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Question: When will we see a new ATH?
2023 - 39 (25.5%)
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2027 - 2 (1.3%)
After 2027 - 3 (2%)
Never - 5 (3.3%)
Total Voters: 153

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26005680 times)
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realr0ach
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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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September 13, 2019, 06:21:16 AM
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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.
If buy every day $10 in BTC and hold one day possible 1BTC and higher profited.
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September 13, 2019, 06:48:25 AM

^
This would be correct, but there are many people in the world who cannot spend 10 dollars a day to buy Bitcoin, in this case it is better to buy what you can, but buy something.
You can do without or reduce your daily expenses such as coffee, drinks, tobacco, this added up for 30 days adds up to a few dollars.

People throw money in the trash buying lottery tickets, why not invest that money in BTC?
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September 13, 2019, 06:55:09 AM
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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.

Roach its about time for you to make your prodigal son's journey home to Bitcoin the almighty father of coins.

https://www.bible.com/videos/70-the-prodigal-son-from-lumoproject-dot-com

Luke 15:11-32
11  ¶And he said, A certain man had two sons:

12  And the younger of them, Roach, said to his father, Father, give me the portion of Bitcoin that falleth to me. And he divided unto them his living.

13  And not many days after the younger son gathered all together, and took his journey into a far country, and there wasted his substance with riotous living and silver investments.

14  And when he had spent all his Bitcoin, there arose a mighty recession in that land; and he began to be in want.

15  And he went and joined himself to a citizen of that country; and he sent him into his fields to feed swine.

16  And he would fain have filled his belly with the husks that the swine did eat: and no man gave unto him.

17  And when he came to himself, he said, How many hired servants of my father’s have Bitcoin enough and to spare, and I perish with hunger!

18  I will arise and go to my father, and will say unto him, Father, I have sinned against King Bitcoin, and before thee,

19  And am no more worthy to be called thy son: make me as one of thy hired servants.

20  And he arose, and came to his father. But when he was yet a great way off, his father saw Roach, and had compassion, and ran, and fell on his neck, and kissed him.

21  And Roach said unto him, Father, I have sinned against King Bitcoin, and in thy sight, and am no more worthy to be called thy son.

22  But the father said to his servants, Bring forth the best robe, and put it on Roach; and put a Trezor with 50 Bitcoins on his hand, and shoes on his feet:

23  And bring hither the fatted calf, and kill it; and let us eat, and be merry:

24  For this my son's investments were dead, and is alive again; he was lost, and is found. And they began to be merry.

25  Now his elder son JJG was in the field: and as he came and drew nigh to the house, he heard music and dancing.

26  And he called one of the servants, and asked what these things meant.

27  And he said unto him, Thy brother is come; and thy father hath killed the fatted calf, because he hath received him safe and sound.

28  And JJG was angry, and would not go in: therefore came his father out, and entreated him.

29  And he answering said to his father, Lo, these many years do I Hodl King Bitcoin, neither transgressed I at any time thy commandment: and yet thou never gavest me a Trezor with 50 coins, that I might make merry with my friends:

30  But as soon as this thy son was come, which hath devoured thy living with harlots, thou hast killed for him the fatted calf.

31  And he said unto JJG, Son, thou art ever with me, and all the Bitcoin that I Hodl is thine.

32  It was meet that we should make merry, and be glad: for this thy brother's silver investment was dead, and he hodls again; and was lost, and is found.

This parable is fictional prose and any resemblances to actual WO members is merely a coincidence and not meant to imply familial relationships exist between said WO members. Just seemed more fun with known names.  Smiley

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September 13, 2019, 07:33:50 AM

Just seemed more fun with known names.  Smiley


Let's wait for JJG to come online and decide Grin
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September 13, 2019, 07:42:15 AM

Just seemed more fun with known names.  Smiley


Let's wait for JJG to come online and decide Grin

If he gets angry w me he would be in a way acting out the fictional role in the parable. Roach just dm'd me that he is seriously thinking of diversifying into Bitcoin.  Roll Eyes
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September 13, 2019, 08:00:52 AM
Merited by fillippone (1)

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars

Quote
Double open positions limit, says CME
According to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC).
If successful, each investor would gain a monthly limit of 2,000 contracts per spot month instead of the current 1,000.
The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular basis.

https://cointelegraph.com/news/cme-asks-cftc-to-double-bitcoin-futures-capacity-as-interest-soars
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September 13, 2019, 08:01:28 AM

Found this interesting read:

Protect your bitcoin through privacy:

Quote
I’m writing this non-technical explainer, because many people don’t know:

That regular bitcoin transactions do not have enough privacy.
What measures you can take today as a non-technical user to have more privacy when using Bitcoin.
If you’re already convinced about the need for privacy and want a few actions, check the steps below:

A few practical steps to improve your privacy in Bitcoin:

Don’t tell people how much bitcoin you own.
Don’t publicly post your bitcoin addresses.
Don’t re-use bitcoin addresses, most services will automatically take care of this for you.
Run your own full node and don’t request information about your transactions from anywhere else.
Keep your bitcoin addresses private through a tool like Wasabi wallet.



Mandatory reading.
Added to my thread: 5 Resources to teach Average Joe about Bitcoin.
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September 13, 2019, 08:39:46 AM

...
Bitcoin-Fund-Manager join us....
...
Don't quote this fucker. He is a scammer.
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September 13, 2019, 08:45:46 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

I just prefer many things before boats Cheesy

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