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

[JayJuanGee]

That image appears to suggest that 2017 is relevant to where bitcoin is at this year.. and largely it is NOT.. except maybe showing that BTC is ahead of schedule.

In other words, there is no need for BTC prices to get over that 2017 hill in December 2020.. even though the 2016 comparison may well be "of interest" in terms of drawing parallels regarding where BTC is at currently.

Chart shows a short time-frame too - 3-4 months... which could cause some contextual misinterpretations, too.. in other words, I don't buy bitcoin being tied to seasonal or calendar timelines, even though from time to time, we can see those kinds of coincidences in various charts.

By the way, currently, in the last 30 minutes observing prices bouncing between $19k-ish and $19,350-ish... and gosh I have been surprised both how quickly we got to no man's zone from early September to early last Monday (entering into noman's zone)... then dropping back below no man's zone for less than 60 hours.. and then reentering back into no man's zone a couple days ago... so we will see if this zone (which I still tentatively be $17,250 to $23,500 - ish) gets passed through.. within weeks or longer.. or if there is some other happenings that will throw-off the passing through.. or forestall it..  

Surely, it has been nice to witness supra ATH prices, too.. (congrats to LFC on a bet that many of us considered to be pretty clearly in his favor, but still, great to win such bet 13 months in advance)  with winners of the poll getting in their ATH within a squeaky 9 hours prior to the deadline.  Sure, such excitement of trading above the previous ATH lasted less than an hour, but still.. very bullish sign and momentum that seems to establish that we will are likely to be witnessing new ATH, at minimum in the coming week or two... and..  the writing is on the wall.. just a matter of time for what seems to be the BIGGER question of passing through no man's land or not.. .. just have to see how these matters play out... but still CITTTTTTTEEEEE   citeeeeee.

another version is that those who bought high in 2017 were eagerly waiting for this moment to leave as well.  

Pretty damned close to pure bullshit... in other words a story that peeps like to tell (or believe).    Shame on you, Karartma1, for giving any kind of attention at all for such a nonsense theory.



Those kinds of dynamics do not drive BTC prices within the zone of previous ATH levels.  Those weakhands who are selling in the neighborhood of this price are way too insufficient to make any kind of meaningful or significant difference in regards to where dee BTC price is going.. whether we talking about short, medium or long term.  

Does not work that way in bitcoinlandia.

[aesma]

12K USD I would like (at some point, not right now), that'd be (barely) 4 digits in euros, my limit to buy. In fact my buy orders are already set up.

[cAPSLOCK]

Good morning Bitcoinland.

The rally continues... currently $19330USD/$25050CAD (Bitcoinaverage).

Even had an ATH for the first time in 3 years. Still feels too early for full-fledged celebration though.

The battle for $20k could take some time. Go Bitcoin go.
__

OK then... one little meme:

Agree with all this. 

Doesn't feel real yet, but I think that's just mild denial.  Sure is fun.

[BobLawblaw]

Pouring one out for our lost homie, mindrust.

Can’t imagine what emotions dude is currently experiencing.

[Torque]

...unless a total dollar collapse, which is unlikely ...

All fiat currencies are in the same boat and with centralised institutions firmly in place, able and determined to go where the dollar is going. And that means continued devaluation compared to hard assets. Slowly but surely for the larger part.

First time that this happens globally so I consider a true immediate and isolated dollar collapse as a low risk event. It will rather be a slow demise of fiat currencies with double digit inflation should they push the string too hard.

The world needs a stable numeraire and Bitcoin can provide this. Markets are smelling this in ever increasing degree.

A lot of people out there don't understand that we are still in the beginning exponential growth stages of Bitcoin becoming that new "stable numeraire".

Bitcoin's first 10 years after discovery == Gold's first 100 years after discovery.

[Biodom]

Pouring one out for our lost homie, mindrust.

Can’t imagine what emotions dude is currently experiencing.

Hoping against hope that he made it up somehwere...Tesla (TSLA) or Moderna (MRNA)?
Even if you sell btc, which I don't advise, got to have them assets.

[cosmicbtc]

BTC got too much resistance around $19k - $19.5k. Once it crosses 20k there is very less resistance after that,it will move towards $25k. As on many exchanges, BTC hits ATH so fingers crossed hope it crosses resistance.

[JayJuanGee]

So we are knocking at 19k again

maybe this time. we pass 19 and 20k and 21k in under 36 hours!

I am ready to sell  some  at 20.9k  just a small piece

I am not opposed to the idea of selling BTC on the way up, but it just seems to be so problematic for a purported BTC supporter to be celebrating such activities.

In other words, philip, you need an attitude adjustment..



 

[Paashaas]

Today's ATH was the same as in 2017. The only way is up with some pitstops.

40% - 80% corrections are over, market is wider now, more matured with more demand from institutions and big tech which is good for hodlers bad for traders.

[lightfoot]

Poor Bossian

Heh. In 2016 I made a pair of bets .333 bitcoin each that Trump would lose the election. I honored both.

Taught me not to bet with bitcoin :-)

[Biodom]

Today's ATH was the same as in 2017. The only way is up with some pitstops.

40% - 80% corrections are over, market is wider now, more matured with more demand from institutions and big tech which is good for hodlers bad for traders.

I beg to disagree, well, maybe not 80%, but, say 40-70% is possible from the top.
Afterall, even stock market periodically get to corrections like this.
BTW, if no 40-80% correction, then upside is also not 20-30X, but, maybe 5X (in the current run, limiting to 100K), which would be a bit low.

[Gyrsur]

Poor Bossian

Heh. In 2016 I made a pair of bets .333 bitcoin each that Trump would lose the election. I honored both.

Taught me not to bet with bitcoin :-)

did also a bet with user elrippo about a new ATH on 1.1.2017 which I lost (0.1 BTC).  

https://bitcointalk.org/index.php?topic=1577496.0

[lightfoot]

Poor Bossian

Heh. In 2016 I made a pair of bets .333 bitcoin each that Trump would lose the election. I honored both.

Taught me not to bet with bitcoin :-)

did also a bet with user elrippo about a new ATH on 1.1.2017 which I lost (0.1 BTC).  

https://bitcointalk.org/index.php?topic=1577496.0

Good news for me in my case was the third person didn't want bitcoin so I put up $500 cash. Cheapest bet I ever lost......

[Paashaas]

Today's ATH was the same as in 2017. The only way is up with some pitstops.

40% - 80% corrections are over, market is wider now, more matured with more demand from institutions and big tech which is good for hodlers bad for traders.

I beg to disagree, well, maybe not 80%, but, say 40-70% is possible from the top.
Afterall, even stock market periodically get to corrections like this.
BTW, if no 40-80% correction, then upside is also not 20-30X, but, maybe 5X (in the current run, limiting to 100K), which would be a bit low.

Yhea, from the top is more likely. From $150,000 (~3 trillion MC) bleeding out to $30,000 - $60,000.

[EatonABooger]

Poor Bossian

Heh. In 2016 I made a pair of bets .333 bitcoin each that Trump would lose the election. I honored both.

Taught me not to bet with bitcoin :-)

or ever bet against trump. 

[infofront]

Good morning Bitcoinland.

The rally continues... currently $19330USD/$25050CAD (Bitcoinaverage).

Even had an ATH for the first time in 3 years. Still feels too early for full-fledged celebration though.

The battle for $20k could take some time. Go Bitcoin go.
__

OK then... one little meme:

Agree with all this.  

Doesn't feel real yet, but I think that's just mild denial.  Sure is fun.

This year seems similar to 2016, but with less elation. In 2016 we were probably all elated because we had confirmation that bitcoin was not dead.

Post-2016, we know that bitcoin will be around forever. The stakes are not as high. It's going to take more than a $20K BTC price to impress me.

[Millionero]

20 k coming up

21k. soon to follow

Looks like 25-30k by new years.

then Jan-Feb correction to 14-16k


then the real bulls get loose in fall 2021

50k is reasonable by dec 2021.

I own a dec 2021 $50k call.

[Wekkel]

Poor Bossian

Permitted himself to stay poor.

[philipma1957]

So we are knocking at 19k again

maybe this time. we pass 19 and 20k and 21k in under 36 hours!

I am ready to sell  some  at 20.9k  just a small piece

I am not opposed to the idea of selling BTC on the way up, but it just seems to be so problematic for a purported BTC supporter to be celebrating such activities.

In other words, philip, you need an attitude adjustment..



 

Remember my coins are always 50% cheaper due to my power deal.

Since I purchased quite a bit of gear to mine from July 1 to Nov 30.  I need to pay it off.

I have break points.


13000 small sale
13500 small sale
14000 small sale
14500 small sale
15000 small sale

hodl til 19k

2 sales
at the 19k price.

dip purchased some PayPal btc for fun.


will now hodl till 20.9k

20.9k
21.4k
21.9k
22.4k


hodl till 25k


Simply can not hodl  as much until I pay down the gear purchases from July 1 to Nov 30

But I always hodl some of the coins.

All asics paid off.
All gpus will pay off in 10-15 days.

Around dec 15  I can hodl harder as I go to 0 gear debt.

[serveria.com]

20 k coming up

21k. soon to follow

Looks like 25-30k by new years.

then Jan-Feb correction to 14-16k


then the real bulls get loose in fall 2021

50k is reasonable by dec 2021.

I own a dec 2021 $50k call.

Doesn't really matter who owns it... BTC will reach $250-$450k  in November-December 2021...