Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4490. (Read 26709532 times)

People say all kinds of dumb shit in regards to being overly specific about the future.. price/time.

Even though I understand that your point is that you want to be able to go back and ask him how his prediction is going? 

Explanation

I found a way around this, I had a bank try to fuck me and put my account into the negative 25 bucks so I told them to fuck ff and close the account and they told me they can't until I pay the balance!

Hah those fucks have been sending me statements for so many years now I've lost track.

Explanation

Explanation

Well we could be getting resistance before $100k and also before $250k.. that's true.

We might not even be able to reasonably get above $250k this year or this cycle... but like you imply this cycle does not have to happen before the end of this calendar year.. so one of the advantages of not experiencing outrageous UPwards price movements, it seems a bit harder to justify that we are necessarily going to get a hard correction...

So for example if the BTC price went shooting up to $150k by the end of the year or $250k by the 1st quarter of 2022, $500k by the 2nd quarter of 2022 or $1.5 million by the 3rd quarter of 2022..   Any  of those scenarios might be a bit too much price rise in too short of a period of time.  As you seem to be suggesting (as one of the possible less bearish ways to read your post) is that so, far we do not seem to experiencing any of those blow off top like conditions.. even if we seem to be passing somewhat slowly through noman's land (between $55k and $80k)..  

frustrating?  perhaps?

This kind of stagnation going to shake some weak hands?  perhaps?

Maybe a poll that suggest which one is coming first?   $55k or $80k?    I am not even that presumptive that $80k has to happen first - even if it does seem to be a price location in which we should not be getting too much meaningful resistance.. I might even claim victory early... like $75k - but surely I cannot claim victory at a mere $69k.. that is not quite enough in order to get meaningfully above our longer standing ATH of $64,895 and to use the UPpity fuel to at least get something closer to 25% higher than the relatively longer standing ATH rather than a peasily $69k - which is ONLY about 6.5% at most higher than our previously standing ATH of $64,895.


That does not sound like a very appealing poll topic, including that there are not too many bitcoiners who would seriously consider that to be any kind of meaningful problematic issue that needs to be addressed in some other way besides just leaving the coins... maybe we first would need to be convinced that those coins are somehow vulnerable or creating some kind of honey-pot attack vector in order to be motivated to attempt to do something about them.. and if we get over that issue, then the time issue would then come into consideration.. .


Oh gawd... another one of philipma's guarantee about how the future is going to play out - this time based on "human nature"

What a world?

What a world?

I don't know if he said that. I know people were suggesting he invest the billions he gets from selling tesla shares into bitcoin.

https://news.bitcoin.com/elon-musk-twitter-poll-decide-sell-20-billion-tesla-stock-investors-buy-bitcoin/


Bear in mind other @RelevantElon tweets aren't very serious, such as this one.

https://twitter.com/RelevantElon/status/1454198388447223808

You are going to win a lot of friends by responding by bringing up off-topic nonsense.    

We are talking about BTC here, no?  

Apparently you heard about BTC, but you value your wealth too much in dollars in order to even be able to appreciate how to use bitcoin as a long-term strategy.

Admit it.  You were wrong about at least: 1) believing that we were entering a bear market in May/June and 2) failing/refusing to buy back some or all of your BTC (assuming you even sold at $55k as you claimed to have done) (and assuming that you might have done the right thing to sell some portion of your BTC in the first place based on such a gamble)... so for sure you could have bought back some or all of your sold BTC when the BTC price had dipped 56%.

Maybe you at least have become another example of how nocoiners behave in trying to rationalize their ongoing behaviors including their unwillingness to invest in bitcoin in the long term and how their position (financially and psychologically) becomes even worse when they get stubborn about having had put their lil selfies into a nocoiner status and/or their desire to be correct about whatever actions they took to sell too much BTC too soon (or failure/refusal to buy back).


That's what she said.


Historically, bitcoin has reached 200-week moving average during bear markets (and except for in March 2020 - 200-week moving average was met), so a lot of opportunity costs to be waiting for the 200-week moving average to be met along the way, especially since it seems that we have been in a bull market since about April 2019 and we have not yet left that bull market (even if there might have been some questionable periods along the way, including the March 2020 crash and including the May/June/July 56% correction which felt somewhat extremes).

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

So for example, in March 2020 the last time that the BTC price met the 200-week moving average was around a pretty major event, and the 200-week moving average around that time was about $5,300.

Around May/June 2021 when you sold your bitcoin for $55k, the 200-week moving average was at $12k (so it was more than double of its March 2020 level)... Currently (merely 5 months later), the 200-week moving average is more than $17k (about 42% higher), and with BTC spot prices currently 3x to 4x higher than the 200-week moving average, the 200-week MA continues to be moving up relatively steeply, so you might not even be able to get BTC below your $55k selling price by the time that the BTC price drops to meet the 200-week MA.

From my perspective (which surely differs from yours), it does seem that you are going to need a decent amount of luck with your strategy of buying back your BTC sales when the spot price meets the 200-week moving average (even if you had a decently sized cushion) - and it may well not play out, even though I do NOT have doubts that some day the BTC price has good chances of meeting the 200-week moving average at some point in the coming 2-3 years.. but it is not guaranteed in that time-frame, either.. even though at the rate that the 200-week moving average is moving up at this point, in 1-2 years it could well already get above your $55k selling point... and then you have lost out by staying out of BTC for the whole time that you could have been playing long (UP) rather than down scenarios - especially while we are in the midst of what seems to be the largest wealth transfer in human history.  

Edit - 16 hours after initial post - clarified and elaborated on some of the earlier arguments contained therein

The developers do not decide the monetary policy of Bitcoin.

When did E. Musk say he was putting the billions in BTC?

Explanation

The moment a single UTXO is spent without having a proper signature is the moment Bitcoin becomes a SHITCOIN. My cold wallets are in my control, and no miner can ever detect whether they are "lost" or not.

That my friend is so naive I am laughing at you right now. Thanks for the smile.

Ha protocol vs 20 or 30 trill worth of coin just sitting .  They will force each and every wallet to show control via a small withdrawal or declare it abandoned.

Maybe the push back by developers would be a simple no like you think.  I won't live long enough to find this out.

... I already described why it will never happen and is a stupid idea that will break higher layers and put the entire protocol at risk,

... yet, you relent, we can just tell you that you're fucking idiot and laugh at you while you are alive!

Like I said I was born in 1957 and will almost certainly be dead by 2069 as 112 is not going to happen.

But if BTC is to wind out and whale and be 1 or 2 or 3 million even 10,000,000  and there are 2,000,000 in Frozen coins they will be moved or set back into circulation.

As  1,000,000 x 2,000,000 = 2,000,000,000,000 / 2 trillion to and 10 million x 2 mill = 20 trillion in coins.

No way is that staying idle for all time. 

The pressure put on them going back to recirculate will be huge. The power grid and gear used at that time will need to be fed.

Not a worry for this in 2021 or 2029 or 2039 or 2049 but by 2059 yeah if the world and btc have survived they will be big pressure for that event.

To those that disagree fine hope you live to see it not happen and come to my grave and laugh at me.

Explanation

One thing for sure..if you have bitcoin with a bank and don't touch it for 5 years, it is as good as gone.
They have a 5 year account inactivity feature.
I had one account I forgot about forfeited like that, not that I cared much, it had some very small amounts there, but this is the rule they use.

When the price moves, it tends to leave the order book a bit flat behind it. A well executed FUD dump like this can knock things back down pretty easily.