Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5238. (Read 26723314 times)

One side of the coin.

https://dailyhodl.com/2021/07/15/sharp-bitcoin-rally-to-abruptly-follow-market-retreat-according-to-crypto-analyst-heres-his-timeline/


The other side of the coin.

More Binance debaclefu.
https://cointelegraph.com/news/bitcoin-price-tumbles-to-final-support-as-trader-warns-of-24k-btc-price-target

Explanation

You sound more like a salt kinda guy. Is it time to sell the bottom?

You think?

Pepper Your Angus


Sub $30,000 today.

Me buying the dip 

Monthly price hopium.
https://cointelegraph.com/news/new-data-hints-why-bitcoin-price-action-has-spent-two-months-at-30k
*edit-Image linked was in the above article.
img]https://imgbox.com/aUsTMk8p[/img]

Explanation

hahahahaha

You are very right on this point dude....

You know there are a quite a few people who make this gamble, and gosh even if the odds were to be greater than 50/50 that we are going down before up (which I doubt that they are), I would wager that there are a whole hell of a lot of them who are betting as if the odds were way greater than 50/50.. and maybe even giving odds that are in the 80% to 90% arena (because they fail/refuse to adequately prepare for up.. and also they falsely give way too much value to fiat.. I am not saying that fiat is NOT valuable.. but assigning too high of a value to it continues to be a common mistakes of normies, bitcoin naysayers, no coiners, precoiners, shit coin pumpeners, and a lot of the other category of deluded peeps out there who fail/refuse or neglect to adequately understand bitcoin and probably even presume they understand bitcoin when the facts are likely going to prove them wrong... we will see.  We will see.).



That's called gambling.. and sure.. if do it with a small amount, such as 100 btc or less when you happen to have 10,000 BTC, then no biggie... hahahaha look at me talking BIG,.. I meant satoshis.. shit,  I keep getting the units messed up.  confusing that.....  




I can see that you (the dude) like Kylapoiss because you failed/refused to put any kind of proper disclaimer (referring to seemingly worn out #nohomo one... I proclaim that I am not even jealous, either.. he's part of your team.. I kind of understand).

I hear it often low 20’s especially hear it when where almost there, guessing lower is more easy speaking as guessing up, but it’s all just fools guessing imho

We have a more as 50% drop imho this is a larger drop with lots of consolidation and more as healthy imho, a bit sideways etc etc but not necessarily needed for low 20’s to be “healthy” if that is the way then I’ll be riding the wave….

But i’m surely NOT sell any of my BTC’s in order of buying them back 2/3 of the price where having now, it would be a very sweet deal NOT?

But I’ll not be betting any of my stash for that…….

Cheers

I do like you and respect your thinking for sure, but imho opinion it’s not necessarily needed to be “healthy”

hahahaha

Lookie at uie.  Using reverse psychology upon us when you asked about "wen moon" when you are really expecting (perhaps hoping) for down before up.

I don't have any problem with any possibility that down could happen before up, but it does seem a bit presumptuous to either be expecting that it is necessary to happen.

Another thing, if we have a bull market, the better presumption for any breakout would be that the break out happens in the upwards direction.. that is kind of the definition of a bull market.

I do understand that we could still be in a bull market but there is a kind of need that the BTC price corrects a bit more down before it is able to go up, which seems to be in the ballpark of what you might be considering.  Part of my problem with that angle is the fact that we have already experienced a 56% price correction, which should have already sufficiently sorted out enough froth in the system, but sure, if there is more froth that needs to be purged, then of course both water and bitcoin are going to flow in the direction of least resistance.. so in that kind of scenario, there could be some kind of need for additional purgenings of the 14-year snot noses. 

So maybe in the end, we are 50/50 on direction.. but I do believe that we are both in a bull market, and I might even have some issues that not ONLY are you making a pretty strong implication that $25k is NOT going to hold, but also suggesting a need to revisit lower $20ks which may be just another way of saying that the break down of $25k support is not likely to be a mere wick... so there are almost two levels to the degree of correction that you expect and are even going to so far as to say is needed... in your up before down vision of this here current BTC price dynamics.





Seems to me that you did not word that sentence properly, because we (perhaps royal we?) do not "leave aside" king daddy in this thread.. because the this thread is about bitcoin.. so fuck shitcoins.  On the other hand, I do agree that shitcoin froth is related to bitcoin, so I am not going to battle with you on that point, so likely our only area of contention in this particular sentence pertains to your word choice in leaving aside our savior and the only thing that really matters.. there would be no crypto currencies or shitcoins without such essential element, aka bitcoin.   



Can't really argue with you about this, whether we consider "soon enough" as this cycle, the next cycle or the one after that.  Seems most likely to be coming in the next cycle, but I would not want to presume too much in terms of either this cycle or the following cycle as being reasonable candidates - even though the amount of overshoot to be getting $1 million on this cycle would quite likely cause a quite considerable correction, at least from my current view (speculation of course) of how such an overshoot would end up playing out.

Few days ago I mentioned about regular investment and getting your btc stacked in these time period is the perfect plan to secure your future and now I have also discussed this with members here.

https://bitcointalksearch.org/topic/my-past-nine-months-bitcoin-journey-5349270

So I am relaxing at my home staying cool even if the market and weather both are hot but for me cool breezes will blow after this summer dips.

Explanation

But... but.. I want now?


Ok jokes aside, I'm pretty sure we'll go and test low 20k levels and wouldn't that be healthy for the whole market?

Leaving BTC aside, the whole shitcoin shit is gone WAY over the edge, we need a large breather to get that shit sorted out.

Nevertheless, BTC is as strong as ever and the race to 1mil continues steadily. We'll be there soon enough!

Explanation

Governance by mathematics is the way forward, it is the only true universal language.
Law enforcement exist for the better part of thousand years. First police to walk the streets anywhere in the world was in Boston sometime 1850 or so. Police was created to recapture runaway slaves in US and to squash labor uprising in other pasts. Sheriff was law enforcement other countries had other institutions for it.

Seriously
https://youtu.be/tY9hZgXJdWI

The more I dig into the weeds the more I am rethinking the idea of "politicians are the criminals". I used to agree, as in...the politicians are voting away our rights and taking our money to spend in a non consensual way which is criminal in and of itself.

But now I'm seeing that it's literal criminal organisations that are involved in our governments. Murders, pedophilia, human trafficking, all of it.

I think the only solution is to create a fair, decentralised solution for governance such that we can do with governments what we're doing with fiat currency. We're giving an alternative such that over time people can choose the alternative until eventually the old system collapses under its own corruption.

I think the biggest piece of the puzzle to make it all come crumbling down would be to have a decentralised solution to police protection. I have installed Guardian Circle which is a move in the right direction but I think something better can be created. Once people realise that they can replace the police (who are protecting the politicians, not the people) with a decentralised security force (at a much lower price), then the politicians lose all power.

It's not a matter of if, but when...we will need a better alternative.

28 degrees Celsius is something I don't mind at all, but in the past 2 weeks, I've had at least 5 days when it was +35 (up to 38) and it hasn't rained for 2 months - as if I lived in the middle of the desert. I just hope the storm won't be nearly as similar as the one that hit parts of Germany.

https://www.dw.com/en/at-least-40-dead-after-floods-in-germany-several-missing-live-updates/a-58270820

Explanation

 Halleluja!!

In an hour a thunderstorm is coming and the temperature is going to do a sharp drop from 28 degrees to 20 degrees. At least according to the forecast from SMHI.