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

[bitcoinPsycho]

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

So very true but its an obsession I have to admit

[AlcoHoDL]

Just for the LULZ.

https://youtu.be/GI7sBsBHdCk

Has been posted before, but hey, still funny!

Money printer go brrrrrrrrrr...!

[vapourminer]

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

So very true but its an obsession I have to admit

as someone already noted its much more fun to read the WO 1st and then guess the price. then check your favorite exchange and see what the real number is.

after all if you know the price before reading the WO its like hearing about the score of the football (ok soccer or whatever ) score before watching the game.

sorry for offending the (american) football vs the rest of the worlds football thing crowd. well, not really heh. not really a fan of either. now, hockey.. yeah, it has dedicated fighters whos only purpose is to to take opposing players out.. now thats a game.

[BobLawblaw]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

[d_eddie]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

[JL0]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

There is CME gap at $9600 maybe we'll fill that.

[soullyG]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

Yeah me too. Feels like ~$10500 or so will be the bottom if we do slip more here, but hey, lowball bids ready too for some high volume dump flash crash action. Mmm I love me some Bitcorn coaster

[cAPSLOCK]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin.  All of this seems inevitable to me.

That said, I have always been skeptical of the model.  For no good reason though.  Really just because it fits too damn well, lol.  And ultimately it HAS to fail.  Because it predicts a price of $∞.  Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS.  Lol.

[d_eddie]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin.  All of this seems inevitable to me.

That said, I have always been skeptical of the model.  For no good reason though.  Really just because it fits too damn well, lol.  And ultimately it HAS to fail.  Because it predicts a price of $∞.  Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS.  Lol.

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? 

[cAPSLOCK]

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? 

In extraordinary comfort.

[Last of the V8s]

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up.  In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong.  Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

[Biodom]

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up.  In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong.  Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

interesting analysis...I don't even care to proselytize anymore (after trying and failing).
It would happen 'automatically', most likely.

[xhomerx10]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin.  All of this seems inevitable to me.

That said, I have always been skeptical of the model.  For no good reason though.  Really just because it fits too damn well, lol.  And ultimately it HAS to fail.  Because it predicts a price of $∞.  Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS.  Lol.

 It predicts a price approaching infinity.
 Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin.  I'm hodling until ∞-1 

*No no limits, we'll reach for the sky
 No valley to deep, no mountain to high
 No no limits, won't give up the fight
 We do what we want and we do it with pride
 Let me hear you say "yeah!"

 No no, no no no no, no no no no
 No no there's no limit!
 No no, no no no no, no no no no
 No no there's no limit!

*No Limit lyrics © Decos Publishing
 
 

[cAPSLOCK]

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up.  In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong.  Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

This is one of the more interesting pieces on this sort of topic I have seen.

It may be a confirmation bias sort of thing, but I have always comforted myself that Bitcoin is yet another thing that people 20 years after it's introduction will be saying, "I can't believe I never invested in it".  Even as big a deal as we, the choir, think Bitcoin is nothing like this is ever obvious to the masses, even the smart ones at first.

We are still... at first.

[JayJuanGee]

Shit is getting out of hand. Was just about to post this.

It's a chain swap as JL0 pointed out, so no new tether were effectively minted. They're just rearranging their furniture deck chairs.

^^^ FTFY

What a pessimistic picnic bear...

Did not realize that you are a Tether FUDster, too.  

The picnic bear wears many hats!!!!!!!!    

'2x per year' lines update (vs 7-day average):

Oh my!!!!!!

[cAPSLOCK]

 It predicts a price approaching infinity.
 Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin.  I'm hodling until ∞-1  

*No no limits, we'll reach for the sky
 No valley to deep, no mountain to high
 No no limits, won't give up the fight
 We do what we want and we do it with pride
 Let me hear you say "yeah!"

 No no, no no no no, no no no no
 No no there's no limit!
 No no, no no no no, no no no no
 No no there's no limit!

*No Limit lyrics © Decos Publishing
 
 

It is certainly approaching infinity now... but after the last fraction of a BTC is mined in how ever many years the flow becomes 0 and the stock will be 20999xxx.  

Divide by zero error.

That's only ever happened with certain collectibles... Mona Lisas... Certain baseball cards, etc.  It's NEVER happened with something that is a money.

[Torque]

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up.  In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong.  Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

Great article, but I believe this writer is incorrect about this quote:

As an aside, I went to the best business school in the world and they didn’t teach us anything about that.  For what it’s worth, I don’t think that this was a knowing or malicious omission.  I think this battle was won 100-years ago, in Keynes’ day, with the self-serving support of governments weighing heavily on the outcome.  Which is to say, my professors learned from Keynesians who themselves learned from Keynesians.  The business leaders and educators of today are completely unaware that they are passing on the shoddy propaganda version of monetary theory as a result of the largely successful ideological extermination of sound monetary theory.

Au contraire, I think the business school professors know exactly what they are doing with their constant Keynesian propaganda. They know exactly what sound money is, but know the business world is now fueled on cheap debt and money printing.

“It is difficult to get a man A man refuses to understand something, when his salary depends on his not understanding it.”

[JayJuanGee]

But, hey, considering BTC price bottoms, you had seen that PlanB tweet from yesterday about the 200Weekly Moving average? Dude posted it, below.

>>>>>ICYMI: #bitcoin  is nicely moving away from 200 week moving average. 200WMA is currently $6400, is increasing $200 per month, and has never decreased. Best of all, BTC monthly close has never been below 200WMA.<<<<

https://twitter.com/100trillionusd/status/1296005407983403008?s=21

Can't we have some assurance that the bottom is in (or at least the bottom keeps moving up)?  So, in other words, maybe we can feel a certain level of confidence that BTC prices are not going below $6,400... so even $3k or sub $200 is even more out of the question - into the rearview mirror... and with the passage of time, we can start to feel even more confidence regarding even higher and higher bottom BTC prices... because the bottom keeps moving up with the 200 week moving average, no?

Here's the chart from that PlanB tweet:

The bottom is something that is very slippery terrain for BTC, I think it would be pretty frivolous to say that we will never go below $6400 again, because just a few months ago this is exactly what happened. Of course, the x factor should always be taken into account - and in the last case it was the declaration of a pandemic that shook the entire world market - and we know that in the case of anything like that, the price easily goes down and more than 50%.

I would still take the price of $4000 as something that BTC can go backwards, but only if something very negative happens (say a big hack of Coinbase or Binance). Yet what interests me more at the moment is the percentage of correction after the next big bull run, because if we were to reach say $100k, is it realistic to expect us to fall to $20k? The past has shown that this is possible, will it be the same this time?

Seems to me that BTC investors who focus too much on the amount of the possible BTC falls and the BTC corrections in the short term or long term, have a pretty high tendency to either fail to invest, to sell way too much too soon and to underinvest.

So, frequently, even if there have tended to be BIG ASS corrections in BTC-landia, the more prudent and sound of strategies has many times been better to just HODL through the whole thing - and of course, on a personal level, I have never really had any problem selling reasonably small amounts of BTC on the way up in order to provide some potential insurance for long and/or large BTC price corrections and also perhaps providing some psychological relief during times in which BTC price is correcting more and longer than preferred.

Of course, the concerns for ongoing and likely inevitable volatility continues to be a bit more problematic for new coiners who are attempting to establish their position, but I still think that NOT overinvesting and having at least a 4 year time horizon including following some kind of DCA'ing can help a lot of newbies through their initial investment period in which their BTC holdings may or may not be in profits - but more likely to be in profits if they continue with sound and prudent ongoing accumulation of BTC - even though nothing is really guaranteed, either, now is it?  but we have had good odds in our favor with BTC, and the future continues to look bright too, even if guys like you, Lucius, seem to be overly preoccupied with negative BTC price movements and unable or unwilling to figure out sound and reasonably prudent strategies to profit from likely ongoing positive trends that are likely to continue to come to BTC (though not guaranteed, like I already mentioned).

[xhomerx10]

 It predicts a price approaching infinity.
 Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin.  I'm hodling until ∞-1  

*No no limits, we'll reach for the sky
 No valley to deep, no mountain to high
 No no limits, won't give up the fight
 We do what we want and we do it with pride
 Let me hear you say "yeah!"

 No no, no no no no, no no no no
 No no there's no limit!
 No no, no no no no, no no no no
 No no there's no limit!

*No Limit lyrics © Decos Publishing
 
 

It is certainly approaching infinity now... but after the last fraction of a BTC is mined in how ever many years the flow becomes 0 and the stock will be 20999xxx.  

Divide by zero error.

That's only ever happened with certain collectibles... Mona Lisas... Certain baseball cards, etc.  It's NEVER happened with something that is a money.

 Oh!  S2F.  My bad.

[JayJuanGee]

Number going down.

yep. stock futures, gold silver also. tis the end i tell u

The end of the beginning has arrived.  

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

I thought that I might have been being a wee bit too macro by saying that we had been confirmed to have had entered into a bull market since May 2019.

Now you, AlcoHoDL, are one UPpening, my wannabe backwards compatible sorcery attempts onto a longer time horizon?


I am sticking by my more short-term statement, anyhow.. because I think that there is some kind of something in considering these shorter-term cycles that we have been seeing, even if such shorter-term cycles might NOT quite be captured within 4-year fractal pattern from here on out, but still there seems to be something that is getting into a kind of material importance regarding something in the ballpark of 4-year cycles.

I will concede that in the past year or so there have been a few times that the entrance into what appears to be our bull market, had been in a kind of questionable state of affairs... a kind of pending uncertainty.. so in that regard, price direction of our lil-big daddy has frequently gone into variations of tentativeness whether we are referring to the present or the past... but mostly more clearly characterized after we are able to put on our historical seeing pieces.

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

Are you feeling well, d_eddie?

You are supposed to be totally detached... at least that is what you used to say, in terms of the  BTC price could go up or it could go down or it could go sideways, bleh...

Hahahahaha

Maybe you fell off of your log cabin roof during shingle repairs?    


 

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

There is CME gap at $9600 maybe we'll fill that.

Seems a bit wishful, but hey to each their own, and hopefully not too much corn is being gambled in that seemingly wishful direction that might not happen.