Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 662. (Read 26731436 times)

August is a bitch
For the bitcoin hodler
And the broken heart.

I don't know why people are not a little more realistic with their expectations, because it is quite logical to me that we currently have this kind of situation that usually follows in the summer months in the northern hemisphere when a very large number of people are not active in trading, but are traveling and enjoying their summer vacation.

BTC spot ETFs have obviously brought a change to the market, but it should be remembered that they are used by people who only want profit and who are not interested in Bitcoin in any other context. Therefore, we see that every time when spot ETFs record an inflow, the price of BTC rises, and when they record an outflow, the price drops. Considering everything that is happening in the world in the context of economics and politics and war conflicts, I am quite satisfied with the price of BTC at the moment.


[bThere is no reason not to be positive, we have good reasons to believe that history will repeat itself and that at some point a big bull run will follow. Honestly, the only thing that worries me is the situation surrounding the presidential elections in the US, because if Trump does not win, we all know that he and his voters will not accept it calmly, and every crisis in the US is reflected in the whole world.[/b]

without derivatives all that cash flow would have actually had to buy the corn.

Adding Liquidity is code for removing built in scarcity
--snip--
they accumulate as they are in the "now they join you" phase.

August is a bitch
For the bitcoin hodler
And the broken heart.






#haiku

Feels like we’ve been treading water since late February. Well we have been, haven’t we. Really hoping for some bullish momentum soon and a significant period of uppity. $61,000 seems very cheap, we’re still below the 2021 high, which is a bit pathetic really considering we now have Spot ETFs and institutional buying.

I’m going to stay positive and expect that in the new few months we leave this range behind and blast through the $70,000 zone into price discovery hitting multiple all time highs before the year is out. I know that 2025 is likely to be the peak of this cycle (and probably the second half of the year) but I expect us to start moving up soon. We should be past the $60,000’s now.

Each of us still has to figure out how to balance where we keep our value.  Sure one of the problems with new cars is that they are expensive from the start, but they also tend to depreciate quite a bit in the first few years, so anyone in their earlier stages of building wealth should not be buying new cars anyhow.. they are not very good financial investments, even if they might be practical and status symbols, and sure there could be cases that you prefer to buy new cars and then just hold onto them for 10-15 years before buying another new car, and so new cars bought with long time horizons might not be poor investments even if they depreciate a lot the first few years of ownership.

There could be some danger if you believe that all of your cash needs to be working all of the time, and one of the aspects of an emergency fund is that it is in a kind of liquid form that can be used right away, if you lose your job (so you suffer from cashflow income issues) or some kind of additional expenses suddenly come up.  You have to figure out some kind of a balance in regards to where you keep your various forms of cash that might be back up funds for short-falls or if some of your saved funds might have some kind of a target for something that you plan to purchase, with perhaps some kind of a tentative date regarding when you would need that cash or if you might have it working for you up until that date, also can be problematic to put your some of your extra cash into a some kind of a working fund if the fund has potential volatility in terms of the timeline that you expect to need such cash.

By the way, I understand that cars might not be the only thing that you might be saving for that might have a relatively short time horizon, yet I personally consider that you are not actually investing into bitcoin unless you have a 4-10 year or longer timeline on any money that you put into bitcoin, so if you choose to put some of  the money that you are saving into bitcoin for less than a 4 year time horizon, then you are gambling/trading rather than investing, and sure it may well end up working out for you... and so if it is something that you are willing to do with some of that money that you are saving for a car or for whatever else, then that's your choice, but if you get sucked into some kind of a trap that you are frequently putting your short term money into bitcoin, you might get stuck with BTC price moves against you regarding some or all of that extra money that you might be putting into bitcoin that you might need in the shorter term... and yeah, you could have all kinds of categories of extra money that you are stocking up for 1) car, 2) vacation 3) being able to take your spouse out for dinner, 4) furniture, 5) computer/phone 6) house maintenance  7) braces for your child, 8.) Bicycle for your kid, 9) etc.. and yeah those various goods/services have different timelines and so perhaps differing levels of priorities or urgency too in terms of reaching some of them.. and surely some of those categories of savings you might consider that for sure you need to keep that in cash.. and others you might be able to be a bit more loosey goosey about when you are going to make such purchase(s).. so if your timeline is less urgent, you could take the chances with some of that to put into bitcoin or into some other investment that might be more volatile than cash and also might end up causing you to not be able to sell if the price of the investment that was supposed to be your savings moves against you after you put your extra (purportedly earmarked) money into it.

FTFY  

What is this nonsense talk about "taming" Bitcoin?

If "they" had succeeded in taming Bitcoin, the price would now be at Vegeta/mindrust levels.

The price is currently @ > $60k. We had an ATH earlier this year (even pre-Halving). The 200-WMA is steadily rising. And all this after Luna/FTX/Govt-selloffs/Gox...

I see Bitcoin marching onwards, upwards and on-schedule.