Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
are you dreaming, BALIK?
Sure sub $100k (or even right around $90k) could happen.. and there is nothing unusual about something like a 20% correction (which would be around a $90k scenario), yet it just seems strange for so many folks using that 20% correction number as if it means much of anything.
We've been in consolidation before.. yet right now consolidation that is not even breaking 10% from the high hardly justifies that down before up would be necessary. .. yet perhaps, you, BALIK, don't even know where you are at - since you think that there is some kind of meaning connected to the idea of "crypto."
What the fuck is it, anyhow? Maybe you can explain what it is? "Crypto?" hm?
You're not even a forum newbie. You've been registered on the forum since March 2016. All time registered on the forum (think about it, 9 years) and you still think that "crypto" means something?
Think about it.
If you had figured out bitcoin at least enough to start buying around $100 per week of bitcoin around the time of your forum registration, you would have had invested right around $47.6k, and you would have had been able to accumulate more than 13 bitcoin. That would surely have had been a good place to be. I wonder anyone with 13 bitcoin, they are not going around speaking gibberish about some kind of concept labelled "crypto." Are they?
Perhaps a cure to gobbledy-gook speech is to spend a couple of cycles accumulating at least $100 per week of bitcoin and then see where you are at after those two cycles. I will admit that a guy accumulating $100 per week of bitcoin over the past 8 years is likely to have had done better than the guy who spends the next 8 years accumulating $500 per week in bitcoin. We just cannot roll back the clocks, so each of us can ONLY do whaat we are able to do, even if we might have had made some mistakes in the past. We cannot roll back the clocks.
Sure sub $100k (or even right around $90k) could happen.. and there is nothing unusual about something like a 20% correction (which would be around a $90k scenario), yet it just seems strange for so many folks using that 20% correction number as if it means much of anything.
We've been in consolidation before.. yet right now consolidation that is not even breaking 10% from the high hardly justifies that down before up would be necessary. .. yet perhaps, you, BALIK, don't even know where you are at - since you think that there is some kind of meaning connected to the idea of "crypto."
What the fuck is it, anyhow? Maybe you can explain what it is? "Crypto?" hm?
You're not even a forum newbie. You've been registered on the forum since March 2016. All time registered on the forum (think about it, 9 years) and you still think that "crypto" means something?
Think about it.
If you had figured out bitcoin at least enough to start buying around $100 per week of bitcoin around the time of your forum registration, you would have had invested right around $47.6k, and you would have had been able to accumulate more than 13 bitcoin. That would surely have had been a good place to be. I wonder anyone with 13 bitcoin, they are not going around speaking gibberish about some kind of concept labelled "crypto." Are they?
Perhaps a cure to gobbledy-gook speech is to spend a couple of cycles accumulating at least $100 per week of bitcoin and then see where you are at after those two cycles. I will admit that a guy accumulating $100 per week of bitcoin over the past 8 years is likely to have had done better than the guy who spends the next 8 years accumulating $500 per week in bitcoin. We just cannot roll back the clocks, so each of us can ONLY do whaat we are able to do, even if we might have had made some mistakes in the past. We cannot roll back the clocks.
yes, it is norm for Bitcoin routinely to experience 10-20% pullbacks, even in strong rallies. That sub 100K dip around ~90K would be a typical healthy correction, helping the market reset before a fresh climb. It is not unusual at all.
You are right to question the 20% means something trope, market movements are not magic numbers. Instead, they signal volatility, and in Bitcoin volatility is the norm.
dollar-cost averaging (DCA) is the practical answer. Instead of trying (and often timing it wrong), serial $100-per-week investing smooths out the highs and lows, removes emotional stress, and gradually builds a solid position. Your scenario, buying $100 a week since 2016, would have earned you over 13 BTC, forcing the kind of disciplined accumulation.
So yes,
Corrections are normal
Chasing a percentage pullback is not meaningful
DCA over years beats timing alone
The real edge? Consistency, not emotional guessing
