Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7157. (Read 26709367 times)

I knew you would get it.

Just as it looks as though it's going to die a miserable death, someone buys it all up again.

That was about trading. This is about hodling. Detached but hopeful, it's tricky but can be done.


Never fell from a cabin roof actually. Well, there was a time at sea, in a friend's boat that capsized... but that's another story.

The end of the beginning has arrived.  


I thought that I might have been being a wee bit too macro by saying that we had been confirmed to have had entered into a bull market since May 2019.

Now you, AlcoHoDL, are one UPpening, my wannabe backwards compatible sorcery attempts onto a longer time horizon?


I am sticking by my more short-term statement, anyhow.. because I think that there is some kind of something in considering these shorter-term cycles that we have been seeing, even if such shorter-term cycles might NOT quite be captured within 4-year fractal pattern from here on out, but still there seems to be something that is getting into a kind of material importance regarding something in the ballpark of 4-year cycles.

I will concede that in the past year or so there have been a few times that the entrance into what appears to be our bull market, had been in a kind of questionable state of affairs... a kind of pending uncertainty.. so in that regard, price direction of our lil-big daddy has frequently gone into variations of tentativeness whether we are referring to the present or the past... but mostly more clearly characterized after we are able to put on our historical seeing pieces.


Are you feeling well, d_eddie?

You are supposed to be totally detached... at least that is what you used to say, in terms of the  BTC price could go up or it could go down or it could go sideways, bleh...

Hahahahaha

Maybe you fell off of your log cabin roof during shingle repairs?    


 


Seems a bit wishful, but hey to each their own, and hopefully not too much corn is being gambled in that seemingly wishful direction that might not happen.

 Oh!  S2F.  My bad.

Seems to me that BTC investors who focus too much on the amount of the possible BTC falls and the BTC corrections in the short term or long term, have a pretty high tendency to either fail to invest, to sell way too much too soon and to underinvest.

So, frequently, even if there have tended to be BIG ASS corrections in BTC-landia, the more prudent and sound of strategies has many times been better to just HODL through the whole thing - and of course, on a personal level, I have never really had any problem selling reasonably small amounts of BTC on the way up in order to provide some potential insurance for long and/or large BTC price corrections and also perhaps providing some psychological relief during times in which BTC price is correcting more and longer than preferred.

Of course, the concerns for ongoing and likely inevitable volatility continues to be a bit more problematic for new coiners who are attempting to establish their position, but I still think that NOT overinvesting and having at least a 4 year time horizon including following some kind of DCA'ing can help a lot of newbies through their initial investment period in which their BTC holdings may or may not be in profits - but more likely to be in profits if they continue with sound and prudent ongoing accumulation of BTC - even though nothing is really guaranteed, either, now is it?  but we have had good odds in our favor with BTC, and the future continues to look bright too, even if guys like you, Lucius, seem to be overly preoccupied with negative BTC price movements and unable or unwilling to figure out sound and reasonably prudent strategies to profit from likely ongoing positive trends that are likely to continue to come to BTC (though not guaranteed, like I already mentioned).

Great article, but I believe this writer is incorrect about this quote:


Au contraire, I think the business school professors know exactly what they are doing with their constant Keynesian propaganda. They know exactly what sound money is, but know the business world is now fueled on cheap debt and money printing.

“It is difficult to get a man A man refuses to understand something, when his salary depends on his not understanding it.”

It is certainly approaching infinity now... but after the last fraction of a BTC is mined in how ever many years the flow becomes 0 and the stock will be 20999xxx.  

Divide by zero error.

That's only ever happened with certain collectibles... Mona Lisas... Certain baseball cards, etc.  It's NEVER happened with something that is a money.

What a pessimistic picnic bear...

Did not realize that you are a Tether FUDster, too.  

The picnic bear wears many hats!!!!!!!!    


Oh my!!!!!!

This is one of the more interesting pieces on this sort of topic I have seen.

It may be a confirmation bias sort of thing, but I have always comforted myself that Bitcoin is yet another thing that people 20 years after it's introduction will be saying, "I can't believe I never invested in it".  Even as big a deal as we, the choir, think Bitcoin is nothing like this is ever obvious to the masses, even the smart ones at first.

We are still... at first.

 It predicts a price approaching infinity.
 Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin.  I'm hodling until ∞-1 

*No no limits, we'll reach for the sky
 No valley to deep, no mountain to high
 No no limits, won't give up the fight
 We do what we want and we do it with pride
 Let me hear you say "yeah!"

 No no, no no no no, no no no no
 No no there's no limit!
 No no, no no no no, no no no no
 No no there's no limit!

*No Limit lyrics © Decos Publishing
 
 

interesting analysis...I don't even care to proselytize anymore (after trying and failing).
It would happen 'automatically', most likely.

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

In extraordinary comfort.

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? 

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin.  All of this seems inevitable to me.

That said, I have always been skeptical of the model.  For no good reason though.  Really just because it fits too damn well, lol.  And ultimately it HAS to fail.  Because it predicts a price of $∞.  Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS.  Lol.

Yeah me too. Feels like ~$10500 or so will be the bottom if we do slip more here, but hey, lowball bids ready too for some high volume dump flash crash action. Mmm I love me some Bitcorn coaster

There is CME gap at $9600 maybe we'll fill that.

More than kinda here.

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.