Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 72. (Read 26503323 times)

how much the sentiment can change in such a short amount of time. 

https://x.com/cointelegraph/status/1856261426052042964?s=46

https://x.com/cointelegraph/status/1856147401230164156?s=46

Those conversations 

I can only imagine where Bitcoin will be from next year if perhaps, the man of the moment makes good on his promises of making Bitcoin one of the US strategic reserve. Many people are not looking at the bigger picture because if they do, the excitement about the present reality will be uncontrollably.

Explanation
Chartbuddy thanks talkimg.com

Wow, happy days people. I'm excited for everyone here.

GM my friend and friends

Explanation
Chartbuddy thanks talkimg.com

Good morning WO.

$89,000 

Let it rain..

Learning to hold or to let it build up would not come naturally.  It seems getting them to either earn BTC regularly and/or to buy BTC and stack it aside are good habits, yet young people frequently need money, so it can be difficult not to spend it, unless the young person has some kind of a regular income.


Not yet.


Part of the dilemma that the USA ends up facing is that their announcing their intentions will likely trigger other countries to attempt to front run, so even if there was not an intention to add BTC to the treasury (reserves), the other countries engaging in such conduct could well end up causing the need to actually fulfill the campaign promise.


At first I thought like the namesake thread title.. ... something like "wealthy elite gentlemen"

Just adds more..

but then I recall that within this thread we batted around concept of what it might mean to be rich (that is the lower status) versus filthy rich... so filthy rich is not a very great title, but it still might fit at least as a descriptor.


Oh?  Are you the cause of this?

Thank you very, very much.

mmmmmmmuuuuaaaaacccchhhh.


 

#nohoomo


Probably action is better than saying anything, and I doubt that you are late adopters.  You are just a bit later than some of the folks who came earlier than you.

What you should do is get the fuck started as soon as possible and start buying regularly and otherwise study the space, then in 4-10 years or later, you will probably be in a very good place both financially and psychologically, even though it is not guaranteed that you will be in a good place, but at least bitcoin is amongst the best of investments if not the best investment, so it likely would be worth your time to figure it out so you are not whining and envious but instead proactive and building your stack as well as you can within your own abilities.


No reason to fuck around with either silver or gold, especially when you have bitcoin staring you in the face.

No wonder you got distracted into other kinds of investments.

You seem unable to stay focused.. ...

Protip: remember there is only one king daddy.  Keep your eyes on the prize.  #justsaying


Well thanks.  I doubt that I am very much more right than anyone else, except maybe that any of us who are largely attempting to stay directionally biased end up someone getting it right because we are erroring in the side of either accumulating BTC or at least holding when in doubt, and I frequently have stated that the way that I do bitcoin sales on the way up is merely just small amounts that attempt to provide insurance in the case that BTC prices end up going down instead of up..

So in practicality instead of compounding 1x every time that the BTC price doubles I add on something in the ball park of 95%, since the BTC price can almost never completely go straight up.

I don't have exact numbers and the numbers change from time to time, yet I still proclaim that I am mostly hanging onto an overwhelming majority of my coins.. and my problems still end up being figuring out ways to make sure that I spend coins.  I do have some help trying to spend coins, yet sometimes even just spending coins can have some frustrations.. which surely I can see why maybe sometimes it might feel better to just cash out a certain amount and then just get an income off of it, well to the extent that I am spending the cash versus if I find someone else to spend the cash, if I might consider that the someone else should receive the paid amount.


That is another dilemma.. since it seems that getting somewhat close to $100k creates a bit of an almost inevitable magnetism to at least reach and to test $100k.. yet I frequently get too nervous to count chickens before they hatch, yet each of us have likely already experienced these kinds of price discovery moments where the least (or is it the most pain for those continuing to place their shorts) is up, and so shorts continue to get reckt.. but sooner or later the buy momentum can no longer keep up, so we end up retracing, and surely I am not one of those who believes that we have to retrace everything or even close to everything, and bitcoin has reckt a quite a few number of folks who had concluded that there is a need to retrace back to previous ATHs or whatever random price point that is proclaimed to be "in need" of retesting, and we have witnessed that there are a lot of reckt folks who had subscribed to that kind of nonsense over the years.


I recall that there were technical difficulties keeping three up, and there were also some complaints about anything other than Bitstamp, yet if you were to put up one or two other BTC price references, I doubt that anyone would complain too much about having any additional references besides Bitstamp.. even though we still might want to refer to just bitstamp as the main reference if we are describing highs and lows and to make sure members are on the same page in regards to their references.... 

I suppose if there were some other references within chartbuddy, then maybe we might see if there is any price variance between bitstamp and what ever other references that you end up putting up that is worth talking about.

Some of the exchanges do have tricky practices to play around with leverage or even histories of manipulating prices, but if they are more or less showing some similar BTC prices as is bitstamp, then it probably does not hurt to have more than one possible BTC price reference, especially if bitstamp were to get out of sync with the other exchanges.

More work for you, yet I doubt anyone is going to complain if you are willing to do the extra work to figure out which exchange (s) might be reasonable as another reference - so long as you don't end up choosing price references that are totally non-representative or seeming to give inaccurate or misleading BTC prices.. then it would just be up to you if you want to find something that you can make that actually works.


Surely BTC price moves also overlap the strict daily candles, so it could be interesting to see the 3 day candles and the weekly candles... but yeah, still interesting information even though they might not sometimes catch the magnitude if we account for the overlap.

Explanation
Chartbuddy thanks talkimg.com

Fucking ridiculous, too late to cry over spilled milk

Ain't nothing stopping a 100k mark there's sufficient fuel in the tank for the journey. Bitcoin breaking each previously set ATH 9 times within 5 days interval says a lot about the possibility of a 100k in no distance...

Explanation
Chartbuddy thanks talkimg.com

The real Paashaas is back.

The same Paashaas that made a very similar statement when we were around $36k in November 2023. 

You are no fun......... always be wanting to ruin dee party.

 Déjà vu all over again


Look you party poop (Paashaas)!!!!!

You even got our residential dollar worshiper Phil, mad.


hahahahahaha

Yeah.. right.   

The odds for a dump are higher whenever the cornz price goes up. 

That is a truism.

A statement that is always true.   


Sounds like a reasonable reallocation of value... although some people do like to collect some of those kinds of things and to even display them, and I cannot really disparage anyone who likes to collect things.

Of course, with bitcoin one of the reasons that we should like it so much would be that it should be pretty liquid, and yeah a bonus if the asset (such as bitcoin) is holding (or appreciating) in value more than alternative places that we might decide to keep some of our value.


Yep.. It never really lost such power, even though surely it can be somewhat suppressed for decent periods of time, yet we seen to witness such explosive power every year or so.. even though sometimes it can go longer and not really be as noticeable when it is not breaking through new ATHs..

Breaking through new ATHs does contribute to the explosive power being more perceptible, and many times there will be ongoing attempts at shorting even while the BTC price keeps going up.. pauses a bit and then goes up some more, and surely none of us should either be on the wrong side of that trade or have had failed/refused to sufficiently/adequately stock up prior to the explosive UPpity taking place.

I will admit that bitcoin price moves is an item of awe!!!!.. yet at the same time, those kinds of bitcoin price dynamics are built into the system, too  (I mean bitcoin seems to be designed like that).


Probably overall we agree.  I think that there will be a decent amount of selling at and around $100k, yet personally, I doubt that the selling is going to be enough to really offset the buying, so overall I cannot imagine $100k to be an area of great resistance, so then we might as well characterize $100k sellers as mostly weak hands, even though some of them may well consider that they are not weak hands because they are making considerable profits blah blah blah.

I don't feel strong enough about my base case to bet on it, since of course it can be difficult to figure out what is going to happen, and sometimes it seems if we move up too fast, then that just leaves space for a correction, and so if we go to $100k quickly (within this week or the next) and don't even have any consolidation or correction prior to getting to $100k, then I would think that the buying support is not going to be able to keep up so it will make staying above $100k more difficult to achieve.

On the other hand, if we consolidate for a few weeks before going above $100k, then there might be more ability to stay above $100k. but yeah, I am not attached either way, yet I am kind of getting the sense that we could get a pump to $120k or so without even having prior consolidation.. .. but even that scenario, which would be my base case, I couldn't even assign it higher than 35% odds... but I have not figured out all of the other lower odd scenarios.. and I don't feel that I need to either, since I don't really trade around these ideas, anyhow.


There has been more activity in here in the past couple of days...so you are correct.. perhaps lots of ccccccccciiititttttttttteeeee happening.


Approximately 9 months.. that's why it has been referred to as time to have a baby zone.

Biggest daily candle.
What's stopping us for the next one to be $10k, from $90k to $100k?

Explanation
Chartbuddy thanks talkimg.com

I think in the current world, mobility is likely to be key. Getting through the airport on the way to El Salvador (or Hawaii or New Zealand if you operate at that level but then you probably have private aircraft at your disposal) would be quite risky with a suitcase full of shiny metal or folding beer vouchers.

Yes. I almost commented something on this myself. I don't really recall why I discontinued the others. I think coinbase did something odd with their API and bitfinex got into some shady dealings for a while? (And I still think tether is bad mojo) I'd really have to look back through the thread to be sure though.