Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13122. (Read 26607090 times)

SOON!!

But 20k per coin won't do it or even @ 6k?  Hmmm..... Sounds like you won't be cashing out at 50 either when it arrives. But very good for you sir if you have enough to retire!

I hope they splinter off into hundreds of such shitcoin forks, each one with their own little circle jerk of hubris and nonsense.

Death by a 1000 cuts.

quite the non-sequitur
anyway, not sure about that volume and their fees are less than that for the most part https://www.bitfinex.com/fees

Bitfinex exchange makes average volumes of about $ 15-20 billion a month, which for 3 months make about $ 50 billion; with a commission of 0.2% per transaction makes exactly $ 100 million

These 100 million are the profits of Bitfinex for the 2nd quarter 

Very high short position at the moment. +1000 dollar rally coming soon.

Is your last name Bear lol?
1. 810k 25%
2. 5%
3. 2%
4. Going up fast 10%
5. Dipping 58%

 I took the liberty of scaling in Bitcoin.

The problem here is that BCH has(may be had, I haven't been keeping tabs on BCH for months.) at least two mining farms that are not signaling who they are. Many assumed that the mystery mining farms were Bitmain. However, with the way Craig Wright has been tweeting, I am beginning to suspect one if not both may be controlled by nchain. (He could be full of it too.) This is going to be a PITA for many casual BCH holders if the powers that be cannot agree. The difference between this fork and the original fork off of BTC is that there is likely to be no replay protection. Many BCH people are mistakingly looking forward to the split because they will get more free coinz. Hope they know how to split up their coins properly, when there is no reply protection. I know that I certainly don't know how to properly split my coins, even with reply protection. Thank God that my BCH holdings are basically dust.

Bitcoin in Dec 2021 (more than 18 mo after halving) would be...

1. At peak (similar to 2013 and 2017)? 100k? 160K?
2. Coming off earlier blowoff peak in 2019-2020?
3. Being stuck in the doldrums, albeit with a higher price of 8K-10k?

IMHO, probabilities (from scenario 1-3) are 40%, 30%, 30%.

Your opinion?

The other fork is FaketoshiCash then, or Fakecash for convenience 

I propose:
abcASH

do the exact opposite of what CNBC reckons and guess what happens?

https://www.tradingview.com/chart/WPRBTC/X5WuyDQn-CNBC-Bitcoin-Indicator-is-pointing-to-a-massive-rally-soon/

$26.5 trillion in offshore money...

when Bitcoin is much easier than dealing with all of that

Everyone knows it's a 95% chance of rejection. That's why shorts is at an all-time high.  And a likelihood that it does nothing to the price (being already priced in).

And then short sellers have to buy in order to close their positions, leading to a short squeeze rally.

https://informationisbeautiful.net/visualizations/trillions-what-is-a-trillion-dollars/ for a bigger picture


not sure about some of these figures, but basically

Meh, I think what is going on as of late is that traders are BTFD, when there is one down to $63xx and lower and then scalping it for modest gains of 2%-4%. Apparently, with the "invisible walls," some big fish is probably implementing this strategy. Could even blame it on Spoofy's new strategy, (if you believe in Spoofy.)

Thats a good explanation of why it'll never goto 50,000 then really.   In dollar terms, maybe USD does so horribly we can see that number but in value terms the only need for 50k is via the actual utility of BTC being so high that people are willing to hold it overnight and then you have a billion doing so the price is raised inadvertently.
 
Real estate is very likely more productive for most people and many dont have much spare cash so why is the price going to 50k in that scenario.   Money is more useful in transit but long term you'd need a good reason to push it that high I think.

BTC is depressed right now because US Dollar strength is apparent.  Its nonsense of course but all this tariff and Iran sanctions and so on gives the appearance of strong dollar.   So in terms of running a constant deficit and juggling 20tn of debt this does not work out for the FED or US treasury, it is unlikely to continue as a long term dynamic.    Almost completely obvious is that inflation is always going to be above interest rates, so allowing the reduction of debt in real terms and that means weak dollar.   The free market naturally searches for an alternative to a common standard unable to hold its value, if that wasnt true we'd be in 3 figures still.  Many consider strong dollar a possibility when market consensus turns opposite it should then be far less harsh an environment overall



Torque is right, governments main purpose is to be better then the negative scenario it replaces.   By itself government is not productive, its not part of growth, theres no profit and its literally a tax upon the economy and people its sitting on.    Main thing we can hope for is governance of the military which no other entity can control except this idea of democracy and the benefit of having everyone situated like this is they accept the title of public servant and when told immediately step down which avoids the problem any country with a strong military normally has.
  Really all government does is in its distribution of power and avoidance of harm, otherwise they operate poorly and with great cost compared to any normal competitive consideration.

We need competitive capitalism and we dont have it, we got forced pricing in interest rates and politics instead of business.  For now most of that politics is related to democracy but I dont suppose we always get that. That story is pretty much the biggest global issue I can think of ongoing every year maybe for the rest of my life until it falls over.   Even if crypto disappeared and was found to be of no use, we'd still be stuck with that problem of a failed currency system with countries occasionally reverting to near barter economies and suffering great losses in growth and efficiency.