Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7313. (Read 26720873 times)

Another day, another pump and a new AYH set at $11763.10, which is 3%-ish higher than yestarday's $11 457. This is a very good sign, especially for a weekend day. Do you guys remember the ramblings of many newbies here and on reddit, twitter, etc. that the halving was priced in? Since then the price went from 6-7K to $11 700! I can't think of a better proof how wrong were all those unfamiliar with the Bitcoin basics (aka n00bs). The good thing is that more and more average joes are starting to believe in predictions like 50K, 100K, etc. And if most people are acting according to this expectation, i.e. hold patiently, then some of those bold  predictions will became true... or all of it?

Yes it.  Of course it didn’t look like it was matching last month.  


I’ve been gardening, cycling, cooking and drinking.  Life is good man.  


Good to see you too LFC.

There are billionaires who own BTC, but are there billionaires thanks to BTC ? I don't mean owning enough BTC to be a billionaire, because that is being a 100thousander in BTC, I mean having sold/traded/invested enough BTC into $ priced assets and companies to be a billionaire, starting with nothing but BTC ?

Looks like another leg up to $13,000 is within the realm of possibility by the first week of August:



Momentum doesn't seem to be slowing down at all. Most momentum indicators remain bullish at least in the short term. This party is far from over boys.

The crypto fear and greed index is still holding strong at 75 (Just inches away from its highest value this year).



Several other high-quality assets including Litecoin (LTC), Zcash (ZEC), and Ethereum (ETH) are also experiencing some off-side momentum. I expect we'll see a reshuffling of the top 10 as undervalued altcoins make their plays.

Of course, nothing will even approach Bitcoin, which I expect will continue to lead the market in terms of growth.

https://twitter.com/whale_alert/status/1289505045520609280


https://twitter.com/whale_alert/status/1289503347393753088


https://twitter.com/whale_alert/status/1289500814579441667

Yeah, 11,700 was nice to see today. Wonder what will happen next....

breakout in 10.... 9... 8...

Here's my RPi 4 8gb running full node, lnd, ntp server with GPS, environmental monitor + case and ssd temp probes, and samurai whirlpool, which actually I don't use. Might throw electrum server on there too.


Edit: Why image no work? https://i.imgur.com/0GPFRv6.jpg

Also, yes, i put the GPS module is a battery case... all I had!

Pfiou didn't expect so much upside. I had an order at 10K€ on Kraken that was touched but not executed, many must have had an order there for years, mine is only a few months old. I still can see it gone today.

Nothing too exciting though, just another step on the ladder.

Yes HM, good to see you. Looks like we’re perfectly on track, happy days.

@podyx: there is a measly 150 btc sell wall on € stamp at €10k

was eaten to 139 and now back to 150.

it does not seem a big barrier this time around. let's see.  

prolly typo for MtGox

Never heard of it.

Do they trade bitcoin there?

Something seems too good to be true about how closely those fractals overlap.  They are scaled properly, I hope?


Is that where you have been Hairy butt?

locked up?

it appears that - once again - if we could close at this level the weekly candle on Sunday, only 6 weekly candles ever closed higher. all of those were in late 2017. almost three years.

if it plays out and we get another ath in 2020 or 2021 it would have been in pace the 4 year cycle. it has been said that no bear cycle is like another and this seems true.

2013 - 2016 was more depressive in the way it was an ultra long grind down with no hope.
2017 - 2020 was more volatile and those ups and downs also took their toll.

6 out of more than 500 weekly candles.  

cheers & enjoy the day.

 

We are not really competing in the kinds of ways that you make out to be.  Bitcoin does not give any shits about these kinds of concerns that you seem to be outlining in terms of who has the BIGGER guns.

Value will gravitate into bitcoin over time because it is the most sound of money, and perhaps your attempt at focusing on which players might have more coins or value is going to all readjust itself in the coming 5-20 years, and the early signs have already shown itself with some considerable redistribution of wealth in the bitcoin direction...and surely, nothing BIG or even grand enough to write home about because we are still in very early bitcoin days with likely currently less than 1% of world-wide adoption, and even any kind of adoption that has gone into bitcoin is amongst certain kinds of techie folks - and maybe a few other variable outliers who had recognized the sound money angle early on.

Even had said all of that regarding bitcoin's immaturity, each bull run brings a new wave, new HODLers studying the space and contributing to its mindspace and a kind of contagiousness that spreads and spreads and spreads.



 

I think that you have a bit of perverted ideas about both how bitcoin's wealth is distributed or even the various multiplicity of incentives that bitcoin contributes to its own space along with a likelihood that even bitcoin causes traditional monetary systems to become more honest because there is a pretty damned strong sound money system out there in bitcoin, even if bitcoin is relatively quite small compared to various other traditional value systems, but value is going to continue to flow into bitcoin, and little by little by little bitcoin is going to take over more and more of the value space, even though it currently appears as a kind of blip on the radar... maybe slightly BIGGER than a blip, but seemingly tiny and unimportant at the current time.

- like a virus with exponential growth.. yeah it does not seem BIG ,... no it is doubling on a regular basis, but still seems small as fuck, but it is still doubling until all of a sudden, it starts to seem BIG AS FUCK.


 

No they won't.

Sure, they will try.

As bitcoin grows, it becomes harder and harder to manipulate.  Yeah, sure, there is always going to be some level of manipulation success, and we have historically seen that where various bearwhales hold bitcoin's price down for as low and for as long as they can, and then all of a sudden the fucking price explodes outside of their control.

Has happened before, and it is very likely to happen again.

Sure, you believe that they are going to be able to stop it at $50-$60k-ish, and maybe this time they will get lucky and they will be able to stop it at those price levels, but I doubt it.  I personally doubt it, but what the fuck do I know?  I am just saying that the models show that this kind of thing has happened over and over and over in bitcoinlandia, and sure maybe this time, they will be able to hold kingdaddy back, but I surely have my doubts and we are going to have to see what actually happens.  Hopefully, you do not sell too much too soon based on such theory of yours, phillip.



 

Your example is coming off as almost looney, phillp.

Maybe I am going to regret saying that you are nicer than me, but still.

You seem to be making up some kind of pie in the sky looney scenario about made up groups purportedly competing with each other, and none of these kinds of fantasy dynamics are happening in bitcoin, except in your head.

No matter if you already have a lot of bitcoin, such as the 10,000 plus club, the 1,000 plus club, the 500 plus club, the 100 plus club, the 50 plus club, the 10 plus club or some smaller variation of smaller potato BTC HODLers, you have all kinds of variations of wealth in the fiat world too, and some of the very wealthy in the fiat world, do not need to have any bitcoin at all and they are capable of joining any of those clubs - after starting from zero BTC.  Sure, they might not go from zero BTC to all of a sudden joining one of the higher club levels, but before bitcoin pumps, they are more than free to enter bitcoin, and bitcoin is liquid enough that they could do it,, if they were to want to.

This is not a game of just those who have coins, but also various levels of wealth are held by individuals, institutions and governments, and sure it is not very likely that some of the current no coiners are going to jump straight into bitcoin, but a lot of current no coiners happen to be pre-coiners, but they might not currently know it, whether we are referring to individuals, institutions, governments or some combination of those future entrants into bitcoin.


 

I doubt that there is any "they" that really has much if any choice about this.  The bitcoin cat is already out of the bitcoin bag, and sure some bitcoin holders are going to try to play with bitcoin, but as bitcoin grows it will become more and more difficult to manipulate - even now there are limits to manipulation, in spite of the seemingly pie in the sky scenario that you present, phillip.

 

You do not seem to know much, phillip, but you are surely entitled to having your theory and investing in accordance with such theory.  Hopefully, you do not sell too much of your BTC too soon based on such a seemingly "out there" theory.

 

These are all factors, but bitcoin is not controlled only by those three factors.   Much more goes into the extent to which bitcoin continues to serve as a value gravity pull than those three factors.


 

You are likely NOT correct, but we will see, phillip.  Your theory is possible, but seemingly unlikely to play out how you expect, from my own limited perspective.

 

Of course, currently, there are likely not too many billionnaires that are invested into bitcoin, and even the billionnaires that might be in bitcoin likely only hold a portion of their wealth in bitcoin.

I am not going to deny that redistribution of wealth might NOT end up turning out something like, you are describing, but still at any point in time, any of those fucktwat billionnaires can reconsider his/her investment allocations and they can decide to take a minimal or a large allocation in bitcoin.  So, of course, while BTC prices are lower, billionaires have all kinds of options.

No need to feel sorry for no coiner billionnaires, they will even have options to join bitcoin later, after we have a few more exponential runs.

Sure, they might have lost some opportunities to make more money, but so fucking what?  That is what redistribution of wealth looks like, and those who see where the puck is going are going to do much better than those who are skating where the puck has been.  This is not an all or nothing scenario, and so there are going to be all kinds of variations in how many billionnaires end up getting into bitcoin, and at what point of time that they get in, and they are not gong to be excluded from getting into bitcoin, even if it might cost them more to get in at a later date.  

 

There are a lot of scenarios in which there could be a crazy jump in BTC price, so good thing that you are HODLing rather than acting upon your seemingly weak assessment of how wealth redistribution is likely to play out in the coming years.


In the past, there have been various threads on the topic of coin/wealth distribution, and I did a quick perusal through my BTCTalk thread watchlist, and I found the below ones that might be kind of on such topic.  

The below-linked threads have not been updated recently, so there might be some better or more recent ones, too.

1) Distribution of bitcoin wealth by owner

2) I am pretty confident we are the new wealthy elite, gentlemen.

3)  Who are the richest Bitcoin users and how much do they own?

4) Do you think Institutions secretly HODL Bitcoin?


Hahahahahaha

Maybe that was what I was trying to say?  but you said it more tersely, cAPSLOCK.   

Boring Eid for me and my GF as well. She's missing home and me homemade Biryani.

Meanwhile I can't get this straight, small weddings are allowed but facials are still banned. What sort of wedding night do these monsters propose?