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

[AlcoHoDL]

Hu guys! I have a big respect for all who post here!!! I am a new generation honey badger and learned a lot from you! I am contemplating to take a bank loan equal to 2 year salary. My bank has some good  5 year credits (about 12% interest for the whole period). Even if the price falls to the 3100 bottom, it will recover soon, I have no worries about that. This is probably the last chance to increase my stash with several whole coins before the halving.

P.S. My friends who were afraid to buy at 3100 earlier this year, are now planning to invest serously. Bull sign that good times are ahead!

Welcome to WO!

BTW, there's only one real Honey BTCadger. And he's in a Tesla cruising in outer space. Here's a pic of where he'll be in a couple of years:  

[El duderino_]

This is post #1:





The irony when we see some posts in this thread blaming the use of TA.

 Let it go man; that attitude will age you prematurely.  This thread has morphed into a community-based, semi-autonomous chat board - the initial post has historical value only.  There's only one rule in here and I can't, for the life of me, remember it.

I am actually totally fine with that and not upset at all. However it's still a fact that this forum section is called "speculation" therefore all kind of speculations should be allowed without being called "pathetic" especially when they end up being accurate.
I am not sure it is very productive to keep writing "to the moon" page after page without backing it with some analysis.

I have the lowest of respect for a person to make a self moderated thread and delete post that are not in line with his own.....

Nothing more to say....

[Lauda]

Time will tell of course, but it's funny how you refute the relevance of technical analysis when just two weeks ago many traders predicted a down trend with the support at 6.4k, and guess what the support is 6.4k is real. It clearly shows today. It's not imaginary stuff. It's pure fact.

I am not talking about these bearish predictions based on nothing, but these short term bearish predictions based on facts.

A blind chicken, after a million tries, will do what? What's what these "traders" are.

[Lauda]

Yet I suspect you would suck the dick of someone predicting a 100k price within 2 years supported by a TA  

You are welcome.

Quoted for reference; needed trolling confirmation. TA is a joke at best; keep being the sheep. 

[jojo69]

TO THE MOON!

because reasons

[Bossian]

Yet I suspect you would suck the dick of someone predicting a 100k price within 2 years supported by a TA  

You are welcome.

Quoted for reference; needed trolling confirmation. TA is a joke at best; keep being the sheep. 

I am very sorry if you felt offended by my posts. It was not my intention. Genuine apologies.

[BitcoinGirl.Club]

who let the bears out?

Camera recorded bear escape:

Ohh no its a bear trap.
Price of bitcoin swings between below 7K and above 7K for a while, Christmas is getting nearer so what we got as present this year? At least $8K.

$7.5k Next!

[Lauda]

TO THE MOON!
because reasons TA

FTFY. Sounds about right.

I am very sorry if you felt offended by my posts. It was not my intention. Genuine apologies.

Understood.

[gembitz]

TO THE MOON!

because reasons

 

BTC pampin' sidewayzzz weeee

[BitcoinGirl.Club]

TO THE MOON!
because reasons TA

FTFY. Sounds about right.

Nah! it meant to. And it always does.

[Last of the V8s]

[JSRAW]

Someone woke up and started to abuse the buy button.

Yo bro, no competition. We are going to lose next month anyway

[Last of the V8s]

oh well. if you can't beat em, join em

[VB1001]

I realize some people get worried.
But.
You need to realize that the sats you stacked above $10k were also super cheap. The current situation is like getting discount on the discounted discount.
It really is.
You're lucky to be able to stack here.
Make the best of it.

https://twitter.com/hodlonaut/status/1198893520184119297

[JSRAW]

sorry v8 English team got their asses kicked by kiwis today in the Test, i would say humiliating .....

[JayJuanGee]

^  
F*** Y** JJG what about me, what am I doing ?    

Will give a hindsight me is HODLing as always, HODL through every singel bump that our precious narrative writes us  

You are correct that maybe I should have mentioned something about you (it seems to be water under the bridge now, especially since I saw I had been quoted, and I am not even sure if I can justify in my head to go back and say something about you specifically), and I am tentatively thinking that I would have both asserted that you are not really showing any signs of capitulation and that would have likely been the punchline in such assertion,.,,,,

Of course, I would have attempted to frame the matter a bit differently than what you might have wanted from my, and that is why the case of including you would not have necessarily been obvious for me - so ease of my own life, I chose not to say anything.  

There are some cases that are a bit less clear in my own mind regarding stash management and attempts at stash management, and surely if you have gone through some BTC stash management struggles that resonated with me, then your case becomes a bit more clear to me and acceptable in my own thinking, and I thought that your recent action-packed rendition had not quite reached a level of resonance for me, in my own thinking... or even your choice of a belgium drink rather than something more exotic.  So I had considered the possibility of putting you in my little synopsis of trying to argue the case of "what the fuck capitulation?", but maybe there had not been enough history of any personal sufferings or strugglings in your personal examples that had been really resonating with me.

Maybe it is a kind of do as I say and not as I do kind of situation?  

I mean, I try NOT to show too many of my own personal strugglings too much, also, and surely some of that could come to bite me in the ass when guys (and gal) are considering whether to empathize with me so I am not sure whether some members, here, will actually realize if I am tweaking my BTC strategies here or there, or trying to rethink my BTC buys a little bit - for example I bought a bit extra BTC at in the mid $10,000 and down through $9k in August or so because I was thinking that we might have been going up from there, but that did not happen, and caused some irritation from me or sometimes I make a mistake in buying BTC when I had meant to sell or selling  BTC when I had meant to buy (and then I have to wait for the BTC price or to tweak my strategy a bit to make up for such mistake(s)), and surely some of those seemingly first world problems might not resonate with guys and gal, as genuinely significant enough to really matter... So perhaps in that sense we could possibly be able to relate to each other in terms of the level of my personal tragedies might not be tragic enough for others to relate to them (even if they happen to read the long ass post that gets me to attempt to show what happened), perhaps? Perhaps?

Excellent capitulation by the crowd in here. 5/7. 

Anyhow, I am a bit unclear from where you are getting our capitulation because we are all over the place.. even while maybe a bit resolved that we had reached close to 65% down from our $13,880.  What else can be done?

Looking back at the last 5 pages, that's true, a very split opinion.  The poll results show that as well.

After stepping away from my keyboard and then stepping back to this topic, let me retrospectively add to clarify that I personally don't believe that a capitulation (even if it could be established by Hairy or anyone else) is actually a condition precedent in order for BTC prices to reverse and/or to return to UPpity.

[LFC_Bitcoin]

Observing $7280

Bravo to the orchestrated dumping by whoever the whales were responsible for some top manipulation.

Back where we were & I imagine their bags are even fuller. Easy work if you have a spare few hundred mill in bitcoin down the back of your sofa.

Edit - $7350

[LFC_Bitcoin]

@100trillionUSD
Call me crazy, but it wouldn't surprise me if BTC closes 2019 at $10k+ .. opportunities like this (#bitcoin below S2F model value, 6 months before the halving) are rare.

https://twitter.com/100trillionusd/status/1198994998655672321?s=21

[JayJuanGee]

Personally, I suspect that it is not easy to see s-curve adoption while in the midst of it, but jeez, just mentioning the $300 to $500 price range was about where we were bouncing around during early 2016 - right before that particular halvening.

Couldn't between a 13x ($500) and 22x ($300) price increase from our current $6,600 in 4 years serve as a kind of ballpark indication that we might possibly remain within a kind of s-curve adoption?  Perhaps?  Perhaps?

Even a 10 x appreciation from here would put us at an amazing figure JJG.

Yeah, but can we really count on the previous fractal pattern to play out?  I mean there could be all kinds of dickering around in order to try to camouflage the existence of s-curve adoption and what if it takes four years to get to the 10x, instead of bouncing up 30x to 50x and then coming back down to 5x-ish in 4 years which would not really rule out s-curve adoption (in my thinking)? 

Any of those would still seem to be signs of s-curve adoption because what kind of asset keeps averaging such high return rates unless it is in a kind of s-curve adoption?  Even if we cannot see with much precision that we are in the midst of s-curve adoption?  Yeah, we would like more explosiveness to really show it, but we have already had decent explosiveness, and there could be some logic that the s-curve might kind of appear to be flattening out in terms of percentages, but we still are achieving more and more adoptions and network effects and some of the indicators (beyond price) might even be more steep than the BTC price curve.

[LFC_Bitcoin]

Personally, I suspect that it is not easy to see s-curve adoption while in the midst of it, but jeez, just mentioning the $300 to $500 price range was about where we were bouncing around during early 2016 - right before that particular halvening.

Couldn't between a 13x ($500) and 22x ($300) price increase from our current $6,600 in 4 years serve as a kind of ballpark indication that we might possibly remain within a kind of s-curve adoption?  Perhaps?  Perhaps?

Even a 10 x appreciation from here would put us at an amazing figure JJG.

Yeah, but can we really count on the previous fractal pattern to play out?  I mean there could be all kinds of dickering around in order to try to camouflage the existence of s-curve adoption and what if it takes four years to get to the 10x, instead of bouncing up 30x to 50x and then coming back down to 5x-ish in 4 years which would not really rule out s-curve adoption (in my thinking)? 

Any of those would still seem to be signs of s-curve adoption because what kind of asset keeps averaging such high return rates unless it is in a kind of s-curve adoption?  Even if we cannot see with much precision that we are in the midst of s-curve adoption?  Yeah, we would like more explosiveness to really show it, but we have already had decent explosiveness, and there could be some logic that the s-curve might kind of appear to be flattening out in terms of percentages, but we still are achieving more and more adoptions and network effects and some of the indicators (beyond price) might even be more steep than the BTC price curve.

I’m prepared for all scenarios JJG, I have a nice stash but still buying every week. I can afford to wait another 4-5 years for the moon, even longer really. I’d like to see some real explosiveness in 2021 though