Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7594. (Read 26720873 times)

Definitely. I miss the days of $2k pumps every morning 

I could live with that

We're going to have THE PUMP every day now, right? 

$11,000+ excites me, feels a long time since we touched those lofty heights.

Meantime looks like Bitcoin is doing well today. About time to see 10k+

Ooooh. I remember working on this stuff with other countries. The soccer fields turned into graves were pretty interesting to spot next to the little burned huts.

Reality exists. Oh well.

Great ideas, except the part about forgetting your password(s).  With bitcoin, and the power (and responsibility of being your own bank), you gotta stay active enough, at least, to check your passwords from time to time, even if it is just a couple times a year.

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

good thing i love my coffee then. i drink so much coffee a day an MD i worked with told me if i ever stopped cold turkey i might have a seizure. i never could get him to admit if he were joking or not.

Yeah, at the previuos graph (the one with the gold) the starting point was January 2019, and clearly there was no correllation in 2019.

That tends to be one of the perils of trying to trade before your position is profitable.

In other words, if you spend enough time accumulating BTC, then you are going to be in profits and ahead of the trade.

So one of the secrets is getting ahead of the trade so that the price is coming to you.

For example, if I spent the past three years dollar cost averaging into bitcoin, my average  cost per BTC would be $6k, so if i had invested $60k, I would have 10BTC.

So if I want to trade, maybe I would be trading with less than 1BTC.. but not even all of it at once, so maybe it would take me all the way to nearly $20k by the time that I sold that BTC, and if the price goes down, then i could buy back with the proceeds (supplemented by DCA, if I am doing DCA).  

In other words, I have to think through the consequences of trading any portion of that BTC, so if the BTC price ends up doubling and I do not get any BTC back, would I be willing to live with a situation in which I might only have 9 BTC at $20k, rather than the 10BTC that I have right now?  My personal approach is that if I am not able to be ok. with only having 9BTC at $20k, then i better not be selling on the way up.. otherwise, if I am o.k. with that scenario, then I am prepared for the consequences of my selling on the way up actions.

Oh by the way.. .leveraging is another story.  Just say NO to that shit.  You will thank me (and apparently UltraXBT via V8) later.


You are giving that dweeb too much benefit of the doubt.  He's not likely to "FOMO in" until about $60k or maybe a bit higher than that.

Indeed my friend, "in control" may not be the best word to describe the situation but you get the idea. I will be a bull when I need to be but not now, there are enough signals in the charts for a big crash coming in 1 or 2 weeks once May closes under 9.4k. This should be quite devastating and it is better to be prepared.


@nutildah: usually don't care about this kind of news to be honest, but thanks for posting

Surely a bit of a stretch to consider bears in control in these times, but hey dreamers are gonna dream.   

Went to grab some breakfast and suddenly BTC is up $200

I am pretty sure that the picture is much different if you take a longer time horizon and then you start them out at the same place on that longer time horizon.

In other words, it is not worth it to beat yourself up over either BTC's underperformance or correlation with stocks on the short term... even though it is still interesting to see, it is not reflective of the BIGGER picture, either in terms of from where bitcoin has come or where it is likely to go - relative to stocks.

His analysis is woefully ignorant of the fact that the Federal Reserve just injected a few trillion dollars worth of liquidity into the markets. People are idiots if they don't think at least a few billion of it is finding its way into BTC every now and then.

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There was some pretty serious riots across Minneapolis in the past hours. Here's a video of the police guarding the killer cop's house:

https://twitter.com/Gerrrty/status/1265911668632059904

Pretty nuts. It's like they are expecting an invasion or something.

Rejection again at 10.5k in February and 10.1k in May means bears have the upper hand. It's crystal clear  


Next time Bitcoin is trading @ 15k, it will still be a great opportunity to buy, in my model Bitcoin price can reach 85k if it gets past 10.5k and consolidate for a month above this price, but for the model to be valid, Bitcoin needs to go down to 3.1k first for a double bottom, then we can see 85k for 2023-2024.

But still no point in buying now if you can buy at 3.1k later this year. Well I would say 3.1k is likely but to be safe, buy more coins at 5.5k which is extremely likely to happen by July   No financial advice, do your own research. By the way you have one of the coolest usernames here.

Maybe people with only $400 of BTC