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

[El duderino_]

But they draw you in like a hypnotic fire and warm you like the smell of baking bread

Damn those eyes  

Would that been the trick to lure cryptoqueeen into the Micg life?  

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[Biodom]

No big volume, no sign of the Bargain Boyz to be found. Highly unlikely this downtrend from 14k ends till they show up and declare "cheap coins".

Coins have to be so cheap that they feel compelled to buy. Hopefully the 6ks will do the trick but we all know it could be lower. The massive volume will tell us when. It always has every other time in Bitcoin, this time is not different.

Cue the JJG "slayer you are annoying me with your downtrend stuff" even though thats what this has been since 14k for almost 5 months

We all knew the pump to 14k was a minibubble and a minibear market would have to follow. I dont make the rules around here, this is Bitcoin Country.

Good news is when the mythical Bargain Boyz show up for cheap coins, that will be the last time we ever see those prices and the ride to 100k-200k can commence.  

I suspect Bargain Boyz are still loading up on Popeyes right now but will soon turn their attention to corn if we catch their eye with some bargain sub 7k prices. 6400 would really do the trick imo.

The only problem with this logic is that you project MORE than 50% decline vs local top of 13.8.
AFAICR it never happened in the prior bull. Not a rule, but...
Maybe it is mimicking a double humped 2013? One may hope...

[jojo69]

You ever have one of those days when it feels like everything you touch falls to bits in your hand?

I'm like the king Midas of shit.

[serveria.com]

No big volume, no sign of the Bargain Boyz to be found. Highly unlikely this downtrend from 14k ends till they show up and declare "cheap coins".

Coins have to be so cheap that they feel compelled to buy. Hopefully the 6ks will do the trick but we all know it could be lower. The massive volume will tell us when. It always has every other time in Bitcoin, this time is not different.

Cue the JJG "slayer you are annoying me with your downtrend stuff" even though thats what this has been since 14k for almost 5 months

We all knew the pump to 14k was a minibubble and a minibear market would have to follow. I dont make the rules around here, this is Bitcoin Country.

Good news is when the mythical Bargain Boyz show up for cheap coins, that will be the last time we ever see those prices and the ride to 100k-200k can commence.  

I suspect Bargain Boyz are still loading up on Popeyes right now but will soon turn their attention to corn if we catch their eye with some bargain sub 7k prices. 6400 would really do the trick imo.

Yeah and last time you predicted 4200? Or 4900?    If they aren't buying now 6400 won't do the trick too. But that won't happen cut out this berish crap... 

[bitserve]

A very bright pill from John MadAfee:

Everything that you think you own, in fact owns you.

https://twitter.com/officialmcafee/status/1195305065894096896

[Icygreen]

Of all the things I've owned, none have taken as much attention as BTC

[LFC_Bitcoin]

Of all the things I've owned, none have taken as much attention as BTC

Yeah, I kind of wish I wasn’t so obsessed with it & this damn place but then again the profits (unrealised profits really, I haven’t sold) I’m sitting on are insane & I really had no chance of ever seeing that kind of money in my life until probably inheritance age.

[jojo69]

A very bright pill from John MadAfee:

Everything that you think you own, in fact owns you.

https://twitter.com/officialmcafee/status/1195305065894096896

point taken

still, I think Noam Chomsky owes me my life back

[realr0ach]

Well you know what they say about the markets 'Stairs down, elevator down'. Oh wait

The Jew cries out in pain as his digital shitcoins decrease in value to physical silver.

[ivomm]

I know HM used to post some comparison charts before May 2016 and now. The price in 2015-2016 fluctuated between 200 and 490 (1 time for a brief period) and in the second half of this period from 300 to 430.  In terms of percentages it was roughly speaking like between 80% and 60% from the last ATH, and at the second half between 70% and 60%. In 2019 we had a journey between 80% and 30% from the last ATH. We've had some serious battle and longer stays above 50% i.e., $10K. In the last month, we fluctuated between 65% and 55% touching 50% briefly. These percentages are not exact, so one may fiddle more with them.  But my conclusion is that we are still a little bit ahead of schedule with some BIG bull sign - the 30% top from the ATH (~14K). Currently, we are 57.5% below the ATH. I personally don't think that we will fall below 60%. But even if that happens briefly, we will still have better chances to get a new ATH before the end of 2020, than at the end of 2016.

[fillippone]

The year is 2021, it’s November & the cold, dark nights are starting to close in & 1BTC is $154,000. Most of the WO’s have cashed in a significant % of their BTC. It’s been a crazy roller coaster since the end of 2020.

Boblawblaw is chilling on his ranch, wiping his ass with $100 bills.

micgoossens married cryptoqueeen in the Maldives, he owns 50 Michelin Star Restaurants across the world.

JJG regularly drives his Lambo around LA, banging chicks & doing blow.

V8 lives in a $12,000,000 countryside estate.

......................

Fill in the rest

Fillippone is the one still posting on the WO when can sneak away from RL, as even with corn @154,000 he is still binded to real work.
Sorry to be lame guys.

[JayJuanGee]

The year is 2021, it’s November & the cold, dark nights are starting to close in & 1BTC is $154,000. Most of the WO’s have cashed in a significant % of their BTC. It’s been a crazy roller coaster since the end of 2020.

Boblawblaw is chilling on his ranch, wiping his ass with $100 bills.

micgoossens married cryptoqueeen in the Maldives, he owns 50 Michelin Star Restaurants across the world.

JJG regularly drives his Lambo around LA, banging chicks & doing blow.

V8 lives in a $12,000,000 countryside estate.

......................

Fill in the rest

I hate to be a party poop or to throw any monkey wrenches in your scenario, but even at a hypothetical $154k, I anticipate that my personal wealth would still mostly be in BTC (like in the supra 90% arena... I am talking about the portion of my wealth that is already dedicated to BTC.... that portion would not really convert out of BTC too much, even though I would be selling BTC all the way up the ladder at about 1% for every 10% BTC price rise), and even if the BTC price were to shoot straight up to $154k, which would be the most blow-off-top kind of scenarios to justify selling larger portions of BTC, my current anticipated system still shows that I would have only sold less than 10% of my BTC stash.  

So, in essence LFC, I am taking issue with the portion of your post that I have bolded above:  "Most of the WO’s have cashed in a significant % of their BTC"

Many folks here likely realize that around early to mid 2017, I had already transitioned my BTC selling/hodling system in such a way that I really cannot justify selling large amounts of BTC on the way up.  Yeah, of course, I systematically sell BTC all the way up, but even those relatively small percentages of selling of BTC seems to generate way the hell more fiat than I really want to deal with or that I want to liquidate or diversify into other investments or whatever.

Surely, I could make an exception to my already established BTC selling plan, especially if we were to experience a blow off top (which largely would mean going straight up from here in less than 6 months), but dragging out BTC price rises of 18x from current BTC price to $154k by the end of 2021 surely seems like a mild blow off top in the whole scheme of things, and in that regard, I see no real reason to change my system in any kind of playing BIGGER kind of way because it seems to me that under such a 18x price rise from here, I would have plenty of money under such a scenario, and of course, selling large portions of BTC kind of assumes some justification to NOT lose significant wealth or an ability to either buy back BTC lower or even a need to obtain some additional fiat liquidity in order to transition to a more baller kind of lifestyle.  

Seems to me that merely staying with my current system and anticipation of incrementalism, I would be able to engage in those kinds of more baller activities that you mentioned without really deviating from my already planned system, even though never say never because there could be some desire (possibly) for me to want to diversify out of BTC a little bit more for some currently unknown reason upon achieving another 18x price appreciation from here.

I surely don't presume to know all of the various scenarios, including if there were some kind of reason to add yacht or personal private jet in the mix, then of course, a few more BTC would need to be liquidated to employ such a supplementary / enhanced baller scenario.

But, overall you are correct that $154k would be a nice little BTC price bump, even though in some sense, such 18x price bump from here and in around 24 months-ish (to late 2021), seems pretty damned modest and reasonable considering the historical levels of BTC's price bumps and even assuming that future BTC price bumps are going to become somewhat more modest than they have been in the past.  

For example, consider our most recent price bump from late 2015 to late 2017.  I consider that to have been about a 78x price bump, and others consider it to have been higher than that (more than 100x if you calculate from the low of $158, rather than from what I would have considered to have been a more reasonable $250-ish base).  Anyhow, even considering the 78x of that price bump as being a reasonable approximation, a projection of 18x for our next possible price bump seems to be more than within a realm of reasonable bullish exuberance.  

[JayJuanGee]

Getting too close to $8.2k. Don't like this at all. We're all being fucked with ahead of the halvening. I can't imagine trying to trade in this fucking environment.

Sheeeeeit. HODL.

Gawd, bob.  You are so full of drama.

This is hardly even close to the end of the world or even out of the realm of reasonable BTC market performance expectations, especially given our October 25th increase of 42% in 12 hours.

Bring us back to $7,300, so fucking what?  Maybe it will happen, and maybe not.

I otherwise agree with your HODL suggestion, but there could also be reasons to buy a bit more or even to plan to buy a bit more at certain possible price points, in order to possible make some lemonade out of this kind of lemon situation.  AmiNOTrite?   

[JayJuanGee]

The year is 2021, it’s November & the cold, dark nights are starting to close in & 1BTC is $154,000. Most of the WO’s have cashed in a significant % of their BTC. It’s been a crazy roller coaster since the end of 2020.

Boblawblaw is chilling on his ranch, wiping his ass with $100 bills.

micgoossens married cryptoqueeen in the Maldives, he owns 50 Michelin Star Restaurants across the world.

JJG regularly drives his Lambo around LA, banging chicks & doing blow still writes wall of text on every single page of the WO, trying to figure out, what he tries to figure out always.    

V8 lives in a $12,000,000 countryside estate.

......................

Fill in the rest

Didn't filled in anything, but I did correct one....  

What a hater.   

 

[P_Shep]

The year is 2021, it’s November & the cold, dark nights are starting to close in & 1BTC is $154,000. Most of the WO’s have cashed in a significant % of their BTC. It’s been a crazy roller coaster since the end of 2020.

Boblawblaw is chilling on his ranch, wiping his ass with $100 bills.

micgoossens married cryptoqueeen in the Maldives, he owns 50 Michelin Star Restaurants across the world.

JJG regularly drives his Lambo around LA, banging chicks & doing blow.

V8 lives in a $12,000,000 countryside estate.

......................

Fill in the rest

My loose plan is to cash out 1/3 when it moons, use 1/3rd to hold me over from my retirement 'til death, then 1/3rd inheritance for my kid.

Something like that. Moon depending...

[Icygreen]

Of all the things I've owned, none have taken as much attention as BTC

Yeah, I kind of wish I wasn’t so obsessed with it & this damn place but then again the profits (unrealised profits really, I haven’t sold) I’m sitting on are insane & I really had no chance of ever seeing that kind of money in my life until probably inheritance age.

As long as passive income is reliable, I suppose hodl isn't so hard. You threw down a nice chunk not long ago from inheritance iirc.  I haven't realized lifestyle change opportunities yet
and expect arriving there likely won't be easy.  Balls to the wall hodl   #nohomo

[Paashaas]

https://twitter.com/davthewave/status/1195128691099160576

[Last of the V8s]

wtf is the point of having any coin if you're just going to sell it. fuck that, I'm hodling till they bend the knee
then might lend them a bit if they're very fucking polite

[BitcoinGirl.Club]

wtf is the point of having any coin if you're just going to sell it. fuck that, I'm hodling till they bend the knee
then might lend them a bit if they're very fucking polite

Imagine a world with only one currency and that is bitcoins...

[Searing]

wtf is the point of having any coin if you're just going to sell it. fuck that, I'm hodling till they bend the knee
then might lend them a bit if they're very fucking polite

I agree...but the real rubber meeting the road issue is when BTC gets back to the ATH and the whales start dumping a bit for real-life issues...this may actually

accelerate if in a deep recession...

Whales will sell a significant amount of BTC someday...simply because they got it at sub 100 prices likely and what the heck....can't take it with you...

if/when that happens and is 'digested' some..then perhaps 'BTC would pump even more, but to think that someone is gonna keep 100 million in BTC now

when, the whale's hoard, hits 200 million...well after awhile..those sized whales will just cash out as they perceive they need it..rather than worrying about the real world

price issues anymore or hoarding BTC....they will be way past such considerations. However, if I'm correct ( who the hell knows) the BTC price and infrastructure will have

to absorb such 'sell' action and get them whales like a pig through a python ...out the door and then with BTC more distributed, BTC may be more decentralized and less

affected by large whales..but first, the whales, will have to move some of $$$ to real-world $$$ or just continue to HODL..but there is some kinda BTC price that most

whales, IMHO, will break at, if they got BTC as say sub $100....that price could be 15k or 150k I don't know...but it does exist....and quite frankly once done would resolve

a lot of the volitility in BTC/USD price IMHO. But what do I know, I'm just bored and posting on bitcointalk.