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

[MOB]

Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world? 

That does not even make sense.

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[gentlemand]

Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world?  

In case you didn't know the grand plan is to purchase you by 2027.

[JimboToronto]

Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world? 

No responses?

Am I the only one here who doesn't have you on ignore?

[JayJuanGee]

Breaking news!  Mathecat desperately trying to justify his bad decisions! Read all about it in wall observer.


PS: bye bye mat the train has left the station

He can still grab a cab and race to get on the train at a later train station... NOT as good, but better than sitting at the train station with his bags and mopping.   

[JimboToronto]

Breaking news!  Mathecat desperately trying to justify his bad decisions! Read all about it in wall observer.


PS: bye bye mat the train has left the station

He can still grab a cab and race to get on the train at a later train station... NOT as good, but better than sitting at the train station with his bags and mopping.   

Leave Twitney alone!!!

[adamstgBit]

Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world? 

That does not even make sense.

you didn't factor in aliens

[JayJuanGee]

Quick poll:  Is there anyone here except MatTheCat, Jorge, Igorr who does not consider the log trendline to be indicative of future performance, and the price action of the past month or two to be reversion to the trendline?

Fonzie and Mah?

And maybe RandomPedestrian?

And mervinthepumpkinhead

[Miz4r]

Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world?  

What a silly question. 1 BTC might buy a small house by then in the best case scenario, although I believe BTC price will peak in 2020 already.

[shmadz]

wow

4100 wall on huobi seems to be the only thing holding back the upward apocalypse

it just does not feel like a comfortable place for the market to take a breather right now.

(yeah yeah, I know :feelings: and stuff   )

and btce broke before huobi and things are looking bleak

[JayJuanGee]

Guys, it's simple really.

After months of bear market the trend reversal has come and we are simply going and returning to $1000, slow or fast doesn't matter (we are going up pretty fringgin' fast if you ask me) of course there are corrections, all bear traps. Just don't get shaken out (or ride the waves but be careful not to get left behind).

This is the mid-term trade that you should consider ->long.

If short term we have double tops, inverse cup and handles, head and shoulders with dick and balls, it doesn't matter, it's just a trap to make you look at the short term instead of the mid-long term.

You may be correct that we are NOT going to linger in this sub $1,000 territory for very long, yet my looking at the previous bubbles, it seems that BTC prices never gets stuck at any price point around the previous ATH.  The BTC prices either linger below the previous ATH or it shoots quite a distance passed the previous ATH before returning down to some price point that is quite a bit higher than the previous ATH.  Rinse and repeat... and for how long, who knows?  Maybe at least a few more bubbles? hopefully?  I would like to experience at least one bubble.  Two would be nice, but I would settle with much contentment with experiencing just one bubble of the 5x to 10x range.

[adamstgBit]

[Post-Cosmic]

Wow. Risto sure has charisma.

I can't think of any other poster who garners so much gossip and personal attention.

No wonder he's not lacking in self esteem.

 

Jorge, Goat in his day, BJA when active.  It tends to be pettier with Risto, I think.  He's actually pretty inoffensive, and rather clever, generally a helpful man of good-will and a contributor to the community.  Certainly observing his fate has convinced me to maintain pseudonymity while feasible.  For some reason, although I think less flush than Goat, Risto seems to focus all the jelly.  Perhaps because he started another thread to get away from the nastiness on this one, the nasty types think he's putting on airs.  Amusingly, Goat actually started another forum site to get away from this trash.  The signal/noise ratio there is vastly better.  But it's not an external face of bitcoin, so I see value in posting here, where google is likely to take novices.

+1 on all of that.

Who is BJA?

 This man^  I submit to your attention that this man here has 1000% of my post count, yet does not know who {B}illie {J}oe {A}llen is.

 Oh & btw, the log trend won't hold. Not past 2016-2017.. It'll obviously slow down in short order, in all reasonable common sense as Stolfi implied (if continuous log trend.. what happens then in cir. 2027...), for quite a few good reasons..

 But that doesn't mean in any way whatsoever that buying now, or especially back around 340-500's, was a bad idea, specifically in so far as the log trend expectations are concerned - ~140%-980% per ~year, is still a spectacularly good investment opportunity =/

[seleme]

Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world? 

No responses?

Am I the only one here who doesn't have you on ignore?

One of rare ones for sure.

[JayJuanGee]

Thus, anyone who does not consider the log trendline indicative of probable future pricing is a fringe extremist.

Tell us how you really feel.       

[nanobrain]

I doubt Blake would be a BTC supporter...more 'paradise lost'

[BBmodBB]

Explanation

/\666 = NUMBA OF DA BEA$T!!!!!!! 

[tuneman1980]

Thus, anyone who does not consider the log trendline indicative of probable future pricing is a fringe extremist.

Tell us how you really feel.       

http://www.cryptocoinstats.com/priceforecaster.php

[ChrisML]

Choo Choo?

[JayJuanGee]

Log trendline is the null hypothesis on this joint. Past performance blah blah blah is regurgitated generic pedantic crap. For the first time in human history we have an asset that follows self-reinforcing network effect growth, where the fundamentals themselves mathematically scream logistic function, yet somehow a logarithmic growth curve until saturation is supposed to be controversial? That's preposterous.

Greenlion, I am NOT sufficiently familiar with mathematical terms sufficiently to understand your point.  Are you suggesting that the current models that suggest a 10x annual uptrend until we reach 50% market saturation and then a more leveled growth is too conservative? 

I personally think that BTC should get higher growth rates in the beginning and then taper off ... yet NOT sure about the predictive growth rates exactly.. but 2x to 5X growth rates seem to be more sustainable than ongoing 10x rates... yet I understand why people are predicting 10X growth rates based on networking and exorbitant adoption of the people that comes through networking effects.

[hyphymikey]

Ask depth to 700 is stacking up. The bigger walls the harder they fall.