I know you have all been waiting in anticipation of on update....

[Wind_FURY]

I don’t think the legal debate between Craig Wright will have any effect on BTC price. After all with all the evidence presented, most people know he is not the real Satoshi. I think people are thinking that it’s wise to buy his BSV coin because he will dump all 1.1M BTC on the Bitcoin network which would cause the price to crash.

A bigger issue is the Mt Gox distribution which will happen in 2022 sometime. This might have an effect on price because most likely some people will take profits and sell. At least some of their coins and when the time line is released, many will sell their coins well in advance because they think price will crash.

What Craig Wright, and the Bcash SV holders might actually want to happen is for Bcash SV to surge high in market value. Then because “he is Satoshi”, he can order a Bcash SV hard fork to take all pre-2012 dormant coins under his control.

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[1713531937]

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[sgbett]

Wright vs Bitcoin devs, what happens with Tether and what the SEC decides about whether a coin that has a raise on promise of profit and is pre-mined constitutes a security. ETH clearly, air dropped Bitcoin... maybe.

Can you explain to me how the legal debate between Wright and Bitcoin devs could affect the price of Bitcoin or have the effect of determining the end point of this cycle?
It would be logical not to repeat the same levels of 2017 and therefore it is difficult to break the peaks at 2021, but this does not mean that waiting for two months or more will be ideal.
Personally, I expect a top at $92,000 in February before we reach a 70% correction.

The Wright vs Core devs is likely about whether Bitcoin core has been changed in a way such that it makes old transactions invalid - in particular I am talking about NLocktime and nSequence it could be that as a result of those changes some older coins may be inaccessible.

As part of this case, core devs may be compelled to update the bitcoin core software in order to allow access to these coins.

If that is the case then it directly contradicts the prevailing view that code is law, and demonstrate that Bitcoin is in fact subject to the rule of law.

I think that may have a material effect on price, because many people are invested on the premise that BTC sits outside of law.

I also think it's possible this will have no effect, and I think your prediction of a $92k seems very reasonable too.

[buwaytress]

Horrors. I missed the day you posted. But it's Friday Saturday (I really am losing my mind) and I smelled the fear earlier in a group chat, so with some leftover sentiment I browse this thread and approve of the FUD.

Simple question for me: Until the 1150 retest, which next ATH this year (!) or next would force you to redraw some lines or adjust your positioning for the mid-term? Given that you think $92k is still possible, which price is not?

[pooya87]

The Wright vs Core devs is likely about whether Bitcoin core has been changed in a way such that it makes old transactions invalid - in particular I am talking about ~removed scam website url~NLocktime and nSequence</a> it could be that as a result of those changes some older coins may be inaccessible.

Nothing about locktime or sequence values changed in a way to make any existing outputs unspendable.

As part of this case, core devs may be compelled to update the bitcoin core software in order to allow access to these coins.

Unlike centralized altcoins such as bcashsv, the bitcoin protocol is not owned by anyone to be able to change it. If core devs made any change that we didn't like, they would be forking off to a shitcoin of their own the same way bcashsv forked off to a shitcoin of their own. Meanwhile bitcoin continues as is.

I think that may have a material effect on price, because many people are invested on the premise that BTC sits outside of law.

Back in 2017 some devs were compelled to change the code. We rejected them and bitcoin continued rising while their code became an altcoin. This was repeated more than a hundred times and each time bitcoin didn't care.

P.S. My initial observation seems to have been correct, despite your account age you don't seem to have any understanding of how Bitcoin works.

[Wind_FURY]

Horrors. I missed the day you posted. But it's Friday Saturday (I really am losing my mind) and I smelled the fear earlier in a group chat, so with some leftover sentiment I browse this thread and approve of the FUD.

Simple question for me: Until the 1150 retest, which next ATH this year (!) or next would force you to redraw some lines or adjust your positioning for the mid-term? Given that you think $92k is still possible, which price is not?

A 1,150 RESTEST? DOLLARS? Call me dumbfounded. I knew it was the right decision not to read the bullshit in the OP. Didn’t sgbett and proudhon always claim “Science”? Understandable, flat-Earthers compute simple math differently from regular Earthlings.

[buwaytress]

Simple question for me: Until the 1150 retest, which next ATH this year (!) or next would force you to redraw some lines or adjust your positioning for the mid-term? Given that you think $92k is still possible, which price is not?

A 1,150 RESTEST? DOLLARS? Call me dumbfounded. I knew it was the right decision not to read the bullshit in the OP. Didn’t sgbett and proudhon always claim “Science”? Understandable, flat-Earthers compute simple math differently from regular Earthlings.

I definitely don't think it's possible but it doesn't make me less interested to understand how an unexpected ATH (for them) would work out to their end. He thinks 1150 and 92k are both possible, so it should at least make for some wild theories, which hey, is what we're sometimes here for no?

The science of speculation's pretty special to me heh.

[dezoel]

I would guess that creating bad talks about bitcoin itself is one of the key factors of people who are in love with the bear idea. The "reasons" why it could go down are not even cared for here as well, so it is clear indication that OP has no idea how bitcoin works and how it could be so high.

I get that some people can't comprehend it, I get that many people still imagine it will "die", after all not everyone can be as visionary as people who invest into bitcoin, but the lack of self-awareness is the most funny thing about OP and anyone who agrees with him. If you are talking badly about bitcoin and how low it could become, then you are giving life into it, even when you are saying bad things, OP is literally one of the reasons why it won't be that low.

[adaseb]

I don’t think the legal debate between Craig Wright will have any effect on BTC price. After all with all the evidence presented, most people know he is not the real Satoshi. I think people are thinking that it’s wise to buy his BSV coin because he will dump all 1.1M BTC on the Bitcoin network which would cause the price to crash.

A bigger issue is the Mt Gox distribution which will happen in 2022 sometime. This might have an effect on price because most likely some people will take profits and sell. At least some of their coins and when the time line is released, many will sell their coins well in advance because they think price will crash.

What Craig Wright, and the Bcash SV holders might actually want to happen is for Bcash SV to surge high in market value. Then because “he is Satoshi”, he can order a Bcash SV hard fork to take all pre-2012 dormant coins under his control.

It’s been years since I looked at the BSV protocol however I am pretty sure the way it’s designed is that any dormant coins will just be brought back into the supply and miners will get those coins.

The issue is that if you look at the BSVUSD chart, you will see it has hardly done anything for the past few years. A few scam wicks here and there and that’s about it.

Even if he gets those coins, they will be worth like $100 each and if he starts to sell the coin will tank to like $1.

[Wind_FURY]

I don’t think the legal debate between Craig Wright will have any effect on BTC price. After all with all the evidence presented, most people know he is not the real Satoshi. I think people are thinking that it’s wise to buy his BSV coin because he will dump all 1.1M BTC on the Bitcoin network which would cause the price to crash.

A bigger issue is the Mt Gox distribution which will happen in 2022 sometime. This might have an effect on price because most likely some people will take profits and sell. At least some of their coins and when the time line is released, many will sell their coins well in advance because they think price will crash.

What Craig Wright, and the Bcash SV holders might actually want to happen is for Bcash SV to surge high in market value. Then because “he is Satoshi”, he can order a Bcash SV hard fork to take all pre-2012 dormant coins under his control.

It’s been years since I looked at the BSV protocol however I am pretty sure the way it’s designed is that any dormant coins will just be brought back into the supply and miners will get those coins.

There goes self-sovereignty in the protocol. There goes censorship-resistance, and there goes the developers’ social contract to the community. What are they using POW/blockchain for? Use MySQL database.

The issue is that if you look at the BSVUSD chart, you will see it has hardly done anything for the past few years. A few scam wicks here and there and that’s about it.

Even if he gets those coins, they will be worth like $100 each and if he starts to sell the coin will tank to like $1.

They treat it like other shitcoins. Pump it, then dump.

[STT]

So the graph goes from 2013 to present using an exponential scale to fit it all on.   The main problem is the Dollar of 2021 is not equal to the Dollar of 2013, it doesnt appear to have changed massively in terms of DXY dollar index because all FIAT currencies have attempted to keep pace with the constant devaluation so as to not upset trade balance globally.   However for pricing predictions on this scale you do need to consider Dollar is unlikely ever to regain its value.    In theory you can swap the present Ruble to the old Ruble at a ratio of 10,000 to 1 but most would not ignore such change in value because it failed so massively, Dollar isnt yet failed to the point of being obvious but for any prediction accuracy over time it shouldn't be ignored value fell.
  If we include that dollar value fell maybe some of the pullback targets make more sense.    We saw 28k low with the prior ATH at about 20k, thats about 29% less then the recent low but if we consider 25% of all dollars newly appeared in 2020 that could roughly translate 2021 to the ATH of 2017.   

[darkangelosme]

I would guess that creating bad talks about bitcoin itself is one of the key factors of people who are in love with the bear idea. The "reasons" why it could go down are not even cared for here as well, so it is clear indication that OP has no idea how bitcoin works and how it could be so high.

I get that some people can't comprehend it, I get that many people still imagine it will "die", after all not everyone can be as visionary as people who invest into bitcoin, but the lack of self-awareness is the most funny thing about OP and anyone who agrees with him. If you are talking badly about bitcoin and how low it could become, then you are giving life into it, even when you are saying bad things, OP is literally one of the reasons why it won't be that low.

Definitely dude truly the fudster are the one who wants to be bearish cause they want to invest more in cryptocurrencies that's why they are spreading fake news in any kinds of social media platform. So we must not get believe any bad thing they say to Bitcoin. Only one thing is for sure Bitcoin is increasing year by year.

[Poker Player]

BTC *will* retest ~1150 -

Bullshit.

I don't know how people dare to talk about predictions so vehemently, like lecturing us, as those of us who have been investing for many years know that predictions based on charts and patterns fail constantly.

I was going to ask you how much you want to bet, but of course, the bet has to have a time limit, and then you pull this out of your sleeve:

timeframe is totally unpredictable because it depends on what unfolds in Florida, COPA, Wright vs Bitcoin devs, what happens with Tether and what the SEC decides about whether a coin that has a raise on promise of profit and is pre-mined constitutes a security. ETH clearly, air dropped Bitcoin... maybe.

You don't tell us anything we don't already know.

[Wind_FURY]

BTC *will* retest ~1150 -

Bullshit.

I don't know how people dare to talk about predictions so vehemently, like lecturing us, as those of us who have been investing for many years know that predictions based on charts and patterns fail constantly.

I was going to ask you how much you want to bet, but of course, the bet has to have a time limit, and then you pull this out of your sleeve:

timeframe is totally unpredictable because it depends on what unfolds in Florida, COPA, Wright vs Bitcoin devs, what happens with Tether and what the SEC decides about whether a coin that has a raise on promise of profit and is pre-mined constitutes a security. ETH clearly, air dropped Bitcoin... maybe.

You don't tell us anything we don't already know.

It’s very convenient of him to say “timeframe is totally unpredictable” because he deeply, and truly knows that what he posted is mere bullshit. They will also tell you that they’re playing “4D Chess” to protect them image from their own stupidity. Flat-Earthers.

[ranaprime]

I believe that Bitcoin cannot go back to its previous position. There are more investors in the market now than ever before. Cryptography has increased among people more than before. It is not possible to go back to 2017. Maybe the price decree for certain period of time.

[sgbett]

I don't know how people dare to talk about predictions so vehemently, like lecturing us, as those of us who have been investing for many years know that predictions based on charts and patterns fail constantly.

Date Registered:   August 02, 2020

[Torque]

Hory sheet, sgbett the troll returns.

As if your last laughable price bottom prediction (which failed miserably) wasn't bad enough, now you come back with $1150??

Even proudhon couldn't suggest a bottom like that one and keep a straight face.

My god man, give it up. Go crawl back into your hole. Maybe take up ant farming.

[Chrystora123]

bullshit i see the same pattern as this year, there is no test all the way down there

all prediction are bullshit anyway, so who care

I agree with you, predictions are not accurate, bitcoin will continue to be traded in the market and no one will be able to predict where the bitcoin price will go 100%.  go up or turn bitcoin price I will still hold because I don't really care about analysis and fud..

[adaseb]

Well if you really think its going to go to $1K and you think it will happen sometime in 2022 like in June. Then you can go on Deribit and buy the lowest put they got, which is the $15000 strike put for only $400.

So if on June 24 2022 the price of BTC is $1000, this put will have a value of $14000 at least, most likely higher since it has a premium. So your $400 investment will yield at least $14000. And if you buy 100 of these put options, you will be a multi-millionaire.

[Wind_FURY]

Hory sheet, sgbett the troll returns.

As if your last laughable price bottom prediction (which failed miserably) wasn't bad enough, now you come back with $1150??

Even proudhon couldn't suggest a bottom like that one and keep a straight face.

My god man, give it up. Go crawl back into your hole. Maybe take up ant farming.

He probably sold around the $1,150 price point, and used all the profits to buy Gold and Silver, then Bcash SV. With Craig Wright not keeping his promise that Bcash SV will replace Bitcoin as the Real Bitcoin, sgbett wants to buy back Bitcoin at the same price point he sold.

[sgbett]

Hory sheet, sgbett the troll returns.

As if your last laughable price bottom prediction (which failed miserably) wasn't bad enough, now you come back with $1150??

Even proudhon couldn't suggest a bottom like that one and keep a straight face.

My god man, give it up. Go crawl back into your hole. Maybe take up ant farming.

He probably sold around the $1,150 price point, and used all the profits to buy Gold and Silver, then Bcash SV. With Craig Wright not keeping his promise that Bcash SV will replace Bitcoin as the Real Bitcoin, sgbett wants to buy back Bitcoin at the same price point he sold.

He converted all his BTC to BCH when it split, and then to BSV when it split again. He is 100% in BSV.

He still has 1 share of XBT-Provider (an ETF that tracks BTC price) remaining in his SIPP.

Here are the dates that I bought/sold XBT-Provider over the last few years, I can't complain. You can't buy it anymore due to FCA regs. He does not want to buy BTC at any price.

Code:

Date	Action	Unit cost pence
23/02/2021	Sold	165,312
14/01/2021	Sold	135,073
27/06/2019	Sold	44,275
06/02/2018	Bought	23,041
16/01/2018	Sold	41,629
19/12/2017	Sold	65,922
06/12/2017	Sold	47,404
29/11/2017	Sold	39,388
20/11/2017	Sold	30,906
24/10/2017	Sold	20,555
18/10/2017	Sold	19,407
16/08/2017	Bought	16,239
01/08/2017	Sold	9,988
10/07/2017	Sold	9,281
15/06/2017	Bought	8,739
12/06/2017	Sold	10,550
26/07/2016	Bought	2,496