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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26491408 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.)
Ambatman
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August 30, 2024, 07:42:54 AM

Pretty pathetic that we still can’t hold 60k, I must admit.

My confidence about how high we do or don’t go in this cycle comes in waves. We’ve been in no mans land for a long time now though. Maybe we don’t go as high as I initially thought this time.

Market looks weak AF tbh.

I'm surprised we are still farting around the 60K mark to be honest:

* ETFs approved and massively gaining momentum, biggest inflows into any ETFs ever.
* Blackrock one of the biggest hodlers now.
* Saylor doubling down
* Trump mentioning Bitcoin, being positive and doing his rally at BTC convention (even if he doesn't understand it)
* Copycat Policy Kamala somewhat friendlier towards Bitcoin
* Ethereum starting to turn into a forgotten turd (50% down ATH, compared to BTC 20%)
* Collapse of the NFT scams (maybe that's a negative though).
* Stablecoins more and more popular.
* Nvidia / AI still on top the world supposedly.

The BTC halvening didn't seem to matter either..... yet.

Probably it's just all the big boys still being on holiday with Leonardo DiCaprio and an army of 20 year old female models at the moment.
Who the f knows...

This year has been quite like Korean romance movies.
Happy at the beginnings, dramatic moments after Mid but always with an Happy ending. (Rationalist in me talking)


We crossing $100K coming month or two (optimist in me)

If this continues weak hands are gonna get disappointed and tired(sure strong hands are still Dissapointed, but won't sell ) and start selling which would increase our time taken increating another ATH during rates cut. 

Sadly U.S election during November would decide how fast or slow we would cross the 6 digit mark (If we haven't by October)

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August 30, 2024, 07:44:57 AM
Last edit: August 30, 2024, 05:18:24 PM by JayJuanGee
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It’s weird that you make assumptions I was selling lots at $4K during a year it hit $20K.

I was merely reading from what you wrote, so it is up to you to specify the extent to which you deem some level of specification regarding when you sold or whatever you want to say to be helpful to any point that you might have had been wanting to make about how you played the 2017 BTC price run.

If you read the thread other people at the time were hoping for a $50 BTC and I was telling them $4,000.

Sure fair enough.  I am  not going to read through that historical thread involving what you said and what others were saying prior to the 2017 run-up.. at least not at this time.. .. especially since I already know that over the years, many of us have had many kinds of back and forth communications with other forum members about bitcoin and its price direction, and I doubt that any of us really knew any specifics beyond having some speculations that may well include attempts for us to try to line up our investments (and our allocation into bitcoin as compared with other places that we might have had allocated value) within the parameters of our beliefs, and so you want to suggest that your price quantity and/or direction was more correct than other members (or that you are consistently more correct than others when it comes to figuring out BTC price direction and perhaps even price waves).... Ok great.. no problem with those kinds of propositions, I suppose, even though it seems that many of us have come across quite a few bitcoin naysayers, fence sitters, shitcoin pumpers, no coiners, low coiners and etcetera, over the years, and so if some of us supposed smart ones (the bitcoin HODLers) were mostly accumulating and holding our cornz, then our actions would have had spoke for themselves in regards to the subsequent results, including that we already know that many forum members either failed/refused to sufficiently buy BTC and/or sold way too many BTC too soon...and at the same time, most of us likely have not been free from making a variety of our own mistakes along the way, either. At least, I am not going to claim that I was mistake free, even though you might have been more perfect than any of the rest of us.

My predictions have evolved over time and I’ve explained my thought process clearly as well as never calling a forever top. Don’t assume because I gave a price target in 2011 that I hadn’t upped it or learned more about market bubbles by 2017.

Of course, you sold at the top and bought at the bottom and you only bang 10s along the way, too.

I could also give plenty of examples of me heavily buying the dip at $1200 after paying off my mortgage. It was definitely a wise move for many reasons.

That is a strange claim, especially since in 2017, once we hit $4k and above, we did not have any dips to $1,200, yet you can remember your situation however you like in terms of your supposed abilities to play BTC's price waves to your advantage, and surely if you would have had paid off your mortgage with your proceeds of your BTC sales, then that money would have been spent for that purpose, so by definition, you would not have had that particular money to use in the context of buying BTC on the supposed $1,200 dip.

In the whole scheme of things, I am not sure how much your fleshing out how your actions supposedly matched with your earlier claims even matters, except you seem to want to make claims that come off as quite strange.. but hey, maybe they could potentially make sense and I am just being a hater for no good reason... not that I am admitting to being a hater.

I don’t know why you are so threatened by me being able to pull up receipts about how incredibly accurate my predictions have been over the years or how I’ve been able to benefit, but it’s weird. Be happy for other people’s success, not threatened.

Ok from your perspective, you are wanting to say that my ongoing criticisms of your seeming inabilities to resist pumping your ego as being threats to me.

I doubt it.  

Maybe if you figured out ways to be able to describe some of your representation of factual happenings, your logic and/or your subsequent conclusions and opinions, to the extent that you want to describe them, without a seemingly ongoing need to pump your ego, then maybe your renditions would become a wee bit less annoying... but hey whatever, you do you, and if I feel like commenting to your posts, then I will make those kinds of choices, within my determinations which I doubt that I am feeling any kind of threat from you or your posts..

Surely you already know that members participate in various forum threads, including this one, and are free to make whatever comments they like and even decide to refrain from making comments, just as you are free to make some of your claims and to have them challenged by other members from time to time, if other members (such as yours truly) might choose to do so.  At the same time, I doubt that I am overdoing my feelings in regards to any of my various questions, comments and/or criticisms to your various posts, even though there could be circumstances that I might be willing to adjust my stance or my comments or to be corrected if I might have had made some factual/logical errors or even if I end up agreeing that I might have had gone too far in my determinations to make some possible personal attacks in the process, from my own assessment of the matter...

and, you probably already know by now, that sometimes when any of us might become emotional in regards to any of our interactions with other forum members, there might be some problems with the claims that we are making, wanting to make or the points that we might be trying to defend... so yeah, having a fairly BIG ego and appearing to have one could be problematic for any of us, and I am not claiming to be free from such ego predicaments, even though I will still suggest that whatever interactions I have been having with you and/or the contents of your post are not too likely (so far) to have had been motivated by any need for me to defend myself as if I were to perceive you (or some of the points of your post) as some kind of an existential threat to me, rather than my attempts to mostly attack the substance of your posts, yet if I also perceive that you might be putting a wee bit extra ego into your posts and/or arrogance into your posts, then maybe I might feel some kind of a need to go a little harder in my response to the post in regards to that kind of a seemingly ego-motivated tendency that you seem to have on a fairly regular basis.  

Again, you do what you like and post whatever you like (as if I have to grant you permission.. hahahahaha), and I will decide whether or not to respond to you or to your posts.. not that I am following you around or purposefully trying to find fault with you or your posts, or anything like that.   I just have been tending to see your posts and sometimes they stand out before I even realize who had written the post.. so surely, I don't give too many shits about you in particular, except that I might sometimes notice a pattern that comes out of your own style of writing posts.. just likely you probably notice a pattern that is present in my posting style too, which I am not claiming to be a saint (can you imagine?) or to be free from my own various faults, too.

Edited (9-ish hours after original post): made a few corrections to flow and a bit of substance bolstering
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what is this "brake pedal" you speak of?


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August 30, 2024, 10:24:28 AM

interrupting my sunrise to interrupt buddy
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what is this "brake pedal" you speak of?


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August 30, 2024, 02:59:41 PM

buddy

seriously
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August 30, 2024, 03:00:27 PM

$58,460

Bitcoin, I am getting tired of your weak performance.
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August 30, 2024, 03:24:49 PM

Yeah buddy, it's the Labour Day long weekend.  Give us proletarians a break!
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August 30, 2024, 03:58:27 PM
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The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.

It's still OK for now. However if we don't see any real break (up) in Q4 2024.. + US elections, and still in this range (or below), which will mean that the alts market would collapse even MUCH more.. well probably ugly to see in that case, and maybe we would have to expect lower targets for that cycle..

During this time S&P500 still at ATH. If stocks market declines after US election or any other bullshit (kamala, recession, wars etc..)  what's the probability of a BTC/crypto bull market? probably quite LOW.

So to resume yeah, bears can play few more days / weeks.. but if Q4 has nothing convincing and same/worse than now.. make your own conclusions.

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August 30, 2024, 03:59:53 PM

Yeah buddy, it's the Labour Day long weekend.  Give us proletarians a break!

soma!    soma!
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August 30, 2024, 05:42:15 PM
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The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.

It's still OK for now. However if we don't see any real break (up) in Q4 2024.. + US elections, and still in this range (or below), which will mean that the alts market would collapse even MUCH more.. well probably ugly to see in that case, and maybe we would have to expect lower targets for that cycle..

During this time S&P500 still at ATH. If stocks market declines after US election or any other bullshit (kamala, recession, wars etc..)  what's the probability of a BTC/crypto bull market? probably quite LOW.

So to resume yeah, bears can play few more days / weeks.. but if Q4 has nothing convincing and same/worse than now.. make your own conclusions.



Great post, agree with everything written here. Bitcoin can perform badly throughout summer very often. There’s no reason to really panic, I am just irritated after seeing a new ATH before the halving so I expected a lot higher by this point in the year.

Traditionally Bitcoin tends to start moving in halving year at Q4. I will be concerned if the price isn’t in the $70,000s at least by the time we hit December. Obviously if Trump gets in then it will be good for the price.

LFC’s irritated eyes firmly on Q4.
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