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Question: Price prediction for the May 21 weekly close:
<$20,000 - 7 (8%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.3%)
$24,000 - $26,000 - 3 (3.4%)
$26,000 - $28,000 - 7 (8%)
$28,000 - $30,000 - 12 (13.8%)
$30,000 - $32,000 - 20 (23%)
$32,000 - $34,000 - 8 (9.2%)
$34,000 - $36,000 - 6 (6.9%)
$36,000 - $38,000 - 3 (3.4%)
$38,000 - $40,000 - 2 (2.3%)
>$40,000 - 17 (19.5%)
Total Voters: 87

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25639850 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. (168 posts by 4 users with 9 merit deleted.)
ChartBuddy
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December 10, 2021, 05:01:26 AM


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December 10, 2021, 05:39:34 AM

We will go up again when most plebs have lost hope. We might even dip below $40,000 but then the rocket to $100,000 will ignite. Moon in Q2 or Q3 2022. The 4 year cycles are over, this time is different.

I am not disagreeing with the possibility or even likelihood that the top for this cycle could end up playing out in Q2 or even Q3 of 2022... yet we would still need to see how the data plays out in order to be able to determine that the four year cycles are dead.

Ultimately, we need more data.. and don't get me wrong.. I am not against having some tentative theories about the breaking of patterns, but I would hate to prejudge those patterns with incomplete data and then to later witness that the subsequent playing out of data ends up putting us in a place that was largely not so far from the previous model that we prematurely rejected (or prematurely presumed such old model to have little to no value when the old model did in fact have a lot of value.. the timing of the price playing out therein was just off/delayed).


Friends of patterns and lines squigglies: Would touching $46k today make it a double bottom? Yes or no?

FTFY
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December 10, 2021, 05:46:05 AM


We're seasoned hodlers; we got this!




Congratulations Then

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December 10, 2021, 05:49:52 AM

We will go up again when most plebs have lost hope. We might even dip below $40,000 but then the rocket to $100,000 will ignite. Moon in Q2 or Q3 2022. The 4 year cycles are over, this time is different.

I am not disagreeing with the possibility or even likelihood that the top for this cycle could end up playing out in Q2 or even Q3 of 2022... yet we would still need to see how the data plays out in order to be able to determine that the four year cycles are dead.

Ultimately, we need more data.. and don't get me wrong. I am not against having some tentative theories about the breaking of patterns, but I would hate to prejudge those patterns with incomplete data and then to later witness that the subsequent playing out of data ends up putting us in a place that was largely not so far from the previous model that we prematurely rejected (or prematurely presumed such old model to have little to no value when the old model did in fact have a lot of value.. the timing of the price playing out therein was just off/delayed).


Friends of patterns and lines squigglies: Would touching $46k today make it a double bottom? Yes or no?

FTFY

Well, I was expecting a new ATH after that $42K hits. I was ready to go on vacation but I had to cancel it.
IDK How long I have to wait.

Meanwhile me:

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December 10, 2021, 06:00:06 AM

Seeing 4 as the first digit in BTC price in December is pretty depressing. Do we need some gay xmas cards to cheer King Daddy? Will he present us with a huge green dildo for that?   Cool

Gut bacteria turned sour on Tuesday.

We're getting fucked sideways through at least end of Q1 2022 is the vibe I'm getting.

Historically, your gut has been wrong quite a bit, but even something like sideways until the end of Q1 does not seem that bad (at least compared to some other predictions that are suggesting sideways for up to a year... which by the way seems to be wrong, too).

Regarding the substance of a sideways until the end of Q1, that does not sound implausible.  I do believe that we are in a war; however, it makes way more sense to experience consolidation in a range of something like $40k to $55k than it would be to be consolidating at or near the top... so surely consolidating in something like a 20% to 45% correction zone does not even sound unreasonable.. even though I am tentatively considering it too soon to be saying that we have fallen too much into consolidation when we are only around 30days out from our previous ATH price of $69k.. on the 9th of November, no?

Let's see how the next week or two play out...

[edited out]

Well, I was expecting a new ATH after that $42K hits. I was ready to go on vacation but I had to cancel it.
IDK How long I have to wait.

Meanwhile me:



Fair enough.

We did get a pretty good bounce off of $41,967.. and our subsequent stagnation does seem to show that we cannot get too presumptuous about price direction - and the most presumptuous we could reasonably get is trying to figure out where we are at... and hopefully preparing financially and psychologically for decent probabilities that we could go in either direction....

So, a few days ago, I was tentatively toying with the idea that no man's land has now moved to new price boundaries, which would be something like $62k to $92k, and so it could take a bit of time for us to get back into noman's land... and gosh who wants to be testing $42k again?  Of course, if you are fairly new to bitcoin and to stacking (accumulating), then you may well have a practice in which you are not really bothered by a lack of BTC prices going up.

I do see how some longer term HODLers could get impatient with where we are at.. because there was an anticipation that we were going to be going further UP... and maybe there is a lot of pain.. or a lot of folks to reck to cause some egg on the face.. and if the momentum has been temporarily stopped or delayed.. then several of us may well need to reassess..whether we are currently in a place of adequate preparation.. psychologically and financially.
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December 10, 2021, 06:01:36 AM


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December 10, 2021, 06:48:26 AM
Merited by vapourminer (1), JayJuanGee (1)

Bitcoin vs Visa there are 100s more differences where bitcoin shines better than Visa this is just one example call it Final Settlement

The #Bitcoin  Network compared to VISA

Facts:

The #Bitcoin  Network FINAL SETTLES ~4-7 TPS (transactions per second)

Visa final settles ZERO TPS

The confusion...

Visa can APPROVE 1700 TPS
Approvals are not settled transactions
Visa's FINAL SETTLEMENT can take months



Months after each Bitcoin Network Block is audited, settled and written to an immutable blockchain

Visa still struggles to settle the transactions on their network.  Those transactions were ONLY approved but not PAID and require teams of people to complete



VISA

1.  Visa approves a transaction on a Friday
2.  The $ gets deposited into the merchants account on Monday or Tuesday (5 Days)
3.  The customer gets invoice/bill 30 days later (30 days)
4.  Customer can contest charges for 60 days
5.  If Customer contests charge (cont)




5 (cont) Visa can auto debit the merchants account and TAKE THE MONEY OUT, Transaction rescission
6.  In order to get all this done during this 60 day period Visa needs 20,000 employees on every continent on the planet. They need lawyers, lobbyists, a CEO and others



Each Bitcoin is FINAL SETTLED and AUDITED in 10 minutes

#Bitcoin  transactions have No credit risk, no counter party risk, no human error risk, no CEO, no lawyers

Visa has 60 days of problems

You cannot compare an approval from VISA to a Final settled #Bitcoin  transaction


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December 10, 2021, 07:01:25 AM


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December 10, 2021, 07:31:32 AM

The thing I absolutely like about DCA bitcoin investment is you could probably stack more at less price which is what Saylor has done

Like seriously man he has acquired more than 120k Bitcoins at an average price of $29k which means he is already purchasing bitcoins at a past rate as the 2020 ATH was around $29k and closed at around $28k so he is making billions with it already even it dips below $40k also he doesn't give a fuck and will gain more out of it :

Bitcoin 2020 price charts



So he has managed to acquire them all at far below levels than current and is continuing to do so with the company funds going high with the profits out of it.He is making some big moves there.
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December 10, 2021, 08:01:27 AM


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December 10, 2021, 09:01:36 AM


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December 10, 2021, 09:11:46 AM
Merited by JayJuanGee (1)

Many will leave and many more gonna come… but Bitcoin is here to stay getting stronger day by day.

I didn’t even know there’s something called “wallet maintainer”.

I am officially stepping down as a maintainer of Bitcoin Core.

Serving as the wallet maintainer for the past three years has been an absolute privilege, and I want to thank my incredibly generous sponsor John Pfeffer (@jlppfeffer) for his support throughout. /1


Who’s this John Pfeffer by the way?

I also wonder where does the Theymos stands in this regards. Since Bitcoin Core has been a team and he’s part of it if I’m not mistaken.
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December 10, 2021, 09:36:09 AM

So he has managed to acquire them all at far below levels than current and is continuing to do so with the company funds going high with the profits out of it.He is making some big moves there.

He's buying up something like 25% of all newly mined coins. One more Saylor and FOMO will go crazy!
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December 10, 2021, 09:44:25 AM

So he has managed to acquire them all at far below levels than current and is continuing to do so with the company funds going high with the profits out of it.He is making some big moves there.

He's buying up something like 25% of all newly mined coins. One more Saylor and FOMO will go crazy!

Hopefully he can stomach a crypto winter because if he can’t it would be very bad for the price. Nothing he’s shown so far would suggest he could have salad hands though. He’s buying most dips with conviction.
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December 10, 2021, 09:56:56 AM

End of civilization is near I can feel it.

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December 10, 2021, 10:01:26 AM


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December 10, 2021, 10:19:36 AM
Last edit: December 10, 2021, 12:03:11 PM by Shamm
Merited by JayJuanGee (1), shahzadafzal (1)

Sometimes the price Will Rise sometimes Down
I just got this.
An electrician shows how he loves BTC
Shamm the electrician
I just wearing my hard hat in the site but sad to say my work mate did not even ask what's the sign is.

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December 10, 2021, 11:01:28 AM


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December 10, 2021, 11:35:10 AM
Merited by El duderino_ (2), JayJuanGee (1), kurious (1), bitcoinPsycho (1), somac. (1)

Yesterday's sell-off wasn't related to the derivate markets, nor to a rush of hodlers to sell in fear of a bear market. So, this probably means that OTC desks are the culprit and possibly highly involved in the last month selling pressure. Whether it is one rotten whale or a bunch of hedge companies looking for some profit at the end of the year is irrelevant. These were just some ill timed big sales in a bull market. Now there is no reason for this to continue much longer - the supply of coins on exchanges continues to decline (unlike 2017), open interest and high leverage longs are no more, no FUD, ban, etc. news are around.

Historically, each bigger sell-off continues maximum one month after the local top, so we must be close to a reversal now. Perhaps the only thing in favour of the bears is the fear that 69K was the top of the cycle and it will be followed by a 85% correction. And probably this will lead to more high leverage shorts than before and less high leverage longs. In that case, we definitely will see at least one big short squeeze in 2022. As seasoned hodlers we know that if 95% of the traders expect a certain movement, in reality the opposite happens. It is too early to tell but may be the time has arrived when we see no more 2-3 year bear markets. Instead, a new pattern may be formed: 2 months of some increase, followed by 1-2 months of a correction, cleansing the weak hands, and resuming the upward movement.
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December 10, 2021, 11:57:24 AM
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Asia always with the selling

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