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Question: Nov. 18 closing price:
<$35,000 - 4 (9.1%)
$35,000-$35,500 - 1 (2.3%)
$35,500-$36,000 - 4 (9.1%)
$36,000-$36,500 - 4 (9.1%)
$36,500-$37,000 - 4 (9.1%)
$37,000-$37,500 - 3 (6.8%)
$37,500-$38,000 - 4 (9.1%)
$38,000-$38,500 - 5 (11.4%)
$38,500-$39,000 - 2 (4.5%)
$39,000-$39,500 - 1 (2.3%)
$39,500-$40,000 - 0 (0%)
>$40,000 - 12 (27.3%)
Total Voters: 44

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26311236 times)
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GreatArkansas
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September 12, 2019, 10:48:08 PM

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September 12, 2019, 10:48:41 PM

Buckle up.

$100k in May/2020 is confirmed.
https://www.tradingview.com/chart/BLX/sia9pOig-Bitcoin-Buckle-Up/

Quote
I am expecting Bitcoin to break all-time highs for the first time in advance of the Halving. The Stock to flow model which I discussed last week, which i have illustrated on the chart and i recommend that you review (see @100trillionUSD on twitter ) implies that Bitcoin will be worth around $100k from May 2020. It has been the best valuation model for Bitcoin to date.
$100k in May 2020 ? After the Halving it could be but not before  Grin

filbfilb doesn't agree.  Grin

filbfilb "Q4 2019 and Q1 2020 will blow your mind"

Nope..mind blown since 2013. I hope that he means in a good way, though.

Is it me or should the curve touch 3 peaks? The third peak they drew themselves so that one doesn’t count.

Anyway we will get there :-)
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September 12, 2019, 11:10:13 PM
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https://www.wsj.com/articles/ecb-launches-major-stimulus-package-cuts-key-rate-11568289016 ECB printing presses at warp 8.

https://twitter.com/realDonaldTrump/status/1172120964232093697

"European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!"

We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition. This jawboning of the FED is unprecedented and so far has worked very well to force them to bend to printer in chief's will. No doubt it will continue to work and the FED will cave over and over.

With all this money printing going on across the globe Im starting to really increase my projections of where the highs of this current Bull Cycle will take us. 100k is looking more like childs play and about 250k seems a more reasonable target to hit in the next 3 years. Big Macs will be about 10 bucks a pop by then, but who gives a damn, we will be rich af.

via Imgflip Meme Generator

Extreme money printing has the capability of tilting all log graph projections of Bitcoin to the upside. Printing a nation into prosperity is by far the great delusion of our lifetimes for global leaders and their will be a severe reckoning for said "leaders".

Terrance predicted before his death almost 20 years ago that the WO would form and produce subversive memes to change the world. This is our time. We have found the others.

https://www.youtube.com/watch?v=jVwfmarlwhM


TLDR: ITS HAPPENING Cheesy

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September 12, 2019, 11:11:44 PM



But I do speak it Cheesy

As I speak HODL

As I speak HODLnest

As I don’t quote the troll Cheesy
.....
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September 12, 2019, 11:33:33 PM
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https://www.wsj.com/articles/ecb-launches-major-stimulus-package-cuts-key-rate-11568289016 ECB printing presses at warp 8.

https://twitter.com/realDonaldTrump/status/1172120964232093697

"European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!"

We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition. This jawboning of the FED is unprecedented and so far has worked very well to force them to bend to printer in chief's will. No doubt it will continue to work and the FED will cave over and over.

With all this money printing going on across the globe Im starting to really increase my projections of where the highs of this current Bull Cycle will take us. 100k is looking more like childs play and about 250k seems a more reasonable target to hit in the next 3 years. Big Macs will be about 10 bucks a pop by then, but who gives a damn, we will be rich af.

via Imgflip Meme Generator

Extreme money printing has the capability of tilting all log graph projections of Bitcoin to the upside. Printing a nation into prosperity is by far the great delusion of our lifetimes for global leaders and their will be a severe reckoning for said "leaders".

Terrance predicted before his death almost 20 years ago that the WO would form and produce subversive memes to change the world. This is our time. We have found the others.

https://www.youtube.com/watch?v=jVwfmarlwhM


TLDR: ITS HAPPENING Cheesy



+5 merits for the McKenna reference alone
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September 13, 2019, 12:19:59 AM
Merited by Last of the V8s (1)

The price of bitcoin is not determined by miners. It's determined by traders. We are still undergoing price discovery, and will continue to do so as long as bitcoin can be mined (which is at least a hundred more years.) Somewhere between now and then transaction fees will eclipse the coinbase block reward ... but we can just wait and see as that's still at least 30 to 50 years into the near future.
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September 13, 2019, 12:27:08 AM
Last edit: September 13, 2019, 01:05:22 AM by Biodom

https://www.wsj.com/articles/ecb-launches-major-stimulus-package-cuts-key-rate-11568289016 ECB printing presses at warp 8.

https://twitter.com/realDonaldTrump/status/1172120964232093697

"European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports.... And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!"

We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition. This jawboning of the FED is unprecedented and so far has worked very well to force them to bend to printer in chief's will. No doubt it will continue to work and the FED will cave over and over.

With all this money printing going on across the globe Im starting to really increase my projections of where the highs of this current Bull Cycle will take us. 100k is looking more like childs play and about 250k seems a more reasonable target to hit in the next 3 years. Big Macs will be about 10 bucks a pop by then, but who gives a damn, we will be rich af.


TLDR: ITS HAPPENING Cheesy



I think that instead of the 50 year and 100 year bonds and negative rates, bond market will turn around and "bite" them.
Perhaps, that tweet would be considered as a historical mark...that said, numbers already turned around and we had 2.4% "official" inflation in August.
Easing in these conditions is simply crazy, but let's see what happens..they would do it at least once in all likelyhood.
Boomers had their inflation peak in 1980-1982 when the cohort was 16-38 years old.
The Millennial cohort is there already, so it (much higher inflation) WILL happen soonish (within 5 years), IMHO.
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September 13, 2019, 02:01:25 AM

Buckle up.

$100k in May/2020 is confirmed.
https://www.tradingview.com/chart/BLX/sia9pOig-Bitcoin-Buckle-Up/

Quote
I am expecting Bitcoin to break all-time highs for the first time in advance of the Halving. The Stock to flow model which I discussed last week, which i have illustrated on the chart and i recommend that you review (see @100trillionUSD on twitter ) implies that Bitcoin will be worth around $100k from May 2020. It has been the best valuation model for Bitcoin to date.
$100k in May 2020 ? After the Halving it could be but not before  Grin

filbfilb doesn't agree.  Grin

Bitcoin need a rise of $15k each month to reach $100K. it is a bubble in this case.
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September 13, 2019, 02:05:49 AM
Last edit: September 13, 2019, 02:53:46 AM by realr0ach

We literally have a sitting US president crying on social media about how the ECB is printing money faster than the FED and winning the printer of the year competition.

The US dollar is overvalued around 40% in relation to other fiats.  That's not even taking into account it's overvaluation as a reserve currency.  Every nation on earth right now is currency debasing to try and devalue debt, which has the same side effect as Chinese mercantilism debasement to facilitate exports.  If you wanted the economic system to not implode from a liquidity crunch, it's the US that should be printing like mad, NOT the retards in the EU.  Each time the EU prints it just makes the problem more lopsided and worse since it's the dollar that's too strong, not the Euro.  Same with China and every other nation.  Nobody should be printing more than the US in current dollar overvaluation paradigm.

*A Ben Bernanke helicopter drop via a one time check to anyone with a social security number would probably be the most effective method.
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September 13, 2019, 02:30:08 AM

The price of bitcoin is not determined by miners. It's determined by traders.

No, Bitcoin price is not determined solely by traders (aka manipulation).  If you attempted to rig the price of Bitcoin to $100k while mining cost of production is $6k, WHY the fuck would ANYONE buy your coin for $100k when they can mine one for $6k instead?  They WOULDN'T.  The higher you want to attempt to rig the price of Bitcoin, the more enormous mining expansion and sunk cost fallacy you need to go with it.  Mining cannot expand by an entire order of magnitude or larger to get to these idiotic numbers people claim like $100k or it would use more power than the United States.  They're all lying pump and dump scammers.

Yes, it's possible you could manipulate the price that high...after a few more decades of halvings...if Bitcoin still even exists then.  But not *one single halving*.
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September 13, 2019, 03:33:33 AM
Last edit: September 13, 2019, 04:59:45 AM by JayJuanGee

I usually buy & the price goes down but feeling quite happy with myself seeing this price move. Over the last 2 weeks I added 2 more full bitcoin’s (inheritance - God bless you Auntie June) & it looks like we COULD be ready to start moving upwards.

$11,000 by next week?

There seems to be something in the air in cryptospace atm, I dunno maybe it’s just me but it feels like we might start going places by the end of the year as we get what, 6 months away from the halving at the turn of the year?

I’m saying $14,000 by NY.

Something is wrong with your round number of $14,000.  It just does not resonate as being an important number.  It's not bold enough.


Even if I add bold, like this:  $14,000, it does not do anything for me.  Perhaps because $14.000 is too close to $13,880.  Its distance is only $120 (which is less than 1% (which is actually .857143%)), so hopefully you are not saying double top.    Cry Cry Cry Cry
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September 13, 2019, 03:51:33 AM

* BobLawblaw resumes hyperlurk mode, and waves Hello to everyone

Our savior, he has returned.  Sieg heil, black Hitler!

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September 13, 2019, 04:25:49 AM

^^
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September 13, 2019, 04:27:51 AM

[ edited out]

I wouldn't sell shit If I knew BTC was going to stabilize at $100k.



Yeah, but that is the problem, mindrust.

We don't really know.  We just have a bunch of hunches and fractals, etc etc.


Some guys (and gal) have stronger hunches than others, I mean maybe some folks have better inclinations about where the price might be going or likelihoods that it is going to go there, but we still should not be betting 100% even if we think that the odds are 80%.  Furthermore, even though some folks proclaim that they believe odds are 80%, but there is almost no fucking way that the odds to go up to $100k by sometime before the end of 2021 can be that strong.

So one thing is having a good hunch how far BTC price is going up and another thing is having decently strong theories regarding the bottom of the next run.

Don't even be using the word stable and bitcoin in the same sentence.

the most likely thing is that bitcoin is going to be unstable for the next 20 years or perhaps more... whether you are talking about getting stuck at $100k or even getting stuck between $10k and $20k.  Seems that neither state of stable is coming to bitcoin any time soon.


My biggest reason is, other than getting the physical stuff that I wanted for years, most people will be selling (for the same reasons which I just told) and It will drive the price down no matter what you do.

You should still be able to get some of the things that you like, but probably you still have to be careful about how you plan that consumption game and the extent to which you personally are ready to start engaging in consumption rather than continuing to allow a decent amount of your BTC stash to continue to work, whether it is working in the form of BTC or if you are planning to buy back with some of the fiat proceeds.

You gotta be ready and probably you have to have a decent amount of volatility cushion, since one of the most inevitable dynamics in bitcoin currently, and into the relevant and material near term future (I would consider the next 20 years to be relevant and material for BTC HODLers in their 30s or even 40s) is going to continue to be volatility.... nearly inevitable as several of us acknowledge on a repeated and regular basis.


If you sell at $50k and 50k/btc will make you incredibly rich (in other means you won't be crying if btc keeps going up), then there might also be a possibility in the future to get your bitcoins back for a cheaper price because,  many people will be selling from those prices and drive the prices down. Even though you don't really care but the opportunity will (or might) be there.

You should be setting your sell quantities at prices that you want, and fuck whatever the BTC price is going to do.  Your sell amount at each given price should give you pleasure no matter what BTC price does.  That's why I keep suggesting to snap out of the all or nothing (and gambling) mindset... which understandably remains difficult for you to do because you keep relapsing back into it.,, with your various "what ifs?"  Your sell increments and amounts should be set in such a way that the largely settle down the vast majority of you "what if" questions.

Have you gone through the exercise?  Have you created an excel spreadsheet that attempts to project your cash flow and to play around with it?  Once you do that and go through it for a while (maybe you have to spend a week on such project), then your questions should just become a matter of tweaking here or there and then attempting to see if you are largely going to be able to comply with your own projections when BIG daddy bitcoin goes on her exponentially upwards tear (not inevitable, merely projected as likely, which means that it might not happen).


Wanting to sell is not the same thing as wanting to get rid of btc, no no no.

Should not be the case with long term BTC HODLers, as long as you still want to continue to hold at least some, even through difficult times.


It is just playing your cards right, using the opportunity to become even richer.

I can see a bit of evil coming into your eye, about now.   hahahahahaha.. thinking about playing BIGGER than you should be thinking.


My cool price is exactly $100k right now. Any coins I'd sell from $100k, I won't be missing them. Any price under $100k would make me nervous (what if it keeps going up)

You are putting a lot of weight on just one number.    Remember that $5,000 was merely double of $2,500, and a few years ago (before fall of 2016), a decent number of people would have proclaimed you to be quite crazy to be thinking that BTC could get above $5k for any sustainable amount of time.   I just .. think that your mindset still continues to think, too much, in terms of absolutes, and the various prices are just percentages of other prices, including $100k being merely 5x larger than our previous blow off top ATH of $19,666... 
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September 13, 2019, 04:45:02 AM

2019 - Q4, 1BTC=1BTC whatever happens

2020 - Q3, after halving 1BTC=1BTC this 1BTC isn't longer isn't smaller isn't red or blue, its still the same BTC

2021 till 20xx - Q1,2,3,4 me, LFC and kurious having our yearly  meet-up somewhere in the sun on a beach with cocktail and stuff, no matter when in the year, just when we want to Cheesy


(Could be with way more members of-course, but LFC and kurious are just the only ones I met from this board and with who I have had good times already Cheesy)

Is there going to be one of those BIG kind of ships involved?  I mean like a private exclusive use kind of an arrangement rather than a sharing situation.

Good companion, good weather, good views, relaxing times, fine things to taste and all those things just when convenient is all I need brother.....
You can skip me on the who's d*ck is the biggest ..... Probably when it really about d*ck size I would win but besides that.... it not a contest of boats and stuff.....

Look who is getting all in a tizzy?

Boats can surely be amongst one of the finer things in life, as long as you don't end up stranded on a desert island like Gilligan.

They did not have a BIG one, either.

Anyhow, as you likely realize there has been a certain amount of back and forth regarding guys wanting to have a boat, and then what size and then realistically considering the kinds of expenses and even management difficulties that might be involved with certain sized boats.

So, whatever, if you guys are considering meeting, but not even contemplating boats or private islands, then you are likely NOT yet considering that you are getting close to "filthy" levels of rich.  It seems to me that some of us are considering "filthy" levels of rich, even though we might not have had those thoughts, even a few years ago.

You, Micpeep (or whichever member on your team who is typing this particular post), might merely be having a bad hair day.   Tongue Tongue Tongue Cheesy Cheesy
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September 13, 2019, 05:07:48 AM



But I do speak it Cheesy

As I speak HODL

As I speak HODLnest

As I don’t quote the troll Cheesy
.....

You speak HODL Always No troll.
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September 13, 2019, 05:14:40 AM

Who else called this pump? Tag them.
Bitcoin-Fund-Manager join us....
You’re welcome.

Source:https://twitter.com/bitcoinfundman9/status/1172305555987337216/photo/1
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September 13, 2019, 05:33:23 AM
Last edit: September 13, 2019, 05:56:46 AM by VB1001
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https://twitter.com/Rhythmtrader/status/1172116917546618880

It is not necessary to buy $ 10 every day, buy a fixed amount every month, as much as possible, the important thing is to have some BTC even if it is a small amount.

BTCuy and Hodl.
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September 13, 2019, 05:46:51 AM

Return after buying Bitcoin Enron and holding for 15 years:  +1800%
Return after buying Bitcoin Enron and holding for 16 years: -10,000%




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September 13, 2019, 06:08:33 AM

I usually buy & the price goes down but feeling quite happy with myself seeing this price move. Over the last 2 weeks I added 2 more full bitcoin’s (inheritance - God bless you Auntie June) & it looks like we COULD be ready to start moving upwards.

$11,000 by next week?

There seems to be something in the air in cryptospace atm, I dunno maybe it’s just me but it feels like we might start going places by the end of the year as we get what, 6 months away from the halving at the turn of the year?

I’m saying $14,000 by NY.

Something is wrong with your round number of $14,000.  It just does not resonate as being an important number.  It's not bold enough.


Even if I add bold, like this:  $14,000, it does not do anything for me.  Perhaps because $14.000 is too close to $13,880.  Its distance is only $120 (which is less than 1% (which is actually .857143%)), so hopefully you are not saying double top.    Cry Cry Cry Cry

Also interesting:
2017-12-31 23:00:00 UTC,13915.956555
2018-01-01 00:00:00 UTC,13704.114864
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