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

[ChartBuddy]

Explanation
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[1714571952]

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[1714571952]

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[1714571952]

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[shahzadafzal]

^^^
Adding to AlcoHoDL‘s discussion

It’s not only us discussing $1M BTC this dude also thinks BTC can be  > $750K by 2026


https://x.com/bitcoinmagazine/status/1709886903338549499?s=46

[BobLawblaw]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DireWolfM14]

i think its more a "when will the dollar collapse to $1M per BTC" question

As soon as the Democrats steal the next election.

[ChartBuddy]

Explanation
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[adultcrypto]

i think its more a "when will the dollar collapse to $1M per BTC" question

As soon as the Democrats steal the next election.

You think that's enough for a Bitcoin equal to $1m ? Well, I don't know the correlation, maybe a weakened dollar will be a stronger Bitcoin. It is actually possible that investors might look the way of Bitcoin as a hedge against the dollar.

[coolcoinz]

Love how credible these guys are and it takes just a minute to verify them, so I'll leave this here:

"co-founder and chief executive of crypto exchange BitMEX who had projected that the price of bitcoin would skyrocket to US$50,000 in 2018."
https://www.ccn.com/top-5-worst-bitcoin-price-predictions-of-2018/

Also, in September of 2020 Hayes predicted that YFI (at 40k at that time) could reach $100k. A month after his prediction it was already below 30k and now going for only 5k. If you bought that when Hayes talked about it, you'd go bankrupt

[JayJuanGee]

i think its more a "when will the dollar collapse to $1M per BTC" question

As soon as the Democrats steal the next election.

You think that's enough to a Bitcoin equal to $1m ? Well, I don't know the correlation, maybe a weekend dollar will be a stronger Bitcoin. It is actually possible that investors might look the way of Bitcoin as a hedge against the dollar.

Even though a weakening dollar may well end up contributing to bitcoin getting to $1million faster, it seems safer to be making predictions in terms of today's dollars, and yeah, it ends up screwing up some of your later predictions, so for example, if the dollar is normally cut in half every 10 years, but such cutting in half is accelerated, then it may well ONLY be worth 10-20% of its current value in 10 years, so an evaluation of $1 million is only worth $100k to $200k in today's dollars.. .. which is more bullish for the BTC price, but we should still be careful in terms of determining how we are thinking about  reaching our own entry-level fuck you status.., and how much BTC and/or anything else that we might need to be invested into based on such calculation attempts..

Love how credible these guys are and it takes just a minute to verify them, so I'll leave this here:

"co-founder and chief executive of crypto exchange BitMEX who had projected that the price of bitcoin would skyrocket to US$50,000 in 2018."
https://www.ccn.com/top-5-worst-bitcoin-price-predictions-of-2018/
Also, in September of 2020 Hayes predicted that YFI (at 40k at that time) could reach $100k. A month after his prediction it was already below 30k and now going for only 5k. If you bought that when Hayes talked about it, you'd go bankrupt

Bitcoin was not $40k in September 2020... maybe in September 2021.

Hopefully no one is going bancrupt from being bullish on bitcoin, especially since bitcoin is more of a longer term play rather than something that you fuck around in the short term... so anyone dollar cost averaging into bitcoin for the last 3 years, since September 2020, may be right around break even prices, but it should be a better position to be to have had been dollar cost averaging into bitcoin rather than not getting into it or just starting out right now...

So far in bitcoin, time in the market has tended to pay off better than attempting to time the market, so surely that means that the longer that you have been in bitcoin, then the more likely that you are in a better place than if you had not gotten into bitcoin.

You have been registered on the forum since April 2015 coolcoinz.. so if you had been buying $100 per week worth of bitcoin you would have invested $44,200 and you would currently have around 29 BTC... so hopefully whatever you have been doing in the past 8.5 years in regards to bitcoin or not has been able to at least match those kinds of levels of returns.

[OutOfMemory]

Memento?
Really great movie, most likely in my top 10 (if i had a toplist).
I would never have thought that i will end up like the protagonist.
OK, it's really not the same magnitude of memory loss, but i can quite feel the main character.

[adultcrypto]

i think its more a "when will the dollar collapse to $1M per BTC" question

As soon as the Democrats steal the next election.

You think that's enough to a Bitcoin equal to $1m ? Well, I don't know the correlation, maybe a weekend dollar will be a stronger Bitcoin. It is actually possible that investors might look the way of Bitcoin as a hedge against the dollar.

Even though a weakening dollar may well end up contributing to bitcoin getting to $1million faster, it seems safer to be making predictions in terms of today's dollars, and yeah, it ends up screwing up some of your later predictions, so for example, if the dollar is normally cut in half every 10 years, but such cutting in half is accelerated, then it may well ONLY be worth 10-20% of its current value in 10 years, so an evaluation of $1 million is only worth $100k to $200k in today's dollars.. .. which is more bullish for the BTC price, but we should still be careful in terms of determining how we are thinking about  reaching our own entry-level fuck you status.., and how much BTC and/or anything else that we might need to be invested into based on such calculation attempts..

Happy you understood my point with the numerous typo errors which I have now corrected. One thing that is certain is that the dollar will always have inflation to contend with and that is to the advantage of Bitcoin. 
Personally, I have not been able to place an exact future price on Bitcoin as I feel that is somehow unnecessary. Rather I work with the mindset that Bitcoin will continue to appreciate in value over a time range like couple of years... this alone is enough motivation for me to buy and hold.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

i think its more a "when will the dollar collapse to $1M per BTC" question

As soon as the Democrats steal the next election.

You think that's enough to a Bitcoin equal to $1m ? Well, I don't know the correlation, maybe a weekend dollar will be a stronger Bitcoin. It is actually possible that investors might look the way of Bitcoin as a hedge against the dollar.

Even though a weakening dollar may well end up contributing to bitcoin getting to $1million faster, it seems safer to be making predictions in terms of today's dollars, and yeah, it ends up screwing up some of your later predictions, so for example, if the dollar is normally cut in half every 10 years, but such cutting in half is accelerated, then it may well ONLY be worth 10-20% of its current value in 10 years, so an evaluation of $1 million is only worth $100k to $200k in today's dollars.. .. which is more bullish for the BTC price, but we should still be careful in terms of determining how we are thinking about  reaching our own entry-level fuck you status.., and how much BTC and/or anything else that we might need to be invested into based on such calculation attempts..

Happy you understood my point with the numerous typo errors which I have now corrected. One thing that is certain is that the dollar will always have inflation to contend with and that is to the advantage of Bitcoin. 
Personally, I have not been able to place an exact future price on Bitcoin as I feel that is somehow unnecessary. Rather I work with the mindset that Bitcoin will continue to appreciate in value over a time range like couple of years... this alone is enough motivation for me to buy and hold.

So part of the question for anyone investing into bitcoin as compared with placing their value (their discretionary income) in some other place, is that they have to determine the extent to which bitcoin may well out perform some other assets, or at least to be reasonably competitive in terms of where to put my value over the period of time that I want to try to preserve (and perhaps grow) such value.

Maybe we just need to be directionally correct, and surely some people do not even have a whole lot of options.. maybe they only have dollars and cash, and sure they can get involved in shitcoins because those do not seem to have many barriers to entry, but it does not mean that it is a good idea merely because it is available as an option.

It seems to me that one of the better things is just to think in terms of yourself in terms of how much you are willing, ready and able to allocate to bitcoin, and then build that over time, and hopefully your investment will end up giving you more options in the future as compared to other options that you might have had available to you... and surely it is not necessarily an all or nothing play and surely along the way you could make withdrawals of some of the value that you had put into bitcoin, but you still might want to consider how much to withdraw and what are your purposes in withdrawing in terms of if you believe that you have built a large enough stash in order to transition into a stage in which you feel that you are able to start withdrawing some of it from time to time.

You surely do not need to cross the future bridge in the present, since you are going to have to see how it plays out, and at the same time,  it does not hurt to consider various possible outcomes in order to be able to be prepared to cross certain bridges when the time comes, even if you might currently be in more of an accumulation stage rather than a later maintenance stage and then an even later liquidation stage... and surely there are transitions between those three stages that are not going to be the same for everyone who builds up his/her bitcoin portfolio in order to have the options in the first place.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Love how credible these guys are and it takes just a minute to verify them, so I'll leave this here:

"co-founder and chief executive of crypto exchange BitMEX who had projected that the price of bitcoin would skyrocket to US$50,000 in 2018."
https://www.ccn.com/top-5-worst-bitcoin-price-predictions-of-2018/

Also, in September of 2020 Hayes predicted that YFI (at 40k at that time) could reach $100k. A month after his prediction it was already below 30k and now going for only 5k. If you bought that when Hayes talked about it, you'd go bankrupt

In May 15 2018, @AH predicts 50000, EOY 3729, prediction divisor 13.41; now @AH predicts 750-1000K by 2026.
Applying "Hays correction" 1000000/13.41 gets us 74.58K.
A bit "whimpy", haha.

[JayJuanGee]

A bit "whimpy", haha.

You are not going to get away with trying to point fingers to peeps who are even more whimpy, if such a thing is even possible.

[danadc]

Please guys, don't get carried away by the fud, here is a good analysis:

3 reasons why Bitcoin is struggling to rally above $28.5K

It’s worth noting that the decrease in trading volumes may be attributed to major U.S.-based trading firms, such as Jane Street Group and Jump Trading, distancing themselves from the cryptocurrency markets ahead of May 2023. Bloomberg reported that the primary reason for this shift was “heightened regulatory scrutiny,” which rendered the market less appealing to institutional investors.

Source: https://cointelegraph.com/news/3-reasons-why-bitcoin-struggles-to-rally-above-29k


There is a reading that I want to share, it is the opinion of someone who likes how he sees the market's approach:

“There appears to have been significant buying flows, possibly driven by the start of a new accounting quarter, and the resulting moves were exacerbated by scarce week-end liquidity,” said Caroline Mauron, co-founder of digital-asset derivatives liquidity provider OrBit Markets in Singapore.

The rally is expected to continue in October, typically a positive month for crypto markets, with $30,000 seen as the next major resistance level for Bitcoin, she said.

Read more at:
https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-advances-to-6-week-high-as-new-quarter-sees-inflows/articleshow/104102651.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Source: https://economictimes.indiatimes.com/markets/cryptocurrency/bitcoin-advances-to-6-week-high-as-new-quarter-sees-inflows/articleshow/104102651.cms

It may indicate that the trend is going to rise, I had said here that Bitcoin could rise to 30k, there is no need to distrust or be such a non-believer, it will rise.

Other perspectives are giving this:

Bitcoin largely has defied the selloff in stocks and other risk assets this week as global bond yields hit multiyear highs. Bullish traders are hoping October can live up to its historic record as a good month for the cryptocurrency,

“We consider that the end of the US Federal Reserve’s current tightening cycle is around the corner, which is at least limiting crypto’s downside from current levels,” wrote Manuel Villegas, an analyst at Julius Baer.

Source: https://www.barrons.com/articles/bitcoin-crypto-markets-today-dc325890

I think this is going to go up, Bitcoin can go up and we are on the verge of it happening, it is time for some to buy.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

Far over the misty mountains cold
To dungeons deep and caverns old
We must away, ere break of day
To claim our long-forgotten gold

[Stavri]