Bitcoin Forum
January 19, 2020, 05:18:28 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 312 »
1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2020, 05:14:42 PM
I feel like I am going to miss the ATH again. Feels all over 2017.

This next pump will separate the believers from the get rich quick guys. Believers are ready to go to zero.  Cool But...

ARE YOOUUUU READY???!!!11??
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2020, 05:09:18 PM
https://old.reddit.com/r/BitcoinMarkets/comments/eqblby/daily_discussion_saturday_january_18_2020/fepviu9/

This guy has a different view I guess. I too think $100k would be max price this time but what if...

Quote
So last year I made a prediction last year on January 1st. I don't think I did too bad. I thought we would bang on 6k a lot more and not just rocket through it. I thought we would double in price for the year, which we did. We just made a little pit stop to 13k first before coming back down and ending the year at 7k.

This year I think we'll double in price again to 14-15k. However, if we have another mini bubble like last year it could put us above 20k price, in which case all bets are off. If we don't break 20k I think we could bounce off of it, something like this. It would look like a big C&H on the weekly which is, of course, a bullish formation.

I've been lurking for a while here and I see talks of the next bubble. My own baseless long term speculation of the next bubble is probably a lot higher than others, which I find interesting. Many are expecting 70k to 100k and unless the long term prospects of bitcoin are already topping out then I feel that is a very low estimate. Generally bitcoin will do about 10x from the previous bubble top, which points to the next top being around 200k. I think it will get to at least that next bubble, with a higher, but less likely, target of 250k.

In fact that will lead to the perfect bubble catalyst, the overtaking of gold's market cap. If bitcoin's market cap = gold's then it would put bitcoin at 380,000 USD/coin. I guarantee you those will be the headlines that will cause the frenzy for the next bubble. "BITCOIN TO BECOME THE NEXT GOLD?" "BITCOIN IS THE NEW GOLD" "NEW ECONOMIC PARADIGM" "BITCOIN TO 1 MILLION USD?" When you see those headlines start to pop up as bitcoin hits 250k, you know that will be the top. That's your sell signal everyone. Don't miss it.

As for the bottom of the next bubble, I hope that bitcoin becomes more stable as time goes on and therefore retrace less. I still expect a big retracement from the top of the next bubble but I hope it doesn't go more than 60%. Even 70% would be harsh. If we have another 80% retracement it will leave me scratching my head as to why it isn't becoming more stable, but I'll still buy back in hard for the next bubble to 1million usd. I'll buy heavily from 100k and below.

Also, I think after this next bubble it will take longer to hit new highs and each subsequent bubble will be smaller in terms of % than the previous. Right now we are on a 4 year cycle, but I think that will increase to 6-8 years cycles. And if you take 250k as the top then to 1million that will only be 4x increase compared to the previous 10x. Smaller bubbles become more likely as the market becomes saturated. Long, long term, like decades in the future, bubbles will becomes obsolete and gains will be limited to a few % a year.

Well, that was a fun wall of text. Have fun trading everyone. I'm still just hodling and won't post that much anymore. Should be a fun two years!

According to moonmath $200k is in the realm of possibilities. (for the next 2 years)

$400k's possibility starting to become reality only after 2024.

Actually, eighty something %% decline this time left me scratching my head as well.
I fully expected that the decline would be less (60-70%) in the current cycle, yet we still went like a yo-yo.
Actually, it was a few percentages less than prior, but only a few.
94% ($32 to $2) first cycle, 86% second cycle (1160 to $160), 84% this cycle (19870 to 3100).
You can see that draw-dawn got slightly lower, not by much.
Hence lies the problem. If we keep popping up lower gains (in %) in each cycle (320000% to 57900% to 12400% to, say, 2655% in the upcoming), but always declining in the % of gains, but keeping draw-dawn high at or above 80%, then, inevitably, and quote soon, we would have a reverse cycle where we increase less than subsequent drop and that would be a devastating picture.
BTW, 2655% increase (keeping with lower increase trend) in the upcoming is projecting to $82K.

TL;DR So far, each cycle the drop is above 80% and changing very slowly, but gains are declining more rapidly (in %) each cycle, suggesting that at some point relatively soon we would have a down cycle (in the next one or two).

TLDR 2;

This might be the last big bitcoin pump with a new ATH we are going to see.

If it goes down %80 again after hitting $80k, it would fuck things up. Another new ATH may never come after falling from $80k.

So we either push btc above $100k, or bitcoin ded. (assuming the drop from the ATH will be %80 again)

Now it is getting even more interesting.

Either take no risks and dump everything between 50-100k or be a believer and go down with the ship. (or go to the fucking moon with the same ship, $500k/piece)
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2020, 02:46:56 PM
https://old.reddit.com/r/BitcoinMarkets/comments/eqblby/daily_discussion_saturday_january_18_2020/fepviu9/

This guy has a different view I guess. I too think $100k would be max price this time but what if...

Quote
So last year I made a prediction last year on January 1st. I don't think I did too bad. I thought we would bang on 6k a lot more and not just rocket through it. I thought we would double in price for the year, which we did. We just made a little pit stop to 13k first before coming back down and ending the year at 7k.

This year I think we'll double in price again to 14-15k. However, if we have another mini bubble like last year it could put us above 20k price, in which case all bets are off. If we don't break 20k I think we could bounce off of it, something like this. It would look like a big C&H on the weekly which is, of course, a bullish formation.

I've been lurking for a while here and I see talks of the next bubble. My own baseless long term speculation of the next bubble is probably a lot higher than others, which I find interesting. Many are expecting 70k to 100k and unless the long term prospects of bitcoin are already topping out then I feel that is a very low estimate. Generally bitcoin will do about 10x from the previous bubble top, which points to the next top being around 200k. I think it will get to at least that next bubble, with a higher, but less likely, target of 250k.

In fact that will lead to the perfect bubble catalyst, the overtaking of gold's market cap. If bitcoin's market cap = gold's then it would put bitcoin at 380,000 USD/coin. I guarantee you those will be the headlines that will cause the frenzy for the next bubble. "BITCOIN TO BECOME THE NEXT GOLD?" "BITCOIN IS THE NEW GOLD" "NEW ECONOMIC PARADIGM" "BITCOIN TO 1 MILLION USD?" When you see those headlines start to pop up as bitcoin hits 250k, you know that will be the top. That's your sell signal everyone. Don't miss it.

As for the bottom of the next bubble, I hope that bitcoin becomes more stable as time goes on and therefore retrace less. I still expect a big retracement from the top of the next bubble but I hope it doesn't go more than 60%. Even 70% would be harsh. If we have another 80% retracement it will leave me scratching my head as to why it isn't becoming more stable, but I'll still buy back in hard for the next bubble to 1million usd. I'll buy heavily from 100k and below.

Also, I think after this next bubble it will take longer to hit new highs and each subsequent bubble will be smaller in terms of % than the previous. Right now we are on a 4 year cycle, but I think that will increase to 6-8 years cycles. And if you take 250k as the top then to 1million that will only be 4x increase compared to the previous 10x. Smaller bubbles become more likely as the market becomes saturated. Long, long term, like decades in the future, bubbles will becomes obsolete and gains will be limited to a few % a year.

Well, that was a fun wall of text. Have fun trading everyone. I'm still just hodling and won't post that much anymore. Should be a fun two years!

According to moonmath $200k is in the realm of possibilities. (for the next 2 years)

$400k's possibility starting to become reality only after 2024.
4  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2020, 12:38:25 PM
At $400k there won't be any normal people with bitcoins left probably. You won't be able to cash out even if you wanted to because you won't have any bitcoins.

Most log TA charts say the next ATH will be between 50 and 100k. It is probably not the best idea to wait for any price above $100k.



TA charts, right. I would say the opposite. If Bitcoin indeed reaches such valuation one day, it would financially be very irresponsible not having any bitcoin.

Who said that you should dump all?

It definitely makes sense to dump some between these prices.

Many people regret for not selling during the ATH in 2017. It is fine if you don't need cash or you are already rich, then keep hodling.

You should probably follow a route similar to JJG's. (DCA when in accumulation phase, DCA when in cash out phase.)
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2020, 12:00:43 PM
At $400k there won't be any normal people with bitcoins left probably. You won't be able to cash out even if you wanted to because you won't have any bitcoins.

Most log TA charts say the next ATH will be between 50 and 100k. It is probably not the best idea to wait for any price above $100k.

6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2020, 09:47:37 AM
Jbear is a bored af boomer who has nothing better in his life other than trolling the fuck out of WO members.

He is an early adopter with so many bitcoins, he probably doesn't give a fck which one wins.

Jbear has already won  in every possibility. He is supporting BSV now because why not.
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2020, 06:55:42 PM
I was staring at my DCA chart as I always do everyday Grin, I realized, since 2016, I doubled my BTC amount every year.  Cool

I can only double one more time that's if I go all in.  Grin

Don't get caught up on unrealistic pie in the sky goals.

Consider your prudence, and you don't need to double each year in order to be employing the correct tactics.  

In other words, if you start to prioritize meaningless goal posts, you will end up screwing up a system that you have built and figured out to work.

In other words, tweaks to your system should be based on incremental changes rather than throwing darts at walls when you might not be as good of a shooter as you believe yourself to be, then you end up getting fucked up the ass because you accidentally (or should we say recklessly?) poked ur lil selfie in the eye ball.    Cheesy Cheesy Cheesy

I probably bought my last fucking dip a week ago.

From now on unless there happens to be a huge ass percentage drop, I'll just keep throwing potatoes (DCA'ing) till it hits my target price.
8  Economy / Gambling / Re: Betodds Sportsbook on: January 17, 2020, 06:53:30 PM
Never heard of them. There is very little information about the site on the forum.
After a quick research I found that a user claimed that they locked his account because he didn't follow their TOS. Seems that he deposited less than the minimum deposit requirement. Seems the issues was handled though.

In another post DarkStar_ wrote that they don't have an SSL certificate but this was back in 2018 and has probably been fixed now.

This book doesn't even have an SSL certificate. That's like the basic protection you should have, and it's free through Let's Encrypt or a cloudflare certificate. I can't believe a website in 2018 that handles large amount of money doesn't let you use https.

 

It looks like they have a SSL certificate now.



The footer of the website says "Your premier sportsbook 2005 2019" but WHOIS says the domain was created in 2015. Might be a new domain though not sure.

9  Economy / Economics / Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire on: January 17, 2020, 05:20:47 PM
If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)
This situation will applicable with every country around the globe, if everyone is a millionaire then it will be difficult for any country to perform as there will be a lack of hard labour force which is important for the balance of the economy and that is the reason many countries are having capitalist mentality, if you are good at something you can make money if not you need to do the hard labour and survive and if there is a lack of labour supply they will import good labour and they will be willing to migrate as they are getting far better life, so it is a win win situation for everyone Wink.

That's what I am saying since the beginning.

Governments don't need millionaires. They need slaves.

Rich people are competing directly with the governments and creating more problems than they do good.

That's why they are taxing the shit out of you so you can never get rich. You can get rich only if you are smart and ambitious enough, means you are competing against your government and that means your government is your enemy.

You are a good citizen only if you suck it up and live as a wage cuck till you die.
10  Bitcoin / Bitcoin Technical Support / Re: Advice on Raspberry pi hardware for running full BTC node on: January 17, 2020, 04:29:39 PM

https://www.ebay.com/itm/Asus-Eee-PC-Windows-Starter-Laptop-Black-with-Power-Suply/362875904326?hash=item547d16e146:g:zhsAAOSwGIJeFiwR

Shits pretty much on every raspberry there is.

11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2020, 01:34:11 PM
I was staring at my DCA chart as I always do everyday Grin, I realized, since 2016, I doubled my BTC amount every year.  Cool

I can only double one more time that's if I go all in.  Grin
12  Economy / Economics / Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire on: January 17, 2020, 10:51:34 AM

With regards to the topic, government wants it's people to be millionaire LOL, it means more tax and their countries average leaving will go up. No government want's their people to be poor because that will be a government problem.

Tell me why is Germany constantly importing migrants from the Middle East?

Countries need poor people. Poor people work for cheap.

Without the cheap work force, you won't be able to compete with the other cheap countries. Like China.

Germany knows this very well.

If everybody was a millionaire, Germany would go bankrupt in a year. (maybe not, but It is safe to say, the production would stop and a country like Germany would start eating up its savings which is pretty much the same thing as going bankrupt)
13  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: January 17, 2020, 10:20:25 AM
~
We're stopping taking new bets on the "Brexit - Will the UK leave the EU before 2019 ends?" bet tomorrow as things look they could be decided at any moment. So get your bets in while you still can.
 

I just made my bet on this event before it's too late. I personally don't think that UK should leave the EU. And not because I think the EU is perfect as it is right now, but rather because I think that countries such as France, Germany, Denmark, Netherlands and some other typically Western ones should better stay together than be divided. If anything, there are countries in the EU currently which wouldn't be missed much if they left the Union. But this is definitely not the case with the UK. With all that in mind I bet on YES, because this is what will happen in the nearest future imo.

With Boris Johnson as their leader they are definitly going to leave the EU, Johnson is one of the Brexit-hardliners if not THE hardliner. Tides may change when the rumours of re elections are true and a Brexit opponent wins the election. At the current state I would definitly bet "Yes", too.

I am not doubting Boris. The other side is the problem. He is trying to suspend the parliament to secure his plan but the other side will find a way to fuck it up probably. Not sure.

If I remember correctly, the question was asking:

"If England will be able to exit EU this year?"

 I wagered a few thousand sats on "NO". Next year? Another maybe. This year? Maybe, but "not likely" weights heavier. That's what my guts are telling me at least. We'll see.



I have forgotten about this one. I just checked my expired bets and... no surprises. xd. I wish I wagered more than a few sats.

Daym I am expert at politics. Fck sports betting Cheesy
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2020, 09:41:14 AM
Last chance to buy under 9000!
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2020, 06:01:07 AM
PREPARE THE VEGETAA!

Observing $8930
16  Economy / Economics / Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire on: January 16, 2020, 09:59:39 AM
Oh got it, so it's not actually the government keeping people ...what you call them ...slaves, it's self-induced slavery.
I agree with that!

It is kinda self-induced but the governments encourage it.

How many colleges out there teach their students about starting a business? They teach you how to become a wage slave. As a clueless noob in your early age unless you have great parents which would educate you with the right information, you take whatever they feed you with.
17  Other / Politics & Society / Re: Localbitcoins stole my bitcoins just because I'm Iranian on: January 16, 2020, 09:46:29 AM
No reason but who is going to punish them for that? Tell me who?

They do it, because they can get away with it. They do it, because they can.

Why do you think USA killed the Iranian general?

Because they can.
I mean if lbtc was USA based I wouldn't trust them for sure. But I trusted them because they're based in Finland, while the EU is still a part of the JCPOA.
It seems like I was wrong...
You can't trust anybody if you don't have leverage.

Not your keys, not your coins.
18  Other / Politics & Society / Re: Localbitcoins stole my bitcoins just because I'm Iranian on: January 16, 2020, 08:22:40 AM
I mean even if they did KYC and everything and you kept your money on the exchange, you still should be able to get your money back. No reason for them to 'steal your money' just because of this.

I'd compare this to online gambling sites 'banning Americans' (I put it in quotes because EVERYONE uses a VPN) when someone wins a large sum of money and they want verification the American (when submitting their american stuff) is stripped of their winnings but is returned their original funds that were placed on the site. You can't just run off with peoples money -- well at least not in the regular world, the wild west of crypto is a bit interesting.
That's exactly what I'm saying.
There's no reason for them to hold my money because I could not verify my address. Not to mention that according to their own rules and terms there's no need for accounts with less than 1500 euro income per year to verify their address. I have already verified my passport and identity.
They're just making an excuse to steal my money knowing that I would not be able to stand against them because of the sanctions.

No reason but who is going to punish them for that? Tell me who?

They do it, because they can get away with it. They do it, because they can.

Why do you think USA killed the Iranian general?

Because they can.
19  Economy / Economics / Re: Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire on: January 16, 2020, 08:10:43 AM
It makes sense actually.
I partly agree with the OP. He is onto something but he is blaming the wrong people.
Governments don't want too many rich people because humans are lazy. It is our nature.
Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.
Ask yourseLf, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

Yeah, rich people are lazy, they've earned their fortune by ling all day on the sofa.
And of course, reality proves this, I mean all the cars are made in Somalia, all the airplanes in Mali, all the food is grown in Botswana and the rich people in Germany and the Netherlands are doing nothing just sitting there waiting for a banana to hit them in the head cause they are too lazy to call uberfood to buy something...
That concept of being rich and lazy is spread around by the poor who all day they dream that if they would have a lot of money they will not do anything all day long. Reality...totally different.


Don't bring Somalia into this they are not part of the modern world.

Most cars and other stuff are being made in China and I can't really say the Chinese people are the richest people in the world.

And there is another distinction we are forgetting to talk about.

There are jobs which almost everybody can do (factory workers), and there are jobs which only the smart and the ambitious can do. (like doctors, engineers etc, not the wage slave morons, the real ones) Smart&ambitious people can pretty much earn whatever they want their limit is their imagination.

Some of those jobs need cheap workers because otherwise the product will be too expensive and nobody will be able to buy it.

I am talking about those average Joe's. Wage slaves.

The current system need those poor people. They are smart enough to understand and do what they are told but not ambitious enough to try to become a millionaire and threaten the other rich people's status.
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 16, 2020, 07:39:23 AM

What traditionalists like r0ach

r0ach isn't a traditionalist. He is a moron.

Smart traditionalists support bitcoin because they understand how it is better than gold.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 312 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!