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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 8 (26.7%)
$50K - 22 (73.3%)
Total Voters: 30

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25340197 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. (157 posts by 13 users deleted.)
Torque
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February 20, 2021, 12:28:23 AM

OT: Uh oh, not good news for ETH miners...

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
https://finance.yahoo.com/news/nvidia-redesigns-graphics-cards-limit-153008702.html

...but some potentially great news:

Quote
The technology giant still plans to serve Ethereum miners, though. With the new Cryptocurrency Mining Processor (CMP), Nvidia is offering a professional mining-specific product that doesn’t “do graphics,” per the post, a move it first announced last month.

I'm sure those will cost an arm-and-a-leg though, and be scarcer than the 3080s.
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heslo
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February 20, 2021, 12:52:05 AM

Yet another ATH, not sure I'll ever tire of this
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February 20, 2021, 12:53:27 AM

Sitting at the bank today today I was pretty much cheering on their incompetence. Oh...problem with your system? Of course. Need to get the manager? Typical. Oh look...a form for your read only database. Lovely.

Thank you banks for making me rich. Never change.

Last time I was in a bank I had to deposit some foreign fiat. A messy handwritten note on the door saying they were closed for no valid reason.
Came back the following week to be greeted by a series of machines.
Why is a bank closed ever in that case?
And that was a top 20 bank.

I was in Scotland and was greeted with sign that said “Our ATM closes at 4pm on Friday and reopens at 9am Monday”.  And this was a major town.  Hilarious stuff.  
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February 20, 2021, 12:57:22 AM

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.
El duderino_
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To clarify, i'm not selling.


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February 20, 2021, 01:02:00 AM

The world could do with a few more chilled out dudes

 Kiss Kiss Kiss
d_eddie
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February 20, 2021, 01:26:09 AM
Merited by vapourminer (1), JayJuanGee (1)

Arthur Hayes might be a crook, but he does write informative pieces.
Moving from GME and Robinhood to BTC (and Bitmex), Why and how? Part 1.

https://blog.bitmex.com/walkaway/?utm_source=cryptotraderdigest&utm_medium=email&utm_content=CTD

The interesting bits are in his account of what happened with WSB and Robinhood. He says he jumped on the GME wagon himself, though it might just be to get some sympathy. The self-promoting stuff is actually kept to a minimum.

>>>>Arthur Hayes might be a crook<<<<<<

I still sent you an smerit d_eddie but I remain a bit bothered by your description of Hayes - even though such description is not technically inaccurate, it just seems to be playing too much into mainstream (and of course powers that be government) vilification of him. Maybe "fugitive from the law" would be less harsh, but whatever... just thought that it is worth a comment - and sure, I might change my mind later, but I tentatively consider the USA case against Bitmex, Hayes and some of the others to be strong-arm bullying tactics, even if the USA govt might be justified in many of their concerns, perhaps?  perhaps?

My assertion that he might be a crook is not based on any factual evidence: just a few grumbling users suggesting their huge trades had been front-run, or that their liquidation (on a derivative position) was unjustified given the comparatively smaller swings in the underlying (corn). They thought and suggested that the order book was being "rocked" by some whale, in cahoots with Bitmex management etc. I have no idea how truthful or reliable those allegations are. My personal experience with Bitmex has always been a good one. I even got a "reverse margin call" once, with one of the staff taking me to Skype to advise I could take a little profit out (which I did). I just felt like a disclaimer was necessary.

In the USA vs. Hayes thing, I'm all with Hayes without a doubt. I agree it's plain bullying. The homepage explicitly said "If you are a USA citizen you can't register". Should they enforce it at a cost? They are not breaking any local laws in the country where they're registered.

This, however, has little or no bearing with the quality of that blog, always rich with technical insight, usable advice, and behind-the-scenes views of all the crypto/fintech world, with a strong (almost exclusive) emphasis on bitcoin. It is one of the few no-bullshit outlets of information about bitcoin and bitcoin trading. Apart from this month's piece about WSB etc., it is recommended reading in general.
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February 20, 2021, 01:43:12 AM
Merited by vapourminer (1), jojo69 (1), Arriemoller (1), Phil_S (1), d_eddie (1), BobLawblaw (1)

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

Yeah, that's a classic tea cup and saucepan forming within a 4 year moving fibonacci spiral wave. Coupled with a spasmodic rising wank splat. It's really bullish.
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February 20, 2021, 01:46:22 AM

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

Yeah, that's a classic tea cup and saucepan forming within a 4 year moving fibonacci spiral wave. Coupled with a spasmodic rising wank splat. It's really bullish.

Ya, I knew that's what it was called...just wanted to see if anyone else knew it too.
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February 20, 2021, 01:54:29 AM

Observing 55555.

Very close to next milestone: Gold parity at 57k.

Doesn't seem that long ago when it was hitting parity with 1 oz of gold....it wasn't that long ago now I think of it...

And 1 gram before that. I remember that, too. 2013 or 2014 IIRC.
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THE NEXT 2.4 YEARS ARE CRITICAL🍄💊


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February 20, 2021, 02:00:26 AM

This run feels different .this run is fucking serious
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February 20, 2021, 02:10:13 AM
Merited by vapourminer (1), 600watt (1)

This run feels different .this run is fucking serious

This cycle will be the greatest transfer of Lambos ever!
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February 20, 2021, 02:13:21 AM


Laser eyes are the bitcoiner's mark.
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February 20, 2021, 02:17:31 AM

Pumpin' for 57 it seems.

8.5% increase in entire crypto market since yesterday.  Shocked

1 trillion in BTC is nothing yet.
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February 20, 2021, 02:19:59 AM
Merited by vapourminer (1)

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

... it's not a theory or TA, you're simply describing an exponential (power law) curve.
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February 20, 2021, 02:23:23 AM



56k and rocking it!
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February 20, 2021, 02:34:44 AM

https://www.zerohedge.com/markets/johns-hopkins-prof-sees-us-herd-immunity-april-fauci-fearmongers-2022-return-normality

Data suggests US has already achieved herd immunity to covid
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February 20, 2021, 02:49:49 AM

This run feels different .this run is fucking serious

Lot of big corps getting in..
Crazy indeed..

I expected 300k not even considering the Corp interest..
700k???
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February 20, 2021, 02:52:24 AM

This run feels different .this run is fucking serious

Lot of big corps getting in..
Crazy indeed..

I expected 300k not even considering the Corp interest..
700k???

Its not if but when

Obviously feeling very optimistic today for some reason
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February 20, 2021, 03:40:52 AM

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

But this market is not like the previous ones.  And I have no idea what that means including it might do exactly what you are predicting.

But we have never had big institutional money coming in like it might be now... 

It may never turn into an unstoppable force and an ummoveable object, but the buyers might just keep appearing while the remaining holders get tighter and tighter.  I am actually more worried this goes hyperparabolic and ends up more vol...

I am going to stop typing.  I have no idea what is coming.  I do not think we have a historical frame for it.
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February 20, 2021, 04:23:28 AM
Merited by HairyMaclairy (1)

Well you want a scary thought.  How about cloning a Neanderthal from a glacier. The ethics implications are off the charts. 

they were hairy, that is for sure...
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