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Question: Highest price we'll see in 2022:
50,000 - 0 (0%)
60,000 - 0 (0%)
70,000 - 0 (0%)
80,000 - 0 (0%)
90,000 - 0 (0%)
100,000 - 0 (0%)
125,000 - 0 (0%)
150,000 - 0 (0%)
175,000 - 0 (0%)
200,000 - 0 (0%)
225,000 - 0 (0%)
250,000 - 0 (0%)
275,000 - 0 (0%)
300,000 - 0 (0%)
>300,000 - 0 (0%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25525642 times)
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machasm
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October 27, 2021, 04:17:45 PM
Merited by JayJuanGee (1)

At this stage I don't understand why every Tom, Dick, Harry and their dogs aren't buying Bitcoin.

What the fuck are people waiting for?

The news is literally reporting in the UK that inflation will hit 5.4% next year.
I'm of the opinion they always under report this. So real figures will be higher surely.

People are fine with getting 5-6% minimum poorer every year yeah?

Are people under the illusion that the precious money they are shoving into their private pensions somehow won't be affected by this?

What the fuck are people doing?

Gold sucks as has been pointed out.
Property most people can't afford or becomes a fucking headache with renters etc.

Why exactly are people waiting and watching themselves getting poorer?

Still hoping on that "inevitable" lottery win as long as they keep playing?



As much as I hate to say it I think the reason is that most people still don’t understand what is going on. Others still dont know how to HODL bitcoin or how to get a hold of it or think it is still a “risky” investment due to the MSM scare mongering.
We need another cycle or even two before the masses really start to understand what is going on.
On a good note that means that it is still early for the rest of us.
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serveria.com
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October 27, 2021, 04:33:45 PM
Merited by d_eddie (1)

At this stage I don't understand why every Tom, Dick, Harry and their dogs aren't buying Bitcoin.

What the fuck are people waiting for?

The news is literally reporting in the UK that inflation will hit 5.4% next year.
I'm of the opinion they always under report this. So real figures will be higher surely.

People are fine with getting 5-6% minimum poorer every year yeah?

Are people under the illusion that the precious money they are shoving into their private pensions somehow won't be affected by this?

What the fuck are people doing?

Gold sucks as has been pointed out.
Property most people can't afford or becomes a fucking headache with renters etc.

Why exactly are people waiting and watching themselves getting poorer?

Still hoping on that "inevitable" lottery win as long as they keep playing?



Because "magic internet money" is for "pedos" and "drug dealers"  Grin
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October 27, 2021, 04:37:30 PM

I SOLD....something else, haha.
House renovation, shmanovation.
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October 27, 2021, 04:39:12 PM
Merited by JayJuanGee (1)

I SOLD 1% of my btc to pay my crypto taxes from 2017. First time ever I cashed out for fiat. Feeling like a monster now Sad

I absolve you from your sins my son, in the name of our Father Satoshi Nakamoto and the Holy Spirit of our King Bitcoin!  Cool
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October 27, 2021, 04:52:11 PM

People say first top in April at 65k and afterwards we had a dogecoin rally. Now we had 67k and a shiba rally.

But looking at the data, we are far away from a 2nd top.
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October 27, 2021, 05:01:25 PM


Explanation
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October 27, 2021, 05:07:27 PM

I'm calling it



if we currently have 2 dog meme coins with about $60 bil sum market capitalization, surely an AZZ (or BTM?) coin depicting nice bottom like this could be worth, say, $10-20 bil.
Just make it with 1 SEXtillion tokens....almost a business prop idea, lol
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October 27, 2021, 05:10:53 PM

At this stage I don't understand why every Tom, Dick, Harry and their dogs aren't buying Bitcoin.

What the fuck are people waiting for?

The news is literally reporting in the UK that inflation will hit 5.4% next year.
I'm of the opinion they always under report this. So real figures will be higher surely.

People are fine with getting 5-6% minimum poorer every year yeah?

Are people under the illusion that the precious money they are shoving into their private pensions somehow won't be affected by this?
Apparently so. I even know supposedly financially savvy people who aren't even investing (beyond their safe 401k).

Property most people can't afford or becomes a fucking headache with renters etc.

The problem now with RE as a rental investment, is that most housing/apartments where people want to rent (i.e., in a city close to work options) have sky-high yearly property taxes to pay. And this whole "renters moratorium" gave everyone who even thought about being a future landlord some pause. Imagine going to 12-18 months without your renter paying you monthly for rent, and you can't kick them out. Unbelievable the times we live in now.
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THE NEXT 2.4 YEARS ARE CRITICAL🍄💊


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October 27, 2021, 05:11:30 PM

I'm calling it



if we currently have 2 dog meme coins with about $60 bil sum market capitalization, surely an AZZ (or BTM?) coin depicting nice bottom like this could be worth, say, $10-20 bil.
Just make it with 1 SEXtillion tokens....almost a business prop idea, lol


Great idea 💡
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October 27, 2021, 05:12:51 PM
Merited by jojo69 (1), d_eddie (1)

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October 27, 2021, 05:15:12 PM

Rainy day - idly looking at world news.

Had to laugh at news coming from Glasgow where the COP 26 Climate Convention is being held.

A fleet of 200+ luxury EVs has been put at the disposal of the delegates.

But there is a problem there are too few charging points for the vehicles in the city.

So some diesel generators have been hired for the task.

You could not fucking make it up.

In more pertinent Scottish news the wee dip is not quite over yet.



Wee dip?


I believe Scots call their First Minister, Nicola Sturgeon "Wee Nippy"

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October 27, 2021, 05:39:26 PM
Merited by AlcoHoDL (1)

How does it feel to be #homo-raped hard by a thick, veiny, green red dildo?

Now I know.

Only joking, this is ant stuff, noise, jitter. Want to see the real trend? Average out. 52-/208-week MA. Smooth as silk, cool as air. Such dips don't even register.

HoDL.

Hahahaha

On this https://bitcoinwisdom.io/markets/bitstamp/btcusd  website.. I keep my EMA/MA SETTINGS "indicator parameters" set with 26, 52, 104 and 208... so of course those would be showing the weekly averages (which also accounts for volume) for 6 months, 1 year,  2 years, and 4 years with different color lines (light blue, orange, pink-ish and dark blue respectively)...

Currently, on the weekly, those four lines show about:

26 - $44,595  (moving sideways-ish)

52 - $42k-ish  (moving Up)

104 - $25,786 (moving Up)

208 - $17k-ish (moving Up)

Of course, in the shorter timeframes, the lower averages change directions a lot easier and also are breached a lot easier than the higher averages, and since all of those are lagging indicators (because they are averages of weekly prices and also include trade volume, too), we cannot really determine BTC price direction from them exactly.. but we can get some sense of cushion (BTC price bottoms on various timelines) regarding how far up we happen to be from the current location (and the historical locations) of those various moving averages.

In about the last 8 minutes of PlanB's interview with Preston Pysch, he mentioned that his new floor model is an advanced way of attempting to measure floor - beyond the 200 week moving average, so in that sense PlanB is saying that his floor model gives more accurate short term measures specifically connected with BTC (whereas the 200-week moving average is vaguer and safer - because ongoingly bitcoin prices tend to be way above it on an ongoing basis).    In that portion of the interview, PlanB is a bit elusive about the math bases for his current "floor model," and surely I don't claim to really understand it - even though it may be worth looking into a bit more in order to attempt to possibly get a bit more accurate ideas in regards to shorter-term BTC floor prices.. Personally, I prefer to have some kind of an understanding regarding what I am talking about or considering rather than just rely on someone (such as PlanB) to tell me where the floor is, and in what time frame (even if, purportedly based on maths/sciences)..  blah blah blah.

This was a short lived low volume dip. Nothing to see here.



We should attempt to be realistic, if we can.

Combinations of low volume and high volume can be mixed in there quite frequently.

Of course, high volume is going to tell us that potentially a more meaningful battle is taking place or at least there is some level of seriousness behind the BTC price dynamic "happenings."  I am not going to rule out short-term low volume events because it only tells us what is happening at the moment, but it does not tell us whether the bearwhales are running out of ammo (or their willingness to employ it). 

Many of us know that if we end up witnessing a high volume dip coupled with a high volume reversal, we can gain confidence that the bottom may well be in.. no guarantees that the bottom is in, but the evidence is decently stronger in those kinds of high volume reversals. 

If we do not witness a high volume reversal, then we should continuously retain some skepticism regarding whether the most recent local bottom is "in" or not.. and frequently, if the volume stays relatively low (or at least not high), then we must rely upon getting some distance up the price ladder that would cause us to garner increasing levels of confidence based on cushion.. How much cushion is enough is likely another question.. ?  Frequently 5% to 10% can be helpful, but many times we have to get in supra 15% levels or so above our local bottom before confidence might be assured that such "bottom is in".. I know that peeps are capable of calling the bottom earlier than my supra 15% level is suggesting - and yeah call me a conservative when it comes to presuming the bottom too early.. and even if I start to presume any such bottom.. I become nervous if the cushion gets reached and then we start to fall back within striking distance in that 5% to 10% cushion zone.. which again.. just does not seem enough.. absent some stronger indications, such as a high volume reversal or something like that..
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October 27, 2021, 05:44:39 PM

I knew a devastating crash was coming!

I like your timing and sense of humor plus the fact that you are consistent with your math and science.

M.S. Mathematics - University of North Colorado https://www.unco.edu/  (home of the bears)





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October 27, 2021, 06:01:33 PM


Explanation
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October 27, 2021, 06:05:10 PM

I knew a devastating crash was coming!

I like your timing and sense of humor plus the fact that you are consistent with your math and science.

M.S. Mathematics - University of North Colorado https://www.unco.edu/  (home of the bears)


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If you think you fucked up, google "craig wright".


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October 27, 2021, 06:15:25 PM
Merited by BitcoinBunny (2), vapourminer (1), philipma1957 (1)

At this stage I don't understand why every Tom, Dick, Harry and their dogs aren't buying Bitcoin.

What the fuck are people waiting for?

The news is literally reporting in the UK that inflation will hit 5.4% next year.
I'm of the opinion they always under report this. So real figures will be higher surely.

People are fine with getting 5-6% minimum poorer every year yeah?

Are people under the illusion that the precious money they are shoving into their private pensions somehow won't be affected by this?

What the fuck are people doing?

Gold sucks as has been pointed out.
Property most people can't afford or becomes a fucking headache with renters etc.

Why exactly are people waiting and watching themselves getting poorer?

Still hoping on that "inevitable" lottery win as long as they keep playing?

You know what?
They don't care.
No?
Yes.
Because they are too distracted.
Distracted by everyday life, when they put all their time and effort into earning cash to consume things they really need and/or think thy need.
Distracted by the mass media. Everybody knows the latest memes and what the latest fart of celebrity (put any name here) sounds like.
Distracted by fear (Covid19, war, hostility within their society...) - also driven by the mass media
Like lab mice, which are distracted by running in the wheel.

In the end it's ok for most people if they have someone to blame for their problems. Politics, society groups, foreigners, bankers, maybe even bitcoiners...
Or tell me, how many people do you know who changed their lifes, all by themselves, for the better?
I bet it's a minority, and most other people will hate them when their lifes are miserable enough.

That's us humans.
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October 27, 2021, 06:20:52 PM
Last edit: October 27, 2021, 06:49:17 PM by JayJuanGee

... smells like option expiry, just about set your calendar by the bitcoin price these guys are so transparently manipulating now

... picking up pennies in front of the train is never a good idea though

Yo right.
I just mentioned oct21 futures and options expiry a few days ago and already forgot about it myself.
fuck my life  Tongue


yeah, bitcoin dumps almost every month because of this shit.

Why so down vroom?  You will likely continue to have a copter job in the coming months.. and a lot of employment.  No need to be looking at glass half full matters...

In other words, seems like a BIG "so what" to me.

Let them do what they are going to do.  It's not like they have been able to keep the BTC price down in the longer term, right?

If it was up to the futures/options manipulating dweebs we would still be sub-$10k, and that ship seems to have sailed quite a while ago.. nearly a year ago, if I recall.. ... and then they had another chance to try to keep the BTC prices below $30k.. and it seems quite likely that they were not too successful regarding that.  Anyone who is reasonable still expecting sub $30k coins in the coming year, or even ever for that matter?

In other words, let them have their little funzies along the way - as if several of us studying this space (and HODLing decent quantities of coins) do not have some decent clues regarding direction.. even if we might not really know for sure (or want to argue about) some of the specifics regarding how far we might be going and how long it might take to get there---- but directionally, many of us seem to have decent clues regarding where we are likely going.

What are the chances of a double top reversal? I need to keep stacking

About as high as the chance of this thing mining a block.

img]https://i1.wp.com/techarx.com/wp-content/uploads/2021/04/Mining-Bitcoin-on-the-Commodore-64-.jpg?resize=696%2C392&ssl=1[/img]

See, I have a funny feeling we gonna come down to $50k and hang around there for just a more few months



Don't be counting your negative nancy chickens too soon podyx.

I have seen you make those kinds of "out of touch" predictions plenty of times, and probably explains why you likely do not have enough coins.

Pobrecito.....


 Tongue Tongue Tongue



Wednesday cruising

Yeah new color… pealing off…

Don't be taking pictures, texting and driving...

 Angry Angry Angry Angry

Pro-tip: Don't never forget that the life of a bitcoiner is scarce.... ... (I feel like I need the assistance of Yoda here)...  Wink
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October 27, 2021, 06:22:46 PM
Merited by philipma1957 (3), JayJuanGee (1)

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October 27, 2021, 06:44:59 PM

ABSOLUTELY ASS-BLASTED WITH THIS DROP TO $58k.

How ever will we survive?

Time to take a nap and sleep on this...
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October 27, 2021, 06:49:36 PM

I'm calling it



Those are some pretty small shorts.. Is that what you mean?

I SOLD 1% of my btc to pay my crypto taxes from 2017. First time ever I cashed out for fiat. Feeling like a monster now Sad

Accepting your factual representations, 1% does not seem to me to be a very BIG mistake in terms of planning out your cashflow and having to possibly cash out some corn at a time that is anything other than your own choosing.

Let's say for example, you have something like 10 BTC (of course, you do not need to admit nor deny the quantity because I am using this as a kind of way to attempt to concretize aspects of the situation you have mentioned), and so you end up cashing out 0.1BTC (which is currently around $5,900).. If you had decided to resolve your "crypto taxes"** in 2018-ish (or even some time earlier), then you may well have had to cash out your hypothetical $5,900-ish at sub-$10k.. and perhaps even by using something close to a whole bitcoin...  .. anyhow, I guess that part of my point is that when you are dealing with relatively smaller percentages of your total BTC stash, you can see that even being forced to sell now, is not even bad for a person who may well have ONLY been in bitcoin for a wee bit more than 4 years-ish (also considering your forum registration date for my presumption)... .. ...

** By the way, I am not necessarily going to invite any discussion of what good or bad decisions that you may have made in regards to having "crypto" taxes to the extent that you are referring to anything other than bitcoin.. because going into those kinds of details would likely take us off-topic into a possible slippery-slope quagmire of irrelevance (and brain clutterening).
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