Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7360. (Read 26732470 times)

You are mastering TA very well 

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

Thanks for the heads up, I am bookmarking this as a reference.

$12,500.

Yes, you did.

Rationale = random.  




 


Potential next resistance point seems to be $13,880 - but geez, timeline must be one of the BIGGER difficult matters to pinpoint

... and geez, end of the week you are saying, LFC?  You must be talking about just a wee bit more than two days from now?  Perhaps it could happen?  Perhaps.  

I would concede that $13k is significantly easier to reach and exceed than $14k currently, and not merely because $13k is closer than $14k (but that closeness is an undeniable, real-world, technical factor) but because $14k can only be reached after going through $13,880 resistance, to the extent that such resistance really does exist and such resistance is not merely a product of our collective perhaps, shell
shocked/PTSD? fears.

In other words:  go bitcoin go (doesn't someone else say that?) 

$13,000 by the end of the week? What odds are you giving me on that, hey?

I don't understand the need to speak in superlatives.  Ok.  sure, bitcoin is likely the best, and sure bitcoin is likely going to be the best into the future, because bitcoin has a lot of strong fundamentals that are continuing to persist and continuing to NOT get fucked up.  On the other hand, we are taking a snapshot in time, and even though we have a current status that sets bitcoin up for continuing to outperform other assets, there are no guarantees in bitcoin or in other aspects of life, including the extent to which other assets or other human behavior can play off of bitcoin in one way or another - multi-causal influences that contribute to a certain amount of unknowingness in the future, even if the past can be described with more absolute-isms because the past has already happened.




multi-causal influences - and likely there would be only small likelihoods that value would gravitate into bitcoin all of a sudden... the whole bitcoin system just does NOT seem set up to handle all-at-once gravitation of value, even if bitcoin is the most sound of assets, currently... and even if bitcoin would just have to absorb whatever value it could take, if it were presented with such an unlikely scenario in which all value would be redirected towards it.

Another reason that it would be unlikely for all of the value to be directed into bitcoin would be that currently, bitcoin still remains so damned small (something like less than 1% world adoption), so it hardly even makes sense that a lot of value would flow into bitcoin until it first gradually grows (and gradual can also seem like exponential while we are caught int the middle of trying to recognize and appreciate such "happening" growth).

The ignorant masses see Bitcoin and PMs rising in price and think it's because they are in some kind of speculative bubble.

It's called "real value assets repricing against a plummeting dollar."

Good morning
#dyor

dragoonflys over pond
1h


unleash the hound
4h

#stronkhands

Meanwhile: closing in on 12k.... 

I LOVE it when one of my random lines I drew last week is about to get punched.

I know I had some sort of rationale for this one...

14k, 17k, 19k, ATH or whatever else number being mentioned as "important" is not important at all in fact... we're just at the very beginning of this facemelting bullrun... I'd say the closest important level is around 25k as we'll move up into the "there be dragons" unmarked and unknown area...   

"11.5k is the most important level" ?

All right, I'll take it!

Now that we're well above it...  

Might disincentivize updating... at least on the margins... which could add up to a decent number of people not updating to better security.


Can we speak for the average person?  or the average bitcoiner?  Even if you do not practice, you run out of skills and confidence, and humans are subject to making errors - even smart-ass peeps.

So this is how the 75% greed looks like today.
I'd be scared of how it'll look when it'll go higher.

Here, corrected it for you...

Even though long, I kind of prefer mcdoctorduderino... for some strange reason... it seems to roll off the tongue better.

Definitely worth mentioning, but not as dramatic as it seems at first glance -> https://bitcointalksearch.org/topic/m.54938150

---

Trezor is of course one of the two choices when it comes to HW, but they also have their weaknesses that cannot be repaired at all - I hope you have set up passphrase on your device -> https://donjon.ledger.com/Unfixable-Key-Extraction-Attack-on-Trezor/

Let's hope it is good for us and btc. I WANT 12345.67 SOON!

Bitcoin is being influenced by something, yes. It’s called the power of the people who no longer want to be controlled by their governments & slaves to inflationary currency. Bitcoin is the future young padawan. Buy before it’s too late.

What you are seeing with the price is the effect of the halving, reduce the supply, increase the demand which is the total opposite of what the Fed is doing, BRRRRRR !

#cantprintmorebitcoin
#21million