Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[jojo69]

let me just HODL and when there are oppertunitie's increase the BTC stack size , nothing more nothing less

Some-time, mid-2022-ish, we should find some ludicrously overpriced private-location, and host a massive WO-party, only accessible by private jet.

I'm in

[JayJuanGee]

If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!) then it did its job.

Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.

What comes next is gonna be epic.

I'm really don't think Bitcoin being on the radar of the Middle class is really what we should be aiming for. The people in the top two tiers of this pyramid are who needs to be convinced. Unfortunately, most of them already made boatloads of wealth with the status quo. The only benefit of the middle and lower classes becoming involved in Bitcoin is for the rich to have more sardines to consume.

I am not sure if I understand the pyramid.

The way that I see it is that there is actual accumulated wealth and there is annual income.

Of course, if you accumulate more wealth then the accumulated wealth can provide a higher income, otherwise you are dependent upon others for providing your annual income.

Also, the more that you are able to live on resources that are below your annual income, then the more that you will be able to accumulate wealth and to therefore aspire to accumulate enough wealth in order to be able to have your assets support your lifestyle (and likely retaining some additional cushion, too).

The pyramid does not seem to be complete, and it seems to be depicting accumulated wealth without juxtaposing that with annual income, right?  Or am I missing something?

[El duderino_]

let me just HODL and when there are oppertunitie's increase the BTC stack size , nothing more nothing less

Some-time, mid-2022-ish, we should find some ludicrously overpriced private-location, and host a massive WO-party, only accessible by private jet.

I'm in

Me too  and if my girlfriend behave well she can come too 

[Biodom]

I am not sure if I understand the pyramid.

The way that I see it is that there is actual accumulated wealth and there is annual income.

Of course, if you accumulate more wealth then the accumulated wealth can provide a higher income, otherwise you are dependent upon others for providing your annual income.

Also, the more that you are able to live on resources that are below your annual income, then the more that you will be able to accumulate wealth and to therefore aspire to accumulate enough wealth in order to be able to have your assets support your lifestyle (and likely retaining some additional cushion, too).

The pyramid does not seem to be complete, and it seems to be depicting accumulated wealth without juxtaposing that with annual income, right?  Or am I missing something?

That's just liquid wealth (typically consisting of liquid assets not including main house equity) pyramid without taking income into consideration.
Source for the latest:
https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/global-wealth-pyramid-decreased-base-201801.html

[JayJuanGee]

Just like your guess on the list for highest price This year ..... around 7.5K or something
  

LOL

yer sorry, i got that one wrong.  but still made decent profit 20k peak so im happy.

You are hardly convincing.

How could you be in a position to be making "decent profits" at any point in time if you are continuously  spewing bear scenarios?

If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin.  Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.

As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.

[STT]

I'm really don't think Bitcoin being on the radar of the Middle class is really what we should be aiming for. The people in the top two tiers of this pyramid are who needs to be convinced.

The highest growth comes from the smallest entities, true in business and very likely the best target for Bitcoin itself.    Thats why the high fees thing was really not good for the underlying prospects of BTC and the high price at that time so ironic.   
Markets move in mysterious ways, as BTC improved this year and developed better operation we see the lower price but thats how it goes with speculation.

 Price is sideways and good prospect of upwards till 7200 maybe 7320 before some challenge I reckon, minor movements

[JayJuanGee]

We can experience our 85% and greater correction at a later date.  There is no problem with that, and no reason that such further and additional correction might not take place at a later date.

I will take the 85% drop from 250k to 37.5k like a man. No whining, I promise!

Hey... anything is possible.


I was thinking something more in the territory of a drop from $120k to $18k... ... but I don't have any kind of exact foundation either.

Before this long correction (our current correction) I was thinking that our current blow off top would have taken us into the $30k to $50k range, and then at that point, I would have considered a 85% or more correction over a few years to be perfectly reasonable  (so a drop to somewhere between $4k and $7,500 after going into the $30-$50k price range.. but that is not our scenario, no more.. because we already had a 70% price correction).

$20k just seems like too much in the middle.. so to me, just does not seem to be like a sufficiently eggregious "blow off top."

[Biodom]

$20k just seems like too much in the middle.. so to me, just does not seem to be like a sufficiently eggregious "blow off top."

The projected blow-off top of 30-50K was 'terminated" with the use of futures.
Without futures deployment mid December, we would probably 'heated' up to that 30-50K number within a week or two.

[jonoiv]

Just like your guess on the list for highest price This year ..... around 7.5K or something
   

LOL

yer sorry, i got that one wrong.  but still made decent profit 20k peak.

You are hardly convincing.

How could you be in a position to be making "decent profits" at any point in time if you are continuously  spewing bear scenarios?

If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin.  Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.

As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.

It was meant to say "decent profit since 20k peak".

There is an element of truth to what you say.  I didn't hold any bitcoin from after i got wiped out to now, just alts (traded some btc from late 2017).  made about 2000% by this time last year.  sold all my alts well before the peak.   if i'd held bicoin and sold at the exact peak that would be about 1500% profit.   made almost 400% trading since Dec 2017.  So since, i guess approx mid 2014 (i can't remember the date), thats about 8000% in 4 years.  That's a conserative estimate.

But i did't have much to start with, so still very small fry, but im happy and very greatful.

[HI-TEC99]

$20k just seems like too much in the middle.. so to me, just does not seem to be like a sufficiently eggregious "blow off top."

The projected blow-off top of 30-50K was 'terminated" with the use of futures.
Without futures deployment mid December, we would probably 'heated' up to that 30-50K number within a week or two.

$30-50K still seems too much in the middle. $100k seems like a nice round number for an Autumn blow off top. 

[gentlemand]

The projected blow-off top of 30-50K was 'terminated" with the use of futures.
Without futures deployment mid December, we would probably 'heated' up to that 30-50K number within a week or two.

Futures were microscopic when they launched. It was the excuse to die, not the cause. Classic sell the news stuff.

[Biodom]

$20k just seems like too much in the middle.. so to me, just does not seem to be like a sufficiently eggregious "blow off top."

The projected blow-off top of 30-50K was 'terminated" with the use of futures.
Without futures deployment mid December, we would probably 'heated' up to that 30-50K number within a week or two.

$30-50K still seems too much in the middle. $100k seems like a nice round number for an Autumn blow off top.  

Yes, it (100K) could become an attractor.

[mymenace]

whenever there's a sea of red on CoinMarketCap, just for a shiggle I always look for that one that pumps.
just cuz there always is...and lo and behold....
Scammy-ass Shitcoin of the day....   EMPOWR COIN 
brought to you by the  quote, "inventor of virtual currency." 
 I'm all in man....

Good pick, amazing how you know so much.

[HairyMaclairy]

Also sold to pick up a Porsche, but that's about it.

What did you get if you don’t mind my asking?  I keep looking at the used ads but I’m not pulling the trigger yet. 

Late model 928S4 (91). It's a pretty good car, complex but still fix-able if you know what you're doing. Good 340 or so HP, so enough to get underway and reasonably priced. Excellent suspension for the turns, and at 100mph it cruises on the highway well.

I have always had a soft spot for the 928s but don’t know a lot about them. What does the S4 badge mean?

[HairyMaclairy]

[HairyMaclairy]

Late model 928S4 (91). It's a pretty good car, complex but still fix-able if you know what you're doing. Good 340 or so HP, so enough to get underway and reasonably priced. Excellent suspension for the turns, and at 100mph it cruises on the highway well.

I have always had a soft spot for the 928s but don’t know a lot about them. What does the S4 badge mean?

Most likely the Sport model, in a 4 wheel drive configuration.

Nice one.  Bob you got a 991 convertible yes  ?  How is it going?

[Biodom]

If they hypotheticate and re-hypothicate the s-t out of bitcoin like they did with gold, than it would not be bitcoin anymore, but something else.

@gentlemand posted this elsewhere:
https://www.ccn.com/interview-wall-street-vet-warns-of-ice-bringing-bad-banking-practices-to-crypto/

[d_eddie]

If they hypotheticate and re-hypothicate the s-t out of bitcoin like they did with gold, than it would not be bitcoin anymore, but something else.

@gentlemand posted this elsewhere:
https://www.ccn.com/interview-wall-street-vet-warns-of-ice-bringing-bad-banking-practices-to-crypto/

If it's really "bakkt" by verifiable crypto collateral, bad banking practices have no hope.

[jojo69]

Rick calls me a whore whenever I drive it with the top down.

[Biodom]

https://preview.ibb.co/c1p5Jz/1_BC5_B305_1840_4320_8972_A67_C3_E538_D59.jpg

If they hypotheticate and re-hypothicate the s-t out of bitcoin like they did with gold, than it would not be bitcoin anymore, but something else.

@gentlemand posted this elsewhere:
https://www.ccn.com/interview-wall-street-vet-warns-of-ice-bringing-bad-banking-practices-to-crypto/

If it's really "bakkt" by verifiable crypto collateral, bad banking practices have no hope.

verifiable? Theoretically, my stock at the brokerage is mine too. Do I know who it was re-hypotheticated to?
Absolutely not, and there is no way to find out.
It would become the same gimmick sooner or later, when "bakkt".