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

[eXPHorizon]

[ChartBuddy]

Explanation

[Spaceman_Spiff_Original]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Well no economics was involved.. he just did the math and it's correct.

He literally said he thought the total value of the currency should be equal to the total value of all the wealth in the world.  
Which is nonsense.  It is not because something is being expressed in a unit, that that unit needs to expand to whatever is being measured.  For example, let's say I measure the length of my furniture by comparing to the length of my thumb.  Why would there then need to be as many of my thumbs as there is furniture in the world?  If that sounds strange or weird, that is because it is weird and nonsensical.
Money is just an asset class on its own, which takes up a certain portion of total wealth in the world.

sauce : https://twitter.com/DrBitcoinMD?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1165004233663496197%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Fhal-finney-bitcoin-price-prediction-10-m%2F

I like bullish BTC price predictions as much as the next guy, but if we just switch off our critical thinking whenever somebody says something nice about bitcoin, we are more of a religion or cult than anything else.  Which is not needed imo, as the realistic scenario for bitcoin holds plenty of upside and promise.

[Dabs]

He just did same napkin math. And now he's in cold storage. Literally.

I'd rather use inches than thumbs, but most of the rest of the world uses centimeters. (I'm just joking eh.)

[Saidasun]

I like bullish BTC price predictions as much as the next guy, but if we just switch off our critical thinking whenever somebody says something nice about bitcoin, we are more of a religion or cult than anything else.  Which is not needed imo, as the realistic scenario for bitcoin holds plenty of upside and promise.

You hit the nail right on the head I find that supporters of Bitcoin are too quick to believe something just because its saying something positive about Bitcoin. Most predictions that people say are not accurate and have no evidence to back up their prediction other than just a gut feeling. You deserve more merit for shining a light on that mental flaw that the Bitcoin community seems to have.

[xhomerx10]

Currently 31 degrees outside, 26 degrees inside, just great, even the cats are too hot to do anything.

 We have a word for that in my country

 

[ChartBuddy]

Explanation

[JayJuanGee]

We’ve all been through times like this in bitcoin many times, doesn’t make it any better though. I think deep down I know we’ll still make new ATH’s in 2021. I’m such a pessimist though, price action sucks atm.

I miss muh green dildos & memes.

You're just preparing yourself to get excited  
How can one experience fun when he never learned to cry. (My stupid simplification of a chinese proverb)

Unpopular opinion: Troubled waters until 21st of July. I'll hodl my coins and save some fiat until then  

I'm in LFC's boat. Pretty sure we are feeling the exact same feelings with the price action the last few months and all I can say is it sucks.

Of course long-term we both know where this is going, but, as they say "waiting is the hardest part".

Yeah, i've been through this in 2018 and 2019 after i made a move and used some of my fiat savings to buy additional bitcoin at $15k. It was a smaller fraction of my satstack, but the most expensive one until 2020, also (EDIT: one of) the biggest one-time amount spent buying corn.
Until mindrust's exit, i had plenty of time to learn to manage my feelings when price goes down.
But this time it's different, we're in a bull market (at least we should be), price goes south, FUD and government terror rose to an unseen amount yet. WSB mentality of making overleveraged-all-in trades adds to the problem. I still (try) to see the price action as a correction. I'm not immune to doubts, you know, but i ditched panic and i don't need most of the money i bought bitcoin with.
 
Spoiler: I bought it for the future of my kids/family.

But that's just me. I would never say things like "poor loser, don't whine around, hodl!" to any WOer experience negative feelings in regard to price action.

Likely many of us are here and actively participating in this thread because we are willing to relate to the perspectives of others regarding bitcoin's price performance and whether it might have some UPpity future potential... while appreciating that there are ongoing DOWNity pressures happening at the same time.

And, even though there is a bit of rare occasions when the bears get fucking reckt, it feels so good to see those DOWNity pressures get reversed and even when the DOWNity bets keep getting made while the BTC price is going up.

A couple of things are going on, and we should be attempting to appreciate that the down days way the hell out number the up days, and if you want to profit from bitcoin, you are usually going to be way the hell better off by staying into bitcoin because the overall trend has been UPpity and there is no real and significant evidence to establish that the overall trend is going to continue to be UPpity.. even though the down days still likely outnumber the UP days.. .and you better be "in" when the UP days happen because they can come at times that are unexpected.. and surely we have witnessed that plenty of times.. tends to be several times every year, and feels so good during those periods.

I suppose that if things were rosey and great in the ballpark of my lowball BTC price expectations of 6% per year, our current BTC price and starting at $750 in 2013 would ONLY be around $1,200 currently, so I am not complaining at all.  

Start price =   750               
BTC annual %price appreciation:
                                6%                  30%                     50%                75%                100%                150%

2013                          $750                   $750                $750                $750                 $750                 $750
2014                     $795                   $975                 $1,125                $1,313                $1,500                $1,875
2015                     $843                $1,268                $1,688                $2,297                $3,000                $4,688
2016                   $893             $1,648                $2,531                $4,020                $6,000                $11,719
2017                   $947             $2,142                $3,797                $7,034                $12,000                $29,297
2018                   $1,004             $2,785                $5,695                $12,310                $24,000                $73,242
2019                   $1,064             $3,620                $8,543                $21,542                $48,000                $183,105
2020                   $1,128             $4,706                $12,814                $37,699                $96,000                $457,764
2021                   $1,195             $6,118                $19,222                $65,973                $192,000                $1,144,409
2022                   $1,267             $7,953                $28,833                $115,453                $384,000                $2,861,023
2023                   $1,343             $10,339                $43,249                $202,042                $768,000                $7,152,557
2024                   $1,424             $13,441                $64,873                $353,574                $1,536,000                $17,881,393
2025                   $1,509             $17,474                $97,310                $618,754                $3,072,000                $44,703,484
2026                   $1,600             $22,716                $145,965                $1,082,819                $6,144,000                $111,758,709
2027                   $1,696             $29,530                $218,947                $1,894,933                $12,288,000                $279,396,772

Look at the above table** with a variety of projected BTC price expectations, and maybe currently we might be in the ballpark of 50% to 75% per year BTC price appreciation from a 2013 starting price of $750, and sure some peeps would prefer that we were to be in a 100% to 150% per year price appreciation, and from my perspective that seems to be asking too much too quickly of our saviour king daddy, because we have already been in a very good position to be seemingly exceeding 50% per year (and perhaps closer to 75% per year when using the 8 years of numbers of this chart)...

Of course, there is some arbitrariness in how my projections play out in terms of my having had somewhat randomly creating a starting point price of $750 in 2013 ... but still I have a hard time complaining in the event that we are anywhere in the 30%, 50% or 75% per year BTC price appreciation arena... Yeah in bitcoin we tend to have UPs and downs in our price performance, but overall the BTC price appreciation per year on average has been continuing to do quite well in the whole scheme of things and there seems to be little to no reason to conclude that we might not continue to experience decently onward and upwards BTC price appreciation, even if such per year price appreciation rates might slow down to a lower rate per year.

**I admit that I need to figure out how to do tables moar better... rather than manually plotting them out.. well, I cut and pasted this one from Excel and attempted to someone format it manually.

[shahzadafzal]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Well no economics was involved.. he just did the math and it's correct.

He literally said he thought the total value of the currency should be equal to the total value of all the wealth in the world. 
Which is nonsense.  It is not because something is being expressed in a unit, that that unit needs to expand to whatever is being measured.  For example, let's say I measure the length of my furniture by comparing to the length of my thumb.  Why would there then need to be as many of my thumbs as there is furniture in the world?  If that sounds strange or weird, that is because it is weird and nonsensical.
Money is just an asset class on its own, which takes up a certain portion of total wealth in the world.

sauce : https://twitter.com/DrBitcoinMD?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1165004233663496197%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Fhal-finney-bitcoin-price-prediction-10-m%2F

I like bullish BTC price predictions as much as the next guy, but if we just switch off our critical thinking whenever somebody says something nice about bitcoin, we are more of a religion or cult than anything else.  Which is not needed imo, as the realistic scenario for bitcoin holds plenty of upside and promise.

Well he didn’t say it will happen but he stated it as “an amusing thought experiment”. On other hand if that happens and Bitcoin becomes the standard global currency in the world then measuring bitcoin against dollar will be as useless as it’s today… 1 BTC = 1 BTC

Anyway yes it might be insane but not when you take it as an amusing thought experiment.

As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world.  Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 20 million coins, that gives each coin a value of about $10 million.

[El duderino_]

Just to put things in perspectives……..

When n00bs tell me BTC is dead/over/bearmarket……

[JayJuanGee]

Bitcoin bouced at exactly my triangle line setup.
It shows a very defined downward channel, tipping towards the first two weeks of august.
IIRC that's the month when the fun started in 2017?

So you are proclaiming "down before up"?

I know that peeps like to get caught up on various human events such as calendar months or seasons of the year, and I doubt that bitcoin gives any shits about those kinds of things, so in that regard, there are likely going to be more important factors to consider, for example whether shitcoin purgenings are happening or if they affect king daddy in one direction or another.. and sure, I am not opposed to ideas of triangles and considering if there has been enough consolidation in which a break out might seem more and more likely.. but I doubt that king daddy needs such triangles, to the extent that they can be reasonably drawn, to run their courses.

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Then I would rather believe his faulty economic reasoning.

You prefer snorting hopium over truth?  To each his own I guess  .

Of course it seems inevitable that if bitcoin remains relevant (which most of us here strongly believe), and the us dollar is still a thing, that purely due to inflation it will reach a 10 million usd/btc price.  It just won't be dollars with the purchasing price of those in 2009 when Hal made the prediction.

I was going to suggest that you explain ur lil selfie a wee bit better Spaceman_Spiff, and if you are concluding that Hal was wrong merely based on his failure to account for inflation, and you are so much smarter because you believe that inflation is a BIG factor in terms of what causes BTC prices to inflate, then you seem to be caught up in some narrow considerations.

From what I understand of Hal's projection is that he was considering various ways that value is stored, and if BTC is more efficient and effective as a storage mechanism, then that value would gravitate into bitcoin.   Sure, it could take several decades for such gravitation to play out, but I doubt that he was either missing inflation or failing to consider a variety of value storage mechanisms that could be replaced by BTC..,. and for sure, does not mean that he is correct or precise (or even any kind of god) to have had been engaging in such a seemingly back of the napkin kind of value storage calculation in order to approximate a kind of meaningful BTC price projection based on then dollar values.

Of course, if the dollar inflates away its own value, then BTC will end up having to be worth way more, but we could still attempt to measure in 2010-ish terms and still come to some kind of similar number (accounting for inflation).. so it seems a bit too pretentious to be attributing too much flaw to Hal's approximate calculation merely because dollar inflation (or it's projected exponential losses in value) has become way more apparent than it may have been at the time of Hal's back of the napkin calculations in 2010-ish.

[Saidasun]

Well he didn’t say it will happen but he stated it as “an amusing thought experiment”. On other hand if that happens and Bitcoin becomes the standard global currency in the world then measuring bitcoin against dollar will be as useless as it’s today… 1 BTC = 1 BTC

Anyway yes it might be insane but not when you take it as an amusing thought experiment.

As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world.  Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 20 million coins, that gives each coin a value of about $10 million.

He does say that if Bitcoin were to become the dominant payment system of the world that the total value of the currency would equal the total value of ALL wealth in the world which is complete horse shit. To me he tries to cover up that quite inaccurate statement by prefacing that its just a thought experiment well even if that thought experiment did materialize and become a reality Bitcoin would not be the equivalent of all the wealth in the world.

[JayJuanGee]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

I voted August, sorry not sorry 

My Vote is also August I am feeling we will go good.

$11,000 by September.

Source: Straight outta my ass!

Lol

hahahaha

3x higher than LFC's one year ago "optimism"... who should be complaining about "ONLY" 3x higher than the optimistic prediction of BTC prices a year ago?  First world problemas for sure, no?

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

That is very true & when I was gobbling up cheap coins in 2014 & 2015 I would have gladly shook on $5,000 per coin. I’m a greedy bitch though, I have my heart set on obscene wealth

I think that is referred to as "filthy rich"

I am not going to begrudge you or judge you in that regard - even though I can still proclaim that you seem to be getting everything that you want.. even if it might feel as if it is NOT coming fast enough... (not all of us have the fortune of justin bieber to be banging hookers when in our prime youth of 16 or 17, so sure the parts do not work as well when in our 30s, 40s or 50s, but we can still hire someone to wipe our butts.. some consolation in that, no?)

[Dabs]

My current amusing thought experiment puts liquidity at around 15 million total coins, with the amusing assumption that we will not see 21 million soon, but have mined 99% in a couple of decades, and a few of those millions lost, while the rest are in some form of cold storage.

We've seen coins aged 9 years move recently. However, I would bet that any coins much older than that, that have not moved, are never going to move, and for all intents and purposes may be considered lost.

In a few decades, we are looking at $50m to $100m per coin. USD.

Just an amusing thought experiment of my own.

I'd like to preface this with a little clarity that this does not represent all the wealth in the world, but rather all the value of currencies or money in the world in the future, essentially the equivalent of M1 to M3 or something like that, the liquid stuff. Maybe the value of entire companies and stocks and real estate too. Whatever it is that will be worth a thousand trillion dollars.

My naive dumb math puts $50m x 15m BTC = 750,000,000,000,000 or about 750 trillion.

This also means the stuff we can't really value like the oceans, the moon, the north and south poles, is not really counted, and who really cares about those except the scientists.

I say, it's a fun thought experiment. Maybe not fun for some of you guys because that would also imply something else is wrong with the world if this comes true.

[ChartBuddy]

Explanation

[JayJuanGee]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

That is very true & when I was gobbling up cheap coins in 2014 & 2015 I would have gladly shook on $5,000 per coin. I’m a greedy bitch though, I have my heart set on obscene wealth

As bitcoiners we can’t forget some very key important things

It’s not a get rich fast thing though with buying bitcoin we are getting very fast rich/richer as we where before investing in bitcoin and it’s  on a most honest, most honorable, financial independent manner as we ever could of think….

It’s not a get rich fast, but it’s fast as all the rest if we respect it’s path and just follow the DCA, but the dip, stacking sats etc but most of all not the mindrust way…

For sure, if you think about it (and yeah of course, if you believe the official story), a guy might spend a lot of time building and accumulating his BTC portfolio, and then reach some pretty decent goals in terms of BTC quantity.. but then get some kind of over invested and emotional and really stupid thinking about how far the BTC price is going to correct and consider the solution to sell and buy back later.. and holy shit that is some fucked up thinking and even if I say that it is difficult to believe, each of us can imagine scenarios in which we get over invested.. and even run out of money because we buy the dip but the BTC price seems to continue to dip... when at that point, the solution should be to HODL rather than SODL.. but for some reason some of us might start to feel that we can get ahead of this... and we emotionally delude our lil selfies into the wrong (but seeming right at the time) attempt to time the market and to "see where its going" and it does not go there.

https://twitter.com/WhalePanda/status/1415228140763459589/photo/1

Some whales buying the dip? I also bought for €600. I can do this longer than bears think  

Don't get too cocky or overly self-confident, ivomm - even though I have decent confidence too, that a lot of this whole situation is going to work out favorably for those of us who are either BTC accumulators or just largely HODLing through most of this... and of course, I still have standing BTC buy orders below $20k that for sure I would prefer NOT to even get close to using any of those buy orders at or near $25k.... so sure, take advantage of down... and surely I would prefer less down even though buy orders will continue to fill for quite a while... but I also hate the feeling of running out of money, too... if there are times that I keep buying and the BTC price even starts to get close to my lower buy orders, I really prefer NOT to be there or to go there, if possible.

@DanielJoe916

Third largest #BTC  wallet just added 122 BTC ($3.9 million) during the recent dip. This wallet now holds 116,120 BTC worth $3.7B. This whale entity loves buying #BTC  in the low 30s.

@venturefounder

https://twitter.com/danieljoe916/status/1415155606529339394?s=21

I surely have trouble attributing one entity (or individual) to those kinds of large wallets (instead of exchanges or something like that)..so I don't know how to figure out how to ascribe identity to such large wallets - i must have had more than 1,000 BTC addresses in my years of bitcoin experiences, and most of my BTC addresses do not have large quantities of BTC... but maybe some coins that I hold on exchanges are pooled with other coins... and I am not even saying that it is prudent to be dividing up 0.21 BTC in too many ways, either.

By the way, I am going to say that I have a problematic BTC address (or maybe a set of addresses) that concern me in terms of how it (they) was established and consolidated.. so still thinking about how to deal with some of my mistakes that were made.. and even hoping that there could be some ways to resolve some of my mistakes that were made.. but thinking and thinking.. without wanting to describe the particulars with too many details beyond just implying size and consolidation concerns.

Member back in the day when a few BTC was not a lot.. and maybe address sizes might have the "not a lot" quantities? and now there might be concerns about having address sizes that might contain more than 0.21BTC.. Member that?

[cAPSLOCK]

I just opened up an Electrum wallet which hasn't been used for several years, to find several identical and very small transactions. Suspecting a dust attack, but I've never paid much attention to the issue since I've never encountered it before. Should I be doing anything about this? Should I be worried?*

*ever noticed how so many MSM articles and interviews start with "should we be worried about...."

EDIT: just found fillippone's useful post here: https://bitcointalk.org/index.php?topic=5175238.0 - thanks!

Just mark those UTXO as frozen or do not spend and be on your way...

[shahzadafzal]

My current amusing thought experiment puts liquidity at around 15 million total coins, with the amusing assumption that we will not see 21 million soon, but have mined 99% in a couple of decades, and a few of those millions lost, while the rest are in some form of cold storage.

We've seen coins aged 9 years move recently. However, I would bet that any coins much older than that, that have not moved, are never going to move, and for all intents and purposes may be considered lost.

In a few decades, we are looking at $50m to $100m per coin. USD.

Just an amusing thought experiment of my own.

I'd like to preface this with a little clarity that this does not represent all the wealth in the world, but rather all the value of currencies or money in the world in the future, essentially the equivalent of M1 to M3 or something like that, the liquid stuff. Maybe the value of entire companies and stocks and real estate too. Whatever it is that will be worth a thousand trillion dollars.

My naive dumb math puts $50m x 15m BTC = 750,000,000,000,000 or about 750 trillion.

This also means the stuff we can't really value like the oceans, the moon, the north and south poles, is not really counted, and who really cares about those except the scientists.

I say, it's a fun thought experiment. Maybe not fun for some of you guys because that would also imply something else is wrong with the world if this comes true.

Well to be honest your fun thought experiment is still quantifiable, within reach and comprehend-able at least … see what our “scientists” speculating, things worth $10,000 quadrillion      

NASA’s Hubble Telescope has obtained images of an asteroid so rich in metals that its worth puts our global economy to shame. Think $10,000 quadrillion ($10,000,000,000,000,000,000), compared to the world’s economy, which was worth about $142 trillion in 2019.

Isn’t this more absurd than what Hal stated?

Mandatory Edit:
Don’t forget to divide this asteroid into 21 million pieces.

[Arriemoller]

Currently 31 degrees outside, 26 degrees inside, just great, even the cats are too hot to do anything.

 We have a word for that in my country

 

You have too much sparetime

[JayJuanGee]

now that I was very close it just felt like a bullet in the back of the head (no panic though). Also, it was an unexpected move going off price history, and the thought that this could be a prolonged bear market after such a small move up is disheartening.

That's why you were acting like such a whiney little biatch (or would it be whiney little girl? searing/brad... can you chime in?  hahahahaha)... and I am glad that you are coming off as a weeeeeeeeeee bit less whiney in recent times  (emphasis on "weeeeeee").

#nohomo.

I think that the punchline remains that we remain in a pretty damned decent place whoever is in this BTC thingie-ma-jiggie for the long term, whether we go UPpity or DOWNity from here...

Of course, UPpity would be preferred, but we should know that king daddy gives few shits about what we would be preferred so we have had nearly 2 months to get our bearings to prepare our lil selfies both psychologically and financially for either price direction... so are we prepared, or no?  Still ONLY prepared for UP?  You might suffer more... I am not saying that I know shit about which way the BTC price is going to go, and when I am presuming that we are STILL in a bull market, I am presuming that the odds for UP are greater than the odds for down (even if ONLY slight), but sure that does not mean that in the short term we may well experience some more suffering.. whether our own suffering or the suffering of others, but our own preparations should help us to consider the possibility for either direction.. especially in the short term --- still preferring UP, but whatever, it's not like I can do much of anything, except maybe figure out price points that I might be ready, willing and able to buy more in the event that we get down before up.

It's not like I need the money right now….{snip}

I guess that's why this dump got to me honestly. Unlike 2014, 2018, {snip} I wasn't close enough to my dreams and now that I was very close it just felt like a bullet in the back of the head (no panic though). Also, it was an unexpected move going off price history, and the thought that this could be a prolonged bear market after such a small move up is disheartening. I'm still hoping that this is a correction (mini bear market) in the longer bull supercycle as well, but I'm not seeing much bullish price action, though on-chain seems to be showing some good signs. Like others, I'm thinking towards the end of this year we should see something, but if we don't by then, well, that ain't a good sign.

Mostly similar to myself.

Also the major deviation from S2F is concerning.

Oh look, my 18000th post. What a sad bastard

Oh gosh..  I know that we are a supposed to be further than usual from the historical stock to flow deviation, and so don't you believe that some bears and FUD spreaders are going to want you to consider all of your BTC price models are broken... for sure.. for sure.. the need for greater extremes are necessary to cause peeps to lose confidence and to sell their coins...

Sell, sell, sell...

weeeeeeeeeeeee




(of course, I am engaging in a parody, and rubbing it in a weeeee bit)

Just consider how much excitement the beartwats and fud spreaders are going to feel if they were either able to start the bear season early (yeah 6 months or more early) or to delay the bull run by another 6 months, 9 months or even 12 months... wouldn't that be great for them? Don't they have a lot of incentives for trying to accomplish such?  Are they going to be successful or not?  what are the odds?  We had seen them fail with a lot of egg on their face in previous times.  What are the odds that they are going to fare better this time?  Sure there is a chance, but our macro circumstances is not exactly playing in their favor?  So we will see.  We will see.  Fuck those twats.....  And if they are successful, do we still get a bull run a bit further down the road in this particular cycle (even if delayed a weeeee bit?), or do we have to wait 3-4 years before king daddy is able to go up?  or does that break bitcoin completely?   I am thinking that the beartwats are having to spend a lot of resources to keep king daddy in its current around 50% correction range.. and even with that current scenario, it is not even an absolutely and clearly bad spot for us... fuck stock to flow.. stock to flow can suck a bag of dicks.. and just adjust the curve a wee bit, and we are back in business with stock to flow 2.0... so who cares.. king daddy is going to win, even if we are all dead by the time we are richie as fuck... hahahaha... o..k..  I got carried away.. yes.. there could be a delay and stock to flow might have to get shifted on its curve, but what you gonna do with sound money versus not sound money, are there any actual competitors?  Realistically?

Even if we consider the various beartwat wet dream scenarios, we should not be losing our faith in bitcoin, and we have already won.. seems to me.. but whatever, are they going to get us down to the 104-week moving average (which is about $20k currently) or down to the 208-week moving average which is about $13,600... currently... I have my doubts about getting down to either one of those.. but whatever, whatever.. roll with the punches, no?  We are good, no?... You really believe that there is even any kind of reasonable and realistic expectation of getting an 85% correction out of this particular correction?  That would put us around $10k.. and again just seems like a pie in the sky wet dream, but I am willing to HODL through such nonsense if it were to occur (and buy if I were to have much if any money left at that point.. there still some cashflow that I have)... anyhow, fuck those twats.. we are not in a bad place.. and gotta get below $25k first.. and sure.. been testing $30k several times, and it could end up breaking like $6k broke in late 2018.. but this is not late 2018... so having my doubts.. yeah it could happen.. but cross that bridge when we get there (that is if we get there).  Did I say fuck those beartwat, FUDspreader, bitcoin naysayers, yet?