Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Getting sick of these dips now. Starting to doubt my confidence about new highs later in the year now 
Edit - Not selling obviously but not feeling particularly bullish atm.
Edit - Not selling obviously but not feeling particularly bullish atm.
Same here. But rather than not feeling bullish, I am feeling the point to buy the dips is coming soon.
Buying the dip soontm..
but what does that mean?
When?
How much to buy?
Is that the bottom or no?
We will know it when "we" see it, right? (P.S.,. we may have just seen it, with our spikening down to $39,573 within the past 30 minutes - coupled with our recovery.. back up to $42k.. perhaps? perhaps)
the spirit of Bitcoin is low these days, the price dump is heavy and people are unsure where this will lead to.
dont worry.
it is at the same place where it was around 30.09.2013.
in about 8 to 12 weeks we will have another great peak in the 200k to 400k area. Sit tight and hodl and look forward for these amazing times to come.
dont worry.
it is at the same place where it was around 30.09.2013.
in about 8 to 12 weeks we will have another great peak in the 200k to 400k area. Sit tight and hodl and look forward for these amazing times to come.
I surely have my doubts in regards to this exponential period playing out so similar to the 2013 fractal that you suggest to be relevant here.
Sure, anything can happen, but I am expecting that even though we may well be able to make it through $55k to $80k without much if any resistance (once we get into that price zone), at the same time, I would expect that we will see some resistance before 6 digits.. and yeah, your peak of $200k to $400k does come off as a fairly reasonable price range for a peak.. even though there would not be any kinds of assurances that this peak would necessarily end within such range or even play out in the next 2-3 months, as you also seem to be suggesting as a kind of "given." In other words, we could have a price peak for this particular cycle that takes many more months to play out, even going as late as the third quarter of 2022.. even though I would expect that the odds for the peak happening sooner rather than later in 2022 (if it were to drag out into 2022)- second quarter more likely than 3rd quarter and 1st quarter more likely than 2nd quarter.
Overall agree. The top of the cycle can be postponed Q1 2022 even I don't really see a top very late in 2022. Except if we don't go so high as expected (I mean like the usual parabolic end of the cycle) and we just go up step by step, slowly. If happened, the down would be probably on the same way, without seing -85%+ (top to bottom, as we saw till now).
BUT i still believe in Halving timing, so anyway the top (fast or not) cannot take so much more times..
PS : Not agree on the 55-80K. If we crush 55K (or from previous ATH 64K), I don't see much reason to stop at 80K instead of 95-98K for example (just below 100K). Would be "only" a 50% up from previous top. Nothing crazy.
Those are all fair points, even though I have some quibbles with you in regards to downplaying the strength of likelihood that we have future 85%-ish price corrections, and I also will quibble with any kind of implication that you might be making in terms of a vision of possible future BTC price stability, at least in the short term of this cycle or the coming one to two more cycles.
In other words, even though bitcoin markets have been picking up a lot of financialization products and also a lot of BIGGER investors into bitcoin who are not too likely to be selling their BTC and also providing BTC price support, I doubt that we are going to be able to remove our lil selfies (referring to the bitcoin market) from high levels of ongoing volatility - that still seems somewhat inevitable when in the midst of war. In other words, do you (or any other regular member here for that matter) really believe that the greatest wealth transfer in history is going to play out without some extreme battles both in the physical space and in the informational space - that ends up reflecting upon BTC price movements (likely extreme, if you had not absorbed the implications that I was attempting)?