Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
No need to think that way.
I know. And I usually don't think that way. But sometimes I do remember and... well...You likely need a batman slap or some other similar kind of concrete and memorial physical intervention.
Kind Daddy
I don't really like this new "naming" convention based on a lackening of descriptive value.
I wonder what they'll be saying when Bitcoin drops from $400k to $300k. "Bitcoin is dead", surely!
There won’t be any drop from $400k to $300k:
“It’s going up forever Laura”
Hahahahahaha
I forgot to say that even though overall I agreed with Saylor's lecturing Laura regarding how she was thinking about bitcoin, I did not agree with Saylor in terms of having any fucking clue about the degree of BTC price correction that we are going to see in the future, and so his assertion that there will NOT be anymore 85% corrections seems a wee bit pie in the sky, and even if he ends up being technically correct, he also seems to be implying that there may well NOT be greater than 50% corrections or even something like 70% corrections... So in some sense even Saylor seems to be a bit pie in the sky about this.
For example, I can envision a world in which Saylor and some of the other fantasy fucks are considering that BTC is entering into a supercycle and never going to have considerable corrections blah blah blah.. and in this cycle they end up pushing BTC prices up to $1.5 million in their irrational exuberance and getting others onboard to such fantasies. Then what would be a correction down to $200k-ish? That would be 85%.-ish.. so yeah maybe no more 85% corrections are going to happen.. blah blah blah.. but king daddy no doesn't work like that and if there is a trend to be taking profits coming from the masses (called a trend), then you can get all kinds of rich fucks investing into BTC and trying to prop it up, but they are outnumbered by the sellers who are trying to drive down the BTC price as low as they can and to keep it down for as long as they can, and whether they achieve $200k in this particular scenario or some lesser or greater number.. who fucking cares, it still ends up in a pretty damned BIG ASS price correction that scares the shit out of participants and motivates them into taking profits during the correction including at the bottom of the correction.. just like they have done historically and are likely to continue into the future.. whether peeps believe in a supercycle bullshit or not.
You heard it here first... hahahahahaha