Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2730. (Read 26713769 times)
November 19, 2022, 05:01:16 PM
November 19, 2022, 04:46:12 PM
Wondering what exactly is the advice
I think it's obvious and simple, but i'm not sure if it isn't meant as a joke:
WOMEN ARE EXPENSIVE
Sorry for the caps, but this pic is straight yelling this at me
EDIT: Elaborating. When you are with a woman, this needs time, effort and money, which is spent on relationship "stuff", common interests, daily life, later on on kids, home, home for the (grown up) kids...
I'm not a sexist.
November 19, 2022, 04:25:55 PM
Wondering what exactly is the advice
November 19, 2022, 04:22:01 PM
I don't know what to make of it.
People are stupid and do not self custody and allow their coins to be used in naked shorting, Fractional reserve banking and participate in derivative never settling markets and then cry they don't know whats happening when its been spelt out to them for years?
Nah, thats not it.
Edit: got beat to it while spell checking.
Oh, ye, blame others for this...which is especially funny in relation to myself as I have 0% of my bitcoin on exchanges (historically never more than a percent or two).
Perhaps, we should say that current bitcoin protocol was not enough to prevent all this calamity and allowed for fractional banking, instead?
Are you enjoying the downturn, though?
Me neither.
November 19, 2022, 04:20:50 PM
id ask for a do over for '22...except i def do not want to go thru this again could be 3-6 months before this purge shakes out cause im not sure the other shoe has dropped yet
usually comes about the time you raise your head up and begin to wonder if its all clear
disappointed with the whole space right now
happy fucking holidays
dyor
stronghands
If that doesn't say "stronghands" we are gonna have to sit down for a talk!
November 19, 2022, 04:14:01 PM
I don't know what to make of it.
People are stupid and do not self custody and allow their coins to be used in naked shorting, Fractional reserve banking and participate in derivative never settling markets and then cry they don't know whats happening when its been spelt out to them for years?
Nah, thats not it.
Edit: got beat to it while spell checking.
November 19, 2022, 04:09:41 PM
Whatever the ultimate bottom is, I expect "only" 5-10X in the next cycle (from the bottom).
Why? Prior cycles:
$2 bottom, then $1160 top or 580X
$175 bottom, then $19780 top or 113X
$3100 bottom, then $68900 top or 22X
As you can see, the multiple keeps decreasing drastically (by a factor of about 5) in each consecutive cycle.
Accordingly, the next number for a top is roughly 5X of the bottom, but due to some variability, perhaps up to 10X is possible.
Currently, this would mean either $77.5K (which would be a GREAT disappointment for almost everyone) or up to, perhaps, $155K, which could be OK.
Why? Prior cycles:
$2 bottom, then $1160 top or 580X
$175 bottom, then $19780 top or 113X
$3100 bottom, then $68900 top or 22X
As you can see, the multiple keeps decreasing drastically (by a factor of about 5) in each consecutive cycle.
Accordingly, the next number for a top is roughly 5X of the bottom, but due to some variability, perhaps up to 10X is possible.
Currently, this would mean either $77.5K (which would be a GREAT disappointment for almost everyone) or up to, perhaps, $155K, which could be OK.
That would mean BTC can never exceed gold.
I doubt that this progression will be valid forever...
there is a bit of a paradox in bitcoin behavior so far.
Let me formulate it:
Bitcoin's bull stages appear to be progressively shallower from the bottom (at depicted above-from 580X to 113X to 22X), but downward plunges changed only marginally; from -94% to -87% to -84% to, currently, -77.5%. Therefore, if the trend continues and our next top is, say, 150K, then -70% down would be 45K and if only a marginal top in 80K vicinity, then $24K bottom in 2026-2027, which would be quite brutal in comparison with even the 2021 top. I don't know what to make of it. I always thought that IF bulls were to become shallower, then bears would be as well, but SO FAR, it did not really happen (at least not as much). Anyone with an explanation?
TL;DR If bull parts of the cycle became shallower, why bear phases are almost as relentless as two cycle ago?
maybe because "we will tame Bitcoin"....
November 19, 2022, 04:01:20 PM
November 19, 2022, 03:48:11 PM
Whatever the ultimate bottom is, I expect "only" 5-10X in the next cycle (from the bottom).
Why? Prior cycles:
$2 bottom, then $1160 top or 580X
$175 bottom, then $19780 top or 113X
$3100 bottom, then $68900 top or 22X
As you can see, the multiple keeps decreasing drastically (by a factor of about 5) in each consecutive cycle.
Accordingly, the next number for a top is roughly 5X of the bottom, but due to some variability, perhaps up to 10X is possible.
Currently, this would mean either $77.5K (which would be a GREAT disappointment for almost everyone) or up to, perhaps, $155K, which could be OK.
Why? Prior cycles:
$2 bottom, then $1160 top or 580X
$175 bottom, then $19780 top or 113X
$3100 bottom, then $68900 top or 22X
As you can see, the multiple keeps decreasing drastically (by a factor of about 5) in each consecutive cycle.
Accordingly, the next number for a top is roughly 5X of the bottom, but due to some variability, perhaps up to 10X is possible.
Currently, this would mean either $77.5K (which would be a GREAT disappointment for almost everyone) or up to, perhaps, $155K, which could be OK.
That would mean BTC can never exceed gold.
I doubt that this progression will be valid forever...
there is a bit of a paradox in bitcoin behavior so far.
Let me formulate it:
Bitcoin's bull stages appear to be progressively shallower from the bottom (at depicted above-from 580X to 113X to 22X), but downward plunges changed only marginally; from -94% to -87% to -84% to, currently, -77.5%. Therefore, if the trend continues and our next top is, say, 150K, then -70% down would be 45K and if only a marginal top in 80K vicinity, then $24K bottom in 2026-2027, which would be quite brutal in comparison with even the 2021 top. I don't know what to make of it. I always thought that IF bulls were to become shallower, then bears would be as well, but SO FAR, it did not really happen (at least not as much). Anyone with an explanation?
TL;DR If bull parts of the cycle became shallower, why bear phases are almost as relentless as two cycle ago?
November 19, 2022, 03:36:02 PM
Some dates:
Currently, halving is adjusted to March 22, 2024 (from original May) assuming that it stays this way (hashrate) for a while.
Pantera fund (Morehead et al) says that bottom occurs at around 477 days before halving.
Therefore, THE bottom is projected on Dec 1, 2022, but since it is so close, me might have had it already at $15.5K, or otherwise hedgies might push more for it to close the month lower.
I would be comfortable if we are at the expected $36K-40K at the halving, but suspect a bigger bump beforehand a la 2019 (maybe 49-50K).
Place your bets.
EDIT btw, Pantera just bought about $140mil in btc (a first btc fund fundraise since 2015).
https://www.trustnodes.com/2022/11/19/pantera-buys-140-million-bitcoin
Currently, halving is adjusted to March 22, 2024 (from original May) assuming that it stays this way (hashrate) for a while.
Pantera fund (Morehead et al) says that bottom occurs at around 477 days before halving.
Therefore, THE bottom is projected on Dec 1, 2022, but since it is so close, me might have had it already at $15.5K, or otherwise hedgies might push more for it to close the month lower.
I would be comfortable if we are at the expected $36K-40K at the halving, but suspect a bigger bump beforehand a la 2019 (maybe 49-50K).
Place your bets.
EDIT btw, Pantera just bought about $140mil in btc (a first btc fund fundraise since 2015).
https://www.trustnodes.com/2022/11/19/pantera-buys-140-million-bitcoin
November 19, 2022, 03:19:21 PM
Whatever the ultimate bottom is, I expect "only" 5-10X in the next cycle (from the bottom).
Why? Prior cycles:
$2 bottom, then $1160 top or 580X
$175 bottom, then $19780 top or 113X
$3100 bottom, then $68900 top or 22X
As you can see, the multiple keeps decreasing drastically (by a factor of about 5) in each consecutive cycle.
Accordingly, the next number for a top is roughly 5X of the bottom, but due to some variability, perhaps up to 10X is possible.
Currently, this would mean either $77.5K (which would be a GREAT disappointment for almost everyone) or up to, perhaps, $155K, which could be OK.
Why? Prior cycles:
$2 bottom, then $1160 top or 580X
$175 bottom, then $19780 top or 113X
$3100 bottom, then $68900 top or 22X
As you can see, the multiple keeps decreasing drastically (by a factor of about 5) in each consecutive cycle.
Accordingly, the next number for a top is roughly 5X of the bottom, but due to some variability, perhaps up to 10X is possible.
Currently, this would mean either $77.5K (which would be a GREAT disappointment for almost everyone) or up to, perhaps, $155K, which could be OK.
That would mean BTC can never exceed gold.
I doubt that this progression will be valid forever...
November 19, 2022, 03:08:45 PM
Buddy Breaker.
When $30,000?
When $30,000?
November 19, 2022, 03:01:17 PM
November 19, 2022, 02:01:17 PM
November 19, 2022, 01:01:21 PM
November 19, 2022, 12:47:36 PM
Wondering what exactly is the advice
This is in fact an advice I often use myself. Maybe why I interpret this image that way as well. I found out that by seeking ways to avoid obstacles and distractions I am making a much faster and better progress than I would of made by confronting them, even if sometimes this means I have to break rules.
-
Regards,
PrivacyG
November 19, 2022, 12:31:41 PM
Saw the President get orange pilled on #Bitcoin art
Source: https://twitter.com/stacyherbert/status/1593124733167742976?s=20&t=-UpxPcVWsCSf2FdFadVY3w
Source: https://twitter.com/stacyherbert/status/1593124733167742976?s=20&t=-UpxPcVWsCSf2FdFadVY3w
November 19, 2022, 12:09:39 PM
Wondering what exactly is the advice
I'm pretty sure it's advising you not to place yourself in a situation where you might encounter a single lady. You could start talking to her, then she becomes your girlfriend, then you get married, then she steals all your wealth. Pretty simple.
Incels will never get the financial advice anyway, because when she sees them coming, the beautiful lady will either turn around or rapidly cross the street herself.
November 19, 2022, 12:01:17 PM
November 19, 2022, 11:38:02 AM
Wondering what exactly is the advice
I'm pretty sure it's advising you not to place yourself in a situation where you might encounter a single lady. You could start talking to her, then she becomes your girlfriend, then you get married, then she steals all your wealth. Pretty simple.
Unless she has Bitcoin.
In my country, it's bad luck to walk past a fire hydrant on your right-hand side.
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