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

[El duderino_]

https://twitter.com/wintercooled/status/1131624009219678208

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[soxxx]

Relax and start planning to make your dreams come true. Financial freedom at the horizon is imo already a certain outcome.

Somehow, i have this nagging feeling that it might not happen.
Essentially, it would mean minting of millions of new millionares.
Too much deviation.
I actually tried to calculate what would be the price of btc be for total numbers of millionaires going up by less than 10% (from the current 33-36 mil millionaires).
I got about 0.86btc-1.28btc for $1 mil or 780K-1.16mil/btc (for total of about 2.75-3.5 mil accounts).
This is possible, but too much of a dream. How often dreams come to a realization?

I had the same vibe at 20K...feeling that it is somehow wrong. Maybe too early?

It only feels like that because we are deep in the game. There are SO MANY people who don't understand Bitcoin....not even just older people, but younger people, people who spend hours upon hours on the internet, on reddit, youtube, gaming forums, etc DONT EVEN UNDERSTAND Bitcoin. If the people who live on the internet don't understand it/arent in it, then you know the rest of the world definitely does not have a clue. A million dollar bitcoin is far from impossible....

In a way it sometimes feels to easy, because I think we all know what the outcome of this whole thing is going to be, but in another way it doesn't, especially after a bear market, the bottom line is, the people who are in it now only are taking risks if they don't understand, for the people that understand, we just know. Just like how we all knew the market would bottom out and turnaround eventually even though 99% of the world thought it would die and still think its dead, when in reality we are up over 150%.

[gentlemand]

Somehow, i have this nagging feeling that it might not happen.

If it makes existing millionaires more millions then it will happen. They're not going to think 'hold it, what if I make some peons some money too?'

In 2010/11 there were plenty of people who had hundreds or thousands of coins who no longer have them. The same will go for people who have 1-100 now. They'll slowly filter upwards and outwards as in every other case in recorded history.

[makrospex]

Oh, before I forget. I just realized it's time again, and scheduled a Propofol-induced ass-blasting and scoping.

Remember to take care of your assholes, brothers. Colon cancer is not something to fuck around with.

... now if only they could somehow make the colon prep liquid more palatable, that would be terrific. That stuff is absolutely the worst liquid I have ever put in my mouth, willingly.

So you can't put it into your colon the other way round?
Sorry, no offense, but i was thinking about people avoiding hangovers and vomiting by injecting alcohol into their asses instead of taking the long route through the stomach and small bowel.

Edit: Don't just fall in love with that example and try. You can severly poison yourself by taking up alcohol directly through the colon.

[Toxic2040]

----

Oh, before I forget. I just realized it's time again, and scheduled a Propofol-induced ass-blasting and scoping.

Remember to take care of your assholes, brothers. Colon cancer is not something to fuck around with.

... now if only they could somehow make the colon prep liquid more palatable, that would be terrific. That stuff is absolutely the worst liquid I have ever put in my mouth, willingly.

[GreatArkansas]

Fast forward 2021: trillion

I think that’s a real possibility

Only if USD has crashed insanely, 1btc being a trillion would be chaotic. Anyone who has done a faucet would be wealthy.

$1 Trillion market cap is like $70k per coin or something, too lazy to get the exact number.

Correct.
JSRAW was saying we’ll have a 1 trillion USD marketcap in 2021. I think it will happen.
$70,000 ish per coin would definitely fit into the usual post halving parabolic bull run that we’ve witnessed thus far in bitcoin’s lifetime.

Im apparently dumb as hell and thought they were saying 1 btc price at 1 trillion each. I thought it was a meme.

Keep your balls calm, we will get there.... at the right time and right place 

[bitserve]

Oh, before I forget. I just realized it's time again, and scheduled a Propofol-induced ass-blasting and scoping.

Remember to take care of your assholes, brothers. Colon cancer is not something to fuck around with.

... now if only they could somehow make the colon prep liquid more palatable, that would be terrific. That stuff is absolutely the worst liquid I have ever put in my mouth, willingly.

I have my first one soon (was scheduled to have already had, but had to postpone it) so bad is the taste?

Btw, any idea how many hours do I have to leave without ingesting alcohol before the test?

[Toxic2040]

The price is about $3k higher than it should be at this part of the cycle.   We are already higher than what the December 2019 peak should be. It’s all gravy.

Am I the only one kind of wishing their lives away until a point in the future, probably late 2021 or something?

No, I've got kind of a low key depression going on. I should be enjoying every moment of life, but I feel like I'm just going through the motions every day and just trying to "survive" until I can retire within 2-3 years, hopefully.

It makes me wish I was in a coma for three years. ATM, I'd probably be happier if I never heard of bitcoin. Weird situation    And I feel bad for feeling bad about this.

We need a fucking therapist in this thread.

Edit: Bob's suggestion of stasis would be better than a coma

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.


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and bawb..on further thought..

[infofront]

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.

[LFC_Bitcoin]

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.

I’ve had bouts of depression for years. Nobody would be able to tell by looking at me, I have friends, a good looking gf, I have money, I travel, I’m covered in tattoos. I don’t look like somebody who would be depressed but I guess how do you know what somebody who is depressed looks like?

I’ve had periods of heavy Class A drug use & times where I’ve had extreme paranoia.

Going outside, being outdoors helps a lot. Keep a good group of people around you. A small group of trustworthy people is better than a large group of assholes.

If you need to talk ever, PM me.

[STT]

The price is about $3k higher than it should be at this part of the cycle.   We are already higher than what the December 2019 peak should be. It’s all gravy.

The recovery from lows has been far faster this time, the only reasoning I think of why that happen is at the same time the similar kind of reversal to reasoning by the Federal reserve (last hard statement was December) in proposing a continual scheme of rising interest rates no matter what; but now seemingly being on a path to completely stop and probably lower rates if any weakness in the economy occurs.
Until the fiscal deficit and probably the trade deficit is closed and probably requiring a surplus, I see USD as weakening over years but the market doesn't immediately reflect that and its related to retention of dollar debt vs alternatives.  When the ECB has such a weak policy itself and is also involved in QE, the EURO is unlikely to be much an alternative and the Euro bond market is taken up with ECB buying so far as I know.   Japan again the market is saturated with new money via QE so again the currency is unlikely to be as strong as it should be vs the dollar.    If there is currency weakness worldwide now and predicted ongoing, theres little to oppose BTC or any asset price especially if demand for that commodity is growing.

That big switch in sentiment on global reserve money might explain some of the reversal, I dont know if BTC price after that initial reaction then loses momentum and goes sideways after bouncing so high.   I spotted this idea of a parabolic rise but a giant rise without pulling back I think is not as positive longterm for stability, I would not guess this happens so soon.


Right this moment I see the price as bouncing between two moving average in an increasingly tight range, it seems to be it will breakout but so far price moving downwards has not settled far for long before returning to a similar price under 8000

[windjc]

The price is about $3k higher than it should be at this part of the cycle.   We are already higher than what the December 2019 peak should be. It’s all gravy.

The recovery from lows has been far faster this time, the only reasoning I think of why that happen is at the same time the similar kind of reversal to reasoning by the Federal reserve (last hard statement was December) in proposing a continual scheme of rising interest rates no matter what; but now seemingly being on a path to completely stop and probably lower rates if any weakness in the economy occurs.
Until the fiscal deficit and probably the trade deficit is closed and probably requiring a surplus, I see USD as weakening over years but the market doesn't immediately reflect that and its related to retention of dollar debt vs alternatives.  When the ECB has such a weak policy itself and is also involved in QE, the EURO is unlikely to be much an alternative and the Euro bond market is taken up with ECB buying so far as I know.   Japan again the market is saturated with new money via QE so again the currency is unlikely to be as strong as it should be vs the dollar.    If there is currency weakness worldwide now and predicted ongoing, theres little to oppose BTC or any asset price especially if demand for that commodity is growing.

That big switch in sentiment on global reserve money might explain some of the reversal, I dont know if BTC price after that initial reaction then loses momentum and goes sideways after bouncing so high.   I spotted this idea of a parabolic rise but a giant rise without pulling back I think is not as positive longterm for stability, I would not guess this happens so soon.


Right this moment I see the price as bouncing between two moving average in an increasingly tight range, it seems to be it will breakout but so far price moving downwards has not settled far for long before returning to a similar price under 8000

Guys this last bear market had ZERO bounces of significance. Bulls were dead for a year. So this bounce is not more than expected. In fact, ratio wise it is LESS than the bounce to $500 at the beginning of the last bull cycle. Plus we are now a year from halving.

For all we know this could be mid 2013 again. Too many people looking in the wrong places.

[MrFreeRoMan]

On a semi serious note..just talking about things can be helpful for some. Hope you feel better soon.

I already do feel like a bit of a load is off, and seeing Bob and LFC open up first helped. I just need a more positive outlook I think.

I’ve had bouts of depression for years. Nobody would be able to tell by looking at me, I have friends, a good looking gf, I have money, I travel, I’m covered in tattoos. I don’t look like somebody who would be depressed but I guess how do you know what somebody who is depressed looks like?

I’ve had periods of heavy Class A drug use & times where I’ve had extreme paranoia.

Going outside, being outdoors helps a lot. Keep a good group of people around you. A small group of trustworthy people is better than a large group of assholes.

If you need to talk ever, PM me.

I had a depression! When I wanted to buy a gun and take out my brains, or hang myself! What helped me in the fight against this handjob? Reading ... Just reading ... Now I remember these moments with a smirk) It was fun ... True ..

[fabiorem]

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.

[soxxx]

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.

Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

[gentlemand]

Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

One asshole professor type with zero corroboration from anyone other than his gran more like.

[MrFreeRoMan]

One problem with these analysis based on previous cycles is that they dont consider social and political impact, like the trade war between US and China, and sanctions against Russia and Iran, for example.

Thats probably the reason why this cycle started earlier, and will go much higher than what the bears who talk about "diminishing returns" are predicting.

"The market takes into account all
This is the first thing to learn. According to Dow, the price of the asset has already laid all the necessary information about the past, present and even the future."

Say GrandFarther Dow.

[Gyrsur]

[MrFreeRoMan]

Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

One asshole professor type with zero corroboration from anyone other than his gran more like.

There was a case, a person opened an account in Sberbank (TOP bank of Russia), transferred money there and signed, EARNINGS from mining!
Sberbank blocked his account, and demanded all the addresses of Bitcoin, which he used!

[STT]

Reading ... Just reading ...

Theres alot to be said for the simple idea of reading a book, I dont think anything electronic is as good tbh

Russia flat out stated they would be buying billions in bitcoin in the spring due to the sanctions and its likely they did.

I'd rather go on what Russia did previously more then anything they say they will do or reports on that.    Russia and China have both have a very strong policy towards replacing foreign reserves with gold, they sell currency in favour of owning more gold.  They import, they produce and there is no export, they are net buyers.   They did that this year, last year, the year before and all the way back for over a decade.    World wide central banks have been net buyers of gold, its a really simple theme but its physical ownership rather then token ownership via various FIAT standards or trade agreements that might have existed previously.   
I dont know exactly what they plan to do with it exactly and Russia is already massively biased to commodity prices for its GDP but I'd say there is no doubt sanctions or not they intend to use gold over any other type of fungible currency.   Ten years is a very long period for an active policy vs any recent news of various other initiatives