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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1169. (Read 26611106 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Just think about it, a $100 per week invested into bitcoin over the last 4 years would have had resulted in more than 1 BTC (at 1.0505), but if you had been wanting to double the quantity of your BTC holdings in a similar amount of time, you may well need to increase your investment rate by 4x to 6x or maybe even more.
This is basically what signature campaigns are about!! A few hundreds dollars of btc each week

However you can get that amount of money.

I mean in the past 4 years, you could have had gotten a wee bit over a whole bitcoin with $100 per week.. and I am wondering if 4x to 6x is actually going to get a whole bitcoin in the next 4 years, and that would be $400 to $600 per week.

It is surely a pretty good income to be able to put $400 to $600 per week into bitcoin or any other investment, yet I am not even going to proclaim that a guy needs to get a whole bitcoin, especially if he is just starting out. If he is just starting out, he just needs to get started, and before 2020, I would frequently suggest $10 per week for newbies to get started, and since 2020, I have been recommending $100 per week, even though I know that it is quite difficult for a lot of non-westerners to do $100 per week.  Sometimes it might be easier for westerners to be able to put aside that amount, but even westerners might be stuck in situations in which they have too much debt and they don't have reliable income... so I am not going to presume it is easy, and I also am not going to presume that anyone should start out by aspiring to a whole coin within 4 years, unless they might already be starting out with some kind of an investment portfolio that they could diversify (reallocate) into bitcoin or if they just happen to have a lot of disposable/discretionary income such as in the $400 to $600 per week arena.

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

Grayscale mostly do not have any control over the amount of bitcoin that are sold.  They sell in regards to the amount of GBTC shares that are sold, and sure some of those GBTC shares could have been their own shares, but I would not presume that they are selling their own shares.  I would presume that most of the sales are coming from clients selling GBTC shares, and then so then Grayscale has to sell the corresponding number of bitcoin in order to keep their accounts balanced (or backed by the correct amount of BTC).  

It's a gift for anyone with spare fiat including myself  Wink
I swear, every one who is prepared has nothing to fear, my reserve are full, we wait for the dip.
#BUY THE DIP AND HODL 😁😁

Well a further dip may or may not happen, so I am not sure what the point is to wait too much for any further dip when we already got around 21.5% dip. but hey you never know maybe there will be more dip, but I would think anyone waiting for a dip would have already bought some at these price points, even if it might surely dip further, but then again, it might not.

Maybe part of the matter depends on how many BTC that you already have versus how much fiat you have in reserves, so if you had just started buying BTC and you have a disposable income of around $100 per week, and you have $3k in savings and another $3k for your emergency fund (presuming $1k per month in expenses), then maybe you would buy $1k right away.. but if you had been buying $100 per week for the past 18 months, if we go by your forum registration date, then you have already bought around $7,600 worth of BTC, so you have a bit more cushion if you had already been buying... .. but if you had ONLY bought a few hundred worth, then maybe waiting is not a good idea... waiting kind of depends on circumstances, including if you are already largely prepared for UP or not.

Even if you had been buying $100 per week for the last 4 years, as we discussed in this thread earlier, some guys might consider 1 BTC is not enough, so they are not going to be waiting around for any dips.. they have been buying for the past 4 years and they had plenty of dips and even plenty of buys that were higher than current prices, so they likely are just continuing to buy.. but yeah, none of us can really speak for anyone else in terms of when they can change their strategies away from ongoing buying and into some kind of waiting for a further dip approach to their BTC accumulation..

Never under 40 again
Pleazzzz
Dude

Maybe never under 33333 is more realistic

Don't get into those numerology thingies again Philip, you have not tended to be very good at it.

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
When is such supposed MegaCrash going to happen?

Sounds like either wishful thinking or probably a low coiner or no coiner or someone who sold way too many coins too soon.

Or an envious shitcoiner.
sr. member
Activity: 98
Merit: 55


Everyone prepare for the bull 🥳🥳🥳

But with Grayscale dumping, we are expecting a pre halving dip event.

Can't wait to buy the DIP AND HODL 😋
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
In any event, so far, as I type this post, we have a 21.5% correction from $49,048 to $38,505, and your chart is building-in a 42% correction for this (pre-halvening correction)
Sigh I thought 42% was the current fall.
Didn't really think it through
Goodness, today has really been hectic for me
Let it get to weekend I really need to relax.

Of course, if we were to measure from the 2021 top, then our current correction point would be right around 44% from $69k to $38,505.. but that likely is not what was being shown in that earlier chart which was a conjectured dip from the $48,048 price arena... which again would not be completely impossible, but I still would not give it greater than 50/50 odds, but hey what do I know.. I am not really that much into trying to figure out some of the short term ups and downs, especially since there are strategies that any of us can do in order to make sure that we are prepared for either price direction, depending on our own personal circumstances, which would include how many BTC we have already stacked in comparison to our other assets, our cashflow and other personal circumstances.

Furthermore, that tweet is extremely negative from the first few words. It's like saying here in the UK temperatures dropped to yearly lows yesterday. It's just stupid. The year just got started!

Not until you are about halfway through the year do I think it's acceptable to write stuff like "yearly lows" etc.
Oh you should follow that account dude he said a lot of negative about Bitcoin I don't know if he likes bitcoin or not but you can see the content https://twitter.com/WhaleWire
https://twitter.com/WhaleWire/status/1731573099642978458

When is such supposed MegaCrash going to happen?

Sounds like either wishful thinking or probably a low coiner or no coiner or someone who sold way too many coins too soon.

The current chart looks like the below.. which does not show any kind of crash yet.. and for sure not a mega crash.. it even looks like the first scenario could be closer to playing out rather than the second scenario.:


https://bitcoinwisdom.io/markets/bitstamp/btcusd

It would dangerous to overly bet on DOWNity, especially in times like these.. .if you know what I am talking about.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Greyscale will sell much more.

This is just the start of a soul crushing multi-month pre-halving correction.

Consolidation during summer.

It will go up again q4 with a possible ATH.

Real fun starts in 2025, until that happens i will remain extremely bearish.

Sorry..

The Bitcoin price is undoubtedly susceptible to the halving cycle, and there's a chance that the months preceding it will see some notable corrections. To be precise, do you genuinely believe that Greyscale's sales will have a greater influence than other factors, such as macroeconomic circumstances or overall market sentiment?
Again, It is highly likely that we will witness a consolidation in the summer. If this is the case, is now a good time to buy?

GBTC already lost about BTC100k and has about BTC500k left, it wont end tomorrow but it wont be as long as others say either
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
hey buddy you limp dick mofo.  Where is a 5k dildo what a puss you are.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
member
Activity: 168
Merit: 77
Greyscale will sell much more.

This is just the start of a soul crushing multi-month pre-halving correction.

Consolidation during summer.

It will go up again q4 with a possible ATH.

Real fun starts in 2025, until that happens i will remain extremely bearish.

Sorry..

The Bitcoin price is undoubtedly susceptible to the halving cycle, and there's a chance that the months preceding it will see some notable corrections. To be precise, do you genuinely believe that Greyscale's sales will have a greater influence than other factors, such as macroeconomic circumstances or overall market sentiment?
Again, It is highly likely that we will witness a consolidation in the summer. If this is the case, is now a good time to buy?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
member
Activity: 168
Merit: 77
Short squeeze in the making or the beginning of hugely depressing spring/summer?
(wondering for a friend ofc)
Edited to add: Had to sell a tiny bit to pay insurances, so it could resume uppity now any moment.
The needing to sell a bit for some "extra" expenses seems like it should have been in the upper $40s, not in the upper $30s..
#justsaying
Thanks for pointing that out, it already began to dawn upon me but now I know for sure..
Then again, when the invoices start to change colors so to speak you can't wait any longer for the squiggly lines to please ones desires and wishes.

Though seriously, in the past it worked more often than not to wait as long as possible to sell for basic needs (a mandatory insurance is not exactly an "extra" expense in my book).
And I'd like to quote Jimbo here in my defense  (IIRC, apologies if I'm attributing this wrongly to him) : "Buy if you can and sell if you have to" and it was clearly a "have to" moment.

Remembering for what I buyed the sats I sold yesterday I'd like to quote the lil doggie too: "This is fine".

Let's say for example if we have an average cost of $1k per BTC or maybe even way less, as Jimbo proclaims to have something like 2 digits on his average cost, but anyhow, for the ease of illustration and maybe even to help guys to relate a bit, then maybe if you are currently around 40x in profits and in the whole scheme of things, it does not make very much difference if you ended up selling some of those coins in 39x profits or if you could have had gotten 49x in profits.

It's cool how you put things into perspective with your example. Someone would have still made a sizable profit even if they had sold at 39x profits rather than the desired 49x. It's critical to remember that timing the market precisely is impossible and that hindsight is 20/20. Furthermore, profits—regardless of whether they are 39x or 49x—are always positive.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform


I don’t understand why that guy isn’t in jail for his part of the Gemini Earn program collapse. I guess nobody cares about that for some reason. It gets swept under the rug quite a bit. As the battle for 40K rages on I think it’s only a matter of time before the market goes crazy. We just need to work through GBTC and mtgox. Soon…
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
member
Activity: 162
Merit: 32
Here is a topic that is of some concern:

https://studyfinds.org/no-cash-accepted-signs-bad-news/

Imho, it should be illegal NOT to allow to pay for anything with cash.
Hopefully, Congress would pass such a bill sooner than later.


Anyone with a brain should be able to see that credit cards are a scam. Debit cards are not much better.

There are no fees or interest charged on cash and no minimum balances are required. There are no records kept of times, places, amounts, purposes, or the names of payers and payees in cash transactions. In other words: no monkey business, everything straight and honest.

For decades I lived without bank accounts or cards. I only broke down and got a credit card to get a "free" t-shirt at the ballpark. I never expected them to give me an actual card with no bank account or job and I was surprised when they mailed me a card. I did find it made it easier to buy airline tickets and travel internationally but I still didn't get a bank account until I needed one to sell a couple of million dollars worth of Bitcoin and buy a lake.

Luckily, in our town in Mexico there are no banks or credit cards. Everybody uses cash. So civilized.

Anyone with a brain should be able to see that credit cards are a scam. Debit cards are not much better.

By Jove! Sherlock,.... I think you've solved it!

Joking aside, allegedly they do have a brain!... , however! you will see millions of them line up to vote! in the very tyrants that will implement and pass through the very policies that will subject them to the very subservient tyranny that you could fortunately swerve. Having a brain is overrated. 🤡   
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Here is a topic that is of some concern:

https://studyfinds.org/no-cash-accepted-signs-bad-news/

Imho, it should be illegal NOT to allow to pay for anything with cash.
Hopefully, Congress would pass such a bill sooner than later.


Anyone with a brain should be able to see that credit cards are a scam. Debit cards are not much better.

There are no fees or interest charged on cash and no minimum balances are required. There are no records kept of times, places, amounts, purposes, or the names of payers and payees in cash transactions. In other words: no monkey business, everything straight and honest.

For decades I lived without bank accounts or cards. I only broke down and got a credit card to get a "free" t-shirt at the ballpark. I never expected them to give me an actual card with no bank account or job and I was surprised when they mailed me a card. I did find it made it easier to buy airline tickets and travel internationally but I still didn't get a bank account until I needed one to sell a couple of million dollars worth of Bitcoin and buy a lake.

Luckily, in our town in Mexico there are no banks or credit cards. Everybody uses cash. So civilized.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 3512
Merit: 4557
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 3388
Merit: 3514
born once atheist

You want my name don't you?  
No am not
I'm Batman
The batman.
......




(And note the date. theymos has nothing on this dude when it comes to April Fools jokes.
notbatman ran this farce for almost four years and 800 pages before locking the thread. )
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