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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.9%)
7/28 - 11 (10.3%)
8/4 - 16 (15%)
8/11 - 7 (6.5%)
8/18 - 6 (5.6%)
8/25 - 7 (6.5%)
After August - 59 (55.1%)
Total Voters: 107

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26464155 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.)
JayJuanGee
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January 23, 2023, 04:28:08 AM
Merited by xhomerx10 (1)

but really it seems that there would have been some justifications to accumulate more BTC in the past 7 months or so..?  especially since mid-June 2022.. but mums been the word from you.. just vague assertions?  Have you been taking lessons from Jojo?  Or maybe just you are shy?  or the cat's got your tongue?  hahahaha
My lil selfie
Buy mounds of corn? Perhaps?
Nowhere to be seen
#haiku

Your choice of course, and surely it is likely that some guys and gal will likely get worried about receiving a mindrust treatment when they share too much that is contrary to what many of us consider to be best practices.  As you likely realize, I prefer to speak in terms of hypotheticals, yet of course, some of my assertions describe how great life is going and blah blah blah, so maybe a little more complaining might be in order? even for yours truly? 

I will say one thing that I did was to add a little bit to my presetting of buying orders because there were a few times that the BTC price went way below expectations, so I had to spread them out.  Surely some of that resulted in diluting in whatever value was left (which started to feel like it was not a whole hell of a lot of value to try to redistribute amongst buy orders), and another part was to end up adding more value in a kind of DCA'ing kind of a methodology that largely ended up taking from cashflows starting in about June-ish.. because June-ish was the time that we either went below the 200-week moving average (the theoretical bottom)and then ended up staying below the 200-week moving average for such a long period of time that some money that had not been previously allocated to bitcoin buying ended up getting folded in... and then another aspect may well have been that DCA buys had already gotten executed so there might not really have had been too many easy ways to continue to DCA (because the value that was left for that was diluted too), so what would have otherwise gotten plugged into DCA got plugged into buying on dip ladders that ultimately did not end up getting executed (at least not so far.. but I have them down to $10k-ish currently.. FML... )..

Some people feel better to bet bigger and not save any dry powder for buying on dips, so in that regard, they take the chance of becoming frustrated if they go "all in" or something close to "all in" when our staying in sub $17ks for a couple of months had no real confidence indications that there were high odds that we were at a bottom.

I actually do not feel bad about leaving dollars on the table that could have been invested, because those dollars are insurance and they were mostly dollars that were plugged in that I did not even want to plug in anyhow, so if the BTC price does end up going back up at some point, then I will just become freed up to authorize my lil selfie to spend those dollars that I did not want to plug into authorizing BTC purchases, anyhow.

Stressful times and relief from not getting reckt and surely glad to survive and to still be in the game, without having had been involved in any major rug pulls.. except I am still kind of in a bit of a bailing out someone who was too close to me.. so that is kind of part of some fall out that still ended up affecting me.. even though I did not recommend that the other person engage in such sloppy behaviors.. Maybe Phillip might have been suffering some similar dynamics with his doggie coin oriented partner who had kept refusing to sell doggie coins and then at some point the overly risk taking of the business partner could have fall outs - especially if some sort of a bail-out might need to be supported... another funny thing with me, was that in August/September when I was involved in some bail out discussions, I referred to myself as the SBF of this relationship.. referring to myself as a kind of a benevolent bail out angel.. and that comparison did not last very long.. since by early November, many of SBF's true colors were coming to be known.. and surely my bailout intentions did not have those kinds of malevolences embedded therein...

So, yeah of course, it is possible that we are just having a temporary relief rally - and that's o.k. with me too.. because there seem to be a variety of ways to structure matters without leveraging or engaging in shorting in such ways that there should be profits in either direction.. and probably my most panic period during this whole fiasco (so far) lasted for several days in Mid-June.. when I was like holy shit.. when is the fucking blood bath going to stop?  So I did have to remove my BTC buy orders for a few days just to regroup.. .. and even replacing those buy orders had several weeks in which I was adjusting and readjusting and adjusting again to make sure that I was truly comfortable with whatever happens.. which ended up being a consolidation period for a least a few weeks which caused abilities to regroup.. and yeah.. that's what consolidations are supposed to be for.. and why should any of us longer term bitcoiners be needing to engage in such practices to rebalance our finances/psychology?  I am not sure, but that's what I did end up doing... and sometimes also it takes a while to reflect upon what had actually happened... and that ended up being a period of time in which there were people (and businesses) getting way more reckt than this here cat... because ultimately I did not get reckt.. I just got nervous.. in such a way that there is a difference.. a distinction and a difference.

Do you guys think 25k is a possibility this month?

Of course, it is possible... you might be really be asking if it is probable.. which is another question.. that might have an answer of sure.. perhaps better than 50/50 odds at the moment.. you want higher odds than that?  The cornz are not going to give you much better.. maybe 55%?  I don't know, even though you seem to be wanting to ask if the odds are greater than 80%.. which surely is asking too much and nobody knows with that level of certainty...even if they might act like they do.

I was happy to see the pump and Bitcoin reaching 23k just for a short period.

Weren't we all, and we have not really left $23k. even though you seem to be getting all worked up about it.. we are still largely in the zone and largely the price pressure remains mostly UPpity.. as I type this post... even though sure, there is a difference between pushing mid $26ks 24-48 hours ago as compared to our current bouncing in the mid to $22ks.. but really that is not even a 5% price difference.. so you gotta bring in more than a 5% variation when you are trying to suggest that we are no longer close to the top, and we were just at that top of $23,362 less than 48 hours ago.

Then again going down and now facing a strong resistance at 22k.

When you are referring to the price on the way down it is called support.. so yeah, currently there seems to be support in the lower $22ks.. and will it continue to hold, who knows?  When you refer to the BTC price going up, then you can use the term "resistance".. so currently (as I type this post) we have some resistance in the mid to lower $23ks, and we have support in the mid-to-lower $22ks.

.... I cant do that irl as I don't know any bitcoiners.
Until this day, you haven't converted a single nocoiner ? Really ??

You have converted some nocoiners to coiners Gachapin?  It's not easy. .and do you confirm with them from time to time that they have not bailed ship?  I sometimes feel that I have some folks on-board, but they tend to be quite flighty.. so yeah, not an easy ask in these kinds of times.. the conversion of a nocoiner to a coiner... only the durable seem to be left, and there do not seem to be too many of them in the actual real world.. even though sure, they exist, but I tend to be nervous to ask them if they are still buying at these prices.. .. it's like my prior conversation with d_eddie.. they tend to be evasive and vague.

....Your teenage girl quotes belong elsewhere.
Yes they do, and you stated that succinctly and directly with no toxicity. Kudos.  
can't help but to feel indirectly addressed.

I'm definitely guilty of being toxic, especially when I see double and triple posts of the same stuff over and over again, and in absurdly huge formats at that.

Often I think I shouldn't be toxic, but on the other hand I don't see any reason in trying to be nice to peeps that come in here and turn my beloved WO into a trash can.

Not being toxic seems to be overrated... we even have some members in these parts who name their avatars as "toxic"....

 Cheesy Cheesy Cheesy Cheesy


I could have went gone to my grave never seeing this again.

FTFY - Grammar check nohomo
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January 23, 2023, 04:33:21 AM
Merited by LFC_Bitcoin (1)

You can choose your friends but unfortunately not your family.

yeah i have a  solid wife

and my three close friends are good friends.
JayJuanGee
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January 23, 2023, 04:38:59 AM
Merited by LFC_Bitcoin (1)

Love your job or profession but always keep this thing in mind.
You must always have time for your family and friends.
Have a nice new week.

Image from @msqueen_vee twitter.
my thoughts are as follows:

my kids are all dead ☠️
my wife has permanent lung damage from covid.
my mom is dead 💀
my dad is dead 💀
i have pryonies from covid (look it up)

I mine for fun and profit.
I have three good friends locally
I have a few friends here on bitcointalk.

I have not seen my older brother in more than 12 years.
I have not seen my younger brother since 2002.
I never met my kid brothers second wife.
and my three neices he had with her are 14,17,19 never met them.

So your inspirational post is fucking depressing as shit to me.

BTW I have really good reasons for avoiding my birth family.

So when you post something nice for us it may turn out to be not very nice at all.

So then legacy matters too.. and also just having anyone to help out if things are not going good... I am not sure if your problem is resolved with family being close, and it is also even difficult to hire help, too.


I should be nicer to you... You fuck.

You can choose your friends but unfortunately not your family.

Yes.. that is kind of what I was trying to say.. there are a couple of family memes that I have that are quite untrustworthy.. so, sometimes any of us could be left in a situation in which we have to rely on folks that we do not really trust, and then there may still be quite a few questions about whether we can do some of the things on our own..  even some seemingly basic things like being able to carry groceries up the steps.

You can choose your friends but unfortunately not your family.
yeah i have a  solid wife

and my three close friends are good friends.

If shit happens. that might be enough?
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January 23, 2023, 05:01:16 AM


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January 23, 2023, 06:01:21 AM


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Gachapin
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January 23, 2023, 06:03:37 AM

.... I cant do that irl as I don't know any bitcoiners.
Until this day, you haven't converted a single nocoiner ? Really ??

You have converted some nocoiners to coiners Gachapin?  It's not easy. .and do you confirm with them from time to time that they have not bailed ship?  I sometimes feel that I have some folks on-board, but they tend to be quite flighty.. so yeah, not an easy ask in these kinds of times.. the conversion of a nocoiner to a coiner... only the durable seem to be left, and there do not seem to be too many of them in the actual real world.. even though sure, they exist, but I tend to be nervous to ask them if they are still buying at these prices.. .. it's like my prior conversation with d_eddie.. they tend to be evasive and vague.

now 5 ...and my 6th one is in the making.  
I just wrote about it, here:

....
JJG, have you become one of these merit farmers who are not reading and just posting stuff.... have you ??  Grin


For the time I have been involved in Bitcoin 5 conversions are actually not that many, but as I wrote before I'm not doing it actively...

And of course, in case sirazimuth doesn't talk about being in BTC to anyone irl, I could certainly understand that his count is 0.
But otherwise being in this space for 8 years without infecting anyone with the BTC-virus is a bit difficult to understand for me  ...especially since BTC is such a grand innovation...


JayJuanGee
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January 23, 2023, 06:32:32 AM

.... I cant do that irl as I don't know any bitcoiners.
Until this day, you haven't converted a single nocoiner ? Really ??
You have converted some nocoiners to coiners Gachapin?  It's not easy. .and do you confirm with them from time to time that they have not bailed ship?  I sometimes feel that I have some folks on-board, but they tend to be quite flighty.. so yeah, not an easy ask in these kinds of times.. the conversion of a nocoiner to a coiner... only the durable seem to be left, and there do not seem to be too many of them in the actual real world.. even though sure, they exist, but I tend to be nervous to ask them if they are still buying at these prices.. .. it's like my prior conversation with d_eddie.. they tend to be evasive and vague.
now 5 ...and my 6th one is in the making.  
I just wrote about it, here:
....
JJG, have you become one of these merit farmers who are not reading and just posting stuff.... have you ??  Grin

I could blame whatever oversight might have been there on degradations in memory that comes from aging and other causes?  Maybe?  I would not expect everyone to read all of the posts, even though I can appreciate some of your frustration when the same exact meme, graph or link is posted within a few pages..  and it might have even been a subject matter that was already addressed (or was a hot topic a few years back and it is being raised as if it were an original idea).... yet still tend to want to give some of the newbies some slack, even though I also don't mind if other members blow up at them for failure to reduce image sizes, and maybe other annoyances.

For the time I have been involved in Bitcoin 5 conversions are actually not that many, but as I wrote before I'm not doing it actively...

And of course, in case sirazimuth doesn't talk about being in BTC to anyone irl, I could certainly understand that his count is 0.
But otherwise being in this space for 8 years without infecting anyone with the BTC-virus is a bit difficult to understand for me  ...especially since BTC is such a grand innovation...

Maybe my contrast was largely intended to suggest that getting someone into bitcoin might still cause questions regarding how committed they happen to be../.and yeah maybe we are quibbling.. and I know that I touched some folks in regards to my bitcoin discussions with them, and in some of those cases, we are not in very good touch, so I wonder how committed that they might be in regards to if they ever bought bitcoin or if they held onto bitcoin that they said that they bought.
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January 23, 2023, 06:47:05 AM
Merited by JayJuanGee (1)

For the time I have been involved in Bitcoin 5 conversions are actually not that many, but as I wrote before I'm not doing it actively...

And of course, in case sirazimuth doesn't talk about being in BTC to anyone irl, I could certainly understand that his count is 0.
But otherwise being in this space for 8 years without infecting anyone with the BTC-virus is a bit difficult to understand for me  ...especially since BTC is such a grand innovation...

Maybe my contrast was largely intended to suggest that getting someone into bitcoin might still cause questions regarding how committed they happen to be../.and yeah maybe we are quibbling.. and I know that I touched some folks in regards to my bitcoin discussions with them, and in some of those cases, we are not in very good touch, so I wonder how committed that they might be in regards to if they ever bought bitcoin or if they held onto bitcoin that they said that they bought.

I understand. For sure many newcoiners might not have the battle tested diamond hands that many WOers have.

When it comes to my surrounding I make it very clear that BTC is not a get-rich-quick vehicle.  So most of my "conversions" have a time horizon of many years, some even 10-15 years.  And I guess I couldn't expect more than that from a newbie.
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January 23, 2023, 06:48:32 AM

You can choose your friends but unfortunately not your family.

You mean if your grandpa and grandma are Russians but you were raised in school as ukronazi hating Russia?
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January 23, 2023, 07:01:16 AM


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ChartBuddy
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January 23, 2023, 12:06:41 PM

buddy has done enough blocked

decent work on his part right near 23k


hoping it is our new sideways point for a month or so
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January 23, 2023, 01:06:23 PM
Merited by JayJuanGee (1)

Same trend, different year... my interpretation of bearish market psychology right now.

Still hearing some bears talk of "happy to pay a higher price for Bitcoin" once the current trend shows strength. Because they still think price could drop to $12K or lower. While I'm not opposed to this idea, the problem is these same speculators were previously talking about being willing to pay a ~20% premium around $20K when price was around $17K, expect most of them didn't, as price was parabolic & overbought.

Now many of them are talking about being willing to pay a ~50%+ premium around $25K, once the 200 WMA is reclaimed. Again, waiting for confirmation back above this moving average isn't the worst idea, but let's first remember it's not really resistance. Price crashed through it in June as it failed to act as support, then moved back above it for a few weeks as it failed to act as resistance. It's no longer either in reality.

I can very much see the same trap developing here leaving many speculators behind. If price get's rejected by $25K and returns to $20K support levels, they will be very much vindicated. But if not, there is a big trading gap between $25K and $30K and it is more likely price will simply continue to the upside, rather than turn it into support. This will leave many to then buy back at a ~100%+ premium >$30K imo.

This might seem overly optimistic, but it would be very reminiscent of 2019. Most thought price would get rejected around $6K and therefore would be able to buy back lower, as it had been previous support for many months, but instead price broke through like a knife through butter. Maybe it was based on short liquidations, but either way it left people having to buy back at higher levels, around $7K at best.

It's not even that I think $25K won't act as resistance, I think it probably will and could create the short-term reversal back to support levels, it's simply that I don't see price turning it into support any time soon...
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BTC Short Movie to all holders
https://twitter.com/naiivememe/status/1617377506021236738
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January 23, 2023, 01:29:02 PM
Merited by JayJuanGee (1)

[...]

You have converted some nocoiners to coiners Gachapin?  It's not easy.

[...]

It sure is not easy. Of all friends/colleagues/relatives I've tried to introduce to Bitcoin, about 80% completely ignored me. Most of the remaining 20% became shitcoiners and ended up in much less profit, or even in losses. The problem everyone seems to be having with Bitcoin is that "it's too expensive...". Go figure.

I can count only 3 people that actually listened to me and currently own Bitcoin. All 3 did it because they just trust me. I don't think they really have a clue.

Strange thing, Bitcoin...
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