Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6961. (Read 26711605 times)

Sunday's incomplete
on this Wall of ours without
a rash of haiku:

Twitter is bullish,
the chartists see a fractal,
companies stock up.

"I've held long enough,
I want a house and a car,
Sir please, when is moon?"

My gif folder bulges
with rockets, trains and, oddly,
violin pictures.

They predict a bull
from now till end of next year,
with minor pullbacks -

the regulators
want a slice of our damn pie;
hackers too no doubt;

Lightning's there but
not quite ready for mainstream;
elections threaten -

Not all plain sailing.
Still, up, mostly up, and more up.
Then ... back down again?

A perfect Haiku...

Sunday's incomplete
on this Wall of ours without
a rash of haiku:

Twitter is bullish,
the chartists see a fractal,
companies stock up.

"I've held long enough,
I want a house and a car,
Sir please, when is moon?"

My gif folder bulges
with rockets, trains and, oddly,
violin pictures.

They predict a bull
from now till end of next year,
with minor pullbacks -

the regulators
want a slice of our damn pie;
hackers too no doubt;

Lightning's there but
not quite ready for mainstream;
elections threaten -

Not all plain sailing.
Still, up, mostly up, and more up.
Then ... back down again?

So here's a map of Belgium.
The 1st map are the infections of #COVID19 cases per 100 000 in the last 14 days.
The 2nd map is a map of different languages spoken in Belgium.
🤔

https://twitter.com/whalepanda/status/1315189715956568064?s=21

This has been my №1 chart since you've posted it first here. We may notice that the lower line corresponds to a 2x price increase per year if we round the price to 50$ at the start of 2013. That is an exponential growth 50x2^t, where t is the number of years since 2014. The remarkable thing is that for 7 years Bitcoin has kept hitting these numbers on the way down after several extra exponential growths related to the halvings. And now Bitcoin is even above the line unlike 2015 and most of 2016. This is a strong sign that the exponential growth will continue at least in the next 2-3 years. We can't be sure if 2021 will have that extra growth, but the longer we stay close to the lower line, the better. Sooner or later Bitcoin will touch and may pass through the upper line for a period.

With that regard, what software/site do you use for that chart? I would like to make my own chart with years up to 2025.  In my opinion the lower line is very close to the real price of bitcoin, since it reflects the increasing demand (new accounts added to exchanges, etc.) vs selling pressure on exchanges. For the latter one can judge from the total exchange ballance, which has decreased from 2.8 mil to 2.4 mil in the last 6 months. We can easily find the line equation for each year so that for each day or month the price point is found. Something like y=(x/3)*1600+6400. For example at the end of August (x=8), the price for the bottom line is y~$10 666. We are over 10% above that, so all is good!

Here's an "educational" style to chart to look at the measured move of the symmetrical triangle. The targets are either $9K or $12K.

No country or international body in the world today challenges PRC claims to sovereignty over any of its contiguous territory, and the international community subscribes to various “one China” work-around phrasings to avoid precisely defining the relationship between Taiwan and the PRC. I don’t suggest politicians should revise these practical political positions. They are not based on ancient historical sovereignty, however. So historians should write it as we see it.

Such a new paradigm might seem too political. It might well make authors and publishers nervous. It certainly fits the definition of “historical nihilism” by which the CCP’s infamous “Document Number Nine” anathematizes non-Party-approved historiography.

But it is just as political to ignore the political and cultural diversity of today’s China. By parroting for generations the euphemistic terminology, historiographic exceptionalism, and cartographic legerdemain that obscures its colonial past, we tacitly accept the PRC’s assimilationism and expansive claims. Rather than talking about “making modern China” as fait accompli, we might recognize that it has been and is still being militarily and ideologically constructed, and that construction in the hands of the CCP party-state entails cultural and physical violence to millions of non-Chinese as well as Chinese people.

This has been my №1 chart since you've posted it first here. We may notice that the lower line corresponds to a 2x price increase per year if we round the price to 50$ at the start of 2013. That is an exponential growth 50x2^t, where t is the number of years since 2014. The remarkable thing is that for 7 years Bitcoin has kept hitting these numbers on the way down after several extra exponential growths related to the halvings. And now Bitcoin is even above the line unlike 2015 and most of 2016. This is a strong sign that the exponential growth will continue at least in the next 2-3 years. We can't be sure if 2021 will have that extra growth, but the longer we stay close to the lower line, the better. Sooner or later Bitcoin will touch and may pass through the upper line for a period.

With that regard, what software/site do you use for that chart? I would like to make my own chart with years up to 2025.  In my opinion the lower line is very close to the real price of bitcoin, since it reflects the increasing demand (new accounts added to exchanges, etc.) vs selling pressure on exchanges. For the latter one can judge from the total exchange ballance, which has decreased from 2.8 mil to 2.4 mil in the last 6 months. We can easily find the line equation for each year so that for each day or month the price point is found. Something like y=(x/3)*1600+6400. For example at the end of August (x=8), the price for the bottom line is y~$10 666. We are over 10% above that, so all is good!

What's your prediction For BTCitcoin by December?

- over $12500
- over $13500
- over $15000

Me like- No one knows, end of story!