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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.7%)
H2 2019 - 16 (10.3%)
H1 2020 - 29 (18.6%)
H2 2020 - 28 (17.9%)
H1 2021 - 12 (7.7%)
H2 2021 - 31 (19.9%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.6%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 156

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21290852 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
DanielT
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January 14, 2015, 11:09:41 PM

So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.

No demand for coins beyond the necessary market cap for commerce. Too much supply.
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poncho32
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January 14, 2015, 11:09:55 PM

Litecoin:



$1.14

I'm shocked
bobboooiie
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January 14, 2015, 11:09:56 PM

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse
inca
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January 14, 2015, 11:11:14 PM

So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.

No demand for coins beyond the necessary market cap for commerce. Too much supply.

Idiot. 99% of the price is speculative not medium of exchange.
roslinpl
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January 14, 2015, 11:13:11 PM

If she buy back in at $70 think about it like saving 90%  from original price


Indeed. :-)

And for your information when I talked to her on the phone an hour ago she indeed asked me to inform her about any price changes if it drops below $80.

She seems ready Smiley
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January 14, 2015, 11:13:29 PM

Many people have told me that.  But "many" may be a thousand bitcoiners, perhaps, who care for the Core Values; and they may not include any big holders.  The other 99% of the bitcoin community (including the Chinese day-traders, who may still be setting the price) probably don't understad why a change in the protocol would be a bad thing, or don't care.

Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same.  If there were enough new demand, increasing the supply would not prevent the price from increasing, too.


The traders are not really important for this question, only the miners who are already in competition with each other for a bigger slice of the pie.

Increasing the supply would not prevent the price from increasing but it would prevent the price from increasing *as much*.

As a miner, if you allow the pie to grow, you probably just end up with a smaller slice percentage-wise. Unless you're thinking of such smoke-and-mirrors tricks as moving the decimal place to the right.
samsonn25
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January 14, 2015, 11:13:49 PM


Me too.

From $48 is like 97% drop
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January 14, 2015, 11:16:05 PM

Yes, and that is what I meant: if someone with billions to spare offered to buy 25 million bitcoins, the protocol would be immediately changed to create them, with the full cooperation of miners AND approval of developers.
I disagree. It would damage the reputation and hence value irreparably. But there's no way to prove either way.
Many people have told me that.  But "many" may be a thousand bitcoiners, perhaps, who care for the Core Values; and they may not include any big holders.  The other 99% of the bitcoin community (including the Chinese day-traders, who may still be setting the price) probably don't understad why a change in the protocol would be a bad thing, or don't care.

Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same.  If there were enough new demand, increasing the supply would not prevent the price from increasing, too.


Come on, Jorge.  You have been around here long enough now to have a better understanding of how this works.  AGAIN - that "99% (including Chinese day-traders, blah, blah, blah)" DON'T MATTER - only the MINERS matter in defining the Bitcoin protocol - and the miners DO know that changing the protocol at the whim of of anyone who promised to buy a lot would render the coin valueless.
TeeBone
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January 14, 2015, 11:16:22 PM

This might not even be the real collapse. I wouldnt be suprised if we touch 120-140, then have a false bull run up to 500-600 before real capitulation.

Almost every credible EW analyst i've seen thinks we're in an ending Wave 4. Meaning, there should be one more spike up before catastrophe...20, 40, 60 ? Who knows how low it can go.
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January 14, 2015, 11:16:25 PM

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse

I kinda hoping for the opposite. Let these coins with active developers and not some scammed 'foundation' carry the flag dropped by satoshi and continue paving innovation in this space.
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January 14, 2015, 11:16:32 PM


at least you'll be able to mine it again on a CPU- not profitably, but still...
DanielT
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January 14, 2015, 11:16:37 PM

So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.

No demand for coins beyond the necessary market cap for commerce. Too much supply.

Idiot. 99% of the price is speculative not medium of exchange.

Well that was the case at $1200, but now there isn't anyone to pump aymore.
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January 14, 2015, 11:17:43 PM


If bitcoin is similar we have a long way to go.
LFC_Bitcoin
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January 14, 2015, 11:18:33 PM

This might not even be the real collapse. I wouldnt be suprised if we touch 120-140, then have a false bull run up to 500-600 before real capitulation.

Almost every credible EW analyst i've seen thinks we're in an ending Wave 4. Meaning, there should be one more spike up before catastrophe...20, 40, 60 ? Who knows how low it can go.
Every single EW 'expert' I've seen on here is full of shit.
Nobody predicted this a few weeks ago, nobody.

None of them have any credibility left.
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January 14, 2015, 11:19:22 PM

5. I dont have the post off hand, but even the fear of speculators of other impending bail ins was not a contributing factor. The run up to the April high started well before and just coincidentally peaked at around that time. The whole Cyprus thing was just a convenient and lazy media connection to bitcoin.


ITYM "Just coincidentally went into overdrive less than 48 hours after bail-ins were announced as under consideration"
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January 14, 2015, 11:19:36 PM

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse

Bitcoin is a useless shitcoin. There are better alt coins.
samson
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January 14, 2015, 11:19:57 PM

Stop talking down the market. Just stop.

It's f*cking ridiculous at this stage.

It's no wonder none of you have girlfriends.

You're deluded if you think the market can be 'talked down'  Roll Eyes
LFC_Bitcoin
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January 14, 2015, 11:20:16 PM

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse

Bitcoin is a useless shitcoin. There are better alt coins.
If BTC dies they all die.
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January 14, 2015, 11:22:02 PM

lulz bitfinex trading $10 higher then all other markets. Dump incomming.
Jammalan the Prophet
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January 14, 2015, 11:22:35 PM

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse

Bitcoin is a useless shitcoin. There are better alt coins.
If BTC dies they all die.

and then we all die
then my cat dies.
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