Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6363. (Read 26709821 times)

Ask Rick.
I can't pinch you over the internet, sorry  

Is this just fantasy?

Is this real life ?

There are some indicators for a major correction, please don't ask me for their names. Worth browsing good titter analyst messages, starting with bitcoinmetrics (IIRC, the S2F modeler). I see steady growth of candles on weekly, not so much in daily, here it's a more stepped rise, but almost linear over a couple of days. As long as the daily/weekly aren't producing double length green candles each day/week, i see no major correction YET. I may be wrong big time, don't take my opinion for granted.
On the other hand, liquid btc supply is dropping fast, there may be no significant amounts of circulating bitcoins by the end of 2021, if not even earlier.
My opinion: Insitutions just became aware of this, so the rally may not end until they grabbed all the available coins out there.
Then the real fun starts, and maybe even by then, no one is really willing to sell anyway and watch corn price climb, while possibly exploiting the shitcoin market.

Dips on the road because of said noob behaviour and "crypto flight" (diversification of bitcoin into shitcoins by noobs and anybody wanting to invest in crypto and having fiat).
Some other possibilities from there as well, like fast death of the dollar and it's reincarnation as some "eDollar", but that is not much more than sweet future music.


I think you were not inside the scope of Caps' statement.

---

SPOILER WARNING:

I may post some beautiful of my photographs later on today, which i consider spam, mainly because they can't be nearly as beautiful to the hodler's eye as the pictures the bitcoin charts are painting lately 
Just let me know if it's too much  

That's not really fair for those who tried to live on it, or those who had to live on it. It is, just what it is. Yes, all of us who got in early could have hodl, but trying to find another way to put food on the table was quite stressful if you had no other source of income. Back then anyway.

Fixed that for me.

You tell them early and they laugh at you.

Years later they call you and complain you didn't tell them.

What a strange world we live in...



I'd say, double digits is "soon-to-be rich", and triple digits is "rich".

For 2021 fiscal year they increased it from 30k to 50k.

https://twitter.com/glassnode/status/1347527984232718339

How much BTC would you say is "rich".

Isn't it jolly good fun watching your wealth grow by leaps and bounds?

You realize you've earned more in an hour than most people earn in a year.

Anyone who has known about Bitcoin since 2013 and isn't rich deserves to be poor.

All you had to do was hodl.

 

they don't realize that bubbles are blowing everywhere right now, but Great Depression number 2 is coming soon

Using political instruments just for such things ("only bursting his ego") clearly demonstrates how messed up both sides of the divide are.

I can confirm this is current reality.

Have fun staying poor haters

Whalecall is one of those custom bots that just watch the blockchain or mempool for those triggers.

The 1 BTC = Whalecall will happen when 1 BTC => $10m USD. Which can take a few decades. If Whalecall is still around or it will have another bot doing the same thing then.

I think maybe he's talking about this short-term rise without any major correction. A 20% dip followed by a another ATH a few hours later isn't a major correction.

I can imagine this current climb getting FOMOed by noobs (building upon a solid institutional foundation) maybe getting stalled around $80k and crashing all the way down to $30k-$40k by idiot noobs who will call it a bear market, and then going sideways for weeks or even months before resuming the rally to 6 digits and beyond.

So let's hope it works out. Even just a few days would be great. Is doesn't do that much only bursting his ego. And that's a good job.

Have you all bought the new lego set already  

Are you talking about life?? 

I'm concerned about bearish WOs...

In other news, new impeachment procedures against Trump will start in the middle of next week.

Not until it sucks in all noob cash apparently.
Then we correct, only to bounce back higher.
That will also teach the noobs a lesson or two I suppose.

This is the way, the natural selection of hodlers.