Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Citing Snowden as if he were a bitcoin expert..
Ok.
When you persistently attack and ridicule me for saying positive things about Bitcoin, it shows that you are not discussing these matters in good faith. (Either that, or you are against Bitcoin, and therefore against speaking positively of Bitcoin.)
Seems way too early to be making broad proclamations about the death of the significance of the 200-week moving average as a bottom.. or a bottom is or whatever we are going to end up calling it or changing it to.. if we even need to change it.. just depends upon context.. I am not going to presume more down from here even though it is surely decently possible to have more down from here.
You are showing the opposite syndrome of the nocoiner who says that he will buy at $20k, then at $20k decides to wait for $10k.
By definition, a bottom needs to be at least some sort of an approximate predictor of—well, the bottom. I think it’s reasonable to exclude very brief crashes as outliers—such as the deepest crash in the March 2020 Covid panic, which was extremely brief with a quick bounce up to just under 200 WMA. I think it’s reasonable to allow some little wiggle-room below, for a brief time—such as a few days in March 2020, among other examples.
Even assuming that the bottom is already in (maybe/maybe not), it is either delusional or dishonest to claim that $22.3k (200 WMA as of 12 June) was anywhere near the bottom for June of 2022.
"We " can focus on whatever the fuck "we" like.
You can go live your lil fantasy of hoping the BTC price comes down while you proclaim that you are not hoping for such all that you like..
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You are engaging in a little fantasy if you speculate that my characterization of my leverage f the last year or two going from 0.5% and up to 1% means that there is any chance that I would get liquidated..
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I may have already said too much about my use of leverage situation because you are so desperate and trying to grasp upon anything and leading your imagination into fantasies,
[...much insubstantive and unintelligent sneering and ridicule generally snipped, above and below...]
You can go live your lil fantasy of hoping the BTC price comes down while you proclaim that you are not hoping for such all that you like..
[...]
You are engaging in a little fantasy if you speculate that my characterization of my leverage f the last year or two going from 0.5% and up to 1% means that there is any chance that I would get liquidated..
[...]
I may have already said too much about my use of leverage situation because you are so desperate and trying to grasp upon anything and leading your imagination into fantasies,
[...much insubstantive and unintelligent sneering and ridicule generally snipped, above and below...]
Well, now you are completely off your rocker: Wildly accusing me of “fantasies” that are nowhere even near close to my mind, and are not shown in the text that you quoted—nor in anything else that I have said—say what, now I’m suddenly fantasizing that you will get liquidated? All these, rather, are your fantasies. You are simply projecting. It is a bit embarrassing that you are suddenly falling apart this way, when I’m the one who just got my assets nearly wiped.
It is particularly egregious for you to accuse me of fantasizing that you will get liquidated. Obscene. After I have been on an extended campaign to warn newbies that leverage is dangerous, you made a long post about your own use of leverage—arguing with nobody, for no apparent reason, that leverage works great for you. (Doth protest too much?) I curtly acknowledged that you are a sophisticated investor, then wrote out a list of warnings for any others who believe they are “sophisticated”. Now, I am fantasizing that you will get liquidated? You are nuts—and it shows much about your character.
If our positions were reversed, it seems that you would be fantasizing that I will get liquidated. There is no other possible reason for you to believe that I would think that way—but that you tend to think that way. That’s sick, and there is no call to project that onto me.
I am disappointed. I had believed that you had wiser judgment, and a more even keel in troubled waters. Although I allow that you may be generally upset as we all are lately, and all the moreso because so many of your earlier predictions were smashed by events that none of us foresaw, it is no excuse for you to go off on me this way.