Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3666. (Read 26730852 times)

Hah. I hadn't even visited that clip when I made my comment. I was just being facetious.

Looks like one of those "Bitcoin was invented by the feds" conspiracy guys. If he knew, he would say, not tease. 100% bullshitter.

Wow.

I had never heard of Dan Peña prior to watching that above-linked video clip.

Many times historically, we have heard that kind of supposed insider knowledge, and when they are talking about 100% scenarios based on supposed "insider knowledge" that they have without really providing much justification, most of us should realize that those kinds of guys are full of shit.....

I mean we should try not to let those kinds of statements affect us, even subconsciously - even though I know that lot's of people buy into a variety of bullshit proclamations that they know not to be true.. and yeah, it can be quite difficult to stop things from affecting us subconsciously.

Another thing that those kinds of seemingly desperate statements tell me involves showing a kind of scaredness that comes from making those kind of high conviction proclamations.

Hopefully, Peña will let us know who invented bitcoin.. I would like to know.. even though it should not matter... but if Peña knows, he may as well tell us... so we can rip off the bandaid.. rather than continuing to keep such supposed important/material information secret.. and then we can figure out how Peña would have known such information.. and how such secret had been kept from the public for the past 10-13.5 years, while many inquiring minds had seemed to have had wanted to know that kind of information.. especially if it were going to affect the price/value of bitcoin (supposedly negatively affect).. but no one really has convinced others that they know such information or that even if they were to know such information that disclosure of such information would matter in regards to the bitcoin price/value.

I guess we are on our way to test the previous low again..

Does anyone have the email address for the manager of Bitcoin? I want to ask him to stop selling at a discount.

Explanation

Well?  Coincidentally, perhaps?  $55k to $82k would have been the approximate price range of our last deadman's zone in late 2021 when we had gotten up into the $60ks the second time around (prior time being in March/April 2021).

Accordingly, we cannot really know exactly what would seem to be a new appropriate deadman's zone in the event that the BTC price starts going up, and a few months ago, I was speculating that such deadman's zone would be in the $62k to $92k arena. but it could be the case that merely getting BTC prices into the mid-$50ks could be enough to trigger both a testing and a passing through of our current ATH.. which would also justify some significant amount of an overshoot.

Personally, I have some difficulties considering that any overshoot past our current $69k ATH would not end up experiencing some resistance before getting above $100k - so that is part of the reason to consider a price below $100k (such as $92k) as the top of the deadman's zone seems to currently exist.. in the event that the BTC price can get above a variety of resistance points on the way up...

and yeah, right now, it does not even seem very topical or directly relevant to be getting into too many details regarding UPpity scenarios because it seems that we have to get out of our current range first... and surely, guys are considering our level of stuckedness in differing ways..and no problem with that...

For sure, stuckedness should be considered in terms of both quantity of BTC price movement and how long it might take to move to certain price points.

It seems that I had already suggested that the better of scenarios would be to get back above $35k and perhaps thereafter getting sustainably above $42k-ish in the coming couple of months... and I had also suggested that it is not really unreasonable, at this point to find ourselves unable to either proclaim the bearmarket (or the sideways - aka consolidation) to be over for another 5 months or perhaps even longer.. I hate to outline scenarios more bearish than that, even though more bearish scenarios could be imagined.. while at the same time.. I would rather respond to other members painting such scenarios than my own painting of such scenarios, and surely there can be some advantage to keep prices painfully in the sub $30ks.. but still not breaking down.. and then at some point, we may well end up getting some further building of buying support that helps to at least get back into Upwards movements rather than further down.. if such a thing might be attempted by bears with meaningful resolve in the coming days/weeks.

LOL
Def. a Satoshi Billionaire

This guy reeks of being one of those youtubers posing as a rich guy, in order to lure in people to invest their money in his "fund".

Even Tai Lopez did a better job tbh 

In the whole balance of things, I consider myself a P. Mccormack fan - even though for sure there is some weirdness about some of his ways - but overall I consider him to be a pretty good interview most of the time, even though he has been criticized for being too dumb sometimes or too wishy-washy.. but he has remained quite a bit of a work-horse in terms of consistently putting out podcast episodes and he has had some pretty amazing guests (and discussions) through the years including some of his drama queen stuff - in which he has admitted to going down some of the drama/attention whore routes on purpose..   I probably have listened to nearly all of his audio podcast episodes since 2017-ish.. or whenever I first heard about him.  
 
Link to Peter's podcast home page.

https://www.whatbitcoindid.com/

Here's another way of listening to his podcast - through Overcast:

https://overcast.fm/+LCsEhdiRU


It could be that Peter is better in the audio only format - even though there is nothing really wrong with how he looks, but surely some of his facial expressions come off as weird from time to time in that particular El Salvador "documentary".. and probably those are the kinds of reactions that regular people have in the real world.. but maybe post production will edit those kinds of expressions out of the more "professional" video presentations.  Perhaps? perhaps?  

In my own listening to podcasts, it is pretty rare that I watch actual videos rather than just listening to the audio presentations.. and probably the vast majority of video presentation exposure that I get comes through this thread or other links that I might come across through this forum... otherwise I tend to find audio format to be a bit more practical for my own ability to listen while I am working, driving, walking or exercising.


By the way, in regards to the Bukele interview, Peter said that he fucked up the first interview, but he was going to go back and ask the tough questions.. blah blah blah.. so it was a bit ironic that his second interview came off as being worse (from my perspective) than the first, in spite of his own self-direction to do better.. hahahahaha
 

I doubt that we are getting very far with our discussions about dictator versus democracy.. but surely there can be trade offs in terms of potentially getting things done - and the extent to which possible enlightened leaders would end up benefiting the folks more or if it is better to ensure that decisions and even execution is spread out a bit more....  

Personally, it seems to me that we could get quite led astray by trying to get caught up too much into various politics - and surely we can have opinions about whether some individuals might be wielding too much power or if they might be instituting  policies in self-serving ways, rather than making sure that they are fairly accounting for various deficiencies in their communities.
 

I don't know how much Michael Moore would be a great comparison, but surely I believe that I do get at least part of your point that sometimes journalists can get involved in their own  contradictions when they are pointing out contradictions that exist in society in regards to various policies and practices and the impacts of various policies and practices, and surely each of us have to attempt to figure out how much we might buy into any kind of framework that might be presented to us through journalists, and I doubt that it is bad when journalists might attempt to take a moral stance - and surely the extent to which they might present their view as objectively correct or not is going to vary too in terms of the medium in which they present their story and maybe the extent to which they might have others helping them to figure out the extent to filter or not.

still kind of waiting for it... do you have an eta?? 

Explanation

Great, got some pretty low buy orders  

EDIT: Got hit already, adding some a lil lower.

Ah... buying, no.  That's nothing.  They can do that easily.  Implementing a country wide payment system... that's what I was talking about.  But I do think this will light a fire under SOME of them to start buying... especially now that the downside is so reduced.  i hope.


This was actually better than I expect it to be.  Totally knew what he sounded like the moment I saw him, but even with all the hype, interesting stuff...  And what an odd format a live phone looking shot?  Strange.

That said... we are testing that low range again this morning.   Ugh.

But does it tho? Those Central Banks buy and sell tens of billions worth of assets every single day. Buying a few billion worth of btc is as easy as a click of a mouse.

Bukele literally buys btc from his phone with a few clicks.

I'm not buying the whole "It would take us a long time and a lot of consideration to properly invest in bitcoin" BS narrative.

Considering all the other things we are seeing.  The current administration is acting in concert with foreign powers to strangle the US on almost every front.  I am surprised that you of all folks would not see the conspiracy angle here.  If they crash it all then they get to "build back better".  Get enough starving babies, etc?  And things like UBI and the like are a soft sell.

The boomers have too much... could be time to take it away?  I gotta say I like your other theory better... that the markets will never stop going up, but...

I have felt the same.  And as was mentioned some folks are probably dipping their toes in hoping the IMF won't call their bluff.  But at the same time it seems almost impossible for at least a HANDFUL of these countries are not getting in.  How long will that take?  Not sure. Seems like a fairly large scale project.

But part of the point is Bukele and his country have done so much of the legwork already.  I imagine deals being made to use software, etc.  The way he rolls I would almost not be surprised if he gave away some of the tech they developed.  He SHOULD, as getting other countries on board here is a big deal.

The silence from the western media is possibly the most telling thing.

This is a threat to the system, for sure.

I still worry for Bukele...  he has a  pretty big target on him at this point.

Unless the Fed's chair Powell truly does want the stonk market to implode, he needs to shut the fk up.

S&P 500 needs to bounce away from 3837 or he will likely see that.

The only reason he would want to induce that if he and all the big WS players (*cough* all his buddies *cough*) are short this market.

Same, I think.

Explanation