Bitcoin Forum
March 19, 2024, 10:19:17 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

Pages: « 1 ... 25847 25848 25849 25850 25851 25852 25853 25854 25855 25856 25857 25858 25859 25860 25861 25862 25863 25864 25865 25866 25867 25868 25869 25870 25871 25872 25873 25874 25875 25876 25877 25878 25879 25880 25881 25882 25883 25884 25885 25886 25887 25888 25889 25890 25891 25892 25893 25894 25895 25896 [25897] 25898 25899 25900 25901 25902 25903 25904 25905 25906 25907 25908 25909 25910 25911 25912 25913 25914 25915 25916 25917 25918 25919 25920 25921 25922 25923 25924 25925 25926 25927 25928 25929 25930 25931 25932 25933 25934 25935 25936 25937 25938 25939 25940 25941 25942 25943 25944 25945 25946 25947 ... 33173 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330623 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
fillippone
Legendary
*
Online Online

Activity: 2100
Merit: 15126


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
March 02, 2020, 12:13:57 AM
Merited by OutOfMemory (1)

I am bored, more than scared, by the news on CoronaVirus.
I am in the middle of a region where this is going hyperbolic.
I have contingency plans for the most relevant persons in case things start rolling South.

I needed something a little bit light hearted.

So this is to let you knwo I wrote a little guide on how to setup a "notification machine" for the forum:
#meritislife: how to be notified on a smartband of merits and mentions

Basically a guide on how to forward Giammangiato's bot notification to a smartband, so to be immediately notified of merits and mentions.

Shall I activate also for #Coronavirus twitter handle? Constant Notification nightmare?
 
1710843557
Hero Member
*
Offline Offline

Posts: 1710843557

View Profile Personal Message (Offline)

Ignore
1710843557
Reply with quote  #2

1710843557
Report to moderator
1710843557
Hero Member
*
Offline Offline

Posts: 1710843557

View Profile Personal Message (Offline)

Ignore
1710843557
Reply with quote  #2

1710843557
Report to moderator
1710843557
Hero Member
*
Offline Offline

Posts: 1710843557

View Profile Personal Message (Offline)

Ignore
1710843557
Reply with quote  #2

1710843557
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710843557
Hero Member
*
Offline Offline

Posts: 1710843557

View Profile Personal Message (Offline)

Ignore
1710843557
Reply with quote  #2

1710843557
Report to moderator
1710843557
Hero Member
*
Offline Offline

Posts: 1710843557

View Profile Personal Message (Offline)

Ignore
1710843557
Reply with quote  #2

1710843557
Report to moderator
1710843557
Hero Member
*
Offline Offline

Posts: 1710843557

View Profile Personal Message (Offline)

Ignore
1710843557
Reply with quote  #2

1710843557
Report to moderator
2020VISION
Jr. Member
*
Offline Offline

Activity: 118
Merit: 2

The end approaches..What are you doing to prepare?


View Profile
March 02, 2020, 12:18:55 AM

How many here are into stocks anyway? I never had the means pre-bitcoin but also no interest, especially now.

max satoshi keiser?  Grin Cool Kiss

===>

" battle for hash power "
https://www.youtube.com/watch?v=SJkWLwJ2Hro
Saint-loup
Legendary
*
Offline Offline

Activity: 2548
Merit: 2290



View Profile
March 02, 2020, 12:33:48 AM

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

So what is your prediction? 10-12K at the time of halving what about 2021-2022? Sideways?  Grin

No, it could reasonably be $50K. Maybe more, maybe less. I just say that $100K is probably too much to consider as a reasonable probability. Again, not impossible, depending if Bitcoin is able to regain something similar to 2017 FOMO, but even if that were the case I would not take $100K for granted.

In fact I would prefer a more organic and sustainable $50K than a "fomo" peak to $100K.
I would prefer a real growth to $20k lol  Cheesy
Arriemoller
Legendary
*
Offline Offline

Activity: 2282
Merit: 1767


Cлaвa Укpaїнi!


View Profile
March 02, 2020, 01:01:43 AM

Too far behind to even try to catch up, but I have a little something for you that might explain the rapid spread in Iran. Apparently it's a thing in Iran to lick sacred places and the government aren't shutting them down.
Video: https://twitter.com/i/status/1233783635007954949
jojo69
Legendary
*
Offline Offline

Activity: 3122
Merit: 4271


diamond-handed zealot


View Profile
March 02, 2020, 01:14:43 AM

I can think of a couple sacred places I'd like to lick.
hung58bitcoin
Jr. Member
*
Offline Offline

Activity: 151
Merit: 7


View Profile
March 02, 2020, 01:20:17 AM

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

So what is your prediction? 10-12K at the time of halving what about 2021-2022? Sideways?  Grin

No, it could reasonably be $50K. Maybe more, maybe less. I just say that $100K is probably too much to consider as a reasonable probability. Again, not impossible, depending if Bitcoin is able to regain something similar to 2017 FOMO, but even if that were the case I would not take $100K for granted.

In fact I would prefer a more organic and sustainable $50K than a "fomo" peak to $100K.
I would prefer a real growth to $20k lol  Cheesy
I hope BTC will growth again $10k because I buy at BTC at $10200.
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3008


Welt Am Draht


View Profile
March 02, 2020, 01:31:51 AM

I can think of a couple sacred places I'd like to lick.

I went to an alleyway on the outskirts of Rome and paid off a member of the Swiss Guard for a ten minute play with this.



I could taste some thrush, a hint of swarfega and a whole lot of crystal meth so I'm pretty goddamn confident it was pulled straight off the pope in his sleep.
Biodom
Legendary
*
Offline Offline

Activity: 3696
Merit: 3782



View Profile
March 02, 2020, 02:14:29 AM
Last edit: March 02, 2020, 07:16:58 AM by Biodom
Merited by JimboToronto (1), JayJuanGee (1)

I still think BTC could be around 10-12K before the halving... but those dreams about $100K any time soon (ie in 1-2 years) still look to me to me just like that: Dreams.

Hope they do realise some day though.

$100k might be not possible in 1-2 years, but touching $50,000 at least once by the end of 2021 still looks quite possible to me.

Pish. $50K is the post FOMO blowoff top crash nadir price.

Yes, our last low was approx 2.69x prior high (3122 vs 1160).
Last high was 19,780, hence 2.69x of it is 53K, give or take.
If our prior trend would hold, we would decline about 81% from the putative ATH high to 53K making 278K an assumed predicted high (on a spike), which also makes sense in comparison with the 100K median-state S2F prediction.
The last time median price predicted by S2F was approx 6.7K, we went 2.95x of this at the peak...therefore, 2.95x 100k median is 295K, which almost matches the 278k number derived by other means (295 vs 278).

TL;DR IMHO, any price between 200K-300K is possible at the next peak and 50K is too low.
Lambie Slayer
Hero Member
*****
Offline Offline

Activity: 994
Merit: 707



View Profile
March 02, 2020, 02:33:57 AM

100k=minimum. 400k=aspiration.
Hueristic
Legendary
*
Offline Offline

Activity: 3752
Merit: 4815


Doomed to see the future and unable to prevent it


View Profile
March 02, 2020, 02:39:45 AM

Definitely an inverse relation of price action to WO posts.

Not too hard to keep up the last few days.

Pull it together boys, this too shall pass, do not become weak hands.

You know who I'm looking at. Wink


goldkingcoiner
Legendary
*
Offline Offline

Activity: 1988
Merit: 1582


BTC 100k 2024


View Profile WWW
March 02, 2020, 02:48:01 AM

100k=minimum. 400k=aspiration.

Aspiration is Bitcoin becoming the one and only world currency. This will create a truly free market that will push humanity into the future without corrupt governments being able to push the people down into the ground with overblown taxes and fake inflations. It is about time for people to take the power back from dictators and incompetent rulers of their countries.

And Blockchain will make everything nice and transparent. Proof>Trust.
LUCKMCFLY
Legendary
*
Offline Offline

Activity: 2352
Merit: 1843


Leading Crypto Sports Betting & Casino Platform


View Profile WWW
March 02, 2020, 03:36:14 AM
Merited by fillippone (2)

Interesting.

Quote
Despite $BTC's recent price drop, its hashrate has hit ATH and continues to climb.

#Bitcoin's impending halving is getting closer each day, how do you expect price to react?

Read about Bitcoin & its diversification properties in portfolio management. Flecha hacia abajo
https://research.binance.com/analysis/bitcoin-diversification-benefits



Source: https://twitter.com/BinanceResearch/status/1234311320620584960
Lambie Slayer
Hero Member
*****
Offline Offline

Activity: 994
Merit: 707



View Profile
March 02, 2020, 03:49:07 AM

100k=minimum. 400k=aspiration.

Aspiration is Bitcoin becoming the one and only world currency. This will create a truly free market that will push humanity into the future without corrupt governments being able to push the people down into the ground with overblown taxes and fake inflations. It is about time for people to take the power back from dictators and incompetent rulers of their countries.

And Blockchain will make everything nice and transparent. Proof>Trust.

Yes agree that we will eventually become the Global Reserve Currency. Im referring to the top of the next bubble as 100k-400k. We will have more Bull and Bear markets before we become the reserve currency.
Paashaas
Legendary
*
Offline Offline

Activity: 3413
Merit: 4319



View Profile
March 02, 2020, 04:52:26 AM
Merited by El duderino_ (2), fillippone (2), JayJuanGee (1)

Coronavirus update:

- There are currently 89,068 confirmed cases worldwide, including 3,045 fatalities.

- First cases in Dominican Republic, Czech Republic and Ireland.

- First coronavirus case confirmed in New York City. Washington state reports 4 new cases including 1 new death, in King County. 2 new cases confirmed in California.

- Berlin reports first case.

- Italy reports 42% jump in cases overnight to nearly 1,700

- Indonesia reports first cases of Covid-19.

- New coronavirus cases jump sharply around the globe many infected countries reporting more cases.

- MotoGP of Qatar has been canceled due to coronavirus.

- Turkish Airlines cancels all Italy flights.

- France shuts down Louvre. 30 new cases in France, raising total to 130.

- American Airlines suspending all flights to and from Milan untill 25 April.

- Juventus quarantines U23 squad.

- Armenia closing schools for a week.

- British citizens and some diplomatic staff have been evacuated from the UK's embassy in Tehran.

- Morocco will postpone sports and cultural events.

- Panic buying in supermarkets.




Dramatic drop in levels of air pollution after closing down China's factories.
rolling
Hero Member
*****
Offline Offline

Activity: 824
Merit: 712


View Profile
March 02, 2020, 05:32:52 AM
Last edit: March 02, 2020, 05:45:55 AM by rolling

100k=minimum. 400k=aspiration.

Aspiration is Bitcoin becoming the one and only world currency. This will create a truly free market that will push humanity into the future without corrupt governments being able to push the people down into the ground with overblown taxes and fake inflations. It is about time for people to take the power back from dictators and incompetent rulers of their countries.

And Blockchain will make everything nice and transparent. Proof>Trust.

Yes agree that we will eventually become the Global Reserve Currency. Im referring to the top of the next bubble as 100k-400k. We will have more Bull and Bear markets before we become the reserve currency.

One big thing will need to change before it becomes the global reserve currency though. It will have to be declared a currency by most of the world. There is no way it grows to that level as a taxable commodity.

Edit: Other currencies could be backed by bitcoin though.
bitebits
Legendary
*
Offline Offline

Activity: 2188
Merit: 3072


Flippin' burgers since 1163.


View Profile
March 02, 2020, 06:13:41 AM
Merited by JayJuanGee (1)

Been thinking about it a bit more. Bitcoin does not produce anything. There is no dependency on any supply chain being functional or not. Dumping your precious bitcoins like a company stock because of a non computer virus makes absolutely no sense. It is an irrational decision unless your purpose is to try an buy them back cheaper, and we all know how that worked out over the last 10+ years for Joe Average.

The problem is that a fair amount of BTC is owned or at least manipulated by Wall Street and large institutions like Bakkt and the CME. Wall Street views bitcoin has an extremely high risk asset, meaning it is the first asset to get sold off whenever there is a panic of sorts. Only after Wall Street has minimized its involvement with BTC and regular folks feel comfortable with their amount of fiat money will BTC's price begin to stabilize.

Sorry to be the bearer of bad news, but that's what I believe.


And that is where sellers of any size are wrong.

First volatility != risk. Retail investors often act emotional (the human monkey brain has a hard time dealing with ‘losing’) but institutions/algorithms know better. Bitcoin until today is volatile in only one direction: up. It is therefore more likely institutions involved in Bitcoin are selling to compensate for their recent losses in stocks, which is probably why gold went down as well after its multi year high: profit taking.

Second Bitcoin is an uncorrelated asset. It does not care about China, the stock market, covid-19, or even bitebits posting in the WO. Selling bitcoins for any other reason than permanently getting out is stupidity and you will get burnt, whether you are Wall Street or Joe Average.

The <=2015 days when Bitcoin actually was a risky investment are long gone. To those who did I salute you.
bitserve
Legendary
*
Online Online

Activity: 1792
Merit: 1451


Self made HODLER ✓


View Profile
March 02, 2020, 06:20:34 AM
Last edit: March 02, 2020, 06:36:03 AM by bitserve

IF Bitcoin would ever become a recognised reserve currency a lot of years will be needed and a LOT of obstacles would need to be overcome. It is true a long way has already already come, but an even longer remains. So any price predictions that depend on that will still have to wait a good amount of years to materialise. Without that, those price predictions of $400K for the next few years seem bonkers to me, and even a $100K price target in 2-3 years it's still no more than a (plausible) dream.

That being said, I really, really, hope to be proved wrong and make me (incredibly) happy Smiley

On other news, it looks like $8.5K keeps holding. This is fine.

On yet another news:

- Today the figure of 7000 Bitcoin ATM's worldwide will be reached. It has grown from 6326 at 1 jan 2020. That is an average of 337 new installations for each of the first two months of the year. At this current rate it would reach the nice round number of 10000 before EOY. This is fine, very fine.

- LN nodes keep rising in number albeit slowly with 11624 right now.

For any of the above to exponentially rise, something really disruptive would need to happen, like a major traditional ATM provider adding crypto support or some advances on LN neutrino (or similar) so that it can be smoothly run in smartphones. The first one I see it coming sometime soon, not so sure about the second one since I think for LN usage custodial LN wallets are a more practical way to go.
fillippone
Legendary
*
Online Online

Activity: 2100
Merit: 15126


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
March 02, 2020, 06:28:00 AM
Last edit: May 16, 2023, 06:31:50 AM by fillippone

Interesting.

Quote
Despite $BTC's recent price drop, its hashrate has hit ATH and continues to climb.

#Bitcoin's impending halving is getting closer each day, how do you expect price to react?

Read about Bitcoin & its diversification properties in portfolio management. Flecha hacia abajo
https://research.binance.com/analysis/bitcoin-diversification-benefits



Source: https://twitter.com/BinanceResearch/status/1234311320620584960

I am not an expert here, but Antminer launched for general public availability a new miner recently.
They might have been using it undercover and now that's available the difficulty is deemed to rise further.
Bitmain Announces Specs for Next-gen Antminer S19 and S19 Pro Coming Soon
akhjob
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 416


Buy Bitcoin


View Profile WWW
March 02, 2020, 06:43:15 AM
Last edit: March 06, 2020, 11:21:43 AM by akhjob
Merited by Hueristic (1)



https://www.reddit.com/r/Bitcoin/comments/fbevx8/netflix_serie_altered_carbon_2_is_showing_bitcoin

In the Netflix Series, Altered carbon, Bitcoin and other cryptocurrencies are shown in the price tag of some products.
bitserve
Legendary
*
Online Online

Activity: 1792
Merit: 1451


Self made HODLER ✓


View Profile
March 02, 2020, 06:47:29 AM

Interesting.

Quote
Despite $BTC's recent price drop, its hashrate has hit ATH and continues to climb.

#Bitcoin's impending halving is getting closer each day, how do you expect price to react?

Read about Bitcoin & its diversification properties in portfolio management. Flecha hacia abajo
https://research.binance.com/analysis/bitcoin-diversification-benefits



Source: https://twitter.com/BinanceResearch/status/1234311320620584960

I am not an expert here, but Antminer launched for general public availability a new miner recently.
They might have been using it undercover and now that's available the difficulty is deemed to rise further.
Bitmain Announces Specs for Next-gen Antminer S19 and S19 Pro Coming Soon

Yup, that's a plausible explanation. It's nice seeing how, even with the halving so near, the mining industry (providers and miners) keep investing betting on a post-halving price rise. Even if most of the hashrate increase is coming from more efficient devices it must be taken into account that in order to get a positive ROI not only electricity and operational costs need to be taken into account to calculate cost of mining, but also the investment in those new devices.

Of course the cost (per produced unit) for Bitmain itself is probably very low plus they have to make sure to raise the global hashrate to "force" other miners to buy their improved devices if they want to keep in the game. BUt there's no reason to think that "trick" won't keep working as always have.
Pages: « 1 ... 25847 25848 25849 25850 25851 25852 25853 25854 25855 25856 25857 25858 25859 25860 25861 25862 25863 25864 25865 25866 25867 25868 25869 25870 25871 25872 25873 25874 25875 25876 25877 25878 25879 25880 25881 25882 25883 25884 25885 25886 25887 25888 25889 25890 25891 25892 25893 25894 25895 25896 [25897] 25898 25899 25900 25901 25902 25903 25904 25905 25906 25907 25908 25909 25910 25911 25912 25913 25914 25915 25916 25917 25918 25919 25920 25921 25922 25923 25924 25925 25926 25927 25928 25929 25930 25931 25932 25933 25934 25935 25936 25937 25938 25939 25940 25941 25942 25943 25944 25945 25946 25947 ... 33173 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!