Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7255.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: xhomerx10 on August 21, 2020, 11:07:16 AM

It predicts a price approaching infinity.
Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin. I'm hodling until ∞-1 Wink

*No no limits, we'll reach for the sky
No valley to deep, no mountain to high
No no limits, won't give up the fight
We do what we want and we do it with pride
Let me hear you say "yeah!"

No no, no no no no, no no no no
No no there's no limit!
No no, no no no no, no no no no
No no there's no limit!

*No Limit lyrics © Decos Publishing

It is certainly approaching infinity now... but after the last fraction of a BTC is mined in how ever many years the flow becomes 0 and the stock will be 20999xxx.

Divide by zero error.

That's only ever happened with certain collectibles... Mona Lisas... Certain baseball cards, etc. It's NEVER happened with something that is a money.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jbreher on August 21, 2020, 01:34:01 AM

Quote from: yefi on August 20, 2020, 08:28:32 PM

Quote from: BobLawblaw on August 20, 2020, 08:45:18 AM

Shit is getting out of hand. Was just about to post this.

It's a chain swap as JL0 pointed out, so no new tether were effectively minted. They're just rearranging their ~~furniture~~ deck chairs.

^^^ FTFY

What a pessimistic picnic bear...

Did not realize that you are a Tether FUDster, too. Shocked

The picnic bear wears many hats!!!!!!!! Tongue

Quote from: Phil_S on August 21, 2020, 02:03:02 AM

'2x per year' lines update (vs 7-day average):

Oh my!!!!!!

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Last of the V8s on August 21, 2020, 10:14:15 AM

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Quote

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up. In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong. Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

This is one of the more interesting pieces on this sort of topic I have seen.

It may be a confirmation bias sort of thing, but I have always comforted myself that Bitcoin is yet another thing that people 20 years after it's introduction will be saying, "I can't believe I never invested in it". Even as big a deal as we, the choir, think Bitcoin is nothing like this is ever obvious to the masses, even the smart ones at first.

We are still... at first.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: cAPSLOCK on August 21, 2020, 09:35:41 AM

Quote from: BobLawblaw on August 21, 2020, 09:15:12 AM

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin. All of this seems inevitable to me.

That said, I have always been skeptical of the model. For no good reason though. Really just because it fits too damn well, lol. And ultimately it HAS to fail. Because it predicts a price of $∞. Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS. Lol.

It predicts a price approaching infinity.
Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin. I'm hodling until ∞-1 Wink

*No no limits, we'll reach for the sky
No valley to deep, no mountain to high
No no limits, won't give up the fight
We do what we want and we do it with pride
Let me hear you say "yeah!"

No no, no no no no, no no no no
No no there's no limit!
No no, no no no no, no no no no
No no there's no limit!

*No Limit lyrics © Decos Publishing

Biodom

legendary

Activity: 4004

Merit: 4656

Quote from: Last of the V8s on August 21, 2020, 10:14:15 AM

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Quote

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up. In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong. Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

interesting analysis...I don't even care to proselytize anymore (after trying and failing).
It would happen 'automatically', most likely.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

Quote

Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up. In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong. Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: d_eddie on August 21, 2020, 10:00:02 AM

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? Tongue

In extraordinary comfort.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: cAPSLOCK on August 21, 2020, 09:35:41 AM

Quote from: BobLawblaw on August 21, 2020, 09:15:12 AM

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin. All of this seems inevitable to me.

That said, I have always been skeptical of the model. For no good reason though. Really just because it fits too damn well, lol. And ultimately it HAS to fail. Because it predicts a price of $∞. Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS. Lol.

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? Tongue

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: BobLawblaw on August 21, 2020, 09:15:12 AM

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin. All of this seems inevitable to me.

That said, I have always been skeptical of the model. For no good reason though. Really just because it fits too damn well, lol. And ultimately it HAS to fail. Because it predicts a price of $∞. Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS. Lol.

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Quote from: d_eddie on August 21, 2020, 09:17:19 AM

Quote from: BobLawblaw on August 21, 2020, 09:15:12 AM

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

Yeah me too. Feels like ~$10500 or so will be the bottom if we do slip more here, but hey, lowball bids ready too for some high volume dump flash crash action. Mmm I love me some Bitcorn coaster Cheesy

JL0

full member

Activity: 817

Merit: 158

Bitcoin the Digital Gold

Quote from: BobLawblaw on August 21, 2020, 09:15:12 AM

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

There is CME gap at $9600 maybe we'll fill that.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: BobLawblaw on August 21, 2020, 09:15:12 AM

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: soullyG on August 21, 2020, 08:58:52 AM

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: bitcoinPsycho on August 21, 2020, 09:04:32 AM

Quote from: AlcoHoDL on August 21, 2020, 09:02:04 AM

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

So very true but its an obsession I have to admit

as someone already noted its much more fun to read the WO 1st and then guess the price. then check your favorite exchange and see what the real number is.

after all if you know the price before reading the WO its like hearing about the score of the football (ok soccer or whatever ) score before watching the game.

sorry for offending the (american) football vs the rest of the worlds football thing crowd. well, not really heh. not really a fan of either. now, hockey.. yeah, it has dedicated fighters whos only purpose is to to take opposing players out.. now thats a game.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Just for the LULZ.

https://youtu.be/GI7sBsBHdCk

Has been posted before, but hey, still funny!

Money printer go brrrrrrrrrr...!

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: AlcoHoDL on August 21, 2020, 09:02:04 AM

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

So very true but its an obsession I have to admit

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Setting lowball bids at $9699

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: BobLawblaw on August 21, 2020, 07:12:02 AM

Number going down.

Or poised to go up

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Hueristic on August 21, 2020, 12:00:44 AM

Quote from: cAPSLOCK on August 20, 2020, 08:42:41 PM

Quote from: yefi on August 20, 2020, 08:28:32 PM

Quote from: BobLawblaw on August 20, 2020, 08:45:18 AM

Shit is getting out of hand. Was just about to post this.

It's a chain swap as JL0 pointed out, so no new tether were effectively minted. They're just rearranging their furniture.

It's actually good(bad) for ETH. Good as it is validating it, bad as it is going to add so much more to the centralization of it.

I seriously wonder why they don't use Liquid USDT. SUCH a better design.

Not centralized enough. Cheesy

That's actually an interesting point.

Liquid is a Federated trust model. Very much centralized. And openly. Ethereum is a "decentralized world computer (code is law)" that is probably about as "decentralized" as liquid, except no one is actually sure who is controlling it.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7255. (Read 26726182 times)