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

[philipma1957]

He has said many times that he won't sell his Bitcoin.  If he did, it would be a complete loss of trust in his company as a Bitcoin Treasury Company and he would likely be sued for that by his shareholders.  Not to mention he has STRF, STRC, STRK, STRE, & STRD that he now has to support and having less assets won't help him continue "selling volatility" as he puts it.
(MSTR's offerings spell FCKED - The only thing missing to get FUCKED is U, the irony!)

I'm sure his legal team did their best to protect the company (although he did say he discussed this stuff with AI after lawyers wanted to take too long reviewing everything).  He'll be sued for certain at this point, but maybe his legal team does their job and he wins.  If that's the case, it's really just his shareholders that get screwed and if Bitcoin rallies again next cycle they would probably be profitable before the lawsuits were settled.  This is going to be one hell of an interesting story to track over the next couple years.

As long as his statement of 'never selling' is concerned, I think we might not take it seriously. Remember the case of Elon Musk few years ago, when he decided to accept Bitcoin as payment option for Tesla and after sometime he decided to back off from that decision as he suddenly came to know that Bitcoin is not environment friendly.

Like Elon Musk, Saylor is also a business man and if one day he decide to quit after getting his share from Bitcoin then what we can to him? Nothing.

I don't think Saylor is that much stupid to keep hodling Bitcoin forever.    

Saylor is over 50 so he will be dead in 40-60 years time.

He can’t hold it forever.

The question is in 2030 in 2040 in 2050 the next 25 years does he hold it for those 25 years. Does he bail?


as for buyingnow.

i have cash set next for 92.5k dip

still doing dca with the mining.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

He has said many times that he won't sell his Bitcoin.  If he did, it would be a complete loss of trust in his company as a Bitcoin Treasury Company and he would likely be sued for that by his shareholders.  Not to mention he has STRF, STRC, STRK, STRE, & STRD that he now has to support and having less assets won't help him continue "selling volatility" as he puts it.
(MSTR's offerings spell FCKED - The only thing missing to get FUCKED is U, the irony!)

I'm sure his legal team did their best to protect the company (although he did say he discussed this stuff with AI after lawyers wanted to take too long reviewing everything).  He'll be sued for certain at this point, but maybe his legal team does their job and he wins.  If that's the case, it's really just his shareholders that get screwed and if Bitcoin rallies again next cycle they would probably be profitable before the lawsuits were settled.  This is going to be one hell of an interesting story to track over the next couple years.

As long as his statement of 'never selling' is concerned, I think we might not take it seriously. Remember the case of Elon Musk few years ago, when he decided to accept Bitcoin as payment option for Tesla and after sometime he decided to back off from that decision as he suddenly came to know that Bitcoin is not environment friendly.

Like Elon Musk, Saylor is also a business man and if one day he decide to quit after getting his share from Bitcoin then what we can to him? Nothing.

I don't think Saylor is that much stupid to keep hodling Bitcoin forever.    

Saylor is over 50 so he will be dead in 40-60 years time.

He can’t hold it forever.

The question is in 2030 in 2040 in 2050 the next 25 years does he hold it for those 25 years. Does he bail?


as for buyingnow.

i have cash set next for 92.5k dip

still doing dca with the mining.

He never has to sell, he is leveraging it perfectly, the man has his own Treasury reserve.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

some discounts are right here.

[SPIDERMAN008]

Choice is yours
Will Be a Bitcoiner or low coiner or No coiner

https://x.com/RobinSeyr/status/1989976060679626904?t=mqs_w2z_amVAziGJL7uJCA&s=19

[OgNasty]

some discounts are right here.

You think that’s the bottom you’re buying now?

[philipma1957]

Its a lock to go sub 90k if not today then by Tuesday.

get your powder ready.



@nasty

My buys go down to under 70k

I have my down ladder all set up.

[Abelly]

So is it up or down for now for the next few months?

My hands are very itchy and hot.
Is it time to do DCA again or do we need to wait for another decline?

You have been here since April 2017 bangjoe (that is more than 2 whole cycles, congratulations). I would imagine that you have been already able to get a decent amount of coin through the years, and some guys will transition from a DCA strategy and into a buy the dip strategy after they have mostly already accumulated a decently good-sized stash.

Sure, there are some other guys that proclaim that you can never get enough bitcoin, so perhaps some of those guys would just keep DCAing, yet I suspect that guys who say that you can never get enough bitcoin, they likely have not considered the matter well enough, since I can think of a variety of scenarios in which a guy might have had gotten enough or more than enough bitcoin, especially guys who have been able to accumulate bitcoin for more than a couple of cycles, which seems to be your timeline bangjoe.

Of course,,,

And of the bitcoins that I have bought, not all of them I hold...

Some need to have a more decent house and a more comfortable vehicle, I sell from the profits... 

Now have decided again to make additional purchases, as supplies for the next few cycles

It seems you are not just investing, but also enjoying your life.
Building a comfortable life from Bitcoin profits is the real strategy. And hey, if you are planning to buy more in the next cycle, then proceed slowly and wisely because the market will always fluctuate.
With a perspective like yours, even beginners have a lot to learn.
Bitcoin is not just a crypto, it is a reflection of a lifestyle!

[cAPSLOCK]

Wait, am I still asleep or have we actually reached the Jeffrey Epstein is Satoshi level of this battle?

[Biodom]

some discounts are right here.

You think that’s the bottom you’re buying now?

some people just can't stop repeating themselves....

Give us a number, pal...and we will see how good your predictions are.
Oh, I forgot...they are always perfect.

[Biodom]

Wait, am I still asleep or have we actually reached the Jeffrey Epstein is Satoshi level of this battle?

some dumb ass old rich people of fiat are saying something like that.
"he was close...he was close".

[OgNasty]

Wait, am I still asleep or have we actually reached the Jeffrey Epstein is Satoshi level of this battle?

I don’t know, but we’re reaching new levels of cope for sure and it is still so early in this process.

For the record, I want the price to go up too but I can’t resist trolling the people who get mad at those who accurately predict what is going to happen.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Wait, am I still asleep or have we actually reached the Jeffrey Epstein is Satoshi level of this battle?

I don’t know, but we’re reaching new levels of cope for sure and it is still so early in this process.

For the record, I want the price to go up too but I can’t resist trolling the people who get mad at those who accurately predict what is going to happen.

And what makes you think you are accurately predicting what is going to happen.

If you think you are good

Try

Nov 17 price hi low
Nov 24 price hi low

In fact new thread coming up.


https://bitcointalk.org/index.php?topic=5565633.new#new

Have at first day ends Wed the 19

Pick time ends  Tuesday the 18th

My picks for that day are  in.

This is fun but speculation at its best.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LoyceV]

I can’t resist trolling the people who get mad at those who accurately predict what is going to happen.

You're so full of it:

I think a top price between $130K-$170K is most likely, occurring sometime between the beginning of September and the end of November.

[OgNasty]

I can’t resist trolling the people who get mad at those who accurately predict what is going to happen.

You're so full of it:

I think a top price between $130K-$170K is most likely, occurring sometime between the beginning of September and the end of November.

Funny how I post here daily and you had to go back half a year to find a prediction I made that was off by 3%!!! That’s your best example of me being full of it? 3% off a multi year high!?! That’s my example of the cope here being out of control already. People even merited that…. LOL. Cope city. How far back you think I’d have to go to find you being hilariously wrong?

[Biodom]

Here is an interesting vid from Ben Cowen 5 years ago (price was at 15K).

https://www.youtube.com/watch?v=GxZQPc2IYa4

Bedford law...says that in a series of numbers (like a series of price numbers), you would much more likely to have the price starting with 1 or 2 and much less likely to have a number that starts with 8 or 9.

By this thesis, it is more likely for bitcoin to recover from the current numbers to a number at or above 100K (or alternatively, drop as low as 10-29k-this is just from math perspective, NOT a prediction).

Conclusion: Since all financial things considered numbers for bitcoin price at or above 100k are more likelier than 10-29K, Bedford's law would suggest that regaining numbers that start with 1 (or even 2) would be more likely than not.

In Ben's example, the number of times bitcoin was at a price starting at 1 or 2 was in about 35% cases and 8 and 9 only in about 14% cases (about 2.5X difference).

I like our projected 71.42% chance for regaining vs about 28.58% chance for having a price that starts with 8 or 9.

Let's see how this reference to Bedford's law pans out.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com