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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368773 times)
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August 27, 2022, 12:03:29 PM


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August 27, 2022, 01:03:25 PM


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August 27, 2022, 02:14:37 PM
Merited by vapourminer (1), Hueristic (1), JayJuanGee (1), AlcoHoDL (1), DdmrDdmr (1), Gachapin (1)

This is a reflection of the state of mind of the people. People are sick physically and mentally, desperate, resigned to inflation, poor health care, the threat of world war, and have lost faith that anything can save them. Even here we don't see optimistic posts anymore. Yes, it's all a speculator's paradise, robbing the weak hands of their bitcoins for a pittance. The situation remains dire indeed and for the first time in Bitcoin history we have had 10 months of non-stop crashing without a rebound. It is very likely to last at least a few more months until the weak hands run out. But that doesn't mean it will be ten years or so before it returns to 60K+ levels. Bitcoin is not like gold and can easily and quickly catch up any lag. And while there were voices before that 20K was accidentally achieved due to the short stay in those levels, this cannot be said at all for the 60K+ levels where the price stayed for months. So this price is totally achievable, from where we can also expect the 100K+ to come true within the next 3-4 years.

Bitcoin price is falling down and right now at 20k$. Give it just a push of 3 to 4k and we will see analysts coming with charts that it's bullish now and next target is 30k then 50k and bla bla. And with that majority will start buying.
Likewise if we have a downfall of 1k or 2k, we will see predictions that bitcoin going down to 8k, 10k etc.
The real point is, no one willing to understand that no market can maintain upward trend forever. Market has to take correction after every bull run and this is what going on with bitcoin right now.
Bitcoin is maintaining window of 20 to 25k for almost 3 months now. I don't see much risk in buying bitcoin or doing DCA at such price. If you are thinking of long term investment and huge return then this is time to start investing. DYOR


 Any perceived correction wrt Bitcoin is due to those people who don't understand that compared to everything you can conceivably buy it is technically. thermodynamically superior as an asset1. foolishly believing that they are taking money off the table.  So-called "bull runs" are just minor deviations from the HODL function; it's going up forever.  Laura gets it.

1 Michael Saylor
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August 27, 2022, 02:49:08 PM

By November the European economies will start to disintegrate so I say no.

They must be doing this on purpose. No way it's not part of the Plan.

One simple giveaway:

Everyone in Europe screaming “Putin is a bad man for invading Ukraine, don’t buy his gas”
-> Sanctions placed on Russia
-> Energy prices through the roof
-> “Ok we should get energy from other places.”

This week. Eneco, the largest Dutch energy supplier is going to pay people 0,09 Euro per generated KWh from solar panels sold back into the grid, instead of the previous rate of 0,30 Euro. How can this happen during a time when energy should be getting more valuable?

It seems to demonstrate governments and energy companies are completely in an arranged marriage and to screw over the little guy as much as possible and not care AT ALL about the planet and its resources also.

https://www.dutchnews.nl/news/2022/08/eneco-to-slash-price-for-solar-panel-buyback/

yep you got it.

You guys, everything is gloom and doom and conspiracys with you, you thrive on being contrarian don't you.

Here's a translation to English of a piece I read the other day on a site I follow, and I think he might be right.

"Maybe I just haven't kept my eyes open, but I don't have the feeling that anyone really paid attention to the big upheaval that is reasonably on the way in climate policy.

First consider our - and in this case our means not only Sweden's but the entire Western world's - situation. Climate policy as man's tentative defense against a newly discovered – some would say newly invented – deadly threat to humanity arose at the UN's environmental conference in Stockholm in 1972. "Tentative" is exactly the right word because no one really knew how the world would cope with the prospect of greenhouse gases taking a toll on humanity. But now, when half a century has passed, we see how the world is preparing for attack. The enemy, that is the fossil fuels and to some extent the cows, is identified. Drastic laws have been written and are ready to be implemented if it has not already happened. Authorities around the world have prepared their orders of war within the framework of the overarching strategic plan drawn up under the Paris Agreement. Military judges who are to evaluate the various countries' local fight against carbon dioxide are recruited, trained and posted. Sappers and free front soldiers such as Extinction Rebellion and Greta Thunberg have begun their propaganda attacks against the project's skeptics. The press has been won over to the cause of bold climate policy.

Sometime this year, the war against carbon dioxide and the cows finally got under way after these long preparations. The main weapon is the financial incentive. The idea is, for example, that gasoline will become so expensive through new taxes and fees that people cannot afford to use fossil fuels, which must therefore remain in the ground instead of being pumped up. The project was launched this spring. Petrol suddenly went up to twenty kronor a litre.

Then something remarkable happened that the highest war planning center at the UN Environmental Headquarters had not really thought about. Instead of being grateful for the little financial nudge in the bum that would get people to ditch the gas and save the world instead, people got worried and pissed off. For decades they should have seen it coming, but they hadn't. They probably never thought the climate talk was serious, but it was.

In many places in the world, climate policy caused violent protests. Dutch farmers started riots against a climate policy that made the inputs so expensive that the farmers could barely survive. In Sri Lanka, a country that subscribed to the strictest climate thinking, the people made a revolution and chased their climate alarmist president out of the country.

This international unrest, which began a few months ago, ushered in a brief formative phase. How would the politicians, who in practically all countries have embraced the climate alarmist agenda and aligned themselves with the intentions of the Paris Agreement, now stand? Would they persevere with price increases and fossil fuel bans and hope that the popular protests would die down as quickly as they flared up? Or would they strike down the flag and reorder completely in fear of the wrath of the people?

It seems that the politicians nimbly, easily and without shame succumbed to the signals of farmers and motorists. The gasoline price increases that one moment was boasted about because the higher prices would save the world were described the next moment as hostile contrivances by Putin for which the politicians would do everything to compensate the affected fossil fuel consumers.

What does this mean if not capitulation and closure of climate policy? It has not even survived the first small setback of the war.

The political upheaval didn't just happen in Sweden. President Biden had gone to the election on a strict climate policy and began his term of office by sticking sticks in the wheel of the American fossil producers. The other week, he took that back and opened more federal land for gas and oil extraction than ever before in US history. German politicians are starting to burn coal, the Black Satan of climate alarmism, and are likely preparing to restart nuclear power plants.

Nothing says that the conditions that caused the reversal will disappear. Oil will not suddenly become cheaper. Concerns about power shortages will not end. New measures to democratically squeeze people who are already suffering are not likely. How are the Germans now going to get the Chinese to stop building coal-fired power plants?

I would bet a penny that we will now see the end of climate policy. Like the Titanic, it has run aground on its maiden voyage.

However, the Swedish state media companies will continue to report as if nothing had happened and thus remind of the Japanese sergeant Shoichi Yokoi who 28 years after the end of the Second World War was found on the island of Guam where he had continued to fight against the Americans."

https://detgodasamhallet.com/2022/08/26/patrik-engellau-vandpunkt-i-klimatkampen/

  Well you are in Sweden so if and when global warming becomes truly obvious your country will not suffer the same effects as many other low lying countries.

In fact I would argue that your country should welcome global warming as it is to your advantage.

Much like some states in the USA actually are promoting global warming by denying it.

Wyoming and Montana have much to gain from global warming. While New Jersey has much to lose from it.


I am hoping to see at least one or more category 7 Hurricanes before I die.

I would love to see one hit Florida and literally cut it in two. Then power up in the gulf and take  out all of Houston Tx.

Back in the 1930's the dust bowl truly fucked up the USA  and an extremely strong un-named hurricane hit the coast of Long Island . It created Shinnecock bay.

I am hoping for this to happen to Florida on a much larger scale we would need a cat 7 hurricane to hit the cost of Florida.

It would carve huge bay or if lucky cut Florida into 2.

Nothing personal but in the USA Florida is the only land mass this can happen to.
So I do not root for it to happen, but I won't move to Florida.



here is a map of Long Island and the Bay created in the 30's
 by the way I would not mind a cat 7 storm hitting Long Island and making a bigger bay than that cat 5 did in the 30's

Not that I hate L.I. but it also is a place that a cat 7 could cut in half.


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August 27, 2022, 02:59:41 PM

Didn't know hurricanes could do that, that's a hell of a lot of dirt to move. And also, you have a morbid mind.
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August 27, 2022, 03:03:28 PM


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August 27, 2022, 03:24:48 PM
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imagine selling 71% off the ATH...

poor paper hands
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August 27, 2022, 03:50:37 PM
Merited by Hueristic (1)

the caturday morning wall report

it pains me to say....hard times ahead over the next year...but...
another great time to stack i think...when there is blood on the streets and all...
$20k is a big price point...could be the new $6k where we struggle with it for awhile

listing hard to starboard
damage control parties report to the bilge and contain flooding
all hands set condition zed




dyor

D


breaking over the downwards trend line will define the exit from a bear market into a bull imho
W

stronghands
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August 27, 2022, 04:04:52 PM


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August 27, 2022, 05:00:48 PM
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Someone's working real hard to make the chart look as uglier as possible... on literally every timeframe.

Is it going to work, boss?

Is the 200-week MA going to start to serve as resistance rather than support? 

that would be something, no?

It was nice knowing 200-WMA, and even though we put our trust into it before, it's time to forget it and all similar log models. We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.
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August 27, 2022, 05:34:50 PM
Merited by xhomerx10 (1)

Someone's working real hard to make the chart look as uglier as possible... on literally every timeframe.

Is it going to work, boss?

Is the 200-week MA going to start to serve as resistance rather than support? 

that would be something, no?

It was nice knowing 200-WMA, and even though we put our trust into it before, it's time to forget it and all similar log models. We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.

Still waiting to buy back?
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August 27, 2022, 05:41:13 PM
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Nah, been buying slowly all this time & have a nice bag now.
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August 27, 2022, 06:04:54 PM


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August 27, 2022, 06:49:33 PM

Back under 20K.

Inflation hedge my ass.

 Roll Eyes
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August 27, 2022, 06:57:52 PM
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Back under 20K.

Inflation hedge my ass.

 Roll Eyes

I wouldn't blame Bitcoin for people not understanding it yet.
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August 27, 2022, 07:02:06 PM
Last edit: August 27, 2022, 11:55:07 PM by Biodom
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Back under 20K.

Inflation hedge my ass.

 Roll Eyes

Over long time, maybe.
On the other hand, it is still not clear what bitcoin is over the long time horizon (because it is only 13 years old, basically a teen).
The only thing I know: it is better than what came before it (fiat).
Good enough for me.
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what is this "brake pedal" you speak of?


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August 27, 2022, 07:02:25 PM

the caturday morning wall report

[...]

listing hard to starboard
damage control parties report to the bilge and contain flooding
all hands set condition zed

well, ok, as long as i dont have to get out of bed and do anything.
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August 27, 2022, 07:04:50 PM


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August 27, 2022, 07:22:01 PM
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Back under 20K.

Inflation hedge my ass.

 Roll Eyes

...maybe take a look at Gold aka the global inflation hedge.  Quite shitty if you ask me.  It was higher in 2011/2012.



I think in 3 years BTC will oscillate in the 100k-500k range
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