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

[jbreher]

So, when are we going to hit $1,000,000?

Let's project.  

If we assume the average doubling floor time of 6 months over the last 5 years (including the 2014-2015 bear market):

$20k Aug 2018
$40k Feb 2019
$80k Aug 2019
$160k Feb 2021
$320k Aug 2021
$640k Feb 2022
$1.28MM Aug 2022

Three and a half more years.

If the doubling time persists at 3 months (the approx. average of the last three doublings), then just under two years. Mid 2020.

Wow.

You lot that like to sell your BTC in increments to buy back, take note that you don’t run out.  

Using the numbers above, even should there be no volatility to be harvested (as if), I'm good through 2022.

Hahahahahaha.. jbreher... I don't mean to pick on you or to be stalking you, too much, but are you confessing that you are gonna run out of BTC if BTC prices were to go straight up to $1.28 million?    

I could not really blame you for running out of BTC in that kind of a scenario because seems that no matter what there are going to be some price corrections along the way.. there is almost no such thing as straight up, even going up 5x without a significant price correction wold be quite amazing, but going up from here to $1.28 million would be more than 110x, and surely there would be several pretty decently-sized price corrections in there to help any of us incrementalists to stack up our holdings in order to prepare for BTC price destinations higher than $1.28 million.

Re-read. Through 2022.

[cAPSLOCK]

Such retrace.  Much drop.  Wow.

It can go down to 10350 and bounce.

[explorer]

Such retrace.  Much drop.  Wow.

It can go down to 10350 and bounce.

Up the stairs, down the toilet  elevtor shaft.

[FartBuddy]

Such retrace.  Much drop.  Wow.

It can go down to 10350 and bounce.

Up the stairs, down the toilet  elevtor shaft.

It was bouncing above and below $10k for days during the week. It could be bouncing above and below $11k for days during the coming week.

It was below $8k a week ago, so $10k in seven days isn't so bad.

[BlindMayorBitcorn]

Here we go 'round the prickly pear...She'll break your heart every time.

[Kylapoiss]

Such retrace.  Much drop.  Wow.

It can go down to 10350 and bounce.

Up the stairs, down the toilet  elevtor shaft.

It was bouncing above and below $10k for days during the week. It could be bouncing above and below $11k for days during the coming week.

It was below $8k a week ago, so $10k in seven days isn't so bad.

Not so bad? Quite great actually, even too fast I think. Though the rollercoaster ride is fun and educating at the same time.

[BlindMayorBitcorn]

Such retrace.  Much drop.  Wow.

It can go down to 10350 and bounce.

Up the stairs, down the toilet  elevtor shaft.

It was bouncing above and below $10k for days during the week. It could be bouncing above and below $11k for days during the coming week.

It was below $8k a week ago, so $10k in seven days isn't so bad.

Not so bad? Quite great actually, even too fast I think. Though the rollercoaster ride is fun and educating at the same time.

It's the broken jaw of our lost kingdoms. We're doomed.

[JayJuanGee]

You drunk fuck..have another.  

I clearly spoke of each..well..I clearly implied something about each but I think you misunderstood me. That chart is not a financial graph..its purely about excitement over time. You could say that there is apparent correlation between hype and price but that really wasn't where I was going. Its about when something becomes popular and how long after that fact something useful is developed. I was using the example between the two charts to illustrate how early we really are...still. As far as bitcoin and blockchain..what ever..I get that..they are different. You can yell at me louder if you wish if thats what you want to do tho...

What !!!!!!!
You!!!!!
Talking !!!!!!
About !!!!!!
Willis?!!!!!!



 For some reason, I felt prompted to yell....

 Your subsequent explanation seems to concede that we are in the early stages of bitcoin's adoption; however,  I conclude, to my own health detriment, that your chart seems to suggest that we are past the hype cycle in BTC and all matters are downhill from here.. I can see it visually on your chart.   And, from my perspective, I doubt that we are going downhill from here whether we are talking about hype or we are talking about adoption, or we are talking about development or we are talking about financial.

[hv_]

I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.

It's not even worth discussing. A forkcoin more or less signed into existence by an agreement of a few commercial enterprises and kept alive by a single conglomerate through the use of dubious tactics...

That was aimed at the handful of bcash supporters/sympathizers here. Are you reading all this jbreher?  

Yep. I simply do not agree that Bitcoin Cash is centralized any more than Bitcoin Segwit in any meaningful way. I realize that there is an oft-repeated narrative that Ver and Wu have made every significant decision in regards to Bitcoin Cash, but this view is utterly ignorant bullshit. And if all y'all would venture outside of this echo chamber of a walled garden, you'd likely realize that latter point as being the truth of the matter

You expect way too much from biased ppl. It is a very hard task to get over the typical position talk most investors are trapped into after they ve done a similar hard decision to invest. It is getting into a cult state and such forum cannot help out much here....

[jojo69]

[rolling]

It is a little mind boggling that anyone would sell during the weekend knowing they could sell for 10-20% more on Monday. Can a bear explain the mentality?

[Ibian]

It is a little mind boggling that anyone would sell during the weekend knowing they could sell for 10-20% more on Monday. Can a bear explain the mentality?

Most people are not super cool trading geniuses like you. That goes for high rollers too.

[PoolMinor]

[imghttps://i.imgur.com/UElSNKh.jpg[/img]

Yeah, but who would believe a story like that from a dead guy?

[jojo69]

hmmmmmm

NoScript detected a potential Cross-Site Scripting attack

from https://www.coinbase.com to https://h.online-metrix.net.

Suspicious data:

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[Karartma1]

That was a usual Bitcoin drop: I see the Stamp high was $11300 and the low $10333. The 10K mark represents the trench: I think if we go lower that we might be in trouble.
Enjoy your Sunday

[HairyMaclairy]

Care to explain Jojo?  I’m not inclined to click the link.

[Arriemoller]

It's also quite sad that financial literacy isn't being taught in schools, not even electively. And it could be easily taught in playful ways that anybody could pick up on too.

Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading.

Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments.

People think their careers will save them, that they will never end and their wages will always be increasing to take care of their current and future debts.

Until their career doesn't.

My personal favorite book on this subject is "The richest man in Babylon" https://en.wikipedia.org/wiki/The_Richest_Man_in_Babylon_(book)

[jojo69]

Care to explain Jojo?  I’m not inclined to click the link.

Yeah, wouldn't recommend it.

It is a huge pile of steaming, stinking, corporate links.

Coinbase is now monetizing their customers data.

This is the first time my scrypt blocker has triggered on coinbase.

[rafanadal]

from 11.2 k to 10.2k
nooooo 

[rafanadal]

I hope we don't go below 10k again.