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

[AlcoHoDL]

WTF?

https://youtu.be/dKjCWfuvYxQ

That's abuse

Fake. CGI.

Of course it's fake! They show how it was made at the end of the video... My post was meant as a parody to the truly spectacular (and totally real, absolutely no CGI) New-Year video from Boston Dynamics:

https://youtu.be/fn3KWM1kuAw

[1714302000]

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[1714302000]

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[proudhon]

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

[fillippone]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

[proudhon]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

[fillippone]

<...>

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

Quoted for reference.
Please someone help me remember when it happens!

[serveria.com]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

Can I also have $10 grand Mr. Proudhon? 

[LFC_Bitcoin]

proudhon, why not just admit you’re a massive whale who comes on here to troll. We all know you’ve got thousands of bitcoin. Just admit it!

[proudhon]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

Can I also have $10 grand Mr. Proudhon? 

No

[AlcoHoDL]

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

OK, so what would you advise us to do?

Sell now?
Everything?

Or maybe sell some percentage (say, 50-80%) and keep the rest of the BTC just in case?

And also, what should we buy? USD? EUR? JPY? (I've always wanted to visit Japan BTW.)

Your advice on this is highly appreciated, thanks.

[xhomerx10]

If plants have no feelings, why do they respond and grow better with soothing jazz and classical music than with jarring rock, hiphop or EDM?

I think plants are actually sentient. Plus, collectively, they live the longest of most living things. Thousands of years old.

Plants are also "decentralized". They don't have brains or a head because predators such as deer or a lawn mower can just chop it off. Some weeds can also do complex arithmetic to prevent starvation at night (because no sunlight) so they calculate how much starch they need with 95% accuracy before dawn, so they have enough to last until the sun rises.

Plants can also "see" us via photoreceptors that perceive different wavelengths of light. They are aware of when we come near them and whether we're wearing a blue or red shirt.

Perhaps your crazy aunt that sings to her plants and way-out-there blog writers who report news about talking trees are on to something after all.

Just imagine if plants can be hodlers.. They'll hold corns for a very long time.

 They probably had Bitcoin before us.

http://www.bbc.com/earth/story/20141111-plants-have-a-hidden-internet

[OutOfMemory]

WO is not really the place to be discussing this, but for those abstaining from eating meat (vegetarians, vegans, etc.) for ethical reasons (i.e., being against cruelty to animals), please understand that our very existence and way of life in this world is based on violence and causes violence by natural necessity. To really stop causing violence, one must commit suicide. It is of no coincidence that in certain languages, the word "life" is exactly the same as the word "violence". It's a cause and effect thing. We cannot escape it. This is part of the tragedy of our existence.

Having said the above, I fully understand OOM's stance on this. I once watched a YouTube video (now banned) of slaughtering a cow in a slaughterhouse in former East-Germany, and I literally threw up. I would probably feel and do the same as OOM, if I was forced to slaughter an animal with my own hands before eating it. This is just our brains trying to deal with an act that seems so incompatible with our ethical values. Is this what we do to animals? Yes, it is! And many more, unspeakable acts of violence, that we do to animals and fellow humans, to sustain our existence and way of life. Violence that society/civilization carefully shields us from. It's kind of like unplugging yourself from The Matrix and seeing reality in its truly raw form.

+1 WOsMerit

Aight, that explains a lot.
Do you please have a resource link for watching all contract opening and closing dates handy?

https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

Thanks!

As someone once said, veganism is a mental disorder. I did not say it, just quoting someone else. (shots fired!)

Plenty of my own family members are either vegans or vegetarians, or were, or tried it. I let them be.

Those who got hypnotized out of it are exempted, it's not your fault.

Define "mental disorder". But i can understand that view, too. Let's agree on "mentality"?
That's what left when the subjective part "disorder" is taken out of the equation.

As for hypnosis: It triggered something that quietly simmered inside me for decades, but i learned to ignore it.
That's what hypnosis does. It's awesome.

I think the more appropriate joke is: I'm a budgetarian ... If it's within the budget, I'll eat it.

That one was funny, i'll try to remember it 

[proudhon]

proudhon, why not just admit you’re a massive whale who comes on here to troll. We all know you’ve got thousands of bitcoin. Just admit it!

[proudhon]

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

OK, so what would you advise us to do?

Sell now?
Everything?

Or maybe sell some percentage (say 50-80%) and keep the rest of the BTC just in case?

And also, what should we buy? USD? EUR? JPY? (I've always wanted to visit Japan BTW.)

Your advice on this is highly appreciated, thanks.

Sell now. Everything. Short on high margin is best. Ultimately you want to be heavy in USD. Preferably in a low yield savings account, which is proven to be the safest. If you want a little risk in your profile, then perhaps 1% in ripple.

[serveria.com]

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

OK, so what would you advise us to do?

Sell now?
Everything?

Or maybe sell some percentage (say 50-80%) and keep the rest of the BTC just in case?

And also, what should we buy? USD? EUR? JPY? (I've always wanted to visit Japan BTW.)

Your advice on this is highly appreciated, thanks.

Sell now. Everything. Short on high margin is best. Ultimately you want to be heavy in USD. Preferably in a low yield savings account, which is proven to be the safest. If you want a little risk in your profile, then perhaps 1% in ripple.

Muahaha... plot twist: proudhon=gentlemand 

[AlcoHoDL]

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

OK, so what would you advise us to do?

Sell now?
Everything?

Or maybe sell some percentage (say 50-80%) and keep the rest of the BTC just in case?

And also, what should we buy? USD? EUR? JPY? (I've always wanted to visit Japan BTW.)

Your advice on this is highly appreciated, thanks.

Sell now. Everything. Short on high margin is best. Ultimately you want to be heavy in USD. Preferably in a low yield savings account, which is proven to be the safest. If you want a little risk in your profile, then perhaps 1% in ripple.

I had some XRP and I sold them all last year. Kind of regret it to be honest...

Thanks for the reply, I appreciate it.

[600watt]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

if $3.6 trillion get invested in btc, it would send the price beyond the oort cloud, which again would result in a way higher market cap. a dollar invested means more than a dollar added to market cap.

[proudhon]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

if $3.6 trillion get invested in btc, it would send the price beyond the oort cloud, which again would result in a way higher market cap. a dollar invested means more than a dollar added to market cap.

1% of global wealth will never make it's way into bitcoin. I don't even need to do my calculations to have confirmation of that.

[Wilhelm]

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

if $3.6 trillion get invested in btc, it would send the price beyond the oort cloud, which again would result in a way higher market cap. a dollar invested means more than a dollar added to market cap.

1% of global wealth will never make it's way into bitcoin. I don't even need to do my calculations to have confirmation of that.

Marketcap fallacy

[Richy_T]

WTF?

https://youtu.be/dKjCWfuvYxQ

CGI is pretty good these days. I've been watching the back-channel for these guys and they get up to some cool shit.

The real Boston Dynamics stuff is definitely impressive too though.

[Richy_T]

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

You can only keep telling your customers who keep asking about Bitcoin that it is a shitty investment as it rises and rises and rises for so long before they start wondering why they're listening to you.