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

[JayJuanGee]

250% up (12 months)   oh the pain

Exactamente...

our good ole drama queen buddy bbbbbbbaaaaaaaaaaawwwwwwwbbbbbbbb is ongoingly setting his lil selfie up for "suffering" during the near inevitable dippenings (in udder words, "pain").  

Another China fud?

The old one is still going around...

EDIT: $32k is the new $6k?

I hope not.  Surely I would prefer $28.6k to have been the bottom, and I would prefer NOT to revisit anything below $20k, if such a wish fulfillment might be possible.  Perhaps?  Perhaps?

@JJG:
Amongst the more naturally baked minds it is considered an absolute truth that reality is an "agreement".
You see, something went wrong in evolution, maybe it's temporary (i hope so), but humans generally got way more brainpower than most of them can manage, so it kinda bleeds into other activity apart of sane conclusions based on repeated observations.
Maybe (most) drugs are just a good way to tame that overshooting brain-capacity.
I wish we could power miners with that excess energy. Some day, perhaps?  

I am not even sure if we might NOT be communicating ourselves very clearly, because I am not really making any kind of claim to knowing transcendental truth/reality or even if such a thing matters very much.

I was suggesting that some people seem to be way the hell more detached from reality than others, and when some of those kinds of people are suggesting that all truth is relative, then such claims dilute the fact that there are more plausible claims upon closer approximations of reality - without even getting to any kind of need for consensus or agreement, even though I am not going to argue that there are not a whole fucking lot of agreements in existence that started way before any of us were born, and at the same time the various agreements are a evolving phenomenon with bitcoin being a pretty big and new consensus stimulating element that did not exist prior to 2009 - at least in any kind of meaningful and widespread practicing form.

[edited out]

Hey! Missed you, ya grumpy old fuck! Pages were filling with short concise messages and meme's rather than your wall o' words pontificating. You been busy waxing your ears so your headphones 🎧 fit?

Sure I do happen to have a life outside of the forum, so "busy" might be one way of describing what I have been up to, and did not have any need to wax my ears or make any other adjustments to my head size beyond normal and routine daily/weekly maintenances... oh and I did wear a hat (in real life) a few times, too in the past week... just for funzies.

[sirazimuth]

....
... ponder this, ....

Ok,  I just pondered that bro. Honestly, I don't think I'll lose any sleep over it....

....Oh that reminds me!...gotta go work on the new mix down of an old band recording titled "Paranoid Delusions"......

[JayJuanGee]

..... I had a reply typed up but what's the point, I'm not going to (and not trying to) change anyone's mind here and it's decidedly off topic.

Let's get back to bitching about China and Elon whatshisname.

Off topic in the Wob??  I didn't think that was possible.
As long as you are not a cryptonian alt, I think you're good.
Mind you, mentioning the word "c****o" might irritate jay, causing him to spout lots of wordenings...

Gosh... I didn't even get triggered, or did I?

Speaking of the BTC price:

As I type we seem to be dippenning and pushing upon low $32ks.... perhaps?  Perhaps?

What to do peeps?

Cry?

Or something else?

[suchmoon]

~

Seems unnecessary. I don't think anti-vaxxer maps have NZ.

[Copetech]

Not the kind of "material" that creates a TP shortage... uhm no. 💩

Jesus it was a joke, substitute any name you want in there.

Yup, and flipping it into a Bukaki reference was also a joke. But AbSoLuTeLy agree, "substitute any name you want in there." and the answer is still No Thanks!

(enter the word "Bukaki" into a search engine at your own risk, notresponsiblefortheresults)

The "Bukaki reference" was a fail, kick it down the road again.

Guess it's a good thing neither of us depends on our comedy routines to pay the bills, eh?

\__/ To better days and higher numbers!

[ChartBuddy]

Explanation

[philipma1957]

buddy holding the wood at 32.4k+

and the diff has shifted upwards a bit which may be a good thing.

[Copetech]

Stuff

Things

Gosh... I didn't even get triggered, or did I?

Speaking of the BTC price:

As I type we seem to be dippenning and pushing upon low $32ks.... perhaps?  Perhaps?

What to do peeps?

Cry?

Or something else?

Noticing that same Downward pressure that hit last night has kicked up (or should I say down)again tonight. Started about 2-3 hours later though.
If it Does swing us down another $3k (even better $4k) I'll pick up a nice haul of cheap corn from Limit Buys placed weeks ago! And as an added bonus, may even test my theory as to whether a scoop down to about $27.5k - $28k would pick up the momentum needed to finally shoot up past the $42k wall!

Just hiding and watching, will be happy with the results regardless of where it takes us!

[Hueristic]

Guess it's a good thing neither of us depends on our comedy routines to pay the bills, eh?

\__/ To better days and higher numbers!

[nutildah]

Just hiding and watching, will be happy with the results regardless of where it takes us!

[JayJuanGee]

Stuff

Things

Gosh... I didn't even get triggered, or did I?

Speaking of the BTC price:

As I type we seem to be dippenning and pushing upon low $32ks.... perhaps?  Perhaps?

What to do peeps?

Cry?

Or something else?

Noticing that same Downward pressure that hit last night has kicked up (or should I say down)again tonight. Started about 2-3 hours later though.
If it Does swing us down another $3k (even better $4k) I'll pick up a nice haul of cheap corn from Limit Buys placed weeks ago! And as an added bonus, may even test my theory as to whether a scoop down to about $27.5k - $28k would pick up the momentum needed to finally shoot up past the $42k wall!

Just hiding and watching, will be happy with the results regardless of where it takes us!

Well, I am glad that you are asserting that you are happy regardless of price direction.. and I surely have my hesitancies to proclaim that I have any kind of clue regarding whether any further down might be needed or inevitable or whatever.... we have frequently seen the "down before up" proclamations NOT end up playing out.... so frequently when anyone is proclaiming that we "have to" go down before up, that gives me some sense that they are not really as prepared for UP as they might be making themselves out to be.. but to each their own.   The down before up are probably not less than 50/50 even though we have already had down to 56% correction and even though we have already been bouncing around in the lower $30ks for a considerable amount of time.

In my thinking, the truly neutral position for anyone who happens to be sufficiently and adequately "invested in bitcoin" is going to be biased towards up, but willing, ready and able to take advantage of down, if such down were to happen rather than be appearing to be wishing for down.. but hey.. I have seen plenty of down-wishers in my bitcoin days.. and a good number of them proclaim to be bitcoin bulls.. even one who has a name that has bio in the beginning and ends with an m... not saying that he is the ONLY one who happens to have a frequent practice of being a down-wisher, but he loves when I talk about him.   

In other words, seem to me that anyone who invests into something (whether we are talking about bitcoin or anything else) should be shooting for the price to go up, rather than down (especially after it already did a 56% correction).. but whatever, peeps are gonna peep... I suppose.

[Syke]

So if any of your friends, family members, or colleagues favor X/Y/Z shitcoin du jour over Bitcoin, just point them to this thread:

https://old.reddit.com/r/CryptoCurrency/comments/og5u6m/its_official_nano_is_no_longer_among_the_top_100/

That's hilarious. Many threads I read on Twitter have someone pumping $nano.

[ChartBuddy]

Explanation

[Biodom]

If 'they' are setting up ~32K to be like 6.5K in 2018, then my calculations and approximations (from proportionally reduced plunges) give a bottom at 20-21K (the exact number is about 20.5K, but the whole thing is a projection and unlikely to exactly "fit").
It could be just a wick. I can handle this price without being upset.

Of course, if we go there, it means that we were in the bear market and then we would start recovering, hopefully.
It would also mean that the whole cycle was front run on the bull side.
Next cycle might not even be a real cycle since the impact of halving would be smaller and other factors (adoption) could become more important.

[marcus_of_augustus]

....
... ponder this, ....

Ok,  I just pondered that bro. Honestly, I don't think I'll lose any sleep over it....

....Oh that reminds me!...gotta go work on the new mix down of an old band recording titled "Paranoid Delusions"......

... seriously I wouldn't bother if I was you, your music and song-writing sucks, but if it makes you happy, I'm not your master

... or maybe make one "Propaganda for the People"? give you a warm-fuzzy feeling inside knowing you got the gubmints back?

[Copetech]

Stuff

Things

Gosh... I didn't even get triggered, or did I?

Speaking of the BTC price:

As I type we seem to be dippenning and pushing upon low $32ks.... perhaps?  Perhaps?

What to do peeps?

Cry?

Or something else?

Noticing that same Downward pressure that hit last night has kicked up (or should I say down)again tonight. Started about 2-3 hours later though.
If it Does swing us down another $3k (even better $4k) I'll pick up a nice haul of cheap corn from Limit Buys placed weeks ago! And as an added bonus, may even test my theory as to whether a scoop down to about $27.5k - $28k would pick up the momentum needed to finally shoot up past the $42k wall!

Just hiding and watching, will be happy with the results regardless of where it takes us!

Well, I am glad that you are asserting that you are happy regardless of price direction.. and I surely have my hesitancies to proclaim that I have any kind of clue regarding whether any further down might be needed or inevitable or whatever.... we have frequently seen the "down before up" proclamations NOT end up playing out.... so frequently when anyone is proclaiming that we "have to" go down before up, that gives me some sense that they are not really as prepared for UP as they might be making themselves out to be.. but to each their own.   The down before up are probably not less than 50/50 even though we have already had down to 56% correction and even though we have already been bouncing around in the lower $30ks for a considerable amount of time.

In my thinking, the truly neutral position for anyone who happens to be sufficiently and adequately "invested in bitcoin" is going to be biased towards up, but willing, ready and able to take advantage of down, if such down were to happen rather than be appearing to be wishing for down.. but hey.. I have seen plenty of down-wishers in my bitcoin days.. and a good number of them proclaim to be bitcoin bulls.. even one who has a name that has bio in the beginning and ends with an m... not saying that he is the ONLY one who happens to have a frequent practice of being a down-wisher, but he loves when I talk about him.  

In other words, seem to me that anyone who invests into something (whether we are talking about bitcoin or anything else) should be shooting for the price to go up, rather than down (especially after it already did a 56% correction).. but whatever, peeps are gonna peep... I suppose.

As you know, I've only been actively investing for about 5 weeks now, and you Nailed it! I'd certainly love the opportunity to grab some cheap coins because I certainly don't believe I "have enough". But I believe I have done about the best as can be expected in 5 weeks and limited capital invested. And truth be told, if I never make a dime off of it, life is good, so who gives a fly flipping fuck?
I just noted, there seems to be a significant number of people interested in buying but keeping their money's on 5he sidelines waiting for that magic number. Whether right or wrong, they're there... they exist. So as I'm looking at the order books, I noted there's a significant jump in the orders from 200 up to 5000 by the time it gets down to $28k and up to 8000 bids by $25k and my suspicion is that a significant majority of those bids, if filled, would hold at least until the $75k range, and probably as high as $100k. So if all those lowball buyers jumped into the market, I expect it would cause a lot of upward momentum. And if that upward momentum took us past $42k you'd see a lot of additional FOMO buyers jumping in to carry us higher. Meanwhile I'd be holding my meager stack of SATS and making my more insignificant weekly DCA buys while waiting for the next crash so I can see what the new bottom is and start buying dips again.

All told, it's a fun ride regardless of whether you watch from the front, middle, or back... at least you're not watching it go by from the ground.

[sirazimuth]

....
... ponder this, ....

Ok,  I just pondered that bro. Honestly, I don't think I'll lose any sleep over it....

....Oh that reminds me!...gotta go work on the new mix down of an old band recording titled "Paranoid Delusions"......

... seriously I wouldn't bother if I was you, your music and song-writing sucks, but if it makes you happy, I'm not your master

... or maybe make one "Propaganda for the People"? give you a warm-fuzzy feeling inside knowing you got the gubmints back?

I love winding you up bro!

Come on now dude...my song writing is at least as good as those historic equations you develop....

Also, its cool to get honest criticism.
Albeit, I'd be really concerned if someone of your mentality actually liked my material.

[JayJuanGee]

If 'they' are setting up ~32K to be like 6.5K in 2018, then my calculations and approximations (from proportionally reduced plunges) give a bottom at 20-21K (the exact number is about 20.5K, but the whole thing is a projection and unlikely to exactly "fit").
It could be just a wick. I can handle this price without being upset.

There is nothing wrong to expect that this kind of correction could happen, but surely there is a difference between having a wick and having a 3 month or more lagging down at those lower levels.

So, it is kind of difficult to suggest what the significance of such a dip would be without figuring out either how long the price would stay down there and if the price would thereafter recover and reach new highs and how long that might take.

Of course, if we go there, it means that we were in the bear market and then we would start recovering, hopefully.

You seem to be presuming too much about what the significance of such a price drop would be.

You also seem to be presuming that the stock to flow model is irrelevant as well.

Lot of presumptions in what you are saying while seeming to fail and refuse to account for what BTC actually is, including to but not limited to failing to adequately account for its various ongoing and currently credible price models.

It would also mean that the whole cycle was front run on the bull side.

Huh?  I don't know about that.

We had one baby front run which was the 3.5x price rise from April to June 2019.. and then we got this second front run of 6.5x from September to April... so kind of hard for you to be prematurely proclaiming that you know what it all means, even if we were to get a dip down to the lower $20ks.. and especially that you are not even specifying any kind of different analysis in regards to if we were to have a wick versus a longer term stagnation in the lower $20ks... couple of different scenarios.. and probably both of those scenarios would accompany a purging of some froth in the shitcoin space.. but I am not even sure if a purging of froth is necessary in that kind of way or if such a purging would even cause BTC prices to inevitably drop.. .. too many possible factors for this here cat to be making broad and sweeping proclamations in regards to significance.. when probably more importantly would be to start from the currently valid BTC price prediction models such as stock to flow, four year fractal and exponential s-curve adoption and figure out if any of those models are either broken or in need of tweaking and to proceed with any kind of analysis while taking those three models into account rather than just making up your own shit that seems to either not even account for those three models or to cursorily presume that the three models are broken or irrelevant.

Next cycle might not even be a real cycle since the impact of halving would be smaller and other factors (adoption) could become more important.

You seem to be getting ahead of ur lil selfie... we have not even gotten out of this four year cycle and you are jumping into the next one.  hahahahaha.. you are full of desires to paint your own picture forward, which is probably even more likely to be correct since, like I already mentioned, you are not even hardly accounting for seemingly currently valid BTC price models... shouldn't that be called rolling your own model?

[marcus_of_augustus]

..... I had a reply typed up but what's the point, I'm not going to (and not trying to) change anyone's mind here and it's decidedly off topic.

Let's get back to bitching about China and Elon whatshisname.

Off topic in the Wob??  I didn't think that was possible.
As long as you are not a cryptonian alt, I think you're good.
Mind you, mentioning the word "c****o" might irritate jay, causing him to spout lots of wordenings...

Gosh... I didn't even get triggered, or did I?

Speaking of the BTC price:

As I type we seem to be dippenning and pushing upon low $32ks.... perhaps?  Perhaps?

What to do peeps?

Cry?

Or something else?

32K is Adam's number so it is appropriate we should form a solid base here ... he's probably the one doing all the dumping now his target is met

[sirazimuth]

~

Seems unnecessary. I don't think anti-vaxxer maps have NZ.

Somehow I think you knew I was gonna merit that.
So I did because well...I don't think you have enough...

I also merited my brother marcus...so there is that....

(ironically, I really do have a brother Marcus irl...we used to have farting competitions... but I digress...)

GO BITCOIN