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

[JayJuanGee]

I can look at the entire bitcoin bull market since 2011 through the Elliott Wave filter. When I do that, it looks like the classic 5-wave rally.
The first wave peaked in late 2013 and crashed 87% into early 2015.
he next wave peaked in December 2017 and crashed, thus far, 84% into its recent low around $3,200.
If it repeats the 87% crash previously, that would be put it as low as $2,600 just ahead.
Then, if stocks take off soon, as I expect they will, bitcoin could easily rally to new highs.

The target…
My best estimate, and it could be higher, would be $32,000.

http://www.marketoracle.co.uk/Article64207.html

If it's true, better to have a strategy or hold it again.

That presumptions of that chart is bullshit... in part, it seems to presume that BTC is either a mature asset or that it is a dying asset... and further that it is going to be quasi-correlated to the stock market.   

Anyhow, BTC is not going to go shooting past $19k and ONLY go to $32k and then correct back to the price where it currently is... Out of touch thinking there with a scenario that has less than 1% of a chance of happening in the way outlined......

[1632193131]

1632193131

[Globb0]

Hello! Today is the year as I am registered on the forum. Now I will celebrate this event. I want to thank everyone for the fact that in the evening, reading the Wall Observer BTC / USD, I feel the support of like-minded people and get a good mood charge (in most cases).

Good place as you say for

1) very experienced people in lots of fields

2) Good ideas are shared

3) and they can be well critiqued too


One day we may all get rich together if we keep sharing and exchanging ideas and suggestions.

I think the calibre is often good. Some obv exceptions but that's also something to learn.

[windjc]

Rastani calls for $30,000, but we may have to wait quite a while, cites history of AMZN.


https://www.youtube.com/watch?v=pr87uO35chE

What kind of bullshit is this? How does this guy have 127k youtube subscribers? I mean that video could have been made by a ten year old. Amazons chart has nothing to do with BTC. Just look at the 10 year track record of BTC and you can see where we are heading into and after the next halving.

[rebal15]

Rastani calls for $30,000, but we may have to wait quite a while, cites history of AMZN.


https://www.youtube.com/watch?v=pr87uO35chE

the video shows no solid arguments, it is not sure that the scenario of amazon will happen to bitcoin. I hope it will not cuz 10 years is long.

[JayJuanGee]

I don’t doubt that after 10 years of litigation, Craig’s patents will be found invalid as well. 

Because you have read them, you have extensive knowledge of the subject area each one covers, are conversant with all related existing patents, and you have made a meaningful analysis of each? Or because reasons (i.e., Craig derangement syndrome)?

The last one.  There is no need to study specifics because Craig is a fucktard con-artist, and therefore, it is quite likely that his patent bullshit does not even exist and if it does exist, it rises to the level of smoke n mirrors phoney baloney.   Thank me later for my contribution to set the record straight, herein.   

[vapourminer]

Thank you all for commenting on the age, I wanted to know if at the party of the 100k I would be only in the luxury geriatric.

age? pffft. as long as we can all manage space flight conditions.

ie 1st, we meet at elon musks roadster for group pics. then off to mars to dust off Opportunitys solar panels. then we set up the 1st interplanetary bar on mars. at that point, we officially begin the party. unsure how much booze we can fit on one of musks big falcons though so we need to figure out how much we consume per supply rocket and figure a launch schedule. we will need several dozen such supply runs..

Sounds interesting, lol,  I like it, where do you have to buy the ticket?
A little music for the trip:

Magic 24K

https://www.youtube.com/watch?v=UqyT8IEBkvY

tickets? rich people dont do "tickets."

we just buy the launch pads and vehicles.

[jojo69]

OMG guys!  I am so happy right now!!

Sorry to personal OT, but if mic can log every meal here then fuck it, this is the only "social media" I have.

This fucking thing has been under my bench for like 2.5 years, defeated me twice before, and I just got it!!  never has a 400Hz sine wave sounded so sweet!

Fuck you TDA8954!  I hope I never see your like again.

HA!

[JayJuanGee]

Rastani calls for $30,000, but we may have to wait quite a while, cites history of AMZN.


https://www.youtube.com/watch?v=pr87uO35chE

What kind of bullshit is this? How does this guy have 127k youtube subscribers? I mean that video could have been made by a ten year old. Amazons chart has nothing to do with BTC. Just look at the 10 year track record of BTC and you can see where we are heading into and after the next halving.

Please 'splain your assertion windjc.

Are you saying that BTC is going higher and faster than Amzn or something else?

Personally, sometimes, I find that some predictions get BTC on the wrong part of the curve.... because a lot of the folks attempting to make analogies are tending to conclude that BTC is a lot more mature than it is.. and therefore, they place BTC on the higher end of the exponential growth curve rather than towards the bottom (or at least the lower 1/3 of the bottom or something like that).

[El duderino_]

via Imgflip Meme Generator

Cheers on you’re good old Saturday WO’s

Valentine finally coming through

And it seems Micg is gonna get hammered

Already have a gin tonic and a few wines

Get f***ed up brothers in BTC

[Olegya199]

Hello! Today is the year as I am registered on the forum. Now I will celebrate this event. I want to thank everyone for the fact that in the evening, reading the Wall Observer BTC / USD, I feel the support of like-minded people and get a good mood charge (in most cases).

Good place as you say for

1) very experienced people in lots of fields

2) Good ideas are shared

3) and they can be well critiqued too


One day we may all get rich together if we keep sharing and exchanging ideas and suggestions.

I think the calibre is often good. Some obv exceptions but that's also something to learn.

Totally agree with you! We will definitely get rich, because we know more than others.
A BTC is in our hearts.
I think we make the world better by spreading the BTC and discussing new technologies.

[HairyMaclairy]

Good afternoon JBear

How is the PR trip going?  Does the missus approve?

[Olegya199]

[Last of the V8s]

https://finance.yahoo.com/news/jeffrey-gundlach-extended-interview-yahoo-finance-transcript-185759614.html

JEFFREY GUNDLACH: Yeah. It's a bear market. I mean, a bear market has nothing to do with this 20% arbitrary thing. It has to do with something crazy happening first, and then the crazy thing gives it up. And yet more traditional things continue to march on, but one by one, they give it up.

So what was the crazy thing? Bitcoin. Bitcoin was the crazy thing. Bitcoin going from zero to $20,000 in a straight line-- it was crazy. And you knew it was crazy because other things started to happen that were truly insane. There was this thing called CryptoKitties. It wasn't a cryptocurrency. It was a collectible, but it had the name "Crypto" in it. And they were each unique, but there were cartoon drawings of cats. And there was actually a moment where one sold for over $100,000. Of course, they're worth $0 today.

But that is a sign. That's like Pets.com back in the late '90s. That's like pick-a-pay, negative amortization, 120 LTV loans in 2006. Bitcoin was insane, and it crashed starting in December of 2018. Then the global stock market peaked a month later. Then the transports peaked, the utilities peaked. Then the Dow Jones industrials peaked. Then the S&P peaked. Then finally, the NASDAQ peaked. And then it was down to five stocks. And then it was down to four stocks. Then it was down to two, Amazon and Apple. And then, on October 3, it was over.

[Last of the V8s]

https://vimeo.com/316635787
The current state of Bitcoin fungibility
Talk by Adam Fiscor

[El duderino_]

OMG guys!  I am so happy right now!!

Sorry to personal OT, but if mic can log every meal here then fuck it, this is the only "social media" I have.

This fucking thing has been under my bench for like 2.5 years, defeated me twice before, and I just got it!!  never has a 400Hz sine wave sounded so sweet!

Fuck you TDA8954!  I hope I never see your like again.

HA!

Never throw me in the mix
Only merited cause i’m lazarus

[HairyMaclairy]

So uh JoJo.  I would like to celebrate with you but I have no idea what you are talking about. 

[Globb0]

via Imgflip Meme Generator

Cheers on you’re good old Saturday WO’s

Valentine finally coming through

And it seems Micg is gonna get hammered

Already have a gin tonic and a few wines

Get f***ed up brothers in BTC

Oh wow you went to the hai ku restraint


The starter divine
is drizzled in wine
….

[Last of the V8s]

He mended his amplifier on the third attempt.
He expressed emotions of happiness and frustration.

[Globb0]

Now let the guitar wail!

*video needed*

[BitcoinGirl.Club]

Credit to a twitter feed. Link was lost LOL