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

aesma

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fly or die

Quote from: Hueristic on December 19, 2024, 03:25:39 PM

Quote from: aesma on December 19, 2024, 05:53:17 AM

We went down to 98700, my buy back order at 96500 doesn't seem that far fetched now does it ?

Also I've done KYC on Poloniex where I had dust laying around, it turns out that dust is worth 5 figures now.

Now I need to do the cryptopia thing but that one is a hassle and I'm not sure I have something left.

Very weird as when I refused KYC with them they sold off all my assets at the lowest number (after taking a socialized 30% loss from what I have no clue) from the previous year and sent the check to my attorney general.

Thats when they lied and said there would be assets withdrawal allowed if they ever institute kyc after goldman ballsacks bought them.

The funny thing is I didn't actually refuse KYC, I refused to agree to their arbitration clause they instituted at the same time and they kept lying saying I was refusing KYC but in order to do KYC you had to accept their bullshit new fuck you over terms.

It was only like $1500 so no big deal but even so they showed what kind of pieces of shit they are and I won't deal with scumbags like that ever.

I did look into suing their asses but the cost outlay just was not worth the effort.

Now if the assets I had on there a few months prior that I had removes when I found out circle was buying them had been seized and liquidated then I would have those fuckers in court.

Hmm, now that I think of it with the new administration moving oin maybe the fed would be interested in this as they couldn't care less when it happened.

The times they are a changing. Cheesy

https://www.youtube.com/watch?v=90WD_ats6eE

I'm not American that's probably the reason.

ChartBuddy

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heslo

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Quote from: OutOfMemory on Today at 03:54:57 PM

Still can't decide on that hardware wallet... Roll Eyes

I want to dodge the ledger(s), originally wanted to choose a follow-up hw wallet as cold storage.
Now, when coming to feature sets, security design and even price, the choices are almost no-brainers, but going through the FUD and spam with the ledger's, i started to question the need of a hw wallet at all.
I could live with seedword lists and computers, but there will be less convenience in some usecases and security of storing the words would become even more crucial.

On the other hand, i like Passport's and Coldcard's stuff and have the required bucks to spend...

I've used Trezor since 2013, love their devices and you can even flash BTC only firmwares on it. Have owned a few Ledgers as well (I like to tinker) but Trezor is where it's at for me

d_eddie

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ChartBuddy

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jojo69

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diamond-handed zealot

Zackz5000

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Bitcoin or nothing

Quote from: juhobtc on Today at 08:08:39 AM

Quote from: JayJuanGee on December 18, 2024, 03:03:47 PM

Of course, given where we are at, the number of whole coiners is going to be much lower than the 0.26%, even in the best of equal distribution scenarios that we could imagine going forward.
Natural and/or spread out (or equal) distribution would rarely play out in a free market, and I can hardly imagine any scenarios in which more fair distribution could be attempted to be pushed upon the world and its bitcoin acquisition.. so one of the main solutions end up with individual action, and individual responsibility to try to figure out how to consider how to get as many BTC as they are able to get within their own limited circumstances.

Surely, if we consider so many rich folks, institutions and governments that are going to try to "stockpile" their own little stash, which likely makes it difficult for normies to hold even more than a million satoshis... which likely means that it would be good to buy those million satoshis sooner rather than later, since currently a million-ish satoshis ONLY cost a bit more than $1k.

Edit... and even a nice little buying opportunity as I edit this post.. perhaps we might be able to get some bitcoin for less than 6 digits? Perhaps? perhaps?.. that means more than 1 million satoshis for $1k.

I understand that not everyone will want to own bitcoin, there are many rich people who made their fortune in real estate or other businesses and they were able to do it without bitcoin. And if they did not buy it before when it cost several hundred, then now that the cost of bitcoin has reached 100k, buying this asset will not be of interest to them.

And given the limited emission, I assume that bitcoin will be concentrated in the hands of large companies like Microstrategy or the like, maybe there will be states that will also want to do this, but I don’t understand everything, yesterday there saw that Bukele making concessions regarding payment in bitcoin in order to receive another tranche from the IMF.

But I would like bitcoin to be distributed among millions of inhabitants of our planet, then it would be much more resistant to various kinds of manipulation.

Most of the rich people you are talking about may not have known anything concerning bitcoin investment and since it is also an online investment they may think is a scam investment because nobody has been able to put them through how bitcoin investment works if they know the value of bitcoin they will definitely want to invest and they won't struggle to accumulate Bitcoin since the money is there from their discretionary income.

You should also note that even if the price of Bitcoin hits $200k people will still accumulate Bitcoin knowing that the price may continue to increase in future time it is when you don't know the value of bitcoin that it won't interest you to buy meanwhile those that knows the value of bitcoin long term investment will definitely be interested to accumulate even the price rise above $100k.

ChartBuddy

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Hueristic

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Doomed to see the future and unable to prevent it

We need a new poll.

ChartBuddy

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ChartBuddy

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promise444c5

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Learning never stops!

Quote from: JayJuanGee on Today at 02:44:36 PM

... so hopefully you understand the trade-offs involved in regards to figuring out how much value (if any) you should be holding back for buying dips, versus if you are just buying regularly (such as weekly), then it is likely that you regular buys would capture any severe dips that might end up playing out.

I make use of both here ...but I enter most dips early( as I don't trust the market to go deeper), yet it serves its purpose ( buying dips ) .
I knew nothing about bitcoin before joining btw

ChartBuddy

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OutOfMemory

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Man who stares at charts (and stars, too...)

Still can't decide on that hardware wallet... Roll Eyes

I want to dodge the ledger(s), originally wanted to choose a follow-up hw wallet as cold storage.
Now, when coming to feature sets, security design and even price, the choices are almost no-brainers, but going through the FUD and spam with the ledger's, i started to question the need of a hw wallet at all.
I could live with seedword lists and computers, but there will be less convenience in some usecases and security of storing the words would become even more crucial.

On the other hand, i like Passport's and Coldcard's stuff and have the required bucks to spend...

ChartBuddy

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JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: JimboToronto on Today at 11:21:26 AM

Quote from: promise444c5 on Today at 10:50:45 AM

...what’s up with the 30k chorus these days… heard it from more than 4 people already Undecided

Adolescents think it's cool to be pessimistic.

Some people think that they are engaging in "critical thinking" when they apply such outlier assertions, when in fact they are showing their ignorance of the topic.

Many of us might observe that during a bull market the BTC price mostly does not get within 25% to 50% of the top of the 200-WMA, especially while the bull market is underway, yet at the same time, past happenings and patterns could end up getting broken. Right now the 200-WMA is about $42.4k and it is moving up around $30 per day. We are about 130% above the 200-WMA.

Of course in the bear markets, the 200-WMA maybe be touched and it may well even end up being breached... so currently the upper $30ks are less than 10% distance from the 200-WMA, yet the lower $30ks are about 30% from the 200-WMA, which the bear market would need to be quite severe for such lower $30ks to be feasible even on the fringes.

Even with our current correction, there are a lot of discussions of buying from governments and institutions, that contribute towards upwards momentum, and sure it could be that sentiment could reverse to the extent that sentiment might affect bitcoin momentum on the margins.

I am still having trouble seeing scenarios in which the so many diptwats selling at or around $100k would be buying back, which maybe their starting to buy back might not meaningfully begin until around $85k or so... Sure it could happen even if I am not considering such scenario to be very likely (but what do I know?).

Quote from: promise444c5 on Today at 11:44:46 AM

Quote from: JimboToronto on Today at 11:21:26 AM

Quote from: promise444c5 on Today at 10:50:45 AM

...what’s up with the 30k chorus these days… heard it from more than 4 people already Undecided

Adolescents think it's cool to be pessimistic.

Hmm...preparing for the worst , even when it seems unlikely , isn't bad

I have no problem with ideas of preparing for the worst... financially and psychologically, yet any newbies to the space should be buying regularly, and so hopefully, for their own good they are not employing waiting rather than buying strategies, especially for such pie in the sky scenarios such as $30ks.

Even you, promise444c5, have less than 1.5 years registered in the forum and presumptively similar times in bitcoin, so hopefully you understand the trade-offs involved in regards to figuring out how much value (if any) you should be holding back for buying dips, versus if you are just buying regularly (such as weekly), then it is likely that you regular buys would capture any severe dips that might end up playing out.

There could be scenarios in which even newer bitcoiners save some of their funds for buying dips, yet they have to appreciate the trade offs of holding back such value. I frequently consider a person who is able to lump sum invest, and who ends up lump sum investing a decently large amount into bitcoin, then such lump sum person is in a better position to hold money for buying on dips if he already lump summed a lot of value into bitcoin. Each of us has to figure out the extent to which our already investment into bitcoin might justify holding some value back for possibly buying on dips rather than just buying regularly, consistently and persistently with our money as it comes available each week or however frequently we choose to buy our cornz.

ChartBuddy

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jojo69

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diamond-handed zealot

OutOfMemory

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Man who stares at charts (and stars, too...)

Quote from: SuperBitMan on Today at 09:42:52 AM

Bitcoin has 32 halvings and we have only seen 4.

Let that sink in.

https://twitter.com/Bitcoin_Teddy/status/1870017713235476774?t=FOO5n0DG4ynCkjd1xOwDNQ&s=19

Since the last halving, Bitcoin has got a bigger stock-to-flow ratio than Gold.
Already after the 4th halving.

Let that sink in Cool

JimboToronto

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Quote from: Biodom on Today at 11:53:50 AM

One of the "unspoken" rules of WO-one does not post a long text in super large letters OR people would get 'mad'. Please, experiment with your settings.

Amen.

Also avoid all-caps (yelling) and try to keep images to less than a few hundred pixels in either direction.

Large images and yelling come across as attention seeking.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion (Read 26608846 times)