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

[El duderino_]

Stock market taking us down again. So stupid.

Until it doesn’t anymore… At some point

[1714239269]

1714239269

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  


Edit - Not selling obviously but not feeling particularly bullish atm.

[ChartBuddy]

Explanation

[Dabs]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now 

This article was made just for you.

https://bitcoinmagazine.com/markets/bitcoin-price-up-over-seven-thousand-percent-in-five-years

Worried About The Dip? Zoom Out, Bitcoin Is Up Over 7,000% In 5 Years
It is easy to get trapped in watching short-term price fluctuations of BTC, so it helps to zoom out and learn more about Bitcoin.

[BobLawblaw]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  
Edit - Not selling obviously but not feeling particularly bullish atm.

 A handsome, tall black fellow, wearing fashionable yet comfortable clothing approaches you from out of nowhere. A well worn tan cowboy hat adorns his head, suggesting an untold history of experiences and legends yet to be revealed.

 You notice the man is carrying two dull circular metal plates, pocked with spherical indentations and scrapes - Clearly having been punished to their material limits.

 The man holds out the two plates, with his left arm - somehow defying the laws of gravity.

 With his right arm, he tips his hat, and mutters "You are going to need these more than I do right now".

 The dark man turns, and walks off into the western sunset.

[LoyceV]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  

I'm too lazy to insert the "first time" meme, but you catch my drift.

Obviously I enjoy up more than down too, but the way up is never a straight line.

[UnDerDoG81]

The dips are no problem you get used to it. But the US/EU attacking Bitcoin/Crypto more and more is very worrying. One false flag attack (Terror attack on the US financed with Bitcoin - I bet they would find a ledger wallet under a burned down and collapsed skyscraper ) and we are done. Yeah they can not destroy Bitcoin. But a ban in the US would mean a ban in the rest of the world as the bully of the world will force it on everybody else. Yes Bitcoin would keep existing. But I promise you, not even at 4 digits anymore.

[JayJuanGee]

the spirit of Bitcoin is low these days, the price dump is heavy and people are unsure where this will lead to.

dont worry.

it is at the same place where it was around 30.09.2013.

in about 8 to 12 weeks we will have another great peak in the 200k to 400k area. Sit tight and hodl and look forward for these amazing times to come.

I surely have my doubts in regards to this exponential period playing out so similar to the 2013 fractal that you suggest to be relevant here.

Sure, anything can happen, but I am expecting that even though we may well be able to make it through $55k to $80k without much if any resistance (once we get into that price zone), at the same time, I would expect that we will see some resistance before 6 digits.. and yeah, your peak of $200k to $400k does come off as a fairly reasonable price range for a peak.. even though there would not be any kinds of assurances that this peak would necessarily end within such range or even play out in the next 2-3 months, as you also seem to be suggesting as a kind of "given."  In other words, we could have a price peak for this particular cycle that takes many more months to play out, even going as late as the third quarter of 2022.. even though I would expect that the odds for the peak happening sooner rather than later in 2022 (if it were to drag out into 2022)- second quarter more likely than 3rd quarter and 1st quarter more likely than 2nd quarter.

[Dabs]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  
Edit - Not selling obviously but not feeling particularly bullish atm.

 A handsome, tall black fellow, wearing fashionable yet comfortable clothing approaches you from out of nowhere. A well worn tan cowboy hat adorns his head, suggesting an untold history of experiences and legends yet to be revealed.

 You notice the man is carrying two dull circular metal plates, pocked with spherical indentations and scrapes - Clearly having been punished to their material limits.

 The man holds out the two plates, with his left arm - somehow defying the laws of gravity.

 With his right arm, he tips his hat, and mutters "You are going to need these more than I do right now".

 The dark man turns, and walks off into the western sunset.

That's nice. I feel like the plates would have either stamped, engraved, or etched characters in them. Could it be 12 to 24 words?

[goldkingcoiner]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  


Edit - Not selling obviously but not feeling particularly bullish atm.

Same here. But rather than not feeling bullish, I am feeling the point to buy the dips is coming soon.

[HI-TEC99]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  


Edit - Not selling obviously but not feeling particularly bullish atm.

It might be just noise.

https://www.bbc.co.uk/news/business-58632681

However, other analysts played down fears of a rout, noting that September is typically a bad months for stocks.

"Overall, September continues to live up to its bad reputation as historically the weakest month of the year. But that doesn't mean it can't rebound," said JJ Kinahan, chief market strategist at TD Ameritrade.

And Lindsey Bell of Ally Invest said any pullback may be short-lived.

"Much of investing is about sorting through what's signal and what's noise," she said. "While there is concern about the Evergrande situation infecting global markets, for the long-term investor, this situation may just be noise."

[gallianooo]

the spirit of Bitcoin is low these days, the price dump is heavy and people are unsure where this will lead to.

dont worry.

it is at the same place where it was around 30.09.2013.

in about 8 to 12 weeks we will have another great peak in the 200k to 400k area. Sit tight and hodl and look forward for these amazing times to come.

I surely have my doubts in regards to this exponential period playing out so similar to the 2013 fractal that you suggest to be relevant here.

Sure, anything can happen, but I am expecting that even though we may well be able to make it through $55k to $80k without much if any resistance (once we get into that price zone), at the same time, I would expect that we will see some resistance before 6 digits.. and yeah, your peak of $200k to $400k does come off as a fairly reasonable price range for a peak.. even though there would not be any kinds of assurances that this peak would necessarily end within such range or even play out in the next 2-3 months, as you also seem to be suggesting as a kind of "given."  In other words, we could have a price peak for this particular cycle that takes many more months to play out, even going as late as the third quarter of 2022.. even though I would expect that the odds for the peak happening sooner rather than later in 2022 (if it were to drag out into 2022)- second quarter more likely than 3rd quarter and 1st quarter more likely than 2nd quarter.

Overall agree. The top of the cycle can be postponed Q1 2022 even I don't really see a top very late in 2022. Except if we don't go so high as expected (I mean like the usual parabolic end of the cycle) and we just go up step by step, slowly. If happened, the down would be probably on the same way, without seing -85%+ (top to bottom, as we saw till now).
BUT i still believe in Halving timing, so anyway the top (fast or not) cannot take so much more times..

PS : Not agree on the 55-80K. If we crush 55K (or  from previous ATH 64K), I don't see much reason to stop at 80K instead of 95-98K for example (just below 100K). Would be "only" a 50% up from previous top. Nothing crazy.

[LoyceMobile]

The dips are no problem you get used to it. But the US/EU attacking Bitcoin/Crypto more and more is very worrying.

This doesn't worry me much. If anything, it's the opposite: if governments are afraid enough to try to ban something they can't ban, that just means they acknowledge bitcoin's potential.

[ChartBuddy]

Explanation

[JayJuanGee]

We knew the world would not be the same. A few people laughed, a few people cried. Most people were silent.

You surely were not silent in your whining about bitcoin's BIG blocks, but surely glad that you (fatty) have come around to see the light and act as if you were on board the bitcoin train the whole time.  

hahahahahaha

Go figure.  

Pepper Your Angus.

This crash is only just getting started. Sub 30k coming.

HFSP.

Only sub $30k?  What happened to sub $10k and sub $20k?  Those predictions of yours were just a couple of months ago, and they did not work out very well for you Mr. Nocoiner.  right?  Were you able to pick up coins in the sub $20ks or sub $10ks for that matter?

Billy was probably waiting for sub $20K when price was around $30K. Then at $20K, if price had got there, he'd probably be waiting for $10K, even though $15K would of likely been the low due to the 200 Week MA.

I was not speculating about what billy no coiner might have thought.  He actually got excited during one of our tests of buy support around $30k-ish and perhaps sub $30k and stated that he considered sub $10k to be inevitable, and we should have been (then) preparing our anuses for such... blah blah blah..  

Billy nocoiner is not much different from the other various stereo-typical trolls who have opportunistically come into this thread and spouting out bearish nonsense.. and surely sometimes they end up being correct during a longer bear cycle rather than a mere correction within the bull market, and surely none of us can really know with any certainty whether we are in a bear or  bull market - even if we might have our hunches that lean one way or another - and we surely do get a lot of throwing around the terms bear and bull market prematurely, to suggest that even bitcoin is going to change from one to another in short time periods comes off as nonsensical to a lot of us who have been in this space for a while, especially those of us who have learned to appreciate the power of the various longer term BTC price prediction models including both the stock to flow and four-year fractal models that have  decent amount of seemingly fair emphasis in considering BTC price moves (at least so far) in four year periods.

Now price has reached $40K, he is patiently waiting for $30K again. Probably at $50K he was waiting for $40K, but since chickened out of buying the dip after convincing himself $40K would break.

You seem to be giving that dweeb way too much credit in terms of his actual genuineness, to the extent that he has ever bought any coins and sold too much too soon and whether he is actually considering that there might be price points in which he would buy back in.

He seems to largely be here to just make negative predictions and to attempt to appeal to the fears and reservations that some weaker hands might have in terms of their investment into bitcoin.. in other words a typical troll/shill who either has no actual stake in bitcoin or is able to present his/her nonsensical FUD spreading ideas in a way that is separate from his her actual bitcoin holdings... even though it would make little to no sense for anyone who is actually educated about bitcoin to have zero stake in bitcoin (even though we do know that there are quite a few dumbasses who actually are that adamant in drinking their own inconsistent koolaide).

Sounds like a case of waiting for prices to drop $10K further during a correction, but then continuing to want to buy $10K lower.

Sure there are those kinds of people who exist too.. but I doubt that diptwat billynocoiner is one of those.

At $10K Billy would probably be waiting for $0K. This is why this strategy doesn't work.

My guess is Billy will end up fomoing in at $65K, after selling around ~$40K-50K.

Actually, there are folks who are going to end up FOMO-ing into bitcoin above $65k... maybe $80k and above... and sure some of those stubborn dumb fucks are going to take more than another cycle to play out before they get into bitcoin.. so maybe they would be buying in the supra $200k price arena.. but yeah for sure there is going to be variance in terms of these kinds of people who are currently knowing about bitcoin but failing/refusing to invest into bitcoin but at some point realizing that it is better to be in rather than continuing to fight the inevitable.

[OutOfMemory]

Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now  
Edit - Not selling obviously but not feeling particularly bullish atm.

 A handsome, tall black fellow, wearing fashionable yet comfortable clothing approaches you from out of nowhere. A well worn tan cowboy hat adorns his head, suggesting an untold history of experiences and legends yet to be revealed.

 You notice the man is carrying two dull circular metal plates, pocked with spherical indentations and scrapes - Clearly having been punished to their material limits.

 The man holds out the two plates, with his left arm - somehow defying the laws of gravity.

 With his right arm, he tips his hat, and mutters "You are going to need these more than I do right now".

 The dark man turns, and walks off into the western sunset.

That's nice. I feel like the plates would have either stamped, engraved, or etched characters in them. Could it be 12 to 24 words?

I was actually thinking of some sort of testicular protection, since LFC dropped a bearish comment. 
I'm not aware that he ever did that before 

[Torque]

PSA: My fellow WO'ers, there's a reason that the month of September has always traditionally been bad for stonks (and now Bitcoin is no exception).

Remember "Sell in May and go away"? Yep, deep pocket Wall Street traders sell off their positions in May so that they can go and play all summer long, take extravagant vacations, fuck off, etc.

So they come back to the trading table after August is over, ready to start fresh trading again.

You think they're just going to take up large positions again at whatever the current market price is? Nope. They are going to open large short positions first, and then short like hell, scooping up cheaper equities (and now sats) as the rest of the mom & pop retail traders freak out and sell. The MSM helps them out by spinning a convincing narrative of market doom and gloom.

Shit like this:
https://www.cnbc.com/2021/09/20/cramer-says-take-crypto-profits-cites-evergrande-related-tether-risks.html

So cheer up and BTFD.

Remember that for them, the stonk market has to end at least +10-12% in the green for the year by Christmas or they are losing wealth. And this includes Bitcoin.

[OutOfMemory]

^ In Sept. 2017 BTC also dipped quite a bit, but it was mostly going up (daily) from that point onward.
I remember buying in the first time a few weeks earlier and Bitcoin dropped down a little bit above the price it was when i bought.
I also panic sold a few days after i bought, just to buy in again one or two days later, when it was going up again. I'm glad i didn't make this mistakes later in Sept 2017.
#hodl

[LFC_Bitcoin]

^ In Sept. 2017 BTC also dipped quite a bit, but it was mostly going up (daily) from that point onward.
I remember buying in the first time a few weeks earlier and Bitcoin dropped down a little bit above the price it was when i bought.
I also panic sold a few days after i bought, just to buy in again one or two days later, when it was going up again. I'm glad i didn't make this mistakes later in Sept 2017.
#hodl

Just looking at past bitcoin prices & September 2013 caught my attention.

29 September 2013 - Price was $137
The top for that cycle, a few months later in 2013 was over $1,100.

Now, if we can even do 3 or 4 x the current price I will be the happiest man alive.