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

[BiteMyShinyMetalAss]

call me crazy but I believe over next 72 hours we will test 3200 or come close again to it. then from there we will have an epic rise again. ETH hardfork could be the catalyst to change things over next 3 days.

Next 24 hours are crucial!

[BTCMILLIONAIRE]

Wall Observer thread
has turned towards poetry.
Capitulation.

A little late to the party but I heard this one recently:
Haikus are always
Heptadekasyllabic
Exactly like this.

Though I don't think the party will even start until $3200, and then it could go either way.

So meta.

[itod]

call me crazy but I believe over next 72 hours we will test 3200 or come close again to it. then from there we will have an epic rise again. ETH hardfork could be the catalyst to change things over next 3 days.

Next 242400 hours are crucial!

FTFY

[El duderino_]

if we where in SCI-FI

and there is an offer to watch 1 day in the future (whenever day you wish, just to see where BTC stands)

how much would you offer to pay for that and how far would you wanna look ?

10 Bitcoin for December 2021.

thats a ver reasonable pick
and depending on one's HODL, I guess it may cost very very much of it in %'s of that HODL amount

[El duderino_]

Hey good fellas help us build the wall.

brick by brick build wall
bitcoin user-count grow's big
shall we wall observe?
 

Dollar by dollar at 3570.

mmmm many hours since I saw 3570....
climb BTC climb dammit

[kurious]

Today in Krakow
Tomorrow trip to Auschwitz
Thinking about Roach

Been there and it's sobering. 

I did it so I could look fucks like roach in the eye and say 'have you even been?'. 

The banality of evil is the truth... and good men saying nothing is what allows it to prosper.

[Cassius]

Today in Krakow
Tomorrow trip to Auschwitz
Thinking about Roach

Been there and it's sobering. 

I did it so I could look fucks like roach in the eye and say 'have you even been?'. 

The banality of evil is the truth... and good men saying nothing is what allows it to prosper.

The sheer scale of it is hard to grasp. Then you see an individual pigtail or shoe.

[Cryptotourist]

if we where in SCI-FI

and there is an offer to watch 1 day in the future (whenever day you wish, just to see where BTC stands)

how much would you offer to pay for that and how far would you wanna look ?

Maybe i already did; here it is (for free):

I saw bitcoin at $605,000 in 2029

The setup of my "time machine"

The number of people in US with wealth over $5 mil (5-millionares) is increasing (1997-2015) at 11.35% a year.
https://www.statista.com/statistics/300451/us-millionaire-households/
Assuming the same rate of increase between 2015 and 2019, now there are about 2.09 mil 5-millionares in US and 5.067 mil in the world (US seems to be at around 41% roughly).
It is unlikely that btc would cause statistically significant increase in total number of 5-millionares, therefore the variation from expected number should not differ by more than 5%.
in 2029 total number of 5-millionares is expected to be 14.847 mil with 6.135 mil in US.
5% variation from 14.847 is 0.74mil. therefore, not more than 0.74 mil btc owners would be 5-millionares.
It is fair to assume that btc-derived 5-millionares would have the vast majority of their wealth from btc alone, otherwise they would be in regular 95%.
the statistics below suggest that about 0.75 mil btc owners have minimally 7.44 btc
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95

Therefore, assuming that 90% of btc-owners wealth come from btc and not more that global 5-millionares would come from bt wealth in 2029
the numbers indicate 4.5 mil value (90% of 5 mil) for 7.44 btc, making it about $605,000/btc.
The distribution of btc suggests that
therefore, no more

Loved your analysis. I'll have another drag of that hopium bong please!
....paf pif pang wang....

Price sounds about right, at the end of the longest to that date known bear market, fueled & set for the 2030 new ATH.
Source: 2059 - 50 year Anniversary BTC Almanac.

[vapourminer]

Does nobody keep their coins in their passphrase protected wallet.dat

I’ve never had any issues. I only use that laptop to store my coins. Never had a problem, I do no other tasks on it, it helps that I’m not an idiot who clicks suspicious links & downloads movies/torrents etc.

I’ve seen some sad stories on here over the years of people losing their life savings, it’s neaely always major user error though. People downloading bogus Electrum wallets, trying to claim shit coins etc.

i keep an amount of btc on the core wallet on my daily driver pc which is on 24/7. its the same original wallet i created in 2011. never compromised. and its been on the windows os. so about 8 years on a windows computer thats always on and always connected to the net.

just need to not be an idiot when it comes to your computer. no torrent/cracked software etc. just common sense stuff.

but with safer options available theres no reason to keep all your coins in it. i moved most to paper a long time ago, only keep small amounts on it.

EDIT it is of course backed up to the point of absurdity. if all copies get destroyed the world will be in such bad shape it wont make any difference.

btw if your still running it in non deterministic mode (as i do) make sure you backups are always recent as in that mode change addresses are limited.

[El duderino_]

BOB add a price NOW!!!

Four thousand dollars.
We thought we found a bottom.
Have some lube ready.

Haha Nice

Write it down in the thread

[El duderino_]

BOB add a price NOW!!!

Four thousand dollars.
We thought we found a bottom.
Have some lube ready.

$4,000 when? I need this to come true so I can believe in this bottom being in and I can look at pictures of bottoms.

Think i never saw you .... making a guess @ a thread...
Maybe your lucky

[stoat]

What are the hats in aid of?

[Majormax]

I hate to say it

Isn't this what most here are expecting anyway?

Possibly, but the thought of that upsets many posters, and I am not here trying to be negative (or positive), but merely to offer my own opinion, FWIW,  of realistic scenarios.

Another 2 years of unfulfilled hopium on WO does not fill me with joy, but maybe there is not much else to say.

[gentlemand]

Possibly, but the thought of that upsets many posters, and I am not here trying to be negative (or positive), but merely to offer my own opinion, FWIW,  of realistic scenarios.

Another 2 years of unfulfilled hopium on WO does not fill me with joy, but maybe there is not much else to say.

Nothing much until 2020/21 fireworks feels like the most optimistic scenario to me. But also far too predictable. Surely it's not that predictable.

What are the hats in aid of?

The pursuit and enchantment of pussy and/or cock.

[Last of the V8s]

What are the hats in aid of?

They're all ripple shills. They seem to get everywhere nowadays.

[Last of the V8s]

cept for me. trx is the only crypto in use today
fact

[bones261]

What are the hats in aid of?

They're all ripple shills. They seem to get everywhere nowadays.

IN XRP WE TRUST!

[kurious]

if we where in SCI-FI

and there is an offer to watch 1 day in the future (whenever day you wish, just to see where BTC stands)

how much would you offer to pay for that and how far would you wanna look ?

10 Bitcoin for December 2021.

thats a ver reasonable pick
and depending on one's HODL, I guess it may cost very very much of it in %'s of that HODL amount

I have been enjoying a very good evening of fine wines, so I enjoyed the fun of you prompting some fantasy crystal ball thinking.

I should probably think of paying more, but what holds me back is the (not necessarily rational) view that if the result showed that the price was around what it is now, I might kick myself.  

If I found out for sure it was going to be as high as I expect, it would be amazingly cheap foreknowledge, a fantastic opportunity.  I'd simply sell all the liquid assets I have, borrow to the hilt and buy WAY more than I already am right now. Who wouldn't?

To be honest, this week I have already started buying.  Certainty would be the only thing that would increase it, as I have already started buying what some might deem reckless amounts.  Within a couple of weeks I should have all all the BTC back I sold in Dec '17 and some. This is a risk/ benefit assessment based upon my gut feeling - which has more often than not been a good idea, as it is the same gut feeling that got me into Bitcoin in the first place. However, it is not a guaranteed thing.  

Knowing it was 'a cert' would mean an insane frenzy of buying all I possibly could. Of course

[Biodom]

if we where in SCI-FI

and there is an offer to watch 1 day in the future (whenever day you wish, just to see where BTC stands)

how much would you offer to pay for that and how far would you wanna look ?

Maybe i already did; here it is (for free):

I saw bitcoin at $605,000 in 2029

The setup of my "time machine"

The number of people in US with wealth over $5 mil (5-millionares) is increasing (1997-2015) at 11.35% a year.
https://www.statista.com/statistics/300451/us-millionaire-households/
Assuming the same rate of increase between 2015 and 2019, there are about 2.09 mil 5-millionares in US now and 5.067 mil in the world (US seems to be at around 41% roughly).
It is unlikely that btc would cause statistically significant increase in total number of 5-millionares, therefore the variation from the expected number should not differ by more than 5%.
In 2029 the total number of 5-millionares is expected to be 14.847 mil with 6.135 mil in US.
A 5% variation from 14.847 is 0.74mil. Therefore, not more than 0.74 mil btc owners would be 5-millionares.
It is fair to assume that btc-derived 5-millionares would have the vast majority of their wealth from btc alone, otherwise they would be in the regular 95%.
The statistics below suggest that about 0.75 mil btc owners have minimally 7.44 btc
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95

Therefore, assuming that 90% of btc-owners wealth come from btc and not more than 5% of global 5-millionares would come from btc wealth in 2029,
the numbers indicate $4.5 mil value (90% of 5 mil) for 7.44 btc, making it about $605,000/btc.

Loved your analysis. I'll have another drag of that hopium bong please!
....paf pif pang wang....

you forgot to look at the starting line of discussion.
it starts: "If we were in sci-fi..."
The rest follows.
Kapish?
Just a nice playful weekend spirit, sorry.

[Biodom]

What are the hats in aid of?

To some, hats epitomize the reverse-(sans-culottes) of the 21 century...
To others, it's like a club.
To the rest, it is just a fun meme.

Make a choice of what it is to you.