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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (19.9%)
1-10% - 18 (13.2%)
11-20% - 15 (11%)
21-30% - 19 (14%)
31-40% - 7 (5.1%)
41-50% - 15 (11%)
51-60% - 9 (6.6%)
61-70% - 6 (4.4%)
71-80% - 4 (2.9%)
81-90% - 2 (1.5%)
91-99% - 3 (2.2%)
100% - 11 (8.1%)
Total Voters: 136

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21800055 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. (148 posts by 37 users deleted.)
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February 12, 2019, 09:49:01 PM

Movie starting ..... but i also thought PSG was going to win Wink

Which one you are going to watch. Yes a sure win for PSG. Man Utd sucks LOL
No doubt, American Pie.  Grin Grin
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Last of the V8s
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February 12, 2019, 09:50:21 PM

That thing in Bob's pants seems to have subsided somewhat.
Seriously who can trade this market?
Just buy and hold till 279,999
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February 12, 2019, 09:52:23 PM

That thing in Bob's pants seems to have subsided somewhat.
Seriously who can trade this market?
Just buy and hold till 279,999
Only whales or people with steel eggs. Cry
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February 12, 2019, 10:01:38 PM
Last edit: February 13, 2019, 12:40:20 AM by Biodom

This shows that Solskjaer is not a Champions league team manager yet.
He might not get a job and they might go for Zidane+$200-300 mil expenditure instead.

Re next peak.
IMHO, it makes sense to sell some at $18-22K just in case this double tops even if it is unlikely.
I expected 28K last time due to some BETI "numerology" (described somewhere on bitcointalk).
We got thwarted by the futures.

Next time, i will be selling (maybe 5-10% of the total) progressively.
Sell a little at 22K, then if we go into sharp rise, start selling at around 50-100K and do it mechanically every 20-50K.
Say, a 50K, 100K, 150K, etc. or a variation thereof.
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February 12, 2019, 10:08:14 PM

I think maybe rise to a pseudo-color floor because some issues may have experienced such an increase in terms of a kind of relief had stopped.

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February 12, 2019, 11:04:21 PM

https://blog.bitmex.com/anatomy-of-the-next-global-financial-crisis/
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February 12, 2019, 11:15:06 PM
Merited by cAPSLOCK (10), Paashaas (1), infofront (1), mindrust (1), Toxic2040 (1)


No - this isn't some archived article from 2017 being regurgitated for clickbait. It's 2019 and yes, we're still dredging day-by-day through the lifeless landscape fighting for any semblance of civilization in what feels to be a real-life Mad Max spinoff. With bigger than life characters fighting over limited resources while all trying to destroy one another. On top of it being the longest bear market in Bitcoin history there's also a double whammy in that the coldest winter has literally been registered in many parts of the United States to make things more depressing. It seems the Bitcoin winter has not only stopped Tom Lee (@fundstrat) refusing to give anymore Bitcoin price forecasts on national television, but it's gone as far as influencing mother nature herself. If this crypto winter has the possibility to go on for another eight to twelve months as some analysts predict I would ask the Bitcoin God's to just release the damn zombies. The suffering is hitting its breaking point for many. But in times of such despair, any experienced speculator knows – this is now the opportunity to find value. We are closer to the bottom than ever before.

The fundamental picture for cryptocurrencies has never been rosier. All you have to do is stay updated on Laura Shin’s twitter (@laurashin) or informative weekly podcast to get updates from industry insiders, buy a custom Anthony Pompliano (@apompliano) t-shirt "Long Bitcoin , Short the Bankers" while wearing your skinny jeans, high tops and showing off that arm sleeve to tell Wall Street bankers you ain’t scurred. Be sure to follow billionaire Mike Novogratz (@novogratz) on twitter for a weekly dose of why Bitcoin is not just digital gold , but this entire space has the potential to become a digital galaxy of opportunity (see what I did there). Novogratz a former hedge fund trader founded the first digital asset bank Galaxy Digital during the start of the 2018 recession. The stock is also a publicly traded company on Canadian TSX exchange ticker: GLXY . He was also a collegiate wrestler back in the day and can probably still tap you out.

But seriously, the fundamental picture is better than ever. Fidelity is building out a regulated digital asset exchange for its clients with a secure custody solution for 2019. We have BaKKT, sister company of I.C.E ( Intercontinental exchange ) that oversees and operates global stock markets like the NYSE raising over $185MM in initial round funding for its digital asset exchange plus custody and physically delivered bitcoin futures . There are rumors that Starbucks and Microsoft are part of this project as well. Every well-known asset manager is researching and doing their own due diligence in studying crypto assets. Coinbase and Gemini continue to push the envelope in coming up with institutional grade products while at the same time satisfying regulators. The infrastructure isn’t just being built in the US. In fact, the argument could be made that countries like Japan, Singapore, Hong Kong and S. Korea are all ahead of the game. The regulators of these countries have been strict in certain areas of crypto’s primarily the ICO market, however, they have been much more engaging with businesses and exchanges in providing clarity where it’s needed. This is truly lacking here by the SEC. It’s this lack of involvement and collaboration in fostering this new technology, which is keeping the institutional market place being more engaged in the U.S.

Given the fundamental’s how does the technical setup look on the charts?

Well for bull traders it’s been more like that zombie apocalypse I referenced earlier. The catalyst was in March 2018 when Bitcoin dropped below its 200 daily moving average for the second time in less than a month the market has been a steady free fall state since marked by higher lows of each peak. To give Bitcoin some credit it held $6,000 levels for months. The bears tried breaking this barrier a number of times over the course of 2018 and the bulls managed to hold the line with every attack, until it didn’t. And when this barrier broke the bear zombies came in like some episode of Walking Dead with no weapons to defend ourselves. This was lower first with sentiment then prices closely follow. Even though Bitcoin peaked in December 2017 and was falling steadily afterwards many consider the bear market beginning in March when it fell below this threshold and remained below its 200 DMA. This is not crypto unique. This is a long-term technical indicator as well in the stock market and in fact most of the technology stocks for example are trading below their 200 DMA for several months now – hence CNBC and talks whether we are or not in a recession being debated daily.

The above chart is a zoomed-out Bitcoin history lesson since 2012. The chart highlights the most recent bull and bear cycles, the length of these cycles and other attributes. You can see starting from left to right that each cycle from bottom to top bitcoin surged around 12,000% since 2012. In this piece we have dissected the 2014/2015 recession mainly because it’s alarming how similar it looks in terms of the 2018/2019 market conditions. If we believe patterns tend to repeat themselves than we can extrapolate by studying the previous recessions to come up with estimates on timing and magnitude on Bitcoin’s future. A number of black swan events could derail Bitcoin hitting its price of $340,000 per coin, however, one fact does remain true. Bitcoin has had a written obituary written more than 350+ times in its history. Yet, it remains here, thriving and continues to achieve cycle over cycle new all-time highs. It’s proving the store-of-value proposal despite the skeptics and non-believers.

We believe the target accumulation zone to be $2,500 to $5,700 based on previous market cycles and timing. There is a double bounce as well on the RSI from previous 2015. Yes Bitcoin could fall lower, but you’ll never catch the bottom and sell the very top. We believe the bitcoin will cross it’s 200 daily moving average by September 2019 which will confirm the bear market over. The asset will go into it’s next hyperwave cycle and by January 2021 will reach a price of 20k. At this point we expect a Wall Street FOMO bubble to take hold and make the retail trading bubble of 2017 look like peanuts. Read further below on how this fundamental picture could happen.

What are fundamental factors that could support a 6-figure Bitcoin price?

Generational shift towards understanding digital scarcity + borderless money

Millennial and Generation Z – they understand all things digital. This demographic is defined as anyone born between 1981-2000’s for Millennials and early 2,000’s to current for Generation Z. Each of these generations are expected to be larger than the baby boomer generation. These generations grew up with Wi-Fi everywhere, smart phones, social media, advanced gaming/computing and YouTube for their news. They also grew up during the 2008 recession and experienced first-hand the fall of banking greed as their parents lost homes, jobs and a cushy lifestyle. They don’t trust churches and governments. They consider digital goods to be as tangible as something you can feel and touch. They will have relationships with artificial intelligence and robots in the future and virtual reality so advanced the internet won’t be a 2D screen, but a 3D world. They will accept the proposition that collecting digital scarcity goods should be part of every portfolio strategy. They will look at digital commodities like Bitcoin as better than Gold . You can transact act with it digitally. It’s much easier and portable when inside a digital world. The majority of this demographic will demand remote working opportunities as they don’t want to be held down in anyone particular location. They will demand a borderless money to transact on top of. Bitcoin has censorship resistant qualities and it’s decentralized like Gold because it isn’t controlled by anyone organization or government, which will appeal to them. Digital scarcity and collectibles will have intrinsic qualities to this generation due to the economic fabric they will be interacting in. Bitcoin was invented on the internet. It makes sense there should be a borderless currency and these generations will be big proponents of no more walls and borders. Borderless money will be a catalyst towards this.

Bitcoin Halving (3rd halving estimated sometime in 2020)

Every 4 years the block reward that goes to miners for doing the “accounting” and "security" legwork on the Bitcoin blockchain gets reduced by half. The game theory behind this is when you have an asset which is fixed in supply, rewards get cut by 50% every 4 years and demand is steady or climbs you have all the ingredients for a market to allocate more electricity and computing resources to compete for those diminishing block rewards. Bitcoin is the first to create digital scarcity and the reason why many people feel Bitcoin is to Gold as the smart phone was to landlines.

Lost btcusd

It is estimated that anywhere from 20% to 30% of Bitcoin’s are lost forever from the early days when it was worth less than $10. People from 2009-2011 who were mining Bitcoin lost hard drives over the years because they had no idea someday in the future those cheap coins would end up being worth a fortune. There are so many stories of IT workers who used to mine bitcoin’s in the early days when you could off a laptop accumulating thousands to only disregard the hardware into a trash bin’s later because either they either forgot or the coins weren’t worth anything yet. So even though the supply cap of Bitcoin is 21 million the reality is that there will be much less once all the Bitcoin’s get printed in decades to come.

If Bitcoin is going to $340K that’s a $5.4T market value considering lost coins. But how?

Bitcoin competes with Gold and Offshore Banking

Gold has a $7.7T market cap. Many of the attributes that make Gold , um, Gold also are engrained in the coding of Bitcoin . Both are scarce, decentralized (not owned by anyone central authority) and censorship resistance (you can’t counterfeit Gold or Bitcoin ). The advantages of Bitcoin over Gold are that it’s lighter weight. You can carry billions of value worth on a thumb drive vs. where Gold you need advanced storage, military and billions in security infrastructure to safely protect the world’s gold . Yes, Gold has industrial uses, however, those uses don’t justify a 7.7T market valuation. Most of the value is tied up in speculative trading on markets. So, Bitcoin at $340,000 and say 17,000 Bitcoins would put us around $5.5T. Still less than Gold but definitely a competitor.

Offshore banking is an important function to the financial markets. Geographic diversification is an important strategy for wealthy individuals looking to protect their assets as well as corporations needing capital access globally and out of reach from certain regimes. There is a stigma that it is only used for illegal activity (evading taxes), but there are legitimate and business use cases for such a setup. This network is estimated to be around $20T of assets deposited in offshore global banks.

So, if Bitcoin could gain 10% of the combined Gold + Offshore business that puts Bitcoin at a price of around $180,000 per coin. How do we get to the final $140,000 push? Well that’s easy. We haven’t even gotten to the Wall Street money, retail investors, pension funds and many more billions that could easily flow into this market.

So, as you can see with a generational mindset shift coupled with more familiarity and comfort with this technology it’s not difficult to dream of Bitcoin hitting $100k, $300k or even magnitudes higher. But like any dream it could come crashing down like a house of cards.

If you study the chart above you will see the bull and bear market cycles tend to repeat themselves in patterns. Bitcoin has gone through +80% drops over the past 10 years and has always rallied back to all-time highs within a few years. If Bitcoin simply follows the 2014-2015 pattern of high to lows and then to highs again $340,000 per coin is technically within reason. The fundamentals are achievable as well, but it will require a combination of government and corporate support to allow for growth like it did for the Gold market bull boom in the 2000’s.

There is one thing for certain. Wall Street loves to create bubbles. The Wall Street bitcoin bubble of 2021 will make the retail bubble look like a walk in the park. It will be a combined generation shift, bitcoin economics and traditional industry giving up market share to this new technology. All of this will lead to a six-figure bitcoin price. The question you have to ask yourself is: If you can't handle the 80% drops do you deserve the 1000x gains?

B
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February 12, 2019, 11:19:05 PM
Merited by kavabanga07 (1)

JJG II  - the return of the long lost brother
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February 12, 2019, 11:27:42 PM

Felt like ages. Took a bite on the sofa pillow.

Don't I look A-fucking-mazing?? Grin

Brother xhomerx10 couldn't have nailed it any better.

Dildos on me tonight. Kiss
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February 12, 2019, 11:30:23 PM

Συγχαρητήρια!
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February 12, 2019, 11:36:41 PM

What is with all this dick talk anyway?
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February 12, 2019, 11:38:00 PM

JJG II  - the return of the long lost brother



#

Nice to see your balls back in shape BobbroBob. Cool

#

Συγχαρητήρια!

Nα'σαι καλά!!
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February 12, 2019, 11:43:11 PM

Embrace the big dick energy Tongue
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February 12, 2019, 11:45:34 PM

Are we going to Thailand?
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February 12, 2019, 11:52:27 PM

. Fucking disgusting, I kicked it onto the road.
Agree, you should've cleaned it and popped it in the relevant recycling bin.
Reported.

Should have washed it and reused it.   Roll Eyes   Purple is a nice color.. matches my hat.    Wink
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February 13, 2019, 12:07:41 AM
Last edit: February 13, 2019, 12:22:46 AM by micgoossens

Movie starting ..... but i also thought PSG was going to win Wink

Which one you are going to watch. Yes a sure win for PSG. Man Utd sucks LOL

Wanted to see ALITA but its only playing from tomorrow, always NEW releases on wednesday (but I thought it already played)

Almost saw all the most so we went for escape room not ugly bad just a mix of all things i already have seen, it had its OK parts but no high flyer either....

And under Mourinho they sucked donkeycock for real, low they where on a good streak.....
Good they lost, cause Maybe the loding streak continious against LFC Cheesy
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February 13, 2019, 12:08:50 AM
Merited by mindrust (1)

I am pretty sure many of us here will be lining up to sell most of their stash as soon as we see any price above $10k.

$10k?  Hah.  Speak for yourself bucko !

Selling at $10k in the next bull run will be similar to selling at ~$4k in August 2017 (just before everything went crazy).

In the next run, this thing's definitely going to cross $50k.


I am having difficulties with your math and your seeming weak attempts at analogies.

If you are attempting to compare the last bull run, then you need to consider what the ATH was during the last bull run.

Were you there? 

Do you even bitcoin?

The last bull run had a previous ATH of $1,163 that it was struggling to get to... There were a lot of folks who sold in the $700 to $1k price territory because they did not believe that BTC price was going to break above previous ATH of $1,163.  There were another group of peeps who sold a lot of coin between $2k and $3k because they thought that the BTC price had topped and then another group who sold in the $3k to $7k territory because they saw 3x to 5x returns over and above the previous ATH and surely froth in the market. 

Even though, I am no genius, I was fairly confident that we were going to experience a correction before $7k to $8k but even higher chances once BTC prices were approaching $10k, but BTC broke through lame resistences up to $10k like a kind of butter... so I was too nervous to deviate much from my already system of just selling small amounts on the way up.

In other words, what I am suggesting that if you want to make comparisons to the shooting past the previous ATH, then this upcoming time $10k is likely going to be like those folks selling in the $500 to $1k range and selling at $50k is going to be like those folks selling in the $3k to $7k range.... not good to be selling all your BTC.. hang onto some and support the BTC system... no problem selling a bit at $10k, $50k and other points between and higher, but you should also be hanging onto some, evn if you end up losing some of the value later down the road when BTC prices crash from $200k-ish to to $30k-ish.
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February 13, 2019, 12:12:23 AM

holy motherfucking wall of text

jesus
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February 13, 2019, 12:14:38 AM

when the price suddenly and unexpectedly stops going up

In the dawn of this new hyperborean era, who will be next to be chopped down by the savage sword of r0ach the barbarian.
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February 13, 2019, 12:19:44 AM



Are you trying to suggest that Craig is making some kind of value contribution to truth in some kind of way?

The guys spouts out so much bullshit, that even if he happens to say some things that are true, who gives a ratt's ass?

There are scam artist and conmen who likely speak more than 90% truth.. that is how the whole practice operates.  You convince people to follow you because a lot of the things that you are saying is true.

However, in the end, the more important part remains that Craig is a narcissistic conman and a scam artist, and the exact percentage of what he says that happens to be true is largely irrelevant to the correct overall conclusion about his character.  There are others in the bitcoin, bcash and crypto space who also clearly and unambiguously fit into the conman and scam artist, and certainly the level of con and scam is going to vary from person to person, whether we are talking about Roger Ver, Jihan Wu, Vitalik Buterin, Vinny Lingham, annunymint, or some other known character in the space.
Na man it was a sarcasm.
I have no interest in Craig or Roger Ver.

I can not stand Roger Ver. This guys is too fu**king stupid and giving all the bad names to the original bitcoin. That MF even using the brand name of bitcoins.

Bitcoin.com sounds a site should have everything about bitcoin but when you visit there you will find it's about f**ing bCash. Everyday new people are buying bCash not knowing that it's an altcoin. They think it's bitcoins.

I agree that both Roger Ver and Craig Wright are scamming fraudsters.. misleading regular peeps or perhaps peeps who don't engage in enough due diligence.
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