Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by tiCeR (1)
man i wish this all time high thingie hurries up and happens, i need to sleep tonight
I was asleep when it happened, I had already done an allnighter the previous night I couldn't do 2 in a row.The reason I didn't sleep before is that I'm rethinking my short term plans in light of this price action...
Waking up at night to take a piss
3 choppers passed
And no I’m not dreaming
I guess this is the experience you will be having soon 3 choppers passed
And no I’m not dreaming
Having choppers every $1k upward movement may start to feel a wee bit nutso.. and at some point the increment is going to need to expand.
The mempool has started creeping up a bit over the last week. This is pretty typical after a price increase as people move coins to exchanges. Elevated levels of interest I’m sure play a role as well. The ETFs are running the show right now, otherwise I would say we’ll see some consolidation and a return to a falling mempool before another big leg up. We’ll see though. ETFs are back sucking up BTC in 6 more hours.
In case you didn't notice, tomorrow it's D-Day for Blackrock's first Shitcoin Spot ETF at the SEC.When i watch the BTC/ETH creeping upwards slowly, i guess some speculative folks are trying to get a share of ETH from part of their BTC in anticipation of a stronger move, following whichever statement from the SEC. If the SEC decides against the ETF, which i think is quite likely, those people will lose quite some amount of their BTC stack, when Ether goes down after the (imo, good) news. Some will be waiting for a sell-the-news event in case of positive confirmation etc. you know the story.
I have my doubts that any Ethereum Spot ETF is going to get approved this year.. but who knows? Never say never.
4k was exactly 4 years ago...
Time flies when you are having fun.The last 4 years have been pretty good, relatively speaking, especially for any of us who had been in bitcoin and/or mostly established our position prior to 4 years ago.
On the other hand, anyone who might have had established their position at the top of the 2017 market and did not buy more BTC, those guys might have had suffered a bit in 2022, but if they continued to buy the whole time since 2017, they would be sitting quite pretty right now.
Even if a person from 2017 ONLY invested $100 per week over the last 7 years, he would have had invested right around $36,600 and he would have had accumulated right around 4.4623 bitcoin (currently valued at $306k, so profits on paper currently nearly 8.5x in profits). Who's going to be complaining about those kinds of numbers for the BTC accumulator/HODLer?
Though I can't accumulate more as you all but I hope in 20 years time I will be like you old folks speaking about bitcoin and I guess others will also view me as an earlier investor then
Well, your forum registration date is a year and a half, so there could be some possibilities that you could have come into bitcoin swinging and even front loaded your investment - but yeah, even with that, it would likely still be difficult to catch up to the earlier investors - which might be part of the legitimacy of the statement that "time in the market" is better than "timing the market."
So, you can choose your level of aggressiveness, and maybe it won't take 20 years for you to start to feel like an OG. Many of us had started to feel somewhat like an OG after making it through 1 whole bitcoin cycle - and the more that you focus on BTC and don't get distracted by bullshit, then likely the better progress that you would be able to make within your own parameters.
Another thing is that you are likely your own best competitor in terms of figuring out ways to compete against yourself in terms of figuring out ways to help to make your own situation better without overly damaging yourself along the way.
Here we go.....
nicei went to sleep last night and the price stalled. so today i will endeavor to put in long hours of hard work watching number goes up
I could think of worse things to do.
By the way, with current BTC price action, we might get knocked back down into don't wake me up zone. Not that I am predicting it.. but you can never really know about these kinds of surprise packages, somewhat illiquid exchanges and also desires to try to shake as many newbies from their corn as possible.. since it tends to be the newbies that don't recognize the value of the thingie that they hold.
Go figure.