Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 21/08/2022, 00:11:04 UTC
⭐ Merited by JayJuanGee (1)
it seems that sub 20k is confirmed by math and science now....

btw where is the Lama when we need it
not so long ago for the WO, the prospect of twelve hundred USD seemed like a pipe dream

One Bitcoin trading for the then price, of an ounce of  gold.

Then to see One Bitcoin trade at it's peak for the price of One Kilogram of gold.

Can you imagine how ecstatic I am at today's low price Bitcoin trading for $21 thousand.

Beyond my wildest dreams.

Maths and science confirms the show has barely started

Even Llamas are going long.
I know what you mean.  It's been a decade long ride for me too.

But you know what kind of innovation we are dealing with here.  And seeing prices being at and under the last cycle's peak, which was almost 5 years ago, tells me that something has changed. (We also didn't have the usual strong parabolic)

IMO we are about to enter Gandhi's "then they fight you" phase or we are already in it.  Bitcoin is now old enough to take part in the big boys' game.  And they will play with it.  Of course, I hope they'll get burned.  But as long as they have limitless Dollars as the world reserve currency, they can push the market anywhere they want.  

Not much we can do apart from wait and watch..

*Takes out the popcorn*

Wow!!!

Quite bearish and depressing, Gachapin.

 Cry Cry Cry


Are you trying to ruin dee moo?


 Grin
Nah.. I'm super bullish.  You just have to be, if you get how big of a human invention BTC is.  But short/mid term movements are not always in our favor.  And any invention has its opponents. 

Maybe next time I will add a disclaimer that I'm always 90%+ in BTC and that I didn't sell a single sat for 7 years (apart from stupid forks and freebie airdrops...)
 




Same old "smack the price down a few times to demoralize those who might push it back up then accumulate at a discount" play, methinks.
Sub 20 would do the job.

But a new cycle low would create a lot of new mindrusts whose coins could be scooped up for cheap...  
I think in this scenario, we could hover around 20k for a month and then make a deep dive

edit:
seeing some buying going on.... 
be cute and reverse, dear BTC

It's getting worse with each post.

This is labeled the "downward Gachapin deathspiral."   Cry Cry

That's funny...
Remind me to use "downward deathspiral" as my personal text, when parabolic bull season has begun  Cheesy