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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 56 (34.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25377044 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. (157 posts by 13 users deleted.)
JayJuanGee
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ESG, KYC & AML are attack vectors on bitcoin


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July 09, 2020, 09:16:06 PM

In 2021, #Bitcoin  will be 12.5 years old and has risen from $0.0025 to over $9000.

In 2021, Fiat (eg. GBP, USD) will celebrate 50 years of replacing gold as the world's dominant money—only 4X longer than the age of BTC!—and has devalued 95% due to inflation.

Do the math.

https://twitter.com/obi/status/1281145849326829570?s=21

OK, but why he is talking about btc and $ (fiat) in 2021?

Inflation calculator shows that dollar is worth about 16% and not 5% from 1971.
https://www.usinflationcalculator.com/

Could it drop to 5% in one year-possible, but unlikely.
I get the thesis, though, but numbers are wrong (for now).

He is speaking from the future.

So, he can use whatever numbers that he wants, and if you do not happen to have a time machine, you cannot question those numbers....

Either get a grip, or get a time machine, Biodom.   Angry Angry Angry

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Wilhelm
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July 09, 2020, 09:24:27 PM

In 2021, #Bitcoin  will be 12.5 years old and has risen from $0.0025 to over $9000.

In 2021, Fiat (eg. GBP, USD) will celebrate 50 years of replacing gold as the world's dominant money—only 4X longer than the age of BTC!—and has devalued 95% due to inflation.

Do the math.

https://twitter.com/obi/status/1281145849326829570?s=21

So at the same growth rate in 2033 it will be $32.4B per BTC....

That works for me Cool

(This is insanely stupid, linear unicorn math)
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July 09, 2020, 09:39:56 PM

This boy is about to dive into a wel earned

#HODLsleep
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July 09, 2020, 09:41:40 PM

In 2021, #Bitcoin  will be 12.5 years old and has risen from $0.0025 to over $9000.

In 2021, Fiat (eg. GBP, USD) will celebrate 50 years of replacing gold as the world's dominant money—only 4X longer than the age of BTC!—and has devalued 95% due to inflation.

Do the math.

https://twitter.com/obi/status/1281145849326829570?s=21

OK, but why he is talking about btc and $ (fiat) in 2021?

Inflation calculator shows that dollar is worth about 16% and not 5% from 1971.
https://www.usinflationcalculator.com/

Could it drop to 5% in one year-possible, but unlikely.
I get the thesis, though, but numbers are wrong (for now).

He is speaking from the future.

So, he can use whatever numbers that he wants, and if you do not happen to have a time machine, you cannot question those numbers....

Either get a grip, or get a time machine, Biodom.   Angry Angry Angry



An honest word from me about that post....

I only did inhale the hopium out of it  Tongue
aesma
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fly or die


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July 09, 2020, 10:11:05 PM

We currently have the "Golden Cross" on a 2-day chart (MA50 crosses with 200), which has only happened 3 times so far and has always been a sign to a massive bull run.

But I just keep thinking, that if you throw a coin three times and you got the head, it is mathematically very doubtful that you would also throw it for the fourth time in a row.


https://bitcoinist.com/this-historically-accurate-bitcoin-bullish-indicator-flashes-again/

Additionally, we have just broken strong support that has shaped and maintained BTC's upward trend in the past few months, which may indicate a strong correction that is currently ahead of us.
Tough times for traders coming.


https://www.youtube.com/watch?v=y0gQSFIa90g&t=1440s

I haven't seen so many contradictory signals in BTC for a long time  Huh

The last line of defense is actual support at 8600$ (green arrow at the screen above), once broken there will be no doubt we are going down.

I hope something totally opposite happens, fingers crossed.

My buy orders are ready.

My sell orders are also ready.

My non trading stash is hodling.
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July 09, 2020, 10:18:55 PM

More stock market correlation today. Only a little blip. But when will we finally decouple?  Roll Eyes  C'mon corn, you're better than this....
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July 09, 2020, 10:49:35 PM
Merited by BobLawblaw (2), Hueristic (1), JayJuanGee (1), machasm (1)

So, if grumpy works for you, let it be so.

Starting to experience COVID19 fatigue. We are being utterly barraged with bad information from all sides, and it's difficult to stay on top of everything, trying to filter out the noise. How many times have they flip-flopped on efficacy of HCQ for treatment, now ?!??

Also, really pissed off at all the BLM shit going on. If it were up to me, I would declare them a terrorist organization, right next to Anfita. The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

To your point about our HODLings, I really have no right to complain about anything financial related. It's just other shit going on in the world right now that is causing me some existential angst.

I think picking up nihilism has been a net-negative for me, but it's giving me an interesting perspective on the futility of everything.

Trying to make peace with that.

I found that the best thing to draw from nihilism is that, if life has no intrinsic purpose or meaning, then that gives us a great opportunity of being able to choose what meaning to give to it. And that can be entirely your choice. So if you can choose, it makes sense to fill it with a huge helping of love instead of fear. It seems that every decision we make is based in either love or fear, so just try to choose the former as often as you can remember to.

And if that's a big crock of shit, well at least you'll spend your life spreading more love than hate, which can't be a bad thing.

#nohomo
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July 09, 2020, 11:22:33 PM
Merited by BobLawblaw (2), Searing (1), JayJuanGee (1), psycodad (1)

Starting to experience COVID19 fatigue. We are being utterly barraged with bad information from all sides, and it's difficult to stay on top of everything, trying to filter out the noise. How many times have they flip-flopped on efficacy of HCQ for treatment, now ?!??

Also, really pissed off at all the BLM shit going on. If it were up to me, I would declare them a terrorist organization, right next to Anfita. The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

To your point about our HODLings, I really have no right to complain about anything financial related. It's just other shit going on in the world right now that is causing me some existential angst.

I think picking up nihilism has been a net-negative for me, but it's giving me an interesting perspective on the futility of everything.

Trying to make peace with that.

Antifa is a terrorist organization? Hm. I haven't seen them running cars into protesters or killing people as of late. BLM is getting odd, but they haven't yet started taking over Federal land and threatening to shoot FBI agents outside.

As for destroying statues... That's about as old as time itself. Check with the ancient Egyptians on that one. Ultimately they are political items, rallying points, and yeah they take political abuse. Boo hoo.

Really: Please don't let the other shit get personal to you and grind your gears: That's what *they* want: To make you choose sides and support *their* agenda. Don't fall for it when the stakes are pointless. Take the steps needed to protect *you* and the ones you love first, then if you have leftover energy go on a crusade.

And be glad you have bitcoin: Because bitcoin gives you the CHOICE to get involved or sit shit out. Lot of people work minimum wage slave jobs and have to suck up to their masters, do what they say, and deal with it. We don't have that problem, and it's something to be grateful for.

*hugs* (because you're homo, so it's ok)
JayJuanGee
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July 09, 2020, 11:43:31 PM
Last edit: July 10, 2020, 02:42:04 AM by JayJuanGee
Merited by BobLawblaw (4), AlcoHoDL (1)

So, if grumpy works for you, let it be so.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

It would really be difficult to expect any kind of immediate effect from this most recent halvening.  In respect to hash power, we did get a bit of what seemed to have been a mining front-running that caused hashpower to go up prior to the halvening, and then a few adjustments on the hashing power downward that still ended up largely continuing to show upward movement in the hashing power over the past 6 months, even though there was a downward hashpower blip there right after the halvening.... so in that sense, bitcoin seems to be working as it was intended to work, and no real hashpower issues presented themselves through this most recent halvening... .so really, that kind of non-issue in regards to mining and mining incentives should be bullish as fuck.

Another thing is that a decent amount of time could pass before the reduction of the new bitcoin supply is really felt (going from 12.5 to 6.25), and even in 2016, it took several months for the upwards BTC price pressures to increasingly be felt - and even with that, we cannot know if this time had a bit more of the havening event already priced in or NOT so we cannot be sure if the up (presuming that it comes) is going to play out similarly as last time around (don't get me wrong, I am NOT much of a "priced-in" theory advocate, but I am just trying to say that we really don't know the pattern of how the price plays out this post halvening as compared with last time).

In other words, we are barely touching upon two months post halvening, and sure we might be largely flat in terms of the BTC price right around the time of the halvening as compared with now - even though there was a decent amount of both up and down BTC price movement within the week before the actual halvening.

Call me a party poop, but I am not even going to be upset if BTC price ends up still being in the sub $10k arena a couple of years from now.  I am just not trying to create expectations that are too great for myself (and something like BTC that is largely outside of my control), even though I still believe that there are pretty decent odds that some kind of upwards exponential BTC price growth is going to happen within the next two years, and probably even less than that, without really knowing for sure and not really even causing myself to get depressed if we were still somewhere between $5k and $9k two years from now, even though there are good odds of higher BTC prices than that... especially given all of the circumstances and the seeming fundamentals.. and I am going to say the same thing to someone just getting into bitcoin about halving a long timeline in terms of expectations.. and don't expect too much from bitcoin in the shorter time frames... because having too high of expectations remains a set-up for psychological disappointment....

Sure any BTC accumulator and HODLer and even newbie into bitcoin might be pleasantly surprised by upwards BTC price movements in the short term, but the surprise remains far from guaranteed... so also in accordance with that kind of mindset, I am quite grateful for already being into considerable profits with my BTC, which would also be true if bitcoin were within a $5k to $9k price range, now or in two years or even longer from now...

Yes.. maybe sounds too bearish.. but, even DCA'ing into bitcoin and marginal performance of the bitcoin asset into the near-term future seems to have great odds of out performing all other investments, even though such projected likely superior BTC price performance remains in the mix while at the same time, far from guaranteed (holding two conflicting ideas in my head at the same time...  go figure? hahahahaha).

Edit:  A couple hours after this above original post, I added a few more words to this post.. hopefully, to attempt to make the substantive aspect flow better, rather than changing any of the actual substance.. even though longer to read and I maybe might be not sorry about that. Wink
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July 10, 2020, 01:11:45 AM
Merited by BobLawblaw (1)

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July 10, 2020, 01:58:21 AM

The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

You have a problem with tearing down statues of Confederate traitors?
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July 10, 2020, 02:45:35 AM
Merited by sirazimuth (1)

You have a problem with tearing down statues of Confederate traitors?

A little bit. Yes. Our history is what it is. Destroying historical artifacts is fucking retarded.

https://projects.fivethirtyeight.com/confederate-statues/
https://www.history.com/news/how-the-u-s-got-so-many-confederate-monuments
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July 10, 2020, 03:09:04 AM
Merited by jbreher (1)

So, if grumpy works for you, let it be so.

Starting to experience COVID19 fatigue. We are being utterly barraged with bad information from all sides, and it's difficult to stay on top of everything, trying to filter out the noise. How many times have they flip-flopped on efficacy of HCQ for treatment, now ?!??

Also, really pissed off at all the BLM shit going on. If it were up to me, I would declare them a terrorist organization, right next to Anfita. The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

To your point about our HODLings, I really have no right to complain about anything financial related. It's just other shit going on in the world right now that is causing me some existential angst.


On the bright side all that stuff has kept Greta Thunberg out of the news lately.
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July 10, 2020, 03:30:33 AM
Merited by sirazimuth (1), nutildah (1)

These streaming subscriptions are getting out of hand.

https://twitter.com/Carnage4Life/status/1281076027775528961
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July 10, 2020, 04:19:34 AM

More stock market correlation today. Only a little blip. But when will we finally decouple?  Roll Eyes  C'mon corn, you're better than this....

PlanB on latest podcast explain this.. I mean shared his opinion
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July 10, 2020, 04:19:58 AM
Merited by BobLawblaw (2), OROBTC (1), nutildah (1)

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July 10, 2020, 04:42:29 AM

the evening wall report

Steady...Steady as she goes people. Got to find the bottom of those stairs eventually.
4h



Glory and the Moon at the 0.618 or defeat and dishonor back at the 0.382..options are becoming limited. Indicators bunching up together in parallel in a narrow channel can herald a violent price move.
D



#dyor
D

#stronghands
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July 10, 2020, 04:54:13 AM
Merited by JimboToronto (1), JayJuanGee (1), AlcoHoDL (1)

These streaming subscriptions are getting out of hand.

https://twitter.com/Carnage4Life/status/1281076027775528961






Still free. Cheesy
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July 10, 2020, 05:00:04 AM

Seriously Bitcoin, this shit is getting old.
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July 10, 2020, 05:00:40 AM
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Still free. Cheesy

Faith in humanity restored  Grin Grin
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