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

[Wekkel]

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.

You’ve got a point 

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[Biodom]

My take on this is that bitcoin is a chance for humanity as a whole to transition to a better system.
It would be something akin to a cruel joke if this is somehow curtailed after 12 years in the making.

That said, the trajectory is unclear, the current patch of following the "predicted" graph notwithstanding.
Everybody expect a straight path at a 45 degree angle to 150-200K, then a typical bear market to, say, 60K.
However, we might get something that not many are prepared for-a brief and violent correction from 60-80K to 35-40K, then flat, then a rise to above 288K, maybe even above 500k.
The difference: earlier correction, then rise to higher than expected.
Personally, I am quite comfortable with a 52-60K range. In my book, it could continue for months, but how likely is this? Not very.

How bitcoin looks like in a higher inflation background? We expect it to be very bullish, albeit gold is declining despite apparently higher inflation expectations.
Does it show that inflation would be followed by a stronger deflation pulse? If so, then why oil is rising? Maybe gold is being de-monetized (in favor of btc) and gold's movement is irrelevant?

Interesting nugget: I was checking some RE around the country and it is an amazing picture. In some spots things are stable, while in others there is an incredible bump up in the last 6-12 mo. COVID effect (escape from the cities)?
What happens if you buy now at that 1.5-2X bumped price? Most likely it would slowly go down in the next 10-20 years, which makes buying in those places and prices a non-starter, hence someone cannot even exchange btc proceeds into something stable aka real estate (at favorable locations). Of course , you can buy if you want to be there, but you are bound to lose money on many of the current "deals", imho.

[Wekkel]

Updated Chart.

https://i.imgur.com/iqiV6Wz.png

Almost 

In the vocabulary of this thread: this means that Bitcoin is going sideways for too long 

[dieselmeister]

As per chart below $57000 BTC is bullish .  And My Targets are $72000/$78000  



https://www.tradingview.com/chart/BTCUSDT/dpUsEzQv-Bitcoin-Ready-for-78000-for-New-All-time-high-and-After/

mmmh ... seems to working yet.

[Wekkel]

I think there will be a flood of cheap gpus for sale by next july, when ETH activates EIP1559.

Dunno who is still buying and scalping gpus at these prices with such a deadline in close sight...

I’m not familiar with the change in Ethereum. Could you elaborate?

[cAPSLOCK]

We know the stimmy was $1400 - Please tell us you spent the rest on steaks and beer. 

Didn't need a stimmy. Does not feel right asking for one.

Respect.

[Wekkel]

True words:

If you treat #bitcoin  like a fiat asset, it will treat you like a fiat holder

source: https://twitter.com/pierre_rochard/status/1373417055999959051?s=21

[OutOfMemory]

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  

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.

THAT didn't age well 
Too optimistic, as i said 
No fiat to reload, wifey wanted to buy a horse, but since it turned out to be a rather lame duck, she will put the same amount into corn.
Good girl 

[vroom]

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  

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.

THAT didn't age well 
Too optimistic, as i said 
No fiat to reload, wifey wanted to buy a horse, but since it turned out to be a rather lame duck, she will put the same amount into corn.
Good girl 

I'm very curious to see what comes from NYDIG next week. Maybe that will make Bitcoin pumpy.

[Biodom]

True words:

If you treat #bitcoin  like a fiat asset, it will treat you like a fiat holder

source: https://twitter.com/pierre_rochard/status/1373417055999959051?s=21

True, but, overall, there are some truly nut cases on that thread.

[wxa7115]

I think there will be a flood of cheap gpus for sale by next july, when ETH activates EIP1559.

Dunno who is still buying and scalping gpus at these prices with such a deadline in close sight...

I’m not familiar with the change in Ethereum. Could you elaborate?

It is difficult to know if people are being sarcastic in written form since this is probably the most hardcore bitcoin thread on the forum but I will answer, basically the ethereum developers are trying to reduce the fees users need to pay to move their shitcoins and they are planning to throw miners under the bus by reducing their profits, taking into account ethereum plans to move from PoW to PoS this is not surprising, and also in the process the ethereum developers added something called a base fee that will be burned to try control the supply of ethereum, or to put it in fewer words this makes ethereum way worse than it was so miners will either switch coins to mine or will just sell their equipment.

Sorry for the altcoin rant.

[Millionero]

[...]

I have recalled several occasions driving by myself in a fairly spacious luxury car (think of a medium-sized SUV) and then parking in the parking lot next to someone who has a tiny car, but they are fitting a family of 7 (including dog) into a car that really should only sit 4 at most (think of a vw beetle or some small car that might be slightly larger)... and sure, I feel a bit guilty in my thinking that they would fit much more nicely in my car, and I could fit more easily into their car as one person rather than 7, but I still do not exchange cars with them, even though I already realize that it should be quite obvious that I am much better off financially than them, and I am not sure whether they might have more bonding over their ridiculous experiences of fitting so many in their car and hanging out in such proximity that would be quite uncomfortable for me.

[...]

If you did swap your car with theirs, you could be called a truly religious person, not just in name, but in substance, at least as far as Christianity is concerned. Someone once said: "If you have two shirts and your neighbour has none, you are not religious."

Although I'm an atheist, so I don't recognize any god whose teachings I should dogmatically follow, I can understand and sympathize with the situation you're describing above. The world, by its very nature, is an extremely cruel place, and one cannot survive and keep his/her sanity without having to live with, and tolerate such huge imbalances of wants, needs, and ability (or lack thereof) to fulfill them. Communism has attempted to solve the above problem, but we've all seen the consequences... IMHO, in the end, it all comes down to human nature, which is a selfish nature. Whether we like it or not, we are all programmed to survive at all costs.

So, don't feel guilty about not swapping your car with theirs. This is the expected behaviour. If you wish to help the world, just help yourself first (as you've already said), and then you'll be in a better position to help others if you so wish.

Damn, Sunday afternoon, no coffee, and here I am blabbering again...

Got to visit my dear cousin, niece & nephew today (will need to sneak past COVID-19 movement restrictions, hopefully I won't get stopped/fined).

Corn is not doing so well (relatively speaking—are we greedy or what?), the Stimulus Check pump was not even for ants, if it even materialized... Not to worry though, the real pump will come soon, and it won't be for ants. Math & science.

Have you even considered the effect of swapping a nice big car for a dinky, worn out rattletrap?  First of all, if you offered them your car, they might see you as a meddlesome, self-absorbed goody two-shoes (which might be close to the truth) and tell you to fuck off.  Or if they accepted, they might end up hating you for it.  And you would end up kicking yourself for doing such a stupid thing -- look at this smelly little rust-bucket with bad shocks I gave my nice SUV away for!
Let's be real, you ain't giving your car away.

[Wekkel]

I think there will be a flood of cheap gpus for sale by next july, when ETH activates EIP1559.

Dunno who is still buying and scalping gpus at these prices with such a deadline in close sight...

I’m not familiar with the change in Ethereum. Could you elaborate?

It is difficult to know if people are being sarcastic in written form since this is probably the most hardcore bitcoin thread on the forum but I will answer,  [...]

Sorry for the altcoin rant.

Thanks for the explanation. So essentially, the rewards for miners goes down I guess.

[vroom]

I think there will be a flood of cheap gpus for sale by next july, when ETH activates EIP1559.

Dunno who is still buying and scalping gpus at these prices with such a deadline in close sight...

I’m not familiar with the change in Ethereum. Could you elaborate?

It is difficult to know if people are being sarcastic in written form since this is probably the most hardcore bitcoin thread on the forum but I will answer,  [...]

Sorry for the altcoin rant.

Thanks for the explanation. So essentially, the rewards for miners goes down I guess.

The PoW to PoS transistion will be fun to watch. I predict a fork, ethpow and ethpos.

[LFC_Bitcoin]

Cameron Winklevoss
@cameron
#Bitcoin  before and after headlines. How it started. How it’s going.

https://twitter.com/cameron/status/1373731821482037258?s=21

[Tash]

I think there will be a flood of cheap gpus for sale by next july, when ETH activates EIP1559.

Dunno who is still buying and scalping gpus at these prices with such a deadline in close sight...

I’m not familiar with the change in Ethereum. Could you elaborate?

It is difficult to know if people are being sarcastic in written form since this is probably the most hardcore bitcoin thread on the forum but I will answer,  [...]

Sorry for the altcoin rant.

Thanks for the explanation. So essentially, the rewards for miners goes down I guess.

The PoW to PoS transistion will be fun to watch. I predict a fork, ethpow and ethpos.

You a bit late watching that fork. It was 4years late, but they managed to create a POS chain. Someone will always mine Eth

https://beaconcha.in/block/0  01/12/2020 Eth2-chain (Beacon)
https://blockchair.com/ethereum/block/0  2015/07/30 Ethereum-chain

[Sayeds56]

Not sure why number going down.

I think in this case, it's going down because it didn't go up. Lots of "pricing in" of a stimulation bump that never materialized.

Wake me up when "we" get below $52k (about 15% correction from our current local top/ATH of $61,782) (if we do?).. .otherwise I am continuing to have some difficulties conceptualizing that "we" be going DOWNity in any significant or meaningful way, beyond mere noises... when prices be staying quite considerably above $52k...

which in other words the degree of supposed DOWNity that is taking place in recent times including about the past week or so remains a BIG so what...

[sirazimuth]

Back in the day I used to get excited when King Daddy pumped $10.
Nowadays it bounces around plus or minus a few thou and I keep yawning...

Edit (as usual)...

wait a minute... I'm getting excited... It's almost gardening season...

[shahzadafzal]

Microsoft is now asking Xbox users about #Bitcoin BTC



https://twitter.com/documentingbtc/status/1373737622317699081?s=21

[sirazimuth]

Microsoft is now asking Xbox users about #Bitcoin BTC



https://twitter.com/documentingbtc/status/1373737622317699081?s=21

I'll go out on a limb here and proclaim that possible payment options for Xbox is not going to have a significant effect on my quality of life...but that's just me....