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Question: What happens next?
$7,500 - 53 (63.1%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21435689 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. (129 posts by 23 users deleted.)
Toxic2040
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May 23, 2019, 08:18:01 PM

The price is about $3k higher than it should be at this part of the cycle.   We are already higher than what the December 2019 peak should be. It’s all gravy.



Am I the only one kind of wishing their lives away until a point in the future, probably late 2021 or something?

No, I've got kind of a low key depression going on. I should be enjoying every moment of life, but I feel like I'm just going through the motions every day and just trying to "survive" until I can retire within 2-3 years, hopefully.

It makes me wish I was in a coma for three years. ATM, I'd probably be happier if I never heard of bitcoin. Weird situation  Huh  And I feel bad for feeling bad about this.

We need a fucking therapist in this thread.

Edit: Bob's suggestion of stasis would be better than a coma




On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.


----------

and bawb..on further thought..

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infofront
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May 23, 2019, 08:33:33 PM
Merited by Paashaas (1), kingcolex (1), BobLawblaw (1)

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.
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May 23, 2019, 08:49:06 PM
Merited by vapourminer (1), gentlemand (1), infofront (1), fillippone (1), MrFreeRoMan (1)

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.

I’ve had bouts of depression for years. Nobody would be able to tell by looking at me, I have friends, a good looking gf, I have money, I travel, I’m covered in tattoos. I don’t look like somebody who would be depressed but I guess how do you know what somebody who is depressed looks like?

I’ve had periods of heavy Class A drug use & times where I’ve had extreme paranoia.

Going outside, being outdoors helps a lot. Keep a good group of people around you. A small group of trustworthy people is better than a large group of assholes.

If you need to talk ever, PM me.

STT
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May 23, 2019, 08:52:06 PM

Quote
The price is about $3k higher than it should be at this part of the cycle.   We are already higher than what the December 2019 peak should be. It’s all gravy.
The recovery from lows has been far faster this time, the only reasoning I think of why that happen is at the same time the similar kind of reversal to reasoning by the Federal reserve (last hard statement was December) in proposing a continual scheme of rising interest rates no matter what; but now seemingly being on a path to completely stop and probably lower rates if any weakness in the economy occurs.
Until the fiscal deficit and probably the trade deficit is closed and probably requiring a surplus, I see USD as weakening over years but the market doesn't immediately reflect that and its related to retention of dollar debt vs alternatives.  When the ECB has such a weak policy itself and is also involved in QE, the EURO is unlikely to be much an alternative and the Euro bond market is taken up with ECB buying so far as I know.   Japan again the market is saturated with new money via QE so again the currency is unlikely to be as strong as it should be vs the dollar.    If there is currency weakness worldwide now and predicted ongoing, theres little to oppose BTC or any asset price especially if demand for that commodity is growing.

That big switch in sentiment on global reserve money might explain some of the reversal, I dont know if BTC price after that initial reaction then loses momentum and goes sideways after bouncing so high.   I spotted this idea of a parabolic rise but a giant rise without pulling back I think is not as positive longterm for stability, I would not guess this happens so soon.


Right this moment I see the price as bouncing between two moving average in an increasingly tight range, it seems to be it will breakout but so far price moving downwards has not settled far for long before returning to a similar price under 8000

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May 23, 2019, 09:03:31 PM
Merited by Wekkel (1)

Quote
The price is about $3k higher than it should be at this part of the cycle.   We are already higher than what the December 2019 peak should be. It’s all gravy.
The recovery from lows has been far faster this time, the only reasoning I think of why that happen is at the same time the similar kind of reversal to reasoning by the Federal reserve (last hard statement was December) in proposing a continual scheme of rising interest rates no matter what; but now seemingly being on a path to completely stop and probably lower rates if any weakness in the economy occurs.
Until the fiscal deficit and probably the trade deficit is closed and probably requiring a surplus, I see USD as weakening over years but the market doesn't immediately reflect that and its related to retention of dollar debt vs alternatives.  When the ECB has such a weak policy itself and is also involved in QE, the EURO is unlikely to be much an alternative and the Euro bond market is taken up with ECB buying so far as I know.   Japan again the market is saturated with new money via QE so again the currency is unlikely to be as strong as it should be vs the dollar.    If there is currency weakness worldwide now and predicted ongoing, theres little to oppose BTC or any asset price especially if demand for that commodity is growing.

That big switch in sentiment on global reserve money might explain some of the reversal, I dont know if BTC price after that initial reaction then loses momentum and goes sideways after bouncing so high.   I spotted this idea of a parabolic rise but a giant rise without pulling back I think is not as positive longterm for stability, I would not guess this happens so soon.


Right this moment I see the price as bouncing between two moving average in an increasingly tight range, it seems to be it will breakout but so far price moving downwards has not settled far for long before returning to a similar price under 8000



Guys this last bear market had ZERO bounces of significance. Bulls were dead for a year. So this bounce is not more than expected. In fact, ratio wise it is LESS than the bounce to $500 at the beginning of the last bull cycle. Plus we are now a year from halving.

For all we know this could be mid 2013 again. Too many people looking in the wrong places.
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May 23, 2019, 09:07:57 PM

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.

I’ve had bouts of depression for years. Nobody would be able to tell by looking at me, I have friends, a good looking gf, I have money, I travel, I’m covered in tattoos. I don’t look like somebody who would be depressed but I guess how do you know what somebody who is depressed looks like?

I’ve had periods of heavy Class A drug use & times where I’ve had extreme paranoia.

Going outside, being outdoors helps a lot. Keep a good group of people around you. A small group of trustworthy people is better than a large group of assholes.

If you need to talk ever, PM me.



I had a depression! When I wanted to buy a gun and take out my brains, or hang myself! What helped me in the fight against this handjob? Reading ... Just reading ... Now I remember these moments with a smirk) It was fun ... True ..
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May 23, 2019, 09:09:26 PM

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.
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May 23, 2019, 09:11:40 PM

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.
Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.
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May 23, 2019, 09:14:37 PM

Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

One asshole professor type with zero corroboration from anyone other than his gran more like.
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May 23, 2019, 09:18:19 PM

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.


"The market takes into account all
This is the first thing to learn. According to Dow, the price of the asset has already laid all the necessary information about the past, present and even the future."

Say GrandFarther Dow.
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May 23, 2019, 09:19:02 PM
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May 23, 2019, 09:26:51 PM

Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

One asshole professor type with zero corroboration from anyone other than his gran more like.


There was a case, a person opened an account in Sberbank (TOP bank of Russia), transferred money there and signed, EARNINGS from mining!
Sberbank blocked his account, and demanded all the addresses of Bitcoin, which he used!
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May 23, 2019, 09:30:16 PM

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Reading ... Just reading ...
Theres alot to be said for the simple idea of reading a book, I dont think anything electronic is as good tbh


Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

I'd rather go on what Russia did previously more then anything they say they will do or reports on that.    Russia and China have both have a very strong policy towards replacing foreign reserves with gold, they sell currency in favour of owning more gold.  They import, they produce and there is no export, they are net buyers.   They did that this year, last year, the year before and all the way back for over a decade.    World wide central banks have been net buyers of gold, its a really simple theme but its physical ownership rather then token ownership via various FIAT standards or trade agreements that might have existed previously.   
I dont know exactly what they plan to do with it exactly and Russia is already massively biased to commodity prices for its GDP but I'd say there is no doubt sanctions or not they intend to use gold over any other type of fungible currency.   Ten years is a very long period for an active policy vs any recent news of various other initiatives
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May 23, 2019, 09:40:26 PM
Merited by JayJuanGee (1)

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.

Another issue is people over analyse. And they expect the future to be just like the past. There are more than enough current indicators to show that we are in a bull to stay for a while.
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May 23, 2019, 09:40:27 PM
Merited by BobLawblaw (1)

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.

I’ve had bouts of depression for years. Nobody would be able to tell by looking at me, I have friends, a good looking gf, I have money, I travel, I’m covered in tattoos. I don’t look like somebody who would be depressed but I guess how do you know what somebody who is depressed looks like?

I’ve had periods of heavy Class A drug use & times where I’ve had extreme paranoia.

Going outside, being outdoors helps a lot. Keep a good group of people around you. A small group of trustworthy people is better than a large group of assholes.

If you need to talk ever, PM me.



+1 WOsMerit


Everyone experiences depression to some degree or another at some point in their life. The worst thing you can do imho is to experience it alone.

We stand with you brother right here at the Wall. It might not be much.. but its something...and I am a firm believer that something is better than nothing.

#stronghands


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May 23, 2019, 09:41:53 PM

Quote
Reading ... Just reading ...
Theres alot to be said for the simple idea of reading a book, I dont think anything electronic is as good tbh


Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

I'd rather go on what Russia did previously more then anything they say they will do or reports on that.    Russia and China have both have a very strong policy towards replacing foreign reserves with gold, they sell currency in favour of owning more gold.  They import, they produce and there is no export, they are net buyers.   They did that this year, last year, the year before and all the way back for over a decade.    World wide central banks have been net buyers of gold, its a really simple theme but its physical ownership rather then token ownership via various FIAT standards or trade agreements that might have existed previously.   
I dont know exactly what they plan to do with it exactly and Russia is already massively biased to commodity prices for its GDP but I'd say there is no doubt sanctions or not they intend to use gold over any other type of fungible currency.   Ten years is a very long period for an active policy vs any recent news of various other initiatives


Russia is one of the richest countries in the world for resources extracted from the earth! But in terms of life (with its potential), one of the poorest! In many countries, mining will be distributed at the state level (that is, the people), in Russia, it does not belong to the people! Officials in chocolate, people in shit ...
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May 23, 2019, 09:45:50 PM


Everyone experiences depression to some degree or another at some point in their life. The worst thing you can do imho is to experience it alone.

We stand with you brother right here at the Wall. It might not be much.. but its something...and I am a firm believer that something is better than nothing.

#stronghands




@Toxic2040


It is BEST that we can do it alone! After this, you will become a higher level than yourself, and you will find that with your problems, you will always have to remain alone (this is a fact), but you will already be ready for this!
I think so.

EDIT:



I'll buy myself a bottle of stronger!
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May 23, 2019, 09:56:47 PM

So you can't put it into your colon the other way round?

Well, I mean, you can always administer a warm water enema if you want to clean out your lower colon, but that's not good enough for a full colonoscopy.

Need to clean your entire tract from the stomach down to your asshole. You're essentially pissing out your asshole towards the end of the prep.

Good times.
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May 23, 2019, 09:59:00 PM
Merited by BobLawblaw (4), vapourminer (1), MrFreeRoMan (1)

It is BEST that we can do it alone! After this, you will become a higher level than yourself, and you will find that with your problems, you will always have to remain alone (this is a fact), but you will already be ready for this!
I think so.

Personally I find human beings a pain up the arse in all circumstances and if I was feeling down in the dumps the last thing I'd want is one sat in front of me attempting to empathise. I'd kick their head down the toilet and go off somewhere to be on my own.

Most people do not feel that way and that's fine.
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May 23, 2019, 10:04:22 PM

Currently sitting at $7912 and looking like we are setting up for an epic weekend pump.
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