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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 4 (5.9%)
$20,000-$49,999 - 12 (17.6%)
$50,000-$99,999 - 20 (29.4%)
$100,000-$149,999 - 11 (16.2%)
$150,000-$199,999 - 6 (8.8%)
$200,000-$249,999 - 4 (5.9%)
$250,000-$299,999 - 1 (1.5%)
$300,000-$350,000 - 1 (1.5%)
>$350,000 - 9 (13.2%)
Total Voters: 68

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21499514 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (138 posts by 32 users deleted.)
JayJuanGee
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December 10, 2019, 06:58:48 PM
Merited by suchmoon (7), bitserve (1)

^Agreed.

This "stability" is nerve wrecking btw.

You must be so relieved, though, bitserve.

Remember the good ole days when you were so capitulating-inclined (like last year around this time, and might have already started in September or October of 2018?... I am too lazy to look it up).

I get the sense that your spirits are UP, even if you might be reluctant to admit it.   Tongue Tongue


 Cheesy Cheesy Cheesy

Not reluctant at all. IIRC I was relieved "enough" when BTC climbed over $5K (not only because of the price, but the strenght and dynamics of the bounce) which is when I removed my "capitulation" status.

Yep..  That bounce from April to June was quite lovely, and really should have demonstrated the powers of BTC.  Even if the price corrects all the way back down to the bouncing off level, there remains significant meaning in BTC price moves like that - even if there were some aspects of manipulation contained therein, too.

Just like a lot of misinformation in bitcoin, there are quite a few folks who still want to frame the April to June price rise as either insignificantly important or even as a negative.  Sure, not going to stop those kinds of selective renditions, and in that regard, each of us have to come to our own conclusions regarding events like that and the significance of such events like that.

Oh, and by the way, another lovely aspect of the April to June Bitcoin price rise was that it largely served as a shitcoin purging event.  Surely some of the shitcoins had gotten some of their value back, but the whole situation demonstrated an alternative means to purge a few more snot-nosed 14 year olds out of their delusions regarding the power of fundamentals contained in king daddy.



So yeah, my spirit is somewhat up when it comes to Bitcoin (IRL issues aside). Far from euphoric though... if you ever notice me too much euphoric please remind me to sell some this time (in case I "forget" to do it... again).

Surely hard to get euphoric during a significant correction period, that's for sure.

I understand that you want to be shaken in some kind of way during these outrageous BTC price outbursts to shave a bit of coin off the top, but I think what happens is that somewhere in the middle of the process of BTC's price going up stupendously in a short period of time, euphoria turns into paralysis, and the only folks who are not paralyzed are the no coiners and the sold too early coiners who are proclaiming bubble but shown wrong by the facts (until they aren't, then they are proclaiming I told you so, even though they started calling bubble at $6k, for example).

The HODLers, as you suggest, are also concerned about "this is not going to end well" but their (our) mouths are so gapingly open that we don't know when exactly to hit the sell button (at least to shave off a bit of profits, or repurchasing dry powder).



I am not very happy that, unlike during the 2014-2015 bear market, my BTC count has barely increased this time but I'll have to live with that.

I am probably in a similar boat as you, at least in terms of how many stats I was able to stack up during the past couple of years and considering projections of value including ways in which I have allocated and reallocated my BTC, my fiat related BTC fund and other assets.  I just looked at my apparent BTC balance and fiat holdings as of early November 2017 (when the BTC price was about the same as it is now), and gosh I was a bit shocked by some aspects of my own situation. It's almost as if I could frame my whole matter in such a way that would conclude that I have been spinning my wheels the whole time, but I am thinking that some of my own consideration of the matter has to do with my having had way more incentive to stack sats in a building and accumulation kind of way in the earlier days of my BTC investment, which would have been largely what was taking place in 2014/15 as compared to now.  Even in late 2017, I was likely transitioning somewhat from accumulation to maintenance - at least in the sense that I was disinclined to inject more new money into BTC rather than just using money that was already in my system of accounting for BTC value (which is fiat that was already dedicated to BTC).

I recall that you had some real life expenses that had reduced your ability to allocate more into BTC, but still doesn't it seem, somewhat, that any of us are going to be a lot less reluctant to inject new money into BTC when our BTC holdings are anywhere in the 2x to 15x profits arena, as compared to when we were either breaking even or that we were in a negative equity situation, which was largely my situation in 2014/15 as compared to current and recent BTC holdings evaluations.


Also I am still fearful that so much expectation from so many people about the halving could not result in the expected outcome

For sure we have to prepare for any scenario, whether up or down, but shit are you really going to NOT be in profits if BTC were merely to perform up to $15k rather than going to $50k or $100k or even to $500k?  I would think that you are still quite in profits, even if you might not have become as rich as hoped.  In any event, all of us should be considering if we believe that there are some better places to put our money if we believe that the risk / reward and potential for upside might be better than bitcoin, and surely I am NOT really seeing anything, especially something that I can play around incrementally with the level of my investment and not be subject to various aspects of centralization (third party risk of fucking around with aspects of my investment from the inside).  

Even investments like gold or real estate might be tangible assets, but their markets are affected by dollar manipulations, and of course, if you want to chose a nice place for yourself to live that might be a good investment for yourself, personally, even if it is not very liquid, it sure the hell is practical if it's price becomes subject to manipulation of money availability and other market dynamics that are not always known.. so maybe in some ways similar to bitcoin, but with differing assessments regarding the fundamentals including considering new market versus traditional market, including information asymmetry, which those of us who have been into bitcoin for a decently long period of time seem to enjoy a lot of the information asymmetry in our favor... and we will likely profit from folks coming in who have no damned clue and are learning a lot of the aspects of bitcoin that we largely already learned along the way of our historically actively investing into it.  One thing learning on the sidelines versus being an active BTC HODLer.

and when I see "predictions" for the next 2-5 years like $50K, $100K and over I get nervous. Well, we will see. Whatever it has to be, just let it be. I will just HODL (and try to sell *some* when the time price comes).

Exactly!!!!  What else can you do?  Of course, you don't want to become overly exuberant and risk too much on something that might not happen, yet there are people suggesting to go 100% in and all that kind of bullshit, and even if we believe that the odds of $50k or $100k or whatever are decently high, the evaluations that come even close to 100% seem to be fantasylandia thinking from my opinion, and even assigning values of 80% or higher seem way too damned high.. but there are likely some guys (and perhaps gal) in this thread who are assessing odds at those kinds of levels.. .. but whatever, it takes all kinds of people to make the world go round, and I have a tendency to believe that if guys (and gal) invest in accordance to their beliefs then the ones with the irrational and stupid ass over-exuberant beliefs are going to get weeded out sooner or later.  They might not get weeded out on this particular bet, but if they are overly exuberant in compared to their bitcoin holdings, they are likely engaging in a pattern of behavior that sooner or later is going to cause them to either learn a lesson or to be parted with whatever money they happen to have.    Cheesy Cheesy Cheesy Cheesy
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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December 10, 2019, 07:25:36 PM

I was somewhat inactive during the period 2014-2015 but it is my impression that there were more doom and gloom in comparison to this period. [..]

I concur. Expect for a few desperate moments after the drop to $3,xxx, it has been a cozy winter ride so far.

Can’t say the same for Alts  Shocked


Agree. There is relatively more optimism around, plus price starts from a higher base. It needs a huge amount more fiat buying to move the price similar %.

I feel there is plenty more room for downside in the next year, but anything is possible.
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December 10, 2019, 07:31:15 PM

This is not fine

 Each to his own Smiley


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December 10, 2019, 07:38:19 PM

This is not fine

Meh, not remotely worried. Show me sub $5,000 before I start to panic. Even then I’d spend 5 figures (GBP) on a load more coins.


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December 10, 2019, 07:38:32 PM

Everything is working exactly as it should be. Boring stability in the price, very low volatility 6 months from the halving. Hope you’re all continuing to buy every sat you can whilst we’re in this boring price period.

I’m really looking forward to the next 2 years, it’s going to be really interesting to see where we go (moon most likely).


Its really not that far away but people are just to impatient.
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December 10, 2019, 08:00:07 PM

They promised us an X-mass price.....

The bastards are building the Death Star https://www.youtube.com/watch?v=3dW549Ohkxo

Thanks for that link.  I was surprised how well put together it is.
Also confirms my suspicions about Kelly Loeffler's intentions.  Seems like money and power almost guarantee a shady as fuck future.

Thanks for the Merit 👍, Yeah! shady is an understatement Roll Eyes, looks like they want to appear too increase the 21,000,000 Bitcoin limit
with their Beyond Bitcoin BS.   

The level of purported "insiderness" that goes to the core of bitcoin itself seems to be a bit much, yet I am surely not opposed to attempts to reveal the various kinds of connections that might be going on behind the scenes and also the need for any scrutiny of actual bitcoin software code that might get introduced. 

I actually am not surprised that BIG players are attempting to engage in whatever levels of manipulation that they can get away with including supply manipulation attempts, that may or may not end up biting them in the ass if the market turns against them (to the extent that they might not control the bitcoin market as much as they are attempting to proclaim).  Time will tell, I suppose, in regards to the extent that BIG financial players and governments are going to be successful in terms of both manipulation of Bitcoin's price value proposition and also whether BIG players are also able to take away from how bitcoin still does seem to provide empowerment avenues to some people who want to hold it and to use it in various kinds of value control and transfer kinds of ways (of course, with any value storage and transfer mechanism HODLers are going to want to asset to sufficiently hold its value during the period of HODLing it, whether used for short term transactions or longer term storage/insurance/hedging).
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December 10, 2019, 08:18:40 PM

Massive discount incoming. The final capitulation. 800 dollar down candle, maybe more.
Blood sweat toil tears pain grief piss poo vom, you name it.
Then we head up to forever.
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When over $9000?


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December 10, 2019, 08:25:32 PM

We're fine as long as we stay above $6k.
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December 10, 2019, 08:31:20 PM
Merited by LFC_Bitcoin (2), ivomm (1)

Massive discount incoming. The final capitulation. 800 dollar down candle, maybe more.
Blood sweat toil tears pain grief piss poo vom, you name it.
Then we head up to forever.

Feed me cheap coins. Waiting for sub $7,000 & then I’m going to make a whale move & buy another 0.1BTC.
This market will feel the tremors of my massive buy Wink
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December 10, 2019, 08:39:19 PM

This is not fine

Meh, not remotely worried. Show me sub $5,000 before I start to panic. Even then I’d spend 5 figures (GBP) on a load more coins.
Not panicking just want $100000 BTC now

Me too.


Still don't get this sentiment, people wanting a higher price already. Surely people want as long as possible in order to accumulate? Dollar cost averaging? I agree that no ATH by 2022 would be a concern, as would dropping below $5k (arguably) but for me more $4 and we'd be in trouble. We'd all be able to get a lot of BTC if there wasn't an all time high until 2021/2022 that's for sure. This tells me we still need to go lower and consolidate for longer, sentiment is still in "impatient bull" mode.
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December 10, 2019, 08:40:10 PM

Lambie is busy preparing bargain boyz memes
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$100,000 BTC in one hour🍄💊


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December 10, 2019, 08:46:07 PM


Love it . Thanks oh hat master
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December 10, 2019, 08:47:22 PM

Lambie is busy preparing bargain boyz memes

Who’s Lambie?
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December 10, 2019, 08:55:32 PM

Massive discount incoming. The final capitulation. 800 dollar down candle, maybe more.
Blood sweat toil tears pain grief piss poo vom, you name it.
Then we head up to forever.

Feed me cheap coins. Waiting for sub $7,000 & then I’m going to make a whale move & buy another 0.1BTC.
This market will feel the tremors of my massive buy Wink
Good decision! Now there is an accumulation zone, I think that we can safely buy now, since we will "collect" liquidity at approximately this level.
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December 10, 2019, 08:57:56 PM

Lambie is busy preparing bargain boyz memes

Who’s Lambie?

NotLambChop

Big troll from the last bear market, used to post so, so much shit. Once posted like 200 posts in a row of old men sucking each others cocks. It was pages & pages long!

I think that’s who he’s talking about?
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December 10, 2019, 08:59:05 PM

^
Naaaah he’s talking about Lambie slayer  Grin
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December 10, 2019, 08:59:41 PM

^
Naaaah he’s talking about Lambie slayer  Grin

Sheeeiittt

You would have hated that troll, worse than r0ach!
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December 10, 2019, 09:01:00 PM
Merited by xhomerx10 (2), VB1001 (2)

Got the artwork for my pin/cufflinks/etc based on XhomerX's design of my crest today.

I wanted it 15 mm high, but the smallest they could do was 19mm.
Some changes need to be done, the trigger must be attached to the crossbow and the scale is not perfect, and the frame should be protruding, not recessed.



Here's the final artwork



And below is another artist's rendering of the whole thing including helmet etc.

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December 10, 2019, 09:12:47 PM

Nice Chart, Bitcoin Price History....

Quote
Prices of December 10th


Source: https://twitter.com/ChartsBtc/status/1204498427674939393
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December 10, 2019, 09:22:31 PM
Merited by vapourminer (1), xhomerx10 (1), infofront (1), BobLawblaw (1)



JFC JJG!!!

How do you expect me to reply to this if for *each* of my lines you post several paragraphs and all with intermixed quotes to further complicate any followup?!


Anyway it would be ungrateful on my part to not recognise your effort and good intention... Also for the most part, I do agree with the whole essence of what you posted there... which is a LOT! lol
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