Many members of the WO thread likely know about the top 100 days list that had originated in January 2013 as a top 20 days list (and only listing USD/BTC pair in the beginning), and such updating of daily average volume weighted BTC price has recently been taken over by yefi, and that thread has been providing great daily average BTC price information updates for more than 7.5 years (with some holes in the data, too), at least, in recent times, when bitcoin prices start to reach into the top 100 days pricing arena - and showing that in this latest BTC price surge USD/BTC prices have been back in the top 100 for this particular price cycle for the past eight days - reaching 59th place on August 1  with the USD/BTC pair weighted average price of $11,631 and today's weighted average USD/BTC price at $11,216.  

If you either had not known about such classic BTCtalk thread, or you had forgotten about how interesting the information contained therein might be, it is a great historical reference to glance at top-level trade volume weighted USD/BTC prices, and showing 4 other fiat/BTC pairs there, too.

I might be able to provide a bot character reference, if it goes in that direction.. not that I am attempting to enable any out for you. 

I am pretty sure that average price for the month is an important measurement if trying to weigh BTC's whole movement, including figuring out if a longer period of time (such as a whole month) is more bullish relatively speaking as compared with another previous month, and I am pretty sure that the average BTC price for the month of July 2020 would be less than $10k - because the BTC price was only above $10k for the last four days of July 2020.  

Now, August 2020 could be a different story.  We are only 4 days into this particular month, so far, and accordingly, we would not want to get overly excited, or would we?

You can look at the below linked website for the daily weighted average for each of the days in July 2020.

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv

You have to click on the link: "Load raw data" on the bottom left of the page in order to see the daily weighted average for each of the days for the past 60 days or so.



Based on my above post, and the post of Phil_S predating my post, I feel as if I had plagiarized Phil_S - even though I had not intended such.   

I personally believe that we cannot really request what BTC should do in the short to medium term, but those of us who have been HODLing for a decently long time (a few years) kind of already recognize that bitcoin is going to do whatever she is going to do.

I understand that you, LFC, are using the word "good," and it sounds as if you could be asserting "good" in a kind of prescriptive way - but there is also a descriptive interpretation of your same sentence to suggest that you are asserting that if BTC stays in this kind of $11k arena for a while, then that allows for BTC buying support to catch up (in a kind of Lindy Effect way), and surely, after the BTC price is in this area "for a month or two," then the BTC price could break out in either direction, but sometimes just staying in $11k price area for such short to medium term will likely cause it to become a bit more costly for the bears to both spend their coins to push the BTC price down and to take chances that they might NOT have enough coins (or lack of buying support from others - or negative BTC sentiment) to be able to actually push BTC prices down low enough or keep the BTC prices down long enough in order to actually be able to reacquire the coins that they had used to push the BTC price down.

I am surely not complaining... and just remembering how much time we were spending toiling in the $7k-ish price arena, and considering that frequently dipping into the $6k-ish area and wondering if $6k-ish buy support might not be able to hold.. and now those $6k-ish buy numbers and dips are feeling like a kind of fantasy price area that a lot of precoiners, fence-sitters and/or BTC accumulators, would really salivate to get some coins in something close to that same BTC price arena that we seemed to have been visiting and toying with on a regular basis in a kind of "quite strongly" feeling, just a few short months ago...

Some of us have seen seemingly similar variation of the picture play out in the BTC historical charts, and some of us have personally witnessed (experienced) such BTC price performance scenarios with similar (not going back), that sometimes is difficult for the precoiners, fence-sitters and early BTC accumulators to relate to such likely "not going back" BTC price dynamics.

There surely are some folks who are able to pull off some kind of involvement in shitcoins that ends up improving their BTC position, and sometimes they can also learn about the whole space a bit better (and some don't even get too distracted in nonsense).

I am really not too sure how I would handle such a situation, but surely allow him to provide some justification attempts, to the extent that he is ready, willing and able to share that information with you.  It could be productive kind of conversation, to the extent that you might not get frustrated with some of his shitcoin talk and then diverting too much into shitcoin pumpening talk which frequently does seem to include some parts that imply purported deficiencies in BTC.

Of course, some of the best shitcoiners know continue to make sure that they have exit strategies from their shitcoins, and sometimes they do get caught too much into shitcoins in terms of actual finances, but then if they cannot get out or they just begin to believe too much in the shitcoin projects, then it might become more and more difficult to relate to them because their mindset seems to begin to actually believe the nonsense that they are being fed, even while they proclaim that they do not really believe but they are just in for the pumpening of the shitcoin, blah blah blah.



Well, there you go.  That's part of the difficulty.

There are a bunch of eth-heads (a kind of shitcoin enthusiast that is out there in the wild) that are looking at eth's pump in the past few months, and they are excited as fuck, and that eth has not even come close to making up for its early 2019 loss relative to bitcoin... so sometimes there can be a bit of a bagholder mentality.. and also, relative to the dollar (rather than relative to BTC) they might actually be UP... which causes them feelings of hopium, too..

I am starting to feel a bit dirty by thinking about some of these shitcoin ideas.. but yeah, if we are interacting in real life, we already likely realize that there is a decent amount of draw that regular peeps are going to experience in terms of shitcoins, and some folks do end up dabbling a bit more than might be for their own good, so frequently, I will try to suggest ways that they can "limit" their shitcoin experiments, which suggestions of limiting might surely fall on deaf ears, as we both seem to have experiences in that direction... difficult to save people from themselves and difficult to really predict that they might not figure out some gambling system that might end up paying off, even in terms of increasing their BTC holdings.

Whoaza!!!!!!!!!

That's a long commitment, yefi.  




 

FTFY

Am I too bold with my above intervention into your contents, Wind_FURY?

Remember the ATH of $1,163 that lasted from late November 2014 until early 2017.  By the time august/September 2017 came, it became a bit of a fantasy, aka golden opportunity to buy BTC below $2k or $3k....

Hey, surely we did not appreciate such below $2k or $3k golden opportunity that was presented to us even in late 2017, and there were a lot of hopenings folks who predicted that they were going to be able to obtain BTC for less than $3k or even less than $2k in 2018, 2019 and even in recent times of the first half of 2020 - but doesn't it seem as if some of those hopes for sub $2k and even hopes for sub $3k coins are fading out of any kind of meaningful reality.. sure there is a chance... sure there is a chance...  but still?

Doesn't sub $3k seem like a kind of "golden opportunity", currently?

Thus, I anticipate sub $25k or sub $30k are going to be considered as quite low BTC prices by the time we reach 2025.... Of course, my anticipation regarding where the BTC price might be is far from a sure thing, and seems a bit unreal at this point as I type, but surely, if we look back historically in 2015/2016, it was a bit of a seeming unreality for some people to be speculating that $2k to $3k was going to be a future BTC price floor.  

In 2015/2016 while BTC prices were in the $200s and $300s and even while BTC prices were seemingly solidly in the triple digits, I know specific people who I had tried to direct them in regard to getting them to invest in BTC  and informing them that the BTC price would be going up to $3k to $5k range in the coming years (having looked at previous price bubbles as a kind of model pattern that was likely to repeat), and I was looked at and really talked to as if I were a fantasizing child engaging in pie in the sky thinking - and most of the peeps that I spoke with in this positive about BTC direction did not even listen to me at all and ended up doing their own thing, which was either NOT to buy any BTC or if they did buy to cash out way too much BTC, way too soon... but there was one or two action takers (I really can pinpoint only one besides myself) who actually hung onto most of the acquired coins and has become quite more better off and comfortable overall in personal finances due to such allowing the BTC investment to ride choice, as I had suggested to be the better approach to BTC.**

**By the way, historically, when I had been counseling anyone in terms of their BTC investments / allocation choices / strategies, I frequently would make sure that I assert that I am not responsible at all, for their investment choices, and they are completely responsible for their BTC investment, allocations, strategies etc.. and I give an overall overview regarding what I was doing with mine, which has been (and continues) largely just HODLing onto most of mine (using myself as a kind of role model)..

I don't know why so many BTC entrants end up valuing so much a 2x or 4x or BTC price appreciation, and they just cannot help themselves from cashing out every damned satoshi that they have and to thereafter pat themselves on the back for having had made such a short-term killing by cashing out.. blah blah blah... a repeating phenomenon.

I am glad that the essence seems to be that we somewhat mutually missed each other, and I suppose that we could leave it at that for now.

Might be able to find out whatever had floated your boat in your absence, in the event that you were to choose too disclose  details that might be informative and NOT too glaring in terms of their font choices.... hahahahaha...    So, I will maybe look out for such possible disclosures, or preferably if there were some kind of stimulating pic contained therein, that could be helpful, too?  perhaps?      #nohomo

Ok.

Surely, experiences can vary, and both you and aesma seem to be playing tighter increments and tighter spreads than me.

I do find from time to time, I will end up filling orders and the price reverses right around the same price as the price that I had set the order, which is a bit shy of the round number.  Maybe it is a 1 out of 10 scenario in which my system is successful in the last of the orders in a series of filled orders (discounting the locations where the BTC price just runs through my orders or past them and only looking at the reversal orders - the last in the series of orders). 

But still seems to be best practice to me to not be setting orders at round numbers and to set orders at some meaningful increment before the round numbers, and I started following such best practice since late 2015.. and I have both ingrained my various systems including attempting to employ best practices and also just tweaking what I do along the way to in order to learn more and more and more, . and sure sometimes it takes me some time to set buy/sell orders or to rethink or reset buy/sell orders in a way that I conclude is in harmony with my sentiments regarding what I want to do at that time in my trading life and to be approaching somewhat emotional free in terms of neutrality regarding which way the BTC price moves.. and I prefer if orders fill versus NOT filling (especially when the price gets really close to where my orders are set), even while I largely attempt to employ and structure my orders in such a way that I don't really care if they fill or not .. but if the price gets close, I prefer them to fill - if you can imagine such a seemingly contradictory balancing of preferences? and even if in the whole scheme of things setting orders before round numbers does not make much of a difference, it does seem to make some differences on the margins (and thus remains a preferable and best practice.. even if you believe that it is not worth your time... just like for the most part, I don't find it worth my time to set buy orders only a few percentages apart or using a small spread and I tend towards 5% or 10% spreads but maybe slightly smaller increments - but of course, I adjust too.. depending on some tweaks regarding if I feel that I am stacking too much in one direction or another (dollars or BTC)).

Yeah..  sure, I would rather witness Bossian for the scammer that he is, sooner rather than later.

Fuck that shithead.

It seems a wee bit retarded to go full bitcoin.

Probably you need to explain what you mean by being "100% bitcoin" a bit better?

I am starting to think that you do not have any other investment, except bitcoin, but you still have various fiat cashflow and things like that.. some kind of modified version of what mindrust was doing when he was knowingly overinvested in bitcoin.

Anyhow, not very many normie people should even attempt to go full bitcoin.. unless they might happen to have circumstances such as being young and having more than 500 coins and they don't really mind a bit of extreme volatility and they just cash out what they might need from time to time (maybe even having decent cashflow that really covers all of their expenses with an emergency fund - which hardly meets the definition of 100% bitcoin)... but even with 500 coins, many folks would have been shitting a bit when the BTC price dropped to $3k-ish in late 2018 and there was uncertainty about if the BTC was going to go down more from there.. and even shitting a bit when it hit $3,850 in March 2020, and wondering, wondering, wondering.

How the fuck do you print a Pokémon doll?  That's uncle-ly love, for reals.



You may not have received the truly - or would the correct word be "literally?" "internal" memo:   You, me and JSRAW are likely just the same peeps.  

Pray for your brother (or is it brother in law?) that he someday (before it is too late) see the light.  But to each their own and at their own pace.  Many folks want to outsmart the situation, and perhaps he will find a profitable way without losing too much along the way, perhaps.  Not everyone was made to be a bitcoiner at this particular time in the bitcon's life.

WB.... 6-ish  


Maybe not love, but still.  

Of course, should teach you to take the specifics of any BTC predictions with a decently-sized grain of salt - whether we are referring to direction or degree.

Anyone  can proclaim that bitcoin (or any other fucking  asset) has a lots of waves in it, and likely to be right more often than not... but hardly means such person is really saying anything beyond the likelihood that there are going to be a lot of waves and since the last wave went in x direction, it is likely that the next wave will go in the opposite of x.... .

Ok; so fucking what?**

**Do I come off as a bit skeptical (maybe even bitter) about sorcerers, sorcerer wannabes (except for purposeful jokes) or anyone seriously figuring out ways to assign sorcery status to someone else?


Your mentioning of astrological bodies reminds me.

Where is that smart guy,**    aka jupiter9?

**I mean loser, fucktwat

 

Say it isn't so.

You are not getting ready to jump off of a bridge yet, Bossian?


Of course not.  Scammers tend to be delusional (or at least spread their bullshit**) until the end.  

**including but not limited to revising and respinning their historical baloney statements

hahaahaha

look who the cat drug in.

Nice to see your dyslexic (and lacking of reading comprehension) lil selfie, back.  #nohomo



    Oh gawd.  Dyslexic knows about trading too?      Hory sheet.

I had to look up PITA, just to make sure that I understood the context of your apparent manufactured exasperation.

More simply put.  We can just agree to disagree on this angle.... even though I had thought that you had previously agreed on this technique... oh well, whatevers...   


Hey picnic bear!!!!!!!!   Are you arguing with me on this important point?

You are too bullish for your own good, Biodom.  




 



Definitely, must-watch hilariousness (only 45 seconds of your life).

Have you been through a bull run as a HODLers in any previously BTC price run, glowing10?

I see that you have a July 31, 2017 forum registration date ("awkward" date, no?)

It can take a lot of time, practice and persistence to really HODL through a bullrun, and my ongoing (tentatively still) impression of our current bull run is that it actually started around April 1, 2019, and it was tentatively confirmed to have had started on that date in about mid-May 2019.

Yeah, we have had some definite challenges and testing of our HODLer resolve in the past 2 years, and there surely had been a decent amount of shakening of weak hands through the past 2 years -ish.. and even speculations and beliefs from them that our two year bull run was not in progress.

In other words, corrections within a bull run can be long, deep and ultimately savage, weeding out HODLers who we had previously considered to have been strong hands.

Seems that neither of us, glowing10, are expecting any kind of smooth ride from here on out, or even the absence of continued "testing" of HODLer resolve.  Maybe you can say a bit more about background that might substantiate your resolve or your plans going forward in terms of being ready, willing and able to hold through possible tougher periods that are likely?   or at least whether you consider yourself to be in a BTC accumulator situation, a maintainer situation or maybe you have some liquidation needs in the coming year or two?

Even when I beat to death the idea with people about not setting their orders exactly at round numbers, they still do it.

But sure, I also understand that even if the orders are not exactly set at the round numbers, there will also be a bit of gravitation of orders at various BIG psychological points too, and probably even some playing around of whales and institutional investors to exacerbate an already existing condition to make the psychological price point even BIGGER than it should be.

Part of the reason too, that once we break through some of the BIG round number resistance points, the distance travelled tends to have some irrationality to it, too.

Part of the reason also, if you are still following me, why the previous ATH is quite likely to have a deadman's zone.. and in this current situation, I am still tentatively predicting it to be (and perhaps I am even being a bit too conservative on the topside of such zone) in the $17,250 to $23,500 arena..  


That's a bit of a stark contrast, AlcoHoDL, all contained within one post.