Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7559. (Read 26723496 times)

JJG, your T/A is without  equal.

Seriously I gotta ask, how old you?

Look up "Million Man March". Happened 25 years ago.

And guess what? Nothing changed after that. Nothing. In fact things got worse.

"But this time things are different".

Nope. This is NOT a top and this is NOT a rally (yet). Slow rise to ATH until November-December 2020 is the most pessimistic scenario I can think of.  

... I believe something historic is going to happen in Washington D.C. this weekend. A huge rally of over a million souls, probably many more will be converging on the bloated swamp of corruption and self-interest, commonly called the federal government, to demand change.

The People have finally showed up to hold the government to account after a sustained train of abuses and oppression that can no longer be tolerated and will be removed by force if necessary.

The US army has been stood down from DC after it was explained to the President he would be in direct violation of the Constitution and possibly subject to treason and removal if he ordered them to turn their guns on the People.

Now a veritable private army of armed federal agents, many unwilling to identify themselves, are being called up from the alphabet soup of agencies who have come to infest Washington numbering perhaps 50,000 strong will have to face The People they have looted for so many years and explain to their faces why they choose to oppress them while livng off their goodwill and treasure.

George Washington will be watching if America chooses Freedom for it's future.

https://www.thebiglead.com/posts/video-lightning-strikes-washington-monument-01ea1jsekzfh

Surely, as you have suggested, nothing can be taken for granted in bitcoin.

Many times it would be logical to presume that if there is a lot of UPward BTC price movement, then a correction would be in order.  However, we have crossed a decent amount of these sub $10k prices several times in the past, and sometimes bitcoin has shown itself to just be tired of continuing to pass through a range that it has passed through so many times.

In other words, sometimes it just becomes time to move on and to move up... but when that time comes is frequently difficult to identify with any kind of short-term precision.. so frequently, the most profitable folks in bitcoin seems to be those who error on the side of mostly preparing for UP, and maybe taking a slight hedging position in down - even though the down hedging position could remove some of the UP profits, in the even that outrageous exorbitant UP ends up coming at some point... which is far from guaranteed.


I agree that there can be some advantage to having some of your coins in places that are not easy to access for security and plausible deniability purposes; however, one of the primary tools to arm a HODLer from engaging in panic behavior continues to be having solid planning and preparation for outrageous BTC price moves (whether we are talking down or up).  
Some HODLers know that it is NOT a good thing to gamble too much of their stash, but they do it anyhow, and maybe they even know that they are inclined to panic, but they still keep the panic option open with the placement of their coins and in their own minds where they mentally keep such panic options open.

Even though there are a decent number of supporters (advocates) of paper wallets, I have doubts about whether they are really the remedy for a large number of BTC HODLers, including HODLers with weak minds and otherwise weak and inadequate preparations.

Real hodlers use paper wallets.
Shit like mindrust want happen with it.
A. number one in security
B. takes to long to sent coins to exchange to panic sell
C. to lazy to even get going, hodle on

It's only been a couple of months, I remember the drop, looks like price has moved up nicely from the $7K area where I thought it would pull-back  
Hopefully I've come back in time to try and pick out the short-term top of this nice rally But likelihood is I'll be wrong again  

The stock market is so uber 'bullish' even bankrupt companies like Hertz are rallying...

Results of poll are already completed, and $10k won.

In other words, time to snip out the old pole and put in a new one (meme)





Price went up, then it went down and then it went back up again.

 Did you mean fuckin' coffee or are you one of the few people to visit that chain?  Seems like over 60% of their sales were a fabrication.  At least you have the good sense to hold bitcoin.  We're all ready for 10k bitcoin... like yesterday!

Haven't been online much recently, did I miss much here?
Hi again to fellow hat wearers out there 

+1 WOsMerit


must...accumulate....more..



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+1 WOsMerit

sheeeiit



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I keep forgetting to post..post polling   


lets make up for that now.






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Jobs report maybe not as bad as expected...market remains neutral for the most part...buying of the dips in effect until further notice.  That is all.

They'll do what's profitable for them. If (or should I say when?) US economy will go down in flames they'll be happy to dump USD and buy gold, BTC, EUR or whatever else still having value...  

Trezor supporting some altcoins was a good idea, they made profiting from the BCH airdrop in 2017 easy.

I heard their accounting dept wrote down your coffee purchase as 5000 sold.

Neibhours...

Jobs report negative, stock market soars.

Jobs report positive, stock market soars moar.

Fiat printer goes brrr.

Such sophisticate.

In Italian we say that selling the reserve would be like "cutting your own d**k off to piss your wife".

They won't sell their reserves. The US and China are tied to each other in more ways than the rhetoric makes us think.