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

[JayJuanGee]

[edited out]

At first I'm sorry for my broken English in my last reply, when I read it, I sounded like a drunk guy  

I had not noticed.  I was mostly reading for substantive points, anyhow.

I will call you a contradictory Charile, why ? Read those two sentences from your reply

"however, I still think that another 2x is a bit much to expect in the coming year or so."
"so yeah, I can see another 65% to 7x price increase in the coming year (I mean beyond our current ATH of $19666)"

I'm sorry, I made a typo there.  I had meant to refer back to your 20x assertion, and I accidentally typed 2x.  I went back and fixed that in my original post because I had really meant to say 20x.  I am glad that you caught that.   

I don't prefer we do another 20x as I will really be afraid from a serious bubble and NO, we are not in a bubble now, we are in a S-adoption curve as well as S-price curve.

I agree with both of those assertions.  Yes....

So in essence you are admitting, if we did happen to do another 20x, that would likely be a kind of "blow off" top that would likely end up in a kind of prolonged period of correction... Maybe we are kind of on a similar page, here, but I am kind of thinking that anywhere between another 4x and 7x price appreciation within the next year would be a "blow-off" top too, and anything beyond 7x would be beyond any kind of reasonable expectations that I could conceive.

There was an simple analysis made by a friend of mine on twitter talked about topping the S-curve at $2.4m which makes sense although it can go beyond that figure when we go past that point, why would it stop there ?

I hope that he is not referring to a 1 or 2 year scenario because 2.4m in that kind of timeframe would be in the territory of absolute insanity, and personally, I would think that a 2.4m scenario would be quite difficult to achieve before 2024-ish.... not impossible, but quite a bit in the "slim chance" arena.

What you didn't get from me is that in 2017 we made nearly 20x, and IF we make another 20x we will be at $400K and my predication is at $100K which is simply 5x, can't we do ONLY 5x next year ?

O.k.  Perhaps, I read too much zealousness in your earlier response, and sorry that was my wrong interpretation.  I do think that $100k is more possible in 2018 - but even that seems a bit on the difficult to achieve scenarios.. probably less than 25%, but surely much more achievable than $400k.

Also, yeah, we already know that bitcoin has tendencies to outperform expectations, so surely I doubt that either of us are locked into our current prognosis, because, for example, if, in the next six months, events unravel in one direction or another that is outside of expectations, then those events could also cause a need to tweak price predictions for the subsequent six months or so.

Don't underestimate the power of the institutional money and still the mainstream is far away from Bitcoin, yes they are hearing about it, but not acting towards it yet.

EXACTLY!!!!!   Those are two factors that remain BIG in this whole influential formula... Let's continue to monitor these factors, and I surely find these two factors to be quite exciting and also ongoingly difficult to quantify with any kind of precision.

[jojo69]

At first I'm sorry for my broken English in my last reply, when I read it, I sounded like a drunk guy  

I like this guy already

in other news, Bitcoin; slow, expensive, and annoying...just the way I like it

https://tomluongo.me/2017/11/16/the-foundation-of-the-next-cryptocurrency-bull-market/

Over time the market will decide how much of a true free-market economy should hold as its reserves a pool of real savings versus at-risk liquid capital.

We don’t have this now in the ‘real world’ because central banks distort risk assessment through the manipulation of interest rates, the cost of money.  They do this to minimize the amount of savings to promote money velocity versus wealth creation.

[Arriemoller]

Is there still a chance bitcoin breaks ath before the new year? Is CME, CBOE and other old financial company traders trying to kill bitcoin's growth slowly?

Perhaps 38.6317928%-ish?  hahahahaha.... more conservative charlie from me?

JJG, are you on drugs during the holidays? Or just drunk?

[Fakhoury]

[edited out]

At first I'm sorry for my broken English in my last reply, when I read it, I sounded like a drunk guy  

I had not noticed.  I was mostly reading for substantive points, anyhow.

I will call you a contradictory Charile, why ? Read those two sentences from your reply

"however, I still think that another 2x is a bit much to expect in the coming year or so."
"so yeah, I can see another 65% to 7x price increase in the coming year (I mean beyond our current ATH of $19666)"

I'm sorry, I made a typo there.  I had meant to refer back to your 20x assertion, and I accidentally typed 2x.  I went back and fixed that in my original post because I had really meant to say 20x.  I am glad that you caught that.   

I don't prefer we do another 20x as I will really be afraid from a serious bubble and NO, we are not in a bubble now, we are in a S-adoption curve as well as S-price curve.

I agree with both of those assertions.  Yes....

So in essence you are admitting, if we did happen to do another 20x, that would likely be a kind of "blow off" top that would likely end up in a kind of prolonged period of correction... Maybe we are kind of on a similar page, here, but I am kind of thinking that anywhere between another 4x and 7x price appreciation within the next year would be a "blow-off" top too, and anything beyond 7x would be beyond any kind of reasonable expectations that I could conceive.

There was an simple analysis made by a friend of mine on twitter talked about topping the S-curve at $2.4m which makes sense although it can go beyond that figure when we go past that point, why would it stop there ?

I hope that he is not referring to a 1 or 2 year scenario because 2.4m in that kind of timeframe would be in the territory of absolute insanity, and personally, I would think that a 2.4m scenario would be quite difficult to achieve before 2024-ish.... not impossible, but quite a bit in the "slim chance" arena.

What you didn't get from me is that in 2017 we made nearly 20x, and IF we make another 20x we will be at $400K and my predication is at $100K which is simply 5x, can't we do ONLY 5x next year ?

O.k.  Perhaps, I read too much zealousness in your earlier response, and sorry that was my wrong interpretation.  I do think that $100k is more possible in 2018 - but even that seems a bit on the difficult to achieve scenarios.. probably less than 25%, but surely much more achievable than $400k.

Also, yeah, we already know that bitcoin has tendencies to outperform expectations, so surely I doubt that either of us are locked into our current prognosis, because, for example, if, in the next six months, events unravel in one direction or another that is outside of expectations, then those events could also cause a need to tweak price predictions for the subsequent six months or so.

Don't underestimate the power of the institutional money and still the mainstream is far away from Bitcoin, yes they are hearing about it, but not acting towards it yet.

EXACTLY!!!!!   Those are two factors that remain BIG in this whole influential formula... Let's continue to monitor these factors, and I surely find these two factors to be quite exciting and also ongoingly difficult to quantify with any kind of precision.

Regarding the blow-off, I highly guess we've achieved it with the latest bull run FOR NOW. For sure it will occur once and twice in the parabolic trend we are in. And what is happening in terms of the correction, is extremely healthy to continue our bull-run in healthy manners as well.

I agree that we won't see $2.4m before the 2022-2024 but from numbers perspective, when you go higher in value, those high number, although they seem big, but they are mathematically achievable PLUS you are seen by the world eyes that you are serious as heck and the game becomes more and more serious.

Lets take this small example :

From $1 to $50 is a 50x move WHICH IS THE SAME MOVE from $20,000 to $1,000,000, it's just physiological difficult to the human brain to interpret those high numbers and digest them easily.

Don't forget that the G7 central banks and other central banks of all, if not all or most of them, will be buying Bitcoin excessively where some of them already started and this was and will be in the darks but it will reflect on the price no matter what happens due the scarcity of the coin.

I would like you, JJG, to take a look at the following inforgraph and see how we achieved nearly $20,000 without achieving / merely achieving anything in that infograph



Do you see the potential we've left ?

LONG way to go still my dear brother and friend

[Fakhoury]

At first I'm sorry for my broken English in my last reply, when I read it, I sounded like a drunk guy  

I like this guy already

in other news, Bitcoin; slow, expensive, and annoying...just the way I like it

https://tomluongo.me/2017/11/16/the-foundation-of-the-next-cryptocurrency-bull-market/

And I like you as well my friend

You've a great point here, it's extremely bullish that we are those prices and still Bitcoin is slow, expensive and annoying, we are still at a 9 years old technology and we've a plenty of room to expand within.

[realr0ach]

JJG, are you on drugs during the holidays? Or just drunk?

JayJuanGee isn't a person, it's a Google AI bot.  You didn't know this?

[triads]

Regarding the blow-off, I highly guess we've achieved it with the latest bull run FOR NOW. For sure it will occur once and twice in the parabolic trend we are in. And what is happening in terms of the correction, is extremely healthy to continue our bull-run in healthy manners as well.

Retracements are essential to further price gains. It shakes out the weaker hands and holders who were waiting for any excuse to sell. Remove the sellers and it sets the stage for the next climb. The price is already equilibrating nicely around $14,000.

[TERA2]

What are the holidays without drugs and washing them down with holiday spirits.

[bitcoinPsycho]

What are the holidays without drugs and washing them down with holiday spirits.

[Typex]

Lets take this small example :

From $1 to $50 is a 50x move WHICH IS THE SAME MOVE from $20,000 to $1,000,000, it's just physiological difficult to the human brain to interpret those high numbers and digest them easily.

Mathematically they might be a similar move but in reality they are not.

[JayJuanGee]

Is there still a chance bitcoin breaks ath before the new year? Is CME, CBOE and other old financial company traders trying to kill bitcoin's growth slowly?

Perhaps 38.6317928%-ish?  hahahahaha.... more conservative charlie from me?

JJG, are you on drugs during the holidays? Or just drunk?

I puzzle why you assert such?

My behavior is not inconsistent with prior behavior.   I did get a chance to catch up on the thread, and further is my estimated odds for a new pre- New Year ATH out of wack?   truly puzzled, I am.   

[Arriemoller]

I just realized that I forgot to wish everybody a Merry Christmas and a Happy New Year.
So, Merry Christmas and a Happy New Year!!

Now, Santa last evening gave me a new hard drive to replace the one in my old computer that crashed. I have since bought a new computer with Windows 10 installed, and that OS is a piece of shit, it kidnaps my computer for hours and it changes my settings and puts back things that I have removed, and you can't disable updates. And now I have learned that the CPU might spy on me. So that computer is going to be used for mining Bgold instead.

Since there seems to be some computer savvy guys on here I'm asking your advice.
I'm thinking of installing PureOS as my OS on my new hard drive. Are there any issues with that OS? like popular applications not working?

The new shit computer will get a GPU installed (also courtesy of Santa ) and will be used for mining Bgold. I have never mined before and I'm doing it mostly because I want the experience.
I know absolutely nothing about mining and will just follow the steps in the Bgold tutorial without actually knowing what I'm doing.
My question is, does it matter how the computer is connected to the router? Is it enough to use a wifi connection?
Or must I use a cable?

[Arriemoller]

Is there still a chance bitcoin breaks ath before the new year? Is CME, CBOE and other old financial company traders trying to kill bitcoin's growth slowly?

Perhaps 38.6317928%-ish?  hahahahaha.... more conservative charlie from me?

JJG, are you on drugs during the holidays? Or just drunk?

I puzzle why you assert such?

My behavior is not inconsistent with prior behavior.   I did get a chance to catch up on the thread, and further is my estimated odds for a new pre- New Year ATH out of wack?   truly puzzled, I am.   

Not inconsistent, just elevated and accelerated and hyper.

[RoomBot]

I just realized that I forgot to wish everybody a Merry Christmas and a Happy New Year.
So, Merry Christmas and a Happy New Year!!

Now, Santa last evening gave me a new hard drive to replace the one in my old computer that crashed. I have since bought a new computer with Windows 10 installed, and that OS is a piece of shit, it kidnaps my computer for hours and it changes my settings and puts back things that I have removed, and you can't disable updates. And now I have learned that the CPU might spy on me. So that computer is going to be used for mining Bgold instead.

Since there seems to be some computer savvy guys on here I'm asking your advice.
I'm thinking of installing PureOS as my OS on my new hard drive. Are there any issues with that OS? like popular applications not working?

The new shit computer will get a GPU installed (also courtesy of Santa ) and will be used for mining Bgold. I have never mined before and I'm doing it mostly because I want the experience.
I know absolutely nothing about mining and will just follow the steps in the Bgold tutorial without actually knowing what I'm doing.
My question is, does it matter how the computer is connected to the router? Is it enough to use a wifi connection?
Or must I use a cable?

These M/S effers prompted me to voluntarily "upgrade" to Windows 10.  After a day or two, I uninstalled.
Then they freaking tricked me into reinstalling it via auto "updates" a few months later.
USA is a freaking spy state.
Uninstall ASAP!
BTW Windows 7 is OK until you find something better.
Stay away from BCG.

[mr angry]

I just realized that I forgot to wish everybody a Merry Christmas and a Happy New Year.
So, Merry Christmas and a Happy New Year!!

Now, Santa last evening gave me a new hard drive to replace the one in my old computer that crashed. I have since bought a new computer with Windows 10 installed, and that OS is a piece of shit, it kidnaps my computer for hours and it changes my settings and puts back things that I have removed, and you can't disable updates. And now I have learned that the CPU might spy on me. So that computer is going to be used for mining Bgold instead.

Since there seems to be some computer savvy guys on here I'm asking your advice.
I'm thinking of installing PureOS as my OS on my new hard drive. Are there any issues with that OS? like popular applications not working?

The new shit computer will get a GPU installed (also courtesy of Santa ) and will be used for mining Bgold. I have never mined before and I'm doing it mostly because I want the experience.
I know absolutely nothing about mining and will just follow the steps in the Bgold tutorial without actually knowing what I'm doing.
My question is, does it matter how the computer is connected to the router? Is it enough to use a wifi connection?
Or must I use a cable?

These M/S effers prompted me to voluntarily "upgrade" to Windows 10.  After a day or two, I uninstalled.
Then they freaking tricked me into reinstalling it via auto "updates" a few months later.
USA is a freaking spy state.
Uninstall ASAP!
BTW Windows 7 is OK until you find something better.
Stay away from BCG.

Windows 8 doesn't stop working if you don't give it a product key. It just disables desktop backgrounds and reminds you to input a product key every now and then. There's no need to pay microsoft to use it, and you can disable updates. However, you're fucked if a new computer has no drivers available for it and the windows 10 ones don't work on 8.

[Arriemoller]

I just realized that I forgot to wish everybody a Merry Christmas and a Happy New Year.
So, Merry Christmas and a Happy New Year!!

Now, Santa last evening gave me a new hard drive to replace the one in my old computer that crashed. I have since bought a new computer with Windows 10 installed, and that OS is a piece of shit, it kidnaps my computer for hours and it changes my settings and puts back things that I have removed, and you can't disable updates. And now I have learned that the CPU might spy on me. So that computer is going to be used for mining Bgold instead.

Since there seems to be some computer savvy guys on here I'm asking your advice.
I'm thinking of installing PureOS as my OS on my new hard drive. Are there any issues with that OS? like popular applications not working?

The new shit computer will get a GPU installed (also courtesy of Santa ) and will be used for mining Bgold. I have never mined before and I'm doing it mostly because I want the experience.
I know absolutely nothing about mining and will just follow the steps in the Bgold tutorial without actually knowing what I'm doing.
My question is, does it matter how the computer is connected to the router? Is it enough to use a wifi connection?
Or must I use a cable?

These M/S effers prompted me to voluntarily "upgrade" to Windows 10.  After a day or two, I uninstalled.
Then they freaking tricked me into reinstalling it via auto "updates" a few months later.
USA is a freaking spy state.
Uninstall ASAP!
BTW Windows 7 is OK until you find something better.
Stay away from BCG.

Yeah, I had Windows 7 on the old computer before the HD crashed, and it worked fine. But they tried real hard to get me to update to 10, but I resisted.
However for mining only I see no reason to uninstall, if I'm wrong I will definitely try and install Windows 7 if I can find it.

And I'm mining for fun and the experience so Bgold is as good as any other shit coin as I see it.

[smartcomet]

in other news, Bitcoin; slow, expensive, and annoying...just the way I like it

https://tomluongo.me/2017/11/16/the-foundation-of-the-next-cryptocurrency-bull-market/

may diversify some to top 10 altcoins.

[JayJuanGee]

[ edited out]

I would like you, JJG, to take a look at the following inforgraph and see how we achieved nearly $20,000 without achieving / merely achieving anything in that infograph



Do you see the potential we've left ?

LONG way to go still my dear brother and friend

Actually, after our further back and forth, here, it seems that our perspectives are a lot closer than I had originally thought.  We largely agree about many of the material underlying facts, their unfulfilled status that is continuing to contribute to upside bitcoin price potential.

If we disagree about anything, perhaps, it is merely the extent to which we refer to these kinds of potentials in being realized or at least the use of "inevitable" kind of language within our manners of description.

Thanks for clarifying those several points, and I hate to dox you in any kind of way, yet, if you had been investing in accordance with your ongoing bullish perspective, you gotta have more wealth than me?  and I am feeling in pretty decent shape these days.  hahahahaha...  Seems like I hardly even blink at some costs/expenses that I would have previously paused before indulging.  Furthermore, I am kind of considering ways that I can splurge in such ways to negate "money cannot cause happiness" proposals.  Surely, in real life, I was a bit arrogant before, but I have become even more arrogant, and I think that it comes with having more and more "fuck you" money.

It surely is a good feeling, and one that I did not think that I was going to have. 

About 4 years ago, I had a really good paying job, and I had left that job early with some uncertainties regarding whether I would ever (in my lifetime) be able to ever achieve that kind of compensation again, without having to work my ass off in order to achieve the kind of a cushy position that I had.  A couple of weeks ago, I met with one of my ex-co-workers at a social event, and he was kind of presuming that my finances must be much worse than they were prior to my separation from that previous lucrative and cushy job.  I should have held back with my information; however, I could not resist to inform him that in the last 4 years, I had become somewhat wealthy beyond my expectations and that in the past four years, I had made an income that would be more than 10x the total income of that previous lucrative job.  I did not go into details with him, but I did tell him that the profits were from bitcoin.  The more I then spoke with him about bitcoin, I could tell that he did not really know about bitcoin except to hear about how much it had gone up in value in recent times.  Crazy, crazy, crazy, and even 4 months ago, with BTC prices in the $2,600s, I would have been excited, but I probably would not have said anything... It was just on my mind that I am making way more money than what I would have been making with that lucrative job... and very much less pressure and stress than carrying out the duties of such job.

[JayJuanGee]

Is there still a chance bitcoin breaks ath before the new year? Is CME, CBOE and other old financial company traders trying to kill bitcoin's growth slowly?

Perhaps 38.6317928%-ish?  hahahahaha.... more conservative charlie from me?

JJG, are you on drugs during the holidays? Or just drunk?

I puzzle why you assert such?

My behavior is not inconsistent with prior behavior.   I did get a chance to catch up on the thread, and further is my estimated odds for a new pre- New Year ATH out of wack?   truly puzzled, I am.    

Not inconsistent, just elevated and accelerated and hyper.

Perhaps, overly excited because so far this BTC "crash" has not really gone beyond a 43% correction, which was $11,160 on Bitstamp.


Surely, UP is not inevitable, but BTC seems to be quite poised for the new year, and we are still 3-4x beyond my most bullish expectations in this same time-frame.

Anyone else a BTC HODLer and accumulator in this thread, beyond me?  I would think that this thread has lots of folks in really decent BTC positions, and maybe they are remaining silent regarding their excitement - because in the past several days, we have also seen a lot of trolling and bcash shilling going on in this thread too, right?

[RoomBot]

I just realized that I forgot to wish everybody a Merry Christmas and a Happy New Year.
So, Merry Christmas and a Happy New Year!!

Now, Santa last evening gave me a new hard drive to replace the one in my old computer that crashed. I have since bought a new computer with Windows 10 installed, and that OS is a piece of shit, it kidnaps my computer for hours and it changes my settings and puts back things that I have removed, and you can't disable updates. And now I have learned that the CPU might spy on me. So that computer is going to be used for mining Bgold instead.

Since there seems to be some computer savvy guys on here I'm asking your advice.
I'm thinking of installing PureOS as my OS on my new hard drive. Are there any issues with that OS? like popular applications not working?

The new shit computer will get a GPU installed (also courtesy of Santa ) and will be used for mining Bgold. I have never mined before and I'm doing it mostly because I want the experience.
I know absolutely nothing about mining and will just follow the steps in the Bgold tutorial without actually knowing what I'm doing.
My question is, does it matter how the computer is connected to the router? Is it enough to use a wifi connection?
Or must I use a cable?

These M/S effers prompted me to voluntarily "upgrade" to Windows 10.  After a day or two, I uninstalled.
Then they freaking tricked me into reinstalling it via auto "updates" a few months later.
USA is a freaking spy state.
Uninstall ASAP!
BTW Windows 7 is OK until you find something better.
Stay away from BCG.

Yeah, I had Windows 7 on the old computer before the HD crashed, and it worked fine. But they tried real hard to get me to update to 10, but I resisted.
However for mining only I see no reason to uninstall, if I'm wrong I will definitely try and install Windows 7 if I can find it.

And I'm mining for fun and the experience so Bgold is as good as any other shit coin as I see it.

Fair enuf!

Diff'rent strokes for diff'rent folks.
I guess that's why there are 2,000 altcoins.