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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336429 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. (170 posts by 1 users with 9 merit deleted.)
HI-TEC99
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November 09, 2021, 03:51:58 AM

Goodmorning gentlemen, a new all-time high. Smiley

$68,300!

$68,400!

$68,550!
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lightfoot
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I fix broken miners. And make holes in teeth :-)


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November 09, 2021, 03:54:07 AM

Moar helicopters....
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November 09, 2021, 04:01:25 AM


Explanation
rdbase
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November 09, 2021, 04:03:29 AM

WO ATH soon! I want to see who will be the first to post on that page.
They'll deserve a metal!  medal!

FTFY rdbase.
Ofc Ofc! Wink

Bitcoin is pumping up and it is looking like it going for that run up to $100k by the end of the year.

Wait until it reaches $69k (not too long now!) then we will see alot of the strangest meme on this thread coming out of the woodwork. Grin
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November 09, 2021, 04:28:32 AM
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Moar helicopters....


JayJuanGee
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November 09, 2021, 04:48:15 AM

who  cares... @JJG?
nobody

if you think that going from 65 to 650 is the same as going from 65000 to 650000, I beg to differ.

I did not even say the thing that you are accusing me.

I did not say it was the same, but I suggested that network effects likely cause it to not seem to be as difficult, such as 100x 10x (whoops.. both of them were 10x not 100x), as you are trying to make it out to be.. or whatever nonsense you our putting out there.

Let me try saying it like this.

We went from $65 to $650 in late 2013 - so sure that was on the way to $1,163, so we corrected back down to the $200s for a considerable amount of time before passing through $650 again in May 2016 and then again in September or so of 2016... so yeah.. we could say that it took about 3 years to get from $65 to pass above $650 in any kind of solid way.. but really there has not been much of a return to those kinds of $650 levels.. 

So now we are 100x higher at $65,000 and there is a question in your mind about how long it might take to get 10x to $650k and perhaps if the market has to grow more than 100x or even 1000x to be able to get from $65k to $650k... so sure, are we at a base with $65k, yet?  or we not quite in a place to be able to get to $650k because $650k could be part of next cycle rather than this cycle?

I think that it is better to be attempting to look at our bouncing off points in regards to whatever cycle we are talking about in terms of trying to figure out if the BTC space has been able to grow enough in order to support another 10x magnitude jump at this price like it did in its jumping from $65 to $650 between late 2013 and late 2016.

If we consider our jumping off point for this particular run to be $4k, then the 10x was already achieved by reaching $40k, and $40k seems pretty solidly behind us (not that we might not be revisiting $40k at some point), but it makes little sense to be using $65k as if it were a jumping off point.. and even nonsense because it is a top of a previous peak, so if we want to talk about a bouncing off point, we might talk about $30k.. and then bouncing to $300k?  Yes.. bouncing to $300k seems quite a bit more reachable for this cycle than $650k - and that would be a 10x increase also, if we are referring to $30k as our bouncing off point..and maybe more realistic rather than needing to wait until next cycle for $650k is solidly reached (not even saying that $650k might NOT be reached this cycle, but just that the numbers that we are working with are a wee bit weird).

It ain't..that is NOT to say that it cannot, it's just a completely different story.
At 650k, bitcoin is (will be) geopolitical.
Right now, it still looks like a very large cap stock (in size).
At 13.65 trillions (eq to 650K price), it would be large countries "playground".

Sure.. the little baby bitcoin is getting bigger.. sure.. sure .. sure.. instead of barely being noticeable and 1/1,000 or smaller the size of gold, it is currently 1/10 gold and surely approaching the size of gold and many of us realize that bitcoin is 100x to 1,000x better than gold, so we know where bitcoin is going, and not even saying that there won't be some more battles along the way.  Most certainly there are going to continue to be battles, but there is still a lot of value that can flow into bitcoin along the way too.

I hardly even understand your point anymore... except you are trying to suggest that there is not enough buy support to keep bitcoin up in price or to have another 10x from here... ok. whatever.. sometimes price support is both a product of time and also just Lindy effect dynamics of continuing to trade at certain prices.. which bitcoin has already been passing up the value chain to get larger and larger, and it is likely going to continue to get larger and larger - even if it is being noticed more by actors who now want to kill it but had not previously noticed it, but at the same time we have other actors who now want to invest in bitcoin but had not previously noticed it. 

We do not just have one side of the ledger to consider we have back and forth and ongoingly we have new players coming into the bitcoin space.
ChartBuddy
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November 09, 2021, 05:01:23 AM


Explanation
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November 09, 2021, 05:07:09 AM

The history of the corn.  Gaze upon the 2017 volume vs today...  where on this graph are we???




Zoom in on the 2 year period of the greatest global economic crisis in our lifetimes.




Damn.

I am going to guess.

We are at the low sloping part that is before the exponential part?

Did I win anything?

Wait.

Are you saying that volume fluctuated more in 2017 than it is doing right now, so therefore there might be some reason to worry.

Let's search for a reason to worry.

Great idea.

 Cry Cry Cry Cry Cry

I don't want to have to worry.

 Cry Cry Cry


Good guess.. And I don't know the answer. It could do anything... But it might just fulfill the prophecy that was made so long ago, and paint something that look like 2014.  At this point that's the only "echo" it can do.  It ain't going to look like 2017.

Well I take that back, I guess... if it went up a whole lot more than most of us think, from here, then the previous high might just look like a blip.  But that seems kind of unlikely.  And it would still be kinda new. So it boils done to super cycle, regular epoch, or black swan.

And I second the suggestion you made to yourself not to worry.  This would be a crazy time to worry.  We got nothing but good news around this corner, lol...  I will honestly be surprised if this one doesn't just come up and hit us in the mouth.  (in the best way)

I am not sure why you seem to paint yourself into a corner in regards to limiting what the various outcomes could be..

We already know that subsequent cycles tend to have various ways to overlay upon earlier cycles, but there are also ways that subsequent cycles can be distinguished and distinguishable from earlier cycles - and not even necessarily falling into a category of a supercycle.  Let's say for example that a lot of us had been getting confused about whether this cycle would look like 2013 or like 2017, but it kind of looks like 2013 because there seems to be two exponential periods rather than one, but then we might say that we end up getting three or four exponential periods. but then whether we get a 70% to 85% correction that lasts a long time might be another one of those stories/claims that we cannot really grapple with until sufficient amount of time actually passes so we can actually see what happened rather than attempting to pinpoint it too much while we are in the midst of it.

So maybe even I am experiencing a certain higher level of anxiety when attempting to extrapolate in a prescriptive rather than descriptive way.. so sooner or later, you guys are just going to cause me to tell you all to fuck off because I don't want to extrapolate too much beyond one leg of our journey and right now it merely just figuring out how this noman's zone is going to play out.. and I give few shits if we top out at $100k or we end up topping out at $1.5 million... for this cycle... 

Don't worry.. I am probably not going to stop attempting to play along with some of these predictive discussions.. even though there is some frustration to attempt to get into too many specifics... beyond one leg at a time (or perhaps two if we consider legs going in two directions rather than just presuming one direction- which is sort of what the noman's land thesis attempt to focus upon).


Quote
proudhon = rich

Maybe no need to speculate any kind of exactness of such stash.. but just go through questions about whether some of those coins were shaken out along the way... nothing like going to the horse's mouth itself to get some confirmations, right?  

Maybe proudhon's sold when he starts posting bear talk. Then maybe he buys back in after he's brought the price down.

Well, yeah, kind of hard to figure out such a puzzle if the guy is posting what would appear to be the opposite of what an actual HODLer would want.
Biodom
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November 09, 2021, 05:11:07 AM

So, as many suspected, our 'bear' might have had a serious stash at some point.
Now all lost in a sad boating accident, rumor says. Right?
All I can say is that the name does not appear random.
Respect.
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November 09, 2021, 06:01:31 AM


Explanation
infofront (OP)
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Shitcoin Minimalist


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November 09, 2021, 06:13:42 AM

wen $69,420?
Wekkel
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yes


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November 09, 2021, 06:18:03 AM

who  cares... @JJG?
nobody

if you think that going from 65 to 650 is the same as going from 65000 to 650000, I beg to differ.
It ain't..that is NOT to say that it cannot, it's just a completely different story.
At 650k, bitcoin is (will be) geopolitical.
Right now, it still looks like a very large cap stock (in size).
At 13.65 trillions (eq to 650K price), it would be large countries "playground".


Well, Geopolitical is where we are going.

Better prepare mentally  Grin
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November 09, 2021, 06:19:03 AM
Last edit: November 09, 2021, 07:08:35 AM by goldkingcoiner

might be completely off, but the reversed fibonacci has worked for me too often to be a coincidence. I see a possible dump back to 51k after we reach 74k before we head for 100k (based on the logarithmic bitcoin chart).

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November 09, 2021, 06:31:53 AM

wen $69,420?

That should break the internet...

+

$70k would be perfect too...!!!

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November 09, 2021, 06:50:30 AM

Feeling salty cause I keep missing the ATHs on bitcoinity. We need to get some sustainable insanity going. Also because I'm about to go to bed and am probably going to miss the chance to post Bill & Ted memes. Don't let me down, chaps.
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November 09, 2021, 06:53:59 AM

 EmbarrassedChopper ?
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November 09, 2021, 07:01:23 AM


Explanation
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November 09, 2021, 07:02:55 AM
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EmbarrassedChopper ?

I'm sure he's on it..

meanwhile lets enjoy this

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November 09, 2021, 07:07:05 AM
Merited by philipma1957 (1), goldkingcoiner (1)

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November 09, 2021, 07:34:04 AM
Merited by vapourminer (2), JayJuanGee (2), LFC_Bitcoin (2), tertius993 (2), philipma1957 (1), JimboToronto (1), xhomerx10 (1), Hueristic (1), jojo69 (1), bitcoinPsycho (1), mole0815 (1), somac. (1), aysg76 (1), bitserve (1), shahzadafzal (1)

chopper time!

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