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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1%)
7/28 - 11 (11%)
8/4 - 16 (16%)
8/11 - 7 (7%)
8/18 - 5 (5%)
8/25 - 7 (7%)
After August - 53 (53%)
Total Voters: 100

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26457321 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. (174 posts by 3 users with 9 merit deleted.)
JayJuanGee
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March 20, 2021, 07:51:42 PM

bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.



It looks like some guy market bought by mistake 150BTC, then realizing his 'mistake' he market sold incurring a loss of appr. $300K.



And that's in essence how the daily trading works  Grin

Looks exactly like that, pretty odd.

Sometimes it can be quite difficult to really know with any kind of certainty, and surely instead of a fat thumb, it could have been a pumpening attempt that failed.., but I agree that the fat thumb explanation does seem to be more likely of a scenario because such a thing does happen from time to time and sometimes is later admitted to or described as a factual scenario surrounding "large" price movements that more frequently happen on less liquid exchanges... but also sometimes happen on more influential and liquid exchanges, too.


when i worked back around 2011 on i told people at work about bitcoin. ......

.... but then again maybe not. bitcoin was too important not to spread the word.

This is a good point, vapourminer.

No matter the circumstances, there is a balancing that is needed to be considered, and in some sense, some of us might feel some kinds of obligations to have had spread the word, whether we are talking about 2011, some later date, or even now, and all of a sudden because we may have become rich as fuck or relatively richer than some of our neighbors because we move above and beyond ramen, we still might have some balancing obligations (surely, personal discretion in terms of how much of any kind of obligation that might be felt) in terms of sharing with others but maybe not getting too caught up into personal details.

I continue to frequently tell people (strangers and even people that I might only know superficially as well as persons that I know in more intimate and ongoing ways) that bitcoin is likely to be serving as one of the greatest wealth transfers that we have ever known or that the world has ever known, and sure you can remain stupid about it or unaware, but in some sense you are lucky that I am even mentioning such a thing to you and going into some details about my having had studied the space.  Sure, you have the right to do whatever the fuck you want in terms of "looking into the matter" or taking some kind of meaningful action or even ignoring whatever I have said to you about the topic.  I am not necessarily going to attempt to teach you anything beyond some informed questions that you might ask, but in a considerable sense you have been put on notice, and it is up to you regarding what to do, if anything.

Surely, my going into the idea of "the greatest wealth transfer in history" is going to vary and is quite likely to come out differently, and maybe at some point I might hone in upon some better formulaic ways of saying such things and to differ the pitch a wee bit depending on my assessment of the receptiveness of my audience.
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March 20, 2021, 07:51:42 PM

Massive pump to 75000 coming before April, you heard it here first. Once we break 60000 comfortably we will move to new highs. 2021 is the shit!

Yes, we heard it here first, but IIRC already some weeks ago  Wink

EDIT: I see support building in the low to mid €49k's. We could break $60k (€50k) comfortably today, but this would be clearly a very optimistic view.
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March 20, 2021, 08:18:56 PM

Breaking 60k this weekend would be a semi-major event, given the temporary cooling off climate. I say: we wait until next week, padawans.
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March 20, 2021, 08:22:54 PM
Merited by El duderino_ (2)

This is our time

Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.

This is what we've been expecting since the early 2010's. We fucking did it!

Good point.. you fucking used-to-be bear troll.  #nohomo


 Cheesy Cheesy Cheesy Cheesy Cheesy

when i worked back around 2011 on i told people at work about bitcoin. there were some smart people most with multiple degrees in their fields. also told the tech support guys whom i really thought would understand it. but everyone of them except one pretty much politely blew it off. that one person? one of the billers (the youngest one), who instantly knew there was something interesting there. i gave her a paper wallet with like 5 bucks or something.

[...]

2011... $5 worth of corn... Where is that goddess now? I'd like to sit next to her in her throne!

i gave her some homework (how to find and check the official hashes of downloaded files, check pgp sigs and such) along with the wallet and she was a pretty smart cookie, so hopefully not working there (or anywhere else) any more, and just enjoying the ride.

Whoaza!!!!!!

Just imagining how much MOAR smartie-pants peeps needed to be back in the good ole days that were MOAR oldie than when I got in to BTC, in 2013.

My first purchases and fucking around with bitcoin were on: 1) local bitcoins, 2) blockchain.com wallet, 3) Coinbase, 4) BTC-e, 5) later Circle, 6) and surely there were some others that were added with more and more passage of time and my various increases in my bitcoin exposures, but really I cannot remember too many of my earlier days to have been very technical in nature..

It does seem that I have learned a few "technical" matters along the way, but my technical skill levels still seem to remain, relatively speaking, quite a bit not very technical, even though sometimes I appreciate that learning some more technical aspects in relation to bitcoin would have been helpful in the past, could be helpful now and is likely to continue to be helpful, even though more and more with the passage of time, there are becoming greater and greater abilities to interact with bitcoin, gain exposure and even hold your own keys without having very many technical skills (however those "technical skills" are defined).

This is our time

Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.

This is what we've been expecting since the early 2010's. We fucking did it!

no not yet but close.

once we crest over 100k and simply stay there with sideways and slowing upwards trends we will be there.

Even if I give your mother a rough time, it seems to me that he is largely correct with an assessment that "we have already made it."

Yeah, there are ways to continue to proclaim that some additional mile markers need to be reached and/or surpassed.. but even though nothing is guaranteed, especially in bitcoinlandia, there is a certain kind of sense that the odds of x, y or z... are really high in favor of richie status.. .... so whatever, even though I hate really suggesting that some of these matters are "inevitable" but golly gee whiz, not very easy to find better places to put some money.. and not even suggesting to increase allocations.. because even small stakes in bitcoin is likely to end up being quite rewarding and surely more meaningful stakes might be the more prudent way forward, even with folks who are having trouble getting or maintaining a "pot to piss in" (meaning that theys don't gots much).


The 2001 to 2008 DowJones was all bull a 7 year run.  I have zero idea how long this bull run will be but maybe just maybe we can see a real long run here 2+ years so sideways and slowly upwards would mean a maturing of the market.

Have you ever heard of dee 1) stock-to-flow model or the four-year fractal?  Why the fuck reinvent the wheel when we already have some pretty decent ideas of timelines, and yeah, I am not even saying that we might not burst a bit outside of those models, but golly-gee-whiz, until we get some kind of better model, it seems that we should not be making up some new shit when we already have some decent timeline frameworks for what might happen and when it might happen.... Yeah, we have the exponential s-curve adoption based on metcalfe principles and networking effects too, but that 3rd model does not really need to be emphasized in this context because the stock to flow and the 4-year fractal already give ideas of timing that are not even contrary to the exponential s-curve adoption aspect.


I can still see 7-11 trillion as the longterm goal as BTC becomes the new gold.

Haven't many of us already logically and evidentiarily established that it is quite likely that BTC is way the fuck more valuable than gold - so who the fuck cares about gold's market cap beyond the fact that it is a place that bitcoin is going and then going to surpass.. .so it is just a kind of stop or a passing through place along the way.. nothing to really target as a meaningful stopping point, even though it is quite possible that bitcoin might consolidate there or find resistance there or find support there or whatever...  

And space mined gold is simply a far more common useful metal.

Not sure about what this here last point has to do anything with the price of tea in China?   Tongue

This is our time

Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.

This is what we've been expecting since the early 2010's. We fucking did it!

no not yet but close.

once we crest over 100k and simply stay there with sideways and slowing upwards trends we will be there.

The 2001 to 2008 DowJones was all bull a 7 year run.  I have zero idea how long this bull run will be but maybe just maybe we can see a real long run here 2+ years so sideways and slowly upwards would mean a maturing of the market.

I can still see 7-11 trillion as the longterm goal as BTC becomes the new gold.

And space mined gold is simply a far more common useful metal.

"no not yet but close.

once we crest over 100k and simply stay there"

You make little sense. I'm talking about fundamentals and the institutional stampede that is happening right now and you're countering me with some magical number that "you" think will bring maturity to the market. Huh ? Huh The market cap relative to other markets and commodities is what counts, not some rounded price that you think it's sounding good

How did you become so smartie-pants, your mother?

I can remember the days when you used to say a lot of stupid shit, and now, all of a sudden, you are making senses.
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March 20, 2021, 08:26:10 PM

Yeah, I was discussing this with my gf the other day. She has family members that have told loads of other family members. It’s really irritating, I don’t want to be having to face questions like -

‘So how many bitcoin do you have’
‘What are they all worth’
‘When will you sell’

Mind your own damn business. I don’t ask to see your wages or bank statements, assholes.
I really think this is because of social media, I know that people have always been a little bit of a gossip and they love to find out whatever they can about everyone, and we know this is true because people have love to find whatever they can about their favorite stars since forever and they could read about that for eternity if time permitted it, however with the advent of social media that behavior that in the past was reserved for stars now applies to everyone.

I don't know if you guys are still dating but that is precisely one of the things that bothers me, people ask you financial information as if it is nothing on the first five minutes of the interaction and then they get offended when you don't answer or evade the question, they do not realize that if you never see each other again you have given this person very valuable information about how much you earn, how much money you have in your bank account and similar stuff, I do not want strangers with that information on their head because you do not know who they can share that information with and that's dangerous, social media has created a world which went from "share whatever you wanted to share with the world" to "you have to share everything and if you don't you're suspicious".
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March 20, 2021, 08:26:57 PM

Commodity Futures Trading Commission Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading
https://www.cftc.gov/PressRoom/PressReleases/8369-21
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March 20, 2021, 08:30:43 PM

I don't know if you guys are still dating but that is precisely one of the things that bothers me, people ask you financial information as if it is nothing on the first five minutes of the interaction and then they get offended when you don't answer or evade the question

Sounds like those kind of people you are meeting are blatantly gold diggers. You're probably best off ending the interaction immediately or at least by the next morning if you're inclined to see what you can get from it.
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March 20, 2021, 08:46:05 PM
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The struggle is temporary

https://old.reddit.com/r/Bitcoin/comments/m92y4e/the_struggle_is_temporary/

cat laser eyes song lol

https://old.reddit.com/r/Bitcoin/comments/m8pxv1/bitcoin_blinding_lights_laserrayuntil100k/
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March 20, 2021, 08:53:34 PM

Merited also for using old.reddit  Cool
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March 20, 2021, 08:56:02 PM
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I realized right away that nothing good would come of it: either they would spend the early years laughing at you because they think it's a scam, or spend later years pissed at you that you became rich (on a scam asset in their minds) and won't share the wealth with them.


Those are the only two options? Do you only know shitty people?

Yep...with the exception of the WO gentlemen, that's all the world is full of now.  Tongue

All joking aside though, even if they didn't do those two things above, the more likely outcome is complete ambivalence toward Bitcoin. Acting like the only people who invest in btc are just weirdo nerds.

From the stories I've seen here and elsewhere on the net, looks like hiding my ownership of btc was the right call after all.

I get to have all of the financial upsides, and none of the social downsides. I don't need bragging rights to feel wealthy, people can see by the things that I own that I'm well off. They don't need the details of exactly how I did it. I also don't need a target on my back.

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March 20, 2021, 09:15:41 PM
Merited by OutOfMemory (1)

Yeah.
I remember the time as "the time when my brother in law said that bitcoin will never go over $10k again"  Cheesy Cheesy
To be fair, maybe he was meaning €10k, but whatever. I was thinking somethink like HFSP!, but in a more mercyful way.


Plot twist: OutOfMemory's brother in law = proudhon?  Grin
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Merited also for using old.reddit  Cool

I thought I was one of the only ones... god the new layout is dogshit
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March 20, 2021, 09:26:06 PM
Last edit: March 21, 2021, 01:55:52 AM by JayJuanGee
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Nah going down a bit again.

I hope it will cross 60k  this weekend, just like last, I need to sell a small amount to buy crap that I really want.

We already crossed $60k a couple of times, already.

What more you be wanting?  

You cannot even appreciate $58k or $59k?  What's dee BIG diff?

[edited out]
 
show me any stock that has done the rise in value that bitcoin has done since 2009 to 2021.  The answer is no such comparable exists.  


Bitcoin no be a stock.

Have you ever heard of paradigm-shifting technology?  



Since no stock has behaved in the pattern of btc.


That is be called Koreck.


So the new floor we be 100 k the bull run has more then 6 to 9 months left.


Seems kind of random to either know time or price and especially both at the same time.


We will peak near 160k and slowly retreat back close to 100k.


Might happen that way.  Sure.. There's a chance.


At this point there will be a lone sideways action. IT will end when Musk and NASA Tell us about gold mining.


That's a pretty specific prediction for sure.


Asteroid gold mining will alter gold to a different status.


Moving into the ridiculous, now.

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

needed some smiley faces there. #nohomo


As it will allow for 100 year or more batteries. Solar will take over bigly as the battery replacement issue for true off grid will be gone. Btc mining will be the primary force behind cheaper energy.


This part makes some sense, at least in a sense that BTC may well create exponential incentives to find and incentivize the use of less efficient energy sources and to make them more useful or used (even if you might not be saying it in the same way as me).


The industry will mature and flat line. The next plateau is the 100-160 range. The eventual plateau is 750k in today's dollars. That is about 20 years to 30 years from now.


Seems quite bearish and also failure and refusal to really understand bitcoin's upside potential in terms of current lack of adoption that will likely continue to inspire bitcoin innovation and price appreciation in a variety of ways.. including likely somewhat ongoing conformity with stock to flow models, even if stock to flow might NOT end up getting some aspects of bitcoin's upcoming and anticipated price performance exactly right.



Do yourself a favor and do not try using fundamentals to predict btc price levels.


I appreciate that you are directing this comment at your mother, yet your models do not seem better, Phillip, but hey to each their own.



And do not knock magical thinking when it comes to BTC

I doubt that your mother was knocking magical thinking but instead asserting that you are limiting yourself, which I am not sure if that would be fairly described as magical or maybe more accurately an attempt at the creation of a new and innovative BTC price prediction model that is way the fuck less convincing than other more current models such as 1) stock to flow, 2) 4-year fractal and 3) exponential s-curve adoption based on metcalfe principles and networking effects.

Apparently he's all in on eth so at least not completely retarded but still... he also cited the energy thing.

You mean that instead of being 100% retarded, he is only 99.99% retarded?  O.k.  Perhaps that is a bit less than "complete" retardedness.  Perhaps.

$60,000 still seemingly too tough a nut to crack. It’ll break soon enough but I wonder how long we’ll have to wait.

My lines and science and math are telling me: this weekend.
We may dump a lil under $50k $60k afterwards for a short while, though.

Nah, it's only SOMA, but it really feels like it will happen this way.

Feels does not seem to be a good way of preparing.. but hey, not good to take 'vices from a bot on the interwebs, either.  So there is that angle, too.

$60,000 still seemingly too tough a nut to crack. It’ll break soon enough but I wonder how long we’ll have to wait.

My lines and science and math are telling me: this weekend.
We may dump a lil under $50k $60k afterwards for a short while, though.

Nah, it's only SOMA, but it really feels like it will happen this way.

9000 all over again, told you.

Oh gawd..

You did tell us, and pretty soon my eyes are going to be so far behind my head that I am going to be looking at mi garganta.

Yeah, I was discussing this with my gf the other day. She has family members that have told loads of other family members. It’s really irritating, I don’t want to be having to face questions like -

‘So how many bitcoin do you have’
‘What are they all worth’
‘When will you sell’

Mind your own damn business. I don’t ask to see your wages or bank statements, assholes.

Tell them to learn how to use a block explorer. Cheesy

Let's assume, just for the sake of argument that LFC gf name is Elizabeth (I have no idea).
Instead of saying anything about bitcoin, retort by saying "Liz and I are thinking about splitting".
They would leave you alone and converge on a "poor Liz".
A risky proposition, perhaps, as some "retaliation" and sad face might follow, but maybe needed for the future opsec.
Otherwise, things would go out of hand shortly.

Thankfully, my wife is very discreet about it. We never tell anything even to our children.
Eventually, they would know, but not yet, although there could be some debate about this as their life path could be different (or not).
My worry is that knowing anticipation of the future 'reward' might result in the current passivity.

Interesting point, Biodom, about the kids.

I would speculate that your kids will sometimes be around you while you are either writing posts, here, about bitcoin, or you are otherwise researching or looking into various bitcoin matters, including looking at the BTC price from time to time.  So then, how do you navigate those kinds of matters?  Do you have some kind of cover story?  There is hardly no way that you are going to be able to tell me, convincingly, that you are not spending very much time on bitcoin.  It's like when jbreher tried to tell me (actually he did tell me) that being involved in ladder trading hardly takes any time... blah blah blah.., and surely, I took his representations with a decently sized grain of salt, even though I do appreciate that there are ways to employ less time consuming methods practices and ways to employ methods that will inevitably take more time to keep up.  
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March 20, 2021, 09:44:28 PM
Last edit: March 20, 2021, 09:57:27 PM by LFC_Bitcoin
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https://twitter.com/coincornermolly/status/1373342354443268098?s=21


Hi Molly, I’m LFC_Bitcoin & I’ve HODLED hard since 2014. Would you like to go to bed with me?
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March 20, 2021, 10:12:23 PM

How about a game

Where is this, and when.

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March 20, 2021, 10:17:00 PM

To all those concerned that they have told too many people about their Bitcoin ownership, fearnot. In 5-10 years time everyone will own Bitcoin, so you will no longer stand out from the crowd and instead will be mostly forgotten in the noise. Just give it time.
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March 20, 2021, 10:38:06 PM
Merited by El duderino_ (5)

How about a game

Where is this, and when.



union square, new york, 1905. next.

edit: AlcoHoDL Tongue
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March 20, 2021, 10:39:17 PM

How about a game

Where is this, and when.



Where: New York City — Union Square

When: Circa 1870

Edit: vroom beat me to it!
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March 20, 2021, 10:46:04 PM
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You are both right, the year is a bit sketchy but late 1800s-early 1900s, my source is a postcard stamped 1909.



Present day-ish.



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March 20, 2021, 11:28:00 PM
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