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

[AlcoHoDL]

every try to get new the 50k will be disruped by sell of a larger amout of coins. Second time. we were at 49750... and the next moment (no real pattern break visible) 48900 until a little rebounce... Same pattern in Jan and last week. Every time near 50k ...

Another round number psychological hurdle. As much as traders like to claim they operate on logic they seem mostly to operate on something else. We'll be fighting for every 10k milestone until 100k probably.

I think $50k and $100k will be the hardest, followed by $200k, $500k, and $1M.

These are the so called "powers", "halves" and "doubles". $100k is a power, $50k is a half, $200k is a double. Same with $1M (a power) and $500k (a half). These tend to be the most difficult to permanently cross, mainly for psychological reasons. Adding a bit of math & science to the mix, the sequence {..., 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000, ...} is fairly evenly spaced on a log scale, which fits nicely with the price progressions on most price prediction models for Bitcoin.

The above sequence is also being used for voltage/time selection in oscilloscopes, and in most other instruments.



tl;dr: When we cross $50k for good, the rise to $100k could be faster that expected, but will not be easy to permanently cross. Brace yourselves, and never forget: HoDL.

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[d_eddie]

tl;dr: When we cross $50k for good, the rise to $100k could be faster that expected. Brace yourselves, and never forget: HoDL.

I agree with your SOMA forecast of the 50-to-100 trajectory.
I'm tempted to WOsMerit you, but I'm afraid of inflation.
What can you expect from a bitcoiner?
Next time I won't refrain, serious.

[Sayeds56]

every try to get new the 50k will be disruped by sell of a larger amout of coins. Second time. we were at 49750... and the next moment (no real pattern break visible) 48900 until a little rebounce... Same pattern in Jan and last week. Every time near 50k ...

Another round number psychological hurdle. As much as traders like to claim they operate on logic they seem mostly to operate on something else. We'll be fighting for every 10k milestone until 100k probably.

I think $50k and $100k will be the hardest, followed by $200k, $500k, and $1M.

These are the so called "powers", "halves" and "doubles". $100k is a power, $50k is a half, $200k is a double. Same with $1M (a power) and $500k (a half). These tend to be the most difficult to permanently cross, mainly for psychological reasons. Adding a bit of math & science to the mix, the sequence {..., 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000, ...} is fairly evenly spaced on a log scale, which fits nicely with the price progressions on most price prediction models for Bitcoin.

The above sequence is also being used for voltage/time selection in oscilloscopes, and in most other instruments.



tl;dr: When we cross $50k for good, the rise to $100k could be faster that expected. Brace yourselves, and never forget: HoDL.

[Torque]

Buying this dip with orders all the way down to $45k... for now. Already got filled @ $47.5k

O’Leary had always been worried about regulators coming down hard on bitcoin. In December, he warned that “Grown men are going to weep when that happens. You will never see a loss of capital like that ever in your life. It will be brutal.”

Another elitist loser who can go absolutely fuck himself.

Sorry Kevin, but you don't get to go from "bitcoin is absolute garbage" and "will crash to zero", in the span of 2 months, to "bitcoin is great! I'm investing now!" without getting ripped a new one in the court of public opinion.

He's just another asshole wealthy elite who got kickbacks for slamming Bitcoin for years, in order to sway Average Joe away from investing in it.

FU, Kevin!

[Biodom]

He's just another asshole wealthy elite who got kickbacks for slamming Bitcoin for years, in order to sway Average Joe away from investing in it.

FU, Kevin!

Yes, indeed.

The only question is whether the market that is dominated by assholes would remain the same market we love or it would become an "asshole market"?
Judging by today's bipolar trading, it does a little bit look like an asshole-driven market, just different assholes, maybe.
Before, we were shaking fists at Bitmex, now maybe WS arrogant nincompoops...I can barely stand all that bloviation.

[Dabs]

Sorry Kevin, but you don't get to go from "bitcoin is absolute garbage" and "will crash to zero", in the span of 2 months, to "bitcoin is great! I'm investing now!" without getting ripped a new one in the court of public opinion.

He's just another asshole wealthy elite who got kickbacks for slamming Bitcoin for years, in order to sway Average Joe away from investing in it.

FU, Kevin!

By that line of thinking, FU everyone else elitist arseholes just getting into bitcoin now. FU Peter Shiff because I know you're trying to dump your gold and get some bitcoins now. FU all the new billionaires ... see, eventually all of them will get some corns, so FU to them all huh...

[savetherainforest]

This is just becoming too annoying.

ignoreList.addEntryByUsername('savetherainforest');

Prepare to buy the dip at $39K $139K !!!

Here fixed it for you!  

*edit(): But its obvious that I don't rly want that to happen, cuz that would mean I would have to wait some more so I can sell a bit at $60K.

Don't worry Save the RF... You can easily earn around $100 every few minutes anyhow, so it's NOT like you won't be able to live decently well in the coming years... just think about it?  you are earning thousands of dollars an hour... so I have not really heard of $1million dollar income people not being in decently good positions - so why should you give any shits about if bitcoin goes down to $39k or up to $60k.. blah blah blah.?

By the way, for some strange reason, your actions and your words are just NOT adding up;.... it's like quasi-incoherent to attempt to follow your ideas (to the extent that you have any ideas beyond your wanting BTC prices to go down to below $40k.. which may well NOT happen.. and it may well be true that today could be amongst the last days to buy below $50k.. not that I really have any ideas.. just suggesting some possible outcomes of our current consolidations which does not necessarily result in down... and probably have greater chances to reach supra $60k before sub $40k.. perhaps?  perhaps?

I give a sh!t because I'm trying to help small new comers as I was when I started and I was listening to this thread but not any of you gave any sh!t to give an actual accurate and decent prediction to help me with my trades in increasing my stash!!!    
But to be fair to all of you posting sh!tfest memes here, some of you did post some charts and I had to learn the hard way to understand and read them. (even if u didn't say bad or good predictions)

Also for those who are reading what I say, when I say predictions. It might not go to $30K < > $39K. But for now $42K < > $44K is very real from the charts.  (Then its going Up and down on a spread of 2-3K in case of any of you trade... till around $55K ... then after that I don't know cuz we are not there yet! )



*edit():  AND I DO NOT F&CKING WANT FOR THE PRICE TO GO DOWN!!! I'm just telling u wtf is happening from the trades I make, and how I see the market moving. And for now there is some kind of shortage of cash or bitcoin.

But for now..... THE BATTLE FOR 44K AWAITS !!! If that holds... then we are going up. Prepare to panic buy on 44K+ if it goes up after a few attempts to break it.

*edit():  And not everyone is an 'idle hodler' like most of you. Some around here might be active traders or that follow this thread from the shadows like I did for a year or two before joining and creating an account.

[yefi]

Doesn't that O'Leary guy have a video from back in 2013 where he was positive on bitcoin and was dabbling in it? So he made a volte-face, and then another volte-face?

[cAPSLOCK]

Buying this dip with orders all the way down to $45k... for now. Already got filled @ $47.5k

O’Leary had always been worried about regulators coming down hard on bitcoin. In December, he warned that “Grown men are going to weep when that happens. You will never see a loss of capital like that ever in your life. It will be brutal.”

Another elitist loser who can go absolutely fuck himself.

Sorry Kevin, but you don't get to go from "bitcoin is absolute garbage" and "will crash to zero", in the span of 2 months, to "bitcoin is great! I'm investing now!" without getting ripped a new one in the court of public opinion.

He's just another asshole wealthy elite who got kickbacks for slamming Bitcoin for years, in order to sway Average Joe away from investing in it.

FU, Kevin!

Also you don't go from casting major shade ~1/22 and "Oh wow... I somehow just put 3% of my wealth into it!  It's great!" a month and a half later.

Like you say... he's outright talking his bags the whole way.

[cAPSLOCK]

Sorry Kevin, but you don't get to go from "bitcoin is absolute garbage" and "will crash to zero", in the span of 2 months, to "bitcoin is great! I'm investing now!" without getting ripped a new one in the court of public opinion.

He's just another asshole wealthy elite who got kickbacks for slamming Bitcoin for years, in order to sway Average Joe away from investing in it.

FU, Kevin!

By that line of thinking, FU everyone else elitist arseholes just getting into bitcoin now. FU Peter Shiff because I know you're trying to dump your gold and get some bitcoins now. FU all the new billionaires ... see, eventually all of them will get some corns, so FU to them all huh...

I think there is some nuance in here...  People can change their mind for sure...  But in this dudes case, it's nearly impossible for him not to have been taking a position while he was badmouthing the asset.

[savetherainforest]

[...]

By the way, for some strange reason, your actions and your words are just NOT adding up;.... it's like quasi-incoherent to attempt to follow your ideas [...]

I'm a 29* degree Pisces.     ... If you might know what does that mean, that means that I'm kinda invisible and I deal with the ignorance of a lot of people a f!cking LOT!.  ... Just some might 'observe' me.

[Cryptotourist]

Like you say... he's outright talking his bags the whole way.

What a fuck face, looks outright like Calvin Ayre's mega cunt cousin.


STRF ... giving precise predictions - on anything - does not help, and I don't care how many degrees Pisces.

[savetherainforest]

Like you say... he's outright talking his bags the whole way.

What a fuck face, looks outright like Calvin Ayre's mega cunt cousin.


STRF ... giving precise predictions - on anything - does not help, and I don't care how many degrees Pisces.

kk... hfsp.

[serveria.com]

Like you say... he's outright talking his bags the whole way.

What a fuck face, looks outright like Calvin Ayre's mega cunt cousin.


STRF ... giving precise predictions - on anything - does not help, and I don't care how many degrees Pisces.

kk... hfsp.

WTF is going on? Shitcoiner saying HFSP to a bitcoiner? Are you high or drunk or something?

[JayJuanGee]

[edited out]

I give a sh!t because I'm trying to help small new comers as I was when I started and I was listening to this thread but not any of you gave any sh!t to give an actual accurate and decent prediction to help me with my trades in increasing my stash!!!    

Get the fuck out of here, Safe the RF...

You already likely realize that your prediction is hardly worth the paper that it could be printed on, if anyone would bother to print it.  You are not helping anyone, and you are largely just talking your book as you already admitted.

But to be fair to all of you posting sh!tfest memes here, some of you did post some charts and I had to learn the hard way to understand and read them. (even if u didn't say bad or good predictions)

If we are talking longer term, that's another story.. there are various decent models for that.  As far as short and medium term, hardly anyone here knows shit, even if they proclaim to know things.
So... gotta give you a BIG ASS ---- whatever... because, peeps are all over the place and they are going to be all over the place in terms of their short to medium term calls, and sure once in a while some of them might get lucky, but hardly means shit... its a BIG so fucking what.

Also for those who are reading what I say, when I say predictions. It might not go to $30K < > $39K.

Yes.. you are probably even more retarded than some of the others here who are trying to make short to medium term predictions, so consider that.  

But for now $42K < > $44K is very real from the charts.  (Then its going Up and down on a spread of 2-3K in case of any of you trade... till around $55K ... then after that I don't know cuz we are not there yet! )

Key words, are that you don't know cuz... and stop calling me cuz.

   

*edit():  AND I DO NOT F&CKING WANT FOR THE PRICE TO GO DOWN!!! I'm just telling u wtf is happening from the trades I make, and how I see the market moving. And for now there is some kind of shortage of cash or bitcoin.

But for now..... THE BATTLE FOR 44K AWAITS !!! If that holds... then we are going up. Prepare to panic buy on 44K+ if it goes up after a few attempts to break it.

Yes.. BTC prices go up and they go down.  They might go down to $44k and they might not.

*edit():  And not everyone is an 'idle hodler' like most of you. Some around here might be active traders or that follow this thread from the shadows like I did for a year or two before joining and creating an account.

Well one positive, is that for the moment, you are at least trying to talk about bitcoin.. so even if you are a retard, you are somewhat an on topic retard.  

[serveria.com]

Focus ur lil selfie!!!!!

Shitcoins no don't matter.

Shitcoins no don't matter.

Shitcoins no don't matter.

Shitcoins no don't matter.

Shitcoins no don't matter.

Shitcoins no don't matter.

Focus lil selfie on selfie and bitcoin.

Focus lil selfie on selfie and bitcoin.

Focus lil selfie on selfie and bitcoin.

Focus lil selfie on selfie and bitcoin.

Focus lil selfie on selfie and bitcoin.

You should thank me later.. perhaps?.... you just gotta snap out of the shitcoins.  No value there.  Never gonna become richie from rolling around in shit.

                          

Sure we do... 4% is better then 2%.

Zoom out ur lil selfie, Save the RF:

Do you have time for 2,300% in returns, which would be more or less 23x returns on your investment for mere dollar cost averaging of around $100 per week for the past 5 years, which would be the degree of your returns if you had been dollar cost averaging into BTC for the past 5 years - right around the time that you registered your forum account.

Of course, the longer of your investment timeline (history) including DCA buying, the better your returns… at least that has been the case, so far in bitcoin... and there is no real credible reason to believe that bitcoin is not going to continue to be a good investment in the coming 5-10 and longer years, even for peeps just getting started now... .. and surely, you Save the RF have an advantage of having had known about bitcoin for nearly 5 years already.. so you should be well at an advantage if you have been able to actually learn something from your bitcoin experiences and stop getting distracted by short term crap that may or may not work out so well.

Think long term, think bitcoin and think about accumulating BTC by buying regularly (aka DCA) buying on dips, HODLing if you run out of money upon ongoing dips and just doing your best to NOT sell until you have actually met your accumulation goals.  You should be trying to accumulate BTC by selling.. because you need to reach your BTC accumulation goals first... anyhow, never too late...

So look at that chart that I linked above (ok here it is again)  to see that $100 per week over 5 years would have been an investment of $26,100, which would have added up to 12.504 BTC and a current value of $625,200.. Nothing to sneeze at and not even an outrageously high budgetary amount of investing $400 per month over the past 5 years.

I make 100$ once every few minutes.

*edit():  But sometimes I do wait. For example, 27 January > 18-19 February... it was a good time to just buy and wait till that date.

This guy is full of shit JJG. Some 2-3 posts ago he claimed he didn't have enough money to BTFD. Now he earns $100 every minute. He deserves to be bat-slapped and forced to read your mantra above all day long every day!  

[d_eddie]

Wasted time. Let's wait for Theymos to reinstate the rightful account owner, or for the account owner, already rightful, to come to his senses, or to buy some corn already and let us be.

[OROBTC]

Hello

Long time lurker here (and on the previous WO threads).

Just to tell you all that I am now debt free (see experience here in French).

I know that I will regret selling in a few months but I think living free of debts is worth it

And I still own enough coins to put some butter on the spinaches.

Bienvenue!

Although not located in France, there are plenty of BTC ATMs located in nearby Italy, Belgium and Spain:

https://shitcoins.club/locations

Last time I looked (not today), many of these machines did not require ID or SMS messaging via cellphone for amounts up to 1000 Euro or so.

[savetherainforest]

Wasted time. Let's wait for Theymos to reinstate the rightful account owner, or for the account owner, already rightful, to come to his senses, or to buy some corn already and let us be.

I sold corn yesterday at 50K ... and it felt good to know it was going down after!

[LFC_Bitcoin]

https://twitter.com/btc_archive/status/1366840463773364232?s=21