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

[JayJuanGee]

It's not easy taking a BIG ASS cut in your networth,

Truth you speak, young padowan - but with practice, easier it gets.

For once, I don't want to "...become an old man, filled with regret, waiting to die alone.”
We don't have to be like Jessie L., who probably has a record of gaining and losing large fortunes.
One time he even busted a trust fund, somehow.

I think that WO crowd would be a seller from 20-30k to whatever.
Those (plus OG) bitcoins would allow newcomers to gain exposure.
Just don't sell more than 70% total, EVER.

I doubt that very many OG wall observers will be selling many coins in the $20k to $30k range, except perhaps to skim a few off for insurance.

Selling up to 70% seems a bit much, but I do believe some WO OGs are willing to sell that high of a percentage for a variety of individualized reasons which may or may not be well thought out, except thinking or hoping to buy back lower.. which may or may not play out.

Ahem, NOT for 20K to 30k, but rather from [20-30K] to Whatever (50,60,100, 150, 333, 400K).
I am also very confident that if we "pop" to, say, 25K, then start correcting downwards, many WOers would sell at least a portion.
They would not want to bear a possibility of a second trip downwards. It would be hard to resist.
A similar situation played out in 2017 when we went to 1300, then corrected to 870 or so.
Lots of selling.

It may not matter too much, but I think that we have differing ways of spinning this whole matter in order to arrive at our conclusion.

Personally, I recall that there was a whole hell of a lot of hype about how many folks would be selling in the $900 to $1,500 price arena, but in the end, we largely went through that price arena like a hot knife going though butter, in spite of the mucho hype about the selling that would take place.   Sure, in January 2017 we passed above $1k and in March 2017, we revisited sub $1k like you said, but in my thinking there continued to be way more hype about down than was able to be such sustained...l which is likely going to be similar this time around too... which is a lot of dumbies and weak hands are going to be shook out of their coins in that price arena... but the vast majority of the more experienced HODLers are not likely to sell many, if any, coins around that area.. and won't be shook from their coins, inspite of the then anticipated hype... and I doubt that there is going to be fear about revisiting low prices - like the nonsense that Vinny lingham was spouting out in March 2017... which did not play out, even though some gullible folks listened to him and sold their coins.

I probably agree with 90% of the above. Vinny did cause much selling, didn't he? Well, nobody knew back then if he is spouting nonsense or really had an insight. Only later we knew that it was the former.

He seemed to have a decent amount of credibility back then, so even if he did not cause selling he could have contributed to failure to buy as well.  So, yeah, he was later shown to be full of hyperbole.

Personally, my dream scenario would be a situation where btc literally follows the S/F graph. Sharp up, then quasi-stable for years. It's the best for slowly "skimming". Last time it was just too fast on both slopes.

I doubt that any of us longer term  followers of bitcoin  should reasonably expect that bitcoin would all of a sudden become quasi-stable.

Of course, it becomes more difficult and expensive to manipulate any asset as it grows in value, and since the players are getting BIGGER too, the incentives to manipulate bitcoin, or to exacerbate momentum up or down beyond any reasonable expectations remains present in bitcoin....

So, in the end, it seems to me that the most probable thing that we can expect in bitcoin is ongoing volatility for a decent number of years.... likely 10 years, and likely more, and accordingly, since we have a high expectation that decently high volatility will continue to take place in bitcoin, we should attempt to plan for such volatility that seems almost inevitable and therefore to be at least one step ahead of others who are hoping or even trying to assert that quasi-stability is starting to exist in bitcoin when in reality such quasi-stability would be a temporary appearance, at best.

By the way, I am not saying that I want BTC volatility, but bitcoin gives two ratts' asses about what I want, so I am merely attempting to describe a situation that exists, rather than what I would prefer.

[bitserve]

I am not seeing any mention of Bitcoin in the mainstream media, which leads me to think the rally has some legs, ....before some kind of correction.

Good point.

I guess there will be two moments in which they will start covering Bitcoin again, one when it raises over $10K and big time when it breaks past ATH. Other than that it is not as much mainstream "news".

That being said I do expect plenty of corrections in the way up. Plus it is healthier that way.

[JayJuanGee]

I do expect plenty of corrections in the way up. Plus it is healthier that way.

Almost an inevitability to experience a decent number of corrections on the way up, otherwise something is surely rotten in the state of Denmark

[bitmover]

I guess there will be two moments in which they will start covering Bitcoin again, one when it raises over $10K and big time when it breaks past ATH. Other than that it is not as much mainstream "news".

If it falls, there will be some kind of mainstream media. Usually bad news are more covered than good news.

Edit: My hat still not updated, wtf bitcointalk!

[jojo69]

Edit: My hat still not updated, wtf bitcointalk!

clear your cache

[Old Geek]

Well. So much for my ill advised pump and dump. Looks like pump and pump. Watch out 9000.

[JayJuanGee]

OMG!!!!!!!


OMG!!!!!!!


We are on the run.





Observing>>>>>>>>>>>

$9,000   

[Toxic2040]

vegeta is here again

[Dakustaking76]

Brothers VEGETAAAA TIME!!!!!
Vegetasssss everywhere

[jojo69]

edit/ looks like Jay takes it, congrats man

[Toxic2040]

aww ffs jjg..nice one.  

+1 WOsMerit

I expect you to donate those satoshi to a worthy charity.   

[Old Geek]

It's always fun to watch the order books come alive after a move like that.

[jojo69]

Jesus Christ, look at the timestamps!  a dead tie!!!

01:35:19 AM

be interesting to see what LFC does in this situation

[Syke]

Was that it? Did we do it?

[rdbase]

It’s time once again

When we go above $9,000 on Stamp again the first person to post a Vegeta meme in this thread gets $20 beer money from me.

Bitstamp price.
LFCbitcoin just message me as I saw it rise from $8975 to $9000 on the dot when it happened!
IT is happening!
Or you can say it is done!

[jojo69]

Was that it? Did we do it?

well, I would say we are doing it

[JayJuanGee]

aww ffs jjg..nice one.  

+1 WOsMerit

I expect you to donate those satoshi to a worthy charity.   

I saw the price start to move rather quickly above $8,900, so I prepared my post..

Yet, Vegeta (on the run) had to wait, and wait, and wait....... until bitstamp hit $9k with the consumption of 22 coins at that price.


 

[Toxic2040]

Was that it? Did we do it?

-----

Jesus Christ, look at the timestamps!  a dead tie!!!

01:35:19 AM

lol..I seen that...but I dont think there was any fine print about a tie. His posted first.

I am just a competitive mofo..was going to try and blow all your minds by donating it to the american cancer society.

c'est la vie

[JayJuanGee]

Jesus Christ, look at the timestamps!  a dead tie!!!

01:35:19 AM

be interesting to see what LFC does in this situation

Toxic can have it.

I am already independently wealthy.

 

[GreatArkansas]

$8,000 to $9,000 takes 3-4 days only. Feels good man!
Bring it on! Some crypto twitter people told Vegeta memes are cursed