Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5314. (Read 26710098 times)

The satellite thing is complete nonsense and even if there were nothing else to be concerned about, any serious contemplation of this implementation should cause a few askance glances at Blockstream. It's a one-way communication with no way to retrieve earlier blocks than the one currently being transmitted and if you have a communication error, the chain is broken. It's been running for years (if, indeed, it is still running) and I've not heard of one real world use of it. Meanwhile, the third world has been heavily adopting cell technology. Besides which, we're all supposed to be using second-layer technologies, right?

I have noticed it too.. but still at the moment maximum streak is 3 in a row... so let see if it goes to 4 or 5

Explanation

'
Baaaaawwwbbbb

We got one for you.


Likely gonna needs the rusty-pipe treatment or maybe some other variation that would be within your discretion.

#nohomo... or maybe in this case.. exceptions are made.


Surely, bitcoin prices are not random.  We have some seemingly currently valid BTC price prediction models that give us some pretty damned decent indications of where BTC prices are most likely to go, even though surely nothing is guaranteed.

It is hard to disagree with your characterization of "overextended" BTC prices at least when we had seen such a considerable amount of BTC price increase from  September to mid April of 6.5x and really without any kind of meaningful or lasting correction, so in that regard, claims to being a wee bit over extended do sound reasonable, in retrospect.. since we are in the midst of what is seeming like a pretty meaningful correction now..

We might say nearly a month of correction, so far... and surely pretty severe to get a 53% correction.. so surely, we might have been due for something like what we are experiencing, and in that regard, we should not be surprised to hang around down here in a kind of deep correction zone for a while.. ..; but who  knows?  Difficult to know if the correction is done yet or not.


Surely $5k to $15k does seem a bit extreme, but we know that extreme things can happen.. even though currently the odds for even below $20k are seeming quite low.. and surely the bottom of $30,066 could be "in" but still we remain in pretty damned close striking distance ($38,800 as I type), so hard to really rest assured about the bottom being "in", even though maybe I would feel a wee bit more comfortable resting assured if we could get the BTC price above $46k, and I would feel even MOAR better if we could get the BTC price over $50k.. and surely to kind of seem to have some legs of UPpity, more than just crossing above $46k or $50k and then dropping back down to lower $40ks or upper $30ks soon thereafter.



Going straight up is not very common, but jeez it does happen from time to time.  remember April to June 2019.. whoaza!!!!   We had 3.5x from $4,200 to $13,880 in just 3 months.. .. that is kind of like straight up.. so I would not completely rule out some kind of modified or moderated version like that happening, because we surely have some circumstances in and around bitcoin that could very well contribute to such a happening.... and do I need to list them?

I do get some sense that maybe a bit of a shitcoin purging of froth, just prior to a 2x or so in bitcoin would be a more healthy way of contemplating some "straight up" happenings in bitcoin even if we might not see anything greater than 2x in 3 months... but jeez a bit of purgening of a few shitcoins might help some of the understanding..... and do I need to name the frothy shitcoins, defi projects or NFTs even though there had been a wee bit of purgening of froth already, but they could use a bit more and that would be healthy for the whole space to allow the market to give us some stronger signs regarding who is dee indisputable king daddy... quite a few peeps seem confused about that.



I have heard that before.

I suppose if we look at 2013, we could say that the 2013 beartrap lasted from April to September/October, so are we going to have a longer bear trap than that?  I have my doubts, but surely not out of the realm of possibilities... As long as you are not overly preparing for such a scenario, it does not sound unreasonable, even if it comes off as a bit pessimistic - but may well be necessary in order to purge some shitcoins and also there are probably some weakhands too that might need some purging too.. even though I personally suspect most of the need for purgenings remains in the shitcoins rather than in bitcoin.. and that is my sense of the matter.. and not even really a new sense of the matter.. so even I recognize and appreciate that shitcoins might not get purged during our next upcoming BTC pumpening...



I have no problem with having the peak of this cycle coming at the end of 2022 rather than the end of 2021 and still being within reasonable parameters of various ongoing credible bitcoin price prediction models, including 1) the stock to flow, 2) four-year fractal and 3) exponential s-curve adoption based on metcalfe principles and networking effects.


You probably are wrong, but surely there is a chance that we might not see $100k in 2021.

None of us should be overly presumptuous about either UPpity or cycles, and each of us who are investing in BTC should be prepared that it could take 4 years or longer to get back to profitability from any time that we are investing money into BTC... so even now, if we were to buy BTC at $38,800-ish, we should be prepared to hold that investment for at least 4 years, and the longer the better.



We are in a battle mikeywith.  Have you heard about that?

In other words, boring is not very likely, especially given the place where we are at, currently.



You are correct.. bitcoin gives no shits about various single factor entities (even if they may well have a following, they are popular, they are rich, they can torture you by running you over with a tank, etc) what they think or what they do, and even if these various single factor entities combine their forces, bitcoin still gives few if any shits.

Read your post as one statement not 3 separate captions.

Also didn't know who wendsday was (guess I forgot) until I googled it.

So in light of the clarification I see the humor in your post.

Tell me about it mate!... scrolling that mouse wheel is hard work eh?   

Wow! Tough crowd!

I throw out 3 highly suggestive puns in a joking manner to try and answer the question without being the new kid on the block piping in with:
"Actually that is the actress that played Wednesday Adam's in the 1991 feature length film based on the original B/W 60's sitcom "The Adam's Family"." And it doesn't even get a chuckle? Oh well...

And yes, I have to agree she has grown up to be a highly bangable morsel indeed!

Explanation

would have been more I posted at least one time to stop the 3 in a row.

Whatever, looks highly bangable to me.

12 Chartbuddy posts on page 28994, this is just what I feared, pages with nothing but chartbuddy.

https://en.wikipedia.org/wiki/Wednesday_Addams#Portrayals

Its a meme combo, she played this role as one of her earliest parts in film and its an iconic film.   I would guess she is sick of it by now but thats memes for you, she was on Ally McBeal also



BTC needs to beat 39k and below 2 day average but its above weekly, monthly ma and definitely in an area to do damage to any negative trends which might take this whole month.  It might matter more how main market sentiment resolve as we had some pull back for todays FED statement though it was weak as hell, the slightest idea FED could raise rates apparently is enough.   Ultimately it wont matter what they say the whole situation will slip like a greased pig, ludicrous to imagine the FED holds the reigns.  If they were ever a source of integrity or stability they were compromised by a dual mandate.

Hello my good fellows.
As I was trawling the net for free stuff to print I came across this. https://cults3d.com/en/3d-model/naughties/male-booty-anal-pend-holder
I thought I would just leave it here for Bob.

Explanation

People jerking off to Christina Ricci. Who was Wednesday Addams. Which is kinda weird, but whatever.

the evening wall report

mixed at best short term...somewhat rowdy until Friday i am thinking
mid term remains optimistic
long term gentlemen


#dyor

a old crow and a young elephant share an ant
1h


butterfly wings begin to dry
4h


battle between a TKx up and the smma100
seems there should be upwards pressure soonish
D

#stronghands

I totally agree with you on the two faced bit. 

According to one of the Chinese miners I know, the government wants to tax the electricity used for mining, as funny as it may sound the government told miners in some regions to shut down for a while until the new electricity law gets implemented, so far the rumors are 10% tax on power, which isn't large by any means.

But regardless, all of the mining gears will have to find another home, it's only a matter of time before everything gets plugged in, I personally think the whole China news is irrelevant and that the market price could not care less.

The price has been overextended for months, if you follow my posts in the mining post I have been telling people not to buy over-priced mining gears because that price was not sustainable and a huge drop will have to come, I don't take credit for it because I have no invited the wheel, anyone who understands the basics of the markets understands that, but some people think everything is just random.

Now my projection for the price is that we did indeed hit the bottom of the correction or at least came very very close to it, all those 5k and 15k calls are likely going to go with the wind, I, however, do not believe that will go straight up, this will probably be one of the longest bear traps in bitcoin's recent history, we could very possibility extend the cycle for another year, people who are expecting 100k this year will probably be wrong, I hope that I am wrong, but I can't think of any other scenario except a for a boring market that will take months to change, regardless of what China, Elon or Trump has to say about bitcoin.

Good catch, I take that part back.

OK Guys, That's just CrEePy!!!

That's Wednesday!

Next you're gonna be talking about doing It! Ewww!