Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[alexrossi]

Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.

No solid suggestion in this market, but with the current rising rate I feel that we are quite close to a 100k jump

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hypebrother]

Things are looking positive for BTC after negotiations with Iran.

Rubio made a fair point of Irans intent of having a nuke. Inflation will sky rocket if gas prices goes up..since for a fact we get the produce from them farms on them trucks.

The economic warfare was real and it looks like they made a wrong turn when bombing sailors and the cargo ships.

It pissed of the US military and in a good way.

Anyways, since we are up from 60s and going stable even during war.

It's a no brainer that the world looks forward to BTC.

The sky is the limit ...

 

[CryptoYar]

Sure, alternatively if you are just finding out about bitcoin now, then you cannot turn back the clock, so you end up having to start stacking from today.  

The best time to stack was yesterday.  The second best time to stack is today.

True. Yesterday’s expensive is always tomorrow’s cheap.

Yesterday was for the visionaries, today is for the pragmatists, and tomorrow is for the desperate.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.

Be like jjg and dca.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[weallbitcoiners]

Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.

Be like jjg and dca.

Sorry, could you be more elaborate about this?

[LoyceV]

Sorry, could you be more elaborate about this?

DCA: Dollar Cost Average. It means buying on a regular basis, so you don't have to wonder whether or not today is a good moment to buy.

[weallbitcoiners]

Sorry, could you be more elaborate about this?

DCA: Dollar Cost Average. It means buying on a regular basis, so you don't have to wonder whether or not today is a good moment to buy.

Thanks for the explanation about this. Please, can you give more details or a link where I can find more about this because it's looking interesting and workable for me.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[snowpega]

Sorry, could you be more elaborate about this?

DCA: Dollar Cost Average. It means buying on a regular basis, so you don't have to wonder whether or not today is a good moment to buy.

A good piece of advice!

If you are following this, then you don't need to worry much about the price tag, especially when you are planning to enter the market for the long term using DCA. As all that time, you will keep getting the price on different ranges, which, as a result, if you are buying consistently after a fixed period of time, you will be reaching at such end where you will make a good profit from it because of a good average buying at different price.

[Leahized]

Sorry, could you be more elaborate about this?

DCA: Dollar Cost Average. It means buying on a regular basis, so you don't have to wonder whether or not today is a good moment to buy.

Thanks for the explanation about this. Please, can you give more details or a link where I can find more about this because it's looking interesting and workable for me.

You read this thread by JJG,will be helpful for you.

https://bitcointalk.org/index.php?topic=5376945.0

[Pumpsta]

I think that many of us are in great shape as compared with folks who might have had invested in other things since 2020.

C'mon, the great shape must have to do with the challenge you've been doing since 2024 too!

[xhomerx10]

Sorry, could you be more elaborate about this?

DCA: Dollar Cost Average. It means buying on a regular basis, so you don't have to wonder whether or not today is a good moment to buy.

 Today is always a good day to buy.  Yesterday was the second best day to buy.

[philipma1957]

Sorry, could you be more elaborate about this?

DCA: Dollar Cost Average. It means buying on a regular basis, so you don't have to wonder whether or not today is a good moment to buy.

Thanks for the explanation about this. Please, can you give more details or a link where I can find more about this because it's looking interesting and workable for me.

sure wait a minute

https://bitcointalk.org/index.php?topic=5562379.0

https://bitcointalk.org/index.php?topic=5432163.0

https://bitcointalk.org/index.php?topic=5579660.0

finally found the thread I wanted see below

https://bitcointalk.org/index.php?topic=5376945.0

[Biodom]

Re MSaylor and bitcoin sells.
He has a trading opportunity in this order:
1. he can issue STRC
2. he can sell high cost btc batch, book a loss, but decrease cost per btc overall
3. simultaneously or one min later, he can use STRC $ proceeds to buy slightly more btc than he sold at essentially the same price.
4. Result: cost per btc is decreased, btc per share is increased, some loss is booked, but gains are increased (because of lower cost basis because he sold a currently losing position).
5. yes, this is financial engineering, in part based on no need to account for wash sale rules (albeit, i am not sure if wash sales rules apply to the corporate finances).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Re MSaylor and bitcoin sells.
He has a trading opportunity in this order:
1. he can issue STRC
2. he can sell high cost btc batch, book a loss, but decrease cost per btc overall
3. simultaneously or one min later, he can use STRC $ proceeds to buy slightly more btc than he sold at essentially the same price.
4. Result: cost per btc is decreased, btc per share is increased, some loss is booked, but gains are increased (because of lower cost basis because he sold a currently losing position).
5. yes, this is financial engineering, in part based on no need to account for wash sale rules (albeit, i am not sure if wash sales rules apply to the corporate finances).

I am not sure how his price per coin is set up.

he could have his buys  separated in a manner a regular person does not have the ability to do.

My big trick as an individual was to buy .56 btc this year on kraken and PayPal

then give all my older coin to my wife as a gift.

so the .56 btc I purchased this year has a cost basis of 73k thus .56x73000=40,880

if I were to sell it all at 82,000x.56=45,920  I have a gain of about 5000 and I have a 17,000 carry from 2022 so the sale would be tax free and I would still have a carryover of 12,000

if coins go to 100k and I sell at 56,000-40,880=15,120  which against my 17,000 I am still tax free.

and I still am stacking the btc from the mining.  I have a much smaller and simpler setup than he does. but the tax rules of the usa are pretty wacky so I am sure he has a way to switch and maneuver coin in his favor.

His issues are when to hedge a bit. vs when to buy a bit.

has he reach 750,000 coins yet I lose track.

[cAPSLOCK]

On topic:

Prediction markets are very interesting and it's fun to see them start being quoted as a newsworthy metric in various media.

But too few people understand that Bitcoin is probably the best prediction market for a kind of summation of macro forces.

I would say the two biggest inputs into Bitcoin's sentiment from a global perspective would be the current perceived outcome of the world conflict and optimism around the passing of the Clarity Act in the US.

I don't mean to sound snooty, but Bitcoin is kind of an IQ test mixed with a bias test.  Once you see what it is, you can't unsee it and you begin to realize that there is an inevitable morphing that has to happen to the world system because it is now in existence.

But it takes a little bit of smarts (and luck) to get there early.  And bitcoin has given an unfair advantage in a way to Austrians and libertarian types because it checks off a lot of their boxes.

But the people moving towards Bitcoin understand some of these global things happening a little quicker than others because it's kind of a smart group.

So it seems that Bitcoin is anticipating the Clarity Act gets passed. And it seems to believe that it is going to benefit from the continued situation in the world as nations rebuild the order of things.

I am very bullish.  Surprise!  But we're gonna see sell-offs, maybe on the news, maybe on the lack of news, etc.


Off topic:
I know not everyone would agree with this, but I sure am glad I live in a state, in a country that allows me to open carry my handgun.

I actually 3D printed one recently. Now, I will not carry that until I am certain that it meets the legal requirements, but that too is a great freedom.