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

[JayJuanGee]

Who is a Billionaire?🤔

Me, I have bitcoins.
Every week BTC is deposited into my wallet. That's a good method of DCA.

A satoshi billionaire would be someone who has 10 BTC or more.. hahahahaha.. Used to be a very reachable and reasonable target.

Now, if we are talking sub-satoshis, then perhaps billionaire status in regards to dee cornz is still reachable by normies.

By the way, I started out at around 14 pages behind and intending to catch up..which sometimes such behind-ness happens..

Gentlemen, here we go again.
Fun fact: mixing red and green gives orange, Bitcoin's color.
Important detail: you need more red than green to make orange. Equal amounts of red and green give yellow.

So I wanted to use this as a way for the sparkle fairy, to learn about her yellow and orange candles that she's been wondering so much about.
But my first attempt at a prompt were underwhelming to say the least. And I'm sad to say that this morning, I just can't be bothered enough to try to refine this to a point where it's actually kind of good.  (kind of seems like not being willing to make microwave popcorn because it takes too long.)

Meh. So I added this:

Code:

Make her and the board look more like something that crazy conspiracy theorists would be raving about?

Lol.
And remember, they lie about yellow!

Wow... and she is going to completely leave out blue?  What is life without blue?

Oh?  I just looked it up (since my brain sometimes forgets some basic knowledge things) and I see that the main three colors are red, blue and yellow and yellow and blue equals green.. so yeah, blue is half of green.

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.

If you are really planning to be accumulating and/or holding bitcoin for 25-30 years or more, then why should you give more than two flying fucks about the current price.

It would seem to me that you should not give much if any shits about the BTC price for the first 1-2 cycles (4-8 years), and you may well have a preference for lower prices while you are accumulating..

Surely we cannot know about bitcoin's price, but if you are largely trying to invest within reasonable means of your budget, then staying alive is a good idea.

Also regarding your plans to transfer to Electrum.. I would think that maybe you transfer once a month or maybe even  once every several months.. .. yet surely you are going to end up with a lot of relatively small UTXO sizes.

[AlcoHoDL]

[...]

Gentlemen, here we go again.
Fun fact: mixing red and green gives orange, Bitcoin's color.
Important detail: you need more red than green to make orange. Equal amounts of red and green give yellow.

So I wanted to use this as a way for the sparkle fairy, to learn about her yellow and orange candles that she's been wondering so much about.
But my first attempt at a prompt were underwhelming to say the least. And I'm sad to say that this morning, I just can't be bothered enough to try to refine this to a point where it's actually kind of good.  (kind of seems like not being willing to make microwave popcorn because it takes too long.)

Meh. So I added this:

Code:

Make her and the board look more like something that crazy conspiracy theorists would be raving about?

Lol.
And remember, they lie about yellow!

Wow... and she is going to completely leave out blue?  What is life without blue?

Oh?  I just looked it up (since my brain sometimes forgets some basic knowledge things) and I see that the main three colors are red, blue and yellow and yellow and blue equals green.. so yeah, blue is half of green.

[...]

What you're describing is the subtractive color model called RYB (main colors in this model are Red, Yellow, Blue). This works for pigments on a canvas, like a painting, where light is reflected off of the painted surfaces.

The quoted posts (by me and cAPSLOCK) use the additive color model, where the main colors are Red, Green, Blue (RGB). This works for monitors/phones and light sources, like lamps, where light is produced by the object itself, not reflected off of it. In this case, blue is a primary color that's completely missing, because it's not needed to make orange.

A bit too technical, I know, but just wanted to clarify it. These are very important matters, you see... We don't want to mislead our Sparkle Fairy!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

I can't believe that the market thinks that we peaked in Feb-April 2021 as far as momentum is concerned.
Slow action after that: point to point, 23.4% in 61 mo aka 4.22% a year, which is, interestingly, quite similar to a money market fund.
Granted, money market funds interest rates were lower in 2021-2022 period, then higher in 2022-2024 era.

One "thing" is for sure: Wall Street involvement resulted in NO appreciation, maybe it was even negative on the balance despite a gigantic verbiage volume and crazy price predictions.

Nasdaq did better than the dow or btc
12.9k to 26.7k

 march 2021 to may 2026
But as aways pick other dates

Say march 2020 to May 2026 and btc smokes most everything
Ask mindrust.

Well, I intentionally chose 5 years...sure..if you add 2010-2020, btc comes on top by a gigantic number, but we shall look forward and not backwards, right?
What the next five years would be?
My SO is absolutely smoking my relatively small btc returns in the last 5 years and she has a simple portfolio in her 401Ks: just three funds.

Starting from March 2021 is disingenuous (since that was more or less the top of the first part of the 2021 BTC price run).

I like to start looking at bitcoin price history from January 2012 and to assign $5 to the price and $5 to the 200-WMA... .that way some noise is wiped out in regards to the lack of price in those first 3-ish years.

Of course, bitcoin's price curve has still been greatly up, even though there has been some need to go back in time, and the longer the better, including diminishing returns, yet also some kind of seemingly ongoing attack on bitcoin to make the diminishing returns come off as even worse.. so yeah, are we going to do another stair-step up.. and also transcend our current $126.2k high?

[...]

Gentlemen, here we go again.
Fun fact: mixing red and green gives orange, Bitcoin's color.
Important detail: you need more red than green to make orange. Equal amounts of red and green give yellow.

So I wanted to use this as a way for the sparkle fairy, to learn about her yellow and orange candles that she's been wondering so much about.
But my first attempt at a prompt were underwhelming to say the least. And I'm sad to say that this morning, I just can't be bothered enough to try to refine this to a point where it's actually kind of good.  (kind of seems like not being willing to make microwave popcorn because it takes too long.)

Meh. So I added this:

Code:

Make her and the board look more like something that crazy conspiracy theorists would be raving about?

Lol.
And remember, they lie about yellow!

Wow... and she is going to completely leave out blue?  What is life without blue?

Oh?  I just looked it up (since my brain sometimes forgets some basic knowledge things) and I see that the main three colors are red, blue and yellow and yellow and blue equals green.. so yeah, blue is half of green.
[...]

What you're describing is the subtractive color model called RYB (main colors in this model are Red, Yellow, Blue). This works for pigments on a canvas, like a painting, where light is reflected off of the painted surfaces.

The quoted posts (by me and cAPSLOCK) use the additive color model, where the main colors are Red, Green, Blue (RGB). This works for monitors/phones and light sources, like lamps, where light is produced by the object itself, not reflected off of it. In this case, blue is a primary color that's completely missing, because it's not needed to make orange.

A bit too technical, I know, but just wanted to clarify it. These are very important matters, you see... We don't want to mislead our Sparkle Fairy!

Call me a party poop since in that case, I would still want blue, even if its use in the creation of orange would be zero.

[UpTober]

Today I saw an interesting difference post on Twitter showing the performance of various popular platforms over the last ten years.

•Bitcoin: +17,420%
•Tesla: +3,122%
•Apple: +1,355%
•Google: +1,015%
•Amazon: +654%
•S&P500: +323%
•Gold: +255%

Of the popular platforms shown here, Bitcoin is at the top, but what will be most noticeable to everyone is the difference between Bitcoin and other platforms. As the world's largest companies, we usually know Amazon, Google, Tesla, Apple, etc., but these companies have not been able to perform like Bitcoin in the last ten years.

On the other hand, among these platforms, gold is at the bottom, and Bitcoin has given the highest return in the last 10 years. I think one important thing that emerges from this chart is that long-term patience is much more important than short-term investments. 
Many people panic in bear markets and sell, but history shows that those who hold on for the long haul are the ones who ultimately succeed.
source

[AlcoHoDL]

[...]

[...]

Gentlemen, here we go again.
Fun fact: mixing red and green gives orange, Bitcoin's color.
Important detail: you need more red than green to make orange. Equal amounts of red and green give yellow.

So I wanted to use this as a way for the sparkle fairy, to learn about her yellow and orange candles that she's been wondering so much about.
But my first attempt at a prompt were underwhelming to say the least. And I'm sad to say that this morning, I just can't be bothered enough to try to refine this to a point where it's actually kind of good.  (kind of seems like not being willing to make microwave popcorn because it takes too long.)

Meh. So I added this:

Code:

Make her and the board look more like something that crazy conspiracy theorists would be raving about?

Lol.
And remember, they lie about yellow!

Wow... and she is going to completely leave out blue?  What is life without blue?

Oh?  I just looked it up (since my brain sometimes forgets some basic knowledge things) and I see that the main three colors are red, blue and yellow and yellow and blue equals green.. so yeah, blue is half of green.
[...]

What you're describing is the subtractive color model called RYB (main colors in this model are Red, Yellow, Blue). This works for pigments on a canvas, like a painting, where light is reflected off of the painted surfaces.

The quoted posts (by me and cAPSLOCK) use the additive color model, where the main colors are Red, Green, Blue (RGB). This works for monitors/phones and light sources, like lamps, where light is produced by the object itself, not reflected off of it. In this case, blue is a primary color that's completely missing, because it's not needed to make orange.

A bit too technical, I know, but just wanted to clarify it. These are very important matters, you see... We don't want to mislead our Sparkle Fairy!

Call me a party poop since in that case, I would still want blue, even if its use in the creation of orange would be zero.

Blue is my favorite color, too. Not pure blue, but a shade like Azure Blue, Sky Blue, or Aqua Blue.

So, yes, I cannot disagree with you there (wanting blue).

I just checked the official Bitcoin logo color. It turns out it does have a bit of blue in it:

Bitcoin Orange -- RGB: 247, 147, 26 (#F7931A)   <--- if you check my post's raw text, I'm using the exact same color value to display it.

So, Bitcoin Orange consists of 59% red, 35% green, 6% blue (RGB additive color model).

It's got blue in it!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

A Platter worth trying.

Chicken, Fish, Mutton, Beef and Quail served with Rice. Lots of Protein 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

Seven in a row is too much for Buddy, and considering Phil obviously took the day off, someone has to stop him.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

thanks lucius

btw we got buddy surrounded.

[xhomerx10]

I can't believe that the market thinks that we peaked in Feb-April 2021 as far as momentum is concerned.
Slow action after that: point to point, 23.4% in 61 mo aka 4.22% a year, which is, interestingly, quite similar to a money market fund.
Granted, money market funds interest rates were lower in 2021-2022 period, then higher in 2022-2024 era.

One "thing" is for sure: Wall Street involvement resulted in NO appreciation, maybe it was even negative on the balance despite a gigantic verbiage volume and crazy price predictions.

Nasdaq did better than the dow or btc
12.9k to 26.7k

 march 2021 to may 2026
But as aways pick other dates

Say march 2020 to May 2026 and btc smokes most everything
Ask mindrust.

Well, I intentionally chose 5 years...sure..if you add 2010-2020, btc comes on top by a gigantic number, but we shall look forward and not backwards, right?
What the next five years would be?
My SO is absolutely smoking my relatively small btc returns in the last 5 years and she has a simple portfolio in her 401Ks: just three funds.

Starting from March 2021 is disingenuous (since that was more or less the top of the first part of the 2021 BTC price run).

I like to start looking at bitcoin price history from January 2012 and to assign $5 to the price and $5 to the 200-WMA... .that way some noise is wiped out in regards to the lack of price in those first 3-ish years.

Of course, bitcoin's price curve has still been greatly up, even though there has been some need to go back in time, and the longer the better, including diminishing returns, yet also some kind of seemingly ongoing attack on bitcoin to make the diminishing returns come off as even worse.. so yeah, are we going to do another stair-step up.. and also transcend our current $126.2k high?

[...]

Gentlemen, here we go again.
Fun fact: mixing red and green gives orange, Bitcoin's color.
Important detail: you need more red than green to make orange. Equal amounts of red and green give yellow.

So I wanted to use this as a way for the sparkle fairy, to learn about her yellow and orange candles that she's been wondering so much about.
But my first attempt at a prompt were underwhelming to say the least. And I'm sad to say that this morning, I just can't be bothered enough to try to refine this to a point where it's actually kind of good.  (kind of seems like not being willing to make microwave popcorn because it takes too long.)

Meh. So I added this:

Code:

Make her and the board look more like something that crazy conspiracy theorists would be raving about?

Lol.
And remember, they lie about yellow!

Wow... and she is going to completely leave out blue?  What is life without blue?

Oh?  I just looked it up (since my brain sometimes forgets some basic knowledge things) and I see that the main three colors are red, blue and yellow and yellow and blue equals green.. so yeah, blue is half of green.
[...]

What you're describing is the subtractive color model called RYB (main colors in this model are Red, Yellow, Blue). This works for pigments on a canvas, like a painting, where light is reflected off of the painted surfaces.

The quoted posts (by me and cAPSLOCK) use the additive color model, where the main colors are Red, Green, Blue (RGB). This works for monitors/phones and light sources, like lamps, where light is produced by the object itself, not reflected off of it. In this case, blue is a primary color that's completely missing, because it's not needed to make orange.

A bit too technical, I know, but just wanted to clarify it. These are very important matters, you see... We don't want to mislead our Sparkle Fairy!

Call me a party poop since in that case, I would still want blue, even if its use in the creation of orange would be zero.

 He's blue, da-ba-dee-da-ba-di, dammit!

[Lucius]

thanks lucius

btw we got buddy surrounded.

You're welcome - I hope he doesn't get angry now and make a sudden dip to $75k.

By the way, what is his record for consecutive posts?