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

[NeuroticFish]

Apparently there is also some kind of "report" that Fidelity put out a month ago. Have we seen that actual report?  I did not see any link to it in either of those articles.

I've done a search on the news and.. it finally led to this:
https://www.fidelitydigitalassets.com/articles/2021-trends-impact

We therefore wouldn't be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition.

[cygan]

#Bitcoin fixes our outlook on the future

https://twitter.com/LinaSeiche/status/1483136910730092548

[ChartBuddy]

Explanation

[Torque]

[...]

Then he publicly lied (well, or you interpret the facts by publishing unverified information). I mean, coinbase has been focused on working with alternative coins since its inception, not to mention the fact that at the initial stage of development Coinbase was called Bitbank.

Just because you say that doesn't make it true. That's a lie. They were not, and they launched with only bitcoin on their broker platform. Some of us that were around then know that, because we were there.

Stop spreading misinformation.

[ivomm]

Based on Phil_S's notorious chart, I've made three basic scenarios for the next 4 years. (I'm not a PS or chart expert, so if anyone can make better charts, feel free to do it.)

I tried to make a functional prediction based on previous data. The big question is will we face a deviation below the low orange line in the next 4 years. IMO, this may happen for 2 reasons: severe shorting manipulation and adoption levels worldwide above 75%. I highly doubt that the manipulations can hold the price that long and that the 75% saturation point could be reached without breaking 100K.  

So, here are the variants. The blue one is mildly bullish and I find it highly probable to happen. The green is very bullish, but a bit less probable than the blue one. And finally, the pink scenario I find extremely unlikely to happen. It just shows that even in a series of black swan events, Bitcoin will touch 100K until the end of 2025. There might be various modifications of any of the plans, including the pink one: If 100K is delayed so much, only another black swan event can prevent a top above 200K in 2025.

[Torque]

You're contrarian indicator is here, buy buy buy Bitcoin.

Bitcoin's slump could be the start of a 'crypto winter' that sees prices crash, UBS says. Here are three reasons why.
https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-winter-crash-slump-interest-rates-regulation-ubs-2022-1

[ChartBuddy]

Explanation

[cAPSLOCK]

I agree that the Tether fud is, in general, fairly silly.

But I do want to say.. I am also not entirely comfortable with some of the trends I see happening with Tether.

There are lot's of two faced "Bitcoin Maxis" not only cozying up with Tether, but are actually using it via Ethereum at the same time of lambasting Vitalic and all the people on twatter with x.eth after their name.

I see a lot of nuance here.  For example, I think I like the idea of using Blockstream's tether on their sidechain more than Eth for structural/scaling reasons.  But I am still somewhat bothered by the tension between using Tether in place of Bitcoin...  by so many people who have preached the "BITCOIN ONLY" gospel from the beginning.

I consider myself a reluctant Maxi.  Or maybe a Maxi Lite.   And this is not because I love shitcoins.  In fact I hate the fact that we have to have all this noise.  But I think about other crypto projects the way i saw Satoshi consider them as Namecoin emerged etc.  Or in the same way that for a while nullc had a Monero address in his profile here.

The way the cypherpunks might...  with curiosity and an eye towards freedom, as in beer AND speech.

But something just seems wrong about these idealists embracing Tether. 

It bugs me.  But I have not worked through all of it yet, I guess...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Paashaas]

DGAF = Don't Give A Fuck.


https://twitter.com/nayibbukele/status/1483194959989719059
https://twitter.com/Investingcom/status/1482975157023035396

[El duderino_]

[Paashaas]

Based on Phil_S's notorious chart, I've made three basic scenarios for the next 4 years. (I'm not a PS or chart expert, so if anyone can make better charts, feel free to do it.)

I tried to make a functional prediction based on previous data. The big question is will we face a deviation below the low orange line in the next 4 years. IMO, this may happen for 2 reasons: severe shorting manipulation and adoption levels worldwide above 75%. I highly doubt that the manipulations can hold the price that long and that the 75% saturation point could be reached without breaking 100K.  

So, here are the variants. The blue one is mildly bullish and I find it highly probable to happen. The green is very bullish, but a bit less probable than the blue one. And finally, the pink scenario I find extremely unlikely to happen. It just shows that even in a series of black swan events, Bitcoin will touch 100K until the end of 2025. There might be various modifications of any of the plans, including the pink one: If 100K is delayed so much, only another black swan event can prevent a top above 200K in 2025.

Shit needs to hit the fan big time if it goes to sub $10k, massive support lines wil be broken because of it.

It's unlikely it will happen.

[bitcoinPsycho]

[Torque]

I agree that the Tether fud is, in general, fairly silly.

But I do want to say.. I am also not entirely comfortable with some of the trends I see happening with Tether.

There are lot's of two faced "Bitcoin Maxis" not only cozying up with Tether, but are actually using it via Ethereum at the same time of lambasting Vitalic and all the people on twatter with x.eth after their name.

I see a lot of nuance here.  For example, I think I like the idea of using Blockstream's tether on their sidechain more than Eth for structural/scaling reasons.  But I am still somewhat bothered by the tension between using Tether in place of Bitcoin...  by so many people who have preached the "BITCOIN ONLY" gospel from the beginning.

....

But something just seems wrong about these idealists embracing Tether.  

It bugs me.  But I have not worked through all of it yet, I guess...

I can't say I know that much about Tether, as I haven't had any interest in it to look into it too deeply.

Having a stablecoin pin its value on a fiat is already a laughably bad idea. But to back a so-called "stablecoin" without being able to prove that it's actually pegged to the fiat dollar, much less able to prove its pegged to anything at all really, nor to be able to verify who holds it or how much, if the collateral backing it (fiat) is there and accessible 1:1, seems actually far worse than backing digital fiat to me.

And beyond just making day trading easier, what purpose does it serve?

[Tash]

[...]

Then he publicly lied (well, or you interpret the facts by publishing unverified information). I mean, coinbase has been focused on working with alternative coins since its inception, not to mention the fact that at the initial stage of development Coinbase was called Bitbank.

Just because you say that doesn't make it true. That's a lie. They were not, and they launched with only bitcoin on their broker platform. Some of us that were around then know that, because we were there.

Stop spreading misinformation.

btc-e started trading junk on 16/08/11    Start trading in pairs IXC / BTC, IXC / USD, I0C/BTC two years before coinbase was operational, with Bitcoin only

Feb 3, 2011 https://web.archive.org/web/20110203031942/https://www.mtgox.com/ First exchange Bitcoin
May 17, 2011 https://web.archive.org/web/20110517052225/http://coinbase.com/  No trade only Bitcoin name
Jul 20, 2011 https://web.archive.org/web/20110720154216/https://bitmarket.eu/
Jul 26, 2011 https://web.archive.org/web/20110726120745/http://btc-e.com/
Jan 14, 2012 https://web.archive.org/web/20120114174253/https://www.vircurex.com/ (lots of shitcoins from the get go)
Jan 20, 2012 https://web.archive.org/web/20120120102836/https://www.bitstamp.net/
Aug 5, 2013 https://web.archive.org/web/20130805091440/https://coinbase.com/ Seems first trades

Namecoin Launched: Apr 19, 2011
iXcoin   Launched: May 7, 2011
Devcoin Launched: Jul 22, 2011
I0coin Launched: August 15, 2011

[El duderino_]

Btw nothing to see

It’s just a correction in a correction…

#ThisTimeIsDiffrent

[serveria.com]

Good one, but would be more appropriate to place an image of a gorgeous naked woman under the 100k party sign...  

P.S. Brain optional 

[sirazimuth]

..... place an image of a gorgeous naked woman under the 100k party sign...  

P.S. Brain optional  

Hmmm....well I might stay tuned in for the next couple of pages....

(better go get a six pack also)

[ChartBuddy]

Explanation