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Question: When ATH?
Nov. 2020 - 47 (36.2%)
Dec. 2020 - 43 (33.1%)
Jan. 2021 - 14 (10.8%)
Feb. 2021 - 5 (3.8%)
Mar. 2021 - 5 (3.8%)
After Mar. 2021 - 16 (12.3%)
Total Voters: 130

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 24411810 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. (153 posts by 40 users deleted.)
smartcomet
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October 23, 2020, 01:56:32 AM
Merited by explorer (1), Last of the V8s (1)

Highlights from the report
Full-time equivalent (FTE) employee growth slowed considerably following the late-2017 market frenzy. Respondents across all market segments, reported year-on-year growth of 21 per cent in 2019, down from 57 per cent in 2018.

The survey findings estimate that on average 39 per cent of proof-of-work mining is powered by renewable energy, primarily hydroelectric energy. Understanding the energy source of mining is important because electricity costs account for the majority of hashers’ operational expenditures – albeit with some variability across world regions – and hashers have long competed on accessing the cheapest energy source.

Aligned with 2018 findings, new survey data shows that off-chain transactions, both in terms of volumes and numbers, continue to be dominated by fiat-cryptoasset trades (and vice-versa), meaning that users primarily interact with service providers, such as exchanges, to enter and leave the cryptoasset ecosystem.

Stablecoins are becoming increasingly available. The share of service providers supporting Tether grew from four per cent to 32 per cent between 2018 and 2020, compared to 11 per cent to 55 per cent support growth for non-Tether stablecoins. This is aligned with the rising value of transactions denominated in stablecoins.

Service providers operationally headquartered in North America and Europe indicate that business and institutional clients make up 30 per cent of their customers. This figure is much lower for APAC and Latin American firms at 16 per cent and 10 per cent respectively.

The share of cryptoasset-only companies that did not conduct any KYC checks at all dropped from 48 per cent to 13 per cent between 2018 and 2020, most likely resulting from the progressive harmonisation of KYC/AML standards across jurisdictions, such as initiated by the Financial Action Task Force (FATF). The inclusion of firms exclusively supporting cryptoassets featured in FATF’s updated standards and recommendations is believed to have spurred greater compliance among this group of firms. However, this should not be interpreted as these companies becoming fully KYC compliant as some KYC checks are only applied to a subset of consumers.
Quote
USER NUMBER AND ACTIVITY

In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified
cryptoasset users at about 35 million globally.

Applying the same methodology, an update of this
estimate indicates a total of up to 101 million unique cryptoasset users across 191 million accounts
opened at service providers in Q3 2020 (Figure 34). This 189% increase in users may be explained by
both a rise in the number of accounts (which increased by 37%), as well as a greater share of accounts
being systematically linked to an individual’s identity, allowing us to increase our estimate of minimum
user numbers associated with accounts on each service provider.
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PoolMinor
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October 23, 2020, 02:21:48 AM



tell me how you really feel..  Cheesy

+1 WOsMerit



--------

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

+1 WOsMerit


Unpopular opinion #3

Bitcoin keeps laddering up to $25k until Q4 2021 and then gets serious about a face melting pump towards $100k.







Hopium prediction:

We get to $15K, before November 16, then make a solid correction to $11,8. Then we see slow sideways/slight upward price movement until previous ATH in January 2021. Then Bitcoin price action resembles 2017 where the price step ladders to $55K and then in the last 10 days of November 2021 hits beyond $100K
Toxic2040
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October 23, 2020, 02:47:19 AM

Taking a peak into the wayback machine. I cant find the live original atm in the mess I call my charting folder so some imagination required. Seems to be hodling up ok.


Repost of a classic chart (source unknown):



Leading up to halving price starts to move. Maybe it's different this time.

Looks different..  It has hit the '3000 in October 2019' level way earlier than that chart shows.  So 2023 looks pessimistic, but we will find out in time.  I think the price will be significantly above where we are now by autumn this year.  No ATH, but higher by a good deal.

New ATH? Sometime between late 2020 and late 2021, if the relationship to the halving and the roughly four year cycle holds.  YMMV.

This is my take on that chart that infofront posted after some consideration. I think the next peak will be in the 2nd half of '21 in December. If this is any indication then we will have one week between now and mid-summer of fairly extreme volatility that will make a yearly ATL before trending upwards. Many assumptions and a fair amount of bias here so do your own research.
W

#stronghands


W


-----
late night charts

#dyor

4h


D

#stronghands
philipma1957
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October 23, 2020, 02:48:45 AM

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.
Biodom
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October 23, 2020, 02:49:47 AM



tell me how you really feel..  Cheesy

+1 WOsMerit



--------

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

+1 WOsMerit


Unpopular opinion #3

Bitcoin keeps laddering up to $25k until Q4 2021 and then gets serious about a face melting pump towards $100k.







Hopium prediction:

We get to $15K, before November 16, then make a solid correction to $11,8. Then we see slow sideways/slight upward price movement until previous ATH in January 2021. Then Bitcoin price action resembles 2017 where the price step ladders to $55K and then in the last 10 days of November 2021 hits beyond $100K

16.5K on Dec 31, slight ATH (20.1-20.5K) early 2021, sharp correction to 12.8-13K (many would sell), build up a strong bull from there with new new ATH in March or so, then off to the races until Nov-Dec to a unknown price (could be 50K-300K).
Hueristic
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October 23, 2020, 03:08:45 AM
Merited by El duderino_ (2), xhomerx10 (1)

Did we win yet?

I was told there would be cake. Smiley

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no FOMO


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October 23, 2020, 04:13:44 AM

Searing
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Clueless!


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October 23, 2020, 04:36:54 AM

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.


IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).

Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there

is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL

wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big

deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.

(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'

to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy

what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.

(now, am I gonna get beat up on WO for this post!) Smiley Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to pass

I'll take the fall on this post then) Smiley

Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.

Brad

PoolMinor
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October 23, 2020, 05:17:38 AM

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.


IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).

Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there

is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL

wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big

deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.

(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'

to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy

what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.

(now, am I gonna get beat up on WO for this post!) Smiley Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to pass

I'll take the fall on this post then) Smiley

Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.

Brad




That's it, Searing turned "bearish". It's all over now, get your ready bags packed, fits hitting the shan!
Get your tissues, whole lot of tears are coming.





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October 23, 2020, 05:28:54 AM
Merited by El duderino_ (6)

Hmm I wonder which part of the cycle we are on now .. ?

Chart Image


chart is bull shit scale is wrong look at the numbers on the right.

You're just joking right? Because the numbers are like that due to it being a log chart.
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October 23, 2020, 05:30:23 AM

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.


IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).

Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there

is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL

wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big

deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.

(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'

to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy

what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.

(now, am I gonna get beat up on WO for this post!) Smiley Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to pass

I'll take the fall on this post then) Smiley

Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.

Brad




That's it, Searing turned "bearish". It's all over now, get your ready bags packed, fits hitting the shan!
Get your tissues, whole lot of tears are coming.







That is my point! I'm having 'issues' with seeing $20k BTC as Bearish! Smiley (come, on....my first BTC was made at $150 on Sept 18th, 2013 for crying out loud on

a KNC Jupiter Machine..that I had to email tech support as it had no frigging ON switch...for $5,313.80 usd for crying out loud...they had me use a cut off paper clip with

black elec tape at one end to JUMP the Corsair 1200 PSU for crying out loud! So I closed my eyes, and 'wet myself' a litle bit and bingo it worked But 'really'? $20k is

bearish in 2021? When the low as what? $3,400 usd in 2017? ...sheesh...

(on second thought, assuming you are right the 'worst' that can happen is $20k....er nerver mind you are correct...I'll just amble off now) Smiley

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October 23, 2020, 05:52:24 AM

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.


IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).

Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there

is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL

wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big

deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.

(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'

to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy

what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.

(now, am I gonna get beat up on WO for this post!) Smiley Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to pass

I'll take the fall on this post then) Smiley

Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.

Brad


This reasoning reminds me of our old friend mindrust...  Cool
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October 23, 2020, 05:54:27 AM

https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo
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October 23, 2020, 06:17:28 AM
Merited by Cryptotourist (3), somac. (1)

Now that's better!

PoolMinor
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October 23, 2020, 06:41:27 AM

while i dont see 100k in 2021.

right now today if we matched 2017 we need to be at 78k.

this is base on mining profit.

so I think we could get to 78k by nov 2021.

for me i need 26-30k to be doing well with my mining farm.


IMHO, I see BTC being a bit over or around $20k at the end of 2021. (I can't believe I'm saying only, when I got into BTC Sept 18th, 2013 it was $150).

Anyway, my reasoning is as follows (1) blowback and FUD from the powerful/banker/and vested interests that will try to distract and such on BTC/Crypto...there

is always a 'backlash' in that area (2) Times are tough and they may get worse..thus some will 'reasonably' take some money out of the long term HODL

wallets for real-life issues, again, IMHO. Also, quite frankly if you are a 'huge' whale even taking 5% off your hoard at $20k would be tempting...not a big

deal if you just did so, but if everyone else thinks the same due to the sucky economic times I expect in 2021 it all adds up.

(3) Human nature for the long term HODL'ers to take some profits....and I think $20k for a long term Hodl'er with more BTC than myself will be 'convinced'

to sell some in the coming recession and bad economic times...especially as a hedge, and if he is older than say 55 years old, or so. Again, the economy gets sketchy

what else can you move 24/7 ..as a hedge against, what I expect is a 'sucky' year on the whole economically for the world, in 2021.

(now, am I gonna get beat up on WO for this post!) Smiley Anyway, if I am right on my prediction of dismalness...that is not so bad ..if the 100k in 2021 comes to pass

I'll take the fall on this post then) Smiley

Sketchy...what else can you sell/move but BTC/Crypto 24/7 on a whim of you against the world/universe if 2021 sucks as bad as I suspect.

Brad




That's it, Searing turned "bearish". It's all over now, get your ready bags packed, fits hitting the shan!
Get your tissues, whole lot of tears are coming.




/s


That is my point! I'm having 'issues' with seeing $20k BTC as Bearish! Smiley (come, on....my first BTC was made at $150 on Sept 18th, 2013 for crying out loud on

a KNC Jupiter Machine..that I had to email tech support as it had no frigging ON switch...for $5,313.80 usd for crying out loud...they had me use a cut off paper clip with

black elec tape at one end to JUMP the Corsair 1200 PSU for crying out loud! So I closed my eyes, and 'wet myself' a litle bit and bingo it worked But 'really'? $20k is

bearish in 2021? When the low as what? $3,400 usd in 2017? ...sheesh...

(on second thought, assuming you are right the 'worst' that can happen is $20k....er nerver mind you are correct...I'll just amble off now) Smiley



Ooops forgot to put the /s in; my apologies

I was mining BTC on a $600 -2 gpu rig in June 2013-- $35 a month in power netting me 1 BTC per month.
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October 23, 2020, 06:47:34 AM
Merited by El duderino_ (4)

Corn hodlers on paypal, looking great:



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October 23, 2020, 07:02:38 AM

Bounce @ $12,5





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October 23, 2020, 07:26:57 AM

We need to get past $13,800 to get to 20k with bullishness (stupid word that doesn't exist). After that we will be in uncharted territories which might need solid balls to handle

In the meanwhile, ccmf
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October 23, 2020, 07:39:01 AM

Bounce @ $12,5







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October 23, 2020, 08:01:29 AM
Merited by Torque (1), psycodad (1), ivomm (1)

What about the new hat

WooooW

Thx xhomerx
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