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Question: Among your family and friends, who owns Bitcoin?
Myself only - 41 (36.3%)
Myself and my spouse/partner - 13 (11.5%)
My family - 12 (10.6%)
Close friends - 14 (12.4%)
All of the above - 33 (29.2%)
Total Voters: 113

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25292921 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. (157 posts by 13 users deleted.)
Ludwig Von
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November 06, 2019, 01:15:11 AM


You mean "Brexshitting" ?  Wink Grin
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November 06, 2019, 01:54:22 AM
Last edit: November 06, 2019, 03:25:25 AM by Hueristic

Original chart:


Maybe someone can explain about Northern Ireland to those who don't understand, please?


I read this but have the feeling there is not an easy answer to that question.

https://www.cnn.com/2013/10/30/world/europe/northern-ireland-fast-facts/index.html





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November 06, 2019, 02:30:59 AM

Cryptocurrency mining now uses more of Iceland's electricity than its homes. Go inside the Nordic island nation's facility where Bitcoin is mined: https://wired.trib.al/asUkEgd

📸 Lisa Barnard


Source: https://twitter.com/WIRED/status/1191812143907246097
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November 06, 2019, 03:09:17 AM

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.


Holding during rough patches is hard when you were not fortunate enough to get in at the beginning so maybe that is the view you should use when judging.
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November 06, 2019, 03:17:59 AM

Finally getting Bitcoin core synced. Better late than @ 2 TB's. Installing on a Raspberry Pi 4 4gb. Class is in session, feels good to be learning!

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November 06, 2019, 03:24:54 AM

this your first node icy?
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November 06, 2019, 03:28:51 AM

jesus fucking christ

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November 06, 2019, 03:30:20 AM

^^^^ Lol thats not creepy at all. Smiley
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November 06, 2019, 03:36:36 AM
Merited by infofront (1), Icygreen (1)

Bitcoin market emotion cycle. Let's be optimistic!


https://www.tradingview.com/chart/BTCUSD/LsSBaMnj-The-Market-Cycle-of-Emotions/
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November 06, 2019, 04:01:06 AM


If we are in a bull market we are definitely more in the "hope" area than the "relief" area.
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November 06, 2019, 04:06:54 AM


If we are in a bull market we are definitely more in the "hope" area than the "relief" area.

Seems like we already had "hope" and "relief" 🤪

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November 06, 2019, 04:51:31 AM

2 years ago this quarter was the all time high, 2 years from now we will probably see the new all time high reached.

Halfway there guys.
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November 06, 2019, 04:55:43 AM

2 years from now?
Man we are expecting a new ATH after the halving event or even earlier 🙂
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November 06, 2019, 04:59:21 AM

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.

Og, I’d be interested to get your prediction of a top for the next parabolic pump & an estimated date.

I think $100,000 plus in Q4 2021.

When I do the math, I get a peak of $200,000 in November/December of 2021.  I have gone on record as predicting a high of $222,222 prior to 2/22/2022, but that's a bit tongue in cheek.

I think your estimate is a good one.

My retirement plan is based on the 4 year cycle.

Atleast you can sell at the high range i guess (21/22 25/26 29/30) and the option to buy back some corns later on. (23/24 26/27 31/32).

For the record, I think the 4-year cycle will become less and less relevant moving forward as Bitcoin continues to evolve from a p2p payment network to an asset mainly used by Wall Street investment funds to collect management fees.

Nonsense, p2p will always be dominant. However, what kind of products/services are sitting behind all those fees? Wink

And you, Paashaas, in which cycle do you plan to put the bull out to pasture?

Never, i remain bullish until the day i die. Decades after eveybody here are dead BTC will gradually rise in price just because of all those halvings to come.

Of course it will not be so explosive as it used to be but buying corn in 2090 is still a good buy.
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November 06, 2019, 05:14:36 AM
Merited by Hueristic (1)

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.


Holding during rough patches is hard when you were not fortunate enough to get in at the beginning so maybe that is the view you should use when judging.

No one got in at the beginning.

though some people got in earlier than others.

And some of those who got in early did not appreciate the concept of never going full fiat.

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November 06, 2019, 05:18:16 AM

Now China is Pro-Blockchain and Pro-Bitcoin.


Source: @DoveyWan

Quote
On Tuesday evening, Chinese cryptocurrency insider Dovey Wan found that the NDRC has eliminated Bitcoin mining from its list of industries to phase out over time. According to a roughly translated version of the article in question, the “consultation paper” that indicated that the NDRC cryptocurrency mining operations due to environmental damage has been “deleted,” implying that there will no longer be a concerted effort to stem the flow of electricity to China’s Bitcoin miners.

Source: https://www.newsbtc.com/2019/11/06/no-china-isnt-banning-bitcoin-mining-chinese-crypto-insider/

The best of all is that now in China they will have an App that will teach them about Blockchain and Bitcoin, there are already more than 10 million active users, the app is called: Xuexi Qiangguo, but this App in turn will monitor them ..
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November 06, 2019, 05:19:18 AM

2 years from now?
Man we are expecting a new ATH after the halving event or even earlier 🙂
I mean the all time high of the next bull market.
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November 06, 2019, 05:41:16 AM
Merited by Paashaas (1)

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.

Og, I’d be interested to get your prediction of a top for the next parabolic pump & an estimated date.

I think $100,000 plus in Q4 2021.

When I do the math, I get a peak of $200,000 in November/December of 2021.  I have gone on record as predicting a high of $222,222 prior to 2/22/2022, but that's a bit tongue in cheek.

I think your estimate is a good one.

My retirement plan is based on the 4 year cycle.

Atleast you can sell at the high range i guess (21/22 25/26 29/30) and the option to buy back some corns later on. (23/24 26/27 31/32).

For the record, I think the 4-year cycle will become less and less relevant moving forward as Bitcoin continues to evolve from a p2p payment network to an asset mainly used by Wall Street investment funds to collect management fees.

Nonsense, p2p will always be dominant. However, what kind of products/services are sitting behind all those fees? Wink

And you, Paashaas, in which cycle do you plan to put the bull out to pasture?

Never, i remain bullish until the day i die. Decades after eveybody here are dead BTC will gradually rise in price just because of all those halvings to come.

Of course it will not be so explosive as it used to be but buying corn in 2090 is still a good buy.

Maybe we are misunderstanding each other to some degree?

You mentioned an ability to plan retirement based on BTC and around BTC 4 year cycles.

So, I was trying to ask you at what point you would be able to retire upon such anticipated ongoing bitcoin price cycles.  

I am NOT trying to suggest that you need to pull any amount of meaningful value out of bitcoin, but instead maybe just saying fuck you to any kind of traditional job obligations and do whatever the fuck you want.


With such bitcoin explosive upwards price movements, none of us who are buying BTC now and HODLing it should have to really plan on continuing to buy it 2090 (though I expect to be long dead by then), even though I currently expect that bitcoin will continue to be a good investment, even in 2090, like you said.

By the way, when I get into a kind of cashing out phase of bitcoin, I still do not expect to cash out all of it.  I will just cash about 1% per quarter or maybe sometimes I will cash out more because I do feel some preference to spend a decent amount of my BTC rather than carrying my private keys to my grave or even passing my private keys through my death onto people, such as relatives, who are less deserving to spend those BTC that I have spent so much time and energy accumulating than myself.
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November 06, 2019, 06:11:01 AM
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this your first node icy?

Sure is.  Hadn't had the time to invest into learning it until recently.  Mic headed up a nice rally for full node awhile back I recall but couldn't participate.  
Is this the intravenous tipping point?  
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November 06, 2019, 06:30:20 AM

I currently expect that bitcoin will continue to be a good investment, even in 2090

Bitcoin will not exist in 2090.


O.k.  Fair enough, but it would be dumb to not invest today based on that kind of conjecture because bitcoin is likely going to serve as a decent hedge against dollar based investments and even other kinds of fiat or assets into the foreseeable future...

how many years do you need for an investment timeline?  20?  30?  Many people invest on shorter timelines and even reassess their investment choices every 3-5 years, and even sometimes more frequently if there are important changes happening with their life or any of their investment choices.


So your pie in the sky speculation does not make too many differences now, you dumbass, and why the fuck am I even talking with you about it, since, if you are investing where your mouth is, then you have not really made very good choices, banking on an Armageddon scenario and overly investing in gold and silver, and probably making a lot of other bad choices, too, so you are not exactly the kind of person to be discussing these kinds of important (adult) matters.
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