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

[ChartBuddy]

Explanation

[1715257512]

1715257512

[philipma1957]

100 dollar bills printing video

https://www.youtube.com/watch?v=HV7vxfk__Uw

I'll be damned, it DOES go Brrrrrrrrrrrrrrrrrrrrrrrrrr

Go figure.

yep it was on NBC news that part at about 15 seconds. Gave me a real smile 

[Lucius]

Crypto analyst PlanB insists that the price of bitcoin (BTC) will hit $98,000 by the end of November, even as markets fall sharply.

If you've read the article, then it's pretty clear that he's not insisting on, but trying to explain that the $98k price by the end of this month is based on what he calls a "floor model.". The S2F model predicts an average price of $100k in this cycle.

I'm not sure how reliable your source is, but somehow it seems to me that bananas and crypto news don't go very well together

In a tweet, however, PlanB explains that he uses three different models and the $98,000 target for November was not based on the stock-to-flow model. Instead, it is premised on what he calls the “floor model”, which relies on price and on-chain data.

“If, for example, $98K November floor model predictions fails, that does not mean stock-to-flow fails,” he insisted. PlanB clarified that the S2F for the current bitcoin cycle would be an average of $100,000, and on account of this, it may be difficult to know exactly at what price the model could be invalidated.

[ChartBuddy]

Explanation

[tertius993]

Crypto analyst PlanB insists that the price of bitcoin (BTC) will hit $98,000 by the end of November, even as markets fall sharply.

If you've read the article, then it's pretty clear that he's not insisting on, but trying to explain that the $98k price by the end of this month is based on what he calls a "floor model.". The S2F model predicts an average price of $100k in this cycle.

I'm not sure how reliable your source is, but somehow it seems to me that bananas and crypto news don't go very well together

In a tweet, however, PlanB explains that he uses three different models and the $98,000 target for November was not based on the stock-to-flow model. Instead, it is premised on what he calls the “floor model”, which relies on price and on-chain data.

“If, for example, $98K November floor model predictions fails, that does not mean stock-to-flow fails,” he insisted. PlanB clarified that the S2F for the current bitcoin cycle would be an average of $100,000, and on account of this, it may be difficult to know exactly at what price the model could be invalidated.

I'm particularly amused by the description of the floor model as relying on price and on-chain data.. err, so that would be just the same as the S2F model uses then ... sorry but the S2F model does seem to encourage constant obfuscation.

[DaRude]

...

"It's not precisely the same so it's completely different". And your "It's your fault for making us force you to take the vaccine" (implied by your 'you can always change your vaccine status' to avoid government persecution) is despicable from someone with your username. But that's not the first time.

Slippery Slope

Slippery slope is a fallacy in purely academic debate. Turns out it's actually manifestly observable in real life. It can be avoided, perhaps, but you have to take notice and turn things around. It's not a fallacy to call slippery slope when you're on a slope and slipping. A straw man, on the other hand, means you are failing to engage with your opponent's actual position which leads nowhere useful.

And people wonder how the Germans let it happen...

(Sorry Lightfoot, I was willing to let it drop but these are too egregious to let slide).

In purely academic debate is it?
During a global pandemic a country tries to increase vaccination rate of its citizens by stepping on some liberties, next they'll be gassing all non aryans?
A cop asks for my papers while i operate a vehicle, ergo Nazi state?

Now, I fall into a camp of vaccinated but feel uneasy about how govs are going about the vaccinations, but lets not fool ourselves, comparing that to Nazism is a text book example of a slippery slope. If you're still confused, any comparison to Hitler/Nazis short of mass extermination of a certain group of people, is a slippery slope argument.

[Torque]

I'm particularly amused by the description of the floor model as relying on price and on-chain data.. err, so that would be just the same as the S2F model uses then ... sorry but the S2F model does seem to encourage constant obfuscation.

Highlighting the logical fallacy:

A bunch of wealthy investors gathered in a room, all looking at the S2F model, then asking each other: "So when are all you other wealthy investors going to raise the bitcoin price to $98k/btc by November? The S2F chart says that you have to, so when exactly? I need to know before I buy!"  

[Hueristic]

Guys, Am I invisible today? Just attention-seeking.

Yes... you are a bit annoying, and hopefully, you will be able to grow the fuck up at some point.. sooner rather than later would be better, but many of us realize and appreciate that growing up takes time and cannot be rushed, even if we have some expectations and hopes in regards to someone like you who may well need grandma to come down and to shut off your computer for a while... but yeah, maybe even grandma lost control of the situation...

Well, I am not going to argue with you. I believe you are a typing Bot. Who doesn't have any sense (?). The Typing Bot uses the Internet resources to write their shit.

Are you afraid? Just because I am here for almost 18 hours a day? I believe you are afraid of me, at the same point you could lose your position to me in this forum? My grandma is not alive anymore, so, you could send your's so she can shut down my PC.
I believe she cannot shut down my PC since I am not under 18 anymore.

Thanks to @cAPSLOCK, He is the real guy and he knows what to do with whom?

Authorities from multiple countries believed that Bahrun Naim was killed fighting the
Syrian army in Abu Hammam, Syria in November 2017. Nonetheless, he continued to operate discreetly, building social media platforms to disseminate propaganda,
recruiting handlers, and create bots to spread computer-generated content to large audiences.

Do you believe I am That Naim?
Well, If you think so, I would like to introduce you to The JJG. One & Only Fastest Typing Bot Created by Naim. I know he loves to write shit. You can check his post. All of them are bigger than a news report.

It has a sense of humor. I do not control it anymore. Since I lost my control of the JJG Bot, I am here to introduce myself so that you guys can know who was the creator and who was the BOSS.

I don't usually engage bots but for the audience I will point out that I was the first person to allude to JJG's bot patterns which has spiraled since and if whoever is running this thing had bothered to do any research of this thread at all they would know that.

[AlcoHoDL]

I wouldn't mind if Bitcoin reaches $100k within 2022 instead of 2021.

What I would not like is another ice-cold Bitcoin winter, like 2018-2020. I'd still HoDL, but it would get pretty boring. $100k is, for me, a level when I'd slowly start spending "tiny" amounts for pleasure and dreams-come-true stuff. But not before it reaches $100k. It's just a psychological threshold for me. It used to be $50k, but I've decided to double up for safety, so that I have a 100% safety margin.

Plan B's S2F model is nice, and I hope corn price follows it, but nothing is guaranteed when it comes to King Daddy. Predicting what will happen, based on any model, is of no use to me, as I won't be buying or selling anything based on such info. So I just sit back, relax, and wait it out.

2021? 2022? It's a when, not an if, and that's what matters.

[naim027]

I wouldn't mind if Bitcoin reaches $100k within 2022 instead of 2021.

What I would not like is another ice-cold Bitcoin winter, like 2018-2020. I'd still HoDL, but it would get pretty boring. $100k is, for me, a level when I'd slowly start spending "tiny" amounts for pleasure and dreams-come-true stuff. But not before it reaches $100k. It's just a psychological threshold for me. It used to be $50k, but I've decided to double up for safety, so that I have a 100% safety margin.

Plan B's S2F model is nice, and I hope corn price follows it, but nothing is guaranteed when it comes to King Daddy. Predicting what will happen, based on any model, is of no use to me, as I won't be buying or selling anything based on such info. So I just sit back, relax, and wait it out.

2021? 2022? It's a when, not an if, and that's what matters.

So the Best Solution is HODL

[BobLawblaw]

Well, that's a bit personal question, but I am 29.

I'm practically convinced most humans are functionally retarded until at least age 42.

Even then, 99% of people that make it to age 42 are fucking retarded, so, humanity is kinda screwed either way...

I don't feel sorry for those hooligan scum getting beaten by the police.

Remember tho, some of those hooligan scum are the good guys.

I recognize the cognitive disconnect with that statement.

[Paashaas]

https://twitter.com/VailshireCap/status/1462056478487973894

[Paashaas]

I don't feel sorry for those hooligan scum getting beaten by the police.

Remember tho, some of those hooligan scum are the good guys.

I recognize the cognitive disconnect with that statement.

It started as a peaceful protest with common people but those rioters abused the situation to start fighting the police, Rotterdam hooligans are well known for that.

[HI-TEC99]

https://twitter.com/VailshireCap/status/1462056478487973894

Does this mean you don't have to eat cat food?

[ChartBuddy]

Explanation

[Paashaas]

https://twitter.com/VailshireCap/status/1462056478487973894

Does this mean you don't have to eat cat food?

No cat food for me.

[goldkingcoiner]

https://twitter.com/VailshireCap/status/1462056478487973894

Does this mean you don't have to eat cat food?

No cat food for me.

Pet food is just human food from the parts that don't appeal as delicious/high quality to humans and is considered low quality. The manufacturers grind it all up and repackage it as "pet food". The retailers jack up prices and market it as healthier for pets. The truth is: its cheaper and healthier if you just feed them regular food that you eat too.

Just make sure you dont give them food that they shouldn't eat. (chocolate, grapes, onions, garlic, salt/seasonings...)

Pet food is a marketing scam.

[bitcoinPsycho]

The ants have returned

[BobLawblaw]

Rotterdam hooligans are well known for that.

I will defer, of course, to your local knowledge.

I'm just tired of broad swaths being painted, when there may be genuine political dissent reaching a boiling point, vs pure hooliganism for the sake of hooliganism.

If it were up to me, I would gather all the eurohools together, give them all knives, and drop them on an unpopulated island in the middle of the Pacific Ocean.

Basically the equivalent of the BLM/Antifa looters on this side of the pond.

[AlcoHoDL]

https://twitter.com/VailshireCap/status/1462056478487973894

Does this mean you don't have to eat cat food?

No cat food for me.

Pet food is just human food from the parts that don't appeal as delicious/high quality to humans and is considered low quality. The manufacturers grind it all up and repackage it as "pet food". The retailers jack up prices and market it as healthier for pets. The truth is: its cheaper and healthier if you just feed them regular food that you eat too.

Just make sure you dont give them food that they shouldn't eat. (chocolate, grapes, onions, garlic, salt/seasonings...)

Pet food is a marketing scam.

My late father was a truck driver, he owned one of those really large SCANIA trucks. I remember when I was a kid, he told me a funny story. He was travelling abroad with a couple of fellow drivers. So one night they went to the local supermarket to buy some canned food to eat. The food tasted really delicious, and they commented that this country had some really tasty canned food. When they collected the empty cans and remaining stuff to throw away, one of them noticed that the food was in fact dog food. They didn't spot it when they bought it from the supermarket! Nothing happened to them. They didn't buy it again though. When he came back he spoke normally, he didn't bark or anything.