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Question: What happens first:
New ATH - 42 (70%)
<$60,000 - 18 (30%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26355910 times)
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May 06, 2022, 01:17:05 AM
Merited by fillippone (4)

Kinda near my birthday Smiley

I expect big things from the fallout of the next halving. I dunno if our last bull run was diluted due to the fall out from what COVID did to the world economy. We did not have a blow off top like after previous halving’s.

I really think $250,000+ will be the price of 1BTC at some point in 2025 (obviously it always takes a while for the supply shock to take effect on the price post halving).
We will get the fireworks that we were promised in 2021.

Now is a good time to buy but I am waiting for lower with a large stack of fiat.

You already know that I don't really agree with your theory about how things are going to end up working out because I believe that you are both being too rigid and also building in a kind of presumption of disappointment regarding our 2021 performance - even though factually you are true.... and you may well end up being correct in regards to how all of this is going to play out between now and 2025-ish... ...

For sure, I am quibbling in terms of degree.. and also quibbling a bit with your waiting to buy.. even though you may well end up being correct about that too.. .hahahahaha ..

It is not like any of us longer term bulls are really wrong, even if we might well get some details wrong along the way, here and there... .. including that mostly HODLing has been a great ass strategy - whether you consider mostly HODLing as 50% HODLing, 75% HODLing or 95% HODLing....

Actually, it seems that even some of the more bearish bitcoiners who engaged something less than 50% HODLing and maybe even ONLY retained something like 25% did pretty damned well for their lil selfies - even if the higher levels of HODLing seem to be closer to the better practices.

One thing that each of us (supposedly adults with decent decision-making capacities) is to attempt to structure in such a way that we feel that we did a pretty damned good job - even if there might well end up being ways that we could have structured some of our actions a bit better, but in the end, we have been doing something close to our best with the information that we have and attempting to include adequate considerations of our emotional status too... in order to end up with decent results because we largely stuck with a plan that we figured out would work within a variety of possible BTC price performance scenarios.. and if our plans have some flexibilities in them they end up with pretty high levels of performance even if NOT perfect performance .. but maybe even something like 80% perfect or something like that  - which ends up being pretty damned good - especially if we are comparing ourselves to various no coiners who ended up getting hardly any of that.. and even the ones that dabbled way too whimpily.. and for sure we have received pay-offs for not dabbling too whimpily -  at least in regards to bitcoin - not sure if we can make those claims to all areas of our lives because there are likely ways that a lot of us guys (and gal) have various other faults in other aspects of our lives.. without necessarily wanting to judge too much.

I am reminded of one more thing.. and no real issues with guys wanting to dabble in luxury items of hookers, lambos and blow, but for sure some kinds of consumption can end up screwing us up in various ways - in terms if there might be some ways that we might be able to help our own health with life style choices, and bitcoin does seem to have a pretty wide-spread ability to incentivizing desires to live longer and to be able to be stronger into old age - but along the way, some of us might have bad luck and even genetics or accidents that end up taking away from our quality of life and our longevity... . even though so many bitcoiner guys talk about life-extension ideas that seem to delve into pie in the sky - including ways that snake oil salesmen can take your money.. and none of us can really know.. the various ways that buying some products or services might actually work rather than being filled with claims of being able to achieve life-extension or reverse negative health conditions. --- in other words, reasons to live longer (partially because of bitcoin) but ability to actually benefit from that extra money may not necessarily materialize as much as we might wish to take place.

I really think $250,000+ will be the price of 1BTC at some point in 2025 (obviously it always takes a while for the supply shock to take effect on the price post halving).
We will get the fireworks that we were promised in 2021.

Now is a good time to buy but I am waiting for lower with a large stack of fiat.

I like your analysis, your projection and your attitude.
I liked your plan, and I would also like your lower bids not to be filled… I don’t know if the sats I could eventually stack are worth the pain of the mark to market. I am no a big swinging dick mature investor as you are.
Speaking about targets, still looking for 170k as first target because of… reasons!

Gosh.. it is really difficult to attempt to figure out how much a blow-off top might go.. even if it is a kind of preliminary blow off top.

Of course, guys here likely know some of my failed calls about deadman zone... .. but I have still had some general correctness from time to time too.. such as:

mid to late 2016:  If it goes over $1k don't be fucking selling until at least $2k..

or

late 2017:   If it goes over $10k, we are likely going to get at least 15% out of that all by itself.


or

late 2019 & most of 2020 - if it goes meaningfully above $17,250 we are likely to get at least $24k


So I have also had some level of success.. but I also get a bit scared about getting into specifics, even though my December 6, 2021 numbers and timeline are pretty specific, and I doubt that I have too many reasons to get outside of that kind of framework, even if the actual numbers and the timeline have to be updated to account for what has actually happened (in reality) since December 6.
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May 06, 2022, 01:46:57 AM

DiVERsIfiCATioN Is KEy To MiNiMizINg LoSSeS  Roll Eyes

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May 06, 2022, 01:59:25 AM

Think its fair to say, extremely fair to say that, in Ukraine right now, Both Russians and Ukrainians are doing some retarded, awful, insane, horrific shit to each other, to themselves, and to anyone that happens to be in their path.

That is what happens in a war, including, especially even, the wars we , the west, have started.....


It is not candy and picnics and puppies.


It is not a game to be cheerlead by anyone, and especially not fucking media cunts on any side.


Whole thing is a disaster, from every angle, every vantage point for Ukraine, for Russia, for both of their peoples and their children, and so it also is for the rest of the world.... just wait until those energy and food price hikes really kick in in 6-9 months or so....


....and that is just assuming things do not escalate.


It is a fuckin shit show.





 

 

People forgotten what war actually is and what it means. Watching through your windows as your neighbor gets executed for no reason with a bullet to the head.  This is real war. Why everyone wasn't flipping their shit in the past wars, I do not know. This, like every war, was caused by the mistakes of inept politicians. But as with every war, at some point people will stop caring so much at what atrocities happen in a country too far away to care about.

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May 06, 2022, 02:03:39 AM


Explanation
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May 06, 2022, 03:01:28 AM


Explanation
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May 06, 2022, 03:11:39 AM
Merited by philipma1957 (1)

[edited out]
I used to like you til the war.  

This has to be a classic.


 Cheesy Cheesy Cheesy Cheesy Cheesy

As chartbuddy cant even cope with the dumps and follow the price.. he doesnt deserve a thread.

Mamma mia.
I pray the Lord for health to survive my 3rd fu#$ing bear market

You seem more outraged than me.


First, I am not going to presume a bear market, yet.. but hey, I denied the 2018 bear market through the whole year all the way down and until the November 2018 capitulation event that brought us from a $6k-ish price that had been tested at least 6 times by the time it broke in mid-November 2018... so at that point, I conceded.

Maybe my failure/refusal to concede will play out again.. ?  until I do end up conceding.. .. I am not sure what the price, but if we get back down into the lower $30ks again, then that would mean that this time we have broken the 100-week moving average.. which currently is at $35k and the 100-week moving average was at about $20k in July 2021, when we ONLY got down to $28,600.... so yeah.. breaking the 100-week moving average and staying below that for a day or two might cause me some worries.. maybe ?  maybe? maybe?

I am having some troubles relating to you regarding your seeming outrage about the pain of another possible bear market... I am pretty much the same as you.  This would be my third.  I started out in one by getting into bitcoin in late 2013, I started out in a bear market, but did not really realize it was a bear market (look - dummy me, again) until late 2014 when the price had come down from $1,163 in December 2013 to reach the $200s in December 2014..and then get stuck in the $200s for the vast majority of 2015.

For me, it seems that each bear market (and even extended corrections) get quite a bit easier.  Sure, every once in a while there can be some stressful times and even feelings of trepidation about whether the bottom is in and when the bottom is going to be in.. .. but still so far each bear market has had way higher lows than the previous one.. so practically speaking if any of us are erroring in on the side of HODLing, then our wealth should be way higher each time.... think about a mostly bottom in the mid $200s in 2015.. and then a bottom of mostly upper $3ks and lower $4ks in late 2018.. and an almost revisiting in 2019 and a brief liquidity event revisiting in March 2020...

It seems almost unimaginable to get anything close to $3k.. sure lower $20ks seem possible.. and sure it could go lower but the odds seem really implausible.. just like the odds of double digits started to become implausible in 2015 and just like the odds of sub $1k seemed implausible in 2018-2020..... so in that regard, if we have been erroring on the side of mostly HODLing.. the golly-gee-whiz, we should have bottoms that are 10x higher on each cycle.. at least so far.. which causes $10k to be nearly implausible.. but we still should have BTC that would still be at least 40x higher than it was in 2015... and shit another 4x after that given even our current $36k-ish prices.. and not even saying that any of the three bear cycle folks should be selling coin at these prices, but if we had to sell coin, those coin would be around 140x more valuable than they were for the vast majority of 2015.

Difficult for me to feel any kind of dread in our current circumstances, even if we might end up entering into a bear market.. and I am not going to concede that we are even in a bear market yet.. even though there are some guys who just love prematurely proclaiming bear markets.. and maybe they just happen to be way smarter than this here reluctant to concede bear market cat.
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May 06, 2022, 03:54:40 AM










https://bitcointalk.org/index.php?topic=178336.msg60023386#msg60023386
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May 06, 2022, 04:03:28 AM


Explanation
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May 06, 2022, 04:48:39 AM

We are 50% through the fourth #Bitcoin Epoch!



50% of Blocks have been mined since last halving.
105,000 to go!
Expected halving date: 3 May 2024!

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May 06, 2022, 05:01:21 AM


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May 06, 2022, 06:05:00 AM


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May 06, 2022, 06:27:03 AM
Merited by El duderino_ (5), JayJuanGee (1), Arriemoller (1)

Past the $35.xxx downward spike?
I would carefully start picking up some sats now.

As long as this goes on, it can't go on forever.
We had way shittier times within the last 5 years. All noobs are pussies (like i was when i started getting into BTC)  Grin

Maybe a worry that Russia will collapse?

Don't worry about Russia. Brilliant times ahead for their nation! They will rise to Great North Korean standards soon. *imagine trumpet orchestra playing heroic theme here*

Over 50%+ trades belongs to the BTC and second ETH and other Alts as follow.

Related: I learned about APE earlier today. I can't believe the degenerate shit continues... Thank Christ I upped my medication.

Not sure how I'd cope otherwise with everything going on in meatspace fuck.


Zen

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May 06, 2022, 07:03:29 AM


Explanation
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May 06, 2022, 07:11:03 AM
Merited by JayJuanGee (1)

Breaking News: Another Bitcoin Futures ETF Approved by SEC With No Spot Product in Sight
The fund is the second such product filed under the Securities Act of 1933 to gain agency approval

Source: https://blockworks.co/another-bitcoin-futures-etf-approved-by-sec-with-no-spot-product-in-sight/



Bitcoin Hit Hard by Inflation Fears, Suffers Worst Daily Drop Since January
Bitcoin has only fallen this much during a single day on one other occasion this year

Source: https://blockworks.co/bitcoin-hit-hard-by-inflation-fears-suffers-worst-daily-drop-since-january/
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May 06, 2022, 07:30:41 AM




crash the market down to $20-$19k, and I think it's going to be retested again.

I don't see this happening. Hearing talk of Saylor being margin called at $21k, and it's not clear to me how/why we would drop that low.

Strange times to be sure.



Michael Saylor isn't the only institutional Investor into Bitcoin and the market is not control by Michael Saylor either,
We have other institutional investors and bigger Whales in the market that can decide to do something differently from Saylor.

Too I see an order block using the weekly time frame around 19k (the last Red candle stick before ATH), base on my little experience in trading , most times the market tends to revisit those zones again despite how far that the market might have gone.
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May 06, 2022, 07:31:25 AM

DiVERsIfiCATioN Is KEy To MiNiMizINg LoSSeS  Roll Eyes

So all gains were based on the FED doing Brrr? That's kinda worrying.
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May 06, 2022, 07:31:41 AM

Zen

It stopped working for me Sad

Yeah, shit is getting that hectic... Meditation is beginning to fail me and not helping for productively contextualizing the realities of life.

The human condition is a huge sack of shit.

I sorta-kinda joke (not really?), but I'm truly wondering if skirting with pure nihilism at this point in my life.

Not healthy and recognized I needed help.
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May 06, 2022, 07:34:08 AM

Michael Saylor isn't the only institutional Investor into Bitcoin and the market is not control by Michael Saylor either <snip>

You're correct, but he's one of the larger fish, and there is a cubic fucktonne of money tied up in fiat between here and $21k - IMO, would need to be a black-swan event to drop below $20k at this point.
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May 06, 2022, 07:45:22 AM
Merited by BobLawblaw (2)

Michael Saylor isn't the only institutional Investor into Bitcoin and the market is not control by Michael Saylor either <snip>

You're correct, but he's one of the larger fish, and there is a cubic fucktonne of money tied up in fiat between here and $21k - IMO, would need to be a black-swan event to drop below $20k at this point.

Black Swans seem to be a little more prevalent these days. Still HODLing whatever happens.
Hope you manage to get your head right BLB and lighten your thoughts. I know its hard during these last couple of years but YOLO and all that.  Wink
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May 06, 2022, 07:50:14 AM
Merited by JayJuanGee (1)

Checking the 15 minute chart, looks like a dead cat without the bounce part, it just died.

The BIP 119 ordeal doesn't help either. I'm against smart contracts support in Bitcoin, don't want Bitcoin turning into Ethereum with all that entails. I'm fairly optimistic BIP 119 will be rejected eventually, but it's going to get worse before it gets better.

As of writing this Bitcoin fell off another cliff, from mid 36k down towards 35k USD.
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