Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 02/07/2021, 02:17:49 UTC
I think we're looking at a boring summer. Fireworks next fall?

2 more months of flat or maybe 3 months?  Perhaps?

Between $25k and $46k?  Or would your projection of boring be more narrow, such as $30k to $38k?  Is the outter edges going to hold?

Perhaps a few more difficulty periods the mining situation should be more clarified regarding if there is shenangigans going on, or is the difficulty just going to adjust and mining hash power going to move out of China, no?

I am having some doubts about the smoothness of the mining situation, but we will likely see after a few more difficulty periods.

What's causing our current boring?  I still have to look at my phone at least 6-12 times per day, so maybe it's just me?  I don't even feel that I am "over-invested" but inquiring minds want to know if the price is moving in one direction or another..... is there a break out?  is there some other news?  Listen to the BSV retards in the past few days.. that surely is news, but did not cause their shitcoin to pump, but surely patent/copyright trolls do prevail from time to time and cause some seeming injustices along the way.

Isn't this the kind of "stability" that so many forum members had prayed for, but might not like it when the actual "stability" is here?

I surely can agree to the potential sustainability of a flat that happens in the 30% ($46k) to 60% ($25k) correction arena as compared with the sustainability of a flat that was being "hoped for" earlier in the year in the less than 15% correction arena (in the supra $55k arena), because this arena seems a wee bit more sustainable than one that would have been so high within our previous movement UPpity.. and especially since we had experienced a 6.5x price appreciation between September and April/May and really no meaningful BTC price corrections during that time.

I doubt that we could really proclaim that this price area is really truly boring..  Can we? .. There's gotta be some behind the scenes battle going on that's gotta get resolved one way or another, no? even if it could take a few months to resolve, as you seem to be suggesting d_eddie...

Maybe many of us would like a quicker resolution of the behind the scenes price battle, but king daddy no does not seem to work like dat.