Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ivomm
on 27/12/2020, 10:24:35 UTC
⭐ Merited by vapourminer (1) ,JSRAW (1)
Some of my posts from Dec 2018. Just wow!!!

The next bitcoin halvening is in ~472 days.

Currently 1800 new coins mined everyday.

That will be cut in half to 900 with an 1.8% inflation rate.

Why does this matter?

It marks the date when bitcoin becomes less inflationary than central banks annual rate target of below 2%.

https://twitter.com/AlecZiupsnys/status/1093568234647887876

The launch if the Bitcoin Network in 2009 was a global earthquake.

Now is time for the tsunami.

If the previous halvenings led to 100x increase of price without institutional investors, imagine what will happen if they come. One of the biggest ETF companies in USA stated recently that they expect at least 10bil investment in Bitcoin ETF per year. And this is only one company!
[editet out]

Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that!  Grin I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make it to 30K-40K range by then. We shall see.

Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!