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681  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 21, 2020, 06:47:37 PM
'2x per year' lines update (vs 7-day average):



This has been my №1 chart since you've posted it first here.

Why thank you.



We may notice that the lower line corresponds to a 2x price increase per year if we round the price to 50$ at the start of 2013. That is an exponential growth 50x2^t, where t is the number of years since 2014. The remarkable thing is that for 7 years Bitcoin has kept hitting these numbers on the way down after several extra exponential growths related to the halvings. And now Bitcoin is even above the line unlike 2015 and most of 2016. This is a strong sign that the exponential growth will continue at least in the next 2-3 years. We can't be sure if 2021 will have that extra growth, but the longer we stay close to the lower line, the better. Sooner or later Bitcoin will touch and may pass through the upper line for a period.

With that regard, what software/site do you use for that chart?

I'm just coding for myself a little bit here. That's all.

I would like to make my own chart with years up to 2025.  In my opinion the lower line is very close to the real price of bitcoin, since it reflects the increasing demand (new accounts added to exchanges, etc.) vs selling pressure on exchanges.

Yeah, it make sense, but I wouldn't recommend extrapolating too far into the future. A lot of things can change between 2020 and 2025.

For the latter one can judge from the total exchange ballance, which has decreased from 2.8 mil to 2.4 mil in the last 6 months. We can easily find the line equation for each year so that for each day or month the price point is found. Something like y=(x/3)*1600+6400. For example at the end of August (x=8), the price for the bottom line is y~$10 666. We are over 10% above that, so all is good!

It's all good to far, yeah. I just hope we can finally cross that 12800 line, and not just for a few hours. Like can't we just reach 13000 and stay there for a week, at least... in 2020...
682  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 21, 2020, 07:03:02 AM
'2x per year' lines update (vs 7-day average):


683  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 20, 2020, 06:26:58 AM
100 days since halving, and we're up 39%.
684  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 18, 2020, 05:19:23 PM
Everyone's betting on the end of 2021.

Hopefully it will create a self-fulfilling prophecy.
685  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 18, 2020, 04:43:01 PM
We only went from 11900 to 12400 and back.

Damn it Jimbo you Richie Rich.
686  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 18, 2020, 11:28:24 AM
Even more so than super yachts, islands seem like something that are much better left as someone else's problem. I'd much rather rent and then bugger off.

Yeah, with such things... rent is almost always better then full ownership.
687  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 17, 2020, 01:26:44 PM
My screenshot aged rather quickly...  Roll Eyes

edit: oh no

edit2: oh yeah
688  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 17, 2020, 01:03:11 PM
Love to see green weeks.



Volume is sending bears a certain message...
689  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 15, 2020, 07:44:24 AM
if anyone has physical access to your bolt and nut...

...they would probably not realize its importance.
690  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 14, 2020, 11:28:58 AM
Karen from Chavington lol  Grin
691  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2020, 07:57:53 PM
692  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2020, 05:52:28 PM

I don't get it how people just accept this kind of bullshit as a normal thing...
693  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2020, 08:30:32 AM
So, apparently Russia don't have a vaccine.

What they have is preliminary approval for a vaccune candidate, so they could start phase III tests.

Not much different from what other countries are doing. There are 168 vaccine candidates around the world right now.
694  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2020, 06:58:00 AM
You should encourage zig-zag mentality for trading. I dream every single day of ups and downs as many per day as possible:

Trading? What's that? Never heard of it.
695  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2020, 06:25:05 AM
Well, I hope we reach 190K and then go sideways.  Roll Eyes
696  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2020, 05:32:04 PM
And we only know this because they're public company.
697  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2020, 07:01:10 AM
edit:



more correlaton
698  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2020, 06:48:41 AM
A crash is possible if USA Russia and China all agree to out law it.  

In other words: a crash is impossible. I really don't think USA, Russia and China can agree on anything...  Grin

Except that the masses do not deserve individual rights.

Right.

And let's not forget that USA, Russia and China are all members of FATF.

https://en.wikipedia.org/wiki/Financial_Action_Task_Force
699  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 11, 2020, 03:31:43 PM
Who sold them 21,454 bitcoins?
700  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 11, 2020, 10:34:05 AM
We're over 2019 levels (hopefully, for good)...

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