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

[Gachapin]

World's largest asset manager BlackRock: Bitcoin "is the primary subject of interest from our clients" within crypto.


Source: Bitcoin Magazine.

Probably already mentioned but nice to read about : InvestAnswers Shows How BlackRock-Coinbase Partnership Could Send Bitcoin (BTC) To $773,000

Haha, I'm all for hopium but that number is ridiculous.
Anyway this is how they calculated it.

“If they add 5%, which is what Dan Tapiero says, I think it’s way too aggressive. Maybe over time, maybe in the next three to five years, that could be possible. That would take the price of Bitcoin to $773,000 in the next three to five years pretty easily.”

I absolutely share your feeling 773k being too strong of a hopium.  And I don't believe it.


That being said, going by rationality, it's possible to reach 700k within the next 5 years:
Even if the multiplier of 21x is incorrect, or Blackrock is not allocating 5%, there is still much much more capital waiting worldwide.  

Once humans start to get what Bitcoin is, almost everyone will want/need to have an allocation.
We just don't know when that will happen.  It well could be within the next 5 years.

Many people will probably start to allocate before they fully understand what Bitcoin is, simply because key figures who they follow do.


I think sometimes we might get too accustomed to the fact that so many people around us don't understand Bitcoin yet, and that we are still early.
That might leave us with a feeling that causes us to miscalculate the size of impact, when people finally catch on  ...or to miscalculate how quickly it can happen, once worldwide FOMO begins.  But things can escalate very quickly.

[Gachapin]

Who would donate to that propaganda hell hole? There's back ups from when wikipedia still wrote the truth (or at least tried to).

https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_is_free_content#:~:text=Wikipedia%20is%20free%20content%20that,any%20purpose%20as%20you%20wish

If you think Wiki is free from propaganda, try to go against the views of admins (+ the users hierarchically ranked above them) and learn how quickly you get shut down...
the wiki system is highly corrupted with a group of "voluntary" admins controlling the content..

[sirazimuth]

Who would donate to that propaganda hell hole? There's back ups from when wikipedia still wrote the truth (or at least tried to).

https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_is_free_content#:~:text=Wikipedia%20is%20free%20content%20that,any%20purpose%20as%20you%20wish

If you think Wiki is free from propaganda, try to go against the views of admins (+ the users hierarchically ranked above them) and learn how quickly you get shut down...
the wiki system is highly corrupted with a group of "voluntary" admins controlling the content..

Where did I say “I think Wiki is free from propaganda”?   
That was a link I posted….nothing more nothing less.

[ChartBuddy]

Explanation

[BitcoinBunny]

Another $739 Billion printed out of thin air. This time to supposedly reduce inflation. What a joke.

 

The nonpartisan Congressional Budget Office estimated that the bill would have no statistically significant effect on inflation. A preliminary estimate from the Penn Wharton Budget Model also suggested that the bill would have no statistically significant effect on inflation, with very slight increases until 2024 and decreases thereafter.

https://en.wikipedia.org/wiki/Inflation_Reduction_Act_of_2022


Truly astonishing how these bills get given a name relating to whatever is relevant / whatever crisis is happening and they just ram through a load of horseshit that they and their buddies wanted.

[Gachapin]

Who would donate to that propaganda hell hole? There's back ups from when wikipedia still wrote the truth (or at least tried to).

https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_is_free_content#:~:text=Wikipedia%20is%20free%20content%20that,any%20purpose%20as%20you%20wish

If you think Wiki is free from propaganda, try to go against the views of admins (+ the users hierarchically ranked above them) and learn how quickly you get shut down...
the wiki system is highly corrupted with a group of "voluntary" admins controlling the content..

Where did I say “I think Wiki is free from propaganda”?  
That was a link I posted….nothing more nothing less.

so please share your thought that you wanted to express with that link, when answering @wachtwoord

[Gachapin]

Another $739 Billion printed out of thin air. This time to supposedly reduce inflation. What a joke.

 

These assholes are funny.  I must give them that...

[ChartBuddy]

Explanation

[Hueristic]

I absolutely share your feeling 773k being too strong of a hopium.  And I don't believe it.


That being said, going by rationality, it's possible to reach 700k within the next 5 years:
Even if the multiplier of 21x is incorrect, or Blackrock is not allocating 5%, there is still much much more capital waiting worldwide.  
...

Its like they have blinders or have their heads stuck in the sand, I haven't seen any of these so called experts add in the derivative markets continuously skimming off the market cap.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Ami0]

Ukraine 🇺🇦 and Russia 🇷🇺 are the top 2 countries in bitcoin and crypto ownership worldwide by share of population -

United Nations report.

Source: Bitcoin Magazine

[JayJuanGee]

I saw Ethereum under 100$ in Dec 2018 (I guess).

Image source

What's that thing you refer to as ethereum?

Does it relate to the topic of this thread?  explain.

Ok. Here is something in my defense.
I posted twice. One post is specifically for you, but you ignored that and caught the general one.
Secondly, I got your point of not posting Ethereum or other alts not related to topic of this thread.
Are we settled now?

Of course, we are not settled.  This is not any kind of negotiation.. I express my opinion about your shitty posts.  Sure, every once in a while you post something decent, and sometimes you just post lame-ass basic things an expect that there might be some learning points in there... sure maybe sometimes there are and sometimes there are litttle to no learning points.. and you still have rights to post whatever you like, and I have rights to complain when you are either posting nonsense or some distracting bullshit in regards to shitcoins.. apparently you are still learning, so I will concede that are doing better than some of our other earlier seemingly troll/shiller dweebs, and each person learns at their own pace and maybe demonstrates that they are neither a troll or a shill at a different pace...

And by the way, don't feel as if you are getting picked on merely because you are a newbie in these here parts... because sometimes you will see some pretty long term legendary members saying dumb things about seemingly very basic things - and I am not excluded from that..

Oh by the way, many times longer term members will give you way greater leeway to post about ethereum and/or other shitcoins if you are pointing out how dumb they are and how much of a scam they are and providing some evidence in further support of such claims (even though you don't need very much evidence in order to bash on shitcoins in these here parts so long as it does not appear that you are merely bashing on shitcoins to pander or as a indirect way to attention whore for merits)...

Zoom out bitcoin

https://ibb.co/h1V3mG8

Fair enough.. in terms of substantive (visual information) contained therein... I quoted you...

I expected 42K to be a major resistance but 25K, really? Why nobody is buying? I would sell everything just to buy more at these prices. Is this the top of the recovery? At least the progress is way too slow. May be my expectations for 30K+ by the end of the year were too optimistic and we will grind to hold the bottom 17.5K. Let's hope 25K will fall soon, otherwise...

Patience young grasshopper..

I realize that you are just getting used to the "bullish case for bitcoin"...

perhaps reorienting ur lil selfie in that direction.. .. it can be difficult to snap back into recognizing and appreciating the power of king daddy.. #justsaying.

 

[cAPSLOCK]

You guys ready for the big race of bitcoin ownership?

Who will win?  El Salvador? Plebs? Blackrock? Russia? The Netherlands? Central African Republic? Ukraine?

They have waked up. 

But they are not talking.

Why would you?  At the poker table when you have the nuts...

Hueristic... help me here.

The smartest ones have realized they cant make paper out of it.  That is deadly.  The game has changed.

The dumb ones will still try ... and go broke to the smart ones.

Are you ready?

I don't think so.   Me either really...

[Richy_T]

Remember, Wikipedia doesn't supply content. Its content comes from a worldwide community of "editors" and as such is as vulnerable as any other social media to personal opinions and other bullshit.

I think they're well past "personal opinions" and far into paid botting and astroturfing. But I agree that it's still useful in places. As is reddit.

[Richy_T]

Are we going to see a solid run at 25 tonight?

[Toxic2040]

[cAPSLOCK]

Fuck you you shriveled up--- finished--- piece of shit.

Oh, and congrats on all the success... you will be remembered as a minor player in the final chapter of debt slavery.

Nice mark you made.

[JayJuanGee]

FUN FACT: The Bitcoin network settled over $62 TRILLION worth of BTC in the last 12 months.
Source: Bitcoin Magazine.

I will admit that is a "fun" fact.. and it would be nice to have a link to that too.. especially when newbies are posting nonsubstantive posts and merit whoring in these here parts.. sure your merit whoring can end up being successful, but you should at least try to do a bit more than the bare minimum level of work,

AmInotrite?

Almost 25K yesterday, it was so close !

So close but yet so far.. .

Patience young padawan.

 

You guys ready for the big race of bitcoin ownership?

Who will win?  El Salvador? Plebs? Blackrock? Russia? The Netherlands? Central African Republic? Ukraine?

They have waked up.  

But they are not talking.

Why would you?  At the poker table when you have the nuts...

Hueristic... help me here.

The smartest ones have realized they cant make paper out of it.  That is deadly.  The game has changed.

The dumb ones will still try ... and go broke to the smart ones.

Are you ready?

I don't think so.   Me either really...

Yes.. You make a lot of good points.  This is exactly what bitcoin was built for and surely, it is nice to see some BIGGER players coming to the table - and surely, your list is far from exhaustive, but it illustrates the points of quite disparate views and disparate approaches and even disparate resources.  Sure, some of them could start to cooperate with one another, but they might not perceive it to be in their interest - but still we know that there are some who are creating alliances too.. and even within the alliances, they might not agree to the way forward to accumulate their "physical" cornz.. and even some of the players might end up either dominating the other or getting screwed by the weaker player...

We know also that some of them are going to be playing the "down before up" game (and speculate that they have it in the bag), but I am not going to concede that they are going to be successful in that.. even if we have BIGGER players in 2022 than we had in early 2016.. remember early 2016?.. so many of the then BIGGER players (relatively-speaking) seem to have been thinking that for sure they could keep king daddy below $500 on a nearly infinite timeline.. and we see how that played out for some of those cocky "down before UP" betters.  hahahahaha  We saw those kinds of "down before up" presumptions in this thread too (and other forums for bitcoin discussions).