Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1208. (Read 26623285 times)

Explanation
Chartbuddy thanks talkimg.com

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.

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Explanation
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And its finally ahead .
Lol Bots sure aint fair.


Atleast they die of old age and restrained by their incapabilities

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?

Explanation
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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?

Explanation
Chartbuddy thanks talkimg.com

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

What are you doing, pal/gal?

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

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).