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

[modrobert]

To paraphrase that long winded AI blah blah blah ....  <big yawn>

......idk

We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.

I think it's more about AI taking jobs. E.g. when programmers happily claim their productivity increase significantly using AI as an aid during development, what you have to worry about then is when management realize they can lay off big parts of the workforce (it's already happening).

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[True Myth]

Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

[Biodom]

Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

What are you doing, pal/gal?

EDIT: satirical pseudo 'nazis' from "Starship troopers" are not really inspiring, though.

[modrobert]

Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

Welcome to reality, it's worse than dystopian fiction.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[True Myth]

Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

What are you doing, pal/gal?

Regular weekly buys of BTC.
Avoiding shitcoins.
Shit posting.

*Edit*
In all reality I think she went public on raising her projection from previously $1M to $1.5M for the extra publicity of her new ETF product.  Timing is rather funny don't you think?

Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval
ARK Invest's CEO previously predicted the price would reach $1 million by 2030.

https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cathie Wood = super bull or just ensuring that her new product gets some advertisment?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

What are you doing, pal/gal?

EDIT: satirical pseudo 'nazis' from "Starship troopers" are not really inspiring, though.

Now that I think of it, I did feel like they were some kind of space 'nazis'. Does that mean the bugs are the representation of the jews? Is the producer a secret nazi? How deep does this Starship Trooper rabbit hole go?

[Ambatman]

buddy is closing in on 44,444

btc is allowing you a shot to buy some.

And its finally ahead .
Lol Bots sure aint fair.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Atleast they die of old age and restrained by their incapabilities

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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Credit to ChartBuddy

[JayJuanGee]

Cathy Wood says..btc could be at 1.5mil by 2030 (https://www.youtube.com/watch?v=K5NB8MHe3Nw), which is almost 40X in 7 years.
This assumes that btc growth rate in the next 7 years would be roughly the same as in the last 7 (as bitcoin is roughly 40X from 7 years ago).
All by itself, it is EXACTLY what means that the asset is in an exponential growth phase (and not log-log).

Personally, I feel that chances for this, without rampaging inflation, are maybe 20-30%, but I favor a much smaller number, maybe 500-600K by 2030 (that would still mean 42-47% average yearly ROI, which is at least 3X that of Nasdaq).

O.k.  I will bite.

The actual number from the 200-week moving average is that in November 2016 it was $389 and in November 2023, it was $29,049 - which is about a 75x increase over the last 7 years not a 40x.

As far as the future 200-WMA, my chart shows $146,825 for November 2030, which is about a 5x increase over the next 7 years.  

Both you and I have agreed that my future numbers from that chart seem to be fairly conservative, but I personally am not willing to adjust them up.

And, by the way, I don't know how any of us can be or should be relying upon spot price in order to make predictions.  Yeah, sure we want to know what the BTC spot price is going to do, but the BTC spot price has tended to be all over the place, and whether we rely upon the 20-week moving average (6 months-ish), or 50-week moving average(1 year-ish), 100-week moving average (2 years-ish) or the 200-week moving average (4 years-ish), the more weeks (or the longer the timeframe) the more accurate it is likely to be in terms of weeding out a lot of the noisy and short-term spikey movements.

Another thing is that historically the BTC price has mostly been above the 200-week moving average, and sometimes BTC spot price has gone up 15x higher than the 200-week moving average (such as in 2017); however in 2021, it had only gone up around 4.5x higher than the 200-WMA.... so maybe in the end, we are saying similar things (you can quickly look up the difference between BTC spot price and the 200-WMA for any particular date in the last 13 years (back to mid-2010) on this site.)

Edited: added link to look up the difference between BTC spot price and the 200-week moving average.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

To paraphrase that long winded AI blah blah blah ....  

......idk

or you are fucked humans  and just don’t know it yet.

I would guess that is whats 🆙

It's all in ChatGPT's twinkle emoticon, if you'd ask me...
I wouln't believe that we might pass over important decision to an AI if we (humans) would be really intelligent.
Probably the dumbest thing a species could do.

To paraphrase that long winded AI blah blah blah ....  <big yawn>

......idk

We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.

Sounds salty, cynical. On the other hand, it's true. Average Joe didn't grasp that democracy means responsibility for ALL, not only for himself.

[AlcoHoDL]

We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ambatman]

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

Its not fully unknown
We have watched terminator.

The need to advance especially in respect in making AI as human as possible scares me
Human with their evolution are still  flawed.

[OutOfMemory]

We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.

While the highlighted sentences above are true, the dangers of an advanced AI becoming sentient and taking control are unknown and should be expected to be orders of magnitude greater.

We do need to be worried about it!

I'm still thinking after (human made or initiated) developments we didn't worry about in the first place and did not cause us huge problems afterwards.
You're free to participate, i couldn't remember any, yet.  

[DirtyKeyboard]

To all the workers out there scared of AI,
imagine how fiat currencies fear BTC?

Bitcoin is the Public's currency!
Public Enemy - Rebel Without A Pause

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com