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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7691. (Read 26706921 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
my early i7 still kicking ass after all these years.

Lots of other upgrades and re-upgrades latest was a 1040ti I think.

SSD etc. no real need to spend the silly money for newer components right now (or the money)



oh totally, I have yet to see a compelling reason to move off my hotrodded X58 setup; 48G of RAM, nvme boot drive, 1080ti, it does what I need

Nice setup. My daily driver is still an i7 4770K, 16GB RAM, 1080ti.

I'll probably upgrade in 2022 when Zen 4 releases. It's supposed to release on a new socket (AM5), and support a lot of the next gen tech, like USB 4.0 and PCIe 4.0. I'd also like to get away from Intel due to all the security vulnerabilities.

Did you mean DDR5 and USB 4?


Ryzen 3 supports PCIE 4.0.



AFAIK The new intel socket will support PCIE 4.0 but eh CPU's don't. Rotflmfao what a joke they are twisting marketing to make it sound like they do. And the Intel Fanboi shills are all trying to make it sound like thats a reason to buy the new socket, so you can upgrade the cpu in the future and have PCIE 4.0. funny thing is the retard fanboi's are eating it up. Its going to be even funnier when the next Intel gen gets released and they find out they need a new socket again because cough DDR5. LOL but then they will be saying how great it is to have DDR5 and that was their goal all aloneg, now run and buy new boards again you little sheeple.
legendary
Activity: 2702
Merit: 2053
Free spirit
Arbitrage opportunity for the brave/foolhardy?
https://cointelegraph.com/news/iran-ditches-the-rial-amid-hyperinflation-as-localbitcoins-seem-to-trade-near-35k
Quote
Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500.

It is, however, not the time to start selling BTC in Iran. Despite official proclamations, the rial has taken a beating alongside the Iranian economy.

According to Radio Free Europe, black market trading had the U.S. dollar selling for 156,000 rials. The toman would cut four zeroes off of current rates, but may well run into the same problems that have stymied the rial.

• incredibly difficult to get your Rials back into USD
• a really great way to end up in US prison for breaching sanctions


But you do get the nice orange outfit!

One of my fav colours.

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Arbitrage opportunity for the brave/foolhardy?
https://cointelegraph.com/news/iran-ditches-the-rial-amid-hyperinflation-as-localbitcoins-seem-to-trade-near-35k
Quote
Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500.

It is, however, not the time to start selling BTC in Iran. Despite official proclamations, the rial has taken a beating alongside the Iranian economy.

According to Radio Free Europe, black market trading had the U.S. dollar selling for 156,000 rials. The toman would cut four zeroes off of current rates, but may well run into the same problems that have stymied the rial.

• incredibly difficult to get your Rials back into USD
• a really great way to end up in US prison for breaching sanctions
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Should I FOMO in and buy bitcoins ? 

Never FOMO. OTOH, ABB (Always Be Buying).

Quote
it feels it could get up to 10K$ and find a new higher equilibrium with all the money printing and risks of lost value in both USD and EUR.

You're missing a zero there. And perhaps an additional single-figure multiplier.


legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
How’s everybody doing this fine Monday?

Everything is good, halving only a week away, anybody excited for the ride ahead?

https://www.bitcoinblockhalf.com/



Just a bit of friendly WO advice from Uncle LFC -

legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
Interesting bullish scenario.

Quote
If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving



Source: https://twitter.com/100trillionUSD/status/1257344002531241984

And in the same thread we have:

Quote
Bullish scenario for bitcoin:
– major cycles triangular formations high(i) –> high(i+1) –> low(i+1)
– breakout is soon after the low(i+1) and a second 200 weeks MA test.
$BTC $BTCUSD #bitcoin $XBT $BLX



Source: https://twitter.com/CryptoHamsterIO/status/1257350380406607873
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
According to this chart the past 2 halvings have been followed soon after by an insignificant dip.

I bet this halving will NOT be like past 2 halvings.

Our badger hates following past patterns (and seems to enjoy messing with people's predictions).
legendary
Activity: 3122
Merit: 1538
yes

Nice setup.

not bad for a 10 year old platform, lol, still gets the frames in the games I play, even at 5760x1080

but yeah, I think your sked for a new build is about right, hopefully by then we will have the GPU horsepower for 3@4K with good frames

Been waiting for a cheap i7 to boost my old i3-6100 setup, but chumps keep on pricing an i7-7700k at ridiculous prices 2nd hand  Roll Eyes

Even while a $120 entry Ryzen is faster now.... 
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
According to this chart the past 2 halvings have been followed soon after by an insignificant dip. Insignificant long term but at the time felt like a letdown due to the hope that the price would rise right after the halving. There was a jump right after the first halving due to the scare that the halving would cause the end of Bitcoin due to miners stopping mining. When they didn't stop the price jumped a little. Before easing back down. I remember selling about 400 bitcoins after that quick jump to $12 (all the bitcoins I owned).



400 BTC is a good amount of bitcoin to aspire to, and even to maintain as a reasonable ongoing amount, even though they were only worth about $4,800 at that particular 1st halvening time.  Hopefully, you were able to buy back some or all of them for at or below $12.  What you did after that might be a different story.

I suppose that the longer that any of us have been in the bitcoin accumulation world, there is an amount of bitcoin that we can point to that we had, at one time that we no longer have or are able to get, but some of that would be somewhat natural and reasonable to maybe have difficulties  maintaining a certain quantity of BTC and retaining some desire and practice of shaving off some dollar profits at various points in time.

Someone in earlier accumulation phases (or later entrants into BTC) may not have reached their peak bitcoin points, yet.

Personally, I have a point that I can point to, and I doubt that I will ever get even close to having that many BTC again, but that is o.k..  I do not live in the past, and I am more than happy with my current accumulation level and also my various future projection that involve both shaving off profits from time to time and also possible accumulation, too (but at the same time only an outline so some uncertainties regarding how the specifics of those projections are going to play out).
legendary
Activity: 3990
Merit: 4597
https://twitter.com/100trillionUSD/status/1257344002531241984

Quote
If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving.

Never heard about a 12 mo moving average, but....OK.
...Introducing a 520 wk moving average...We are way above that one.

Mind you, I am still bullish, but planB keeps coming up with something that is tangential at this point.
I understand that he is nervous on whether his models would work or not. It's nail-biting time.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
legendary
Activity: 1834
Merit: 4197
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
https://twitter.com/100trillionUSD/status/1257344002531241984

Quote
If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot

Nice setup.

not bad for a 10 year old platform, lol, still gets the frames in the games I play, even at 5760x1080

but yeah, I think your sked for a new build is about right, hopefully by then we will have the GPU horsepower for 3@4K with good frames
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
I hope you never change, Jay.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
maybe some of you overlay masters can work this out with something clearer

whos following who here is all I wanna know


D


DJI






Coincidental short term correlation is likely to be noise, and it really does not matter who happens to be following who.

Zoom the fuck out, ToxicMoxic!!!

You deserve a batman slap for merely thinking those thoughts.


legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Should I FOMO in and buy bitcoins ?  Tongue

Don't FOMO in that is one of the worst approaches, because it will likely result in you overinvesting, and really I don't understand why anyone would by FOMOing in at this particular time.

You gotta save the FOMOing in at around $25k to $30k, and maybe even higher prices?  That would make more sense in terms of FOMOing.

It felt around 8K$ was a coherent equilibrium between the real commercial and technical network and the anticipations and the future.

You might be overanalyzing.  There is no real "fair" price for bitcoin, but sometimes you can kind of get a sense that if the price has been at a certain point for a while, then perhaps some buying support has built up at that level, though that is not really guaranteed, either.

We are sitting around 8800$/coin atm. On one hand, it feels it could get up to 10K$ and find a new higher equilibrium with all the money printing and risks of lost value in both USD and EUR. Bitcoin could to it correlated to the financial markets or with the financial markets going down.

You also seem to be thinking, way the fuck too much, short term.  You should first create a plan that has a minimum of 4 years investing, and better to have something that is much longer than that.  Of course, I cannot tell you specifically what your time horizon should be because I don't really know anything about you in terms of your age or your health or maybe some other factors that might affect how you consider your timeline....

Once you get a kind of long term  investment plan into bitcoin and you are mostly focusing on retaining your long term position and DCAing in, then once you are aligned with those goals, then maybe you can take a portion of your bitcoin portfolio value (perhaps 10% or so, and then fuck around with your little short-term theories in regards to a small portion of your BTC portfolio value), but you should establish and put in place a long term plan that has actually largely been met, before you start to fuck around with short term playing arounds (aka fuckening arounds).


On the other hand, there could be an other rush to liquidity first.

Of course, there could.  That is why your plan should be long term, including figuring out your accumulation goal, buying on dips and making sure that you continue to have enough money to continue to buy on the way down, just in case it does.

I just looked at your forum registration date, boumalo, and you have been registered on the forum as long as me, so you should have had enough time to accumulate a decent BTC position, right?  You been fucking around with shitcoins or employing other gambling techniques, such as trying to time the market, the whole time?  Even dollar cost averaging into bitcoin at $25 a week could have put you at a really reasonable stash of bitcoin by now - something around 17 to 20 bitcoins. See this chart comparing bitcoin to other investments with a $25 amount per week and a 7 year selection.


The financial markets have been going up and Bitcoin has been mostly correlated with the stock markets.

Again, your mindset seems to be too damned short term.  Sure bitcoin might be correlated with other assets such as stocks in the short term, but if you have been studying the BTC space long enough, you should be able to recognize that the short term correlation stories are largely a load of crap, even if you can see evidence of them in the short term.  Essentially, if you continue to focus on short term correlation (that concedingly happens to be true), then you are likely focusing on noise and likely going to get fucked by failing and refusing to execute a reasonable accumulation plan in regards to bitcoin, which seems that you may have already been failing and refusing to accumulate BTC if you are suggesting that any of us longer term bitcoiners should be giving very much weight to coincidental short-term correlation between bitcoin and any other asset class, whether we are talking about equities (stocks) or gold or any other asset.  

There continues to be a considerable amount of evidence for anyone willing to see it that bitcoin remains largely non-correlated to any other asset class, even though in the short term we are seeing evidence (and a decent amount of argument, aka likely FUD) to the contrary.

A lot of investors are still optimistic about a V shape recovery after the confinement and we have dip buyers that put floors on the market. Also, the market knows the central banks will intervene more and support prices so it feels they have been disregarding decrease profit forecasts, unemployment and the huge difficulties in some sectors.

Depending on where you are at with your investments in stocks and gold, then yeah, you might need to consider how much the performance (and predictions) regarding those markets should be factored into your bitcoin allocation considerations.

Surely, I have always suggested that almost anyone should be 1% to 10% in bitcoin, but your allocation percentage in bitcoin might also relate to what you have been doing with your whole history in bitcoin, for example in the last almost 7.5 years that you have been a member of this forum.

When I got into bitcoin in late 2013, I did not really consider how much I was going to allocate into bitcoin in terms of a percentage, but at that time, I did create a 6 month budget to accumulation through a kind of front loading DCA, with about at least a 1 year investment plan, but ideally more than a 2 year plan (in my then thinking), but I was going to play it by ear and to study the matter for the next 6 months while I was DCA investing into bitcoin.  Towards the end of those first 6 months (which would have been April/May 2014), I largely extended my accumulation plan another 6 months, and probably towards the end of the second six months (November 2014-ish), I had considered 10% into BTC as compared with my other quasi-liquid investments (which were mostly equities, but there were some cashflowing investments in there, too) to be my BTC accumulation goal.

Anyhow, my point continues to be that if you are currently trying to figure out how much to invest into bitcoin, and concerns that BTC might be correlated to equities, anyhow, then maybe you would end up just lowering your investment proportion in bitcoin because you do not consider bitcoin to be adding much if any value, apart from equities.  That is based on your own views of the matter.

Essentially, I do find your quandary of how much to invest into BTC right now to be a little bit hard to follow because no one really knows what the fuck to do with regard to equities and whether the little money printer go bbbbbbrrrrr plan is going to sufficiently hold up equity values during these trying times, and surely there is both a lot of doubt out there regarding whether money printer go bbbbbbbrrrrrr is a sufficient plan in order to hold up equities in these kinds of times.  

There are many guys (and gal) here in this thread who seem to believe that the money printer go bbbbbrrrrr scenario actually is bullish for bitcoin (moreso than equities), and they would rather overallocate a bit into bitcoin during these kinds of times and the money printer go bbbbbbrrrrrr plan is actually more rather than less bullish in terms of allocating a higher percentage into bitcoin relative to equities than you would have done in other scenarios.  

Of course, reasonable minds can differ too, and we will find out in the coming 4-6 years (probably a lot shorter than that) whether over-allocating into bitcoin as compared to equities ended up paying off as a better plan.
legendary
Activity: 1795
Merit: 1208
This is not OK.
God how long does one shopping trip take?

Our beelivery order was delivered in less then 30 mins just now. 3.00 an order, but worth it i think. Nicely fills the gaps between the big Morrisons orders every 2 weeks.
sr. member
Activity: 1197
Merit: 482
Arbitrage opportunity for the brave/foolhardy?
https://cointelegraph.com/news/iran-ditches-the-rial-amid-hyperinflation-as-localbitcoins-seem-to-trade-near-35k
Quote
Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500.

It is, however, not the time to start selling BTC in Iran. Despite official proclamations, the rial has taken a beating alongside the Iranian economy.

According to Radio Free Europe, black market trading had the U.S. dollar selling for 156,000 rials. The toman would cut four zeroes off of current rates, but may well run into the same problems that have stymied the rial.
member
Activity: 90
Merit: 44
God how long does one shopping trip take?
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