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

[pereira4]

And onto price predictions, the current 2 scenarios I consider are:

1) 100k by 2022
2) 100k by 2032

Scenario 2 would have a very long cryptowinter, giving you the opportunity to stack tons of cheap BTCs. This scenario completes an hyperwave hitting around 1k-ish as the lowest low before a new ATH. However things are leaning up towards scenario 1), which would mean 1MM by 2032, but also means you'll have less BTC in your pocket.

Scenario 2 would need to include global warfare against Bitcoin. Like governments going all-in against BTC, closing ALL exchanges, threatening with possession of BTC as illegal, closing all ongoing institutional brokerage activities, no Bakkt, CME, ETF, none of that, all is cancelled. Making mining illegal, having the POTUS shitting on BTC every so often on Twitter.. you get the idea. BTC would be really underground during this period. I don't rule this scenario out because things can change fast and governments can become increasingly tyrannical during hyperinflation times. This would mean really cheap coins for a long time. During this time demoralization would be high, so it would be possible to stack at low prices. Once reality hits in as halving go on, panic buying would kick in eventually, specially by 2032 when the emission rate becomes almost flat.

I don't understand why people are ruling out this scenario. We have never faced a full blown attack, and I think it's eventually coming, which would fit this long crypto winter period I describe. Sure, like I said scenario 1 looks like it's forming, but things can change fast, fundamentals are not shown on TA.

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[~Money~]

Well I dream for 100k

Me too but I think it’s a realistic outcome. Think of the lifestyle $100,000 per BTC will give us.

People say oh the govt thugs (police, customs, army) won't come to bitcoiners' houses to arrest them for being bitcoiners because they'd be being paid in worthless dollars or other fiat. This is naive. They'll come and shake us down for free.

Good luck to them getting access to my coins.

In order to have a "rich lifestyle" you'll have to have your bitcoins taxed anyway, so it goes against your claim of "Good luck to them getting access to my coins."...

Suppose you have 100 BTC and price is $100k per coin, and you want to live a $10million lifestyle. You spend $1million on a nice condo and $100k on a car, you sell enough to make a decent yearly income from dividends, and so on... do you think the government will not ask where the money came from? because they will and they ask for origin of funds. What will you say and what data you have to back it up?

A lot of people live under the radar without flashy things because they couldn't prove the origin of their wealth (even if it's of licit origin, they didn't save the required documentation to prove so) and don't want to risk getting into a huge problem, so they are rich but still live a rather frugal lifestyle.

In order to bypass all of that with top accountants and lawyers I guess you would need a serious (9 figure or $billionaire) wealth, otherwise you can't pretend to be a big guy above laws.

you mean we will be alive to see the 100k price
if that happens i will be happy to have one bitcoin too,

we all expect a jump in price if november monthly candle closes green
only then we can move to higher targets

[JayJuanGee]

Well I dream for 100k

Me too but I think it’s a realistic outcome. Think of the lifestyle $100,000 per BTC will give us.

People say oh the govt thugs (police, customs, army) won't come to bitcoiners' houses to arrest them for being bitcoiners because they'd be being paid in worthless dollars or other fiat. This is naive. They'll come and shake us down for free.

Good luck to them getting access to my coins.

In order to have a "rich lifestyle" you'll have to have your bitcoins taxed anyway, so it goes against your claim of "Good luck to them getting access to my coins."...

Suppose you have 100 BTC and price is $100k per coin, and you want to live a $10million lifestyle. You spend $1million on a nice condo and $100k on a car, you sell enough to make a decent yearly income from dividends, and so on... do you think the government will not ask where the money came from? because they will and they ask for origin of funds. What will you say and what data you have to back it up?

A lot of people live under the radar without flashy things because they couldn't prove the origin of their wealth (even if it's of licit origin, they didn't save the required documentation to prove so) and don't want to risk getting into a huge problem, so they are rich but still live a rather frugal lifestyle.

In order to bypass all of that with top accountants and lawyers I guess you would need a serious (9 figure or $billionaire) wealth, otherwise you can't pretend to be a big guy above laws.

you mean we will be alive to see the 100k price
if that happens i will be happy to have one bitcoin too,

we all expect a jump in price if november monthly candle closes green
only then we can move to higher targets

Holy fuck....  ~Money~  If you have been around Bitcoin since May 2013, and you still do not have one bitcoin, then you are likely to be fucked if we reach $100k, and if you currently do not have 1 BTC and you been around BTC for more than 6 years, I doubt that you are going to have 1BTC by the time that we reach $100k.  In other words, .... alright.. I won't say it... I am going to hold back the BIG meanie, at least temporarily.  

[Negotiation]

I still see 4 digits and seems like we are stuck in there forever LOL but few days ago the 5 digit was looking nice.

Yaah waiting when 5 digit  :'(80% losses my total BTCBTC balance i hope 5 digit soon.
holding up.

You must be really screwing things up if you have 80% losses at this point.

How long have you been in this Negotiation?   Since June?  Even then, fuck you really need a batman slap, no?

JayJuanGee brother, Do't angry to me  just everything  80% losses for my bad disesion we hope recovery holding by the BTCbitcoin=USDT brother try to recovery everything.

Yep... Well, you are exercising some pretty poor techniques, so maybe you need to go to gamblers anonymous and get some treatment?

Because you should NOT be even capable of losing that much at today's BTC price, especially if you are only stacking sats.

All time love you brother regularly learn about  trading basically  day trading, maximum  profit going to my cycle repair,internet bill others profit invest Orphanage.
Every time trying to professional trader...!      

[BitcoinGirl.Club]

Bitcoin: a mathematically scarce digital currency produced w/ pure energy that's teleported instantaneously anywhere in the world.

US Dollar: a currency printed by the politician/cartel currently in power, restricted by borders drawn from war.

Which ones the future of money?

https://twitter.com/Rhythmtrader/status/1190626870032846848

Someone had a valid question to ask.

[Last of the V8s]

wait pereira you think the price would go or stay down if they made it illegal
i think it would go up up up whatever the stage in emission rate

[JayJuanGee]

I still see 4 digits and seems like we are stuck in there forever LOL but few days ago the 5 digit was looking nice.

Yaah waiting when 5 digit  :'(80% losses my total BTCBTC balance i hope 5 digit soon.
holding up.

You must be really screwing things up if you have 80% losses at this point.

How long have you been in this Negotiation?   Since June?  Even then, fuck you really need a batman slap, no?

JayJuanGee brother, Do't angry to me   just everything  80% losses for my bad disesion we hope recovery holding by the BTCbitcoin=USDT brother try to recovery everything.

Yep... Well, you are exercising some pretty poor techniques, so maybe you need to go to gamblers anonymous and get some treatment?

Because you should NOT be even capable of losing that much at today's BTC price, especially if you are only stacking sats.

All time love you brother regularly learn about  trading basically  day trading, maximum  profit going to my cycle repair,internet bill others profit invest Orphanage.
Every time trying to professional trader...!      

Don't forget that you should be attempting to learn too... I mean really learning.. not just saying that you are learning.  

One of the first things that you should try to learn is how to NOT lose money.  That would be one of the best things to learn, especially in the beginning of your trading practices.

When I say learn how to NOT lose money, learn how to value your wealth in bitcoin, not dollars or whatever other crappy fiat that you might use.  Stack your bitcoin, and in the long term, you should be in profits - especially 3-5 years down the road as long as you continue to stack sats.

[btcanonymous666]

And onto price predictions, the current 2 scenarios I consider are:

1) 100k by 2022
2) 100k by 2032

Scenario 2 would have a very cryptowinter, giving you the opportunity to stack tons of cheap BTCs. This scenario completes an hyperwave hitting around 1k-ish as the lowest low before a new ATH. However things are leaning up towards scenario 1), which would mean 1MM by 2032, but also means you'll have less BTC in your pocket.

Scenario 2 would need to include global warfare against Bitcoin. Like governments going all-in against BTC, closing ALL exchanges, threatening with possession of BTC as illegal, closing all ongoing institutional brokerage activities, no Bakkt, CME, ETF, none of that, all is cancelled. Making mining illegal, having the POTUS shitting on BTC every so often on Twitter.. you get the idea. BTC would be really underground during this period. I don't rule this scenario out because things can change fast and governments can become increasingly tyrannical during hyperinflation times. This would mean really cheap coins for a long time. During this time demoralization would be high, so it would be possible to stack at low prices. Once reality hits in as halving go on, panic buying would kick in eventually, specially by 2032 when the emission rate becomes almost flat.

I don't understand why people are ruling out this scenario. We have never faced a full blown attack, and I think it's eventually coming, which would fit this long crypto winter period I describe. Sure, like I said scenario 1 looks like it's forming, but things can change fast, fundamentals are not shown on TA.

I liked that dystopian scenario.

[pereira4]

wait pereira you think the price would go or stay down if they made it illegal
i think it would go up up up whatever the stage in emission rate

I believe the initial shock would be negative for the price. Also my scenario includes mining operations being shut down, so with less hashrate comes lower price. Of course difficulty would adjust and someone elsewhere would find a good opportunity cost and open up mining operations. So things would go through this awkward phase were all exchanges with high liquidity are shut down, main market goes OTC... im talking really underground stuff, like going back to 2012. Eventually, long term hard money always wins, which means people that accumulated here get the fruits of understanding how hard money wins long term.

So either way, 1 million by 2032 or 100k by 2032 = rich.

What I think would skyrocket BTC automatically is if government made physical cash illegal, which I believe will happen somewhere next decade... so that's another thing to consider.

[~Money~]

Holy fuck....  ~Money~  If you have been around Bitcoin since May 2013, and you still do not have one bitcoin, then you are likely to be fucked if we reach $100k, and if you currently do not have 1 BTC and you been around BTC for more than 6 years, I doubt that you are going to have 1BTC by the time that we reach $100k.  In other words, .... alright.. I won't say it... I am going to hold back the BIG meanie, at least temporarily.  

not that i had not earned or mined,  
i had mostly lost them, in wallets, exchanges, trusting (so called) friends, investing in other things (cant name them here  )

currently i own a little, but if it reaches 100k, in next 20 month, i will be damned, but after that i think i will own few btc and wont have any problem with 100k  

[BitcoinGirl.Club]

BITCOIN price 2015 vs 2019 year, where Next Long term Target...

https://twitter.com/ElCryptoChief/status/1190579809484759040

[realr0ach]

wait pereira you think the price would go or stay down if they made it illegal
i think it would go up up up whatever the stage in emission rate

Of course it would go down because it's already vapid liquidity would collapse.  Bitcoin is just a derivative of the US dollar and various other fiats, so cutting off liquidity to exchanges implodes it.  Both I, Tera, and many other people have said the exact same thing on this subject.

[Dabs]

Suppose you have 100 BTC and price is $100k per coin, and you want to live a $10million lifestyle. You spend $1million on a nice condo and $100k on a car, you sell enough to make a decent yearly income from dividends, and so on... do you think the government will not ask where the money came from? because they will and they ask for origin of funds. What will you say and what data you have to back it up?

Lots of peeps do it. It's not that hard to do. One could simply bounce it from one country to another, set up a business, and a bunch of other things. You don't need to be a billionaire to do it.

If you decide to put your fiat money in the system, it's already clean by then, and if you put it to work earning dividends, then you are paying taxes on that income, the government will likely not go after you. They have bigger fish to fry.

[kfactor]

My Secret Garden (and Andy Fletcher is muted right from the start.   )

I'm convinced his entire live setup is not even plugged into the mixer. Don't like the guy. He's a lazy musician that really has no place on stage and should just stick to the studio managing drama between Dave and Martin.

As a musician, Fletch has always been a useless twit. Respect for being "at the right place at the right time" though.

The DM I love died when Alan Wilder left... still listen often to pre '95 stuff.

[realr0ach]

AHAHA just got the Alec Baldwin "buy bitcoin now on Etoro" commercial on youtube.  We are truly in the 'fleecing the goyim' stage of craptocurrency if Alec Baldwin is trying to scam people into buying it.  Roast in hell, Jew shill Baldwin.

[LUCKMCFLY]

It is interesting that now the concern is not to repeat a crisis like that of 2008.

With the FED creating more money the dollar value deflates even further. Since 1913 the greenback has plummeted in value. According to research, back then a person with $100 could buy the same amount of food, clothing, and other necessities as $2,529 would buy today.

It is taken as an alternative that Bitcoin can provide a solution, it is also of a deflationary nature, it is not printed, your distribution is finite, so it is valued according to the law of supply and demand,that is, there is no inflation.

Bitcoin, with a predetermined supply, immunity from central bank meddling, and decentralization from any state or nation makes it the perfect solution for this problem. In theory Bitcoin would become the world’s currency giving the control back to the people, not the banks. A massively flawed banking system was the catalyst that spawned Bitcoin in the first place. As Satoshi Nakamoto wrote himself;

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

Source: https://www.newsbtc.com/2019/11/02/how-bitcoin-can-solve-the-dollar-depreciation-disaster/

[realr0ach]

As a musician

I think we can all appreciate one of Strung Out's top songs describing the phenomenon of JayJuanGee posts:

https://www.youtube.com/watch?v=nhPxGPKOa4E

[Cryptotourist]

I think we can all appreciate one of Strung Out's top songs ~

[realr0ach]

Diablo 4 announcement.  Looks decent, and graphics aren't everything, but definitely could have been released in the year 2008.  Peak video game?  Peak civilization?

https://dailystormer.name/diablo-4-announced-trailers-released-more-forced-diversity-gamer-abuse/

[Cryptotourist]

Oh shoot.