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

[JayJuanGee]

Wouldn't surprise me if BTC hits $25K within 36 days (early 2018) let alone 365.

A year maybe, a month? No Fucking way. And if it does, expect a correction. Talk about going vertical...

Why don't we speak in relative terms rather than absolutes?  Look at the 30-day percentage; it's usually 60+ percent.  In recent months, we've seen it close to 100%.  If it's going to $25k, it wont take a year.  At 10% average monthly increase, $25k comes in 8 months and that would be quite sad considering the current rates of adoption - almost a let down IMHO.

I would not say that it is "sad" or a "let down" if the upward's exponential price curve became more gradual, but it just does not seem to be too realistic.  

In other words, currently we are experiencing a kind of steep upwards curve, and it is likely not to become significantly less steep until we, at least experience some kind of blow -off top.. Which could be a doubling, tripling, quadrupling or even a 10x within a very short period of time..few days to a few weeks.

Here are the confirmed sources
-snip-

You forgot the tea leaves and phrenology.  

And numerology, like JJG likes to accuse me of..

Hahahahaha...

Yeah...  A few months ago, you had a little blow up with me regarding my repetitive numerology accusations directed towards you, and soon thereafter, you have not been employing such "confirmable" BTC price dynamic "predictive techniques"...


Maybe that is why recently BTC prices have been going up so drastically?

because You are off of your previous habitual conspiratorial accusational game plan?           Perhaps?   

[Spaceman_Spiff_Original]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one  .

[TERA2]

Looks like doge wants to break out.

[hv_]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

Cool - these Tabs might be empowered by AXA or BS patented ?

 

Looks very good prepared.

[ghandi]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one  .

What did i miss? What is a "Bitcoin Tab"?

[HairyMaclairy]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.  It was really clever for Coinbase to announce that Bcash would be released but delayed for 3 months.  Because you have these thousands of Coinbase customers whose Bcash is locked up so they can’t sell.  So they turn into desperate shills trying to prop up the price and we have to listen to their drivel for months on end. And of course only the dumb ones would leave their coins on Coinbase during the fork like that anyway, so they are particularly susceptible to populist bullshit stories like the Flippening.

By now some have been doing it for so long they actually believe their own press.

Well played.  

[HairyMaclairy]

Looks like doge wants to break out.

https://youtu.be/GqMNUPx3MJM

[BitcoinBunny]

The UK and the European Union are going to "regulate" Bitcoin.
That's right boys, we are all criminals.

Also if you kiss a girl or boy under the mistletoe this year you could be done for rape here in the UK, even though we barely have enough police to stop terrorism, theft or robbery.
Good job!
However if you are Harvey Weinstein or Kevin Spacey it's fine.



http://www.telegraph.co.uk/news/2017/12/03/bitcoin-crackdown-amid-fears-money-laundering-tax-dodging/

[TERA2]

Just pay your god damn taxes.

[BitcoinBunny]

Just pay your god damn taxes.

Tell that to Mr Zuckerberg, Jeff Bezos, Google, Philip Green and Lewis Hamilton.

[jbreher]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.   

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

[mestar]

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.

Are you aware of the feedback loop that exists between bitcoin price and how much it spends on electricity?

[Lopumbo]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

We'll conveniently ignore that one   .

What did i miss? What is a "Bitcoin Tab"?

Ignore it.  It’s just Bcash shilling.   

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

Not only that, even Blockstream Core developers advocate to use LTC or Dash for transactions, its hilarious
Bitcoins best days are over, currently average joe is jumping on the wagon (not understanding anything of its limitations) so i'll expect a max 2x increase by 2018

[savetherainforest]

Adam Back weighs in on how Bitcoin can be used in commerce: https://www.youtube.com/watch?v=BGfPEZRkn6o

Nice!!! A tab... ... Cheers to that!!! Good man!!

Let it be!!! Make it SnOw!!! Let is SnOw !!!


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

[HairyMaclairy]

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

I don’t intend to debate you while you play dumb. If you want to be a Bcash bag holder, I will happily take your money like I did from the S2X kids.

[Rosewater Foundation]

?

I what way can a clear statement by Adam Back -- CEO of Blockstream -- be construed as "Bcash shilling"?

?

I don’t intend to debate you while you play dumb. If you want to be a Bcash bag holder, I will happily take your money like I did from the S2X kids.

+1

[JayJuanGee]

Just looked into ZeroHedge. It's trash.
http://www.zerohedge.com/news/2017-12-01/signs-market-top-pole-dancing-instructor-now-bitcoin-guru

How is it trash?  The article mirrors the majority of people in this thread perfectly.  People like Jimbo and Jay Juan Gee don't have the comprehension or even care if bitcoin is decentralized or not, they just buy them anyway and pray their get rich quick scheme dice roll works.

Likely both Jimbo and Jay Juan Gee (Hey that's me?  go figure!!!) are already really fucking rich beyond expectations, even if bitcoin were to suffer from a 80% correction... which is also NOT too likely at this particular point.

furthermore, likely both Jimbo and Jay Juan Gee (that name is beginning to sound familiar) sufficiently understand various fundamentals of bitcoin as compared to a large number of other cryptos in order to distinguish bitcoin from the other cryptos, whether that is decentralization and/or other bitcoin distinguishing features, related to various networking effects.

Even though there is likely variation in the level of bullishness or bearishness of various WO readers, I doubt we can lump a large majority of WO participants in one category - and even was a bit of a stretch to attempt to describe some similarity between two folks, one of whom I have a decent amount of familiarity.

[xhomerx10]

Try to ignore him Jay.

[Phil_S]

How much is that Rolex?  

[savetherainforest]

How much is that Rolex?  

U'r like that kid that has seen a post card with a ranch and wants to buy the cow.