Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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But at our current point I am quite confused.
<snip>Even in the presence of all these things... the cycle continues.
Bitcoin does not care.
I agree with the confusion part, not 100% agree with the second, but don't disagree either...it just remains to be seen.But at our current point I am quite confused.
<snip>Even in the presence of all these things... the cycle continues.
Bitcoin does not care.
Some guy (who speaks a bit like the "mad hatter" from "Alice in wonderland") proudly predicts MSTR bankruptcy scenario in 2026.
I don't buy it necessarily, but MSTR gyrations is something bitcoin would have to endure at some point.
It may be at least moderately likely that bitcoin would at some point undergo a secular bear market, but I don't envision this happening until 8-10 tril in market cap (or maybe even higher).
It seems that a lot of hodlers are uncertain about the state of the market rn.
You mean that a secular bear market has to come in bitcoin merely because it has largely been in a bull market since 2011/2012-ish?
If we have exponential s-curve adoption, then there is no reason that a "secular bear market" would have to happen merely based on a 4/5x increase from here..
That makes little sense.
Sure we have all kinds of manipulation attempts, but there is no reason that bitcoin might not get to 300 Trillion to 500 trillion or more before some kind of a more meaningful bear market might play out... but even then...
In other words if something is still in its early stages of adoption (which bitcoin seems to be in spite of some folks/institutions/governments seeming to focus and to want to hoard it), there is no reason that any kind of a secular bear market is imminent even within a cycle or two or three.... in spite the existence of likely ongoing attacks from status quo incumbents who are still trying to wrap their minds (and practices) around it to accept it rather than to battle it.. For their own sake it is likely better and/or easier to just figure out ways to try to accept it.. even though, yeah, I wouldn't really expect bitcoin's path forward to be that easy. and/or unambiguously upward without meaningful attempts at battling it..
I don't think everyone knows the rules around here from the get go.
..I am glad that he/she/(bot?) cooperated...and no fuss, apparently.
..I am glad that he/she/(bot?) cooperated...and no fuss, apparently.
Plagiarism is pretty serious in this forum and not even the first time that twat had gotten caught doing it.
The price is up nearly $4,000 in the last half a day and continues to rise. I like that… We seem to have broken the downtrend. There isn’t really any resistance between $113,500 and $117,000, so a move up from here would start to make this rally look pretty aggressive.
Within 24 hours, Bitcoin price went up and then fell down 4k$. Just keep an eye on Bitcoin in the long run, I am waiting for the day when it will hit 200k$.
What you going to do then (at $200k)?
I suspect that probably at around $200k-ish, you will sell too many too soon... since you still seem getting overly excited about that price, and you seem to be struggling with the idea of investing into bitcoin, rather than trading it and/or trying to play its likely ongoing and likely inevitable waves.
What a strange coincidence these last 4 ~5 hours
seem to have sold BTC and bought gold in the same time?
seem to have sold BTC and bought gold in the same time?
Don't get distracted by gold.
It is an inferior product.