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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26917594 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
Toxic2040
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December 13, 2021, 11:34:16 PM

Nothings changed. It's only going to get better long term...this is known. Steady as she goes.

#dyor

short fib
4h


zooming out a little with a medium fib extension...looks ok   especially considering where the year started in the mid to upper $20k's
D

#stronghands
jojo69
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December 13, 2021, 11:39:08 PM

Who's buying this fucking shit? "The Bored Ape Yacht Club"
What the fuck is this bollocks, seriously?

I wouldn't give them 3 cents.

https://www.bbc.co.uk/news/technology-59638565

Utter pish.


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December 13, 2021, 11:41:02 PM
Merited by JayJuanGee (1)

Well, it does not look like anything good is happening.
Contrast this with early in the year when almost everybody were salivating at the prospect of selling a bunch at 100K-300K...since EVERYBODY knew that that's were we would be in December.


Too many people looking at inflation and thinking "I'd better keep hold of my filthy fiat as I'm not going to be able to buy as much with it" rather than "I'd better buy something worth holding with my filthy fiat before the government makes it worthless", I suspect.

yep which is why you need to develop a fiat to btc ratio that makes sense for you.

I am older so we are set up as below

The wife is 100% fiat.

I am 80% BTC .

And each year I am gaining on the wife with my btc. net value as compared to her fiat + house net value.
xhomerx10
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December 13, 2021, 11:44:10 PM


and let the purple posts every 100 ft serve as the traditional Texas warning to officially "Fuck around and find out"

I find that you are doing purple fence posts to be so delightfully appropriate.  Your color... and one the locals most likely know to respect.  I guess the tradition goes back.

My moms side of the family were country folk.  I used to visit my grandfather in rural NC and we would take a couple cane poles for fishing.  We fished in a creek on his property, but that was on the edge of his neighbors property.  My grandfather, a man of few words pointed out a post with a purple top and asked me if I knew what it meant.  Nope, I said.  And he told me, it's a friendly way to warn people "if you go on that land they'll shoot ya" (the way my grandfather said it was more like "shoochee" lol).

Is this a US thing or a local Texas thing, I have never heard of it before.

 Not in my area.  We use red markings with a minimum of 10cm diameter to denote private property boundaries.
We use purple to attract the Emerald Ash Borer beetle into sticky traps.  They are a huge problem here having already killed millions of Ash trees.
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December 14, 2021, 12:01:36 AM


Explanation
Toxic2040
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December 14, 2021, 12:18:05 AM

filthy fiat user..your offers are insulting..cheeseburgers are for tuesdays
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December 14, 2021, 12:26:26 AM

Well, it does not look like anything good is happening.
Contrast this with early in the year when almost everybody were salivating at the prospect of selling a bunch at 100K-300K...since EVERYBODY knew that that's were we would be in December.


Too many people looking at inflation and thinking "I'd better keep hold of my filthy fiat as I'm not going to be able to buy as much with it" rather than "I'd better buy something worth holding with my filthy fiat before the government makes it worthless", I suspect.

yep which is why you need to develop a fiat to btc ratio that makes sense for you.

I am older so we are set up as below

The wife is 100% fiat.

I am 80% BTC .

And each year I am gaining on the wife with my btc. net value as compared to her fiat + house net value.

my wife is 100% stocks, and I am mostly bitcoin plus a 60/40 high growth stocks/cash (short term bonds) in "regular" portfolio.
That said, her portfolio slightly outperformed btc since four years ago exactly.
You can check yourself: QQQ is up 2.488X (392.26/157.65) since Dec 13 2017, while bitcoin is 2.346X (46522/19835).
Four years is a pretty long time, presumably a whole cycle, so spare me bias complains and talk about picking up bottoms as almost nobody can do that.
Hopefully, it would be much better going forward and if not, I might still hodl as I don't understand most stocks valuation, currently.
ChartBuddy
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December 14, 2021, 01:01:27 AM


Explanation
dragonvslinux
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December 14, 2021, 01:10:47 AM

Who's buying this fucking shit? "The Bored Ape Yacht Club"

Initially those speculating on the fastest growing asset class of 2021, that of digital art & collectables. Mainly from these physical markets, so not crytpo natives it seems. Turns out they weren't wrong either, as price rose from around 0.1 ETH to 50 ETH within 3 months. Even stranger is that this collection has maintained it's value for the past 4 months as many high rollers continue to buy into this society for status and access rights, while others naturally cash out huge profits. Turns out the NFT bubble in March was only the beginning, as others correctly speculated as such. It's absolutely insane really, never seen anything like it.

What the fuck is this bollocks, seriously?

Yes, people are quite serious about this collection. In summary it's an NFT, gives artwork rights to holders, access to exclusive physical events, some online access, as well as generally Metaverse compatible.

I wouldn't give them 3 cents.

I wouldn't either, also worth noting that you wouldn't be able to directly as the floor price is currently around $200K. There are index funds that poorly track the price and currently severely undervalued (by around 50%+) so I wouldn't trust their liquidity pools either. More importantly, they've already had their 500x growth against Ethereum, so unless you are corporate marketing like Adidas, film/music industry, etc, not worth it.

The developers eventually signed a deal with U2 and Madonna's manager to use the collection in music and artwork, though not sure how the copyright is going to work for that, as very experimental stuff. The collection otherwise almost "flipped" CryptoPunks as the most valuable collection  back in August, and look set to do so in the near future, given it's a society with actual use cases, as opposed to an OG collection with none.


Goes to show how costly human error can be I guess, an important lesson in life. Exhausted traders made mistakes. Bought for 1 ETH, worth at least 53 floor price, sold for 0.75 lol.

I guess you would have preferred a reply with "yeh totes dumb stuff rite", but instead I thought I'd try reply with some factual information since you asked  Smiley
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December 14, 2021, 02:00:24 AM

Merited a long post…. For effort and writing work….

Everyone earns something while working  Tongue

Sometimes a bit more work than initially intended...

It's not like a bot is coming up with all of the ideas contained therein.

no, you are at least two bots that switch back and forth as one or the other gets updated software and tested off line.

Yeah.. but... we have been on a pretty BIG back and forth roll recently, no? 

And would you not conclude that we are kind of antagonistic to one another in a few substantive kinds of ways in respect to the value of trading and the extent to which it is important to talk about trading strategies, no?

You cannot believe that we just invent our level of antagonism, merely for attention or whatever other benefits that we might get out engaging in the back and forths, no?

Another thing is that of course if one of us is typing, the other cannot respond until the other is done, no?

@jjg...still ways to go before you learn how 'normal' humans typically talk to each other.

For sure there is a lot of strangeness in your above chosen words, and need I get into any details about your own strangeness - beyond just pointing it out?

To whatever you say, i would respond...let's wait and see.

You already likely realize that you have a tendency to throw out a bunch of somewhat arbitrary frameworks, and why do we need to wait and see to identify how detached from reality they seem to be.  Why would it matter if some kind of bullshit that you throw out there ends up playing out exactly like you described that it would?  From what I can see about your approach, the mere playing out of your proposed scenario would not cause the current rationale for the framework or the factual foundations to become more solid, even though of course, you could attempt to credit ur lil selfie as some kind of a sorcerer that has graduated beyond wannabe status.


I understand that you are somewhat limited in what you can 'predict' and therefore, react unfavorably when someone does that "unusual' thing.

I doubt that I am limited in what I "can" predict.  I just choose not to make bold ass predictions that seem to be too damned specific and seem to aspire towards sorcery status.  On the other hand, I do have some tendencies to attempt to outline probability frameworks from time to time and also to challenge some folks, such as uie pooie.. when you seem to be throwing out various kinds of nonsense that even you likely do not believe to be true, but you just want to put some kind of seemingly leadership framework out there... it would be funny if it weren't sometimes a bit too misleading and sometimes failing and refusing to account for more convincing frameworks or even sometimes you end up misquoting facts in order to try to spin your framework as being more likely than it deserves.


It's a weakness..you should "fight" it.

It's great that you have deemed yourself as some kind of expert in terms of recognizing various weaknesses that I have.

However, I see no value in various stepwise buy, sell scenarios, which are boring as heck, so it is that.

My approach is too boring for you?  That's strange.  You seem to agree with aspects of what I do which is mostly HODL.. but surely you seem to be opposed to some aspects of what I do because you seem to NOT understand or accept certain angles based on your own lack of sufficient aggressiveness in your investing strategies in the past - and so in that regard, you seem to be having some difficulties relating to certain angles.. even though on several occasions I have attempted to 'splain such dynamics to you... and then instead of attempting to actually grapple with some of the angles you assert that I am misstating personal facts or some other nonsense baloney that likely helps you to NOT grapple with how seemingly boring can actually become exciting especially when it allows you to not have to worry about managing richie status or having a sufficient richie status cushion in order to NOT have to be regretful in regards to failing/refusing to be sufficiently aggressive in the past.
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December 14, 2021, 02:01:26 AM


Explanation
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December 14, 2021, 02:05:08 AM
Last edit: December 14, 2021, 06:06:55 AM by naim027



https://twitter.com/MayorConger/status/1469897847852175362?t=T1wLlTB2TLN4ZNit1b5ybA&s=19

Miami’s Bitcoin-loving mayor, Francis Suarez, told a reporter at Real Vision’s Takeover event in Las Vegas on Friday that he’s planning to take some of his 401K retirement in his favorite cryptocurrency.

The news comes a month after his reelection. Back then, the 41-year-old mayor announced he’d take his next paycheck in Bitcoin.

Source: https://decrypt.co/88098/miamis-mayor-wants-some-of-his-401k-in-bitcoin
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December 14, 2021, 03:01:35 AM


Explanation
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December 14, 2021, 03:08:15 AM

On purple paint, I haven't looked it up but have unofficially heard that it may need to be 12 inches, top to bottom to be legal. I've seen a lot of guys just throw an old tyre over a fencepost, and paint that.

Unless you're working cattle or building rodeo chutes, lots of modern fence is just little metal T-posts, stretched with woven or barbed wire. Not many square inches to the post.
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December 14, 2021, 03:17:56 AM

It's probably all normal and stuff, but all these stories about "red" posts, trespassers, etc. made me less interested in buying a ranch, sorry.
The lake-that's another story...eventually.
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December 14, 2021, 03:25:35 AM
Merited by Torque (1)

My arbitrarily drawn line now seems to be acting as resistance.

My fav thing about bitcoinwisdom is it remembers my last line, and then I can come back and apply confirmation bias in whatever amount that makes me feel like I am smart, to myself.

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December 14, 2021, 04:01:26 AM


Explanation
ChartBuddy
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December 14, 2021, 05:01:27 AM


Explanation
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December 14, 2021, 05:25:12 AM

I guess you would have preferred a reply with "yeh totes dumb stuff rite", but instead I thought I'd try reply with some factual information since you asked  Smiley

Oh, absolutely no doubt that there are fortunes to be made on stupid shit. And fortunes lost, of course. As P.T.Barnum said, "There's a sucker born every minute".
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December 14, 2021, 05:25:56 AM
Merited by vapourminer (1)

So Yes, "Purple Blazes" are generally accepted as symbolizing "Private Property, Trespassers will be Shot, Survivors will be Shot Again!"
Of course blazes can be painted on fence posts but much more commonly will be painted on trees at about 10 yards spacing. The blaze faces outward from the property line, so if you are on public land and see purple blazes you are seeing the line that shalt not be crossed.

Side Note: a couple dipshit beaurocrats in VA & TN parks & recreation have decided to use purple blazes to mark specific hiking trails. These are the ideas of dumbest city boys from Nashville or Richmond who haven't the foggiest idea about the long accepted code of the trail. But as was mentioned earlier, property line blazes are usually 10"-12" in diameter where-as hiking trail blazes are usually about 3" diameter.
But in general, if you're in the woods in the south and come across other folk, smile real big and wave! This indicates "I'm supposed to be here and generally approachable if you have questions." On the other hand if you refuse to make eye contact and try to slink away, it indicates "I'm up to no good and feel guilty for being caught here." The latter will get you shot 9 times out of 8!!!
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