Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7385. (Read 26732061 times)

where on earth is the money going to come from to go to 300000? in a few years.


this is from another post.

the argument I gave is btc can capture only a certain % of the world wealth.

it got close to .5% in 2017

I simply do not see it going past 1%  or maybe 40-60k

 Only one of those last three was a natural born US citizen... but he renounced his citizenship.  Not that a minor detail like that would stand in CSW's way.  For all we know, he may have proof that he penned the original US Constitution or failing that holds several patents on it.

I can't because Bitcoin is unpredicted

 Obviously so you can see that he's not wearing a mask. 
I hope the 3 perps were socially distancing during the alleged hacking.

If they (Fitch) try, they might be immediately raided by three letter agencies, which will seek to find some potential impropriety.
The only way the downgrade might happen if all 3 companies (Moody's, S&P's and Fitch) do it simultaneously, and even then it is a stretch.
Check out what happened before:
https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades

If you guarantee the outcome, I can trade it 

Not if we all hold btc and move to a more sensible standard.

I've been to Maui...nice.
Interestingly, although RE prices are high, RE taxes are low (just 0.27%), so not much cash outlay after you buy.
Buy a couple, rent out the second unit...i have seen some people doing just that.
Weather is great, but sun shine is really getting to you, hence lots of 'leather skin' phenomenon.
Overall, a paradise, of course.

If you are not actively figuring out the Maui logistics, then it is going to be quite difficult to relocate there.

A lot of people rent before they buy, so a few recognizance trips (maybe two weeks at a time) might be in order as preliminary steps.. might even cause you to decide a different location.. perhaps?


I will let this portion of our back and forth exchange rest for now, and I do agree with you that there are pretty decent odds that some BTC shorters are going to get R33kt when they believe that they have employed enough capital to keep bitcoin in a certain "range."  They may not necessarily disclose the extent of their losses, but it is still likely that we will end up finding out about it, perhaps later.

Dollar shitshow incoming:


A downgrade for the US would be catastrophic. It’s the end for the USD as world currency? 49 years since last default? Not bad...

Hawaii is my moonshot destination. It's quite expensive, as you know. Also, I think I'd prefer the big island over Maui. Large pieces of land are still available relatively inexpensively there. Also, the island is larger, with a slightly  larger variety of scenery. Maui is pretty incredible though - maybe the most beautiful place on earth.

I am not sure I understand your question.  But I am most certainly bullish on bitcoin.  Very bullish.  And I believe that one of the next big moves will be very violent and leave many people behind... stunned in a cloud of dust... holding their fork and knife as the reality kicks in that dinner is already 20 miles away.


I relish the thought of the really big shorts being called.  Leveraged to the hilt.  And their accounts drained to the very bottom by the avalanche that is the biggest financial event that has happened in the history of man.  I wish no individual ill will, really.  But a time will come that Bitcoin leaves many on the sidelines.

It could be soon.  Or maybe not?

I have my popcorn.

Oh?  No resistance expected in the $17,250 price arena?


Could be.

i am not sure if retail is going to be driving this market, at least the first part of it... sure it is possible.. and also there seems to be quite a bit of institutional money coming in, too.

Difficult to know the cause(s) exactly, anyhow.. so I am willing to hold this question for a while without necessarily rushing into an answer.


Fair enough on that point.

Yeah... *sigh* in all reality it does not matter if bitcoin were to jump up to 10MM/per overnight.  I am slow and it would take some time for me to figure out how to get my sweet little up-country chalet (truly picturing a Hawaiian chalet).  I might just remain in my rickety old house that I have lived in for a couple decades now...  So much work moving to Hawaii...  Again. I am a simple man, and don't need much.  But the whiskey I would be drinking on my porch would be a few notches better.

From @filbfilb and Pullback coming ?

Or in the "close to someone in the more susceptible category" category.

What I've heard, and it made sense, is that wearing a mask helps 80% to keep the virus in (not infecting other people), but only like 20% to keep it out (not infecting oneself).

EDIT - Jimbo beat me to it!

Fair enough.  I was not trying to stalk you regarding your lil visit, but I was still wondering if you were anticipating such visit in the next couple of years, or if you needed to add another 4 years to that, which would be 2025/26-ish.

Of course, you would need some time to make various transactions whether it is purchasing or buiilding arrangements before you would be likely to invite anyone over to your pad.


Seems like ongoingly decent upwards price pressures to me, but hey, we already know that sometimes momentum can change at a drop of a hat, so I would not be surprised either way... probably I put the odds of continuing up to be slightly greater than NOT.. but hey, I am in one of those 50/50-ish appraisals, currently.


Fair enough if I might be over-reading what seems to be either pessimism or conservatism... and each of us are within some kind of spectrum in terms of these principles, anyhow.  As I had mentioned before, I am largely intending to respond to the various ideas that you present rather than specifically trying to analyze your particulars...


"Eventually" is a pretty vague framework. You likely realize that I am using various currently seemingly valid BTC price prediction models as for my framework, anyhow.. it is not like I have unique ideas in the BTC price prediction direction, except just kind of rambling on about my attempted interpretation of such and maybe to tweak probabilities here and there along the way in such manners that may well differ from other peeps who have a differing view of the assignment of probabilities matter or maybe differ in the timeframe matter.

So, sure in that regard, you might even call me more pessimistic than you cAPSLOCK (and therefore implicitly less bullish than micdude, but even micdude will appreciate that there are no guarantees in BTClandia regarding 100xing your money in a few years), because I take many of the longer term BTC price predictions with a decently large grain of salt.. and generally\, like, I said, I am penciling 6% per year BTC price appreciation, and anything beyond 6% per year is icing on the cake.. .. but I don't start putting in my orders for hookers, lambos and blow until after the BTC price has already gone up, rather than based on some kind of future fantastical BTC price that may or may not happen, in spite of the various seemingly ongoingly credible BTC price prediction models.


You are a bit ridiculous and hilarious at the same time, cAPSLOCK.

Why would it matter that you make some bullish statements here and there?  And, then proclaim that such bullish statements (because you deeply and sincerely believe them) cause you to NOT be pessimistic.



 

Done. The Scottish Highlands await you and your wife.  One day.....

Interestingly, not that many "friends" coming out of the word work yet. It hasn't really hit mainstream news. Once we get closer to ATH im sure interest will pick up again. Until then a slow march up would be great.

Got you covered LFC.
I lolled too.