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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25491513 times)
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ChartBuddy
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October 27, 2021, 06:01:33 PM


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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)


OutOfMemory
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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.....


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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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October 27, 2021, 07:01:25 PM


Explanation
proudhon
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October 27, 2021, 07:07:40 PM

Oh yeah, a new ATH is just around the corner /s

bitcoinPsycho
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October 27, 2021, 07:09:51 PM

Oh yeah, a new ATH is just around the corner /s



Proudhon see the light
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October 27, 2021, 07:16:25 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.

If you happen to believe any of that crap you are describing, you come off as distracted by shadows on a cave wall UnDerDoG81...

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.

I get a sense that the vast majority of people believe that they are doing their best based on the information that they have available to them.. even if they can look at their own historical performance and see that it could have been better... they still believe that they did the best that they could have based on the information that they had at the time that they made the various decisions to not invest in themselves adequately, whether that be bitcoin or some other kinds of investments. 

Actually, in retrospect, I can look at my own life prior to bitcoin, and I had thought that I had done pretty decently with around an average of a 5.5% annual return for 25 years or so prior to getting into bitcoin.. I had built a pretty decent nest egg.. but surely I could not really appreciate that all that I had done had mostly ONLY been keeping up with inflation, and probably I would have really gotten screwed if I had not found bitcoin.. and surely as I had already admitted that in large part, I found bitcoin in late 2013 because I was trying to find something like gold.. but I did not really like gold (fees, centralization and even costs of having to hold and verify yourself if you were to attempt to hold the physical)... so anyhow, again just feeling that I got lucky in terms of finding bitcoin and thereafter really having decent chances of actually beating inflation and getting into a more meaningful and significant fuck you status rather than what would have likely been a fuck you status that would have been annually eroded in much greater ways than realizable on the surface for many (if not most) normies - which I consider myself to largely be a normie who got lucky...
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October 27, 2021, 08:01:26 PM


Explanation
ChartBuddy
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October 27, 2021, 09:01:33 PM


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October 27, 2021, 09:22:48 PM

Oh yeah, a new ATH is just around the corner /s



Don't think you zoomed in enough. If you zoomed in a bit further you could have drawn a line that would take us to zero dollars in 2 hours.

Congratulations on your buffoonery though.
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October 27, 2021, 09:31:37 PM

I'm calling it



It is one juicy azz.. yummmy


It is hotter then Shiba Inu right now... or may b not
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October 27, 2021, 09:51:14 PM
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I'm calling it



It is one juicy azz.. yummmy


It is hotter then Shiba Inu right now... or may b not

The difference is that people who hold BTC can / will actually afford to have a go on that ass whereas the Shiba Inu holders will be left holding a billion tokens that will do jack shit once the hype is over. Just like the older dog.
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October 27, 2021, 09:53:12 PM

Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.

It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.
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October 27, 2021, 10:01:25 PM


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October 27, 2021, 10:07:52 PM

Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.

It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.

Billy “the salty” no-coiner

Cheers
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October 27, 2021, 10:23:44 PM

Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.

It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.

Thanks for showing us that there was no reason for any of us to have had been dumb enough to actually feel sorry for you and your no coiner nonsense..

I suppose that there could be a few stages that you could get coins.. the most certain for anyone who actually has no coins would be to get some under $59k.. at current prices.

Alternatively, you may be able to get some coins for a few thousand cheaper than current prices, but there is no guarantee (that's for sure), and waiting for lower prices may well show that you are greedy rather than prudent.  

Any recommendations regarding when to sell and/or when to buy should account for individual circumstances, and not too many of us in these parts recommend engaging in all or nothing preparations - and selling all to buy back lower is surely a losers game (which just based on what you are saying, you do seem to be a loser billynocoiner).  

Anyone who is genuine who wants to get into details regarding strategies for accumulating BTC that might be more applicable to someone who is genuine, might want to suggest a scenario..

Frequently, I had outline circumstances for some hypothetical person(s) (newbies, perhaps?) who might be new to bitcoin and have lump sum amounts (perhaps $12k) and cashflow (perhaps $1k per month) and to be able to prepare based on something like that.  

There are a variety of approaches to include dollar cost averaging, lump sum investing and buying on dips... and selling to buy back lower remains a losers game without fleshenening out some details.. including that billy no coiner seemed to have come to this thread in July 2021 when the BTC price was at the low of the May through July dippening at around $30k, and likely sold all of his BIG ASS stash of 0.0613483 BTC at that $30k-ish point.. that is if he had any BTRC to begin with... so hard to base any kind of prudence in terms of considering BTC accumulation strategies upon any of his ongoing desperate nonsense pleas.
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