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Question: Where will this rally top out?
Already topped <$7,000 - 10 (22.7%)
$7,000-$7,499 - 3 (6.8%)
$7,500-$7,999 - 5 (11.4%)
$8,000-$8,499 - 3 (6.8%)
$8,500-$8,999 - 3 (6.8%)
$9,000-$9,499 - 1 (2.3%)
$9,500-$9,999 - 0 (0%)
$10K+ - 19 (43.2%)
Total Voters: 44

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21583782 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. (143 posts by 33 users deleted.)
JayJuanGee
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November 08, 2019, 06:16:09 AM
Last edit: November 08, 2019, 06:49:27 AM by JayJuanGee
Merited by nc50lc (1)

Maybe we are misunderstanding each other to some degree?

You mentioned an ability to plan retirement based on BTC and around BTC 4 year cycles.

So, I was trying to ask you at what point you would be able to retire upon such anticipated ongoing bitcoin price cycles.  

Between $30k - $50k, that shoud be achieved within this bullmarket.

O.k.   Yes, I agree that seems like a reasonable BTC price range that has decent odds of being achieved within the next BTC bullmarket cycle - of course, not guaranteed but reasonably within the realm of fair possibilities.

It seems that you have already answered the other part of my question, Paashaas, regarding what you are going to do, but I am not 100%  sure about that, which seems to be that you are not selling your bitcoin during such anticipated BTC price run, so you will likely be riding through this next bullrun and not really able to say "fuck you" with any confidence and irreversibility emphasis until $30k to $50k becomes our BTC floor, and you likely would not be retiring under such premature bridge burning circumstances because it is NOT as likely that $30k to $50k is going to be the bottom of the subsequent correction that could happen from whatever BTC price that we end up achieving in this next upcoming cycle, whether it is $50k, $100k $350k, or some other price (even possibly higher).

I believe that many of us regulars in the WO thread realize that there are decent odds of volatility that passes both ways through such $30k to $50k range.

Of course, many of us regular of the WO thread would be hopeful that the lower end of the $30k to $50k range would be the bottom of the next BTC price correction, yet we are far from guaranteed until we go through such cycle.... which should be scary for any of us who has not yet reached more permanent and sustainable "fuck you" status, and no one should be anywhere close to 100% clear where the upcoming BTC price cycle is going to take us.

Currently, I am considering that my range of comfortable "fuck you" status is about 10% of your range - so really my "fuck you" range is within the $3k to $5k arena, and that is likely based on my having had invested pretty damned BIG (relatively speaking) during 2014-2016 - but perhaps even based on my having much more capital at my disposal during that 2014-2016 time-period - in which I was taking money from my already existing investment funds that I had been building over nearly 30 years and to put about 10%-ish of that already existing stash (ended up being a bit more than 10%) from those funds into bitcoin.

But anyhow, surely seems to be a reasonable number for anyone who is investing into bitcoin and not necessarily relying on saying "fuck you" anytime soon but seeing a number that is within reach - and also it will likely be possible that during the next BTC price correction, we are going to have bottom areas that are in the $30k to $50k range - even if it is also quite possible to dip below that range, too.  Do I sound waffly?  Of course, since I had only invested as much as I had been wiling to lose into bitcoin, and I surely was prepared for BTC dips in this last cycle that went below my preferred $3k to $5k range, and still we are not completely removed from going below my "fuck you" range, because for me, it would have been a matter of less preferable to go below such range, even if such possibility is still within reach, but I have still been o.k. with losing the possibility of losing whatever gains have so far come that - just kind of falling out of the minimum "fuck you" territory.

Part of the reason that I feel o.k. in my skin in sounding waffly is because I hate to count my chickens before they are hatched, so in that regard, even if there are decent odds that your price range of $30k to $50k is achievable in the next cycle, I am also a bit concerned that there are possibilities that $3k to $5k is no longer going to hold (really low possibilities, but possibilities nonetheless).    

Accordingly, none of us should be counting our chickens before they are hatched... which causes me to always have a more conservative range of only averaging an achievement of 6% per year BTC price appreciation (from whatever is today's price) as another possible and concededly more conservative but still positive in terms of BTC returns on the lower area of BTC prices expectations scenario.  

Financial and psychological conservativism is also a process that never attempts to count chickens before they are hatched, but kind of plans ahead from today's BTC price, so of course, whenever there are boosts in today's BTC price (such as when we went up 42% in 12 hours on October 25th) that "going up" merely seems to contribute to some kind of additional BTC price (and psychology) cushion  - of course a psychology and financial cushion that could not be relied on with any kind of solid certainty to be sustained, but still with the passage of time these kinds of seemingly non-sustainable psychological and financial cushions can seem to build towards causing a stronger and stronger psychological and financial base, especially with a longer and longer passage of time, maybe even 3 to 5 years of working on buying, HODLing and accumulating BTC... during such ongoing seemingly outrageous ups and downs that ends up largely amounting to quite a bit more UPs than downs (thank you daddy bitcoin) with a base and a bottom that is largely "in" and a bottom, hopefully, that at some point in the near future is higher than our minimum "fuck you" status price range.. and the higher that we remain above our minimum "fuck you" status BTC price range bottom, the more that we can likely feel assured that our "fuck you" status is has become sustainably permanent rather than either wishful or temporary... and maybe, even we can pull the trigger in real life in both a psychological and financial way, and actually say "fuck you" to some actual real world peeps (perhaps making such "fuck you" speech to real world no coiners or whoever else happens to be in the area upon such excited real world utterance(s)?   Cheesy Cheesy Cheesy).

Feels good man.   Wink Wink


Maybe we are misunderstanding each other to some degree?

You mentioned an ability to plan retirement based on BTC and around BTC 4 year cycles.

So, I was trying to ask you at what point you would be able to retire upon such anticipated ongoing bitcoin price cycles.  

Between $30k - $50k, that shoud be achieved within this bullmarket.

Double that price bracket will be achieved within this bullmarket

I agree LFC in terms of the ceiling of our anticipated upcoming BTC price run, but what about the subsequent floor that comes after the ceiling for BTC HODLer peeps who really do not plan on selling their BTC in any kinds of large amounts but instead plan to HODL the vast majority of their BTC through our seemingly upcoming and expected BTC price cycles and perhaps just to shave off some value from their BTC portfolio here and there along the way?  

There seem to be a certain number of regular WO thread participants, and Paashaas seems to be one of them, who seem to be quite disincline to sell large portions of his BTC holdings, even while realistically anticipating the various possible parameters of our next BTC price run, but instead remains in a kind of incrementalism mindset in terms of how he (they) plan to manage these BTC cycles in terms of long term BTC holdings' management and just anticipate HODLing through upcoming likely crazy-ass BTC price cycles while merely shaving off some value here and there along the way.  

What do you say about that?  You cannot really change the BTC management plans of others, but instead each of these peeps (whether WO regulars or not) has to figure out his/her own road forward, including the risks that any such deferral of gratification plan in regard to their BTC holdings might have (both in terms of finances and psychologically).
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November 08, 2019, 07:00:33 AM

Not one vote for 2023 so far,  uh oh... guess when the new ATH is coming Cool
Nah,I don't really believe that, late 2020 to mid 2021 is where it looks logical to me but I also know that BTC just loves to cuck the hell out of the logical plebs.  
Voted early 2021 although I've been sampling some new hopium recently that would like to suggest well before the halving. 




if it happens at the end of 2020 it means you believe in John McAfee, maybe it should move in 2021 because it is far more logical considering the previous history repeating the same thing every 4 years, the second time history has been repeated and maybe for the third time it will happen too  Grin
JayJuanGee
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November 08, 2019, 07:08:14 AM

found this...  



Current system: Whales exist, they try to prey on you, when they fail you are forced to bail them out.

Bitcoin system: Whales exist, they try to prey on you.

Wink


Surely, I recall some of the posts of Holliday, back in the day when he was positing in this thread.  

It appears that he has chosen to delete a lot of his old posts, and were it NOT for your quoting him, that post might have been lost into the ethers.   Those were exciting times that preceded my first BTC purchase in late November 2013.. and my even looking at forum posts in February 2014.  

There are quite a few old-timers who had made such choices to delete their old forum posts.  Not sure if we lose from such deletions, because these days, there seems to be so god-damned much that is captured into history.  Think of all of the folk-lore and songs from the past that never were recorded..... lost forever.



Hello Wall Observer, my old friend
I've come to troll with you again
Because a vision softly creeping
Left its seeds while Adam was sleeping
And the vision that was planted in my brain
Was a block chain
Within the sound of trolling

In restless dreams I trolled alone
Narrow threads in speculation
'Neath the halo of a monitor glow
I clicked a tab to bitcoinity show
When my eyes were stabbed by the flash of an all time high
That split the night
And touched the sound of trolling

And in the all time high I saw
Ten thousand trolls maybe more
Trolls posting without typing
Trolls moderating without reporting
Trolls writing posts that voices never shared
No one dared
Disturb the sound of trolling

"Trolls," said I, "you do not know
Trolling like a cancer grows
Read my posts that I might troll you
Take my keyboard that I might troll you"
But my words like unconfirmed transactions fell
And echoed in the wells of trolling

And the people bowed and prayed
To the Bitcoin god they made
And the sign flashed out its warning
In the words that it was forming
And the sign said "The words of satoshi is written in the order walls"
We dropped our jaws
And whispered in the sound of trolling

Gives me the impression that Holliday might no longer be with us in this physical world.
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November 08, 2019, 07:20:00 AM

Ok, I do realize you may have put some effort forth recently and I appreciate that.

I'm telling you, something has profoundly changed.
r0achie is developing a sense of humor, and he's not doing bad either.

I dread of the day r0ach will become sane, admit his Jewish origin, dump metals, go all-in on BTC, turn again into the mother of bulls & actually HODL & profit for a change.
It will spoil my, bitcointalk-have-someone-to-bash-concept I've been into the past year or so. Cool
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November 08, 2019, 07:25:31 AM
Last edit: November 08, 2019, 10:55:46 AM by whiteboy420

Bulls need to push Bitcoin price above $9,300 and defend $8,950 to prevent a downside break that could extend to $8,300


https://cointelegraph.com/news/bitcoin-rallies-hardest-in-november-so-why-are-the-charts-bearish
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November 08, 2019, 07:33:58 AM
Merited by Last of the V8s (1)

History lessons are good..

Did you know that New Zealand was named after the Dutch province Zeeland?

In 1642, Dutch explorer Abel Tasman became the first European to sight New Zealand and named it Staten Land "in honour of the States General" (Dutch parliament). He also discovered Mauritius and Tasmania. When later British explorer James Cook renamed it into New Zealand.

This is an old vintage map of Austalia. New Holland was never settled by the Dutch people beacuase the West was not great for settlement whose colonial forces population had a settled preference for South Africa, Dutch Guyana, the Dutch East Indies and the Dutch West Indies New-Amsterdam (New-York) and the Caribbean.


Interesting, No i didn't. English name sounds good in comparison of previous names though.

Looked into it and it seems to me that Kiwis are still confused about (who came first and when) if we take account of ancient tribes, legends and then there are some strange discovery of 500 Year old Tamil Bell etc.

Guess, Arabs were the first to found the sea routes for Mauritius followed by Portuguese and then Dutch.
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November 08, 2019, 07:53:18 AM
Last edit: November 08, 2019, 08:44:00 AM by vroom
Merited by Last of the V8s (1)

Basically
It's
The
Currency
Of
Internet
Natives

BITCOIN


edit: hm, even better:

Bitcoin
Is
The
Currency
Of
Internet
Natives
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November 08, 2019, 08:19:19 AM


c'mon BTC!!!!! get ye'r shit tgthr....pffff!!!1!!1!
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November 08, 2019, 08:29:08 AM

whenever I see a post of r0ach I only see this



Every Micgoossen post:

JayJuanGee
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November 08, 2019, 08:32:11 AM
Last edit: November 08, 2019, 02:45:32 PM by JayJuanGee
Merited by Last of the V8s (1)

I think the days of double digit bitcoins are over...
lol, this is fun

I just want to see $10k again, at this point, TBH...

I just cannot HODL my lil selfie back.


Didn't we just have a 42% price rise in about 12 hours (of course, referring to events on October 25)?  Holy fucking shit!!!!!   Always wanting more and more and more.


This bitcoin thingie-ma-jiggie is doing just fine... this is fine.....this is fine..... this is fine....  




where's my lil doggie.....


















c'mon BTC!!!!! get ye'r shit tgthr....pffff!!!1!!1!

How come I feel like kicking some fatty in the ass?

why?

Why?



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November 08, 2019, 09:10:04 AM
Merited by OROBTC (2), Paashaas (1)

Nice read.
A longform about Bitcoin by Tuur Demeester written for Adamant Capital.


THE BITCOIN REFORMATION



Quote

At the end of the 16th century, a rag tag group of rebel intellectuals and entrepreneurs founded a country on some of the least desirable land in Europe—so often flooded that it needed hundreds of miles of moats - while fighting an eighty year long war against the largest empire in the world.

From this struggle and melting pot of ideas emerged the Dutch and British golden ages, innovative economic institutions that changed the world, as well as one of America’s most successful socio-economic experiments: New York City.

This report makes the case that the 21st century emergence of bitcoin, encryption, the internet, and millennials are more than just trends; they herald a wave of change that exhibits similar dynamics as the 16-17th century revolution that took place in Europe.

Some of the conclusions our report suggests:

• Bitcoin tolerance versus intolerance to become a major political faultline
• Bitcoin’s primary drivers will be in saving, lending and underwriting
• Collaborative custody to become an industry standard
• Offshore banking may transform into bitcoin banking
• Bitcoin to mature quickly: bonds, annuities, loans, insurance
• Initial exchange offerings (IEOs) expected to stay and grow larger
• Bitcoin savers could accelerate a revolution in the history of thought




Thre is also some nice historic digression which might also be a very intresting OT read. At least to know more about a land in the heart of some WO gang member.

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November 08, 2019, 09:10:24 AM

Not one vote for 2023 so far,  uh oh... guess when the new ATH is coming Cool
Nah,I don't really believe that, late 2020 to mid 2021 is where it looks logical to me but I also know that BTC just loves to cuck the hell out of the logical plebs.  
Voted early 2021 although I've been sampling some new hopium recently that would like to suggest well before the halving. 




if it happens at the end of 2020 it means you believe in John McAfee, maybe it should move in 2021 because it is far more logical considering the previous history repeating the same thing every 4 years, the second time history has been repeated and maybe for the third time it will happen too  Grin

You seem to be misunderstanding the question of the poll, piebeyb.   

New ATH is merely getting above $19,666.  It is NOT very far out of reach, even though it could take a while to get there.

Another set of questions seems to be implied in your statement regarding both how high the ATH will subsequently go after going past $19,666, assuming that it does, and then also whether McAfee is going to have to eat his dick, which seem quite likely if we were to literally interpret both what he is predicting and the odds of actually reaching such target.
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November 08, 2019, 09:19:39 AM

Doomsday.
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November 08, 2019, 09:42:07 AM

Did we just break through the 200DMA ?

come on bitcoin don't make me add to my shorts again.
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November 08, 2019, 09:50:43 AM
Merited by suchmoon (7)

9k broken again. I see no special reason why we will make it back to 10k before we retest the 6ks and get some major volume as the mythological Bargain Boyz come in and fill their trucks with Corn.

 

Unfortunately Bargain Boyz probably wont truly step in until the lines at Popeye's across the country die down which could take several weeks. Once Bargain Boyz have finished accumulating Chicken they will move to corn in a frenzy.

Obviously this is an unpopular theory as most of us(including yours truly) are unapologetic Bulltard Shills most days. But today Im putting down my shill cap and being honest and I have not seen one single bear phase not end without Bargain Boyz buying massive amounts of cheap coins and see no reason why "this time is different".

Chicken is the hot item right now, and without sending Nukes allover the lower and middle class neighborhoods of America there is no stopping its momentum until the masses have filled their bellies with that tender fried bonne bouche. But fear not, for King Bitcoin will return soon as the number one drug of choice for Fomo buyers and deliver us from evil.

Amen.

via Imgflip Meme Generator
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November 08, 2019, 09:52:53 AM

Honesty mode deactivated. Shill Cap back on:

New all time highs by New Years Eve, death to the beartards! Cheesy
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November 08, 2019, 10:07:38 AM
Merited by Last of the V8s (1)

Bulls need to push Bitcoin price above $9,300 and defend $8,950 to prevent a downside break that could extend to $8,300

You forgot to link the reference you got that from:



https://cointelegraph.com/news/bitcoin-rallies-hardest-in-november-so-why-are-the-charts-bearish

TFTFY
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November 08, 2019, 10:27:32 AM

.. snip

.., it was copied from original ...


nope

It was SAFED to STAY ORIGINAL

 Shocked
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November 08, 2019, 10:34:50 AM

Sub $9,000 again?

Fuck off!
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November 08, 2019, 10:54:38 AM

Sub $9,000 again?

Fuck off!

Whenever price goes down... look at this and breathe


https://twitter.com/CryptoBull/status/1192490155132805122
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