Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3399. (Read 26713928 times)

Filled @ $20,500 for another 0.012 sats worth.

Found the bottom?

For those who want to smell other people's farts a bit better on a plane this is a great invention.


Double-decker plane seat design ‘comfortable’ but ‘claustrophobic’
https://uk.yahoo.com/style/double-decker-plane-seat-design-120041925.html

Explanation

LOL here we go...

Wednesday  BITCOIN IS ILLEGAL IN RUSSIA
Friday  BITCOIN TO BE USED FOR INTERNATIONAL TRADE BY RUSSIA
Tuesday  BITCOIN BANNED BY WESTERN NATIONS
Thursday BITCOIN BEING ACCUMULATED IN DARK POOLS BY WESTERN NATIONS

JUST IN – Russian Central Bank ready to allow use of bitcoin and crypto for international payments 🇷🇺..


Source: https://twitter.com/BitcoinMagazine/status/1537753567917907969

Bitcoin SHOULD act as a hedge because of what it is exactly.

But that requires people to think of it more accurately.  People do not see it as a mathematically perfect asset with an exact known issuance and a hard cap.  It is hard for people to see that because it has never actually existed before.

Also, the casino nature of the "crypto" market, leads to great volitility and the association of Bitcoin as a "tech product" has it firmly in step with the Nasdaq chart at times.

One other thing.  For better or worse Satoshi invented an asset that has no controllers or mechanisms to damp the value spikes and dips.  When a poorly designed DeFi scam uses bitcoin as it's reserve asset, and eventually goes broke, then they have to sell those bitcoin into the market.  And there is no governance that can add or remove BTC from the system so the shocks are felt as they truly are, rather than having the illusion of stability.

Eventually we will see people start to use Bitcoin as a safe haven... a base asset.  Will that be during THIS crash?  Or the next one in 8-20 years (or whatever... who knows?)?  That, I think, is the tricky bit...

do not click, addictive af.
https://www.youtube.com/watch?v=zci2ilhf4UE

well i think they more or less use sticks and scratch hash calculations into the dirt but not sure. bitcoin steampunk timeline crossed maybe.

If that is how you read it.  But I liked my version better.  Also, I am not really making short term price predictions.  What I am saying is we have not seen the mother of all bull markets yet.  Although we will never see % gains like were realized between 2010-2014 again we WILL see, in the overall scale of things, a massive rise in the price... some day.

Again, I think we will see the bitcoin adoption curve reflected in the price of the asset.  And that that curve will, like most others, have a middle section where adoption is happening the fastest.  I think we might even see an exaggerated adoption curve because of the nature of this technology.

So far one of the most accurate models that can be backfitted to the bitcoin price is a parabolic curved range with a decreasing slope on both the lower and upper bounds.  This makes sense for many reasons.  One of the most obvious is as Bitcoin goes up in value it takes progressively more to raise the price which is slowing both the volatility and price rise of the asset.


(credit @davethewave on twitter)

This model eventually breaks, in my opinion, as the adoption of bitcoin as a reserve asset causes the downward slope to be temporarily overcome.  This has no relevance to the short term price, or if we are near the bottom of a bear market, or what price Bitcoin will be next month.



I think we are somewhere near the blue circle as far as adoption goes...

There was probably a second signal with a message that said "Hey you mofo, don't tell anybody about us or you're toast! We know where you live and what you had for breakfast. Oh and buy Bitcoin. See you later."

Explanation

Next phase

https://www.usatoday.com/story/news/world/2022/06/15/china-giant-sky-eye-telescope-aliens/7632759001/


Chinese researchers found a signal that could be from alien civilizations, the country's science ministry reported.

Researchers with Beijing Normal University this year found “several cases of possible technological traces and extraterrestrial civilizations from outside the earth,” according to a report published Tuesday in Science and Technology Daily, the official newspaper of the Ministry of Science and Technology. The original report, however, appears to have since been deleted from the Science and Technology Daily website, according to Bloomberg.

That's what people told me when I posted 2018 vs 2022 BTC Chart and said we are in similar pattern.
And guess what? It got executed exactly that way.

Thread I am referring to: https://bitcointalksearch.org/topic/bitcoin-2018-vs-2022-5397762

TOTAL Crypto Market Cap was at $740 billion in 2018 and $3 Trillion in 2022.
Wasn't it mature too? We are at $880 billion at the moment.

Anything can happen mate.

Explanation

That was 2008 and its 2022 i don't think comparison is valid from any angle at that time what was the volume I don't it will be even close to the 10% of today's. Today's market is mature by every mean so this is not valid at all.

Still its crypto I'm not sure about anything like after the Break of 24k I'm expecting anything from this market

This is actually scary, also it's the first time $BTC will ever go through a recession.
According to some geeks, BTC will act as a hedge but let's see.


https://twitter.com/DrStoxx/status/1537499570212683776

Entryway Reality every single time maximum mistake which is done

Explanation

Explanation

i think so too - and it would be really cool if Lina Seiche would mention our forum in one of her next cartoons

btw another interesting statistic - 21 and 22 can be compared with the years 14/15, when the price also fell by half on that day, followed by very good profitable years