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

[Lontor]

Looks like there is no point waiting around, I was thinking we can get 75k but that's also not certain, as a matter of fact it doesn't even matter because in the next two weeks I believe that 95k Bitcoin is going to be possible.

Things are looking pretty good from here out, I pity my friends they are all waiting on the sideline for 47k I did told them that it's impossible that we see that low price anymore, gone are the days where Bitcoin dips massively, we have ETFs and institutions now..

It's no more the COVID days, we are at the last great buying opportunity period, OCTOBER is going to be the final month and that's it, I'm glad to be part of this journey so far, I am happy for pulling the buying trigger since 60,000 BTC, best decision of my life so far.

[ChartBuddy]

Explanation
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[OgNasty]

It would be more accurate and correct if you wrote "The White House plans to buy Bitcoin for strategic reserves for the first time," because they haven't bought anything so far.

They have Bitcoin in the reserve already. Any purchase would be adding more to it. Not reinventing the wheel here…

As a matter of fact I saw a car falling with style I didn't see no flying car 

You should watch the event. It does more than fall… It also doesn’t come out until 2028 and will have plenty more flying tricks by then. The real mood killer is that the rocket version is only available to purchase by invite, so it is likely impossible to own for regular folks (even rich ones).

[Cinexa]

But I see more a car that just can’t crash from heights instead of real flying
Anyway impressive and when 1 BTC = 1 Tesla roadster?

I am quite skeptical when it comes to testing new technology. I know he is a successful businessman and his company has did very well in the past, but as far as this particular technology is concerned, I have no desire to be the early bird and hop into a flying car. I also think that this was primarily designed for drag racers, to keep them safe in the event of an accident.

[JayJuanGee]

It's actually a double-edged sword, it's not a question of whether it will harm us, it's just a question of when. The next US administration may make a complete U-turn towards Bitcoin and decide to sell.

It doesn't even take a change in attitude TBH. The first thing the Biden administration did was reverse a bunch of Trump measures simply because Trump made them. Whether they were actually beneficial or not was immaterial.

You (@Richy_T) act as if you are describing a phenomena that applies ONLY to one party, or as if such a practice of targeted reversals in regards to changed parties ONLY just begun to take place in recent times.

 

Looks like there is no point waiting around, I was thinking we can get 75k but that's also not certain, as a matter of fact it doesn't even matter because in the next two weeks I believe that 95k Bitcoin is going to be possible.

Things are looking pretty good from here out, I pity my friends they are all waiting on the sideline for 47k I did told them that it's impossible that we see that low price anymore, gone are the days where Bitcoin dips massively, we have ETFs and institutions now..

It's no more the COVID days, we are at the last great buying opportunity period, OCTOBER is going to be the final month and that's it, I'm glad to be part of this journey so far, I am happy for pulling the buying trigger since 60,000 BTC, best decision of my life so far.

From my perspective, you sound a wee bit lost, @Lontor, as if Bitcoin is something to try to trade rather than to invest and/or like you are largely trying to buy bitcoin on the dip so that you can try to play cycles that may or may not end up working out to your advantage.

It tends to take years and years and years for guys to really build up meaningful bitcoin holdings - even guys who had advantages of building their bitcoin holdings prior to 2021, and even better yet prior to 2017 - and sure, at the same time, the longer that any of us has been in the better, even if the exact ending of BTC accumulation might still not be clear - since there are guys who have been in bitcoin for years and years and years (including longer than your 2022 entrance date, if we go by your forum registration) who are still ongoingly accumulating bitcoin through buying only methods and not fucking around trying to trade.

I, kind of, hate to bring up my earlier post regarding bitcoin price dynamics and my earlier concerns about having had been stuck in a price range that, at that time, did not quite fill my buy/sell orders... .. but, to me, it seems worthy of an update since in the past day-ish, I had been relieved of such anxiety, at least on the buying end, since my lower $80k buy orders had been executed in our bounce down to $79,694..and yeah, whether $79,694 will end up playing out as our local bottom is still to be determined - the next week (or two, or maybe longer, aka soon^TM) is critical.^TM

my earlier post

When 74k?
Better yet
When 59k?
If we hit 59k my cold card panic sale at 63k is savable.
At this point 57k or 91k is what I am looking for.

I would say getting below $70k would be quite surprising - even though I am not saying that it would be impossible to get that low.. even though it seems quite a bit of a fantasy to be assigning anything higher that 5% odds to something even lower, such as lower $60k or upper $50ks.

Many of you likely recall that since mostly 2015, I have been selling BTC within what I consider to be a price-based sustainable withdrawal system on the way up and buying with proceeds from the sales, to the extent that they exist, on the way down, so largely there is a kind of arguable downside insurance based-in to what I consider that I am doing, and in the early days those BTC sales on the way up were likely in the ballpark of 10-12% for every doubling (which seems large as fuck, right now), yet in recent times the sales on the way up have seemed to have come out to more like 3-4% for every doubling.. so yeah, I have already recognized my own practice to be ongoingly selling way too little bitcoin on the way up, which ongoingly remain psychological blockers for me...

...and yeah, I agree that a couple post back in this here famous thread, I was ragging (a wee bit) on AlcoHoDL's seemingly anti-selling statement (contained within a riddle) while at the same time my own being guilty (is it called being hypocritical?) of a similar kind of mental (and/or action) framework - namely my own ongoing reluctance to sell in meaningfully decent amounts of cornz, even though I have been ongoingly claiming that guys can get to stages of their bitcoin journey in which they have "enough" or "more than enough" bitcoin..^**

**By the way, here is a little more of a tangent.  In late-ish 2022, I did start to incorporate some variation of time-based sustainable withdrawal too. .. that contributes to my ongoingly selling of more bitcoin, in a kind of forced way - even though ONLY a relatively small portion of my total bitcoin holdings falls into that time-based sustainable withdrawal categorization... .arguably around 20% depending on how it is counted.

Ok. Back to the recent BTC price actions that inspired me to want to put together this here post.

I have been looking at our current BTC price correction of the last day or two (to the extent that we might characterize recent BTC price movements as a correction rather than a pausening in the UPpity), and sure in the past 2.5-ish weeks there had been two tests of the mid-$87ks, and I structure my BTC sell orders in such ways that I am supposed to not give much of a ratt's ass in regards to if BTC prices go up, down or sideways, which would also imply that I should not be giving too many shits whether sell orders fill and/or buy back orders end up filling.

At the same time, several times, I have mentioned that I get irritated if the BTC prices come within a relatively small amount (perhaps $100 or $200?) from my BTC order prices and then fail to execute before reversing into the other direction.. and yeah that is the case with me in the mid-$87ks and it is also true for me in slightly higher than $80k, so I have a current spread between my buy/sell orders that is slightly higher than $7k, yet my current increments are in the ballpark of $3k, so once the bitcoin buy/sell orders hit if the BTC price keeps going in the same direction, then the increments would be right around $3k before the next order would trigger, yet if BTC price reverses direction, the current spread is in the ballpark of $7.5k-ish...   The maximum spread comes when the BTC order is "almost" filled buy not quite filled, so currently there is a maximum of $7.5k-ish to play with when the price reverses directions.

so yeah.. 2.5 weeks with no action for this here cat, and I am not supposed to give any shits.. right?  twice almost, but not quite hitting the mid-$87ks, and then now our barely missing the lower $80ks... but yeah, I am not supposed to care, right?... bitcoin price go up, down or sideways?    Are we done visiting the lower $80ks yet or not?

Many guys likely realize that I do not root for down, but if the BTC price is going to go there anyhow, then I might as well shore up my insurance policy by having my buy order filled rather than having it almost, but not quite, filled.  No?

'nuff said for now.

As a matter of fact I saw a car falling with style I didn't see no flying car  

You should watch the event. It does more than fall… It also doesn’t come out until 2028 and will have plenty more flying tricks by then. The real mood killer is that the rocket version is only available to purchase by invite, so it is likely impossible to own for regular folks (even rich ones).

Your humor never stops.^**

hahahahaha

**Yes.  "We" know that uie poo-ie will be getting one.  You are like the sucker's sucker.

[ChartBuddy]

Explanation
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[vapourminer]

But I see more a car that just can’t crash from heights instead of real flying
Anyway impressive and when 1 BTC = 1 Tesla roadster?

I am quite skeptical when it comes to testing new technology. I know he is a successful businessman and his company has did very well in the past, but as far as this particular technology is concerned, I have no desire to be the early bird and hop into a flying car. I also think that this was primarily designed for drag racers, to keep them safe in the event of an accident.

as long as the nozzles dont get ripped off first thing

its a cool blade runner look ngl. but getting sand blasted buy the high pressure blast debris from that lifting off next to you? ugh

now, fun on a track? oh yeah. how many air bag you think it has? now you need ass bags too

[ChartBuddy]

Explanation
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[Floczy]

As a matter of fact I saw a car falling with style I didn't see no flying car  

You should watch the event. It does more than fall… It also doesn’t come out until 2028 and will have plenty more flying tricks by then. The real mood killer is that the rocket version is only available to purchase by invite, so it is likely impossible to own for regular folks (even rich ones).

Yh I did get to watch it, and it actually flew (for quite a short distance tho) but I just wanted to add a little humor to the whole stuff that's why I said it that way  

Of cause if they release this car to everyone it will cause some problems to the society, these types of cars will need some adjustments to the whole road system, and society rules and regulations, if not.. you know how some humans are   they will take advantage of everything about the car regardless of their safety and the safety of others, so I see the reason why they will hold this version back.

Let's wait for the regular one and see what's left of all his promises

I had misread you too... and your clarification makes more sense - especially since it can take a while to get to a point of enough bitcoin to feel confident to pull the fuck you lever.  Tjere are a decently large number of guys who pull the fuck you lever too soon.. so there is a need to make sure that you have enough, even though so far in bitcoin's history, once a guy gets to a reasonably good fuck you status, bitcoin can be quite forgiving as long as you are correctly valuating. ..

Oh yes.

That's one reason why I'm still holding in man.
I'm so fed up with the fuck**n emotional, physical and mental demand the job requires, and most others jobs out there are also like that too, so its not that there is a better job out there if I quit this one.

Bitcoin is a good tool for financial freedom, but if I should leave this work at the wrong time.. I might get myself into a real difficult situation, let me guess..  I finish all the money, it forces me to sell some coins, I sell em, that one finishes, I sell more, holding reduce more and more until I'm left with nothing and I still have a long time to live in this earth 
As a matter of fact I still use the salary to accumulate more, but the fact that the job is stressful doesn't still change, I just need the money 

[ChartBuddy]

Explanation
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[AlcoHoDL]

I wonder what will happen to the new Tesla car when you activate suction while on a dirt road. It will probably turn into a giant vacuum cleaner and clog up in seconds...

As for the blowers, good luck doing air flips on a normal road used by normal drivers with normal cars...

I used to admire Elon, but his recent stunts have turned him into a clown. Or maybe an adult child with billions of dollars to waste.

[Richy_T]

You (@Richy_T) act as if you are describing a phenomena that applies ONLY to one party, or as if such a practice of targeted reversals in regards to changed parties ONLY just begun to take place in recent times.

This was unique in size and scope. Just like Biden's vote total.

[Richy_T]

now, fun on a track? oh yeah. how many air bag you think it has? now you need ass bags too

I wouldn't be surprised if it was stripped down to the minimum possible configuration for this stunt. Just like the Tesla Musk launched into space.

I don't have any complaints about that and the degree of control over the process was impressive. I just think people's expectations are a bit unrealistic.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

I had misread you too... and your clarification makes more sense - especially since it can take a while to get to a point of enough bitcoin to feel confident to pull the fuck you lever.  Tjere are a decently large number of guys who pull the fuck you lever too soon.. so there is a need to make sure that you have enough, even though so far in bitcoin's history, once a guy gets to a reasonably good fuck you status, bitcoin can be quite forgiving as long as you are correctly valuating. ..

Oh yes.

That's one reason why I'm still holding in man.
I'm so fed up with the fuck**n emotional, physical and mental demand the job requires, and most others jobs out there are also like that too, so its not that there is a better job out there if I quit this one.

Bitcoin is a good tool for financial freedom, but if I should leave this work at the wrong time.. I might get myself into a real difficult situation, let me guess..  I finish all the money, it forces me to sell some coins, I sell em, that one finishes, I sell more, holding reduce more and more until I'm left with nothing and I still have a long time to live in this earth  
As a matter of fact I still use the salary to accumulate more, but the fact that the job is stressful doesn't still change, I just need the money  

You seem to believe that living off bitcoin means dividing it by the total number of years that you believe that you are going to live, except that you end up depleting your bitcoin before you die.

Personally, I believe that sustainable withdrawal is better, which largely means that you live off of whatever amount that your holdings is gaining each year on average, and largely the gaining of your bitcoin holdings is larger than the amount that you are withdrawing, which is time-based sustainable withdrawal.

I go over both price-based and time-based sustainable withdrawal in my sustainable withdrawal thread, and from my point of view way too many normies end up not growing their bitcoin stash size to a sustainable withdrawal amount, which means that they end up depleting their bitcoin stash and then are pretty much left without any bitcoin and with largely insufficient plans.

[JimboToronto]

Green cap is a nice touch.

That black bear is a WOer, hence the cap.

With all due respects to our resident storage engineer, black bear meat is delicious if harvested in the wild.

Unfortunately bears, being omnivorous, are usually polluted with a diet of garbage if they're from anywhere near humans.

P.S. Cheers Joe.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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