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Question: Feb. 15 Closing Price:
$0 - 3 (2.6%)
<$8,500 - 6 (5.2%)
$8,500-$9,000 - 3 (2.6%)
$9,001-$9,500 - 2 (1.7%)
$9,501-$10,000 - 11 (9.6%)
$10,001-$10,500 - 29 (25.2%)
$10,501-$11,000 - 21 (18.3%)
$11,001-$11,500 - 14 (12.2%)
$11,501-$12,000 - 7 (6.1%)
>$12,000 - 10 (8.7%)
>$30,000 - 9 (7.8%)
Total Voters: 115

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21526548 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. (142 posts by 32 users deleted.)
bitserve
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January 14, 2020, 01:22:30 AM

I already said I am not expecting (hoping, yes) any more 5x-10x in a single year anymore.

I believe that I understand what you are saying, bitserve, but you better tone down the bullishness a bit.   Shocked

What I am suggesting is that two years in a row of 10x would still be a 100x, and even the most bullish of bitcoin prognosticators are not projecting anything like that... gosh that could put us in the $300k to $600k price range in two years (depending on foundational BTC price bouncing off point).


In fact I would prefer if we reach the stage in which Bitcoin stops crazily overshooting and overdumping afterwards for a more "sane and healthy" price growth instead.

Yes.. I recognize your rhetorical point.... In other words, you don't really expect a disappearance of bitcoin price overshooting.  I know that you are just making such world view assertions in order to fantasize a little.    Wink

I didn't say anything about 10x two years in a row... and that's not how it works. Do a 10x one year and next one will just implode, as always.

I am referring that I don't expect 5x-10x in a single year.... Which is exactly what I wrote Tongue

2x? 3x? Maybe even 4x? Yeah, why not, in a very lucky year... much more than that and there you have another bubble pop and subsequent dump.

But... maybe that's exactly what will happen. Once more. But even if it does, there must be a point in which it doesn't do it anymore. And sooner or later it will come.


I already said I am not expecting (hoping, yes) any more 5x-10x in a single year anymore. In fact I would prefer if we reach the stage in which Bitcoin stops crazily overshooting and overdumping afterwards for a more "sane and healthy" price growth instead.

That'll only happen once BTC's speculative nature has generally been priced in. In other words, in the "late adopter" phase. After mainstream adoption, after dinosaur institutions are balls deep into crypto, etc.

Price and adoption are directly linked, so as long as most people/institutions haven't adopted it yet, it will continue being extremely speculative.

Exponential adoption necessitates exponential gains. The next bubble will melt your face off. Wink

Even if I don't really expect it, I will really welcome it if it does Wink
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January 14, 2020, 01:24:10 AM

Finally broke out of my downward channel lines just now..

End to the bear for a while now?

I would wait till $8.7K (or at least, clearly over $8.5K) to say so. So far so good.
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January 14, 2020, 01:37:44 AM

AYH

Yaaaaaay!
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January 14, 2020, 01:39:51 AM

I have a strange feeling in my pants right now, looking at the corn charts.
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January 14, 2020, 01:43:03 AM

seems to be hesitating a bit right at the highest possible interpretation of the channel top...
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January 14, 2020, 01:43:56 AM

seems to be hesitating a bit right at the highest possible interpretation of the channel top...

That channel has been broken. 9k incoming.
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January 14, 2020, 01:44:42 AM

  Gone fishing for squid with a bamboo stick and a homemade lure. Surfing turquoise waves later while Corns a pumpin'  Its a good day Wink
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January 14, 2020, 01:48:15 AM

seems to be hesitating a bit right at the highest possible interpretation of the channel top...

That channel has been broken. 9k incoming.

I mean, I hope so, but it depends how you draw it, 13880-10313 on a log chart we are juuuust touching it
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January 14, 2020, 01:49:06 AM
Merited by LFC_Bitcoin (1)




https://twitter.com/BXRekt
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January 14, 2020, 02:21:04 AM
Merited by BobLawblaw (1)

yeah

it is not yet our time
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January 14, 2020, 02:51:45 AM

off topic

i write some thoughts about The Next-Generation Decentralized Social Media
Introduction
The Next-Generation Decentralized Social Media is a decentralized, trustless, uncensored network.

Every user sets a node in local PC, mobile phone, or renting a cloud server for fast connection. There are several Directory Servers in the network which store all users’ public information: IP/domain, name, site etc . A user can follow another user by pull the latter’s IP/Domain from the Directory Server to node.

Every user has a private key and public key pair, the latter is users account number. When a user sends a tweet to the network(actually to followers), must signs it first. One of followers may re-tweet, comment or like the tweet. The user can delete the tweet too, after that a deletion tweet will send to the followers, and quotation of the tweet will be deleted from followers’ node.




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January 14, 2020, 03:32:19 AM
Merited by bitserve (1)

seems to be hesitating a bit right at the highest possible interpretation of the channel top...
The RSI on the daily is at 65, I think we have enough juice left in the tank to break this. Also the break of the pennant has a target of $8700. I think its going to happen.
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January 14, 2020, 03:39:45 AM

Well just got home from work and checked the price. Pleasant surprise! Slow and steady hopefully, nothing too enthusiastic just yet
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January 14, 2020, 03:53:06 AM

Article that talks about "HOW BITCOIN RESOLVES THE MONETARY MADNESS OF THE GLOBAL CENTRAL BANK".

Quote
Global Central Bank Put in one Chart: Central Banks around the world have pumped tons of liquidity into the markets to kill volatility. The People’s Bank of China has expanded its balance sheet the most in the past 15yrs.



Source: https://medium.com/@suncain522/how-bitcoin-solves-global-central-bank-monetary-madness-45a423affdd2
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January 14, 2020, 03:57:46 AM
Merited by El duderino_ (1)

The pump is real! Grin

Just seen it go from $8365 to $8460 live. It was really a beautiful thing to see. Shocked

Is it time for an all nighter to see if it will reach $9k?
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January 14, 2020, 04:00:19 AM

This is the bears final stand, anything above $$8500 is game over for them.
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January 14, 2020, 04:03:01 AM

There goes 8500....

8575...
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January 14, 2020, 04:05:38 AM

This is fine.

But still we need to surpass $8.7K.
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January 14, 2020, 04:11:25 AM

This is fine.

But still we need to surpass $8.7K.
That would be nice, but I don't see the significance of that price other than it being the price target of the pennant we are breaking out of.
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January 14, 2020, 04:14:53 AM
Merited by jojo69 (1)

This is fine.

But still we need to surpass $8.7K.
That would be nice, but I don't see the significance of that price other than it being the price target of the pennant we are breaking out of.

It's got something to do with the squiggly line indicator, and full moon cycles.
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