Like I just said in my comment to lambie, above.  Bitcoin is not a mature market, and you cannot expect her to act like a mature market.  Therefore she is going to do outrageously unexpected things like this.  Part of the expected is that the unexpected is going to happen, especially towards the upside and especially since it is quite likely that we are within an exponential phase of s-curve adoption, which is part of the explanation - including increasing volatility like you suggested in both directions, but likely more often happening disproportionately to the upside.


Only if you are either not prepared for it or you are not recognizing that there are way the fuck more UPs than DOWNs, especially if we zoom out a bit... and especially if we are able to ride these babies out for 3.5 years or better yet more than 5 years.


You are likely right that we could get a bit of a disproportionate retrace, but who the fuck cares, ultimately we are going up, and I don't know why you want to attribute so much to $13,500, who cares about that?  Yeah maybe it will take a few more tries before we are able to pierce through $13,500, but in the end, we are going through $13,500 and likely $13,500 is going to be a blip in the rear view mirror on a road that is not revisited.



Long way off as in 1 year?  That's fine.  We can deal with it.  Or long way off like 2-3 years?  That does not seem too likely.

Seems that once we are approaching 2 years, especially 2 years from right now, we are going to be long into ATHs and maybe even we might be at the end of this particular bull cycle by then.  Perhaps?  Perhaps?  Perhaps we might get a bit front runned this time, who knows?  Time will tell, and these little periods of overexcited and irrational exuberance surely shows both the power of king daddy and also that we are in early days and experiencing a bit of an underlying battle... that sometimes us mere mortal regular people just have to have enough ability and foresight to HODL through such tramas and maybe even figure out ways to skim a little profits off of the nearly inbred likelihood that we are going to have ongoing volatility including sometimes extreme short period outbursts.   

By the way, the "tramas" of the outrageous period of irrational exuberance are likely to be much easier to deal with, both psychologically and financially, if you construct a kind of systematic way to attempt to take some advantage of what is already kind of expected... (which is expecting a bit of the unexpected... that has become bitcoin over its whole life time, essentially and yesterday was a bit of an extreme because bitcoin's volatility is generally seeming to go down, but surely yesterday shows that she is still easily and "normally" capable of such immature and irrational extremes).

Do you mean, becoin, that 1) some of that excess printed fiat is going to trickle into bitcoin or 2) that the excess printing of fiat is just inevitably going to cause the unwanted side effect of pumpening the more sound money, aka king daddy?

I doubt that the mere fact that bitcoin is NOT following some kind of expected pattern should be enough reason to outrightly jump to attributing that to foul play.  Bitcoin is filled with periods of both pumpening and dumpenings that don't follow patterns, even if after the fact various explanations (and sometimes oversimplified ones) are attributed to such events.

There are so many examples that it might even be the rule rather than the exception.  Do you really believe that there is any reasonable explanation for bitcoin's 3.5x price appreciation within 3 months starting on April 1 - beyond pure momentum and the fact that such snowballing of sentiment can be accomplished out of the blue?

The same with our yesterday's apparent 3rd place all time daily price appreciation of 42%.  Sometimes there can be momentum that gets out of control and there might be one or there might be a group that just happens to be on the same page, and it ends up being a so fucking what in terms of just part of the realm of things that can happen in a relatively immature market that is surely within a kind of s-curve exponential phase that might NOT be so easily to know while we are in it, but might become more apparent when we zoom out retrospectively - even when we look back 5 years from now, the explanations might become more apparent, including the mere fact that we remain in early adoption phases, and therefore patterns that might apply to a much more mature asset sometimes are not going to fit so well with our beloved king daddy.       

I hope you did not get reckt too badly in your lambie imitating roach phase...  or maybe quasi-secretly I do? especially if you had been spouting out too heavily on the bear talking points or even giving too much credence to unsubstantiated seemingly FUD spreading talking points.   

Roach!!!!!!!!!!  You sneaky fuck!!!!!


GIVE LAMBIE HIS ACCOUNT BACK!!!!!!!!!!!


 

I thought that you used to be a fairly decent fellow, and sufficiently easy enough to get along with.

You must have fallen on your head during your absence, and now you are obsessed with how supposedly wonderful you have become (and thinking that you have always been so wonderful      )  Go figure.  





Every thread needs someone as wonderful, competent, on topic and always right, such as yourself.  If we were not sure, we should just ask you in order to get confirmation.  You are like medicine, and for our own good. 

Up nearly $3k in a day (trough to peak maybe $2,900 in 10 hours) is quite amazing, even if it is coming near to retracing back $1k (retrace of about $750 so far).   

Missing Lambo?

So, you would kick her out of bed for eating crackers, then?

If all of this is true, hopefully you learned some kind of lesson from this, including not shorting bitcoin in a bull market, even if she is approaching nearly a 50% correction and the majority is saying that she is going down at least another 20% blah blah blah...

Why so patronizing and even presumptive SuperTA?  Many of us have been here a whole lot longer than you.

We are not kids here, even if we like to have fun sometimes.

Helrow?

Most of us here know what the fuck what we are doing.

Mostly the theme is to Buy and HODL.... and maybe dicker around with some other thingie ma jiggies, here and there, but buy and hodl are the staple foods.

ONLY if you are bashing on it, which largely seems to be what you were attempting to do above.

 

Whoaza!!!!!  That makes hardly no sense.    We have masses and masses of peeps who have 0% in bitcoin.  We don't go from o0% to 40%, it is just not reasonable for regular peeps.  Gotta get many peeps off of 0% first before getting to 40%.... in other words, gotta walk before running, and surely you are probably attempting to address those who are already walking, but that is not reflective of the real world of peeps who are mostly not even walking.

You sound very professional.

Almost makes me want to sell and buy back at $3k, maybe go on a vacation for a few months and come back in May or June to buy at $3k-ish.

That is one thing that is a bit different about bitcoin holders.  There are a decently large amount of them that are NOT going to dump.... and so the market has to adapt to such real bitcoin HODLer dynamic.  Sucks to be filled up too much with hopium, and I hope that you are NOT waiting for sub $2k because you are likely NOT going to be fulfilled.  You might not even be able to achieve sub $6.5k.

hahahaha

That's an interesting perspective.

I hope that you are correct.

Agreed.  Fillippone goes above and beyond duty whether in the WO thread or outside of the WO thread, including the creation of many good topics, brings up a lot of good points, and seems to research the contents of his posts fairly well, including following through and showing learning along the way, too, so Fillippone is highly qualified for such merit source status.

I did not know, either deep down on the inside or otherwise.


They haven't come yet?  Shit.


I agree that $6,500 would not be low enough to knock us out of our current bull market, unless such price levels were to drag out for a very long time, maybe a year or longer?



You are kind of gloating, lambie.  I can sense it.       

$3k would scare me, and I might even start to get a bit scared if we start to get close to $5k.

Call me a pussy.



hahahaha


No, don't.

Huh?  I don't change.  I buy BTC if the price goes down and I sell if the BTC price goes up. 

How could that kind of behavior be any kind of indicator of anything... it is largely BTC price neutral, except that I frequently will respond to dumbass troll/shills, like rebal15, so perhaps my increases or decreases in responding to dumbass troll/shills, like rebal15, could be an indication that more or fewer troll/shills, like rebal15, are out and about and gloating?

You are right!!!!!

Probably a good time to short.