Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4031. (Read 26713285 times)

You seem to be saying something similar to me, at least in terms of not really knowing which way the BTC price is going to go based on the data.. and in that regard, a certain amount of time above certain price thresholds is needed to gain confidence... I currently consider that to be around $46k.. but that is surely a kind of SOMA approximation from my perspective about how far away the BTC price is getting above the current $32,951 bottom... and for sure, even if the odds that the bottom being in goes from 45% to 70% (and I would not claim that the odds are going that high but maybe instead from 45% to 54% or something like that), there would still be 30% odds that the bottom ends up NOT being in, even though pretty damned high levels of confidence had been achieved by going and staying above $46k (for example) for a day...

In other words, the lower odd scenarios should never be completely ruled out, even when they start to get low in terms of percentages, yet at the same time, I do not spend a whole hell of a lot of my brainpower or finances preparing for scenarios that I perceive to be less than 10% odds, and some diptwats seem to be spending considerable time preparing for scenarios that seem to have less than 2% odds from my perspective and I presume that they are assigning higher odds to such scenarios that I consider to be highly unlikely otherwise those people are even harder to relate to and from my perspective seemingly more detached from reality than what is reasonable.

Wasn't there a separate thread for all the COViD discussions.....

ot~> http://coinye.net/ back live! #KANYE2024

#BITCOIN is funding the truckers love fest =D freeeeeeeeeeeeeeeeeeeeeee

Even if Ratimov's chart is showing a resistance around $44k.. we have already been to $44k and even $45k.. and we were almost to $46k...

Personally, I believe that there is a need to both break above $46k and to stay above for around 1 day or longer... and that does not confirm that we are returning to the bull run, but instead that the bottom of $32,951 is likely in...

Personally, I believe it is better to approach these matters way more conservatively than to go from questions about whether the bottom is in to questions regarding the bullrun returning - which surely those may end up being largely very similar results that are achieved by passing above certain BTC price thresholds.

Surely I do not want to proclaim to knowing very much at all about where the BTC price going to go with any kind of level of certainty or confidence, but I still think that there is some value in both reaching certain higher levels of certainty.. even if the higher levels of certainty do not end up playing out.

Under current BTC price dynamics, I would sum up the matter something like this (even Biodom - either a nemisis or a copy cat - has said very similar things):

1) getting above $46k for a day or longer (and sure there might be some other price thresholds in there too?) allows for higher levels of certainty that the $32,951 bottom is in

2) something like $46k to $52k is a kind of "it can go either way" territory

3) $52k to $62k will grant higher levels of confidence that we are going to be challenging resistance on the way UP rather than challenging support on the way DOWN

4) Getting above $62k largely puts us back into noman's land in which something like $92k has high odds of being reached.. so the current $69k ATH falls within this area as a kind of "pass through" price.

Surely, none of these are guaranteed, and there is some product of the passage of time that could well cause reconsiderations of the above stated BTC price ranges, their significance and likelihoods of large corrections along the way..

Many of us know that even though it happens from time to time, rarely do we go straight up, but of course, getting momentum does become helpful for whether we seem to be heading up or down.. and passing certain BTC price points can increase sentiments that momentum exists and might even become a kind of self-fulfilling prophecy once it is recognized as an actual thing that exists.

Explanation

I think the west is waking up to the other edge of the 2 edged sword of labeling your enemy a terrorist.

My own country absolutely overreached in holding people prisoner without a trial regarding the 1/6 demonstrations (and idiotic actions too).  I think the people who trespassed at the capital should have been prosecuted.  But similarly the demonstration was primarily peaceful, and some of those who organized it came under ridiculous scrutiny. 

I think of "Brandon Straka".  He was a democrat that started the "Walk Away" movement in the US, and his life was abslutely wrecked in the wake of the 1/6 events.

But a large number of us have awakened to the fact that after a summer of cities on fire, and many deaths in protests that were for different reasons seeing this framing for those who acted out on 1/6 is DEEPLY disturbing.

Particularly when you go past the surface and see that the summers protests were organized (palates of bricks showing up on street corners), and 1/6 was infiltrated by spooks.

What is happening in western democracies is EXTREMELY important, and as I said, I am proud that the good people of Canada are doing what their charter allows them.  I wish them God Speed.

Naw, let's all support forced mandates so some of them can end up like this poor fellow from Ontario. Young and healthy at age 34, I'm 40,000% sure that Covid would have never killed him. A mild flu he would have gotten over in a few days at most. He never even tested positive for Covid, but was fully vaxxed. And now his poor wife has no one to blame and no one to sue.

https://dcweekly.org/2022/02/14/what-fcking-research-we-are-the-fcking-research-grieving-widow-goes-off-on-social-media-after-husband-died-with-myocarditis/
https://www.instagram.com/p/CZ5hk96sp8N/

The protesters are protesting a single thing.  "Go Home" is not the answer they are looking for.   They are asking that vaccine mandates be dropped.  Framing them as something other than free Canadians who have a right under their own charter to protest is disingenuous. 

And all the rhetoric about them being "White Supremacists, and Terrorists, and Confederates" (LOL!) is so transparent at this point it's hard to believe ANYONE is falling for it... but evidently some are?  And I think out of the tens of thousands of protesters find some guns might happen, but from all the live reports I have seen these protesters are peaceful.

75% of Canada approves of what the Trudeau administration is doing?  God, I hope not.

I agree with your sentiments, though it starts to look like said nutjob is just running the best adoption campaign ever.
Why spend millions on a superbowl ad if you can reach even more people by demonstrating what unconfiscable money truely means.

Though it is a shame, I seriously considered moving to some remote place in Canada (something with a lake or even a small island), but that's not the Canada I visited in the 90s anymore and it's definitely off the table until they demonstrate being a democracy respecting their own laws.

I do hope this backfires on him and his comrades heavily.

Explanation

Absolutely true.  Can't say anything without someone saying you are abusing them.

No sense of unity much like the tower of Babel we are being spilt off one another.

I remember finding out that the word "oriental" was considered  an insult by many people.

So I had to add a new word to the list of what not to say.
The List is really fucking long now.

oh well

I guess that is how the world is.

Fidelity International launched a bitcoin exchange-traded product in Europe to meet increased demand from institutions.

https://bitcoinmagazine.com/business/fidelity-international-launches-bitcoin-etp-in-europe

Justin Castro 'Trudeau' ordered banks to freeze the bank accounts of protesters.

Insurance companies were ordered to cancel the car or truck insurance policies of protesters.

Protesters are not allowed to use any cryptocurrency as that now falls under "Terrorist Financing" rules.

The tyrant does not need any court orders as he declared a State of Emergency and showed his true colors.

Under the State of Emergency act, the government can arrest and detain anyone without trial.

He is forcing mandates on the people to take an experimental drug with no clinical trial data, with proven lethal or serious lifelong side effects and with zero legal repercussions, for what at this point amounts to a fucking cold (provided you even get infected at all). And being vaxxed spreads the virus even more.

All Canadians who support him on this are complicit in supporting tyranny. This is wrong and insane, and they should know that.

Goodbye personal liberty and freedom in Canada. When internment camps?

At the risk of sounding pedantic, the polarity-shifting and meaning of left/right has been in flux so much over the last two decades, I'm not sure it's fair to state fascism is limited to the right wing, moving forward.

We are living in clown world now, unfortunately.

Language is being redefined in near-realtime.

Nah, Bitcoin is like Toyota. If "terrorists" use it, it must be really good.

Explanation

"I am hoping that we see the police and military eventually defend the population gathered in the streets of Ontario rather than follow unrighteous commands from a leader who has clearly lost his countries heart."

that's delusional.  all parties asked the protestors to go home.  also, fuck em (says 3/4 of canada)
edit: nice little stash from protestors at one of the border crossings.  Restrictions are ending, time to end the economic blockade and reopen the car plants.  take credit if ya want

I also hope that we all can see a high bitcoin price and maybe reach a new ATH, but as we know right now the global market is in an uncertain condition, an increase in inflation that might happen, the Russian invasion of Ukraine which might also affect the market global, thus making many stock prices begin to fall, is it possible that bitcoin will also experience the same thing in your opinion?
I personally am not someone who is an expert in analyzing bitcoin prices, but when I see you summarize all the possibilities like your post above, to be honest I really want to enter the market at this time, but I am afraid that later I will be trapped in high prices if the price declines suddenly, what do you think is the support level price for the bitcoin price for now?