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

[Biodom]

Defining the upper bound:

In 2012-13 S/F (https://twitter.com/100trillionusd?lang=en) predicted $100-120, we jumped 10X of that, then declined to slightly below the trend.
In 2016-17 S/F predicted about 4K, we jumped to 20K, which is 5X (or half of the prior cycle "excess"), then again declined to slightly below the trend.
This time, S/F predicts either 55k (the original graph) or 100K (amended graph), therefore if the trend of diminishing excess would continue by cutting it in half at each halving, then the upper bound peak is about 250K (or about 137.5K if original numbers are taken into consideration).
The follow up drop is expected to 40-50K from 250K OR to 27.5K from 137.5K.

I doubt that PTB would allow us a smooth distribution at 150-250K. Probably a blow off top again.
I am mentally preparing myself to sell a chunk within 50% of the top and be happy about it.

[El duderino_]

$9600 in one hour tbc

For the Love of God.
When will we see ten thousand ?
It has been too long.

BitcoinPsycho said
Nine thousand six hundred bucks
In one hour Bitcoin

[makrospex]

For the Love of God.
When will we see ten thousand ?
It has been too long.

BitcoinPsycho said
Nine thousand six hundred bucks
In one hour Bitcoin

some hours later
observers still waiting for
nine dot six thousand

[El duderino_]

This Insane $279 Million Colorado Ranch has its own Car Museum, Resort and Airplane Hangar !

https://twitter.com/propgoluxury/status/1156311643229315072?s=20

Btw BoB, you where looking for a ranch?? sometimes modest but nice to retire in style....

[HairyMaclairy]

What kind of person quotes a ranch in square feet

[HairyMaclairy]

China's most popular application, Xuexi Qiangguo (designed to teach Xi Jinping thinking), is used by more than 100 million people. It now recommends blockchain courses, including Bitcoin and ethereum.

I want an app teaching Boris thinking

[sirazimuth]

This Insane $279 Million Colorado Ranch has its own Car Museum, Resort and Airplane Hangar !

https://twitter.com/propgoluxury/status/1156311643229315072?s=20

Btw BoB, you where looking for a ranch?? sometimes modest but nice to retire in style....

meh...
the currency converter on the listing page does't include our beloved bitcoin...

...not interested.

...

I want an app teaching Boris thinking

the older you get the less things matter...
case in point...
Boris and Donald...It's why I don't bother with politics, though I never fail to get a chuckle
at some of the posters on theses boards who always seem to have their panties in twirl....(cough ,cough tecshare ,ahem, cough)

[LFC_Bitcoin]

[fillippone]

Market is quiet
Sunday, Bitcoin goes nowhere
WO gang is holding

*Haiku

[serveria.com]

China's most popular application, Xuexi Qiangguo (designed to teach Xi Jinping thinking), is used by more than 100 million people. It now recommends blockchain courses, including Bitcoin and ethereum.


Source

Interesting, BTC seems to not react to this big "China turns pro-bitcoin" news. There is also lack of any major FUD. Most of the bear trolls are also missing from this thread. My gut tells me BTC is undervalued. I feel we should be approaching ATH at the moment.... 

[serveria.com]

This Insane $279 Million Colorado Ranch has its own Car Museum, Resort and Airplane Hangar !

https://twitter.com/propgoluxury/status/1156311643229315072?s=20

Btw BoB, you where looking for a ranch?? sometimes modest but nice to retire in style....

Looks like a nice venue for the $100k party...  

[LUCKMCFLY]

The case of the Institutions accumulating in long.

Institutional longs at CME - one month high

Could we see a breakout soon > 1.5k BTC?

Via twitter: @skewdotcom

institutions using the CME “have a good track record for the right directional trade,” having shorted BTC ahead of the Bakkt launch and the subsequent crash.

and:

This change in institutional attitude, of course, comes after Bitcoin’s historic rally from $7,300 to $10,500 last month, which rekindled sentiment that crypto is in the midst of a raging bull market.

Source: https://links.bitbullcapital.com/institutions-accrue-bitcoin-long-positions-as-price-looks-to-break-past-9300

[xhomerx10]

What kind of person quotes a ranch in square feet

 Somebody who is asking over $32,000 per acre in a place where land normally goes for much much much less.

https://hallhall.com/colorado/

[Dabs]

In order to make this work, you have to make a deal.

Deal seems pretty clear as last time, you just have to state what you are going to deliver and when. I simply hold the coins until you make it happen. Or try to.

Since you understand escrow pretty well, then it's up to you to renege on the deal. I didn't make it. State the numbers and the target date. I sign a contract. Wait for it to be funded; which also carries a time limit. If they don't fund it, I guess no one wants to take you up on your offer.

To everyone else, that's the whole point of escrow, to prevent scams and scammers from directly taking your coins and disappearing. All conditions must be met. Sorry if it looks like I'm feeding a troll, I like this one a little better than the others.

Until then, I remain neutral.

[DaRude]

Sep 17, 2019 Faketoshi

The parties have been engaged in extensive settlement negotiations and have reached a non-binding agreement in principle to settle this matter.

The parties are continuing to negotiate, finalize all relevant terms, and document the agreement appropriately.

https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.284.0.pdf


Oct 8, 2019 Faketoshi

On September 17, 2019, the parties informed the Court that they had reached a non-binding agreement in principle to settle this matter

Since that date, the parties have worked diligently on reaching an agreement on all terms. In that effort, the parties’ counsel have met three times in person to go over the details of the final agreement and have made significant progress on reaching the form of what will become the final binding agreement. Due to the complexity of the settlement and associated documents, however, a bit more time is needed to finalize and memorialize the agreement.

Reaching a final binding settlement agreement is in the best interests of both parties, and an additional 30-day extension of all case deadlines (including the trial setting) will enable both parties to devote their full efforts to that goal.

https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.287.0.pdf


Nov 1, 2019 Kleiman

Plaintiffs, at the time, believed to have been good faith settlement discussions. These discussions began at Craig’s request and due to the fact that Craig represented he had the means to finance a settlement.

On September 11, the parties reached a non-binding settlement in principle and then turned to drafting binding settlement papers. To facilitate these discussions, there were at least four in person meetings and numerous telephonic conferences. Plaintiffs hired both U.S. tax counsel and foreign counsel and incurred the cost of their participation in the settlement process. In reliance on these efforts and what seemed to be steady progress toward global resolution, Plaintiffs stopped active litigation, focused on settlement, and joined both of Craig’s motions to extend the case deadlines by 30 days

On October 30, without any advance notice, Plaintiffs were informed Craig could no longer finance the settlement and was “breaking” the non-binding settlement agreement.

He [Faketoshi] asked the parties to pause the litigation process and concentrate on amicably resolving this dispute, only to pull his consent with no advance notice, without good cause,

https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.290.0.pdf

So much integrity, grace, and such strong moral compass. Why aren't more businesses sending him millions and investing in his shitcoin  Where you at BSv shills? jbreher? Your false god could use a positive spin on this turd! Start shining, *tik*tok*tik*tok* his time is running out!!!

[Last of the V8s]

Same Marie with another hat
-wonderful colours Homer

[DaRude]

In order to make this work, you have to make a deal.

Deal seems pretty clear as last time, you just have to state what you are going to deliver and when. I simply hold the coins until you make it happen. Or try to.

Since you understand escrow pretty well, then it's up to you to renege on the deal. I didn't make it. State the numbers and the target date. I sign a contract. Wait for it to be funded; which also carries a time limit. If they don't fund it, I guess no one wants to take you up on your offer.

To everyone else, that's the whole point of escrow, to prevent scams and scammers from directly taking your coins and disappearing. All conditions must be met. Sorry if it looks like I'm feeding a troll, I like this one a little better than the others.

Until then, I remain neutral.

I also have a bridge to sell, can i use you as an escrow? Obviously i'll need a small 35% distribution up front cause you know, it takes money to make money but 1000x return is guaranteed!

[Dabs]

I also have a bridge to sell, can i use you as an escrow? Obviously i'll need a small 35% distribution up front cause you know, it takes money to make money but 1000x return is guaranteed!

Bridge first.

[jojo69]

A man walks down the street in that hat, people know he's not afraid of anything.

[JayJuanGee]

<snip>
Hardly boring.

Not bringing up anything that is 5 days old. Since the jump from $7.3k to $10.5k, it's boring from last few days 😉

I think that there is a need to attempt to find excitement in both consolidation and periods of less BTC price movement.

Yeah, maybe you become a volatility junkie, or maybe just hoping for upside, but you are setting yourself up for disappointment.

Many folks likely remember 2015, about 9-10 months of BTC prices that were largely in the mid $200s with a few outbreaks, but largely gravitating back to the mid $200s. 

I know that I frequently post about the inevitability of volatility in bitcoin, and that is because I know that it is pie in the sky thinking for guys to be hoping that bitcoin is stable for several years.... it is not going to happen, at least not until after we reach supra $1million per BTC.

So yeah, bitcoin in volatile as fuck, but at the same time, consolidation remains a necessary factor, especially for several days, weeks or months.

We surely have both going on, and probably it is just as bad to be so impatient with BTC as to be wishing for volatility as it is to be wishing for stability... and in the end, king honey daddy is going to do what he wants.. and does not give too many shits about your preferences.

So likely it is much easier to just go with the flow rather than trying to push king honey daddy when he is not ready for pushing.

I am hoping that we can get to this stage: