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Question: When will we see a new ATH?
2023 - 56 (21.6%)
2024 - 104 (40.2%)
2025 - 74 (28.6%)
2026 - 4 (1.5%)
2027 - 2 (0.8%)
After 2027 - 5 (1.9%)
Never - 14 (5.4%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26116980 times)
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d_eddie
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August 05, 2018, 08:17:30 PM

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!
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August 05, 2018, 08:26:22 PM
Merited by BobLawblaw (1)

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.

Can you make it accessible only by helicopter? I'm sure there are some nice spots here in Colorado where you can make it a fabulous glamping trip. Or you could do it either early 2022 or late 2022 and make it a fantastic ski holiday.
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August 05, 2018, 08:30:29 PM
Merited by LFC_Bitcoin (1)

With these super low prices we may need to shut down the blockchain.

Fortunately they released Satoshi's alert key.

Time to trigger the shutdown switch? Or might things turn around?

I'm scared.

Help.

Relax. The prices are still good. Rewind one year and $6000 seemed like moon. Charts mean, because they can be interpreted any way you wish. I can feel the replay of 2014-15 in all the emotions, remembering clearly the daily twists and turns, and it is tracking closely.

Don't get scared until sub $3000. The bounce will be good, it just isn't near yet.

Alternatively don't watch for a year or so, it will be easier on your stress levels.

LOL thats the most easy to say don't watch for a year  Roll Eyes
but the NR1 most difficult to do ......... or go live on an island alone ?

just live with it and know thats its just the way it works..... but  think it is more of a joke if it is seriously meant.....

and yes spread some new cheap coins for hodlers that knows what to do with it, only fools selling right now  Roll Eyes

I know right, what kind of an asshole sells at this price after seeing what’s possible (north of $19,000 last year).
I think if you need to make the huge profits ASAP then bitcoin is the wrong investment for you.

Personally, I accept that anyone who is in decent profits at $7k and perhaps bought under $1k would have the freedom to sell parts of his/her stash at any time.  Would have been better to sell at higher profits, but there is some flexibility there.

On the other hand, anyone who got into bitcoin after December 2017, might be a lot more distracted into the get rich quick scheme that is not coming out as plan.

Practically those folks should be HODLing through and having a plan to buy more coins as the price goes down (and if the price goes down).  There are ways to plan it out in a kind of systematic way to be able to ride out the wave and accumulate more coins and not to sell for lower than your purchase costs (plus fees and expenses).
 
If you zoom out & look at charts since the first block was mined it’s pretty obvious that over time the price of bitcoin goes in one direction & that’s upwards.

You are correct that we are likely to continue to see a similar pattern into the future, and amazingly, we still seem to have well below 1% of world adoption into bitcoin.... whoaza!!!

Seriously what is 2-3 years of waiting in a lifetime?

2-3 years is a decently low period of time to wait for any investment (even though it can seem like a long time while you are going through it).   Actually there are some tech bubble stocks from the early 2000s that took more than 15 years to recover... wow...


We’ll see $50,000 per coin around 6-12 months after the next halving. I’m fucking certain of it.

Surely decent odds, and surely nothing is guaranteed.. however, I understand that your certainty comes from the fact that there are really decent odds of such price rise happening, and given the last several exponential price curves, it is starting to seem as if $50k would be conservative.

Even though I also have decent certainty of another price rise, my approach remains fairly conservative, and I remain happy with our current price, or even going up slightly from here.  And, even $20k would be quite amazing for an appreciation of my already good lifestyle with current prices.  I do understand that some folks who bought in at higher prices cannot live so sanguinely, but like you said, the odds seem pretty favorable to continue to invest into bitcoin (at least don't be leveraging or taking your living expenses and invest only what you can afford to lose, and you will still be doing pretty great with bitcoin outperforming a large majority of any other place that you could put your extra money.  Oh, by the way, there is nothing wrong with living and eating kind of frugal during a relatively short investment period of 3-5 years, and in bitcoin (and some other investments) that can be considered delayed gratification that is likely to pay off handsomely down the road as long as you don't get too excited to cash out grandly and way too early). 
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August 05, 2018, 08:36:28 PM

Rewind one year and $6000 seemed like moon.
Just don't rewind 6 months ago. Make sure to cherry pick the right timeline.

Don't get scared until sub $3000.
$3000 is nonsense. Pass it on.


It is even more optimistic to rewind 18 months (to $1000), and the uptrend is still showing as very strong. In fact take any price point more than 10 months ago.  My point is that the price can come back to sub $3000 without breaking the long term uptrend.

Looking back to the peak price is too discouraging.

That´s a bit easy isn't it?

Since bitcoin basically startet at 0 USD you can pick any number and see it as an uptrend.

Pick 5 USD for instance. If we move down to 5 USD tomorrow going from bitcoins inception we probably doubled each year.

Hm?  Maybe that is why we are so bullish about bitcoin?  It's a mirage.   Wink   Cheesy   
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August 05, 2018, 08:40:43 PM

When I first heard of bitcoin price was in the $20s not long after it was at $266.

That's odd, because the absolute bottom after $266 was $45 on Stamp. Gox only made it to $50 iirc.

The selling panic during those few days was intense - more so than anything I've seen since. $100+ blew a lot of minds back then Tongue


You are misreading the sentence, yefi.

somac is saying that the price went from $20 to $266 and then to $7k 5 years later - even though you could read the sentence another way to say that bitcoin went to $20 not long after it was at $266 - but that second reading is not what somac is saying.
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August 05, 2018, 08:44:16 PM

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
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August 05, 2018, 08:51:04 PM

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?
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August 05, 2018, 08:58:01 PM

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  Grin and if my girlfriend behave well she can come too  Roll Eyes
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August 05, 2018, 08:59:55 PM
Merited by JayJuanGee (1)


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
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August 05, 2018, 09:01:03 PM
Merited by El duderino_ (1)

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

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.
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August 05, 2018, 09:03:36 PM

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
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August 05, 2018, 09:09:31 PM
Last edit: August 05, 2018, 09:19:54 PM by JayJuanGee
Merited by LFC_Bitcoin (1)

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."
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August 05, 2018, 09:11:52 PM



$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.
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August 05, 2018, 09:30:07 PM
Last edit: August 06, 2018, 04:49:18 PM by jonoiv

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

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.

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August 05, 2018, 09:59:36 PM



$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.  Tongue
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August 05, 2018, 10:05:05 PM
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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.
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August 05, 2018, 10:15:23 PM
Last edit: August 06, 2018, 07:54:18 AM by 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.  Tongue

Yes, it (100K) could become an attractor.
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August 05, 2018, 10:28:20 PM

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.
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August 05, 2018, 10:42:36 PM

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?
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August 05, 2018, 10:49:13 PM
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