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

[ChartBuddy]

Explanation

[ubg]

BuT iNfLaTiOn Is OnLy 6%....

Ikea hoists prices by up to 50% and blames COVID
https://uk.yahoo.com/finance/news/ikea-hoists-prices-blames-covid-172811789.html

If Ikea furniture is up 50% then bitcoin should do atleast 5000% jump. I see no reason why it shouldn't.

[fillippone]

I've been playing around with a good way to visualise this, and this is the best I have come up with so far, each band shows the percentage of the total supply issued in each epoch
 

The most powerful way to think is how much time to generate a bitcoin:
Genesis was 50 bitcoins every 10 minutes, or 1 bitcoin every 12 seconds.
Now we are at 6.25 bitcoins every 10 minutes, or 1 bitcoin every 1 minute and 36 seconds.
...
In epoch 18 it will be 1 bitcoin every 18 days.

Here is the full diagram:




Something I discussed here:
Equivalent Network Time

[sirazimuth]

..... then bitcoin should do atleast 5000% jump. I see no reason why it shouldn't.

Depending on the timeline, it already has.... and then some.

[marcus_of_augustus]

We’re 2 years in now & it still spreads like wild fire. It’s clear masks do very little by now.
People will be on their 4th jabs soon but we still have restrictions. I’ve been done with this bull shit for a long time now.

Do I have to roll out a post about babies not wearing diapers and shitting all over a nursery? Because I could....

Let's keep the CoVID shit-posts in other threads and off the WO please.

... go fuck yourself, now you want to shut down discussion of the psy-op known as CoVID? ... after bleating about masks, compliance and vax mandates?

... it's all falling apart now that CoVID caught a cold and all the statist apologists "don't want to talk about it now" ??

[sirazimuth]

... go fuck yourself,

Hi marcus.. nice to see you. Happy festivus...

[marcus_of_augustus]

... interesting that end of year close 2021 is looking to be around 75% up on 2020 close

... 200WMA has been steadfast on 75% yoy gains since a long time now, i.e. the secular bull for bitcoin adoption demand is around 75% annual increases

... 4 year halvening cycle supply shocks are coming to an end as percentage halvening decreases to below 2% annual inflation rates ... and increased market liquidity, speculators, traders, futures and derivatives markets smooth out the crazy 4 year bull run excesses and profit instead on shorter term fluctuations

... looking forward to 75% yoy gains ... 7x (350k) in 4 years, end 2025? 700k in 2029?

... well i really messed this up, thanks for the merits but you guys can't do math for shit either (shouldn't post high on christmas spirits)

... 75% yoy is (1.75)^X where X is years

... 9.4x (470k) end 2025, 4.4m end 2029?

... maintaining 75% yoy gains for the next 10 years would be nothing other than the S-curve supercyle of adoption demand, ending with mostly all global monetary reserves in bitcoin, in today, $100 trillion

[somac.]

Price is looking kind of shit, funding rates are bouncing around negative so there is definitely some short interest in the market. I imagine that tax time and holiday liquidity is playing a part, hopefully first/second week of January things pick up for us again. A nice short squeeze would be good.

[marcus_of_augustus]

Since you didn't bother to mention what country you were referring to I will do the same.
(see how easy it is to manipulate with graphs and numbers).

Changed my mind, my graph is for Sweden, I assume yours is for the UK since that's where LFC lives.

Kudos for keeping the deaths low. Unfortunately, 1500 Americans are dying from it every day.

... you need to unpack that "dying from CoVID" statistic quite a bit to get to the truth of the matter

... first there is the "dying WITH" versus "dying FROM" all-too-convenient distinction that somehow got lost early in the 'pandemic' and has not been rectified as yet

... then there is typical mortality versus age curve that needs subtracting out to arrive at an honest accounting for an excess deaths dying FROM CoVID

... and then to gain some perspective you would need to compare that much-reduced figure to fatalities for a similar respiratory virus, like the seasonal flu variant that circulates every season, during a non-COVID year with all the interventions, societal meddling and economy-destroying fuckery

[d_eddie]

Some HODLing motivation quotes from our old friend:



 

Back to bitcoin or have I missed anything?

[cAPSLOCK]

One little topical hopium salve for today?

OK!  Knock knock dead on the line...  



Not looking great...

[Rockbox1]

I have not cast many  pearls really, because people do not listen to you, and it's a waste of time. 

yup, same experience here, waste of time.
Any thoughts on why?

guessing: friends with a history of poor judgement and short term thinking suddenly change their habits for "magic internet money"
 
Maybe Bitcoin and Marilyn are best unmentioned unless friends pass the marshmallow test?
https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment

[ChartBuddy]

Explanation

[sirazimuth]

snipped covid crap stuff

https://bitcointalk.org/index.php?topic=178336.msg58852490#msg58852490

Thanx Bob
.....

Definition of a two fisted drinker....
When one cracks another cold beer, because the last tinny, (half done), was placed in a stupid location and lost track of,
and then subsequently, it is discovered while drinking the fresh one....

GO BITCOIN  

[Hueristic]

The.Book.of.Boba.Fett straight up retarded beyond description and literally stole storyiine from John Carter Warlord of Mars.

[Biodom]

Since you didn't bother to mention what country you were referring to I will do the same.
(see how easy it is to manipulate with graphs and numbers).

Changed my mind, my graph is for Sweden, I assume yours is for the UK since that's where LFC lives.

Kudos for keeping the deaths low. Unfortunately, 1500 Americans are dying from it every day.

... you need to unpack that "dying from CoVID" statistic quite a bit to get to the truth of the matter

... first there is the "dying WITH" versus "dying FROM" all-too-convenient distinction that somehow got lost early in the 'pandemic' and has not been rectified as yet

... then there is typical mortality versus age curve that needs subtracting out to arrive at an honest accounting for an excess deaths dying FROM CoVID

... and then to gain some perspective you would need to compare that much-reduced figure to fatalities for a similar respiratory virus, like the seasonal flu variant that circulates every season, during a non-COVID year with all the interventions, societal meddling and economy-destroying fuckery

...i suggest to post where EVERYBODY agreed to post about this topic.

[sirazimuth]

...i suggest to post where EVERYBODY agreed to post about this topic.

https://bitcointalk.org/index.php?topic=5362774.msg58042350#msg58042350

[Hueristic]

"Don't Look Up" - look it up on Netflix, best movie since Idiocracy IMO. Made well enough so that anyone can think "nah, I'm not that stupid, this is about all those other people". Bitcoin gets honorable mention too.

https://www.netflix.com/title/81252357

Thanks for the recommendation, a sad but very possible ending to this race.
___shared on I2P for those that need it...Dont Look Up (2021) [1080p] [WEBRip] [5.1] [YTS.MX]___

Definition of a two fisted drinker....
When one cracks another cold beer, because the last tinny, (half done), was placed in a stupid location and lost track of,
and then subsequently, it is discovered while drinking the fresh one....

Yup like about 2 inches behind your peripheral view.

[sirazimuth]

.....

Yup like about 2 inches behind your peripheral view.

Exactly! lmao

[ChartBuddy]

Explanation