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May 22, 2019, 07:54:52 PM *
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Question: What year will we achieve a new ATH?
2019 - 34 (29.1%)
2020 - 45 (38.5%)
2021 - 29 (24.8%)
2022 - 5 (4.3%)
2023 - 1 (0.9%)
Never - 3 (2.6%)
Total Voters: 117

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21173643 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. (23 posts by 12 users deleted.)
Febo
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May 14, 2019, 01:02:00 AM

I am getting scared to to see the price increase of bitcoin. Undecided

Will there be any corrections with these huge bumps?

How can you be scared now when price is $9k and for months it was $9k or more, but you were not scared 1.5 years ago when price was $15k+?
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jojo69
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no FOMO


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May 14, 2019, 01:06:24 AM

I'm bored, can we have a war or something?
Bitcoinaire
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May 14, 2019, 01:10:20 AM
Last edit: May 14, 2019, 01:52:44 AM by Bitcoinaire


I remember his BTC call of $80 back in 2014, waaay off but his LTC call in early 2017 was absolutely spot-on. His musings are generally interesting. Anyway, his current call is so fantastical that I'd believe when I see it.

His most likely scenario is:

Quote
So the $78k could be the second peak and after the halving and there would be no dip after $150k and instead the moonshot would be all the way from ~$30k to $500+K at the end of 2020.
HeSoCo
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May 14, 2019, 01:26:53 AM

This is crazy cool. Anyone could test it?

Bitcoin Comes to Whole Foods, Major Retailers in Coup for Digital Currency


http://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/
soxxx
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May 14, 2019, 01:38:23 AM

If this ends up playing out, and Mcafee is correct, it would be absolutely incredible.
Torque
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May 14, 2019, 01:40:52 AM
Merited by 600watt (1), infofront (1)

Bitcoin, exciting and new
Come aboard, we're expecting you

Bitcoin, life's sweetest reward
Let it flow, it floats back to you

The BitBoat soon will be making another run
The BitBoat promises something for everyone

Set a course for adventure
Your mind on an All Time High...and Lambo


Ipwich
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May 14, 2019, 01:42:48 AM

I am getting scared to to see the price increase of bitcoin. Undecided

Will there be any corrections with these huge bumps?

How can you be scared now when price is $9k and for months it was $9k or more, but you were not scared 1.5 years ago when price was $15k+?

He is scared of dump without thinking that bitcoin was dumped pretty hard a year ago.

We are in the pump year, and it will be pumping for the whole year, that's confirmed from me. 

 Grin Grin Grin
infofront
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May 14, 2019, 01:58:20 AM
Merited by Torque (1)

Pump your mother if you want pump


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

Thanks!
Lambie Slayer
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May 14, 2019, 02:02:00 AM





The Mythical Golden Bull Era might be upon us. If so expect 100k this summer.  Cheesy I dont really believe this will happen, but I ya never know.

HairyMaclairy
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May 14, 2019, 02:18:37 AM

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.


Oy vey - where to start?

Obviously, if UK GDP were to be valued in Bitcoin, then Bitcoin would rise in price in order to be able to accommodate UK money supply in the allotted number of Bitcoin units.

As an aside - you might satisfy yourself with Bitcoin denominated credits. I think most here already understand the folly of such acceptance.

The reason the US departed the gold standard was an unacceptable risk of a short squeeze on the Federal Reserve.

I cannot see how any Central Bank would be foolish enough to put itself in that position again. 

So Bitcoin denominated notes, convertible or not, seem out of the question. 
yefi
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May 14, 2019, 02:28:16 AM

When 12344? (or was it 12688 or smth?)

lol, the 12,288 game? Thought I had decent chances with that one, not so sure now.
jbreher
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lose: unfind ... loose: untight


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May 14, 2019, 03:26:36 AM

This is crazy cool. Anyone could test it?

Bitcoin Comes to Whole Foods, Major Retailers in Coup for Digital Currency


http://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/

I'm game. Anyone have an invite code?
jojo69
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May 14, 2019, 03:32:52 AM

lol

anybody use WhatsApp?
Paashaas
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May 14, 2019, 03:41:18 AM

With this record volume no doubt wel'll see new ATH's this year.

jbreher
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lose: unfind ... loose: untight


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May 14, 2019, 03:50:15 AM

With this record volume no doubt wel'll see new ATH's this year.

https://www.blockchain.com/en/charts/trade-volume?timespan=all

 Huh
StartupAnalyst
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The 🧢 WO gang power, help the price of BTC


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May 14, 2019, 03:50:19 AM

lol

anybody use WhatsApp?

Yeah, I use it to stay in touch with people who only use WhatsApp. Why do you ask?
jojo69
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May 14, 2019, 03:53:28 AM


Yeah, I use it to stay in touch with people who only use WhatsApp. Why do you ask?


https://www.bbc.com/news/technology-48262681

https://www.zerohedge.com/news/2019-05-13/secretive-israeli-company-uses-whatsapp-voice-calls-install-spyware-phones
StartupAnalyst
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The 🧢 WO gang power, help the price of BTC


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May 14, 2019, 04:01:33 AM

At times like this, I realize that the people I go to WhatsApp for aren't that much of a friend to me.  Roll Eyes
soxxx
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May 14, 2019, 04:19:11 AM
Merited by 600watt (1), Arriemoller (1)

Not going to lie, Ive been controlling my emotions and haven't gotten to excited, but im starting to feel the euphoric feeling again. Not because of the pump to $8,000, but because of the realization we are just getting started on the next bull run, which based on how soon it has started, MAY have the potential to exceed the last one percentage-wise....
600watt
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May 14, 2019, 04:23:06 AM

Bitcoin, exciting and new
Come aboard, we're expecting you

Bitcoin, life's sweetest reward
Let it flow, it floats back to you

The BitBoat soon will be making another run
The BitBoat promises something for everyone

Set a course for adventure
Your mind on an All Time High...and Lambo




nice one! but... just one girl on the love boat? or did the others go below?

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