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Question: Price Target for Nov. 30, 2024:
<$75K - 4 (2.9%)
$75K to $80K - 1 (0.7%)
$80K to $85K - 2 (1.5%)
$85K to $90K - 10 (7.3%)
$90K to $95K - 15 (10.9%)
$95K to $100K - 28 (20.4%)
>$100K - 77 (56.2%)
Total Voters: 137

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26712920 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. (174 posts by 1 users with 9 merit deleted.)
nullius
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November 10, 2020, 05:29:23 AM
Last edit: November 10, 2020, 05:46:44 AM by nullius
Merited by Last of the V8s (1)



31 years ago #history edit: #WallObserver

Source: BBC/getty images - in case someone claims I pretend to have taken this photo myself.

Thanks for remembering history.

One step forward—two steps back...


Are we the commies now?

Some years ago, I spoke to an erstwhile East German who was already quite elderly.

He loathed Communism, despised the DDR government,—but hated the Americans worse, and accordingly hated the BRD American satellite even worse than the DDR Soviet satellite.

His view:  In the DDR, all decent people knew that the system was their enemy.  But Reunification had poisoned people.  The culture became Americanized.  Instead of focusing on internal resistance and external survival, as in the DDR, people lived in a shallow fantasy of consumerism, trash culture, and meaningless games that they believed meant “freedom”.  The Americanized BRD did what the Sovietized DDR never could:  It killed people’s spirits from the inside out.

If that sounds like me, it is only because along the course of my life, I have learned from others; and I hereby recount in my own words what I learned from the real-life experiences of East Germans, Russians, and others whom I have known from the Eastern bloc, as viewed through the integral lens of my studies of philosophy and history.


Quote from: Alexander Solzhenitsyn
Without any censorship, in the West, fashionable trends of thought are carefully separated from those that are not fashionable.  Nothing is forbidden, but what is not fashionable will hardly ever find its way into periodicals or books or be heard in colleges.  Legally, your researchers are free, but they are conditioned by the fashion of the day....  There is a dangerous tendency to form a herd....

V8s, do you remember when in 1978, Solzhenitsyn got booed by a bunch of dumb Americans at Harvard*?  If not, I will post more info (unless I get bored, and decide just to leave the unmitigated savages in suspense).  There was a reason why he returned to Russia when he could.

* Almost two decades after Timothy Leary had already set in motion the institutional poisoning of Harvard’s campus culture with LSD and psilocybin, I might add...  Dear conservatives, there really is nothing left to conserve!

Although I have some deep philosophical disagreements with Solzhenitsyn, I have no doubt that he felt in his bones a deep revulsion for the sickness of the West.

Quote from: Alexander Solzhenitsyn
Should one point out that from ancient times decline in courage has been considered the beginning of the end?  [...]

The defense of individual rights has reached such extremes as to make society as a whole defenseless against certain individuals.  It is time, in the West, to defend not so much human rights as human obligations.  [...]

How many hasty, immature, superficial, and misleading judgments are expressed every day, confusing readers, without any verification....  Thus we may see terrorists made heroes, or secret matters pertaining to one’s nation’s defense publicly revealed, or we may witness shameless intrusion on the privacy of well-known people under the slogan “everyone is entitled to know everything.”  [...]

Quote from: Alexander Solzhenitsyn
A fact that cannot be disputed is the weakening of human beings in the West, while in the East they are becoming firmer and stronger....  After the suffering of decades of violence and oppression, the human soul longs for things higher, warmer, and purer than those offered by today’s mass living habits, introduced by the revolting invasion of publicity, by TV stupor, and by intolerable music.
* Solzhenitsyn would not have been a fan of “hookers, Lambos, and blow”.


P.S., for the benefit of the Wall, I should observe that diametrically opposite to idiotic popular perceptions promulgated in the Western mass media, Russian women are not cheap sluts like Western women (worst of all American women).  —Or perhaps it may be better said that Russia dumps its filthy sluts and two-faced gold diggers by exporting them to their proper place in America, while keeping the good ones at home.
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November 10, 2020, 06:03:55 AM
Merited by nutildah (2)


Quote from: Alexander Solzhenitsyn
A fact that cannot be disputed is the weakening of human beings in the West, while in the East they are becoming firmer and stronger....  After the suffering of decades of violence and oppression, the human soul longs for things higher, warmer, and purer than those offered by today’s mass living habits, introduced by the revolting invasion of publicity, by TV stupor, and by intolerable music.
* Solzhenitsyn would not have been a fan of “hookers, Lambos, and blow”.


P.S., for the benefit of the Wall, I should observe that diametrically opposite to idiotic popular perceptions promulgated in the Western mass media, Russian women are not cheap sluts like Western women (worst of all American women).  —Or perhaps it may be better said that Russia dumps its filthy sluts and two-faced gold diggers by exporting them to their proper place in America, while keeping the good ones at home.

Mate, looks like you are fuckingly indoctrinated just By The Way.

Take an honest brake to yourself.

Try to make your point clear and possibly to be understand by working class member.
nullius
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November 10, 2020, 06:07:53 AM
Merited by explorer (1)


Mate, looks like you are fuckingly indoctrinated just By The Way.

Just out of curiosity, by whom?

Take an honest brake to yourself.

What is that supposed to mean?

Try to make your point clear and possibly to be understand by working class member.

Why?
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yes


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November 10, 2020, 06:28:19 AM
Merited by nutildah (1), DaRude (1), 600watt (1), strawbs (1)

?

Try to make your point clear and possibly to be understand by working class member.

Why?

To avoid an ignore?  Roll Eyes
bitebits
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November 10, 2020, 06:34:25 AM

Quote
We are still WAY below ATH for #Bitcoin, adjusted for [...] monetary inflation.

M2 has gone from ~$13.8T in Dec. 2017 to ~$18.8 today.

That means the current BTC price of $15,350 is more like $11,270 adjusted for inflation.


https://twitter.com/coryklippsten/status/1326038758794297345
nullius
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November 10, 2020, 07:08:22 AM
Last edit: November 10, 2020, 07:21:35 AM by nullius

Try to make your point clear and possibly to be understand by working class member.

Why?

To avoid an ignore?  Roll Eyes

Pulling a mindrust, are you?  Roll Eyes

[...]

Whatever. The next stupid answer I get from you will make me ignore you forever. So think well before quoting me next time.

Why do some people see this as some sort of a threat?  —Especially against me, of all people?  Oh noes, I am so terrified that you may ignore me.

A nonexistent cat’s reaction:

Yes, please!  Place me on your ignore list.  Forever.  It is your loss, and I do not want for you to read my posts.  Thank you.

If you are not reading it, then it is not for you.
nullius
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November 10, 2020, 07:39:01 AM

Other / Beginners & Help / Hi to everyone
hi to everyone, hope to learn a lot of exciting things.

Too bad.

Quote from: Nietzsche
Everyone being allowed to learn to read, ruineth in the long run not only writing but also thinking.
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November 10, 2020, 07:56:41 AM

Quote
We are still WAY below ATH for #Bitcoin, adjusted for [...] monetary inflation.

M2 has gone from ~$13.8T in Dec. 2017 to ~$18.8 today.

That means the current BTC price of $15,350 is more like $11,270 adjusted for inflation.


https://twitter.com/coryklippsten/status/1326038758794297345

Better to price bitcoin in lambos, or guess that would have to come after parity

Edit: Like, damn man do you remember the time when 1 BTC was only worth 0,07 Urus's?
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We choose to go to the moon


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November 10, 2020, 08:47:11 AM
Merited by JayJuanGee (1), AlcoHoDL (1), soullyG (1), FullNode (1)

4 year shift

16x price shift



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November 10, 2020, 09:01:15 AM
Merited by LFC_Bitcoin (1)

I remember I read somewhere (can't remember where), that each halving causes around 7x BTC/USD price increase, and that there is a delay of around 6 months before said rise starts. Math & science was supposedly used to arrive at these figures, but I can't be certain.

Either 7x or 16x is fine by me.  Cool

HoDL.
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November 10, 2020, 09:10:39 AM
Merited by AlcoHoDL (1), Toxic2040 (1)


assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

I really hope the coming winter will be the only corona winter we have to go through. right now in German hospitals the ICU's are filled up with as many covid patients as there were in March/April. a neighbor of ours died a few days ago as a result of a covid infection.  the coming months could become very dark. stay safe, stack some sats. eternal bitcoin spring is coming.
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November 10, 2020, 09:42:55 AM

Michaël van de Poppe things cheap coins maybe available soon, the big January sell off, or does Santa deliver bargain 10k coins?
https://cointelegraph.com/news/why-a-30-bitcoin-price-crash-should-not-catch-you-off-guard-right-now
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November 10, 2020, 09:57:38 AM


https://twitter.com/scrowder/status/1325867767933759488?s=20
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November 10, 2020, 10:21:56 AM
Merited by BobLawblaw (1)

6 months after halving?

11/11

That's tomorrow!
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November 10, 2020, 10:28:51 AM
Merited by JayJuanGee (1)

Quote
Billionaire Investor Stanley Druckenmiller Says He Owns Bitcoin, Believes Top Crypto Asset Has More Upside Potential Than Gold
Daily Hodl Staff November 10, 2020

Billionaire and famed money manager Stanley Druckenmiller says he has warmed up to Bitcoin and now owns the crypto asset.

Druckenmiller tells CNBC’s The Exchange that he’s predicting a steady decline in the value of the US dollar in the next few years as he expects inflation to rear its ugly head.
https://dailyhodl.com/2020/11/10/billionaire-investor-stanley-druckenmiller-says-he-owns-bitcoin-believes-top-crypto-asset-has-more-upside-potential-than-gold/

There won't be enough bitcoin for everyone
Buy and Hodl
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November 10, 2020, 10:38:12 AM

assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

Each halving has a smaller effect on coin creation, so don't expect this to be as big a rally as before. Breaking $200k would definitely change my life, so won't mind it at all if I'm wrong!
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November 10, 2020, 10:53:31 AM

Some years ago, I spoke to an erstwhile East German who was already quite elderly.

Oh bloody hell hell, nullius, you're like a slave-driver with all this homework you keep setting me. Can't you tell I keep trying to duck it? anyway this one seems more tackle-able, so I probably will in a bit, and leave the hard stuff till anon.

But first things first:

P.S., for the benefit of the Wall, I should observe that diametrically opposite to idiotic popular perceptions promulgated in the Western mass media, Russian women are not cheap sluts like Western women (worst of all American women).  —Or perhaps it may be better said that Russia dumps its filthy sluts and two-faced gold diggers by exporting them to their proper place in America, while keeping the good ones at home.

 I like sluts. Cheap, filthy, 2-faced, the lot of 'em, I like 'em. A really good slut is hard to find, but worth the journey and the destination.
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November 10, 2020, 10:58:54 AM
Merited by JayJuanGee (1), LFC_Bitcoin (1)

assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

Each halving has a smaller effect on coin creation, so don't expect this to be as big a rally as before. Breaking $200k would definitely change my life, so won't mind it at all if I'm wrong!


you are right about the diminishing effect of the halvings. on the other hand consider that we never had a millionaire/billionaire/corporate treasurer of multibillion companies FOMO during a bitcoin run-up. a handful of billionaires could buy all the bitcoins. there are 2800 known billionaires and they own 8 trillion USD, which is 50x the worth of all bitcoins. as long as this is the case I believe the magnitude of run-ups is unpredictable in a way that not even a trend can be established. and there is also the concept of escape velocity. one of those future run-ups will not be like the usual bubble burst multiyear suffering. it will just keep rising and reach a level where it is not falling down anymore.
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November 10, 2020, 11:21:25 AM

Add the insane monetary policy to that and it could be 10-100x again.

Think big or go home  Cool
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November 10, 2020, 12:43:59 PM

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