Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13671. (Read 26714886 times)

Sucks we still have to deal with Gox after 4+ years, yup.

Plus there's the whole Finex + Tether bubble that may blow up in our face.

No shortage of FUD...

the mt. gox trustee has 1.4 billion $$ of BTC to move ..probably by the end of the year...(assuming the trustees get paid a % for their efforts)

thus it is gonna be more than 'weird' in the next year IMHO

A 'perfect storm of FUD'

so yeah, the price could easily go to 3k or below and stay there for more than a year if/when adoption catches up and mt. gox liquidation happens

sucks

That was driven by the catastrophic Gox debacle. I don’t think (I hope not) it will play out that bad again.

that's when world will go mad lol.

The only way to make money in the future will be to already have some and speculate. No more normal jobs lol. Just pure speculation that will plague the world haha.

after 2 years $ 1 000 000 will be

From that perspective, totally possible too. I like it.

at the end of the year BTC $100 000 will be

i just wanted someone to post nice three bottoms pictures but i agree with your prediction. After 2013 correction, there was a last run up before the great depression

3k can take months/years to come

So, we have a short rally to 10k, followed by a year(s) long bear market with prices in the 3k range?

Is this what you meant?

triple bottom zone, please post accordingly

Bingo!  Thanks for pointing out it's the same crooks lying to us now as before Trump ever got into office.

The Federal Reserve also knows as they increase the interest rate, it makes the US dollar and treasuries more attractive than the FIAT and treasuries of other countries.  Especially, if those other countries have a lower interest rate.  Some are even in negative interest rates.

Many of those countries also pay off their debts in dollars.  If their currency becomes less valuable against the dollar, it requires them to use more of their own currency to buy dollars to pay off debts.  This in turn increases the stress on their economy because of having to use more of their tax receipts to service debts owed in US dollars; and thereby making their FIAT (currency) less attractive; resulting in dump against the dollar.

Of course, their are many more things to discuss and/or take into account in regards to "stressed" economies and/or financial systems.  We're definitely in a currency war and crypto is caught up in the middle of it.  At least crypto will be caught up in the middle of it soon in countries still controlled by the Central Banking System.

Below, is a great video by Andreas Antonopoulus in regards to crypto and currency wars:  

"Andreas Antonopoulos - Currency Wars and Bitcoin's Neutrality" - https://www.youtube.com/watch?v=6ZCVQHtD2l4&t=1973s

This recent dump has something to do with the upcoming interest rate hikes from FED.

The main question here is;

Is the US strong enough to carry anything above %2-2.5?

We all know they were lying in 2008. That's why they had to go from %5 to %0.25. And what makes us think they aren't lying now? The same crooks were in charge of money back then, as they are now.

The whole system has collapsed in 2008. They tried to get away with 1 big sacrifice *Lehmann Bros * in exchange for another 10 years of extension time in this scam system. It has expired.

I think you need to focus your frustration on the Central Banking System and/or the Federal Reserve System.

A seemingly repetitive theme, rosewater.

Which of the scared ones is you?

Hashrate can not be significant increased with old machinery. New equipment is expensive and miners must be confided to make nice profit in times to come.

My worst fears have come true. Wild ride, man

https://i.imgur.com/YyTprtV.png

Double Bottom.  Analysis here.

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-13th-june-2018.html

When you have 100K saved, you still need to work. Going down to 10K doesn't change that fact.

OTOH, 10M is a safe retirement range. Dropping to 1M means ya gotta go back to work. At least 'round these parts. Big change.

Mid January will be the lowest price then it will gradually build up to the next halving. It will be epic like no other.

I know someone who won 200k and was back in a work a week or so later.   Its not much in consideration of lifetime bills.    Going down to 10k means you really dont have anything so your room to flip it back up is limited, you have to be paying those bills asap which means little time for anything exotic.

On the other hand going to 1 mill still leaves alot of options.  Some might say this even is not alot in that lifetime perspective and sure maybe but it leaves enough leeway to swing your fortunes back up again.  You can in theory trim down your costs and possibly get a plan together in whatever your expertise is and get back to the 10mil level perhaps.  You got a shot and the space to do so.  

10k on the other hand is going to require some magic and almost zero costs not to be burning it very quickly.  Your back in rat race for sure, on the treadmill.   Seems a bigger relative loss to me.   Buffet said he can double the first million far more easily then he can progress that later 10 mil into double again or the larger sizes.   After a certain point your footprint is too big I guess, I think a 1 mil float is the sweet spot maybe people at that level go up and back down alot.



Heres a short term test, the previous floor as a ceiling.   There should be bigger levels then just this super focused view.    People appear to think the price should go down but seems too simple to me, anytime people expect it or are consigned to that possibility the market usually defys expectations.     Still looking for a bigger test upwards to try and fail first.  Seems a bit drab and just too tired a move to go big.

Is the surprise to the upside and the china positive news more then just a rumour.   Possible I just dont know the weight of probability