Interesting pumperino. Anyone know something?
Yes 21 million
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1161. (Read 26623215 times)
January 29, 2024, 11:33:59 AM
Yes 21 million
January 29, 2024, 11:24:33 AM
Interesting pumperino. Anyone know something?
January 29, 2024, 11:19:11 AM
43 43 43 43 43 43 43k please 🙏(in one hour)
January 29, 2024, 11:03:26 AM
January 29, 2024, 10:32:04 AM
Ramble over.
Apart from the bet (0.01 is still a tad too much IMHO - didn't JJG suggest 0.001? Not sure, not important.) Oops ahem I digress, apart from the bet - the analysis seems lucid to me. Yes s/he did, and it is important, but for me 0.001 BTC could easily end up being a transaction fee when it comes down to it so not worth the hassle
I have more than 0.001 BTC in bounty funds that I'm not really fussed about losing. I'm aware it's "real money", but doesn't really feel earnt when it's mainly just me posting analysis in order to try and gauge some market sentiment (ie, it's self-serving). Having a bet on would also make me more active on here, which I've been meaning to be for some months now, especially leading into the halving.
Plus, it'd be like fun I imagine.
For those who don't really check the rest of the forum apart from this thread (that's probably many if not most of you) then here's my latest analysis, attempting to get my perspectives clear:
Note: I'm not entirely bearish for immediate term, more 60/40 for now until further confirmation. It's the 4hr and Daily charts that risk dragging price lower and turning the Weekly from immediately bullish to neutral.
January 29, 2024, 10:08:55 AM
Ramble over.
I liked the "ramble" - but was it, really?
Apart from the bet (0.01 is still a tad too much IMHO - didn't JJG suggest 0.001? Not sure, not important.) Oops ahem I digress, apart from the bet - the analysis seems lucid to me.
It's not like we need down before up, but it happened so many times already. This time is different, though. Oh, just like last time, I see. And the time before that. Rhymes without repetition? Whatever.
Pee-pare for up, pee-pare for down. If she goes to 200k overnight, I won't have time to complain (buying a couple lambos and securing a coop of hookers isn't work that does itself, folks! And don't get me started with the blow, it's gotten crazy with the supply chain!). That's all good for UPpity - but with this dubble pee-pare mindset, I am keeping some dry powder to scoop up loose corn when (if!) it gets moar cheeper. Call me stupid.
January 29, 2024, 10:03:29 AM
January 29, 2024, 09:01:16 AM
January 29, 2024, 08:52:50 AM
So??
Never
Under
40
Again
??
Never
Under
40
Again
??
I'd happily take a bet with you, or another reputable member, that price will go below $40K again before the end of the year (2024).
0.1 BTC is the offer.
Yeah I understand
A dip is always around the corner
But
I will take a bet when I say bitcoin will not be trading 50 days in 2024 under the price of 40k
Now that's an interesting counter. Problem is, I'm not that bearish, even if still think $30K remains likely. I'm bearish on price, just not on time
Ill admit my offer was more antagonistic, given price was only 3 days and +5% trading back above $40K... even if I would have made that bet with any uber-bull.
How about 30 days under $40K for 0.01 BTC? (taking JJG advice here) With the halving only ~83 days away, 50 days sounds like too long. I imagine it might take a month or longer to correct below $40K, whether that be to $35K, $30K or even $20K (most bearish scenario), but also think it's likely to have a god-style candle from support back above $40K leading into the halving, so wouldn't want to get caught out here.
That is an interesting and even fair counter-proposal for such a bet, and it does bring out the idea of "are you bearish?" or "are you bullish?" perspective and even to add a bit of a need persistency below $40k rather than a kind of transitory touching upon sub $40k.
That's the thing, long-term I'm still bullish until $20K. I simply think price needs to cool off after a 12 month rally (or 3 month rally, if we are to consider the consolidation around $25K for 6 months, which we obviously should). Therefore, based on usual mid-cycle corrections, ~$30K seems very reasonable, roughly -35-40% back to the 200 WMA area (like has happened in both past cycles, regardless of reasons why/when this happened). I also think a dip will very short lived, and that after the halving price will stabilise around ~$35-40K very quickly/easily, between 0.382 & 0.5 fib levels from ATH to recent low, again similar to previous cycles. The only difference I see this time around is that the blow-off top arrived 6 months later than usual, but I don't think that nullifies a correction, only speeds it up, or makes it less severe. Some people see $25K summer price as the "cycle top" prior to a correction, but with pull-backs of only -20%, I only see consolidation working our way through long-term resistance, not a top at all, but textbook continuation.
The main issue I have is that most people see a return to $30K as bearish, whereas it'd quite likely be the most bullish thing to happen to price in the next few months, in order to cool off and build more momentum for a stronger rally. Obviously in the short-term -35% is bearish, sure, but is also far from unusual, even in full-blown post-halving bull markets. Either that, or consolidation between $40K and $50K for next 6 months would also be very bullish, I just see if as much less likely even if entirely possible. My main issue with $35K is that -30% doesn't go deep enough for a mid-cycle correction, it's usually 35-50%.
Ramble over.
January 29, 2024, 08:01:17 AM
January 29, 2024, 07:01:20 AM
January 29, 2024, 06:01:16 AM
January 29, 2024, 05:01:15 AM
January 29, 2024, 04:01:18 AM
January 29, 2024, 03:03:23 AM
January 29, 2024, 02:49:26 AM
Everyone knows that Bitcoin is a digital asset, but here you have to understand that despite being digital, people do many wrong things, so that Bitcoin can be a profitable commodity or asset for those who have retired from life or other activities, so here's to 92 years old. It has been mentioned that the driving force in human life is that people come and leave the world for a certain period of time. Although they are not so related to Bitcoin, age is definitely important in Bitcoin investment making the right decision and planning.
I understand which you said but I think it makes things too simple when talking about how age affects Bitcoin investment. Age does play a role in making decisions about investments, but it's not the only thing that matters. Other things like how much you know about money, how much risk you can handle, how much you know about the market, and how much money you have to invest also make a big difference. But regarding age we should focus on the new generation not on those who are just near to their death. Just think if they are investing in Bitcoin and have a handsome amount of Bitcoin and h/s didn't tell to anyone about bitcoin so these will remain in hidden and no one will access to that wallets.
January 29, 2024, 02:25:25 AM
. January 29, 2024, 02:22:30 AM
92 How is it determined whether it is actually taken from a country's statistics? It seems to me that the number of years a man comes to live on earth or how many years he will live, is not up to his own will, it is controlled from somewhere else or God can control it. Here religious sentiment comes into play in many ways, it is the most important factor on religious matters. Ultimately I don't think anyone can put an exact age limit on how many years he will actually live or live. Now the important thing is that if someone is 92 years old right now and he somehow lives to be 100 years old, then we can assume he will live to Bitcoin's peak because maybe within the next 2030 years Bitcoin is going to pass its peak.
How Many Bitcoin Do I Need To Be a Millionaire by 2030?
Bitcoin's highest point and comparing it to how long a person lives it becomes more like guessing and doesn't have a strong logical connection. It is important to understand that a person's life and the life of a digital asset like Bitcoin are different. They happen in different situations and are affected by different things.How Many Bitcoin Do I Need To Be a Millionaire by 2030?
Everyone knows that Bitcoin is a digital asset, but here you have to understand that despite being digital, people do many wrong things, so that Bitcoin can be a profitable commodity or asset for those who have retired from life or other activities, so here's to 92 years old. It has been mentioned that the driving force in human life is that people come and leave the world for a certain period of time. Although they are not so related to Bitcoin, age is definitely important in Bitcoin investment making the right decision and planning.
January 29, 2024, 02:13:18 AM
92 How is it determined whether it is actually taken from a country's statistics? It seems to me that the number of years a man comes to live on earth or how many years he will live, is not up to his own will, it is controlled from somewhere else or God can control it. Here religious sentiment comes into play in many ways, it is the most important factor on religious matters. Ultimately I don't think anyone can put an exact age limit on how many years he will actually live or live. Now the important thing is that if someone is 92 years old right now and he somehow lives to be 100 years old, then we can assume he will live to Bitcoin's peak because maybe within the next 2030 years Bitcoin is going to pass its peak.
How Many Bitcoin Do I Need To Be a Millionaire by 2030?
Bitcoin's highest point and comparing it to how long a person lives it becomes more like guessing and doesn't have a strong logical connection. It is important to understand that a person's life and the life of a digital asset like Bitcoin are different. They happen in different situations and are affected by different things.How Many Bitcoin Do I Need To Be a Millionaire by 2030?
January 29, 2024, 02:01:15 AM
Jump to: