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

[Karartma1]

Since '2x per year' trendline is so popular now , here it is, magnified:



Really looking forward to $12800.

It surely is! Please allow me to like the original one which is more relaxing than this one. I'll keep some merits for you.
I am about to print the 2x * yr chart and put it on my wall so when I wake up I remind to myself where we are going. 

[Last of the V8s]

Nice work, Sunny Jim.
You're both right and wrong. Still, I
better learn to count.

[cAPSLOCK]

https://www.courtlistener.com/docket/17170760/1/bma-llc-v-hdr-global-trading-limited/?s=09

I did not know about this crazy Rico case against Bitmex from earlier in the year.

Seems to rest on their use of American services, but as we know, they did take care to bounce you off if you forgot to use a vpn and logged in from USA.

Guess they really want a piece of that pie.

Who on Earth is BMA LLC?

[Phil_S]

I am about to print the 2x * yr chart and put it on my wall so when I wake up I remind to myself where we are going. 

Black background might be bad for printing, here's white background version:

https://i.imgur.com/7QUUGJc.png

[Last of the V8s]

https://www.courtlistener.com/docket/17170760/1/bma-llc-v-hdr-global-trading-limited/?s=09

I did not know about this crazy Rico case against Bitmex from earlier in the year.

Seems to rest on their use of American services, but as we know, they did take care to bounce you off if you forgot to use a vpn and logged in from USA.

Guess they really want a piece of that pie.

Who on Earth is BMA LLC?

coindesk, so archived https://archive.is/lrbu3

"patent troll" / front for usg / powerful people ?

[AlcoHoDL]

Who's that? That's Beaumont!
Who's Beaumont? An employee...
...I had to let go.

#jackiebrownhaiku

[cAPSLOCK]

https://www.courtlistener.com/docket/17170760/1/bma-llc-v-hdr-global-trading-limited/?s=09

I did not know about this crazy Rico case against Bitmex from earlier in the year.

Seems to rest on their use of American services, but as we know, they did take care to bounce you off if you forgot to use a vpn and logged in from USA.

Guess they really want a piece of that pie.

Who on Earth is BMA LLC?

coindesk, so archived https://archive.is/lrbu3

"patent troll" / front for usg / powerful people ?

How did I miss this before?

This definitely supports my "somebody big wants the whole cake" theory.

It's very bullish and potentially terrible at the same time...

But who would be hiding this way:

1.  Some rich unknown(s)?  - Probably not.
2.  A cabal of existing companies - slightly more likely. Jaime Dimon does not want us to know that he's going all in
3.  THE Cabal? - Most likely... the big dogs themselves.... dressed up as a Puerto Rican street person.  Kaiser Soze basically, but the TPTB version.

If it is #3, and yes I am losing my mind, what does that mean? 

Fu&k.  This is going to ruin my Sunday nap.

[Last of the V8s]

wait what?
you only have one nap on a Sunday?

[Last of the V8s]

Two one, two one, two
one. Two one, two one, two one.
Two-oo-oo wo-one.

[OutOfMemory]

Two one, two one, two
one. Two one, two one, two one.
Two-oo-oo wo-one.

That's actually kinda trippy, with a lot of analog delay

no haiku today
from me, OutOfMemory
part two, to make it true

#nohaiku

[Last of the V8s]

The nineties called and wants their encryption wars back

https://www.justice.gov/opa/pr/international-statement-end-end-encryption-and-public-safety

In light of these threats, there is increasing consensus across governments and international institutions that action must be taken: while encryption is vital and privacy and cyber security must be protected, that should not come at the expense of wholly precluding law enforcement, and the tech industry itself, from being able to act against the most serious illegal content and activity online.

ruined my third Sunday nap

    Embed the safety of the public in system designs, thereby enabling companies to act against illegal content and activity effectively with no reduction to safety, and facilitating the investigation and prosecution of offences and safeguarding the vulnerable;
    Enable law enforcement access to content in a readable and usable format where an authorisation is lawfully issued, is necessary and proportionate, and is subject to strong safeguards and oversight; and
    Engage in consultation with governments and other stakeholders to facilitate legal access in a way that is substantive and genuinely influences design decisions.

[cAPSLOCK]

Two one, two one, two
one. Two one, two one, two one.
Two-oo-oo wo-one.

That's actually kinda trippy, with a lot of analog delay

no haiku today
from me, OutOfMemory
part two, to make it true

#nohaiku

https://www.sndup.net/9k8g/21.mp3

[NeuroticFish]

Meh, when 12?

Wait your turn, 10k EUR milestone first! 

Soon man, soon.

Before the end of the weekend.

I did hope you'd be right, but no. I guess that we are simply too bullish...

[Toxic2040]

The nineties called and wants their encryption wars back

https://www.justice.gov/opa/pr/international-statement-end-end-encryption-and-public-safety

In light of these threats, there is increasing consensus across governments and international institutions that action must be taken: while encryption is vital and privacy and cyber security must be protected, that should not come at the expense of wholly precluding law enforcement, and the tech industry itself, from being able to act against the most serious illegal content and activity online.

ruined my third Sunday nap

    Embed the safety of the public in system designs, thereby enabling companies to act against illegal content and activity effectively with no reduction to safety, and facilitating the investigation and prosecution of offences and safeguarding the vulnerable;
    Enable law enforcement access to content in a readable and usable format where an authorisation is lawfully issued, is necessary and proportionate, and is subject to strong safeguards and oversight; and
    Engage in consultation with governments and other stakeholders to facilitate legal access in a way that is substantive and genuinely influences design decisions.

this aggression can not stand, man


-------

the noon wall report



shore barrage on target, appears to be time for some good ol ground and pound         

#dyor
1h


1h


4h

#stronghands

[OutOfMemory]

Two one, two one, two
one. Two one, two one, two one.
Two-oo-oo wo-one.

That's actually kinda trippy, with a lot of analog delay

no haiku today
from me, OutOfMemory
part two, to make it true

#nohaiku

https://www.sndup.net/9k8g/21.mp3

 

I was meaning more like https://www.sndup.net/8hvj/two-one.mp3

EDIT: I know, it's not an analog delay, but i don't got a roland space echo machine lying around here  
EDIT2: This was a quick, two track "mixdown" without even prelistening on studio monitors (just laptop speakers, though harman/kardon)

[kurious]

Two one, two one, two
one. Two one, two one, two one.
Two-oo-oo wo-one.

That's actually kinda trippy, with a lot of analog delay

no haiku today
from me, OutOfMemory
part two, to make it true

#nohaiku

https://www.sndup.net/9k8g/21.mp3

 

I was meaning more like https://www.sndup.net/8hvj/two-one.mp3

EDIT: I know, it's not an analog delay, but i don't got a roland space echo machine lying around here 

The Roland Space Echo was a beautiful thing.  Used it live on my vocals (back in the day) - delicious.

[AlcoHoDL]

Meh, when 12?

Wait your turn, 10k EUR milestone first! 

Soon man, soon.

Before the end of the weekend.

I did hope you'd be right, but no. I guess that we are simply too bullish...

Yeah, I hoped so too.

It was a SOMA guess, as all such guesses are.

We'll get there soon. I think 2021 will be a Carolina year.

HoDL.

[slowlyslowly]

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

This has been my №1 chart since you've posted it first here. We may notice that the lower line corresponds to a 2x price increase per year if we round the price to 50$ at the start of 2013. That is an exponential growth 50x2^t, where t is the number of years since 2014. The remarkable thing is that for 7 years Bitcoin has kept hitting these numbers on the way down after several extra exponential growths related to the halvings. And now Bitcoin is even above the line unlike 2015 and most of 2016. This is a strong sign that the exponential growth will continue at least in the next 2-3 years. We can't be sure if 2021 will have that extra growth, but the longer we stay close to the lower line, the better. Sooner or later Bitcoin will touch and may pass through the upper line for a period.

With that regard, what software/site do you use for that chart? I would like to make my own chart with years up to 2025.  In my opinion the lower line is very close to the real price of bitcoin, since it reflects the increasing demand (new accounts added to exchanges, etc.) vs selling pressure on exchanges. For the latter one can judge from the total exchange ballance, which has decreased from 2.8 mil to 2.4 mil in the last 6 months. We can easily find the line equation for each year so that for each day or month the price point is found. Something like y=(x/3)*1600+6400. For example at the end of August (x=8), the price for the bottom line is y~$10 666. We are over 10% above that, so all is good!

What's your prediction For BTCitcoin by December?

- over $12500
- over $13500
- over $15000

Me like- No one knows, end of story!  

Easy. According the above formula, the price on 10th Oct. 2020 should have been (9.3/3)*1600+6400=$11360. Amazing! It seems that for one more year Bitcoin kept the 2x increase. At the end of 2020 the price should be around 12 800, according to the formula and the chart. We've been close to 12 500 already this year, so it is time to revisit and break that resistance. But of course, little above or below 2x is also quite possible. Even 15K-16K is not that far, only 40% from now.

does anyone know what other things gold? apple shares?  have achieved this sort of growth pattern over such a long period? Also since this chart is factual ie true and the jumps in the next few years are going to be huge if it holds why are not speculators piling in?

[smartcomet]

[philipma1957]

I'm no scientologist but I do believe most of those things aren't animals.

well the car is not an animal. it is a joke haha

the rest are animals, but not all are mammals.

none are plants.

if i recall

life

has

plants
animals.

some one must have a chart or two. on how the animal kingdom breaks down.

I would argue that humans kill more and that chart is only including murder.