Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3429. (Read 26713421 times)
June 13, 2022, 06:45:46 PM
Ok, in all seriousness, bitcoin might make new highs someday...but it won't be in this decade, that's for sure, and when it does finally "recover", a starter home will probably cost like $4-5m. You heard it here first. Math and science. I'm calling it. Experiments over.
June 13, 2022, 06:44:54 PM
Peter Brandt is depressing....but has one valid point to consider:
in his opinion an asset that repeatedly declines more than 80% is not an investment, but speculation.
Well, 80% down from 67566.87 (highest closing vs intraday 68789.63) is $13513.
Currently, we are at about 66.7% decline from the highest closing.
So, if you subscribe to PB view, it's showtime for bitcoin to show it's mettle as an investment vehicle.
Note that I don't talk about a "store of value' because i don't think there is one, unfortunately.
I guess clean water, food, air and a powered shelter are 'stores of value', but we can't put them in a "bottle" to use when needed.
in his opinion an asset that repeatedly declines more than 80% is not an investment, but speculation.
Well, 80% down from 67566.87 (highest closing vs intraday 68789.63) is $13513.
Currently, we are at about 66.7% decline from the highest closing.
So, if you subscribe to PB view, it's showtime for bitcoin to show it's mettle as an investment vehicle.
Note that I don't talk about a "store of value' because i don't think there is one, unfortunately.
I guess clean water, food, air and a powered shelter are 'stores of value', but we can't put them in a "bottle" to use when needed.
BTC is a speculation for most buyers. Probably most avg Joes just wanna get fiat rich by it.
BTC is technically well worth as a real investment, we all know that. But as long as the market decides to treat it as a speculative asset it will deliver.
Bitcoin is a totally new asset that can fulfill many roles.
If the market wants to use it for speculation, because of properties like inelastic supply etc, it will serve as one of the best speculative assets ...just until the majority of the market understands its true implications...
Bitcoin is nothing most traders and rich investors understand within a few days. So it will take time until the market is able to really see it for what it is.
Like monkeys exploring something like a mirror for the first time in their life
June 13, 2022, 06:42:00 PM
I do wonder
Is there still a market where punks and ape and whatever being sold for millions…?
Is there still a market where punks and ape and whatever being sold for millions…?
I wonder if people who were living off of Leveraged Yield Farming income are... um... physically still alive. LOL. How do you make Yield Farming an even better idea? ADD LEVERAGE!
Yes, there are such people. Many of them are proudly self-described “degens”, so...
June 13, 2022, 06:39:57 PM
I do wonder
Is there still a market where punks and ape and whatever being sold for millions…?
Is there still a market where punks and ape and whatever being sold for millions…?
I think it's been dead for a minute, only celebs were buying some last I heard and after a few got scammed out of them it went pretty silent.. lol.
June 13, 2022, 06:39:48 PM
I just got rekt in the wick below 200 WMA. Compounding the injury, my desperate 0.01 BTC sell order executed just as the liquidator bot closed in to sell more. I was left with just over 0.03 BTC in total. I had some margin available again, so I have been trying to grab back some sats... why not, at this point. hey, I got myself over 0.04 BTC.
I think we found the whale responsible for crashing the market.
June 13, 2022, 06:38:43 PM
I do wonder
Is there still a market where punks and ape and whatever being sold for millions…?
Is there still a market where punks and ape and whatever being sold for millions…?
June 13, 2022, 06:34:40 PM
It's because I bought today (a small amount of BTC). I'm sorry. My speculations go the wrong way some 80% of the time (for a few days...).
please decide to sell, soon
As we tick below $22k as I write, I DO have to consider what you suggest.
June 13, 2022, 06:33:44 PM
Hopefully things turn around for you quickly here, thing is you never really know. I tried some margin trading back in 2016-2017 and got REKT (I even threw ~0.5BTC on 100x bitmex margin LOL) so I know the pain. Have tried staying away ever since as a coin in your own wallet is the best peace of mind you can ever have.
I just got rekt in the wick below 200 WMA. Compounding the injury, my desperate 0.01 BTC sell order executed just as the liquidator bot closed in to sell more. I was left with just over 0.03 BTC in total. I had some margin available again, so I have been trying to grab back some sats... why not, at this point. hey, I got myself over 0.04 BTC.
Just in case any newbies are still wondering whether BTC margin is a good idea..... or in case anyone else needs to feel extra-smug about the coins y’all have in your wallets... I think that my personal train wreck here is done, because it barely even matters anymore if I keep getting ground down into dust. insert curse words here. I have rainy-day funds that i refused to let be eaten by the margin account after I had thrown in so much else, so I won’t starve... I have some things I can use to rebuild... but I am very close to official nocoiner status.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
Where we are now... What we are now breaking... $22.3k last I checked.
Just in case any newbies are still wondering whether BTC margin is a good idea..... or in case anyone else needs to feel extra-smug about the coins y’all have in your wallets... I think that my personal train wreck here is done, because it barely even matters anymore if I keep getting ground down into dust. insert curse words here. I have rainy-day funds that i refused to let be eaten by the margin account after I had thrown in so much else, so I won’t starve... I have some things I can use to rebuild... but I am very close to official nocoiner status.
* death_wish crosses his fingers and prays to Divine Bitcoin that the 200 WMA line has the most solid wall of bid support in the history of all markets.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
June 13, 2022, 06:29:51 PM
I just got rekt in the wick below 200 WMA. Compounding the injury, my desperate 0.01 BTC sell order executed just as the liquidator bot closed in to sell more. I was left with just over 0.03 BTC in total. I had some margin available again, so I have been trying to grab back some sats... why not, at this point. hey, I got myself over 0.04 BTC.
Just in case any newbies are still wondering whether BTC margin is a good idea..... or in case anyone else needs to feel extra-smug about the coins y’all have in your wallets... I think that my personal train wreck here is done, because it barely even matters anymore if I keep getting ground down into dust. insert curse words here. I have rainy-day funds that i refused to let be eaten by the margin account after I had thrown in so much else, so I won’t starve... I have some things I can use to rebuild... but I am very close to official nocoiner status.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
Where we are now... What we are now breaking... $22.3k last I checked.
Just in case any newbies are still wondering whether BTC margin is a good idea..... or in case anyone else needs to feel extra-smug about the coins y’all have in your wallets... I think that my personal train wreck here is done, because it barely even matters anymore if I keep getting ground down into dust. insert curse words here. I have rainy-day funds that i refused to let be eaten by the margin account after I had thrown in so much else, so I won’t starve... I have some things I can use to rebuild... but I am very close to official nocoiner status.
* death_wish crosses his fingers and prays to Divine Bitcoin that the 200 WMA line has the most solid wall of bid support in the history of all markets.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
June 13, 2022, 06:26:36 PM
Highest inflation for forty years? Better buy some USD. Herp-derp.
June 13, 2022, 06:26:30 PM
Even with this face melting sell-off i can still remain retired.
I don't need to think about it to be a slavewager again.
I don't need to think about it to be a slavewager again.
Maybe I should not ask, but are you still ok. under $10k? or $5k?
Those might not be realistic numbers
because
we have dips in the BTC price, and we also have questions regarding how sustainable such dips might be
Ok... maybe I retract my question.. because I sound like a troll or a bitcoin naysayer.. because I think that even if we were to experience a sipke down to $14k.. it would likely not be sustainable for more than a couple of weeks at most...
So then the more practical question still might be if some BTC is sold along the way, and then we have a BTC price dip, then how long can you (or any of the other normie HODLers participating in this here thread) wait for the BTC price to go back up.. whether it is presuming to go back above the 200-week moving average, the 100 week moving average, or some other target price area?
June 13, 2022, 06:21:37 PM
It's because I bought today (a small amount of BTC). I'm sorry. My speculations go the wrong way some 80% of the time (for a few days...).
please decide to sell, soon
June 13, 2022, 06:19:38 PM
I guess, for the first time in BTC history we will touch the former cycle's ATH in the new cycle.
This will invalidate the old rule that any buyer will be in profit within less than 4 years..
'this time is different' they said... it might true, but not in a way we like.
For now it seems "they" really tamed BTC, as even the run-up this cycle was on the lower end of expectations (at least for me).
Well, since BTC tends to surprise everyone, bears and bulls alike, I wouldn't count out a 4x until years end...
June 13, 2022, 06:17:26 PM
^ Well, guess it's time to HODL that $22k in that case..
June 13, 2022, 06:16:58 PM
Well... Well....
June 13, 2022, 06:16:49 PM
Imo it’s more bigger players who are selling instead of the avg joe’s
If I see friends etc they are all HODLing and more like whatever instead of selling
Even buying some spare cash into this DIP
Also this kind of drops isn’t coming from a few 100 000’s of avg joe’s selling at the same time on the same date…..
Some peoples will stacking more coins as they had… maybe some will lose some
But I think some have great strategic moves and will come out fine with what they do, for us little peeps it’s just one of those moments we have to sit out….
One thing is for sure… avg joe’s are creating BTC maxi’s and No-coiners…. Probably nothing inbetween
If I see friends etc they are all HODLing and more like whatever instead of selling
Even buying some spare cash into this DIP
Also this kind of drops isn’t coming from a few 100 000’s of avg joe’s selling at the same time on the same date…..
Some peoples will stacking more coins as they had… maybe some will lose some
But I think some have great strategic moves and will come out fine with what they do, for us little peeps it’s just one of those moments we have to sit out….
One thing is for sure… avg joe’s are creating BTC maxi’s and No-coiners…. Probably nothing inbetween
June 13, 2022, 06:14:45 PM
* death_wish crosses his fingers and prays to Divine Bitcoin that the 200 WMA line has the most solid wall of bid support in the history of all markets.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
right here plus minus $100
June 13, 2022, 06:14:27 PM
* death_wish crosses his fingers and prays to Divine Bitcoin that the 200 WMA line has the most solid wall of bid support in the history of all markets.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
June 13, 2022, 06:14:00 PM
Peter Brandt is depressing....but has one valid point to consider:
in his opinion an asset that repeatedly declines more than 80% is not an investment, but speculation.
Well, 80% down from 67566.87 (highest closing vs intraday 68789.63) is $13513.
Currently, we are at about 66.7% decline from the highest closing.
So, if you subscribe to PB view, it's showtime for bitcoin to show it's mettle as an investment vehicle.
Note that I don't talk about a "store of value' because i don't think there is one, unfortunately.
I guess clean water, food, air and a powered shelter are 'stores of value', but we can't put them in a "bottle" to use when needed.
in his opinion an asset that repeatedly declines more than 80% is not an investment, but speculation.
Well, 80% down from 67566.87 (highest closing vs intraday 68789.63) is $13513.
Currently, we are at about 66.7% decline from the highest closing.
So, if you subscribe to PB view, it's showtime for bitcoin to show it's mettle as an investment vehicle.
Note that I don't talk about a "store of value' because i don't think there is one, unfortunately.
I guess clean water, food, air and a powered shelter are 'stores of value', but we can't put them in a "bottle" to use when needed.
June 13, 2022, 06:11:10 PM
* death_wish crosses his fingers and prays to Divine Bitcoin that the 200 WMA line has the most solid wall of bid support in the history of all markets.
Dear newbies: This is what margin does to you.
What's the exact 200 WMA price?
Jump to: