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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[weallbitcoiners]

I am happy I had my first buy of $100 on Sunday and now have a program to buy around $75 on the coming Sunday. I already set my strategy for staying on this amount for 1 year after this I will check and then set a new strategy because it's important to stay on my long-run strategy, as it's all about risk, but I am doing this for the next 25 to 30 years.

After buying my first Bitcoin, it's still on the exchange. Here I am, not feeling good because the KYC issue has never been ideal for me. I want to have this under my control. Can I trust Electrum for the long run? Any suggestion could be appreciated.

Welcome to the world of Bitcoin! Glad to see you joining us on the train to the land of success.  

As long as you download Electrum from the source (https://electrum.org/), it is fine. I use it myself and it is a good wallet for Bitcoin.

Thank you very much for your link. Now my laptop is showing the Electrum sign, and my first buying already transferred here from the exchange.
I'm feeling comfortable in the early days, excited about a few things, but still feeling it's never going to be easy to have this investment in the long run. I will try my best to do a good workout because this is always important.

Furthermore, I had the first buy at $80700; now the price is already touching $81000. Hopefully, till Sunday this could be kept cool because I am going to have a second buy on Sunday again.

[philipma1957]

I am happy I had my first buy of $100 on Sunday and now have a program to buy around $75 on the coming Sunday. I already set my strategy for staying on this amount for 1 year after this I will check and then set a new strategy because it's important to stay on my long-run strategy, as it's all about risk, but I am doing this for the next 25 to 30 years.

After buying my first Bitcoin, it's still on the exchange. Here I am, not feeling good because the KYC issue has never been ideal for me. I want to have this under my control. Can I trust Electrum for the long run? Any suggestion could be appreciated.

Welcome to the world of Bitcoin! Glad to see you joining us on the train to the land of success.  

As long as you download Electrum from the source (https://electrum.org/), it is fine. I use it myself and it is a good wallet for Bitcoin.

Thank you very much for your link. Now my laptop is showing the Electrum sign, and my first buying already transferred here from the exchange.
I'm feeling comfortable in the early days, excited about a few things, but still feeling it's never going to be easy to have this investment in the long run. I will try my best to do a good workout because this is always important.

Furthermore, I had the first buy at $80700; now the price is already touching $81000. Hopefully, till Sunday this could be kept cool because I am going to have a second buy on Sunday again.

remember to back the 24 or 12 word seed up

[weallbitcoiners]

I am happy I had my first buy of $100 on Sunday and now have a program to buy around $75 on the coming Sunday. I already set my strategy for staying on this amount for 1 year after this I will check and then set a new strategy because it's important to stay on my long-run strategy, as it's all about risk, but I am doing this for the next 25 to 30 years.

After buying my first Bitcoin, it's still on the exchange. Here I am, not feeling good because the KYC issue has never been ideal for me. I want to have this under my control. Can I trust Electrum for the long run? Any suggestion could be appreciated.

Welcome to the world of Bitcoin! Glad to see you joining us on the train to the land of success.  

As long as you download Electrum from the source (https://electrum.org/), it is fine. I use it myself and it is a good wallet for Bitcoin.

Thank you very much for your link. Now my laptop is showing the Electrum sign, and my first buying already transferred here from the exchange.
I'm feeling comfortable in the early days, excited about a few things, but still feeling it's never going to be easy to have this investment in the long run. I will try my best to do a good workout because this is always important.

Furthermore, I had the first buy at $80700; now the price is already touching $81000. Hopefully, till Sunday this could be kept cool because I am going to have a second buy on Sunday again.

remember to back the 24 or 12 word seed up

This is really the biggest concern for me right now because I want to keep this safe and secure, but how it's a problem writing on paper is not good, but I'm still working on a few ideas hopefully it's also going to be settled currently I have it in my USB.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[snowpega]

Trump Manipulator, Elon Alien, and Nvidia Ceo has officially landed in China...

What can be the expected result of their meeting, guys?

Any guesses?

[boumalo]

What's up? Hantavirus? Reports that UAE attacked Iran?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bitcoin_Budha]

What's up? Hantavirus? Reports that UAE attacked Iran?

The UAE can't dare to do this alone it's happening through coordination with Israel because they are still in and want to keep things burning even with what the USA is trying to set in motion through talks.

https://www.timesofisrael.com/liveblog_entry/uae-coordinated-attacks-on-iran-with-israel-reports/?__cf_chl_tk=UaG6oJpck7Ks9I_xpfZ3mazjCs6d2d45CKvyO.jWG9E-1778680568-1.0.1.1-mJztlM9MBHFkdcUZqMBpGDhu.TGktiBzCjSnj19eSR4

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Trump Manipulator, Elon Alien, and Nvidia Ceo has officially landed in China...

What can be the expected result of their meeting, guys?

Any guesses?

The most obvious thing would be opening up more sales from their US companies in China. I’m sure there are concerns from both sides that can be addressed together with a discussion. Both sides would probably also like some assurances that global disputes won’t affect their business relationship.

[boumalo]

UP

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LoyceV]

This is really the biggest concern for me right now because I want to keep this safe and secure, but how it's a problem writing on paper is not good, but I'm still working on a few ideas hopefully it's also going to be settled currently I have it in my USB.

Just know that paper lasts a lot longer than USB sticks, and remember: "one backup is no backup"!

[cAPSLOCK]

I am happy I had my first buy of $100 on Sunday and now have a program to buy around $75 on the coming Sunday. I already set my strategy for staying on this amount for 1 year after this I will check and then set a new strategy because it's important to stay on my long-run strategy, as it's all about risk, but I am doing this for the next 25 to 30 years.

After buying my first Bitcoin, it's still on the exchange. Here I am, not feeling good because the KYC issue has never been ideal for me. I want to have this under my control. Can I trust Electrum for the long run? Any suggestion could be appreciated.

Welcome to the world of Bitcoin! Glad to see you joining us on the train to the land of success.  

As long as you download Electrum from the source (https://electrum.org/), it is fine. I use it myself and it is a good wallet for Bitcoin.

Thank you very much for your link. Now my laptop is showing the Electrum sign, and my first buying already transferred here from the exchange.
I'm feeling comfortable in the early days, excited about a few things, but still feeling it's never going to be easy to have this investment in the long run. I will try my best to do a good workout because this is always important.

Furthermore, I had the first buy at $80700; now the price is already touching $81000. Hopefully, till Sunday this could be kept cool because I am going to have a second buy on Sunday again.

remember to back the 24 or 12 word seed up

The above is the absolutely most important advice.

And self custody is a journey. You are going to want to harden your setup over time. Just getting it into Electrum is a perfect first step and copying down those seed words somehow not electronically.

And there's the segue into what you might think about in the future, producing a seed for a wallet in a way that has never touched any connected electronic device with the exception of a hardware wallet (which is still optional for doing this.)

[cAPSLOCK]

<...>

Very easy!

The iPhone company owner is a billionaire. 
The rest of them are just showing off their assets here, where one seems to be poor in them.

I  thought it was racists and whites rule.  But I like your answer better.

I saw this yesterday and didn’t even notice the racial aspect when making my choice. I’m not sure what exactly that says about me.

Saylor says he’s selling 100+ million dollars worth of Bitcoin next month… Just a reminder that he told people to sell their kidney and cash out their grandma’s retirement to buy BTC at $120K last year.

Gemini gave me this:

"Saylor clarified in follow-up interviews that for every 1 Bitcoin sold, the company likely intends to buy 10 to 20 more in the same month."

If true, then it's no biggie. He is firmly committed to Bitcoin accumulation.

[Source] CoinDesk -- 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin

Then the only reason to do it would be number games... locking in profit/loss vis a vis taxes?

I am FINE with him selling, IDGAF.  But thats od... I will be buying and selling at the same time!   Lol.

I'm less fine with him selling when this is what he's doing with it.  Think about it.  He says he's going to buy maybe 20 Bitcoin for every 1 he sells to pay the dividend.  The dividend is 11.5%.  That's nearly 1% per month.  He'll run through that 1 BTC he sells paying the dividend for the 20 he buys in 5 months...  Then what?  Not to mention people still don't seem to realize the BTC per share metric is a lie because most of that BTC is being promised to the preferred stocks.  So in reality, shareholders will be seeing their BTC per share DROP under this plan while increasing their liabilities.  Every day this situation gets worse and people find new excuses to justify it.  Remember "nothing burger" and "no biggie" in a few months.

I certainly can make the case that his actions could be worrisome for the Bitcoin price at some point.  And that's the problem with so much Bitcoin centralizing in one place.

That's just the tip of the iceberg. Because everyone is using the same few custodians to hold it.

But I can't bring myself to care about what he's doing with his company beyond the fact of just realizing that it could rock my personal boat all over the place.

I liked the version of Saylor that was the Bitcoin evangelist and seemed to really understand why Bitcoin is different.  But he was showing his true colors back then, too. He knew what to say.

And I would say this version of Saylor is now just taking the wheels off and trying to do everything he can inside the legacy system to execute the most complex and powerful speculative attack possible.

I would totally not be surprised if there was also cocaine involved.

But I don't see another way we can do this.  Bitcoin has to be able to withstand this level of potential abuse.

This is also why I laugh at "fix the money fix the world" type stuff.

I do think Bitcoin as a tool is one of the most positive things to ever happen to mankind. But I've never thought that it would somehow overcome humanity's ability to fuck each other over endlessly. In fact, in some ways, it just accelerates our ability to do it.

The logical pathways for what's going on with strategy are pretty simple.

And the Occam's razor view of what the legacy system is currently doing is also very clear they are doing everything they can to gather up as much Bitcoin under their control as possible.

And even if their strategy was to try to shake all the money out of the tree and cut it down... along the way they have begun to realize that they are heavily incentivized not to do that. Lol.

And the hardest part of it all is, if it turns out they can, then we were all just fools.

[AlcoHoDL]

<...>

Very easy!

The iPhone company owner is a billionaire. 
The rest of them are just showing off their assets here, where one seems to be poor in them.

I  thought it was racists and whites rule.  But I like your answer better.

I saw this yesterday and didn’t even notice the racial aspect when making my choice. I’m not sure what exactly that says about me.

Saylor says he’s selling 100+ million dollars worth of Bitcoin next month… Just a reminder that he told people to sell their kidney and cash out their grandma’s retirement to buy BTC at $120K last year.

Gemini gave me this:

"Saylor clarified in follow-up interviews that for every 1 Bitcoin sold, the company likely intends to buy 10 to 20 more in the same month."

If true, then it's no biggie. He is firmly committed to Bitcoin accumulation.

[Source] CoinDesk -- 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin

Then the only reason to do it would be number games... locking in profit/loss vis a vis taxes?

I am FINE with him selling, IDGAF.  But thats od... I will be buying and selling at the same time!   Lol.

I'm less fine with him selling when this is what he's doing with it.  Think about it.  He says he's going to buy maybe 20 Bitcoin for every 1 he sells to pay the dividend.  The dividend is 11.5%.  That's nearly 1% per month.  He'll run through that 1 BTC he sells paying the dividend for the 20 he buys in 5 months...  Then what?  Not to mention people still don't seem to realize the BTC per share metric is a lie because most of that BTC is being promised to the preferred stocks.  So in reality, shareholders will be seeing their BTC per share DROP under this plan while increasing their liabilities.  Every day this situation gets worse and people find new excuses to justify it.  Remember "nothing burger" and "no biggie" in a few months.

I certainly can make the case that his actions could be worrisome for the Bitcoin price at some point.  And that's the problem with so much Bitcoin centralizing in one place.

That's just the tip of the iceberg. Because everyone is using the same few custodians to hold it.

But I can't bring myself to care about what he's doing with his company beyond the fact of just realizing that it could rock my personal boat all over the place.

I liked the version of Saylor that was the Bitcoin evangelist and seemed to really understand why Bitcoin is different.  But he was showing his true colors back then, too. He knew what to say.

And I would say this version of Saylor is now just taking the wheels off and trying to do everything he can inside the legacy system to execute the most complex and powerful speculative attack possible.

I would totally not be surprised if there was also cocaine involved.

But I don't see another way we can do this.  Bitcoin has to be able to withstand this level of potential abuse.

This is also why I laugh at "fix the money fix the world" type stuff.

I do think Bitcoin as a tool is one of the most positive things to ever happen to mankind. But I've never thought that it would somehow overcome humanity's ability to fuck each other over endlessly. In fact, in some ways, it just accelerates our ability to do it.

The logical pathways for what's going on with strategy are pretty simple.

And the Occam's razor view of what the legacy system is currently doing is also very clear they are doing everything they can to gather up as much Bitcoin under their control as possible.

And even if their strategy was to try to shake all the money out of the tree and cut it down... along the way they have begun to realize that they are heavily incentivized not to do that. Lol.

And the hardest part of it all is, if it turns out they can, then we were all just fools.

Call me naive, but I don't believe that Saylor has such a devious plan for Bitcoin. But then again, people change, plans change, and power corrupts.

In any case though, if Bitcoin is to survive in the long run, it has to be able to withstand any and all possible attacks. There have been attacks, and there will be attacks. If it can happen, it will happen.

Whatever doesn't kill it makes it stronger. Bring it on.

[AlcoHoDL]

$82k proves to be a tough nut to crack.

We had Vegeta @ $9k.

Now we have Vegeta² @ $81k.

These ant pump/dumps are getting boring.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

$82k proves to be a tough nut to crack.

We had Vegeta @ $9k.

Now we have Vegeta² @ $81k.

These ant pump/dumps are getting boring.

Don’t worry, the inevitable is coming… A toast to those who are prepared and I’ll pour a little out for those who aren’t.

I actually thought we would stall out at $89K (the last peak before the fall) or $97K (the prior peak). Sort of shows the market isn’t rallying, but rather massive buys are being tossed at a continuous sea of deleveraging.