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

[JayJuanGee]

By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.

Without betting any "real" money (aka king daddy, aka the corn etc.), I think we could have already begun observing some relative puniness in this cycle, if there weren't so many big players really getting in the arena and putting their money where their tweets are. The new players, institutional or silent as they may be, are positively skewing the market by pouring a previously unseen money supply into the market. So there is that. Can this welcome skewing go on at this rate? 2x a year is the kind of exponential growth that sooner or later hits the ceiling with a sore head. The flattenening (?) part of the S-curve, in udder words. We'll have to wait 2024 to actually see where things are going. But it's always like that with the corn, isn't it.

Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
 

For dee fucking our lil selfies bit, I have no problems to keep waiting a lil more. If you feel any rush, please go ahead

Personally, I get the sense that you are framing our current situation in a very similar kind of somewhat "annoying" conservatism as you had been expressing in the months immediately preceding April 2019.

Sure, nothing wrong with having some reservations in your concerns about where the bull market might go and even having some mental and financial preparedness for DOWNity in case UPpity comes to an end sooner than expected... So yeah, no problems with that.

Maybe my "problems" to the extent that they can be described as "problems" remains that you are seeming to make a pretty strong assertion in regards to your anticipation of future bitcoin cycle "puniness", but you are making such proclamations in such a way that causes me to speculate that there might be a bet in there somewhere, but we just have to narrow down the potential terms a wee bit more, but I believe that even though you are having feelings of a certain kind of concreteness in your speculations about "puniness" but you are a wee bit afraid to put them into writing into a kind of way that it could be bettable.  

Maybe I need to try to narrow down the terms of what you seem to be saying, and then we can try to go from there in terms of tweaking the terms to make them acceptable.

I'm as bullish long term as anyone. What I'm suggesting - and I may of course be wrong - is that future growth will be less tied to the 4-year cycle than it is now. The halvening effects will be slighter and slighter. But still number go up, much up number go.

EDIT
A different angle for the same rationale: the availability of btc on exchanges - that are the spot price makers basically - is already much less dependent on periodic miner sales than it used to be. So the immediate effect of miners getting fewer coins as a reward will impact the price less and less. Of course, increasing scarcity will make its job behind the scenes one way or another.

In spite of your rambunctious and provocative rhetoric, I largely agree with your broad stroke assertions, and I would even proclaim that you are not really saying anything new.

It does seem that I am battling with any assertion that you might be making about such halvening effects becoming "puny" as soon as this next cycle... And that is the claim that I am saying bah-hum-bug to, to the extent that is the claim that you are making.  I was hoping that we could disagree more because I would like to be able to make a bet on such a suggestion that the halvenings are not going to be important for at least several more to come.. let's say 2024, 2028 and 2032.. minimum.. that would be reduction to 3.125 then reduction to 1.5625 and then reduction to .78125... They might remain significant after that as well, but at least the next three upcoming are going to continue to be significant (and not "puny") in my humble bumble opinion.. and it would be nice to at least bet on the 2024 one if you believe that one is going to be relatively puny and if we could put some metrics on it... which still seems that you are not willing to go that far.

[1714618533]

1714618533

[Hhampuz]

You are currently unable to place orders on binance for btc/usdt pair, hmm..

[heslo]

Well this is something guys....

[BitcoinBunny]

You are currently unable to place orders on binance for btc/usdt pair, hmm..

Super panic at the moment.
It's like 4.30am here in the UK.

It's not us. Don't blame the Brits.  

Bye bye 10K in like 10 minutes.

[JayJuanGee]

JJG shitcoins perform poorly vs some better one's..."How dare you to mention [outperforming] shitcoins on this board, you bastard!"

Get a grip Biodom without a dome.

Snap out of it!!!!!!!!!


You are perhaps going luney tooney in some kind of shitcoin pumpening season and all of sudden considering that either there might be value with shitcoins or that all of a sudden they have become relevant to this thread .... or maybe you believe that the pumpening of a coin equals it having fundamental values.

Whatever it is, snap the fuck out of it, and get a grip.  

JJG's shitcoins (of the lowest ilk) have a sign of life..."It is perfectly fine to mentions them in a positive fashion (lol-BTG-lol, ha ha ha, hee he he, wha wha wa)"

You are really appearing to be delerious..  Are you sure that you are an actual adult?  For some reason I was assuming that you were an adult, but you are really showing some pretty high level of immaturity here, no?  AmiNOTrite?

Hmm...what's good for the goose is good for the gander.

this board should be free from JJG bitchslap from now until eternity (if shitcoin talk is kept to some minimal value).
..."or else it gets the hose again".

Actually, you seem to be devolving into such a state that either you need a biiiiaaaaatcccchhhhh slap, taken out to the woodshed (getting woodshedded) or maybe a batman slap.  Not sure if there are any other options with such a seemingly out of touch peep who seems to go so far off the rails from some mere likely to be short-term (whether it takes a few days or a few decades) shitcoin pumpenings.

just tired of your endless hypocrisy..and 'holier than thou' attitude that's all.
"who da fuk arrr youuu" In Predator's voice

You seem to be both allowing ur lil selfie to take matters a bit too emotionally and you seem to be wanting to personalize something that should not be personal, which maybe you are reading too much of my stuff - especially if you are having wittle troubles coping with either my tone or my content.. or perhaps some other personal matter that seems that you are having difficulties controlling.  AmiNOTrite?

[Hhampuz]

You are currently unable to place orders on binance for btc/usdt pair, hmm..

Super panic at the moment.
It's like 4.30am here in the UK.

It's not us. Don't blame the Brits. 

Hahah.. I just wanna BTFD with the few $ I have on there.. boo.

[heslo]

Found this, dunno if there's anything to it

https://twitter.com/Fxhedgers/status/1383611847144730626

@Fxhedgers
U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES  -SOURCES

[BitcoinBunny]

Bye Bye 1 trillion 2 trillion market caps.

[JayJuanGee]

Bye Bye 1 trillion 2 trillion market caps.

I was starting to consider that bitcoin (aka lil fiend, aka used to be buddy) might be ded. 

Supra $1trillion was nice while it lasted.

 

[Hhampuz]

Found this, dunno if there's anything to it

https://twitter.com/Fxhedgers/status/1383611847144730626

@Fxhedgers
U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES  -SOURCES

Man I really hope that's fake news because you know - whether or not this will be "legit" - that some people will act so fucking smug about it.. "See, told ya crypto is just used for money laundering, what'd I tell ya!?" - that kinda bs.

[heslo]

Found this, dunno if there's anything to it

https://twitter.com/Fxhedgers/status/1383611847144730626

@Fxhedgers
U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES  -SOURCES

Man I really hope that's fake news because you know - whether or not this will be "legit" - that some people will act so fucking smug about it.. "See, told ya crypto is just used for money laundering, what'd I tell ya!?" - that kinda bs.

Yeah I agree, despite the fact the banks have been caught doing this time and time again and get away with just paying a fine. Let's see what comes of it. End of the day, bitcoin still rolls on

[Richy_T]

I guess we were overdue to shake out the weak hands.

[infofront]

HODL boys! We've been through worse.

[BitcoinBunny]

Time to hit the sack and lie next to the lady in the house.



Hopefully 53K resistance doesn't get beaten.
HODL and buy the dip if you can.

See you guys on the other side.

[WhyFhy]

Well Fuck...

*edit what happened!* lmao

[explorer]

   

   ALLRIGHT, who broke it?

[JayJuanGee]

I guess we were overdue to shake out the weak hands.

You can say that again.

It's been a while since we had any kind of quasi-meaningful correction whether we are referring to the quantity of the correction or how long it might last.

So far it has been pretty quick, since our high of $64,895 was on the 14th, and the amount of the correction so far is "only" about 20% to our current low of $51,541.  

I am not cheering for more correction, because frequently when there is so much volume in such a short period of time (that last leg from $58,600-ish to the $51,541 current bottom happened over about 25 minutes.  So sure there could be more, even if the bounce back (to reach about $56k within the past 5 minutes, as I type) is currently seeming decent.  We will see if the bounce back or an ongoing correction is in our near-term future?  We will see?   The next 36 hours are absolutely and undeniably critical.^tm  

[OgNasty]

$11K drop in a day. Not used to seeing such big moves going that direction. Good news for the market though. I look forward to reading the data about all the liquidated leveraged longs tomorrow. Now that the leverage has been freshly wiped, we should be good to make a move above $65K now.

[JayJuanGee]

$11K drop in a day. Not used to seeing such big moves going that direction. Good news for the market though. I look forward to reading the data about all the liquidated leveraged longs tomorrow. Now that the leverage has been freshly wiped, we should be good to make a move above $65K now.

Actually, that is true.. there should be a quite a few wiping of the leveraged longs from such an extreme and quick price move.. .. and of course, such wiping of longs does not guarantee that we are going to resume UPpity, but surely I had recalled seeing quite a bit of stacking of leveraged longs, which at some point becomes way too much of a honey pot for any deep pocket(s) to resist.

[Hueristic]

OK who was it that forgot about about slippage?

Fess up!