Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4994. (Read 26608261 times)

Even though you are likely correct, no need to think about that part too much until getting there.

In other words, I hope that you, Macadonian, don't sell too much too soon.. .and some people have also already decided to hold through both the UPs and the DOWNs because they are worried about tax consequences and they are also worried that they still do not have enough BTC... so for example, some relative newbies might have a goal to get to fuck you status, but they ONLY have a small number of BTC, perhaps 5 BTC or fewer.. so it takes a while to get to that fuck you status.. and then also to be in a comfortable position through the whole matter.. who wants to get to fuck you status, so for example, you have your 5 BTC, and the BTC prices go to $400k and you sell all your BTC, but then you feel uncomfortable because you have your value in fiat.. so perhaps there might be more security to sell portions of BTC at various prices and to hold a decent amount of value in BTC rather than valuing wealth in dollars and cashing out their BTC.. even though if they are able to time the top, it could be an o.k. thing to cash out some with an expectation of buying back.. but people are worried about playing around with too much of their BTC stack in that kind of selling off too much of it, even if it might be the top for the cycle.


We have not gotten past the current poll yet.

Should that current poll be abandoned?

I would say that if the current poll ends up being correct to the upside, then it becomes quite likely for new ATH soon thereafter.. which gosh that resolution of this particular current poll should be this calendar year to resolve the current poll, no?..    We are ONLY in early August, and the current poll should be resolving soon.. perhaps this month?

Of course, if the current poll were to resolve to the downside, then we may well end in a doosey of a year with a lot more shaking of weak hands and even purgenings of quite a bit more froth in other cryptos too.. but to me, it does not seem that the purgenings are necessary.. or even should be greatly likely.. but none of us can really know how some of this could play out in terms of if DOWN ended up coming before UP..... no one likes for 14 year olds or even techies to get free money and to get rich quick, but I am not sure who holds more power here in terms of bitcoin power to continue to cause the gravitation UP, and we know that the shitcoiners are likely hanging on the apron strings the whole time..

So I am not going to say that I know anything (nuttin) in terms of short-term, even though I am still thinking that the odds are that the current poll has better odds of resolving UPpity rather than DOWNity. .but even two weeks ago we were getting close to resolving DOWNity.. so if we get back into the lower $30ks again, how are we going to feel?  We might feel that the current poll is gaining greater odds of resolving DOWNity.. so gosh, don't we need to cross one bridge before pee paring our lil selfies for the next one.. and yeah of course, we should always be prepared for UPpity.. so I am not saying that.. but we do have to get passed one point to more clearly know the answer to the next point.. especially if we are talking in smaller timeframe intervals. .

Explanation

I've come to the conclusion that when people talk to me about crypto, they are looking for validation, not illumination.

Population 6.5 million. So it would take quite a lot to affect politics there. Perhaps somewhere smaller might be better.

I am having trouble understanding why you are tending to put various BTC price prediction models in categories as if it has to be one model or another and they are independent from one another... when the fact of the matter is more likely that bitcoin gives few shits about price prediction models.. even if some will have more tendencies to be on track than others... anyhow...

Part of the exponential s-curve adoption theory remains that it may well be difficult to appreciate or understand while in the midst of it, and even if it is happening for several cycles, it might be difficult to see or appreciate the ongoing upward price pressures, even though it is in the midst of happening, along with 50% to 85% price corrections in the midst of it all.

In other words, stock to flow, 4-year fractal and exponential s-curve adoption can all be happening at the same time and putting ongoing UPpity price pressures upon our wwwwweeeeeeeeeee king daddy... even while continuing to have decently severe price corrections along the way..

Yeah sure, severe price corrections for those who had gotten into BTC at the end of the latest price surge, but not necessarily severe at all for the longer term holders.. We have seen time and time again that a 85% price correction can happen and end up still 3x to 10x in profits merely from the lower arena of the earlier price cycle.. and sure maybe 85% corrections will become way less likely in the future and maybe we ONLY get to 70% price correction or whatever, but who cares?  the volatility becomes less and less over time, but when we are in the midst of all of it and still in the relatively early stages of BTC's adoption (even while peeps are claiming that BTC is mature and well adopted, and blah blah blah), there is no need to completely discount those decently strong BTC price corrections from discontinuing in occurring, even if they may well suddenly become a thing of the past (and less severe).

Better get some BTC now, cAPSLOCK.. you bear.. in case it might catch on.  


 


Whether you have heart problems or not, doctors start looking for reasons to put peeps on statins in their 40s, and water pills in their 60s.. and sure we cannot forget about some of the diabetes medicines and considerations that may well end up throwing off some hydration matters... and furthermore, salt restrictions come pretty early too.. perhaps too early, and if there is some kind of health issue, there become more and more medical concerns that are expressed so some people concern themselves a quite a bit about water retention and may well end up inadvertently dehydrating their lil selfies.


Nice mix of topics, and surely we know that peeps asking about various shitcoins may well be in a kind of state of delusion.. what the fuck, a pretty damned decent friend of mine, who I had been telling about bitcoin since 2014-ish and she finally said that she was considering researching the matter and taking my DCA advices.. and she said that she can appreciate that she would not be in such a bad position right now (financially) if she had followed a fairly modest version of my advice back then (not that I like to characterize my various insistences as "giving advice").  I sent her some quasi-beginner articles to look at, and her first question before even reading one article was "what about Cardano?"  what do I think about that?  Oh gawd.,. she needs to drink some water too... fuck..

Explanation

Inject this optimism into my VEINS vapourminer

I guess that we see from 2013 that there were two times that BTC prices went into the red zone in 2013, but still the first time did not cause the longer term BTC price correction (or an end of that particular bullmarket at that time), but surely, we only got about a 5x from the second half of the 2013 bullrun.. the first half of the 2013 run was something approaching 20x.. and the total of 2013 was 100x-ish..

It seems to me that 2013 threw off a lot of folks, and even distracted from the idea of the presence of a 4-year fractal in bitcoinlandia.

We also know and appreciate that there are a lot of ways that BTC prices can diverge from various price prediction models, and in that regard, the various BTC price prediction models are largely guides rather than absolutes, and sure they are meant to be broken (that is if you can, you bear twats?) ...

Part of the reasons to not panic when you believe that various BTC price prediction models might be broken or are appearing to be broken would be appreciating that there remain goals to assist you in your getting to a loss of belief in bitcoin, so you will shed some or all of your bitcoin at a time that is not be of your own choosing - especially if you were not in a somewhat emotional state of looking at the matter.. it is much more difficult to get longer term bitcoiners to be emotional about their bitcoin, but surely it is not impossible, especially if they have failed/refused to shave off reasonable amounts of BTC at various points on the way up.


I don't really disagree with the overall idea of this thread, which just refers a decent possibility that we are going UPpity from here, but we also have to keep in mind that we are not in December 2020 anymore, Dorothy.

Remember December 2020 was first breaking through our previous ATH of $19,666 and thereafter experiencing month after month of new ATH - (5 in a row) including causing some peeps to wrongly conclude that we were going to get a new ATH every month for 2021... and we found that to NOT be true (and I am digressing, I know)...

but what I am saying is that the dynamic of bitcoin is one thing when it is breaking through a previous ATH (that was standing for about 3 years) as compared with when it is getting back to one that may be 5-6 months - depending on when we get there. Remember we were last at an ATH in mid April.. so we are already 4 months out from that.

So in reality our pattern location could be closer to 2013.. .even though 2013 was a whole other beast, too. .in terms of the severity of the drop that went more than 70% almost right away and then got stuck in the duldrums for more than 6 months..with even greater drops but way the hell less adoption or variety of the kinds of investors or even the financial tools available for players on both sides to attempt to play the BTC price in their favor (successful or not).. but even given so many of the differences, we still seem quite likely to find ourselves in previous patterns.. especially with the passage of time and the zooming out and the overlaying of charts that ends up showing similarities that might be hard to see when we are in the middle of them.. even while a lot of us long timers do tend to have pretty decent ideas where this is going, even while there are periods of doubt and the nocoiners, precoiners, fence sitters and understocked newbies continue to be wowed as fuck regarding how bitcoin could continue to go UPpity in spite of all the x, y z and other baloney and largely irrelevant considerations that nocoiners, precoiners , fence sitters and understocked newbies tend to take into account in order to fail and refuse to meaningfully and adequately pee pare their lil selfies for UPpity.

a glimpse of something nice for a change 

Explanation

a mere doubling from the current price? and months to do so? i would be (moderately) surprised if it didnt honestly.

Your overall point was not a bad one, and at least you were able to clarify...

Of course, there is a balance with any kind of even giving attention to disingenuine, shilling, scammer posters like eXPHorizon, and guys here have differing opinions regarding whether they should just be completely ignored, and for sure, I do not subscribe to that philosophy, but of course, any kind of response does become dangerous if you seem to be going along with their nonsense in any kind of way rather than denigrating it, rebutting it or clarifying why it is wrong or looney.


For example the below post:  Should this be ignored or rebutted?  or maybe clarified?


Truly this is baloney, and I did not put Victorycoin up to spouting out such nonsense.  Also, I doubt that it is necessary to elaborate at this point, except perhaps to say that there cannot really be anyone that is more right than anyone else when it comes to pointing out matters that come from an individual perspective... so in order to have quality back and forth discussion, there needs to be some sharing of perspectives, which inevitably are going to differ from one person/bot to another.. even if we might agree about 99% of things, there is going to be some application or viewpoint differences that inevitably come merely from the fact that we are neither the same person / bot... to the extent that a person or a bot exists on the interwebs... we are all bots on the web... (or is it cats?... I forget.... whatever)...   

Yes

Yes

All other opinions are FUD

Would love to see a poll here asking -

Do you think we’ll see another new ATH in 2021?

Yes or No?

I’m just keen to see the sentiment amongst fellow HODLERS.

Have they given a reason why they are suddenly allowed again?

People want to moan "But the price was at $64k! Now we're at $38k....ugh."

Were these people not around when btc hovered over and under $9K for what felt like forever? 11 fking months.

Now the price is 4 times that. 4X !!!

They had almost a solid year to purchase btc sub 10k. And most of them didn't do it.

Google ads for Bitcoin are no longer banned anymore.

https://www.indiabitcoin.com/mcdonalds-might-start-accepting-bitcoin-soon-bitcoinist/