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

[MrFreeRoMan]

This extended pause and consolidation seems to be very bullish for BTC. I expect the BTC price to come back down significantly one more time to less than $7150 before the end of the month, and possibly $6900 within the next 3 days which should bring the long/short ratio down to an acceptable 1.15 (or below) so bull move can blast off to $10,000+:





It’s possible to come down to the lower trendline support on my chart above at ~$6100, but that seems MUCH less likely. Anything lower than that before moving higher seems very, very unlikely, but anything is possible.

Readers in the thread may also want to check out my latest blog:

https://steemit.com/bitcoin/@anonymint/secrets-of-bitcoin-s-dystopian-valuation-model

+1 WOsMerit


Would you look at that beautiful train wreck of a chart??  I am not worthy.  I believe my work is done here.

gannswing

[mindrust]

Forget the Moon.

My ticket to the Mars has just arrived from NASA.


https://mars.nasa.gov/participate/send-your-name/mars2020

Who's coming?

[fillippone]

Forget the Moon.

My ticket to the Mars has just arrived from NASA.


https://mars.nasa.gov/participate/send-your-name/mars2020/certificate/460890079945

Who's coming?

Are you traveling with NASA?
I travel first class with SPACE-X Shpaceship!

[bitcoinPsycho]

I'm going virgin galactic

[Phil_S]

NASA has way more resources.

$20billion to spend every year, and no need to make a profit.

[fillippone]

I'm going virgin galactic

Ouch!

[Gyrsur]

he will lead us beyond the Mars!

[hodl_2015]

Forget the Moon.
My ticket to the Mars has just arrived from NASA.
Who's coming?

On a ULS(Boeing) Atlas-V rocket? I think I'll pass and take a SpaceX BFR.
BTW: starlink.com just went live.

NASA has way more resources.
$20billion to spend every year, and no need to make a profit.

Starlink revenue is estimated at $30 billion / year. SpaceX will need to be more efficient than NASA, but a reasonable Mars colony should be possible from that.

[bitcoinPsycho]

I'm going virgin galactic

Ouch!

Branson accepts bitcoin .early adopter you know

[JSRAW]

(Big image > https://i.imgur.com/gurcVmQ.jpg )

Good job !!! xhomerx10

Welcome $8,000 and update Hats.

xhomerx10's portfolio getting bigger and beautiful.

2-3 hats are standing out in this list and dominating others. @asche @rjclarke2000, @icygreen, @JJG

@fillippone checked your "Ranking up is possible" thread. Pretty impressive bro. I was under impression that you were very old user of this forum

[Phil_S]

Starlink revenue is estimated at $30 billion / year.

I don't believe it.

[Last of the V8s]

someone alphabetise those poor hats before i get epileptic seizures
kthxbye

[hodl_2015]

Starlink revenue is estimated at $30 billion / year.

I don't believe it.

Apparently, it is 3% of global telecommunications revenue, which does not sounds unreasonable to me.

[Biodom]

Ah, it's a number that I got in a calculation (for a projected scenario), not a coin that I may or may not have.

TL;DR: too high a price of bitcoin (in the multiple millions) will result in a drastic increase in global millionaire numbers (if hodlers do not sell en masse), which is unlikely, therefore the price in the multiple millions is unlikely.
My calculated upper bound price of btc that does not affect the total number of millionaires too much is about $1mil/btc.

I don't see multi-million BTC as implausible in 2030-2050 and certainly not beyond.

Perhaps, but I was only talking (effectively) about the next 5-10 years, which is a time period where i have the most interest.

[fillippone]

@fillippone checked your "Ranking up is possible" thread. Pretty impressive bro. I was under impression that you were very old user of this forum

Are you referring to my thread Ranking up is Possible! My top 10 Hints! (self promotion here)

Yes, i am putting some effort on the forum since a few months. I firstly discovered it's quite effective way to learn new things about BTC, then i discovered it is also fun (WO played huge role here), in a different way than @permabulls chat on Telegram.  
And yes, I am quite new to the forum, but not for Bitcoin, I discovered a few years earlier (without investing accordingly, sadly).

[Phil_S]

Starlink revenue is estimated at $30 billion / year.

I don't believe it.

Apparently, it is 3% of global telecommunications revenue, which does not sounds unreasonable to me.

Existing telecommunication corporations are not going to just give them the share of the market, even 1% or it, just because the launched a few satellites. They all have their own satellites, and plenty of them.

And revenue is not profit, btw.

[LFC_Bitcoin]

$8,173

Early weekend POMP

[gentlemand]

Existing telecommunication corporations are not going to just give them the share of the market, even 1% or it, just because the launched a few satellites. They all have their own satellites, and plenty of them.

And revenue is not profit, btw.

It's creating a market that didn't exist before.

[Biodom]

FB/WApp money by the end of the year:  

https://www.forbes.com/sites/billybambrough/2019/05/24/facebook-and-whatsapp-break-cover-with-bitcoin-rival-plans/#5223f09b286e

Wow, hidden in the news is a fact that facebook has an access to a "time machine" /s

The bitcoin-inspired cryptocurrency, reportedly dubbed GlobalCoin, is set to be rolled out for testing by the end of 2018

[bitcoinPsycho]

I love Friday

Confirmed

You just gotta love fridays