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

[eddie13]

Are you trying to say that bitcoin is "not" designed to pump forever?

I'm saying the planet isn't designed to pump forever

Whether we are talking 1 house per BTC or 10 houses per BTC or some other price point, there is a bit of a suggestion that houses (in your example) are as scarce as bitcoin, amiNOTrite?

Make it 100 houses per Bitcoin, 2.1 billion houses on the planet seams about right.

I will concede with an overall point that our bitcoin price trajectory (including ongoing BTC prices) is going to likely become more and more flat with the passage of time, but I am having some doubts that bitcoin would stay flat relative to any particular asset, such as 10 houses because that would suggest that houses are as rare as bitcoin...

It can't keep going up, otherwise at some point 1 Bitcoin would be worth a billion houses.

Accordingly, maybe 1 year from now, we have bitcoin valued at 1 house,
then 5 years from now we have bitcoin valued at 10 houses,
then 9 years from now we have bitcoin valued at 16 houses,
then 13 years from now we have bitcoin valued at 24 houses,
then 17 years from now we have bitcoin valued at 34 houses,
then 21 years from now we have bitcoin valued at 44 houses,
then 25 years from now we have bitcoin valued at 52 houses,
then 29 years from now we have bitcoin valued at 58 houses,

A flattening S-curve makes sense.

Your both bearish af..

In 2066 the Milky Way galaxy will be worth approximately 2.1BTC

We will have conquered deep space by then with the power of our Bitcoin profits.. In about 2032..
And then when all the space aliums adopt our BTC monetary system, our stashes will be worth infinity..

HODL

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[fillippone]

Something is definitely happening on the futures market:



My two cents here:
Everything you wanted to know about BTC futures but were afraid to ask!

Tl;DR
They is a buying spree @CME futures. There is no rational reason for this rather than a bigger spree in the making.

[eddie13]

I wonder which is better?  a GF? or a second phone?

A 2nd and 3rd GF..

[ChartBuddy]

Explanation

[Copetech]

I wonder which is better?  a GF? or a second phone?

A 2nd and 3rd GF..

That's an awful lot of maintenance costs for very little return...

[shahzadafzal]

“Thank God for #Bitcoin”
— Senator @CynthiaMLummis

https://twitter.com/documentingbtc/status/1448777127273410563?s=21

[savetherainforest]

I wonder which is better?  a GF? or a second phone?

A 2nd and 3rd GF..

That's an awful lot of maintenance costs for very little return...

Soon comes "no fap November"!!!

[shahzadafzal]

A horror movie!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

Something is definitely happening on the futures market:



My two cents here:
Everything you wanted to know about BTC futures but were afraid to ask!

Tl;DR
They is a buying spree @CME futures. There is no rational reason for this rather than a bigger spree in the making.

All futures based ETF are POS. I looked at quite a few, price-wise.
Futures based ETF are great for shorting, that's all. They typically pop for a few mo (and not longer than a year) and then go down year after year, no matter what the underlying does, it seems.

[Sayeds56]

Fasten your seat belts, Flight is about to take off.    



https://twitter.com/Schuldensuehner/status/1448742249383219210/photo/1

[ChartBuddy]

Explanation

[JayJuanGee]

Something is definitely happening on the futures market:



My two cents here:
Everything you wanted to know about BTC futures but were afraid to ask!

Tl;DR
They is a buying spree @CME futures. There is no rational reason for this rather than a bigger spree in the making.

All futures based ETF are POS. I looked at quite a few, price-wise.
Futures based ETF are great for shorting, that's all. They typically pop for a few mo (and not longer than a year) and then go down year after year, no matter what the underlying does, it seems.

 

Please, please, please Biodom, say that it isn't so  -  since it doesn't sound good.

We are surely gonna be fucked if any ETFs are approved.

Say "good bye" to lillie fiend - this time for sure, right?

Sucks to be a btc bag HODLer.


 

[Biodom]

@JJG..you just don't get it, don't ya?

Bitcoin would be fine, it is the PRICE of that (FUTURES BASED) ETF that would be f-ed up, that's all.
"Regular" btc ETF (based not on futures, but on the spot price) would be fine just as well, just like GLD is fine and is largely following the commodity.
Alas, futures -based ETFs do not do that (follow the underlying commodity) over long periods of time.

..sideways..for all your buy/sell scenarios, get some education in how futures vs spot work.

[JayJuanGee]

@JJG..you just don't get it, don't ya?

Bitcoin would be fine, it is the PRICE of that (FUTURES BASED) ETF that would be f-ed up, that's all.

Oh?

You had me worried there for a wee bit (you patronizing fuck)

"Regular" btc ETF (based not of futures, but on the spot price) would be fine just as well, just like GLD is fine and is largely following the commodity.
Alas, futures -based ETFs do not do that (follow the underlying commodity) over long periods of time.

Go figure.  Smartie pants wannabe.

..sideways..for all your buy/sell scenarios, get some education in how futures vs spot work.

Do you believe such an edumacation thingie-ma-jiggie is necessary?  I remember in around mid-July how you were telling us that we were inevitably going down to either low $20ks or below $20ks and that was when we were in the $29k price arena... Your supposed superior edumacation in how BTC prices are workening has not seemed to help you very muchie in the portend-tious sense.  

[ChartBuddy]

Explanation

[Poker Player]

In the debate you are having, although to some extent you come to an agreement that the price or purchasing power of bitcoin will have to flatten in the future, I am closer to JJG's thinking.

I'm saying the planet isn't designed to pump forever

Well, of course it cannot grow indefinitely forever, but there is a pessimistic view of human growth exemplified by Malthus, and which at least for the moment has been proven wrong. He said that humans grow in geometric progression and food production in arithmetic progression, so that food shortages would not be long in coming due to lack of resources. When he was alive, there were 1 billion people on earth, today there are 7 billion who are generally much better fed and have a much higher standard of living in terms of consumption of goods and services.

But yes, I suppose there has to be a limit to growth and it cannot be infinite, what I doubt is whether we are putting how we imagine the limit very short.

[jojo69]

[Copetech]

Knock Knock $59k anybody home?