Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 141. (Read 26461926 times)

I'm wondering if people are getting ready for the fire sale in the stock market that seems likely tomorrow.

Nobody knows what is a reasonable target.
It needs to play out.

For sure, it is no fun trying to catch a falling knife or even to realize that it is a falling knife until some later point.. not that some of us are trying to be precise with any BTC buys that we might be making, but when the BTC price keeps free-fall dropping there can be some regrets regarding some of the earlier purchases that were thought to be "buying the dip" but those supposed "buying the dips" ended up getting executed at seemingly quite a bit higher prices than the current price.

Looking pretty bloody now.. .so geez, when is it going to end, if at all?

Maybe we are really going to zero, this time?

49

I know I shouldn’t try to catch a falling knife but I’m watching and considering snatching up a coin here. Just waiting for a volume spike to signal a liquidation.

Edit: I didn’t bite at $49K. I didn’t see a big enough volume spike for my liking. I think we go lower tonight. Getting out the popcorn.

This actually might be one of the most horrible sell offs in the BTC history imho I did bought a DIP on this one… but would have preferred the other direction for sure…

Of course it is possible.

So yeah, the closer that we get within striking distance of some prices that we might have otherwise considered not very probable, they all of a sudden become not only probable, but more likely than what they were previously.

So yeah, we may well be getting into questions of how low, and if there are some lows, then how long can it stay down at whatever level that it might end up reaching.  this might be a time for the USGovt to throw in the selling of some coins that it might have available.. and then there might be questions about whether Germany might have had gotten smart enough to buy back or not... (I doubt it, but you never know about these kinds of matters and who might be the sellers and who might be the buyers). 


That's the thing.. We cannot really know, and yeah at a certain point even those of us buying on the way down start to get nervous, start to run out of money and also start to consider ways to juggle whatever money we have remaining, so that we don't actually end up running out.. so the lower we go, the more I may need to start to consider at what price points I may need to reconsider whatever money I have left that is within various buy orders.

DragonvsLinux must be chiming in soon.. even though now it might be too late for some of the bets that earlier I would have had been willing to enter into.


No fucking way that I am going to pay for that.

But I might let you sing me a song (or sing such for a friend of mine), to help "us" feel MOAR better about our current doldrums. 

Any recommendations? 

Do you have any about birds?


Personally, I think a bird song might be better. .. or maybe a song about a rabbit (or a bunny?).. #justsaying

Given my potentially arguably tumultuous history with sirazimuth, and my recent attempts at a distance alliance with Marcus, I might not be the best in regards to making these kinds of requests.


Surely the dip seems a bit much, but we can never really know when it is over or how much more its got to go, even when trying to see a BIG spike at the bottom and then a decently sized spike back up.. but yeah, sometimes the momentum has to get going back in the other direction before we would be able rest assured that the bottom for this particular correction is feeling like it is mostly "in".


I get the sense that some regular guys might not be able to buy the dip until the market opens, yet those dweebs who operate the ETFs are ale to engage in a certain amount of front running, and yeah all of that officially endorsed by our favorite uncle.. whose name is Sam..


They are all strange.

What else is new?


Why do you have to be so dramatic, Philip?

Of course, in bitcoin there have always been manipulators, and it still remains a BIG so fucking what that the manipulators are becoming richer and richer.. which is ONLY expected to be the case when anything (including our lil precious) gets bigger and bigger and it gets financialized then more players are going to be trying to fuck around with it, but even if they are bigger players trying to fuck around with it, it would be fucking retarded to presume that they get their way merely because they are BIGGER.  Sometimes you makes statements that cause me to wonder if you even have any appreciation of the paradigm shifting nature of bitcoin, or you merely plug bitcoin into some already understood category and you analyze it's price dynamics as if you already know the limits of its possibilities - as if it were merely a fancy stock or a fancy stock that has a digital gold component or some other kind of Philip invented category... and yeah, I almost forgot.. you also seem to presume that the Feds with their various interest manipulation games, actually have some level of control over the direction of the macro market (including implicitly having some level of influence over bitcoin, too.. so which was part of the reason that you wrongly presumed in late 2022 that there were benefits to make sure that you were allocated in IBonds rather than making sure that you were sufficiently/adequately allocated in bitcoin).


Well, not that I consider it to be worth it to take cap losses with bitcoin, but whatever, those are your own discussions with your tax/accounting advisor, so surely there could well be some legitimate reasons to have had worked your accounts in that way.. ..and yeah, so hopefully that works out better for you in terms of whatever buy ladders that you currently have going on.. and if you are considering that you are in a kind of BTC accumulation stage, then surely there can be value in regards to buying on the dip, but there can also be value in terms of DCA, yet personally I don't consider what I do to be fucking around with trading. 

Surely, I don't recommend trading. 

I recommend longs, and longs should have a 4-10 year time horizon for any new purchases, and I have my doubts about whether you actually have 4-10 year time horizons on your new purchases (and you are describing them to be BTC that you are accumulating (which implies investing rather than trading), so from my point of view, based on your seeming likely choice of less than a 4 year timeline, you would likely still be trading rather than investing.. and yeah, it may well work out for you (and of course it is your choice.. but I get a bit anal when some folks are describing their trading of bitcoin as if it were investing)..

I am not going to proclaim to know how anyone might structure their ins and outs in bitcoin, which is part of the reason that personally I tend to suggest anyone getting into bitcoin or accumulating bitcoin under a premise of investing have a 4-10 year time horizon for any of their purchases... and if someone DCAs for 4-10 years, then surely some of the coins that they purchase over that period will start to pass 4 year time horizons or longer while they are still in their BTC accumulation stage, and at the same time, it still can take a while to get to a status of enough bitcoin or more than enough bitcoin.. especially for anyone who is DCAing rather than lump summing into bitcoin...

and yeah sometimes lump sums could come in a way that is coupled with buying BTC on the dip, yet that would be a bit of an overlap of the different kinds of BTC accumulation strategies (which are DCA, lump sum and and buying on the dip). No one really can determine if any of us might have reached enough or more than enough BTC (so we have to mostly make those kinds of determinations on our own), which at the point of sufficient (or preferably over accumulation) then various kinds of sales could start to become authorized based on either sustainable price-based systems or time-based systems, which of course I attempt to outline those ideas in my sustainable withdrawal thread.


Even though you repeat your wish(es) on a fairly regular basis, you would not know a bear market if a rabbit slapped you in the face... or maybe a bird?  Waiting for sirazimuth on this one.


Of course, listen to Paashaas.  For sure he is very smart and he knows downity when he sees it - especially since he has been calling for Downity since $32k-ish, so surely sooner or later, he is going to end up being correct.

Maybe it is this time?  Perhaps?  Perhaps?


That could be.  We wouldn't want instability in the world.


Well.  It is good that you set me (and everyone else who might have been a doubter or confused) straight on these matters.

Explanation
Chartbuddy thanks talkimg.com

Bitcoin down 25%+ means this is a bear market which i said some time ago.

Don't listen to those bull cunts.

Bitcoin follows stock market, the current financial meltown and Iran threatening Isreal to attack which makes Bitcoin collapsing.


Richy_T is a shitcoiner/bigblocker at heart never take him for granted.

There is no whale dumping, Asain markets collapsed that why Bitcoin tanked with another $6000.

Explanation
Chartbuddy thanks talkimg.com

Here's hoping my "Bitcoin standard" (aka "Fort Knox BTC") theory pans out, or that the masses finally wise up to buy the dip, preferably both at the same time, because the alternative will suck for everyone (not just BTC holders).

Hyperinflation leading to WW3 or buy Bitcoin, the choice is yours, now or never.

I doubt that pump dumps are whatever are really attributed to that dweeb, since there are always going to be various excuses to pump or dump and yeah, during the dumps, they need to seem convincing and/or scary so that real people actually sell their coins .. while some of the stronger hands (some of which who may well not deserve coins), scoop them up.   The powers that be would love to get as many cornz as possible out of the direct hands of real people, so I would imagine that many of the active ones here are not going to be that easy to convince, even though surely there may be some of us who release some of our coins (and don't say anything about our weak hands) in this thread.  Don't suggest that I am one of the sellers since I have been selling on the way up since 2015 and buying on the way down, so I hardly ever sell on the way down.. just one time that I can recall in November 2018.. for reasons.. and it was not even very much since I bought back nearly half of the sold ones, prior to the BTC price shooting up in April 2019.


Out of the two, I probably would prefer the "tasteless joke" even though historically (or is it hysterically?) there have been some pretty low level ones (relatively speaking),.. and regarding the poetry potential.. at least so far in your seemingly temporary downity feelings, you have spared "us" that level of torture... speaking on behalf of Marcus, since he hasn't been available for a while (629 days).. so not seeming very likely that we will be hearing more from him.. Am I supposed to say RIP.. nothing against Marcus.. even though he had some controversial periods in his last days on the forum, so probably not good to leave with that impression..


ditto that


Sure I question the extent to which Trump really understands the difference between bitcoin and crypto, yet he still had several fairly decent talking points, even if there was not a lot of substance behind several of those talking points, and some of the talking points were a bit unclear and potentially contradictory, but still an overall idea of striving for a less hostile bitcoin environment might not be totally bad, yet who really knows if there might be lovey dovey speech in the foreground and behind the scenes prosecutions of the various people who Trump hates, so in the end, no one is really safe from an outwardly vindictive guy like him so bitcoin/crypto is all hunky dory until that pea-brained twat finds out that some of his enemies are using it, and he seems to have no shortage of enemies.  The ONLY folks he seems to like are those who worship him and kiss/lick his bitcoin sneakers.



I figured you would be rolling with some dry powder.   


Hahahahaha.. Nutildah's special NFTs.  Of course, he's an artsie fartsie type... and not in it for the money.

By the way.. ..

Protip:  never go all in... whether fiat or BTC.  #justsaying


Might there be some waiting for the ETF markets to open up?  I am not saying that I know anything specifically.


That may well be one of the ONLY redeeming contingencies of this whole dumpening situation..... purgening of some of the froth.. 

Finally we might get to withness ETH getting back down to some more realistic valuations. 

Personally, I would get some pleasure in seeing 0.02 BTC or lower.. so another 50% drop in terms of BTC seems reasonable (since we had seen a dip slight below 0.04)... Not that I completely dislike shitcoiners, since many of them are people too.. even though they are scammers or friends of scammers or supporters of scammers (but some of my "best" friends are shitcoiners).. .. #justsaying

"Money never sleeps, Bud...back to work"
A quote from the original "Wall street" flick.

Explanation
Chartbuddy thanks talkimg.com

Woke up to see Bitcoin at $54K
Did another war start while I was sleeping or has fear clouded many judgement already

What did you expect, bro, we are playing with the big boys now and they love a "bargain".
Remember how they crushed the Internet sector in 2001-2002, only to turn around and buy into "survivors" like AMZN, big time...slowly.
Later on, at some point they crushed Netflix by 80% or so, only to buy gobs of it later.

I would gain respect for the fed if they said fuck the markets and raised the rates 50points.

No one would think they would do that. I feel this was the markets trying to force a cut in the rates in sept.

And I am really starting to look at btc as billionaires bitch toy yoyo 🪀

at JJG

i have a cap loss created from my 2022 sales.

no point selling.

I stretched and simply made my buy ladder go lower.

I want a good stack this time.

no real mining anymore so I need a different plan of making bank.

Yeah.. I had right around 7 buy orders fill between $65k and $54k, and so I surely don't find the filling of buy orders to be particularly fun, unless the price ends up bouncing..  Sometimes it can take a while to bounce,.. and who knows?  I never claim to know about these kinds of matters.. Is it going to bounce or not?  Sometimes bounces are clear and other times they are not.. and the only thing that we can really say is that there has been a dip, so we might get guys like OgNasty coming in and saying, "I told you so," and frequently many of us hate if those guys get their buy orders fill, but shit happens.. so if we are supposed to be prepared for either UP or DOWN, then in times like these, we can verify the extent to which we are "in fact" prepared for DOWN that ends up happening.. and anyone going to do a mindrust, yet?  We are not even close to mindrust levels of capitulation, yet.. even though surely  another 4 years later liquidation event would not be completely out of the question, but we are likely going to need much more drop to get to those levels.. Do I even want to suggest some numbers?  Probably not.

Another thing is that so much positive news and then the BTC price does the opposite of the seemingly positive news, so yeah, this is not completely unusual behavior for bitcoin.. even though we are never guaranteed that the BTC price is going to go up, yet many of us continue to invest into bitcoin because its investment thesis is not getting weaker, even during frustrating times like these.


There is nothing really new here.

Frequently when weak hands are being shaken out of their coins (or from the trees, or however the shaking goes), the end of bitcoin feels imminent, so why should now feel any different?  Do we ONLY want "comfortable" corrections?


It seems like the "down before the up" that many of us hope will not happen, but then it ends up happening anyhow... so yeah, there are likely folks who are expecting unrealistic levels of DOWN before they get in, just like there are always those kind who are never satisfied to buy at the current downity, and they always want more.

So?  Whether more down is coming or not, is still to be found out.  I have had enough of the down for now, yet I doubt that dee cornz gives any shits about the preferences of yours truly.   

It seems that previously I had mentioned something in the ballpark of my current threshold of potentially bouncing into negativity.. NOT mindrust level of negativity, but just a wee bit of disappointment, especially if we end up getting stuck around such threshold versus bouncing.. and yeah, sometimes there is a need for a clear and unequivocal bounce, yet bounces are not always clear and unequivocal.. sometimes the bounce comes when holdler are totally depressed.. and I have no way of measuring how long that is going to take... I am trying to consider some forum member who might be a bell-weather of capitulation.. I have some names in mind, but surely I would not want to say. and even if I were to say, I might not even be correct anyhow.


I would suggest that a fix for the Haiku would just be to change the order of the sentences and perhaps add a word, then it would be NotReallyHaiku converted into Haiku:

Something like this:

Some Red candles rain.
Take us to the 70s again.
Oh this fucking pain.


I thought you would chime in, oh holy one.

 


If it keeps going down, you might have to sell, so that you can buy back lower.

Maybe the capitulator is showing his lil selfie?

Perhaps?

Perhaps?

I doubt that it was planned this way, but who knows.
Bad Warren also sold 1/2 of his AAPL stake. This must have contributed to the sell-sell-sell reaction everywhere.

I know
Can’t buy atm…. But if no recovery until then…
Should be a bargain for them and long term hold perspective
Actually not an ETH fan, but as there are ETF for that shit… it’s an opportunity as well I guess.