Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4570. (Read 26610002 times)

Explanation

Grayscale plans on filing an application to convert the world’s biggest bitcoin fund into a spot ETF early next week.

https://www.cnbc.com/2021/10/15/grayscale-investments-close-to-filing-application-for-spot-bitcoin-etf-source-says-.html

Looks like the market has caught it's breath and is ready to go after the ATH...  The mempool is empty so everyone's coins are sitting on exchanges and the strong hands are ready to scoop them up and carry us higher.  I suspect after a little morning dump as people wake up to their coins being on exchanges, we'll be ready to rip.  The weekend might delay things a few days, but I don't see the current all time high lasting longer than Tuesday.  A six digit Bitcoin price feels locked in, which is insane because that's like a trillion dollars in added market cap...

Bitcoin is Rocking. Enjoy the Music.



https://www.youtube.com/watch?v=wiDCQTbzOec

Explanation

Explanation

Yes...

Exactly.. difficult for some of us to understand.


If any of us (the royal us, included) followed your advices and prognostications we would be poor as fuck...

So good thing that your gibberish hardly makes any senses...   doesn't resonate....

hahahahaha

#nohomo.


If you want it to be easy to follow which link that you are referring to, it is likely better to quote from it, rather than providing the post count  - like this:


It would be more clear - because the post count will change  with the passage of time.. especially when previous posts are deleted.. which does happen from time to time.. take Bawb going on a post-deleting spree (about two years ago - something like that when he was throwing a kind of temper tantrum) in which he deleted thousands of his old posts in this thread and that not only screwed up the post numbers, the number of pages in the thread, but it sometimes delinked previous references to those earlier deleted posts... .. anyhow quoting the earlier post is better than stating the post number that might be currently valid but will likely change in the future...


For sure, I don't mind that we have differing ways of looking at these matters, and for sure this is a bitcoin-orient thread, so sometimes you just seem to be out of touch with overarching ideas in bitcoin including various currently credible bitcoin prediction models that should also help to inform your thinking and your way of talking about your ideas in bitcoin...

Sure bitcoin could go to zero.. but we are quite far from that even being much of any kind of meaningful or reasonable possibility that should get more than a cursory consideration.

In other words, we should be planning for and preparing for more likely scenarios rather than outlier scenarios, so even continuing to mention that bitcoin could go to zero seems to put you quite far out of touch in matching your semantics to what is really happening in these here parts of the economy.,. referring to bitcoinlandia... #justsaying.

 



Fair enough...


But not too many folks in this thread are really into trading even though we are looking at charts nearly 24/7/365 just to see where our lil buddy is at.... at any given moment.

Most guys here are of the buy, accumulate and HODL mentality as well as considering the cycles.. and including a few that skim here and there and maybe consider selling some on the way up at various points along the way.. sure..


For sure, it is a great place to share information, even if we don't always agree and some of us are going to want to beat up on others from time to time, too  - especially if they are saying things that might be misleading.. and frequently it is not a personal thing, either since I do believe that you are genuinely posting matters from your own practices, and sometimes some of us disagree with how you are handling some of the matters.. while of course acknowledging that you have full and complete discretion regarding how you manage your portfolio to the extent it contains any BTC.



No need to worry ORO.. we can battle it out from time to time... especially when you are getting out of line and telling us to buy gold or something like that... hahahahaha


Can't disagree with you on that part, but still does not hurt to have your perspective, even if we might not agree on all things.


No need to state any pledge of allegiance.  You started way earlier than many of us here.. Sure I started in late 2013 and registered my forum account in early 2014.. and I have spent a lot of time on bitcoin.. but at the same time.. each of us are going to have our own various experiences in which we can share and sometimes disagree.. no problema...


Seems like a fair synopsis...

Explanation

Rubber is a good thing to have for an ATV - especially if you want to drive on something other than rims.  Last time I checked rims do not get very good traction, they leave for an uncomfortable ride and they are expensive in terms of wear (in the event that you are driving on them).


Not odd.

A good thing.. at least while it lasts.



Not wanting to be denigrating but could be part of the reason that you are still even thinking about having to stack when you are in your mid-60s as if stacking were to even matter... .. including the fact that there could have likely been more aggressive stacking earlier on..

but hey, you gotta do what you gotta do..   each person has a different situation.


For sure you have to compete against yourself in terms of what seems to be practical and prudent for you.


Well then you won't be able to stack at all... so merely stacking .05BTC per month does not seem very aggressive.. but hey what do I know about you and your situation.. ?


The formula for buying and selling is not that much different in terms of wanting to error on the side of stacking sats fairly aggressively until you are quite overallocated, reach fuck you status or something in which you clearly have fuck you status in the sights... so yeah, you do have to sell some BTC if you are mining.. but still gotta be careful NOT to oversell.

Explanation

You and your partners have done very well. Going from 36 to 1700 is pretty awesome.

I would like to start a mining business myself, but there is no way in my country to get power cheap enough. When I get a rural property I will reconsider it if it is economic to run off solar in my location.

...

JJG #593636

Yeah, well, I am not the most articulate at times.  You are correct that I have never been anywhere close to All-Inn on BTC.  I would never be All-Inn on any asset.  Even the Apex Asset, because I do not know what will happen.  When BTC price runs up so fast, as it does from time-to-time, I have a self-imposed duty to slice off small parts of my BTC stack, BTC could go to $0 and I would still be WAY ahead.

Re other your other comments on my post, I was just demonstrating that I would be a terrible trader, my (short-term) timing is terrible.  I tell people who know me that they could make money taking the other side of any trades I make.

JJG, you (and various others here) have added value to my life, by passing along wisdom and great info (as did Bob re pointing me to Gemini).  Please, all my brothers & sisters here, do not get the impression that I am in any way anti-Bitcoin, most assuredly not.  I am thankful to you all for your aid in helping me attain stronger financial independence.  

Evidently my thinking is very different than most have here at W.O.

*   *   *

I ran into a couple of interesting articles by Alexandar Svetski via https://bitbo.io, a nice site that offers links to Bitcoin Magazine articles.  The below two discuss how Bitcoin Maximalists are doing huge favors to our community:

https://bitcoinmagazine.com/culture/how-toxic-bitcoiners-are-protecting-ideals

https://bitcoinmagazine.com/culture/bitcoiners-are-the-remnant

I am quite sympathetic to Bitcoin Maximalism, it's just that I am not there (I do eschew schnittcoins though), I do accept that most here at W.O. are way ahead of me in Bitcoin knowledge, and that's as it should be.  I don't mine, I don't program, I did not even start with BTC until ~2014.

Svetski discusses the notion that Bitcoiners are a "Remnant", in that the Remnant is forming a core of HODLers that will eventually bring in the Masses.  Svetski sees NO NEED to try and convince others to buy Bitcoin.  The Masses will come of their volition in due course.  Svetski also shows that members of the Remnant expect the best from their friends, and offer their best to them as well -- something I do see here at W.O.

Of special interest to me was his observation that members of the Remnant will find each other, once again in due course.  In my own case, I found many Remnant members HERE at W.O. in my own rambles about the Internet (researching BTC).  I was not dragged here..., the Remnant found me.

Svetski seems to be onto something.  Highly recommended.

Hey ChartBuddy!  The breaking of an ATH is a formal affair; you'd better dress up for the occasion.



avatar-sized

Explanation

Good for you!!! Don't listen to these "BagHoldersForLifeShills!".     

Last time it was $63-64K..... I sold as well and bought me some Doge & other dog meme coins.

But I knew last time it had to be a big correction. This time the correction will be max at $52K. If it dips at $54K I think u can safely catch that price, if it doesn't go up now too much or too fast. But to be honest, I don't see it going too much over 70K in October. Maybe next month, but after the correction at $52K < > $55K (depending on how high it goes.).     

Bingo. Exactly this. I have a good power deal. I am nowhere near capacity and I expand the mine buying gear as dca.

I buy on credit when coins dip like the 30 k drop in the summer.

When coins go up 40k 50k 60k I sell some btc.

This mine started with four s9s in dec 2018. that is 36th.

on the btc side it is now over 1700th (4 people in on it)

since we do not talk shit coins I won’t say the amount of  gpus and the L3+ ‘s

But we have quite a few.

We would not be growing the farm without plowing back some coin.

Since times are good I sell some coin to pay the credit off and also get some gear with out credit.

Explanation

Already $61.5k+ stay now as soon as $70k+ very short time.

It seems some people don't understand you're running a business here. Hard to expand the business if you don't spend some revenue on increasing infrastructure. And if you didn't expand, your stack would be much smaller than it is now.

Bitcoin is Rocking, next likely Target is 67K.