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

[HairyMaclairy]

1) Seems a bit of a difficult to prove assertion regarding either who is the "harder bull" or agreeing to "harder bull" standards.

I think it’s a fair enough comment.  I don’t have the mental pressure of a stack the size of many others.

[ragnar0k]

 

Old info.  BTC alone is about 196b now.  ~350b total   

...Frankly I am scared, its going full vertical. But adoption is increasing more than ever so really not sure what to think

[Rosewater Foundation]

Time machine this. The halvening is only 3 years away. How many of us will still be hodling their current stash?

[yefi]

Thanks proudhon - you can send the btc to the address in my sig.

Ahem, you know somebody else claimed the prize, right?

This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.

What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.

Quoted

[explorer]

[img]
 

Old info.  BTC alone is about 196b now.  ~350b total   

...Frankly I am scared, its going full vertical. But adoption is increasing more than ever so really not sure what to think

It's not vertical yet.  When it is, its time for another 50-100% push.
  Followed of course by a 60% crash and the choking of all known exchanges 

[TERA2]

[Agapios]

I’m a harder bull than many in this thread.  I have a 5 year price forecast of US$150 - 500k.  The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument.  In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion.  Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors.   So I put the market cap at $2 trillion to $5 trillion after 5 years.  This is without any disruption of the existing market system - ie the value of the US dollar remains much the same.  I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.

I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan.  Looking for black swans is a bit of a hobby.

In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.

Besides your interesting viewpoint, making the highest future price prediction is not what qualifies you as 'a harder bull than many'. Especially during an incredible bull market. Holding on to and accumulating bitcoins, whether it goes up or down (for years), does. Most bulls eventually break and reduce the risk, especially if you have a serious stash.

In short, personally, I'm planning to liquidate half of my BTC stash at the time when the fiat value I will get is enough to allow me to quit my job and pursue an independent career in my field. The other half I will keep, in the hope that BTC will eventually become something much bigger than it already is.

Reminds me of this post ($1200) by former reddit moderator (?) jratcliff63367. And Elwar ($4500). We almost all have our fiat breaking point even on a Bitcoin forum, and I already hate my future self for it. It gets tempting when reducing your holdings by 50% still sets you for life.

To add to the bullish sentiments but as well for the bigger picture, I can recommend reading this article by Miguel Cuneta (Co-founder at Satoshi Citadel Industries (sci.ph): https://decentralize.today/dont-fall-for-the-hype-why-bitcoin-s-10-000-price-doesn-t-reflect-its-true-value-6b42a59fce0a

You sold at 4500 half of bitcoins? was that at time when it went down from 5000 before it 1st reached 5000 ?
Can you give me your thoughts on this, can this be a problem at some point when bitcoin gets bigger and bigger ?

Code:

https://www.rt.com/business/411777-bitcoin-mining-electricity-states-power/

I am not woried to much about bitcoin  hitting the floor, but this article give me some thinking, opened some point of view and possible problem that i didnt saw before (in case if like bitcoin gets 10 times bigger)
My thinking is otherwise bitcoin is still at point where many people still dont even know for it, i am in some middle developed europian country, and i had conversation about bitcoin with like 20 people in last 2 months and only 1 of 20 had some significant knowledge about it, half of them didnt know nothing about bitcoin, so from my point of view i can only see bitcoin going up and up because its getting more and more media coverage and there are so many people who can and will jump in

[lightfoot]

Ah wake up, ATHs on Bitcoin and possibly Litecoin. It's a good morning.

Wonder what will happen today.

[Rosewater Foundation]

Ah wake up, ATHs on Bitcoin and possibly Litecoin. It's a good morning.

Wonder what will happen today.

If someone could pump a fork I haven't dumped yet. That'd be great.

[gentlemand]

Time machine this. The halvening is only 3 years away. How many of us will still be hodling their current stash?

Moi. 2020 is the date I set myself to have a mull over what to do.

[Rosewater Foundation]

Time machine this. The halvening is only 3 years away. How many of us will still be hodling their current stash?

Moi. 2020 is the date I set myself to have a mull over what to do.

Yeah, maybe I should get a job in blockchain to tide me over.

[lightfoot]

I wonder about that: What kinds of jobs in blockchain are there these days? Other than launching one's own coin....

[gentlemand]

Yeah, maybe I should get a job in blockchain to tide me over.

Two and a half years more like. I think you should very slowly sail around your homeland waving at people on the coast until it's time to come back to shore when it's halvenened. Even if it's landlocked. Do not have any communications equipment other than a breeches buoy.

[Rosewater Foundation]

I wonder about that: What kinds of jobs in blockchain are there these days? Other than launching one's own coin....

Nothing legit I'm sure. I'm thinking of the Bruce Fenton/Perianne Boring crowd. Useless hangers-on mostly. It'd be nice to leverage the experience somehow without being a parasite. But fat chance I guess.

[sirazimuth]

Ah wake up, ATHs on Bitcoin and possibly Litecoin. It's a good morning.

Wonder what will happen today.

If someone could pump a fork I haven't dumped yet. That'd be great.

Because a lot of folks in here (myself included)learned a lesson about
dumping too early that other fork I won't mention....

[erre]

This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.

What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.

Quoted

Noted

As stated, I made a special paper wallet for this

1EM8JhDPsvX8maD552WCRvefyyChDcHeE2

[sgk]

[sirazimuth]

This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.

What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.

Quoted

Noted

As stated, I made a special paper wallet for this

1EM8JhDPsvX8maD552WCRvefyyChDcHeE2

Be interested to see if the "confirmed sources" dude follows thru with offer...

[JayJuanGee]

1) Seems a bit of a difficult to prove assertion regarding either who is the "harder bull" or agreeing to "harder bull" standards.

I think it’s a fair enough comment.  I don’t have the mental pressure of a stack the size of many others.

Funny how guys (and sometimes girl), like to attempt to distinguish themselves (as unique) from others.

You seem to be suggesting that having less of a stake (less mental pressures) causes you to be more unbiased...

OMG!!!

[Rosewater Foundation]

Yeah, maybe I should get a job in blockchain to tide me over.

Two and a half years more like. I think you should very slowly sail around your homeland waving at people on the coast until it's time to come back to shore when it's halvenened. Even if it's landlocked. Do not have any communications equipment other than a breeches buoy.

Call me Ishmael.