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

[mindrust]

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

$2.5K? 🤔

Yep 2.5k is a legit possibility. TA says so. Check this out:

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

We haven't seen a real capitulation yet.

[1714093336]

1714093336

[1714093336]

1714093336

[LFC_Bitcoin]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?

That's also how i feel. I know I have a decent position already but I also want to buy more from those cheap prices before it moons. But I also don't want to over invest neither.

Maybe I am losing my sanity.

Same really, I have a good position (HODLING) but I think you/I can always have more. Greed plays a big part in my thinking. I mean if it’s possible to buy x amount more whole bitcoin’s then when/if we reach $100,000 per bitcoin you’re talking about a big difference in personal net worth.

[infofront]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

We can keep limping along like this for a little while.
And don't call me Shirley.

[kenzawak]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?

I guess it depends :
-do you want to be rich now ?
-do you want to be richer later ?

I'm choosing "now" personally. I'm impatient. So yep I want the price to go up ASAP.

[Biodom]

We haven't seen a real capitulation yet.

ORLY.
Why 6.5 to 3.1 was not it?
Inquiring minds want to know.

I guess it depends :
-do you want to be rich now ?
-do you want to be richer later ?

I'm choosing "now" personally. I'm impatient. So yep I want the price to go up ASAP.

I would take 100K ASAP vs 1mil in 10 years anytime in the next year or two to be even more specific  

[LFC_Bitcoin]

I guess it depends :
-do you want to be rich now ?
-do you want to be richer later ?

I'm choosing "now" personally. I'm impatient. So yep I want the price to go up ASAP.

I’m cool with that brother!



Very much looking forward to the next epic upwards surge like Q3 2017.

[JayJuanGee]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

Oh my!!!   You are thinking $2.5k?   We have only gotten down to $3,122 so far.  I was hoping that, perhaps, $3,200 (or maybe $3,300) to $5k would be the BTC price range for the next year and maybe 18 months at the most, and thereafter we would probably have decent chances to break above $5k. 

Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

[mindrust]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

Oh my!!!   You are thinking $2.5k?   We have only gotten down to $3,122 so far.  I was hoping that, perhaps, $3,200 (or maybe $3,300) to $5k would be the BTC price range for the next year and maybe 18 months at the most, and thereafter we would probably have decent chances to break above $5k. 

Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

I rechecked the TA. $2.5k is only possible in the next 2 months if it ever happens. Once we leave June behind, the new bottom becomes $3.1k which is the current bottom we have.

[JayJuanGee]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?

That's also how i feel. I know I have a decent position already but I also want to buy more from those cheap prices before it moons. But I also don't want to over invest neither. (in case there will be a better opportunity to buy cheaper)

Maybe I am losing my sanity.

Looks like healthy thinking to me, except for the self-doubting part.

[sirazimuth]

...... 
Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

Whoa! A plethora of bottoms in that wordy pile and not even one nice bottom meme?

[LFC_Bitcoin]

...... 
Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

Whoa! A plethora of bottoms in that wordy pile and not even one nice bottom meme?

Hold my beer, I got this, man.

[JayJuanGee]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I’m caught in two minds -

1.) I want to buy as many bitcoin’s as I can for when we moon
2.) I want the price to go up ASAP

I change my mind as to which option I prefer day by day.

How does everybody else feel?

I guess it depends :
-do you want to be rich now ?
-do you want to be richer later ?

I'm choosing "now" personally. I'm impatient. So yep I want the price to go up ASAP.

Huh?

I have trouble with this above framework because it incorporates too many demands on wanting to get your way out of the BTC market, even though such BTC market and price remains almost completely out of your control.

Your actions are within your control, but the price is not.  So the price is merely a kind of hypothesis in terms of what you believe it will do in the future (short term and long term) and your betting on possible and probable price direction(s).  If you are ONLY betting on UP, then you are likely to get yourself into trouble both psychologically and financially.

Patience remains a key component... but also action taking that continues to prepare yourself both financially and psychologically for either price direction. 

These stagnant (or boring) periods (like our current situation), are great periods for regrouping and thinking about various ways that you might want to personally better prepare yourself for either BTC price direction without, hopefully, taking too many additional risks in either direction... while at the same time, perhaps increasing your actual risk-taking too (of course, with a way out in case such additional risk-taking does not play out how you had anticipated to be most probable of directions).

[sirazimuth]

Hold my beer, I got this, man.

I raise you mate...

[JayJuanGee]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

Oh my!!!   You are thinking $2.5k?   We have only gotten down to $3,122 so far.  I was hoping that, perhaps, $3,200 (or maybe $3,300) to $5k would be the BTC price range for the next year and maybe 18 months at the most, and thereafter we would probably have decent chances to break above $5k. 

Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

I rechecked the TA. $2.5k is only possible in the next 2 months if it ever happens. Once we leave June behind, the new bottom becomes $3.1k which is the current bottom we have.

Fair enough, and I guess I already made the point that I had wanted to make regarding presuming something to be part of the current actual price range when it has not even happened yet. 

We have not seen $2.5k since July of 2017.

[LFC_Bitcoin]

Jesus Christ, that’s a whole lot of fat ass!

Edit - I think I see TERA in there somewhere.

[Biodom]

the trend is bullish
bitcoin's success keeps the warmth
hoping for the best

[Saint-loup]

...... 
Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

Whoa! A plethora of bottoms in that wordy pile and not even one nice bottom meme?

This is Tom

[JayJuanGee]

......  
Furthermore, my "hope" was that the bottom would be in, even though I accept that there remains a slightly greater than a 50% chance that the bottom is not in... In other words, I don't want to presume that the current range goes down to $2.5k which would also presume that the bottom is not "in" even though I accept that there are greater than 50% chances that we could have a lower bottom - especially since such lower bottom has not happened yet.. which means that there are decent chances (maybe 45% to 48%) that no further bottom is going to happen in this correction cycle.

Whoa! A plethora of bottoms in that wordy pile and not even one nice bottom meme?

Thanks for pointing that out, sirazimuth.  Whoaza.... I did not even realize the severity of my word-repetition devolution.  Sucks to have my creativity lacking brain.  Like the horse in animal farm, I will work harder.

[JSRAW]

Still limping along in the same price range, there’s got to be a move up or down soon, surely?

Nope.

$2.5k-5k is the new boring range for the next 2 years. Don't expect anything more interesting than that. Keep accumulating.

I really don't mind if the price stays in the same range so that I can add more Satoshi in my very small bags.

[BitcoinGirl.Club]

See how they brainwash people to give your personal details so that they can build up empire and rule the nation.