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

[eXPHorizon]

IMO the only questioin now is whether we will have a new ATH this week, or the next.   The final countdown has begun: 20%, 19%, 18%, ...

Bitcoin will never make a new ATH again. We proved this years ago. What we're seeing now is just the erratic gyrations of a failing asset. Won't be much longer now before those playing this dangerous game are despondent as bitcoin resumes its multi-year downtrend. By the end of 2021 I don't think many people will care that much about bitcoin. What's even worse is that you've got people who sincerely believe bitcoin could see prices of $50k and even $100k, which we know for a certainty will never happen. Luckily there's still time for sensible people to exit this market and save themselves.

That is true. It is laughable tbh

[BobLawblaw]

https://twitter.com/bbands/status/1328370363177201679

[julian071]

IMO the only questioin now is whether we will have a new ATH this week, or the next.   The final countdown has begun: 20%, 19%, 18%, ...

Bitcoin will never make a new ATH again. We proved this years ago. What we're seeing now is just the erratic gyrations of a failing asset. Won't be much longer now before those playing this dangerous game are despondent as bitcoin resumes its multi-year downtrend. By the end of 2021 I don't think many people will care that much about bitcoin. What's even worse is that you've got people who sincerely believe bitcoin could see prices of $50k and even $100k, which we know for a certainty will never happen. Luckily there's still time for sensible people to exit this market and save themselves.

I thought the rally might end here but seeing proudhon post gives me confidence this will go on longer! Really good indicator!

[BobLawblaw]

Hopefully someone here bought BobLaw's cheap coins.

No regerts.

At all.

Next stop, $20k USD/BTC.

[Phil_S]

2030, the dollar as we know it will be re-baselined or replaced by the governments of the world with something else.

Dollar is definitely finished, it's only a matter of time.

The only problem is no suitable replacement on the horizon: not yuan, definitely not ruble, not even gold.

Well, except for bitcoin.

Enormous wealth that's locked up in dollars will not disappear. It will flow somewhere. But where? If not into bitcoin, where?

[gembitz]

20k here we go smacking the ask! :-D weeeee

[psycodad]

Watched the movie just a few days ago (it's brilliant really) and couldn't help but think all the time that I am not long on BTC, I am actually short on fiat. Quite a change on perspective and feeling now a bit like the garage investor chaps in the movie to whom the above quote is addressed.

[rdbase]

On track to $16,700.. what did I just say?

Maybe they should rename SpaceX to SpaceBTC
For this rocket is about to be launched into orbit!

[FullNode]

Poolin Launches Initiative To Activate Taproot, Encouraging Other Mining Pools To Join

Top 2 Bitcoin mining pool Poolin wants Taproot, and hopes other pools do too.
Poolin, the Chinese mining pool that currently controls around 13 percent of all hash power on the Bitcoin network, is preparing for Taproot, the proposed protocol upgrade for which the code is included in the upcoming Bitcoin Core 0.21.0 release. Bitcoin’s second-largest mining pool (only topped by F2Pool, which controls around 17 percent of hash power) today launched a webpage to help inform mining pools on Taproot, and lets them indicate how they would prefer the backwards compatible upgrade to be activated.

https://bitcoinmagazine.com/articles/poolin-launches-initiative-to-activate-taproot-encouraging-other-mining-pools-to-join
https://taprootactivation.com/

[bitebits]

https://twitter.com/100trillionusd/status/1328297706318667776

[rolling]

2030, the dollar as we know it will be re-baselined or replaced by the governments of the world with something else.

Dollar is definitely finished, it's only a matter of time.

The only problem is no suitable replacement on the horizon: not yuan, definitely not ruble, not even gold.

Well, except for bitcoin.

Enormous wealth that's locked up in dollars will not disappear. It will flow somewhere. But where? If not into bitcoin, where?

Yes, bitcoin is where some of the value will transfer. The governments will still want their dirty fiat though. They will inflate away all of the debt and blow up asset prices until a reset is required. By then, most other fiat currencies will be gone.

If bitcoin is well respected by governments and politicians by then, it could form the backing of a new global dollar but I don't have that much faith in modern economists. I'll just hold bitcoin myself and trade it for the currency of the times when I need to buy something.

[JL0]

Get in the Train before it's too late
Bitcoin to $17K

[Torque]

IMO the only questioin now is whether we will have a new ATH this week, or the next.   The final countdown has begun: 20%, 19%, 18%, ...

Bitcoin will never make a new ATH again. We proved this years ago. What we're seeing now is just the erratic gyrations of a failing asset. Won't be much longer now before those playing this dangerous game are despondent as bitcoin resumes its multi-year downtrend. By the end of 2021 I don't think many people will care that much about bitcoin. What's even worse is that you've got people who sincerely believe bitcoin could see prices of $50k and even $100k, which we know for a certainty will never happen. Luckily there's still time for sensible people to exit this market and save themselves.

Is this provable by science and maths?

[LFC_Bitcoin]

Get in the Train before it's too late
Bitcoin to $17K

Tickets are fast becoming unaffordable to the average pleb. Good thing we got most of ours for less than the price of an iPhone

[Torque]

https://twitter.com/kerooke/status/1328341089032548352

On Friday, Skybridge Capital filed an amendment with the SEC, allowing their $3.6 billion fund to start investing in Bitcoin.

Keep an eye on @Scaramucci 👀

scaramucci has long been a goldfag, so all good now

edit: prolly some Trump money in that fund, no?

Slimy Scaramucci has a shit ton of Wall Street insider investor friends. If they tipped him then something big must be coming.

[Biodom]

Takeaway: Never sell all your bitcoin no matter how high the price goes.

My sentiment...exactly, therefore I abandoned all plans to sell btc, will sell GBTC instead, if i can catch the peak in 2021-2022.
In Roth, I will pay zero taxes on it.

[serveria.com]

Yeah, feels good baby BTCBTCBTC go go go!    ATH this year guaranteed, possibly even in November. Bossian is hovering his cursor over send button (LFC 0.05BTC bet) ...  

[sirazimuth]

<Checks price>
 Well then, I'll just post a simple  "gentlemen..."

[bitebits]

From Slush pool: https://insights.braiins.com/

1/ Introducing tools for BTC Mining Insights!

Now live:
- Cost to Mine 1 BTC calculator
- BTC Mining Cash Flow calculator

insights.braiins.com

This is just the start. We will continue expanding until Mining Insights is THE place to follow all things #Bitcoin mining.

[eXPHorizon]

everyone dreaming of yaay 20k per coin yaay ATH next week, while i here sit broke and laugh at the sheer idiocracy that i have to witness . Well, give brains to some and money to me is my Quote.Damn i miss the folks from 2010-13 that i met on this Forum, true Legendarys unlike.. This... whatever it is

Dammn you Mt. Gox you suck balls really hard ! All we got left now is trash


P.S They got Electrolytes


R.I.P 2010-2013 You will be missed !