Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3300.

Hamza2424

legendary

Activity: 966

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#SWGT CERTIK Audited

Quote from: Torque on July 04, 2022, 08:12:59 AM

Oh, you noticed that too?

Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.

So they pose as bull maxis now: "A wolf in sheep's clothing." Wink

Bear Troll ?
No Dear Torque what actually point is now all Bulls we have sceen can't help us in this situation
What you think having a new one

Well Lets consider as now we need new breed to Make BTC 100k+ to prove potential now we neeed this

Generally its Pakistan's Bull usually parched on Eid.
Aource: Facebook

eXPHorizon

full member

Activity: 1400

Merit: 133

They made me this way..

Quote from: Torque on July 04, 2022, 08:12:59 AM

Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Up and down.

cAPSLOCK

legendary

Activity: 3766

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Note the unconventional cAPITALIZATION!

Quote from: gallianooo on July 04, 2022, 07:09:40 AM

Quote from: Biodom on July 03, 2022, 07:26:53 PM

Quote from: gallianooo on July 03, 2022, 07:06:09 PM

Quote from: ivomm on July 03, 2022, 03:35:01 AM

Quote from: Biodom on July 02, 2022, 08:52:26 PM

lower bottom or not, I think of a major bounce in the next 2-8 wk, maybe even into September.
SP500 to 4300 (at least)
btc to above 28-29K (at least)
next couple of days are less clear, though.

This bear market is different and even more unpredictable than usual. For the moment it looks like any 5% increase is followed by a 15% drop. Nothing has changed since the last ATH. And this can only be explained by a massive BTCictoin spending as collateral to avoid liquidation and insolvency. Nobody knows if in the next days another fund will explode with 10K+ BTCitcoins on fire sell. For that reason most of the investors either lost interest or wait at the sidelines for the dust to settle. The so called institutional investors are hard to attract and even harder to keep when the price is 50%+ below their purchase price. Even if there is a disbelief rally to 35K+ in the coming weeks, the remaining institutional investors will sell at break even and some of the hodlers will sell something, knowing that a revisit to 20K is to be expected. If the pattern of the previous cycles is kept, the average price will gradually increase to 3x from the bottom until the end of 2024. Examples: 10K->30K, 15K->45K, 17.5->52.5K. And if there is a new ATH in 2025, it might be around only 2x from the last, i.e. 140K. This is what I think, but I might be awfully wrong in both directions, like sub 10K bottom and no new ATH in 2025, or the other extreme - a new ATH beyond 300K.

Based of the previous cycle, the increase from the bottom was 3K end of 2018 till 14K in june 2019, so almost x5 not x3.

yes, but (14/3.1)X 17.6 would be 79.5, an ATH, while in 2019 we went to roughly 70% of prior ATH.
70% of 67566 is 47.3K, a very possible number that already figured multiple times in prior discussions.
I just don't want to talk about it as a high probability target mid term. If we get there, it would be awesome, sure.

So 69k -> 17.6K -> 47K -> final bottom 9/10K -> new ATH 140K ? Roll Eyes

Honestly I think trying to measure this based on previous cycles is madness. It could do that, yes. But nothing about this "Cycle" was really all that much like any of the others. And we are in a macro environment that few have foreseen.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: cAPSLOCK on July 04, 2022, 06:10:54 AM

PS Also, you guys noticing we have really really entered that weird point in a bitcoin cycle where all these weird noobs and unknowns start showing up out of the woodwork? Certainly some are future WO members in good standing. But there are so many... seems like this happens every time.

Oh, you noticed that too?

It's not by accident.

The one thing that's changed tho, is they have a new angle.

Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.

So they pose as bull maxis now: "A wolf in sheep's clothing." Wink

Muhammad Shoaib

jr. member

Activity: 49

Merit: 7

Quote from: WatChe on July 04, 2022, 05:41:27 AM

Quote from: vapourminer on July 04, 2022, 05:08:29 AM

Quote from: xhomerx10 on July 03, 2022, 10:58:30 PM

Quote from: TrustedBitcoiner on July 03, 2022, 08:54:25 PM

Quote from: vapourminer on July 03, 2022, 07:55:17 PM

are we rich yet?

are we free yet?

are we sane?

do we want to be sane?

Do we hodl or panic sell ?

I think so you better know what to do and what not to

Still i will say

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

gallianooo

sr. member

Activity: 722

Merit: 389

Quote from: Biodom on July 03, 2022, 07:26:53 PM

Quote from: gallianooo on July 03, 2022, 07:06:09 PM

Quote from: ivomm on July 03, 2022, 03:35:01 AM

Quote from: Biodom on July 02, 2022, 08:52:26 PM

lower bottom or not, I think of a major bounce in the next 2-8 wk, maybe even into September.
SP500 to 4300 (at least)
btc to above 28-29K (at least)
next couple of days are less clear, though.

This bear market is different and even more unpredictable than usual. For the moment it looks like any 5% increase is followed by a 15% drop. Nothing has changed since the last ATH. And this can only be explained by a massive BTCictoin spending as collateral to avoid liquidation and insolvency. Nobody knows if in the next days another fund will explode with 10K+ BTCitcoins on fire sell. For that reason most of the investors either lost interest or wait at the sidelines for the dust to settle. The so called institutional investors are hard to attract and even harder to keep when the price is 50%+ below their purchase price. Even if there is a disbelief rally to 35K+ in the coming weeks, the remaining institutional investors will sell at break even and some of the hodlers will sell something, knowing that a revisit to 20K is to be expected. If the pattern of the previous cycles is kept, the average price will gradually increase to 3x from the bottom until the end of 2024. Examples: 10K->30K, 15K->45K, 17.5->52.5K. And if there is a new ATH in 2025, it might be around only 2x from the last, i.e. 140K. This is what I think, but I might be awfully wrong in both directions, like sub 10K bottom and no new ATH in 2025, or the other extreme - a new ATH beyond 300K.

Based of the previous cycle, the increase from the bottom was 3K end of 2018 till 14K in june 2019, so almost x5 not x3.

yes, but (14/3.1)X 17.6 would be 79.5, an ATH, while in 2019 we went to roughly 70% of prior ATH.
70% of 67566 is 47.3K, a very possible number that already figured multiple times in prior discussions.
I just don't want to talk about it as a high probability target mid term. If we get there, it would be awesome, sure.

So 69k -> 17.6K -> 47K -> final bottom 9/10K -> new ATH 140K ? Roll Eyes

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: xhomerx10 on July 03, 2022, 10:58:30 PM

Quote from: TrustedBitcoiner on July 03, 2022, 08:54:25 PM

Quote from: vapourminer on July 03, 2022, 07:55:17 PM

are we rich yet?

are we free yet?

are we sane?

I thought about it...

One out of three aint bad?

PS Also, you guys noticing we have really really entered that weird point in a bitcoin cycle where all these weird noobs and unknowns start showing up out of the woodwork? Certainly some are future WO members in good standing. But there are so many... seems like this happens every time.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

WatChe

hero member

Activity: 1120

Merit: 571

Quote from: vapourminer on July 04, 2022, 05:08:29 AM

Quote from: xhomerx10 on July 03, 2022, 10:58:30 PM

Quote from: TrustedBitcoiner on July 03, 2022, 08:54:25 PM

Quote from: vapourminer on July 03, 2022, 07:55:17 PM

are we rich yet?

are we free yet?

are we sane?

do we want to be sane?

Do we hodl or panic sell ?

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: xhomerx10 on July 03, 2022, 10:58:30 PM

Quote from: TrustedBitcoiner on July 03, 2022, 08:54:25 PM

Quote from: vapourminer on July 03, 2022, 07:55:17 PM

are we rich yet?

are we free yet?

are we sane?

do we want to be sane?

Cryptolove20015

member

Activity: 171

Merit: 32

RUSSIA: Central Bank to support legal Bitcoin mining if BTC is sold outside Russia. Huh

Link:https://twitter.com/BTC_Archive/status/1543888780922347521

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: Biodom on July 04, 2022, 12:04:04 AM

Quote from: ?? on ??

FUN FACT: On this day 10 years ago, #Bitcoin was $15.40.

Bitcoin expansion was similar to Universe inflation: very rapid initially, much slower later.
Example: btc "was" about 0.003 when Laslo purchased 2 pizzas for 10000 btc in 2010.
From 2010 to 2012 ($15.4) was a 5133X price expansion
From 2012 to 2022 (now) was "only" a 1240X expansion in five time longer period (10 years).

projecting: ~300X price expansion in 50 years or $5.73mil by 2072. Quite doable.

See What He Thinks,

Bitcoin is Pure Great Fools Theory

Bill Gates

https://youtube.com/shorts/CPK5XPg4Na0?feature=share

savetherainforest

hero member

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