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

[VB1001]

Study Predicts Bitcoin Could Become Leading Payment System Within Decade

A new report by the software firm DataLight predicted that Bitcoin could become the world's top payment system within the next decade if it maintains its current growth rate.

"In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry," the report found. "Bitcoin's development is occurring exponentially. If it maintains this pace, in another 10 years, it will surpass all competition."

https://www.nasdaq.com/article/study-predicts-bitcoin-could-become-leading-payment-system-within-decade-cm1124775

https://datalight.me/blog/researches/longread/bitcoin-becomes-the-main-method-of-international-payment/

[El duderino_]

^
TYP of the day !!!

[barota]

sell as you can and all your bitcoin
bear marcket does not end , 4800 Unbelievable

[Searing]

$4,883

I’m expecting a test of $4,200. Hopefully, it holds!

Ack! $4,200 ....hurts my eyes! The horror! Ack!

[LFC_Bitcoin]

sell as you can and all your bitcoin
bear marcket does not end , 4800 Unbelievable

[El duderino_]

sell as you can and all your bitcoin
bear marcket does not end , 4800 Unbelievable

no use for you in here ....

[LFC_Bitcoin]

sell as you can and all your bitcoin
bear marcket does not end , 4800 Unbelievable

no use for you in here ....

Put him & gembitz in The Octagon - Fight Until Death!

I will take bets from you guys on who wins

[El duderino_]

sell as you can and all your bitcoin
bear marcket does not end , 4800 Unbelievable

no use for you in here ....

Put him & gembitz in The Octagon - Fight Until Death!

I will take bets from you guys on who wins

just not interested   

[mindrust]

I fomo bought $200 worth of bitcoins today from the $5000 price tag. After all those years, I still fall for this old trick.

I bought some from $15k too after all. $5k looked very cheap compared to that.

[El duderino_]

I fomo bought $200 worth of bitcoins today from the $5000 price tag. After all those years, I still fall for this old trick.

I bought some from $15k too after all. $5k looked very cheap compared to that.

How will they both look in a foreseeable future, thats the real main thing... of-course you absolute don't need no HOPIUM, but still always good to hear

[JayJuanGee]

Weekly Cloud overview. #dyor

#stronghands

This chart would suggest price is likely to stay around $4k (=/- 1k) until June 2020.

I would guess that is not a popular view. Most posters would refuse to believe it.

It also suggests a final wave 5 dip under 3K.

Several of us accept that as a very real possibility.

Especially V8 as one of the "us"es.  His stash depends on it.   

[Toxic2040]

Well..thats quite enough of that I say. Guess $4.8k is about all one can take for now. Take profits when needed and #dyor
1h


Highlighted probability areas adjusted to reflect present data.
W

#weakhands'19

[JayJuanGee]

Weekly Cloud overview. #dyor

#stronghands

This chart would suggest price is likely to stay around $4k (=/- 1k) until June 2020.

I would guess that is not a popular view. Most posters would refuse to believe it.

It also suggests a final wave 5 dip under 3K.

Several of us accept that as a very real possibility.

expect everything and be prepared for everything

No way, Jose!!!!

We should expect a broad range of possibilities, but we are NOT thinking or acting prudently nor reasonable if we expect everything/anything.  That is way too sloppy of an approach.

In other words, some events and outcomes are more likely than others, and we should mostly be betting and preparing for the more likely outcomes within a broad range and including unknowns and unexpected, while not at the same time taking dumb-ass actions, like roach for example, preparing 95% for an Armageddon scenario that has less than a 2 % chance of happening.. In other words (am I running out of "other words" yet?), We should not be putting 95% preparations into less than 2% scenarios, even if it might be within more reasonable acceptance to put 0% to 10%  preparations into less than 2% scenarios (individual variance of course in terms of risk tolerance and hedging comfort levels).

[LFC_Bitcoin]

Moving a bit too fast for my liking. I think we’ll have a correction to mid 4K’s. I’m fine with that, I’m enjoying accumulating.

I want that correction! Buy order ready at $4600:

Increased the buy price, slowly FOMO'ing (literally can't help it ):



EDIT: Seems like I'm not the only one:

I fomo bought $200 worth of bitcoins today from the $5000 price tag. After all those years, I still fall for this old trick.

I bought some from $15k too after all. $5k looked very cheap compared to that.

I bought earlier at over $5,000 
Long term it doesn’t matter as I HODL for dear life but annoying in the short term to buy at a loss now

[BitcoinNewsMagazine]

A time tested, very reliable TA indicator to watch is the daily 200 moving average. If price does not hold $4600 we are back in a trading range. If price tests $4600 and holds there is a chance we are in the beginning of a new bull market. Many momentum traders wait until the 50 MA crosses over the 200 MA to go long. That confirms the new bull market. They may miss out on some profits but the risk is lower and you can set stops tighter.

[Toxic2040]

Testing support at the 0.236 fib
D

#stronghands

[VB1001]

"Bitcoin price by the 210,000 block halving cycles"

https://twitter.com/ChartsBtc/status/1113855239881252864

[JayJuanGee]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

I think that he is just attempting to be an "innovator" in terms of using bitcoin supporting systems.   He is a self-proclaimed "angel" investor, but he is also known to frequently tend towards acting like a  "drama queen."

[bitserve]

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/

The guy's a billionaire and he's taking a mortgage?

I think that he is just attempting to be an "innovator" in terms of using bitcoin supporting systems.   He is a self-proclaimed "angel" investor, but he is also known to frequently tend towards acting like a  "drama queen."

Yup, that's more like it.

Also, what he isn't probably telling is that even if she put some BTC (probably an oversized amount for higher margin) as collateral, he also proved his net worth to the bank. And banks make you sign that even if you stop paying the mortgage and the collateral (the home, the btc, etc) is insufficient, they can go against the rest of your net worth... present and future.

So it is just a publicity stunt. I would like to see some guy with 0 IRL net worth, no income, no anything, but just some BTC stash to get a mortgage using it as the sole collateral (and without being a highly oversized amount of it).

[JayJuanGee]

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

And, get the fuck out of here with your exaggeration that there is no plan in BTC..

OK, JJG. Tell me what the plan is to deal with the fact that once blocks are persistently full, then average fees rise uncontrollably, average wait times raise uncontrollably, LN channel openings and closings get economically prohibitive, and number of new entrants gets hard-capped.

What is the plan, JJG - what is the plan?

Bitcoin don't no need additional plan, especially by some dumb dumb like me (or even you or even Gavin Andresen) trying to outline some kind of future projection about some kind of ideal route forward.. blah blah blah..  because there is nothing broken about bitcoin, even if no additional changes were to happen, and there are market forces in bitcoin, incentives in place, fees adjust and scaling developments as we go.  

Take your technical speculation mumbo jumbo (I am smarter than you technically) phoney baloney to some technical thread, and argue with those technical peeps that know and care about those kinds of things, because bitcoin gives no shits about what I think about its plan in regards to technicalities or lack of a plan in that direction... because I doesn't know nuttin about exactly how everything is going to play out.. except that I know technically knowing folks have been lording over technical nonsense for years about how bitcoin is broken, that is why we have 2,000 shit coins that make bitcoin better on a technical level, yet bitcoin seems to be doing quite well to adjust as she goes.. rather than getting broken with some dumbass BIG blocker emergency "technical" upgrade that does not need to happen because it costs more than it benefits to implement 20 lanes when, so far, we have a 2 lane town.. but we have enough room to add the other 18 lanes later.. perhaps, 2 lanes or 4 lanes at a time rather than all at once when they are NOT needed except based on unsubstantiated technical speculations like you spout out on a regular basis.

Said another way, there is nuttin broken in bitcoin, so stop trying to assume facts that are not in evidence...

bitcoin has been scaling with the increases in usage, and it is likely to continue to accomplish such.

"Go bitcoin go... "

As some "moar reasonable than you" peeps like to say.