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Question: What year will we achieve a new ATH?
2019 - 50 (30.7%)
2020 - 64 (39.3%)
2021 - 34 (20.9%)
2022 - 8 (4.9%)
2023 - 2 (1.2%)
Never - 5 (3.1%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21183003 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
Neo_Coin
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May 31, 2018, 05:06:26 AM

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savetherainforest
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May 31, 2018, 05:09:35 AM


I'm patient, and I will keep waiting for the price to be falling. Smiley
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May 31, 2018, 05:14:00 AM

Remember the good ol' days when this was the place to find out wtf was happening with the price?

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May 31, 2018, 05:38:40 AM
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The next three bitcoin halving's will be epic.
  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.

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May 31, 2018, 06:07:20 AM
Last edit: May 31, 2018, 06:37:24 AM by BobLawblaw

http://archive.is/TUMER

Quote
BLOOMBERG: Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals
By Eddie van der Walt
Wednesday, May 30, 2018 16:56:59

-Drop below average price for last year could send it falling
-Price heading for $2,800 by the end of the year, Day says

Bitcoin’s in a world of pain, again.

The biggest cryptocurrency has renewed its flirtation with the $7,000 price level. The slide has helped to also send other digital assets into retreat, with Ethereum, Ripple and Litecoin all lower on Wednesday.

Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions. The hype surrounding last year’s hottest asset class have faded in 2018, with fewer online searches and more pressure for regulators, with technical analysts saying the decline replicates the pattern seen following the collapse of the Mt. Gox exchange four years ago.

“The emotions are no different from the last time this happened, it’s just a different set of people going through it,” said Paul Day, a technical analyst and head of futures and options at Market Securities Dubai Ltd. “We could go down a long, long way.”
Bitcoin on Friday dropped below its average over the previous 252 days, roughly equal to the number of trading days in a year. This could mean that the next leg lower is already underway, with the price heading for $2,800 by the end of the year, Day said.

EDIT: I know the above is pure FUD, and although BTC is currently priced below a level I would like to optimally sell at, I'm starting to consider cashing out another fair chunk around $7,500 if shit doesn't start trending upwards in the next few weeks. "Just get the pain over with" so to speak, and put the rest of my stash into cold storage until after 2020. I'm not considering it as "weak hands", just thinking pragmatically and what is best for my mental and financial health. Again, $11,500 is my "optimal" exit number, but, yeah, this whole Zen thing I'm working on is teaching me more to live "in the moment/now", and the more I think about "the now" vs "the future - which is uncertain", I could dump a chunk at these levels and find peace in the decision. We'll see how things play out, but looks like we're headed on a nice bull-run at the moment...
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May 31, 2018, 06:12:26 AM

I love the smell of bartpwards moves in the morning.
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May 31, 2018, 06:47:22 AM



The next three bitcoin halving's will be epic.
  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.


neat data! not sure if its yours, but it would be nice to have a 2019/2020 and maybe even later inflation ("predicted")

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May 31, 2018, 07:18:44 AM



The next three bitcoin halving's will be epic.
  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.



I don't agree with point 3

Yes in the "early days" coins were lost but I don't think that this is an issue today apart from some edge cases.
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May 31, 2018, 07:40:52 AM


For the market to grow like we all hope it will, regular people are going to have to come in droves.  You can bet that more coins will be lost.
Matthew Mellon was rumored to have $1 Bill worth of XRP.  He died last month and apparently his family have been unable to recover the funds.
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May 31, 2018, 08:37:53 AM



The next three bitcoin halving's will be epic.
  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.


neat data! not sure if its yours, but it would be nice to have a 2019/2020 and maybe even later inflation ("predicted")


Well Bitcoin halves again in 2020, so it be 3,x until then. Fours years at 1.6%ish then 0.8%ish and so one. Litecoin halves in 2019 then its 3.3ish and will always be 3 years (1007 days ) behind. You cant beat it unless you cheat or apply some kind of trickery. Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin which has the same kind of tail emission just different numbers "100%" was in 2015 and is now 10k reward indefinitely. Ripple and Stellar operate like fiat and release to favorite market conditions. Play the market as company's do. Ethereum no one knows its now 100M the original story that there will be 92M clearly is not correct. How long is a piece of string? Can you make money on Zchash or other alts, of course thats what trading markets are for, to increase your net worth. Where will you park it wealth fiat lose ~2%, gold lose ~1% land which has various amounts of land tax or Bitcoin.
It is still accumulation stage.
I am just about to en-devour on a 2000 km drive in case some shit happens my coins are gone for good, no one could access them.

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May 31, 2018, 08:45:25 AM
Last edit: May 31, 2018, 09:04:07 AM by marcus_of_augustus

For the market to grow like we all hope it will, regular people are going to have to come in droves.

No, this is wrong. Current fiat (or any asset) wealth is not distributed evenly across the population, in fact it is well-documented and heralded as being increasingly concentrated in fewer and fewer hands. By this reason alone, relatively very few have to come to bitcoin to replace fiat as the dominant wealth storage and measurement mechanism.
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May 31, 2018, 08:58:59 AM

Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin

AHAHAHA

Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold".  That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!!

...just kidding, all PoW coins function as Ponzi schemes in practice because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction.  The only way PoW can function is if there's only one coin, no altcoins, and no competing (yet even more centralized) alternatives like PoS.  This is all related to the fact as I've said 5000 times before that there is no valid Schelling point in craptocurrency, unlike precious metals of silver and gold because nobody can create a new silver in their basement.
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May 31, 2018, 09:24:29 AM

  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.


You made a very common mistake.  The bitcoin emission rate is already better than fiat if you look at historical rates of base money creation. Comparing new bitcoin creating with dollar price inflation is apples and oranges. So the reality is even rosier than you think.
Other than that, nice data summary.
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May 31, 2018, 09:27:43 AM

http://archive.is/TUMER

Quote
BLOOMBERG: Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals
By Eddie van der Walt
Wednesday, May 30, 2018 16:56:59

-Drop below average price for last year could send it falling
-Price heading for $2,800 by the end of the year, Day says

Bitcoin’s in a world of pain, again.

The biggest cryptocurrency has renewed its flirtation with the $7,000 price level. The slide has helped to also send other digital assets into retreat, with Ethereum, Ripple and Litecoin all lower on Wednesday.

Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions. The hype surrounding last year’s hottest asset class have faded in 2018, with fewer online searches and more pressure for regulators, with technical analysts saying the decline replicates the pattern seen following the collapse of the Mt. Gox exchange four years ago.

“The emotions are no different from the last time this happened, it’s just a different set of people going through it,” said Paul Day, a technical analyst and head of futures and options at Market Securities Dubai Ltd. “We could go down a long, long way.”
Bitcoin on Friday dropped below its average over the previous 252 days, roughly equal to the number of trading days in a year. This could mean that the next leg lower is already underway, with the price heading for $2,800 by the end of the year, Day said.

EDIT: I know the above is pure FUD, and although BTC is currently priced below a level I would like to optimally sell at, I'm starting to consider cashing out another fair chunk around $7,500 if shit doesn't start trending upwards in the next few weeks. "Just get the pain over with" so to speak, and put the rest of my stash into cold storage until after 2020. I'm not considering it as "weak hands", just thinking pragmatically and what is best for my mental and financial health. Again, $11,500 is my "optimal" exit number, but, yeah, this whole Zen thing I'm working on is teaching me more to live "in the moment/now", and the more I think about "the now" vs "the future - which is uncertain", I could dump a chunk at these levels and find peace in the decision. We'll see how things play out, but looks like we're headed on a nice bull-run at the moment...


Be strong bob. At least wait for this daily wedge to play out and hope it breaks to the upside. Wont be long now either way.

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May 31, 2018, 10:00:06 AM

Quote
BLOOMBERG: Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals
Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions.
Wait what? Bitcoin closed? New York? Sessions? Are they talking about futures, or does this editor just not know what he is talking about?
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May 31, 2018, 10:21:18 AM

Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin

AHAHAHA

Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold".  That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!!

...just kidding, all PoW coins function as Ponzi schemes in practice because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction.

Sorry had to quote this one. This proves that you're an idiot r0ach, as no miners are going to switch over to a dead coin that no one is buying or transacting with. So you think that zombie coins buy themselves now?
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May 31, 2018, 10:39:28 AM

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May 31, 2018, 10:45:14 AM

Oh boy looks like the rally is back and wait was that a mother fucking bear trap yesterday?
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May 31, 2018, 10:48:18 AM
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May 31, 2018, 10:53:55 AM
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