IMO Bitcoin will be $1M+ within 5 years.
The US government is borrowing an additional $1 TRILLION every 100 days and dumping it on the global financial markets And yet people still can't even wrap their heads around Bitcoin having a market cap of $2 trillion (or ~$100,000/Bitcoin)?
Within the next 5 years, an additional $18 TRILLION will have been added to the US national debt at this rate. If you don't think 5-10% of that will go to Bitcoin, you're out of your mind.
If 5-10% DOES go to Bitcoin, we will probably see a market cap MUCH higher than $2 trillion because the price is determined at the equilibrium where buyers and sellers agree to make a sale.
Fewer sellers = more money must be offered to buy Bitcoin from the sellers who are willing to get rid of their coins.
A lot of the 21M Bitcoin that will exist will never be sold for dollars again 3-5M are lost forever. All of the newly printed money will be fighting for Bitcoin that's available for sale..
If $1 trillion out of the $18 trillion is used to buy Bitcoin over the next 5 years, we will very likely see a $1M Bitcoin, since the market cap doesn't increase proportionately with inflows.
https://twitter.com/rajatsonifnance/status/1790547468452782583
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 534. (Read 26486875 times)
May 15, 2024, 01:11:28 AM
May 15, 2024, 01:01:16 AM
May 15, 2024, 12:01:13 AM
May 14, 2024, 11:59:40 PM
~cut~
I might have to employ an el duderino protest.. since I thought that I would have had won on 5/14 since I said down and it seems that the price went down.. but for some reason the opposite happened with my bet and I lost more than 300 points, even though I had only bet 100... Go figure?
The game is broken, or I got my facts wrong.
The game is broken, and I got my facts wrong. I entered in the wrong price for yesterday. ├───────────────┼──────────┤
│ JayJuanGee │ 1033 │
╘═══════════════╧══════════╛
│ JayJuanGee │ 1033 │
╘═══════════════╧══════════╛
I might have to employ an el duderino protest.. since I thought that I would have had won on 5/14 since I said down and it seems that the price went down.. but for some reason the opposite happened with my bet and I lost more than 300 points, even though I had only bet 100... Go figure?
The game is broken, or I got my facts wrong.
Even though we are not betting anymore and you got all these systems in place... I am betting anyhow... even though I got screwed out of my last bet.. the betting game sucks.. . .. hahahahahahaha
WOGame,JayJuanGee,updown,up,100,2024-05-15
Rushed to market, and not enough research. We can't go out like that though. Corrected Final Results. ggs greyhats
╒═══════════════╤══════════╕EDIT: Well...corrected in the fact that I reran my incorrect script that ran every future bet on today's results. Instead of waiting for that day to come.
│ Username │ CBBits │
╞═══════════════╪══════════╡
│ greyhats │ 1629 │
├───────────────┼──────────┤
│ JayJuanGee │ 1603 │
├───────────────┼──────────┤
│ DirtyKeyboard │ 1241 │
├───────────────┼──────────┤
│ nutildah │ 500 │
├───────────────┼──────────┤
│ satoshi │ 500 │
├───────────────┼──────────┤
│ LoyceV │ 17 │
╘═══════════════╧══════════╛
May 14, 2024, 11:01:14 PM
May 14, 2024, 10:49:14 PM
Re trading on CEXes...wanted to trade something on Gemini (for purely historical reasons).
Their liquidity is terrible...bots presenting fake ask/offers all the time...trades occurring in a few $$ range and are literally filling by a few bucks at the time.
In some cases the "tape" overruns your order by a few bucks and still not getting filled.
I am not sure how Bob was able to fill his "farm" orders, maybe OTC?
Fortunately, this is the last time I 'had" to trade there...phew.
The arbitrage abilities between exchanges is way less than it was in our earlier days of bitcoin, so I am having difficulties understanding what you are talking about.Their liquidity is terrible...bots presenting fake ask/offers all the time...trades occurring in a few $$ range and are literally filling by a few bucks at the time.
In some cases the "tape" overruns your order by a few bucks and still not getting filled.
I am not sure how Bob was able to fill his "farm" orders, maybe OTC?
Fortunately, this is the last time I 'had" to trade there...phew.
If you want to either buy or sell BTC, you can do it as a market order or as a limited order.
By the way, BIG players, whales, bots or whatever manipulators try to hold prices in place and to profit from small moves in the BTC price until they are not able to no longer hold the BTC price in place.. Then what happens? it goes in one direction or another until they are able to try to hold it in place again... what is the BIG deal? They are able to do it until they aren't. so what?
It seems like your knowledge is purely theoretical: "..you can do it as a market order or as a limited order".
Duh!
However, when doing so in any significant volume, you need liquidity and, especially, market depth.
What good is your limited order when it does not fill because bots take the value away from it?
My order on Gemini was sitting literally 30 sec two bucks BELOW the current "official" ask before it was filled.
This does not happen on Coinbase.
Hence my report that liquidity sucks on Gemini.
Somehow this reminds me of a 40 year virgin flick when the main character opined about how woman breast feels..all fellas immediately figured out that he is a virgin.
https://www.youtube.com/watch?v=ULYtRZE_VaM
...but , he recovers nicely here, haha:
https://www.youtube.com/watch?v=jm1qOT1FCzk
I stick by my earlier claims and criticisms of your earlier post - even though you made some interesting points that don't really apply to this here cat.. even though surely I don't claim to be a trader... even though I do regularly employ limited orders in both directions on various exchanges and pretty rarely market orders but I know how to do them and over the years, sometimes I had executed them accidentally.
Since this threading is about Wall Observer BTC/USD - Bitcoin price movement tracking & discussion it will be good I mention The reasons why Bitcoin is still valuable and still increasing in price which is, because of it's scarcity, divisibility, acceptability, portability, durability, uniformity and durability.
This things mentioned are the major reason Bitcoin will never end but keep growing bigger and better.
This things mentioned are the major reason Bitcoin will never end but keep growing bigger and better.
Oh?
And for some reason I thought it was about sound money and self-sovereignty.
Maybe we are just using different words to say similar things?
Perhaps?
Perhaps?
├───────────────┼──────────┤
│ JayJuanGee │ 1033 │
╘═══════════════╧══════════╛
│ JayJuanGee │ 1033 │
╘═══════════════╧══════════╛
I might have to employ an el duderino protest.. since I thought that I would have had won on 5/14 since I said down and it seems that the price went down.. but for some reason the opposite happened with my bet and I lost more than 300 points, even though I had only bet 100... Go figure?
The game is broken, or I got my facts wrong.
Even though we are not betting anymore and you got all these systems in place... I am betting anyhow... even though I got screwed out of my last bet.. the betting game sucks.. . .. hahahahahahaha
WOGame,JayJuanGee,updown,up,100,2024-05-15
May 14, 2024, 10:01:16 PM
May 14, 2024, 09:01:13 PM
May 14, 2024, 08:01:14 PM
May 14, 2024, 07:36:09 PM
ChartBuddy's Daily Wall Observation recap
.
.
All Credit to ChartBuddy
All bet's are off.
That was a lot of fun, maybe it belongs in another thread. Thanks for playing!
.
.All Credit to ChartBuddy
All bet's are off.
That was a lot of fun, maybe it belongs in another thread. Thanks for playing!
Code:
Final Results:
╒═══════════════╤══════════╕
│ Username │ CBBits │
╞═══════════════╪══════════╡
│ LoyceV │ 46137 │
├───────────────┼──────────┤
│ nutildah │ 1958 │
├───────────────┼──────────┤
│ DirtyKeyboard │ 1941 │
├───────────────┼──────────┤
│ greyhats │ 1862 │
├───────────────┼──────────┤
│ satoshi │ 1812 │
├───────────────┼──────────┤
│ JayJuanGee │ 1033 │
╘═══════════════╧══════════╛
LoyceV won 289 on updown, now has 45694
DirtyKeyboard won 316 on updown, now has 1891
LoyceV won 228 on updown, now has 45922
LoyceV won 215 on updown, now has 46137
greyhats won 133 on updown, now has 1862
DirtyKeyboard won 100, now has 1991
DirtyKeyboard lost 50, now has 1941
╒═══════════════╤══════════╕
│ Username │ CBBits │
╞═══════════════╪══════════╡
│ LoyceV │ 46137 │
├───────────────┼──────────┤
│ nutildah │ 1958 │
├───────────────┼──────────┤
│ DirtyKeyboard │ 1941 │
├───────────────┼──────────┤
│ greyhats │ 1862 │
├───────────────┼──────────┤
│ satoshi │ 1812 │
├───────────────┼──────────┤
│ JayJuanGee │ 1033 │
╘═══════════════╧══════════╛
LoyceV won 289 on updown, now has 45694
DirtyKeyboard won 316 on updown, now has 1891
LoyceV won 228 on updown, now has 45922
LoyceV won 215 on updown, now has 46137
greyhats won 133 on updown, now has 1862
DirtyKeyboard won 100, now has 1991
DirtyKeyboard lost 50, now has 1941
May 14, 2024, 07:01:16 PM
May 14, 2024, 06:26:19 PM
Since this threading is about Wall Observer BTC/USD - Bitcoin price movement tracking & discussion it will be good I mention The reasons why Bitcoin is still valuable and still increasing in price which is, because of it's scarcity, divisibility, acceptability, portability, durability, uniformity and durability.
This things mentioned are the major reason Bitcoin will never end but keep growing bigger and better.
This things mentioned are the major reason Bitcoin will never end but keep growing bigger and better.
Code:
The total supply of Bitcoin is only 21 million, did you notice it is a digital currency.
It has influence all over the world due to which it is in the highest demand, Bitcoin has remained faithfully in the market for a long time, so the possibility of loss and risk is very low when people invest here.
This Bitcoin price will definitely increase further in the future, you just wait until 2025 there is a big bull market.
It has influence all over the world due to which it is in the highest demand, Bitcoin has remained faithfully in the market for a long time, so the possibility of loss and risk is very low when people invest here.
This Bitcoin price will definitely increase further in the future, you just wait until 2025 there is a big bull market.
May 14, 2024, 06:17:12 PM
The market is so incredibly short Bitcoin right now. Any good sized move up will cause nearly $8,000,000,000 in liquidations. That will cause a massive candle by itself. With MSTR finding its way into indexes and pension funds scooping up BTC, it seems like only a matter of time now. I think we’ll see another month or two of sideways action and then a nice sized candle taking us to $85K at the end of the summer.
8 bil is not nothing, but only a 0.66% of bitcoin's market cap...worth maybe a 4-5% rise (assuming a 7-8X multiplier).
May 14, 2024, 06:01:14 PM
May 14, 2024, 05:50:23 PM
The market is so incredibly short Bitcoin right now. Any good sized move up will cause nearly $8,000,000,000 in liquidations. That will cause a massive candle by itself. With MSTR finding its way into indexes and pension funds scooping up BTC, it seems like only a matter of time now. I think we’ll see another month or two of sideways action and then a nice sized candle taking us to $85K at the end of the summer.
May 14, 2024, 05:01:14 PM
May 14, 2024, 04:13:44 PM
Check this out:
https://www.dailymail.co.uk/yourmoney/property/article-13417325/americas-best-housing-market-decade-value-rate.html
So, peeps just put 5% down on a 1mil "modest" house in San Diego and get 100% money "growth" per year (10% of a 1mil house is 100k, which is 100% growth coming from 50K). Crazy stuff, but explains why people stay with RE.
https://www.dailymail.co.uk/yourmoney/property/article-13417325/americas-best-housing-market-decade-value-rate.html
So, peeps just put 5% down on a 1mil "modest" house in San Diego and get 100% money "growth" per year (10% of a 1mil house is 100k, which is 100% growth coming from 50K). Crazy stuff, but explains why people stay with RE.
May 14, 2024, 04:01:17 PM
May 14, 2024, 03:35:10 PM
A meteor could just come and kaboom (okay my imagination is exaggerated) but you get what I mean
not really, nodont look up then
May 14, 2024, 03:01:14 PM
Jump to: