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

[HI-TEC99]

Do you have some links?  Not seeing CNN, Foxnews or BBC

Well there's forbes and the times writing about Bitcoin today.

https://www.forbes.com/sites/billybambrough/2020/12/26/as-the-bitcoin-price-blasts-past-25000-this-bitcoin-bull-is-selling/

https://www.thetimes.co.uk/article/ruffer-bets-big-on-bitcoin-tbmpcn0qs

Then there was the independent taking the piss out of ripple two days ago.

https://www.independent.co.uk/life-style/gadgets-and-tech/ripple-xrp-price-sec-bitcoin-b1778581.html

[sirazimuth]

Oh thanx dude
you saved my ass.

[JayJuanGee]

I really cant tell if it's just like 16/17 after the $1200 ATH and we kept going until 20k... Or are we going too fast right now and will crash hard?

Sure there is some rhyming going on that seems to be part of the current and the most convincing of the BTC price prediction models... that is stock to flow, four year fractal and s-curve exponential adoption based on metcalfe principles and networking effects.

Sure it could go up and down within those patterns but we are not really greatly outside of expectations even if many of us happen to be feeling bullish and cccccittttteee about the whole situation playing out.

That time $100 jumps were huge and became normal later. Is it the same with $1000 this time? If some has 100 bitcoins he could make sometimes 100k a day just by selling the top and catching the dip and rinse and repeat...

That would be pretty fucking dumb to be playing around with making BIG trades during a process like this, and surely one way to make almost guaranteed money (and profits) turn into losses.  Have fun staying poor if you are going to fuck around with those kinds of attempts to outsmart our current and ongoing UPpity.        

When Page parity??
30/12/2020 my guess

My next sell order is around the neighborhood of page parity.. go figure?

My sell orders have been getting spread out a lot and they are very small proportions of my stash, but they still have been adding up to a quite a bit of fiat.. so the way things had been going today, it seems that page parity could be reached any day or it might not come until 12/30 - as you are predicting... who knows?  who knows?

Apparently you know, fillippone.. .

 

I really cant tell if it's just like 16/17 after the $1200 ATH and we kept going until 20k... Or are we going too fast right now and will crash hard?

That time $100 jumps were huge and became normal later. Is it the same with $1000 this time? If some has 100 bitcoins he could make sometimes 100k a day just by selling the top and catching the dip and rinse and repeat...

Too fast? You really think if the blowoff top is say $400k we're going too fast? Even if it's only $200k I don't think we're going too fast... prepare yourself for a face-melting rally... 

Too fast because of the numbers we are currently dealing with are very high! Like said, sometimes we have 1k jumps and dumps a day. Thats massive amount of money. I also believe we will see six digits. Maybe end of 2021. Yet it sounds so unreal to me.

Fuck the high numbers.. who cares?

Think about percentages rather than raw numbers.  You are getting distracted with nonsense if you are getting caught up with raw numbers, just like dipshits believe that bitcoin is overvalued because they see some shitcoin with a lower unit cost and they suddenly believe that such shitcoin is more valuable than bitcoin and has more pumpamentals blah blah blah based on its lower than bitcoin unit price.  Nonsense.

[Wekkel]

Large intro on what some see as junk science, the Fourth Turning, but tied to the run up of Bitcoin in society: https://www.brandonquittem.com/bitcoin-rhythms-of-history/?fbclid=IwAR0TKt4O7bv6MC5oo9Vwk4vmTtXuUzVVH4KkBuAO77eAmHBBYb8LtucF7W0

[JayJuanGee]

BTC will be worth more than all of these combined.

others are centralized assets whereas BTCitcoin is not, BTCitcoin is much more amazing than others..

Seems to me that Paashaas has already more than recognized your point, Chrystora123, in his assertion that bitcoin is going to be worth the value of all of those companies combined.. which surely seems to be a fair point, even though it could take more than one more cycle to play out.. If BTC prices were to reach $400k or $500k in the next year or year and a half, which seems to be within expectations for this particular cycle, then the size of bitcoin's market cap would actually be getting close to the $10trillion, which would be worth more than all of those other top companies at their current values... but the values of those companies might increase in size during such cycle, too...

25000 USD, incredible really. I never thought such a rise was possible so soon. It looks realistic now to see 100,000 USD for one bitcoin at some stage of 2021. This is beyond my wildest dreams.

For some stage of 2021, is still a wild dream. But for the next 3-4 years, it will most likely come true.

If you have not gotten the memo, bitcoin is not on a 3-4 year schedule.. (in udder wurds, king daddy no doesn't work like dat)

We are talking 2021.. or maybe it could bleed into 2022.. but going beyond that seems to be out of dee character of dee asset class that is otherwise known as honey badger.. NOT saying that your suggestion might not end up playing out like that, but does not seem likely.. seems like a low ass probability to be playing out like you describe, so why should we be even suggesting such a scenario that is amongst the lowest of likelihoods..

In udder words, at this point 2022, seems to be a stretch in terms of dragging out whatever our top for this cycle might happen to end up being.

$26000 just happened on Binance. Like this we will get to $31000 by end of the year. I just hope then we will not drop to $1000 n the first.    
Now we are already 30% above 2017 ATH. Not sure if there is a way back probable anymore.

Have you even been paying attention?  What does 2017 ATH have to do with anything?  We are on a new cycle.. .

helrow?

A sobering note. Some self-appointed gurus note that the volume is low, even for the weekend, so this might look like a local top. I say: it would make sense for the badger to take a breather even if we know he don't care. On the other hand, in the weekend - and especially on Boxing Day - institutional investors are supposed to be sitting on their hands.

Well I guess we'll see soon enough. Local top or not, the mid term scenario doesn't change all that much 

hahahahahaha

You are starting to come off as more optimistic d_eddie?   

Remember 2018 and early 2019.. you were so depressed, and even our April 1, to June 27, 2019 pumpening ONLY just barely cheered you up. 

 

[sirazimuth]

As I haven't posted the pop and flop shitcoin of day in awhile now,
here ya go, this latest typical scam project seems to stand out today. Poppin and soon to be floppin.
Ah yes,  shitcoinery at its finest.... Are you investing jay?




GO BITCOIN

[JayJuanGee]

Don't want to sound like a party pooper or nuthin', but maybe if we could, like, hang around at these levels for a coupla days, and build some support, that would kinda make me feel a bit better.

Getting too much of a runaway train vibe, and that's bad.

Bitcoin no doesn't just hang out at the top of a zone..

No doesn't work like dat.  

By the way, if peeps had not noticed, we have cleared no man's land .. and gosh, so far it has cleared no man's zone with a margin of $3k to $3.5k....  (the top of no man's zone was $23,500-ish).. and who knows what gonna happen next?

We should pour one out to all dee peeps selling within no man's zone and expecting to be able to buy back lower...

they were saying, "just think of all the peeps who bought at the top in 2017.. blah blah blah blah.. we better sell because they are going to be selling."   and we see that so far, that selling in no man's land has not worked out too well...   hahahahaha.. have fun staying poor and all that.

This price action makes me think that a $250k + top is much more plausible that a $100k top 

The current currency system is dying.

It’s no longer a cringe part of a hidden sub culture in society who knows this.

It’s no longer the Peter Schiffs of this world proclaiming the end of fiat systems.

It’s a (close to critical) mass that is contemplating this now. All in the open and for everyone to see.

And it’s simple math determining that this will accelerate. 20% of all dollars in the world created this year alone. Next time, will it be 40%? And the next thereafter?

Will the new stimulus bill go to $4 trillion (6.6% of all money (in broad terms) in the whole world)? 
Will the next stimulus bill be $8 trillion?
The talks about the $1 trillion coin seem a long time ago (those were rookie numbers  ).

It’s happening because it’s inevitable.

Greatest. Wealth. Transfer. Ever.

25K to 100K is not really "price action", it's a huge amount of money that needs to pour in. 250K, well, it's even much more bigger !

But I will not bet against it either.

You better not bet against either.  People have said the same thing multiple times, and king daddy has continued to deliver.. There is a lot of ill-appropriated value out there in this world that would be more better appropriated into bitcoin.. and peeps gonna figure out those kinds of thingies with the passage of time.

[JayJuanGee]

25K to 100K is not really "price action", it's a huge amount of money that needs to pour in. 250K, well, it's even much more bigger !

But I will not bet against it either.

It's not just about money. If supply is very reduced because few people are willing to sell and also because of the deflationary nature of bitcoin, less money is needed to make the price go up.

The flip side being that if nobody sells, the price can't go up anymore either !

I think it would be a great sign if nobody wanted to sell a single bitcoin at a certain price. It will never happen though.

There is plenty of supply available, the price just needs to get to the point where it shakes some loose. For instance, I'm guessing more than half of the bitcoin ever created would be available for sale right now at $1million each.

There is no shortage. It just seems like it because the price is so low. Who would sell now when they know what the next year has in store?

Guys like me sell small pieces .

Lets say I clear  .2 btc monthly with the mining.

So selling off 0.02 or 0.03 each big rise makes sense.

Mine and hodl most sell small pieces at :

20k
22k
25k
27k
30k

It is why I prefer slower gains so that selling off a piece happens 1 time a month.

Bitcoin no doesn't work like that.  King daddy is not going to let you plan your life based on gradual price movements.... GET A GRIP, Phillip!!!!!    and therefore you need to adjust your sales or whatever plans for eventualities that do not give you opportunities for gradual BTC price movements (whether increases or otherwise).

  You might thank me later, if you don't get too pissed off in the meantime... over these newses regarding the nature of dee kingilie.


 

[Poker Player]

It seems we are going to $27k non-stop. At this pace $30k doesn't seem so crazy before 2021. It's just an 11% increase.

[JayJuanGee]

Still HODL everyone? 

Who in his right mind would sell below $100k?

2021 will see oodles of fiat printing and unorthodox measures to keep the wreck afloat. Bullish bullish bullish.

Absolutely,
only (very)brave and reckless ppl are trying to short now. So for the rest of us HODL

holy shit!
how many new BTC millionaires were born in the last few days?

.in .crypto .we .trust  

What is "crypto"?

Fuck that idea'er

bitcoin is another matter.

You will thank me later for such lil correction - especially if you have either completely gotten rid of or minimized your exposure to various shitcoins that might muddy your thinkenings in respect to dee king.

[BobLawblaw]

Gentlemen.

[Poker Player]

It seems we are going to $27k non-stop. At this pace $30k doesn't seem so crazy before 2021. It's just an 11% increase.

Next time I check the price we've reached $27,220 on bitstamp. Let's see how far this goes. At some time it will have to correct, for sure. Let's hope it's something like from $40k to $28k, a 30% retreat.

[HairyMaclairy]

Turn your back for 3 minutes and blammo

[Toxic2040]

[HI-TEC99]

It's above 1 BTC = £20000 now!

[JayJuanGee]

Welp, I've always said in my mind that if whales want to load up on an undervalued asset right before a big bull run, the best time to do that is in December when Average Joe is completely tapped out due to XMas.  

well, they have to do it before Dec 30 so they can sell on Dec 31 next year and get LTCG.....if they want to trade.

BTW, Musk is getting late with his dilly-dallying and memeing.
Bitcoin did not give him time, lol, especially if new rumors about Ray Dalio's fund are true while PTJ, Bill Miller and Druckenmiller are all "killing it".

I hope that we will be below 38K by Dec 31 2020, though, because if we are above, it would mean that we are truly overheating (more than 100% a month) and about to undergo at least a multi-month dip/decline.

Actually, anywhere in the $38k territory by the end of December would feel a bit overheated.. gotta agree with you there, Biodom...

But I do not agree that a "multi-month" correction would have to be a condition precedent in order to have more UPpity or even that a correction would have to happen at such a time, even if the king were to happen to have become a wee bit "overheated" in the short term... Also, if you think about it, we have are approaching 3x increase since early October if we were to reach $33k sometime soon.

On another note, observed $27,392, which happens to be $420 away from our current page count of 28,812... so don't start deleting posts or anything like that..

Whoops.. now we got $27,526 as our local high.... Cannot keep up with this bad boy...

Page parity seems within reach within the coming  1 minute to 12 hours... depending on how dee honey badger is feeling..

[Toxic2040]

so...I guess WO page count parity will be a thing soonish          

#dyor

1h



4h

#stronghands

[Toxic2040]

Welp, I've always said in my mind that if whales want to load up on an undervalued asset right before a big bull run, the best time to do that is in December when Average Joe is completely tapped out due to XMas.  

well, they have to do it before Dec 30 so they can sell on Dec 31 next year and get LTCG.....if they want to trade.

BTW, Musk is getting late with his dilly-dallying and memeing.
Bitcoin did not give him time, lol, especially if new rumors about Ray Dalio's fund are true while PTJ, Bill Miller and Druckenmiller are all "killing it".

I hope that we will be below 38K by Dec 31 2020, though, because if we are above, it would mean that we are truly overheating (more than 100% a month) and about to undergo at least a multi-month dip/decline.

Actually, anywhere in the $38k territory by the end of December would feel a bit overheated.. gotta agree with you there, Biodom...

But I do not agree that a "multi-month" correction would have to be a condition precedent in order to have more UPpity or even that a correction would have to happen at such a time, even if the king were to happen to have become a wee bit "overheated" in the short term... Also, if you think about it, we have are approaching 3x increase since early October if we were to reach $33k sometime soon.

On another note, observed $27,392, which happens to be $420 away from our current page count of 28,812... so don't start deleting posts or anything like that..

Whoops.. now we got $27,526 as our local high.... Cannot keep up with this bad boy...

Page parity seems within reach within the coming  1 minute to 12 hours... depending on how dee honey badger is feeling..

dont be trying to move the goal posts there snowjuangee..

[BobLawblaw]

[600watt]

btc is back at 70% dominance..is 80% possibleinevitable?!

ftfy