JayJuanGee
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Activity: 3850
Merit: 10888
Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 04:02:15 PM |
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Last time we went from roughly $1K to $20k.
I would say that $50K is a minimal expectation IF the cycles continue the up down pattern, which is always an unknown.
I would not be surprised by $200K, but would not plan for it as far as seriously laying out what to do if and when.
That was not a halving boost, that was a year of market movement, if the 10k-19k happened during anytime close to a halving id give it to you, but it didn't. I might give it to you, kingcolex, that halvening does not explain everything in terms of BTC's price movement in the last cycle, but wouldn't you concede that you could have upwards BTC price pressures that are happening around the halvening, both before and after, and even the ones that are significantly after, could be a kind of catching up to restrictions on new supply. Of course, in 2017, we had some other seeming resolutions of some contentious issues in bitcoin that largely resolved in favor of status quo bitcoin, and those kinds of resolutions either contributed to the existing upwards price momentum or gave it a boost. Surely, the 2016 havening should not have hurt such upwards momentum.. that likely got a bit out of control, even once the upwards price had surpassed $6k-ish... but whatever, sometimes momentum and exuberance can be a part of the whole price pressures adjustment situation that goes along with price finding too, that can take years to resolve rather than merely happening around the exact time of the halvening. |
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Torque
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It's time (again) for a Wall Observer Meta Post! I am going to switch to monthly schedule soon! Merit analysis based on LoyceV merit file: http://loyce.club/Merit/merit.all.txtMerit updated to Friday,26, Jul, 2019 02:51:39 UTC [snip] As a side note, ya'll need to quit meriting our resident troll-who-must-not-be-named. The asshole has nearly 300 merits, but gives back merits to no one else. He is not funny. He is not cool. He spews a bunch of worthless crap. He is a fkn troll. And he won't leave. Stop meriting him pls. And for the love of the godz, don't quote him. |
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JayJuanGee
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Activity: 3850
Merit: 10888
Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 04:05:35 PM |
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They missed the most important information, here i fixed their chart:  Oberserving $10530... 20 years later I will be at my 50's though. Having a few billions will surely help but I don't know. I'd rather want them in my 30's which means now or at least in the next 10 years. You going to rob a bank so you can buy some more bitcoins? Or you are going to "over" leverage yourself because you can really see up? |
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jojo69
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Merit: 4543
diamond-handed zealot
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August 02, 2019, 04:05:53 PM |
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now this is my kind of bear market
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JayJuanGee
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Activity: 3850
Merit: 10888
Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 04:13:41 PM
Last edit: August 02, 2019, 04:30:19 PM by JayJuanGee |
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Last time we went from roughly $1K to $20k.
I would say that $50K is a minimal expectation IF the cycles continue the up down pattern, which is always an unknown.
I would not be surprised by $200K, but would not plan for it as far as seriously laying out what to do if and when.
That was not a halving boost, that was a year of market movement, if the 10k-19k happened during anytime close to a halving id give it to you, but it didn't. It takes 6-12 months for the full effects of the halving to be realised by the market. Miners sell bitcoin to cover costs, all of a sudden they’re getting half the amount of coins as a block solving reward therefore they have half the amount to dump on exchanges. I think it takes a while for that to be reflected in the price. We will see one more absolutely parabolic bitcoin bull run before it begins to stabilise as an asset imo. I think Biodom is right, 200,000 USD per bitcoin is possible, maybe in mid to late 2021 if not early 2022. I’m the most excited I’ve ever been about bitcoin, life changing money is coming to us all so long as we are BTC buyers, HODLers, and/or accumulators. by adding a condition. I would not want to make the ideas too long, either, but even the no coiners and fence sitters are likely to profit from bitcoin in terms of the creation and promulgation of a system that is more fair and creates incentives to keep other actors more honest. So, if some of those no coiners and fence sitters start to take a stake in bitcoin, too, they might not get rich right away, but they still have very decent chances to profit from bitcoin, even if they feel that they were relatively "late to the game." |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 04:20:33 PM
Last edit: August 02, 2019, 04:40:44 PM by JayJuanGee |
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Yes.. What do you know is correct. That chart does not seem to have too good of odds of becoming true, and surely seems to be perpetuated by someone who is looking more forward to down than up. We cannot be too certain that down is not going to happen, but the degree of down that is depicted in that chart seems to be a bit over the top, and does not really seem to align with either current BTC price dynamics or what seems to be in the cards of bitcoins short to medium term price dynamics, in the coming 3 months to 2 years. It seems quite likely that we could top, our next up trend in less than 2 years, and your chart seems to be requiring close to 6 years to accomplish such toping... Maybe your chart is correct, but something seems to be a bit off about the chart, in terms of current bitcoin price dynamics and future likelihoods. Edit: I see from subsequent posts that I probably should not be taking the substance depicted in the chart very seriously. Whoops... Bro you are so optimistic. 2020 is almost there. 100k per coin in 2021? Would love it, but based on what?
Assuming we’re at approx $10,000 - $15,000 at the time of the halving it’s around 10 x price increase. At the halving in July 2016 we were at around $600. From there to the peak of our last cycle that’s over 30 x increase. I think $100,000 per bitcoin at the end of 2021 is definitely possible. Speak to HairyMaclairy for detailed price predictions based on TA & charts. I’m just going off what I’ve observed before. I think HM is suggesting a fair bit more than 100k per coin at the top of this bull cycle. Hairy seems to be suggesting $200k to $350k to be in the ballpark of the top, which also seems reasonable, even if it also seems a bit of a stretch, too, based on current prices and how much value is going to have to go into bitcoin in order to achieve such a pump that is largely modeled upon fractal comparisons. Bro you are so optimistic. 2020 is almost there. 100k per coin in 2021? Would love it, but based on what?
Assuming we’re at approx $10,000 - $15,000 at the time of the halving it’s around 10 x price increase. At the halving in July 2016 we were at around $600. From there to the peak of our last cycle that’s over 30 x increase. I think $100,000 per bitcoin at the end of 2021 is definitely possible. Speak to HairyMaclairy for detailed price predictions based on TA & charts. I’m just going off what I’ve observed before. I think HM is suggesting a fair bit more than 100k per coin at the top of this bull cycle. 100k is possible but it's impossible to predict exact top of the cycle. Major bull run usually ends with parabolic rally which means huge gains every day. So it really depends how long the upward momentum can hold until it pops. Just a week more can mean +50%. So there is very little difference between, say 80k and 120k. It would not necessarily be prudent to attempt to time the exact top, and like you said, a bit of a difficult task in any event. |
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jojo69
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Merit: 4543
diamond-handed zealot
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August 02, 2019, 04:37:36 PM |
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they ain't getting a satoshi out of me for less than $120K/BTC, fuckers.
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VB1001
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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August 02, 2019, 04:40:56 PM |
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Leaving halving aside, this looks a lot like the 2017 season.
Therefore, you can hit the weak hands again and then begin to climb out of control in search of a new ATH in December or before.
BTCullish.
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mindrust
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Activity: 3388
Merit: 2508
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August 02, 2019, 04:47:09 PM |
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Bcash base pairs lol. Can't wait it to get hacked and gox people. Now that would be a sight. Surely so many shit is going to happen on that exchange. They'll start with faking their volume. Mark my words.  |
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Lambie Slayer
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August 02, 2019, 04:47:09 PM |
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Stock boyz having a shitty time since they got their last rate cut. How much USD shitcoin printing do those welfare queens need?
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JayJuanGee
Legendary
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Activity: 3850
Merit: 10888
Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 04:48:22 PM |
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I looked at the tweet and the thread, and I don't really understand. Is the point that Square is giving away 5,000 BTC? If true, they must be making a killing through their cash app? That is a fucking lot of BTC to be giving away as a kind of promotional, and I suppose that they have calculated already, that it is going to pay off for them, as a business, to do such a large give away. |
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Globb0
Legendary
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Activity: 2702
Merit: 2053
Free spirit
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August 02, 2019, 04:51:30 PM |
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Sorry Im leaving, no more hard drives. Im done with our physical relationship. Where will you go? Im moving to the cloud |
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Lambie Slayer
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August 02, 2019, 04:52:58 PM |
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Bcash base pairs lol. Can't wait it to get hacked and gox people. Now that would be a sight. Surely so many shit is going to happen on that exchange. They'll start with faking their volume. Mark my words. First and only exchange I will be rooting for the US government to take action against. |
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JayJuanGee
Legendary
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Activity: 3850
Merit: 10888
Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 05:03:06 PM |
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Leaving halving aside, this looks a lot like the 2017 season.
Therefore, you can hit the weak hands again and then begin to climb out of control in search of a new ATH in December or before.
BTCullish.
I think that many peeps believe that we are somewhere in 2016, perhaps early 2016... So it seems that it could take a bit of time for this BAD boy to start ramping up... On the other hand, we know that sometimes when the UP movement starts it can get out of control fairly rapidly, so who knows if we might end up experiencing a bit of a premature over exuberance in the upward BTC price movement either this calendar year or even before the May 2020 halvening. I would not rule out any of the scenarios including premature exuberance scenarios, yet even with a premature exuberance scenario, we are quite likely to continue to experience additional actual physical pressures upon our BTC supply post halvening.... Yeah, the fucktards believe that we can kind of price in the halvening before it actually happens or at around the time that it happens, but the reality of the matter is like LFC continues to explain in that the actual feeling of the restricted BTC supply is a kind of physical phenomenon that has to play out and can take a bit of time before it really begins to wear upon the BTC market... and thereby contributing to nearly inevitable upwards BTC price movement based on that actual ongoing constriction in BTC supply. |
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JayJuanGee
Legendary
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Activity: 3850
Merit: 10888
Self-Custody is a right. Say no to"Non-custodial"
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August 02, 2019, 05:06:50 PM |
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Sorry Im leaving, no more hard drives. Im done with our physical relationship.
Where will you go?
Im moving to the cloud
Nice little dialogue with yourself Globb0. I can relate because I feel like that sometimes, too.  |
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Millionero
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August 02, 2019, 05:50:19 PM |
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$10,600
Nice & gently... So satisfying to see it rise like that... That's what she said. |
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makrospex
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Activity: 728
Merit: 317
nothing to see here
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August 02, 2019, 05:51:52 PM Merited by fillippone (2) |
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"Shh, don't turn around. The dude with the camera just did an interview with me..." "OK, why do you whisper?" "I told him all the miners are harddrives. He bought it!" "lol" |
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HI-TEC99
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Activity: 2772
Merit: 2846
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August 02, 2019, 05:59:53 PM |
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Just gonna leave this here   I always wondered why chess pieces have such strange shapes. Thanks for pointing out why. |
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