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

[Hueristic]

Well, if it's infinite it won't be worth anything. That's Economics 101.

No it's not, that is a common misconception, deflationary emission can create security as well as lower volatility. There is no reason a currency should not restore lost or destroyed coins except to create a system that creates rarity of those coins and that is a SOV type system which has not been proven to be secure as of yet.

Standard economic models do not apply to crypto as they do not take the cost of the security of the currency into account.

Yes they do, they apply to everything that can be bought and sold.

Not those in "Economics 101"

https://bitcointalk.org/index.php?topic=5090427.msg49266991#msg49266991
theymos answered some of our Grin musings ... and more

thanks for the link.

[mindrust]

Repost of a classic chart (source unknown):

If this graph is real shiieet. Prepare to wait 3-4+ years to see $10k+ again. Now I feel like shit. From $200 to $20k was the best chance I ever had and I've seen it coming 7-8 months before it happened (when it was around $1500) and yet I didn't do much about it.

Now I have to get older for another 5 years.  

[LFC_Bitcoin]

Repost of a classic chart (source unknown):

If this graph is real shiieet. Prepare to wait 3-4+ years to see $10k+ again. Now I feel like shit. From $200 to $20k was the best chance I ever had and I've seen it coming 7-8 months before it happened (when it was around $1500) and yet I didn't do much about it.

Now I have to get older for another 5 years.  

I think that chart is miles off how it will play out to be honest. I’m no expert, far from it but it’s way too conservative timescale wise.

[LFC_Bitcoin]

Repost of a classic chart (source unknown):

If this graph is real shiieet. Prepare to wait 3-4+ years to see $10k+ again. Now I feel like shit. From $200 to $20k was the best chance I ever had and I've seen it coming 7-8 months before it happened (when it was around $1500) and yet I didn't do much about it.

Now I have to get older for another 5 years.  

[El duderino_]

^
that graph is really looking ugly MAN delete it from our minds

[El duderino_]

https://twitter.com/maxkeiser/status/1085568737267408903

[bitserve]

^
that graph is really looking ugly MAN delete it from our minds

I could live with it.

[Last of the V8s]

https://www.reddit.com/r/Bitcoin/comments/agoh7c/we_are_blockstream_and_we_beam_bitcoin_down_from/ space. Ask us anything!
live

[ðºÞæ]

The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.

Have fun forking into oblivion.

No question there will be a fork when backward compatibility stops and another when the 21 mil limit changes to endless.
You end up with endless coins and fork after fork.

Bitcoin SV sticks Hardcore to 21 mil limit and peer to peer a logical and sensible backup.

[mindrust]

^
that graph is really looking ugly MAN delete it from our minds

I could live with it.

I mean it is still a good graph, at least we know at some point we'll see it above $100k but fuck man I wish it was going to happen sooner not 5 years later. That graph is very similar to the graph I follow and it also pretty much says the same thing:
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

We are at least, I can't stress this enough, AT LEAST, 3 years away from the next ATH and this is if everything happens in the same time frame like it happened between 2014-2017 Dec. And it is not going to because the bowl will be wider.

I guess I can still be happy about it as long as it doesn't go below $2k and stay there forever. Even if we don't see another ATH in the next 5 years, I can be glad that I have this option where I can keep my money away from banks.

Most people don't realize how good this feature is.

[El duderino_]

^the 1year shut down of that BIG SCAM

remember people BUY-BTC be SAFE

[Paashaas]

Snake oil salesman Roger Ver  

I hoped his would change the website into BTC only and starting to promote LN if he really wants to save babies.

Ore perhaps his 1st step back to BTC because bCash isn't going anywhere.



https://twitter.com/PeterMcCormack/status/1085597928482369537

[El duderino_]

^
that graph is really looking ugly MAN delete it from our minds

I could live with it.

if its a sure thing then of-course, and if it plays out that way, yeah i'm on the train so I will ride it ....
just like to have some excitements a I guess we all want
GREEN over GREEN  and all that comes with it IRL fun
the imminent walking around with a smile from ear tot ear (and the constant look of NOW you see F***ing nocoiner N00BS)

[cAPSLOCK]

The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.

Have fun forking into oblivion.

No question there will be a fork when backward compatibility stops and another when the 21 mil limit changes to endless.
You end up with endless coins and fork after fork.

Bitcoin SV sticks Hardcore to 21 mil limit and peer to peer a logical and sensible backup.

Bitcoin SV is a dumpster fire being run by con artists.

BTC will never have more than 21MM coins.  It is quite possibly *the* **absolute** ***MOST*** ironclad part of it's design, and social contract.  Any fork that tries to create more is forking AWAY from BITCOIN just as BSV did (by proxy).

[Raja_MBZ]

Repost of a classic chart (source unknown):

If this graph is real shiieet. Prepare to wait 3-4+ years to see $10k+ again. Now I feel like shit. From $200 to $20k was the best chance I ever had and I've seen it coming 7-8 months before it happened (when it was around $1500) and yet I didn't do much about it.

You:

We are not in a bubble unless we touch 20k$/piece

Also you:

$20k on cex.io



We did it!

You predicted almost the perfect top - and even celebrated the "bubble" (according to your own prediction); So... how's your HODLing going, mate?

[El duderino_]

https://twitter.com/RedditBTC/status/1085610498270351360

[mindrust]

Repost of a classic chart (source unknown):

If this graph is real shiieet. Prepare to wait 3-4+ years to see $10k+ again. Now I feel like shit. From $200 to $20k was the best chance I ever had and I've seen it coming 7-8 months before it happened (when it was around $1500) and yet I didn't do much about it.

You:

We are not in a bubble unless we touch 20k$/piece

Also you:

$20k on cex.io



We did it!

You predicted almost the perfect top - and even celebrated the "bubble" (according to your own prediction); So... how's your HODLing going, mate?

Still Holding. That thread was like I don't know, I felt like a prophet when it just touched $20k and started to go down. I pin pointed the exact top 7 months before and It wasn't me who created this graph, I just saw it was about to break that purple line while it was around $1500 and I said if this shit breaks this line, It is going to hit $20k for sure, and it did. Basically I repeated what the creator of that graph was thinking while drawing it.

It was so perfect, and it still is, and that's why that wide bowl graph (again it is very similar to the graph I follow) is most likely to happen. That's why I still hold and keep buying.

I know at some point we will see it above $100k and I can't afford to miss it.

[LFC_Bitcoin]

I know at some point we will see it above $100k and I can't afford to miss it.

I can’t afford to miss it either & I have no intention of selling a large portion of my stash until we see $100,000 per coin.

I won’t sell nothing during the next epic bull run like this time. I’m cool with not selling at $20,000 but I’m not going through another multi year bear market sitting on my fucking hands again.

The next bull run will make my life & probably several generations of my families lives after I’m gone.

[bitserve]

I know at some point we will see it above $100k and I can't afford to miss it.

I can’t afford to miss it either & I have no intention of selling a large portion of my stash until we see $100,000 per coin.

I won’t sell nothing during the next epic bull run like this time. I’m cool with not selling at $20,000 but I’m not going through another multi year bear market sitting on my fucking hands again.

The next bull run will make my life & probably several generations of my families lives after I’m gone.

I won't even sell that much at $100K if/when it ever comes. Just "enough"... and maybe a little more to rebuy on the subsequent bear market.

For some reason talking about $100K makes me (very) uncomfortable. It's like a feelings mix of not wanting to sound delusional (or delude myself) nor "jinx" it. Same feeling about $10K a couple of years ago. I don't take anything for granted... at all.

[HairyMaclairy]

The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.

Have fun forking into oblivion.

No question there will be a fork when backward compatibility stops and another when the 21 mil limit changes to endless.
You end up with endless coins and fork after fork.

Bitcoin SV sticks Hardcore to 21 mil limit and peer to peer a logical and sensible backup.

Bitcoin has already had 100+ forks.  Most die at birth (Bitcoin United anyone?). Some survive and become quasi-legitimate in their own right (Litecoin or Dash).  But mostly the forks have little to no impact and are ignored.