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

[ChartBuddy]

Explanation
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[1715218546]

1715218546

[1715218546]

1715218546

[1715218546]

1715218546

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[JayJuanGee]

your bets guys... will 50k hold over the next 3 days?

I'd say we'll dip below

Will 53k hold for the next 3 days?

I'd say it's iffy.

will we stay under 55,555 in the next 5 days.

I say it is a 50-50 chance 

Interesting.

I am going to suggest that the odds for breaking something like a $55,555.55 UPPpity in the next 5 days are ONLY around 44.44444444444444444444% and the odds for not breaking it to be right around 55.55555555555555555%.  Call me a bear if you must.

Furthermore, I would suggest that the remaining 0.0000000000000000000000001% might need to be considered as a rounding error or perhaps some other unknown unknown..

[edited out]

The way I see it, we will either bounce off of 49.6k or 47.5k but we will be sub 50k probably for a short while.
It's ok, though. Bitcoin was pumping really hard so it needs a breather.

Poor lil fella's all tuckered out.

The real bear has poked out his lil head.

You are a real party poop!!!!!!!!

 

[edited out]

no i say 44,444 in the next 4 days

40/40 chance

That's a nice variation, even though it is probably worthy of some kind of cruel treatment.. such as a batslappening.

Hey, and why didn't you go with 44.44444/44.44444 chances.. so that would ONLY leave you with a 11.11111111% difference, rather than a vacuum of 20%.  You are no scientist.

Proudhon?  Donkey?

Please help on this one to show vapourminer what's up..   

Maybe breath on him?, so that one vapor might be transferred to another vapour. #nohomo

and it is only enough to investigate other cryptocurrencies to realize that many of these have failed.

Many of "us" also known as "we" tend to refer to those thingies that you had mentioned above as "shitcoins," and perhaps it is not fair to suggest that any of them might have any chance of not failing, beyond potentially serving as test grounds for bitcoin... and sure test grounds in which founders are printing their own money.. but whatever, let them have their lil funzies, even though some innocent peeps (aka normies) are going to end up getting ground up a wee bit muchie through such a process of divergences... It may well be for their own good (builds character for when the come to experience our savior king daddy, aka my lil precious).

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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All Credit to ChartBuddy

[ChartBuddy]

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[Pi-network314159]

Since the thread in which I was posting/responding was locked, I am going to post my response here, in this lovely thread, and I will also invite Pi-network314159 to look at my response in this thread and decide whether he is going to respond further.

it's my pleasure and honour being invited here, but after this reply I would like the conversation to continue in this post.

I agree that the general idea of applying DCA to BTC accumulation would be to attempt to both invest in bitcoin on a regular basis and to customize your style/approach to your own financial circumstances and/or budget.

that is correct, because to get acostomed to DCA one needs to invest on a regular basis. and that is basically the secret of getting a better style or approach, but the fact still remain that no matter how we get better style , sometimes investment strategy changes expecially when there is no steady income generation. may be when salary job is terminated, it will definitely affect the DCA strategy making it a little bit slower than expected or any other unforseen circumstances. but definitely there is always a way out maybe pausing the investment or reducing the investment plan by rearranging the statistical data analysis which have been programmed on DCA. I also see that the best way to achieve this DCA strategy is to have a  Private/self employed business, because that is the only way we can achieve our table lay down.

So within any DCA approach, you can choose the extent to which you want to be aggressive or whimpy, and whether you are aggressive or whimpy, you should still be able to manage other aspects of your budgeting which would be making sure that your expenses are below your income and/or managing your emergency funds, reserve funds and/or float.  The mere fact that you are aggressive does not mean that you would necessarily end up being sloppy in gterms of managing various aspects of your budget.

for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey. I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan. although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

The tool does not become less valuable merely because I was the one that inputted the data and created the assumptions versus some other person could make better or worse assumptions, so the mere fact that such a tool is available does not assume that it will be used well or that my way of using it is not any good for me, whether I turn out to be correct in my assumptions or not, it could still be helpful to go through such exercises.. but it also might be a big waste of time for some folks who might be served better by using their skills and their thought process in other ways... Another thing is that it may or may not be helpful if the person using the tool is failing/refusing to attempt to match the knowledge and/or theory with putting some variation of the framework into action... When a person puts some of these ideas into practice the ideas may well end up informing the practice and the theory, so the whole process of putting the theory to action can help to better inform any person who is trying to improve himself and/or his circumstances through the use of these kinds of tools.

you are also correct. setting the table by yourself doest to implies that it is not good for you, each individual has a way of doing theirs but definitely the Wimpy ones will alway find a way of criticising the table in other no to follow a rightful part but that doesn't change any fact because it is an individual race and doesn't require any body to like it or not. the reason many people put their blame on some unnecessary things is because of there inability to to program a table and follow it subsequently without failing. and when dey do it based on anytime any day or always wanting btc to dip, dey become tired and wanting to call it a quit and also planing to sell of the little generated btc.

[ChartBuddy]

Explanation
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[OutOfMemory]

So within any DCA approach, you can choose the extent to which you want to be aggressive or whimpy, and whether you are aggressive or whimpy, you should still be able to manage other aspects of your budgeting which would be making sure that your expenses are below your income and/or managing your emergency funds, reserve funds and/or float.  The mere fact that you are aggressive does not mean that you would necessarily end up being sloppy in gterms of managing various aspects of your budget.

for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey. I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan. although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

Isn't "aggressive" or "wimpy" meant in a situation-dependent way?
So if i have about $100 to spend each month through various ways of generating income and minimizing outflow, i would be "wimpy" to invest $1-$10 of it for DCAing Bitcoin vs. "aggressive" if investing $90-$100, right? I would also be "aggressive" if i, for example, cut my healthy but costly diet down to only eat potatoes and rice (or Ramen, to introduce a bit of religious humor...), right?
At least this is the way i understand this terminology: In relative, not absolute terms.
To be able to follow this discussion, do my assumptions, which are by no means complete, just simple examples, match?

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[fillippone]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

[vapourminer]

no i say 44,444 in the next 4 days

40/40 chance

That's a nice variation, even though it is probably worthy of some kind of cruel treatment.. such as a batslappening.

Hey, and why didn't you go with 44.44444/44.44444 chances.. so that would ONLY leave you with a 11.11111111% difference, rather than a vacuum of 20%.  You are no scientist.

i ran out of fours

[ChartBuddy]

Explanation
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[OutOfMemory]

Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.

Embarrassing.

This is candy:

So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?