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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 6 (7.1%)
$20,000-$49,999 - 17 (20%)
$50,000-$99,999 - 22 (25.9%)
$100,000-$149,999 - 18 (21.2%)
$150,000-$199,999 - 7 (8.2%)
$200,000-$249,999 - 4 (4.7%)
$250,000-$299,999 - 1 (1.2%)
$300,000-$350,000 - 1 (1.2%)
>$350,000 - 9 (10.6%)
Total Voters: 85

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21500791 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (138 posts by 32 users deleted.)
Bitcoinaire
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October 22, 2019, 12:33:06 PM

Big moves are coming, buckle up!

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“In the U.S., and other countries around the world, it is just a matter of time before we see massive disruption,’’ Tobias Adrian, the director of the IMF’s monetary and capital markets department said in an interview. “There is at least the potential that new technology might lead to a new global payment system fairly rapidly.”

https://www.bloomberg.com/news/articles/2019-10-16/fed-drags-feet-as-digital-money-revolution-tests-central-banks
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LUCKMCFLY
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October 22, 2019, 12:59:38 PM

Although some already call it digital gold.

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#bitcoin .. like clockwork


Plan₿
MarquiseMuseum
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October 22, 2019, 01:17:51 PM
Last edit: October 22, 2019, 01:31:25 PM by MarquiseMuseum

I am sorry to state the obvious, this but at this point it is evident that world stock indexes and big business will clone high capacity chains like Waves to migrate old world means of production in a regulated censorship enabled environment.

Merchants are bound to the land owned by governments and they cannot physically resist high level decision making because profit is tied to machines of production that are land locked.

It is a bad outcome for this decentralized space as far as merchant onramping but some alts may be able to capture market share and grow by mimicing stock indexes in a decentralized format.

My point here is that Merchants will of course want to launch branded cryptos with high capacity inorder to extract added value of blockchain technology but it is probable that a vast majority of extant resources will be migrated to government controlled indexes like Nasdaq, Nikkei, etc, using custom platforms.

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.

I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design. I could be a boon to society much more impactful than industrial revolution.

Onramping mainstream userbase will have little price impact, real wealth is in top 1% of economy as everyone knows, because they own the means of production.

Decentralized space excluding top 5 since it is not decentralized, maybe will become the peoples economy. It is a class division of the world.

Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate, I think it is looking at -90% market cap reduction to be more inline with top alts.

Because I just don't see how capital flight into crypto from fortune 500 can be realized because of the land locked means of production and not to mention logistics industry which is controlled by militara through nation borders and customs.
cAPSLOCK
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October 22, 2019, 01:31:19 PM

I am sorry to state the obvious, this but at this point it is evident that world stock indexes and big business will clone high capacity chains like Waves to migrate old world means of production in a regulated censorship enabled environment.

Merchants are bound to the land owned by governments and they cannot physically resist high level decision making because profit is tied to machines of production that are land locked.

It is a bad outcome for this decentralized space as far as merchant onramping but some alts may be able to capture market share and grow by mimicing stock indexes in a decentralized format.

My point here is that Merchants will of course want to launch branded cryptos with high capacity inorder to extract added value of blockchain technology but it is probable that a vast majority of extant resources will be migrated to government controlled indexes like Nasdaq, Nikkei, etc, using custom platforms.

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.

I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design.

Onramping mainstream userbase will have little price impact, real wealth is in top 1% of economy as everyone knows, because they own the means of production.

Decentralized space excluding top 5 since it is not decentralized, maybe will become the peoples economy. It is a class division of the world.

Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate.

What benefits does blockchain provide once you have removed the decentralization and censorship resistance?

In the cases you describe the private organizations would be better off using a more robust and efficient conventional database.  Blockchain is big, slow and clunky.  There is little reason for companies to adopt it if you take away the reason it is valuable in the first place.

There is a major paradigm shift i n the making.  It's confusing to try to predict how it will unfold.  But I am not sure I can see your scenario really working.
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October 22, 2019, 01:37:06 PM

It's benefits are multi fold but programmable currency is a game changer when paired with computing power. There is incentive to keep such tech regulated.

World industry has expressed significant interest in blockchain technology have they not? I think they are incentivized regardless of decentralized aspects, frankly, I don't think they care at all about decentralization, quite the contrary.

Establishment migration to blockchain is further incentivized by eroding confidence in fiat.

Fiat collapse is a non issue once it occurrs, because the world is already migrated by then.

So it is a false hope to rely on fiat erosion for decentralized crypto to gain alot of value. It could be an industry for the new underclass, whereas elite is on censorship enabled platforms.

Index platforms like waves, stellar, nexus may be able to capture share of new merchant businesses, but probably not established fortune 500's. This is not Bitcoins space at all, closest thing is XCP and it's just so dysfunctional, I used it in 2017 with Marquise $Museum.
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October 22, 2019, 01:46:18 PM

...

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.
...
I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design. I could be a boon to society much more impactful than industrial revolution.
...
Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate, I think it is looking at -90% market cap reduction to be more inline with top  

Easy ignore.

Can yoy please fuck off to the ethereum sub or whatever the fuck you came from please?
Phil_S
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October 22, 2019, 01:48:23 PM

Sept-Oct-Nov season in

2019
2018
2017

MarquiseMuseum
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October 22, 2019, 01:48:24 PM
Last edit: October 22, 2019, 02:05:00 PM by MarquiseMuseum

...

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.
...
I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design. I could be a boon to society much more impactful than industrial revolution.
...
Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate, I think it is looking at -90% market cap reduction to be more inline with top  

Easy ignore.

Can yoy please fuck off to the ethereum sub or whatever the fuck you came from please?

Construct an argument.



Blockchain is big, slow and clunky,

Only Bitcoin, Ethereum and those old generation coins.
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October 22, 2019, 02:59:55 PM
Merited by jojo69 (1)

...

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.
...
I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design. I could be a boon to society much more impactful than industrial revolution.
...
Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate, I think it is looking at -90% market cap reduction to be more inline with top  

Easy ignore.

Can yoy please fuck off to the ethereum sub or whatever the fuck you came from please?

Construct an argument.


Nobody here is required to challenge your worldview there buddy.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry"
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October 22, 2019, 03:05:10 PM

https://twitter.com/trylolli/status/1186657981418659841?s=21

@trylolli
bank of america is down

BITCOIN (aka BANK OF THE WORLD) NEVER GOES DOWN
LFC_Bitcoin
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October 22, 2019, 03:07:32 PM


@alistairmilne
Gold is pretty, shiny, etc. but you can't send it anywhere in the world within minutes as you can with Bitcoin.

.... this is why I Bitcoin. No borders. No limits. No permission. No trust.

https://twitter.com/alistairmilne/status/1186544152122707969?s=21

Don’t @ me r0ach
MarquiseMuseum
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October 22, 2019, 03:34:55 PM

...

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.
...
I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design. I could be a boon to society much more impactful than industrial revolution.
...
Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate, I think it is looking at -90% market cap reduction to be more inline with top  

Easy ignore.

Can yoy please fuck off to the ethereum sub or whatever the fuck you came from please?

Construct an argument.


Nobody here is required to challenge your worldview there buddy.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry"

Too bad, I will invest my money elsewhere. Perfectly open to x100 leverage long BTC if I can find a few counter points to defend $150 bn market value.
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October 22, 2019, 03:50:24 PM

If they don't care about decentralization, they simply will not use bitcoin. However, the people will choose what they want to use, not governments. They can try to force it, but you know how that will turn out.
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Long Bitcoin!


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October 22, 2019, 03:59:29 PM
Merited by LoyceV (1), fabiorem (1)

Happy Hodling Smiley

Last of the V8s
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October 22, 2019, 04:12:19 PM
Last edit: October 22, 2019, 04:35:24 PM by Last of the V8s
Merited by Icygreen (1)

https://twitter.com/rey_chantelle/status/1186455189252784128
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Message me for a copy ... The guide to investing in bitcoin
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https://drive.google.com/file/d/0B8tkreGApUC1OWowUlNSYUZ5S0JJdl8xRGdNWDVJREd4Y1BZ/view
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October 22, 2019, 04:24:51 PM

Sept-Oct-Nov season in

2019
2018
2017



In 2017, Bitcoin went up

In 2018, Bitcoin went down

Now the multi million dollar question: Where does bitcoin goes in the last quarter 2019 ?
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October 22, 2019, 04:56:44 PM

Sept-Oct-Nov season in

2019
2018
2017



In 2017, Bitcoin went up

In 2018, Bitcoin went down

Now the multi million dollar question: Where does bitcoin goes in the last quarter 2019 ?

Anybody who says they know is lying. Nobody knows.
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October 22, 2019, 05:01:32 PM
Merited by El duderino_ (3)

What do we want? "Better advertising!" Where do we want it? "Retail education!"

Helps that BTC is a self fulfilling prophecy.
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October 22, 2019, 05:07:15 PM

Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  Shocked

https://www.tradingview.com/x/PtdtsMU7/


And what should we expect from this?

Parabolic breaks almost always lead to

1) Strong retracements back (~85% - 60% if I recall, don't have the stats in front of me atm)

2) Macro trend reversals (think of bitcoin run ups and what happens, like after btc hit $20k)

Yeah, but we have already had our 85% correction down to $3,122.  Remember December 2018?

We are getting another 60% to 85% correction from the $13,880?  That makes hardly any sense.

Now if you were talking about a 60% to 85% correction from some kind of new ATH or something like that, then you might be starting to make some senses.  Perhaps?

In other words, the impression that I am getting is that you are one of those loonies or shills who are spreading disingenuous pie in the sky thinking rather than attempting to grapple with on-the-ground BTC price dynamic realities.

Lol bless your little heart....  you were so quick to lash out, you didn't read the chart right.  It's inverted.  The parabola I'm showing is from ~13.8k to ~7.8k.  I'm suggesting the downtrend is about to macro reverse or at least "pull back" ~60 to 80%.

Personally, I'm guessing it's a macro reversal.  We need to start slow grinding up to the previous ATH over the next ~6 months or history won't repeat itself like the world is expecting. 
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October 22, 2019, 05:09:42 PM
Merited by LFC_Bitcoin (1)

Also feel compelled to add - so many people show charts of years like 2017 vs 2018 vs 2019, BUT what they should be focused on is halving.  How to the 12 months prior to halving look?  What about the 12 months following halving?  The halving is the real marker, not the calendar dates like Jan 1 to Dec 31.  We are right on track vs historical trends.  Next stop likely $16k to 20k by halving and then a hype/log uptrend the year following.
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