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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8385. (Read 26713440 times)

hero member
Activity: 994
Merit: 707
"Some Bitcoin promoters are deliberately misrepresenting my concession that anyone who bought Bitcoin 10 years ago and sells now will make money as an endorsement of buying #Bitcoin today. It is not. Those who buy today and sell 10 years from now will likely do so at a loss."

https://twitter.com/PeterSchiff/status/1229742185651851266

LOL, I wonder what he will say as the years go by and he gets proven wrong over and over, just like for the last 6 or 7.

So far, history has shown that bitcoin has always been higher at any point 4 years after purchase, and of course, at some point that might no longer be true.  There is also the problematic nature that an investment, such as bitcoin that starts from zero is going to have pretty steep performance once it gets a value that is much above zero... So for example, maybe we could start measuring bitcoin's value in 2011, and bitcoin was valued in about a $2 to $7 price range for a large portion of 2011.  Seems like a decently fair starting point to start measuring bitcoin's advancement from there.

Also, we know that no investment is guaranteed, but bitcoin still seems to show pretty strong signs of continuing to be a good investment, even looking at a 10 to 20 year time horizon into the future.. and one thing about being a free-willed individual, we are empowered to change our minds or our investment strategies at any time that we chose, but those people who have invested into bitcoin and have held their bitcoin for longer periods have tended to do well with their bitcoin investments (so far), and even though there is no guarantees about future performance based on past performance, the current evidence still seems to support bitcoin as an investment, at least as a way to hedge 1% to 10% of investment assets and currently, there is no real evidence to suggest that anything is changing in regards to the ongoing investment thesis into bitcoin, except perhaps becoming stronger and stronger and stronger with the passage of time in a kind of Lindy effect kind of way.   

Like Lambie bambie asserts, seems like Peter is going to just continue to be wrong and wrong and wrong, but stubborn as Peter is, he is NOT likely to give up with his nonsense, even if he is shown to be a fool in the next 10 years.


Enough with this 1 to 10 percent.  Roll Eyes 10 percent should be the minimum a coiner invests in King Bitcoin.  Cheesy Also long term winning for Bitcoin is guaranteed as long as humanity doesnt go extinct. Incorrect usage of my name will result in more GayJaunGee branding as well.  
legendary
Activity: 3620
Merit: 4813
- Death toll passes 2,000 with 72528 cases worldwide.

- First confirmed case of coronavirus in Napa County.

- Russia will close its border to Chinese citizens from Feb. 20.

- logistics problems in China due to the Coronavirus has affected the supply of clothes and shoes to Russia.

- Washington State monitoring 712 people for Coronavirus symptoms.

- Global oil demand set to drop first time in decade on virus.

- South Korea announces emergency steps to prepare for outbreak announces 15 new cases.

- Death rate from Covid-19 is 2.67%. The virus is up to 20 times more deadly than the seasonal flu.

- New Zealand Post halts mail to and from China.

- Beijing’s leading medical adviser has warned that human-to-human transmission of Covid-19 has still not been stopped in Wuhan.

- A second person has died from Covid-19 in Hong Kong.

- The world could face a shortage of antibiotics if the pharmaceutical industry's supply problems posed by the coronavirus outbreak in China cannot soon be resolved.

- About 500 people are allowed to leave the Diamond Princess cruise ship in Japan. 542 people infected.

- China's home prices dropped with 25%, oil demand also dropping.

- Nanjing, a major city in Jiangsu province, will ease restrictions after 2 days with no new cases of coronavirus. People will return to work, public places are reopening, and public transportation will resume. Translation:
  China's economy is tanking, CCP officials desperate to save the economy.

- Containers of frozen pork, chicken, and beef from South America, Europe, and the US are piling up at Chinese ports.

- Farmers in China throwing away crops amid Coronavirus outbreak due to it causing a huge impact on there economy.

- Kraft Heinz, PepsiCo, Renault, Peugeot, Volkswagen, BMW, Jaguar Land Rover factories in China remained closed. Hyundai has shut its huge factory in Ulsan, South Korea, for lack of parts while Nissan has already paused
  production lines at its Japanese plants.

- A statistical analysis of China’s data shows a near-perfect prediction model that data analysts say isn’t likely to naturally occur.



(suspected cases dropping due of manipulated numbers by the CCP.)


legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Imagine selling some or all of your stash at the very beginning of a bull run.



Like i did 2017. But i bought back in only days later (18% loss in fiat equivalent). Lesson learned, thanks.
But yeah, this was not the very beginning of the bull run.


We still seem to be in early 2016.... so yeah, seemingly pretty early in this particular run.... there will likely be a quite a few peeps shaken, even on the way UP, even in the next year or two.. while they are contemplating that either the top has been reached or that they might be able to catch a down wave, perhaps, but perhaps not.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
No mercy for shorters. I love to take the money of those stupid people that sell bitcoins.
You have to agree that we earn only to spend there is no point in grabbing it without spending it if you need to spend.

Another way of saying that you have likely overinvested if you cannot figure out ways to mostly accumulate BTC and spend your other crappy money... hopefully, you have some of that crappy money to spend.. #greshams_law
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
I expected to see the LFC millionaire tracker this Monday at -100 BTC

Oh shit, I forgot. Give me 5 minutes!

Edit -

Delivered


Week commencing Monday 10th February 2020 - WO BTC millionaire tracker.

102.25147523315893 BTC to have $1,000,000 USD right now.



Decimal wise not as accurate as you are LFC, and still would appreciate an update from time to time, but the below website by forum member Anduck has you covered when temporarily being absent:

 https://amiabitcoinmillionaireyet.com/
sr. member
Activity: 1197
Merit: 482
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
"Some Bitcoin promoters are deliberately misrepresenting my concession that anyone who bought Bitcoin 10 years ago and sells now will make money as an endorsement of buying #Bitcoin today. It is not. Those who buy today and sell 10 years from now will likely do so at a loss."

https://twitter.com/PeterSchiff/status/1229742185651851266

LOL, I wonder what he will say as the years go by and he gets proven wrong over and over, just like for the last 6 or 7.

So far, history has shown that bitcoin has always been higher at any point 4 years after purchase, and of course, at some point that might no longer be true.  There is also the problematic nature that an investment, such as bitcoin that starts from zero is going to have pretty steep performance once it gets a value that is much above zero... So for example, maybe we could start measuring bitcoin's value in 2011, and bitcoin was valued in about a $2 to $7 price range for a large portion of 2011.  Seems like a decently fair starting point to start measuring bitcoin's advancement from there.

Also, we know that no investment is guaranteed, but bitcoin still seems to show pretty strong signs of continuing to be a good investment, even looking at a 10 to 20 year time horizon into the future.. and one thing about being a free-willed individual, we are empowered to change our minds or our investment strategies at any time that we chose, but those people who have invested into bitcoin and have held their bitcoin for longer periods have tended to do well with their bitcoin investments (so far), and even though there is no guarantees about future performance based on past performance, the current evidence still seems to support bitcoin as an investment, at least as a way to hedge 1% to 10% of investment assets and currently, there is no real evidence to suggest that anything is changing in regards to the ongoing investment thesis into bitcoin, except perhaps becoming stronger and stronger and stronger with the passage of time in a kind of Lindy effect kind of way.   

Like Lambie bambie asserts, seems like Peter is going to just continue to be wrong and wrong and wrong, but stubborn as Peter is, he is NOT likely to give up with his nonsense, even if he is shown to be a fool in the next 10 years.
legendary
Activity: 2744
Merit: 1288
Yesterday was the first day that there were less Coronavirus infected then a day before.  1800 new , 1800 recovered and over 100 dead.  It is also slowly getting clear what will be the mortality rate. It should be between 2.7% and 13.8% or all infected. So most likely close to 6%.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
https://www.youtube.com/watch?v=vtHYZkLuKcI&feature=youtu.be

... whistle blower japanese infectious diseases professors visits diamond princess and is terrified by what he sees.

I can imagine this is how this will play out in many countries where bureaucrats are in charge and many layers of incompetency have built up to stop good people fight the war. Wearing PPE for bio, chem or nuclear is not all you need, there is training and understanding required to keep the clean and dirty sides separate.
legendary
Activity: 1464
Merit: 1136
Iike this nonsense more than the previous nonsense.
Hey, I found our friend, just can't remember his name, must be something wrong with my memory Wink
But I recon this woman's with the wrong colored folk
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
You promising that, Hairy?

 Wink


Would you trust a degenerate bull hatter?  

I have my hesitancies to trust anyone on the interwebs; however, I would like to have some potential ammunition in case you happen to be wrong... That would help to make me feel moar gooder about myself.

In that case, you should definitely trust me. 

Wink

Seems to me that I got enough of an assertion from you so that I can have my cake and eat it also.

If you are correct, I will agree that you happened to be correct in your admirable conservative prudence, yet if you end up being wrong, I am surely going to be happy with that outcome, too... and even to wave wrongness in your avatar.. maybe even request that you eat your hat?

 One of the problems is that you would likely feel happy about being wrong, too.... So, I remain uncertain regarding which of us is going to come out MOAR smuggily happy in such a bizzaro "hairy wrong world"...   

Accordingly, I would anticipate you NOT complaining regarding how, by quirky chance, you had happened to have become much moar richie than expected on an even faster than expected timeline.   Lips sealed
hero member
Activity: 994
Merit: 707
I have been trying to figure out why Bears would be so reckless and short Bitcoin going into the halving at prices 50 percent less than our All Time Highs and 28 percent than our highs of the past summer.


Then I realized that Bears arent completely insane, bc they do get one perk for shorting the King rn.

 via Imgflip Meme Generator

Carry on Bears, your sacrifice is appreciated.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
hero member
Activity: 994
Merit: 707
I didn't think I would say this today, but today may have been the last day we ever see Bitcoin below $10,000.........Bitcoin is back in the uptrend, which means we just had a false breakout (downward). We see a clear rounding bottom on the 1 hour from the recent breakdown (very similar to the macro rounding bottom we saw in December)....

Within 2 days we will break $10,500 and set the first higher high since we broke $9000 last May (prior to the parabolic move from $9000 -$13,900 where it went straight up).

https://www.youtube.com/watch?v=-7jRWvdR5XQ
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Calm your tits Ladies & Gents and some LGBTQ...

Everything is still under control by the bulls.




The recently mild dump is actually a healthy dump so that BTC price will move towards on the average price range. It's good to see that the ATR of BTC was decrease to 300$ level which
indicates that volatility is decreasing and BTC price is growing organically. Keep safe in trading guys!  Wink

BTC is still in the right track! As you can see on my previous quoted chart. BTC Price Bounce back right after it hits the green trend line that I setup.

Congratulations for all successful traders out there like me Smiley

Here is the current chart and BTC looks like gonna break 10500$ this time.

legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Bleh. This is fine.
member
Activity: 256
Merit: 62
I didn't think I would say this today, but today may have been the last day we ever see Bitcoin below $10,000.........Bitcoin is back in the uptrend, which means we just had a false breakout (downward). We see a clear rounding bottom on the 1 hour from the recent breakdown (very similar to the macro rounding bottom we saw in December)....

Within 2 days we will break $10,500 and set the first higher high since we broke $9000 last May (prior to the parabolic move from $9000 -$13,900 where it went straight up).
legendary
Activity: 1722
Merit: 2213
Let's clear out this level and move on.

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