Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9657. (Read 26608405 times)

Yes.. What do you know is correct.  That chart does not seem to have too good of odds of becoming true, and surely seems to be perpetuated by someone who is looking more forward to down than up.

We cannot be too certain that down is not going to happen, but the degree of down that is depicted in that chart seems to be a bit over the top, and does not really seem to align with either current BTC price dynamics or what seems to be in the cards of bitcoins short to medium term price dynamics, in the coming 3 months to 2 years.   It seems quite likely that we could top, our next up trend in less than 2 years, and your chart seems to be requiring close to 6 years to accomplish such toping...

Maybe your chart is correct, but something seems to be a bit off about the chart, in terms of current bitcoin price dynamics and future likelihoods.  

Edit:  I see from subsequent posts that I probably should not be taking the substance depicted in the chart very seriously.  Whoops...


Hairy seems to be suggesting $200k to $350k to be in the ballpark of the top, which also seems reasonable, even if it also seems a bit of a stretch, too, based on current prices and how much value is going to have to go into bitcoin in order to achieve such a pump that is largely modeled upon fractal comparisons.


It would not necessarily be prudent to attempt to time the exact top, and like you said, a bit of a difficult task in any event.

FTFY by adding a condition.  

I would not want to make the ideas too long, either, but even the no coiners and fence sitters are likely to profit from bitcoin in terms of the creation and promulgation of a system that is more fair and creates incentives to keep other actors more honest.  So, if some of those no coiners and fence sitters start to take a stake in bitcoin, too, they might not get rich right away, but they still have very decent chances to profit from bitcoin, even if they feel that they were relatively "late to the game."

now this is my kind of bear market

You going to rob a bank so you can buy some more bitcoins?  Or you are going to "over" leverage yourself because you can really see up?

As a side note, ya'll need to quit meriting our resident troll-who-must-not-be-named. The asshole has nearly 300 merits, but gives back merits to no one else.

He is not funny. He is not cool. He spews a bunch of worthless crap. He is a fkn troll. And he won't leave.

Stop meriting him pls. And for the love of the godz, don't quote him.

I might give it to you, kingcolex, that halvening does not explain everything in terms of BTC's price movement in the last cycle, but wouldn't you concede that you could have upwards BTC price pressures that are happening around the halvening, both before and after, and even the ones that are significantly after, could be a kind of catching up to restrictions on new supply.

Of course, in 2017, we had some other seeming resolutions of some contentious issues in bitcoin that largely resolved in favor of status quo bitcoin, and those kinds of resolutions either contributed to the existing upwards price momentum or gave it a boost.  Surely, the 2016 havening should not have hurt such upwards momentum.. that likely got a bit out of control, even once the upwards price had surpassed $6k-ish... but whatever, sometimes momentum and exuberance can be a part of the whole price pressures adjustment situation that goes along with price finding too, that can take years to resolve rather than merely happening around the exact time of the halvening.

I don't know.  Maybe they want the dog for the "love" rather than the smartness, even though the dog would not be able to defend for itself in nature?

We are not completely that attached to nature in some senses, anyhow, correct?  Especially when it comes to pets.

The world evolves in a variety of ways, roach, and personally, I find it much more healthy to attempt to live in a way that accepts the rest of the world for what it is and attempt to find my own place within such world as it already exists.  Surely, there is nothing wrong with asserting preferences,  but it could be a bit problematic to attempt to impose too much prescriptive value onto the variety of differing choices of others, even if some of the differences seem illogical and less productive and even contra-productive.

Sometimes we are also able to profit individually from the known dumbness of others, such as folks who might know about BTC for a long time, but fail and refuse to take a hedge investment into it because they are waiting for Armageddon. Sometimes, if we are personally investing our portfolio in a more prudent and realistic manner, then our portfolio has some kind of advantage of seeing the matter more clearly, and we can profit from the dumbness  or the late to the partiness of others.

I worry about that too. Happened too many times recently. Could have used it to gain a lot from trading, but I'm in HoDL mode (as always), so I just observe alternating reds and greens... I think the 2018 mega-pump and subsequent dump will drive many to SoDL as we climb to $20k and beyond, thus slowing the rise.

Got to be patient and hope for 6 figures by 1-2 years post-halving (quite possible IMHO).

Are you better at long ones?   

Comparing yourself with roach should hardly be the standard.

Also, regarding humor... no problema...  Surely, there is a decent variety of humor herein.. and it surely is within your "artistic" discretion regarding where or how far to go and if you consider your humor to be contributory in terms of whatever message that you would like to emphasize about your topic or yourself or your avatar.

all fucking morning c800 no work!
Debug c800?
yep
ESDI
ESDI?
Yep D800
D800?
g=D800:5
Shit.
yep

2021 is my limit. I hodled for 5 years now, not payed out a cent. At some point you have to Sodl. Of course investing 75% in other "safe" things, wich I have to figure out.

+$1000 in 4 days, very nice.

The problem is because the market is fairly easy to manipulate atm I can see us touching 11k & then a whale or two dumping hard to take us into the 9k’s again.

There’s no FOMO atm so it’s relatively easy to make quick, easy & fairly significant profits if you have deep enough pockets to move the market.

I dunno Frank, that looks malignant, you should get it checked out.
Yeah, probably, hey wanna go grab some chili-dogs?

Nice & gently... So satisfying to see it rise like that...

$10,600

-- Damn, you mining BTC with that bro?
-- Naah, just HDs to store BSV's blockchain...

Now where was that 1337 unit again it is overclocked and undervolted but only hashes at 66.6 Th/s!
Screw it the whole operation is ruined.
Maybe we can sell these off to genesis-mining.
Those guys will take anything and charge them thinking these will mine coinz for them. lulz!

That is one year old chart. And it is currently totally off. Just put in the current price in and see how far it is from the line.  I have no ideas what you see is to good here. It is telling us that bottom had not happened yet.