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

[JayJuanGee]

About next halving, that's what a (very basic) graph says:


https://i.postimg.cc/pPYCCB2R/download.png


Not sure. Looks too good to be true, but what do I know.

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.

[1714892325]

1714892325

[jojo69]

they ain't getting a satoshi out of me for less than $120K/BTC, fuckers.

[VB1001]

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.

[Lambie Slayer]

Shitcoin Jesus launching a crypto exchange Sept. 2.

https://news.u.today/news/pre-registration-rewards-for-everyone-bitcoincom-launches-its-own-exchange

[mindrust]

Shitcoin Jesus launching a crypto exchange Sept. 2.

https://news.u.today/news/pre-registration-rewards-for-everyone-bitcoincom-launches-its-own-exchange

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. 

[Lambie Slayer]

Stock boyz having a shitty time since they got their last rate cut. How much USD shitcoin printing do those welfare queens need?

[JayJuanGee]

@APompilano
“We love you Bitcoin” — @jack

Who would have thought it would only take 10 years for a public company CEO to say this on an earnings call! 🙏🏽

https://twitter.com/apompliano/status/1157044019815473152?s=21

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.

[Globb0]

Bitcoin, halvening and Plan B appear on the Sun!

https://www.thesun.co.uk/tech/9634852/bitcoin-price-rise-85-all-coins-mined/

Funny picture caption thou:



They put hard disk mining bitcoin? Really?

WO CONTEST: Best dialogue between the two blokes in front of the "hard disk" wall wins 2 merits!

Sorry Im leaving, no more hard drives. Im done with our physical relationship.

Where will you go?

Im moving to the cloud

[Lambie Slayer]

Shitcoin Jesus launching a crypto exchange Sept. 2.

https://news.u.today/news/pre-registration-rewards-for-everyone-bitcoincom-launches-its-own-exchange

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.

[JayJuanGee]

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.

[Lambie Slayer]

Uh oh.. I was hoping climate change was just another globalist power grab hoax, but we just had a tsunami in a water park.  

https://www.cnn.com/videos/world/2019/08/02/china-wave-pool-accidental-tsunami-orig-vstan-bdk.cnn

[JayJuanGee]

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.  

[Millionero]

$10,600

Nice & gently... So satisfying to see it rise like that...

That's what she said.

[makrospex]

Bitcoin, halvening and Plan B appear on the Sun!

https://www.thesun.co.uk/tech/9634852/bitcoin-price-rise-85-all-coins-mined/

Funny picture caption thou:



They put hard disk mining bitcoin? Really?

WO CONTEST: Best dialogue between the two blokes in front of the "hard disk" wall wins 2 merits!

"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"

[HI-TEC99]

Just gonna leave this here

I always wondered why chess pieces have such strange shapes. Thanks for pointing out why.

[fillippone]

https://bitcointalk.org/index.php?topic=5095156.msg52040541#msg52040541

Welcome back do DT1 LFC_Bitcoin!

[LFC_Bitcoin]

https://bitcointalk.org/index.php?topic=5095156.msg52040541#msg52040541

Welcome back do DT1 LFC_Bitcoin!

I should fucking hope so

Didn’t realise buddy, thanks!
I think theymos only planned for there to be 100 DT members (max). More than 100 qualify now so once a month now however many over 100 there is, rotate out (randomly picked). It was my turn to be out last month

[gentlemand]

I should fucking hope so

Didn’t realise buddy, thanks!
I think theymos only planned for there to be 100 DT members (max). More than 100 qualify now so once a month now however many over 100 there is, rotate out (randomly picked). It was my turn to be out last month

I would be fooking cock a hoop if I was excluded from that utter cesspit.

[fillippone]

https://bitcointalk.org/index.php?topic=5095156.msg52040541#msg52040541

Welcome back do DT1 LFC_Bitcoin!

I should fucking hope so

Didn’t realise buddy, thanks!
I think theymos only planned for there to be 100 DT members (max). More than 100 qualify now so once a month now however many over 100 there is, rotate out (randomly picked). It was my turn to be out last month

Well, apparently you were lucky enough: I just discovered You can be randomly picked twice out of DT1!
https://bitcointalk.org/index.php?topic=5095156.msg52040676#msg52040676

[LFC_Bitcoin]

I would be fooking cock a hoop if I was excluded from that utter cesspit.

Pretty certain you’re DT2

http://loyce.club/trust/2019-08-01_Thu_16.47h/155345.html

Well, apparently you were lucky enough: I just discovered You can be randomly picked twice out of DT1!
https://bitcointalk.org/index.php?topic=5095156.msg52040676#msg52040676

That’s unlucky for him, must be pretty high odds to get left out two months running.