Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4106. (Read 26711388 times)

https://bitcoinmagazine.com

Explanation

I would love to see 70k my reason is as follows :

I gave a guarantee that we would do 70 k by may last year.

Some guy with the initials JJG told me I was stubborn to repeat it repeatedly.

So here we are 8 or 9 months later and I am still looking for that guarantee of 70k to not be the worst prediction of all time.

So lets get over that 70k hump. It will mean the end of all the corrections that happened since I predicted that 70k.

I think your natural bullish bias (I can't blame you and completely understand) seems to be clouding your vision of general sentiment. I'm seeing a lot of peeps who were quite Bullish in August '21 now saying "it's crypto winter, buckle up for the long Bear cycle." Granted sentiment is not EVERYTHING, but it certainly a significant factor! I'm afraid we're going to see a bit lower numbers than $32,951... but I am also pretty certain that there are a lot of Dollar$ waiting to jump in at the high $20k to low $30k mark. So I expect we'll see the price retest the $28k support and find an unexpectedly strong level of new money entering in that area. Then if the right Hopium drops at the right time, we could see a sudden bounce to the low $50k's which could be enough to trigger a FOMO surge combined with a short squeeze. If not, we may drift along sideways a bit more and retest down to $24k-$25k arena. At which time I would certainly hope we'd get enough bounce to trigger a 2x daily candle leading into ano5her Bullish scenario.

So I guess if I was forced into the framenings of your specific (possibly misguided) question, my answer would be somewhere between 6&7... but I just think there are many more factors involved than your scenario allows for...  Dweeb!

How much UP movement in BTC price does it take before you personally are going to start to believe that the bottom for this particular correction is "in"?  

By the way, if you have not looked at the BTC price charts recently (out of fear, detachment or for whatever other personal reasons) our current bottom is at $32,951 - nearly 4 days ago as I type this post.

Yesterday (or was it the day before?  the days all mix together sometimes, no?), I had already provided my tentative answer to this question, but I would not mind hearing what other WO posters consider a sufficient UPpity BTC price threshold in order to start to feel a wee bit cocky that the bottom for this correction may well be "in" (sure your might want to account for time, too.. but mostly I am trying to focus on price in this here question with a kind of presumption that the threshold could get crossed in the next 1 hour to 6 months).

Here are the response options:

1) Already enough UPpity to proclaim the bottom is "in".

2) Getting above $38k for more than a few hours will be enough

3) Getting above $40k

4) Getting above $42k

5) Getting above $46k

6) Getting above $50k

7) Getting above $55k

8.) Getting above $62k

9) Getting above some other price level not listed above (and perhaps some additional criteria?)



Pray tell.  Opinions matters, especially the opinion of uie pooie (I won't even make any exceptions here.. for the sake of inclusivity.. hahahahahaha)


Edit:

Bonus question.  Am I getting to be too presumptuous regarding conditions in which the bottom might be in with my asking the above question?  

Bonus description:  I acknowledge that there are going to be some WO active members here that want to fight with presumptions of the above question, and may well not want to participate in this proposition because they are having trouble accepting any conditions in which the bottom might already be "in"


Edit 2:  After looking at a couple of responses:  I believe that if you proclaim that "we need down before up" then you are fighting the hypothetical, and this hypothetical that I present is largely presuming up and asking "how much UP" do you need to see before you can conclude that the "bottom is in"  which current bottom is already described as $32,951...

I see the tendency to fight the hypothetical, fight it...

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Hmm I am getting near 4444

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Check ...maybe this iconic screenshot has already been posted in [Save your nice merit records here] threads 

I guess so….

Didn’t saw them myself 

Am I the only one with a screenshot of El duderino_'s four sevens?

Nice find!
One might suspect this company has at least some involvement with the intelligence community.

At the same address there is a company called Bitcoin Core Code Signing Association (the links gives a warning as they seem to use a certificate for github.com):


I currently don't know what to make out of this coincidence, but I find it mildly interesting.

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The Swiss, from the best most private banking system to the worst nanny state oversight in the world in one generation.

How sad.

... Lucas Betschart is possibly a CIA asset, worked for Swiss firm Crypto AG https://en.wikipedia.org/wiki/Crypto_AG in Zug-Steinhausen before bitcoin ~2009-2013, and travelled regularly to the US, began embedding himself in cryptocurrency activities and social circles around 2013-14

Probably it is the next dip that I'm expecting to happen. I have cash prepared for this last dip. My last 20% of cash for scooping some more stuff and maybe some BTCiTcoin as well, but I'm not a big believer in BTCiTcoin gains anymore. Another 10x is meh for those like me with 2000x .... GO F^CKING BANANAS ON SH!TCOINS !!! BUY ALL THE SH!TCOINS!!! ... (before bankers do ofc.. )

... have you always been an anti-privacy gubmint snoop toady? or is that something that comes with the later years in life?