Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5454. (Read 26609360 times)

You see red. I see green.

Hahahahaha

That is be called Koreck.. psycho...


Even though ur lil name is psycho, u b making lots of senses, sometimes.



If we set up our various systems correctly, we should give hardly no fucks about considerably great corrections such as 80-ish% or 4-10x or greater price appreciations.

Yeah, I am not even saying that some of the extremes might not start to become concerning - but extremes that barely go beyond what is already expectedll should not be causing great anxiety.. especially for longer term bitcoin peeps who may have had at least a few years to both set up their systems and to set up plans for dealing with the more extreme BTC price moves, which seem more inevitable than they should be feeling as surprises..

A 40%-ish correction comes or even a 65% correction, and how you gonna respond?

I am shocked...

I am shocked..


Huh?  What?

I am not gonna say that I am not going to be bothered somewhat.. just like I am bothered somewhat from our current 40%, but my personal level of bother is hardly enough to write home about... sure the greater the correction, the greater the moving of the needle.. and some peeps or a wee bit more sensitive than others, but part of being in bitcoin and being in for a longer time should be allowing more and more abilities to pee pare our lil selfies for extremes. that have happened historically and are likely to continue to happen in spite of whatever bulltards (#nohomo) are theoretically asserting about supercycle blah blah blah.. which is hardly even factually based beyond sounding like it could happen (not even saying that supercycle could not happen, but seems way the fuck too premature to be hitching my wagon to that kind of a horse).


I appreciate the joke aspect, but in the end, if we want to attempt to consider matters somewhat realistically, bitcoin is built in such a way that it welcomes all to use it however the fuck they like... good, bad, ugly and hostile.  Sure, we can engage in some denigrating of various uses, including denigrating hostility and calling everything non-bitcoin as a kind of scam (which yours truly and others tend to do), but in the end, anyone can  find their niche in bitcoin, including roger ver, craig wright, china, usa, venezuela, iran, north korea, and negativity flavor of the day elon the wishy washy.


Puzzle over dee head.   

Glad to see you back hairy bairy.... you gonna stick around for a while this time or what #nohomo?


Many of us likely recall the intensity of China's late 2016 somewhat surprise locking down exchanges within their jurisdictions to require KYC and likely the jumping through a variety of other hurdles before anything could be done in terms of exchanging coins, or withdrawing value - which seems to have had fucked their citizens out of being able to have value mobility during the 2017 BTC price run - and I seem to recall that it took a fucking long time for that situation to somewhat get resolved... which still seemed to have had the ultimate effect on certain aspects of their local peeps rather than putting any kind of a meaningful dent in the then overall bitcoin market besides likely scaring some weak hands from failing to buy BTC when they should have and/or causing some of those same weak hands from selling too much BTC too soon.

In other words, no problema.. roll with the punches.. and see how it all plays out... how much more of a correction you expecting.. what are the odds, greater than 50/50?  Are you preparing ur lil selfie (not referring to you Wekkel since you seem to have largely established ur self as a mostly not weakie peakie) for any BTC price direction including, but not limited to UP? (protip: historically many peeps fail/refuse to meaningfully and adequately pee pare their lil selfies for UPpity)

Nah. Notice how the first thing you circled was good volume and was not followed by a recovery. The second thing you circled was good volume and will also not be followed by recovered, but instead more dumping.

The volume is decent now. Some hope for a recovery.

  Nah.  Too unbelievable.  So Much FUD.

Glad that I could bring a tear to your eye.


















NOT!!!!





Snap out of your lovey dovey, homer!!!!!!

I hear about government "sponsored" (controlled) cyber currency from time to time and I have to tell people that it's not a good idea. Most of the time I focus on things like "inflation", "currency debasement" and of course "this money can only be spent on these things we will allow you to buy".

I don't even consider the really weird stuff like "This money expires on xxxx", or "We can take this money back from you at our discretion". That is where stuff really gets creepy. I mean it's my labor that I am getting paid for, but I'm getting paid in a currency that can be taken away from me on a whim?

Fuck that noise. At least with paper dollars they have to send a thug with a truncheon to get it from me.

Next i expect t hear that Mt. Gox is not solvent, and the mastermind of The Silk Road is behind bars.

Funny what peeps gonna focus upon in any story (artistic piece).

Based on where I was at, I was thinking that the plastic bag filled item was a kind of sauce, but it might have had some food items too... because she got excited about whatever taste she was getting from it - which I am doubting would have happen so quickly from a pure sauce. I was not even super slow in reaching her.. but I am kicking my lil-selfie a wee bit because I could have likely gotten to her a few seconds quicker would have been enough to stop her from gulping down.. the bag.. and I am not even concerned about the substance within the bag, actually (even though maybe I should rethink that part too, knowing some of the outrageous things that dogs might get interested in eating sometimes and they are surely not shied away from foods that would cause humans to vomit from just thinking about getting their mouths close to it).



That's what they say about tofu, too.... supposedly tofu can be made without hardly any flavor or smell, but it will absorb the flavors and smell of the surrounding food.. but who wants to become a soyboy...? surely not this cat.   .. and the gels would, presumably, be of even less nutritional value.. even though you are seeming to want to attribute some kind of potential superpowers to them... hahahahah...  



Of course, that is understandable... and part of the riches is already there.. so there can be a little bit of a dilema going on in respect to the marshallow experiment (aka delayed gratification test).


Perhaps?   But each of us should know that close to 40% corrections in BTC are well within reason, and surely you might be able to notice that I have hardly any sympathies (not even referring specifically to LFC here) to guys who had been either describing correction limitations of 30%, and even seeming to suggest that even whatever whimpy limitations they were conjuring up were going to be spike down in price anyhow, suggesting that we are all going to know them when we see them and be able to buy the dip and kumbaya kumbaya through each of them.. and historically speaking any of us should be able to appreciate that while we are going through greater levels of dippening, we are achieving such greater levels for "reasons" including that they frequently feel real as fuck and never ending, even when there are no solid reasons to identify beyond momentum and some likely-to-be FUD spreading talking points.

By the way, whether we believe that Mindrust's story was true or not, he surely showed quite a few signs of emotionalism along the way, so it ends up that regular members here (whether referring to yours truly or other members like ur lil selfie or LFC or anyone else), are showing some of our ways of thinking and our level of emotionalism and even some of us are showing some of our levels of preparedness that could lend (or even detract) from some credibility in terms of how well our plans might match with our emotions.. so I am not even saying that it is an easy thing to attempt to match our actual financial plans/strategies/tactics, with our emotions, but probably we would end up getting fewer instances of panic (whether exaggerated or not) if we are able to achieve a decent amount of matching...

And, yeah, when the BTC price is moving violently and beyond expectations, those can become very considerable tests regarding the degree of successfulness of our matching of our strategies to our sentiments.. and teach us if some kind of tweak might be necessary.. so as I attempted to suggest to LFC.. seems to me that a move (hypothetically speaking of course because I do not really know the exact LFC details) from 5% sales to 25% seems really fucking outrageous.. merely based upon a drop that should have already been within the expectations of what could reasonably happen.. and fuck those assertions that rule out 50% or greater corrections during a bull market.  

Look at the goddamned bitcoin charts.  Hardly even any meaningful correction since September 2020.. and peeps trying to suggest (or even believing pie in the sky) that 50% or greater corrections are not possible in a bull market blah blah blah..  

whatevers.. I feel like I am starting to repeat myself, and I don't even like to talk too much about bearish projections.. even when it starts to seem obvious that we have entered into a bear market,. and probably take way the hell more than 60% and drug out corrections before you are even going to get any concession from me about actually being in a bear market....



Yeah but even though you have decent likelihoods of being correct about inferences that $100k ish or more are largely within reasonable realms of this price cycle, there are still some folks who may be better served (at least psychology - and perhaps financially as well) from some greater shavings off along the way.. Bob seemed to have benefited from that - even though many of us might have some objective concerns about some of his past sales or even some of his current tactics - but the main thing is that it is working for him and for his assessment of his situation.



You know round numbers can provide some resistance, but end up getting considerably overshot once they do get overshot.. so hopefully whatever plan you have attempts to account for that historical dynamic that we have seen in bitcoin.


Agreed about some of the difficulties in making some sales that may or may not be necessary, and maybe that could be part of the justification of getting used to it at various increments along the way rather than waiting for 100x or greater profits or whatever happens to be your threshold.

Remember the simple sane savings (not exactly a sane guy, but whatever), even he was suggesting a starting point at 10x profits or something like that.. so jesus fucking christ, waiting for 100x or whatever before even starting causes a quasi-insane guy (RIP) to appear sane... hahahahahaha.



You are starting to sound unrealistic at this time.  Don't let any thread or pride or whatever to cause much interferrence in assessing your own individual circumstances.. and yeah maybe you want to be a good role model and yeah maybe you might not disclose certain details, but ultimately, fuck the WO.. in terms of making your decisions..

yeah, sure I have great appreciation for both the existence of this thread and my abilities to learn and to share information within the thread, but I still believe that there should be hardly any value in the objectification of a strategy that each and everyone of us should be striving to personalize.. which might not exactly have any objective answer.

So sure, it is possible, that some of us could create systems in which we never ever ever sell any BTC because we are otherwise able to finagle a variety of arrangements to leverage our BTC or we just have a variety of other assets that we might have even been able to acquire because of having and managing our BTC stash....

So for example, if some of us have approached the accumulation of 500 BTC, and that would be over $21 million in todays prices, what  the fuck difference is it going to make if you shave off a couple of million?  Even if you have only 50 BTC (which would be more than $2.1 million) and you shave off a couple of BTC or you set a personal goal that you never want to go below 50BTC, but even that might not seem realistic if BTC prices go up 10x from here to $430k-ish and then all of a sudden you have the $21million value issue.. and do you really need to keep all of that value in BTC..?

Sure each of us does need to decide those matters including if we want to gain status in the BTC holdings department relative to other BTC holders, and even though I personally have never aspired to such personal status comparisons, there might be something wrong with me - and sure maybe if you get closer and closer, then you might start to make those kinds of aspirations for your self... so if I had not been selling along the way, maybe I could have had 20% or more value from focusing on accumulating BTC... but I am not even sure if prudent management of finiances works like that even though there are quite a few instances of people getting even more rich as fuck by concentrating their wealth.. but some of those end up in corruption too.. even thinking of Elon in this instance with the extent of his interweavings with government subsidies and likely exploitation of peeps and walking contradictions in order to get higher levels of wealth.


Ok... fine.. maybe you are not devolving into weird.  I frequently have asserted that one or two UPpity cycles might not be enough for peeps to transition into fuck you status.. and gosh it could take a decent number of peeps 4 cycles or more, so yeah, if you are just having concerns about crossing a personal threshhold then that might be reasonable.. even though I continue to repeat that you cannot fucking be relying on those upper bounds when you are figuring out what to do on a personal level.. and how fucking long will it take to cross $100k is one thing, but how long it will take to stay sustainably above $100k is a whole other question, and you better fucking get more patients if you are waiting to really be able to meaningfully act with prices only above $100k.. because seems to me that we hardly can rest assured about numbers that are in the future rather than banking on numbers that are in the past.. such as my choice of the 208-week moving average - which is currently at about $12,500 and your previously mentioning of $20k which you seem to be mentioning merely to appease guys like me rather really engaging in real world calculations based on such numbers.. which again seems way fucking more realistic to be doing rather than focusing on ephemeral tops that may or may not happen, even if they have price prediction models that give them relatively high probabilities.

I know I am being overly harsh about your post.. and surely it is nothing personal.. because I am arguing with your ideas.. which you are repeating and I believe deserve to be argued with, even though I appreciate a lot of the specifics that you ongoingly provide regarding how you are thinking about the BTC price performance (and expectations) matter.


I completely agree with ideas that various other moneys of ours can get really freed up by merely having our BTC, even if we do not sell one fucking satoshi.

In other words, let me describe some personal dynamics, I have a fiat cashflow that has had some decent amounts of fluctuation through the years that I have been in bitcoin, and my earlier years in bitcoin such as late 2013, 2014, 2015, 2016 and maybe even into 2017, I was using portions of that cashflow to buy more BTC, and even though I felt that I had acquired a sufficiently enough quantity of BTC by the end of 2014, I could not really resist continuing using some of my cashflow to buy more bitcoin.

Depending on the point that I am trying to make, I have troubles characterizing each of my years but even by 2018 through present, I have decided to take on as variety of projects and even to cause myself considerable expenses that both go beyond my cashflow but also cause me to have to no longer use what used to be extra portions of my cashflow for purchasing BTC... so even though I might not be spending my BTC, I am using the BTC as a kind of psychological and financial assurance that allows me to spend very much larger percentages of my other cashflow and fiat denominated assets/currencies/values that I might have otherwise felt compelled to hang onto if I did not have the BTC in the background... so even if banks do not want to recognize my BTC and various third parties want to give me shitty-ass terms (even considerable risk) to collateralize my BTC, they can fuck themselves, because I have a way of valuating my BTC that I would speculate to be way more accurate than them... and serves my interests better than any attempt that I would have to create a relationship with a third party in regards to the BTC that I hold.


Apparently Elon does not understand or he does not want to understand.  He seems to have shown some of his true colors which is probably way better than if some of us might have become more reliant upon him and he had attempted to undermine bitcoin in a less public way.. not that he might not be attempting to do both.. who fucking knows?  He seems far from a bitcoin ally, even if some of his behaviors can be helpful for attempting to learn, and his distracting shenanigans may have given some additional boosting sense of community to miners to signal for taproot and to send a decently-sized fuck you in the direction of the Elon-reliant FUD spreading fucks.

I see 85% taproot right now as I type, and not enough to signal for this difficulty period (since already 11% of blocks have come through as negative for this period), but current signaling is surely showing really good chances to have a strong fighting chance for getting above 90% for our next difficulty period that starts in about 10 days.. and if BTC is under attack at that time (10 days can be a long time in bitcoinlandia), I am thinking that miners will step up to the plate rather than letting fucktwats like Elon and other retards push around bitcoin or try to proclaim what bitcoin is or what it is not.  Gonna be nice to see Elon get recked as fuck (if he continues to play his cards badly.. whatever cards he might have left.. no need to be sympathetic for him.. especially when he flip flopped like he did).



I doubt that Elon even wants to grapple with the level of details that you provided, AlcoHoDL.  He was attempting to play the momentum, and it could well end up blowing up upon him, even if there may have been some short-term success for whatever he was attempting to achieve - whether it was showing his lil selfie as relevant or just getting attention or whatever.



I know that I am responding to you 10 hours later.. ;. .yet in any event .. good day to you, too.. and fuck I have to write my own lil selfie a list of things that I want to get done in the next day or two.. I am feeling a bit lost at the moment because I had a few projects that I had been wrapping up that did not really allow me to some bigger picture prioritizing.

Reuters FUD.


https://twitter.com/QwQiao/status/1394661559033602049

I would tend to think the market is swapping traders for hodlers... I don't know too many smart traders (and buying all the time is not trading, like MSTR is accumulating, not trading.)

This market is just swapping stupid traders for smart traders  

China won't shoot themselves in the foot. They will shoot the miner's feet instead.

Read previous posts... isn’t a ban

https://bitcointalksearch.org/topic/m.57037910

Reuters doing propaganda, I assume. Looks like a warning/recommendation about hype to me.

Perhaps the China news is considered bad new. I consider it good news. If China blocks cryptocurrency in their legacy institutions, they are shooting themselves in the foot.

I have no problems with Chinese people, but nothing with the Red thing.

Not after this news dude.
https://www.reuters.com/article/crypto-currency-china/update-1-china-bans-financial-payment-institutions-from-cryptocurrency-business-idUSL2N2N510T
It already drove it down further under $43k to $42,600

Order Bitcoin Pizza

As pe the claims 100% of the profits from this we use are donated to the Human Rights Foundation's Bitcoin Development Fund.

Looks at the menu...!!!



https://www.eatbitcoinpizza.com/

P.S. I can’t confirm if there is  any HRF’s Bitcoin Development Fund

MicroStrategy reputed Bitcoin investment company purchase another $10 Million in Bitcoin at a normal cost of $43,633 per BTC.

Let's see how market will respond on this news, hope to see some green tomorrow....

the morning wall report


taxes, elongate, china fud, a double carrot and guess what folks..its Tuesday!  ...my oh my

stack sats and carry on...that is all

#dyor

1h


a vicious four hour candle but there is a small bullish signal with a higher high forming..maybe..waiting for the close and perhaps some confirmation
4h

#stronghands