Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1252.

Ambatman

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Quote from: BitcoinBunny on February 22, 2024, 09:43:22 AM

Snip

2021 just a car? In my country that's a well furnished house
Current Bitcoin can do same but wouldn't be of same standard
Since inflation is eating my country like monkeys to Bananas.

goldkingcoiner

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Quote from: BitcoinBunny on February 22, 2024, 12:59:58 PM

White people no longer exist according to Google's AI "tool".

Oh no, Doc.... We need to change the future before it's too late.

ChartBuddy

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El duderino_

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BTC + Crossfit, living life.

#Few

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ivomm

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All good things to those who wait

Quote from: d_eddie on February 19, 2024, 03:37:51 PM

Quote from: fillippone on February 15, 2024, 05:50:37 PM

Quote from: LFC_Bitcoin on February 14, 2024, 03:51:21 PM

I think it’s maybe a good idea to set yourself a fiat value in sales and then try to hit that, rather than a certain amount of bitcoin you sell. How much fiat do you need to satisfy your needs for the next four years (from end of 2025) until we get ready to do it all again.

So, you are following a different path from JJG, which is primarily focused on the BTC part of the stash.
Of course, the selling is activated by triggering some fiat-denominated values. But I guess it is a consequence, rather than the trigger.
I tend to believe in the case of USD debasement you could sell too early.

Quote from: LFC_Bitcoin on February 14, 2024, 03:51:21 PM

As always, the Wall Observer will be a fun place to see the wild emotions of fellow bitcoin bros.

As always. We are here for this, after all.

I think the 4-year cycles will be more and more subdued as time goes on. Going from 3.125 to 1.5625 isn't like going from 25 to 12.5. Proportional effect isn't applicable IMO: the ratio of "new" to "old" bitcoin does matter, and I believe the effects of halvings will get negligible (close to zero) long before that ratio goes to zero.

I've said this before, long before (and therefore independently from) the ETFs. But the introduction of spot ETFs will, in my scenario, act as an additional stabilizer, leveling out the big halving waves even more than they would have on their own.

At first glance your logic explains the diminishing bull cycles. But in fact it is totally erroneous. The mining reward only indirectly affects the price. The price is not a function of the mining reward. The price is a result of the balance of supply and demand on the spot market. It is so delicate that even a butterfly can tip it on one direction or another. And that butterfly is definitely the mining reward among other complicated news and factors. Here is where you make a mistake - you don't take into account the price at each halving! In 2020 the price was about 9 000$. If for a day approximately 1800 bitcoins were mined, this means that the 9000x1800=16 200 000$ were needed to buy the bitcoins from the miners per day before the 2020 halving. After the halving the sum is reduced in half, i.e. 8 100 000$. Now, the price is around 52000$, so 46 800 000$ are needed daily. And after the halving the sum will be 23 400 000$. So, in the previous halving the market needed 8 100 000$ less to buy the miner bitcoins, and after the next halving it will need 23 400 000$ less. This is nearly 3x bigger number, so the effect on the market will be 3x stronger than in 2020. This doesn't mean that the bull cycle will be a function of this parameter and be 3x bigger. It just means that the role of the halvings on the market won't diminish with time.

Now the percentage of institutions holding bitcoins is rapidly increasing thanks to the spot ETFs. This is the reason why 2 months before the halving the price is at 77% from the ATH. This is far more than at the previous halvings. For example, for nearly a month the combined ETF net inflows are above 100 000BTC which is much more than everybody expected. The OTC desks are literally empty and have to purchase from the spot exchanges each day. And the things will get even better, when Greyscale outflows stop.

OutOfMemory

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Quote from: BitcoinBunny on February 22, 2024, 12:59:58 PM

This AI shite seems to be the biggest bubble since the Dot Com boom, certainly with this amount of nonsense propaganda injected from the go, but whatever....
I wonder if a light bulb will ever go off in Nvidia and Microsoft shareholders that this is merely machine learning and not really AI yet.... Hmmm....

That's what i keep saying if the AI topic comes to the table.
I'm already a long runner in the IT business and yes, "machine learning" is the appropiate term for what is sold as AI to the world.
In fact, all things "thinking" linear instead of networked are non-AI, which is likely aint going to happen before quantum computing.
Just my 2 artificial cents.

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BitcoinBunny

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Far, Far, Far Right Thug

White people no longer exist according to Google's AI "tool".

Google to fix AI picture bot after 'woke' criticism
https://www.bbc.co.uk/news/business-68364690

An Indian billionaire at the helm of Google is still not enough to fix things.

You.white.guy.out.there.are.the.problem.for.everything.and.you.will.pay!!

End.of.

I don't want to hear any rebuttal, or you are wacist!

Quote

The claims picked up speed in right-wing circles in the US, where many big tech platforms are already facing backlash for alleged liberal bias.

That's right, because anyone who has a problem with historic inaccuracies is ultra right winged.
You are so right winged in fact, that you probably have a Zyklon B infused shower at home.
You may as well change your name to Adolf, let's be honest.

----

This AI shite seems to be the biggest bubble since the Dot Com boom, certainly with this amount of nonsense propaganda injected from the go, but whatever....
I wonder if a light bulb will ever go off in Nvidia and Microsoft shareholders that this is merely machine learning and not really AI yet.... Hmmm....

WatChe

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Quote from: fillippone on February 22, 2024, 08:13:04 AM

I would expect a serious analysis of the Bitcoin protocol, highlighting its flaws and deficiencies. A clear and factual explaination why euro is a superior currency, money and store of value.
Not a delusional rant.

TBH both Bitcoin and EU have there own use cases along with pros and cons. We can't compare apple with oranges, same is the case with Bitcoin and ERUO.
This comparison always remind me about this saying, "Don't compare yourself with others if you do so you are insulting yourself.".
Bitcoin is best in its sphere and we don't need its comparison to prove it.

OgNasty

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Tech stocks are rallying pretty hard today after the earnings report from Nvidia surpassed revenue expectations. Usually this sort of rally would bleed into Bitcoin but it hasn’t yet. This is that resistance level I was saying is the last barrier between us and the all time high. The market keeps chipping away at it… Monster rally incoming soon.

Greyhats

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Quote from: Pi-network314159 on February 22, 2024, 03:40:31 AM

for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey. I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan. although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

So something I did about two years ago, was to add my nearly "agressive dca" amount to my emergency fund so that if in the future i had to tap the emergency funds for month to month living I could continue to dca into BTC. Just some food for thought with good planning you dont have to wimpy if you lose your job.

cygan

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Quote from: JimboToronto on February 22, 2024, 11:20:12 AM

Quote from: OutOfMemory on February 22, 2024, 08:01:57 AM

Quote

So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?
Wink

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re: mewn

it just keeps bull flagging.....dont know what to say other than buy dips when possible and continue the hodl
corn is at its ATH in 14 currencies around the World...probably nothing