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

[encycrypto]

Dollar: in god we trust.

Bitcoin: in math we trust.

Bitcoin SV: in cheater we trust

[El duderino_]

Dollar: in god we trust.

Bitcoin: in math we trust.

Lightning nodes : in Holland we trust

[El duderino_]

Fantastic game.

Real Madrid vs Ajax....1 - 4 

via Imgflip Meme Generator

[bitcoinPsycho]

Got my stamp today

The queen's face is gunna get it

[El duderino_]

Got my stamp today

The queen's face is gunna get it

Eat my last one....

In to scaringly early HODLsleep myself

But stamps as these Will make me dream sweet

[bitcoinPsycho]

Cheers mic. Enjoy your holls mate

[600watt]

There isn't enough bitcoin for all of today's millionaires to own an entire bitcoin each.

We won't call them millionaires anymore though, they will be known as "wholecoiners".

This may be the last chance for the average person to acquire a full bitcoin and that title.

https://twitter.com/alecziupsnys/status/1102908165719506947?s=21

I boldlystupidly claim to be the first one who came up with this observation. Must have been in 2015 or 2016 and i think it was in this forum.  


It is funny since I remember that back then this observation did not receive much attention, but in the last two years it appears in twitter, reddit and even crypto media outlets quite regularly.


found it:

dear milionaires,


the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo

can anyone find this observation stated by some other person before Nov 2016?


edit:

July 3, 2014.
https://bitcointalk.org/index.php?topic=676030.msg7664884#msg7664884

There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.

wow, beaten by 30 months. Good job, Biodom

[El duderino_]

There isn't enough bitcoin for all of today's millionaires to own an entire bitcoin each.

We won't call them millionaires anymore though, they will be known as "wholecoiners".

This may be the last chance for the average person to acquire a full bitcoin and that title.

https://twitter.com/alecziupsnys/status/1102908165719506947?s=21

I boldly claim to be the first one who came up with this observation. Must have been in 2015 or 2016 and i think it was in this forum. 


It is funny since I remember that back then this observation did not receive much attention, but in the last two years it appears in twitter, reddit and even crypto media outlets quite regularly.


found it:

dear milionaires,


the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo

can anyone find this observation stated by some other person before Nov 2016?

Nice man deserves instant Merit .....
sorry that i’m out otherwise i would be glad of sending but Nice post you Made there

Payed my debt (just catched a sending one )

[El duderino_]

Visa and Mastercard plan to increase fees again.

This comes less than a year after a $6.2B settlement they paid to merchants and a month after the $650M fine for increasing fees.

In a joint statement they said, "Worth it."

Lightning Network will force them to bend the knee. ⚡️

https://twitter.com/alecziupsnys/status/1102926672012210176?s=21

[LFC_Bitcoin]

Got my stamp today

The queen's face is gunna get it

Where did you get it mate, I want one

[bitcoinPsycho]

Got my stamp today

The queen's face is gunna get it

Where did you get it mate, I want one

I got it from zazzle.co.uk.  Cost me just £20.22

[serveria.com]

Got my stamp today

The queen's face is gunna get it

Wow cool this one in yellow is awesome! True Bitcoin colors!

[vapourminer]

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?

for the guys thinking one million, 30k-100k is capitulation.

[Totscha]

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?

for the guys thinking one million, 30k-100k is capitulation.

These guys are living in 2021

[vapourminer]

from a discord

[bitcoinPsycho]

from a discord

Glass half empty

[_javier_]

from a discord

It all depends on the perspective.

I see a rising moonshoot

[JayJuanGee]

[edited out]

Perhaps our Roach and his future lover Gembitz were slain as the bear market morphed into a new Baby Bull Market.  

I am not going to go so far as to say that there is no such thing as a "baby bull market" but surely we are not in such a market yet.

The evidence seems pretty strong that we are currently in a bear market... however, subsequently, if the current bottom of $3,122 is not breached, and better yet $3,700 is NOT breached then there could be some later BTC price behavior that causes us to subsequently describe this period as the beginning of a bull market (aka baby bull)... but we are very far from such a defined state, and it remains about a 52% to 48% proposition that the bottom is NOT in.

Yes , concisely put.. it is as simple as that.  If you use logic and pattern recognition,  the log-scale 9 year chart shows a progression which is clear. As I have always said, a 2019/2020 low at approx $2000-$3000 is about right. Whether that low is in now, or whether there is a further drop will only be resolved with the passage of time . +/- a year or two or a thousand or two does not change the long term pattern.

Even though I believe any claim that we have resumed UP is premature (such as saying that we are in a "baby bull" market), and i also concede that we are in a bear market - meaning that the chances for down are slightly greater than the chances for up, I also do NOT believe that there is any condition precedent that a new bottom "has to" occur before BTC prices could resume up.

You, on the other hand, majormax, have just clarified that your conviction is higher than mine about a new low being necessary in this particular BTC price correction cycle.  I concede that you may end up being correct, and we will see in the next year (if so, hopefully it does not take that long).... 

It seems that a lot of BTC hodlers are considering that it should not take a whole year to show some signs that we are actually out of this particular bear market, and maybe that is a bit of wishful thinking?  My problem is NOT the proclamations that there is a good chance that the bottom is already in, but assertions that we are in a "baby bull" market, when the issue is quite a bit away from resolution, at least how I see the matter.

[JayJuanGee]

So I have been thinking, I have some play money on a phone I don't use, some 400 USD worth of bitcoin.
I'm thinking about converting them to litecoins and hope for a halving spike.
I gotta do something, this sideways is just too boring, I need at least some of the kicks you get when the price goes up.

Not condoning it but if he thinks it’ll pump so he can increase his bitcoin stash then why not.

JJG, you do know that I have you on ignore don't you?
I only see your posts if someone else quotes them.

Yeah I was thinking about it as an experiment just to see if I at the end of the experiment will have more or less bitcoin than before.

Sometimes I think JJG is a bot or some kind of AI.     

I hope he is a human, and I hope he comes to the 100k party so I can punch him in the face.

Don't be so emotional.. you fucking goofball.  You are almost getting to the stage of Bob.      Get a grip.

[JayJuanGee]

There isn't enough bitcoin for all of today's millionaires to own an entire bitcoin each.

We won't call them millionaires anymore though, they will be known as "wholecoiners".

This may be the last chance for the average person to acquire a full bitcoin and that title.

https://twitter.com/alecziupsnys/status/1102908165719506947?s=21

Nice! And "multicoiners" if double digits.  

I think that three or more meets the definition of multi-,but hey what do I know.  Double digits is some way higher levels, that's for sure.  The 21 club is becoming more and more prestigious, too.