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

[LFC_Bitcoin]

Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.

Just a little blast from the past.

Haha, brilliant!
Fuck that now, add another 0 on the to satisfy my needs

I’ll Merit this later, currently out.

[jojo69]

Ok, this seals it for me, the bio-engineered virus is a spook operation for sure. Probably CIA is only agency with access to such bio-weapons or authority to commandeer such access. NSA is branch of army so maybe them too but unlikely to get involved. May even be a rogue branch that 'slipped up' while doing their hidden masters bidding from the seat of the UN or some other global secret society power, e.g. Fabians.

The virus was engineered by a laboratory in Wuhan, and includes parts of tuberculosis and HIV. However, most of those reported with the virus dont have it, and most deaths also have nothing to do with it. Basically, anyone dying from pneumonia or from a cold is being marked in hospitals as a victim from the virus. The virus is real, but the pandemic is fake.

The ones who died in China, however, were infected by it. Since its a hybrid virus, it needs a push to work properly, and this was done with the 5G installed in Wuhan. The process of electroporation allows for remote control of the virus, through the use of nanomilimeter waves. These waves can penetrate the body and reach the cells, but they need an agent and a transmitter, in other words, the virus and the 5G cellphone.

The chinese population was vaccinated against coronavirus in December 2019.

is the water making the frogs gay?

[JayJuanGee]

I'll tell you one more thing. Regardless of my decision about going all back in or not. (I'll probably do it when I feel it is the right time but I am also probably not going to invest like $50k this time, $10k is more likely)

Most bitcoins were mined when their price was below 50 bucks. There are millions of them.

Do you understand what means?

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

One of the reason I was so freaked out when I read there were coins moved to exchanges after 10 foookin years. 10 fookin years.

They can afford to sell it below $1k.

Hey man stop it, this is embarrassing.
You're calling for below $1k BTC? Really?

You swallowed the news and sold the bottom. We all make mistakes. Just don't buy at the top now.
What has become of you?

Consider the logic, too.

Since a large number of bitcoins were mined below $50, therefore, those bitcoins are only worth about $50, currently, so they are profitable to dump those bitcoins at any price above $50, so there is no bottom in this magical internet money....... blah blah blah..

Sure, the price of bitcoin was below $50 for most of the time until mid 2013.. and so around 14 million bitcoins had mining costs below $50.. Gosh.. the first couple of years through 2009 and 2010, bitcoin hardly even had any street value and 1/4 of all the coins ever (like 5million) were mined without hardly any street value.

Fails and refuses to account for appreciation of value, difficulties and costs to mine similar coins today and other factors, such as willingness to of people to pay more for coins in current times.

Makes hardly any sense to suggest that there is no bottom in terms of how far the BTC price will go (like the lack of intrinsic value arguments) including failing and refusing to account for/acknowledge currently strong BTC price prediction models that are much more sophisticated than the many bitcoins were mined for under $50 argument.

[JayJuanGee]

Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.

Just a little blast from the past.

Haha, brilliant!
Fuck that now, add another 0 on the to satisfy my needs

Shifting goal posts - otherwise known as "high maintenance"... I am glad that you are not my boyfriend (#nohomo)

[jojo69]

hey

where the fuck is V8?

it's been 4 days...

[hv_]

hey

where the fuck is V8?

it's been 4 days...

Fuel is fcing cheap - streets are empty , Im sure he has fun

 

[JSRAW]

I am glad that you are not my boyfriend (#nohomo)

[Wilhelm]

This was one of the comments:

https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

To da m00n!!!

[Bossian]

Yes, it *has* been that bad ever since the '08 financial crisis: A complete zombie economy hanging by a string.

Eh, we're merely back to 2018 levels. It needs to fall a LOT more to hit 2008 values.

It's nice to remain optimistic but frankly all signs point to a financial and economical breakdown much harder than 2008. I remember 2008 well, and it will feel like heaven compared to 2020. I am not talking about anything related to Bitcoin but many will rush to withdraw fiat, I fear some banks will bankrupt in Europe.
Asia will probably suffer less compared to the West.

[Wilhelm]

I'm actually impressed as hell, that after today and such that we are at $8,100.00 USD BTC as I type this.

You must either be a future traveler or a traveller of the past, Searing. 

Alternatively, you might need to refresh your page or reboot your computer.

Just for the record:  In the past three hours, BTC prices have largely bounced between $5,200 and $5,400....

There have been no significant or meaningful BTC price movements or spikes outside of that price range... so far.  Can ONLY wish.. maybe in a week or two, best case scenario, and a year or so, worser-case scenario (I won't mention the actual worst-case scenario, we already have enough depressing news in actual reality and also coming through the keyboards of certain doom and gloom bear-leaning BTC price prognosticators).

Trying to re-live my 'big balls' 2013 newbie past, when I dumped 1/4 of my take-home income on a KNC Jupiter BTC miner. Man the BTC/Crypto kool-aid was strong back then...

I'm probably gonna 'wimp' out but I'm trying! Damn, I was an 'impressive' newbie...I miss the stupid and dumb luck stuff I used to just do and be correct...and take it as a given...

ah..the BTC/Crypto 'cult' was strong in my heart then.

The days that mining  0.02 BTC a day on a video card was considered a loss....

Risking $1500 to buy 5btc.... those were the days 

[VB1001]

https://twitter.com/glassnode/status/1239612395976159233

We are in an uncertain situation around the world, Bitcoin continues its way, I do not know how long fear will spread in traditional markets, the current price of Bitcoin is because of the current uncertainty, not because of a Bitcoin problem.
Can we keep going down? yes
You decide whether to sell or take advantage of opportunities to buy more.
Disclaimer, this is not a purchase recommendation.

[VB1001]

hey

where the fuck is V8?

it's been 4 days...

He's swapping hats with gretta.

[El duderino_]

hey

where the fuck is V8?

it's been 4 days...

He's swapping hats with gretta.

The man will be taking care of some business at home probably....

We all have families and times are strange, so nothing special of being offline for some days...

[Cryptotourist]

Consider the logic, too.

Since a large number of bitcoins were mined below $50, ~

Mined a few coins in 2013 with a few desktop PC's that were available to me.
It was somewhere around $200 per coin then, and I thought that it was not worth it to carry on mining, as it was more or less the value of the electricity.
Got back in three years after, May 2017. Mined most minable shitcoins in 2018 for fun.

I understand your point.

[John Abraham]

Most bitcoins were mined when their price was below 50 bucks. There are millions of them.

Do you understand what means?

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

You are right that BTC has no bottom. No TA, it can go zero anytime but I don't agree that most of the bitcoins were mined under $50 price of BTC doesn't necessarily mean that all these mined bitcoins are not moved. Other people have valued these BTCs more higher than $50 and it's not $50 for them.
I don't have idea about how many BTC isn't moved 2013 (Would apprecaite if anyone shared a tool to check if available.), depending on that stats, I don't think these will be a couple of millions. I assumed the figure and the opinion is from that assumption. Correct me if I'm wrong.

[El duderino_]

Where is the corn going at... +6K or below bottom.... to many questions, just ride along I guess

[JSRAW]

Fits nicely atm..

[bitserve]

Most bitcoins were mined when their price was below 50 bucks. There are millions of them.

Do you understand what means?

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

You are right that BTC has no bottom. No TA, it can go zero anytime but I don't agree that most of the bitcoins were mined under $50 price of BTC doesn't necessarily mean that all these mined bitcoins are not moved. Other people have valued these BTCs more higher than $50 and it's not $50 for them.
I don't have idea about how many BTC isn't moved 2013 (Would appreciate if anyone shared a tool to check if available.), depending on that stats, I don't think these will be a couple of millions. I assumed the figure and the opinion is from that assumption. Correct me if I'm wrong.

It doesn't matter that much. Many of those coins are already "lost" forever or in very strong hands. In the second choice, we are talking about hodlers that have had the opportunity to sell at this and way higher prices already... and probably they have already extracted as much FIAT as they wanted, so they don't really NEED to sell now at suboptimal prices.

Most of the selling we always see are usually just weak hands, people that needs the money or that simply just realise how much overinvested they really were.

Also in a liquidity crisis some of those hodlers might want to go bargain hunting stocks or other commodities so it is completely natural that BTC price also dumps to the point were they risk/profit ratio is again better than that one of stocks.

In a situation like this, cash is king short term... Althought you don't want to stay on it when the recovery starts as it will be left way behind. When that happens, some will go to stocks, some to BTC, etc... until everything rebalances again.

Past production/acquisition costs (like $50 per coin) are a thing of the past. I bought my first coin at around 50€. Yet that figure is now completely irrelevant to me after having had plenty of opportunities over the years to sell it for thousands... and even having bought others for thousands instead. So that's how much I value my coins.

Would I sell for less if I really *NEEDED* it? Probably... if I really can't avoid it.

I am sure someone with heaps of those $50 coins is not in much need. Even though, some will sell... and some others will buy. As it has always been.

[Cryptotourist]

Fits nicely atm..

Quoted for posterity. 

[bitebits]

Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.

Just a little blast from the past.

And LFC is still buying like a bandit today.  Add another 5 years and he is probably still just wall observing. From his private island. And fucking deserves it for taking the risk.