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Topic
Board Speculation
Merits 8 from 4 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/04/2022, 19:27:32 UTC
⭐ Merited by El duderino_ (5) ,Toxic2040 (1) ,Hueristic (1) ,AlcoHoDL (1)
def seems like more down than more up at this point


.....................


I dont think bitcoin has the strength to move against the markets right now
i just dont
i wish it would...I really do...would love to see it pump back towards ath's and beyond
with the current macro economic picture....seems a big ask

find places to stack sats and DCA in    and dyor

For sure, we really know with King Daddy, and largely we can appreciate that a vast majority of the time, King Daddy moves with the other markets - except for during the times when it does not.

I am not even sure if historically there has been any kind of an exact pattern regarding those few days (or weeks) per year that you better have had been in bitcoin , because in those kinds of times, there is a wee bit of a shift up, and then the price never ends up coming back down to prior levels - even though the BTC price could well end up correcting a lot.. it just does not end up coming back. 

Probably our most recent example would be the jump from $10k to the $60ks.. yeah we got a correction and even pretty damned BIG ones, but now, would anyone be surprised if we are never ever able to buy BTC below $20k ever again?

Similar in 2017/2018 when the BTC price correction was back down to lower $3ks - there was a lot of times (and even fairly convincing talk) that BTC prices would correct below $3k - but they never did - even though as late as March 2020 there was "almost" an instance that the wet dream of getting BTC below $3k was close to being realized - but as low as the BTC price got was $3,850 - and at some point, those ongoing fantasies for getting BTC below $3k became more widely considered as fantasies rather than something that was actually going to happen.

I can remember some earlier price points as well.. including the wishes for sub $500 BTC in early 2017 (that only got as close as about $850 in March-ish), and then the hopes for sub $100 BTC in 2015 - and any folks who got BTC in the lower $200s or even sub $200s ended up being lucky as fuck, because once BTC bounced up to $500 in November 2015, the lowest correction that happened thereafter was a brief bout with the lower $300s in November that ended up gravitating in the lower $400s for the remainder of 2015 and largely until the end of May 2016 when even sub $500 prices became no longer any event - even though, like I already mentioned, there were quite a few famous and smart peeps (including Vinny Lingham) as late as March 2017... those wishful thinking and perhaps even scamming fucks to contribute towards influencing possibly gullible folks from adequately and sufficiently preparing for UP, even during BTC price uncertain times... which are likely never really going to go away..

and even if we cannot really ask BTC prices to buck other macro trends - there have been several times (some of which I mentioned above) where UPpity shifts in BTC prices have not exactly lined up with whatever other macro happenings may have been taking place because seems to me that the honey badger does not give too many shits about those kinds of things and when s/he/it is ready to move - then so be it.. and maybe even reckening a few naysayers and doubters along the way.. and it surely would be nice to see some of these future fund administrators (or whatever they are called) to get fucked up from their seeming to be playing around with bitcoin that they do not actually have... other third parties are doing that too.. so let them get reckt  - even if some innocent folks will get hurt too because they did not keep a sufficient number of their bitcoin within their own possession rather than investing into fractional reserve systems that are not going to fare too well if there were to be a face-melting BTC move within only a 2-5x territory - and we have surely seen those kinds of moves in the past - and I really see little to no evidence to really convince me that bitcoin's market size is TOO BIG to sustain that level of an ant pumpening.. .whether now, 3 months from now, 1 year from now or some other timeframe that ends up giving few shits (if any?) about whatever might be happening in clown world.