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

[JayJuanGee]

I am comfortable with the idea of us hitting $200k on the next spike.  

Let's say that there are graduations in predictions that are more conservative and more adventurous.

Maybe we can put the bears and shorters aside, just for the moment, and consider the bitcoin bull cases.

1) We already know that there are bitcoin bullish folks who are so timid and have so little confidence in bitcoin, that there are going to be variations of them dumping all the way up to $19k and without even confidence that bitcoin will reach $19k again.  Surely, those can still end up being short term profitable positions to take, because we don't know how long it is going to break through all the resistances from here to $19k, but likely once we get above the $16,500 arena, there is going to be decent likelihood of breaking above $20k soon thereafter.. but even a month or more could seem like a lifetime to the bitcoin tepid.

2) Probably the second category of folks are really o.k with a kind of 25% to 100% beyond the previous ATH - but to me that territory really seems unrealistic in terms of sell territory... and seems like a lot of those folks are going to be wrong because bitcoin has a very great at least a 2x passed the previous ATH.. so seems a bit imprudent to be cashing out at least 2x passed the previous ATH.

3) Here's where it becomes more dicey because of the seeming reasonableness of it, and that is anywhere in the 2x to 5x territory.  Surely it is going to seem reasonable to be cashing out decently in this $40k to $100k territory, and surely it seems plausible that we are going to be getting decent resistance in the $100k territory - however, I might be a bit with you, Hairy, that if BTC gets such momentum that it is able to get into a close to $100k range, then breaking through $100k might make $200k relatively easy, and therefore a reasonable expectation... Alright, you kind of talked me into $200k as being almost more reasonable than $100k, because once we get to $100k, gosh there is surely likely to be momentum and FOMO that is quite difficult to contain, even when there are a lot of folks who want to cash out, the ones wanting "in" then become quite likely to out number the ones wanting "out"

[infofront]

[HairyMaclairy]

Hairy, that if BTC gets such momentum that it is able to get into a close to $100k range, then breaking through $100k might make $200k relatively easy, and therefore a reasonable expectation... Alright, you kind of talked me into $200k as being almost more reasonable than $100k, because once we get to $100k, gosh there is surely likely to be momentum and FOMO that is quite difficult to contain, even when there are a lot of folks who want to cash out, the ones wanting "in" then become quite likely to out number the ones wanting "out"

Pretty much everyone in a Western country who is not living under a rock has heard of Bitcoin.  But only 2% hold any crypto (if that much).  Going from 2% of the population holding Bitcoin to 15% or 20% is going to result in a bull market frenzy that will blow everyone away.  Predictions of $50k are piss weak. 

We don't know who struck first, us or them, but we know that it was us that scorched the sky.

[xhomerx10]

guys, guys

the cephalopod fetish stuff was bad enough, can we not hold forth on salad tossing please?

 I love cheap thrills.

[Hueristic]

His calculations for a 56k modem is in bytes when it should be in bits.

OMG it should be "Noob Craig S Wright", not "Dr. Craig S Wright". Too bad I can't troll his tweets anymore as he has blocked me from following him.

As soon as people are using titles in order to convey their messages, they have to lose a bit of credibility, just for that nonsense.

[edited out]

Isn't it possible to create more than one account on Twitter? 

Sounds interesting, will try it right now.

I'll keep the Twitter handle of new account something like @the_sole_purpose_of_this_account_is_to_troll_noob_craig_wright

The proposed name of your new account should help you from NOT getting blocked, if that is your objective.   

I remember it taking me over a week to download a CD over modem, it was not a process I enjoyed repeating.

No, It wasn't Pr0n! ...

You could never get close to those theoretical numbers, but it is quite amusing how the "Dr." doesn't know a byte from a bit.

[JayJuanGee]

Hairy, that if BTC gets such momentum that it is able to get into a close to $100k range, then breaking through $100k might make $200k relatively easy, and therefore a reasonable expectation... Alright, you kind of talked me into $200k as being almost more reasonable than $100k, because once we get to $100k, gosh there is surely likely to be momentum and FOMO that is quite difficult to contain, even when there are a lot of folks who want to cash out, the ones wanting "in" then become quite likely to out number the ones wanting "out"

Pretty much everyone in a Western country who is not living under a rock has heard of Bitcoin.  

hahahahaha... Perhaps you are going to accuse me of arguing for the mere sake of arguing, but I am going to assert that a lot of people, even in the western world, has not heard of bitcoin, and even if they heard the name, they don't got much of a clue about what it is.  So maybe 20% of western folks have looked into bitcoin, and perhaps half of them might have a clue about what bitcoin is, but the fact that they are largely not buying any demonstrates that they don't really know what it is.

But only 2% hold any crypto (if that much).  

I agree with that number.

Going from 2% of the population holding Bitcoin to 15% or 20% is going to result in a bull market frenzy that will blow everyone away.  Predictions of $50k are piss weak. 

I agree with that, too, but I still remain unclear on the timeline whether we are going to be able to get past ATH in the next months or even the next couple of years... It just remains unclear about timing until the price starts to move and we start to get some UPPITY momentum.

We don't know who struck first, us or them, but we know that it was us that scorched the sky.

This one I don't understand.   

[JayJuanGee]

His calculations for a 56k modem is in bytes when it should be in bits.

OMG it should be "Noob Craig S Wright", not "Dr. Craig S Wright". Too bad I can't troll his tweets anymore as he has blocked me from following him.

As soon as people are using titles in order to convey their messages, they have to lose a bit of credibility, just for that nonsense.

[edited out]

Isn't it possible to create more than one account on Twitter? 

Sounds interesting, will try it right now.

I'll keep the Twitter handle of new account something like @the_sole_purpose_of_this_account_is_to_troll_noob_craig_wright

The proposed name of your new account should help you from NOT getting blocked, if that is your objective.   

I remember it taking me over a week to download a CD over modem, it was not a process I enjoyed repeating.

No, It wasn't Pr0n! ...

You could never get close to those theoretical numbers, but it is quite amusing how the "Dr." doesn't know a byte from a bit.

He is versed in the art of conning, and that remains his specialty.... and funny thing with some of these con artists that they get pissed off when they are called on their bullshit, and sometimes they will go away, but funny thing when they are making money, then they are not going to go away.. they are going to persist... even though they look like the dumbest of asses...   Dunning-Kruger effect.

[Phil_S]

95 minutes for 320 mb? That's 3 hours to download a CD?

Yeah, we weren't that lucky during dial-up days.

[jojo69]

We don't know who struck first, us or them, but we know that it was us that scorched the sky.

This one I don't understand.   

In the early stages of the war, Humanity initially had the upper hand, but this quickly turned in favor of the Machines, with their deployment of new, technologically-advanced, and far more inhuman robots. The new robots no longer were anthropoid like those created by their former human masters, but rather more insectoid and cephalopod-like. The Machines slowly and steadily conquered more and more human territory with humanity only able to win costly victories.

[Syke]

Eating ass is not that unusual. https://youtu.be/A0t2sjWX4cQ?t=6m29s

[Totscha]

95 minutes for 320 mb? That's 3 hours to download a CD?

Yeah, we weren't that lucky during dial-up days.

Yeah... Even if it was that fast. At 2:45 your mom would need to use the phone.

[JayJuanGee]

We don't know who struck first, us or them, but we know that it was us that scorched the sky.

This one I don't understand.   

In the early stages of the war, Humanity initially had the upper hand, but this quickly turned in favor of the Machines, with their deployment of new, technologically-advanced, and far more inhuman robots. The new robots no longer were anthropoid like those created by their former human masters, but rather more insectoid and cephalopod-like. The Machines slowly and steadily conquered more and more human territory with humanity only able to win costly victories.

Oh?  Seems that context can make some of the earlier confusion more clear or at least less unclear.

[jbreher]

I sold more than the above plan. I recognized the likelihood of the blowoff top,

I will concede if the correction lasts for more than a year and if we are in the below $10k doldrums for more than a year.. then perhaps last year's BTC price peak could be fairly classified as a blow off top.  However, if we get something else, and even perhaps a return to another price peak that rises us above $10k before February 2019, then maybe our real blow off top for this exponential growth period (and perhaps series of peaks like 2013) is yet to come... which could mean that $100k is within grasp.

Perhaps I should have said localized blow-off top?

and I wanted to buy my lambo.

I am more likely to consider a figurative lambo than an actual lambo.

Aye, my lambo be a rhetorical lambo, not a literal Lambo. Hell, I drive a 20 year old full-size van. Then again, my rhetorical lambo cost quite a bit more than a literal Lambo.

Capital gains are a natural result of profits - they're a lot more affordable than a 2/3 haircut.

No problem trying to figure out ways to pay less taxes, but if there are reasonable lifestyle purchases, such as a lambo or even a lambo substitute, better to just declare everything outright rather than spending too much energy to try to save on taxes but then miss opportunities to enjoy the fruits of your years of investment and HODLing.

'zackly.

[Karartma1]

I don't need no Lamborghini nor Aston Martin nor Ferrari.

All I need is Carolina

[El duderino_]

^
By than minimum pricess are 1 satochi/dollar there or No cent pricess anymore

Mic, please......
Satoshi 

WoW capitol mistake
Thanks for correcting SIR (have a free day @barca and a few wines as cheap labrusco’s and with the sun feeling the little alcohol ....) So let the alcohol take the blame on that one 

 Mic, please.....
capital mistake   

Mmmm ok , So iT was Just a trap to see if someone noticed, or iT was because i’m writing on my iPhone and iT autocorrects me wrong, or because of my big fingers and te small letters .....whatever with beeing here everyday i feel my english writing is getting better So Another positive thing BTC is giving me 😁 ( i do know my english isn’t good my GF and few friends that also Reading on the threat finding iT hilarious  )

[HairyMaclairy]

You know what they say about big hands and big feet?

Lots of typos

[Totscha]

^
By than minimum pricess are 1 satochi/dollar there or No cent pricess anymore

Mic, please......
Satoshi 

WoW capitol mistake
Thanks for correcting SIR (have a free day @barca and a few wines as cheap labrusco’s and with the sun feeling the little alcohol ....) So let the alcohol take the blame on that one 

 Mic, please.....
capital mistake   

Mmmm ok , So iT was Just a trap to see if someone noticed, or iT was because i’m writing on my iPhone and iT autocorrects me wrong, or because of my big fingers and te small letters .....whatever with beeing here everyday i feel my english writing is getting better So Another positive thing BTC is giving me 😁 ( i do know my english isn’t good my GF and few friends that also Reading on the threat finding iT hilarious  )

Some people just don't get sarchasm

[RivAngE]

Wow I didn't know Bitmain is going for public listing on exchanges! So we now have the chance to either short Bitmain's shares and gain on their fall instead of shorting BCH? Both are the same things anyway!

Just kidding... don't risk your money shorting Bitmain... They have showcased their readiness to work in any underhanded method as long as it benefits their wallet. I'm sure they will be able to manipulate their earnings since a lot of their money is in cryptocoins. Hopefully they're not holding BTCs though, I want to hope they've done selling BTC to buy BCH and they won't drop the BTC's price lower after it goes up a little.

[HairyMaclairy]

General consensus is they are desperately selling their BTC to prop up BCH price.   It is one of the great wealth transfers in history.  Thank you Bitmain.

[El duderino_]

via Imgflip Meme Generator

my friend , after reading this book orders it many times and give it to random friends/people or guests that visits his home place ,he says its a very good book if there is some intrest in BTC etc .... so maybe gonna have to read it as well