Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6268.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: Krubster on January 20, 2021, 09:05:11 AM

Let's have a look at the previous bull market.

https://i.ibb.co/r3w1D9K/2017bull.png

The first leg up lasted for 79 days with 224% gains. The following correction lasted for 34 days, ending with a big fakeout (-39% from ATH) before the next leg up.

Looking at the other corrections, we can see that they all ended in a similar way, with a big dip before going up again.

Now let's have a look at the current market.

https://i.ibb.co/JkPcFvn/2020bull.png

Here the first leg lasted for 93 days with 295% gains. The currect correction that we are in right now have resulted in a 27% dip so far.

If the current bull market will behave anything like the previous one, it would indicate that we are in for a bigger correction before going up again.

But hey, what do I know. This time it's different ^TM, right?

(Sorry for the big pics, but they became unreadable when I was trying to scale them down)

Thanks for the comparisons. This provides some perspective on the current correction and what we may expect the next few months. I'm afraid the shake outs will still scare traders/hodlers out of their coins and leave them in the dust when the rally resumes. When will they learn just to HODL Roll Eyes

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: True Myth on January 20, 2021, 01:00:25 AM

Quote from: BobLawblaw on January 19, 2021, 10:52:59 PM

Seems the Yellen announcement has some people spooked.

What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements".

The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago.

Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts. All of this solely because it was in the form of BTC and can be seen on the block chain.

If this transaction happened via cash, no one would know any of these details. It never would of been brought to light.

To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car. If it wasn't for that light you wouldn't know there was a problem in the first place.

When will these people start using the tools instead of blaming them?

You are missing the point. These people NEVER speak the truth. Consider replacing every word uttered with "blah blah blah". It will make a lot more sense then.

bkbirge

sr. member

Activity: 1197

Merit: 482

Quote from: d_eddie on January 20, 2021, 02:03:19 PM

Quote from: infofront on January 20, 2021, 01:43:32 PM

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

Not necessarily a good thing. It's good as it continues to signal growing WS interest, but also potentially dangerous: fuckery with derivatives has brought trouble to btc price. We've all seen it. I would have liked it much better if the funds had got the go-ahead for direct bitcoin exposure. it would have been one more Michael Saylor, so to say. We need more of those. Many more.

This, "fuckery with derivatives" is bad penny that keeps turning up (or the bankers keep trying to turn it up). Would be so nice if all these new financial "products" were required and verified to be backed 1:1 with btc.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: dieselmeister on January 20, 2021, 02:36:54 PM

Quote from: Gyrsur on January 20, 2021, 02:19:44 PM

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ... Cheesy

I hope not but who knows in advance. Roll Eyes

EDIT: 1/25 at latest as I mentioned already.

dieselmeister

sr. member

Activity: 546

Merit: 290

Quote from: Gyrsur on January 20, 2021, 02:19:44 PM

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ... Cheesy

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

THIS IS FINE! (at least so far)

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: infofront on January 20, 2021, 01:43:32 PM

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

Not necessarily a good thing. It's good as it continues to signal growing WS interest, but also potentially dangerous: fuckery with derivatives has brought trouble to btc price. We've all seen it. I would have liked it much better if the funds had got the go-ahead for direct bitcoin exposure. it would have been one more Michael Saylor, so to say. We need more of those. Many more.

dieselmeister

sr. member

Activity: 546

Merit: 290

Quote from: infofront on January 20, 2021, 01:43:32 PM

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

So we getting more pressure through long liquidations ... I am very sceptical, that's a good thing at all.

dieselmeister

sr. member

Activity: 546

Merit: 290

Quote from: LucyFurr on January 20, 2021, 12:42:01 PM

Quote from: dieselmeister on January 20, 2021, 11:12:32 AM

oh c'mon .... several huge long liquidations ... and no fiat to buy the dip ... damn...

Don't worry each and every government is printing their paper money continuously.

But they don't give it to me for free .. I have actually work for it... so... next month again some small buys... Thank you anyways for cheering me up. Cheesy

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

Biodom

legendary

Activity: 3990

Merit: 4597

GBTC had just 4% premium at the 33400-33740 bottom earlier today.
Almost at par-good to buy, bad to sell in ret accounts.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Quote from: d_eddie on January 20, 2021, 11:29:54 AM

Quote from: cAPSLOCK on January 20, 2021, 11:18:19 AM

Quote from: Dabs on January 20, 2021, 11:12:57 AM

I would prefer to do it myself, and the final key I simply put it encrypted in the cloud OR buried and hidden.

People will bark at you with the "encrypted in the cloud" idea. Although I think people who REALLY understand what they are doing can do this. And one other issue with that is, how do you store the password? It's really the same problem. If it is an easy enough password to remember? Then might not be as secure as you would hope.

With enough data in the cloud, average grade encryption, even with a low security password, is IMO a good option when you combine it with some steganography. Let them steal all your data from the cloud and sift all mp3, jpgs, videos etc. in search for the encrypted bit they need!

I used to be paranoid about security, to the point of devising intricate methods of encrypting my recovery seed by designing my own complex algorithms that used information from various sources (files, words from books, etc.) that only I knew how to combine, in order to decrypt the data and get to my recovery seed. It worked for a while, until one time I tried to verify my encrypted backup, only to discover that I had nearly forgotten the decryption procedure. Fortunately, I was finally able to remember it. Even if I could not, I still had my Trezor, so I could just transfer my coins to a new wallet with a fresh, known recovery seed. But I finally remembered the decryption steps, and was able to get to the plain-text version of my recovery seed, thus avoiding transferring my coins to a new wallet.

This has taught me to apply the KISS principle. Use strong encryption, but keep it simple enough to always remember the decryption procedure. Use standardized methods (BIP39, etc.). Don't overdo it, to the point of later forgetting how it's done, because you may lock yourself out of your coins, and that's 100 times worse than a mindrust event.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: BitcoinGirl.Club on January 20, 2021, 01:21:19 PM

Good evening WO!
Observing @ $35,000

Bought a shovel full of dust at $34.801
Go, go, goooo

Joe, get it on with the Bitcoiners and slap Yellen on her forehead with a bundle of worthless dollar notes Cheesy

Quote from: BobLawblaw on January 20, 2021, 12:22:56 PM

New POTUS installed. The USA didn't collapse. Onward to $50k ASAP pls.

This is not a political post.

Fight me.

I understand.
*hugs Bawb* #nohomo #justfriends

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Good evening WO!
Observing @ $35,000

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: fillippone on March 01, 2020, 07:06:57 PM

Fillippone (MI5)

Quote from: fillippone on October 18, 2020, 04:11:24 PM

#meritislife: how to be notified on a smartband of merits and mentions

Free advertising for me.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: True Myth on January 20, 2021, 01:00:25 AM

Quote from: BobLawblaw on January 19, 2021, 10:52:59 PM

Seems the Yellen announcement has some people spooked.

What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements".

The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago.

Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts. All of this solely because it was in the form of BTC and can be seen on the block chain.

If this transaction happened via cash, no one would know any of these details. It never would of been brought to light.

To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car. If it wasn't for that light you wouldn't know there was a problem in the first place.

When will these people start using the tools instead of blaming them?

They freak out because..well immutability.
They don't have control to seize shit and that makes them piss their pants.

LucyFurr

jr. member

Activity: 52

Merit: 10

PoW>>>PoS

Quote from: dieselmeister on January 20, 2021, 11:12:32 AM

oh c'mon .... several huge long liquidations ... and no fiat to buy the dip ... damn...

Don't worry each and every government is printing their paper money continuously.

Torque

legendary

Activity: 3794

Merit: 5474

Gee, I really do wonder if the Fed money printer go brrr has any correlation to the stock market.

Oh, wait...

Also notice where the Fed 'temporarily' stopped buying (er, printing)....2018-2019. Did someone at the Fed know something was coming? Roll Eyes

friends1980

legendary

Activity: 1582

Merit: 1059

nutildah-III / NFT2021-04-01

Quote from: BobLawblaw on January 20, 2021, 12:22:56 PM

New POTUS installed. The USA didn't collapse. Onward to $50k ASAP pls.

This is not a political post.

Fight me.

New POTUS liked by establishment. Dollar goes up. Bitcoin goes down. (a bit)

These guys are not like us. They're in it for the dollars and couldn't care less about BTC.

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

New POTUS installed. The USA didn't collapse. Onward to $50k ASAP pls.

This is not a political post.

Fight me.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6268. (Read 26708797 times)