Yeah, but what does it mean?
Still ranging, wondering if the recent pump has legs? We’re up over 30% in the last month which is pretty significant. What kind of price confirms the start of a new bull market, maybe $30,000?
I’d like to see us break & hold $25,000. Maybe we need a retest of $20,000 to confirm that $15,500 was indeed the bottom.
So many questions but only answered with time. Whatever, HODLERS not affected.
There are a decent number of smart people who are saying that the bottom is likely in, but I am too much of a scaredy cat to make that kind of an assertion.. so yeah.. $30k would be good.. and surely, I have trouble even considering that the bottom is in prior to getting above the 200-week moving average, which is just a little below $25k currently.
I am the kind of guy that you should
almost never listen to in terms of suggestions that the bottom is in..
(not that you were exactly asking this here cat.. but hey.. I like to chime in from time to time) because I need way too much confirmation.. so I surely tend to be a lagging indicator... .. likely similar claims that I make
(while failing to make any claims) in regards to the opposite price direction tend to be true, too.
It certainly looks like $24,000 will be broken tonight.
An actual sorcerer in the making. did you throw a dart with a blindfold on, or was your predictive method less random? I will admit that we surely are getting a decent amount of ongoing UPpity price pressures, especially since the fed rate announcement.
@jjg thinks that we somehow made an explicit promise to only quote bitstamp, but I don't acknowledge it (no promise on my part).
We refer to bitstamp in these here parts for 1) ease of reference, 2) clarity and perhaps 3) to minimize selective representations of BTC price performance/dynamics.. you dweeb,. and of course, you can refer to whatever you like if you are trying to make some kind of a fair point about what might be happening out there in bitcoinlandia, but if you are trying to spin some kind of bullshit, then it does not help your case if you are employing higher numbers for the mere sake of attempting to look like you are exaggerating less.. or to try to retroactively
(or maybe even proactively?) back up your otherwise unsubstantiated claims.
Otherwise, I already responded to your other various points (to the extent you had any), but you did not say hardly shit in response to my points
(except deflectively suggesting that I am trying to get you to conform.. blah blah blah) regarding your lack of a system and your seeming to want to retroactively assert that you have some kind of a systematic way of employing BTC buys (presumptively with the goal of establishing a decently strong BTC position) that is even close to as good as DCAing..... especially if we are referring to normies or generally applicable approaches to BTC accumulation.. but you want to just proclaim "BIG gulp" buying of BTC is supposedly possible to accomplish in terms of psychology and finances without giving any kind of guidance regarding how to do it, except perhaps suggesting "just buy BIG gulps whenever it feels like you are at a bottom in the BTC price" - something like 70% or more is how you measure that, right? or it is just a feeling that the bottom is in.. right?
Where are your details? I had already suggested that I would give you a budget of $5.2k per year for the last 9 years to work with.. what is so hard about that? I showed you already how $5,200 per year could be employed through DCA to have gotten you about 45 BTC at $100 per week.. wham bam thank you ma'am.. easy peasy.. at least in the sense of not having to fuck around with trying to figure out complicated things related to BTC price moves, so that is $47k invested into BTC in total. So when would have you bought with that budget and how would you have done it in a somewhat systematic and straight-forward kind of a way that would have beat DCA? Go on. Cooperate, at least a wee widdo moar better than your vague-ass references that everyone knows how to employ a "BIG gulp" buying methodologies that is preferable to DCA.. for sure, right? You got some specifics with your BIG gulp theory that would not have resulted in either whimpiness or paralysis? Let's buy 20 BTC and wait because we are too scared to buy anymore? Is that how you would have done it? Just wait for the BTC price to go up to $10million, and baaaam .. it all works? Is that the method you are suggesting?
Waiting......
@jjg..sorry, I am too "beat up" at work this week to post numbers, will try to sum it up sometime during the weekend and/or on Fri...
Ok... fair enough. I will hold back on my ongoing assertions that you are NOT cooperating.. for a few days.. if I can resist.. .hahahahha...
#nohomo@jjg..sorry, I am too "beat up" at work this week to post numbers, will try to sum it up sometime during the weekend and/or on Fri...
Yeah well I am prepped for 10 years of sideways motion.
Check what gold did from 1992 to 2001
no reason btc can't do exactly that.
20k-35k for 10 years in a row is certainly one possibility.
Figures..
you seem to be making the same mistake that you made 11 years ago and at various points since then which largely rises t the level of insufficiently and inadequately preparing for UP, but hey.. you do you.
It certainly looks like $24,000 will be broken tonight.
[...]
Whatever, HODLERS not affected.
Exactly!
Would be huge if we recover to 25000 so soon after breaking into the new year it could really set up the year and we could seriously start talking about a full recovery by the mid or end of the year. Some good news for once.
Does not appear to be out of the question.. and surely we could spend a bit of time below the 200-week moving average before breaking above it, and there would not necessarily be resistance once we break above the 200-week moving average.. not that I know anything.. but sometimes the momentum of UP will build on itself and breaking above certain points makes it a bit more difficult to get the correction back down to where we had been previously.. not that it is impossible.. but sometimes we end up NOT returning to previous price ranges.. even though some folks speculate that it is inevitable that we will return to earlier prices.. and surely we have witnessed otherwise throughout bitcoin's history... such as breaking above $500 in May 2016 or breaking above $3k in August/September 2017... and other examples too.. but those two were pretty BIG.
Frequently, it can be difficult to see those threshold price points while we are within them (or if they are an actual thing).. until maybe 6 to 18 months.. or perhaps even longer at a later time we are able to see it....
Poll
