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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 56 (34.6%)
$50K - 106 (65.4%)
Total Voters: 162

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25375947 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. (157 posts by 13 users deleted.)
jojo69
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1/21000000 , the only math you need to know


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December 28, 2018, 05:15:50 PM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.
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Last of the V8s
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Be a bank


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December 28, 2018, 05:20:30 PM

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins



I understand this argument (to a degree), but I am not sure what would be the impetus for such a transition?
5-10 years: I cannot see it providing that there is no massive debt default.
50-100 years: maybe, if the path is right.

can we settle on somewhen in between?
the impetus comes from increasing scarcity of coin and increasing awareness of that emission schedule
jojo69
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1/21000000 , the only math you need to know


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December 28, 2018, 05:26:13 PM


wrap

criptix
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December 28, 2018, 05:27:34 PM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Fusion!
Biodom
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December 28, 2018, 05:30:02 PM
Last edit: December 28, 2018, 05:41:12 PM by Biodom

Coinbase released some new account rules.
https://www.coinbase.com/legal/user_agreement?locale=en-US

Pledges not to hypothecate customers' btc.
Anybody noticed something new/important?
kenzawak
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December 28, 2018, 05:38:36 PM
Merited by VB1001 (1)

Good article, I would like to read the original of WSJ Wink

WSJ: Bitcoin Trading at Strong Correlation with Gold as Traditional Investors Step In

https://cointelegraph.com/news/wsj-bitcoin-trading-at-strong-correlation-with-gold-as-traditional-investors-step-in?

There you go :

https://outline.com/LmstEG

Full article, for free.
jojo69
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1/21000000 , the only math you need to know


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December 28, 2018, 05:45:18 PM


Fusion!

no roads where we're going Marty

Paashaas
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December 28, 2018, 05:48:40 PM

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation  Kiss

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/
VB1001
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<<CypherPunkCat>>


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December 28, 2018, 05:58:34 PM

Today the green dildo again coincides with the closing of futures. Roll Eyes
d_eddie
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December 28, 2018, 06:10:26 PM

Need to see it get a bit bigger on the daily
kenzawak
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December 28, 2018, 06:12:24 PM

CME Futures closing today.
Reminder, prices tend to go crazy (up or down) in the hours surrounding expirations.

Torque
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December 28, 2018, 06:17:54 PM

BTCMILLIONAIRE
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December 28, 2018, 06:40:35 PM



I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)
The quote is talking about potentials. You are talking about what "is". Gold has a history spanning millennia. Hence your argument doesn't make sense until at least an isomorphically equal amount of time has passed during which Bitcoin could have distributed. That amount of time will be lower than for gold due to the amount of people alive now vs the amount of people alive in the past as well as developments in infrastructure (hence isomorphic).

But as is it doesn't make sense to compare the level of current decentralization of gold vs Bitcoin.
kenzawak
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December 28, 2018, 06:47:24 PM

The year in numbers :

https://breakermag.com/its-not-all-about-price-cryptos-year-in-numbers/
DeathAngel
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One of the world's leading Bitcoin-powered casinos


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December 28, 2018, 06:48:34 PM
Merited by JayJuanGee (1)

Would be good to break $4,000 again & consolidate there. $3000’s seem very low & surely whales are accumulating here. These are cheap coins if you have lots of spare fiat.
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December 28, 2018, 06:55:35 PM

Yay! The shorts are having a rektoning
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December 28, 2018, 07:32:12 PM

Spike Spike spiiiiiiike it UP
BTCMILLIONAIRE
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December 28, 2018, 07:38:36 PM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.
Does that analysis factor in fusion eventually becoming economically viable or not?
byebyehi
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December 28, 2018, 07:55:09 PM

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation  Kiss

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/

Don't be stupid , its planned for the future.  BCH has only been around for about a year.
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December 28, 2018, 07:57:06 PM
Merited by bones261 (1)

Well hello you..

Bounced hard off resistance at the $4.1k level. The consolidation at the mid point of the previous rally might indicate an attempt to climb another rung in the ladder upwards.
1h


4h



In the longer term things look fairly exciting. My most pessimistic projections indicate bitcoin should at least double in fiat price over the next 12 months or so. Remember, remember the 5th of November.
W

#stronghands2019
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