Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ivomm]

3% to USD ATH and less than 1% to EUR ATH. Not bad after the traders were left behind.

[SuperBitMan]

Wyoming Representative Jacob Wasserburger introduces legislation for a Strategic #Bitcoin Reserve 🇺🇸


https://twitter.com/BitcoinMagazine/status/1880299698038493400?t=vMnIGY_I_o3dYumcwn2ZyQ&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BlackHatCoiner]

I just want to quote this legendary post from a user of the first WO page.

I'm quite surprised to see that there are so many people here worried about the recent rise in price. Of course, there has been an increase of 50% in just a few months, but to be honest, I think the rate at which Bitcoins are increasing in price is still quite slow. It will go much faster in the nearby future. This may not happen for another few months or even years, but if Bitcoin survives, which I believe it will, there will be a price explosion of epic proportions.
 
Think of it: the total Bitcoin market is somewhere north of 200 million USD, divided over almost 11 million BTC. From the Ron/Shamir paper we know that around 7 million BTC never move. That means that the total amount of fiat invested in Bitcoin is well below 100 million USD. In every possible scenario where Bitcoins are known to the general public, the total amount of money invested will be in the billions. The online gambling market had a turnover of 21 billion in 2008, according to Wikipedia. The online shopping market is at least tenfold that number, as is the amount of money people wire through Western Union and the like. And think of the money which could flow in the system once the drug cartels, hedge funds and tax evaders find out about it.

Although Bitcoin is still very young, it has survived to the point where there is enough wealth in the system that people will go to great lengths in order to repair or save it, once it will be struck by some disaster. This could either be an internal threat, such as scalability issues, or an external threat such as legal issues. In any case, Bitcoin will survive, simply because it has proven itself to work. Alternative currencies are irrelevant at this point, because any enhancement they might offer can and will be implemented by Bitcoin if there is even the slightest threat to it. The network effect will make sure Bitcoin won't allow contenders on the block. Whether you like it or not, Pandora's box has been opened and not even Satoshi himself will be able to close it.
 
When we look at Bitcoin in terms of expected value, the odds are thus astronomical. The only reason Bitcoins don't trade for 100k USD right now is because most people either haven't found out about it or don't understand it yet. When they do, there will be a rush from people afraid of missing the boat. Remember that never before in the history of mankind a new currency came on the market so suddenly and right there for everyone to pick up for a bargain. Once the banks and governments of this world find this out, there will be a race to get in on it as fast as possible. This will be the tipping point, where we can expect to see an exponential increase in value. As long as this point has not been reached, it is incredibly silly to worry over a few dollars in a few weeks.

[Torque]

I just want to quote this legendary post from a user of the first WO page.

I'm quite surprised to see that there are so many people here worried about the recent rise in price. Of course, there has been an increase of 50% in just a few months, but to be honest, I think the rate at which Bitcoins are increasing in price is still quite slow. It will go much faster in the nearby future. This may not happen for another few months or even years, but if Bitcoin survives, which I believe it will, there will be a price explosion of epic proportions.
 
Think of it: the total Bitcoin market is somewhere north of 200 million USD, divided over almost 11 million BTC. From the Ron/Shamir paper we know that around 7 million BTC never move. That means that the total amount of fiat invested in Bitcoin is well below 100 million USD. In every possible scenario where Bitcoins are known to the general public, the total amount of money invested will be in the billions. The online gambling market had a turnover of 21 billion in 2008, according to Wikipedia. The online shopping market is at least tenfold that number, as is the amount of money people wire through Western Union and the like. And think of the money which could flow in the system once the drug cartels, hedge funds and tax evaders find out about it.

Although Bitcoin is still very young, it has survived to the point where there is enough wealth in the system that people will go to great lengths in order to repair or save it, once it will be struck by some disaster. This could either be an internal threat, such as scalability issues, or an external threat such as legal issues. In any case, Bitcoin will survive, simply because it has proven itself to work. Alternative currencies are irrelevant at this point, because any enhancement they might offer can and will be implemented by Bitcoin if there is even the slightest threat to it. The network effect will make sure Bitcoin won't allow contenders on the block. Whether you like it or not, Pandora's box has been opened and not even Satoshi himself will be able to close it.
 
When we look at Bitcoin in terms of expected value, the odds are thus astronomical. The only reason Bitcoins don't trade for 100k USD right now is because most people either haven't found out about it or don't understand it yet. When they do, there will be a rush from people afraid of missing the boat. Remember that never before in the history of mankind a new currency came on the market so suddenly and right there for everyone to pick up for a bargain. Once the banks and governments of this world find this out, there will be a race to get in on it as fast as possible. This will be the tipping point, where we can expect to see an exponential increase in value. As long as this point has not been reached, it is incredibly silly to worry over a few dollars in a few weeks.

Over a decade ago, I read a profound quote once from a prominent investor (can't remember who it was now), and it has stuck with me every since:

When you invest in something you really believe in is a sure thing and hold it long term, when that day comes that it realizes it's full potential, you won't be saying to yourself "Hooray, it did it!", you'll be saying "Damn, what took it so long?"

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

The damned thing is rising... Nwice!

Looks like we may reach ATH soon.

Under $3k to go, so we're talking ants...

Even better: ready the chopperocket!

[Ambatman]

Maybe we won't have to wait until January 20th, T Pump started a little earlier

Buy the Rumour?

[philipma1957]

The damned thing is rising... Nwice!

Looks like we may reach ATH soon.

Under $3k to go, so we're talking ants...

Even better: ready the chopperocket!

we need to do 110k for a rocket  more than 4k to go last I looked.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[coolcoinz]

As expected the whole FUD with the US dumping all its bitcoin was there to flush the levered gamblers out.
Now people are betting on whether Trump will sign an executive order right away, or take his sweet time.

I watched Zuck talk about changes in FB and thought to myself that when he turned away from woke bullshit that wasn't the only thing that changed. He doesn't look like an alien anymore and actually talks like a normal guy now. Let's see if they get some bitcoin reserves going this year.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

R.I.P. David Lynch 
ETH soon to follow?

Ether suffering
the fate of bitcoin killers
they die in the end
#

Call me out of touch, since I don't get the context for the various above points/observations.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ambatman]

Read on the link below that Trump has tweaked some of his promises but him granting pardon to Ross Ulbricht on Day one still stands.

https://www.wdsu.com/article/trump-first-day-promises-executive-orders/63454449

If he does go through with it on his first day since its relatively easier to implement
Then Vroom would have to prepare the chopper.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Weak Aussie Dollar
All Time High, Just Hit Again
Bitcoin Protect Wealth

#haiku


$170,198.00AUD

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com