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

[Wekkel]

[...] Can’t see that taking a long time anymore (in a free market), there simply is too much money to be made.

You are essentially describing the path to greater adoption. Bitcoin won't become big because of an increasing use, but because of more and more value being captured in this asset class.

[bitebits]

Interesting way of looking at Bitcoin:


https://twitter.com/francispouliot_/status/1258378508860088321

Bitcoin era #3:
- 100% uptime
- major updates 0.13 -> 0.19
- crushed Chinese mining pool cartel
- crushed "vc-backed" hostile takeover
- segwit, coinjoin, lightning and Liquid
- full node hardware/software kits
- institutional $
- 100x hashrate
- 15x price
- 100x daily tx value

[Globb0]

Nice. Things are going better.

Remember though: It's not that bitcoin is worth more. It's that fiat is worth less.

Am relatively confident I didn't pay 3x more for my shopping than I did a couple of months ago. I'll check again.

He accidentally put a space in worthless

[bitebits]

Some positive notes on Bitcoin's potential:
https://www.goldmoney.com/research/goldmoney-insights/time-to-learn-about-money

FTFT:

[...] “the reasons for using cryptocurrencies as an escape from failing fiat will disappear when if gold becomes money again [...]”

[kurious]

Everyones shitting on the idea that we will bart down.. that just gives me more confidence that im right

Why? Because many experienced Bitcoiners think you're full of it?

Experienced bitcoiner =/= experienced trader

Note that your (in)equation obeys the reflexive principle.

The trail of the dead in Bitcoindom is populated with many conventional traders that think their previous success in other markets uniquely qualifies them to apply the same principles to Bitcoin.

Why does everyone keep assuming Im a trader who traded traditionals in the past? Ive been trading crypto for a while now and a Bart is a purely crypto formation, ive been trading those for a while now too, sure, I admit this time my trade did'nt work out that well, but no trader is 100% accurate, as long I am correct atleast some times I will continue to make money.

'Everyone' is now just assuming you're not worth taking much notice of.   You've popped up all full of yourself, proved you're an idiot in a very short time span and probably joined a fair few people's ignore list.

Now if you want to be read at all, stop digging, learn a little humility and you may over time earn some stripes. 

Speculation is ok, but maybe don't make bold assertions about Bitcoin's price movement? It tends to bite those who do in the ass.

[bitcoinPsycho]

$100,000 BTC In one hour  

[Last of the V8s]

https://bitcointalk.org/index.php?topic=5246377.0
[FREE RAFFLE] RxAlts Halving Series Continues: 2019 Bitcoin Penny Short Roll

OP updated through this post. Roughly 24 spots remain! Let's roll soon?!

Let's do this 

[Wekkel]

Some positive notes on Bitcoin's potential:
https://www.goldmoney.com/research/goldmoney-insights/time-to-learn-about-money

FTFT:

[...] “the reasons for using cryptocurrencies as an escape from failing fiat will disappear when if gold becomes money again [...]”

It won’t. You will not pay your coffee with Gold.

With Bitcoin either, but that’s another story.

[El duderino_]

via Imgflip Meme Generator

[Wekkel]

https://i.imgflip.com/40lwh5.jpg

Made a mistake once years ago selling early, hoping for 'The Dip'.

Never made that mistake again.

[LUCKMCFLY]

Excellent views.

Using a log chart, Pal continued, likewise produces “a 1 standard deviation move to $40,000 and a 2 standard potential to $1m (potential).”

The sky-high figures fall in line with similar findings by PlanB, creator of the stock-to-flow Bitcoin price forecasting model. Pal referenced the model’s findings, which give an average BTC/USD value of $288,000 between 2020 and 2024, with the potential to at least double that as a maximum.

Source: https://cointelegraph.com/news/perfect-wedge-makes-1m-bitcoin-more-likely-than-ever-raoul-pal

Some miners expect the price of Bitcoin for Halving to go above $ 12k. I like these expectations.

[HairyMaclairy]

We are now at 80 RSI on the daily.  Overbought.  

[Last of the V8s]

We'll meet again
Don't know where
Don't know when
But I know we'll meet again
Some sunny day

Keep smiling through
Just like you always do
'Till the blue skies chase
Those dark clouds far away

And I will just say hello
To the folks that you know
Tell them you won't be long
They'll be happy to know
That, as I saw you go
You were singing this song

We'll meet again
Don't know where
Don't know when
But I know we'll meet again
Some sunny day

And I will just say hello
To the folks that you know
Tell them you won't be long
They'll be happy to know
That, as I saw you go
You were singing this song

We'll meet again
Don't know where
Don't know when
But I know we'll meet again
Some sunny day


Hon Sec.

[Wekkel]

We are now at 80 RSI on the daily.  Overbought.  
https://i.imgur.com/aUVIXNR.jpg

In case of Bitcoin mega rallies, the hurdle is RSI above 85 on the 3 day chart:



We are at 70 right now 

[vapourminer]

woke up to just shy of 10k USD at that other exchange.

close enough to make me smile. looks like it could be a fine day.

[vapourminer]

You throw us in the pit for dead, but we climb out.

we all need more exercise and climbing out of pits is ok for now.

scaling a new higher mountain would be perfect though. i can see one in the distance now.

[Last of the V8s]

Armstrong fans - geddit? sauce https://bitcointalk.org/index.php?topic=1082909.msg54267405#msg54267405


meanwhile some of these rotten epidemiologists could do with that coding book

[vapourminer]

Just put in an order my wife has been preparing for the past month. Though the low price gave me an excuse to tell her she couldn't shop.

seriously? and she actually didnt shop?

cool. my wife just stays on the gas pedal. i cant see how the post office loses money when just what she alone buys online should keep it afloat.

[Indymoney]

https://i.imgflip.com/40lwh5.jpg

Made a mistake once years ago selling early, hoping for 'The Dip'.

Never made that mistake again.

I also done few times in past but now not doing again as well.

[LUCKMCFLY]

Everything points to favorable reasons to have Bitcoin, just a few days before the big event, there is good news.


Twitter: https://twitter.com/tylerwinklevoss/status/1258453927202349058

Paul Tudor Jones Buys Bitcoin as a Hedge Against Inflation

“The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’ “If I am forced to forecast, my bet is it will be Bitcoin.”

Source: https://finance.yahoo.com/news/paul-tudor-jones-buys-bitcoin-165520128.html

In countries with high inflation, it is imperative to own Bitcoin.