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November 13, 2019, 05:07:11 PM *
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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (9.2%)
Early 2020 - 33 (21.6%)
Late 2020 - 45 (29.4%)
Early 2021 - 14 (9.2%)
Late 2021 - 24 (15.7%)
2022 - 4 (2.6%)
2023 - 0 (0%)
2024 - 4 (2.6%)
After 2024 - 3 (2%)
Never - 12 (7.8%)
Total Voters: 153

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21429701 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. (128 posts by 22 users deleted.)
DaRude
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November 06, 2019, 12:56:14 AM


Dave died alone and poor with no assets

Wrong, Dave had 350,000 BTC which his idiot brother disposed of.

half of all of IP
how much is half of 0, CSW has zero IP this days


First of all learn to use quotes, then if you want to be taken seriously and don't want to be with r0ach on the ignore list you got to cite you sources like the big boys do (and please no more coingeek, i already lost few IQ points from that site today)

Not keeping track of all articles read over the years, here is a random one:
https://www.gq-magazine.co.uk/article/bitcoin-craig-wright
Quote
It had been suggested, however, that as one of the founders of bitcoin, he actually passed away with some 350,000 bitcoins sitting on an encrypted USB drive he kept on him at all times.
Quote
Wright confirms Kleiman did indeed have 350,000 bitcoins.
January 1, 2013 BTC is $13,56
April 26, 2013 BTC =  $135,60

The whole court drama came about with CSW contacting Dave's father and told him to hang on to the hard-drive as it might be worth a lot of money. By that time the house most likely was cleared - cleaned and on the market. (Extreme case of saving the penny and throwing away pounds)
Let's remember Ira never visited his very ill brother once, not in hospital or at home.



It has been suggested? really that's your citation Angry So now we're trusting the guy who's been proven a fraud in court? ok let's look at the citation about mysterious encrypted USB drive, but let me help you by getting the context.

Quote
But many other claims by Wright in the story don't stand up to scrutiny. Take his story about his friend Dave Kleiman
...It had been suggested, however, that as one of the founders of bitcoin, he actually passed away with some 350,000 bitcoins sitting on an encrypted USB drive he kept on him at all times
...Wright confirms Kleiman did indeed have 350,000 bitcoins. Yet in explaining why he didn't sell, Wright says, "It wasn't worth much then. Dave died a week before the value went up by 25 times."
...This goes unquestioned, but it's not remotely true...It was baffling: why lie? What was being hidden here?

Faketoshi testified under oath that he had some proprietary HD algo (before HD wallets were even created) that all block rewards went to, but the master key was in a tulip trust that no one had access to, thus why he only listed first 60 or so public address and didn't know the rest. Are you saying that there is no tulip trust and he had access to those BTC? Are you calling Faketoshi a liar?

Best quote from the article though
Quote
When I call Kleiman's former colleague at Computer Forensics LLC, Patrick Paige, and let him know I'm working on a story about Craig Wright, the first thing he says to me is: "Is he on suicide watch yet?"
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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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no FOMO


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November 06, 2019, 03:24:54 AM

this your first node icy?
jojo69
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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.
JayJuanGee
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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, 05:14:53 AM

whats wrong with the oceans?? Sargassum in Philippines beaches?? I thought it was a caribbean exclusive..

There's tons of it in certain places. It is a bit gross, but its a product of the water being around 28 C.
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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.
JayJuanGee
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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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