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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Learn Bitcoin]

The dude is on a trip

First correct exact answer of the place holding these seats for me to sit on

Merit worthy

Ladurée
Covent Garden Market
London

I guess it's solved now 

[aesma]

There are a lot of BIG actors that are likely hesitating to come into bitcoin, including governments, and can you really imagine that some of the bigger wallstreet players to really be coming into bitcoin, because if they did come into bitcoin with anything higher than a 10% allocation, there is no way that they would not end up moving the BTC prices to the upside in very substantial ways.  With our BTC price movements so far, we hardly see any kind of meaningful entrances into BTC, and I am not going to agree to witnessing any meaningful wallstreet entrances into BTC (in spite of what they are saying) unless we end up seeing BTC prices in the $1million territory.. perhaps in this cycle? 

Otherwise if we are not seeing BTC prices in the $1 million territory, they are not likely meaningfully getting into dee cornz.. in spite of their "talking it up."  And, by the way, $1million is LESS THAN a 15x price appreciation from our already existing ATH... so does not seem to be much if any kind of meaningful stretch of the imagination to consider that bitcoin should fairly easily be able to reach $1million territory in this cycle.. but I still would not give it high odds of happening, even though they are not small odds either.. maybe in the ballpark of 10%-ish to see BTC price in and around (perhaps not breaching) $1 million in this cycle.. so within the next 3 years or so?

Isn't it a bit of a chicken and egg situation ?

Maybe you should explain your chicken and egg theory?

Because surely, it seems quite likely that bitcoin is going to get to $1 million, but it is just a matter of when...and who fucking cares whether the fat cats get into BTC with their ETF or whatever.. even though it seems that the FAT cats are going to put upwards pressures on the BTC price, even if they might also want to manipulate the BTC price down, but I doubt that bitcoin is as manipulatable to the down side as they hope it might be (or that they can make it into. in their wet little dreams).

It was possible for bitcoin to get to $1 million in the last cycle too.  On December 16, 2021, I had put the odds at around 2%.. and I did not exactly say anything exactly about $1 million, but if we add up the values of all of my odds that I had attempted to outline for above $800k, we can add that up to 2.5%, but of course, we have to also attempt to figure out the timeline, as well, so surely bitcoin continue to have decently good odds of going UP, until about April or May 2022, it became pretty clear that UP was going to be "on pause" for a while... so then if $1million did not happen last cycle, and it is possible to happen in the upcoming cycle, and likely the odds are not going to be any lower for this upcoming cycle than it was for last cycle, and then if we are looking for 2-5 cycles out, then it seems even higher that $1million happens, so it is not easy to figure out both price and time, and for any of us longer time bitcoiners to profit stupendously from bitcoin, I doubt that we need $1 million to play out in order for our own lil selfies to be completely profitable (if we are not already at a state of real profitable, so higher prices, largely just remains as extra icing on the cake for some of us longer term bitcoiners).

$1million might happen and then correct back down, or $1 million might not quite happen and then correct back down, and/or the bitcoin price might just keep going past $1 million, which seems to be a lesser likely scenario.  I am not going to claim to know what is going to happen, but even with my blabbering on about the topic, I am still not quite understanding it as a chicken and egg situation... so you might have to flesh that one out a bit in terms of how that would apply to this particular question of if $1 million and/or when. 

By the way, whether the FAT cats join bitcoin or not, who cares?  there are a lot of reasons that bitcoin prices could go up whether we have an ETF or not, even though a bitcoin backed spot ETF has to be bullish in regards to the bitcoin price, especially if they don't want to end up getting fucked by not having bitcoin.. so they have to back their shit with bitcoin.. I don't see how they can get away with it, even if they love creating paper asset classes, but I doubt that bitcoin is going to be "as friendly" to paper version of it, as compared to other assets, since bitcoin is way easier to take into possession, and those people who have entered into contracts that prohibit (or restrict) their abilities to take immediate possession are likely going to be the ones getting fucked (rug pulled) not the bitcoiners who actually hold their own private keys.

By chicken or egg I mean this : you're saying fat cats allocating significantly to BTC would cause the price to surge to 1 million. But you're also saying they're waiting to see such a price to allocate significantly. So it's a bit of a contradiction.

I agree that aside from a few exception, no "fat cat" has significantly allocated, or the price would be higher. Now, what will lead them to change, I don't know.

What I know is that just as I'm not 100% comfortable being "all in" in BTC, and thus I'm not, I wouldn't feel comfortable being all out.

I'm not personally interested in the ETF but I think it might make a difference for such people, because of the way they do their investing.

[AlcoHoDL]

Will you vote for Joe Biden now? #bitcoin.

Source.

No.
F.ck Joe Biden
F.ck every Politician
F.ck Micheal Saylor
F.ck Adam Back (wow, did I really write this?)

Bitcoin doesn't need heroes or leaders.
Bitcoin is intergenerational wealth thermodynamically secured by mathematics.

You LOVE Michael Saylor! 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[EmpoEX]

Hard disagree here with you psycodad because when you look at the halving in USD terms it is substantial:



Assuming the price of the next halving is at 30k as in the table above, that is a decrease of 13.5 million USD value daily. That is big, and far bigger than in the past. The halving effect will continue to be a big deal IMO.

As some other members already posted, This halving event is the most monitored and speculated halving.
We have to wait another 280 days for the rest information. Note that 280 days is enough to see Bitcoin over $50K or more.

[Out of mind]

The dude is on a trip

First correct exact answer of the place holding these seats for me to sit on

Merit worthy

Ladurée
Covent Garden Market
London

Yes..100% u right..!!
You have found the right place.
This is the place
I see Google map
1 The Mkt, London WC2E 8RA, United Kingdom

[El duderino_]

The dude is on a trip

First correct exact answer of the place holding these seats for me to sit on

Merit worthy

Ladurée
Covent Garden Market
London

Exactly Sir

[El duderino_]

Which table ?? 

[FinePoine0]

The dude is on a trip

First correct exact answer of the place holding these seats for me to sit on

Merit worthy

Ladurée
Covent Garden Market
London

Which table ??  

middle  point table

Along the line of sunlight....

[Out of mind]

Which table ??  

If this is the table, then I am correct? It's right Sir??


_{Photo Google map}

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

The dude is on a trip

First correct exact answer of the place holding these seats for me to sit on

Merit worthy

Ladurée
Covent Garden Market
London

Well done. Tip my hat to you. I was looking for Rome…

[BitcoinBunny]

I should have known, I'm in Covent Garden every few weeks.

 

If you like musicals and Back to the future: see the show around the corner.

Lion King is good too.

[hisslyness]

Which table ??  

I was tempted to call the restaurant and order you a "Macarons Gift Box". Wasn't too sure if you were still there...

In case anyone wanted to know, the chairs gave it away.. not the paved road....

[HelliumZ]

Which table ?? 

[bitcoinPsycho]

Which table ??  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinPak]

Which table ?? 

I hope it is the Last Corner of the table very respectable and beautiful personality of great man El duderino_ by mentioned that place with a lovely heart  ❤️
It's such a beautiful place I like it

[El duderino_]

Which table ??  

If this is the table, then I am correct? It's right Sir??


_{Photo Google map}

Wrong but close

There where only seats under the parasol’s