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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26483974 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
proudhon
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May 27, 2021, 05:06:53 PM

Another day, another devastating crash.

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May 27, 2021, 05:16:27 PM
Merited by nanobtc (1)

Friendly reminder: do NOT poke her just before futures expiry.



 Cheesy
Sayeds56
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Buzz App - Spin wheel, farm rewards


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May 27, 2021, 05:17:39 PM



https://twitter.com/themachinebuilt/status/1397663282689765378
cAPSLOCK
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Note the unconventional cAPITALIZATION!


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May 27, 2021, 05:27:12 PM

I just want to say that this has most certainly been my fav alt season so far.
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May 27, 2021, 05:41:18 PM

I just want to say that this has most certainly been my fav alt season so far.

yup but bitcoin better pass that 42k or crash because it's boring

anyway i'm going to Corsica on 6th June may as well take a break from all this (with a bitcoin alert on my phone on the beach  Grin)
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May 27, 2021, 05:44:48 PM
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I just want to say that this has most certainly been my fav alt season so far.

yup but bitcoin better pass that 42k or crash because it's boring

anyway i'm going to Corsica on 6th June may as well take a break from all this (with a bitcoin alert on my phone on the beach  Grin)

Why an alert?
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May 27, 2021, 06:01:34 PM


Explanation
JayJuanGee
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May 27, 2021, 06:27:47 PM
Last edit: May 27, 2021, 06:42:21 PM by JayJuanGee

conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.

reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.


Either it is manipulation OR it is that it has been much easier to speculate into shitcoins this time. People do not have to go via BTC this time to buy their favorite dog-moon coin. This also means comparisons between BTC 2017 and 2021 charts are not very meaningful. Comparing how the mcap of the entire crypto market behaved makes much more sense (unfortunately). If you look at total market cap you will see an extreme parabolic rise and consecutive higher highs with a clear blow off top (that many are arguing is missing in this bull run).

In other words, the lower lows and rather slow decline could be caused by craze just shifting to other sites, i.e. shitcoins.

Not something I personally like to see, but certainly something to consider.

your arguments are worth to consider for me. but it would mean the ATH after the 2020 halving event is just $64,895?

NEVER EVER  Cool

I did not get the concept of mini-bubbles, but yes, so far we almost never (or never?) went below the prior ATH. In later 2013 and 2014-15 never went below $32, in 2018 never went below $1163, hopefully now would not go below ~20K. That said, if we look at a progress in highs from 32 to 1163 to 19780 to now, then, logically, next stop (ATH) is projecting to be $157362. If you count from lows from 2 to 175 to 3160 to next, then it is projected to be just $15312 for the next low, which is kind of low, I admit. $15.3 low would suggest just $76.6K high (if $15.3K low corresponds to 80% decline), which is disturbingly close to $64.8K already achieved. I don't favor this, but there is a small probability that it might happen.

If we count from the ATH projection of 157362, though, then the next low would be 31472 (at 80% decline) or 23604 (at 85% decline from the top), both numbers still HIGHER than prior ATH, which would fit the pattern, so I would rather go with this: ~157K high, $24-32K low in this cycle. Some might argue that with these numbers we can all lay dormant until the next low comes in 2022-2023, unless you want to chase the 157K peak and happily convert some btc to "projects" there.

It is funny (or would we label it as strange or ironic?) how a lot of hay can be made out of wishful (fear mongering) nonsense in order to attempt to proclaim that purportedly king daddy has various price thresholds that could NOT be crossed without causing a cascading into uncharted (and presumably scary) territory result because of such pie in the sky fantastical creations of what is and what is not supposedly "unprecedented" price moves that go beyond anything ever seen previously.. yeah rrrriiiggghhhht.

Deserves a pretty damned BIG eyerolling, no?

Another day, another devastating crash.



Not ONLY devastating, but unprecedented, too.  amiNOTrite?

I just want to say that this has most certainly been my fav alt shitcoin season so far.

That's a pretty ambiguous statement.

Therefore, I cannot really rail upon you (or another way of saying batman slap you) for being too favorable about shitcoins, especially if my above FTFY proposal is accepted into the mix of things.

I just want to say that this has most certainly been my fav alt season so far.

yup but bitcoin better pass that 42k or crash because it's boring

You mean that there is resistance at $42k?  Haven't I heard that somewhere before?  Seems like it.
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May 27, 2021, 06:32:35 PM


Well technically it was bitcoinica, and it was about 120.

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May 27, 2021, 07:01:26 PM


Explanation
El duderino_
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May 27, 2021, 07:32:15 PM

50-ish correction and still up X100-ish love to have the same feeling as The ancients ones...

Though pity of the boating-ish accident and the slow recovery of stashes, but in that case I bought the DIP as big as I could... which wasn't that big cause all of my FIAT went in the previous lost holdings, so what was I happy about???
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yes


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May 27, 2021, 07:48:08 PM

https://twitter.com/100trillionusd/status/1397843883380326400?s=21

Quote
#bitcoin has no top because fiat has no bottom

Let that sink in  Grin
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May 27, 2021, 08:01:26 PM


Explanation
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May 27, 2021, 08:05:32 PM


USD $ is based on the faith in the system - Only thing backing this ‘money’ is belief in (the competency of US) government
 
The daily Show with Trevor Noah
https://youtu.be/QlHVCZPlGjQ
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May 27, 2021, 08:15:03 PM


USD $ is based on the faith in the system - Only thing backing this ‘money’ is belief in (the competency of US) government
 
The daily Show with Trevor Noah
https://youtu.be/QlHVCZPlGjQ


Well to be fair thats not true, its based on the Military might of the US Gov.
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May 27, 2021, 08:35:18 PM

https://twitter.com/100trillionusd/status/1397843883380326400?s=21

Quote
#bitcoin has no top because fiat has no bottom

Let that sink in  Grin

Bitcoin is a perfectly finite yardstick designed to measure a potentially infinite thing.

If we need "more" of it for our needs instead of making more we just divide it into smaller units.

When people understand this it might be broken by the stampede.
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May 27, 2021, 08:56:20 PM

50-ish correction and still up X100-ish love to have the same feeling as The ancients ones...

Though pity of the boating-ish accident and the slow recovery of stashes, but in that case I bought the DIP as big as I could... which wasn't that big cause all of my FIAT went in the previous lost holdings, so what was I happy about???

It's like a riddle dude.

Maybe some of us will aim for getting our 0.21 BTC first, and then shoot for 1 BTC and then 2.1BTC.. etc etc..

I suppose we could frame our bitcoin accumulation goals in terms of satoshis.. nothing wrong with that.

We still seem to be early in the game if we are finding out about bitcoin, creating a stacking plan and then just doing our best to stack reasonably and maybe trying to preserve our capital too......I mean by attempting to NOT be losing our coins along the way.

And, gosh yes, there may be a bit of frustration if you have to start over (or mostly over) in terms of quantity of BTC, and sometimes we may even have to set up new exchanges, new wallets or new ways of attempting to interact with our bitcoin whether it is getting it, storing it and sometimes transacting with it.

 I had a mostly no coiner ask me if he could get his coins directly from me, and I said that I do not mind; however, I was feeling a bit rusty in terms of which wallets to recommend to him for such direct interactions because I was considering making some of my own changes.. but he has not really pursued the matter and even seemed to become a bit nervous about having his own wallet.. and I even said that he could just get coins from exchanges too if that might be another option, but that would not be going through me. 

Seems to me that he was thinking about going through me in terms of him giving me cash, and then my sending him bitcoins through an exchange wallet that he would set up.. maybe even thinking that he could save on fees or issues about maximums and stuff like that... I don't really know because sometimes peeps will kind of drift off if there are multiple conversations going on in a group and then start talking to someone else or some other weird transitions.

I did mention that I was totally open to whatever, but he could probably notice that he was getting nervous if there were technical aspects involved and even spending some time with him to help him to get oriented might make him uncomfortable.. but even the no coiners (or precoiners) have to take some kinds of actions at some point.

I cannot be pursuing such peeps around in terms of if they want my help.. but then maybe they are not really sure about what they want to do blah blah blah.... but they realize that the price is much higher than when they spoke with me about the matter a few years earlier.. blah blah blah.

By the way, our conversation was on Sunday and the BTC price was bouncing between $32k and $33k when we were having that conversation.. so I am not sure if subsequent price fluctuations are motivating him to some extent too in terms of subsequent hesitancies.

Many of us know that people seem to come up with all kinds of excuses about why to delay taking actual action... so any of us who are actually looking out for our own interests, trying to stay involved in the BTC space and also hopefully improving some of our own systems (including attempting to avoid future boating accidents) are likely going to be considerably ahead of the so many ongoing gun-shy and hesitant peeps out there.
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May 27, 2021, 09:01:34 PM


Explanation
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May 27, 2021, 09:31:38 PM
Last edit: May 27, 2021, 10:31:45 PM by Arriemoller

A quick update on the Binance bitcoin card.

I went grocery shopping at City Gross and Ica Maxi this evening and the card worked just fine, I could plipp at both terminals, the text is, as expected, still displayed in English instead of Swedish.
I withdrew 200 SEK at the local City Gross ATM, no problems at all, but more options to choose, first it displays the conversion rate and fees from EUR to SEK and asks for your approval, then it asks you to choose between going forward with or without conversion, I chose with conversion., it worked just fine.
I then drove to a proper bank ATM and did the same thing, I got the same questions, but this time I chose without conversion. All text on the ATM:s where in English.
When I got home I checked the amount in EUR that was withdrawn from my Binance account, and it was 19.78 EUR in both cases, so it obviously doesn't matter what you choose.
I also stopped by Mcd and the local gas station again, In Mcd I could now plipp without problems, but the gas station still gives me "technical error", It's a Qstar by the way for any Swedes that might be curious.

I'm gonna go try the card on some other gas stations too and I'm also gonna see if I can fool the system and get cashback on cash withdrawal by doing it at checkout when I pay for my grocerys.

So far I'm pleased with the card.

To be continued.

Edited.
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May 27, 2021, 10:01:25 PM


Explanation
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