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

[philipma1957]

looks like we are heading for 15.9 again

I would love to see a true dump say 7-9k.

69k down to 7k is 90%

maybe by thanksgiving.

[Biodom]

looks like we are heading for 15.9 again

I would love to see a true dump say 7-9k.

69k down to 7k is 90%

maybe by thanksgiving.

Only a person with no significant btc, like yourself,  would love it.
That, and you're are pulling your numbers out of air.
Why 90% and not 89 or 95%?

[philipma1957]

looks like we are heading for 15.9 again

I would love to see a true dump say 7-9k.

69k down to 7k is 90%

maybe by thanksgiving.

Only a person with no any significant btc, like yourself,  would love it.
That, and you're are pulling your numbers out of air.
Why 90% and not 89 or 95%?

I sold off most of my coins months ago.

Was mocked here for a cash and bond position. Now I will do okay with btc dropping.

It is not like I did not share this opinion before this crash.

[ChartBuddy]

Explanation

[Biodom]

looks like we are heading for 15.9 again

I would love to see a true dump say 7-9k.

69k down to 7k is 90%

maybe by thanksgiving.

Only a person with no any significant btc, like yourself,  would love it.
That, and you're are pulling your numbers out of air.
Why 90% and not 89 or 95%?

I sold off most of my coins months ago.

Was mocked here for a cash and bond position. Now I will do okay with btc dropping.

It is not like I did not share this opinion before this crash.

Opinions are just like assholes...everyone got one.

[jojo69]

[ChartBuddy]

Explanation

[goldkingcoiner]

everyone needs a gay bob in their life.

[serveria.com]

I wonder if a toy rusty pipe is included or should be bought separately?  

[ChartBuddy]

Explanation

[El duderino_]

LOL I'm jealous again at Dude's jetsetting life. 

He’s had more women than we’ve had hot dinners.

Only not the one I’m
With on holiday
Not in Bali not yet in Tulum… now see what Cancun brings
Just arrived…
But damn this is a hard nut to crack, I think uncrackable for me though 

[STT]

Only a person with no significant btc, like yourself,  would love it.
That, and you're are pulling your numbers out of air.
Why 90% and not 89 or 95%?

Theres no absolute truth in traded prices especially during excessive volatility.   I think the point you might have missed there is referring to a spike or flash sale, a very low register for BTC which was not actually correct.  It usually would mark a bottom, clear the short orders out and those who had been negative, a V bottom whatever you want to call it.

  Some prices end up just traded wrongly, a fat finger order or whatever but not all prices are equally valid and perfectly defined at that time.  In BTC market especially there must always be a quoted price every day of the year and at every hour it can mean markets guess incorrectly & I think this can apply on every time scale to some extent.   Most easily observable during major holiday when the price can wander in either direction and become incorrect relative to the wider market as some participants who would trade arent there.  I wouldnt argue about it especially but its known phenomena so far as I know, any price at all can register for a moment in extremis no matter how silly

[Biodom]

Only a person with no significant btc, like yourself,  would love it.
That, and you're are pulling your numbers out of air.
Why 90% and not 89 or 95%?

Theres no absolute truth in traded prices especially during excessive volatility.   I think the point you might have missed there is referring to a spike or flash sale, a very low register for BTC which was not actually correct.  It usually would mark a bottom, clear the short orders out and those who had been negative, a V bottom whatever you want to call it.
be
  Some prices end up just traded wrongly, a fat finger order or whatever but not all prices are equally valid and perfectly defined at that time.  In BTC market especially there must always be a quoted price every day of the year and at every hour it can mean markets guess incorrectly & I think this can apply on every time scale to some extent.   Most easily observable during major holiday when the price can wander in either direction and become incorrect relative to the wider market as some participants who would trade arent there.  I wouldnt argue about it especially but its known phenomena so far as I know, any price at all can register for a moment in extremis no matter how silly

sure, a flush down can happen, but you can't predict the value in that.
in this particular case, though, it is clear that he is just talking his book: all cash and no coins (almost).

[BTCaesar]

https://youtu.be/akc17VggwDk

We need more people such as MS in the space

[JimboToronto]

Life in plastic, it's fantastic...

[ChartBuddy]

Explanation

[thisisntbic]

Life in plastic, it's fantastic...

pizazz is everywhere, jazz hands are in the aiiiiirrrrrr

[philipma1957]

At the moment My cash withdrawals from coinbase are 3 days Late to hit the bank.

Not sure why but if you are sitting on cash with coinbase like I was you may want to know they are slow to pay it in my case.

I will post back tonight to mention if they send it.

Are you doing the free withdrawal? That usually takes a little while to show up, especially at the weekends when banks are closed.

Yeah which is why I am not freaked out.  Still waiting.  3 withdrawals add to under 10k but over 2k

I have had late night Thursday withdrawals take to tues and weds. Will continue to post about this.

Also the money is U.S. cash and is insured by fed gov.

My withdrawals just came in.

I also was able to empty my remaining btc on coinbase into my private wallet.

So I have about $1000 worth of coins on mining pools and exchanges.  the rest is secure.

I kind of always have to float 500-1500 on exchanges and mining pools.

[JayJuanGee]

CZ says that other players will fail in the next couple of weeks...should be done by the end of Nov, I guess.
https://www.thestreet.com/investing/cryptocurrency/binances-ceo-warns-crypto-crisis-is-not-over
I wish kucoin survives this....binance as well, sure.
In US-Coinbase, Kraken and Gemini.
Don't really care about anyone else.

my fingers are getting itchy, though, not to sell, but to buy.

You going to add a bit to the stash.  Perhaps bring it up to 20.20?

 

ATH (2021) / ATH (2017) Ratio: $69000 / $19666  = 3.5

Since the numbers/ratios for the previous cycles are not 3.5 and 6.3, they will most probably not be 3.5/6.3 for current/future cycles either.
So the math is too simplistic and, sorry, but probably wrong.

Hahahaha

Almost any prediction is going to be "probably wrong" so that is a pretty easy thing that we can say about any prediction..

So what would be the alternative proposal for a "ballpark" kind of estimate?

Do you believe that AlcoHoDL should have put some kind of a range rather than an exact number?  or where did he go wrong? 

Personally, I am considering his "simple" math as a kind of "ballparking" assertion.

I also consider (or considered) stock to flow to have been a ballparking assertion.. and surely getting overly specific about these kinds of matters are likely going to end up NOT being true, sooner or later... so in that regard, I also still consider stock to flow to largely be right, even though right now, at this moment, we are a wee bit off of the stock to flow trajectory...

So, if we are "off the trajectory," then what are we supposed to do?  just give up in our imaginationings?

[eXPHorizon]

Imagine thinking you thinkin you can stop anything. When they 50x steps ahead... ah pipima its not 2015 no more