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

[JayJuanGee]

No need to worry, JSRAW.  I am not going to bombard you with walls of text on that topic, because even if i might not agree with you regarding some of the details regarding which aspects of the government are essential or............................................................................. ...........



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jesus...still?











fuck this

Don't be so hating on ideas, jo-squared... six right side up and six upside down.. 

[jbreher]

What I am suggesting is that two years in a row of 10x would still be a 100x, and even the most bullish of bitcoin prognosticators are not projecting anything like that...

OTOH, would not be astonished.

[JayJuanGee]

What I am suggesting is that two years in a row of 10x would still be a 100x, and even the most bullish of bitcoin prognosticators are not projecting anything like that...

OTOH, would not be astonished.

I believe that you agree with my ongoing assessment and spin regarding the 2015 to 2017 BTC price rise to $20k that was about 78x having had gone about 3x to 5x more bullish than the vast majority of bullish anticipations, even though such BTC price rise was still within parameters of possibilities, it just ended up being a scenario that was a bit higher than expected for many folks HODLing BTC.

Sure, I was not around for the 2012 to 2013 BTC price appreciation, but that one ended up being two bumps, and really we could argue that the 2012/2013 price rise started from about July 2012 and bouncing off from sub $6 prices that added up to way more than the 2015-2017 price appreciation in a shorter period of time.  The high in 2013 was $1,163, so that would have been about a 193x price appreciation.

In BTC's future, 100x in two years would really be stupendous, and even though I kind of addressed this issue already, I really would expect this next upcoming BTC price run to be smaller than 2017.. maybe half or less (so 15x to 30x might be kind of a range of reasonable, but maybe a bit more would be reasonable, too?)

I suppose in sum, I can see 100x happening in 2 years, but I would be a bit astonished.. even though reasonable arguments can be made for it. That could be a $300k to $700k per BTC price point, depending upon what is considered as the foundational starting point... which is within the realm of possibilities and merely just puts BTC prices (and market cap) at gold market cap parity.. more or less.

[jbreher]

It's a sign! Activity 90...Merit 9....Jupiter 9.posts 90...90=9+0=9....9=9....9=9....9999   9+9=18 ...18=1+8=9

Awww. You broke it.

[bitserve]

Can you guys please stop talking about completely irrational future gains?

You are spoiling all the fun... were it to occur. Which it won't. Probably. Just no.

[JayJuanGee]

Can you guys please stop talking about completely irrational future gains please?

You are spoiling all the fun... were it to occur. Which it won't. Probably. Just no.

We did this last time too... not just me and jbreher.. but the royal we....

It is still fun when it happens (that is, if it happens).  So there.  

Even if BTC prices go up to ONLY $50k.. you are still going to be wetting your panties, even though "we" warned you in advance.  


  (In other words, pee pare ur lil selfie)

[bitserve]

Can you guys please stop talking about completely irrational future gains please?

You are spoiling all the fun... were it to occur. Which it won't. Probably. Just no.

We did this last time too... not just me and jbreher.. but the royal we....

It is still fun when it happens (that is, if it happens).  So there.  

Even if the price goes up to ONLY $50k.. you are going to be wetting your panties.  


 

Yup, at $50K I would be barely "rich enough" but... I won't believe it. At least not if that comes too soon, like in a couple of years.

My optimistic/best scenario from several years ago was 10K€ for 2020. Never expected it to come way sooner (2017). Would be great to be wrong again in the timeline, but I don't expect to be so lucky this time.

Anyway, step by step. Price looks good. I wouldn't be surprised by another 2x this year or even reaching ATH. $50K can wait... if it ever comes.

[Biodom]

Can you guys please stop talking about completely irrational future gains?

You are spoiling all the fun... were it to occur. Which it won't. Probably. Just no.

Hal Finney already talked about the most outlandish scenario ages ago, so anything lower (like by a factor of 200X lower) might be considered quite rational and very much so. It's not like we are levering to the hilt or borrowing against future 50K btc. The only problem I see is that btc never allows for a nice 1-2 mo flat top distribution.
It always produces a super spike up followed by the 50% down in a few days or a couple of weeks.

[jbreher]

I really thought that it was jonoiv that I was responding to - hence my aggression.

Not like anybody here is going to listen to *my* opinion on this matter, but... jonoiv gotz a bum rap in this thread. Undeservedly.

[VB1001]

@pierre_rochard

Bitcoin halvings have historically been fully priced in 1+ years after the halving, not before or days after.

Lower your time preference!

[jbreher]

Has anybody here ever bought BSV?

Please, be honest guys. I could do with a good laugh.

Don't be coy. You *know* I did.

Laugh all you want.

Just getting started.

[jbreher]

Sure, I remember before you even got into seasteading, you had made a pretty gutsy move to invest all the proceeds from your sale of your house into bitcoin, and you were ridiculed about that for a while

Who was it that did the ridiculing?

[fillippone]

I'm ready.

Warning - while you were typing 293 new replies have been posted. You may wish to review your post.

Sorry, no cake this time.

[AlcoHoDL]

Just spent an hour educating myself on Bitcoin entropy inspired by a r0ach post, haha. Picked up a couple gems from here anyway.
https://medium.com/the-bitcoin-times/bitcoins-eternal-struggle-2c197f1bafd8
I liked the argument that BTC is mostly informational however nonetheless physical which negates r0aches claim that it's imaginary.

Bitcoin lives mostly in the informational realm, and just like all other information systems, it needs to store and process the information via a physical medium. Thus, if you change information in Bitcoin, you effectively change a thing in the real world. Whether that thing is a solid-state disk, USB stick, hard drive, optical storage medium, or something else doesn’t matter.

Exactly.

What traditionalists like r0ach fail to understand is that the informational realm is just as real as precious metals, with several added benefits that a piece of metal can never have, by its very definition. Assuming he's serious and really believes what he posts, he's either bitter at losing a large chunk of coins by selling early (which shows he's immature), or he's just a stubborn, delusional individual who simply fails to realise the significance of the informational realm. Yet, he has no issues surfing the net and making use of a wealth of information in cyberspace every day...

Kinda like a broken version of Ted Kaczynski.

[mindrust]

What traditionalists like r0ach

r0ach isn't a traditionalist. He is a moron.

Smart traditionalists support bitcoin because they understand how it is better than gold.

[jbreher]

Lost any respect I had for Samson. He's a thin-skinned cuck.

Funny. Never pictured you as a slow learner.

[jbreher]

What I am suggesting is that two years in a row of 10x would still be a 100x, and even the most bullish of bitcoin prognosticators are not projecting anything like that...

OTOH, would not be astonished.

<snip> (I never can tell what the heart of your point is...)

We have yet to see the first proper FOMO.

That is all.

[Karartma1]

Took some time to read 25 pages back and found...
nothing!

Good to be back, hopefully for good

[Cryptotourist]

I really thought that it was jonoiv that I was responding to - hence my aggression.

Not like anybody here is going to listen to *my* opinion on this matter, but... jonoiv gotz a bum rap in this thread. Undeservedly.

Well, sorry to hear that.
But he did manage to stand out that day that he spammed WO.
And that is amongst the already established Hall of Fame WO pets, like r0achie & gembitz.

#

I'm ready.

Warning - while you were typing 293 new replies have been posted. You may wish to review your post.

Sorry, no cake this time.

[JSRAW]

Are you working under any company or on your own?
 

Freelancer.

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Always a pleasure when reading every word