I have a theory about the bitcoin 4 year cycle.
The 2013 bull run was fueled by libertarians, Cyprus, ASIC miners, Gox and the Willy bot.
The 2017 bull run was fueled by individual investor FOMO, forks, and alt coin insanity.
The 2021 bull run will be fueled by Wall Street investors, hedge funds, corporate treasuries, pension funds, etc.
The 2025 bull run will be fueled by governments, central banks, and sovereign wealth funds.
2030, the dollar as we know it will be re-baselined or replaced by the governments of the world with something else. The price of bitcoin after that can't be described in dollar terms we would understand today but it should have the buying power of $5million+ in today's money and a market cap of $100trillion+.
Takeaway: Never sell all your bitcoin no matter how high the price goes. We may not have an 80-90% crash this time or next time and you would be forever priced out of the market. Don't let the bankers have them all.
The day when owning a single bitcoin makes you a millionaire is under a decade away! HODL!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6804. (Read 26714945 times)
November 16, 2020, 11:04:43 AM
November 16, 2020, 11:03:30 AM
For anyone interested in Roger Ver's "miner tax" hard fork fail today, it's currently not going well: https://cash.coin.dance/blocks/hashrate
1.36 EH/s (86%) vs 0.22 EH/s (14%). BCHA is currently trading at 0.05 (5%) of BCH and 39 blocks behind as only mined 3 blocks compared to BCHN's 42. Ouch.
I think this will be remember as "The fork that nobody cared about"
1.36 EH/s (86%) vs 0.22 EH/s (14%). BCHA is currently trading at 0.05 (5%) of BCH and 39 blocks behind as only mined 3 blocks compared to BCHN's 42. Ouch.
I think this will be remember as "The fork that nobody cared about"
Wow... That thing shows it having NO hashrate at a point. I have to admit this is so encouraging.
But what happens when all the miners go away? Lol.
November 16, 2020, 10:46:09 AM
What’s the highest price in 2020 up to now? We are at $16453, I think it is close no? Maybe we break $16500 today?
November 16, 2020, 10:11:12 AM
What are we going to do when bankers speak about bitcoin better than the WOers?
I saw even rockets and trains on banks' websites. The world is changing too fast for me.
Because now they are feeling its reality and no one can stop this for figure touching which brings rockets and trains on this thread. I saw even rockets and trains on banks' websites. The world is changing too fast for me.
November 16, 2020, 10:08:32 AM
What are we going to do when bankers speak about bitcoin better than the WOers?
I saw even rockets and trains on banks' websites. The world is changing too fast for me.
I saw even rockets and trains on banks' websites. The world is changing too fast for me.
November 16, 2020, 10:04:25 AM
TLDR: Citibank now reads WO and is filling their bags.
Here you have the full report.
Quote
(...)
I don't know about the prediction, but I like the reasoning about bitcoin put down by the guy. It is almost the reason why I am long bitcoin.
I hope he's right but I don't see this happening. IMO $70k-$100k max....
I did not expect the times that banks are more bullish than WO posters on btc to come around that fast....
November 16, 2020, 09:55:09 AM
Hi WO_gang again,
The time-series plots (charts) give you enough visual data for daily high price (in 2017, 2018, 2019, 2020) and daily volume.
It has around 45 days till the end of 2020 and if history repeats itself, better things not yet to come.
But be careful with your trading orders and extremely careful if you are trading with high leverages. You can keep your greediness and wait for higher price in rest days of this year but it is not a most wisely way to take profit.
It is not my financial advice.
4 years: 2017 to 2020
In 2017 and 2020
It has around 45 days till the end of 2020 and if history repeats itself, better things not yet to come.
But be careful with your trading orders and extremely careful if you are trading with high leverages. You can keep your greediness and wait for higher price in rest days of this year but it is not a most wisely way to take profit.
It is not my financial advice.
4 years: 2017 to 2020
In 2017 and 2020
November 16, 2020, 09:52:10 AM
And back to 16,300 territory. Nice to see there is a bit of support at these levels, so when it gets to 18k will people be posting double vegattas?
That was a quick turn around.
Bitcoin is back on track to contest $16,700 again just were it left off on Friday night. But then the million maga march interrupted that rally.
Although they didn't have a million there.. more like 50k
Michael Moore on The Battle Between So-Called Moderates & Progressives | MSNBC Weekends w/ Alex Witt
https://www.youtube.com/watch?v=TT2rF-RPH1I
Here is who went to that but without any of their masks on
: https://www.youtube.com/watch?v=lXhI75JoQsY
Da media says whaaa? https://www.youtube.com/watch?v=12O_5m6LR_g
Rudy updates everybody this morning on how Trump is doing after saying biden won but ends up hanging up before the interview ends.
https://www.youtube.com/watch?v=Y2w1hmPMTns
Tone Vays says he doesn't give a sh*t and will start traveling NOW and getting out of his bunker (changes background to a penthouse cause of the bitcoin rally perhaps?)
https://www.youtube.com/watch?v=gQEyJ99z09A
Just like those honey badgers, BTC don't give a f**k!
November 16, 2020, 09:44:48 AM
https://twitter.com/kerooke/status/1328341089032548352
scaramucci has long been a goldfag, so all good now
edit: prolly some Trump money in that fund, no?
Quote
On Friday, Skybridge Capital filed an amendment with the SEC, allowing their $3.6 billion fund to start investing in Bitcoin.
Keep an eye on @Scaramucci 👀
Keep an eye on @Scaramucci 👀
scaramucci has long been a goldfag, so all good now
edit: prolly some Trump money in that fund, no?
November 16, 2020, 09:32:33 AM
Alternatively, even if the various bcashes were to attempt to join forces, which probably such joining of shitcoin forces would be a smarter move if any of them could coordinate well enough to figure out such a force joining strategy.. and then it could be called a unforkening.....
November 16, 2020, 09:03:04 AM
@Schuldensuehner
#Bitcoin has decoupled from Gold. While the yellow metal has dropped after Moderna vaccine news, digital Gold (Bitcoin) continues to move higher.
https://twitter.com/schuldensuehner/status/1328336746904481792?s=21
#Bitcoin has decoupled from Gold. While the yellow metal has dropped after Moderna vaccine news, digital Gold (Bitcoin) continues to move higher.
https://twitter.com/schuldensuehner/status/1328336746904481792?s=21
November 16, 2020, 08:58:45 AM
Today we are poised to set a new record for btc. edit record set!
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 15,562
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 if we come in over 13,000 this will be the longest streak above 13,000 from day 1 of a month.
here is the old streak which we have already tied as of yesterday.
2018-01-16 11,800. the 16th of jan ended it
2018-01-15 13,875
2018-01-14 13,544
2018-01-13 14,233
2018-01-12 13,652
2018-01-11 13,593
2018-01-10 14,135
2018-01-09 14,703
2018-01-08 15,103
2018-01-07 16,397
2018-01-06 16,670
2018-01-05 15,982
2018-01-04 14,806
2018-01-03 14,960
2018-01-02 14,057
2018-01-01 13,373
we are working on two other streaks
note pulled info from here
https://bitcointalksearch.org/topic/top-20-days-for-bitcoin-138109 and reworked by me to show this record breaking event (we hope for a close above 16,000 as a crash could fuck It up)
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 15,562
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 if we come in over 13,000 this will be the longest streak above 13,000 from day 1 of a month.
here is the old streak which we have already tied as of yesterday.
2018-01-16 11,800. the 16th of jan ended it
2018-01-15 13,875
2018-01-14 13,544
2018-01-13 14,233
2018-01-12 13,652
2018-01-11 13,593
2018-01-10 14,135
2018-01-09 14,703
2018-01-08 15,103
2018-01-07 16,397
2018-01-06 16,670
2018-01-05 15,982
2018-01-04 14,806
2018-01-03 14,960
2018-01-02 14,057
2018-01-01 13,373
we are working on two other streaks
note pulled info from here
https://bitcointalksearch.org/topic/top-20-days-for-bitcoin-138109 and reworked by me to show this record breaking event (we hope for a close above 16,000 as a crash could fuck It up)
November 16, 2020, 08:37:13 AM
And back to 16,300 territory. Nice to see there is a bit of support at these levels, so when it gets to 18k will people be posting double vegattas?
November 16, 2020, 08:31:38 AM
November 16, 2020, 08:02:54 AM
TLDR: Citibank now reads WO and is filling their bags.
Here you have the full report.
Quote
Bitcoin: 21st Century Gold
By Tom FitzPatrick
- The whole existence of Bitcoin has been characterised by unthinkable rallies followed by painful corrections (The type
of pattern that sustains a long term trend.) - The first major rally on this chart as Bitcoin came into the mainstream was the exponential move from 2010 into the 2011 high
followed by a deep correction. This is interesting for 3 reasons- That surge, as it came into the mainstream, was very reminiscent of what happened with Gold as it was allowed to
float in the early 1970’s after 50 years of trading in a $20-$35 range. - That period with regard to the Gold price was a structural change in the modern day monetary regime as it broke
the orthodox relationship between FIAT currencies and Gold ushering in a World of fiscal indiscipline, deficits and
inflation. - The Bitcoin move happened in the aftermath of the Great Financial crisis which saw a new change in the monetary
regime as we went to ZERO per cent interest rates (negative in some countries) and massive QE.
- That surge, as it came into the mainstream, was very reminiscent of what happened with Gold as it was allowed to
- Are we on the cusp of another such structural development? A number of things come to mind in that respect
- With the onset of a new crisis (Covid) Fiscal Orthodoxy has gone out the window (and likely rightly so for now). The
unprecedented societal crisis that we are seeing today leaves little if any room around the World for Fiscal
austerity. - The Fed (The Central Bank of the World) has given 2 pieces of very clear guidance in recent years about how
monetary policy is being reshaped, in possibly the most dramatic fashion since the floating of Gold in the 1970’s,
even more so than the introduction of QE in the last cycle. - The first guidance was before the Pandemic hit and was an assessment of the actions taken during the Financial
crisis. If I remember the phrase correctly it was something like “better a dime today than a Dollar tomorrow”. In
essence the conclusion was that it was better if a crisis developed to hit it hard and early rather than piecemeal
over time- the “big bazooka” effectively. True to their word that is exactly what they did as the Pandemic roiled
financial markets in Feb-March this year. - The second and (in my view) more “monumental” guidance was the indication that as the economy/inflation
and employment pick up they will not look to constrain monetary policy in the same fashion they have in the whole
post Volcker era. This change in monetary policy and simultaneous opening up in fiscal policy is (despite
protestations to the contrary) MMT in all but name and a clear intention of debasing FIAT currency.
- With the onset of a new crisis (Covid) Fiscal Orthodoxy has gone out the window (and likely rightly so for now). The
- Historically this has been good for Gold and likely will again. However, Gold has some restrictions that also need to be noted.
Physical Gold needs to be stored, is not readily portable across borders, has paper equivalents on exchanges that may or may
not fully reflect the actual move in Gold and could possibly be called “yesterday’s news” in terms of a financial hedge. - Bitcoin is the new Gold- It is an asset with limited supply. It is digital (This is the 21st century- Gold is a 20th century asset).
It moves across borders easily and ownership is opaque. That last point is, I believe, very relevant. The huge Fiscal deterioration
of today has a cost in the future, either directly or indirectly. Directly it is that at some point the “bills have to be paid” which
means at some time in the future the money needs to be found. While Bitcoin may become subject to more regulatory
constraints going forward it is a natural store of “money” to avoid this. Indirectly the argument can be the debasement of FIAT
currencies by creating high nominal growth and inflation (effectively a soft default- I do not believe hard default, particularly in
the World’s reserve currency is a real concern. However in lesser currencies it could well be) - Central Banks are increasingly discussing digitisation of currencies: This is a double edged sword. On one side it creates a
much more effective mechanism for distributing stimulus (particularly fiscal) but on the other side it also makes capital
confiscation easier (eg negative interest rates). Both these scenarios would look to me to be positive Bitcoin and in the 21st
Century give us the digital equivalent (Bitcoin versus FIAT digital) of what we saw in the 20th century when the financial regime
changed (Gold versus FIAT paper) - So let us go back to the chart. After the high was posted in 2011 we saw Bitcoin retrace 93% over 5 months (not for the faint
hearted). That was followed by a 9 year period that has been much more symmetric as Bitcoin as an asset became more visible
and increasingly more mainstream- It rallied for 2 years from 2011-2013 (multiplying by an incredible 555 times)
- It fell from Dec 2013 to Jan 2015 (13 months) by 86%
- It rallied from Jan 2015 to Dec 2017 (2 years and 11 months) multiplying by 121 times
- It fell from December 2017 to Dec 2018 (12 months) by 84%
- It rallied from December 2018 to? by ? %
- If you look at the chart below and the price action to date you could argue 2 things
- Timeframes for the rally are getting longer (10 months, 2 years, 3 years and next 4 years? So end of 2022.) Of course in
doing that you likely argue even higher levels as a consequence. - You look at price action being much more symmetrical over the past 7 years or so (while still huge numbers) forming
what looks like a very well defined channel giving us an up move of similar timeframe to the last rally. Such an argument
would suggest that this move could potentially peak in December 2021, at the high of the channel, suggesting a move as
high as $318k. Improbable though that seems it would only be a low to high rally of 102 times (the weakest rally so far in
percentage terms) at a point where the arguments in favour of Bitcoin could well be at their most persuasive ever.
- Timeframes for the rally are getting longer (10 months, 2 years, 3 years and next 4 years? So end of 2022.) Of course in
- Time will tell if we end up seeing such lofty levels but the backdrop and the price action we are looking at clearly
suggest the potential for a major move higher nonetheless in the next 12-24 months.
I don't know about the prediction, but I like the reasoning about bitcoin put down by the guy. It is almost the reason why I am long bitcoin.
November 16, 2020, 07:10:30 AM
another day another vaccine
there's too much bloody choice in this world
in my day blah blah blah even heard of consumerism
blah blah by our own bootstraps
blah blah the price of everything and the value of nothing
there's too much bloody choice in this world
in my day blah blah blah even heard of consumerism
blah blah by our own bootstraps
blah blah the price of everything and the value of nothing
November 16, 2020, 07:09:49 AM
Blijft in uw kot! ...of gegeten worden, denk ik.
First ok after the .... or been eaten, I think. <—
Blijft in uw kot! => Old fashioned (or belgian) way of saying "Stay in your raggedy-ass house!"
November 16, 2020, 06:25:41 AM
Please do not change the roller guys color 
Orange coins matter. 
November 16, 2020, 06:12:41 AM
Blijft in uw kot! ...of gegeten worden, denk ik.
First ok after the .... or been eaten, I think. <—
November 16, 2020, 06:11:24 AM
Maggie the damn block
Blijft in uw kot!
Minister of health
Dude, that's your Minister of Health? Could they have chosen a less suitable looking Health Minister???
And congrats on the 2-0, Eng seemed to have a lot of possession but never really doing too much with it
Yeah she’s not looking to well
Aaaaand yeah, Belgium let them play along a bit....
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