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

[ChartBuddy]

Explanation

[Biodom]

Depressing...

It's not the situation that I envisioned a year ago, but I still don't need to sell for the next 3 years.

[goldkingcoiner]

Looks like we are going down. Not a big surprise, looking at the last weekly candle.

[Hueristic]

                

In documents filed to bankruptcy court in Delaware on Wednesday, Chainalysis was identified as a creditor and asked for any relevant materials to be sent to its lawyers.

https://www.courtlistener.com/docket/65748821/21/ftx-trading-ltd/

[HI-TEC99]

Wow, congrats to the ex-smokers here! I smoked hard for 30 years, vaped for 10, no nothing now for the last 3 years.
I figured up how much I was spending on cigarettes, and once I quit, that amount became my DCA.  Even if BTC goes to zero, I have done a better thing for myself.

If you smoke cigs, try to quit. I felt a lot better, and I didn't think I felt bad.

You're a hero. Next step legendary.

[philipma1957]

Wow, congrats to the ex-smokers here! I smoked hard for 30 years, vaped for 10, no nothing now for the last 3 years.
I figured up how much I was spending on cigarettes, and once I quit, that amount became my DCA.  Even if BTC goes to zero, I have done a better thing for myself.

If you smoke cigs, try to quit. I felt a lot better, and I didn't think I felt bad.

Missed this.

I smoked from 1970 to 1996

I quit on feb 29th. 1996

Used the cigarette money to pay the 30 year mortgage off in under 15 years.

I am proud and very happy for you.

[HI-TEC99]

Wow, congrats to the ex-smokers here! I smoked hard for 30 years, vaped for 10, no nothing now for the last 3 years.
I figured up how much I was spending on cigarettes, and once I quit, that amount became my DCA.  Even if BTC goes to zero, I have done a better thing for myself.

If you smoke cigs, try to quit. I felt a lot better, and I didn't think I felt bad.

Missed this.

I smoked from 1970 to 1996

I quit on feb 29th. 1996

Used the cigarette money to pay the 30 year mortgage off in under 15 years.

I am proud and very happy for you.

Was it hard to give up?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[nutildah]

^^^
thats right buddy don't let us down (any more)

I smoked from 1970 to 1996

I quit on feb 29th. 1996

So you started pre-high school? You must have been a pretty hard kid.

I had about 20 years on and off (rolling tobacco for much of that time).

Had been flirting with quitting for months this year, using the vape to transition. Finally stopped altogether but I still do the nicotine gum. Am definitely fatter.

[ChartBuddy]

Explanation

[Gachapin]

^^^
thats right buddy don't let us down (any more)

I smoked from 1970 to 1996

I quit on feb 29th. 1996

So you started pre-high school? You must have been a pretty hard kid.

I had about 20 years on and off (rolling tobacco for much of that time).

Had been flirting with quitting for months this year, using the vape to transition. Finally stopped altogether but I still do the nicotine gum. Am definitely fatter.

Most get fat for 1-3 years after quitting.  After that it becomes quite easy to get back your former (lighter) weight..

[JayJuanGee]

Caption it   WTF is happening?
Bitcoin has nothing to do with Twitter  

Twitter and Bitcoin should never be compared. Shame on Bitcoin mag not that I expect any better from them. I am getting tired of hearing about Elon now especially because he has no connection to Bitcoin he apparently got out of Bitcoin years ago. Stop giving him attention

Breaking News! FTX owns Bitcoin Magazine  🤡

Hold up.
 "Bitcoin is dead" is the new "Twitter is dead"
 Bitcoin has nothing to do with Twitter but it has been declared dead ~466 times to date - https://99bitcoins.com/bitcoin-obituaries/ - but it's not dead.

 "Twitter is dead" hasn't been declared quite so many times yet but the comparison is valid.

 It's okay if you didn't get it; Elon didn't get it either it seems but please calm the fuck down.

When you have to 'splain the joke, it's no longer funny... except for when a Simpson's character (who also makes hats) 'splains it.

 

Wow, congrats to the ex-smokers here! I smoked hard for 30 years, vaped for 10, no nothing now for the last 3 years.
I figured up how much I was spending on cigarettes, and once I quit, that amount became my DCA.  Even if BTC goes to zero, I have done a better thing for myself.

If you smoke cigs, try to quit. I felt a lot better, and I didn't think I felt bad.

Missed this.

I smoked from 1970 to 1996

I quit on feb 29th. 1996

Used the cigarette money to pay the 30 year mortgage off in under 15 years.

I am proud and very happy for you.

Well, I am not exactly sure how to figure the savings - and of course, besides the financial matters, there are likely health savings and even smell of the house, clothes and car savings.. but if we estimate around $30 per week saved over 3 years, then that would be about $4,710 that we could invest into bitcoin, which would be about 0.25 BTC.. So nearly break even on the cost per BTC and their current value... but could well have been a good investment for nanobtc.

And, for you Philip... we could suggest that you could have put that money ($30 per week) into bitcoin for the past 9 years, and it would have caused you to invest around $14.1k into bitcoin and would have gotten you somewhere in the ballpark of nearly 13.9 BTC... and surely we would not be complaining about that kind of a return on investment...

By the way, the reason that I picked 9 years is because that DCABTC website ONLY goes back 9 years, and if we added an additional 2.5 years, you may well have gotten you to more than 100 BTC with adding that additional $30 per week for 2.5 more years.. = ($30 x 130 weeks = $3,900) since the average price per BTC for those 2.5 years between mid 2011 and late 2013 would have been likely been less than $40 per coin (so $3,900 would have likely gotten you 100 coins by itself without the additional last 9 years that only would have gotten you 13.9 BTC with that $30 per week).

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[somac.]

You know earlier this year I had a nightmare where I checked the price and it was in the 8000s. I really hope this doesn't come true but with the current price and doubt about Grayscale, various exchanges, and others I can't write it off like I did when I had the nightmare.

One thing I know for sure though is that I preferred it when these institutions weren't involved in Bitcoin at all. Bitcoin was driven by actual people then, and after this mess is all past us it seems like it will be again. All the VC and high net worth individual money appears to be the dumb money, not smart. I wonder how they became rich to begin with. I guess corruption and crony capitalism has worked wonders for them, which is why they're being destroyed by Bitcoin, as that shit just can't fly with something that is so honest and transparent.

Definitely depressing but shit happens. On the positive side, time and the monetary system is on my side.

[ChartBuddy]

Explanation

[Aanuoluwatofunmi]

Bitcoin will always be bitcoin and the relevance will ever remain significant as a currency to the world, what others worked on and turns to world's complexity compilation of problem in their research, Satoshi remain ever commited to the project of bitcoin that led to what we all have as a digital currency today, bitcoin will always be the norms and most preferred digital currency from other cryptocurrencies despite high volatility, bitcoin remains bitcoin in a constant way.

https://twitter.com/BitcoinMagazine/status/1594458841894498304?t=Gr5dKYp82h30AavqfMyRSQ&s=19

[ChartBuddy]

Explanation