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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1475. (Read 26720642 times)

legendary
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Well, apparently things for this December are looking very good, and that is something sensational, I think things are starting to look very good, my goal is for Bitcoin to reach $50k, even the enemies of Bitcoin themselves are recognizing it :


It is funny, and even a bit ironic how selective someone like Peter Schiff is when it comes to his assessment of bitcoin as compared with Gold and as compared with the dollar, and sure, technically, Peter is correct that BTC still needs to go up right around 60% more from here just to get back to its ATH prices.

Nonetheless, there's no way that he should be considering gold to be a better investment than bitcoin, and there are so many ways that any of could measure bitcoin's performance compared with gold's performance in order to both show bitcoin as superior to gold but also superior in terms of moneyness. 

Ok.  likely we can admit that there are a lot of people who don't really know what bitcoin is, even though Peter really should know by now what bitcoin is, yet there is still likely going to persist a certain amount of variance in regards to how many hours should it take for anyone to become knowledgable enough to recognize and appreciate that bitcoin is better than gold, and maybe we can have sympathies because even people who have been in bitcoin for a very long time, realize that bitcoin is better than gold, but it took them a whole fucking lot of time to figure that out, but there are probably not too many people who actually realize that bitcoin is somewhere between 100x to 10,000x better than gold.. I am actually in the 1,000x camp, but I had heard that there is some recent Fidelity assessment that bitcoin is 10,000x better than gold.. but I don't have a reference link for that because I cannot remember where I saw it.. .. but that is a new and emerging view that is taking the assessment further than 1,000x better into the 10,000x realm.
sr. member
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Well, apparently things for this December are looking very good, and that is something sensational, I think things are starting to look very good, my goal is for Bitcoin to reach $50k, even the enemies of Bitcoin themselves are recognizing it :



Quote

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Gold reaching record highs is more significant than Bitcoin’s performance, says Peter Schiff, emphasizing the precious metal’s recent rally and contrasting it with the cryptocurrency’s challenges.

What Happened: Renowned economist and cryptocurrency critic Peter Schiff pointed out on X, formerly Twitter, that gold trading above $2,100 for the first time ever is far more noteworthy than Bitcoin trading above $40K. He highlighted that gold has entered uncharted territory while Bitcoin still needs to rally over 60% to reach a new high. Schiff stated, “Gold has completely broken out.”

Schiff noted that gold was in a “fast market” in the same thread.

In another tweet, Schiff also opines, “If gold is this strong with the U.S. dollar flat, imagine how much more it will rise if the dollar starts to fall. The fact that the dollar is not rising with increased geopolitical tension doesn’t bode well for the dollar and is very bullish for gold.”

Why It Matters: At the time of publishing, Bitcoin traded at $40,653.72, having risen nearly 2.9% over a period of 24 hours. The apex cryptocurrency has gained 8.3% over the week and shot up 145.34% since the year began.

Gold prices hit all-time highs on Friday after confidence among traders rose that the Federal Reserve is done with interest rate hikes following comments by Chair Jerome Powell, according to a Reuters report.

Gold COMEX February 2024 futures were seen up 1.1% at $2,113, while spot gold was trading higher by 0.8% at $2,087.79 at the time of publishing.

Source: https://www.benzinga.com/markets/cryptocurrency/23/12/36062517/peter-schiff-unimpressed-by-bitcoins-40k-move-says-gold-has-completely-broken-out?utm_campaign=partner_feed&utm_source=cryptopanic.com&utm_medium=partner_feed&utm_content=site

and at Coindesk things don't take long to wait:


Quote
The move comes days after gold futures reached a record high $2,087 after Federal Reserve chairman Jerome Powell said interest rates are now well into restrictive territory.

"The market is increasingly expecting a rate cut in the coming year and investors are increasingly bullish on the outlook of Bitcoin ETF applications by some of the biggest names in asset management," wrote Lucy Hu, Senior Analyst, Metalpha, in a note. "This is an official statement of a bull run and the price could see more upticks in the coming weeks."

Powell’s comments played into the narrative that the tightening cycle has peaked, pushing bond yields lower.

“Crypto, on the other hand, has been moving nicely higher, along with Gold, on the back of lower yields,” crypto data provider Amberdata said in a newsletter Sunday.

Original Source: https://www.coindesk.com/markets/2023/12/03/bitcoin-breaks-40k-for-first-time-in-18-months-amid-broader-crypto-market-rise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

I say that this year bitcoin can reach $50k, we are doing well, very well.
legendary
Activity: 2380
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Explanation
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legendary
Activity: 4382
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'The right to privacy matters'
Looks like BTC is going to see $41000 today. 2023 peak price has come up. I think we'll see $45k+ by 2023.
What do you think guys?

my 2 predictions were dec 1 42k       and on dec 3 we are over 40.5k

and                         Jan 1   48k      so if we do 46.5k on Jan 3 I will be happy
member
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Looks like BTC is going to see $41000 today. 2023 peak price has come up. I think we'll see $45k+ by 2023.
What do you think guys?
legendary
Activity: 2380
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Explanation
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legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
Cool. Have Sunday dinner and watch some NFL and miss the much-awaited passing of $40k.

Another game in about half an hour. $41k after the game?

no 42k big candle

btw you like kc or gb

I am stuck with my Jets

they lost again
legendary
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Explanation
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legendary
Activity: 4242
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You're never too old to think young.
Cool. Have Sunday dinner and watch some NFL and miss the much-awaited passing of $40k.

Another game in about half an hour. $41k after the game?
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
my thread is so close
Bitcoin wants to comply with
my fortytwo k guess





read number below

https://bitcointalksearch.org/topic/back-in-2015-we-had-a-nice-pre-12-ing-streak-5472517

if I am right 48k is going to come late this month.

sold 0.01 btc for 400.20 after fees
legendary
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Explanation
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donator
Activity: 4760
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How many more charts until we break $40K? Looking like it may only be one or two more… The market is knocking on the door of $40K and there’s only a matter of time before resistance breaks and we’re dancing on a 4. If this entire next 18 months is this much fun, I don’t know what I’ll do with myself. Let’s go $40,000!

DONE!

Wen $41k?  Cry

I imagine there will be some selling at $40K since it’s a nice big round number, so we may see a pause here before moving forward. However, I see no reason why the pace of this rally would slow once the initial shock of hitting $40K has passed. I wouldn’t be surprised if after a pause of a few days we saw it resume it’s $1,000 per week climb to end the year around $43-$44K.
legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'

Explanation
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There ya go. Thanx Buddy.

(phil beat me, what a surprise.)

well me and buddy do have a competition you know.

he is getting closer to catching me.

Likely btc buddy and me could all be at 44k soon.🔜
legendary
Activity: 3388
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born once atheist

Explanation
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There ya go. Thanx Buddy.

(phil beat me, what a surprise.)
legendary
Activity: 1932
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Self made HODLER ✓
legendary
Activity: 4382
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'The right to privacy matters'
legendary
Activity: 3808
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legendary
Activity: 2380
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Explanation
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legendary
Activity: 3808
Merit: 7912
[edited out]
..... you came back at the right time; things are about to get very interesting.

"Things" are going to get more interesting than they already have been?  #Asking for an enemy

 By interesting, I more of the happy, WO, bitcoin-related, rocket, helicopter, train, etc... posts per hyper-critical, insecure troll posts.  You know, more fun and less drama.  
legendary
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