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Question: What happens first:
New ATH - 43 (69.4%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26373314 times)
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Wekkel
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November 28, 2020, 07:46:40 PM

Meanwhile, bears who did not buy back -> rekt  Roll Eyes
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November 28, 2020, 07:47:15 PM

Total hashrate (1 month average) in support of Taproot: 82.05%

https://taprootactivation.com/
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November 28, 2020, 07:55:23 PM
Last edit: November 29, 2020, 05:14:23 AM by JayJuanGee
Merited by Hueristic (1), AlcoHoDL (1), 600watt (1)

[edited out]
I can live with a BTC/USD gain of 100% per year:

Year        BTC/USD
-------------------
2020   $     17,000
2021   $     34,000
2022   $     68,000
2023   $    136,000
<--- My "moon" level.
2024   $    272,000
2025   $    544,000
<--- My "fuck-you rich" level.
2026   $  1,088,000
2027   $  2,176,000
2028   $  4,352,000
2029   $  8,704,000
2030   $ 17,408,000
2031   $ 34,816,000
2032   $ 69,632,000
2033   $139,264,000
<--- My prediction of 1 cup of coffee = 1 sat comes true!


How about we start more conservatively with the beginning of the year 208-week moving average, which would have been about $5k

-------------------
2020   $     5,000
2021   $     10,000
2022   $     20,000
2023   $     40,000
2024   $     80,000
2025   $     160,000
2026   $     320,000
2027   $     640,000
2028   $     1,280,000
2029   $     2,560,000
2030   $     5,120,000
2031   $     10,240,000
2032   $     20,480,000
2033   $     40,960,000

Still seems like a bit too much (too bullish) for my thinking, ..........[edited oout].

I would prefer either having a smaller base or having a curve that is reducing each year instead of expecting a doubling every year, the percentage would slope down - which seems more realistic and sustainable for a longer term.

I must be fucked up in the head to spend so much time on this subject that has already been covered and worked out by much smarter peeps (especially when it comes to working with numbers)?

Nonetheless, I could NOT let these ideas go... I kept thinking about the BTC historical price and potentially reasonable bullish predictions, and thinking about ways to maybe make a better projection out to 2033, as you had chosen that year, AlcoHoDL...

Sure, I understand that since early times in BTC history, there have been a lot of BTC price projections that have been based on historical data and then attempting to project the BTC price out from the historical data.. and likely those guys are way better mathematicians than me... one of the more famous and recent BTC price prediction models is the PlanB stock to flow model...

In any event, I just wanted to put some kind of a more layman's attempt at projecting outwardly, and my model attempts to account for my currently dominant ideas of hybridizing the three current persuasive BTC price prediction models that I frequently mention in my posts: 1) stock to flow, 2) 4-year fractal and 3) exponential s-curve adoption based on Metcalfe principles and networking effects.

In the below numbers, the first couple of columns (after the year) I put the actual average weighted BTC trade price for July for each of those years... I am not sure exactly why I picked July for each of the years, except perhaps to start from when BTC started to somewhat develop a price, which was largely in the middle of 2010.  The second column shows the actual yearly gain, and the next two columns show the projected percentage gain and the projected price respectively for each of the years.

Of course there seems to be a bit of randomness in my selection of percentage gains for each of the years - but instead of merely showing straight-line BTC price performance that may well become unsustainable if kept as a straight-line, I attempted to somewhat ballpark line up BTC actual historical prices while also attempting to account for BTC's four-year fractal dynamics and its s-curve exponential adoption dynamics, which is attempting to outline a reasonable historical BTC price, reasonable BTC price projections and also an attempt to assert that from time to time the numbers are not necessarily going to line up, so from time to time, the actual BTC price is going to be underperforming and overperforming the theoretical conceptualizations of what would be considered to be a fair BTC projected price at any of the given time targets.

                    Actual                 Actual              Projected        Projected
                    July                     Yrly                  Gain                 price
(based on Projected Gain)
                    weighted            Gain
                    price


2010              $0.64         
2011              $14                  2109.38%              600%               $3.84
2012              $9                    66.67%                  500%              $23.04
2013              $97                  1077.78%              500%              $138.24
2014              $560                577.32%                250%              $484
2015              $288                51.43%                  125%              $1,089
2016              $654                227.08%                100%              $2,177
2017              $2,732             417.74%                90%                $4,137
2018              $8,130             297.58%                80%                $7,446
2019              $9,660             118.82%                70%                $12,659
2020              $11,115           115.06%                70%                $21,520
2021                                                                  100%              $43,039
2022                                                                  90%                $81,774
2023                                                                  90%                $155,367
2024                                                                  80%                $279,657
2025                                                                  80%                $503,378
2026                                                                  70%                $855,734
2027                                                                  60%                $1,369,135
2028                                                                  60%                $2,190,555
2029                                                                  75%                $3,833,479
2030                                                                  60%                $6,133,578
2031                                                                  60%                $9,813,743
2032                                                                  60%                $15,702,019
2033                                                                  60%                $25,123,277

I still believe that my numbers in the above chart are both bullish and bearish (and surely, I was able to bring the 2033 number down by nearly half from my earlier off-the cuff projections, which makes me feel somewhat better), and surely many WO regular participants likely appreciate that historically I had not personally expected to receive any more than 6% per year BTC price appreciations in order for my BTC holdings to perform somewhat in line with the historical performance of my various investments (largely based on projecting future performance based on my historical traditional investment gains).  

I will admit that based on many of the macro-world financial happenings of the last year or so, I have considered upgrading my personal BTC price performance expectations to something in the territory of 10% to 12% instead of my seemingly overly conservative 6% per year, and still, I am basing those kinds of personal BTC price trajectories on the 208-week moving average (which is currently at about $7,100), so even though I am making seemingly pie-in-the-sky bullish projections in the above chart regarding what BTC prices seem to have the potential to do based on reasonable BTC price predicting models, any kind of BTC price performance that goes beyond my own more conservative estimation of 10% to 12% per year based on the jumping off point of the 208-week moving average is largely icing on the cake for my own personal finances, even though it does seem that on personal levels, I am going to continue to have those kinds of first world problems of having an investment (namely BTC) that way the hell outperforms my expectations and accordingly going to have to continue to have to figure out ways to spend some of the extra value (which I have been attempting to accomplish such figurings in recent years too, largely based on my own BTC portfolio ongoingly and continually outperforming even my more bullish of personal BTC price trajectories).  

In other words, I could give less than two shits if the actual numbers that I have projected to be realistic possibilities end up playing out.  My own personal finances do not depend on that level of bullishness, and I am not even sure if I will be in a good position (in terms of youth and energy to be able to enjoy that level of wealth, anyhow, even if the $50k or $100k scenarios were to play out in the coming years.
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November 28, 2020, 07:57:00 PM

Mom is buying more.. Ugh..
Idk bros, if I want to be responsible for this shit..
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November 28, 2020, 08:07:29 PM

Mom is buying more.. Ugh..
Idk bros, if I want to be responsible for this shit..
Ed, this is on you bro.
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November 28, 2020, 08:16:43 PM
Merited by Krubster (1)

Mom is buying more.. Ugh..
Idk bros, if I want to be responsible for this shit..
Ed, this is on you bro.
Noooooooooooooooo!!!!!!

She is only in $150 now and is up $12.xx something..
Seriously told her it was a gamble and it could just crash.. Tried warning her..
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November 28, 2020, 08:19:39 PM
Merited by DeathAngel (1), Gyrsur (1)

so The Dude sold his account?  Shocked

LoL.... this account will probably be the last one able to been bought by another user...

The dude’s been cooking to much last days...

GREAT! so pls a priv pic with tattoos of what is Belgium famous for?  Grin





Here you go I guess
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November 28, 2020, 08:21:26 PM

noon charts


#dyor


1h


4h

#stronghands
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November 28, 2020, 08:22:10 PM

She is only in $150 now and is up $12.xx something..
Seriously told her it was a gamble and it could just crash.. Tried warning her..
Time to get her ass on this forum so she can start posting choo choo trains!

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November 28, 2020, 08:26:00 PM

She is only in $150 now and is up $12.xx something..
Seriously told her it was a gamble and it could just crash.. Tried warning her..
Time to get her ass on this forum so she can start posting choo choo trains!



   Phrasing!
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November 28, 2020, 08:27:51 PM
Merited by JayJuanGee (1)

But you know what, i have been talking to people about bitcoin since like $300, so I almost wish I would have been more assertive in the past...

I have always told people that it was just crazy and could go to zero, and nobody has ever bought, but I totally should have told them stfu bitch and buy..
Hindsight is 2020 and things...

“It was just $190 and is now $700??? Sounds like it’s ““TOO HIGH”” Now“
“Yeah man, I should have bought, but it’s like $3500 now.. It’s ““Too high”””
“Wow it went to $20k? I should have bought”
“Bitcoin is ““only”” $4500 now? Lol I thought it was $20k??... Sucker..””
“You should have sold..”

Fuck em..
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November 28, 2020, 08:34:13 PM

CME now on Top 1 and we should look for it now.

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November 28, 2020, 09:04:23 PM


That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...]

Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year...

I can live with a BTC/USD gain of 100% per year:

Year        BTC/USD
-------------------
2020   $     17,000

<...>
2031   $ 34,816,000
2032   $ 69,632,000
2033   $139,264,000
<--- My prediction of 1 cup of coffee = 1 sat comes true!


If bitcoin get to $ 139 millions I can’t see them coffe priced less than 200 USD.
Having both bitcoin and fiat working at the same time is an accident in history. It cannot go on for long either one of the two must break soon.

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November 28, 2020, 09:19:03 PM
Merited by Krubster (1)

2021                                                                  100%              $43,039

Good God that would be nice to think of. I think I read some story on Twitter the other day, of some OG buying a 52 ft Catamaran, half in BTC and half in cash. Near $850,000 US I think.

Out here in FL relaxing over Thanksgiving with the wife, and seriously thinking of buying some beachfront property after our outing earlier today. Gorgeous weather this time of year. Much nicer than Dallas.

When 1BTC / 52ft Catamaran parity ?
savetherainforest
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November 28, 2020, 09:22:57 PM


That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...]

Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year...

I can live with a BTC/USD gain of 100% per year:

Year        BTC/USD
-------------------
2020   $     17,000

<...>
2031   $ 34,816,000
2032   $ 69,632,000
2033   $139,264,000
<--- My prediction of 1 cup of coffee = 1 sat comes true!


If bitcoin get to $ 139 millions I can’t see them coffe priced less than 200 USD.
Having both bitcoin and fiat working at the same time is an accident in history. It cannot go on for long either one of the two must break soon.



Maybe he drinks that expensive sh!t with golden snowflakes. Smiley
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November 28, 2020, 09:26:44 PM

2021                                                                  100%              $43,039

Good God that would be nice to think of. I think I read some story on Twitter the other day, of some OG buying a 52 ft Catamaran, half in BTC and half in cash. Near $850,000 US I think.

Out here in FL relaxing over Thanksgiving with the wife, and seriously thinking of buying some beachfront property after our outing earlier today. Gorgeous weather this time of year. Much nicer than Dallas.

When 1BTC / 52ft Catamaran parity ?
Florida, I knew it! You go for it. Buy it, YOLO.
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November 28, 2020, 09:32:35 PM

She is only in $150 now and is up $12.xx something..
Seriously told her it was a gamble and it could just crash.. Tried warning her..
Time to get her ass on this forum so she can start posting choo choo trains!



   Phrasing!


Oops!
lightfoot
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November 28, 2020, 09:34:35 PM

Out here in FL relaxing over Thanksgiving with the wife, and seriously thinking of buying some beachfront property after our outing earlier today. Gorgeous weather this time of year. Much nicer than Dallas.

Bad idea. Between ocean acidification and sea levels going up Fla is probably the worst real estate to buy. Nice to visit esp the panhandle, but don't live there.
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November 28, 2020, 09:47:44 PM
Merited by JayJuanGee (1)


[/url]

Here you go I guess



https://www.youtube.com/watch?v=r5XOYhG6Kgs

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November 28, 2020, 10:14:41 PM

so The Dude sold his account?  Shocked

LoL.... this account will probably be the last one able to been bought by another user...

The dude’s been cooking to much last days...

GREAT! so pls a priv pic with tattoos of what is Belgium famous for?  Grin





Here you go I guess

Dude, it's you!  Shocked

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