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Merits 12 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 02/02/2025, 22:15:04 UTC
⭐ Merited by El duderino_ (10) ,Hueristic (1) ,OutOfMemory (1)
Are you still monitoring PlanB, or did you completely switch over to the power law model (IIRC)?
Oh I retired from PlanB last cycle, he blocked me on X for calling S2F also Cheesy
You wanna elaborate what you mean for us here that don't follow these flash in the pan astrologers?

I think that there are ways of being fans of PlanB without getting overly wedded to the specifics of his analysis or even some of his price targets can be a bit over the top, so for example in PlanB's latest presentation that OOM linked, PlanB mentioned that he expected a minimum of 3 red dots this cycle which was like 40% price increase for each of those dots, which seems to be a bit outrageous when he is framing it as a kind of guarantee.. even though it surely is not unreasonable .. just the guarantee part (from my perspective).


PlanB seems to understand bitcoin pretty decently, so it seems misplaced for guys to seem to love to be hating on him so much... If we are mad because we believe that he is misleading folks with his over optimism, it seems to me that guys need to take responsibility in regards to how much to rely on future projections, and PlanB has not really been wrong in any way, except for degree.. including some of his earlier lame-ass floor proclamations from 2021.. that ended up not being floors (perhaps ceilings for that time frame).. so yeah, he sometimes goes a bit overboard, but still decent analysis and framework to continue to consider bitcoin in 4-year cycles.... to plot out a lot of ideas that a lot of us already have but to put it more into a kind of digestibly viewable presentations (charts, lines and dots and such) and mathematical formulas... oh and if we are saying that there is nothing that we can learn from PlanB's charts, squigglies and his discussions, then we might well be blinded by our own stubbornness.   Tongue Tongue


By the way, a little side note about BTC price go down.  Sometimes I feel a bit of solace in our own BTC price go down circumstances when I see ethereum and other shitcoins going down even more.


I doubt that we can predict the future like that.  With that pic, you seem to be trying to say that Trump's turning his head saved us.. ... that's a pretty BIG eye roll assertion (and you are not the first one who proclaimed such seemingly wishful thinking "trump savior" nonsense).

I'm prepared for downity this time.
Hope u're all too.

My laddering sells started at $100k, so if we go lower ($90k was "max pain" price of expired options), i will buy in again, otherwise my old van will be replaced this year.

Wow.. you seem committed to being a low coiner and/or selling too much too soon.

Also you are selling to buy back  cheaper, which is  a "no, no"   

But hey you can do whatever you like, even dumb things... .except you are bragging about it on the WO, which deserves some kind of a bat slappening.. maybe   a baby bat, just for fun?   .. .but yeah, we might not have to worry about batslappening you since the market might help to teach you a little lesson.. perhaps? perhaps?

Another thing is that you should not be selling any BTC unless you mostly already have enough or more than enough, but any sales that you do should be on the way up, not on the way down.. so you need to go back to bitcoin  HODLer 101 school.

All in all, less than 50% of my payout goes into expenses, the reamins, which are less than 60% of the part i decided to sell, will be used in the next bear market to restore my Bitcoin balance.

The mere fact that you are anticipating some future payment so that you can buy more bitcoin should not excuse you from being dumb in regards to selling BTC, expecting  to buy back cheaper, but  really just selling BTC because you think that Larry Fink and Michael Saylor don't happen to have enough cornz.

And another thing... I thought that you were still awaiting a hearing (or a decision or something) in regards to your potential upcoming payout, so in other words, the money is not in the bank, and you don't have any guarantee of any payout until the fat lady sings, am_I_not_rite?