Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9678. (Read 26609282 times)

US Lawmakers Are Realizing They Can’t Ban Bitcoin

https://www.forbes.com/sites/ktorpey/2019/07/30/us-lawmakers-are-realizing-they-cant-ban-bitcoin/

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Perhaps I am wrong, but I don't think that there will be a significant price appreciation speculation in bitcoin after $50-100K.

To me it looks like this:

Bitcoin price: participants

Below $100: Very early adopters, miners.

Between $100-1000: The first wave of fomo, speculators, savers, accumulators, storage of value, super early hedge funds (I am aware of just one).

Between $150-20000: Early hedge funds, hodlers from the first wave, miners, new buyers (fomoing in) which then sell for alts and eventually getting rekt

Current cycle $3100 to maybe $50K: Hodlers from the prior wave DCAing, few new buyers, more hedge funds, family offices, innovative endowments

Above 50K until 100-300K: Almost exclusively hedge funds and other institutionals. Regular people start to use it as a currency instead of trying to speculate.

Above 100K: Very large funds and hedgefunds, maybe country size funds (Norway, Oman sovereign Fund, Abu Dhabi, etc)

Above 300k: Central banks and governments.

I cannot possibly envision some individual investor speculating that btc will go from 10 tril (~0.5mil/btc) to 15 tril (0.75mil/btc).

TL;DR Soon enough (see numbers) the speculation by individuals will stop and it would be used as a currency/long term SOV.

HAHAHAHA
no

I don't think $50k will be a long stop though....  next ATH (bubble top) is going to be ~$350-450k so we could perhaps stop at around $100k and before that at $30-40k where most peeps who bought at previous ATH will cash out....    

(waiting.....)
I still haven't  (waiting.....) received any kind of concession (waiting.....)from you, infofront, regarding (waiting.....) the results of that last poll..... (waiting.....)

hahahaha.. (waiting.....)not that I need such a (waiting.....)concession for my current psychological (waiting.....) health.    (waiting.....)

[Insert (waiting.....)skeleton here]..

(waiting.....)


 
 

I thought for a long time I’d sell a high % at $50,000 but the longer I dwelled on it, it doesn’t make too much sense. I may sell 25% at $50,000 but imagine the fucking tax if you sell everything at $50,000. I think if you can hold on to a high % until after the 2024 halving the price will be mind blowing.

I don’t want to sell everything at 50k, like you said & miss out on obscene amounts if we hit something ridiculous loke 1 million per coin.

By 2024 we might see mass adoption, we could live on bitcoin relatively tax free

I wonder if this is amongst the first times that my content has been promoted.   hahahahaha

Pretty soon someone will accuse me of having had joined team mic, which of course me, myself and my bot preemptively deny. 

There may be a bit of a pause at $50k, just like there was a pause between $2k and $3k and $3k took a bit of back and forth before it broke - yet once $3k broke, then we had a bit of no return up to $20k that left a lot of those selling in the $1k to $3k territory in the dust. Some of them are still waiting for the BTC price to drop back below $3k, go figure, and maybe $50k becomes the new $3k?

Of course there are no guarantees, so in that regard, it might not hurt to shave off a little bit of profits all the way up to $50k, so long as you still have a decently sized stash - perhaps even greater than 70% by the time we reach $50k.  

Quite some time back, I already gave up on selling large portions of my BTC stash, even with dramatic price rises, and there are likely a decent number of HODLers who are in a similar position and does not really matter to them very much if the price is $20k or $200k.  In the $20k scenario they may be 95% in and in the $200k scenario they may be 85% in, but in either case they are continuing to HODL a decently large majority of their BTC stash and they are still rich with such an approach without having to feel like they need to engage in desperate measures in terms of cashing out large chunks of their BTC stash at any one time.



There are certainly some people selling at $50k, but the range is likely somewhere between nearly everyone (as suggested by mindrust) and nobody (as suggested by you, serveria.com). 

Perhaps 20% or 30% will sell a very large percentage of their coins at $50k, but wouldn't that be a BIG fucking SO WHAT, if the number of newbies FOMOing in is much greater because of their perceived thoughts of momentum into the $200k to $300k territory, which sometimes can become a bit of a self-fulfilling prophecy.

Shelby also has slight mental health issues

Old Poll Results:


Meet the new poll - same as the old poll.

Yes, the "Heat Death of the Universe" will eventually see to that.

https://en.wikipedia.org/wiki/Heat_death_of_the_universe

Daily still looks quite good, for now.
Good evening at $9.604  

Shelby has been predicting the death of Bitcoin for as long as I have been here.  Eventually he will be right.

This is nothing.

We surely do not have any kind of meaningful stagnation.  A quick look at almost any BTC chart that goes beyond a few days would establish and confirm that there is no BTC price stagnation present.

80% of 4 year interval now.

That indicator is not really talking about how far bitcoin would have to drop, it is merely providing guidance for when BTC might be overbought or oversold, but still does not mean that the price will cooperate.. but merely providing a kind of probability.  Of course BTC price could go shooting above the 2.4 line and stay up there for a while, but the chart would be showing BTC as overbought. 

Similarly on the downside, if the mayer multiple is below 1 for a decent amount of time, then starts to seem quite likely that BTC is oversold, but does not really say with any kind of certainty that the price has to go down or UP from where we are at right now, which is about 1.51 according to the live rendition of the mayermultiple on the website.  Furthermore the website show that the all time average of the mayermultiple, since the beginning of bitcoin is 1.39... so currently, we are only a little bit above 1.39.

If McAfee speculate anything about Bitcoin then do not take it seriously. BOO yea!!! 🤪

Anyway, I would surely sell some of my BTC in $60k and invest in real estate. May be later I can buy some more BTC with the income from real estate

Your flight of fancy is quite amusing as well, Torkey-poo.

Firstly, I clearly indicated that these potentialities are each improbable, and more so in the aggregate.

Second, I made no claim as to the effect upon BSV or BCH.

Though for a rational person, who believes in the promise of crypto in general: If their preferred chain would be shown to a have a fatal flaw, they would likely look to other cryptos to find one that can fulfill their expectations.

You yourself can be as irrational as you care to. Ain't no skin off my back.

https://bitcointalk.org/index.php?topic=5166448.40

For those that like a jjg discussion