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

[Traxo]

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?

How about ~100%?

[1714931240]

1714931240

[1714931240]

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[Spaceman_Spiff_Original]

1% adoption of bitcoin is 100% of what I expected in a good scenario. Most national currencies are used by less than 1% of the world. The idea of a whole world that uses bitcoin is a fantasy.

Why would it be a fantasy?  Usage of national currencies being largely confined to their own nation seems only logical, bitcoin being unable to be used worldwide seems illogical.

[Toxic2040]

This conversation is getting further and further into the ungrounded speculations... I say whoaza to all of it...

daily users = peeps who have held or used $1k of bitcoin over the past year   - 14 million peeps

recently fomoed - perhaps only $100 of bitcoin or more in the past year  - 45-70 million peeps  (that is just amazing speculation to assert)

total number "exposed" whatever that means (they heard about bitcoin - 700 million peeps .... OMG... you are grasping, and who cares about the 700 million who heard about bitcoin, they have not yet acted in any kind of material way, and if you really ask them to describe bitcoin, they have more than a 95% chance of getting it wrong in a large way and not having any kind of clue about how to get started or even having any motivation to get started.

I will agree with you that it is going to be amazing to get these 10% to onboard, but good luck accomplishing that in the next 5 years.

Can you provide a source for 14 million daily users?  Was that on the FoMO peak day?

I  believe that Toxic really did justice to "toxic" this time, and perhaps it was hallucinogenic mushrooms?

Did I miss the speculation part of this thread? That is what we are doing is it not? I am just extrapolating data as I see it JJG. I am far from a expert so you cant take it for what it is.
As of last year however there were up to 5.8 million unique bitcoin addresses...so  I guess the numbers are off if you think all the normies have full nodes. I highly doubt it myself, most dont even know what a node is. I would say most keep their corns insecurely on exchanges or phone apps. What do you think the adoption rate has been over the last few months? I feel like its increasing dramatically..people I havent talked to in ages are calling and asking about bitcoin. My sister for crying out loud called me not a week ago and asked if I could help her understand bitcoin. WAKE THE FUCK UP!

Here is a study Cambridge University did last year, so I cant confirm its veracity. How ever it does have some interesting data that I qouted above. I am purely speculating when I say 14 million but when dealing with exponential increases by the time you realize it is upon you its already happened.
https://web.archive.org/web/20170410130007/https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf

Anyway..back to my cave.

[Icygreen]

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

[LFC_Bitcoin]

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

Same here, I don’t trade. Just a long term HODLER, obviously nice to see the price go up though.
Also I can’t go a day without checking the price either, even when I’m on holiday I check it multiple times a day.

I’m currently waiting for the entire blockchain to sync on a new laptop so I can move my coins out of my current laptop & claim all the shitcoins (minus BCH, BTG & Bitcore, already had my wicked way with those).

[bitcoinPsycho]

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

I think we all have a problem here

[El duderino_]

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

Same here, I don’t trade. Just a long term HODLER, obviously nice to see the price go up though.
Also I can’t go a day without checking the price either, even when I’m on holiday I check it multiple times a day.

I’m currently waiting for the entire blockchain to sync on a new laptop so I can move my coins out of my current laptop & claim all the shitcoins (minus BCH, BTG & Bitcore, already had my wicked way with those).

same here convinced of beeing a long ....very LONG time hodler but still cannot see a day without multiple times checking the price ... maybe its not the best but for sure it ain't not the worst as well

[TERA2]

Well there goes the future of money.

[fragout]

Well there goes the future of money.

Don't panic . This is pure manipulation led by some bitstamp traders. They are walling up after each sell off and forcing the price down.

[Phil_S]

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

I managed to ignore the price for a while, back in 2015...  

P.S. Are we below 11k again? Always something's happening these days.

[LFC_Bitcoin]

Maybe the price is staying in this range because most of the newcomers since December bought between 15-19k range. There's a big percentage waiting to break even and perhaps exit after realizing that they don't have the stomach for volatility. Whales may be teasing the price to an "acceptable Loss" range before an eventual retest of the ath. Who knows when that'll be but I suspect it'll be when nobody longer believes it can get there again. Rinse and repeat to new ath perhaps.

I wish I could go more than half a day without checking on price. And I don't even trade so it's of no consequence to me other than excitement of a pump or btfd.

Same here, I don’t trade. Just a long term HODLER, obviously nice to see the price go up though.
Also I can’t go a day without checking the price either, even when I’m on holiday I check it multiple times a day.

I’m currently waiting for the entire blockchain to sync on a new laptop so I can move my coins out of my current laptop & claim all the shitcoins (minus BCH, BTG & Bitcore, already had my wicked way with those).

same here convinced of beeing a long ....very LONG time hodler but still cannot see a day without multiple times checking the price ... maybe its not the best but for sure it ain't not the worst as well

How are we supposed to not check the price when some of our & our families & their families long term futures are in this thing

I think mid 2021 is when we’re going to be struggling not to sell a large % for HUGE profits.

[Dakustaking76]

And again were not possible to go above €9500...


Damn big hodlerrrr are messing with us

[Totscha]

And again were not possible to go above €9500...


Damn big hodlerrrr are messing with us

We went up way too soon and way too fast. There needs to be some serious consolidation before we can even dream of going back up again.

[LFC_Bitcoin]

Let’s save the suicide for another day guys - we’re only down about $500 in 24 hours.

[bitserve]

Well there goes the future of money.

Are we poor again?

[DeathAngel]

Well there goes the future of money.

Are we poor again?

[pacman7331]

Well there goes the future of money.

Are we poor again?

It dropped to the MA 50, didn't yet break the upward trend out of 5800... but it's close to doing so according to my trend line it's around 10800. RealRoach? We're expecting a visit.

We just dropped through the Bollinger band so it's a good time to buy.

[Phil_S]

I think mid 2021 is when we’re going to be struggling not to sell a large % for HUGE profits.

I hit 50 in mid 2021, it's probably a good milestone to retire and start a new life. Selling 10-20% at that time would be easy, no struggles at all. But 3.5 years is a long time to wait. Meanwhile, life is hard, and I haven't traveled anywhere for 9 years.

[HairyMaclairy]

It will bounce.  This is like a mini capitulation.

[Last of the V8s]

It will bounce.  This is like a mini capitulation.