Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7090. (Read 26709367 times)

B00Z/F00D

HODLers life

Now BED/SEX

HODLers night

Cheers

Hell no, but i'm surrounded by farms 

If things go to sh*t further my view is 9K BTC and related crypto altcoin prices and gold going sideways...and thus will do so for years...

I am assuming that the stock market will eventually reflect reality...thus not big on a future of around 0% on bonds and 25% dump in value or more on the stock portfolio

I can't see BTC/crypt NOT acting like gold in such a recession/depression environment, also due to the use of BTC/crypto internationally which will be even more 'dire' than

the USA and again BTC/crypto IMHO at worst sideways in price like gold as a hedge against all this

anyway...that is my bet..the real problem is the 10% unemployment rate which may never come back to less than that for years..robotics, work at home more do' able

now...it is gonna be ugly no matter who wins the white house

anyway, I'm living off (and will adjust) my stocks/stay out of debt/ and next year more $$$ from soc security....so I can afford to 'speculate' on BTC/crypto

But I state this now if Trump gets re-elected I'm gonna up my timeline (of the old nursing home and all my crap gets sold and out of the house in 20 years..

.as they drag me away...kicking screaming to the Nursing Home...so why not pull the plug on all my crap sooner? Just go

and play 'millennial' and sell the house/crap/ and just rent 20 years early...and travel.....I'm not gonna stick around the shitstorm of society that is gonna

happen if Trump gets re-elected..it will be a nightmare enough if/hopefully folks elected to whatever office act in an adult bi-partisan manner to fix this cluster**ck!

...might be the time to take a page from the young folks and get rid of all/most of my crap/house and travel...of course, I probably should do this

now ..but pretty sure .. I'd get off the fence and do above promptly on a Trump re-election.

Life might be a lot better just traveling about the world from bed and breakfast

to bed and breakfast (they have waffles!) a few months at a time in exotic faraway places...watching another 4 years of this Trump Sh*tshow of 'bad management' as

best I could describe such has lost its charm indeed!

anyway why I will HODL....not like I see a lot of really fun choices....and seems silly to put ALL my assets into the stock market and the coming economy

thus HODL'ing as my Go-To Hell plan...big whoop...no change in lifestyle..sh*t on a stick ...let it ride!

the needs must, as the devil drives

https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/needs-must-when-devil-drives

Ancient Chinese Curse: "May you live in 'interesting times' indeed

Brad

When you are right, you are right...

What can you do about it?

Hopefully, you have not failed/refused to prepare yourself in the event that you might happen to be wrong... which seems quite likely..  at least if we zoom out for a while into the future, let's say 6 to 18 months.. could drag out for a bit over 2 years, but I doubt that it will take that long for the next UPpity cycle to play out.

I am pretty sure that proudhon is largely and sufficiently prepared for UP, even though he tries to act like a dumbass dipshit nocoiner.. we know better than that, proudhon.   

"pasteurize some raw milk" You have a cow in the garage?

From the coins ? or the tokens ?

From the tokens i assume a lot are scams. Or they simply got too depending on one blockchain (Ethereum) and are now getting faced with a single point of failure (high fees).

How much is scam ? More than 99%?

We have coins and we have tokens

https://coinmarketcap.com/coins/
https://coinmarketcap.com/tokens/

Within tokens we have DeFi tokens

https://coinmarketcap.com/defi/

Tokens seems to get hit hardest lately, specifically the DeFi tokens.
From the coins category (which includes Bitcoin), the Altcoins were already hit hard these last few years due to the brutal bear market (most are at 85% / 95% Down from ATH price).

Maybe the DeFi tokens and other tokens are getting cashed out, to be re-invested in the coins category (and then specifically re-invested into those coins that have very high % Down from ATH).
So maybe there will be a flow from tokens to coins. Triggering an Altcoins season when least expected.

I agree with your overall idea that quite a bit of that divested defi capital would have decent chances to flow into BTC, but I doubt that there are too many circumstances in which we are going to get direct trade-offs like that in terms of being able to directly see the money flowing straight into bitcoin.. even though that is likely where a decent amount of it will end up going.

We also have liquidation confusion, too, in which all assets crash simultaneously, which would include bitcoin, too.. We have seen those short-term correlations on a number of occasions in bitcoin, and of course, us longer term BTC holders advantage by the bunch of dumb fucks in the market who don't really know where to put their value, they are deluded into thinking that bitcoin is the same as the other crap that they were buying, and it takes them a while to actually recognize the value proposition for bitcoin, even very smart people suffer from these kinds of asymmetry of information problems.

Even we had a difficult time realizing how much a variety of shitcoins (including but not limited to ethereum) had devalued against bitcoin in the past 3 years because many charts show 2 years or 5 years and sometimes we miss the chart that shows where that shitcoin ethereum was really at, and for some reason we start to wrongly conclude that it is appreciating in value as compared with BTC, when it had actually gone down 90% in comparison to BTC, so it's relative performance to BTC had looked better than it actually deserved on those shorter time horizons.   Normies get confused about that kind of nonsense, so it takes them a while to actually recognize that they had failed/refused (or were mislead) in their understanding of bitcoin.

We are not over the nonsense, yet, and of course, if there is some momentum, then of course, whales like to take advantage of momentum.  Don't be surprised if we do not get some spectacular and perhaps convincing FUD spreading announcement in the coming days.. but in the end, we just should be appreciating (to the extent that we can) that we are in a better position in terms of our information about bitcoin, and we can either buy some more lil fiends (aka king daddies) or just HODL through the craziness that remains part of this space - surely being able to recognize some of the ongoing nonsensical claims that we are likely to be seeing around much of this.

The weight of the DeFi implosion is carrying over to BTC as a lot of Johnny Come Lately yield farmers are hanging up their lightly worn crypto hats for good.

For once the tail is wagging the dog.

On the plus side Sushi Swap is down to #99 in the top 100. Once LINK falls back to where it was in the 20s or 30s then we'll know the DeFi diarrhea storm has finally passed.

Up 3% over the last 90 days ...steady growth lol

10.5k was inevitable to retest, but I thought we might defend it though and do one more wave up to 13-15k. Imo, this makes an end of this particular wave up and we're up for deeper retrace. Stocks might help in that too.

I only go as high as 155° Fahrenheit, which leaves good amounts of "good" bacteria and kills most of the "bad" bacteria.
Same advantages but safer for the kids. One of my kids suffered from bad Neurodermatitis, which completely vanished with the help of the mildly pasteurized raw milk.
Plus, it lives longer in the fridge than unpasteurized milk.

But what i really went online for is this article i was recommended in a suggested tweet:

https://www.btctimes.com/news/kazakhstan-to-make-a-700-million-bet-on-mining

Glad somebody else see the obvious writing on the wall.

Well I have written several times that anything above 10k is not sustainable. I know that I will get Negative reactions again but I will probably still be writing this the next few years.

Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.

Surely if all that Defi crap is falling to pieces the money would go into bitcoin (if investors are crypto literate people).

Why on earth are people selling the king?

You don't like or appreciate what seems to be an ongoing purging of the snot-nosed 14-year olds out of various shitcoins, defi and yield farming.. gotta be related to our current BTC price performance, no, and seems kind of healthy to purge some of that crappola, no?...

Sure, I don't like BTC prices going down, either, but sometimes it is not easy to have a short-term bitcoin bullrun (like that in early 2019) in which ethereum and other shitcoins lagged behind while bitcoin did a 3.5x in about three months... those were the days, and those are rare opportunities and lovely to witness, but seemed hard to accomplish within a kind of bullshit defi, yield-farming phenomenon that had been taking place in recent times..

What the hell do I know regarding what is sustainable, though?

They said round numbers were hard to break (10k...psychological resistance).. but it seems they are like butter to the downside..

Go BTC... go up!!

Buy buy buy bye bye bye bi bi bi the dip