Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4700. (Read 26608650 times)

Explanation

FTFY

good job..


hahahahaaha


Yeah... he's a big dick for sure.

you got that much right, heslo.

 


I guess I want to make a few points, bitebits.

1) Just regarding framework for the next two points, I will note that our forum registration dates are similar.., and I did get into bitcoin about three months prior to finding out about this thread.. so November 2013 for me finding out about bitcoin and February 2014 registering with the forum.. Your forum registration date is similar, but surely how much we were "into" bitcoin might have been different... By the time, I got to the forum, I had already established some BTC investment plans and I was in the midst of attempting to carry out what had been my plans up to that date.  

2) OMG!!!  I had to go to look back at the BTC price charts just to refresh my recollection regarding some of the deja vu trauma involved with those times in late 2014.   And, geez Louise, when you made that post, the BTC price had been lingering on in the upper $300s for so damned long that many of us were kind of considering that had to have been the bottom of the bottom.. but soon we found out that "no it was not."  Fuck, we had not reached the bottom yet.... And gosh the tone of your cited post is like you were receptive to lower  BTC prices in order that you could pick up some more BTC at those seemingly relatively bargain prices.   And, wow.. I am not even saying that you were wrong to think like that, because we ended up finding out, that we were going to have about a year from that time of even more bargain prices... and I will admit that I even made some decently-sized BTC purchases during that time out of the expectation that either the bottom had been reached or we were damned close to a bottom, absent some kind of spike down (which would not have seemed unreasonable)..... but even my own purchases in the upper $300s.. were not even seeming like a bargain throughout most of 2015 after we had close to another halvening of price from those upper $300s... sure the spike all the way down to the mid-$100s did not last for very long at all, because the bottom price largely ended up gravitating in the $220 arenas for a large part of 2015, yet I would still like to characterize the essence of 2015 as having a kind of mid$200s price feel to it because there was bouncing all through the price range of the $200s throughout the year and we even had our lil selfies a spike up to $317 at some point in the middle.. mid-July or so.

3) On a more personal level, regarding creating and following through with a target BTC stash, of course, the times do tend to change.. and for sure, you seem to be corroborating my claim that the 21 BTC was a reasonable and even common way of thinking about entering into having a meaningful stake in BTC in 2015 and even before 2015.. so yeah, of course, if some of us did not reach that goal to accumulate at least 21 BTC during that time, or maybe the goal was reached (or close to being reached) and then mistakes were made along the way, then with the passage of time, we would end up being forced into having to recreate our target BTC stash based on the new standards of what would have become then reasonable and practical for whatever BTC target stash that a normie would be presumably capable of trying to achieve...  As I mentioned one of my recent earlier posts, considering $300 per BTC would have allowed 21 BTC to have been accumulated with a mere $6,300 lump sum, and even if the lump sum might not have been available, a relatively aggressive $100 per week DCA around that time would have gotten a guy (or gal) damned close to reaching that 21 BTC target stash within a year.. or perhaps within 63 weeks?

So, sometimes action is required rather than just contemplating the good ideas of accumulating BTC (talking generally and not specifically about your conduct, bitebits).

Yes, we know that many normies have difficulties establishing any kind of savings or investing plan, and part of the problem remains various systemic disincentives to actually save and invest and admittedly normies do tend to get sucked into that kind of trap, so if we want to strive to be a better than average normie, we have to strive to figure out ways to save and invest in order to attempt to get out of the ratt race - and for sure, BTC does seem to evidence itself as a vehicle that is much more capable than even various traditional investments, even though equities and property have tended to do better than cash, but even with better storage of value investments such as equities and properties, there still can be various ways that even those investments underperform or just end up NOT facilitating abilities to really be able to retain value with the passage of time and to truly remove ambitious and aspiring normies from the ratt race.

Whether I can presume that we are regular or enlightened normies, if we end up getting enlightened at a later date, then we might currently be stuck with a kind of BTC accumulation goal of 0.21 BTC rather than 21 BTC, and even that 0.21 BTC is going to cost us more than 21 BTC would have cost us in late 2014 and into most of 2015.  So at todays prices of about $44k, it will cost about $9,240 to reach the 0.21BTC, and there are some of us who have at least three times that amount already accumulated... go figure!!!!!

Explanation

https://coingape.com/breaking-dubai-world-trade-centre-takes-pro-crypto-stance-with-trading-agreement/?fbclid=IwAR2R3ZySHsOTzB0jKNUAA8JkO-suxWFZ7S5zMf4Q7gT0WeqXosCJU_akLuI

News like this have a hell of a lot of fans cheering. A stadium full!

https://twitter.com/BitcoinMagazine/status/1440701970667376643
I like to think big professional sport teams doing this lends to the pump up in the price and not a government bail out for bigger corporations being idiotic.

Not much to report on the Bitcoin price as not a lot has changed in the past couple of days (see previous TA). Price is attempting to make support at previous resistance of around $40K, where there the bulk of volume accumulation begins as well as notably the 0.5 fib retracement from local low to local high. If this level holds as support, then new ATHs don't appear to be too far away in the near future.



The 4hr picture remains similar, with a couple of extra factors taking effect. The previous upwards sloping long-term resistance turned support is again acting as local resistance. The support-trend line of the broadening wedge (from the past two weeks) may well now act as support. Similar to before, $38-40K is likely to be re-tested if price can't move above $44.5K horizontal resistance.



Price movement is otherwise playing out as expected. After a 85% move to the upside from $28K to $53K (+$25K), price has now corrected 50% of this move to the $40K levels (-$13K).


The time to sell the mid-term trend was the $50Ks in order to buy back in the $30-40K accumulation. The time to take profits as a hodler was $60Ks or never. Now it's time to buy the $38-40K support before further upside imo, while others dream of sub $30K prices again that will likely never arrive ever again. Still not feeling bearish unless $36K VPVR point of control is broken to the upside.

---

Bitcoin dominance speculation *Trigger warning*

Personally I'm continuing to ladder into this dip with altcoin profits (as have been doing between $45K and $50K), as dominance is beginning finding support at 40% with bullish divergence on Weekly time-frame:



Sub $40K and I'll be getting more aggressively taking profits back to satoshis no doubt, as the Bitcoin dominance stands a much higher chance of a dead cat bounce (dcb) towards 50-60% if Bitcoin corrects lower. That said, October is coming and looking back to 2017 saw the 9-month altcoin rally (against BTC) end with a considerable dcb before the final pump at the end of the year in December. This is therefore currently what I'm anticipating, altcoins to bleed out against Bitcoin. Either for the dominance bounce to come from re-testing accumulation zone, or otherwise more aggressively from a recovery back to $60K.

Explanation

I found the Sigh sound aplication on Android playstore

So Bitcoin is only going to be used by those who are worthy to use it?

I seriously doubt that.

 What boggles my mind is that those who fell for the ruse were already holding some bitcoin so they must have an idea how it works.  What are they thinking??  Maybe, maybe, maybe...

 The scam should at least include one of these in the transaction so people wouldn't feel totally scammed.

 



Edit: I know you all want one now.
https://mcphee.com/products/disappointed-sigh

I am all for it.  My approach is a little more conservative lol.  But I agree!

Explanation

bitcoin.org back online

I do agree with the Darwin bit.
The scam however has nothing to do with the banking aspect , but everything to do with stupidity.
Regardless of whether Bitcoin was in the custody of a bank or their own wallet, the fools falling for the scam would still have sent their Bitcoin.
The advent of hardware wallets and their ease of use, means even the least technological capable folk can secure their Bitcoin.
 
It is likely the scammers sent some of their own money to that address to make it appear more legit, so possibly nobody lost any Bitcoin. But I would not count on it. Free money who could resist!

Explanation

Lunatic would be quite ok actually. Most of the time they'd think you were a scammer trying to lure more people into their dirty pyramid scheme... 

Explanation

100% agreed!


Not necessarily. As you said, Darwin at work. Sooner or later, will prevail only those capable to be their own bank.

It's OK, all is fine. Darwin at work. Whoever owns BTC and can fall for this scam is not worthy of owning (keys of) BTC.

That's why I agree with cAPSLOCK's stance on banks. Whether we like it or not, banks are necessary, to take care of those incapable of being their own bank. I do hope this changes in the future, but somehow I don't think it ever will...