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

[serveria.com]

JJG, you’re right buddy. I remember very well people saying the halving was priced in before the last halving. Some people never learn do they, we’ll do donuts in our lambos, snort coke & fuck hookers laughing at them

What I am expressing is a kind of reality that occurs when a guy adds money to the formula....

I have already experienced some of that eagerness and willingness to please with my earlier financial status, yet I anticipate more coming my way (along with any guys holding a significant amount of BTC) in the coming years.  Hopefully, you are one of those guys, but if you are not, I don't mind reporting back to you in a couple of years with a kind of blow-job report.  

That is so true. In 2 years hodlers will only worry how to stock up on viagra as there will be a long row of hoes waiting to jump on our cocks  

[dyask]

The bull market came earlier than in 2015, so we cant predict how long will be the current cycle. It could end in 2020 or 2022, despite the halving.

Lol, this is bullshit talk.  When the price of Bitcoin would go from like $200 to $400 in a few days, nobody ever called it a "bull cycle", let alone a "3 YEAR BULL CYCLE".  People called the market exactly what it was back then, a Chinese pump and dump scam that can implode at any second.  Nobody ever made these retarded claims pretending imaginary, valueless tokens in a pump and dump scam are somehow 'guaranteed' a THREE YEAR bull cycle.  The thought is just laughable.

Bitcoin HAS NO PRICE FLOOR.  The bottom can drop out at any second.  It's happened too many times to count.  As soon as it happens, miners shut off turning it into a feedback loop to plummet the synthetic price floor even more.  Cost of production in Bitcoin is recursive based on it's own demand.  It's a self-referencing system.  Cost of production in metals IS NOT recursive.  If zero people wanted to buy gold tomorrow, the cost of production would still be the same.  That's not how Bitcoin works.

There isn't any such thing as a price floor without artificial intervention.  There have been many attempts to create such a thing but none have ever worked without government enforcement.  

Your statement about gold is unbelievably unintelligent.   If no one want to buy gold the price of gold would plunge until there were people willing to buy it.   In fact that has happened many times with gold and other metals!  While gold has physical uses, those simple don't support the highly inflated value currently assigned to it.   Besides it doesn't matter if something is useful is no one wants to use it or buy it.  

Look at the value of your silver!   It was more valuable decades ago than it is now.   The value depends on buyers and sellers, not on physical vs non-physical.

While you are correct that there is a price that could at least temporary cripple BTC and probably cause demand to decease more because of lack of transactions, that is something that can be adjusted.   Miners just need to be able to pay for the cost of mining.   It isn't a complete doom, just a major setback.    Gold on the other hand is absolutely doomed in the long term because there is just too much of it.   Right now supply is limited, unlimited supply will doom the value of it no matter how useful it is.  It will have value but just a tiny fraction of what it currently has.    

[serveria.com]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

This is both interesting but also scaring:

Intresting because there was a lot of debate if the recent price action was due to markets being efficient with people pricing in halving effect before halving actually happening. Public information being incorporated in current market prices is what characterise efficient markets. Something should be granted in a mature market like the one bitcoin begins to be.

This is also scaring because grayscale targets institutional investors. I would have tough this kind of investors had done the basic due diligence of the technology. How can be prepared to invest millions in BTC without even knowing what an halving is?
This is scary. They are ready to invest in something they basically don’t know about.

These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss.  
However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving,  call it the halving period average price.
So thats the potenial of an average price of about $11900 from 2021 onwards!?  

But that only applies if all is as perfect as possible!  I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved)

Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed.

Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market.  $2600 best case scenario or lower probable bottom.

Wow!!!!!   You are so prophetic, jonoiv.

Appears that you still have not given up hope to buy back some of the coins that your dumbass sold at $6k, either at a slight loss in a possible scenario or even at a profit in a better case scenario.

On the other hand, just think about the opportunity cost that you lost, already, including a lot of the stress that you could have lessened if you had not gambled your whole BTC stash (of likely less than .5 BTC) on dumb.

Will talking your book help?  Maybe it will make you feel a little bit better, but I doubt that many peeps reading this thread give you much credibility beyond perhaps some newbie readers who are like-minded wishful-thinking enough to buy into your book-talking FUD spreading attempts.

Have you seen a gambling-addict specialist, yet? or a fantasylandia correction expert, yet?    

I said by the end of the year ( that's also known as Nov/ Dec 2019)   or next year (we will call it 2020),  the price will hit around 2600 / 2500 or possibly lower.

Now do you think after the price dropped 18% in a couple of weeks, im going to revise my target?

You know like last time when i said at 11500k  it will hit as low as 3k, I had moments of bullishness during the long downtreand,  be prepared I may be short term bullish at periods in this drop, But im confident where it's going medium term.  So no matter how you try to be a massive cunt (as always) If you make a prediction (and get it wrong as always) you can always ask the thread starter to delete your posts and edit the replies you were quoted in (as always).

You're a fucking clown with as much credibility as a paedo at a prepubescent pool party.

So fuck off and stop talking your constant BS.  The whole world knows you are really bad at predicting the price, so chooce a diffent thread, something like... (Cunt Observer - JJG's Mirror trackiing & movement thread).

Make it self moderated or you might be shown up as a total fraud.

It's a no-brainer if you always predict dumps, doom and bear market then from time to time you'll also appear to be right.  

I don't always predict dumps.  I was telling people it would recover from 3-4k in Nov Dec 2018 and not to panic.  it did.   Usually when everyone is talking about lambos in 13 weeks im telling ppl it's unrealistic.  and when it drops close to 15% of ATH im telling people not to panic, it will recover.   Pretty balanced view.   I personally think this is part of the elliot wave and we are due to have another low before you can all start the party mood again.   More blood letting is needed imho. 

Really? Perhaps you could quote that post of yours predicting a "recovery from 3-4k and not to panic"?

[VB1001]

Good morning, WO,s

The graph is generating discussion, I like it.

[JayJuanGee]

JJG, you’re right buddy. I remember very well people saying the halving was priced in before the last halving. Some people never learn do they, we’ll do donuts in our lambos, snort coke & fuck hookers laughing at them

What I am expressing is a kind of reality that occurs when a guy adds money to the formula....

I have already experienced some of that eagerness and willingness to please with my earlier financial status, yet I anticipate more coming my way (along with any guys holding a significant amount of BTC) in the coming years.  Hopefully, you are one of those guys, but if you are not, I don't mind reporting back to you in a couple of years with a kind of blow-job report.  

That is so true. In 2 years hodlers will only worry how to stock up on viagra as there will be a long row of hoes waiting to jump on our cocks  

That's what I am saying.   

[nutildah]

Long-winded babble
technical analysis
its monkey bizness

[HairyMaclairy]

I feel like we are coiling for another strike.  Except this time I don’t know if it is up or down.

[LFC_Bitcoin]

I feel like we are coiling for another strike.  Except this time I don’t know if it is up or down.

What will be will be.
I used to panic when we went down significantly, now I shrug my shoulders & use it as an opportunity to buy MOAR cheap coins.

Beautiful day in the UK today, I’m waking up fresh with no hangover. Have a great day gentlemen.

[JSRAW]

[El duderino_]

I feel like we are coiling for another strike.  Except this time I don’t know if it is up or down.

Inject us with Some UP HOPIUM please thx

[LFC_Bitcoin]

I’ve had 0 drinks, 0 drugs. I went to bed about 9pm last night, I’ve been a saint.

[JSRAW]

I’ve had 0 drinks, 0 drugs. I went to bed about 9pm last night, I’ve been a saint.

[serveria.com]

Where's da Sunday pomp?  

[Last of the V8s]

Thanks Mr 8.  I would be delighted to have a beer with you. Oxford looks like it is very doable by train from London so will give you a holler next time I am in the region.

Yes we have all sorts of fancy-pants conveyances nowadays by which the working-classes may travel about the place as if they own it, passing through other peoples' land and yet not paying their toll. The modern world is strange.

Seriously, do also look at coaches when travelling in the UK; they connect particularly well to airports and non-train places.

When you say 'the region' it encourages me that we understand each other. We mean 'nowhere near that region'.

[Last of the V8s]

Where's da Sunday pomp?  

here, but dull as ever

Pomp
🌪 Retweeted
Pomp
🌪
‏Verified account @APompliano
19h19 hours ago

Bitcoin rewards those who are most patient.
113 replies 283 retweets 2,033 likes

who needs pomps when we got poets?

waiting for bitcoin
to dominate everywhere:
a good way to age

[JSRAW]

https://twitter.com/_blockandchain_/status/1137660164700434432

Will do fact check, not sure about couple of dudes, till then enjoy the copy paste.

Don't know who is Kilby. is that the same guy named Jack Kilby? any American history geek?

Last one is Tim Berners-Lee.

British computer scientist Tim Berners-Lee published a proposal for a revolutionary idea which would connect other computer scientists as they went about their work. As he realised the potential of this creation, he decided to give it to the world for free – making him perhaps the greatest unsung hero in the history of the world.

[Colonel Panic]

yippeeeee
thanks so much
serveria.com
and Google
and of course
dear Mr Maclairy
how very kind
looks like you had excellent weather
do give me a bell next time you're in town
we could go for a drink
with roach
another 3some made in heaven
no but seriously
i don't do London
maybe like if you can get to
Oxford?

Thanks Mr 8.  I would be delighted to have a beer with you. Oxford looks like it is very doable by train from London so will give you a holler next time I am in the region.

https://www.youtube.com/watch?v=VKTT-sy0aLg

 

[vapourminer]

We're gonna need a whole new internet if JJG and Shelby start discussing things.

I've already had some exchanges back and forth with that nutjob, and he is an expert at technical divergence, obscurity of points, irrelevance, appeals to status and other bullshit logical and misrepresentation fallacy presentations.

I believe that you would much rather go have a drink with me, rather than that pretentiously pompous ass, who has been banned from the forum several times due to [...].  

The only word I understood there was 'drink' and I believe you're right, we 3 should meet up while this whole thing blows over and put the world to rights.

O.k... theoretically, it seems like all fun and games, and I am pretty sure that I would not have any issues passing some shit (over drinks) with you, V8, but Jesus f-- c--  I am not confident in my own level of tolerance to put up with pretentious fuck anunymint.. ... it's like going to have a drink with Craig SW.... I feel a lack of sufficient patience to tolerate such a farcical attention-whore bullshitter.

hey id be down on being in on that conversation. although honestly my brain would hard lock within minutes in all likelihood. maybe i will need to bring an electroshock machine to restart my brain as needed.

his inability to make any genuine or meaningful points without exaggeration(s)

whos? yours or Shelbys? i can always have teams of scientists, physicists and game theory experts on call to help interpret Shelbys arguments. not sure what to have on call for your stuff

[Retina]

Where's da Sunday pomp?  

BTC Show the another world i think pumping soon $8k zone.

[HairyMaclairy]

Thanks Mr 8.  I would be delighted to have a beer with you. Oxford looks like it is very doable by train from London so will give you a holler next time I am in the region.

Yes we have all sorts of fancy-pants conveyances nowadays by which the working-classes may travel about the place as if they own it, passing through other peoples' land and yet not paying their toll. The modern world is strange.

Seriously, do also look at coaches when travelling in the UK; they connect particularly well to airports and non-train places.

When you say 'the region' it encourages me that we understand each other. We mean 'nowhere near that region'.

By region, I am referring to the United Kingdom.  I trust that is not overly specific.