Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Torque]

Like Warren Buffet says gold is trash we take from ground and put back in the ground, no worth.  However gold has performed better then his results of the last 18 years apparently.   So he missed the picture somewhere, probably a similar dynamic occurring with crypto.   It wont always be true, Buffet won the last five years vs gold.   Ditto Crypto, it wont always the hot stock hence I wouldnt buy that lambo tbh :p  or anything that silly, I'd rather put down the deposit on the house I need

Agreed. Warren also took a huge silver position one time, but then sold it off about 4 years too soon.

Ten years ago, ol' Warren also slammed Google as a good investment, claiming that he had no way to correctly valuate Google and so wasn't going to invest a dime (six years ago he put his money into IBM instead). Now ten years later, he's going around saying how badly he misjudged Google and "missed the boat." He barely got out of his IBM position without taking massive losses.

Now he is singing the praises of Apple... about a decade too late (just like he did with IBM).

It seems that with technology, ol' Warren is always "a day late and a dollar short". Will he be eating his words on Bitcoin too in 5-10 years? Only time will tell.

[Toxic2040]

Which path shall it be?
As shown by the flattening of the MACD, the market is undecided. If you look at the spacing between the Feb dip and the one towards the end of the month, you can see that it makes more sense if the wave structure is further "apart".
I personally favor the Kessel run in under twelve parsecs(fig. 1) over Red Route One(fig. 2) but thats just me.

[fragout]

Which path shall it be?
As shown by the flattening of the MACD, the market is undecided. If you look at the spacing between the Feb dip and the one towards the end of the month, you can see that it makes more sense if the wave structure is further "apart".
I personally favor the Kessel run in under twelve parsecs(fig. 1) over Red Route One(fig. 2) but thats just me.

Its an interesting price point at the moment. It was the start of the crazy back in DEC 6th. Tested in January multiple times and finally failed on the 28th. Tested again and failed Feb 20th and now testing again.

[jojo69]

B'awb

what is that on the horizon?

[cAPSLOCK]

B'awb

what is that on the horizon?

(l'ol at B'awb...  B'audiploblaw?)

[Toxic2040]

Its an interesting price point at the moment. It was the start of the crazy back in DEC 6th. Tested in January multiple times and finally failed on the 28th. Tested again and failed Feb 20th and now testing again.

Funny that you mention that..  More data. This really sharpens and connects things imo. #dyor

[JimboToronto]

Good morning Bitcoinland.

Still going sideways I see... currently $11520USD/$14942CAD (Bitcoinaverage).

I think we've had enough consolidation for now. Let's move on up.

[scum]

A smart guy buys property which has utility worth and hopefully far smaller percentage costs.

A house can cost a surprising amount of money to maintain, and this is the result if you don't keep spending money on it.



Bitcoin costs nothing to maintain. Keep hodling long enough and it will give you a good return.

[Torque]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

[Wekkel]

I can wait.

[bitserve]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

What timeframe are you talking about here? Months? Years?

[Tzupy]

A major dump could make PSAR flip to bearish in quick succession, for the 1h, 2h, 6h and 12h time frames.

[jojo69]

Torque's patented accumulation timer.

[infofront]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

But I want my Lambo noooooooooowww!

[Torque]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

What timeframe are you talking about here? Months? Years?

Could be 8 months to a year. Note that I'm not saying the price won't move up during that timeframe, but just don't expect another 5x or 10x in 3-5 months. We'd be lucky to be back to $20k by year end. A gradual +5-8%/month is probably more like it.

The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.

[vominhtri1611]

Gaining merit is too much hard, that's why they were to trying to make a tricks.

yea, gaining merit is too much hard. And to me, giving merit as if I agree or like some opinion of a post, the same point of view with me, have the content build positive, merits is not only for useful or constructive posts, becuase there will be subjective point of view based on the giver of merit, so lets just continue using forum and learn a lot, but dont put "getting merit" as your main reasons, just let it flow, merits will come later if you give your time and energy to contribute to the forum. So I hope we are learn more knowledge about bitcoin and help each other to make this forum a healthy playground for bitcoin enthusiasts and cryptocurrency.

[bitserve]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

What timeframe are you talking about here? Months? Years?

Could be 8 months to a year. Note that I'm not saying the price won't move up during that timeframe, but just don't expect another 5x or 10x in 3-5 months. We'd be lucky to be back to $20k by year end. A gradual +5-8%/month is probably more like it.

The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.

I see. Well, an average of 5% monthly increase would keep me very happy. But I see your point, that's not what we are used with Bitcoin with its periodical short term doublings on doublings and an occasional halving here and there.

It would make for a different experience... I am open to it if such were the case.

[Last of the V8s]

A major dump could make PSAR flip to bearish in quick succession, for the 1h, 2h, 6h and 12h time frames.

[Torque]

I see. Well, an average of 5% monthly increase would keep me very happy. But I see your point, that's not what we are used with Bitcoin with its periodical short term doublings on doublings and an occasional halving here and there.

It would make for a different experience... I am open to it if such were the case.

The momentum traders that heavily piled in back in Oct./Nov. '17 really distorted things in the short term. I.E., distorted the long term log growth and price/performance expectations. And something tells me that was completely intentional.

[EatonABooger]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

What timeframe are you talking about here? Months? Years?

<snip>

The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.

I am almost 99% sure it has NOT been priced in.   When we know ETF(s) are for sure, or at least one has been givin approval, it's going to get crazy.
Here is my delima:  I have 30+ years of retirement "locked up" in the company 401k.   I cannot get out of this 401k since my employer has a contract with the custodian (Fidelity).  The only way out is to quit and roll over to another custodian or do the self-directed 401k thing.

Anywho, here is the predictable scenario I see playing out....
1. ETF is approved (or enough insiders know it is approved that it becomes obvious).
2. price of BTC skyrockets ahead of the ETF offering.
3. ETF becomes available to us "working stiffs" after the huge price spike.
4. I will continually kick myself for not getting my 401 funds in a position to capitalize on the "very predictable" future.

I am so sure of this playing out, I feel the irresistable urge to either quit my employer or take the penalties and remove the 401k funds from the program.