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

[bitserve]

After the 83BTC on ONE single buy on finex like 5-10 minutes ago, it was obvious something was cooking

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[serveria.com]

Noice pomp gals 

[El duderino_]

^
BoB's gonna like this morning    #no

[Raja_MBZ]

Making bitcoin volatile again.

[JimboToronto]

Good morn Bitcoinland.
Ninety ninety-three dollars.
(Bitcoinaverage).

Barted right back up
To where it was on Wednesday
That didn't take long.

[LUCKMCFLY]

The adoption will be massive in a very short time, since 50% of financial professionals believe that Bitcoin will surpass S&P 500 in 2020

According to a study carried out by Chainalysis, a cryptocurrency data analysis firm, across 350 professionals in the finance industry, 48.6% of them believe BTC will outshine S&P 500 index in growth rate in the next 12 months. Comparative to Bloomberg Barclays bond index, the housing index and equities, BTC emerged the favorite asset choice for the financial professionals in the short term.

Source: https://www.coinness.com/news/455282

[OROBTC]

BIG, GREEN dildo incoming!!!

Contrary to popular belief, it's the length, not the thickness that matters!

Just saw that bump up.  Just over $9000 (preev.com) moments ago.

Wonder what's up?

[El duderino_]

BIG, GREEN dildo incoming!!!

Contrary to popular belief, it's the length, not the thickness that matters!

Just saw that bump up.  Just over $9000 (preev.com) moments ago.

Wonder what's up?

10K.....

We will go K by K

[OROBTC]

The adoption will be massive in a very short time, since 50% of financial professionals believe that Bitcoin will surpass S&P 500 in 2020

According to a study carried out by Chainalysis, a cryptocurrency data analysis firm, across 350 professionals in the finance industry, 48.6% of them believe BTC will outshine S&P 500 index in growth rate in the next 12 months. Comparative to Bloomberg Barclays bond index, the housing index and equities, BTC emerged the favorite asset choice for the financial professionals in the short term.

Source: https://www.coinness.com/news/455282

I would agree with those pros, at least in this case.  

Further, I think that BTC will outperform equities which will outperform bonds which will outperform housing.  

Our lil ol family has just enough housing we own, and I think bonds may WAY underperform (as at some point interest rates will go up).

Chainalysis did not put gold as one of their choices I would note...  



EDIT:  Nor did Chainalysis mention that paying down DEBT is an investment too (where else are you going to "get" a savings of up to 18% (interest on credit card debt) that you would not pay in the future by unburdening yourself of credit card debt).  Debt is a killer if unwary.

EDIT 2:  Not an expert in much of the above.  Note that I have been wrong all three times I have participated in infofront's polls...

[UnDerDoG81]

How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.

All factors being equal... one could say double than now (ie: $6Kx2=$12K). But factors are not and won't be equal. Hashrate, electricity cost, efficiency of new miners, cost of those new miners, overhead business costs, etc etc.... and more importantly which part of supply/FREE FLOAT is determined by mining sales.

In the end it all reduces to supply and demand... and mining is just a part of that supply.

Any PANIC/capitulation or FOMO/euforia phase can make mining costs completely somewhat irrelevant and disjointed from actual market price, at least in the short/medium term.

In other words, hard to predict accurately and somewhat irrelevant for most purposes.

I am just thinking of a scenario where wales decide to get out before halving and the price drops that much that mining is not worth it anymore and bitcoin dies. Not sure if I should get out at these prices and start living...

[jojo69]

eat my shorts man

[Last of the V8s]

Mighty green dildo:
Power on through the night. Need
Pesos in the morn.

still paying off on the girl's titties?

[Febo]

The adoption will be massive in a very short time, since 50% of financial professionals believe that Bitcoin will surpass S&P 500 in 2020

Bitcoin does and will always outpreform S&P 500, except in the year of retracing. After the ATH, so 2014, 2018 and 2022/2023.

[Last of the V8s]

[El duderino_]

Congrats LFC you earned a drink for this victory

[JayJuanGee]

EDIT:  Nor did Chainalysis mention that paying down DEBT is an investment too (where else are you going to "get" a savings of up to 18% (interest on credit card debt) that you would not pay in the future by unburdening yourself of credit card debt).  Debt is a killer if unwary.

I largely agree with, especially when referring to exorbitant consumer debt rates that individuals are dumb enough to get into.

On the other hand, aren't the banks (and Govts) trying to make debt "great again"?   If you can get close to the issuance of the debt, then you can get negative rates... or damned close to it, which seems to encourage irresponsible behaviors on the institutional level that is motivated by rational thinking based on low interest (or negative) rates that incentivize borrowing the fuck out of everything because you know that you have to pay back way less tomorrow than you had borrowed today.... Therefore, as a BIGGER institution, I am going to play that kind of debt and even perhaps act irresponsible (even though on an individual level, that kind of behavior - especially when dealing with consumption rather than investment is not likely to play out too well).

[Hueristic]

BAKKT is a necessity for big money center banks e.g. goldman, morgan stanley, jpmorgan, ubs, barclays, etc to have an opportunity to gain access to BTC legitimately if they should choose to do so ... why would these banks want access to legitimate BTC?

BAKKT is a necessity for the criminal syndicate of big money to control the price of bitcoin through naked short sales. They think they can use rehypothecated bitcoin collateral like they do with physical gold. They can't!

You have that right, here's some links for peops that don't know what your talking about.


https://www.investopedia.com/articles/optioninvestor/09/naked-short-selling.asp

https://www.investopedia.com/terms/r/rehypothecation.asp

[JayJuanGee]

How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.

All factors being equal... one could say double than now (ie: $6Kx2=$12K). But factors are not and won't be equal. Hashrate, electricity cost, efficiency of new miners, cost of those new miners, overhead business costs, etc etc.... and more importantly which part of supply/FREE FLOAT is determined by mining sales.

In the end it all reduces to supply and demand... and mining is just a part of that supply.

Any PANIC/capitulation or FOMO/euforia phase can make mining costs completely somewhat irrelevant and disjointed from actual market price, at least in the short/medium term.

In other words, hard to predict accurately and somewhat irrelevant for most purposes.

I am just thinking of a scenario where wales decide to get out before halving and the price drops that much that mining is not worth it anymore and bitcoin dies. Not sure if I should get out at these prices and start living...

I think that you should get out, and start living.  That is a great idea.  Each of us only has one life, and of course, bitcoin could die too... in a kind of mining death spiral.  That could actually happen.   Write back and let us know how much fun that you had in the coming year or two.  Taaaa taaaa....

[OROBTC]

...

JJG (yr comment 508059)

By nature I am a debt-averse guy.  I also believe (big-time) in diversification.

The big institutions can indeed take advantage of ZIRP and maybe even NIRP, but no one will not pay me to borrow their money.  Perhaps some of the very rich or well connected can take advantage of this environment to borrow.

But, I doubt that most of us are in that small club.

[JayJuanGee]

And to all you fucks thinking "oh he should HODL his BTC like a good boy"

Is this a straw man?


Why you upset with peeps suggesting HODL?

I, unlike most of you, use corn for WHAT IT IS ACTUALLY FUCKING FOR.

You know what corn is for better than anyone else?

I thought that one of the things about corn is that you can decide however, you like, and there is no one stop shopping.  Everyone can decide for him/her/itself whether or not to use his/her/its corn.

If you want bitcoin to reach $100k so you can have your party, you need

more people like me, and less people like you.

Let's clone nutildah and make this world a better place.   


 

So just keep that in mind to your non-drunken selves. 

Gabi puntang ina mos.

Even drunks can decide what to do with their corn (or not), too, right?

Sometimes we need some drunks in order to teach them a lesson about not getting drunk too much, but sometimes with any addiction, the drunk does not even actually realize how much daño s/he/it is causing to him/her/itself... so continues to repeat the self-afflicting behaviors.