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

[JayJuanGee]

Above 10K at the halivng? I can live with that.  

Me too

Call me a party poop.

Even though getting past $10k feels good right now, but really can we break through.. and then can we retain it?

Sure breaking through $10k is one thing and retaining a price above $10k is another thing, and personally, I am already feeling that our current price location is bullish as fuck, so I am not going to be disappointed, even if we correct from here... but who knows?  who knows?

There is a kind of past experience that gives credence to "the trend is your friend," so I feel good about what feels like a current UP trend... yet many of us who have been in this game long enough have been shell-shocked so many times when we have ended up getting dumped on in the midst of what had seemed to have been an uptrend.  

On the other hand, surely no one wants to be that guy who sold too much BTC too soon on the way up including lacking confidence of breaking through $10k and then we end up testing $13,880 within the coming weeks.... Sucks to be that guy.  Sucks to be that guy.

Which one of us was it who said that whenever we get a BTC price doubling in a month, then we should have a clue that a local top has been reached?  Maybe Marcus?

We are coming on the halvening, but we are also coming upon two months since our $3,850 local low.  Right now we are at about 150% above such local low without any meaningful correction...  

I am NOT going to proclaim to know anything, even if you might be able to recognize that currently I am feeling nervous in regards to whether our current location might be slightly overheated....

I am not complaining and I am not really tweaking anything in my BTC approach either (I last tweaked my outstanding BTC buy/sell orders (and approach) around March 24).. so I am largely prepared to just let whatever I had planned and prepared at the latest of my tweakenings to just continue to ride as planned... under the theory of letting the price come to me rather than my attempting to go to the price (or where I might expect it to go.,. which is not much more than 50/50 anyhow).  

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[bkbirge]

Absolutely it takes a while for the full effects of the having to be seen. Most of us have been HODLING for years though, we don’t need or expect to see instantly sky high prices after the halving.

Moon = Q3 or Q4 of 2021.

Ive got absolutely nothing against hodlers, this thread was supposed to be for bitcoin price movement discussion right? I just discussed the potential price movement that bitcoin could have, dont know what everyone is so angry about, in the long term, this is definitely a good place to buy, but short term? definitely not (IMO)

You may or may not be wrong, I don't think there's anything too controversial about saying we might bart a bit here and there, but seems everytime we get a little positive price action new people come into the group and try to pour cold water on the enthusiasm. I'm sure for the oldtimers especially this gets tiresome fast since they've seen it a hundred times already.

You'd probably be getting less pushback if you'd been around and participated through some previous ups and downs. People here are wary of the folks that just show up during good times (or bad). Anyway, welcome to the group, you might need some thick skin sometimes but it's worth hanging around in here, lots of knowledge and experience to pick through.

Personally I think trying to time a swing trade right now would be a gamble with very poor odds. But if I was to do trading I'd want to look at longer time frames than a few hours or a day. What with settle times and fees I kind of need a week or more time frame, and no way am I going to jump in and out like that when I look at the longer term charts. Makes sense to just follow the hodler strategy, DCA, BTFD, and accumulate.

[Elwar]

I would not be surprised by a downward bart at this point. This is Bitcoin. Be ready for anything.

I would also not be surprised if at the halving the price stagnates then falls when people need to pay their bills.

There are a lot of people right now buying because people are proclaiming "the halvening! price to the moon!". People new to Bitcoin are buying based on the promise of riches. Then when those riches do not come, they will be re-thinking things when bills come due. Or if there is a dip and they get scared. They will FOMO down just as they FOMO up.

[LFC_Bitcoin]

I would not be surprised by a downward bart at this point. This is Bitcoin. Be ready for anything.

I would also not be surprised if at the halving the price stagnates then falls when people need to pay their bills.

There are a lot of people right now buying because people are proclaiming "the halvening! price to the moon!". People new to Bitcoin are buying based on the promise of riches. Then when those riches do not come, they will be re-thinking things when bills come due. Or if there is a dip and they get scared. They will FOMO down just as they FOMO up.

This is why we can’t all become the new wealthy elite.

[Wekkel]

mini-debarting already 

[JayJuanGee]

Everyones shitting on the idea that we will bart down.. that just gives me more confidence that im right

Maybe after the halving but not before

Why not?

You are coming off as desperate, SwayStar.




 


Most of us recognize that a BTC correction can happen any time.., and if you keep proclaiming that a BTC correction is imminent, sooner or later you are going to be correct, and then you can inform us in regards to how correct you were... blah blah blah...

Your playbook is already largely understood in these parts and does not really do much if anything.... but maybe it is good for some of us to be reminded, from time to time, that a BTC price correction could happen at any time, even though such correction is far from understood in terms of when it might happen or if it might be imminent.. or inevitable at some point prior to going past $20k-ish.

[El duderino_]

I do love btc man....

Damn 10 pages or more unread

The dude had some real hard work today for a friend etc .... I’m exhausted and earning a good pint of wine

I will get one when I’m home 

[El duderino_]

Surely give some more time may be have some issue so just because of this unable to give you any reply on Telegram.

Thanks for giving me the much-needed hope (or hopium?).

No please tell me this is not true... you're trying to say you've sent $1k worth of BTC first with no escrow to some random guy?  You cannot be serious man...      I'm not even asking why you'd want to sell now for some filthy Skrill...

Well, all of that Skrill amount was (is?) supposed to get me a nice Alienware laptop, that I was (am?) going to gift to someone very close to me.

Hoping for the best at this point.

You can say dirty fiat ... but sometimes there is use for that dirt 😬

Hoping the best for you and hoping you’re not scammed by an idiot

[El duderino_]

I would not be surprised by a downward bart at this point. This is Bitcoin. Be ready for anything.

I would also not be surprised if at the halving the price stagnates then falls when people need to pay their bills.

There are a lot of people right now buying because people are proclaiming "the halvening! price to the moon!". People new to Bitcoin are buying based on the promise of riches. Then when those riches do not come, they will be re-thinking things when bills come due. Or if there is a dip and they get scared. They will FOMO down just as they FOMO up.

Indeed....

But I also wouldn’t be surprised if we beat our last year highs .... and maybe ATH

Why ... cause of you wise worth’s

This is BTC anything is possible

[JayJuanGee]

We will probably see a spike immedietely after halving, you know bulltards buying, Whales could potentially dump at the same time to take advantage of extremely predictable liquidity

In your short-time participation in this thread, SwayStar123, you have been very "insightful" and "helpful"....


Almost to the extent of showing that you hardly know shit......



But, hey, we all have to start somewhere in our bitcoin journey.  right?


Maybe I am just a bit irritated by your purposeful use of a "bulltard" descriptor.... ..  Is there such a thing?  Perhaps there is.....

 It's almost as if you are trying to show yourself as some kind of "smarter than" the rest of us.. but then that causes me to question your own smartness or at least your intentions.

Many participants in this thread have actually made a lot of money over the years, and many times by attempting to employ a fairly simple (but not always easy) three part formula... which would be to 1) DCA....., 2) buy on dips if you can, 3) otherwise HODL......  For some strange reason, following such formula doesn't seem to tarded to me.. even if sometimes following such formula can feel a bit painful.. but it has largely worked, and there seems to be little to no reason to doubt such formula, in spite of your seeming attempts to denigrate the whole image of those who are largely bullish about bitcoin.

I don't want to invite you to inform us about what you might know that we do not know, because it seems that you likely don't hardly know shit.. as I have already mentioned above.

Did not mean to offend people who are just slowly investing or DCAing into bitcoin, by bulltards i meant people who will buy/long the second after halving because of some vague reason like "its a special time" while not realizing that the effects of halving take place over months

I doubt that the appropriate label for those kinds of people would be "bulltard," and probably a more accurate descriptor would be to label them something like "newbie."  

There are a lot of newbies coming into bitcoin on a regular and ongoing basis.  It is just a part of the drill to any kind of emerging asset class, and we can hardly avoid that a decent number of the "newbies" coming into bitcoin  are going to get burned from time to time, especially in the beginning, because it can take a quite a while to learn about bitcoin and even how to manage and balance it into your finances.

Many of us have to learn by our mistakes rather than learning by text book or even by learning from the mistakes of others.  Sure some people learn faster than others and some people do not even have to make as many mistakes themselves because they are somehow able to learn from the mistakes of others.

I think that there are a large number of us who participate in this thread who have made various bitcoin related mistakes along the way, especially the longer that any of us has been somewhat involved in bitcoin.  Learning takes a while, and sometimes even seemingly veteran bitcoiners make decent-sized mistakes... perhaps Trace Mayer might be an example of such veteran bitcoiner who may have ended up biting more than he can chew and even becoming a bit too arrogant (not humble enough)... Anyhow, mistakes come in all kinds of flavors... like the famous expression: "mistakes were made."  

[JayJuanGee]

Absolutely it takes a while for the full effects of the having to be seen. Most of us have been HODLING for years though, we don’t need or expect to see instantly sky high prices after the halving.

Moon = Q3 or Q4 of 2021.

Ive got absolutely nothing against hodlers, this thread was supposed to be for bitcoin price movement discussion right? I just discussed the potential price movement that bitcoin could have, dont know what everyone is so angry about, in the long term, this is definitely a good place to buy, but short term? definitely not (IMO)

Could be the last opportunity to get four digit coins.^tm


#Just saying.


You heard it here, first.  Don't shoot the messenger. 

[Last of the V8s]

https://twitter.com/J0E007/status/1258337347378335745?s=20


joe's off

[JimboToronto]

I would not be surprised by a downward bart at this point. This is Bitcoin. Be ready for anything.

Indeed. Anything can happen, even a steep drop after the halving. Of course this would fly in the face of history.

There was no drop at all after the first halving on Nov 28, 2012. Instead it started a bubble that saw it go from $12 to $266 barely 4 months later.

There was a steep drop 3 weeks after the July 9, 2016 halving but that was too long after to be attributable to the halving itself. History doesn't predict the future though. Anything can still happen.

Many people seem to think that a post-halving dip is inevitable.

Nothing is inevitable with Bitcoin, except maybe its long-term increase in value.

Anything can indeed happen.

[AlcoHoDL]

Potential bart pattern playing out

Pumps, dumps, barts... Just wait a few years, and they won't even register on your screen, compared to the stratospheric value that Bitcoin will have reached by then.

Just like your chart above [img width=1].

Just Zoom Out!^TM

[bkbirge]

I would not be surprised by a downward bart at this point. This is Bitcoin. Be ready for anything.

A flash-crash dropping back below $7.5k USD/BTC wouldn't even phase me right now, TBH.

It's settled then. Time to go short on bitmex with 100x leverage.

[Biodom]

I would not be surprised by a downward bart at this point. This is Bitcoin. Be ready for anything.

Indeed. Anything can happen, even a steep drop after the halving. Of course this would fly in the face of history.

There was no drop at all after the first halving on Nov 28, 2012. Instead it started a bubble that saw it go from $12 to $266 barely 4 months later.

There was a steep drop 3 weeks after the July 9, 2016 halving but that was too long after to be attributable to the halving itself. History doesn't predict the future though. Anything can still happen.

Many people seem to think that a post-halving dip is inevitable.

Nothing is inevitable with Bitcoin, except maybe its long-term increase in value.

Anything can indeed happen.

yes, and with this pre-halving being so wicked because of the virus...it is unpredictable.
The crazy thought (that nobody also expects) is we go supra-exponential from the getgo a la 2012.
I'll give it a 10% chance, at least.

[AlcoHoDL]

Sorry if already posted.

Kraken is having a VR Halving Party, Sunday May 10th from 16:00 to 20:00 UTC!

https://blog.kraken.com/post/4858/krakens-vr-halving-party-the-full-lineup-revealed-rsvp-instructions/

Nice!

[Last of the V8s]

Steepen the curve!
Halve the emission rate!
Increase the R rate!
Spread the word!

[cafetools]

I just woke up after going to sleep at $9250, now the price is $9569!!!!!!!!!

I am glad I sold all my altcoins i have been trading into Bitcoin before going to bed.

[bitcoinPsycho]

I just woke up after going to sleep at $9250, now the price is $9569!!!!!!!!!

I am glad I sold all my altcoins i have been trading into Bitcoin before going to bed.

Your still dreaming