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

[Torque]

bitcoin gold is so outdated, there is already bitcoin silver under development: https://cointelegraph.com/news/bitcoin-silver-wants-to-make-bitcoin-decentralized-again-amid-more-2x-rejections

This constant forking farce is just getting more comical by the minute. The state actors are getting so desperate now to slow or stop Bitcoin's stampede of growth, they will try anything. They are losing. Bitcoiners can see through the charade.

[P_Shep]

I prefered it when people created their own altcoins.

I don't like all these personal forks 

[ghandi]

I think it's just en vogue in the moment. But BitcoinCash and BitcoinGold showed that one cannot simply take over bitcoin. Segwit2x will fail too.

So after these events i'm not really concerned anymore. On the other hand one may argue that people like BitcoinGold Devs which premine their coin while still forking from Bitcoin in a clever way get rich.  But that business plan probably can't be repeated forever.

[vroom]

bitcoin gold is so outdated, there is already bitcoin silver under development: https://cointelegraph.com/news/bitcoin-silver-wants-to-make-bitcoin-decentralized-again-amid-more-2x-rejections

This constant forking farce is just getting more comical by the minute. The state actors are getting so desperate now to slow or stop Bitcoin's stampede of growth, they will try anything. They are losing. Bitcoiners can see through the charade.

I will buy bitcoin tinfoil as soon as it is available

[Imbatman]

bitcoin gold is so outdated, there is already bitcoin silver under development: https://cointelegraph.com/news/bitcoin-silver-wants-to-make-bitcoin-decentralized-again-amid-more-2x-rejections

Is this being underwritten by Roach?

[rjclarke2000]

I can only imagine what the price is going to be 3 years from now. Post halving.

[gembitz]

$7000 close ~ this is it >.> this is ittttttt
=========> cho0cho000 :-D booooooommm./^

[LFC_Bitcoin]

I can only imagine what the price is going to be 3 years from now. Post halving.

This time next year after the halving Rodney, we’ll be millionaires

[Torque]

I can only imagine what the price is going to be 3 years from now. Post halving.

Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that.

[LFC_Bitcoin]

I can only imagine what the price is going to be 3 years from now. Post halving.

Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that.

Which would of course make many of us rich AF. Personally I’ve always looked at around 2021 as my get out point (75% sell off maybe).

Fingers crossed guys.

[micalith]

Looks RSK is coming with an ICO pre sale in december this year.
Decky: "they are going to create tools to make porting from Ethereum network over to Bitcoin seemless for existing coins"

So what do you think guys? Bullish? The Eth killer??
An ICO on Bitcoin. Do you like it or not??

RSK doesn't actually improve the difficulties in writing decent smart contracts. They're still going to be fraught wih most of the same problems for a while. I expect that a safer smart contract platform is more likely to be the winner.

[bifle]

I can only imagine what the price is going to be 3 years from now. Post halving.

Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that.

Which would of course make many of us rich AF. Personally I’ve always looked at around 2021 as my get out point (75% sell off maybe).

Fingers crossed guys.

$10K/BTC in late 2020 ?  It seems to be a worst case of the worst case, regarding the evolution of bitcoin.... 
   $10K/BTC is expected for next year, isn't it ?

[rjclarke2000]

I can only imagine what the price is going to be 3 years from now. Post halving.

Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that.

Which would of course make many of us rich AF. Personally I’ve always looked at around 2021 as my get out point (75% sell off maybe).

Fingers crossed guys.

To be honest, becoming a millionaire in pounds sterling by 2021 is not too far fetched. What a ride.

I think I am passed the point where I could sell my stash. The thought of not owning btc is horrible.

I think a 60-75% sell off is not too extreme. My real goal would be to be able to buy property etc with bitcoin in my area.


Edit. I hope JJG sees this post as I have put in some percentages for him.

[rjclarke2000]

Few beers at 10k LFC?

[bitcoinPsycho]

I can only imagine what the price is going to be 3 years from now. Post halving.

This time next year after the halving Rodney, we’ll be millionaires

dont be a plonker . will take 2 years

[conspirosphere.tk]

it's all fault of the japs if I don't get my correction soon:



and the fail in FUDding:

[LFC_Bitcoin]

Few beers at 10k LFC?

Yeah definitely, WHEN we get there we’ll meet up half way between where we live.

[600watt]

I can only imagine what the price is going to be 3 years from now. Post halving.

Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that.

Which would of course make many of us rich AF. Personally I’ve always looked at around 2021 as my get out point (75% sell off maybe).

Fingers crossed guys.

i also always thought that a decent "exit-strategy" is important when it comes to bitcoin. lately, though, i began to question this. when bitcoin reaches $20k, it is so well established that everyone wants bitcoin. thus, much more vendors, online shops and other folks will accept it.

the multiyear downtrends that bitcoin has suffered are the reason for the "exit-strategy" thinking. and of course, that would just be a temporary exit to buy back more btc when the downtrend is over.

[Torque]

I think I am passed the point where I could sell my stash. The thought of not owning btc is horrible.

I think a 60-75% sell off is not too extreme. My real goal would be to be able to buy property etc with bitcoin in my area.

Although you guys can do what you want, I would really encourage you to think differently. First, selling even a half million $$ worth of bitcoin would incur a HUGE tax penalty right off the top. You took all the risk with your own money, so why would you give your tax agency 40% of all of your gains? It's free money you just gave them.

Secondly, yearly inflation is way higher than most govt's published figures. In the U.S. the actually yearly inflation rate is probably between 6-7%, with spikes in certain goods and services upwards of 9-10%/year. And inflation is rising globally and will continue to get worse and worse. Is your yearly income consistently increasing by that much every year to compensate for this? I highly doubt it. It would have to increase by that much at a minimum every single year until you retire (age 65) just to keep up. And the reality is that citizens' wages will continue to stay flat or even go down in the coming decades.

Bottom line, $500K fiat in 2020 will be only worth about $250K of purchasing power in 2035. So holding large amounts of fiat is ill advised. You want your purchasing power to stay flat or increase over time, not decrease. Holding bitcoin long term will beat the snot out of future inflation. Personally for me there is no "exit strategy", I will continue to buy and hold as long as Bitcoin is around, and only spend what I need to live day-to-day, month-to-month, etc.

And if you want to own a house or land, it would be smarter to only liquidate enough bitcoin for a sizable down payment, and then get a really good low fixed rate 30yr loan for the rest. Bitcoin's yearly returns would handily beat, actually crush any 3-4% yearly interest on the loan. Plus both the house/land AND your left over bitcoin would both be increasing in value relative to fiat while you were still making loan payments.

[AlcoHoDL]

Although you guys can do what you want, I would really encourage you to think differently. First, selling even a half million $$ worth of bitcoin would incur a HUGE tax penalty right off the top.

Secondly, yearly inflation is way higher than most govt's published figures. In the U.S. the actually yearly inflation rate is probably between 6-7%, with spikes in certain goods and services upwards of 9-10%/year. And inflation is rising globally and will continue to get worse and worse. And citizens' wages will continue to stay flat or even go down in the coming decades.

Bottom line, $500K in 2020 will be only worth about $250K of purchasing power in 2035. So holding large amounts of fiat is ill advised. You want your purchasing power to stay flat or increase over time, not decrease. Holding bitcoin long term will beat the snot out of future inflation. Personally for me there is no "exit strategy", I will continue to buy and hold as long as Bitcoin is around, and only spend what I need to live day-to-day, month-to-month, etc.

And if you want to own a house or land, it would be smarter to only liquidate enough bitcoin for a sizable down payment, and then get a really good low fixed rate 30yr loan for the rest. Bitcoin's yearly returns would handily beat, actually crush any 3-4% yearly interest on the loan.

Exactly this!

Just spend as much as you need for your living expenses. I do not have a desire for super-expensive purchases. I already have a decent house and car. I was never interested in luxurious stuff. Not my style. I just want financial freedom and the ability to do what I want, not what others want me to do (day job). Once this is achieved, I'm happy.