Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6720. (Read 26716778 times)

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
[edited out]
I can live with a BTC/USD gain of 100% per year:

Year        BTC/USD
-------------------
2020   $     17,000
2021   $     34,000
2022   $     68,000
2023   $    136,000
<--- My "moon" level.
2024   $    272,000
2025   $    544,000
<--- My "fuck-you rich" level.
2026   $  1,088,000
2027   $  2,176,000
2028   $  4,352,000
2029   $  8,704,000
2030   $ 17,408,000
2031   $ 34,816,000
2032   $ 69,632,000
2033   $139,264,000
<--- My prediction of 1 cup of coffee = 1 sat comes true!


How about we start more conservatively with the beginning of the year 208-week moving average, which would have been about $5k

-------------------
2020   $     5,000
2021   $     10,000
2022   $     20,000
2023   $     40,000
2024   $     80,000
2025   $     160,000
2026   $     320,000
2027   $     640,000
2028   $     1,280,000
2029   $     2,560,000
2030   $     5,120,000
2031   $     10,240,000
2032   $     20,480,000
2033   $     40,960,000

Still seems like a bit too much (too bullish) for my thinking, ..........[edited oout].

I would prefer either having a smaller base or having a curve that is reducing each year instead of expecting a doubling every year, the percentage would slope down - which seems more realistic and sustainable for a longer term.

I must be fucked up in the head to spend so much time on this subject that has already been covered and worked out by much smarter peeps (especially when it comes to working with numbers)?

Nonetheless, I could NOT let these ideas go... I kept thinking about the BTC historical price and potentially reasonable bullish predictions, and thinking about ways to maybe make a better projection out to 2033, as you had chosen that year, AlcoHoDL...

Sure, I understand that since early times in BTC history, there have been a lot of BTC price projections that have been based on historical data and then attempting to project the BTC price out from the historical data.. and likely those guys are way better mathematicians than me... one of the more famous and recent BTC price prediction models is the PlanB stock to flow model...

In any event, I just wanted to put some kind of a more layman's attempt at projecting outwardly, and my model attempts to account for my currently dominant ideas of hybridizing the three current persuasive BTC price prediction models that I frequently mention in my posts: 1) stock to flow, 2) 4-year fractal and 3) exponential s-curve adoption based on Metcalfe principles and networking effects.

In the below numbers, the first couple of columns (after the year) I put the actual average weighted BTC trade price for July for each of those years... I am not sure exactly why I picked July for each of the years, except perhaps to start from when BTC started to somewhat develop a price, which was largely in the middle of 2010.  The second column shows the actual yearly gain, and the next two columns show the projected percentage gain and the projected price respectively for each of the years.

Of course there seems to be a bit of randomness in my selection of percentage gains for each of the years - but instead of merely showing straight-line BTC price performance that may well become unsustainable if kept as a straight-line, I attempted to somewhat ballpark line up BTC actual historical prices while also attempting to account for BTC's four-year fractal dynamics and its s-curve exponential adoption dynamics, which is attempting to outline a reasonable historical BTC price, reasonable BTC price projections and also an attempt to assert that from time to time the numbers are not necessarily going to line up, so from time to time, the actual BTC price is going to be underperforming and overperforming the theoretical conceptualizations of what would be considered to be a fair BTC projected price at any of the given time targets.

                    Actual                 Actual              Projected        Projected
                    July                     Yrly                  Gain                 price
(based on Projected Gain)
                    weighted            Gain
                    price


2010              $0.64         
2011              $14                  2109.38%              600%               $3.84
2012              $9                    66.67%                  500%              $23.04
2013              $97                  1077.78%              500%              $138.24
2014              $560                577.32%                250%              $484
2015              $288                51.43%                  125%              $1,089
2016              $654                227.08%                100%              $2,177
2017              $2,732             417.74%                90%                $4,137
2018              $8,130             297.58%                80%                $7,446
2019              $9,660             118.82%                70%                $12,659
2020              $11,115           115.06%                70%                $21,520
2021                                                                  100%              $43,039
2022                                                                  90%                $81,774
2023                                                                  90%                $155,367
2024                                                                  80%                $279,657
2025                                                                  80%                $503,378
2026                                                                  70%                $855,734
2027                                                                  60%                $1,369,135
2028                                                                  60%                $2,190,555
2029                                                                  75%                $3,833,479
2030                                                                  60%                $6,133,578
2031                                                                  60%                $9,813,743
2032                                                                  60%                $15,702,019
2033                                                                  60%                $25,123,277

I still believe that my numbers in the above chart are both bullish and bearish (and surely, I was able to bring the 2033 number down by nearly half from my earlier off-the cuff projections, which makes me feel somewhat better), and surely many WO regular participants likely appreciate that historically I had not personally expected to receive any more than 6% per year BTC price appreciations in order for my BTC holdings to perform somewhat in line with the historical performance of my various investments (largely based on projecting future performance based on my historical traditional investment gains).  

I will admit that based on many of the macro-world financial happenings of the last year or so, I have considered upgrading my personal BTC price performance expectations to something in the territory of 10% to 12% instead of my seemingly overly conservative 6% per year, and still, I am basing those kinds of personal BTC price trajectories on the 208-week moving average (which is currently at about $7,100), so even though I am making seemingly pie-in-the-sky bullish projections in the above chart regarding what BTC prices seem to have the potential to do based on reasonable BTC price predicting models, any kind of BTC price performance that goes beyond my own more conservative estimation of 10% to 12% per year based on the jumping off point of the 208-week moving average is largely icing on the cake for my own personal finances, even though it does seem that on personal levels, I am going to continue to have those kinds of first world problems of having an investment (namely BTC) that way the hell outperforms my expectations and accordingly going to have to continue to have to figure out ways to spend some of the extra value (which I have been attempting to accomplish such figurings in recent years too, largely based on my own BTC portfolio ongoingly and continually outperforming even my more bullish of personal BTC price trajectories).  

In other words, I could give less than two shits if the actual numbers that I have projected to be realistic possibilities end up playing out.  My own personal finances do not depend on that level of bullishness, and I am not even sure if I will be in a good position (in terms of youth and energy to be able to enjoy that level of wealth, anyhow, even if the $50k or $100k scenarios were to play out in the coming years.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Total hashrate (1 month average) in support of Taproot: 82.05%

https://taprootactivation.com/
legendary
Activity: 3122
Merit: 1538
yes
Meanwhile, bears who did not buy back -> rekt  Roll Eyes
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
so The Dude sold his account?  Shocked

LoL.... this account will probably be the last one able to been bought by another user...

The dude’s been cooking to much last days...

GREAT! so pls a priv pic with tattoos of what is Belgium famous for?  Grin

legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
so The Dude sold his account?  Shocked

LoL.... this account will probably be the last one able to been bought by another user...

The dude’s been cooking to much last days...

legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
Above $17500

Dec 2017: 103 hours
Nov 2020: 209 hours

legendary
Activity: 2016
Merit: 1259
OT: In what fucking universe does it make sense that the NASDAQ is up (not down) +25% from its start of the year, during the worst economic crash since the Great Depression?

Seriously??

The NASDAQ didn't just beat some inflation number for the year. UP 25 fucking percent,

   No, you can't expect it to keep up with the real inflation numbers.
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
OT: In what fucking universe does it make sense that the NASDAQ is up (not down) +25% from its start of the year, during the worst economic crash since the Great Depression?

Seriously??

The NASDAQ didn't just beat some inflation number for the year. UP 25 fucking percent, folks. And it's up +50% from Nov 2019.

Incredible. Average Joe zombies are asleep or flat out ignoring reality.

I call it the PPP effect, Presidential Print and Pump.

Socialized stock market, quite ironic isn't it?
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Note I study this other thread a lot

https://bitcointalksearch.org/topic/top-20-days-for-bitcoin-138109

yefi keeps it up to date
https://bitcointalksearch.org/user/yefi-87229


All info below is pulled from thread above  and put into a USD format.

So we still have

Two good streaks alive:

Nov 2020 the only month ever with all days above 13,500

2020-11-01  13,762
2020-11-02  13,545
2020-11-03  13,632
2020-11-04  13,908
2020-11-05  14,937
2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,652
2020-11-12  15,939  
2020-11-13  16,279
2020-11-14  15,982
2020-11-15  15,972
2020-11-16  16,409
2020-11-17  17,260
2020-11-18  17,874
2020-11-19  17,792
2020-11-20  18,370
2020-11-21  18,710
2020-11-22  18,291
2020-11-23  18,443
2020-11-24  18,940
2020-11-25  19,053 _______ Peak!
2020-11-26  17,151
2020-11-27  16,941
2020-11-28
2020-11-29
2020-11-30


Nov 6 to Nov 23 longest streak above 15,000

2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,652
2020-11-12  15,939  
2020-11-13  16,279
2020-11-14  15,982
2020-11-15  15,972
2020-11-16  16,409
2020-11-17  17,260
2020-11-18  17,874
2020-11-19  17,792
2020-11-20  18,370
2020-11-21  18,710
2020-11-22  18,291
2020-11-23  18,443
2020-11-24  18,940
2020-11-25  19,053 _____ Peak!
2020-11-26  17,151
2020-11-27  16,941
2020-11-28
2020-11-29
2020-11-30

This is to keep the fearful ones in control of their fears.

Streak on!!
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
full member
Activity: 896
Merit: 236
"Fugg your mother if you want fugg!" LOL

or

"Hugg your mother if you want hugg!"
I done many but now lost this golden hugg feeling sad.
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
so The Dude sold his account?  Shocked

BTFD = Buy The Fugging Dude

It's been a really inspiring day for amateur comedians all over the World (=read: WO).
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Just bought a low-end gaming computer for 0.063288 BTC. I hope this purchase age like milk.

congrats...
low-end and gaming, tho...a decent card alone costs quite a bit these days.
I never buy full computers (PCs) anymore-tinkering with GPUs made me proficient enough so I can build them better than buying (for cheaper).
I do buy macs,  Grin.



Yeah I went to kohl’s yesterday BF.

 I returned a package 📦 to amazon.

It was pretty much exactly like your photos.

true, nobody to be seen in regular retail, but I am going to microcenter tomorrow to pick up my components for a build, we shall see...there is always a line there.

I went to the one in Patterson NJ. on a sat or a sun morning.

 They had early BF sale 199 for an intel 9700k and 299 for an intel i9 9900.

 I ordered on line and did pick up in the store it was really empty.

Maybe I did it on Sunday Nov 8th Need to check to be sure.

Yeah Sunday the 8th at 10:16 am.

Patterson NJ store is nice as it has a sales tax discount of 50%

so sales tax was  16.53 vs 33.06.  So about 515 total


https://www.newegg.com/core-i7-9th-gen-intel-core-i7-9700k/p/N82E16819117958?
https://www.newegg.com/intel-core-i9-9900k-core-i9-9th-gen/p/N82E16819118147?


At newegg today I would pay over $619.00

So a really good sale and they were empty.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
so The Dude sold his account?  Shocked
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 3990
Merit: 4597

Anyone else ever notice that tryptophan and cryptofan rhyme?   ...huh.


where did this come from?  Cheesy

how about:
glycine-Pauline
cystein-theine
aspartic acid-...ahem

it's too bad that it is Saturday...it might be worth some haiku concoction
nevermind...

theine in my tea
something tugging on my mind
glycine or Pauline?


#haiku
sr. member
Activity: 378
Merit: 889
Just bought a low-end gaming computer for 0.063288 BTC. I hope this purchase age like milk.

congrats...
low-end and gaming, tho...a decent card alone costs quite a bit these days.
I never buy full computers (PCs) anymore-tinkering with GPUs made me proficient enough so I can build them better than buying (for cheaper).
I do buy macs,  Grin.
I like when people build their own PC, shows compassion. I like that. This computer I bought is only meant to be used as a media center, hooked up to the TV. It has a GTX 1660. Nothing fancy, but it will serve it purposes
hero member
Activity: 786
Merit: 857
If any of you are interested in mooning (and I don’t mean the dropping your trousers version).
Take a look at this
ineedmoremoon.com
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