Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 341. (Read 26497195 times)

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.

Well the feds got a crash but maybe not enough. This will be a fun week.

Heck the dems can now say Trump is a moron for wanting BTC look how it crashed.

They can't buy until tomorrow (not trading during the weekend), but I agree re opportunity.
I don't have a target..it would depend on the calamity the markets are pricing in.
In 2020 we halved. So far, I don't see anything of that magnitude on the horizon.
That said, we started the year at 42.
S&P is not even down 10% from the highs, but we are already 27% down from ATH.
If S&P drops closer to 20%, Jerome cuts 50bp BEFORE September.

TL;DR A strange cycle

I wonder if ETF’s buying the DIP

This would be an excellent opportunity imo.

Me too

Yah but I let it ride all in Dogecoin

Don't worry, I'll roast myself, or at least ask Grok to roast me, now that I have access to it:



How's a clown going to cause a marathon disaster? Would make for a great news headline.

Explanation
Chartbuddy thanks talkimg.com

Possible, sure. I’m really hoping this latest dip is the worst of it though. The next major support level below $50K is at $40K as far as I can tell, so we should all be hoping that $53K holds. The volume spike on this last dip is enough to call a bottom if you ask me, but at some point something is going to have to change the market direction to up.

Japanese markets are melting down now.

https://www.zerohedge.com/markets/japanic-monday-japanese-bonds-stocks-halted-after-plunging-bear-market-everything-crashes

I hope ol' Jerome is getting the $$$$ printer warmed up.

...and..what are your 2c?
you can reply with a song  

They will either go up, go down or stay the same.

Financial advice in a nutshell.
People actually pay for that too.

I wonder what regular markets would do tomorrow?
Nas futures are down "just" 2.4%.
Bitcoin always prices in whatever calamity is coming first, S&P follows.
Check out March 2020.

well I wonder sub 50k possible?

It's in the Ethereum scam market that the whales are playing the PnD game.

Bitcoin is just a leverage tool to help play it with.

You guys know that, right?

Explanation
Chartbuddy thanks talkimg.com