Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by vapourminer (1)
Going below $30k may well be problematic, depending on the circumstances.
I am thinking tentatively that the BTC price is never going below $55k again.. yet I always have difficulties in regards to overly building up conviction in these kinds of "never again" statements.
It's better not to use 'never again' statements, last time somebody used 'never again' he lost 0.0003 Btc I am thinking tentatively that the BTC price is never going below $55k again.. yet I always have difficulties in regards to overly building up conviction in these kinds of "never again" statements.
Fair enough. Nonetheless, there are some ways in which "never again" can be more realistically asserted,.. .and even my reliance on the 200-WMA could result in my having false sense of security and/or parameters... so if I am saying that during a bullmarket it is quite unlikely that we are going below 25% above the 200-WMA, and then during a bear market, I might not be willing to say how far below the 200-WMA that we might go without having some context. I am starting to think that the 200-WMA is going to start moving up at a faster rate than it had been moving up... but yeah, it would help for the 200-WMA to move up faster if the BTC price were to go up higher, too.
We have had times where members have called for quite outrageously low dip prices that go way below the 200-WMA, so it just seems ludicrous that they would be calling for such outrageous prices, and still not really wanting to bet on their outrageous calls, so those outrageous calls did not always result in bets - including that some folks are not very serious about whatever outrageous calls they make, including not having a willingness to stand behind such seeming outrageousness.
you guys should nominate me to become buddy's official dj
NOT.
Even though if you establish a practice that includes descriptors, then guys might start to warm up to your chosen role.
Weird. Wonder what's happening next.
My take: Saylor is deploying his "new" 711 mil upon low liquidity on exchanges 
I didn't use to have an opinion on this but now I'm a bit worried that it could crash BTC.
I understand wanting to own lots of BTC if you're an enthusiast, but maybe at some point you have enough, leave some to the rest of people ? Or you might cause BTC rejection instead of adoption.
He is providing an investment vehicle that is currently not well represented in the market, which is part of the reason that he gets quite a bit of oversubscription to various financial instruments that he/MSTR creates.
Yeah but let's say we have a dip to the number JJG was talking about, 55K, what happens with StrategyB ? Surely it would need to sell coins, unless some savior bails it.
Why choose such negative scenarios? Sure I mentioned $55k could happen as if it were not too likely, but still I mentioned that it could happen, and even with the SBR, it sounds like it would take some time for that to be established.
There are positive scenarios and negative scenarios, and the negative scenarios don't really seem very likely, and by the time we get through 2025 and half of 2026, then maybe we will be pondering if even 5 digits are going to be possible again.. ? depending on how much BTC's spot price might be able to drag up the 200-WMA in the coming 6-18 months.