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

[nioc]

Is it April yet?

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[JayJuanGee]

Deffo in for the long haul. I'm slowly buying coins up with spare money and trying to get my friends into it too. I only found out about Bitcoin approx 6 months ago!

It's never too late (yet) to discover Bitcoin. Those of us who paid dollars instead of pennies may feel we missed the boat but those who paid triple digits think of us as early adopters. The day will come when anyone who paid less than $1000 will be considered an early adopter.

Buying bitcoins with spare money is the only way to go. Never spend money on a speculative asset unless you can afford to lose it.

As for trying to get your friends into it, that's a losing proposition. Better to make them aware of it and if they don't participate, rub their noses in it later. If you promote them and they buy high and lose money short-term, they'll use you as a scapegoat for their own failure.

Congratulations for deciding on the long haul.

Hi man! It would be awesome to see a $1k coin one day. It needs someone like Amazon/Ebay to adapt the payment system and then we will all be laughing with any luck!

Thanks for the tip on 'buy what you can afford to lose'. I read that somewhere on this thread a long time ago and it put things into perspective. Especially with the guy who sold his house and put it all into Bitcoin. That's confidence right there!

Good idea about the friends thing. I've not been pushy but just showed them how much I'm 'up' after a couple of months of reading and watching the price.

Regarding your friends, and telling them about bitcoin,   I agree with Jimbo's suggestion - merely to inform them about bitcoin  in whatever way that they are interested, and if they are not interested don't push it.

Actually, I would not get into too many details regarding your own holdings and the extent to which you are profitable - unless those kinds of details become more relevant to their attempting to decide what to do.

They have to decide what to do based on current price and not past price performance, and even you have the potential to lose everything that you invested and all of your current level of gains.

I employed a similar strategy for more than 2.5 years, at least to the extent that I bought with extra money that I had, and I never used money that I needed for my living expenses and I had other investments too (for retirement planning, etc). 

So, if you continue to buy with extra available money, over time you will acquire a large holdings in bitcoin and at some point, you will feel that your holdings in bitcoin is sufficiently balanced with your other financial holdings - even though periodically, since bitcoin's price has had a tendency to be very volatile (which is likely to continue for some time into the future) you may need to reassess the values of your various financial holdings and consider whether you want to reallocate in such a way that remains comfortable to your total situation (accounting for at least your view of bitcoin, risk tolerance, financial diversification, cash flow and timeline).

[JayJuanGee]

Is it April yet?

Not quite April yet.  Are you in a rush for something?  Can you enjoy what we have?

[boXXer]

Deffo in for the long haul. I'm slowly buying coins up with spare money and trying to get my friends into it too. I only found out about Bitcoin approx 6 months ago!

It's never too late (yet) to discover Bitcoin. Those of us who paid dollars instead of pennies may feel we missed the boat but those who paid triple digits think of us as early adopters. The day will come when anyone who paid less than $1000 will be considered an early adopter.

Buying bitcoins with spare money is the only way to go. Never spend money on a speculative asset unless you can afford to lose it.

As for trying to get your friends into it, that's a losing proposition. Better to make them aware of it and if they don't participate, rub their noses in it later. If you promote them and they buy high and lose money short-term, they'll use you as a scapegoat for their own failure.

Congratulations for deciding on the long haul.

Hi man! It would be awesome to see a $1k coin one day. It needs someone like Amazon/Ebay to adapt the payment system and then we will all be laughing with any luck!

Thanks for the tip on 'buy what you can afford to lose'. I read that somewhere on this thread a long time ago and it put things into perspective. Especially with the guy who sold his house and put it all into Bitcoin. That's confidence right there!

Good idea about the friends thing. I've not been pushy but just showed them how much I'm 'up' after a couple of months of reading and watching the price.

Regarding your friends, and telling them about bitcoin,   I agree with Jimbo's suggestion - merely to inform them about bitcoin  in whatever way that they are interested, and if they are not interested don't push it.

Actually, I would not get into too many details regarding your own holdings and the extent to which you are profitable - unless those kinds of details become more relevant to their attempting to decide what to do.

They have to decide what to do based on current price and not past price performance, and even you have the potential to lose everything that you invested and all of your current level of gains.

I employed a similar strategy for more than 2.5 years, at least to the extent that I bought with extra money that I had, and I never used money that I needed for my living expenses and I had other investments too (for retirement planning, etc). 

So, if you continue to buy with extra available money, over time you will acquire a large holdings in bitcoin and at some point, you will feel that your holdings in bitcoin is sufficiently balanced with your other financial holdings - even though periodically, since bitcoin's price has had a tendency to be very volatile (which is likely to continue for some time into the future) you may need to reassess the values of your various financial holdings and consider whether you want to reallocate in such a way that remains comfortable to your total situation (accounting for at least your view of bitcoin, risk tolerance, financial diversification, cash flow and timeline).

Some good advice there and Deffo taken onboard. Thanks for that

[JimboToronto]

It needs someone like Amazon/Ebay to adapt the payment system and then we will all be laughing with any luck!

Don't count on that happening soon. E-tailers want the refunds that credit cards and Paypal offer. The banks and Paypal make good money moving other people's money around. They don't want to promote other systems, especially ones that are faster and cheaper.

I used to get pissed off because Paypal wouldn't accept Bitcoin deposits. They could be making a commission on each transaction as surely as they do on my CAD/USD transactions. They'd also make their standard end on the eBay sale.

Because I don't use credit cards, transferring dollars to my Paypal account takes a week (5 "business" days) and costs a fee. This means missing out on bargains and buy-me-nows I might have jumped on. I try to keep a reasonable balance in my account but sometimes a larger amount is required. They're missing out on a lot of business by not accepting Bitcoin.

Obviously, they have greater concerns than immediate revenues and profits.

[Meuh6879]

Is it April yet?

are Bitcoin network is Offline ?
are the mempool is too high for transactions on Bitcoin network ?

no.

so, SegWit is an evolution.
we build the futur.

[yefi]

I think you'd be surprised how few coins a lot of people who've been here for a long time have. two coins would make you the envy of a bunch of them.

Damn yo, be some broke-ass niggas up in here.

[JimboToronto]

Damn yo, be some broke-ass niggas up in here.

Not everybody is a banksta. 

[European Central Bank]

Damn yo, be some broke-ass niggas up in here.

it's possible that one day in the future 2 btc might elicit gasps from the posters on here. I see a bunch of people regularly fantasizing about owning 21 btc which is almost attainable for mere mortals but not all that many have over 10 grand lying around to bet.

not so long ago it would've been 2100. maybe 2.1 will be the new 2100 sooner than we expect.

[savetherainforest]

Hey guys. My first post on here. Been reading the forum for around 6 months now and thought its about time I made a post. Why is it so quiet on the coin front at the mo. It's always so intense! I only hold 2 coins purchased with 'pocket' money every month so not on the same level as you guys!

I think you'd be surprised how few coins a lot of people who've been here for a long time have. two coins would make you the envy of a bunch of them.

as for why it's so quiet, that's the norm pretty much. pumps and falls are followed by long periods of nothing. let's see how long this one goes on for but I think this phase has the possibility of going scary quite quickly.

Oh really! I assumed everyone on here has 10+ by he way they talk.

Do you think scary up or scary down!  

He's just afraid you will barge in during the night butt* naked in his home and rob him at gunpoint of his pristine portfolio that he manages for all his hookers that he is brokering for.

Also... don't you be fishing these waters boy... sharks and alligators might pull you in by the hook! Literally and figuratively.

[JimboToronto]

He's just afraid you will barge in during the night but naked in his home and rob him at gunpoint of his pristine portfolio that he manages for all his hookers that he is brokering for.

Also... don't you be fishing these waters boy... sharks and alligators might pull you in by the hook! Literally and figuratively.

Hookers and gators and sharks, oh my!

[nioc]

Is it April yet?

are Bitcoin network is Offline ?
are the mempool is too high for transactions on Bitcoin network ?

no.

so, SegWit is an evolution.
we build the futur.

No problems now but I was promised the futur was here.  NP I'll wait, but only as long as Jimbo.

[adamstgBit]

did BFX drop to 0 yet?

wtf 36 cents, I am flabbergasted.

[adamstgBit]

Margin Trading is now available to non-U.S. customers

┗(°0°)┛

[adamstgBit]

Currency   Flash Return Rate   Total sum of active funding   Total amount used in margin positions
USD   0.0283%   1,143,622.05   1,090,051.43
BTC   0.0002%   412.17   369.29

LMAO

shorts are going ape shit.

this is good.

edit: oh wait i read that wrong, MOFO longs are going ape shit   

[adamstgBit]

I'm unable to buy or sell btc on Coinbase right now just to let you guys know. There were insolvency rumours floating around a couple weeks ago, sure as shit hope they aren't the next to fall.

they lost alot of ETH, i think.

and as bankers always say, " you aren't insolvent till 10% of the poeple demand their deposits "

only 40K$ hack

https://twitter.com/brian_armstrong/status/761974232938983426

hurts but not to bad...

[adamstgBit]

Russian Government to Abandon Penalties for Bitcoin Use

┗(°0°)┛

[JayJuanGee]

Is it April yet?

are Bitcoin network is Offline ?
are the mempool is too high for transactions on Bitcoin network ?

no.

so, SegWit is an evolution.
we build the futur.

No problems now but I was promised the futur was here.  NP I'll wait, but only as long as Jimbo.

If you believe that you were promised something that is not being delivered, then that non-delivery is probably more on you rather than some kind of problem with the progress of bitcoin.

Can't speak for Jimbo, but it seems that he is fairly content with bitcoin, it's current direction and it's future potential.  


Bitcoin prices could stay in a $400 to $600 range for a couple of years, and bitcoin would be fine.. I kind of doubt that we will stay in this price range, but many of us already have pretty good ideas about what's likely to happen once Bitcoin's price breaches mid $800s... which could come as soon as this year, but could take a couple more years.  

I am inclined to believe that bitcoin has pretty good odds, even with current developments, third-party issues etc, to breach $850 within the next year.. especially a few months from now we should start to feel additional upwards BTC price pressures coming from the halvening of the mining output... and I wonder whether we may already be feeling some upwards price pressures from the halvening, or maybe that additional upwards price pressure, due to lessening of the increase of supply, will take a couple more months to feel?

[Dafar]

Oh really! I assumed everyone on here has 10+ by he way they talk.

Do you think scary up or scary down! 

that's not the impression I get about holders. i'm sure there are some big swinging dicks and they're clever enough to keep quiet but there are polls on here quite often and thw answers are either a surprisingly large amount or a surprisingly pitiful amount and not much in the middle.

i'm going for scary down because maybe bitfinex going more wrong might scare the traders. let's see. if you're here for the long haul none of that matters anyway.

How many is considered big swinging dick?

Pretty sure Adam has thousands. Unless he left them on gox 

[adamstgBit]

hundreds of thousands  



aaannnddd then i bought a pizza and they were all spent