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Negotiation
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April 24, 2023, 07:18:37 AM |
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Where them 30’s at
 We would like to see $100k, but $30k is close to us Brathers. |
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BobLawblaw
Legendary
Activity: 1954
Merit: 6090
Your Favorite Negro from Outer Space
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ChatGPT is an absolute cunt.  |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 08:01:15 AM |
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shahzadafzal
Copper Member
Legendary
Activity: 2156
Merit: 3216
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April 24, 2023, 08:06:53 AM
Last edit: May 16, 2023, 06:57:53 AM by shahzadafzal |
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OutOfMemory
Legendary
Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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April 24, 2023, 08:19:30 AM Merited by hisslyness (1) |
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"give me a list of the smallest balls of WO participants, sorted in reverse order, limited to one result"?
(how to talk to database managers)
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nutildah
Legendary
Activity: 3710
Merit: 10895
Blockchain Historian, Renaissance Shitposter
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BobLawblaw - This poster is known for his technical expertise and his contributions to the development of the Bitcoin ecosystem.  OK ChatGPT, if you say so. Nutildah is a former member of the Bitcoin Forum Wall Observer thread who was known for his contrarian views and sometimes controversial statements. He was a prolific poster on the thread, and his contributions often sparked lively debates and discussions. However, he has not been active on the forum since early 2020. RIP |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 09:01:19 AM |
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LFC_Bitcoin
Diamond Hands
Legendary
Activity: 4256
Merit: 12788
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April 24, 2023, 09:34:00 AM Merited by fillippone (3) |
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I’m starting to worry that the correction might go deeper. I’m usually a good reverse indicator though so it probably means the bottom is in for now   Hoping for a rally back to $30,000 this week. We do not want to see the prove move down to the lower $20,000’s. HODL strong boys! |
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OutOfMemory
Legendary
Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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April 24, 2023, 09:49:22 AM |
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I’m starting to worry that the correction might go deeper. I’m usually a good reverse indicator though so it probably means the bottom is in for now Hoping for a rally back to $30,000 this week. We do not want to see the prove move down to the lower $20,000’s. HODL strong boys! Agreed. Since my DCA will trigger next Monday, the price should be back over $30k before. |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 10:01:18 AM |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 11:01:17 AM |
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philipma1957
Legendary
Activity: 4844
Merit: 11853
'The right to privacy matters'
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April 24, 2023, 11:13:40 AM |
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I’m starting to worry that the correction might go deeper. I’m usually a good reverse indicator though so it probably means the bottom is in for now Hoping for a rally back to $30,000 this week. We do not want to see the prove move down to the lower $20,000’s. HODL strong boys! Agreed. Since my DCA will trigger next Monday, the price should be back over $30k before. my dca is this weds. so we rally mon and tues |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 12:01:21 PM |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 01:01:17 PM |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 02:01:19 PM |
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hisslyness
Legendary
Activity: 875
Merit: 2318
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April 24, 2023, 02:30:35 PM |
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I’m starting to worry that the correction might go deeper. I’m usually a good reverse indicator though so it probably means the bottom is in for now Hoping for a rally back to $30,000 this week. We do not want to see the prove move down to the lower $20,000’s. HODL strong boys! Agreed. Since my DCA will trigger next Monday, the price should be back over $30k before. my dca is this weds. so we rally mon and tues Haven't seen a summary of your DCA for a while now... |
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AlcoHoDL
Legendary
Activity: 3094
Merit: 6985
Addicted to HoDLing!
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April 24, 2023, 02:56:35 PM |
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Off-topic tip:
For those who feel they want to get back to reading more books: buy a Kindle. You will be reading more books in more places and your eyes will love it. Feels like a real book (except for the paper smell of course) and adds many cool features that really enhance your reading experience.
Very pleased so far. Recommended!
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2023, 03:01:22 PM |
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Torque
Legendary
Activity: 3822
Merit: 5504
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I was "playing" with bitcoin numbers and have some thoughts on the matter.
Tops ($): 31, 1160, 19780, 68900
To me, it looks like the ATH number 'should have been' $154000 instead of $68900 in the prior peak.
Therefore, it suggests that it was not a "natural" progression, but interference from multiple sources (we all know that Chinese interfered first by shutting down mining and then the rally simply run out of steam due to time constrains plus the beginning of a tightening cycle). In the case of "natural progression" the multiplier might have been 7.8X in a 37X, 17X, 7.8X series-those are multiples from the prior post-halving ATH (and I don't count first peak in 2013). Therefore, the next (2024-2025) peak theoretically should be a 3.58X of the prior peak (which should have been 154K), suggesting a higher bound value of 551K and a lower bound of 246.9K (a product of 68.9X3.58). This suggests that if left alone, bitcoin could produce a super-cycle to "compensate" for the prior cycle underachievement.
However, the trough series are more menacing:
Bottoms: 2, 175, 3200, 15700 (tentatively)
Therefore, the multiple in these series are 87.5X, 18.3X and 4.9X, suggesting that the next trough would be maybe at 1.6X of 15700 or 24600.
If next trough to peak is 0.3 (3 percentage points better than 77% in the current cycle), this would suggest ATH of "only" 82K, which would be a disappointment to many, including myself.
TL;DR The cycle got messed with last time and it is not clear if there would be a "rebound' to the "natural" progression in the form of a 'super-cycle" or not. If yes, then 246-551K is achievable and if not, we might peak at much more pedestrian 82K.
If you want to know what the next cycle top will be, just wait for another Bitcoin prophet like PlanB to come out with some bogus model claiming the "assured" price number it'll cross, and all the shill bots coming out to support that theory all over social media. The next top will fall well short of that number, whatever the fuck it is. Guaranteed.  EDIT: Here ya go, the MSM has already started the bs: https://www.cnbc.com/2023/04/24/bitcoin-btc-price-could-hit-100000-by-end-2024-standard-chartered.html |
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