[edited out]
We seem to have a strong resistance in $92K to $93.5K zone. Once we can break it then I think $100K will be quicker then we are thinking.
Every price run (UPpity) is different, and the mere fact that there is a bit of a pause, in the lower $90ks hardly says anything about how difficult it might or might be to reach $100k, and surely the fact that we are getting close to $100k can also motivate some folks to purposefully want to push the price above $100k.
So there is an interesting aspect that comes from price discovery, which on November 5 was when we broke above $74k and ended up reaching nearly $94k.. and now spending a bit of time pausing in the $90ks.
Sometimes there is also a need for a bit of pausing to allow the buy support to catch up and to really confirm that the BTC price is ready to continue its UPpity path - and none of these dynamics or timelines are set in concrete - even though some folks spend their time studying charts and historical price dynamics in order to attempt to scientifically assign odds of movement in one direction or another based on various aspects of the chart, which would also attempt to account for trading volume changes that might go along with various sticking points, and surely there can be macro-happenings affecting price dynamics too, even though surely I am not much of a fan of sentiment, but it can contribute to price moves on the margins..
And, so in the end short term price moves are way more difficult to figure out as compared with having some directional certainties, and almost always we are going to experience surprises in one direction or the other in regards to short term BTC price moves which causes me to frequently label them as 50/50.. even though surely sometimes I might have slight reasons to lean one direction or another including questions about are we in a bull or bear market, which bull market surely adds points (inclinations towards up) and then sometimes if there might be some momentum in one direction or another then the momentum is going to add some percentages too.. ... so even if some of us might start out with saying 50/50, there may be several kinds of things that we may or may not be able to articulate that gets us leaning one direction or another, yet we might not exactly be able to (or want to) articulate each of those reasons that might end up getting overridden anyhow based on some other factors that might not exactly be known.
Another confusing point is to have a price in mind and a time target in mind, so sometimes the amount of time might fly by quickly or get stalled, and so it can be difficult to know about both, yet still could end up being correct by considering each of those within a kind of range.. so for example currently we have a run up that really got boosted since November 5 (even though there was a bit of additional run up that proceeded the November 5 lift off), so lets say that all of a sudden we got a 10% or so correction from here.. That correction might end up delaying how long it takes to get to $100k, but maybe it was inevitable that we are going to $100k this time within a certain timeline, such as 1 month, yet the quickie correction ends up adding a few weeks to the timeline, and when we prepare our own personal BTC holdings, we need to be prepared psychologically for either the quicker scenario going up or the slower scenarios going up or even the less likely scenario that we are not going to go up right now and we are going to correct from here back down to lower $60ks.. and so some guys might also make the mistake of assigning equally likely odds to each of the scenarios when truly that would not be the case since we have an asset class that is amongst the best, if not the best, and part of the reason that BTC ends up being so great is that it is in its very early adoption phases, and little by little more an more folks are coming to either understand how amazing it is (more deeper understanding of it) and others are coming to learn about bitcoin as number go up technology (more superficial understanding, yet still an understanding the contributes to BTC UPpity price dynamics).
And there are even dumb fucks trading bitcoin.. (or getting involved in shitcoins), and this contributes to bitcoin price dynamics too.. and surely it can be so tempting to trade/gamble bitcoin, so even though I refer to these guys as dumb fucks, I understand how tempting it can be to want to sell some BTC based on a quickie 35%-50% price appreciation. It is like very quick money for some folks, and even if they might regret selling too many of their BTC too soon, right now, getting something like a 70% return within a couple of months (presuming some guys could have bought bitcoin around $55k in mid September and then sold around current prices).... .. so it can become quite tempting to sell and to lock in dollar profits, yet if the momentum is still within bitcoin, the BTC price may well never end up going back down to those lower BTC prices ever again, so then the guys who sold most if not all of their BTC may come to have regrets and we have seen such crazy UPpity price moves in the past, where the BTC price goes up, and then it just keeps going up, and at the same time, a correction could end up happening at any time, but a correction is not guaranteed.. and sometimes the various 5% to 8% corrections along the way are not really reflective of the ongoing and persistent UPpity that ends up playing out.. which surely advantages the holders, whether someone who already established themselves as a long term holder or even those persons who are still getting accustomed to themselves as a long term holder.. .. which can be a diffiucult transition to become a long term holder since there frequently still can be temptations to sell too much too soon.
Og, Philip, JJG, get your push-ups in cause you will be putting on weight starting a few more days? Weeks? Hours? Heh
Honestly thought it would take longer but just seems inevitable right now. Really wish I were sitting on a reservoir of satoshi but am so happy nevertheless. Enjoy, people.
Ripped hodlers flooding the forum.
Sometimes even modest stacks of satoshis can really start to feel powerful - and so it can take a long time to build up a stack of satoshis, and times like these end up being a kind of payoff for the very difficult times of the previous ongoing stacking, when so many times, even while many of us are stacking, we are still torn about whether we should ongoingly stack or if we should hold back some cash for buying dips... .. and so times like these likely show that it was more likely better to just keep stacking and stacking and stacking since we can never really know if there is going to be a dip or how much the dip is going to be, yet if we keep stacking at least we can know that we are continuously adding satoshis to the stack that we have so little by little making such stack bigger and bigger, even if such stack might not be really great as compared to the stacks of other folks.. yet hopefully we are not comparing ourselves to other folks, but instead comparing ourselves to other versions of ourselves with a kind of knowledge that "I stacked as much as I could at those earlier prices," and the stacking surely might not end for a lot of folks who might not have had quite gotten to a place of having enough (or more than enough) satoshis.
And where is your pushup report, buwaytress?
[edited out] l99l,27,2840,2024-11-16
Keep pushing more. Bitcoin price approached 100k faster than I expected so I am enjoying it as we are approaching the target. Altcoins started to move a little today. Bitcoin does not go below 90k easily.
Fuck shitcoins.. Don't get distracted.
And, because of that dumb comment, you should feel so damned guilty that you go out and you do another 100 pushups for today (or perhaps an additional 100 pushups tomorrow?) in order to repent for the dumbness of your comment.
Og, Philip, JJG, get your push-ups in cause you will be putting on weight starting a few more days? Weeks? Hours? Heh
Perhaps we will have a new goal once $100k achieved. $100 seems knocking the corner.
The fact that, so far, we are not correcting should be a bit of a sign.. even though surely not guaranteed.. but the signs seem present
(meaning UPpity)