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

[VB1001]

$BTC > $6000. Mission accomplished. Next level is $6400, the most traded price of 2018.

https://twitter.com/krugermacro/status/1126342166903762944

[1714916188]

1714916188

[lightfoot]

My guess is we will be stuck at 6502 for awhile again. And remember, prices dropped in half faster than they have gone back up, so this is not too insane.

[VB1001]

Galaxy Digital CEO Michael Novogratz: Bitcoin Should Cross $20,000 Within 18 Months

Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Novogratz made his remarks during an interview with mainstream media CNN published on May 9.

During the interview, Novogratz also said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. Moreover, he expressed the belief that this time, other cryptocurrencies “aren’t going to go up nearly as quickly.” He explained:

“The other coins, Ethereum being the next biggest, Ripple...they have to prove use case, right?”

https://cointelegraph.com/news/galaxy-digital-ceo-michael-novogratz-bitcoin-should-cross-20-000-within-18-months

[Last of the V8s]

Bitfinex IEO token LEO shares its name with Crypto Capital shell company
Bitfinex aims to raise $1 billion to cover funds lost to Crypto Capital by selling its newly minted token dubbed LEO. Maybe it should have picked a different name?

such meh very fud pff

[MrFreeRoMan]

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

@vapourminer

So here you are...
You sit inside the train

[vapourminer]

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

Under next the pink sheenshane cat

lerr.. duh. its like the biggest avatar there, perfect match with his ego. you fit him in nice

as soon as eyeball replacements are available im getting some. a replacement OEM brain wouldnt hurt either.

[JayJuanGee]

So I like green dildo's as much as the next guy ..   ( wow, the ways THAT could be taken out of context...)

But I'm starting to get just slightly concerned we may be moving to fast..  anyone besides me getting that feeling?

50% increase in less than 2 months....

We're not in the parabolic mode quite yet.. but it does seem to me we are heading there quite fast..   I'd really like to see at least month or two bouncing around in the low 6xxx range before our next serious step up...

to fast, to soon means we hit a blow off top that is to low to hit my retirement target..  that would... annoy me....

I know that if you look at the last 5 weeks or so, starting from our April 1, break through $4,200, it appears that there has been a bit much in regards to price appreciation.. but bitcoin does these kinds of things.  It is not out of the ordinary.

First of all, there is almost no fucking way that bitcoin is getting to any kind of new ATH within the 10 months (if that is what you mean by "retirement target"), so in that regard, we should expect a decent number of 30% plus corrections between here and $20k... but even going from here to $20k is more than a 3x price appreciation, so in order to return to $20k (which is NOT an unreasonable expectation) we should be anticipating both periods of seeming froth that goes along with correction, and also the fact that sometimes the seeming froth is not really froth, but just getting back to previous price points (let's say in the $6k range), and maybe we could see a 50% or more price appreciation from here before any meaningful correction in the 30% plus arena takes place.

In other words, it is almost pie in the sky for any experienced bitcoiner to really be expecting any kind of smooth sailing (or that infamously unrealistic word, "stability") between here and $20k and beyond, including likely ongoing emotional turmoil.

[Biodom]

What CZ@Binance wants,  or when miners want to fork, doesn't matter. They are free to do as they wish.
UASF & 2X was the watershed, when the power was ultimately confirmed to be in the hands of the holders.

"hodlers" have absolutely no power in POW as long as they don't run a node.
UASF does not mean that some dude with btc has the power.
If you think that he has, then you are describing a POS system and even in that system you need to actively 'stake' your stash.
Holding a trezor with btc on the POW system like bitcoin does not make you a "user" in the meaning of UASF.

So I like green dildo's as much as the next guy ..   ( wow, the ways THAT could be taken out of context...)

But I'm starting to get just slightly concerned we may be moving to fast..  anyone besides me getting that feeling?

50% increase in less than 2 months....

We're not in the parabolic mode quite yet.. but it does seem to me we are heading there quite fast..   I'd really like to see at least month or two bouncing around in the low 6xxx range before our next serious step up...

to fast, to soon means we hit a blow off top that is to low to hit my retirement target..  that would... annoy me....

I know that if you look at the last 5 weeks or so, starting from our April 1, break through $4,200, it appears that there has been a bit much in regards to price appreciation.. but bitcoin does these kinds of things.  It is not out of the ordinary.

First of all, there is almost no fucking way that bitcoin is getting to any kind of new ATH within the 10 months (if that is what you mean by "retirement target"), so in that regard, we should expect a decent number of 30% plus corrections between here and $20k... but even going from here to $20k is more than a 3x price appreciation, so in order to return to $20k (which is NOT an unreasonable expectation) we should be anticipating both periods of seeming froth that goes along with correction, and also the fact that sometimes the seeming froth is not really froth, but just getting back to previous price points (let's say in the $6k range), and maybe we could see a 50% or more price appreciation from here before any meaningful correction in the 30% plus arena takes place.

In other words, it is almost pie in the sky for any experienced bitcoiner to really be expecting any kind of smooth sailing (or that infamously unrealistic word, "stability") between here and $20k and beyond, including likely ongoing emotional turmoil.

I am not "expecting" it, but it is possible if we are on a "hockey stick" of btc adoption.
Roughly: we almost doubled in less than 6 mo. If we are already on an exponent, then 12K could come in 3 mo, then 24K in another 1.5 mo, projecting 24K in 4.5 mo or by October 2019.
If we are on a linear rapid growth starting with the surge from 4K, then we might reach about 10K by November, then probably pause.
I give the first scenario 10-20% probability and the second one 40-50% probability.
The third scenario (where we pause at 6K)-maybe 30-50% probability.

[Paashaas]

[vapourminer]

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

@vapourminer

So here you are...
You sit inside the train

thanks i see him now.

id love to blame my lack of seeing it to age and vision deficiencies.. but drugz is likely the main culprit

[gembitz]

 

6k >_> timber weeeee

[El duderino_]

It's time again, gonna change my HAT in this one when I play poker.

Today its the first session of another run in our friendly online poker session
terms are 1-2 times game a week for a long time t'ill end I think end summer .....

Game Texas online turbo tournament start stacks 10k- chips equals a BTC-amount, blinds go up every 3minutes

Let's go and hope for the best.

Every session day I will wear the exclusively tailor made XhomerX HAT for the best of luck

[jojo69]

It's time again, gonna change my HAT in this one when I play poker.

Today its the first session of another run in our friendly online poker session
terms are 1-2 times game a week for a long time t'ill end I think end summer .....

Game Texas online turbo tournament start stacks 10k- chips equals a BTC-amount, blinds go up every 3minutes

Let's go and hope for the best.

Every session day I will wear the exclusively tailor made XhomerX HAT for the best of luck

before you change your hat, has anyone heard anything on Elwar??

[cAPSLOCK]

^^

where do you live?

Henichesk?  On the beach maybe?

[MrFreeRoMan]

Henichesk?  On the beach maybe?

Almost to the point) Maybe I crookedly put geo) Anonymity first of all!

[Last of the V8s]

Oh how wonderful to hear from you, Elwar!
Wish you the very best.

[Biodom]

^^

where do you live?

Henichesk?  On the beach maybe?

more like Kyrylivka if the dot position is correct (in any case, it is Ukraine on or close to the Sea of Azov beach).

[El duderino_]

It's time again, gonna change my HAT in this one when I play poker.

Today its the first session of another run in our friendly online poker session
terms are 1-2 times game a week for a long time t'ill end I think end summer .....

Game Texas online turbo tournament start stacks 10k- chips equals a BTC-amount, blinds go up every 3minutes

Let's go and hope for the best.

Every session day I will wear the exclusively tailor made XhomerX HAT for the best of luck

before you change your hat, has anyone heard anything on Elwar??

I'm still alive.

Bitcoin played a major role in that.

The HAT changes tomorrow again

And to be alive is most important

But being ok, whiteout any trouble, good place to stay no problems and so on is also very important and to not lose the stuff you still have in thailand

[kenzawak]

I'm still alive.

Bitcoin played a major role in that.

Very good news. I hope you'll be able to achieve your dream.
Stay safe.

[d_eddie]

Banana kingdom
couldn't capture seasteaders
Nadia and Elwar