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Question: When will BTC get back above $70K:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26483814 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. (174 posts by 3 users with 9 merit deleted.)
vapourminer
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what is this "brake pedal" you speak of?


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November 14, 2020, 12:57:15 PM
Last edit: November 14, 2020, 01:08:27 PM by vapourminer

Maybe it's all those times my cats have pushed of my desk.

Se, now it missed "it".

And now "e"

See what I have to work with here.

couple of my keyboards have removable caps (gaming keyboards with mechanical switches) and one of my cats discovered how easy it is to pull caps off with her claws. she was very thorough, only left a few on, probably got bored.

now, loose keycaps skitter across hardwood floors extremely well and also fit down the air return vents in the floor. i just wound up buying a full replacement set.

i still find keycaps even now..
ivomm
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All good things to those who wait


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November 14, 2020, 01:03:22 PM
Last edit: November 15, 2020, 02:02:27 PM by ivomm
Merited by El duderino_ (2), JayJuanGee (1), AlcoHoDL (1)

A day without a new AYH is so dull... I am finally able to concentrate and do some work.  Cheesy

Yeah, joke aside, I think we can break the ATH in the next 2 weeks. I just don't see any meaningfull resistance until then. And if that happens, the FOMO will kick in. Then the first major resistance I expect will be between $45K and $55K.

Of course this is just a SOMA prediction, not a trading advice. Anything can happen. But so far my gut feeling was right. In June 2019 when the price steeply approached 14K, I felt a big crash is coming. Then my gut feeling spoke to me: yes, but... BETTER times will come for Bitcoin. Shortlly after that my gut feeling spoke again: after that EVEN BETTER times will come. And finally, to my surprise it spoke again: and after that the BEST times for Bitcoin will come. I felt goose pumps and I know this is about some not so distant future, 5-8 years max (ok, I may be wrong, it may take longer, idk for sure).

The interesting part in this "prophecy" is that the word "times" was used instead of the word "price". What we see now is not that the price is much higher (only 30%ish higher), but rather better times indeed. It is mass adoption: institutions rushing in, paypal, etc.  Now, I trust more this feeling, after the first propecy is so spectacularly fulfilled. So I (hope I will be able to) hodl until it is fulfilled entirely, with some minor sales here and there. The best times for me will be when Bitcoin is recognized as the world reserve currency, for starters  Grin

https://bitcoinmaximalist.net/jeff-booth-its-highly-likely-bitcoin-will-become-the-reserve-currency/

Edit. Speaking of institutions, Grayscale has increased for the last 5 months their Bitcoin holdings from 360K to 506K.


https://pro.bybt.com/futures/GrayscalePosition
600watt
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November 14, 2020, 01:09:40 PM


Yeah, but mine was a typo 'cause of my cheap useless keyboard. Hairy just can't spell, and he is a native speaker.



sure.

the fact that u need 3 posts to excuse your stupidity and blaming it on cats and keyboards tells a lot about your maturity. a spelling/grammar nazi should really be a tiny bit more careful in his own posts. I saw your mistake yesterday and so did everyone. did I or harry or anyone else take the effort and point it out to you? take it like a man, sissy. you are making it worse.
nullius
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If you don’t do PGP, you don’t do crypto!


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November 14, 2020, 01:18:33 PM

Meta topic:  Moderator deletion of serious discussion in the Wall Observer

https://bitcointalk.org/index.php?topic=5289261.0

I am not generally wont to complain about moderation; to the contrary, I think that there should be more of it.  However, there is a real and perhaps unprecedented problem whereas the following posts, fully reposted below, were deleted by a Bitcoin Forum moderator (not by infofront) from the Wall Observer:

All timestamps are UTC.  Listed in reverse chronological order of when each post was made.

[...]

For my part, I am usually supportive of the moderators; they have a hard job, and I have no wish to make it harder.  However, if I were to say nothing about this publicly, then I would hereafter need perpetually to second-guess myself on whether I have permission to discuss Big Tech censorship (!) and Bitcoin transaction censorship (!!) on this forum.  Inter alia.
Quote from: Bitcoin Forum
In the future, please avoid posting things that need to be deleted.
I would feel thus a chill wind blow over my ability to engage in serious discussion here, if I did not place the individual who deleted my posts on notice that I will call out exceptionally stupid moderation decisions.
Paashaas
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November 14, 2020, 01:23:08 PM
Merited by El duderino_ (2)

Global daily cases and deaths at record highs.

Full lockdown in Austria and Greece plans to tighten lockdown restrictions.

Crematorium in Milan can't keep up with the deaths and Naple's hospitals overloaded.

Cases on the rise in Indonesia, Japan and South Korea.

US reports a whopping record of more than 180,000 daily cases.

Elwar
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Viva Ut Vivas


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November 14, 2020, 02:13:12 PM
Merited by vapourminer (1), JayJuanGee (1), Torque (1)

It's happening again - I've started getting messages from friends-of-friends asking whether I think they should invest in xxx shitcoin, because apparently it's the new bitcoin.

So 2017.

I am moving beyond just saying "yes, just by bitcoin and hold it".

Instead I will ask them to ask themselves why they never bought bitcoin before. In what ways are they living their life differently from the many people that bought bitcoin early. Why is it that they are just now considering buying. If they just want to get rich in dollars then they have missed the whole point of bitcoin and they should not buy.

If they want to buy bitcoin they should stop watching the media and propaganda that has hidden bitcoin from them this whole time. They should actually start looking into what money is and what gives it value.  They should actually read the White Paper to find out what this whole 'Bitcoin' thing is all about.

If they want to go down that road, then my door is wide open and the advice is free. If they just wanna get rich on the next boom, then gtfo.
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November 14, 2020, 02:31:22 PM
Merited by JayJuanGee (1), 600watt (1)


@karenSanmol
We found the first time someone said "Bitcoin is going to the moon".

The price of #bitcoin   was $0.11

https://twitter.com/karensanmol/status/1327307056332890120?s=21

How is it that so many of these Bitcoin OGs fall into the shitcoin trap? That Bimmerhead dude should be a Bitcoin gazillionaire by now (and a maximalist).

the farther back in time, the less clear everything was around bitcoin. I, for example thought at the beginning that additional protocols are important as a replacement chain should bitcoin go offline ( Cheesy) and that competition was good on protocol levels.

i had no idea that this was the start of the great plague of shitcoinery.

imho Vitalik will be remembered as the guy who coined the term "bitcoin maximalist" but no one will remember ETH. it is kind of ironic that is was vitalik who gave the bitcoin community its identity. before a bitcoiner was a bitcoiner. but a bitcoin maxi is a completely different beast. he tried to introduce this term as an insult. and in typical bitcoin grandeur, the supposed attack was morphed into something that made bitcoin stronger.

hasta la victoria siempre!

As far as that guy goes, he gets what he gets. I distinctly remember when Vitalik launched ETC, he made it very very clear that ETC was not even a "cryptocurrency" per se. He said that. He also said that ETC would never be a competitor to Bitcoin. Those were his exact words. Then somewhere along the line he started to get 'selective amnesia' about the things he actually said... so fk that guy.
nullius
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If you don’t do PGP, you don’t do crypto!


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November 14, 2020, 02:38:10 PM

imho Vitalik will be remembered as the guy who coined the term "bitcoin maximalist" but no one will remember ETH. it is kind of ironic that is was vitalik who gave the bitcoin community its identity. before a bitcoiner was a bitcoiner. but a bitcoin maxi is a completely different beast. he tried to introduce this term as an insult. and in typical bitcoin grandeur, the supposed attack was morphed into something that made bitcoin stronger.

hasta la victoria siempre!

As far as that guy goes, he gets what he gets. I distinctly remember when Vitalik launched ETC, he made it very very clear that ETC was not even a "cryptocurrency" per se. He said that. He also said that ETC would never be a competitor to Bitcoin. Those were his exact words. Then somewhere along the line he started to get 'selective amnesia' about the things he actually said... so fk that guy.

LOL.

Couldn’t resist.  Yes, I know what you meant.  :-)
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November 14, 2020, 02:47:21 PM

nullius can you please conform to Bitcointalk Suchmoon's Vision and not retitle the thread. apparently it equates to derailing.
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November 14, 2020, 02:49:23 PM

she would have those darn trains running on time i'm pretty sure of it
"the new leaderette"
nullius
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If you don’t do PGP, you don’t do crypto!


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November 14, 2020, 02:53:01 PM


Yeah, but mine was a typo 'cause of my cheap useless keyboard. Hairy just can't spell, and he is a native speaker.



sure.

the fact that u need 3 posts to excuse your stupidity and blaming it on cats and keyboards tells a lot about your maturity. a spelling/grammar nazi should really be a tiny bit more careful in his own posts. I saw your mistake yesterday and so did everyone. did I or harry or anyone else take the effort and point it out to you? take it like a man, sissy. you are making it worse.

Your wrong.  There is a world of difference between a simple typographical error, which everybody (and even nobody) sometimes makes (its just human!), and a looser who cant distinguish the meanings of drastically different homophones.

If that upsets you, to bad.



Relevant:

#condescension backfire

What’s wrong?  You are literate in ancient Greek, and you have a scholarly critique of my admittedly amateurish grammar?  Or do you complain that the word I constructed from Greek roots was inadvertently omitted from your dictionary?

[...much lulz...]

P.S., just in case you ever do catch me in such typographical errors as I not infrequently find in my own posts, keep handy my stock answer for criticisms from creatures far below my level:

Am I mortal?  Do I myself sometimes make bizarre typographical errors (usually induced whilst editing) which are not caught by my obsessive exercise of the preview button to read proof?  Alas!  It most saddens me when such a fate befalls one of my precious little belles-lettres.  Nobody has yet dared to flame me over such a triviality; but if or when that happens, my response may be expected to be along these lines:

Quel dommage!  I have erred!  😢  The form of my art is marred by some trivial flaw which dishonours its unavoidable substance!  I will now slap myself in the face with a large trout, and then drink myself into a stupor.  Meanwhile, complaints from my critics shall be filed according to the virtù of their own substances, as measured against mine. 🗑️”
Wekkel
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yes


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November 14, 2020, 03:50:13 PM

Bitcoin near ATH and no one bats an eye.

Only when the altcoin section is booming again together with Bitcoin ATHs, we are reaching a peak again.

#stillearly  Cool
FullNode
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Don't Trust, Verify


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November 14, 2020, 03:58:51 PM

Quote
Bitcoin’s Price Action Rhymes With 1970 Gold Markets, Says CitiBank
Key Takeaways
An independent report from Citi Bank’s Managing Director argues that Bitcoin is the digital gold of the 21st century.
The devaluation of the worlds’ reserve currency—the U.S. dollar—formed the basis of the commentary.

https://cryptobriefing.com/bitcoins-price-action-rhymes-1970-gold-markets-says-citibank/
friends1980
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nutildah-III / NFT2021-04-01


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November 14, 2020, 04:11:41 PM

Quote
Bitcoin’s Price Action Rhymes With 1970 Gold Markets, Says CitiBank
Key Takeaways
An independent report from Citi Bank’s Managing Director argues that Bitcoin is the digital gold of the 21st century.
The devaluation of the worlds’ reserve currency—the U.S. dollar—formed the basis of the commentary.

https://cryptobriefing.com/bitcoins-price-action-rhymes-1970-gold-markets-says-citibank/

Indeed independent (as opposed to 'from CitiBank itself'), so at least now we know with certainty which assets his bags are filled with. Wink
nullius
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If you don’t do PGP, you don’t do crypto!


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November 14, 2020, 04:21:43 PM
Last edit: November 14, 2020, 04:41:33 PM by nullius

nullius can you please conform to Bitcointalk Suchmoon's Vision and not retitle the thread. apparently it equates to derailing.

Bitcointalk SV is not accepted here.  suchmoon’s opinions are just that; I file most of them in “taken under advisement”.  Here, specifically, her opinion about “derailing” is arrant nonsense. 🗑️

Observe how wildly suchmoon lashes out at me from petty spite:  She follows up her opinion of “derailing” by arguing against my expectation that I can post serious discussion outside of the Serious Discussion forum (!).  Seriously?  Roll Eyes

I don’t know why people take suchmoon’s pronouncements so seriously.  She is not an administrator, she is not staff, she is not even very smart—well, she is exceptionally skilled at winning popularity contests.  You may guess how much weight I accord to popular opinion.

I do have reasons for changing the titles on many of my posts; please see below, just in case my motive for retitling posts may be questioned by somebody whose opinion means more than suchmoon’s.

she would have those darn trains running on time i'm pretty sure of it
"the new leaderette"

LOL, I see what you did there.  Vide the title of this post.



Why I Retitle

I have always retitled posts when I thought that was appropriate.  That has never brought any complaints in Development & Technical Discussion, which in my opinion is the most serious forum (yes, more serious than “Serious Discussion”).  It has never caused complaints in Bitcoin Discussion, either—n.b. that that link is to me retitling on my own topic, which I assuredly did not wish to “derail”.

Although my retitling of posts is sometimes hostile, that only occurs if the post itself is hostile to OP.  As aforementioned, I not infrequently retitle posts in my own threads—and in others’ threads, I oft receive merit from the topic starter on a retitled post.  N.b. that that last link is to a post where I rewrote Lauda’s topic title—and Lauda merited me!  I have even retitled my posts in the (strictly self-moderated, very authoritarian) Cult of Lauda thread—just in case there was any remaining doubt about “derailing”, or any intention thereof.

My post titles have sometimes been accorded praise in the titles of replies.  Other than a few prior not-quite-complaining remarks in WO, the only place where it has brought complaints was in Reputation—from petty-minded nitwits with personal grudges against me, who were searching for an excuse to nitpick.  —Now, what was that about suchmoon?

Besides aesthetics, one of the reasons why I often (but not always) set custom post titles is that I use my received merit list as a navigational aid.  Indeed, all of the links in the preceding paragraphs were rapidly found just now by hitting Ctrl-F, and typing in keywords that I remembered.  I do this almost every day, usually multiple times per day; my most memorable posts often receive merit, and have memorable topic titles, so...  Compare the Last of the V8s received merit list, which is more formidable than mine, but—opaque.  (I have explained this before somewhere, in PMs and/or publicly; alas, I don’t know where, and I don’t have a handy navigational aid for finding it.)

I like to keep things organized.  Properly labelled.  For the same reason, because WO is special, I retitle my WO posts with a “[WO]” marker.  Where I think it’s appropriate, outside WO, I sometimes retain portions of the original topic title—sometimes not; I determine that by the overall context, whether I agree or disagree with the OP (and even whether I am the OP).
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November 14, 2020, 04:35:12 PM
Last edit: November 14, 2020, 04:55:50 PM by Paashaas
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Breaking News; World’s second-biggest bank embraces bitcoin.

Quote
The second-biggest bank in the world is the latest institution to embrace bitcoin.

China Construction Bank (CCB) has announced that it is working with digital securities exchange Fusang to raise up to $3 billion through a publicly-listed debt security on a blockchain.

A special purpose vehicle has been established for the purpose of issuing the “Longbond.” Retail investors will be able to purchase digital tokens on the Fusang exchange using dollars or bitcoin, with investments of as little as $100, Finextra reports.
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November 14, 2020, 04:50:17 PM

Breaking News; World’s second-biggest bank embraces bitcoin.

Quote
The second-biggest bank in the world is the latest institution to embrace bitcoin.

China Construction Bank (CCB) has announced that it is working with digital securities exchange Fusang to raise up to $3 billion through a publicly-listed debt security on a blockchain.

A special purpose vehicle has been established for the purpose of issuing the “Longbond.” Retail investors will be able to purchase digital tokens on the Fusang exchange using dollars or bitcoin, with investments of as little as $100, Finextra reports.

Further down they mention Bitcoin, but phrases like "a blockchain" make me feel a little wary...
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November 14, 2020, 04:53:17 PM
Merited by nullius (1)


I sometimes retain...    ...sometimes not; I determine that by the overall context, whether I agree or disagree with the OP (and even whether I am the OP).

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Pro financial, medical liberty


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November 14, 2020, 04:57:34 PM

Breaking News; World’s second-biggest bank embraces bitcoin.

Quote
The second-biggest bank in the world is the latest institution to embrace bitcoin.

China Construction Bank (CCB) has announced that it is working with digital securities exchange Fusang to raise up to $3 billion through a publicly-listed debt security on a blockchain.

A special purpose vehicle has been established for the purpose of issuing the “Longbond.” Retail investors will be able to purchase digital tokens on the Fusang exchange using dollars or bitcoin, with investments of as little as $100, Finextra reports.

Further down they mention Bitcoin, but phrases like "a blockchain" make me feel a little wary...

When i read "Chinese bank" if feel very wary as a scam victim of the third largest Chinese bank (ABC) Agricultural Bank of China
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November 14, 2020, 05:03:10 PM
Merited by strawbs (1)

It's happening again - I've started getting messages from friends-of-friends asking whether I think they should invest in xxx shitcoin, because apparently it's the new bitcoin.

So 2017.

Same here. In the past weeks the first couple of acquaintances contacted me to ask about Bitcoin. Every cycle it's the same. The psychology doesn't change either. It's all about speculation. But Bitcoin is too expensive now. So what about Ethereum? They read an article. Or which shitcoin would I recommend? I do try my best to re-focus their attention from speculation to understanding the tech & its implications.

I am moving beyond just saying "yes, just by bitcoin and hold it".

Instead I will ask them to ask themselves why they never bought bitcoin before. In what ways are they living their life differently from the many people that bought bitcoin early. Why is it that they are just now considering buying. If they just want to get rich in dollars then they have missed the whole point of bitcoin and they should not buy.

If they want to buy bitcoin they should stop watching the media and propaganda that has hidden bitcoin from them this whole time. They should actually start looking into what money is and what gives it value.  They should actually read the White Paper to find out what this whole 'Bitcoin' thing is all about.

My recommendation is always the same. Start with the white paper. It's not that difficult to read. A quiet evening & a bottle of their alcoholic beverage of choice should do the trick. Once fully understood, allocate a % of your net worth you're comfortable losing and buy a hardware wallet. Control your private keys and don't be a weak hand.

Every cycle a few of these people learn their lessons and join our ranks of strong hand hodlers.

It is important that us old-school hodlers help these folks out. We want them to hold coins as well, not just the grayscales and microstrategies of this world.





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