Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3596. (Read 26608219 times)

I am not exactly sure of the reference.

I know that you have been becoming increasingly smug about your own $30k to $60k assertion.. so then maybe we are aligning in the the sense that the $20ks are becoming less and less likely - and don't get me wrong, I surely would not want to prematurely suggest that we will "never" go below a certain price again even if the odds are seeming to become lower and lower that we will ever be revisiting those levels.

Even though you and I seem to differ regarding how much dry powder to keep available for possible BTC price dips (because I do believe that you personally are ongoingly holding more fiat than me in terms of percentages to prepare for down), we do likely agree that at some point, some of those lower price points start to feel more like fantasy rather than something that has realistic chances in happening.

I have some tensions in my own position too.. in terms of wanting to make sure that I always have fiat to buy on the way down.. and there have been quite a few times that my fiat levels have gotten quite low (and even nearly run out for any kind of practical purposes) - especially when I look back at the matter and I see that a lot of those instances had occurred when BTC price started to get close to the 200-week moving average... .So part of my ongoing resolution has been to attempt to make sure that I exceed my earlier preparations, and have fiat funds that go around 10% or perhaps more than that below the 200-week moving average - even if those funds might never be used to buy BTC.. and surely as the 200-week moving average continues to move up, then I can remove my buy orders (or other ways that I feel that I have held fiat in reserves) to be able to buy 10% or so below the 200-week moving average.

Another weird thing is that I have already established a practice to continue to buy all the way down, so even if the BTC price gets within 30% or so of the 200-week moving average, it is not like I have a whole hell of a lot of fiat left by that time, so it is not like I am holding piles and piles of fiat in preparation for low BTC prices that may or may not happen....

So there seems to remain some humor in the whole situation that any levels of stress can still be felt because the targets just continue to move up and up and up... and I suppose part of the objective is just to attempt to maintain a structure in which BTC does not need to be sold when the price is going down rather than when the price is going up, and to try not to give too many shits about the whole matter, and I suppose in that regard, if enough fiat is held in reserve and the BTC price starts to get anywhere close to the 200-week moving average, then monies are being spent from fiat or fiat based systems or maybe even shitcoins (not admitting to owning any significant amount of those) instead of spending from BTC during those kinds of times... even though I have already experienced several times that the BTC price is dropping on an ongoing basis and I keep buying BTC with money that is in reserves for that while at the same time some of the large fiat bills are coming due... just ongoingly strange to be in such a position and to strive to maintain such reserves in order that significant amounts of financial and psychological stresses are lessened (relatively speaking).

Explanation

Did this get posted already?  Do not see it.  Not lots of sauces, but a usually trustable one:

https://forbes.mc/article/first-african-country-adopt-bitcoin-legal-currency-central-african-republic

@JJG...and now that "influencer" bitboy keeps taking about the 20ies.
He is actually almost a perfect predictor..as long as you take everything what he says in reverse.

For sure, we really know with King Daddy, and largely we can appreciate that a vast majority of the time, King Daddy moves with the other markets - except for during the times when it does not.

I am not even sure if historically there has been any kind of an exact pattern regarding those few days (or weeks) per year that you better have had been in bitcoin , because in those kinds of times, there is a wee bit of a shift up, and then the price never ends up coming back down to prior levels - even though the BTC price could well end up correcting a lot.. it just does not end up coming back.  

Probably our most recent example would be the jump from $10k to the $60ks.. yeah we got a correction and even pretty damned BIG ones, but now, would anyone be surprised if we are never ever able to buy BTC below $20k ever again?

Similar in 2017/2018 when the BTC price correction was back down to lower $3ks - there was a lot of times (and even fairly convincing talk) that BTC prices would correct below $3k - but they never did - even though as late as March 2020 there was "almost" an instance that the wet dream of getting BTC below $3k was close to being realized - but as low as the BTC price got was $3,850 - and at some point, those ongoing fantasies for getting BTC below $3k became more widely considered as fantasies rather than something that was actually going to happen.

I can remember some earlier price points as well.. including the wishes for sub $500 BTC in early 2017 (that only got as close as about $850 in March-ish), and then the hopes for sub $100 BTC in 2015 - and any folks who got BTC in the lower $200s or even sub $200s ended up being lucky as fuck, because once BTC bounced up to $500 in November 2015, the lowest correction that happened thereafter was a brief bout with the lower $300s in November that ended up gravitating in the lower $400s for the remainder of 2015 and largely until the end of May 2016 when even sub $500 prices became no longer any event - even though, like I already mentioned, there were quite a few famous and smart peeps (including Vinny Lingham) as late as March 2017... those wishful thinking and perhaps even scamming fucks to contribute towards influencing possibly gullible folks from adequately and sufficiently preparing for UP, even during BTC price uncertain times... which are likely never really going to go away..

And even if we cannot really "ask" (as you say Toxic) BTC prices to buck other macro trends, there have been several times (some of which I already mentioned above) where UPpity shifts in BTC prices have not exactly lined up with whatever other macro happenings may have been taking place because it seems to me that the honey badger does not give too many shits about those kinds of things that might be taking place when s/he/it is ready to move - then so be it..

Maybe even reckening a few naysayers, fence sitters, shitcoin pumpeners and BTC doubters along the way.. and it surely would be nice to see some of these future fund administrators (or whatever they are called?) to get fucked up from their seeming to be playing around with bitcoin that they do not actually have... Other third parties are engaging in that kind of fractional reserve of bitcoin too.. so let them get reckt  - even if some innocent folks who are using their services (and keeping their coin on those services) will get hurt too because they did not keep a sufficient number of their bitcoin within their own possession rather than investing trust into fractional reserve systems that are not going to fare too well if there were to be a face-melting BTC move within only a 2-5x territory -

and we have surely seen those kinds of 2-5x UPpity moves in the past - and I really see little to no evidence to really convince me that bitcoin's market size happens to be TOO BIG to sustain that level of a 2-5x ant pumpening (or even more could happen with a decent amount of ease - if we really understand what bitcoin is and the level of scarcity that actually exists within its supply).. .whether such pumpenings were to happen now, 3 months from now, 1 year from now or some other timeframe that ends up giving few shits (if any?) about whatever may or may not be happening in clown world... even mediocre smart people don't really believe some of the stories that are being told in clown world, and bitcoin ends up serving as a kind of truth that does not exist in any other asset class, whether we are talking about various fiat related systems or even real property (sure real property is also manipulated, so it is still going to retain a decent amount of value if shit were to hit the fan in material senses), but there still remains a kind of level of truth in bitcoin that is likely going to end up having some resonance with folks - and even though shitcoins are pumped (and might even have some spending utility), there are a lot of folks who appreciate various shitcoins as short-term pump and dumps and lacking in soundness (as compared with bitcoin) when push comes to shove.

I don't think i was ADVOCATING buying virtual real estate, far from it.
My post was about affordability (or the lack of it) of the "real" real estate.
Overpriced flats or houses are NOT a 'real' world, it is a product of financial manipulation.
Once RE crashes to it's proper value, maybe there would be some bargains.

Additionally, the "real" world assumes that you know what is 'real'.
As Descartes noted few centuries ago, you wouldn't know if it is 'real' or you are a brain floating in the nutritious soup vs a person walking around.
Plus, it is entirely possible that human existence could become quite miserable in the "real" at some point.

As a creature with quite a few decades behind me, I too prefer "real', but this in not the way things are moving.
I find it basically inevitable that, eventually, we would digitize one way or another.
Could be 1000 years or 10000 or 100000, but at some point "virtualization" of a large % is incoming, unless we destroy ourselves beforehand.
Why virtualization:

With just 1% annual population growth, we would have 21000X more people in 1000 years.
That's 155 quadrillion (1.55X10^14) people, I checked the math thrice.
These numbers speak for themselves.

Explanation

That's typical ASD.
Most peeps think Elon is a narcissist, but he's just thinking, perceiving and acting the ASD way. He merely has a chance to adapt to social concepts like empathy, only by a "ethical modeling", but he has to reason the ethics he chooses to follow.
The narcissist, in contrast, can't ever follow ethical rules and is using empathy as a concept, in a clever way against his environment.

image facebook comment

Explanation

The supply is drying.   
There should be more dumping.   
I don't think there are any more BTCiTcoins.    

Could be TINE, TINS or TINT or probably a few others.

#haikuSunday
the world is crazy
there are times nothing makes sense
best time to stack sats




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the Sunday wall report


def seems like more down than more up at this point
tomorrow is going to be volatile in legacy markets and will likely see a continuing selloff started late in last weeks closing session

https://www.cnn.com/business/markets/premarkets

4 hour is not showing much other than extremely thin liquidity
daily showing market indecision with a spinning top candle
weekly is presenting a gravestone
a long legged doji with the price closely contested near the bottom

nothing has changed imo
I dont think bitcoin has the strength to move against the markets right now
i just dont
i wish it would...I really do...would love to see it pump back towards ath's and beyond
with the current macro economic picture....seems a big ask

find places to stack sats and DCA in    and dyor


4h


D


W

strtonghands

We can ask us a question:

Why shitcoins always pretend to be BTC?
BCash = pretends to be Bitcoin used as Cash
BSV = prentends to be Satoshi's vision
Litecoin = pretends to be fast Bitcoin

Why?

Because Shitcoins have a lack of uniqueness and use Bitcoin as a marketing strategy.  

Explanation

After drinking a few "Martini" looks like the answer to everything.

Name feels a bit shady. Maybe like "Hotel Courting" ? .. or "Cortina" (something more towards latin since it is Portugal)

 Funny, I did try narrowing it down with that exact tool!  I see three letters missing before the "rtin" and one missing after.    This means "Martini" doesn't work nor does "Zertin" but you have to start somewhere - I like the 80's signage idea.

 Nobody knows how Europe works, in fact, we have yet to discern if it works.

 I found a "Hotel Smartino" in Germany and a "Hotel Sporting" in Andorra - neither matches the hotel in the image.

 Are there more clues to come or do I have to keep making up words to search?

Please provide images of metallic simians winging their way out of the old anal orifice, muh fren
https://twitter.com/elonmusk/status/1517702987359133696