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

[ChartBuddy]

Explanation
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[Majestic-milf]

"These like nutty, carnivore, narrow minded, redneck #bitcoin maximalists" - Gloria Zhao on meeting core devs the first time.

That's me!

Gloria Brown is a carnivorous, narrow-minded, reddish, Bitcoin maxi, one would be shocked on the first day,
This strange mixture has kept Bitcoin alive for so long.
welcome to the club where logic, satire and "bullishness" are all served with proof of work!

You meant to say Gloria Zhao and not Brown and don't make her out to be some narrow minded individual. Probably her way of seeing things and yours might defer but like you said, it's this attitude that has kept Bitcoin pushing. 

[ChartBuddy]

Explanation
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[El duderino_]

NGL, thinking of taking some profit again next time we hit $100k USD/BTC.

Taking profit is a good thing.

I say to take profits at $117K before the drop and everyone attacks me and calls me names. Others say they want to take profits after we are at $95K and get a pat on the back? LOL. What is up with the double standards?

Regardless, I think that having 4 years of cash reserves is probably a good idea and the end of a 4-year Bitcoin cycle is a great time to set aside that cash.

Same here took profits to sit out several years if BTC serve me them that way, I do respect your way of thinking and believing about 4 year cycles and the next moves for BTC as I do respect what you've been saying all year long about when the price was gonna top etc... I strongly didn't follow that as I just follow my own stomach about the market moves and gladly I did bc (probably luck) but I took most of my profits + 125k, but I also took some before at +110k and I feel good about those profits to.
When we are kinda early buyers with avg prices below 4 digits then any 6 digit is more as a decent profit.

On the other hand I'm not a 4 year cycle believer, but I wasn't last time either... So hoping to be right this time about the cycle to be dead though I can be wrong as well easily.
I do like reading posts of you, but I just would never be to sure about the 4year cycles or prices at certain dates as how you write them... just bc BTC is to good at changing all the time.
IMHO we easily could drop 10-20k or more but as easily pump it up as well.
One thing is more correct as anything and thats when you take some profits then it just doesn't matter.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[CLS63]

In this market greedy bastards like me can't win. I've been telling myself to buy Bitcoin if it goes down below 100k dollars. However this time I want to see 75k dollars. I will have a question to ask the geniuses here. Is it the right time now to start buying gradually or should I wait a little longer?

Holy fucking shit, CLS63.  Are you trolling us? You have been here since August 2017 and you are still fucking around trying to figure out when to buy dee cornz?

You should have had already been buying since August 2017 and that would have had helped you to answer your own question, since if you had been buying since August 2017, then either you can continue to buy or if you had gotten enough, then you would have had stopped buying at some point and then your stash size might inform you whether you might buy on certain dips.

Where you are at might help to answer your own question... and sorry for your loss if you spent 8 years on the forum without steadily buying bitcoin or some variation of such.

In this market greedy bastards like me can't win. I've been telling myself to buy Bitcoin if it goes down below 100k dollars. However this time I want to see 75k dollars.

You've been here for 8 years, what took you so long?

I will have a question to ask the geniuses here. Is it the right time now to start buying gradually or should I wait a little longer?

I'll tell you next week More serious answer: "buying gradually" sounds like DCA. The whole point of DCA is that you don't try to time the market, so you can start anytime you want.

I see that Loyce beat me to it.

I assume that I expressed myself wrong. I didn't say that I didn't buy any Bitcoin for 8 years. But I needed to start over because of the distress I had nearly 3 years ago. Sometimes things are out of your control in your life. Now I'm in a state to be able to make an investment again. I have a job and salary. I thought of buying Bitcoin because of this and I wondered the opinions of the geniuses here.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[AlcoHoDL]

There's blood on the streets.
Was it Rothschild that said it?
You know what to do.

Designer babies?
AI insemination?
H. G. Wells foretold!

The sky's turning gay.
Homer must be ecstatic.
Transparent boner!

From 6 down to 5.
OMG, what's happening?
Is this Ava Max?

Downsliding with bumps.
A rescue mission for ants.
Buying from weak hands.

Mr. President,
It's time to use the red phone.
Tariff-pump that shit!

Good boy. Sell the dip.
That basement needs a new couch.
Thank you for your coins.

#7wodigestsundayhaikus

[ChartBuddy]

Explanation
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[bitebits]

This video can't be found on Grant Cardone his channel yet. Seems Saylor bought the dip, in size. We will know by Monday.

https://www.youtube.com/watch?v=bxZXRK48_S8&t=4214s


Btw hi guys (and what is this 'taking profit' talk about?)

[ChartBuddy]

Explanation
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[BTCETFInvestor]

I'm wondering how professional mining operations will react to this much lower ($95k) Bitcoin price if it remains this low or goes even lower?

Are the big professional mining operations less likely to continue mining with Bitcoin at a low price they didn't expect?

If this is the case (less likely to continue mining Bitcoin), doesn't that mean the outstanding supply is not decreasing as much or as quickly with less mining?

Wouldn't a decrease in Bitcoin mining hinder or slow down the amount of Bitcoin taken out of circulation - which is counterproductive to Bitcoin's price increasing?    

[El duderino_]

This video can't be found on Grant Cardone his channel yet. Seems Saylor bought the dip, in size. We will know by Monday.

https://www.youtube.com/watch?v=bxZXRK48_S8&t=4214s


Btw hi guys (and what is this 'taking profit' talk about?)

Its just something we take.

[philipma1957]

There's blood on the streets.
Was it Rothschild that said it?
You know what to do.

Designer babies?
AI insemination?
H. G. Wells foretold!

The sky's turning gay.
Homer must be ecstatic.
Transparent boner!

From 6 down to 5.
OMG, what's happening?
Is this Ava Max?

Downsliding with bumps.
A rescue mission for ants.
Buying from weak hands.

Mr. President,
It's time to use the red phone.
Tariff-pump that shit!

Good boy. Sell the dip.
That basement needs a new couch.
Thank you for your coins.

#7wodigestsundayhaikus

homer is designing transparent boner's that is fucking funny thank you

[ChartBuddy]

Explanation
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[WatChe]

He has said many times that he won't sell his Bitcoin.  If he did, it would be a complete loss of trust in his company as a Bitcoin Treasury Company and he would likely be sued for that by his shareholders.  Not to mention he has STRF, STRC, STRK, STRE, & STRD that he now has to support and having less assets won't help him continue "selling volatility" as he puts it.
(MSTR's offerings spell FCKED - The only thing missing to get FUCKED is U, the irony!)

I'm sure his legal team did their best to protect the company (although he did say he discussed this stuff with AI after lawyers wanted to take too long reviewing everything).  He'll be sued for certain at this point, but maybe his legal team does their job and he wins.  If that's the case, it's really just his shareholders that get screwed and if Bitcoin rallies again next cycle they would probably be profitable before the lawsuits were settled.  This is going to be one hell of an interesting story to track over the next couple years.

As long as his statement of 'never selling' is concerned, I think we might not take it seriously. Remember the case of Elon Musk few years ago, when he decided to accept Bitcoin as payment option for Tesla and after sometime he decided to back off from that decision as he suddenly came to know that Bitcoin is not environment friendly.

Like Elon Musk, Saylor is also a business man and if one day he decide to quit after getting his share from Bitcoin then what we can to him? Nothing.

I don't think Saylor is that much stupid to keep hodling Bitcoin forever.    

[Abelly]

Bob has already done that several times.  His argument is both that he has plenty and that his costs are quite low.. perhaps in the lower 3 digits.. yet I wonder.. .

Bob has done this many times before, his reasoning is that he clearly has enough backup funds, and his monthly expenses are under three figures, so he has no problem taking risks!

To be honest, everyone's situation is different, someone's low expenses, meaning that the same strategy will work for everyone, there is no guarantee that what is a comfort zone for Bob may be an additional risk for someone else!

In crypto, it would always be wise to make decisions based on your own risk tolerance and your own cash flow!

[asUHWEceyc]

honest orthodox
quadrennialism bound to
perish soon enough