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Question: Price Target for Nov. 30, 2024:
<$75K - 4 (2.8%)
$75K to $80K - 1 (0.7%)
$80K to $85K - 2 (1.4%)
$85K to $90K - 10 (6.9%)
$90K to $95K - 15 (10.4%)
$95K to $100K - 29 (20.1%)
>$100K - 83 (57.6%)
Total Voters: 144

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26732072 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.)
aesma
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July 20, 2023, 04:50:59 PM


There are a lot of BIG actors that are likely hesitating to come into bitcoin, including governments, and can you really imagine that some of the bigger wallstreet players to really be coming into bitcoin, because if they did come into bitcoin with anything higher than a 10% allocation, there is no way that they would not end up moving the BTC prices to the upside in very substantial ways.  With our BTC price movements so far, we hardly see any kind of meaningful entrances into BTC, and I am not going to agree to witnessing any meaningful wallstreet entrances into BTC (in spite of what they are saying) unless we end up seeing BTC prices in the $1million territory.. perhaps in this cycle? 

Otherwise if we are not seeing BTC prices in the $1 million territory, they are not likely meaningfully getting into dee cornz.. in spite of their "talking it up."  And, by the way, $1million is LESS THAN a 15x price appreciation from our already existing ATH... so does not seem to be much if any kind of meaningful stretch of the imagination to consider that bitcoin should fairly easily be able to reach $1million territory in this cycle.. but I still would not give it high odds of happening, even though they are not small odds either.. maybe in the ballpark of 10%-ish to see BTC price in and around (perhaps not breaching) $1 million in this cycle.. so within the next 3 years or so?

Isn't it a bit of a chicken and egg situation ?
infofront (OP)
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July 20, 2023, 04:54:29 PM
Merited by vapourminer (1), Hueristic (1), JayJuanGee (1), HI-TEC99 (1)

Hello friends!

Old poll results:
ChartBuddy
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July 20, 2023, 05:01:19 PM


Explanation
Chartbuddy thanks talkimg.com
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July 20, 2023, 05:46:13 PM

Hello friends!

Old poll results:


Hi Buddy..!!
Seeing this, we can say for sure that the BULL market will start in 2024.,,, 🐂BTC
(HoDLBTC)

cygan
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July 20, 2023, 05:57:43 PM

ChartBuddy
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July 20, 2023, 06:01:22 PM


Explanation
Chartbuddy thanks talkimg.com
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July 20, 2023, 06:14:24 PM

Quote
Another interesting BTCBTC  mining metric is the cost value of each TH/s installed by each BTCBTC  a miner as a proportion of the Enterprise Value less BTC hodl.
are should be taken as some of the BTC  miners have additional revenue streams, some of which are highlighted below.
Source
Richy_T
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July 20, 2023, 06:31:11 PM
Merited by Hueristic (1)



Yes, you could buy Teslas with Bitcoin for about 3 days. Musk pussed out though.
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July 20, 2023, 06:43:50 PM
Last edit: July 20, 2023, 07:20:47 PM by Gachapin
Merited by JayJuanGee (2)

Interesting


.... I’m not sure if after this cycle there will be any larger players left to continue it after Wall Street, so I would recommend taking a little off the table whenever we do peak, likely around Q3 of 2025.

No big players being left, would mean that all most large players need to get in heavily during 1-2 years or so.  I don't see that happening, even if an ETF gets approved.  And after Wall Street the next round would be countries building BTC reserves... apart from El Salvadore I don't see many moving into that direction either.
So I think after the next cycle peak there will still be enough big players that have't gotten in yet.
Of course there could be other reasons for demand drying up, but probably not the case that all big players are already in.
  
(Btw we haven't even taken into account that BTC can function as a blackhole sucking money out of almost any other investment there is in the world (gold, overvalued real estate and stock market, etc))


Actually, "taking a little off the table whenever we do peak" is great advise but isn't it difficult for you to identify when it happens before your eyes? If not please do me favor and let us know, when you see the cycle peak. Thanks Smiley

Bitcoin_people
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July 20, 2023, 06:44:26 PM



Wow Amazing..
Good news..
People will spend bitcoins to buy it.
 
ChartBuddy
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July 20, 2023, 07:03:26 PM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
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July 20, 2023, 08:03:26 PM


Explanation
Chartbuddy thanks talkimg.com
AlcoHoDL
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July 20, 2023, 08:03:42 PM
Merited by El duderino_ (10), Hueristic (1)

Pointless post, I know, but...

Sick & tired of $29xxx - $31xxx. Come on, Bitcoin, do something, blah blah blah...

Seeing $4xxxx in the summer/autumn will be something. I won't dare dream of ATH this year. Don't mind it coming in 2024 (as it will).

Life is good, but can always be better.

The 2024+ cycle will be major, even life-changing, for many of us. HoDL strong WOers, we're getting there!
Gachapin
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July 20, 2023, 08:24:45 PM

Pointless post, I know, but...

Sick & tired of $29xxx - $31xxx. Come on, Bitcoin, do something, blah blah blah...

Seeing $4xxxx in the summer/autumn will be something. I won't dare dream of ATH this year. Don't mind it coming in 2024 (as it will).

Life is good, but can always be better.

The 2024+ cycle will be major, even life-changing, for many of us. HoDL strong WOers, we're getting there!

when compared to the previous cycle, it could well be that we stay in range for another year... but I mean a broader range like 20k-40k.
Hueristic
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July 20, 2023, 08:27:25 PM

Hello friends!

Old poll results:


Shit, I forgot what I voted in the last one! Cheesy

Upside for sure on this one.

*Pretty sure it was 2023
ChartBuddy
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July 20, 2023, 09:01:22 PM


Explanation
Chartbuddy thanks talkimg.com
Bd officer
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July 20, 2023, 09:28:34 PM

#Bitcoin  
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July 20, 2023, 09:41:35 PM
Merited by xhomerx10 (1), aesma (1), Gachapin (1)

ChartBuddy
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July 20, 2023, 10:01:18 PM


Explanation
Chartbuddy thanks talkimg.com
Gachapin
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July 20, 2023, 10:14:03 PM



when throwing kids in a grinder is the happy end ...




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