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

[heslo]

https://twitter.com/BTC_Archive/status/1366345002075500547

Citibank recognize Bitcoin as digital gold!

In retrospect, it was inevitable

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[marcus_of_augustus]

https://twitter.com/100trillionUSD/status/1366300758036131840

... orange dots are where the most price acceleration has occurred in the past

New orange dot: Feb close $45,240! (Jan was $33,141 and current price is $46,500) .. like clockwork

... do not be surprised to see 100k by early April

[Phil_S]

yes, I always try to play chess... especially when I am being chased by the bear...

[Wilhelm]

I hear people say this all the time. Then when it crashes down to that level I tell them to buy and then they say "It's crashed I'm not putting my money in that!?!?" and then when it rockets up again they will claim to wait for it to go down again.

Excuses won't make you rich...

I would never say that, I just didn't have enough dollars when bitcoin was at the bottom.

My experience is that most would be in fear and not do it.
If you would, then that would make you a good investor.

[WoopDeBoop]

sure those price is in way too low I even bought more on OWNR wallet

[serveria.com]

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

I hope you are wrong dude, I pray to god that bitcoin goes back to 10 thousand and can buy more.

Man, this is ridiculous. You had literally years to buy BTC under $10k. Where have you been?

And if you want to invest in BTC invest now, don't lose any more time. You will be rewarded soon. 

[El duderino_]

[serveria.com]

https://twitter.com/BrianLockhart/status/1365944242560847872?s=20

You said "Doge"-what now??    

if it's not #Bitcoin then it's a shitcoin

https://twitter.com/spinte7/status/1366296288258633729

This meme has to be fixed/upgraded. I really suck at memes so I'll try to describe it here. The guy in the middle is mindrust he's saying: but black swan event!   The guy to the right says: He sold it all at 3k!  

[serveria.com]

Totally agree.. it's a shame legendary guys like Elwar calling the top now... what a disgrace 

wtf are you talking here? he can call the top whenever he wants. he is not presenting it as a fact, he does not try to convince any noob to sell. it is just his opinion and he is entitled to have one, as you do, too.

shame and disgrace are not the words that should be used here.

there was a popular moderator of the speculation subforum in 2017 that was calling the top at 2500 USD.  and there were folks that followed his explanations and sold out.

Yeah that's right so it was/is my opinion and I shared it. I'm not embarrassed I still think so. Yes he's an early adopter and deserves respect even for that fact alone. But it's so disappointing to see prominent bitcoiners call the top at $50k and selling all their stashes (not Elwar). That's a short-sighted decision. Bitcoin has no space to grow, no space to develop, it has lost it's meaning and mission and what not. That's BS. We will reach 6 digits during this cycle not the next one. 

[Wekkel]

Watching $48,500. If we go over that decisively, it seems the correction is over.

[dieselmeister]

IF someone want to read the whole report of Bitcoin from citi.

https://ir.citi.com/peFJTnzeEoMSIAEFlwH12VeM5d%2BCckWNrsO9lxpmyWezrz5V%2Bx%2FfRvm0gv6cWRpDHGWtIk7sTME%3D

[fillippone]

He did it again!


https://twitter.com/michael_saylor/status/1366375915559792640?s=20


Don't worry for their rising DCA price : they still are 92% in the money!

[AlcoHoDL]

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

I hope you are wrong dude, I pray to god that bitcoin goes back to 10 thousand and can buy more.

No, you won't. If it ever goes back to $10k (which it won't), you will shout "Bitcoin dead" and will not buy. Or, you will wait for it to go to $1k, then to $100, ad infinitum.

It has been said before, and I'll say it one more time: Best time to buy: NOW!

When it reaches $1M, you'll be wishing it drops to $100k to buy cheaply.

Smarten up. Buy now.

[vapourminer]

Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!

[AlcoHoDL]

Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!

Don't worry about math & science. They've been taken care of by the Proud Honey.

[JayJuanGee]

Now, now, be nice to Elwar.

Always nice to the brother.... but we must not agree on everything, I didn’t said something wrong did I?

Just said he maybe bumped his head in the cabins of the crew, it’s a bit lower there etc so might happened, from there he maybe saying ATH in the start of a bull run etc

Btw it’s j/k

But also calling 2 times ATH at the two tops....  

We are talking about ideas here, anyhow, not people.

For sure Elwar has always been a bit of his own person, and sometimes quite stubborn - and sure it takes all types to contribute to the space - and without getting too much into his past situations, he has been somewhat consistent about his position in regards to this particular run, including that he both took a decent stance by cashing out a decent amount of BTC in the little over $50k arena, and he said that he had that view for a couple of years - which does seem a bit ridiculous on its face given the already existence of pretty strong currently relevant bitcoin prediction models that even went back for a couple of year, those prediction models are playing out pretty handsomely and there are some actual facts (for anyone trying to actually account for actual facts) that establish that the BTC price prediction models might NOT be bullish enough.

So yeah, if some guys want to project their own little view of our current BTC price dynamics that seem to fly in the face of what seems to be overwhelming trends, then sure they might be acting to be their own unique person, and sure there is some kind of implication that maybe there might have been some sudden change in perspective, too... but sometimes people may have been reading too much into Elwar's purported bullishness about bitcoin because of his pie in the sky stance on seasteads and even the purchase of the cruise ship to attempt to get some kind of bitcoin focused business and community going.

There have all kinds of us who sometimes will express some views that are a bit outside of the way that others are framing matters, and sure sometimes, we do need to keep some of those guys "in-check" in order to put their seeming craziness (or uniqueness) into perspective and maybe show some of the weaknesses in their thinking and even when he (Elwar) made his $50k prediction, and then was seeming to look wrong when BTC prices looked like they were going to be going passed $60k, but then he started to feel a bit of his goat.. when it started to appear that he could be correct.. and sure, a lot of us like to end up being correct even when we provide the "tough love" predictions that we do not even want to become true.

He will be shown to be wrong, soon enough.. but he has already buttressed his prediction in such a way to preserve that he has enough BTC for UP, too, despite a bit of his recent gloating about the downward BTC price movements.

There have been quite a few long timer bitcoiners who have made quite logically sound and overly bearish BTC predictions, and since some of us more bullish BTC predictors have been shown to be too bearish, they have been shown to be even further on the spectrum of wrongness in terms of their reservations about bullish scenarios - or their conservative assertions about where they expect the BTC price to go, blah blah blah.

Totally agree.. it's a shame legendary guys like Elwar calling the top now... what a disgrace 

wtf are you talking here? he can call the top whenever he wants. he is not presenting it as a fact, he does not try to convince any noob to sell. it is just his opinion and he is entitled to have one, as you do, too.

shame and disgrace are not the words that should be used here.

there was a popular moderator of the speculation subforum in 2017 that was calling the top at 2500 USD.  and there were folks that followed his explanations and sold out.

I don't know 600W... sometimes strong language should be used to attempt to make a point.. but yeah, maybe "shame" and "disgrace" are way too personal, and they are not quite descriptive enough of the criticism... because sure, Elwar, does have a right to call the top, and members should assert their various reasons why they disagree with them, and sometimes members do not really know why they disagree beyond just feelings that the cycle is not over.. which is contrary to what Elwar is incorporating into his assertion that $50k is the top (or could be the top, even though he was gloating a bit about it, too).  So, sure we can come out either way in terms of how heavily we want to battle Elwar and even throw in a few pieces of heavy language here and there to make our points.

[JayJuanGee]

$58000 being the top is just out of the question. It's impossible. We're going higher to at least 6 digits guys!  

Indeed!



It's a long way to the top if you wanna rock 'n' roll.

Nice chart!!!!   Personally, I would rather see the juxtaposition of two four-year snapshots (context) rather than two 2-year snapshots on each of those overlays (which 2-years appears to have been what you did, Phil_S) because many of us realize that even if BTC price dynamics might not exactly be locked into BTC price movements having to run in terms of 4-year frameworks (because surely there are some other aspects, too), so far 4-year frameworks have been serving to show what's going on in bitcoin quite well - even with increasing BTC adoption.. which is a bit crazy as fuck if you really think about the matter for bitcoin's price to be ongoingly moving with the facts as they are taking us within such a purposeful 4-year framework BTC design structure.

When, then, do you think an 80% correction will occur?

After the top!

If it occurs, at all.

No guarantee.

I expected someone to share the analysis and not just words.

Yes, for peeps who seem to be already creating first impressions of a diptwat beartroll, no coiner (or damned close to it), you are lucky to even get a response.. that provides you with the punchline correct answer.. so you can do your own research, if you ever heard of such a thing?    

[Parazyd]

Someone turned on the rocket?

[Elwar]

Now, now, be nice to Elwar.

Always nice to the brother.... but we must not agree on everything, I didn’t said something wrong did I?

Just said he maybe bumped his head in the cabins of the crew, it’s a bit lower there etc so might happened, from there he maybe saying ATH in the start of a bull run etc

Btw it’s j/k

But also calling 2 times ATH at the two tops.... 

I'm mainly just preparing myself for it emotionally.

I lose millions but hey...at least I was right on an Internet forum...

[Dabs]

Elwar has already said, he's not touching his corns for at least another 4 years. He can surely wait a couple of years. Might even be wise to cash out one corn next year at whatever price it's at if it's above 100k, just to add to fiat reserves for normal life purposes.

In trad-fi, people like to have "emergency savings" of at least 6 months. 6 months is the minimum. I have read blogs or article about people having 5 years sitting as cash, not invested at all. And these are trad-fi FIRE types who can only count on 4% safe withdrawal rates.

Many of us should be in a lot better position, but again, many of us are also all-in BTC, so ... drops happens and some panic. The diamond hands buy the dip.