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

Quote

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

This is both interesting but also scaring:

Intresting because there was a lot of debate if the recent price action was due to markets being efficient with people pricing in halving effect before halving actually happening. Public information being incorporated in current market prices is what characterise efficient markets. Something should be granted in a mature market like the one bitcoin begins to be.

This is also scaring because grayscale targets institutional investors. I would have tough this kind of investors had done the basic due diligence of the technology. How can be prepared to invest millions in BTC without even knowing what an halving is?
This is scary. They are ready to invest in something they basically dont know about.

These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss.
However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving, call it the halving period average price.
So thats the potenial of an average price of about $11900 from 2021 onwards!?

But that only applies if all is as perfect as possible! I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved)

Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed.

Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market. $2600 best case scenario or lower probable bottom.

Wow!!!!! You are so prophetic, jonoiv.

Appears that you still have not given up hope to buy back some of the coins that your dumbass sold at $6k, either at a slight loss in a possible scenario or even at a profit in a better case scenario.

On the other hand, just think about the opportunity cost that you lost, already, including a lot of the stress that you could have lessened if you had not gambled your whole BTC stash (of likely less than .5 BTC) on dumb.

Will talking your book help? Maybe it will make you feel a little bit better, but I doubt that many peeps reading this thread give you much credibility beyond perhaps some newbie readers who are like-minded wishful-thinking enough to buy into your book-talking FUD spreading attempts.

Have you seen a gambling-addict specialist, yet? or a fantasylandia correction expert, yet? Tongue

I said by the end of the year ( that's also known as Nov/ Dec 2019) or next year (we will call it 2020), the price will hit around 2600 / 2500 or possibly lower.

Now do you think after the price dropped 18% in a couple of weeks, im going to revise my target?

You know like last time when i said at 11500k it will hit as low as 3k, I had moments of bullishness during the long downtreand, be prepared I may be short term bullish at periods in this drop, But im confident where it's going medium term. So no matter how you try to be a massive cunt (as always) If you make a prediction (and get it wrong as always) you can always ask the thread starter to delete your posts and edit the replies you were quoted in (as always).

You're a fucking clown with as much credibility as a paedo at a prepubescent pool party.

So fuck off and stop talking your constant BS. The whole world knows you are really bad at predicting the price, so chooce a diffent thread, something like... (Cunt Observer - JJG's Mirror trackiing & movement thread).

Make it self moderated or you might be shown up as a total fraud.