Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Bitcoin can't be for everyone, it's either some are hodling or some are selling at any giving price. If everyone decides to hodl and sell when the price is high, its impossible. Bitcoin is made particularly for the strong people. 💪

Nah it’s for everyone, you forgot that people can also use it. It’s 1 million times better than other currencies, so it will simply become a dominant currency over time, where people also use it. Bitcoin is the valuable thing, not fiat. Some people just realised it earlier than others, that’s why they’re profiting. But people can still use Bitcoin later on when they missed out on the opportunity, as it will still be a much better currency and thus benefits them. No inflation, Self-custody, censorship resistance, no middleman medium of exchange etc. It doesn’t matter if someone in 100 years made money from it or not, as there is no better alternative form of money and thus it benefits everyone. So it really is for everyone. We just have the opportunity now to get sats for cheap, because people are still unaware.

someone with a strong grip will be the winner. and bitcoin for those who hold strong.

actually people are now starting to be aware of bitcoin. Yet many are still afraid to get started and enter. because the anti-bitcoin media is constantly making news that shakes the beginners who want to enter. only people who really study bitcoin will survive. whereas those who just follow the hype without going deep into it will only become paper hands and they will feel sorry later on. 5 or 8 years later they will say "if I used to hold bitcoin firmly until now". but their regrets will only be like foam in the ocean (meaningless).

Three bots all quoting each other and replying.

Hilarious.

Oh god you are delusional sometimes... Roll Eyes

You would not know a bot if if slapped you in the face (bot, not bat) even though admittedly your anti-newbie comment is funny.. Cheesy

Quote from: OutOfMemory on Today at 05:44:59 PM

So i got two scenarios in mind:

1. Bitcoin upity getting rejected in the $24k to $25k area, correcting a bit before further up moves.
2. Bitcoin goes up to $26k-$27k before correcting short term.

WO traders, any opinion(s) on this?

Remember 2019, it ended up going around 3.3x before any meaningful correction.

I have my doubts about 3.3x being likely because we then get into the deadman's zone and even too close to the ATH.. so anything up to 2x (such as up to $42k) as and even 2.5x (up to $52k - as a very high extreme) might be within the extremes of UPpity that might still end up having decently high correction come thereafter.

Don't get me wrong, I am thinking that a 2019 scenario would be quite unlikely under current circumstances - but you never know with bitcoin.. so maybe a mini-me 2019 scenario could end up bringing us into the mid-$30ks before correcting back down to the 200-week moving average.. and maybe putting us more into something like how 2015 played out with our break down below $200 but then a break out up to $317 in July and then a reversion to test $200 one more time before finally breaking out more BIGGEDly.