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

[fillippone]

Bitcoin Halving — Everything You Need to Know.

The first Bitcoin Halving spurred 13,378% growth in Bitcoin’s price whereas the second Bitcoin Halving spurred a 12,160% rally.

A 12,160% rally from Bitcoin’s mid-December 2018 bear market bottom of $3,150 would result in a ~$385,000 Bitcoin.

By the same token a 13,378% rally would lead to a ~$425,000 Bitcoin.

A $385,000 Bitcoin is very interesting because that would mean that Bitcoin’s Market Cap (i.e. $189 billion as of this writing) will have eclipsed the current Market Cap of Gold (i.e. $7.8 trillion).

This occurrence would truly cement Bitcoin’s status as a “Digital Gold.”

This medium article is crap.
Iy does explain how something happened, but not why this happened.
As it don't explain why it happened I don't know anything if it is going to happen again.
It's like driving on a mountain road and saying: mhh I had a 180 turn 4 km ago, and a 150 turn 2 km ago, so probably I am going to turn 120 degrees now.
(Yes, I like comparing AT to driving looking at the rearview mirror).

I prefer a sound model.
A sound model in my opinion is the S2M model (Stock To Flow Model: Modeling Bitcoin's Value with Scarcity) (warning Roachie triggered here)

A model tries to explain the reality, not only describe it.
Of course it is a model, and you have to take care: models abide to reality, not the other way round. So take care when trading on models.

[Hueristic]

Just noticed Hueristic is for the first time wearing his cap, in need for enhanced situation

I kinda like the WO Retro look.

[alevlaslo]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

[Hueristic]

for the record, now it's really over 9000

Funny story, there was a time in my life when I was laid up and couldn't reach a keyboard so I used emoji's to communicate.

[El duderino_]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

What people write when they reach all time high level of desperation....

[Hueristic]

1000 OZ [of Ag] fits in an ammo can

except that must suck when you think its full of ammo and its got more or less useless silver instead. unless youre defending against werewolves and such?

or the rounds are delivery vehicles for Au. hmmm. new way to transport silver... via ballistic trajectory to the destination. well near it anyway.

Sucks just as bad when what you need is a can of 7.62x39 and you open up to a can of 5.56.

Color coding of cans for quick identification is highly recommended.


Congratulations to our winners!  As a past 1/2 of a double win I can attest that LFC is one class act.

Well you can always just shoot a hole in the can for caliber but grain...

gotta sign off and checkout l8r Dudes and congrats on the Vegeta Day!

[VB1001]

https://twitter.com/BitcoinMemeHub/status/1217434041248555009

It is more profitable not to betray the badger.

edit: I like the badger with a hat.

[bitcoinPsycho]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

Your stupidity has no bounds    

[Murat]

~

I would not even mention/talk about this trash just like it doesn't exist at all.

[jojo69]

In fairness, those Pantsir systems have proven out rather well in actual practice.

[skysblu]

https://twitter.com/BitcoinMemeHub/status/1217434041248555009

It is more profitable not to betray the badger.

Shitcoins and their hodlers in a nutshell:

[nutildah]

Received & confirmed with thanks!

Well now we have the specific amount and an approximate timescale. I think we can search your puny transparent ledger and find out lots more about you

if he's really privacy centric he will use wassabi or chipmixer which will make all analysis fruitless

Because it is the blockchain, where there's a will, there's a way. There's just not a will in this instance.

[Hyperjacked]

bitcoin buy early, the price will return to 3500 and more than once. Buy housing in Moscow. Syria and Iran have proven that the air defense and rockets they have better which means better security



Price in Moscow

Did you buy a house in Syria Or Iran...? Rotflmao

[makrospex]

I have a dream, that the next time we cross $9,000, it will be the last time we ever see Vegeta memes.

Only rocket and rollercoaster memes?
meh

Thanks for the troubleshooting merit, btw.

[VB1001]

I have a dream, that the next time we cross $9,000, it will be the last time we ever see Vegeta memes.

The badger, a rocket or a big green dildo is better.

[El duderino_]

I have a dream, that the next time we cross $9,000, it will be the last time we ever see Vegeta memes.

Naaaah new Vegeta memes starting again at 90,000$ ......

[bitserve]

I have a dream, that the next time we cross $9,000, it will be the last time we ever see Vegeta memes.

I still expect a flash dip under $9K (which could go as low as $8K but most probably only to 8.5K-8.8K) when we go attack (and fail) $10K for the first time this year. But, if everything goes well, THAT will be the last time.

The more we retest all these levels setting solid higher lows, the better in the long run.

[AlcoHoDL]

I don't know what it is that attracts them, but every time we have a pump or even a steady upward movement in price, all the BCH/BSV/B-whatever non-BTC shitcoinery shills come here and unload their hatred/insecurity/bitterness or whatever their problem is...

Mega pump incoming?

[Raja_MBZ]

Is someone trying to launder money with ZCash or what?!?

[Paashaas]

Bitcoin Halving — Everything You Need to Know.

The first Bitcoin Halving spurred 13,378% growth in Bitcoin’s price whereas the second Bitcoin Halving spurred a 12,160% rally.

A 12,160% rally from Bitcoin’s mid-December 2018 bear market bottom of $3,150 would result in a ~$385,000 Bitcoin.

By the same token a 13,378% rally would lead to a ~$425,000 Bitcoin.

A $385,000 Bitcoin is very interesting because that would mean that Bitcoin’s Market Cap (i.e. $189 billion as of this writing) will have eclipsed the current Market Cap of Gold (i.e. $7.8 trillion).

This occurrence would truly cement Bitcoin’s status as a “Digital Gold.”

This medium article is crap.
Iy does explain how something happened, but not why this happened.
As it don't explain why it happened I don't know anything if it is going to happen again.
It's like driving on a mountain road and saying: mhh I had a 180 turn 4 km ago, and a 150 turn 2 km ago, so probably I am going to turn 120 degrees now.
(Yes, I like comparing AT to driving looking at the rearview mirror).

I prefer a sound model.
A sound model in my opinion is the S2M model (Stock To Flow Model: Modeling Bitcoin's Value with Scarcity) (warning Roachie triggered here)

A model tries to explain the reality, not only describe it.
Of course it is a model, and you have to take care: models abide to reality, not the other way round. So take care when trading on models.

All models are based on speculation; past performance is no guarantee of future results.

Stock to flow model have historically overshoots the model after halvening. So that means the price will rocket 3x-10x to $300k-$1m.

Both models have roughly same outcome only placed in other perspective.