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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7390. (Read 26731929 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin

Death - not really that amusing IMO. Bad candidate for Darwin Awards too since he had already procreated.

I think that political division has caused some of us to find situations amusing based upon political stances of certain people, and I recall that Herman Cain was advocating against taking precautions, such as against masks.. or social distancing..  .. if he did die from Corona based on NOT taking adequate precautions and based on his previously taken public stances on the matter, that seems to be implied by the amusing stance on the matter...

I think that I took some similar stances in regards to Boris Johnson catching Corona and also that preacher who died from covid after attending marti gras and being so vocal about the purported fakeness of the virus.

There had been some outrageous virus deniers out there, but some of the actual statistics, including actual deaths make it more difficult to deny either the existence of the virus or that a variety of precautions and virus focused measures might be in order to consider and to implement... science and fact based, especially.   Wink  amusing, funny or strange as that might be.   Cry



These fuckers spreading fake news is one thing but when it costs innocent people their lives they deserve all they get.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin

Death - not really that amusing IMO. Bad candidate for Darwin Awards too since he had already procreated.

I think that political division has caused some of us to find situations "amusing" based upon political stances of certain people, and I recall that Herman Cain was advocating against taking personal protection precautions in regards to the virus, such as against masks.. or social distancing..  .. if he did die from Corona based on NOT taking adequate precautions and based on his previously taken public stances on the matter that were contrary to science and even contrary to facts or practical logic, that seems to justify that the matter might be a bit amusing - even if he ended up paying with his life...

I think that I took some similar stances in regards to the irony of public anti-virus stances of Boris Johnson catching Corona and also that preacher who died from covid after attending marti gras and being so vocal about the purported fakeness of the virus. .. blah blah blah.. .

It is sad that we should rejoice (if that is what we are doing?.. but.. some of the folks kind of bring such attack on themselves too, in their earlier public anti-science and anti-facts stances) the death of these kinds of seemingly publicly dumb people.

There had been some outrageous virus deniers out there, but some of the actual statistics, including actual deaths make it more difficult to deny either the existence of the virus or that a variety of precautions and virus focused preventative measures might be in order to consider and to implement... science and fact based, especially.   Wink  amusing, funny or strange as that might be.   Cry
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin

Death - not really that amusing IMO. Bad candidate for Darwin Awards too since he had already procreated.

I'm thinking his grandkids will have learned something from him here as I'm sure they didn't learn anything useful otherwise.

Death can certainly be amusing, there are many worthless people in this world and this one had more than enough time to do his damage.

Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin

Death - not really that amusing IMO. Bad candidate for Darwin Awards too since he had already procreated.

 He seems to have lived his life on his own terms.  That alone deserves respect.



 

Respect is earned I have not seen anything from him worthy of respect.

But that is my opinion you of course can have your own.


He seems to have lived his life on his own terms.  That alone deserves respect.

Too bad he gave up on reality and started drinking the Kool-Aid. Happens to a lot of successful people, they think that just because they are successful at one thing they are experts in everything.



W0rd.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
He seems to have lived his life on his own terms.  That alone deserves respect.

Too bad he gave up on reality and started drinking the Kool-Aid. Happens to a lot of successful people, they think that just because they are successful at one thing they are experts in everything.

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
[edited out]
Your deadzone idea is interesting... We will just have to see how it plays out.  I am good either way.

Surely, looking forward to it.

We each realize that some of the BTC price resistance points change, depending on BTC price movements and sometimes how fast the BTC price might move in one direction or another or even how severe or prolonged a correction might be.

Currently, we do seem to be stuck in a fairly narrow BTC price zone around $11k, but we have only been here for 3.5 days.

So sure it would be quite amazing (but not out of the question) if we were to get into the deadzone within the next 1 week to 3 months... and in that kind of quicker getting there scenario, I would expect resistance at $13,880 and at $17,250.. and also more likelihood to fail getting through the deadzone, if we get there so quickly - especially given that we were having troubles getting above and staying above $10k for about the past 10 months or so.

On the other hand, if it takes more than 3 months or even up to 18 months in your slowly getting up there scenario to break above $17,250, then that might change the dynamics and probably in that longer drawn out scenario, I would think that my deadzone theory would be stronger in a slowly getting there scenario, but either way, I am maintaining a tentative deadzone theory but that deadzone theory would be weaker, if we were to go shooting up within the zone in less than 3 months without getting some kind of somewhat meaningful correction first.
legendary
Activity: 3808
Merit: 7912
Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin

Death - not really that amusing IMO. Bad candidate for Darwin Awards too since he had already procreated.

 He seems to have lived his life on his own terms.  That alone deserves respect.



 
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin

Death - not really that amusing IMO. Bad candidate for Darwin Awards too since he had already procreated.
legendary
Activity: 3920
Merit: 5565
Note the unconventional cAPITALIZATION!
Might you not be contradicting yourself a bit to be worried about such price arena?  

I am not worried.  I am interested.  And I enjoy trying to see into the future.  And psychology plas a role in it.  The very name of this thread has to do with buy/sell walls, which arguably are used as a tool for market manipulation as well as just being a buy/sell.

I personally have suggested to people to take some BTC off the table at various points, which in this case might be before and after the deadzone, but not so much within the deadzone.... but sure, each BTC HODLer has their own way of dealing with how to manage their finances and their psychology, and surely planning does make it less likely that any BTC HODLer would run the risk of panicking.. whither that is selling too much too early or other strategic errors that might be too numerous to list.

By the way, as you may have recognized, I frequently talk about short-term BTC price movements in terms of 50/50 chances, but I don't talk that way about the deadzone... so that was probably why I was all on your case regarding the probabilities that you seemed to have been assigning to the deadzone, including the motives of various kinds of BTC HODLers that would supposedly be "feeling" like bag holders.

My own thesis continues to be that the Bagholder theory is a bunch of bullshit.

There are not so many people who supposedly bought BTC in the supra $14k to $20k range and are so fucking anxious to get rid of their BTC merely because all of a sudden they are in profits 3 years or more later.  Sure, there might be some dumb asses who think about their BTC Holdings in such a way, but the vast majority who have not already been shaken from their BTC holdings would have had nearly 3 years to buy some more and to average their prices down, and so what, anyhow, if there are some folks who are whining about having a negative BTC portfolio because they sat on their hands for 3 years and did not do shit to bring down their average cost per BTC.  They are aberrations and they are going to be out numbered by various other kinds of buyers, whether newbies or other kinds of buyers who are going to cause the BTC price to go shooting past the deadzone and the previous ATH.. whether it takes 3-4 months or more and whether there might be some headfakes within that deadzone..  once we get above  $17,250, pretty much we are going to be going above $23,500 and largely you can count on it with higher than 50/50 odds.. one of the rare moments in bitcoin probabilities that odds are NO longer 50/50 or lower. [/size]
Your deadzone idea is interesting... We will just have to see how it plays out.  I am good either way.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Herman Cain dies of Corona.

I gotta say I find this Highly amusing! Grin





Well he doesn't have to wear a face diaper now.  Cheesy Cheesy Cheesy



Quote
Herman Cain, ex-presidential candidate who refused to wear mask, dies after COVID-19 diagnosis
https://www.reuters.com/article/us-health-coronavirus-usa-cain/herman-cain-ex-presidential-candidate-who-refused-to-wear-mask-dies-after-covid-19-diagnosis-idUSKCN24V2OD


Quote
Cain, 74, learned of his diagnosis on June 29, nine days after attending a Trump rally in Tulsa, Oklahoma, where he and many others crowded together without wearing face masks aimed at preventing the spread of the novel coronavirus.


This dumbasses last tweet. Its been deleted now.






legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"

I did not consider what I said to have been dumb when I said it.

I thought that I was largely attempting to address the concept of the dead zone, and you had come up with a theory that speculated that the deadzone was NOT a deadzone.

With your more than 9 years in bitcoinlandia, you should already know that those theories of supposed everyone wanting to sell their BTC at the previous ATH had been presented numerous times before, and there tends to be little to no actual evidence to support those kind of selling at previous ATH theories beyond the fact that a lot of people spout them out as if there were facts to actually back them up.  Am I missing something?


I actually think you are attributing something to my words that I did not mean.  I am not predicting some doom and gloom scenario where it is incredibly hard to get past the ATH, or that a pullback after breaching it a little bit is going to be earth shattering.

Again I think back to the last even where bitcoin first re-crossed it's (what was in NOV14?) previous ATH ~1100 or whatever it was.  There was a good pull back after that, and the general air was kinda mixed.  There was a LOT of fear at that time.  In retrospect the entire thing was very quick.  But the road was a little bumpy around that price at the time.

I think there is a good chance we see something like that again.  I dunno HOW good?  50/50?  It doesn't really matter.  But a LOT of people got into bitcoin in late 2017, and some of those have soured on it.  We *will* have to chew through that resistance.  And like I also said it might just get blown by as well.  

But what i am doing is practicing putting on my fog lights now so that when it gets foggy I have the best chance at good outcomes.

Ok.  Fair enough.  Each of us has made our point in this regard, and it is possible that I may have misunderstood some of your emphasis in terms of how you might want to play this area that I consider to be a deadzone, which is in the territory of between $17,250 and $23,500.

If you have never sold BTC previously, and you consider yourself to be such a strong hand, I remain a bit unclear why you would be contemplating any kind of meaningful resistance within any BTC prices between $17,250 and $23,500?

Might you not be contradicting yourself a bit to be worried about such price arena?  

I personally have suggested to people to take some BTC off the table at various points, which in this case might be before and after the deadzone, but not so much within the deadzone.... but sure, each BTC HODLer has their own way of dealing with how to manage their finances and their psychology, and surely planning does make it less likely that any BTC HODLer would run the risk of panicking.. whither that is selling too much too early or other strategic errors that might be too numerous to list.

By the way, as you may have recognized, I frequently talk about short-term BTC price movements in terms of 50/50 chances, but I don't talk that way about the deadzone... so that was probably why I was all on your case regarding the probabilities that you seemed to have been assigning to the deadzone, including the motives of various kinds of BTC HODLers that would supposedly be "feeling" like bag holders.

My own thesis continues to be that the Bagholder theory is a bunch of bullshit.

There are not so many people who supposedly bought BTC in the supra $14k to $20k range and are so fucking anxious to get rid of their BTC merely because all of a sudden they are in profits 3 years or more later.  Sure, there might be some dumb asses who think about their BTC Holdings in such a way, but the vast majority who have not already been shaken from their BTC holdings would have had nearly 3 years to buy some more and to average their prices down, and so what, anyhow, if there are some folks who are whining about having a negative BTC portfolio because they sat on their hands for 3 years and did not do shit to bring down their average cost per BTC.  They are aberrations and they are going to be out numbered by various other kinds of buyers, whether newbies or other kinds of buyers who are going to cause the BTC price to go shooting past the deadzone and the previous ATH.. whether it takes 3-4 months or more and whether there might be some headfakes within that deadzone..  once we get above  $17,250, pretty much we are going to be going above $23,500 and largely you can count on it with higher than 50/50 odds.. one of the rare moments in bitcoin probabilities that odds are NO longer 50/50 or lower.

#DYOR
#YMMV
#BTMFD
# blah blah blah  (don't be listening to random peeps on the interwebs for BTC investment/trading advices)

Well, I gotta say I enjoy watching the battle @11 grand rather than 9300. Cheesy

exactamente!!!!

Dickering around at $11k is way better than dickering around at $9,300s and even $9,300s was much better than when we were dickering around in the $6ks/$7ks for much of April.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Well, I gotta say I enjoy watching the battle @11 grand rather than 9300. Cheesy

http://dave.freeinforadar.ch/btcwars/


When 12k?

A little behind schedule here dammit.
legendary
Activity: 3808
Merit: 7912
hero member
Activity: 1064
Merit: 639
If the price drops down then it can go to the level of $9850.
If it keeps going up then the level from $12500 to $13500 is quite strong. Imo

#HopeATH

legendary
Activity: 3920
Merit: 5565
Note the unconventional cAPITALIZATION!

I did not consider what I said to have been dumb when I said it.

I thought that I was largely attempting to address the concept of the dead zone, and you had come up with a theory that speculated that the deadzone was NOT a deadzone.

With your more than 9 years in bitcoinlandia, you should already know that those theories of supposed everyone wanting to sell their BTC at the previous ATH had been presented numerous times before, and there tends to be little to no actual evidence to support those kind of selling at previous ATH theories beyond the fact that a lot of people spout them out as if there were facts to actually back them up.  Am I missing something?


I actually think you are attributing something to my words that I did not mean.  I am not predicting some doom and gloom scenario where it is incredibly hard to get past the ATH, or that a pullback after breaching it a little bit is going to be earth shattering.

Again I think back to the last even where bitcoin first re-crossed it's (what was in NOV14?) previous ATH ~1100 or whatever it was.  There was a good pull back after that, and the general air was kinda mixed.  There was a LOT of fear at that time.  In retrospect the entire thing was very quick.  But the road was a little bumpy around that price at the time.

I think there is a good chance we see something like that again.  I dunno HOW good?  50/50?  It doesn't really matter.  But a LOT of people got into bitcoin in late 2017, and some of those have soured on it.  We *will* have to chew through that resistance.  And like I also said it might just get blown by as well. 

But what i am doing is practicing putting on my fog lights now so that when it gets foggy I have the best chance at good outcomes.
legendary
Activity: 3388
Merit: 3514
born once atheist
....

Nah I used to be meaner , but I have mellowed with age.
....
Everybody's swiping their devices everyday  (G   C)
Seems like lately life is just this way  (G   C )
All the time as I get older it   (F )
Seems the more that I get bolder  (C)
While everyone just looks at me dismayed (G  C)
....
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Of course, also, history is not going to repeat with any kind of exactness... but still does not mean that any of us should be overweighting those FUD spreading (shaking of the weak hands) scenarios in order to be included in the weak hand category.. which it sounds as if you, cAPSLOCK, have a predisposition to be.

I am fairly comfortable with knowing myself insofar as my predispositions. I have held BTC since before I registered on this forum.  And I have net sold exactly zero of them. 

That failure/refusal to sell any can cut both ways, including causing a person to feel some kind of necessity to sell, when really shaving some profits along the way may well remove any such urge.

By the way, I would concede that getting into BTC in early 2011 or so, is going to create all kinds of advantages relative to later entrants.. such as myself, including the fact that if you have never sold any BTC, then even if you had made the mistake of buying lots of BTC at the wrong time, you still would likely have a pretty low average cost per BTC for any of those early BTC.

Anyhow, I would speculate that such early entrance into BTC should cause a bit more confidence in terms of NOT really worrying about tops or bottoms or timeing the BTC price with any kind of precision.   Go figure.

And over the years I have also improved my ability to pick up MORE BTC when a fire sale shows up.

Of course, buying more BTC along the way is all a good practice in part because many of us earn money in fiat along the way, so we would not have the same capital or even foresight or even ability to earn capital 5 or 10 years down the road.

So, yeah accounting for our cashflow or even inflation, in theory our cash flow should be going up through the years , or at least, still coming in all along the passage of time, so we can take advantage of cash as it comes available that was not previously available.



I don't know why you would consider me predisposed to being a weak hand.  But I also don't care one way or the other what you think in that regard.

O.k.  Maybe I overspeculated, but surely, some of your points suggest that you might be worrying about little things and even trying to time the market, when that does not seem to be a very prudent approach, especially for anyone who has been in bitcoin for more than 9 years already... makes me feel like a bitcoin baby with less than 7 years.   Cry Cry



But to call speculation on what will be INEVITABLE psychology in this new market "overweighting those FUD spreading (shaking of the weak hands) scenarios" is one of the dumbest things I have heard you say, if I am interpreting your meaning correctly.  I suppose talking about that makes you uncomfortable?

I did not consider what I said to have been dumb when I said it.

I thought that I was largely attempting to address the concept of the dead zone, and you had come up with a theory that speculated that the deadzone was NOT a deadzone.

With your more than 9 years in bitcoinlandia, you should already know that those theories of supposed everyone wanting to sell their BTC at the previous ATH had been presented numerous times before, and there tends to be little to no actual evidence to support those kind of selling at previous ATH theories beyond the fact that a lot of people spout them out as if there were facts to actually back them up.  Am I missing something?


Here are the two reasons it is not only a good idea but PROFITABLE to consider what psychology will do to ourselves and others.

Psychology is only one portion of any market, whether bitcoin or otherwise.

1.  Anticipating scenarios in the market allow us to set a strategy for what we will DO in the face of how we FEEL.  This is wiser than moving forward with no plan, or a plan that ignores the information.

Did you ever hear me suggest that any of us should be winging it?  I am all for planning, and maybe I was just asserting that your plan to sell in the deadzone was not a good plan?  I was not asserting that you should not plan, and even if you decide to sell in the deadzone, that is your choice.  I was merely expressing my opinion about it, which I already did in my earlier post.



2.  Preparing oneself for times that people will act irrationally in markets allows one to do something like this:


You are preaching to the choir.  You believe that I do not have various plans?  Or that I am not in agreement about having plans?

March 12th was a GOOD day to buy bitcoin.  I was able to add BTC to my stack at just a little over 4k USD per.  I will have tripled my money with that purchase soon.  In my opinion being prepared for the large swings in psychology is a tremendously good idea.  And one must be resolute in the face of strong emotions to act quickly and decisively.

We are on the same page, there.  Seems like.

Predisposed to having weak hands... lol.

Sure, it is possible that I overstated the case or I used language that was too strong.  Otherwise, I have no reason NOT to stand by the rest of my post and the overall contents of it.  If I got some of your details wrong, then maybe my post should be just considered as more of a general observation rather than about you, or your specific situation?  even though it did seem that you were contemplating selling BTC (perhaps even too much) in the deadzone based on considerations that seemed to be improbable outcomes - and that was largely meant to be my point.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
I was trained (some label that as "programmed" - deny... ) to deny first, and ask questions later.


Something like that - I am afraid to say.

legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Imagine some random lurker who doesn’t normally hang out here and landing on this page and reading that.
They’d be like “good lord, these bitcoiners are a nasty bunch!”
Lol

Probably, the newbies are going to blame LFC for all of it, when they really should be blaming jbreher.

 Huh

Not me. Prolly a bit o' Mandy's nasty ol' bike.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Today 10 years ago:

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

Quote
The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.

Quote
Quote from: bytemaster on July 28, 2010, 01:59:42 PM
Besides, 10 minutes is too long to verify that payment is good.  It needs to be as fast as swiping a credit card is today.

See the snack machine thread, I outline how a payment processor could verify payments well enough, actually really well (much lower fraud rate than credit cards), in something like 10 seconds or less.  If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
https://bitcointalksearch.org/topic/m.3819
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
kodak making drugs and such now. wtf and didnt they sell rights to their name on some shitcoin a while back? kodakcoin or some crap?

Not quite. IIRC, they created their own crypto to be used in licensing of stock images.
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