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

[nioc]

I have no clue.

Hope this helps.

[Wexlike]

I want to see Bitcoin perform in the next financial melt down.

[gentlemand]

I want to see Bitcoin perform in the next financial melt down.

I don't think we'd like how it will perform unless the next meltdown delays itself for a decade or two more.

[JimboToronto]

We have lived through that 4 year cycle a few times already

A few times already when Bitcoin is only 8 years old?

Is my sarcasm meter on the blink or are you just trolling the bears?

 

[Elwar]

We have lived through that 4 year cycle a few times already

A few times already when Bitcoin is only 8 years old?

Is my sarcasm meter on the blink or are you just trolling the bears?

 

Well...a few being 2 

I sat through my $10k investment at $17 (right after the $32 bubble) went down to $2 over the course of 2 years. I sat through the $1200 bubble that came down over the course of 2 years to $180. There could certainly be some correlation between the halving and the price rise. Inflation gets cut in half and we have price discovery to find the new value. Overshooting only leads to a downward price pattern which in turn takes all of these new "get rich quick, FOMO" people that buy bitcoins just because they see dollar signs and makes them run away scared as the price is going down. And after a year of dropping price nobody wants to invest in something losing value ("It could go to 0!"). So it tends to drop below the value due to that type of speculation.

I don't see as big of a drop this time as the last two times though since this "bubble" was rather weak. I think the price will mainly be down in the $2k range, maybe dip under $1k on some FUD briefly before starting a new climb to heights that nobody but McCafee would predict.

You have to admit, zooming out to the 2 year chart the pattern looks all too familiar.

[leowonderful]

We have lived through that 4 year cycle a few times already

A few times already when Bitcoin is only 8 years old?

Is my sarcasm meter on the blink or are you just trolling the bears?

 

Well...a few being 2  

I sat through my $10k investment at $17 (right after the $32 bubble) went down to $2 over the course of 2 years. I sat through the $1200 bubble that came down over the course of 2 years to $180. There could certainly be some correlation between the halving and the price rise. Inflation gets cut in half and we have price discovery to find the new value. Overshooting only leads to a downward price pattern which in turn takes all of these new "get rich quick, FOMO" people that buy bitcoins just because they see dollar signs and makes them run away scared as the price is going down. And after a year of dropping price nobody wants to invest in something losing value ("It could go to 0!"). So it tends to drop below the value due to that type of speculation.

I don't see as big of a drop this time as the last two times though since this "bubble" was rather weak. I think the price will mainly be down in the $2k range, maybe dip under $1k on some FUD briefly before starting a new climb to heights that nobody but McCafee would predict.

You have to admit, zooming out to the 2 year chart the pattern looks all too familiar.

I'm still ready for him to do what he promised in his tweet, though. We don't lose out either way, eh? What we've accomplished in the last few months is impressive nonetheless and I'd be happy with 3000 or 2000 this year.

[JayJuanGee]

You are feeling pretty bold with your lillie thread take over...

'thread take over'? Get over it.

I mean, sure - it's irritating to have to deal with incessant walls-o-text (hint, hint), but it is directly related to the thread topic.

Ok... I will try harder.... . 






























NOT!!!   

[RoomBot]

Youtube bitcoin:

https://www.youtube.com/watch?v=lPcuWC5qmbE

Great, but would be better if he spelled "weak" correctly.  

[RoomBot]

snip

hope to still got  everybody    LIST IS GROWING NICELY   ( hope to be sending BTC soooooon   )

hey micg
I'll take 12/11 please. it's a shoo in.
why? well because its still available and i just took it, thank you!...

*Legendary Analysis

[RoomBot]

Moon was thousands of dollars ago. This is all success and space gravy if you ask me.

AGREED!

Off to Mars.

[RoomBot]

Next ATH will be november 17th. We will need to build a solid base here around 3000-3500 for a while and then when we realize price holds good even without the Chinese we will explode up to the moon

allready taken 17/11....

I'll bite 2017/12/14

Reasoning... It's the second least likely area of time I would pick... and I tend to be wrong.  I'm trying to outsmart it.

I think you're hoping for BTC to outsmart you!

   Good luck either way.

[yonton]

Ill take 12/9 It will hit $6500 and Jamie dimon will cry himself to sleep

[realr0ach]

Nevermind the fact all crypto is designed to centralize, thus invalidating it's entire claimed fundamental value proposition.

You can't centralize money if you lack a money printer + taxation/extortion system.

Bitcoin is an extortion system by design.  If I have a 1 oz gold or silver coin on my table, I can walk down the street and trade it to someone else for goods or services with no middlemen or 3rd party extortion involved.  Bitcoin, on the other hand, has built-in rent seeking middlemen and counter party risk.  You're required to pay extortion demands to miners just to move the coins at all.  That is, if the miners even allow you to move the coins since it's not actually a permissionless system and the miners can be controlled by the govt itself.

The miner extortion problem is exacerbated by the fact that open entropy blockchains will always be low throughput and don't scale, so telling everyone on earth to "use bitcoin" is just promoting extreme usury.  Then you have the fact that the open loop blockchains (PoW - the only one that was able to fool people into make believing they're decentralized) have no purpose since they will centralize anyway.  This means the only possible evolution of ANY of these systems is federated chains run by corporations and govts to enslave you or to trim a few pennies off their overhead for some other mundane system they already run.

There is nothing here in this god forsaken space to benefit mankind or help defend itself from evil jewish bankers.  Anything "blockchain" is completely inferior to silver for store of value, removal of counter party risk, facilitation of financial freedom, privacy, etc.  Most of you have lied to yourselves and others so much about this useless garbage craptocurrency that you now believe your own lies.  Bitcoin is the fucking Ringo Starr of finance.

[RoomBot]

Ringo Starr married Barbara Bach in 1981.



Can you top that?

[Torque]

That guy was like a time traveler from the future

[fabiorem]

Moon was thousands of dollars ago. This is all success and space gravy if you ask me.

No, it wasn't.

It will be when the authorities will be worried about it.

[Torque]

...If I have a 1 oz gold or silver coin on my table, I can walk down the street and trade it to someone else for goods or services with no middlemen or 3rd party extortion involved.

r0ach loves to keep spouting this. Over and over. But he refuses to ever explain how he intends to transact with someone overseas in another country with PMs and avoid middlemen or 3rd party transfer fees. Or even go to Walmart, Target, or Starbucks and buy something, anything with it without avoiding the exchange into fiat via 3rd party (and thus another fee). Or... or... the fkn list can go on forever.

So I guess all a PM coin is good for is... transacting with your neighbor down the street? If Apocalypse cometh?

Well r0ach? We're still waiting. Oh I know, you'll just go scurrying back into your little hole for a while without answer the question. Once again. 

[RoomBot]

That guy was like a time traveler from the future

[sidhujag]

...If I have a 1 oz gold or silver coin on my table, I can walk down the street and trade it to someone else for goods or services with no middlemen or 3rd party extortion involved.

r0ach loves to keep spouting this. Over and over. But he refuses to ever explain how he intends to transact with someone overseas in another country with PMs and avoid middlemen or 3rd party transfer fees. Or even go to Walmart, Target, or Starbucks and buy something, anything with it without avoiding the exchange into fiat via 3rd party (and thus another fee). Or... or... the fkn list can go on forever.

So I guess all a PM coin is good for is... transacting with your neighbor down the street? If Apocalypse cometh?

Well r0ach? We're still waiting. Oh I know, you'll just go scurrying back into your little hole for a while without answer the question. Once again. 

Gold has no MOE or UOA.. its second to fiat. Problem with gold coins which are the only way itd work without IOUs is that the coins were too soft and not only shaving was an issue but durability. Any other scheme requires trust that is nothing compared to his argument that miners centralize blockchain

[moneymaker11]

Any good place to get instant news about btc, like app or twitter? I usually follow the market at bitcoinity, and have done so for years, but most of the time I have no clue why lots of people decide to buy/dump all of a sudden.

Thanks