Quote from: philipma1957 on August 04, 2024, 03:32:34 PM

well i am filling my bags and fees are down 2 positives

but i prefer a good move up.

the btc market is looking more and more like a yo-yo for billionaires to toy with.

Yeah.. I had right around 7 buy orders fill between $65k and $54k, and so I surely don't find the filling of buy orders to be particularly fun, unless the price ends up bouncing.. Sometimes it can take a while to bounce,.. and who knows? I never claim to know about these kinds of matters.. Is it going to bounce or not? Sometimes bounces are clear and other times they are not.. and the only thing that we can really say is that there has been a dip, so we might get guys like OgNasty coming in and saying, "I told you so," and frequently many of us hate if those guys get their buy orders fill, but shit happens.. so if we are supposed to be prepared for either UP or DOWN, then in times like these, we can verify the extent to which we are "in fact" prepared for DOWN that ends up happening.. and anyone going to do a mindrust, yet? We are not even close to mindrust levels of capitulation, yet.. even though surely another 4 years later liquidation event would not be completely out of the question, but we are likely going to need much more drop to get to those levels.. Do I even want to suggest some numbers? Probably not.

Another thing is that so much positive news and then the BTC price does the opposite of the seemingly positive news, so yeah, this is not completely unusual behavior for bitcoin.. even though we are never guaranteed that the BTC price is going to go up, yet many of us continue to invest into bitcoin because its investment thesis is not getting weaker, even during frustrating times like these.

Quote from: Richy_T on August 04, 2024, 03:39:23 PM

Quote from: philipma1957 on August 04, 2024, 03:32:34 PM

the btc market is looking more and more like a yo-yo for billionaires to toy with.

It's the "people are at church" knock-down again.

There is nothing really new here.

Frequently when weak hands are being shaken out of their coins (or from the trees, or however the shaking goes), the end of bitcoin feels imminent, so why should now feel any different? Do we ONLY want "comfortable" corrections?

Quote from: uneng on August 04, 2024, 04:17:33 PM

Quote from: NotATether on August 04, 2024, 03:39:02 PM

What the hell is going on?

Who is dumb enough to be dumping BTC during election time?

I would like to know too. Justifications for this dump don't look convincing so far.

In the worst scenario, the market should be relatively stable above 60,000$. I can't see negativity enough to justify a new 50,000$'s.

Hoping it's just a final bear trap before the big pump.

It seems like the "down before the up" that many of us hope will not happen, but then it ends up happening anyhow... so yeah, there are likely folks who are expecting unrealistic levels of DOWN before they get in, just like there are always those kind who are never satisfied to buy at the current downity, and they always want more.

So? Whether more down is coming or not, is still to be found out. I have had enough of the down for now, yet I doubt that dee cornz gives any shits about the preferences of yours truly. Cry

It seems that previously I had mentioned something in the ballpark of my current threshold of potentially bouncing into negativity.. NOT mindrust level of negativity, but just a wee bit of disappointment, especially if we end up getting stuck around such threshold versus bouncing.. and yeah, sometimes there is a need for a clear and unequivocal bounce, yet bounces are not always clear and unequivocal.. sometimes the bounce comes when holdler are totally depressed.. and I have no way of measuring how long that is going to take... I am trying to consider some forum member who might be a bell-weather of capitulation.. I have some names in mind, but surely I would not want to say. and even if I were to say, I might not even be correct anyhow.

Quote from: modrobert on August 04, 2024, 05:26:54 PM

Red candles rain.
Oh this fucking pain.
Take us to the 70s again.

#NotReallyHaiku

I would suggest that a fix for the Haiku would just be to change the order of the sentences and perhaps add a word, then it would be NotReallyHaiku converted into Haiku:

Something like this:

Some Red candles rain.
Take us to the 70s again.
Oh this fucking pain.

Quote from: OgNasty on August 04, 2024, 06:54:19 PM

Looks like we’ve eaten our way to the first major support level that was established around July eleventh at about $56,700. I expect we’ll see that tested before this latest selloff is all over. Maybe late tonight. If that holds with a volume spike, I would consider it the first buy signal of this latest dip.

I thought you would chime in, oh holy one.

Cheesy

Quote from: philipma1957 on August 04, 2024, 09:41:47 PM

maybe 57.1k was it.

most of my buy ladder was sucked up ⬆️

If it keeps going down, you might have to sell, so that you can buy back lower.

Maybe the capitulator is showing his lil selfie?

Perhaps?

Perhaps?