Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3441. (Read 26713152 times)

I know. Don't take it personally, nobody likes predictions like that.

Question is, when your target is reached will you buy?

Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb.

Explanation

not too far from 200WMA now.

Mempool backed up a bit too.

Nasdaq futures almost down 3%. 2.7 at the moment

EDIT: futures now down 3.5%

So many questions that make my head spin.

Just recently Celsius withdrew 225k ETH from the Anchor protocol, so these losses are nothing compared to how much money they managed to save in the run-up to Tera's crash.. As far as bitcoin is concerned... I am very optimistic, at the very least, that the current decline will be an opportunity for me to buy more.

With all new technologies you always get the good and bad.
Networks failing is a good thing because it will make people look at the fundamentals.
It will cull the bad from the good. Stop the supply of new shitcoins.
Exchanges will become responsible for the coins they choose to list. They have to protect their customers and their own image...

Eth2.0 will cut supply by 90% which will add to scarcity and increase price.

MtGox coins will get absorbed by the big whales like Microstrategy if they push down the price.

Bitcoin has always been hard love. But those who just ride through the storm will find their rainbow with pot of gold.

Tether FUD again, it will never end.

Things certainly look bad, but that is usually when things turn around. So we'll see how it goes over the coming weeks. Not gonna lie 10k would be upsetting to me.

I might have to revise my UPpity numbers at some point.. even though---at this point that I am typing this post, my UPpity numbers are not seeming as immediately relevant.. .. especially since within the past 8 minutes as I am about to hit "post", we just touched $24,745 as our new local low.

There’s a lot to be pessimistic about right now in the Bitcoin market. First the UST disaster, now it seems Celsius is the next domino to fall. How far will that spread? There are rumors that Tether was invested into Celsius. Were other interest providing exchanges also exposed? Will the market be heavily dumped until these companies can afford to buy back their customer deposits? Will that trigger Saylor to sell? What about when the ETH 2.0 coins are unlocked and the mtgox coins hit the market? I’ve been saying $10K is in the near future, but seeing it play out is going to be painful.

Never used it, just said it was an option for generating yield on your BTC. I would rather wait for banks with their government/Fed guarantees for something like that but even then I probably wouldn't do it because the rates would be shit.

I was selling OTM call options, and unfortunately that has been going well. I say unfortunately because the very easy money made on that has been possible because the BTC price has been decreasing for so long. Also was only doing that on like 2% of my total holdings. holding off on that for the moment because I think strong up spikes are possible now with the amount of negative sentiment we have.

Playing the spread on futures and spot was the other option but that is a no goer trade at the moment. Never did that either.

There might be times in which starting from the top makes sense, but not the way that you framed the matter in your earlier post, which you had also made a similar point earlier.. No need to argue about it.. because it sounds like we disagree and I already made my point.. even though you are bringing up a new point, in your later response.


Weren't you using their service or some similar service (about a year or two ago) and then you came into this thread and told us that we were all dummies if we weren't earning interest on our bitcoins?

1M next month 

Majority or users (even back then) were not miners though.


100k next week

Explanation

Higher lows look like a promising reversal 

Co joining with this GYM thing

It will bounce when U.S spot ETF will be approved in a couple of weeks i guess.

Forget about retail they are broke ore lost a lot of money with shitcoins and lost trust in this market. They are struggling paying life expenses due to high inflation anyway.

They will FOMO when corn hits $150k pushing it to $200k+ but then institutional/hedge funds sharks will dump on them AGAIN, like it always goes.

Going to the gym, have a nice day!

maybe, but mining threads were as active as ever, maybe much more than today 'cause many people were mining with S7.
I think it was the last tolerable miner as far as noise at home is concerned (S9 and later had to go to a basement, a different structure or to a separate facility).

Ok?  and?  What's your point?  Another point is that trading is not a zero sum game, it can help in a lot of ways including price discovery, provides liquidity, allows for the creation of more financial tools which thereby motivates larger and larger players to get into the space.

I am trying to describe what is... and you were trying to denigrate trading and traders... but then in one of your other post you were suggesting that we all need to spend our bitcoins... Do you even know how some of those practices and preferences (or lack of preferences in your case) for various systems overlap?




We already know bitcoin is volatile.. so een you seem ot be recognizing that bitcoin provides a decent space for trading... that is if you want to trade.  

Of course trading is optional.. some people do it an others don't.  Seems like a vast majority of traders end up losing, and so in bitcoin, there are a lot more options for amateurs to learn how to trade (and probably lose when they do it, unless they error on the side of accumulating their lil precious... but sure there are a variety of ways to engage in trading too. as I already mentioned.. and likely no need to go into details, except to acknowledge that it exists and that it is likely not a zero sum game and people have choices how much to engage in trading and how to do it, if they do end up doing it.


It seems that I already addressed this in regards to presumptions that we might have and then also in terms of how far we might project out our planning in accordance with our presumptions.  How much does it matter whether we might be correct at this time about something that might happen 150 years into the future?



And?  Relevance?

What does that get you?



Yes .. we live in interesting times, currently... for sure.  I doubt that your street surveys are doing you much if any better than other persons who are observing these kinds of inflation matters in their own lives.



It appears that you are reacting to my "goofball" reference.. hahahahaha  You're no fun.. but already knew that.  

A lot of us who have been investing in bitcoin by buying, accumulating and HODLing in the neighborhood of one cycle (referring to each cycle as 4 years-ish) or longer have likely profited quite stupendously in terms of our decision(s) to hedge with bitcoin, and likely the more aggressive ones had benefited more than others who were less aggressive.  Surely there may well be some folks in the fiat world who had been able to hedge decently well with their investments in certain stocks an d perhaps property investments, but as an asset class that has been generally open and available to anyone - even with lower level budgets, those who have chosen to invest decently aggressively in bitcoin including buying, accumulating and hodling.. have done decently well, relatively speaking.

Trading and fucking around with margin can end up being another story that likely would have left those involved in bitcoin with potentially shitty positions, and many of the more regular guys that participate in this thread do not recommend fucking around with very much trading or playing around with margin unless its a relatively small part of their BTC holdings.. so there is a kind of seemingly widespread practice that most of us here tend to emphasize buying accumulating and holding rather than trading or fucking around with margin...

So then the level of comfort that some of us regular WO members might have in regards to our bitcoin position might mostly have to do with how long we have been into bitcoin rather than other factors.. Of course, some folks might have had better cashflows than others to start with or some might have been able to transfer more value into bitcoin from the start of their investing into bitcoin, but those guys might be older too.. I surely cannot speak for the specific situations of too many others.. just to get some ideas of the variance that does exist with various regular participants in this thread.

But if you want to suggest that my Bitcoin position might have some goofball tendencies, then you might need to point that out a wee bit moar better in term  of specifics in terms of "what you talkin bout Willis?"



Ok?  So what are we arguing about?  I al ready made my various points, and you are not really raising anything new or contrary to my points at this time.


There you go with your hyperbole, again.. "perfectly well," right?  

It seemed at one point you were making arguments that fail and refuse to account for Greshams law.. when you are trying to suggest that we need to spend our bitcoins blah blah blah.

Gresham's law can apply to anything of value, and of course, if something is not liquid then it is difficult to spend... but merely because something is more liquid than something else does not cause us to have to spend the more liquid good/currency first.

For example, you know as well as me that with bitcoin, there could be circumstances in which some of us might hold our bitcoins in a very difficult to liquidate kind of way.. and if we are projecting out our cashflows, we might realize that we might need to sell some of our bitcoin in order to make sure that we can cover our various expenses... so in that regard, we may well be considering in advance what kinds of assets/currencies we hold and which ones we might want to convert into a more liquid form - including our considering Gresham Law ideas during such thought process about what to do and how to hold assets/currencies and how much to hold in each category..


We have made our points regarding this, and it seems to me that you are creating a false dichotomy.. and I already told yhou to do what you like, even if you seem to be arguing with yourself in terms of baloney premises in tterms of the way you framed the question.



That's a way to get out of it.. hahahah..

NOt that I want to talk about it anyway.. you are the one who seems to have a hard-on for that fantasy framing of the matter...



Oh?  That explanation helps....




not.




 


Don't faint.. You might mess up your nail polish.

Bitcoin wasn’t dead.  It was merely expressing its divine displeasure at Hearn/XT.  (Not-early 2015.)

Fork Wars caused crashes in 2015 and 2018.  Thinking about POS, and Evil Hat(TM) economic attacks...

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I guess it was nice of them to give their coins to you.