Post
Topic
Board Speculation
Merits 8 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 10/07/2025, 06:09:16 UTC
⭐ Merited by LFC_Bitcoin (5) ,El duderino_ (3)
The key to drinking is 1 or 2 shots a week at most. Also skip a week every once in a while.
I'm a binge drinker, I can go forever and not drink but when I do I like to get plastered.
Also can't drink alone, when people come over and I have a few i'll even pour out whats left when they leave.

I've never met anyone else like that, weird, most people I know can drink alone and enjoy it.

Maybe you are broken?

The price is at $108K and everyone is just acting like this is normal. How high will we have to go before we start seeing crazy fomo? Is that a thing of the past? It seems like everyone has just accepted that Bitcoin is going very high and they can’t afford one. Unit bias really has been Bitcoin’s biggest enemy for adoption.

I have frequently considered the unit bias to be a way to weed out dumb fucks.

Don't get me wrong.

I am not trying to be a prude, but it should not take that long to figure out that bitcoin are divisible by eight digits (100 million sub-parts, aka satoshis).

In other words, even folks of regular intelligence should be able to get over the unit bias factor within a few weeks of looking into the matter.

Another way of thinking about the unit bias is that it creates a bit of asymmetric information, which causes the price to be way less than it should be, so we end up being able to continue to accumulate bitcoin, and so many folks have no fucking clue what bitcoin is, so if we have engaged in some of our own due diligence, we recognize value where others don't... so we end up getting way more bitcoin at a way cheaper price than we would have otherwise in a world in which people might have had been better informed.

and that's why the 'real' fomo is yet to hit.
At least 70% of the usa home owners are over 20 cents  and they are a lot of the retail fomo push.

So for retail fomo 200k maybe 190k and we fire shit up.
We definitely haven’t had any retail FOMO yet. I don’t think retail have arrived at all which is annoying because I have 25% of my stash to dump on them > $140,000

We keep getting hammered back down every time we break $109,000. This seems to be big resistance, when it finally gets broken we should teleport to $125,000.

I know that it seems that every time I am trying to talk you into incrementalism rather than BIG chunks.. but yeah, I know.  You are the one who has to live with your choices (in either direction).

Another ongoing annoyance I have with your approach is your expectation to be able to buy back.

You say that you are not really needing to get a buy back in order to be happy, but you have a threshold in mind that you will buy back a portion of the amount that you sold, maybe even the whole amount...

I cannot completely fault you with having that desire - especially if it ends up working.. .. but I personally find it a bit much.. even though sure, what ends up happening (so far) is that you sell something like 25%, and so then you pretty much spend half of that amount on whatever (toys and maybe even investments and/or lifestyle improvements), and then you use the other half to buy back as many as you sold, as long as the BTC price drops by 50% or more.

Sure, last time it worked out, so you were able to buy back at less than $25k those coins that you sold more than $50k.

This time you are expecting a drop to $70k or lower to be able to buy back..  Horey sheit..

Alternatively, let's say that you get the sense that we have a bit more UP, and you end up selling at supra $160k.. That still would require BTC prices to drop to $80k or lower, no?  I am not sure if that is gong to happen. 

I understand that no matter what it is not easy to figure out a ballpark for where to sell.. which is part of my ongoing preaching of incrementalism.

Even with 25% sale, you could do 5% at a time.. for every uppity $10k price move?....   

Surely it is on you how to work out the details, so nuff said, for now.