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

[goldkingcoiner]

Would be nice.  


Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
https://coingape.com/bitcoin-news-bitcoin-to-reach-1-million-in-next-90-days-ex-coinbase-cto-bets-his-net-worth/

What is he basing this off of?



As much as I love Bitcoin, its definitely not going to reach 1 million in just 90 days. Maybe in a few years, sure. But not in 90 days. Those kinds of volatile volumes are a thing of the past when Bitcoin was still in its baby shoes. This is just a publicity gag. They probably have already signed a secret contract...
 

Cmon now....

[Learn Bitcoin]

Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth

Just because Nayib Bukele said, he would start buying 1 Bitcoin every day?
He said that on 16th March November 2022, it started firing in a Rocket Ass.

[Lainta]

https://twitter.com/elonmusk/status/1636979967346061313?t=CLhk52xvO_05lTNYLkTxxw&s=19

[JayJuanGee]

Would be nice.  
Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
https://coingape.com/bitcoin-news-bitcoin-to-reach-1-million-in-next-90-days-ex-coinbase-cto-bets-his-net-worth/

I’m not sure if he’s serious or if this is some way to promote bitcoin for a couple million dollars but I don’t think anybody truly believes that the price is going to take off that much that fast. It would be incredible how much money would be made in the futures market if that did happen but like I said, I don’t think it is possible.

I would frame the matter differently.   I think that getting to $1 million in the next 90 days are so is possible (that would be mid-June-ish), but I doubt that it is very probable, at all.  What would the level of probability be?  I doubt that it is even into the double digit percentages, like 10%, so we are looking at somewhere below 10% and more likely in the less than 1% odds.

Even though I had given around 0.5%-ish odds for $1.5 million or greater in the last cycle, still those are kind of SOMA attempts to put some kind of a number on the matter in order to attempt to account for long-shot scenarios - but still trying to be somewhat realistic in terms of appreciating that sane peeps should not be planning their lives around long-shot scenarios if they actually want to be living, participating and interacting in the real world rather than in lalalandia.

Many of us recognize and appreciate that bitcoinlandia is not lalalandia, even if there are a lot of folks in the real world who actually think that high prices for bitcoin are lalalandia scenarios, and many of those bitcoin skeptics have been shown to be wrong over and over and over again.... and so some of them are actually coming around to bitcoin and actually recognizing it for what it is rather than completely dismissing it, and so the fact that some of those people come around does seem to help to contribute to some of the uppity scenarios to end up playing out.. but it is still difficult to place odds of supra $1million BTC prices in the next 90 days or even in this particular cycle at much higher odds than I had placed them in the last cycle.. even though it does seem that the odds are trickling upwardly, and on a personal level I really hate counting my chickens before they are hatched, so even if the odds are getting greater for $1million and even reaching new ATHs, I hate to even get ahead of myself or even to proclaim that the odds are higher than 50/50 - even though many of us realize and appreciate that we have already gotten richie as fuck by placing ONLY small portions of our cashflow (or our investment portfolios) into bitcoin, and so when BTC prices end up going up 2x, 5x, 20x, 78x or whatever (I know that there was more than 100x in 2013, but I was not really part of that, except for starting to get into bitcoin at the top end of that one).. ... so anyhow, I am kind of describing the nature of an asymmetric bet, which largely means that there is not a need to invest great amounts of value into the upside scenario in order to potentially profit stupendously if the UPside scenario ends up playing out, even if some kind of whimpsical $1million in 90 days ends up playing out, those of us who are already in bitcoin still end up profiting stupendously, even if we were in denial about it being likely.. we are still prepared, just in case because we already have some cornz, we largely hang onto cornz even if the BTC prices are going up and even if we might shave off some cornz on the way up (if the price does end up going up).

We might sound even more like loonies if we proclaim that we are going to eat our dick or some other important parts in the event that we are not correct, and maybe some folks do consider several of us to be loonies, merely because we might have put up to 10% of our investment portfolio (or cashflow) into BTC in the 2013 to 2019 time frame.. but then we might have come to some realizations (largely since 2020) that putting up to 25% of our cashflow and/or our investment portfolio into BTC was not really as risky as a lot of normies were presuming investing into BTC to be - and in that regard, many of us come to realize that so many normies do not appreciate the perspective of what is an asymmetric bet.. it is not like any of us has to engage in any kind of crazy risk taking in order to still be able to profit from the kind of exponential (and/or compounding) performance that might end up playing out in something like an asymmetric bet.. something like the bitcoin opportunity that has been presented to a lot of folks and some folks have more difficulties than others to appreciate how to allocate into it..which largely should be to get the fuck off zero.. so do something rather than just sit around and watch.. and it still is not too late, even though a lot of whiners continue to fail/refuse to take action.. looking at you exphorizon.. you dweeb... hahahahahaha...

Yes.. many of the no coiners are really innocent precoiners. even though they do not realize it... so it is not really fair to criticize them too much.. .. and so we will continue to see that there are ways to act and ways to build your BTC holdings, even if you are not building (or holding a lot of coin), but you are likely to end up better off by getting off of zero and engaging in some kind of actions to accumulate bitcoin rather than just watching to see what happens... and presuming that you are going to be fine, even if you fail/refuse to take a bitcoin position...


right..




right..



rrrrrrrriiiiiiiiiigggggggghhhhttttt?

Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth

Just because Nayib Bukele said, he would start buying 1 Bitcoin every day?
He said that on 16th March, it started firing in a Rocket Ass.

I am pretty sure that it was somewhere around late last year (perhaps in December) that Bukele had stated that El Salvador was going to start to buy 1 BTC per day.. .. so they may well have added close to 100 BTC to their BTC stash since he first said it.

[Gachapin]

https://twitter.com/elonmusk/status/1636979967346061313?t=CLhk52xvO_05lTNYLkTxxw&s=19

they forgot merit farmers

[ChartBuddy]

Explanation

[Hyperjacked]

Would be nice.  


Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
https://coingape.com/bitcoin-news-bitcoin-to-reach-1-million-in-next-90-days-ex-coinbase-cto-bets-his-net-worth/

What is he basing this off of?



As much as I love Bitcoin, its definitely not going to reach 1 million in just 90 days. Maybe in a few years, sure. But not in 90 days. Those kinds of volatile volumes are a thing of the past when Bitcoin was still in its baby shoes. This is just a publicity gag. They probably have already signed a secret contract...
 

Cmon now....

Yeah I agree…the only way I see 1 million in 90 days is a total world wide bank collapse! The USA would do an epic bailout before that happens imo…The banking system is in rough shape and the Domino Bank Debacle (DBD) is just getting started so time will tell…
40-50k$ is more realistic imo

[Biodom]

found another interesting linky in that $1mil btc bet (which I think has very low probability):

https://coingape.com/credit-suisse-ubs-merger-confirmed-ft/

it's all in the string of the link. Wow!

btw, if btc is above 1mil in the next 90 days, it would mean something has gone horribly wrong in the fin system and it died.
bitcoin at $1 mil in, say, 3-5 years would be just fine.

[vapourminer]

SETI@home is in hibernation.
We are no longer distributing tasks. The SETI@home message boards will continue to operate, and we'll continue working on the back-end data analysis. Maybe we'll even find ET!

Thanks to everyone for your support over the years. We encourage you to keep crunching for science.

https://setiathome.berkeley.edu/

seti was my 1st introduction to distributed computing projects back in the day. and look where we are now..

[Biodom]

SETI@home is in hibernation.
We are no longer distributing tasks. The SETI@home message boards will continue to operate, and we'll continue working on the back-end data analysis. Maybe we'll even find ET!

Thanks to everyone for your support over the years. We encourage you to keep crunching for science.

https://setiathome.berkeley.edu/

seti was my 1st introduction to distributed computing projects back in the day. and look where we are now..

mine too, bro.

EDIT: another (much later) was looking at Kepler graphs and try to id a planet-I enjoyed that one (before they developed an advanced automatic search function).

[Hyperjacked]

found another interesting linky in that $1mil btc bet (which I think has very low probability):

https://coingape.com/credit-suisse-ubs-merger-confirmed-ft/

it's all in the string of the link. Wow!

btw, if btc is above 1mil in the next 90 days, it would mean something has gone horribly wrong in the fin system and it died.
bitcoin at $1 mil in, say, 3-5 years would be just fine.

We are on the same page… looks like we might start seeing more banks merge…maybe all of them!

[tisnaislam111]

BREAKING: Microsoft is building a #Bitcoin and crypto wallet into its Edge browser.

It will be non-custodial‼️😳
Source

[vapourminer]

Would be nice. 


Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
https://coingape.com/bitcoin-news-bitcoin-to-reach-1-million-in-next-90-days-ex-coinbase-cto-bets-his-net-worth/

found @poudhon

[Biodom]

found another interesting linky in that $1mil btc bet (which I think has very low probability):

https://coingape.com/credit-suisse-ubs-merger-confirmed-ft/

it's all in the string of the link. Wow!

btw, if btc is above 1mil in the next 90 days, it would mean something has gone horribly wrong in the fin system and it died.
bitcoin at $1 mil in, say, 3-5 years would be just fine.

We are on the same page… looks like we might start seeing more banks merge…maybe all of them!

yea, according to Ackman's (@FuzzyPanda as the original source) retweet rumors, up to 20 regionals were visiting with Warren in Omaha.
Mega-regional bank anyone?

[AlcoHoDL]

Anything above 1 BTC I don't think is affordable.

 

Wasting precious BTC for a car at this period of time is utter madness...

Would be nice. 

Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
https://coingape.com/bitcoin-news-bitcoin-to-reach-1-million-in-next-90-days-ex-coinbase-cto-bets-his-net-worth/

This is even more hilarious than the late McAfee's bet of eating his dick on TV (didn't survive to do it), and makes buying cars with BTC at these prices even more absurd.

[philipma1957]

Would be nice.  


Bitcoin To Reach $1 Million In Next 90 Days? Ex-Coinbase CTO Bets His Net Worth
https://coingape.com/bitcoin-news-bitcoin-to-reach-1-million-in-next-90-days-ex-coinbase-cto-bets-his-net-worth/

What is he basing this off of?



As much as I love Bitcoin, its definitely not going to reach 1 million in just 90 days. Maybe in a few years, sure. But not in 90 days. Those kinds of volatile volumes are a thing of the past when Bitcoin was still in its baby shoes. This is just a publicity gag. They probably have already signed a secret contract...
 

Cmon now....

Yeah I agree…the only way I see 1 million in 90 days is a total world wide bank collapse! The USA would do an epic bailout before that happens imo…The banking system is in rough shape and the Domino Bank Debacle (DBD) is just getting started so time will tell…
40-50k$ is more realistic imo

If we go way up 🆙 in the next ninety days we will pass 100k easy peasy. No so sure we simply dump in next 30 days.

Frankly if we go to 100k in may JJG will be right and I won’t be ready for uppity.

[ChartBuddy]

Explanation

[JayJuanGee]

Frankly if we go to 100k in may JJG will be right and I won’t be ready for uppity.

I believe that it is NOT very likely that we would be going up that fast.. but surely, you never really know.

Personally, I have my thoughts that it would be difficult to just go into "no man's land" without having some kind of a correction first, and I expect that "no man's land" is currently somewhere in the $55k to $92k price territory.. and sure perhaps the starting point for no man's territory could be a bit higher than $55k  - yet my point is that it seems that there are pretty decent odds for some kind of a decently and meaningful and perhaps somewhat time-consuming correction prior to getting into noman's land.

I hate for you not to be prepared.. and to be fucking around with various non-btc thingie-ma-jiggies... .. .. and yeah, of course, you have your reasons....

On the other hand, it may well be possible that we are just describing our various numbers including what is needed to be "prepared" differently, because if you have an investment portfolio that has a decent quantity in BTC.. even in the supra 25% levels (and you had already asserted that your BTC constitutes more than 60%, and I surely have my doubts given some of the other nonsense that you had been spouting), but whatever, various portfolio distributions (allocations) that are in the 25% plus territory should be sufficiently good for BTC prices to go up.. why does anyone need to have more?

On a personal level, I did suggest that my own BTC allocation is also more than 60% in BTC, which I had already admitted and outlined in the historical changes in allocations chart at the bottom of my June 2022 post, and surely each of us would be determining the extent to which we might be prepared for various changes in asset valuations (including the valuation of dee cornz compared with other assets that we might hold) based on aspects of our own history in terms of how we might have gotten to any allocation that we are "playing" and perhaps how much we might be tweaking around our various assets held in our investment portfolio rather than mostly just taking some positions and mostly just letting our positions and our approaches ride (perhaps within some kind of a systematic way of dealing with relative changes in values that might happen from time to time.. if we believe that the relative changes in values need to be addressed by some kind of change in our practices in some kind of an action-oriented way?  which I tend to limit the amount of my involvement.. but hey?  maybe I am doing this wrong?  hahahahaha).

[Bitcoin_people]

#Bitcoin up

[Hueristic]

A major lawsuit against the nonprofit Internet Archive threatens the future of all libraries. Big publishers are suing to cut off libraries’ ownership and control of digital books, opening new paths for censorship. Oral arguments are on March 20.

Big Media’s lobbyists have been running a smear campaign trying to paint the Internet Archive as a greedy big tech operation bent on stealing books—which is totally absurd. If you’ve ever used the WayBack Machine, listened to their wonderful archives of live music, or checked out one of their 37 million texts, it’s time to speak up. On March 20, everyone is showing their support for the Internet Archive during oral arguments.

How you can support:

    Click on any of the images below to download and set as a temporary profile picture.
    Post about why you love the Internet Archive and give them a tag. Whether you run a website or blog, tweet or toot, share with your community why this institution is important to you.
    Because this suit is about the rights of all libraries to own digital books, share a picture of your local library. Snap a shot of yourself in front of your local library, or just a picture of the building, and post it with the hashtag #DigitalRightsForLibraries — bonus points if you make a protest sign!

Sign This Petition
https://www.battleforlibraries.com/


Here’s how to participate in Monday’s oral arguments

Here’s how you can participate in the proceedings:

    At 1pm ET, listen to the oral argument. This hearing is happening via telephone. You can join via 1-888-363-4749, with access code 8140049.
    During the proceedings, watch the live blog hosted by Library Futures: https://controlleddigitallending.org/hachette-v-ia-liveblog While oral arguments are happening, library and copyright experts Michelle Wu, Kyle K. Courtney, and Dave Hansen will be providing running commentary on the proceedings.
    Immediately after the proceedings, join a live discussion with Michelle Wu, Kyle K. Courtney, and Dave Hansen. Register at https://forms.gle/ATuwmiNDNPUBovZm9

https://blog.archive.org/2023/03/17/heres-how-to-participate-in-mondays-oral-arguments/