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

[AlcoHoDL]

The price is to damn low….

Though price is giving me a pleasant feeling as well, remember the moment buying BTC on the low and having a bearmarket where previous lower buyers where in the situation I’m in now…. The price is to damn low but much more comfortable as previous 3 years  

I consider never seeing Vegeta again as a major win.

Well, gosh I hardly know what to say... but that has not stopped me in the past... so why start now?

Hahaha, no I'm not bearish I'm just saying last year was in that range so fucking long never seeing that range again makes all the rest gravy.

For sure, I did not want to consider your statement as bearish because like you said, you were referring to a number that is pretty highly likely to never be seen again.. I am going to never say never (so that probably makes me somewhat more bearish than you, relatively speaking because I am willing to accept and entertain the idea, even though it has a pretty damned low number), even though we can appreciate that the odds of Vegetta remain pretty damned low and likely so low that we need not be giving them any kind of airplay.... but of course, also like you said, there are a lot of peeps who actually assign way higher likelihood to such a number than it deserves..

I still think we will see $50k before $25k, actually I will be surprised if we ever see $27500 again.

That's how I voted.. even though I believe that $46k is the number that we are looking for, as I already mentioned.

We are so damned close to hitting $28,600 (within striking distance as a matter of percentage) that I am not going to rest with any kind of calmness in terms of $46k being in the bag in contrast to $25k.. and sure.. I am not even sure if the odds could be much of a percentage or two from 50/50 in the whole scheme of things.  Sad to say... call me a bear (or a beaten up bull), if you must.   

Busy busy busy... But I always (try to) catch up with WO, my only source of Bitcoin info and related wisdom.

Nice analysis in your earlier post Jay, and I read Hueristic's reply too.

I also voted $50k before $25k.

For what it's worth (and it ain't worth much), I was at my 75" TV cousin's house yesterday for our usual BBQ. He is adamant that Bitcoin will drop below $20k, and even reach as low as $12k (but not lower than that).

Well, if the above comes true, so much the better for me, as I will surely be adding a healthy chunk of coin to my stash.

Keep it up guys, always a pleasure to read you. And take good care of the Singing Llama^TM, probably the only meaningful price predictor left in WO.

[OutOfMemory]

We’ve all been through times like this in bitcoin many times, doesn’t make it any better though. I think deep down I know we’ll still make new ATH’s in 2021. I’m such a pessimist though, price action sucks atm.

I miss muh green dildos & memes.

You're just preparing yourself to get excited 
How can one experience fun when he never learned to cry. (My stupid simplification of a chinese proverb)

Unpopular opinion: Troubled waters until 21st of July. I'll hodl my coins and save some fiat until then 

[ChartBuddy]

Explanation

[ImThour]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

[somac.]

We’ve all been through times like this in bitcoin many times, doesn’t make it any better though. I think deep down I know we’ll still make new ATH’s in 2021. I’m such a pessimist though, price action sucks atm.

I miss muh green dildos & memes.

You're just preparing yourself to get excited  
How can one experience fun when he never learned to cry. (My stupid simplification of a chinese proverb)

Unpopular opinion: Troubled waters until 21st of July. I'll hodl my coins and save some fiat until then  

I'm in LFC's boat. Pretty sure we are feeling the exact same feelings with the price action the last few months and all I can say is it sucks.

Of course long-term we both know where this is going, but, as they say "waiting is the hardest part".

[ChartBuddy]

Explanation

[OutOfMemory]

We’ve all been through times like this in bitcoin many times, doesn’t make it any better though. I think deep down I know we’ll still make new ATH’s in 2021. I’m such a pessimist though, price action sucks atm.

I miss muh green dildos & memes.

You're just preparing yourself to get excited  
How can one experience fun when he never learned to cry. (My stupid simplification of a chinese proverb)

Unpopular opinion: Troubled waters until 21st of July. I'll hodl my coins and save some fiat until then  

I'm in LFC's boat. Pretty sure we are feeling the exact same feelings with the price action the last few months and all I can say is it sucks.

Of course long-term we both know where this is going, but, as they say "waiting is the hardest part".

Yeah, i've been through this in 2018 and 2019 after i made a move and used some of my fiat savings to buy additional bitcoin at $15k. It was a smaller fraction of my satstack, but the most expensive one until 2020, also (EDIT: one of) the biggest one-time amount spent buying corn.
Until mindrust's exit, i had plenty of time to learn to manage my feelings when price goes down.
But this time it's different, we're in a bull market (at least we should be), price goes south, FUD and government terror rose to an unseen amount yet. WSB mentality of making overleveraged-all-in trades adds to the problem. I still (try) to see the price action as a correction. I'm not immune to doubts, you know, but i ditched panic and i don't need most of the money i bought bitcoin with.
 
Spoiler: I bought it for the future of my kids/family.

But that's just me. I would never say things like "poor loser, don't whine around, hodl!" to any WOer experience negative feelings in regard to price action.

[Spaceman_Spiff_Original]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

[ImThour]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Then I would rather believe his faulty economic reasoning.

[OutOfMemory]

Bitcoin bouced at exactly my triangle line setup.
It shows a very defined downward channel, tipping towards the first two weeks of august.
IIRC that's the month when the fun started in 2017?

[Spaceman_Spiff_Original]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Then I would rather believe his faulty economic reasoning.

You prefer snorting hopium over truth?  To each his own I guess  .

Of course it seems inevitable that if bitcoin remains relevant (which most of us here strongly believe), and the us dollar is still a thing, that purely due to inflation it will reach a 10 million usd/btc price.  It just won't be dollars with the purchasing price of those in 2009 when Hal made the prediction.

[LoyceV]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

[shahzadafzal]

Just don't forget these words by Hal and you all will be good.

"With 20 million coins, that gives each coin a value of about $10 million."

Hal was a smart guy, but he arrived at that number through faulty economic reasoning.

Well no economics was involved.. he just did the math and it's correct.

[El duderino_]

[ChartBuddy]

Explanation

[bitcoinPsycho]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

I voted August, sorry not sorry 

My Vote is also August I am feeling we will go good.

$11,000 by September.

Source: Straight outta my ass!

Lol

[LFC_Bitcoin]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

That is very true & when I was gobbling up cheap coins in 2014 & 2015 I would have gladly shook on $5,000 per coin. I’m a greedy bitch though, I have my heart set on obscene wealth

[El duderino_]

I’m such a pessimist though, price action sucks atm.

Now imagine yourself a year ago, saying $32,383.11 sucks

That is very true & when I was gobbling up cheap coins in 2014 & 2015 I would have gladly shook on $5,000 per coin. I’m a greedy bitch though, I have my heart set on obscene wealth

As bitcoiners we can’t forget some very key important things

It’s not a get rich fast thing though with buying bitcoin we are getting very fast rich/richer as we where before investing in bitcoin and it’s  on a most honest, most honorable, financial independent manner as we ever could of think….

It’s not a get rich fast, but it’s fast as all the rest if we respect it’s path and just follow the DCA, but the dip, stacking sats etc but most of all not the mindrust way…

[ivomm]

https://twitter.com/WhalePanda/status/1415228140763459589/photo/1

Some whales buying the dip? I also bought for €600. I can do this longer than bears think 

[AlcoHoDL]

Just when we all thought he was dead...