Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Just imagine what will happen when the selling stops, big investors pour in, demand increases, and the buying craze begins... And all this happening in a Halving year!
The incoming pump will be stratospheric! 6 digits guaranteed, soonTM.
I'd prefer using exospheric. The incoming pump will be stratospheric! 6 digits guaranteed, soonTM.
The bigger the dip the stronger the recovery.
2022 dip is a proof of that
Still surprises me why i barely feel the dip compare to how i was in the future
I still hate seeing red color though.
In 2022 dip, i thought lady luck had a personal vendetta against me.
that is a strange view of bitcoin and contains a kind of presumption that bitcoin's price slope is inevitable, which surely I question how much something like that can be relied upon - even though we likely understand that there is a certain power that comes with digital scarcity in a kind of asset class that never previously existed.. so that does likely lend to a certain amount of UPpity inevitability, but still I question about magnitude, time and various set backs, even though the price has a lot of ongoing UPpity price pressures.. even when there are various attempts to manipulate and to attack, but if from time to time there are needs to produce the coins (or to show that you actually have them) .. or even distrust in others holding your coins, then it becomes a lot harder to not enter into risks if you don't have the coins that you claim to have....
What i meant was despite how huge a dip would be
Bitcoin recovers bigger (reference 2022-early dec 2023)
You are probably not completely wrong - but it is just a weird thing to say, and you might realize that some of us, including yours truly, sometimes get lured into these kinds of arguments about semantics.
I sometimes get worked up when members post various conclusions and opinions about which way bitcoin is going or how much it is going there without any kind of explanation regarding how they arrived at such conclusions, but a lot of members do those kinds of things, and also talk in terms of black and whites, so it leaves them open for criticism, even if many times in the real world people do tend to predict the future in those kinds of ways, and if someone asks you:
What do you believe the BTC price is going to be in:
2 weeks?
1 month?
3 months?
6 months?
1 Year?
2 Years?
4 Years?
8 Years?
12 Years?
20 years?
50 years?
100 years?
133 years?
If people who are somewhat knowledgable about bitcoin are willing to attempt such price prediction, they will tend to give fairly narrow answers..and it is likely going to be more and more difficult to give a specific number for each of the dates, the further you go out, so they would more likely give a range. Surely these are not easy, and surely some of us might feel like throwing up our hands, or even asking why such questions even matter...
I probably would ONLY give answers in terms of my latest entry-level fuck you status chart (which attempts to project the 200-week moving average or the BTC bottom price), but at the same time, the latest entry level fuck you status chart that I have published on the forum ONLY goes up to 2074 (50 years), even though I have one on my private Excel spreadsheet that goes 133 years to 2157. .. but probably more and more difficult to have very much confidence the further out that any of us attempts to project, even if we might provide formulas (or attempt to show our work) for how we might have had arrived at such projected numbers.
Oh and short term might be even more difficult than long term, even though we can start with today's price as our base case.. and we could also compare today's price with the 200-week moving average in order to have some kind of an attempt to project - as well as where we are in the 4-year cycle and maybe have some other ideas about both stock to flow ideas also how BTC price might relate to what seems to be exponential s-curve adoption based on Metcalfe principles and network effects (the 7 outlined by Trace Mayer).