Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
- that is the deadman's zone.. which just means that we are NOT too likely to spend much time there... so sure, you could end up being correct because we are passing through the deadman's zone and it happens to hit on your numbers.
Yup.
Swiftly through to January and ATH.
I am not going to put it past you, if you are observing that certain times of the year seems to end up in higher levels of short term BTC price movements, and I would not rule out the end of the year and even beginning of the year to have that kind of a BTC price dynamic.... even if such BTC price movements are NOT rising to the level of a blow off top (maybe a local blow off top, but that's a different story?).
And, sure another question, pass through or quickly enter and correct?
Time will tell if your hunch for passing through that price zone is correct, or premature.
Personally, I believe the more likely numbers are either below $17,250 or above $23,500 - and personally I think that it would be too optimistic to achieve above $23,500 in just 3.5 months - therefore $14k to $17,250 seem more likely by the end of the year...
This is fine.
Well, if we ONLY prepared for UP scenarios that could mean that we inadequately prepared for DOWN scenarios, which of course are also in the mix.
Would hate to end the year on a weak-hands purging, snot-nosed defi purging sentiment. but hey, cannot even be sure if such a purging will come or if it is necessary in the coming months.
There are sure a lot of crazies out there currently, and crazy people also carrying out crazy projects attempting to figure out which scammer can outdo the other in terms of scammer creativeness...
Will it implode before the end of the year, or is there additional runway for the newbies to come in and keep it going?
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I don't think he really cared or give much thought about the possibility of some people creating a fork no matter if it tried to bank on a similar name, most of the code, or reuse Bitcoin blockchain as an starting point.
Imo he didn't care or talked about it, because it was inevitable.
I am pretty sure that I had seen at least a few times that satoshi proclaimed that snake oil imitations were inevitable, even if satoshi did not get into particulars, one of the natures of any open source project is that the code can completely be copied, and satoshi surely discussed these kinds of snake oil imitation dynamics trying to mislead people away from value.