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

[MMysterious]

You realize that statements like these are really conservative, and very long term bearish about bitcoin... which causes me to conclude that you have some lack of appreciation for bitcoin's potential upside.

I do agree with you that the higher the expected future price, the lower the probability that it is going to happen, but  it seems to me that when you use words like "ever" in your prediction, you are attempting to predict too many legs in a chain of future events that you have to be nearly completely speculating about since it is nearly impossible to accurately predict more than a few legs into the future at a time... and the further out you go the more any prediction is going to be based on a lot of factors currently unknown.

Hopefully your bearishness is not rubbing too much off into me...  

+1 WOsMerit

I entirely agree with you !

50% is the probability I am assigning. 'Ever' is not a prediction, just a part of one of the possibilities.

Of course, I omitted to say that another scenario (part of the other 50% if you like), is that $100k is achieved before 2022.

All these numbers and time frames are speculation, yes, and subject to evolving circumstance. That is what this thread is for.

Hopefully I can present ideas that give others food for thought, and also prevent ppl from making errors in trading by being too myopic. My apparent bearishness is only a comparitive with general bullishness, and the greatest mistake IMO would be too become too mentally committed to a bullish outlook (and thus disillusionment) when we are merely in a long bear market, which will eventually turn round.

Low predictions of $2-3k are merely realistic scenarios, and are helping to avoid the mental pain of HODling in a downtrand.

+1 WOsMerit

Doomsayers are usually the ones who dumped their stash and wanting you to do the same so they can buy from a lower price. Don't listen to them. Buy the fucking dip and hold.

I've played that game before and got burned because of a bull run.

Don't be a sucker. Be on the safe side.

If you haven't sold from 15k+ or even 10k+... why even bother now?

+1 WOsMerit

for all last pages  

but offcourse thats beautifull all can have there own opinion , but seems to be the case when we go down all say negative and when its bull rally ,nothing can't stand in the way of the higher prices    


my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....


for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

+1 WOsMerit

Price evolution from here...

+1 WOsMerit

I disagree however. To much dip for the rest of this year and by 2022 lambo talk will seem cheap around here as we all will be drooling over BFR's and the first humans to set foot upon Mars.

Tokyo2020 is coming for you and your bitcoin..  Be ready and have your bags packed.

----------------------------

BetterHash Aims to Increase Bitcoin Mining Decentralization



https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/

+1 WOsMerit

This Corallo guy is no dummy.Quite interesting, and very promising if it gets in use! BetterHash would also make easier to create new "anarchist" pools, where the main operator does get a commission, but without the ability to influence the individual miners' "political" choices.

I'd like to hear what miners (or ex miners) think about the likeliness of this new protocol to replace Stratum.

 
This is good stuff here, thanks.  Probably should all be taking a closer look at this.
 

-----------
Bitcoin

Good morning all.
Short term trend lines reaching for $6.88k  Indicators are relaxing and seem to be showing some upwards potential for today. Still expecting a retest of support levels sometime late Wednesday, early Thursday however.
This is gut check time..   Do you think bitcoin is over or under priced? I know mine feel undervalued right now. #dyor
1h

D

What a beautiful art. StochRSI says it is oversold. There is no any other way of escape but upwards. Otherwise wifey kills me.😁

[1685792205]

1685792205

[1685792205]

1685792205

[1685792205]

1685792205

[RayX12]

Matters little what I think.
Matters most what whales do!
Hodl for a few years is all I can do!
 

[realr0ach]

Whenever someone mentions the price might not go up, this thread is like a bunch of Jews when someone mentions 6 million people did not get turned into lamp shades or soap.

[Elwar]

Meanwhile...for all those selling...

[realr0ach]

Meanwhile...for all those selling...

https://i2.wp.com/bitcoingirlthailand.com/wp-content/uploads/2018/06/mine.png

This cartoon will be known as the Elwar fallacy - the absurdly improbable idea that shitcoiners will hoard imaginary, valueless tokens and then force the bankers to buy them; just dumping them all on their faces and riding off into the sunset with the title to Jamie Dimon's yacht that he used as collateral to purchase 1 shitcoin.

[Ludwig Von]

Looks like the dump express is running out of ammo. Someone is putting real buying walls in the Eurozone of Stamp. The first one of 50 something was eaten and then he put new ones around 5700€ and twice so far the dump was rebounded.

In a previous post I tried to insert an image from wikipedia, but that does not appear?

[Bitcoinaire]

Down REEEEEEEEEEEEEEEEE

[Last of the V8s]

all the 6's makes me sick

[Toxic2040]

Looks like the dump express is running out of ammo. Someone is putting real buying walls in the Eurozone of Stamp. The first one of 50 something was eaten and then he put new ones around 5700€ and twice so far the dump was rebounded.

In a previous post I tried to insert an image from wikipedia, but that does not appear?

you can insert a url..but to have the image "seen" here you have to use a host. I like imgur myself but ymmv.

Code:

[img]your.url.img.com.biz.whatever[/img]

 Bracketed with the img tags.

you then can resize that image by adding "width=600" to the first bracket

Code:

[img width=600]

where the =number adjusts the size.

Meh..hope this makes sense.
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That felt like a decent bump against the bottom didnt it?

all the 6's makes me sick

Now you did it..    We will have to test $6666.66 now..  

[Ludwig Von]

Thanks Toxic, will try again... .

Third attack also rebounded, but at a serious cost to the wall... . :-)

[4rt3m]

satoshi.place

[kingcolex]

Thanks Toxic, will try again... .

Third attack also rebounded, but at a serious cost to the wall... . :-)

Glad to see what a bit of a defense building up, I'm looking for the giant green candles to pop up.

[Ludwig Von]

Thanks Toxic, will try again... .

Third attack also rebounded, but at a serious cost to the wall... . :-)

Glad to see what a bit of a defense building up, I'm looking for the giant green candles to pop up.

Too late, just eaten, skin & hair and all... . 

[kingcolex]

Thanks Toxic, will try again... .

Third attack also rebounded, but at a serious cost to the wall... . :-)

Glad to see what a bit of a defense building up, I'm looking for the giant green candles to pop up.

Too late, just eaten, skin & hair and all... . 

Well fuck!  I looked at the charts and was wondering where this defense was, now I guess we just hope for a bottom to form.

[Last of the V8s]

well you've reached new lows now. it's not pretty, it's not clever and i hope you are ashamed of yourself  (edited)

[serbad]

You're on the moon already.

♬Kid Cudi – Man On The Moon

The line, it is drawn, the curse it is cast.
They must dig their own Graves. (Proof of work)
https://www.youtube.com/watch?v=e7qQ6_RV4VQ

Summit. They Sing. [submit]

[kingcolex]

new lows

Well fuck boys, this is just starting to get depressing , I'm too emotionally drained to give a fuck anymore.

[blacky90]

i dont want to live anymore 🔫

[Last of the V8s]

new lows

Well fuck boys, this is just starting to get depressing , I'm too emotionally drained to give a fuck anymore.

This is great though despite what I said. It's a nice and quick search for the bottom. No long grindy winter.

[Toxic2040]

Thanks Toxic, will try again... .

Third attack also rebounded, but at a serious cost to the wall... . :-)

Anytime. well..most times..  meh..you know what I mean.


--------------
4h


That line held up well over the last month it seems. The bold part above the candles was drawn May 11th. Unsure of what the strike rate would have been but it looks not terrible.

Sigh...

The MM at Bitfinex wants the price down more so down we are going. Wonder what hes capitulation price is..  

Next support is possibly around $6.4k    If that is broken...well..   Everything I have said is bullshit then.  Hope for the best...plan for the worst.

DO NOT SELL THOSE OF YOU ON THE EDGE. This would be the worst time..suck it up and wait until December if you have too..  Capitulation at this point would be a serious error.