Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OutOfMemory
on 20/03/2021, 19:43:58 UTC
Price going down yo!

Every time we get anything close to clear of $59,100.

Hmmmm.


Patience.
We had that before, in February.
Just wait out for the higher magnitude pump that breaks through and lifts the price to around $65k, before we get another little correction.
We're still oh-so-early  Wink

Not very early, but 'midterm', maybe, like AMZN from 2008-2010.

I meant early within the scope of this year.

That's a pretty whimpy reply, OOM.

You really believe that it is going to take much more than a week or two to get up to $65k?

Oh?

I see that you twos seem to be attempting to refer to a kind of estimation of when the top of this particular peak might be?  Or maybe you might be referring to early as in we are going to be having a few peaks before bitcoin might start to level off.

Oh now I am confused.


Not more than i usually am  Cheesy
BUT
nevertheless, i just said we're still early (in whatever "cycle") for high hops in price that frequently. I am not awaiting daily $5k pumps, more like weekly (at best) or twice a month. Later, when the FOMO kicks in like mad, the peaks will move closer together, until that point of no daily correction/dip happening on the way up, regardless how high we might get.
I am not expert enough to time the top or start of bear market in any way.

Quote
The fact of the matter does seem to be that even if a lot of normies continue to consider that they are late to bitcoin because it had peaked several times, and it is being bid up by institutions and other kinds of early adopter front runners, normies are still going to likely profit considerably even if they wait for supra $150k, they buy in at $500k or even higher prices.  Sure, none of these matters are really guaranteed, and of course, if normies buy in at the top of a cycle, then they might end up feeling a decent amount of pain for three years or perhaps even longer.. maybe even 3-7 years?  There is no guarantee that our ability to profit in every single damned 4 year period is going to continue, but just imagine if folks like Saylor, Musk, and some of the relatively BIGGER institutional players end up overhyping this particular cycle into the $1million to $3million range, which surely could cause decent chances for a longer bear market - especially because during the hype cycle (referring to our current one) a bunch of folks start to believe the nonsense about a supercycle and the end of bear markets and blah blah blah.. a lot of that other likely to be shown bullshit, then yeah, the resulting bear market could end up dragging out longer than our previously experienced bear markets that had caused no one to ever lose money so long as they at least held for 3.6 years or something like that.

Thoughts in non linear manner, which i basically like the most, are way better than their linear counterparts, which are normal.
You should have an edge with this type of multi-dimensional thinking, since economy is a complex system, where linear thinking usually doesn't work well.
We surely will have some stories to tell about bitcoin in the next years/decades  Grin Cool