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

Thread seems pretty dead for beating on a new ATH no?

Or you all to busy crossing your fingers and rubbing your hands together?

Yeah. You. Are. Right.

The reason is that the last few years felt a bit depressing when looking at the price. And now, 20K just doesn't feel enough anymore.

Maybe at 250K some of us will get some 'inner spark' so we can combust and burst in flames from the excitement, that the whole world is giving a flying buzz about the price. But that will not happen until all sorts of media sources start buzzing some sort of nihilist attitude towards Bitcoin, and every time the price goes up against their propaganda and eventually they capitulate in saying every week that the price will crash.

Imagine telling the media every week that trump won fairly after a new recount for that week, and they would just give up after a while to try to convince the majority that anything over 50% it is actually less just because they can't accept it.

20k today is lower then 13k was last july 2019

So if we make 25-30k this year we equal july 2019

to make dec 2017 high of 19666 now today we need to be at 78k

while all of the above is based on mining profits and most coins are already mined mining still has some influence on liquidity of btc.

I would not get very excited until we clear 50k.

which is why most 20k speak is meh who cares.

I understand where you are coming from, but super profits attained in 2017 are unlikely to EVER occur in terms of profitability for a simple reason that a crazy amount of machines will be produced at 80K, which would decrease profitability. In fact, best times for mining in terms of btc gained were not in 2017, as you know. in dollar terms, of course this happens any time when prices skyed, but miner production did not catch up yet and then we had situations that you could not find a miner for a reasonable price.
I checked ebay- very high prices for used miners. S17-$2000...wow.

Well sure to expect dec 2017 profits now today is to expect a price of 78k.

But on Nov 24 2017 price was 8215

So it moved to 19666 on dec 17 2017

19666/8215 = a 2.399 to 1 factor

so 2.3939 x 19200 = 45,963 which would really be nice..

"We will see what we shall see". This a quote of my late father-in-law as it was a favorite saying of his and I think it fits here.

I googled it and it seems he was quoting this

"We shall see what we shall see. We have the start now; the developments will follow in time."

by Wilhelm Röntgen

I still don't get why you are comparing 2020 to 2017. 2016 would be the corresponding cycle year.

well if every one is all hot and botherd we are approaching an all time high of 20k they are comparing todays price to 2017.

I trying to show BFD as 20k is simply not the number to think about.

75-78k or 25-30k would be numbers to think about.

another example the dow hit 30k today

so in 2017 what was the dow on nov 24.