Bitcoin Forum
October 24, 2020, 12:47:35 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Oct. 23 Closing Price:
<$8,000 - 2 (3%)
$8,000-$8,500 - 0 (0%)
$8,500-$9,000 - 0 (0%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
$10,000-$10,500 - 1 (1.5%)
$10,500-$11,000 - 0 (0%)
$11,000-$11,500 - 3 (4.5%)
$11,500-$12,000 - 5 (7.6%)
$12,000-$12,500 - 16 (24.2%)
$12,500-$13,000 - 12 (18.2%)
$13,000-$13,500 - 8 (12.1%)
$13,500-$14,000 - 5 (7.6%)
>$14,000 - 14 (21.2%)
Total Voters: 66

Pages: « 1 ... 27093 27094 27095 27096 27097 27098 27099 27100 27101 27102 27103 27104 27105 27106 27107 27108 27109 27110 27111 27112 27113 27114 27115 27116 27117 27118 27119 27120 27121 27122 27123 27124 27125 27126 27127 27128 27129 27130 27131 27132 27133 27134 27135 27136 27137 27138 27139 27140 27141 27142 [27143] 27144 27145 27146 27147 27148 27149 27150 27151 27152 27153 27154 27155 27156 27157 27158 27159 27160 27161 27162 27163 27164 27165 27166 27167 27168 27169 27170 27171 27172 27173 27174 27175 27176 27177 27178 27179 27180 27181 27182 27183 27184 27185 27186 27187 27188 27189 27190 27191 27192 27193 ... 27407 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23429629 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. (148 posts by 37 users deleted.)
soullyG
Hero Member
*****
Offline Offline

Activity: 817
Merit: 564


Decentralize everything


View Profile
August 21, 2020, 02:33:35 PM

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 Cheesy
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 2716
Merit: 1880


Inverse Bearish Spike Indicator!


View Profile
August 21, 2020, 02:35:41 PM
Merited by BobLawblaw (2)

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
Legendary
*
Offline Offline

Activity: 1204
Merit: 1020



View Profile
August 21, 2020, 03:00:02 PM

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?  Tongue
cAPSLOCK
Legendary
*
Offline Offline

Activity: 2716
Merit: 1880


Inverse Bearish Spike Indicator!


View Profile
August 21, 2020, 03:04:15 PM

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?  Tongue

In extraordinary comfort.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1638
Merit: 4295


Be a bank


View Profile
August 21, 2020, 03:14:15 PM
Merited by cAPSLOCK (1), Biodom (1), JayJuanGee (1), Torque (1), Phil_S (1), d_eddie (1)

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



Quote
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
Legendary
*
Offline Offline

Activity: 2478
Merit: 1620



View Profile
August 21, 2020, 03:34:56 PM

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



Quote
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
Legendary
*
Offline Offline

Activity: 2548
Merit: 3251


Aceeasi Marie cu alta palarie


View Profile
August 21, 2020, 04:07:16 PM

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  Wink

*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
Legendary
*
Offline Offline

Activity: 2716
Merit: 1880


Inverse Bearish Spike Indicator!


View Profile
August 21, 2020, 04:11:19 PM

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



Quote
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
Legendary
*
Offline Offline

Activity: 2422
Merit: 3350


How much alt coin diversification is needed? 0%?


View Profile
August 21, 2020, 04:12:18 PM

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.   Shocked Shocked

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

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




Oh my!!!!!!

cAPSLOCK
Legendary
*
Offline Offline

Activity: 2716
Merit: 1880


Inverse Bearish Spike Indicator!


View Profile
August 21, 2020, 04:26:35 PM



 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  Wink

*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
Legendary
*
Offline Offline

Activity: 2296
Merit: 1812



View Profile
August 21, 2020, 04:27:15 PM

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



Quote
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:

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
Legendary
*
Offline Offline

Activity: 2422
Merit: 3350


How much alt coin diversification is needed? 0%?


View Profile
August 21, 2020, 04:42:11 PM
Merited by El duderino_ (2)

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
Legendary
*
Offline Offline

Activity: 2548
Merit: 3251


Aceeasi Marie cu alta palarie


View Profile
August 21, 2020, 04:49:53 PM



 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  Wink

*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
Legendary
*
Offline Offline

Activity: 2422
Merit: 3350


How much alt coin diversification is needed? 0%?


View Profile
August 21, 2020, 04:52:14 PM
Last edit: August 21, 2020, 05:41:39 PM by JayJuanGee

Number going down.

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

The end of the beginning has arrived.   Shocked Shocked

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?    Tongue Tongue


 Cheesy Cheesy Cheesy Cheesy Cheesy

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.
d_eddie
Legendary
*
Offline Offline

Activity: 1204
Merit: 1020



View Profile
August 21, 2020, 05:43:08 PM
Merited by El duderino_ (5)

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...
That was about trading. This is about hodling. Detached but hopeful, it's tricky but can be done.


Maybe you fell off of your log cabin roof during shingle repairs?    Tongue Tongue
Never fell from a cabin roof actually. Well, there was a time at sea, in a friend's boat that capsized... but that's another story.

Last of the V8s
Legendary
*
Offline Offline

Activity: 1638
Merit: 4295


Be a bank


View Profile
August 21, 2020, 05:49:26 PM

Just as it looks as though it's going to die a miserable death, someone buys it all up again. Cool
Hueristic
Legendary
*
Offline Offline

Activity: 2520
Merit: 1750


Doomed to see the future and unable to prevent it


View Profile
August 21, 2020, 05:56:56 PM

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.

It's actually good(bad) for ETH.  Good as it is validating it, bad as it is going to add so much more to the centralization of it.

I seriously wonder why they don't use Liquid USDT.  SUCH a better design.


Not centralized enough. Cheesy

That's actually an interesting point.

Liquid is a Federated trust model.  Very much centralized. And openly.  Ethereum is a "decentralized world computer (code is law)" that is probably about as "decentralized" as liquid, except no one is actually sure who is controlling it.

I knew you would get it. Wink
JayJuanGee
Legendary
*
Offline Offline

Activity: 2422
Merit: 3350


How much alt coin diversification is needed? 0%?


View Profile
August 21, 2020, 05:58:23 PM
Merited by El duderino_ (4)

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?  Tongue

Apparently, d_eddie, you did not get the memo in regards to bitcoin being designed to pump forever?    Cry Cry Cry


 Cheesy Cheesy Cheesy


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...
That was about trading. This is about hodling. Detached but hopeful, it's tricky but can be done.


I don't buy it for one minute.   Lips sealed


Maybe you fell off of your log cabin roof during shingle repairs?    Tongue Tongue
Never fell from a cabin roof actually. Well, there was a time at sea, in a friend's boat that capsized... but that's another story.

I am sorry to call you out on this, but a guy has gotta do what a guy has gotta do.  Embarrassed

There is actual footage of the "cabin" incident, so there is that.

Hueristic
Legendary
*
Offline Offline

Activity: 2520
Merit: 1750


Doomed to see the future and unable to prevent it


View Profile
August 21, 2020, 06:03:53 PM
Merited by El duderino_ (6), kurious (1)

Nice to see a Goldman Ballsacks Harvard guy get Indicted. Cheesy

Quote
Bannon was aboard Chinese billionaire's $28M yacht off Connecticut when arrested

https://www.foxnews.com/politics/bannon-was-aboard-chinese-billionaires-28m-yacht-off-connecticut-when-arrested



Toxic2040
Legendary
*
Offline Offline

Activity: 952
Merit: 1867



View Profile
August 21, 2020, 06:10:50 PM



           
Pages: « 1 ... 27093 27094 27095 27096 27097 27098 27099 27100 27101 27102 27103 27104 27105 27106 27107 27108 27109 27110 27111 27112 27113 27114 27115 27116 27117 27118 27119 27120 27121 27122 27123 27124 27125 27126 27127 27128 27129 27130 27131 27132 27133 27134 27135 27136 27137 27138 27139 27140 27141 27142 [27143] 27144 27145 27146 27147 27148 27149 27150 27151 27152 27153 27154 27155 27156 27157 27158 27159 27160 27161 27162 27163 27164 27165 27166 27167 27168 27169 27170 27171 27172 27173 27174 27175 27176 27177 27178 27179 27180 27181 27182 27183 27184 27185 27186 27187 27188 27189 27190 27191 27192 27193 ... 27407 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!