Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 83. (Read 26710639 times)
December 18, 2024, 05:46:31 PM
We didn’t get the strong bounce off the volume spike like I’d hoped we would see. First time the market has shown any real weakness in some time. It remains to be seen if we’ll stay above $100K. It certainly seems like the market wants to dip below it to see what kind of support is on the other side.
December 18, 2024, 05:40:33 PM
honey badger 🦡 was distracted by ms honey 🍯 badger 🦡. He will be back on track. Soon 🔜 112k
December 18, 2024, 05:37:06 PM
Strong hands, Wall Observers!
👊🏻👊🏻
@BTC_Archive
This pullback is pretty normal for Bitcoin.
We've had 8 of them since October.
If you are new to Bitcoin:
The price of huge gains is huge volatility.
If you can HODL and wait, you will win.
🙌💎🙌
https://x.com/btc_archive/status/1869499924766916757
👊🏻👊🏻
@BTC_Archive
This pullback is pretty normal for Bitcoin.
We've had 8 of them since October.
If you are new to Bitcoin:
The price of huge gains is huge volatility.
If you can HODL and wait, you will win.
🙌💎🙌
https://x.com/btc_archive/status/1869499924766916757
Another good chance accumulate some sat to our bags..
This returning effects could be massive. Who knows, we would gain momentum to breakout $110k and $120k. The pullback gives more strength to the market to stand in a more fast rising lane.
Of course Hodling is the best option!
December 18, 2024, 05:20:45 PM
Strong hands, Wall Observers!
👊🏻👊🏻
@BTC_Archive
This pullback is pretty normal for Bitcoin.
We've had 8 of them since October.
If you are new to Bitcoin:
The price of huge gains is huge volatility.
If you can HODL and wait, you will win.
🙌💎🙌
https://x.com/btc_archive/status/1869499924766916757
👊🏻👊🏻
@BTC_Archive
This pullback is pretty normal for Bitcoin.
We've had 8 of them since October.
If you are new to Bitcoin:
The price of huge gains is huge volatility.
If you can HODL and wait, you will win.
🙌💎🙌
https://x.com/btc_archive/status/1869499924766916757
December 18, 2024, 05:11:00 PM
Holy shit just found out a buddy of mine died Nov 3rd, the weird thing is he was a insane trumper and has been frothing at the mouth the last 4 years and he literally died the day after his dream came true.
Sorry for a somewhat OCD remark, but election was on Nov 5...so...he did not live to see the day, not sure if it is good or bad..RIP.
This is so sad anyway.. R.I.P to him, take heart bud.
December 18, 2024, 05:01:13 PM
December 18, 2024, 04:31:43 PM
Powell said, ‘We’re not allowed to own Bitcoin. The Federal Reserve says what we can own and we’re not looking for a law change. That’s the kind of thing for Congress to consider but we are not looking for a law change at the Fed.’
So what he actually means is that under the current administration, there is no law that allows the Government/Federal Reserve to own Bitcoin. Obviously that could and possibly will change under a much more cryptocurrency friendly Trump administration.
His job was to Cut interest rate and give excuse why it could be paused in the future.
December 18, 2024, 04:01:44 PM
Holy shit just found out a buddy of mine died Nov 3rd, the weird thing is he was a insane trumper and has been frothing at the mouth the last 4 years and he literally died the day after his dream came true.
Sorry for a somewhat OCD remark, but election was on Nov 5...so...he did not live to see the day, not sure if it is good or bad..RIP.
December 18, 2024, 04:01:17 PM
December 18, 2024, 04:00:51 PM
Those who remember the rides of the past: Have fun! 
December 18, 2024, 03:56:58 PM
HOLDDDD
Tsk tsk, you misspelled HODL.
True . I already fixed it
December 18, 2024, 03:55:36 PM
HOLDDDD
Tsk tsk, you misspelled HODL.
December 18, 2024, 03:54:39 PM
HODDDDLLL
December 18, 2024, 03:53:39 PM
Now this could be a perfect Saylor moment, sweeping up sweet corn at a seasonal discount.
Mikey...! Mikeyy come on, dinner is readyyyyyy....
Mikey...! Mikeyy come on, dinner is readyyyyyy....
December 18, 2024, 03:52:52 PM
https://breakingthenews.net/Article/Powell-says-Fed-won't-seek-to-change-Bitcoin-law/63255593#:~:text=United%20States%20Federal%20Reserve%20Chair,seeking%20to%20change%20the%20law.
So Banks aren't allowed to own Bitcoin as reserve and ain't planning on changing that - Powell.
I guess hence the dip
Not to mention many already been sure of a cut, so knowing it was a close call and there may be pause on cut made many react negatively to the news.
Everything should be back in order soon.
So Banks aren't allowed to own Bitcoin as reserve and ain't planning on changing that - Powell.
I guess hence the dip
Not to mention many already been sure of a cut, so knowing it was a close call and there may be pause on cut made many react negatively to the news.
Everything should be back in order soon.
Powell said, ‘We’re not allowed to own Bitcoin. The Federal Reserve says what we can own and we’re not looking for a law change. That’s the kind of thing for Congress to consider but we are not looking for a law change at the Fed.’
So what he actually means is that under the current administration, there is no law that allows the Government/Federal Reserve to own Bitcoin. Obviously that could and possibly will change under a much more cryptocurrency friendly Trump administration.
But don’t let that stop lettuce hands from selling their Bitcoin. Some people are such losers and don’t deserve what is coming next year.
Nothing to see here, just a flush out of weak hands and over leveraged longs.
Video of Powell’s response - https://x.com/vivek4real_/status/1869475578853970044
December 18, 2024, 03:49:58 PM
Ouch!
Where is that old cartoon where bitcoin crashes to 100k?
Where is that old cartoon where bitcoin crashes to 100k?
December 18, 2024, 03:42:28 PM
https://breakingthenews.net/Article/Powell-says-Fed-won't-seek-to-change-Bitcoin-law/63255593#:~:text=United%20States%20Federal%20Reserve%20Chair,seeking%20to%20change%20the%20law.
So Banks aren't allowed to own Bitcoin as reserve and ain't planning on changing that - Powell.
I guess hence the dip
Not to mention many already been sure of a cut, so knowing it was a close call and there may be pause on cut made many react negatively to the news.
Everything should be back in order soon.
So Banks aren't allowed to own Bitcoin as reserve and ain't planning on changing that - Powell.
I guess hence the dip
Not to mention many already been sure of a cut, so knowing it was a close call and there may be pause on cut made many react negatively to the news.
Everything should be back in order soon.
December 18, 2024, 03:32:37 PM
I hereby confess that today I sodled some at 105k+
As I'm bad at timing the market, we will probably go up soon...
Since 2016 I haven't sold anything from my stash... only forks and airdrops..
This is my way of celebrating the 100k mark ... there won't be any 100k parties anyways
0.1% of my stash turned into fiat... enough for ramen + egg for the next week!
Thank you Badger King !
As I'm bad at timing the market, we will probably go up soon...
Since 2016 I haven't sold anything from my stash... only forks and airdrops..
This is my way of celebrating the 100k mark ... there won't be any 100k parties anyways
0.1% of my stash turned into fiat... enough for ramen + egg for the next week!
Thank you Badger King !
You did the right thing. "Timing the market" often ends in losses, it's really best to sell on the way up, but be aware that if you sell more than you just need at the moment, you could well recover your stash with the extra money within the next bear market.
EDIT: You guys may notice me posting more frequently again, since my actual daytime job is finished until February or so. It was very exhausting bc of tight deadlines but quite profitable, so i luckily don't have to sell Satoshis for a living.
That's really tempting, indeed. If I sell double the amount I can buy back everything at a 50% drop. Triple the amount, buyback at 33% drop and so on.
However I have also had the experience selling too much with the market going up afterwards and never coming down again.
That's still quite a trauma for me. The safe bet is probably the "only sell when you must" way. But your stash will decrease over time.. so yes, it's tempting !
I would never begrudge someone who is selling to improve their life and 0.1% is NOTHING in the big picture.
Sadly, I cannot really sell anything rn because that would really bump up my taxes for the year.
Similarly, to @LFC and others, i have current plans to sell some proportion (definitely less than 20%, most likely 10% and maybe much less still) sometime next year.
I am very much confused about the optimal price, though, as there are two conflicting streams of data pointing to the alternative scenarios next year.
On the surface, it should be all positive in 2025, but it rarely works out this way.
Most likely will sell if I find some desirable property to acquire. Not going to mess up with rentals...if I would buy, it would be just for my family.
yes, there will be wash-out events, on the way up whenever that might be. When you have the feeling that price action has almost ripped off your face it's maybe time to prepare for a bear market..
December 18, 2024, 03:31:55 PM
~
It might touch 99k December 18, 2024, 03:16:42 PM
There’s that correction we’ve been waiting for. A good amount of volume as the market hits recent lows. I think we could see a reversal here. I’m just along for the ride at this point but it sure seems like the market is setting a bear trap to catch a lot of people with shorts who expected a dip below $100K.
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