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

[Dig Bicks]

via Imgflip Meme Generator

https://twitter.com/misir_mahmudov/status/1085668456614293504?s=21

Conversely, no one questions why fiat has the purchasing power it does. Who sets those prices? How would anyone know if they are just, or fair?

Everyone is a fiat maximalist with their heads stuck in the sand.

USA military sets those prices

[Last of the V8s]

rude

see edit

see v-sign

[jojo69]

what a community 

Will make the $100,000 party all the better 

Where is this being hosted anyway?

Your mom's house.

You, uh, probably don't want to be there.

[d_eddie]

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

Easier said than done.  Good luck with those kinds of core change proposals that you believe to be so potentially malleable.

21 words. No appearance of "seemingly", still with substitutes of sorts ("you believe to be so potentially"). That's some progress. Due where's due. Missing GTFO though.

[Last of the V8s]

https://bitcointalk.org/index.php?topic=5098450.0 grin is now accepted for forum payments
 

edit: gone off grin a bit after reading that. still mining but

[jojo69]

OK which one of you is this?

Jbear is that you?

https://www.zerohedge.com/news/2019-01-16/how-i-made-1-million-bitcoin-and-lost-it-all-again

https://i.ibb.co/4Nh4ff3/4912.jpg

I don't know why I'm replying. But... not. even. close.

I see JB, more like this

[HairyMaclairy]

https://bitcointalk.org/index.php?topic=5098450.0 grin is now accepted for forum payments
 

When Pornhub

[jojo69]

Cylinder Maximalist

 Don't worry, I have a plan for our little friend.  No whitepaper yet but I think those are overkill and cause a lot of unnecessary infighting.



edit: VeeCash! VeeCash! VeeCash!

uhhhhhhh

that's a straight 8

[Last of the V8s]

damn right

[HairyMaclairy]

Cylinder Maximalist

 Don't worry, I have a plan for our little friend.  No whitepaper yet but I think those are overkill and cause a lot of unnecessary infighting.



edit: VeeCash! VeeCash! VeeCash!

uhhhhhhh

that's a straight 8

Is anyone surprised that V8 Cash is engaging in deceptive and misleading marketing practices ?

[d_eddie]

However, IMHO, next bull would probably be the last one (or penultimate) driven mostly by halvings because at some point we would have to transition to a situation where miners make money mostly from tx and not from block mining.

Lest we forget halvings are bound to be non-events soon.
+1 WOsMerit

I think a lot of folks like myself invested/mined when bitcoin in 3 figures.
Then watched their stash balloon to 20k/coin and didn't sell thinking
 "oh it's gonna be 50k in a month or 2 . I'd be foolish to dump it now!!!"
yeah that was me....But still holdinghodeling ..still way up despite the 80% crash.
But damn! I left a shitload of doe on the table.... (I'm not the only one, that's for sure)
No worries... it could be a lot worse.. I pity the grandmas and taxi drivers that bought at 19k.
fomo can be deadly in crypto.

Anyway, as always, as Jimbo says.... GO BITCOIN

Real life bullishness. I raise my half-full glass.
+1 WOsMerit

Repost of a classic chart (source unknown):

This is my take on that chart that infofront posted after some consideration. I think the next peak will be in the 2nd half of '21 in December. If this is any indication then we will have one week between now and mid-summer of fairly extreme volatility that will make a yearly ATL before trending upwards. Many assumptions and a fair amount of bias here so do your own research.

A clear prediction, easy to check for correctness. With the usual graphs (I cut them out). You spoil us by making this thread look as if we were watching prices. I was surprised when I saw you'd become a hero. Could have sworn you were already.

[stadus]

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

[Last of the V8s]

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

Welcome! You'll find we muck about off-topic a lot, but there is some price discussion occasionally. The poll is almost always far too bullish and doesn't represent the predictions people put their names to. Current consensus seems to be that we will drag along this bottom till June or so, maybe with a ghastly stab lower sometime, then begin to grind up very slowly through all the resistance levels.

[slowlyslowly]

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

no the polls are a sport in themselves - roughly the same % always go for the bottom price category and another but different % for the top price category. many of these peop[le i suspect pick the extremes just for fun no matter what they truly believe so the genuine number of true guesses is alot smaller say 60% of the total. Then the ranges in many categories in the middle are quite small comparing how the price drifts around so all in all I think 7 people getting it right is actually ok/normal and says nothing about the peoples vies on future moves (pump or otherwise). but then you already knew that ..............

[stadus]

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

Welcome! You'll find we muck about off-topic a lot, but there is some price discussion occasionally. The poll is almost always far too bullish and doesn't represent the predictions people put their names to. Current consensus seems to be that we will drag along this bottom till June or so, maybe with a ghastly stab lower sometime, then begin to grind up very slowly through all the resistance levels.

Thanks, I'm also bullish but I'd like to think more realistic now, I'm kinda bias with myself although I can feel that price might go lower from it's current range. Maybe it's normal to be bias for long term investor compared to a day trader where they are more realistic as they can make money regardless of the market condition.

You guys are day trading here?

[Bitcoinaire]

Repost of a classic chart (source unknown):

Another thing, the 2010 to 2011 data is not useful. This chart is just bears being greedy at the end of the cycle.

[Biodom]

A historic perspective on the last sharp bottom and a flat afterwards (circa 2015).

1. A post on the very bottom day:
https://bitcointalk.org/index.php?topic=178336.msg10146987#msg10146987
Well, they do panic during bottoms, indeed.

2. A couple of months later some people were already predicting better things (32K, not 20K, but it is close; JJG agreed, BTW):
https://bitcointalk.org/index.php?topic=178336.msg10657883#msg10657883
https://bitcointalk.org/index.php?topic=178336.msg10658020#msg10658020

3. by summer 2015 some gave up hope (for a bull):
https://bitcointalk.org/index.php?topic=178336.msg11561452#msg11561452

4. others are cool... I am looking at you, LFC_Bitcoin:
https://bitcointalk.org/index.php?topic=178336.msg11770952#msg11770952

5. then Stolfi came in to rub it in during September, 2015.

6. Then, the bull suddenly happened.

It might not repeat, but I sure hope that it would rhyme with the last bull.

P.S. i only looked at a few dozen posts or so, randomly chosen, just by jumping between pages. if you had a deep insight during that time about going to 20K in 2-2.5 years, please share.

[Last of the V8s]

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

Welcome! You'll find we muck about off-topic a lot, but there is some price discussion occasionally. The poll is almost always far too bullish and doesn't represent the predictions people put their names to. Current consensus seems to be that we will drag along this bottom till June or so, maybe with a ghastly stab lower sometime, then begin to grind up very slowly through all the resistance levels.

Thanks, I'm also bullish but I'd like to think more realistic now, I'm kinda bias with myself although I can feel that price might go lower from it's current range. Maybe it's normal to be bias for long term investor compared to a day trader where they are more realistic as they can make money regardless of the market condition.

You guys are day trading here?

The day traders I listen to most are constantly battling their pro-bitcoin bias and a lot of them end up trading legacy because it's easier to be dispassionate. Most here are momentum or longer-term traders or pure long-term hodlers and accumulators.
oh and you might need a hat ... they're all obsessed with their hats.
oh and reading your previous posts, you'll get laughed out of court if you say 'xrp is good' round here, unless you meant as a way to increase one's btc stash, which, maybe...

[Toxic2040]

A clear prediction, easy to check for correctness. With the usual graphs (I cut them out). You spoil us by making this thread look as if we were watching prices. I was surprised when I saw you'd become a hero. Could have sworn you were already.

Indeed..it shall become fairly obvious quite quickly I imagine. I will even go so far as to put forth a couple of dates. I believe we will see a dip between April 30th and July 8th. By November 5th you will probably want to be in as much as you can risk. The top of the next cycle will culminate around December 21st, 2021 between $79.5k and $330k. I know these are a broad range of dates and prices but I want you guy's to do some work.

+1 WOsMerit

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

Welcome...thanks for stopping in. The poll is a great source of infomation..it accurately provides proof that only about 5% at the Wall know what the hell they are talking about. Typical in much of society imo.

+1 WOsMerit

Welcome! You'll find we muck about off-topic a lot, but there is some price discussion occasionally. The poll is almost always far too bullish and doesn't represent the predictions people put their names to. Current consensus seems to be that we will drag along this bottom till June or so, maybe with a ghastly stab lower sometime, then begin to grind up very slowly through all the resistance levels.

I cant keep meriting you or they might suspect something..

+1 WOsMerit for the f*ck of it.

no the polls are a sport in themselves - roughly the same % always go for the bottom price category and another but different % for the top price category. many of these peop[le i suspect pick the extremes just for fun no matter what they truly believe so the genuine number of true guesses is alot smaller say 60% of the total. Then the ranges in many categories in the middle are quite small comparing how the price drifts around so all in all I think 7 people getting it right is actually ok/normal and says nothing about the peoples vies on future moves (pump or otherwise). but then you already knew that ..............

+1 WOsMerit

Throwing opsec to the wind I give you an actual image of members of the Wall sitting around the hopium hooka engaged in daytarding.

[jojo69]

You guys are day trading here?

day tarding


with Naboo Randolph Ropitibopiti the Enigma