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Question: What happens first:
New ATH - 41 (71.9%)
<$60,000 - 16 (28.1%)
Total Voters: 57

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26353751 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. (174 posts by 3 users with 9 merit deleted.)
El duderino_
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May 13, 2019, 09:41:28 PM



This approved together with a Bull-price-movement

would be awesome Roll Eyes
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LFC_Bitcoin
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May 13, 2019, 09:42:51 PM

We’re up nearly 60% in the last 30 days
UnDerDoG81
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May 13, 2019, 09:43:52 PM
Merited by LFC_Bitcoin (1), 600watt (1)

Guys, 8-9 years ago $1 jumps a day were huge. 5-6 years ago $10-50 jumps a day were huge. 2 years ago $100 jumps a day were huge. And now same is happening with $500-1000 jumps a day. Indicator for where we are heading to?
Last of the V8s
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May 13, 2019, 09:51:13 PM


still trying to decide what to call this...something is surely happening however.  #dyor
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BTCMILLIONAIRE
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May 13, 2019, 09:57:18 PM

Guys, 8-9 years ago $1 jumps a day were huge. 5-6 years ago $10-50 jumps a day were huge. 2 years ago $100 jumps a day were huge. And now same is happening with $500-1000 jumps a day. Indicator for where we are heading to?
Anything below 7 digits is undervalued relative to the price a decade or two from now.

A snowball effect where the global Economy adapts Bitcoin as its lifeblood could reasonably see 8 digits within a millenial's lifetime.

The $3m estimate we saw on this thread the other day only considered 10% of M2, so 8 digits are well within current parameters if fiat currencies implode OR the M2 growth rate persists.


If you throw in a century of economic growth then 9 digits could be plausible as well as follows:

Suppose Bitcoin absorbs 10% of M2 and the M2 growth rate of roughly 4% persists for a century.

That would imply 1.04^100 = 50.5x growth over 100 years.

That would bring the 10% estimate from 3m per Bitcoin to 151.5m per Bitcoin 100 years from now.


You'd have to factor out the printing presses, which could significantly drop this number.

But mid to high 8 digits seem anything but ridiculous before the year 2119.
STT
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May 13, 2019, 10:03:03 PM

I think the waves will continue until maybe November of December... then is will break UP.



Or well, will see...

So Phil I need an update, clarify for me wtf is happening because this latest move is quite a surprise to me.    We broke down from your chart before this 8100 now but I'd appreciate an update on a simple theme like this because I think the biggest moves come from the simple takes that catch the majority of the market trend.   Is 8000 a good call for this price move to rest now

Sadly my charts are out of whack as the site went down, I'll transfer or redraw them I guess but still I'm off any regular perspective

Quote
We’re up nearly 60% in the last 30 days
Quiet storm, what happened?  I still dont know Shocked
makrospex
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May 13, 2019, 10:03:03 PM

Next pump...
Keep going, Hongkong  Grin
Ipwich
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May 13, 2019, 10:04:47 PM

And we finally bounce back again, this run is so fast, it could go to as high as $8 Grin Grin Grin.
I'm gonna sleep later but I'm sure with so much excitement now, it will give me a hard time to sleep.

Good morning everyone, I was never wrong with my price prediction this morning.

Welcome $8K, happy to finally have you here, please don't stay awhile, we want $9K next.
fabiorem
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May 13, 2019, 10:05:09 PM

Where are the Vegetas? We are already at 8k.
g-uid
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May 13, 2019, 10:05:18 PM

Curious to hear from r0ach.
El duderino_
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May 13, 2019, 10:10:14 PM

Curious to hear from r0ach.

Called him loudly

Only Echooooooooooooooo's
Last of the V8s
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May 13, 2019, 10:11:28 PM

Not chucking-out time at the homeless shelter yet.
barota
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May 13, 2019, 10:12:40 PM

The Ghost. People do not want to buy and hold bitcoin
you can pump it and buy all 21000000 btc
Human fuckers .
ghosts do it now quickly !! the time Very fast . fuck this very small world
i can't wait this this fuckin dump and strong sell any more
come on


Why don’t you buy all the bitcoin’s yourself if it’s that easy to pump the price. Are you a fucking moron?

The Ghost. People do not want to sell and hold usd
you can dump it and sell all 21000000 btc
Human fuckers .
ghosts do it now quickly !! the time Very fast . fuck this very small world
i can't wait this this fuckin pump and strong buy any more
come on
El duderino_
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May 13, 2019, 10:13:24 PM

And we finally bounce back again, this run is so fast, it could go to as high as $8 Grin Grin Grin.
I'm gonna sleep later but I'm sure with so much excitement now, it will give me a hard time to sleep.

Good morning everyone, I was never wrong with my price prediction this morning.

Welcome $8K, happy to finally have you here, please don't stay awhile, we want $9K next.


Damn who Will be the first one with an on time Vegeta??
fillippone
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May 13, 2019, 10:15:16 PM



via Imgflip Meme Generator
infofront (OP)
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May 13, 2019, 10:22:54 PM
Merited by El duderino_ (1)

Curious to hear from r0ach.

I'm interested to know how his analog Bitcoin is performing compared to real Bitcoin.
El duderino_
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May 13, 2019, 10:29:47 PM

One Question

when 5-digits
El duderino_
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May 13, 2019, 10:31:26 PM

Curious to hear from r0ach.

I'm interested to know how his analog Bitcoin is performing compared to real Bitcoin.

Spend my last Sm cause of you 1666 horror merit count...

And cause of your continiously holding up with us MOONboys and taking good care of this amazing place

Cheers infofront
Ipwich
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May 13, 2019, 10:32:38 PM

One Question

when 5-digits

Would be very happy if we will see that 5 digit before the 1st half of the year ends.
Imagine if bitcoin will hit $10,000 by June, there will be bigger FOMO In the 2nd half of the year and we will see a new ATH this year.
toknormal
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May 13, 2019, 10:40:12 PM

If you throw in a century of economic growth then 9 digits could be plausible as well as follows:

Suppose Bitcoin absorbs 10% of M2 and the M2 growth rate of roughly 4% persists for a century.

That would imply 1.04^100 = 50.5x growth over 100 years.

That would bring the 10% estimate from 3m per Bitcoin to 151.5m per Bitcoin 100 years from now.


These kind of valuations are highly flawed. If bitcoin ever absorbed even a fraction of "M2" growth it would be largely as a pure unit of account, not a store of value. In other words you'd (by definition of M2) be talking about BTC denominated bank deposit accounts and money market funds and all kinds of other fractional reserve derivatives.

Use of bitcoin as a unit of account is something hodlers tend to ignore. If bitcoin ever became a currency we would not be exchanging actual bitcoins, but bitcoin denominated credit just as we use arbitrary units of credit today. So you can't just divide random incumbent money supply figures by 21 million to get a price for a future BTC. Since it's limited in supply it's an asset and will always be an asset.

If you denominate, say, UK GDP in bitcoin then it's around 0.3 Trillion BTC. The GDP can be 0.3 Trillion BTC even though there are not that many bitcoins in existence.
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