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

[cofefeGandalf]

"national digital currencies", all the overhead of blockchain but the limitations of central banking, too. Where to I sign up? /s

[ivomm]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

[Phil_S]

already over 2x page parity 

[friends1980]

New ATH nearby, once more...

[BitcoinBunny]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

As to above 'pundits' are out in force saying that BTC is going to crash and can't compete with the coming of national digital currencies.

The talk today and probably will continue by the 'talking heads' on T.V. is that Bitcoin will be 'replaced' by a central bank(s) digital currency....I've seen this often

quoted. I have 'never' once however seen it brought up in pro or con that BTC is 'decentralized' with a 'fixed' amount of coins vs a national digital currency

which is 'centralized' and allowed to 'print' coins like they print money, even if it is a 1 to 1 ratio with their fiat.

Gasp! I'm beginning to suspect they are leaving this out of BOTH sides of the argument on Bloomberg and other T.V. Pundits on other channels.

Ya think?

Brad

Those pundits must live in La La Land and not understand the store of wealth OR trying to pull the wool over people's eyes. Central banks' currencies are already mostly digital. The only person / thing I pay for with paper cash these days is my window cleaners, that is it. I have not used cash or coins for a year except that, that includes parking meters. Covid has made sure of that and it will not really reverse at all I think.

What are they going to do? "Well folks, this is the Bollar. There are currently 1 trillion in circulation so be quick, the value will only increase, we promise. But when we think we should we can add another 1 billion on maximum a monthly basis to increase circulation or increase that rate too when we want to maybe, we will see, it really depends who is the chief of the bank at the moment. Enjoy your Bollars folks, please!"

"I will now demonstrate how easy it is to use the Bollar by sending 10.000 Bollars to Papa Johns to buy two pepperoni pizzas. That's it, my payment went through instantly so I will get my pizzas in 25 minutes." *Bring Bring -answers phone* "Hey Papa Johns, that's right I sent you 10.000 Bollars for two pizzas, are they on their way? What did you say, they are not on their way because you are more interested in accumulating BTC than the Pizza business now? What? But Why?! Why? Why? Don't you want Bollars?"

[BitcoinBunny]

already over 2x page parity 

It will reach 10x page parity before 2023 I bet.

[Karartma1]

Hold on to your HATS and be some strongcats.

[BitcoinBunny]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

No one can predict the future but I've seen many people wishing for it to crash right now to buy more. The potential has been shown at this point. The genie is out of the bottle. Can you prop it back in there for a while? I'm not so sure at this stage. If some whales (what it seems to me) are worried about FOMO right now and not interested in sell and buy back at lower price I think everyone is then waiting on each other for something that will just not happen on that scale as it did before. Maybe short term back to 40s or high 30s can happen but below that I just don't see it at all. Who knows.

[philipma1957]

I can see gold becoming a useful cheap metal for making 100-200 year long batteries for Tesla's electric cars.

ford is going electric for a reason.  they all know those asteroids are loaded with insane amounts of gold.

Gold makes super long lasting batteries if it were to be worth 100 x less or 17 a pound vs 1700 a pound  we would have multi generational batteries.

Sell your gold and buy btc

Ford is switching to all electric 2030 for a reason they know Elon will be mining those asteroids bigly.

We are heading into a new world of cheap long lasting power.

BTC is the tool that will allow it to happen.

hodl hodl hodl.

500k before 2030

[cAPSLOCK]

I don't get it, but OK:
https://twitter.com/hashtag/LaserRayUntil100K

Laser eyes are the bitcoiner's mark.

It *was* the cAPSLOCK.

But my 15m are evidently over...

[AlcoHoDL]

Just checked my cold storage and noticed that I've recently received two very tiny amounts on one of my addresses (same address for both). The last transaction to my wallet, apart from these two, happened more than one year ago...

What is this? Anyone noticed it too? Should I be worried?

Thanks.

https://medium.com/coinmonks/bitcoin-dust-attack-explained-2b3bebd4b373

Thanks man, I had heard of the term, and now I know what it means...

[cAPSLOCK]

Go away... back to your beloved SV coin.

Seriously.

[cAPSLOCK]

Yeah pump it up ....

Age revealed 

Oof.  The fact i was already an adult when this was a thing...

[Richy_T]

As to above 'pundits' are out in force saying that BTC is going to crash and can't compete with the coming of national digital currencies.

The talk today and probably will continue by the 'talking heads' on T.V. is that Bitcoin will be 'replaced' by a central bank(s) digital currency....I've seen this often

Yes, makes no sense. What is there already makes sense for what the government(s) want to do with it. A few bits and pieces could be tidied up a bit but implementing something Bitcoin-like does nothing for them (and probably quite a lot against - losing a billion dollars on a pallet in Iraq is probably regarded as a feature).

[becoin]

Sell your gold and buy btc

That is wrong. The best hedge for bitcoin exposure is gold.

[cAPSLOCK]

2021

A special year for BTC

There are always been signs  

Meritdumped.

[Luthier]

Mars with sound...Gob smacked....

https://twitter.com/i/status/1362814591940648960

(apologies if already posted)

https://mashable.com/article/mars-perseverance-fake-video/

[El duderino_]

2021

A special year for BTC

There are always been signs  

#Meritdumped.

FTFY.... Its 2021 we should go with our time bro.... this is the era of #'s and @'s etc etc 

[AlcoHoDL]

That's it. I'm spoiled.

Can't stand this stagnation, this lack of movement. Even the ants abandoned us?

I WANT NEED $58k now! 

[Phil_S]

Ford is switching to all electric 2030 for a reason they know Elon will be mining those asteroids bigly.

Sorry to rain on your parade, but no asteroid mining happening anytime soon. Recently NASA tried to dig a little bit into Mars, but failed completely:

https://www.jpl.nasa.gov/news/nasa-insights-mole-ends-its-journey-on-mars

Since Feb. 28, 2019, the probe, called the “mole,” has been attempting to burrow into the Martian surface to take the planet’s internal temperature, providing details about the interior heat engine that drives the Mars’ evolution and geology. But the soil’s unexpected tendency to clump deprived the spike-like mole of the friction it needs to hammer itself to a sufficient depth.

After getting the top of the mole about 2 or 3 centimeters under the surface, the team tried one last time to use a scoop on InSight’s robotic arm to scrape soil onto the probe and tamp it down to provide added friction. After the probe conducted 500 additional hammer strokes on Saturday, Jan. 9, with no progress, the team called an end to their efforts.

That's where we are right now. Our state-of-the-art technology. So maybe 50 years from now...


Here's the real reason:

https://www.npr.org/2020/09/23/916209659/california-governor-signs-order-banning-sales-of-new-gasoline-cars-by-2035