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

[rdbase]

-snip-

Anyhow, I would have presumed that Charlie has a value of wealth that at least exceeds 1,000 bitcoins, presuming that he sold a decent amount of LTC in early 2017 and may have either transferred some of that value to BTC or merely invested that sold LTC value in other properties/assets.  I would also imagine that whatever LTC he sold in early 2017 would have been at least in the thousands of LTC and more likely approaching or beyond 10k LTC territory... so even though I am talking a bit from a speculative angle, I cannot imagine why there would be any real urgency to engage in public transactions of physical BTC or physical LTC - except that public peeps want to engage in public acts for the sake of publicity?

This would explain why he is signing some of those coins which were won in auction he is not for others.

[El duderino_]

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet

via Imgflip Meme Generator

https://twitter.com/tuurdemeester/status/1129017877581967361?s=21

[jonoiv]

Also the fibonachi resistance held 5 times then it broke but has dropped below again by 200 dollars.    At the  moment looks like it's just tempting people to go long before the bloodbath.  Finex is 60% long, that's a lot of leveraged longs and the oderbooks are thin on the ground.  Personally i don't think it wlll go much higher than 8040 on stamp for next few days maybe weeks.   Im not buying now until there is a firm bottom tested  

[JayJuanGee]

 It shows each bear market accumulation phase gaining significant length between peaks, as I've highlighted with the yellow squares, so an actual $20k-style pump and dump wouldn't even occur till like late 2021 or early 2022.

What the fuck, roach?

That's your "conservative" BTC price prediction?

If you seriously believe that BTC prices can go to $20k-ish in 2-ish years, which is at least a 3x price appreciation from here, then you better (the fuck) be investing in bitcoin. 

Yeah, I understand that you believe that Gold, silver and other PMs (such as copper, right?) have decent upside potential too, but 3x in 2-ish years?  I really doubt PMs got anything close to that kind of pumpening in them absent some kind of Armageddon-like event, which is no way close to any kind of reasonable or prudent bet.

[angel55]

What were the final poll results of the question I had gotten polled in this thread a little while back.  Will bitcoin reach 20k this year?  info has a record of the past polls right?

[JayJuanGee]

Call me an age scientist pessimist.

...

In short, boo hooo,       Bitcoins are not likely to buy either the power of youth or sufficient power to overcome likely degenerative aspects of aging..

Jay, for corn's sake!
It was just a greeting wish...  

Fair nuff.   


I just could not resist going on some quasi-relevant rant that relates to my own fears of inevitable death and demise.

[fabiorem]

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet

via Imgflip Meme Generator

https://twitter.com/tuurdemeester/status/1129017877581967361?s=21

This chart shows we are not going below 6k anymore.

The expansion phase looks like a mini-bull market, and the reaccumulation is sidelined.

[BitcoinGirl.Club]

Good afternoon WO fams.

Witnessing $8,027

When are we hitting $10k?

[BitcoinGirl.Club]

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet

via Imgflip Meme Generator

https://twitter.com/tuurdemeester/status/1129017877581967361?s=21

This chart shows we are not going below 6k anymore.

The expansion phase looks like a mini-bull market, and the reaccumulation is sidelined.

So everything is working as planned?

[VB1001]

Crypto 101: Micropayments

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.
The U.S. Dollar is fiat money—it’s just paper, but it has value because the U.S. Government says it does.

https://blog.keys.casa/crypto-101-micropayments/

[fabiorem]

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet

via Imgflip Meme Generator

https://twitter.com/tuurdemeester/status/1129017877581967361?s=21

This chart shows we are not going below 6k anymore.

The expansion phase looks like a mini-bull market, and the reaccumulation is sidelined.

So everything is working as planned?

Yes, but this halvening-centric model is very conservative.

We need to consider the institutional money, and the acceleration it would bring. Jbreher posted about a $133k target in march 2020, I cant find his post right now.

[Febo]

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet

via Imgflip Meme Generator

https://twitter.com/tuurdemeester/status/1129017877581967361?s=21

This chart shows we are not going below 6k anymore.

The expansion phase looks like a mini-bull market, and the reaccumulation is sidelined.

So everything is working as planned?

Yes, but this halvening-centric model is very conservative.

We need to consider the institutional money, and the acceleration it would bring. Jbreher posted about a $133k target in march 2020, I cant find his post right now.

Next cycle ATH will be much earlier then last simply because everyone expect it will happen and will want to be earlier then others. But March 2020, that is before actual halving, is way to early.  

[El duderino_]

Also the fibonachi resistance held 5 times then it broke but has dropped below again by 200 dollars.    At the  moment looks like it's just tempting people to go long before the bloodbath.  Finex is 60% long, that's a lot of leveraged longs and the oderbooks are thin on the ground.  Personally i don't think it wlll go much higher than 8040 on stamp for next few days maybe weeks.   Im not buying now until there is a firm bottom tested  

Thats the same thinking on the other side and tempting for people to sell/short and Maybe get rekt

Trading this market is taking big risks with a solid long term investment that only need HODL and buu when possible .....

Whatevaaa happens one would not like to end up with a 50% loss of stack

[jonoiv]

Also the fibonachi resistance held 5 times then it broke but has dropped below again by 200 dollars.    At the  moment looks like it's just tempting people to go long before the bloodbath.  Finex is 60% long, that's a lot of leveraged longs and the oderbooks are thin on the ground.  Personally i don't think it wlll go much higher than 8040 on stamp for next few days maybe weeks.   Im not buying now until there is a firm bottom tested  

Thats the same thinking on the other side and tempting for people to sell/short and Maybe get rekt

Trading this market is taking big risks with a solid long term investment that only need HODL and buu when possible .....

Whatevaaa happens one would not like to end up with a 50% loss of stack

I've had my fair share of losses, and overall if I held from 2012  i would be very happy right now, so respect to the hodlers! So far anyone pre 2017 will have have had times they were in a very decent profit,  I honestly hope the 2018 hodlers are in that possition in 2020 - 2022..  But im just not fully sold on crytpo yet even after 7 years of being involved so for me I try to trade to minimise my risk.    The higher the price goes the more sceptical I am... 100k BTC might happen 500k too, but i'll believe it when I see it.  But basically I can't handle the swings in price so hodling for me is difficult.

[StartupAnalyst]

I get unimaginable aesthetic pleasure from this picture.
No offense, bears, but I managed to average the purchase price of my BTC in time  and am already in the blessed peace of mind.

[Last of the V8s]

Yeah no quite right, mic. I'm only tarding around with ~1% 2% 0.5%  

[fabiorem]

Thats the same thinking on the other side and tempting for people to sell/short and Maybe get rekt

Trading this market is taking big risks with a solid long term investment that only need HODL and buu when possible .....

Whatevaaa happens one would not like to end up with a 50% loss of stack

Cost-average is the best solution for that. If you buy small quantities periodically, the loss on correction is covered by previous acquisitions.

[g-uid]

what if adoption is releasing a LOT of this selling pressure?

Did you not read what I said?  If price was to skyrocket (and actually stay there and not instantly implode) it also requires mining to skyrocket as well.  If people are currently mining for $2k, $3k, $4k and the price 'only' went to $50k, you'd basically need mining to go up by an entire order of magnitude and it would use more power than the entire US.  Do you think such a thing is actually going to happen?  You would need LOTS more halvings before bitcoin could go anywhere near numbers you people claim without instantly causing some type of global energy crisis.

I'm trying to understand precisely why you are making the assertion that if the price skyrockets then mining skyrockets too.

With reference to https://www.blockchain.com/en/charts/difficulty?timespan=all

We've had price explosions in the past but only 2017 resulted in the mining explosion that you are referring to. Can you explain your reasoning for why mining must skyrocket? Obviously, if price explodes then it makes more sense for miners to get involved (increased profit) but it also means increased competition, so an exponential price gain does not necessarily point to exponential profit for the miners ergo no exponential rise in the difficulty.

[BitcoinGirl.Club]

Yes, but this halvening-centric model is very conservative.

We need to consider the institutional money, and the acceleration it would bring. Jbreher posted about a $133k target in march 2020, I cant find his post right now.

I know there will be a bull run in the halving time but $133k (!?)
Man! I will become a millionaire LOL 😇

[BitcoinGirl.Club]

When are we hitting $10k?

Hopefully end of May/early June.

Me too expecting the same.
We need a steady growth 🙂