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

[VB1001]

Fantastic.


Antonopoulos: Cash-Settled Bitcoin Futures Traders Face ‘Black Hole’

Bitcoin (BTC) educator Andreas Antonopoulos says that while futures markets may indeed place a damper on the cryptocurrency’s price, the stakes are different to what you might think.

https://cointelegraph.com/news/antonopoulos-cash-settled-bitcoin-futures-traders-face-black-hole

We continue with the black holes.

[fillippone]

Exactly. It probably will have an impact, but not like the previous two halvings.

I disagree. HAlving impact has been constant (in log terms)

I follow this model:
Stock To Flow Model: Modeling Bitcoin's Value with Scarcity

Thanks for the link, I know about the model, but not in detail. Its main problem, from my point of view, is that there have been only two halving events, too few for more or less solid statistics.

The model has been working even BEFORE the first halving. So the number of halving is pretty irrelevant.
Model parameters considering 2009-2012 data points (before first halving) are very similar to ones obtained considering the whole BTC price history.

[LUCKMCFLY]

Nice face!

BTC/USD | $BTCUSD | $BTC $USD

BTCUSD Is Smiling With It's H&S Bottom

Long or short it on WCX: http://wcex.com/trade/BTC-USD

Source: https://twitter.com/IdeasPrime/status/1200068331144962048

[PuertoLibre]

Halving either won't have an impact, or it will but certainly not before 2 or 3 years. If only it was that simple, everyone would be making money with the halving coming soon. That's extremely simplistic to think this way.

Exactly. It probably will have an impact, but not like the previous two halvings.

Buy the rumors and sell the news. As simples as that, no need to overcomplicate the news trading. The party will start early and the late participants will start to dance when the music stops.

[Tronx]

Just a matter of time before Ripple overtakes Ethereum for good, I mean for real with no coming back.

I even think Ethereum will eventually die while Ripple will remain on the market. Just think how much money Eth holders have lost last 12 months, especially those who bought exactly 12 months ago  

Does this altcoin portfolio comes under NSFW 

[Last of the V8s]

Honestly I don't mind having my face ripped off. Just go for it, see if I care.

[jojo69]

On this day, in some parts of North America, we celebrate the technological inferiority of the original inhabitants at first contact, in particular their total lack of gunpowder and resistance to certain European diseases, by eating large birds until we are physically ill.

Cheers WO.

[xhomerx10]

Just a matter of time before Ripple overtakes Ethereum for good, I mean for real with no coming back.

I even think Ethereum will eventually die while Ripple will remain on the market. Just think how much money Eth holders have lost last 12 months, especially those who bought exactly 12 months ago 

 Restored.

[VB1001]

(.)(.)
^

It will be interesting to see the result of the poll, thx infofront

nohomo, of course

StrongHats & Hodl

[VB1001]

Bitcoin Analysis.

- Bull cycles are getting longer.
- ROI since bottom are decreasing.

Conclusion of cycle IV:

Next top: ~ 1400 days since bottom. ETA December 2022
ROI: ~40X since bottom, ~120k $.

https://twitter.com/IamCryptoWolf/status/1199703369880915969

[Last of the V8s]

Happy

celebrate the technological inferiority of the original inhabitants at first contact, in particular their total lack of gunpowder and resistance to certain European diseases, by eating large birds until we are physically ill

day to all.

[fillippone]

Guys,
I have heard the most bullish news since a long time:

From 2020, the sale and custody of Bitcoin will be allowed to all German banks

So far, there was a clear legal separation between the normal regulated banking and crypto transactions. The custody and trading of Bitcoin and Kryptos has until now always been outsourced to specialized partners or subsidiaries with appropriate licenses. By 2020 all German banks should be redeemed.

If all German banks can suddenly sell bitcoin to their customers with a few clicks from 2020, that is a big digital transformation of the traditional banks. It could finally enable the bitcoin and blockchain industry in Germany to compete on equal terms with other states. Although the Federal Council still has to approve the new law, the approval is considered certain.

I opened a thread about that here:
From 2020, the sale and custody of Bitcoin will be allowed to all German banks

[BitcoinGirl.Club]

There will be a small session between me and my bitcoin girl, exclusively for WO brothers. Of course you lot are one of the part of my world too.

There you go!
Short session only for WO!

[Biodom]

Bitcoin Analysis.

- Bull cycles are getting longer.
- ROI since bottom are decreasing.

Conclusion of cycle IV:

Next top: ~ 1400 days since bottom. ETA December 2022
ROI: ~40X since bottom, ~120k $.

https://twitter.com/IamCryptoWolf/status/1199703369880915969

Merited because of an interesting opinion, but i don't really fully buy the thesis that cycles are bound to increase in length since they are being driven (apparently) by halvings. In addition, if ROI are decreasing, but drawdowns stay the same (around 85%), then I just don't see whay it would continue in this pattern. I would reluctantly agree IF drawdowns were smaller, but so far they are not (to a significant degree).

It's like saying that since this summer was unusually long because of balmy weather it would mean that the next one would be longer still.

[Wendigo]

Swear words at 1 y.o. That kid is going places 

[Globb0]

 cycles are bound to increase in length

[mindrust]

Bitcoin Analysis.

- Bull cycles are getting longer.
- ROI since bottom are decreasing.

Conclusion of cycle IV:

Next top: ~ 1400 days since bottom. ETA December 2022
ROI: ~40X since bottom, ~120k $.

https://twitter.com/IamCryptoWolf/status/1199703369880915969

I didn't like this chart.

This says I gotta wait nearly 3 years for next big boom. 3 years to get 10x profits (from 10k to 100k) is actually not bad but I don't know. It is kinda too late I feel. I don't have enough patience left to get rich and that's why this chart has big chances become real. It is because it is actually painful. Somewhere around mid 2020 or mid 2021, (or from, till) after seeing btc going nowhere, people will say fuck this shit and dump their coins. Then we will go to the next moon. This is how the whales work. They'll only make you rich if you endure the pain long enough.

This bear market, it wasn't long enough.

I prefer masterluc's or filbfilb's charts over this piece of shit any day but life is a bitch.

[HairyMaclairy]

There is no sign the cycle is getting longer.  We are exactly on track.

[Hueristic]

i'm so far behind I need a JS update!!!


@JSRAW

[DireWolfM14]

i'm so far behind I need a JS update!!!

I'd like to take a stab at it:
1) micg lost all his corn in a boating accident.
2) tanning your asshole is a thing now.
3) Raja_MBZ said something something, bitcoin.