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

[DaRude]

this just in

Proudhon cures Covid!

https://www.sciencealert.com/llama-blood-could-play-a-role-in-helping-people-fight-off-coronavirus-infections

Heard Proudhon confirmed it

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[1714037699]

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[JimboToronto]

this just in

Proudhon cures Covid!

https://www.sciencealert.com/llama-blood-could-play-a-role-in-helping-people-fight-off-coronavirus-infections

Llama? Alpaca? Ahhh... who cares?

[STT]

It appears there's about 3300metric tons of gold mined each year, that translates to about global supply of 9metric tons/per day. In comparison, if you have BTC3.5 in about 30yrs you'll own daily global supply of BTC.

The strange thing about the gold supply is that it has risen gigantically in the last century as industrial process and engines have helped achieved great advances in earth moving, add that to other advances already in play prior and the spread of humans to previously unmined locations and the supply is enough to drop the price but the opposite happened and price has always kept up with the various cash measures for it, price appearing to rise.   One reason is human population growth at the same time has risen massively which means we do have more people to buy or use gold but I think gold has just proven itself useful and worthy of holding for tradable value at least long term.   If governments were doing a good job they would make this value more even and viable to their populations to provide stability for domestic and business growth but they dont.  We've come up with our own alternatives like crypto but both give a similar purpose to avoid politics manipulation and failings towards people savings.
There is about enough gold for 3 rings for each person on earth apparently,  most have none I think.

BTC price recovered the 2 day average today, confirmed it as a low a few times and now has 9200 as a larger target overhead.

[JimboToronto]

get off Jimbo's lawn

LOL I haven't had a lawn since the 1970s.

Lived in houses downtown most of my life with zero lawns. At one time a quarter century ago, I owned 3 houses and no lawns.

Last time I had a lawn was when I made the mistake of living in the burbs for a couple of years. Never mowed it. Pissed the neighbors off. Someone murdered the beautiful thistle that was its crowning glory. Always wanted to plant more dandelions to beautify it. That would've really pissed them off.

I could never understand why people wanted boring plain green single-species lawns. Why not just get astroturf? Save a lot of time, money and headaches.

If I had a lawn, anybody could feel free to walk all over it. Just don't step on my blue suede shoes.

[d_eddie]

Vegetation phase again?

[jojo69]

Vegetation phase again?

put it in the light dep

[JayJuanGee]

Tether is the weakest link and a prime target, so it's not a matter of if Tether will go down but a matter of when...

Let me, for a second, go along with your presumption that bitcoin is vulnerable to losing value because tether is propping up its price too much by causing more liquidity than what would otherwise be present.
 That is a pretty BIG presumption.. but let's just accept such presumption as a given.

Then...

What if Tether goes down in 50 years?  Why the fuck should we care?

Let's make it a shorter period of time.  What if it goes down in 10 years?  That is still pretty far into the future too.

No, no, no... you are presuming Tethers impeding death... because regulators have been going after it for years and years... therefore, it must be impending to die sooner than 50 years, right?

It could go any minute, right?

That's what she said.

[JayJuanGee]

Some of us, surely need to work on our brains, first. 

1st?

my few remaining brain cells laugh in your general direction.


hahahahahbbpppftt

I think that I get your point.

There are some of us who have been working on a our brains for a damned long time, and we have to work on making sure that we can get our bodies from point A to point B.

Fair enough.. fair enough.

We also have to make sure that we do not get the corona virus.  O.k. boomer.  Or should we change the expression... o.k. Jim.   

[JSRAW]

~snip~

Nice read Jimbo..

-----
@infofront new poll?

ChartsBTC Update.

The 3rd #bitcoin halving cycle is complete Cara de festejo
Genesis $0
1st Halving $12
2nd Halving $658
3rd Halving $8,572

[img width:100]https://i.imgur.com/r0kCezf.png[/img]

Source: https://twitter.com/ChartsBtc/status/1260230406835630084

More beautiful charts..

Dude went gaga on charts.

https://twitter.com/ChartsBtc/status/1260248990999699457?s=19


https://twitter.com/ChartsBtc/status/1260257580502278145?s=19

#bitcoin went up 13x from halving to halving.  

$8,572 3rd halving / $658 2nd halving = 13x

https://twitter.com/ChartsBtc/status/1260262087244144640?s=09


https://twitter.com/ChartsBtc/status/1260272677236772864?s=09

Whats next...?? With in 2 year
8572 * 7x  = $60,004  
8572 * 10x= $85,720
Or Biiiiiggg rally?

[jbreher]

More to the point: Requiring the wearing of masks is like requiring the wearing of pants. Sorry, otherwise you smear your shit everywhere you sit, thus society requires pants. You exhale virus particles and infect others so society requires masks.

Which, of course, is why it is mandatory, under penalty of fine and imprisonment, to swaddle your fur baby in Doggie Diapers^[tm] whenever they are outside your home.

 

[JayJuanGee]

Whats next...?? With in 2 year
8572 * 7x  = $60,004  
8572 * 10x= $85,720
Or Biiiiiggg rally?

Well, if you are looking at the BTC price at the time of the halvening, then the BTC price at the time of the next halvening, could be interesting... and that could reasonably end up landing somewhere in the 7x to 10x arena as you indicated, and seems really difficult to know where the BTC price might land in 4 years, and where it might land in 2 years or within the peak of the next price run (if we get one) is another question.

Seems to me that the range in which BTC prices might peak in two years or less (perhaps 18 months) would likely have a much broader range of possibilities that are greater than 7x to 10x.

So if we remember the BTC price from the 2016 halvening (yeah its in your charts as mid $600s), then calculating from that jumping off point to the next high of about $19,666 in December 2017 (about 18 months later), we got about a 30x price increase.

Let's hope that we do not get a 30x BTC price increase from this 2020 halvening in around 18 months because we would all be too stressed out by going up that greatly, correct?  

$8,572 x 30 = $257,160 .  Those levels of BTC prices would be tough to deal with, right JSRAW?  

That is why you had proposed a 7x to 10x BTC price increase range in order that we will feel MOAR better, and not become tooooooo cittttteeeeee?  you are saving us from ourselves? right JSRAW?   

[Hueristic]

[jbreher]

too... many... pages....

must... keep... going...

[jojo69]

we are confident you will soldier through

[JSRAW]

Whats next...?? With in 2 year
8572 * 7x  = $60,004  
8572 * 10x= $85,720
Or Biiiiiggg rally?

Well, if you are looking at the BTC price at the time of the halvening, then the BTC price at the time of the next halvening, could be interesting... and that could reasonably end up landing somewhere in the 7x to 10x arena as you indicated, and seems really difficult to know where the BTC price might land in 4 years, and where it might land in 2 years or within the peak of the next price run (if we get one) is another question.

Yeah, Halving closed price range is landmark..
Hard to tell where it might land in next 4 years but if we look at last 2 halving closing price range, then it could give us some roadplan for speculation

2nd halving ($658)
3rd halving ($8572)

13x difference, so if we take this as a benchmark or speculate from here then it put us around $111,436 by the end of the 4th halving.

Seems to me that the range in which BTC prices might peak in two years or less (perhaps 18 months) would likely have a much broader range of possibilities that are greater than 7x to 10x.

So if we remember the BTC price from the 2016 halvening (yeah its in your charts as mid $600s), then calculating from that jumping off point to the next high of about $19,666 in December 2017 (about 18 months later), we got about a 30x price increase.

Holy cow 30x.. Everyone would like to see that happening. BTW do you really think that there is big possibility of another parabolic run similar to last one in short period of time? I can live with that if there is even 1% chance.

Let's hope that we do not get a 30x BTC price increase from this 2020 halvening in around 18 months because we would all be too stressed out by going up that greatly, correct?

$8,572 x 30 = $257,160 .  Those levels of BTC prices would be tough to deal with, right JSRAW?  

That is why you had proposed a 7x to 10x BTC price increase range in order that we will feel MOAR better, and not become tooooooo cittttteeeeee?  you are saving us from ourselves? right JSRAW?   

Perhaps, Some of us might get panic attack if its happens..    

But i just don't want to jinx anything even in speculation . Will celebrate the victory when we cross the finish line. Till then i am keeping my head down and stacking Sats.

[jbreher]

Everyone is saying by 2023 we will be rich.

We will be rich by 2021. By 2023 we will be filthy rich.  

Nobody knows what will happen

Yes we do !

Of course we do.

But what if we're already rich?

Haha.

What's the way to end up with a small fortune in the music business?

[Paashaas]

I wonder how the WO looks like in 2021 - 2024 range.

[Biodom]

I wonder how the WO looks like in 2021 - 2024 range.

Same as in 2016-2020...cheering when the price moves up, bitching about downturns.

at 200k a price swing of 10% is 20K, lol

[jbreher]

That said, can we finally pass Vegeta for 30th time and be done with it (on the upside, I hope)?

As much as I find the Vegeta meme silly, I must admit it warms the cockles of my heart to know that some stalwart organization is dutifully tabulating the number of times BTC crossed $9000 USD in a positive direction.

[JSRAW]

I wonder how the WO looks like in 2021 - 2024 range.

2030

Warren buffe, Bill cates, Mark suckerbag : "Yeah Paashaas, we missed the boat?"