Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6528. (Read 26723521 times)

legendary
Activity: 2050
Merit: 1184
Never selling
we're heading to reach $30K, personally I'm so much excited. we all hope there no dumps however, I have no clue. It might not happen at all. with so much momentum, BTC might keep climbing.

I expected a dump after hitting $20k, $25k and so on but it hasn't come yet. But there will be one for sure. This can't continue like this.

Institutional investors have strong hands. Get used to it.  Cool

Strong hands yes, and why do they have strong hands, because they are after wealth preservation. They are not looking at Bitcoin as a way to make capital gains. They are using it to preserve the wealth they have already achieved over the last several decades.

They'll only "take profit" when the legacy system has once become stable enough for them to go about normal business. This will take a while with the full blown MMT that is coming down the line. Monetary and fiscal stimulus to the moon, along with those looking to preserve their wealth.
legendary
Activity: 2338
Merit: 2106

That seems to be the case. I've mentioned it in other threads. Searches are up around the world but in countries with high inflation like Argentina or Turkey they are at an ATH. Add that to institutional investors' demand and see what 2021 will bring us.

This is more, earlier than expected.   Which leaves us with the question.  Is this a supercycle?  Or is it just early?


i believe we are in a 2013 kind of scenario:

price will rise until April, peaking somewhere between $80k and $240k.

then a dump during summer with a low in August around $40k to $80k.

2nd peak in Nov/Dez around $500k or even $1mil


uups... new ath...   congrats... observing 29600  Cool
legendary
Activity: 1235
Merit: 1202
30k, today, PAMP IT
legendary
Activity: 2050
Merit: 1184
Never selling

That seems to be the case. I've mentioned it in other threads. Searches are up around the world but in countries with high inflation like Argentina or Turkey they are at an ATH. Add that to institutional investors' demand and see what 2021 will bring us.

This is more, earlier than expected.   Which leaves us with the question.  Is this a supercycle?  Or is it just early?

Thing to note here though is that every cycle is bigger than the last. So expect google searches to peak 10 times over the previous highs. Just as the price does.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.


https://twitter.com/100trillionusd/status/1344981849634959361?s=21

A nice happy new year from our favorite .... though this saylor guy could be one of my favorites as well Grin
legendary
Activity: 2186
Merit: 1213
For everybody who forgot it already (as I did), holy fuck I just checked the weekly chart and last week on December 25th we were at $23.950. And $29k feels boring already lol...
legendary
Activity: 2492
Merit: 1230
Privacy Servers. Since 2009.
Getting ready to attack $30k...  Cool
legendary
Activity: 2492
Merit: 1230
Privacy Servers. Since 2009.
I believe this is it!!!

Expecting 100k this year for btc

We will reach $100k by August 2021 latest. Then a blowoff top in November-December 2021 (could be anything between $200k-$450k). #SOMA #dyor  Grin
legendary
Activity: 2492
Merit: 1230
Privacy Servers. Since 2009.
we're heading to reach $30K, personally I'm so much excited. we all hope there no dumps however, I have no clue. It might not happen at all. with so much momentum, BTC might keep climbing.

I expected a dump after hitting $20k, $25k and so on but it hasn't come yet. But there will be one for sure. This can't continue like this.

Institutional investors have strong hands. Get used to it.  Cool
hero member
Activity: 1029
Merit: 712
Nice stats table, interesting to see them in one place like that, but there is something weird in the up/down arrow column - what is that calculating and how could July be down over 300%?


Well I worked out what was happening: the posts percentage change column is working on the current month instead of the change vs the previous month.  The BTC change column is doing the same thing.

The numbers should look something like this I think:

MonthPostsChangeBTC/$$ change
Jan4,660$9,352
Feb4,223 -9%$8,640  -8%
Mar6,611  56%$6,463  -25%
Apr4,381 -33%$8,770   36%
May4,509  3%$9,462   8%
Jun2,877 -36%$9,163  -3%
Jul673 -77%$11,333   24%
Aug2,656  295%$11,708   3%
Sep2,742  3%$10,741  -8%
Oct2,454 -11%$13,815   29%
Nov4,164  70%$19,507   41%
Dec4,163  0%$29,191   50%

July the strangest month - posts down 77% but BTC UP 24% - perhaps everyone was on holiday as the post count number is amazingly low.
Note: ignore the July comment, turns out that was due to a large number of post deletions, and in fact post count went negative that month.
member
Activity: 518
Merit: 33
I think Bitcoin could hit around $32,000 before we see any considerable correction from it.

Also keep in mind that Bitcoin has been kind of following SPX/USD chart and its trends since the pandemic so as long as US market is up you could expect Bitcoin to stay up, but then again SPX is also due for a correction for a while now, and soon enough we will see if Bitcoin keeps following SPX after its correction that will eventually happen or it will just go its own way.

Comparison between BTC and SPX chart after the pandemic(Jan 30th):

   

                                                     
hero member
Activity: 1133
Merit: 819
Happy new year everyone!!

If you live in NL, don't forget to take note of the worth of your stash today for tax purposes.
newbie
Activity: 9
Merit: 0
I believe this is it!!!

Expecting 100k this year for btc
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist

That seems to be the case. I've mentioned it in other threads. Searches are up around the world but in countries with high inflation like Argentina or Turkey they are at an ATH. Add that to institutional investors' demand and see what 2021 will bring us.

This is more, earlier than expected.   Which leaves us with the question.  Is this a supercycle?  Or is it just early?
sr. member
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
we're heading to reach $30K, personally I'm so much excited. we all hope there no dumps however, I have no clue. It might not happen at all. with so much momentum, BTC might keep climbing.

I expected a dump after hitting $20k, $25k and so on but it hasn't come yet. But there will be one for sure. This can't continue like this.
legendary
Activity: 1372
Merit: 2017

That seems to be the case. I've mentioned it in other threads. Searches are up around the world but in countries with high inflation like Argentina or Turkey they are at an ATH. Add that to institutional investors' demand and see what 2021 will bring us.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
sr. member
Activity: 807
Merit: 423
For some ideas to make your comments effective, I found Jake Chervinsky and Ben Davenport helpful
https://twitter.com/jchervinsky/status/1340135041746300932
https://twitter.com/bendavenport/status/1344341036412203014
sr. member
Activity: 807
Merit: 423
On top of the wallet rule now only three days from final adoption, FinCEN just announced ANOTHER rule.
https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule
With a bare three weeks before leaving office, it's impossible to have a public comment period that complies with the Administrative Procedure Act.
Treasury hasn't even provided a timeline yet.  
We only know that this new midnight rule will have an illegally short comment period, just like the last one.
The fact that the procedure is done illegaly won't prevent the rule from being enforced.  This is a standard administrative procedure whereby government agencies like Treasury write regulations into law without actually having to go to Congress.  Once these new regulations go into effect, overturning them involves a politically difficult congressional procedure; the incoming administration can't simply rescind rules that went on the books before they came to office.
In other words, we're fucked.
There's still time to comment on the wallet rule, though
https://beta.regulations.gov/commenton/FINCEN-2020-0020-0001

Meanwhile Mnuchin expects us crypto people to party instead of paying attention.
legendary
Activity: 2310
Merit: 1422
Wishing you guys all the best, many of you have been great guides throughout tough times.
You helped this poor man to stand still in front of the storm and get back some of his btc.

Love you all. #nohomo

Leaving you with my first 2021 haiku

Sunny aurora
before golden bitcoin shines
beyond the glory

 Smiley
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