Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5979. (Read 26713566 times)

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Man, this is ridiculous. You had literally years to buy BTC under $10k. Where have you been?

I would say that the answer is very simple, all those who dream of $10 000 today, wake up from some deep sleep only when the price of BTC skyrocket, and when they are honestly hit by FOMO. They are nowhere near people who believe in Bitcoin, but they are not even intelligent enough to believe in long-term profits. If I were to tell you that at the moment about 40% of those who are in some way involved with BTC are not happy with the price, I think that best speaks to how many of these so-called sleepers we have.

I started one thread with poll on that topic - it will be interesting to see the results in 7 days.

https://bitcointalksearch.org/topic/how-do-you-feel-about-bitcoin-today-5320925

Your lil survey is already skewed towards 100% good.. so either there is a problem with your survey method, or your estimate about 40% being unhappy is wrong... .. or maybe in a bearmarket, you might get those kinds of 40% unhappy results.. who knows.. seems to be a kind of moving target (and perhaps unreliable) to be attempting to be assessing sentiments.. especially on a short-term or snap-shot basis.. with one binary question that does not ask any other questions about the person.
jr. member
Activity: 44
Merit: 2
Awesome!

MARCH HIGH/BTC 67.492
legendary
Activity: 938
Merit: 2540
<>
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!

Don't worry about math & science. They've been taken care of by the Proud Honey.

i feel safer already!
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
Man, this is ridiculous. You had literally years to buy BTC under $10k. Where have you been?

I would say that the answer is very simple, all those who dream of $10 000 today, wake up from some deep sleep only when the price of BTC skyrocket, and when they are honestly hit by FOMO. They are nowhere near people who believe in Bitcoin, but they are not even intelligent enough to believe in long-term profits. If I were to tell you that at the moment about 40% of those who are in some way involved with BTC are not happy with the price, I think that best speaks to how many of these so-called sleepers we have.

I started one thread with poll on that topic - it will be interesting to see the results in 7 days.

https://bitcointalksearch.org/topic/how-do-you-feel-about-bitcoin-today-5320925
legendary
Activity: 3990
Merit: 4597
Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!

Don't worry about math & science. They've been taken care of by the Proud Honey.

that's what i also thought at first (that it it is a female reference), but then i found this:
https://en.wikipedia.org/wiki/Pierre-Joseph_Proudhon

Basically, he is a "father" of individual and/or social anarchism.
Take is with whatever grain of salt, but this individual (with the same nick) has been on the btctalk for ages, which makes his comments most likely a satire.
However, Proudhon philosophy differs from the cypherpunks as explained by T. May.
legendary
Activity: 3122
Merit: 1538
yes
Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!

Don't worry about math & science. They've been taken care of by the Proud Honey.

Picture of why I consider $48,500 important:

copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
Elwar has already said, he's not touching his corns for at least another 4 years. He can surely wait a couple of years. Might even be wise to cash out one corn next year at whatever price it's at if it's above 100k, just to add to fiat reserves for normal life purposes.

In trad-fi, people like to have "emergency savings" of at least 6 months. 6 months is the minimum. I have read blogs or article about people having 5 years sitting as cash, not invested at all. And these are trad-fi FIRE types who can only count on 4% safe withdrawal rates.

Many of us should be in a lot better position, but again, many of us are also all-in BTC, so ... drops happens and some panic. The diamond hands buy the dip.

legendary
Activity: 2184
Merit: 1540
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
Watching $48,500. If we go over that decisively, it seems the correction is over.


Bitcoin finally broke $47,500-47,700 resistance zone and made support above it. Next resistance level to keep an eye on is at 49,600-$51,000



https://t.me/OfficialCryptoIndia/7620
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Elwar has already said, he's not touching his corns for at least another 4 years. He can surely wait a couple of years. Might even be wise to cash out one corn next year at whatever price it's at if it's above 100k, just to add to fiat reserves for normal life purposes.

In trad-fi, people like to have "emergency savings" of at least 6 months. 6 months is the minimum. I have read blogs or article about people having 5 years sitting as cash, not invested at all. And these are trad-fi FIRE types who can only count on 4% safe withdrawal rates.

Many of us should be in a lot better position, but again, many of us are also all-in BTC, so ... drops happens and some panic. The diamond hands buy the dip.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Now, now, be nice to Elwar.


Always nice to the brother.... but we must not agree on everything, I didn’t said something wrong did I?

Just said he maybe bumped his head in the cabins of the crew, it’s a bit lower there etc so might happened, from there he maybe saying ATH in the start of a bull run etc

Btw it’s j/k

But also calling 2 times ATH at the two tops....  Undecided

I'm mainly just preparing myself for it emotionally.

I lose millions but hey...at least I was right on an Internet forum...
hero member
Activity: 812
Merit: 587
Space Lord
Someone turned on the rocket?
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
$58000 being the top is just out of the question. It's impossible. We're going higher to at least 6 digits guys!  Cool

Indeed!



It's a long way to the top if you wanna rock 'n' roll.

Nice chart!!!!   Personally, I would rather see the juxtaposition of two four-year snapshots (context) rather than two 2-year snapshots on each of those overlays (which 2-years appears to have been what you did, Phil_S) because many of us realize that even if BTC price dynamics might not exactly be locked into BTC price movements having to run in terms of 4-year frameworks (because surely there are some other aspects, too), so far 4-year frameworks have been serving to show what's going on in bitcoin quite well - even with increasing BTC adoption.. which is a bit crazy as fuck if you really think about the matter for bitcoin's price to be ongoingly moving with the facts as they are taking us within such a purposeful 4-year framework BTC design structure.

When, then, do you think an 80% correction will occur?

After the top!

If it occurs, at all.

No guarantee.
I expected someone to share the analysis and not just words.

Yes, for peeps who seem to be already creating first impressions of a diptwat beartroll, no coiner (or damned close to it), you are lucky to even get a response.. that provides you with the punchline correct answer.. so you can do your own research, if you ever heard of such a thing?    Tongue Tongue Tongue Roll Eyes
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Now, now, be nice to Elwar.


Always nice to the brother.... but we must not agree on everything, I didn’t said something wrong did I?

Just said he maybe bumped his head in the cabins of the crew, it’s a bit lower there etc so might happened, from there he maybe saying ATH in the start of a bull run etc

Btw it’s j/k

But also calling 2 times ATH at the two tops....  Undecided

We are talking about ideas here, anyhow, not people.

For sure Elwar has always been a bit of his own person, and sometimes quite stubborn - and sure it takes all types to contribute to the space - and without getting too much into his past situations, he has been somewhat consistent about his position in regards to this particular run, including that he both took a decent stance by cashing out a decent amount of BTC in the little over $50k arena, and he said that he had that view for a couple of years - which does seem a bit ridiculous on its face given the already existence of pretty strong currently relevant bitcoin prediction models that even went back for a couple of year, those prediction models are playing out pretty handsomely and there are some actual facts (for anyone trying to actually account for actual facts) that establish that the BTC price prediction models might NOT be bullish enough.

So yeah, if some guys want to project their own little view of our current BTC price dynamics that seem to fly in the face of what seems to be overwhelming trends, then sure they might be acting to be their own unique person, and sure there is some kind of implication that maybe there might have been some sudden change in perspective, too... but sometimes people may have been reading too much into Elwar's purported bullishness about bitcoin because of his pie in the sky stance on seasteads and even the purchase of the cruise ship to attempt to get some kind of bitcoin focused business and community going.

There have all kinds of us who sometimes will express some views that are a bit outside of the way that others are framing matters, and sure sometimes, we do need to keep some of those guys "in-check" in order to put their seeming craziness (or uniqueness) into perspective and maybe show some of the weaknesses in their thinking and even when he (Elwar) made his $50k prediction, and then was seeming to look wrong when BTC prices looked like they were going to be going passed $60k, but then he started to feel a bit of his goat.. when it started to appear that he could be correct.. and sure, a lot of us like to end up being correct even when we provide the "tough love" predictions that we do not even want to become true.

He will be shown to be wrong, soon enough.. but he has already buttressed his prediction in such a way to preserve that he has enough BTC for UP, too, despite a bit of his recent gloating about the downward BTC price movements.

There have been quite a few long timer bitcoiners who have made quite logically sound and overly bearish BTC predictions, and since some of us more bullish BTC predictors have been shown to be too bearish, they have been shown to be even further on the spectrum of wrongness in terms of their reservations about bullish scenarios - or their conservative assertions about where they expect the BTC price to go, blah blah blah.


Totally agree.. it's a shame legendary guys like Elwar calling the top now... what a disgrace  Cool


wtf are you talking here? he can call the top whenever he wants. he is not presenting it as a fact, he does not try to convince any noob to sell. it is just his opinion and he is entitled to have one, as you do, too.

shame and disgrace are not the words that should be used here.

there was a popular moderator of the speculation subforum in 2017 that was calling the top at 2500 USD.  and there were folks that followed his explanations and sold out.

I don't know 600W... sometimes strong language should be used to attempt to make a point.. but yeah, maybe "shame" and "disgrace" are way too personal, and they are not quite descriptive enough of the criticism... because sure, Elwar, does have a right to call the top, and members should assert their various reasons why they disagree with them, and sometimes members do not really know why they disagree beyond just feelings that the cycle is not over.. which is contrary to what Elwar is incorporating into his assertion that $50k is the top (or could be the top, even though he was gloating a bit about it, too).  So, sure we can come out either way in terms of how heavily we want to battle Elwar and even throw in a few pieces of heavy language here and there to make our points.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!

Don't worry about math & science. They've been taken care of by the Proud Honey.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Watching $48,500. If we go over that decisively, it seems the correction is over.

but but muh maths and sciences.. im not done panic buying yet!
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

I hope you are wrong dude, I pray to god that bitcoin goes back to 10 thousand and can buy more.

No, you won't. If it ever goes back to $10k (which it won't), you will shout "Bitcoin dead" and will not buy. Or, you will wait for it to go to $1k, then to $100, ad infinitum.

It has been said before, and I'll say it one more time: Best time to buy: NOW!

When it reaches $1M, you'll be wishing it drops to $100k to buy cheaply.

Smarten up. Buy now.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
sr. member
Activity: 546
Merit: 290
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