Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4421. (Read 26710702 times)

I am thinking that the full supply of sats after all the BTC are mined would be 2.1 Quadrillion, but in today's values, there are only about $1 quadrillion in reserve assets (various ways that value is stored), so maybe at best we could expect around $.50 per sat (in today's dollars), but hey what do I know.

On a similar note, I recall that a few years ago, one of our wall observer regulars had been ongoingly making the argument that the BTC is likely going to end up increasing the amount of value in the world which would thereby increase the potentiality of how high the BTC price could go (the name of the member making that argument is escaping me at the moment, but with a little research we could probably identify the member and the threads of arguments being made in that direction), and surely some of that hardly makes any sense if we consider value to be a kind of permanent thing, yet the longer that many of us are in bitcoin, we likely come around to be more receptive to some of the ideas that some value is likely also being created by the invention of bitcoin (and even including some of the copycat shitcoin projects that are likely going to end up getting absorbed into bitcoin but some of their largely ponzi scheme innovations may well end up creating some value and increasing the amount of value in the world.. perhaps? perhaps? perhaps?)...

So then perhaps we might say that the greatest potential in today's dollars would be that sats would have the potential of reaching $.50 per sat, but if we account for various kinds of increasing value that could come through the invention and various innovations of bitcoin through the years and by the time that it is able to reach up to $.50 per sat, there may well be sufficient multiples or even magnitudes of value increase to allow sats to be valued at $5 per sat or even $50 per sat, even though I would have quite a few doubts about $10k per sat.. because it is quite difficult to consider those kind of levels of magnitude of extra value creation.. but I suppose, never say never, even if some of us (including yours truly) has doubts about how far BTC might be able to progress beyond something like $.50 per sat or even $5 or $50 per sat... kind of far into the future to see something like that too, no?

Explanation

That's a decent point Richie....

I tend to work with hypotheticals to help them to get the exponential ideas.

So, for example, depending on the timeframe, I will take some hypothetical amount that might reasonably be within their budget, and I will say something like:

"Let's say that in late 2013 you had something like $10k that you wanted to invest into bitcoin.   I am not even saying that this is the amount that I invested, and you invested that $10k over then next year or maybe even it took you 2 years to accomplish investing up to $10k... sure you could have had some $250 coins and even $500 coins, but you screwed up several times, and you came out of that mess by late 2015 with about 10 BTC and an average cost per BTC of $1k.  So then we can see the value of your BTC holdings at various points in late 2017 and in 2018 and in the lows in 2020 and in the highs of 2021... so yeah, you would have had 20x price appreciation and then only 3x and then back up to 10x and then up to around 69x."


Of course, you can make similar comparisons for 12 to 18 months and to use hypotheticals.  So I would use something like March 2020 getting involved in bitcoin and taking until September to get to $10k investment into bitcoin which would be 1 BTC with an average cost of $10k per BTC (because you had screwed up), but $10k per BTC still remains an easy and round number to attempt to show that you would have gotten a 6.5x increase that sunk down to 2.8x and then came back up to 6.9x and now is bouncing around between 5.5x and 6x-ish give or take.

Explanation

Does not seem like it Billy.

You already had your opportunity to call the bear market in the summer (2021 of course), and it has become obvious that you were not correct about such bear market..... including your earlier ridiculous (and likely disingenuine calls for sub $10k.. totally ridiculous - especially since even then lower than the 208-week moving average which was then around $14k and currently is about $18k).    

Anyhow, our current BTC price performance does not appear to be anything close to what had happened in February 2018.. so you need to pick some kind of better comparison... perhaps you would like to compare our current BTC price location to some time in 2013.. but where would you pick?  We did have a kind of double top in 2013.... but it seems to be no where near the seeming double top that theoretically we could be experiencing currently... unless the double top of now is not quite over yet and then we get some more run up in this particular cycle.

I will grant you (even though you did not say it in your disingenuine little dweeb assertions) that we cannot necessarily expect patterns to play out the same, but even you are trying to get us to compare previous locations on the BTC historical charts.. and so far it seems that somewhere in late 2013 would be more closely aligned than early 2018.. .alternatively, we might be able to compare late 2017 to where we are at now.. .. but there was not really any kind of double top in 2017.. unless we consider August 2017 or so to have been a kind of double top from earlier in the year, and so you know where we went after that, no?

Anyhow, we will see what happens, even though it is hardly even worth it to be responding to your ongoing assertions that hardly seem to be even close to attempting to deal with actual facts or logic rather than your ongoing efforts to just throw out conclusory nonsense assertions.


Still seems pretty risky to me.. but hey maybe you and AlcoHoDL can go on your date with proudhon together like two teenage girls who taking security precautions and then maybe such date could be approved first.. go to the skating ring, and then go for slurpies.. and then see how the situation feels.  #nohomo


hahahahahahahaha


Might as well include you on the proudhon date with AlcoHoDL and serveria.com.


Do you suck dicks?

Asking for a friend.


Hey...Dakustaking76... your potentially ruinin dee moo...    


We would not want proudhon to be wasting any blowing efforts on anybody other than deserving WO peeps.


Don't do it.

It is better to get assurances from proudhon first regarding certain things that s/he/it can do.  #justsaying.

Good afternoon Bitcoinland. Happy Thanksgiving to those in the USA. We had ours over a month ago. I personally think every day should be thanksgiving day.

Up a little but still under $60k... currently $59140USD/$74792CAD (Bitcoinaverage).

Time for some serious upward movement.

Go Bitcoin go.


Bingo. We seem to be having a rash of clueless noobs spamming us with BS meme links.

I find the one with the shitcoin dog over the word "Bitcoin" particularly offensive.

What about if proudhon is a hot girl willing to suck ur cock? 

Time in the market is a way better strategy than trying to time the market, and surely many of us have heard these nonsense opinions from you previously and you likely have screwed ur lil selfie out of a lot of profits through your ongoing playing around and failing/refusing to establish and follow a sound and prudent preparation for UP strategy.

By the way, a preparation for UP strategy would at least involve some kinds of accumulation of bitcoin, and the best of the accumulation strategies is dollar cost averaging (DCA) that can also be supplemented with buying on dip and lump sum investing.  

Selling bitcoin to buy more is a way the fuck inferior strategy, and likely should not be attempted or followed until reaching decently high BTC accumulation strategies, and then ONLY playing with very small portions of your stash.  From what I have already seen from you, I doubt that you are even close to reaching decent levels of BTC accumulation, so yeah even if you have gotten up to currently valid entry-level BTC accumulation goals, such as 0.21BTC, I would be quite surprise.  

With your forum registration date of May 2016, you should have been able to reasonably and prudently accumulate in the ball park of about $57k  to about $570k in BTC value.. depending on if you had a more wimpy BTC accumulation strategy of something like $10 per week or a more aggressive BTC accumulation strategy of $100 per week... of course, retrospectively we can see that the $100 per week would have been a better strategy that would have gotten you about 9.65 BTC as compared with ONLY $10 per week would have merely gotten you about 0.965 BTC.. but still not even too bad, even with a $10 per week strategy.

The success or failure of your involvement in BTC and how you have "dabbled" with BTC can be compared to where you would have been on a DCA strategy versus at what various lame-ass points that you likely find your lil selfie to be in currently, and for sure it is not too late to learn, even if you have also demonstrated a lot of ongoing resistances (and perhaps inabilities) to actually learn anything.. even little basic things.  Sucks to be you, no?


It's not worth it.

Don't get lured into it.

 

Explanation

There remains a kind of weirdness in the fact that when each of us buy bitcoin and we participate in the bitcoin system in various ways that we choose - including attempting to be advocates for such system whatever other ways that we choose to participate (maybe even if it is ONLY buying bitcoin rather than also advocating for it), there is at least a dual outcome in terms of both our acting in our self-interest can also contribute to the soundness of the overall financial system.

It does seem strange when saying it and even attempting to explain to skeptical newbies (or even just skeptics in general).  A few days ago, I got somewhat mad at someone in real life who I had already persuaded to get involved in bitcoin, and maybe I should give some context... There were three of us in a car, and I was driving and we got onto to the topic of bitcoin because we were talking about some macro-problems (such as inflation and even that the feds have been increasingly forced into more and more money printing and they cannot really seem to find any kind of way out of that ongoingly debases the dollar including that the dollar is the reserve for the whole world, so the whole world pays for the USA debasing of its dollar), and I resorted to a little quip about bitcoin fixes this (addresses these issues by bringing soundness to the money) and even explained in a little monologue for something close to 5 minutes.

So the person that I had gotten into bitcoin for something like 9 months was in the passenger seat and her boyfriend was in the back (so he likely even knows less about bitcoin than her), and she asked him if anything that I said made any sense.  He made some lame comment like "kind of," and I said to the passenger seat person:  "look this is ridiculous.  You have been buying bitcoin for about 9 months and you do not even know what you are buying and why you are buying it."  She said, "wait a minute.  I am doing the right thing.  I am buying bitcoin.  Right?  What else am I supposed to do?"  I pretty much backed off and apologized.  I said that I sometimes lose patience around the topic and even put some of my standards on others in that I think that you should be studying the topic more regarding why you are in an investment."   I said a few more things, but I largely deviated away from the bitcoin topic even though it continued to bother me regarding the lack of any kind of base knowledge or even attempts to gain more knowledge by a person who had already decided to get into bitcoin but seems to hardly know anything about bitcoin except maybe that she might be able to use it as a retirement supplement.

Maybe my point is that people do not want to study or learn about things or to understand beyond the greatness of the system in which we are in, even seemingly smart people.  They seem to believe that everything is just going to fix itself and there are smart peeps in charge who got the whole system under control.. and sure historical gold bugs might be more receptive to and closer to understanding the bitcoin investment thesis.. and even though many of us might consider that the bitcoin investment thesis should be way more within the grasp of the understanding of normies.. so many normies really struggle with it... so will it take one or more cycles.. or does it just take one or two more generations?... hate to be anti-old people.... but there is something about this failure/refusal to change understandings of systems that have already worked... and bitcoin does not really fit so well into status quo systems, except to be a disrupter of them.

If one is looking to break one's merit virginity in the WO, asking to post an unoriginal cliché image with a weird spelling,
is probably not the way to go about it, even if one says please.
This is not an Instagram "like" contest.....just sayin...

I got about halfway through the multiplications tables when I realized that instead of memorizing the numbers I could just figure them by multiples of the lower ones, or use a little formula (algebra?  Is that a math?) to figure the number.

So 7 X 7 is 3 * (2 * 7) + 7, and since I know 2 * 7 is 14 (I hadn't given up by that point) I can know for sure that the answer is higher than 14!

So yeah... definitely know math.  (Or maths for you euro types)

https://youtu.be/9GhAW36HN9A

Second this. Don't show anyone anything. Just smile and wave. You know what you have, they don't need to know.

Nah, proudhon actually means 10 milions per btc, it just his Dyscalculia when he writes "10,000".

I for one look forward to meet permabull and best bullish-signal-ever-when-posting proudhon at 10m.

See you soon!

Some peep (not a bot!) was waiting for some kind of rampening up before calling the parabolic leg. Could noob floods count? Perhaps? Perhaps?

Explanation

But at least you know some math, surely?

I really know nothing about technical analysis (nor science or confirmed sources).  But this looks like either a falling wedge or a descending triangle.



It seems to be acting more like the wedge though.  And that looks like a decent breakout with a little volume

There would be some sweetness to bitcoin observing the US turkey holiday as it has in the past...

So thanks to the rest of the world NOT celebrating the holiday and getting on with business as usual!