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

400's again for some seconds when I was out, but still close to no volume.

And seriously ppl posting rocket pictures at this situation?

I'm always afraid when we're crossing such a psychological threshold, as I'm afraid some stop losses are being fired, that trigger some longs on margin to be liquidated. Things tend to go pretty ugly on Finex when that happens, you know Wink

I understand the worry, but I don't think these things have lasting impact. Hell, even if the price dropped to $200, it wouldn't change my 2020 outlook. And I'll be hodling.

vuduchyld: I am using your above response as a springboard for my below comments, and I am NOT directing anything specifically at you, since I already have come to understand that you and I have very similar ideas regarding our investing strategies in BTC.

Nonetheless, let me say:::: 2020 is nearly 5.5 years from now, and it seems a bit too long term regarding whether one should keep buying today, or hodl or sell. I mean a person does NOT really need to commit to that long of a time period in order to be bullish about BTC in the "long term."

BTC seems like one of those kinds of assets that any investor would need to reassess about every couple years, and these days to assess the various potential competitors to the extent that they may be evolving, yet I believe that currently a person can make a pretty solid investment commitment decision for a 2-3 year time-frame and to consider that 2-3 year period as fairly long term.. b/c at the moment BTC does NOT have any real meaningful competitors.

Don't get me wrong, I am bullish about BTC long-term and I am planning to stay invested in BTC as long as it appears to have long-term potential and it is NOT getting beat out by any competitor crypto, but in bitcoinlandia, 5.5 years is nearly the whole life of BTC.. so in another 5.5 years, BTC will be 2X.... that is if BTC is still alive and well at that time.

You know several trolls mention some silly-ass stupid ideas about where bitcoin will be in 100 years or some other time period way into the future. Sure it is o.k .to have visions about the long term and sure it is o.k. to have a long term plan, but really, BTC is a new space.. .and therefore the farther into the future that one is attempting to prognosticate, the less need to attempt to predict specifics b/c many variables can project specifics into vastly different trajectories.

And probably several of us who remain bullish about BTC remain of such disposition based on BTC remaining the main game in town in light of the competition, and even though several people are spouting off regarding the competition and the potential of the competition, the competition remains mere distractions and it is likely that these downward whale manipulators are only going to be able to keep the cap on BTC for so much longer.. whether they can achieve this for a month, 6 months or longer than a year, many of us will continue to hang in their with our BTC investment, absent some material significant negative change in BTC fundamentals.

most likely bitcoin will die in 1-2 years

This. It will be replaced by something that didn't go "pop" (pop culture). Once we invited regulation we invited demise. I am sorry, but 10% discounts from Dell doesn't cover the speculative risk that comes with the currency in the eyes of the average investor. I mean we basically turned this whole thing into regular money with the only difference being instead of the Federal Reserve we have uber whales and Wall Street pulling the strings and being the Junta that decides whether the price goes up or down. OpenBazaar will be huge, though. It provides a novelty over regular currency and a large, non-risk averse user base.

These are my opinions. You all already know I am a long-term bear albeit somewhat measured in that view. Things could change or a major government could collapse, but these possibilities... and they are possible... are still low enough risk in the next couple of years that I wouldn't put my money on it. Also, those governments, especially the U.S., would probably put the kibosh on a now much more heavily regulated Bitcoin to delay any such collapse. So, even that idea is in practice a bit of a loser.