Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9172. (Read 26715635 times)

Anybody who says they know is lying. Nobody knows.

In 2017, Bitcoin went up

In 2018, Bitcoin went down

Now the multi million dollar question: Where does bitcoin goes in the last quarter 2019 ?

https://twitter.com/rey_chantelle/status/1186455189252784128er
https://drive.google.com/file/d/0B8tkreGApUC1OWowUlNSYUZ5S0JJdl8xRGdNWDVJREd4Y1BZ/view
eh

Happy Hodling

If they don't care about decentralization, they simply will not use bitcoin. However, the people will choose what they want to use, not governments. They can try to force it, but you know how that will turn out.

Too bad, I will invest my money elsewhere. Perfectly open to x100 leverage long BTC if I can find a few counter points to defend $150 bn market value.

@alistairmilne
Gold is pretty, shiny, etc. but you can't send it anywhere in the world within minutes as you can with Bitcoin.

.... this is why I Bitcoin. No borders. No limits. No permission. No trust.

https://twitter.com/alistairmilne/status/1186544152122707969?s=21

Don’t @ me r0ach

https://twitter.com/trylolli/status/1186657981418659841?s=21

@trylolli
bank of america is down

BITCOIN (aka BANK OF THE WORLD) NEVER GOES DOWN

Nobody here is required to challenge your worldview there buddy.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry"

Construct an argument.


Only Bitcoin, Ethereum and those old generation coins.

Sept-Oct-Nov season in

2019
2018
2017

Easy ignore.

Can yoy please fuck off to the ethereum sub or whatever the fuck you came from please?

It's benefits are multi fold but programmable currency is a game changer when paired with computing power. There is incentive to keep such tech regulated.

World industry has expressed significant interest in blockchain technology have they not? I think they are incentivized regardless of decentralized aspects, frankly, I don't think they care at all about decentralization, quite the contrary.

Establishment migration to blockchain is further incentivized by eroding confidence in fiat.

Fiat collapse is a non issue once it occurrs, because the world is already migrated by then.

So it is a false hope to rely on fiat erosion for decentralized crypto to gain alot of value. It could be an industry for the new underclass, whereas elite is on censorship enabled platforms.

Index platforms like waves, stellar, nexus may be able to capture share of new merchant businesses, but probably not established fortune 500's. This is not Bitcoins space at all, closest thing is XCP and it's just so dysfunctional, I used it in 2017 with Marquise $Museum.

What benefits does blockchain provide once you have removed the decentralization and censorship resistance?

In the cases you describe the private organizations would be better off using a more robust and efficient conventional database.  Blockchain is big, slow and clunky.  There is little reason for companies to adopt it if you take away the reason it is valuable in the first place.

There is a major paradigm shift i n the making.  It's confusing to try to predict how it will unfold.  But I am not sure I can see your scenario really working.

I am sorry to state the obvious, this but at this point it is evident that world stock indexes and big business will clone high capacity chains like Waves to migrate old world means of production in a regulated censorship enabled environment.

Merchants are bound to the land owned by governments and they cannot physically resist high level decision making because profit is tied to machines of production that are land locked.

It is a bad outcome for this decentralized space as far as merchant onramping but some alts may be able to capture market share and grow by mimicing stock indexes in a decentralized format.

My point here is that Merchants will of course want to launch branded cryptos with high capacity inorder to extract added value of blockchain technology but it is probable that a vast majority of extant resources will be migrated to government controlled indexes like Nasdaq, Nikkei, etc, using custom platforms.

I think Bitcoin and many top coins will find competition difficult against establishment. I think Bitcoin is vastly overvalued.

I also think that in 5 years from now, Google, Darpa or Boston Dynamics will have paired autonomous robots with an AGI powered chain using concept of Ethereums original design. I could be a boon to society much more impactful than industrial revolution.

Onramping mainstream userbase will have little price impact, real wealth is in top 1% of economy as everyone knows, because they own the means of production.

Decentralized space excluding top 5 since it is not decentralized, maybe will become the peoples economy. It is a class division of the world.

Bitcoin is already owned by the old establishment so using it for decentralized and libertarian reasons is a bit redundant. It's a good vehicle of gambling and speculation, so enjoy your continued debate, I think it is looking at -90% market cap reduction to be more inline with top alts.

Because I just don't see how capital flight into crypto from fortune 500 can be realized because of the land locked means of production and not to mention logistics industry which is controlled by militara through nation borders and customs.

Although some already call it digital gold.



Plan₿

Big moves are coming, buckle up!


https://www.bloomberg.com/news/articles/2019-10-16/fed-drags-feet-as-digital-money-revolution-tests-central-banks

Opera Becomes First Major Browser to Enable Direct Bitcoin Payments

You actually think this will happen? These are insane amounts of money. Shows more like how hard it will be for Bitcoin to take the next 10x to me. (If Market Cap isnt fake)

I doubt that either of us are going to assert that any scenario is impossible, the various scenarios just become a matter of probability and also the extent to which we see the rise from $4,200 to $13,880 as a kind of failure to break out or as a break out that just needs some time to consolidate before moving further up.  Even though, to me, you seem more inclined to recognize some kind of failure to break out, I consider the matter to be a kind of unexpected equity cushion that has been created, and likely some difficulties to return all the way back to $4,200 break out point which is a kind of relief in my thinking to have so much cushion between our current price and the $4,200 and below territory in which we were floating prior to April 1.  

Yeah, we can talk about preferences that bitcoin would have moved more slowly and gradually up to $8k, like you said, but that is way too fucking boring for bitcoin.  She does not work like that.  She works, partly, by engaging in exaggerated price moves that no one expected, and she does it because she can.  And, for that reason, no one really has any meaningful ability to predict what she is going to do next, except for knowing that if we have enough capital, then we can attempt to push her beyond expectations (and perhaps that does not always work, but some whales are going to make some efforts in that direction and try to see if they can get their momentum to stick and to either make a profit on the way up or make a profit on the way down).

Probably you and I are not saying anything too much different from each other, except that you seem to want to emphasize down, and I continue to want to remain hopeful about any up that might occur.  Each of us believes that we are more correct than the other in how we describe bitcoin price dynamics, and in the end, we are saying very similar things with somewhat disparate emphases.


I agree.  Fuck the charts, unless they say something that I like.