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

[serveria.com]

masterluc, LOL.

Even a broken clock is right twice a day I guess.

That guy slings shit at a wall & some of it sticks but not much. He hasn’t got any good rep in this community any more. So bored of his ramblings.

Yeah he lost all of his reputation and credibility by failing to predict some massive events like the 2018 bear market for example. He has also admitted he sold all of his BTC already (at $600 like Roach did?) Due to that he lost most of his fans and switched to some vague general long-term predictions. What a clown. 

[serveria.com]

Don't get mad at Luc.

He doesn't say it is going go to $6k without any conditions.

He says it will happen if it stays under $11k which is a pretty valid guess imo. I'll buy more tomorrow to help to invalidate this TA. If you want the same thing, you should too.

This thing won't go to $100k by itself, somebody has to buy it from $10k and $20k... $60k... and all the way up to $100k. Believe it or not, Some will even buy it at $100k.

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up. 

[serveria.com]

Enky deserves much more respect IMHO as he predicted the bear and liquidated at ~$12k. Not sure if he rebought lower but at least he predicted the direction correctly...   

[mindrust]

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up. 

I wasn't wrong, you are the mirror image of gembitz.

 

$500k Weeeeeeeeeeeee

I hope you are right but probably not.

[soxxx]

Don't get mad at Luc.

He doesn't say it is going go to $6k without any conditions.

He says it will happen if it stays under $11k which is a pretty valid guess imo. I'll buy more tomorrow to help to invalidate this TA. If you want the same thing, you should too.

This thing won't go to $100k by itself, somebody has to buy it from $10k and $20k... $60k... and all the way up to $100k. Believe it or not, Some will even buy it at $100k.

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up. 

When it hits $100k the fomo will be real. I definately agree that we can see it run up to anywhere between $200k-$400k, and this will all go down within a month or so after hitting $100k

[LFC_Bitcoin]

Don't get mad at Luc.

He doesn't say it is going go to $6k without any conditions.

He says it will happen if it stays under $11k which is a pretty valid guess imo. I'll buy more tomorrow to help to invalidate this TA. If you want the same thing, you should too.

This thing won't go to $100k by itself, somebody has to buy it from $10k and $20k... $60k... and all the way up to $100k. Believe it or not, Some will even buy it at $100k.

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up. 

Bruh, I think 350-450k might be a bit ambitious for this cycle. That kind of price will come in 2025 or something a year after the 2024 halving.

Just my opinion but obviously would love you to be right.

[OutOfMemory]

"A new audio recording from Wuhan (received through encrypted channel, voices are disguised), claiming they’ve cremated 127 bodies just yesterday along. This is 30x official data. Need your help with translation. #coronavirus"

https://twitter.com/howroute/status/1226247756425170944

More translation is provided in the comments. Someone impersonated a central Chinese Government official and questioned a funeral home operator for details about their operation. Funeral home employee fell for the trick and spilled the beans. Brilliant. Bitcoin moon, RIP CCP.

edit: Here is a shorter clip of the video with translation.

https://twitter.com/htommy998/status/1226210668400930816

"- 11 burner 50 minutes/body
- two shifts each staff sleep 2-3h/day
- Gov requires body pick-up within 1.5 hours after death
- Estimate: this midsize crematorium cremates about 176 bodies/day. Hankou is larger."


"There are 6 crematoriums in Wuhan. Let’s use average 176 coronavirus death/day/crematorium.

176*6 =1056

Assume deaths in Wuhan counts 90% of total China’s coronavirus death/day

1056/90%= 1173

Assume it started a month

Total death =1173*30 = 35200"

Not quite correct, considering that roughly 200 people are dying in wuhan on a daily basis, i mean normal deaths.
Now this also adds the possibility that some more "normally" deceased people are yet to be discovered because of the lockdown, but this should also have minor influence.

[Biodom]

Don't get mad at Luc.

He doesn't say it is going go to $6k without any conditions.

He says it will happen if it stays under $11k which is a pretty valid guess imo. I'll buy more tomorrow to help to invalidate this TA. If you want the same thing, you should too.

This thing won't go to $100k by itself, somebody has to buy it from $10k and $20k... $60k... and all the way up to $100k. Believe it or not, Some will even buy it at $100k.

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up.  

Bruh, I think 350-450k might be a bit ambitious for this cycle. That kind of price will come in 2025 or something a year after the 2024 halving.

Just my opinion but obviously would love you to be right.

Maybe, but I have penciled in $70K-357K range ($350 is at the border, obviously) based on prior stats.
The median of $70-357K is about $213K, which is my best case scenario for the moment.
S2F predicted 6K level for the last cycle, we went about 3-3.5 times that in 2017.
If $100K is the average for the next cycle, then 300-350K is a similar size spike (followed by a 'plunge' to about $50-60k at the local bottom).

[LFC_Bitcoin]

Interesting, thanks Biodom. I needed that shot of HOPIUM.

+5 Merit’s coming your way!

[Gyrsur]

"Bitcoin is the largest wealth redistribution mankind has ever seen."  --Gyrsur

think of this below please.

ppl group 1: mined/bought < $1 --> sold > $10
ppl group 2: mined/bought < $10 --> sold > $100
ppl group 3: mined/bought < $100 --> sold > $1k
ppl group 4: mined/bought < $1k --> sold > $10k
ppl group 5: bought < $10k --> sold > $100k
ppl group 6: bought < $100k --> sold > $1m
ppl group 7: bought < $1m --> sold > $10m

ppl group 0: mined/bought at any price --> sold never (Satoshi style)

EDIT: don't let the example confuse you. there is no just black and white in real life. ppl might be belonging to more than one group.  

[serveria.com]

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up. 

I wasn't wrong, you are the mirror image of gembitz.

 

$500k Weeeeeeeeeeeee

I hope you are right but probably not.

Gembitz is history I guess. The peeps behind that account don't need it anymore as the new bullrun starts. I'm not sure if jono and proudhon guys are going to appear here on WO as well..  

[serveria.com]

Don't get mad at Luc.

He doesn't say it is going go to $6k without any conditions.

He says it will happen if it stays under $11k which is a pretty valid guess imo. I'll buy more tomorrow to help to invalidate this TA. If you want the same thing, you should too.

This thing won't go to $100k by itself, somebody has to buy it from $10k and $20k... $60k... and all the way up to $100k. Believe it or not, Some will even buy it at $100k.

This time BTC is going to $350-$450k so LOTS of peeps are going to jump in at $100k and further up. 

Bruh, I think 350-450k might be a bit ambitious for this cycle. That kind of price will come in 2025 or something a year after the 2024 halving.

Just my opinion but obviously would love you to be right.

That is not a prediction actually, that's pure maths (if the growth rate stays the same). 

[mindrust]

ppl group 0: mined/bought at any price --> sold never

I'd rather be on the other groups than taking my coins to my grave.

All that wealth don't mean shit when you are dead. At some point you should want to cash out if not, something isn't right there.

[Wekkel]

And of course:



I almost forgot 

[Biodom]

Opinion: Buffett would buy btc when it would be about 500bil (that's his trigger point, see AAPL), pushing it almost singlehandedly to 1.5tril.
CBs would do the rest.

[jojo69]

Maybe, but I have penciled in $70K-357K range ($350 is at the border, obviously) based on prior stats.
The median of $70-357K is about $213K, which is my best case scenario for the moment.
S2F predicted 6K level for the last cycle, we went about 3-3.5 times that in 2017.
If $100K is the average for the next cycle, then 300-350K is a similar size spike (followed by a 'plunge' to about $50-60k at the local bottom).

that some dank ass hopium right there

[Gyrsur]

ppl group 0: mined/bought at any price --> sold never

I'd rather be on the other groups than taking my coins to my grave.

All that wealth don't mean shit when you are dead. At some point you should want to cash out if not, something isn't right there.

no, this is not what it is meaning. one of the primary aims of Bitcoin was to establish an alternative system to the FIAT system where you never need to change your bitcoins to fiat and fiat back to bitcoins. --> What is Bitcoin? (v1)

[mindrust]

ppl group 0: mined/bought at any price --> sold never

I'd rather be on the other groups than taking my coins to my grave.

All that wealth don't mean shit when you are dead. At some point you should want to cash out if not, something isn't right there.

no, this is not what it is meaning. one of the primary aims of Bitcoin was to establish an alternative system to the FIAT system where you never need to change your bitcoins to fiat and fiat back to bitcoins. --> http://What is Bitcoin? (v1)

Cashing out doesn't necessarily mean buying FIAT. A house, a car, other investments are also "cashing out".

Hodling forever isn't healthy.

Also how do we know if that guy who bought from $1 and sold @ $10 sold his stash completely, we can't. I never said "go all out" anyway.

[Gyrsur]

ppl group 0: mined/bought at any price --> sold never

I'd rather be on the other groups than taking my coins to my grave.

All that wealth don't mean shit when you are dead. At some point you should want to cash out if not, something isn't right there.

no, this is not what it is meaning. one of the primary aims of Bitcoin was to establish an alternative system to the FIAT system where you never need to change your bitcoins to fiat and fiat back to bitcoins. --> http://What is Bitcoin? (v1)

Cashing out doesn't necessarily mean buying FIAT. A house, a car, other investments are also "cashing out".

Hodling forever isn't healthy.

just mined or bought and never sold but still buying things with bitcoins directly.

your right my peace. 

[Lambie Slayer]

Just looking at this from a strictly numbers view, putting all emotions aside about death and doom, etc.

Coronavirus mostly kills older people. Older people mostly don't own Bitcoin and have little interest to buy it compared to younger people. When they die they leave money and assets to younger people. Younger people use money and sell assets to buy Bitcoin. Moon.

except this old person. i plan to die with zero btc (or most any assets actually) left. the timing is iffy; im still working on a workable timeline for the various events planned.

Does this mean you are leaving your wealth to young hookers and coke dealers, who will then buy Bitcoin == Moon??