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

[Majormax]

Aren't you worried about how long you will live?

If you're a purple bloated leaking gasbag with millipedes crawling out your eye sockets then you tend not to worry about such things any more.

Anyway I remember you offering Rpietlia some health advice once upon a time and look what happened to him.

I think Rpietlia didn't need physical health advice. His reactions to events just seemed to follow a bipolar schedule.

[HairyMaclairy]

Yes the real challenge is breaking the yellow bear line which is currently sitting around 5K

[goldkingcoiner]

Yes the real challenge is breaking the yellow bear line

Seems very doable by january

[HairyMaclairy]

We didn’t break it until October 2015 (equivalent of October 2019) last time around.  Breaking it marked the very start of what became the 2017 bull market.  


The current bear line will be at $1,500 in October 2019 which is a reason for us to still be very careful and not get too excited in December 2018.  

Of course breaking it early (January 2019) would be very bullish.  

[goldkingcoiner]

Certainly dumping back to 1-2k would set bitcoin back for a year... But I think there would have to be huge fud to trigger such an event. Bear whales have got to be exhausted at this point...

[rolling]

We didn’t break it until October 2015 (equivalent of October 2019) last time around.  Breaking it marked the very start of the bull market. 

I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015.

If the shorters think this will be the same as 2015, there's a good chance they give their BTC profits back and further fuel the price on the way up.

[HairyMaclairy]

Degens

[bitserve]

This is getting interesting...

[JayJuanGee]

Aren't you worried about how long you will live?

If you're a purple bloated leaking gasbag with millipedes crawling out your eye sockets then you tend not to worry about such things any more.

Anyway I remember you offering Rpietlia some health advice once upon a time and look what happened to him.

I think Rpietlia didn't need physical health advice. His reactions to events just seemed to follow a bipolar schedule.

If you ever saw pictures of him, it was not a pretty sight.  Looked pale and like a kind of skinny/fat.... like he had never worked out a day in his life, and also, he said that he was smoking cigars.  Did not seem like a energy production combination, which could even contribute to the seeming pickled vegetative state of his brain - the likely chemical imbalances.

[JayJuanGee]

We didn’t break it until October 2015 (equivalent of October 2019) last time around.  Breaking it marked the very start of the bull market. 

I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015.

If the shorters think this will be the same as 2015, there's a good chance they give their BTC profits back and further fuel the price on the way up.

So you are suggesting that the next rise is going to be more exponential rather than gradual... so we are going to enter into a quick upturn that goes past ATH in 3-6 months rather than in 1-2 years?

At this point, it seems that either scenario could play out, and we cannot really call which of the scenarios would be more likely ahead of time, especially at our current price point, where we are possibly only in the beginning of such upwards price move (assuming that we are going up from here, which is a decently-sized assumption in and of itself). 

[jojo69]

don't get your hopes up too far Bob

I mean, I know you're a big boy and all...but the pain man

[d_eddie]

We didn’t break it until October 2015 (equivalent of October 2019) last time around.  Breaking it marked the very start of the bull market. 

I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015.

I also think the next bull run is going to be different, but in the opposite way. Too many old schoolers have been blind enough not to cash out at or near the last ATH. I think those guys will sell a pretty chunk between 10k and 20k, so a tentative parabolic rise could well stop short of breaking through the roof.

[gentlemand]

I also think the next bull run is going to be different, but in the opposite way. Too many old schoolers have been blind enough not to cash out at or near the last ATH. I think those guys will sell a pretty chunk between 10k and 20k, so a tentative parabolic rise could well stop short of breaking through the roof.

They said the exact same thing about the return to the $1000 level. Look what happened there.

[bitserve]

But this time is different!

[rolling]

We didn’t break it until October 2015 (equivalent of October 2019) last time around.  Breaking it marked the very start of the bull market. 

I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015.

I also think the next bull run is going to be different, but in the opposite way. Too many old schoolers have been blind enough not to cash out at or near the last ATH. I think those guys will sell a pretty chunk between 10k and 20k, so a tentative parabolic rise could well stop short of breaking through the roof.

Really anything is possible but $100k is my target to sell a little bit and I have held that view since 2013. I think there are a lot more like me out there. $15k-$20k will free up some coins for sure but not as many as you might think.

[JayJuanGee]

We didn’t break it until October 2015 (equivalent of October 2019) last time around.  Breaking it marked the very start of the bull market.  

I'm having a hard time believing the next bull run is going to follow the 2015-2017 cycle. The shorters and panic sellers did a good job of painting the charts to match the last draw down (human nature to find repeating patterns) but I don't think they're going to have as much control over the next rise. The dynamics are different now. When people see the price rise, they're going to think it's 2017 again, not 2015.

I also think the next bull run is going to be different, but in the opposite way. Too many old schoolers have been blind enough not to cash out at or near the last ATH. I think those guys will sell a pretty chunk between 10k and 20k, so a tentative parabolic rise could well stop short of breaking through the roof.

The same is said, every time.

You are not saying anything new.

There are a lot of threads on this forum in which a bunch of peeps are asserting that they would sell before $1k or $2k.. .blah blah blah.. but when push comes to shove, the supposed selling ["this time"] does not make any kind of significant difference.

Edit:
O.k.... I got beaten to this... (gentlemand/bitserve) but, so what, I am going to let my phraseology stand.

[jojo69]

oh boy

[HairyMaclairy]

I haven’t seen green shaved candles like that in a while

[Bitcoinaire]

We're now post bubble for the first time with actual legitimacy, CME/CBOE futures. Add in Bakkt, fidelity, NASDAQ, etc., we're in uncharted territory. This next bubble could be the "Big One."

[gentlemand]

We're now post bubble for the first time with actual legitimacy, CME/CBOE futures. Add in Bakkt, fidelity, NASDAQ, etc., we're in uncharted territory. This next bubble could be the "Big One."

Give it just a teensy weensy bit more time? Maybe 2-3 months rather than days?

What would delight a whale more than to get your hopes up for Christmas and then slide his gnarled, warty phallus so far up you that it pushes your Christmas pudding back out your nostrils.