Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Nice bear market rally.
Dont be too happy.
12k coming fags.
No, 12K won't come with just a measly market rally buddy. Now you see what Cathie Wood said: Inflation is the confiscation of wealth. People need BitcoinDont be too happy.
12k coming fags.
Likewise, the words of a Strike CEO: Bitcoin will run by itself no matter what. Bitcoin is unstoppable ✊
And I totally disagree with what Billionaire Charlie Munger said: Bitcoin is not a currency or a commodity, it's a gamble. Source: https://twitter.com/BitcoinMagazine
This means that 12K is not what many people expected and because more people need Bitcoin as Cathie Wood said, the increase in the price of Bitcoin will be more dominant to occur in this year than the large rally or bear market as happened last year
Fuck Charlie Munger in terms of his lame-ass assessment of what he believes "bitcoin is" or how any kind of normie should consider their bitcoin allocations and/or BTC accumulation strategies.. that fuck is misleading people and should not be cited as if he were some kind of source of authority in terms of bitcoin, even though he does seem to know a lot of other things about investing.. he seems too busy trying to defend his legacy since bitcoin is ongoingly eating the lunch of various aspect of his legacy.
So far 24K being rejected multiple times doesn't hurt much. BTC has plenty of time this year and the first half of 2024 to climb two more floors and stabilize around them - 30K-ish and 40K-ish. For those who doesn't get my thought - by stabilizing I mean the median price yearly speaking. This means that for a short time the price can climb up much more but then it will drop back and stay there for a longer period. So, the year high could be 50K+ but the median price around 30K. This is what is important for the next bull market, not the spikes. I really hope this will happen, but there is still a possibility of returning to sub 20K prices if the resistance 24K holds for too long.
You have been in bitcoin long enough that you "should" realize that bitcoin no doesn't work like dat.
I suppose you forgot... but your ideas of stability seem to be a wee bit "pie in the sky"-ish and "negative" - if both things might be possible at the same time?
Historically, however, any price resistance far below a round number has never been a psychological barrier, so 24K shouldn't be a problem.
True. We should not be attempting to read too much into round numbers, even if they might contribute towards talking points and even if the BTC price might seem to revolve around them for a while, in bitcoinlandia, round numbers seem to largely have had a lot less significant than peeps make them out to have.