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

[600watt]

https://twitter.com/100trillionUSD/status/1325883839361802240

assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

I really hope the coming winter will be the only corona winter we have to go through. right now in German hospitals the ICU's are filled up with as many covid patients as there were in March/April. a neighbor of ours died a few days ago as a result of a covid infection.  the coming months could become very dark. stay safe, stack some sats. eternal bitcoin spring is coming.

[Tash]

Michaël van de Poppe things cheap coins maybe available soon, the big January sell off, or does Santa deliver bargain 10k coins?
https://cointelegraph.com/news/why-a-30-bitcoin-price-crash-should-not-catch-you-off-guard-right-now

[Last of the V8s]

https://twitter.com/scrowder/status/1325867767933759488?s=20

[Phil_S]

6 months after halving?

11/11

That's tomorrow!

[FullNode]

Billionaire Investor Stanley Druckenmiller Says He Owns Bitcoin, Believes Top Crypto Asset Has More Upside Potential Than Gold
Daily Hodl Staff November 10, 2020

Billionaire and famed money manager Stanley Druckenmiller says he has warmed up to Bitcoin and now owns the crypto asset.

Druckenmiller tells CNBC’s The Exchange that he’s predicting a steady decline in the value of the US dollar in the next few years as he expects inflation to rear its ugly head.

https://dailyhodl.com/2020/11/10/billionaire-investor-stanley-druckenmiller-says-he-owns-bitcoin-believes-top-crypto-asset-has-more-upside-potential-than-gold/

There won't be enough bitcoin for everyone
Buy and Hodl

[Syke]

assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

Each halving has a smaller effect on coin creation, so don't expect this to be as big a rally as before. Breaking $200k would definitely change my life, so won't mind it at all if I'm wrong!

[Last of the V8s]

Some years ago, I spoke to an erstwhile East German who was already quite elderly.

Oh bloody hell hell, nullius, you're like a slave-driver with all this homework you keep setting me. Can't you tell I keep trying to duck it? anyway this one seems more tackle-able, so I probably will in a bit, and leave the hard stuff till anon.

But first things first:

P.S., for the benefit of the Wall, I should observe that diametrically opposite to idiotic popular perceptions promulgated in the Western mass media, Russian women are not cheap sluts like Western women (worst of all American women).  —Or perhaps it may be better said that Russia dumps its filthy sluts and two-faced gold diggers by exporting them to their proper place in America, while keeping the good ones at home.

 I like sluts. Cheap, filthy, 2-faced, the lot of 'em, I like 'em. A really good slut is hard to find, but worth the journey and the destination.

[600watt]

assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

Each halving has a smaller effect on coin creation, so don't expect this to be as big a rally as before. Breaking $200k would definitely change my life, so won't mind it at all if I'm wrong!

you are right about the diminishing effect of the halvings. on the other hand consider that we never had a millionaire/billionaire/corporate treasurer of multibillion companies FOMO during a bitcoin run-up. a handful of billionaires could buy all the bitcoins. there are 2800 known billionaires and they own 8 trillion USD, which is 50x the worth of all bitcoins. as long as this is the case I believe the magnitude of run-ups is unpredictable in a way that not even a trend can be established. and there is also the concept of escape velocity. one of those future run-ups will not be like the usual bubble burst multiyear suffering. it will just keep rising and reach a level where it is not falling down anymore.

[Wekkel]

Add the insane monetary policy to that and it could be 10-100x again.

Think big or go home 

[El duderino_]

[LFC_Bitcoin]

Soon.......

[BobLawblaw]

6 months after halving?
11/11
That's tomorrow!

My body is ready.

EDIT:

[El duderino_]

Jbreher long time no see

[AlcoHoDL]

6 months after halving?

11/11

That's tomorrow!

Yes, 6 months after halving. Is it really tomorrow? What a coincidence!

As Bob says, my body is ready.

I think 2021 will be a milestone for many WOers. SOMA prediction: by the end of that year, many of us will have reached financial freedom (not necessarily "fuck you" rich status, but still completely free from wage slavery—which should be a big enough goal on its own for most). This will not mark the end of the journey, but, rather, its beginning. Unless we, ourselves end it, by selling all of our coins. This, IMHO, will be the biggest mistake a coiner can make, getting off the rocket that's just making a rest-stop at the moon. The next stop may take several years, and it won't be in our solar system, but I believe 2021 will mark the beginning of the "rewarding" phase in many HoDLers' lives. It all depends on corn amount, wants, needs, living expenses, etc., it's different for everybody, I'm just averaging out. Spending up to 10-20% on rewarding yourself with whatever pleasure you may seek (Lambos, hookers 'n' blow included, but not limited to), should be fine. Even up to 50% could be OK depending on what you want to do and if it involves family (spouse, children). But I wouldn't touch more than 50% of my stash. It's cold out there in outer space, and I don't want more than half of my body hanging out of that rocket...

Great times ahead. Our discussions, right here in WO, a year from now, will be very interesting indeed.

Onwards & upwards.

HoDL.

[infofront]

6 months after halving?
11/11
That's tomorrow!

My body is ready.

EDIT:

If there is any justice in this world, the obvious court remedy will be to allow Clarence to bludgeon Joe to death in a steel cage match.

[Tash]

6 months after halving?
11/11
That's tomorrow!

My body is ready.

EDIT:

Something to look forward to. The only little downer, old Joe isn't 100% around anymore.

[D. Lerk]

assuming bitcoin does the same trick after each halving we can expect a top at 850k or a top at 200k?

imagine 2021 being the year covid was defeated and bitcoin mooning a few hundred k $ per coin. the whole world will turn into a big party.

Each halving has a smaller effect on coin creation, so don't expect this to be as big a rally as before. Breaking $200k would definitely change my life, so won't mind it at all if I'm wrong!

you are right about the diminishing effect of the halvings. on the other hand consider that we never had a millionaire/billionaire/corporate treasurer of multibillion companies FOMO during a bitcoin run-up. a handful of billionaires could buy all the bitcoins. there are 2800 known billionaires and they own 8 trillion USD, which is 50x the worth of all bitcoins. as long as this is the case I believe the magnitude of run-ups is unpredictable in a way that not even a trend can be established. and there is also the concept of escape velocity. one of those future run-ups will not be like the usual bubble burst multiyear suffering. it will just keep rising and reach a level where it is not falling down anymore.

This. But the question of course is which run-up. I think there's a chance it'll be this one, with an awful lot of people thrown off the bull and left behind at -20% into too much cash, thinking they can triple their BTC at -70%.

There's so many top indicators being written up atm, all with the assumption you should sell and play the multi-year bear that follows. BTC loves fucking assumptions.

[BobLawblaw]

Uhoh. Strapping in for a choppy ride...

[d_eddie]

Higher lows ebbing
not a breakout: it's steady
higher highs pending







#haiku

[Torque]

OT: https://www.cnbc.com/2020/11/10/beam-users-still-cant-get-their-money-now-the-lawsuits-have-begun.html

Not your money + fractional reserve == and it's gone