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

[ChartBuddy]

Explanation

[proudhon]

So do you guys think bitcoin will fully collapse within a year, or it'll be 5+ years for this death to play out completely?

It's already dead. Died 10 years ago in the good old days. In the process of drawing its final breath.

Yeah, I've been here for a while and that's kind of what I think. It's been a very long, slow death, but it probably did die 10 or so years ago. My guess is it was the MtGox flashcrash that ultimately killed bitcoin. Just really no way to trust this "currency" after that. I think in a years time we'll be able to see that 2011 to 2021 was nothing more than one giant dead cat bounce.

[BitcoinBunny]

So do you guys think bitcoin will fully collapse within a year, or it'll be 5+ years for this death to play out completely?

It's already dead. Died 10 years ago in the good old days. In the process of drawing its final breath.

Yeah, I've been here for a while and that's kind of what I think. It's been a very long, slow death, but it probably did die 10 or so years ago. My guess is it was the MtGox flashcrash that ultimately killed bitcoin. Just really no way to trust this "currency" after that. I think in a years time we'll be able to see that 2011 to 2021 was nothing more than one giant dead cat bounce.

Just like this whole internet fad will finally come to an end.

A bunch of techie nonsense invented and used by only geeks living in their parents' basements.

[UnDerDoG81]

If Bitcoin hits 100k you can buy a nice 2nd hand sports car for half a Bitcoin. Wow! My heart is on the Porsche Cayman GT4 (wich would cost more than 1 Bitcoin at 100k). But its no all day car. The 2021 Mercedes AMG 45S looks sexy as well, even though I dont like the back so much. But you can go anywhere with it. And the interior of the Mercedes is freaking awesome. Its around 60-70k €. The AMG is more a fun car while the Porsche could be a pussy magnet. If Bitcoin reaches 200k you could afford both for 1 Bitcoin.

I wonder what your car plans are if 6 digits? Oh I am not stupid. That would be a fraction of my crypto I would spent on a car. Would keep the rest invested.

[cAPSLOCK]

I am backlogged here... But I gotta say I think it is EXTREMELY BULLISH that the entire US including several government folks are talking about "crypto" and how this bill is no good for it while bitcoin sails through resistance after resistance whilst just taking a quick breath to fill the options gap, and we here are deeply mired in COVID talk.

[cAPSLOCK]

So do you guys think bitcoin will fully collapse within a year, or it'll be 5+ years for this death to play out completely?

I thing the 5 year scenario seems more sensible.  But I also think there is a significant chance we see the mother of all "dumps" (could be a series of amazingly large "dumps") sometime in a year.  I think it is likely to do the thing that surprises the most people...

What do you think, sir?  You have been a consummate predictor so far.

[NotATether]

I am backlogged here... But I gotta say I think it is EXTREMELY BULLISH that the entire US including several infoluential is talking about "crypto" and how this bill is no good for it while bitcoin sails through resistance after resistance whilst just taking a quick breath to fill the options gap, and we here are deeply mired in COVID talk.

Funny how people are still Medium blogging why people should not invest in crypto in <insert year here>

[Mpamaegbu]

Whenever Bitcoin moons, the entire market looks Bitcoin-ish! It surely drags others up.



https://images.app.goo.gl/FQzVJgEf8mqdwBF98

[Free Market Capitalist]

Yeah, I've been here for a while and that's kind of what I think. It's been a very long, slow death, but it probably did die 10 or so years ago. My guess is it was the MtGox flashcrash that ultimately killed bitcoin. Just really no way to trust this "currency" after that. I think in a years time we'll be able to see that 2011 to 2021 was nothing more than one giant dead cat bounce.

I think you actually hold quite a few Bitcoins and here you represent a character for fun.

I know there are some very stupid people in the world but I refuse to believe you are that stupid, that's why I think you are acting.

It's not uncommon to see Bitcoin haters saying Bitcoin is going down/going to 0 etc but when the price goes up they disappear. They don't come here to be laughed at. Maybe even, the next time the Bitcoin goes down a bit, they will create a new account to say the same again but without being recognized.  I'm mainly talking about other internet sites, as you don't usually see many Bitcoin haters here.

So yeah, it's funny. Can't wait for your next "Scientific fact, Bitcoin will not be able to hold above $100k, $200k etc."

[BitcoinBunny]

If Bitcoin hits 100k you can buy a nice 2nd hand sports car for half a Bitcoin. Wow! My heart is on the Porsche Cayman GT4 (wich would cost more than 1 Bitcoin at 100k). But its no all day car. The 2021 Mercedes AMG 45S looks sexy as well, even though I dont like the back so much. But you can go anywhere with it. And the interior of the Mercedes is freaking awesome. Its around 60-70k €. The AMG is more a fun car while the Porsche could be a pussy magnet. If Bitcoin reaches 200k you could afford both for 1 Bitcoin.

I wonder what your car plans are if 6 digits? Oh I am not stupid. That would be a fraction of my crypto I would spent on a car. Would keep the rest invested.

Probably just a Toyota Supra or a new MX5 roadster regardless of how high BTC goes.

[Elwar]

I'm fully expecting bitcoin to hit $200k this cycle. I'm putting together a list of things I will buy at that point. Throwing $1 million at a house will come from the amount of BTC I made in one paycheck back in 2016 via BitWage.

*taking a loan out using my BTC as collateral...

[Richy_T]

Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

Just remember this gif exists for a reason

[d_eddie]

Is the bill/amendment news a dead duck now then? Do we just not care? 

We don't give a fuck duck! 

FTFY

[Richy_T]

'Honestly, I don't understand this new technology well enough to have any Earthly idea whether or how we should regulate it.

This is the default with everything now anyway. K-street writes the legislation and the politicians don't even have the integrity (or often even time) to read it and the voting is all manipulated and horse-traded anyway.

[ChartBuddy]

Explanation

[realsteelboy]

Is the bill/amendment news a dead duck now then? Do we just not care? 

We don't give a fuck duck! 

FTFY

Fuck a dead duck

[ImThour]

Just remember this gif exists for a reason

I have this GIF printed on my computer's cabinet. Will post once I'm back home.

[proudhon]

Yeah, I've been here for a while and that's kind of what I think. It's been a very long, slow death, but it probably did die 10 or so years ago. My guess is it was the MtGox flashcrash that ultimately killed bitcoin. Just really no way to trust this "currency" after that. I think in a years time we'll be able to see that 2011 to 2021 was nothing more than one giant dead cat bounce.

I think you actually hold quite a few Bitcoins and here you represent a character for fun.

I know there are some very stupid people in the world but I refuse to believe you are that stupid, that's why I think you are acting.

It's not uncommon to see Bitcoin haters saying Bitcoin is going down/going to 0 etc but when the price goes up they disappear. They don't come here to be laughed at. Maybe even, the next time the Bitcoin goes down a bit, they will create a new account to say the same again but without being recognized.  I'm mainly talking about other internet sites, as you don't usually see many Bitcoin haters here.

So yeah, it's funny. Can't wait for your next "Scientific fact, Bitcoin will not be able to hold above $100k, $200k etc."

[ChartBuddy]

Explanation

[Diced90]

Bitcoin dipping recently took a toll on my mental health. I thought with all the negative news about it might finally be hard to recover but how wrong was I. I am a idiot for doubting my investment and I will make it a part of my daily routine to come here on this topic as I know you guys are always more optimistic than the rest of the internet and I need that in my life!

Just remember this gif exists for a reason

It's the begining of a  new rollecoaster ride for BTC (and only HODLers will survive it)