Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7108. (Read 26707024 times)

Yes, it seems fundamentally an unsquarable circle. I keep lookin' tho.

So, given stated constraints and preferences, how about a suggestion for a DEX for core:honest-stablecoin? Maybe for BTC:USDC? And actually... you know ... decentralized?

I didn't look at this as simple as that, but you quite nailed it, imho.
You can see the increasing linear spread of market cap and price figures, for example on coinmarketcap graphs.
The more BTC get's recognized as what it is, the more inflow acceleration will occur as a logical result.
But i'm uncertain how increasing inflation will influence the latter. In critical times, people tend to fall back to traditional solutions, namely gold.

EDIT:
@JJG: Don't call me bearish just because of that statement about gold  
Bitcoin should take over, imo. Only a matter when people will grasp this.

I think we’ll top out at around $150,000 in late 2021. It all depends on how much the money printing effects fiat currencies & how badly traditional assets depreciate due to covid over the next 18 months. If bitcoin is seen as some kind of safe haven & people flock to it then the top end of what fillippone posted could materialise.

I’m saying $150,000 top though (current estimate).

Two opposing forces:

• Downward pressure: bigger market caps drags price action, as more money inflow is required to move the price
• Upward pressure: every day the S2F holds, it gets stronger and stronger, so future appreciation gets discounted into price, providing a lift to prices.

It’s a battle.

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👇 👇 👇 someone send merits to this men. I am dry.

In terms of market cap, i'd disagree. And then there's that thing about scarcity.
Acceptance is the key here. Derivatives might actually help, while slowing down market cap growth in the beginning.

Surely, I am not rushing it.  I am willing to go with the flow.  You are the one who seems to be anticipating possible calamaties based on various unknowns that you seem to want to assign unduly high (relatively speaking) levels of probabilities


Good job.   One of the most potent techniques of effective argumentation is to deny first and ask questions later.


Well that's what you seemed to have been doing.

You lumped everyone else, and proclaimed that you were not part of such group.       Another "great" technique.    


O.k.  we won't call it doom and gloom anymore, we will call it self-destructive urge.  Is that better?



I am sure that there is variation, but the longer that we are in such business, the more likely that some of the BIGGER players are going to engage in more efficient practices in order to attempt to out compete the more reckless players, to the extent that they are able to profit from maximizing efficiencies through sounder business practices.


If you merely agree with me, then you are giving me nothing to argue with you about.


ditto, my above response here.


I can see that you are getting angry toxicmoxic, and I am sorry about that.  


You better reboot and come back with some better proclamations.. .Maybe hook up with torque?  He's been coming out with some doosey conspiracy wannabe theories, lately.    


TheJuice = pessimist (aka party poop)   

#thatisall

It's unlikely we will see growth the same as the past halvings. I think ~3-5x the prior ATH (so 60-100k) is a reasonable peak this time around. 

Voted $12.0k - $12.5k.
Quite some resistance to take out until even touching $12k, though.

Seems like you are merely engaging in generalizations, to me.

Individuals have all kinds of motivations, and lumping them all into some kind of amorphous group, as if they are the enemy, seems a bit lacking in understanding of what is actually going on... but hey, we are each entitled to our own opinions.


Aren't you hootie and falootie knowing about all things, including what is permissible and legal.... a self-assigned protest expert... yeah right.


My statements likely make more sense than your overgeneralizations, even though I will admit that I was merely responding to you and not really attempting to descriptively capture the whole space, as you seemed to have been attempting to do.

a now late wall report..minus the report

Just some charting against a backdrop that essentially looks fine imo. Not sure what is causing folks to feel bearish other than perhaps wanting cheap coins.
Bitcoin is trading over $11.7k..this seems fine.

#dyor
1h


4h

#stronghands

Hopium.

My body is ready:


https://twitter.com/ecoinometrics/status/1300448468377378816?s=21


Confidence bands based on past halvings.
I am happy with this slight underperformance, diminishing returns, I am ok with that.

Thanks bitebits ... and of course, i am not the only one who posts on the financial management strategies topic.  

Personally, I was not familiar with that particular guy or his podcast, and it seems as if currently, I have a bit of a podcast overload in my own life... there are more and more good podcasts, related to bitcoin.. and sure other topics, too....

Since I was able to find that same Naval podcast (and of course that particular episode) on Overcast, then I will be able to more easily add it to my cue and listen to it today or soon.^tm..  

I will report back to you (on the thread) what I think of the episode and gosh/shit I will report whether I am intending to add that podcast to my list of regular listens (like I mentioned, I am starting to tentatively speculate that I may have too many podcasts on my cue.. but sure, i will try to keep listening and prioritizing.. to the extent feasible).  

On average, I also tend to listen to podcasts at 1.75x (which also can be done on Youtube, but I still prefer overcast, for some reason), and sometimes I can speed some of the episodes up even more than 1.75x, but if they are dense with information, or I am feeling that I  am having troubles following or comprehending some of the contents, then sometimes I have to even slow down the speed to a mere 1x.. or slightly above 1x -- like 1.25x or something like that.


I speculate that bitebits is technically watching such paint dry rather than mere waiting for it to dry.   



Go figure what wall observers will do to show their dedication to the cause.   

There is no need to get all UPpity JuanSnowGee. The UPpity will come at its proper time and place.


No.

There should be no lumping what so ever...especially if I am the lumpee. I will however concede that I much prefer to be the lumper rather than the lumpee if we are going to have lumpage of the unwashed masses.



I am unsure if my statements...or theory as would have you, qualifies as something that falls into a doom and gloom scenario.



I believe this as well. If said miners tend to follow sound business practices and withhodl 3 to 6 months of operating capital for just in case, such capitulation theories become moot.


Yes.


This seems wise and I reluctantly agree.


Stronghands are not shook...ever. I thought you knew this JuanSnowGee.


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Please stand by as we run heuristics and reboot toxic2040.exe


That is all.

Pools are not the issue.

Clarity and pool ownership is more important. They are not regulated no one knows the relationship  of the top ten pools.

As for just sha 256 coins viabtc alone can 51% all the lesser  256 coins anytime they want to do it.  In fact shared algorithms for any coin invite a 51% attack. I could for days about the downsides of only ten pools holding 90% of the sha 256 .  I FEAR the hashrate being squeezed more then I do the top ten pools combined to attack a coin.

^ Finally bit the bullet and got myself some fancy Bluetooth earplugs. Can paint and listen to podcasts simultaneously!

(Jobs like house painting do not scale according to Nadal, not good to get wealthy. But it does help lowering my spending, free exercise and I find it relaxing for the brain.)  

Do you have 3.5 hours to spare becaise you are putting off painting the house, or because you are waiting for a coat of paint to dry?