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

[infofront]

The real trigger is after 2 or 3 more halvings. By then we'd have more than 99% of the supply mined, 8 million lost forever, so that leaves about 12 million corns in circulation. I don't know how much adoption is by then, but whatever it is, it will have hit or exceeded all price predictions.

Unfortunately, that's still at least a decade away.

It’s very likely we reach at least $50,000 after May 2020 halving. 

I think I already said this many times, also here on the WO.
I have a feeling a lot of people, institutional investors included, are looking at PlanB models, and probably sometimes between here and the halving we'll start seeing some kind of front running. I do agree with LFC scenario of easy 50K after halving in May20.

If the halving rally fails to materialise before or after the halving, say one year after, we still are around today's level, then we will experience a very long and cold cryptowinter II.
Institutional money, who is ready to dump a LOT of money into cryptos, see Bitcoin as an uncorrelated, high volatility asset. Something that is very precious in low volatility/negative interest rate financial environment.
If bitcoins then fails to provide those investors  with a positive return, then we we'll have a serious adoption problem posing a threat to further growth.

The rallying USD is concerning in the medium term. If much of Bitcoin's appeal lies, like gold, as a hedge against inflation, the USD could be seen as a safer bet over the next couple of years as the global economy collapses.

[Lambie Slayer]

Big news boyz.

Sanders is out of the Presidential race for now and most likely for good, hospitalized for heart surgery.

https://abcnews.go.com/Politics/bernie-sanders-78-canceled-events-notice-hospitalized/story?id=66003850

This is part of the problem with modern politics. The people in power are way past their prime and too old to be the best leaders available. I bet Trump, Sanders, Hillary, and half of Congress is too old and mentally incapacitated to pass a drivers license test, yet they and others like them across the globe run the world.

Yang, the most pro crypto Presidential candidate is young and his prospects are growing stronger by the day.

https://www.predictit.org/markets/detail/3633/Who-will-win-the-2020-Democratic-presidential-nomination

He is a strong third place in betting markets for winning the nomination. He was tied with Sanders for third a few weeks ago and now his betting odds are almost double Sanders.

https://www.cnn.com/2019/10/02/politics/yang-10-million-third-quarter/index.html

Yang just raised 10 million USD in the last quarter and shows no sign of stopping his rampage into the American spotlight.

"Andrew Yang is the only contender showing exponential growth in the third quarter, more than tripling his fundraising number from last quarter," said Zach Graumann, Yang's campaign manager. "This grassroots fundraising total, with $6m+ in the bank, ensures this campaign will have the funding to compete and outperform expectations through Super Tuesday and beyond."

For those too young to legally smoke Hopium please dont read the next few sentences. Thank you.

As we all know(the science is settled) Bitcoin is the most hyper-intelligent and supreme living entity in the known universe. It will continue to support Yang in ways too mysterious for higher primates to apprehend but you can trust that Yang will win and Bitcoin will soon be the official currency of the United States via executive order.

via Imgflip Meme Generator

[Lambie Slayer]

Stock boyz seeing carnage today. They better not drag the King down with them temporarily with their shitty house of cards. 

[fillippone]

The real trigger is after 2 or 3 more halvings. By then we'd have more than 99% of the supply mined, 8 million lost forever, so that leaves about 12 million corns in circulation. I don't know how much adoption is by then, but whatever it is, it will have hit or exceeded all price predictions.

Unfortunately, that's still at least a decade away.

It’s very likely we reach at least $50,000 after May 2020 halving. 

I think I already said this many times, also here on the WO.
I have a feeling a lot of people, institutional investors included, are looking at PlanB models, and probably sometimes between here and the halving we'll start seeing some kind of front running. I do agree with LFC scenario of easy 50K after halving in May20.

If the halving rally fails to materialise before or after the halving, say one year after, we still are around today's level, then we will experience a very long and cold cryptowinter II.
Institutional money, who is ready to dump a LOT of money into cryptos, see Bitcoin as an uncorrelated, high volatility asset. Something that is very precious in low volatility/negative interest rate financial environment.
If bitcoins then fails to provide those investors  with a positive return, then we we'll have a serious adoption problem posing a threat to further growth.

The rallying USD is concerning in the medium term. If much of Bitcoin's appeal lies, like gold, as a hedge against inflation, the USD could be seen as a safer bet over the next couple of years as the global economy collapses.

USD surely is the "best of the bad bunch" when you come to FIAT.
But an hedge against inflation and market collapse must be found outside the FIAT realm. so Gold or his digital equivalent. There's no way to to avoid this, and institutional investors know that. That's why they're scratch the front door of BTC investments.

[infofront]

My friend Shelby, who many of you may know, just pointed out that we're still following masterluc's Dec. 2018 predictions:

[d_eddie]

Masterluc's projected future doesn't sound too bad. I could live with that. He's been falsified several times, but only on short-mid term predictions. His original long term prediction, still in the neighborhood of "valid", has been uncannily accurate in the past.

Live and see, I guess. As usual. Hodl.

[rdbase]

South korea is third in the world for cryptocurrency adoption? Just behind japan and the states in this race to be numero uno.
These are some interesting video clips of cointelegraph who explain what is going on in a hotbed for the lunar age people of the orient. Age of moon maybe?
https://www.youtube.com/watch?v=E--wTNbbxZs
https://www.youtube.com/watch?v=UtcU34rcn50

The company #hashed is an interesting one to follow and wouldnt have known about these big players in the crypto world without stumbling upon these recent videos published in the past week by them. Even if you dont like them it is informative if your not familiar with this side of the world in your travels.

[fillippone]

My friend Shelby, who many of you may know
<snip>

Yeah,
Carrol Shelby: Matt Damon is filming a movie on this incredible BTC predicting abilities.

[Wekkel]

Thing are slow atm.

But Bitcoin @8,xxx is still good. Very good.

The longer the lull persists, the bigger the ensuing pump. Monetary craziness will ensure the outcome. Just think in years instead of months.

[VB1001]

Bitcoin Optech newsletter #66 is here:

- notes a proposed Erlay BIP
- announces vulnerability disclosure in previous LN software 
- links to an Optech schnorr/taproot workshop transcript
- includes a BTSE field report on exchange use of Bitcoin tech

https://bitcoinops.org/en/newsletters/2019/10/02/

[VB1001]

Hi VB

Is it possible to show % change in price vs % change in replies?  It is hard to compare price moves against changes in replies without a like for like comparison

Thank you !

Sure, give me some time, I'm not with my machine now, I'm working elsewhere.

[LFC_Bitcoin]

WO sign gets everywhere, good evening gentlemen!

Location - Anfield Stadium, Liverpool, UK.

I’m in early, let’s fucking go!

[Gyrsur]

My friend Shelby, who many of you may know
<snip>

Yeah,
Carrol Shelby: Matt Damon is filming a movie on this incredible BTC predicting abilities.

what does he has inside the pants? a wrench? #nohomo

[makrospex]

WO sign gets everywhere, good evening gentlemen!

Location - Anfield Stadium, Liverpool, UK.

I’m in early, let’s fucking go!

Against RB Austria Salzburg today, isn't it?
Have fun, they seem to play the season of their lifetime.

[El duderino_]

https://twitter.com/coolstuffcheap/status/1179118354537353221?s=20
^Made me laugh

[Krubster]

My friend Shelby, who many of you may know, just pointed out that we're still following masterluc's Dec. 2018 predictions:

Considering this was posted in december 2018, that's pretty spot on.

If we evaluate each of his predictions, we get as follows (I'm taking these numbers out of my memory, so please excuse me if I got anything wrong)

• End of 2018: Find local bottom between ~1500 and 3000
  - Pretty close on, we hit the bottom at ~$3100 in December
• Mid 2019: Retest the straight trend between 10k and 20k
  - Again, pretty damn close. We reached a local high of 13k in August.
• End of 2019: Fall back to the verified support at ~6000
  - Still a few months left, but not far off if we look at the current price
• 2021: Go to new highs and historical V, according to his charts at 70k+
  - Yet to be verified

I've been following Masterluc since 2012. Him predicting the top in 2013, following by a multi-year bear market (if I recall correctly) was pretty damn impressive. After that he made a few less accurate predictions and after that I haven't pay as much attention to him as I originally did. But damn, these predictions of him deserve some credits.

[Krubster]

^^ Woo hoo, I'm no longer a newbie! I can post pictures (or quote) now 

[LUCKMCFLY]

For some it is disappointing, but the best things take time to arrive ..


Source:https://twitter.com/lawmaster/status/1179376262768406529

Just starting this, there is a long way to go ...


And, 32,443 blocks until mining reward is halved (~225 days):



Source: https://twitter.com/ChartsBtc/status/1179409787882266626

[mersal]

Thing are slow atm.

But Bitcoin @8,xxx is still good. Very good.

The longer the lull persists, the bigger the ensuing pump. Monetary craziness will ensure the outcome. Just think in years instead of months.

Staying at this region will bring more bump after the halving?

I am not expecting the prices to be at this level by end of this month,either there will be $10K back or more dump.

[Icygreen]

Anyone else install Trezor's custom BTC only firmware?  It still has the exchange button I noticed.  I guess the biggest benefit will be the bypass of all the altcoin support updates.