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

[AverageGlabella]

For those that might be interested I bought in at $36,850 with nearly all my saving account at the time. I still have my Bitcoin have not sold any of it. Bitcoin either gets to my goal price or it does not. I will not be selling before then and I will only be selling a certain amount to pay off the rest of my debts and not all of the btc if it does reach it. I remember when I first bought the amount I was very nervous about any micro movement but it is strange how calm I have been during the last few weeks. I think I owe a lot of this to my wife she has been the most understanding person. Part of me is kicking myself because I invested at a price which is over double the current price but that is just life. You cannot predict everything perfectly and anyone claiming to have foreseen this drop months ago is probably lying. I have money coming in with my job and that has been enough to build up a emergency fund if anything went wrong with the house or our health. I think that is all I need and can wait for Bitcoin to go up to my desired price.

I might do some dca at this price

[HI-TEC99]

[Paashaas]

BlockFi files for bankruptcy.

[UnDerDoG81]

Honestly, if we done with the FTX dump, it was not as worse as it should have been. Just proves we near bottom. Down 2k after this massive attack on Crypto. This was bigger than Mtgox. I keep skeptical because of the coming recession so I will keep some fiat instead of jamming all into Bitcoin now but still surprised.

It is proper to put money in many areas or places and it is not recommended to put money in one place only. Because if your goal is to make lots and lots of profits, then putting money into lots of businesses and investments is a very good solution. Because when you experience losses in one business, you still have hope in other businesses. But if you just want to save money to spend in life during a recession, I don't know what advice to give you.

I put ALL, really all my eggs in one basket in 2013. And that was Bitcoin. I was damn lucky. And I holded to this day. Can’t remember at what price but I sold 2% of my Bitcoin this year. And that’s the fiat I have now. I have no clue about investing and other assets. Was planning to buy some physical gold or silver in case of we get the “you will own nothing and be happy” agenda. If that happens, they will take away anything from us including Bitcoin. But still you can hide physical gold somewhere. Even though it’s difficult to travel with.

I wish I would have cashed out 20 or even 30% at 69k. So I could invest in a nice house now and rent it for passive income. But then again, if the WEF agenda succeeds, they will take away houses and anything else.

[Paashaas]

For those that might be interested I bought in at $36,850 with nearly all my saving account at the time. I still have my Bitcoin have not sold any of it. Bitcoin either gets to my goal price or it does not. I will not be selling before then and I will only be selling a certain amount to pay off the rest of my debts and not all of the btc if it does reach it. I remember when I first bought the amount I was very nervous about any micro movement but it is strange how calm I have been during the last few weeks. I think I owe a lot of this to my wife she has been the most understanding person. Part of me is kicking myself because I invested at a price which is nearly double the current price but that is just life. You cannot predict everything perfectly and anyone claiming to have foreseen this drop months ago is probably lying. I have money coming in with my job and that has been enough to build up a emergency fund if anything went wrong with the house or our health. I think that is all I need and can wait for Bitcoin to go up to my desired price.

I might do some dca at this price

Continue buying every month, you'll be just fine reaching your goal if you aim for 2024 halving mega pump.

[ChartBuddy]

Explanation

[AverageGlabella]

Continue buying every month, you'll be just fine reaching youre goal if you aim for 2024 halving mega pump.

Might keep buying until the halving as I am confident that we will see a recovery by then or better the mega pump as you call it. I think we should be over most of the problems that have occurred this year by late 2023 setting up the bull run in 2024. That is my positive outlook any way and that is more wishful thinking then being backed by logic. Good to see someone else thinks the same way to

[ChartBuddy]

Explanation

[JimboToronto]

BlockFi files for bankruptcy.

loidh

[eXPHorizon]

WRRRRRRRRRRAAAAAAAAAAAAAAAHHAAAAAAAAAAAAAAAHHHHHHHH

you retarded fuxks are lucky there is a limiter on my neck


lemme clarify that you dumb degens are the most dumb retarded dumb ass wipes that humanity will have the bad luck to witness

[HI-TEC99]

BlockFi files for bankruptcy.

[Biodom]

If bitcoin was a gift (or a test?) from some friendly civilization, it seems that we are failing.
A glorious bitcoin got diluted by thousands of garbage coins, with no appreciation during the last 5 years.
It's just a fact, but if you want to soothe yourself, then count from Dec 2018 and be happy.
I guess, human folly spoiled it in the interim, imho. I mean, we seem to be unable to grow a robust financial system around bitcoin and it is just an observation that seems to be based on current facts.
The ecosystem (you can argue that bitcoin wasn't a part of it, but it is not a very solid argument) is now completely decimated-I mean tradfi companies involved in various yield schemes. Poof, gone.
Additionally, it seems that some were able to portray to their customers that their bitcoin was real when it wasn't (no bitcoin assets, just bitcoin liabilities).
I am not sure how it was accomplished.

Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.

BTW, I think Cathy Wood is right and Fed is making a significant policy error.
By rising rates too fast, they are sowing the seeds of another Great Depression.

[HI-TEC99]

... tradfi companies involved in various yield schemes. Poof, gone.
...

[xhomerx10]

https://twitter.com/bradmillscan/status/1589810716374339584

It is hard for me to imagine how someone can gamble with someone's pensions in this way, unless they are bribed or totally incompetent. Just 2 months ago, their CEO spoke like this :

“In terms of the risk profile, it is probably the lowest risk profile you can have in that it’s everybody else is trading on your platform,” OTPP CEO Jo Taylor told Reuters last week.

 I don't know about the others but the Ontario Teachers' pension fund is flush.  They currently have over $700k in assets per teacher (working and retired).  With over $200 billion to invest, I'm not surprised some of it ended up at Celcius... probably a nothing burger with cheese.

 Follow up:
According to the Ontario Teachers' Pension Plan, they invested US$95M into failing crypto platform FTX which represents about 0.05% of their total portfolio.  

Thank you for that followup

 To be honest, I had to follow up.  I would have been blown away had the Ontario Teachers' Pension Plan invested more than a token amount; they've been rock solid at investing since their inception in 1990 - I often wished I had been a teacher just for the gold-plated pension plan.

[strawbs]

https://www.coindesk.com/markets/2022/11/15/on-chain-data-shows-investors-waiting-changing-custody-behavior/

If one positive result of the FTX collapse is more people choosing to have custody of their own coins, we are at least moving nearer to more people using bitcoin as it was intended. i.e......

#BeYourOwnBank
 

[ChartBuddy]

Explanation

[BitcoinBunny]

https://www.coindesk.com/markets/2022/11/15/on-chain-data-shows-investors-waiting-changing-custody-behavior/

If one positive result of the FTX collapse is more people choosing to have custody of their own coins, we are at least moving nearer to more people using bitcoin as it was intended. i.e......

#BeYourOwnBank
 

It literally took a Bankman to strengthen that argument.

[wachtwoord]

Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.

You're going to end up really disappointed if you do that.

[Biodom]

Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.

You're going to end up really disappointed if you do that.

Well, I already did not sell twice: at 20K in 2017 and 69K in 2021, there would NOT be a 3rd time.
Albeit, I also did not 'mindtrust' at $175 in 2015, $3100 in 2018 and $3800 in 2020.
Part of it is age...waiting for 10 years makes no sense to me.
However, I am not going to sell all...maybe 30-40% or so.

[Gachapin]

For those that might be interested I bought in at $36,850 with nearly all my saving account at the time. I still have my Bitcoin have not sold any of it. Bitcoin either gets to my goal price or it does not. I will not be selling before then and I will only be selling a certain amount to pay off the rest of my debts and not all of the btc if it does reach it. I remember when I first bought the amount I was very nervous about any micro movement but it is strange how calm I have been during the last few weeks. I think I owe a lot of this to my wife she has been the most understanding person. Part of me is kicking myself because I invested at a price which is over double the current price but that is just life. You cannot predict everything perfectly and anyone claiming to have foreseen this drop months ago is probably lying. I have money coming in with my job and that has been enough to build up a emergency fund if anything went wrong with the house or our health. I think that is all I need and can wait for Bitcoin to go up to my desired price.

I might do some dca at this price

It's a good time (maybe the best) to dca the shit out of it within the next months.

As you probably know, it's normal that prices might go down drastically after buying.  That could have happened at 10$/BTC, 100$/BTC, 1,000$/BTC or 10,000$/BTC.

A 50% loss is still moderate, if you take into account that we endured draw downs of 80%-90% several times on our journey.   (Buying at certain prices or not selling is actually the same in result)

I like your spirit.  It seems much stronger than the spirit of guys like mindrust^tm who couldn't even endure a few % drawdown of his investment, and became a nocoiner because of it.