Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 18/11/2021, 17:07:35 UTC
⭐ Merited by Farmer Bill (2)

That's bullshit.

bitcoin is open to everyone and anyone, even though there might be some traits of conviction and bucking the trends that relate to some of the early adopters who also understand bitcoin sufficiently enough (or are willing to take some chances on it) to both invest into it and to HODL through the negative periods.

It's almost too difficult to attempt to generalize too much about who are what bitcoiners are even though there are various types that have historically existed an there are certain types that might either go through a shitcoin journey before coming over to bitcoin and their experiences and views of shitcoiners might help to define what kind of bitcoiner they are.  Oh yeah, and there are some bitcoiners who are active in forums like this and some bitcoiners who are not.. so youcannot even necessarily judge what a bitcoiner is merely based on the postings of the more actively interactive of bitcoiners even if you might be able to suggest that "an active bitcoiner is like x, y and z" but sometimes even an active bitcoiner might not be telling you about himself/herself even if s/he is posting ideas about bitcoin as a topic.

Oh, as I was typing, I realized that there was another kind of bitcoiner too.. There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin and whether or not they can provide good reasons for why they are in bitcoin can vary quite a bit too...We are still very new to the bitcoin space, and surely with the passage of time more and more members of the public will come into bitcoin, and largely who is in bitcoin will just become something similar to asserting who is into the dollar.. nearly a meaningless framework - even if now there are some ways to attempt to contrast who's into bitcoin and not and even the fact that those of us into bitcoin are still quite early adopters and those who are coming into bitcoin are early adopters too and some of them recognize that dynamic and others are less clear about the whole matter - nothing wrong with not being very clear about something that is relatively  new in terms of its age and unclear in terms of what some of its future impacts are going to likely be.

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

Of course, you likely have gathered that I remain personally disinclined to take any kind of BTC price dynamic for granted - especially if either time or quantity of movement are too locked-in.    And, of course, if any of us were a whale, we might have an incentive to force the opposite of what the vast majority of normies are expecting.   

We know that in bitcoin we have some hard/physical realities that have historically caused several bearwhales to get reckt as fucked by carrying out their actual bets against bitcoin, so surely over the years, they have developed more and more tools to be able to bet against bitcoin without actually putting any bitcoin at risk so attempting to fuck around with bitcoin's supply - and surely whether those naked shorting abilities are going to end up biting them in the ass is still to be found out.  I would not proclaim to know much of anything about these topics, and there are quite a few of us (including yours truly) who are willing to continue to bet on UP.. and maybe even continue to count on historical experiences that have shown us that betting on down and/or inadequately preparing for UP has been a place where many normies (and even experienced) bitcoiners have gotten tripped up in the past.

By the way, we are having some ongoing downity as I type this post (which makes it more difficult for me to lock-in what price we are at exactly as I type), so currently we have gotten down to $56,814- which is about a 17.5% correction.. so it is not an insignificant level of correction (and does not really seem to be over, yet), even though we know that more extreme corrections that even go into the supra 30% levels have commonly happened in the past while we had then been in the upwards phase of bitcoin's price movement.. just my long-winded way of asserting that I am not worried yet - even if you, LFC, are asserting that "we are supposed to be going up" which is largely a bunch of nonsense to be proclaiming that we (meaning king daddy) "have to do some certain level of price performance exactly on schedule.. blah, blah, blah".. and yeah for sure, I agree with you that it becomes way more difficult to be reaching PlanB monthly levels when we are moving opposite to what seems to be the right way to reach such numbers.. but PlanB can go fuck himself when he is also trying to too much lock king daddy into too much of a "must happen" schedule.