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Question: Price prediction for the May 21 weekly close:
<$20,000 - 7 (8.1%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.3%)
$24,000 - $26,000 - 3 (3.5%)
$26,000 - $28,000 - 7 (8.1%)
$28,000 - $30,000 - 12 (14%)
$30,000 - $32,000 - 19 (22.1%)
$32,000 - $34,000 - 8 (9.3%)
$34,000 - $36,000 - 6 (7%)
$36,000 - $38,000 - 3 (3.5%)
$38,000 - $40,000 - 2 (2.3%)
>$40,000 - 17 (19.8%)
Total Voters: 86

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25622904 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. (160 posts by 2 users with 9 merit deleted.)
ChartBuddy
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October 04, 2021, 11:01:27 PM


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October 04, 2021, 11:28:15 PM
Last edit: October 04, 2021, 11:38:16 PM by Biodom

My desire for btc going above 55K and thereby f-ing that loud mouth "bear" Gareth Soloway might be considered schadenfreude, right?  Grin
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October 05, 2021, 12:01:36 AM


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October 05, 2021, 12:57:56 AM

Me feeding the trolls
Gentleman/ipulator
Which is which? Explain



#haiku
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October 05, 2021, 01:02:59 AM
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Looking at fingers
Look at the fantastic moon
Doors of fifty



#haiku
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October 05, 2021, 01:30:20 AM

Some guy on a car forum is telling me some shit about how I should only buy a used car that is certified inspected or I should pay for a ppi (pre purchase inspection) from a dealer to .. LOL .. “mitigate risk” he says..

Bless his heart.. I know he means well..

I just want to be like “Bro, I’m a risk junkie.. I HODL Bitcoin”..
“I lost more money than I’m about to pay for this car already 100 days this year”


I just mentioned this in a post here not to long ago..

Does Bitcoin desensitize us to risk?
Why are normies so risk adverse??

Like seriously.. Normies are incredibly risk adverse in everything in their lives..
Why?
I don’t get it..

I agree and understand how you may well consider bitcoin to be and to have been a risky investment; however, at the same time, I believe that there are ways to invest into bitcoin that cause it to be less risky than a whole hell-of-a-lot of other kinds of investments.

I also agree and understand that people vary in their readiness, willingness and abilities to embark upon risk, and frequently younger persons are more willing to take risks than older persons, and if we are getting back to bitcoin, the kinds of risk are both financial and psychological, but at the same time, again, I believe that there are strategies to account for your level of risk tolerance and to plan and create approaches that account for your individual situation when it comes to risk as one of the individualized factors that you should consider when or if you are going to invest into bitcoin.

Does Bitcoin desensitize us to risk?

I would argue, based on personal experience: No. It does not desensitize you to risk. May have the opposite effect and make you more risk averse.

Actually, there might be truth to this comment too.

Surely bitcoin has had a volatile history, and so when going through investing into bitcoin, if you are considering that bitcoin is causing you to increase your risk exposure, then like Bawb indicated, that increase in your risk exposure, might cause you to lessen your risk in other areas of your life.

Another thing could be true too.. Many of us likely recall how frequently and extensively Bawb was whining like a little baby during bitcoin's price drop in 2018 and perhaps extending into 2019, so those kinds of behaviors could serve as some kinds of evidence that BTC HODLers sometime might need to either get to a certain level of profitability before they start to feel that they are comfortable enough with their investment in order that the investment sends them back into risk taking grounds... so in some sense there could be some psychological elements in the expectations for profits, but if any of us become overinvested and we expect BTC's price direction ONLY to go in one way - which is UPpity, then we might start to whine like a little baby when the price goes against our expectations.

Personally, I prefer to create somewhat low expectations, including the way that I had ended up approaching my bitcoin investment. 

So when I got into bitcoin, I was wanting to get an average of at least 6% per year CAGR.... and maybe it did take me a few years of investing into bitcoin before it started to meet and exceed those first set expectations, so thereafter, I have been ready, willing and able to increase my expectations, even though my current approach of using the 208-week and the 104-week moving averages as my BTC bottom measuring points is still a pretty damned conservative  way of attempting to look at BTC, so in that sense, I feel that my ongoing investment into bitcoin really can allow me to be way the hell more risk taking - because the BTC price is way above and beyond either the 208-week moving average (currently about $16k) or the 104-week moving average (currently approaching $24,500).  What I am suggesting that those BTC bottom measuring prices are so damned far above my even loosest of average cost per BTC (which could be proclaimed to be around $1k), so that being at least 16x or 24.5x in profits by using the bottom prices or even close to 50x in profits if we use our current spot prices, as I type this post, causes a whole hell of a lot of financial and psychological comfort, so in that regard, the comfort levels can contribute to willingness to be risk-taking in other areas.... except for the problem if many of us might feel either super richie, approaching fuck you richie or above and beyond fuck you status, and therefore, we might choose NOT to take risks with certain aspects of our health because we may well feel that we have a lot of reasons to both live and not to injure ourselves because we have a decent amount that we could lose in a kind of opportunity cost way if we were to cause unnecessary damages upon our lil selfies. 
OgNasty
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October 05, 2021, 01:58:42 AM

Does Bitcoin desensitize us to risk?

I would argue, based on personal experience: No. It does not desensitize you to risk. May have the opposite effect and make you more risk averse.

It might desensitize you to volatility in crypto, but that’s about it from my experience. I’m used to the daily swings now. Losses that would have caused me to lose sleep and have a panic attack 10 years ago only bring a smirk to my face now. It does seem limited to crypto though. If my stock portfolio dips by a % point I feel like I have to eat ramen.
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October 05, 2021, 02:01:27 AM


Explanation
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yes


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October 05, 2021, 02:43:46 AM
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A few interesting points, also in relation to Bitcoin: http://feedproxy.google.com/~r/zerohedge/feed/~3/fOCe0MbqMqg/luongo-energy-subsidies-bitcoin-socialist-takeover-isnt

More entertaining thoughts: http://feedproxy.google.com/~r/zerohedge/feed/~3/g7mqPdttva8/hedge-fund-cio-chinas-attempt-crush-digital-assets-has-backfired-spectacularly
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October 05, 2021, 02:45:04 AM

Welcome to the next level gentlePeople; this is.



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October 05, 2021, 02:56:50 AM

My desire for btc going above 55K and thereby f-ing that loud mouth "bear" Gareth Soloway might be considered schadenfreude, right?  Grin

Are you on the same page as me, in regards to our likely entering of no man's land upon going above $55k?

We are going to be the best of budds, soontm... .... no homo.

Does Bitcoin desensitize us to risk?

I would argue, based on personal experience: No. It does not desensitize you to risk. May have the opposite effect and make you more risk averse.

It might desensitize you to volatility in crypto, but that’s about it from my experience. I’m used to the daily swings now. Losses that would have caused me to lose sleep and have a panic attack 10 years ago only bring a smirk to my face now. It does seem limited to crypto though. If my stock portfolio dips by a % point I feel like I have to eat ramen.

Fuck crypto...   

We are talking about bitcoin in these here parts.

Some of us here don't even know what crypto is... and that is not any kind of invitation to explain such vague-ass nonsense because it is probably off-topic anyhow, especially if it is some kind of an amorphous attempt to refer to shitcoins.... fuck shitcoins.

Welcome to the next level gentlePeople; this is.



I could swear that the "next level" looks just like the last level.
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October 05, 2021, 03:01:36 AM


Explanation
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October 05, 2021, 03:05:36 AM

dude why not just get the car inspected at a local mechanic you trust (fuck the dealer).  itll cost 100 bucks or so and hell put it up on the lift.  you would avoid getting fucked, plus you should know how to spot a pre-flooded car, or a rebuilt body job.  sucks to get fucked when buying a car.  if you dont care about money, then get a chauffeur service and never drive again lol
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October 05, 2021, 03:06:25 AM


Welcome to the next level gentlePeople; this is.



I could swear that the "next level" looks just like the last level.




I guess you are correct....


https://bitcointalk.org/index.php?topic=178336.msg25411482#msg25411482


I could return in 4 years and post that GIF again perhaps.
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October 05, 2021, 03:18:02 AM


Welcome to the next level gentlePeople; this is.



I could swear that the "next level" looks just like the last level.

I guess you are correct....


https://bitcointalk.org/index.php?topic=178336.msg25411482#msg25411482


I could return in 4 years and post that GIF again perhaps.

Well in November/December 2017, we seemed to have had a shift around that time.. maybe even twice.. once early in the year when we went from the sub $1ks into the $3k area.. and then again when we went into the $19k area from about $3k-ish, but then those higher price areas of supra $10k to $19k did not really stick until late 2020.. so this time around, we did seem to get a shift that happened from about $10k between about September 2020 that lasted until about April/May 2021 to $65k-ish.. but not sure if we are in the middle of another shift that is about to take place because really since May 2021 or so, we have been in kind of BTC price limboland.. correcting down to $28.6k and then just attempting to return back to where we were earlier in the year into the $50ks and hopefully above and beyond that. and perhaps another shift will be taking place, soontm?

I never really claim to know what is happening in terms of price.. even though it does feel like we could get another shift UP in the near future, and then perhaps another one or two shifts up in the next 4 years?  Hard to tell in advance, and sometimes it is hard to know even while in the midst of such shiftening - but when we look back, we can surely see and appreciate the progress that has been made.. especially if we (or you) happen to be a BTC HODLer and perhaps a BTC accumulator throughout, no?
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October 05, 2021, 03:59:53 AM

El Salvador now gives 20 cents off per gallon of fuel as fuel subsidy to the customers paying the bill with bitcoin.

A little step towards mass adoption.
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October 05, 2021, 04:01:26 AM


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October 05, 2021, 05:01:27 AM


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October 05, 2021, 05:15:14 AM
Last edit: October 05, 2021, 05:39:18 AM by Cryptotourist

About BTC being the greatest currency ever i also have to dissagree. I find Drachma the best currency , its resilliance against time and corruption has been second to none Smiley .

From ancient times till 2001

Perhaps you should extort for 3 drachmas then, I have plenty, and would sure give up a few if that meant that you would GTFO.

Greece always had a problem with it’s political leaders corruption (and treason), ever since the golden age/century of Pericles.
In modern times, the nails were put to the coffin in 2001, when we adopted the EUR.
At least we still have an identity, unlike the whole Skopje nation fuck up, that wants to be called “North Macedonia” - for reasons.
That’s an identity theft on a mass scale, if you catch my drift boyo.



I was fully expecting to hit $50k, before waking up this morning. Almost.
[yawn]
Never mind, this is Pumptober21, so I guess we’ll have to wait for a few days, hours longer.


EDIT:

This is the 60 Minutes interview with the FB whistleblower, interesting stuff:

https://www.youtube.com/watch?v=_Lx5VmAdZSI

She says she was motivated to accept the job after she lost a friend to online conspiracy theories. Imagine that such a thing was possible that obsessing about conspiracies could make people difficult to bear.

Oh it’s possible alright. Imagine being a cypherpunk, and your girlfriend turns into a FB/insta junky - unbearable.
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