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

[AlcoHoDL]

I remember I read somewhere that a Halving will eventually generate a x7 increase in the price of Bitcoin.

Problem is, I can't find a reference to where I read it...

Sounds good though, doesn't it?

HoDL!

[makrospex]

https://medium.com/coinmonks/bitcoins-increasing-price-resistance-uphill-short-and-long-term-36ab6f74e61a?

Watch the scale. When you watch logarithmic charts, you shouldn't think in a linear way  

EDIT: I respect the burger and also the S2F but growth is always limited in an enclosed system (the market, in this case).
Reading the full article doesn't hurt.

[JSRAW]

@AlcoHoDL this might jog your memory...

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

[heslo]

@AlcoHoDL this might jog your memory...

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

Nice piece. Personally I can't see how it can not do anything but go up after the halving...

One thing is for sure, it's gonna be an interesting next few years!

With that I sign off until next year; off to start some New Years festivities. Hope you all have a great end to 2019 and let's all hope for a kick ass 2020!

[VB1001]

https://twitter.com/CobraBitcoin/status/1211432993690181633



Dammit, today is the end of the year party or April Fools Day...

[El duderino_]

@AlcoHoDL this might jog your memory...

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

Nice piece. Personally I can't see how it can not do anything but go up after the halving...

One thing is for sure, it's gonna be an interesting next few years!

With that I sign off until next year; off to start some New Years festivities. Hope you all have a great end to 2019 and let's all hope for a kick ass 2020!

Isn’t every year very interesting?? 

[Bossian]

Hi guys,
Cannot find the thread about the massive spike (stock to flow ratio) a really huge spike reminiscent of mid 2016.

Thread was started by a guy with a W in his name I believe (maybe Waterwolf or Wardrobe) I am sorry I forgot his name.

Any link?

[El duderino_]

BPIP is online again, nice.

https://bpip.org/

What is this??

Aaah the jerk of place for some, or where we look who’s d*ck is bigger as who etc

 Naaaah, maybe for some it is, but still it’s better as all those merit and stat threads combined.....

[Last of the V8s]

Hi guys,
Cannot find the thread about the massive spike (stock to flow ratio) a really huge spike reminiscent of mid 2016.

Thread was started by a guy with a W in his name I believe (maybe Waterwolf or Wardrobe) I am sorry I forgot his name.

Any link?

https://bitcointalk.org/index.php?topic=105136.0

[El duderino_]

Be serious to be taken serious 

[El duderino_]

50k-80k area for year 2023-2024, be patient guys.

There is always someone shifting the years.... eventually one will be right

[Cryptotourist]

Be serious to be taken serious 

Hey my moto is similar, don't be serious - so nobody takes you seriously.

[Gyrsur]

Hi guys,
Cannot find the thread about the massive spike (stock to flow ratio) a really huge spike reminiscent of mid 2016.

Thread was started by a guy with a W in his name I believe (maybe Waterwolf or Wardrobe) I am sorry I forgot his name.

Any link?

https://bitcointalk.org/index.php?topic=105136.0

Nothing against asian girls, dawg, but we are talking serious business here

Dude, the asian girls in the thread are all deepnuded so they ARE serious!

#nohomo

[VB1001]

BPIP is online again, nice.

https://bpip.org/

What is this??

Aaah the jerk of place for some, or where we look who’s d*ck is bigger as who etc

 Naaaah, maybe for some it is, but still it’s better as all those merit and stat threads combined.....

Ha, ha, well there is a lot of interesting information and you have it all on one page,
not only is it to recreate one's achievements.


edit:

BPIP

https://bpip.org/

Ultimately, it made more sense to move towards a new internal structure within BPIP, which has resulted in suchmoon and I taking over the development & ownership of BPIP, as equal partners.

So, without further ado
Some notable design changes.
-New header which helps mobile views and reduces the vertical footprint.
-5 New theme options, including a new dark silk theme and the bitcointalk throwback theme.
-Customizable theme options, including the capability to hide/show the background to help slow/remote connections.
-Front-end layout has had an overhaul to correct some glitches, and has moved more into bootstrap world.
-Back-end improvements have helped performance overall, and many tweaks & bug fixes have been corrected.
-Character encoding should be corrected. Searches and post titles should now support special characters & spaces more consistently (as parsing catches up..)
-Avatars are now showing on profile pages, along with DT/banned/inactivity status.
-Profile page also supports ID's now (satoshi == https://bpip.org/profile.aspx?id=3)

https://bitcointalk.org/index.php?topic=5213618

ibminer & suchmoon = BPIP

[ivomm]

I remember I read somewhere that a Halving will eventually generate a x7 increase in the price of Bitcoin.

Problem is, I can't find a reference to where I read it...

Sounds good though, doesn't it?

HoDL!

I believe Bitcoin will reach 7x from the last ATH, i.e. 130-140K. What I don't believe is that I will have the mental power to HODL until then   The price won't get there automatically. There will be many major resistances on the way. For starters, we have to break the two major resistances at 12K and 19K. There were many predictions that at the end of 2019 the price would have been above 20K, but this obviously didn't happen. However, after the halving this is more probable to happen. Considering that in 2017 we had 2 major resistance lines after the ATH was broken - 2.9K and 4.8K, I expect simiar resistance at 29K and 48K. If we are following 2017 pattern, this should happen sometime in 2021. Whether the price will reach and surpass 100K before the halving in 2024 is hard to predict. IMO, there are some chances for that but it will be temporarily and there might be another bear year of dropping back to 30K. But what won't be accomplished after the halving in 2020 it will be done after the halving in 2024. I mean, people now are more cautious and hurry to sell with small profits. Thus it is possible to stay longer at prices around 10K-20K. I won't be surprised if it takes more than 2 years to breach the last ATH and stay above it. In longterm it is better that way. The delayed bull run is much stronger than the premature run. Anyway, after 2024 the journey to 140K will be much easier. Of course, we are speaking only about probabilities, not 100% certain things to happen.

But I want to return to my thought about the power to HODL. I have several selling plans in terms of fiat profit - 600K (which makes me a millionaire in the currency of my country which is attached to half of the euro), 1mil, 1.5mil, 2mil and 2.5mil.  I wish I can hold until 140K, but considering I am 47 years old and starting to have some health issues, I really don't know if I will be able to resist the first goal when it happens. Since the expenses in my country are very low, I would be able to live as a rich guy with such sum. I won't be able to buy a lambo, but I may buy/build a luxury villa and continue to go to job (which is not hard, although low paid). And if the price falls 30%+ after I sell, I can rebuy with up to half of this sum. If not, I won't be miserable since I achieved my personal goal. But let be positive and hope for the best. For now, I continue to accumulate as long the price stays under 15K. After that my miserable salary of 850$ per month won't make the difference.

[Bossian]

I remember I read somewhere that a Halving will eventually generate a x7 increase in the price of Bitcoin.

Problem is, I can't find a reference to where I read it...

Sounds good though, doesn't it?

HoDL!

I believe Bitcoin will reach 7x from the last ATH, i.e. 130-140K. What I don't believe is that I will have the mental power to HODL until then   The price won't get there automatically. There will be many major resistances on the way. For starters, we have to break the two major resistances at 12K and 19K. There were many predictions that at the end of 2019 the price would have been above 20K, but this obviously didn't happen. However, after the halving this is more probable to happen. Considering that in 2017 we had 2 major resistance lines after the ATH was broken - 2.9K and 4.8K, I expect simiar resistance at 29K and 48K. If we are following 2017 pattern, this should happen sometime in 2021. Whether the price will reach and surpass 100K before the halving in 2024 is hard to predict. IMO, there are some chances for that but it will be temporarily and there might be another bear year of dropping back to 30K. But what won't be accomplished after the halving in 2020 it will be done after the halving in 2024. I mean, people now are more cautious and hurry to sell with small profits. Thus it is possible to stay longer at prices around 10K-20K. I won't be surprised if takes more than 2 years to breach the last ATH and stay above it. In longterm it is better that way. The delayed bull run is much stronger than the premature run. Anyway, after 2024 the journey to 140K will be much easier. Of course, we are speaking only about probabilities, not 100% certain things to happen.

But I want to return to my thought about the power to HODL. I have several selling plans in terms of fiat profit - 600K (which makes me a millionaire in the currency of my country which is attached to half of the euro), 1mil, 1.5mil, 2mil and 2.5mil.  I wish I can hold until 140K, but considering I am 47 years old and starting to have some health issues, I really don't know if I will be able to resist the first goal when it happens. Considering that the expenses in my country are very low, I would be able to live as a rich guy with such sum. I won't be able to buy a lambo, but I may buy/build a luxury villa and continue to go to job (which is not hard, although low paid). And if the price falls 30%+ after I sell, I can rebuy with up to half of this sum. If not, I won't be miserable since I achieved my personal goal. But let be positive and hope for the best. For now, I am continue to accumulate as long the price stays under 15K. After that my miserable salary of 850$ per month won't make the difference.

X7 is probably based on what is said on this video https://www.youtube.com/watch?v=IXE1AKevRWA&t=2s Steve talked about a 800% rise after the sudden spike of the stock to flow ratio. I am not sure why though because he talked about mid-2016 and the rise was much than 800% if we have December 2017 as the ending point (he didn't explain clearly on the video).

[kurious]

Halving, maybe:

"The halving is priced in so much that it’s actually not priced in and no one is buying bitcoin except the smart money who knows it’s not priced in who has convinced everyone else it is priced in so when the halving occurs and price is skyrocketing no one will be holding bitcoin"

https://twitter.com/JacobCanfield/status/1210927394397315072

[serveria.com]

Why would 7X ATH be a disorderly market?

To me such large price differences are incredible yet here we are in what seems slightly unreal to me.   I dont think I'll ever accept that its normal, gold should not be changing price especially but we have unreliable pricing or quite alot of inflation occuring.
  Its a reflection the QE programs but I dont think that continues forever, theres damage occurring especially to a large part of the world which has no gold personally and no assets that really gain from this price inflation, some are losing despite being honest workers who provide goods in demand.   So money isnt reliable for them, BTC is I hope going to be part of the change that occurs but I think we have a bumpy road ahead with many upsets.
  Some countries have negative interest rates now, its surreal imo.    The problem is they cannot readjust in any direction apart from more inflation.  $250 to $10,000 is ridiculous for an inert rock to alter price, traders might like it but instability is bad for business.

50k-80k area for year 2023-2024, be patient guys.

Exactly, new bottom after after the glorious 2020-2021 spike to the $400-500k moon 

[JSRAW]

+1 for sharing your story ivomm. i suggest bookmarking this piece and read every now and then, tweak accordingly when time passes by.

https://bitcointalk.org/index.php?topic=178336.msg52407662#msg52407662

[AlcoHoDL]

@AlcoHoDL this might jog your memory...

https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb

Thanks. This article suggests a x10 increase as a minimum. Even better!

Towards the end it mentions about the Litecoin Halving, which happened on August 2019, but hasn't pushed the price up (yet)... But Bitcoin's a different beast, I guess we'll just have to wait HoDL and see. If x7 or more happens to Bitcoin's price, I'll have reached my financial independence goal, as will many fellow WOs.

I wonder what kind of hats we'll all be wearing then!