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Question: What happens next?
$45K - 20 (28.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25436153 times)
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SwayStar123
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April 25, 2021, 07:04:43 PM

The problem is that they don't allow their kids to cheat. That's child abuse.

Not allowing kids to eat meat = child abuse

Slaughtering animals = humane treatment, totally not animal abuse, see that only applies to dogs and cats
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April 25, 2021, 07:05:24 PM

OT: since people are posting temp graphs...it is a distinct possibility that we are going into a solar activity minimum, Dalton-like almost guaranteed, Maunder-like is possible. If so, temp will decrease or remain subdued for what could be 40 (Dalton-like)-70(Maunder-like) years. Hopefully, south-east TX would become a bit colder/drier  Grin.

Sun spots are pretty small, so Sun's energy output barely changes, maybe up and down 0.1 percent or so.
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April 25, 2021, 07:10:32 PM
Last edit: April 25, 2021, 07:24:29 PM by hodl_2015

Reminder: don't trust password managers...
A txt file, in a vera(true-)crypt archive is probably more secure, especially if it only contains a cryptic description or hint of the passwords. (still wouldn't use it for btc stuff)

On windows, security is an impossible to review mess anyway, with almost every application, library, driver and tool implementing it's own independent software update system.

Also: antivirus software is useless. What a surprise.
A well written polymorphic virus (with no common sequences of bytes between reproduced copies) should be undetectable with today's tools and was invented more than 20 years ago. The fact that no one makes these indicates that virus scanner take way too long to add new viruses to their database, so there is no need to make it undetectable.
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April 25, 2021, 07:22:28 PM

OT: since people are posting temp graphs...it is a distinct possibility that we are going into a solar activity minimum, Dalton-like almost guaranteed, Maunder-like is possible. If so, temp will decrease or remain subdued for what could be 40 (Dalton-like)-70(Maunder-like) years. Hopefully, south-east TX would become a bit colder/drier  Grin.

Sun spots are pretty small, so Sun's energy output barely changes, maybe up and down 0.1 percent or so.


maybe, but temp could vary by up to 1oC.

https://electroverse.net/grand-solar-minimum-and-the-swing-between-extremes/
https://en.wikipedia.org/wiki/Maunder_Minimum

Interesting from that electroverse article (posted in July 2020):
"Winter 2020-2021 is going to be brutal."
..and it was. TX froze (temp below -5oC, which did not happen since many decades ago) with electrical blackouts to boot.
https://www.washingtonpost.com/weather/2021/02/24/texas-winter-storm-temperature-records/
This storm affected many states besides TX, though.
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April 25, 2021, 07:26:37 PM

I'm an omnivore that can enjoy a nice filet mignon, beef carppacio, and a steak tartare once in a while, but calling my food pets, giving them names, then having a ceremonial funeral with a picture on the 55" while you consume their flesh sounds like some messed up sacrificial woodoo ritual. Hey why not start them early as kids get old enough to hold a knife force them to slaughter their favorite pet they bonded to the most, that way the lack of their nutrient deficiencies would be the last of your worries    

Whoa. I'm not the one who raised the meat. Nor did I name it nor slaughter it. I doubt the kid who raised it ate any of it.

Yes, I honored Murray while I ate him, but I'm sure I also saluted the accompanying vegetables for giving up their lives. Remember, plants have feelings too.

The problem is that they don't allow their kids to cheat. That's child abuse.

Not allowing kids to eat meat = child abuse

Slaughtering animals = humane treatment, totally not animal abuse, see that only applies to dogs and cats

Dogs and cats? Isn't a shot of Euthasol the preferred method of slaughter?
JayJuanGee
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April 25, 2021, 07:55:40 PM
Merited by OutOfMemory (1)



Crypto?

Shortest JJG post ever:  Wordy-man ATL!  That’s it:  Bitcoin is dead.  Selling all my coins now...

I already said uncle... didn't I?

I was not competing with you now.  I feared for the value of my bitcoins!  There is a market theory called the “JJG indicator”.  By comparison to most daytrading TA theories, it is mathematically proved and scientifically confirmed.  It says that when JJG runs out of words, then Bitcoin is a STRONG SELL and should be shorted at high leverage.

No pressure.  Wink  #nohomo

That theory (or indicator) seems to presume that I am NOT a meat wagon limited sentient being.

You surely are more wordy than me, when you are around.

You just disappear for a month at a time or perhaps 6 months to a year at a time.

Not saying that I am worried about you, but if you were persistent, you would not ONLY be MOAR wordy than the wordiest amongst us (speaking of yours truly for sure) but you would also have a post count to go along with it, too. 

#justsaying

At some point, real life takes over.  I’m not supposed to be here at all now; I should probably tie up some loose ends here, catch up on a few threads, and then devote my attentions elsewhere.  Call it a guilty pleasure.

I can relate... maybe NOT exactly, but at least in part.

Speaking of bitcoin prices, I have no real problema where we are at, currently, surely decent sized correction down to $47,555 (constituting about 27% correction from the top), and than maybe bouncing back to bounce around $50k-ish - and who is to say that the correction is over, exactly, but does not really seem to matter too much.

This is kind of like the stability that people should seem to want (and surely a way better place than the stability that you, nullius pullius, was calling for in around September-ish - if I am remembering my dates right?), but when we are here in this kind of seemingly stable place, a lot of peeps are actually moaning about it. 

I do like it.  For a long time, I had it set in my mind that $1 was worth “more or less somewhere around 10k sats”.  Now, it’s around 2k sats; that’s not quite as convenient as a power of ten, but it nonetheless makes mental estimations easy.  Bonus:  My bitcoins buy more when I need to spend them, which I try to avoid.

Round numbers tend to form Schelling points; so I would not be surprised if we need to cool off and take a breather before sufficient demand pressure forms to push us up to the next point.  That is my instinct, based on no market data and no “market research”.  Take it for what it’s worth.

Yes.. I will take it for what it is worth...

Numerology.

There are a lot more convincing price models in BTClandia besides numerology, including but not limited to stock to flow.


In the abstract, I am also of the general opinion that slower, steadier growth is better for Bitcoin.  I know that you will say that “king daddy” doesn’t care what I want. 

That is right.. king daddy does not care, but sure, you can still say it.  Go ahead.

I am simply hoping for sustainable growth with less volatility and fewer, smaller corrections. 

Yeah right..  Roll Eyes

Maybe we will get closer to that in 10 years or so..   Maybe?


As more people—and moreover, more rich people become to some degree economically dependent on Bitcoin, I don’t think it’s unrealistic to hope that we can break out of the old market cycles.

Sure lowering in volatility is a valid theory, but bitcoin is NOT likely to get there overnight... so you are making pie in the sky proclamations that may well apply to a future state of bitcoin 50 years from now?  rather than snapping back into the reality of where bitcoin is at today.. we are in war, and war is not a stable place.  Go figure.   Tongue Tongue

Anyway, unless there is some extreme black swan (death of the Internet, Roosevelt-style seizure by a superpower government, etc.), I reasonably expect that Bitcoin will get to $100k and $1m and beyond.  It took awhile to reach a sustainable floor above $1k, and above $10k; what difference does it make if the market bounces around and solidifies for awhile at $50k?

You are not going to receive any arguments from me on those points.

At this juncture, Jay, I will say something that you will hate:  If you want to make 100x fast (at high risk of losing everything), go invest in altcoins!  Because:  Risk and reward. 

Not interested.  I did not get into bitcoin to make a lot of money quickly, even though it already happened.  So I don't really need more money... but I am not going to complain about figuring out ways to use such money as it comes in.

Furthermore, gains in bitcoin is not merely about gains, but why the fuck you going to put value into some scam that may or may not have anything meaningful there.

I don't know of any shitcoin project that even comes close to bitcoin in terms of overall stability, and I prefer the upside potential of bitcoin but also the stability too.. so fuck shitcoins... which means I give less than 1 ratts ass about any shitcoin at this point in my life..and sure other folks might want to fuck around with them, not this cat (not literally speaking).


Whereas Bitcoin is becoming a safe investment, at least relative to what it was a few years ago.  If you want something that you can buy, put into cold storage, and then just not worry about in the long term, then you must be satisfied with a measly 2x or 5x gain here and there.  It’s not the first time I’ve said this:  Bitcoin is becoming a relatively boring investment—and that’s a good thing!

I give few shits.. and you are starting to deviate from the topic of this thread, it seems.. and even speculating with bullshit ideas that are not even adequately accounting for the total package of reality including our most meaningful and current BTC price predictions models of: 1) stock to flow, 2) 4-year fractal and 3) exponential s-curve adoption based Metcalfe principles and network effects..

It is because of that safety that I would now feel comfortable recommending significant Bitcoin investments to the types of people who probably couldn’t have handled it before.


Seems to me that everyone should have some bitcoin, and if they are just starting to get to 1% to 10% of their portfolio while they figure it out for their lil selfies.. I cannot think of any other asset that I could stand behind with such conviction.. but whatever, do what you like in terms of what you say to udder peeps.


  I myself almost wholly ignored the worst of the big bear market of 2018:  I just let my coins sit where they were, stopped watching the ticker, stopped reading the news—didn’t waste time with it, didn’t worry.  That was with my life savings.  But I realize that I am unusual. 

I don't know.. I started in late 2013, so my initial buying into BTC was in 2014 which was very similar to 2018, and it worked out pretty goddamned well.. especially for my then circumstances, including ongoing buying that ended up working out fucking great, inspite that my portfolio was largely in the red for the 1st three years.. but whatever.. there are ways to invest in bitcoin whether then or now... I have not changed my recommendations in any kind of meaningful ways... which is get the fuck into bitcoin.. but of course, make sure you get you financial house in order too by at least understanding your finances which is something that a lot of peeps are not doing and bitcoin can perhaps help them (or inspire them) to get that shit in order... perhaps? perhaps?

When Bitcoin reaches the point that ordinary, average types of people can be advised to put a chunk of their money into Bitcoin—not all, but a good chunk—

Fuck that shit, nullius pullius.  The best way is to just get fucking started with DCA.. There are so many peeps who do not have a chuck of capital that they can put into anything whether bitcoin or anything else.

In other words, why create obstacles.  Get the fuck started, and of course, if there happen to be chucks laying around, then they can put that in too.. usually there is a need to conceptualize investments in three categories, which are DCA, buy on dips and lump sum investment, and sure each person can try to tailor their situation to be able to figure out what balance of those three methods to use, but all three should be considered and attempted to employ, when it comes to bitcoin investing (and getting a stake, even if starting with a small stake such as 1%).

and just forget about it, then I think that the Bitcoin market will be maturing to the point that we can get that steady growth.  And that forms a positive feedback loop, insofar as the steadier the market is, the more that we can bring “normies” into it.

Normies better get the fuck in now, rather than getting front run by institutions.. but whatever, you can give all the BAD advices that you want.. and let's see what happens when those dumbass normies get left even further behind because they are sitting on their hands hoping to accumulate a lump sum and trying to figure out when to get in when they should have done it yesterday.. but the second best time is to start right now and stop being a dumbass without any stake and waiting for the right time blah blah blah.. now is the right time, especially if they do not have any.

I think rejoice in respects to the place where we happen to be - even if we might get some further drops.. up to 40% or 50% is not necessarily unusual, even though I am not sure about how high the odds would be beyond seeming to have a kind of potential trend is your friend kind of situation that some of us would prefer NOT to have, and surely seems like UPpity is going to continue at some point.. but just not always clear about how long such UPpity continuation is going to take to actually be noticed as continuing UPpity.

For my part, I am happy with $50k for now.  I am bemused to see people talking about a “crash”.  What crash?  Do people even remember what the number was only half a year ago?  Roll EyesRoll EyesRoll EyesRoll EyesRoll Eyes

I don't know, but it was $3,850 for a blip in mid March 2020, and then it was bouncing around $10k in September 2020, and no need to really get into specifics that are better shown by a graph and the DCA chart still is a good one to point out, which will show that the longer that you have been in, the more likely you will be in profits... in other words get started. (am I repeating my lil selfie?).

^^^ Consider that to be my curmudgeonly take on the JJG style of stacked smilies.

I do hope not to see further huge drops. 

Who knows?  Could go either way.

That could be a real crash. 

I would not presume down in a bull market..

Last time I checked we have been in a bull market since about April 2019.. so not to great to be betting on down.. even if it has had some moments during that time of ending up being correct.

The $50k range (plus or minus, say, 10%) would be a good point to rest without too much panic, mindrusting, or bears coming out in force; and I hope to see a firm floor develop here, for jumping off to the next point.

bitcoin no does not work like that, but sure consolidating in the $50k arena for a bit of time seems way more plausible than consolidating between $55k and $65k... so at least we are not at the tippity top of the range.. but still if we get a few months that are mostly staying in a kind of $45k to $55k range, gonna have to feel quite fortunate in terms of those hoping for stability... and getting six months in such price range might be coming close to being a miracle.. but surely not out of the question to experience seemingly unlikely scenarios.. that is kind of part of what happens in bitcoinlandia.. from time to time..
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April 25, 2021, 08:07:51 PM

Henry Ford proposed an "energy currency" as the foundation for the world's financial system in 1921. A century later, we have #Bitcoin
https://twitter.com/DocumentingBTC/status/1386406362209345540?s=20
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April 25, 2021, 08:08:31 PM

I'm an omnivore that can enjoy a nice filet mignon, beef carppacio, and a steak tartare once in a while, but calling my food pets, giving them names, then having a ceremonial funeral with a picture on the 55" while you consume their flesh sounds like some messed up sacrificial woodoo ritual. Hey why not start them early as kids get old enough to hold a knife force them to slaughter their favorite pet they bonded to the most, that way the lack of their nutrient deficiencies would be the last of your worries    

Whoa. I'm not the one who raised the meat. Nor did I name it nor slaughter it. I doubt the kid who raised it ate any of it.

Yes, I honored Murray while I ate him, but I'm sure I also saluted the accompanying vegetables for giving up their lives. Remember, plants have feelings too.
...

Well, yeah, if you name your veggies, let your kids bond to them and call them pets, then put them on a 55" and toast them, as you devour them, you might have some unresolved issues.

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April 25, 2021, 08:15:58 PM

The problem is that they don't allow their kids to cheat. That's child abuse.

Not allowing kids to eat meat = child abuse

Slaughtering animals = humane treatment, totally not animal abuse, see that only applies to dogs and cats

It is child abuse if you force a poor vegan diet on them which causes them to have retarded neurological development.

Your children could be taken into care if you cause malnutrition.


As you threw a PubMed.gov link at me which you believe here is one for you.

https://pubmed.ncbi.nlm.nih.gov/31991425/

and BMJ

https://adc.bmj.com/content/77/2/137

No more of this there are other forums you can go to discuss fad diets

Meantime I'm poor again BTC - USD only up 15X since Mar 2020
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April 25, 2021, 08:37:07 PM

... name your veggies, let your kids bond to them and call them pets...

https://en.wikipedia.org/wiki/List_of_VeggieTales_characters

 Cool
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THE NEXT 2.4 YEARS ARE CRITICAL🍄💊


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April 25, 2021, 08:57:34 PM

Civilised people don't dump their coins
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April 25, 2021, 08:59:20 PM

Please BTC if you have no fuel.. go directly to the target 40-43K. Then we can talk properly for reversal and next up leg step  Grin
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IIRC


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April 25, 2021, 09:03:35 PM

Please BTC if you have no fuel.. go directly to the target 40-43K. Then we can talk properly for reversal and next up leg step  Grin


re-testing stronger support at about $47.5k
Might as well go straight up from there. If not now, then probably like next time.
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April 25, 2021, 09:15:50 PM

Bought more 48,035

Is it gonna stop?
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what is this "brake pedal" you speak of?


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April 25, 2021, 09:22:40 PM

Is it gonna stop?

stop??

i thought the party was just getting started.
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April 25, 2021, 09:28:26 PM

Bought more 48,035

Is it gonna stop?

Will see .... first some more important stuff going on as watching BTC-FIAT price movements
Movie playing and after that HODLsleep.... in the morning at coffee there maybe is time to see BTC-FIAT prices
Meanwhile 1btc=1btc and that will always be the main importance
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April 25, 2021, 09:30:23 PM


@RaoulGMI
The weekly RSI is close to the levels that we saw in corrections in the first part of the 2017 bull run, before bitcoin hit hyperspace. These are the pauses that refresh a bull market.
https://twitter.com/raoulgmi/status/1386430441683492866?s=21
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April 25, 2021, 09:31:09 PM

Another city boy who knows sweet FA about producing beef.

Not all of us city boys are clueless about our food.



The Angus steer on the right is Murray, being held by the lad who lovingly raised him like a pet, knowing full well that he was destined for slaughter. He was reserve grand champion at the prestigious Royal Winter Fair a few years back.

The guy with the glasses, second from right, is my local neighborhood butcher in downtown Toronto. He sources his meat from small, humane producers like the happy family in the rest of the picture. Happy meat is good meat. Of course it's free of artificial hormones and unnecessary antibiotics.

Murray was raised on forage and silage and finished with barley. Needless to say he was harvested humanely, locally.

I was lucky to get a couple of steaks from the front part of his rib section (with large spinalis dorsi muscles), plus a couple of flat irons (infraspinatus muscles). While we were enjoying him we had his picture up on the 55" display and toasted him, thanked him, and complimented him on his fine flavor and texture. He was delicious.
____

Don't hate on vegans. They're just victims of a neurosis-based eating disorder.

https://youtu.be/-lu985jOKRc?t=64

https://youtu.be/t_hBKGbf_c0?t=483
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April 25, 2021, 09:31:38 PM

Please BTC if you have no fuel.. go directly to the target 40-43K. Then we can talk properly for reversal and next up leg step  Grin


re-testing stronger support at about $47.5k
Might as well go straight up from there. If not now, then probably like next time.

Hmmm the odds are really high now to go more down.. But to be honest i prefer like this, in a strong and fast down movement, than staying like we did fot 2 months sideways, to go down then.
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April 25, 2021, 09:37:54 PM

Hi guys....

The Hodlers are not going to sell, keep increasing demand!


Source: https://twitter.com/WClementeIII/status/1386358069991518210
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