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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 26484845 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.)
cAPSLOCK
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June 08, 2021, 05:43:11 PM

It's been over 10 years, but it's wild to finally see the confirmed end of bitcoin play out in real time. What should we do now?

Seriously.  This might be your best work yet.  I mean it.  I wish I could figure out how to reduce it to a tag line for my profile to replace the last one I got from you. Wink

Any ideas?

"It's over... it's finally over."

"Hard to believe: The end of bitcoin."

"In the east, we see the sun finally setting on Bitcoin."

Hmm, last one is too long for sure.
cAPSLOCK
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June 08, 2021, 05:47:14 PM

DON'T PANIC ON THE TITANIC
because Wyckoff.




Damn.  I know very little about Wycoff, and have always sort of thought it was even more voodoo than even the impulse wave stuff... but I have never seen a better match than that.  Damn.  It's like a blueprint.
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June 08, 2021, 05:48:33 PM
Merited by OROBTC (1)

--  JJG (578870, but does it matter which long post?) for general sensible advice.  

I am going to suggest that your inclinations are not incorrect because in the medium to long run my posts "blur"tm into the same kind of repetition (some say treasure and others say not).


My original thoughts of having 1% of my net in BTC turned out well.  Was up to 4%...

Thanks for giving me another opportunity to "beat up on you."  #nohomo  Of course, my relatively long-standing not advice advice (which might also be characterized as a suggestion) has been for anyone who has at least a 4-year investment time horizon would be to consider their start out allocation into bitcoin as between 1% to 10%, and surely if you are on the lower end of that allocation amount then you are being quite whimpy. 

Nothing wrong with being whimpy, especially if you are very gunshy and/or you have given personalized consideration to the whole matter.

Surely my various back and forths with you over the years  has informed me that you, Oro, seem to be more in the camp of someone who has gone through a certain level of personal consideration of your chosen allocation amount(s), your chosen strategies and your
reasons for such.  Accordingly, I am responding to the ideas of your post, and not so much to you in regards to the idea of allocation and also how aggressive someone might want to be in connection with his/her chosen allocation amounts.  Another  peculiarity for you, Oro, seems to be that you had already had a pretty decently long investment history with gold and perhaps some other kinds of investments, so you have had developed a variety of comfort levels with your cash management and assessments of your needs and your financial goals that may well differ from other peeps, but the main thing remains your own comforts with your chosen balances of a variety of personal factors that may well differ from a decent number of others who may be weighing those various personal considerations.

I guess the main point still is that even if there might be some disagreement regarding the aggressiveness (or lack thereof) your chosen allocations in the smeemingly whimpy 1% arena, and also including your frequent reallocation (seeming choice not to let your winners ride a wee bit more), but it still seems to both float your boat and allow you some level of comfort (to the extent that you are not just making shit up... hahahahaha).


Anyhow thanks for referencing me, which I largely read as an opportunity to harass you a wee bit. Wink

Just sitting here doing a little multisig build with my jaw repeatedly hitting the floor as political leaders ALL OVER Central and South America are putting laser eyes in their twitter profiles.

This is UNREAL.

I *LOOOOVE* that we are in the middle of an attack on price (I say it because of the short interest that cropped up etc).  I betcha we see that attack simmer down pretty quick now because the people doing it must be about to shit their pants.  Because if they don't close out of all that stuff they stand to get caught in a pretty epic short-squeeze.  In fact it's a catch-22.  If some of them get cold feet.  But who knows?  The wallets I am making are not for selling to Michael Saylor, that's for sure, lol...

I think we COULD see one more capitulation event?  But how on EARTH does this keep going down?



Even though atm u b seeming very, very, very ccccciiiiiiiittttttttteeeeeetm... not safe to keep too many of your lil screwie thing-i-ma-jiggies in one spotty (speaking of doggies).

#just saying
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June 08, 2021, 05:50:31 PM



Super Bullish.  Hedgeye more sophisticated than Schiff or Krugman, but just about as reliable a inverse indicator.
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June 08, 2021, 05:53:47 PM

We really do have a mega H&S forming on the daily. Looks horrid and everyone can see it and is probably trading it.

100% confirmed

The shorters whom getting rekt will be biblical

Seriously.  I was expecting this dump.. it looked planned to me.

They GOTTA be getting just a little bit edgy at this point.

How long till the southern half of the eastern hemisphere starts lighting up?? I give it under a week.
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June 08, 2021, 05:57:21 PM

https://www.seattlepi.com/news/article/Down-Under-criminals-tricked-into-using-FBI-run-16231906.php

"
THE HAGUE, Netherlands (AP) — Criminal gangs divulged plans for moving drug shipments and carrying out killings on a messaging app secretly run by the FBI, law enforcement agencies said Tuesday, as they unveiled a global sting operation they said dealt an “unprecedented blow” to organized crime in countries around the world.

The operation known as Trojan Shield led to police raids in 16 nations. More than 800 suspects were arrested and more than 32 tons of drugs — including cocaine, cannabis, amphetamines and methamphetamines — were seized along with 250 firearms, 55 luxury cars and more than $148 million in cash and cryptocurrencies.
"

Could be one of the methods used to get back the pipeline ransom coins..



Some criminals are idiots eh,... why couldn't they use any other messaging app, like Signal, .... or there are plenty others out there, as well as GPG (but then they'd need to use email maybe.)

GPG is too hard for 90%, but it is THE way.  Same exact attack vectors as bitcoin, really... as in none except for a compromised machine, and social attacks.
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June 08, 2021, 06:01:36 PM


Explanation
becoin
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June 08, 2021, 06:06:57 PM


I'm putting this trash on my ignore list for it is just waste of space. It is the only one on my ignore list currently!
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June 08, 2021, 06:15:52 PM

I think this is all china.


... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may
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June 08, 2021, 06:17:55 PM

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.
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June 08, 2021, 06:22:40 PM
Merited by JayJuanGee (1)

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.

... 32k will be the new 3.2k ... as in 'I wish I had bought the 32k low'
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June 08, 2021, 06:33:11 PM

I think this is all china.


... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may

Interesting, indeed.
China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source.
I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement.

EDIT:
China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building).
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June 08, 2021, 06:47:52 PM

El Salvador to the US:

Have fun staying poor.
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June 08, 2021, 07:01:26 PM


Explanation
cAPSLOCK
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June 08, 2021, 07:01:51 PM

Even though atm u b seeming very, very, very ccccciiiiiiiittttttttteeeeeetm... not safe to keep too many of your lil screwie thing-i-ma-jiggies in one spotty (speaking of doggies).

#just saying

You got to have them all in one place when you are setting up multi-sig wallets...

Either that or have a ridiculously good memory? Wink

The reason I have more than one is to geolocate them across space.  But you got to spend a minute with 'em to gem 'em all their marching orders.
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June 08, 2021, 07:03:09 PM
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[mostly edited out]

Surely my various back and forths with you over the years  has informed me that you, Oro, seem to be more in the camp of someone who has gone through a certain level of personal consideration of your chosen allocation amount(s), your chosen strategies and your reasons for such.  Accordingly, I am responding to the ideas of your post, and not so much to you in regards to the idea of allocation and also how aggressive someone might want to be in connection with his/her chosen allocation amounts.  Another  peculiarity for you, Oro, seems to be that you had already had a pretty decently long investment history with gold and perhaps some other kinds of investments, so you have had developed a variety of comfort levels with your cash management and assessments of your needs and your financial goals that may well differ from other peeps, but the main thing remains your own comforts with your chosen balances of a variety of personal factors that may well differ from a decent number of others who may be weighing those various personal considerations.

I guess the main point still is that even if there might be some disagreement regarding the aggressiveness (or lack thereof) your chosen allocations in the smeemingly whimpy 1% arena, and also including your frequent reallocation (seeming choice not to let your winners ride a wee bit more), but it still seems to both float your boat and allow you some level of comfort (to the extent that you are not just making shit up... hahahahaha).


Anyhow thanks for referencing me, which I largely read as an opportunity to harass you a wee bit. Wink



I have very much enjoyed back & forths here at W.O., in part because the quality of conversation here is so much better than the rat-nests that so infested Zero Hedge when I was a member there (it's even worse at ZH now).

DO note that anyone with even a wimpier 0.1% of BTC is way better off (in that portion of his/her portfolio) than almost anyone else.  I got lucky, bought from 2014 - 2020, sold a bunch in 2017 and 2021.  1% is meaningful when that magically made it to nearly 4% (ahh, that would be the tranches that I sold near the ATHs).  I have cashed out a bunch, but still HODL way more than the Average Joe.  Even if a wimpy 1% way less than the Average Joe W. Observer.

Indeed my personal circumstances very different than almost anyone else's here.  I pretty much had to learn on my own, with nice help along the way.  With one exception, NONE of my friends or family are into BTC/crypto (though our son-in-law is into BTC and ETH, and fairly bigly).  1% seemed to be the "right" amount.  Perhaps the best investment advice I ever got was:

"Buy only as much as you understand"

That was from obscure gold guy FOFOA.  And that advice has worked well for me for decades.  But plain old good luck has been a big piece of that.  Or His Will for those who so prefer.  I do not ever forget that.  I will never forget that: I never got here on my own.  
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June 08, 2021, 07:04:01 PM

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.

Everyone ALWAYS think they missed the boat.  Everyone has been wrong, so far.
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June 08, 2021, 07:25:27 PM
Merited by JayJuanGee (1)

El Salvador gives us a preview of the next cycle or countries buying BTC. 2013 - geeks, 2017 - retail, 2021 - institutions, 2025 - countries!  Cool
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June 08, 2021, 07:42:35 PM

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.
I would say it's very much on the cards
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June 08, 2021, 07:46:07 PM
Merited by JayJuanGee (1)


I'm putting this trash on my ignore list for it is just waste of space. It is the only one on my ignore list currently!


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