Badger is toying with 60k again.
And immediately a $6m sell wall appears (Stamp).
Their days are numbered.
Those dweebs.Sure the sellers can keep testing the resolve of buyers, but the writing seems to be on the wall.. whether it takes a few more hours or a few months this baby seems inclined for UPpity.. sell if you must.. and employ your weepenings at a later date.
Good morning NFT buffs WOers!
fNFTs were cute, but I wasn't so much into it. There's no fun in being given 1000 BTC for free, just like that. And who wants MySQL-settled NFTs anyways? I want dee blockchainz!
I found that to be a kind of fun little game, even though it did end up teaching about shitcoin dynamics for those who tried to watch it or participated in order to attempt to get a feeling for it.
I am thinking that with this particular game, it would have been nice to let it ride for week.. like a April fools week - because 24 hours can surely fly by quickly, and some members did not even realize what was going on and maybe some other members did not try their hand/luck at some of the attempt to trade matters.
I see we are close to Euro-ATH again, currently @ 50,640 € (ATH = 51,000 €). Also, getting very close to $60k again, and need another $2,000 for reaching USD-ATH due to exchange rate fluctuations.
So, business as usual, all is fine, and the path to $100k is slowly but surely being paved. If we reach $65k by mid-April and $70k by end of April I'll be happy(er).
Even though some peeps seem to be grumbling in terms of the BTC price being kind of stagnant - there seems to be some failure/refusal to recognize and appreciate the amount of stable that comes from such a relatively slow and steady price move UPpity.. In other words, this is the "stable" that many people wish for, but many do NOT necessarily realize or recognize it, while it is happening.
Many of us, also, likely appreciate that we should be enjoying this relatively slow UPpity while it is happening... because even though none of this BTC shit price action is guaranteed, we are likely in for some upcoming bitcoin price violence.And, hey, relatively speaking there continues to be confusion on many sides of the argument, and some folks (probably mostly no coiners or those who sold too many coins too soon) believe that BTC is already in a kind of blow-off top territory with a 6x price appreciation within about 7 months, and yes in traditional / mature markets that kind of price appreciation would surely be reasonably measured as frothy... but wake up you dumb fucks who are considering the BTC price dynamics situation from this angle and trying to imbue asset class maturity upon it when such asset class maturity does not exist in bitcoin - even while there might be pieces of information in bitcoin that can be latched upon in order to see what you want to see - but largely just shows that some of these folks who are already measuring a blow off top, froth or over-exuberance in bitcoin continue to NOT appreciate what bitcoin is bringing to the table in terms of a paradigm (ground-breaking) shifting kind of contribution to the world, and sure their are some smartie pants who know this more than others - such as Michael Saylor and folks like him - and some know it, but are not saying anything.. like Saylor seems to get some thrill out of doing... hahahahahaha
April will surely be a fun month, as will the entire 2021.
I largely agree with you, but I am going to somewhat whimpily take the other side of the argument.
Remember what so many folks were saying about March. It is going to be a bad month blah blah blah because Marches tend to be bad in bitcoinlandia blah blah blah.
Well, I am NOT going to say that April is necessarily going to be bad, but we still need to consider where we are at in terms of measuring monthly (somewhat random) openings and closings in bitcoinlandia. Accordingly, we have had 6 months in a row of positive monthly candles.. So, I am not saying that a 7th one cannot happen.. and surely it does help somewhat that each of the months have been somewhat conservative in their percentages. It's not like we have had 70% to 100% months therein.. they have largely been sub 30% positive months that have just added up to a lot of ongoing BTC price appreciation.
So maybe I am thinking that the month is less convincing than the year if we are talking about the remainder of 2021.. and gosh do we have any kind of concrete sense yet, if our blow off top, assuming that we get one, is going to happen in 2021 or might it get pushed into the 1st or 2nd quarter of 2022? I don't see any writing on the wall regarding what is going to happen, even though the 2021 blow off top does remain the most likely of the scenarios because it fits into prior patterns better and even has a bit of logical appeal - but the relatively dumb ass
(in my way of framing them) theories of the impending supercycle and the never corrections of 85% again blah blah blah.. could cause our blow off top of this time around to get drug into either the 1st or 2nd quarter of 2022 (and it would be a bit outrageous if it were to get drug into the 3rd quarter of 2022 - though not completely out of the realm of eccentricities that could play out in a new asset class that has various BIG players employing game theory wittingly or unwittingly connected to affecting bitcoin pricenings).
This will likely be the year when the $100k milestone will be reached, and hopefully left far behind. If this happens, it will cause me (as I'm sure may other WOers too) to make some drastic changes to my real life, such as a reconsideration of my employment status and overall life planning.
I cannot disagree with you about very good chances of $100k being breached and perhaps even having a certain length of time above $100k... and sure there are likely a decent number of WO members who would be considering BTC price appreciations in that arena to be sufficient for them to pull some variation of a fuck you lever - but I would still be careful in terms of generalizing too much to suggest that your particular situation and the situation of a lot of your peers remains reflective of a multitude of graduations that exist - including that there have already been some who had hit such a fuck you lever pulling threshold at various BTC price points along the way $20k, $50k blah blah blah....
Another thing remains that due to bitcoin's volatility and anticipated expected ongoing volatility that some folks want to pie in the sky proclaim to be disappearing, from a prudence perspective, there still needs to be some kind of recognition of the existing volatility and the likely ongoing volatility in terms of how to deal with such reality (rather than wishing it away by proclaiming supercycle and other bullshit).
So yeah there remain a variety of ways to attempt to deal with the likely volatility in terms of cashing out some bitcoin in order to take that value out of the bitcoin volatility or attempting to account for such volatility within your individual calculations regarding how to incorporate such ongoing expected volatility into the assignment of value to your BTC stash, which I personally believe that the 208-week moving average accomplishes in a very conservative kind of way.. but since the 208-week moving average is so god damned low at $10,600-ish as I type, there would be a large number of guys who reasonably might end up using some other kind of measurement - such as the 104-week moving average (or maybe some other way of measuring BTC value and incorporating volatility into the calculation) that would give them a much higher BTC price value (with the 104-week moving average at about $15k currently as I type), and so sure the higher number would end up getting breached more frequently but it might allow for some guys to still relatively conservatively be able to put a reasonable valuation on BTC that allows them to pull the fuck you lever at a reasonable place for them - but still NOT too soon based on some fly-by-night BTC price that is not enduring - unless they cash out some or all of their BTC at that price - and I surely am not recommending (and many of us here too, if I might say) that BTC holders place much value in fiat or even other assets, so they better be careful about cashing out too many of their BTC, even if temporarily there might end up being a BTC price "top" going on.
Well, I've almost said this again for $10k when we were at $5k back in 2017, but I didn't do it, so there is a small possibility that, upon reaching $100k, I will then set my life-changing milestone to $200k, then $500k, then $1M. See where this is going?
You should be able to plan ahead and execute upon it, no? We are not talking about all or nothing, hopefully, right? For example, if you feel uncomfortable with cashing out 25% then maybe reduce that to 20% or 15% or whatever number causes you to feel comfortable.. and then if your original number was 25% at $100k, then maybe you take that whole 25% and you tell your lil selfie 10% at $100k, another 5% at $120k another 5% at $140k or whatever your various numbers would be in order to cause more comfort with actually following through with the plan rather than getting lulled into inaction...
Yeah, I know that some of us (probably more you than me) are able to project like 30 years into the future and then want to make sure that they do not pull their fuck you lever too soon because they have to support their lil selfies for at least those 30 years - and yeah medical and all of that, too.. so yeah, sometimes the calculations do have to go up in order to feel comfortable that you have certain BIG expenses covered, such as medical which seems to be a BIG ass stickler that inhibits some of the fuck you lever pulling (reasonably so, but should be able to be reasonably and prudently accounted for in the calculations, too).
The thing is, though, that Bitcoin is immortal and we're not. So, as we get older, we should start coinsidering (typo, but I won't correct it) actually using (a fraction of) out corn for real-life enjoyment, pleasures and/or debauchery, or whatever rocks each one's boat. I want my stash to be close to 0 BTC when I die.
I cannot argue with you about any of those points.. seem like very reasonable considerations.
I love you guys!
This is the best thread ever. I hope I won't get banned!
I agree that you should probably either get banned, suspended or some other kind of serious punishment.
ONLY Bawb can get away with failing/refusing to use a nohomo tag when devolving into such emotionalism...
I am sure that quite a few other guys here, feel quite uncomfortable regarding your level of blatantly expressing your emotions
, you fuck.
Sideways is a beautiful thing for me. But I get the vast majority of my corn from mining.
Hey it was a bitch for mining for years much like it was hard on hodlers that purchased on Dec 10, 2017.
So maybe 2021 is the year of the miner if so 2022 may be the year of the trader.
And if we go back to bears maybe 2023. All of which work well for me.
My position on sideways with an uppity slant is it is very good for business of BTC. Time will tell.
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