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

[Przemax]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lets first reach 2017 $  in 2017.


 

Lets first reach 800$ in 800 hours.

[JayJuanGee]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lets first reach 2017 $  in 2017.


 

Lets first reach 800$ in 800 hours.

You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any?   

Oh, and remember last year, there were about 6 months of prices between $300 and $450

And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?).

[Searing]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lets first reach 2017 $  in 2017.


 

Lets first reach 800$ in 800 hours.

You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any?    

Oh, and remember last year, there were about 6 months of prices between $300 and $450

And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?).

What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd)

I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd)  and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC  bankruptcy sale this year!)

anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky'
to boot (a guy just can't win I tell ya)

Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight
with all the fud/drama/scams/equip ripoffs/etc etc from then till now?

hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure

I will now 'blunder' on with my mostly  'clueless' if unintentionally somehow brilliant plan...why mess with success.....

besides seems to work for the white mouse below:

[BlindMayorBitcorn]

[ErisDiscordia]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

$32000. It is known.

[Spaceman_Spiff]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

$32000. It is known.

It is known.

[Ibian]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

$32000. It is known.

It is known.

[JayJuanGee]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lets first reach 2017 $  in 2017.


 

Lets first reach 800$ in 800 hours.

You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any?    

Oh, and remember last year, there were about 6 months of prices between $300 and $450

And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?).

What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd)

I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd)  and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC  bankruptcy sale this year!)

anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky'
to boot (a guy just can't win I tell ya)

Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight
with all the fud/drama/scams/equip ripoffs/etc etc from then till now?

hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure

I will now 'blunder' on with my mostly  'clueless' if unintentionally somehow brilliant plan...why mess with success.....

besides seems to work for the white mouse below:

Hahahahahaha

The new and confident Searing...

I recall exchanging several messages with you in 2014 and 2015 as BTC prices were dropping and you were trying to figure how far in the red you were at various points, and even seeming kind of depressed, from time to time about the seeming lack of profitability if the BTC prices continued to fall.


Sure, both of us were in a similar situation, except you had always communicated about your investment into the mining equipment, that brings an additional risk and even an additional way of investing your time...

It is great to see that the matter of your persistence is paying off... not just because you can show your friends, but also that it gives you some greater flexibility and cushion with your finances and choosing whether to take profits, hold or continue to invest.

I do think that it could be good to take some profits along the way and maybe take a little bit of profits in the future may not be a bad idea.. I cannot say exactly what price point, because it appears to be possibly going exponential (but maybe take a little of the table in the $1060 to $1180 price arena), and then maybe if prices go past that point then wait until the $2k arena for the next profit taking?  hahahaha.. what the fuck do I know?

[JimboToronto]

Once again I just looked in before going to bed and I see another rally... up to $1022.

Now I want to stay up a little longer.

[spooderman]

300 more CNY for ATH.

[Searing]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lets first reach 2017 $  in 2017.


 

Lets first reach 800$ in 800 hours.

You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any?    

Oh, and remember last year, there were about 6 months of prices between $300 and $450

And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?).

What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd)

I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd)  and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC  bankruptcy sale this year!)

anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky'
to boot (a guy just can't win I tell ya)

Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight
with all the fud/drama/scams/equip ripoffs/etc etc from then till now?

hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure

I will now 'blunder' on with my mostly  'clueless' if unintentionally somehow brilliant plan...why mess with success.....

besides seems to work for the white mouse below:

Hahahahahaha

The new and confident Searing...

I recall exchanging several messages with you in 2014 and 2015 as BTC prices were dropping and you were trying to figure how far in the red you were at various points, and even seeming kind of depressed, from time to time about the seeming lack of profitability if the BTC prices continued to fall.


Sure, both of us were in a similar situation, except you had always communicated about your investment into the mining equipment, that brings an additional risk and even an additional way of investing your time...

It is great to see that the matter of your persistence is paying off... not just because you can show your friends, but also that it gives you some greater flexibility and cushion with your finances and choosing whether to take profits, hold or continue to invest.

I do think that it could be good to take some profits along the way and maybe take a little bit of profits in the future may not be a bad idea.. I cannot say exactly what price point, because it appears to be possibly going exponential (but maybe take a little of the table in the $1060 to $1180 price arena), and then maybe if prices go past that point then wait until the $2k arena for the next profit taking?  hahahaha.. what the fuck do I know?

yeah i used to sign my msgs (KNC the no ROI miner) when I just had the one at full boat price of $10,131.80 in Nov 2014...boy was I wrong

I figure I maybe can mine another 10 BTC but I take your point....so what is the diff really if BTC goes to 5k each and a guy was to take 10 off for profits and you have 100 btc left.

That is what I'm thinking now. With all the electric I ate up till JULY 2016 (6.5k) from start oct 18th 2013 with knc jupiter. and 10,131.80 in original Titan and 7,131.80 in orig
knc jupiter (ah my baby 53 btc out of that before doorstop) I'm at 3200mh scrypt now all the rest of my 9 Titans are paid off etc etc..

anyway mining my elec back and then say the Jupiter and then say the orig titan would go a long way..much more impressive to say you have 100 btc at 0 bucks then right now
me with 3150mh and 100 btc at $25,050 usd invested (since July 2016 paid elec out of coin)

so 110-115 btc say with 25k debt vs say 100 btc no debt...still mining 2 btc a month maybe I should like 'mine my debt down'

also as soon as I sell some..the price of BTC will triple a win for you guys

but all them nice toys....coming out ...with blinking led's etc...so tempting...but yeah should probably punt and mine my debt down....but 25k for 100 btc now and 2 btc a month
yet an't looking too shabby from my 'depressed 210 btc years of 2014 etc) groan

[phr33]

300 more CNY for ATH.

We're at ~7300
ATH is 8000

So, about 700 to go, right?

[marcus_of_augustus]

Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?

I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.

[Searing]

Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?

I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.

I think they are gonna kick down the road for another 2 years. It will take more in the 'financial sector' imho to yell they want it first, before it will move imho. Just saying
how the banking word works imho.

hope I'm wrong

[HairyMaclairy]

Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?

I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.

I don't know about an ETF.  I do know that blockchain and distributed ledger technology is finally getting people's attention in mainstream banks.  It's like someone just flipped a switch in the past 3 - 6 months.

[JayJuanGee]

$3K per BTC by end of 2017 or bust....

I thought it was $3200 as decreed by that ancient oracle "adamstgBit" who has passed on to another realm.

So is it written. Verily it shall come to pass.

Lets first reach 2017 $  in 2017.


 

Lets first reach 800$ in 800 hours.

You had 3 years to buy bitcoin, and nearly a year of prices below $300, and you didn't buy any?    

Oh, and remember last year, there were about 6 months of prices between $300 and $450

And plus you registered here in July, so you had nearly 6 months of prices below $800 and a couple of months with prices below $600 (remember August and September 2016?).

What you said struck me as funny in 20/20 hindsight...hoarded all BTC mined (except equip and elec btc and then ltc miners..still ltc mining roi'd)

I got in Oct 18th 2013 with a KNC 550gh Jupiter BTC Miner (price of btc that day 150 usd)  and all the way thru now with 3150mh KNC Titan Scrypt miners...ROI'd (love that KNC  bankruptcy sale this year!)

anyway..my point is...I'm either completely and utterly out of my mind for holding from 2013 at 150 even in 0ct 18th 2013 till now at as I look $1011 usd...sheesh....or I am some kinda brilliant Bitcoin Cyrypto-currency Savant! My friends have gone from thinking I've lost my frigging mind in 2013 to being pissed off at me ..at still being BTC crazy and now I'm 'lucky'
to boot (a guy just can't win I tell ya)

Either way it is ridiculous me still holding most after all this time (100.07 btc now..making yet 2 btc a month via LTC profit after electric). I mean is this 'sensible' in 20/20 hindsight
with all the fud/drama/scams/equip ripoffs/etc etc from then till now?

hell guess I'll just continue onward and let it roll.....(can't figure this out.... I'm usually such a chicken sh*t/coward on this kinda stuff with real $$$$) go figure

I will now 'blunder' on with my mostly  'clueless' if unintentionally somehow brilliant plan...why mess with success.....

besides seems to work for the white mouse below:

Hahahahahaha

The new and confident Searing...

I recall exchanging several messages with you in 2014 and 2015 as BTC prices were dropping and you were trying to figure how far in the red you were at various points, and even seeming kind of depressed, from time to time about the seeming lack of profitability if the BTC prices continued to fall.


Sure, both of us were in a similar situation, except you had always communicated about your investment into the mining equipment, that brings an additional risk and even an additional way of investing your time...

It is great to see that the matter of your persistence is paying off... not just because you can show your friends, but also that it gives you some greater flexibility and cushion with your finances and choosing whether to take profits, hold or continue to invest.

I do think that it could be good to take some profits along the way and maybe take a little bit of profits in the future may not be a bad idea.. I cannot say exactly what price point, because it appears to be possibly going exponential (but maybe take a little of the table in the $1060 to $1180 price arena), and then maybe if prices go past that point then wait until the $2k arena for the next profit taking?  hahahaha.. what the fuck do I know?

yeah i used to sign my msgs (KNC the no ROI miner) when I just had the one at full boat price of $10,131.80 in Nov 2014...boy was I wrong

I figure I maybe can mine another 10 BTC but I take your point....so what is the diff really if BTC goes to 5k each and a guy was to take 10 off for profits and you have 100 btc left.

That is what I'm thinking now. With all the electric I ate up till JULY 2016 (6.5k) from start oct 18th 2013 with knc jupiter. and 10,131.80 in original Titan and 7,131.80 in orig
knc jupiter (ah my baby 53 btc out of that before doorstop) I'm at 3200mh scrypt now all the rest of my 9 Titans are paid off etc etc..

anyway mining my elec back and then say the Jupiter and then say the orig titan would go a long way..much more impressive to say you have 100 btc at 0 bucks then right now
me with 3150mh and 100 btc at $25,050 usd invested (since July 2016 paid elec out of coin)

so 110-115 btc say with 25k debt vs say 100 btc no debt...still mining 2 btc a month maybe I should like 'mine my debt down'

also as soon as I sell some..the price of BTC will triple a win for you guys

but all them nice toys....coming out ...with blinking led's etc...so tempting...but yeah should probably punt and mine my debt down....but 25k for 100 btc now and 2 btc a month
yet an't looking too shabby from my 'depressed 210 btc years of 2014 etc) groan

Your various divisions and categorization of expenses are a bit confusing for me, and I am not sure are you really accounting for all the costs?  You do seem to be saying that you bought some items with BTC and other items with dollars, but in the end, what are the total costs?

Unlike you, I don't really like to disclose particulars about how many BTC I own, but I don't mind talking in terms of percentages and averages... or even hypotheticals...

I count all BTC related costs towards my total cost per BTC, including some that I lost on Bitfinex (I have some rough calculations regarding the value of the BFX coins) and some that I lost through one of my remote trades using Venmo (which was actually between 1.5 and 5 BTC.. hahahahaha), and I have some financing related costs (when I was trying to balance out various accounts, I had suffered some finance charges), and various fees related to transactions, yet even when I calculate all of my various BTC related costs, my average cost per BTC is currently running at about $418... but if I sell some or buy some BTC, my actual amount invested could go up or down $10.. but my average cost per BTC has been floating between $418 and $430 for the past month or so...


Anyhow, are you saying that your overall costs per BTC are a bit more than $250 per BTC? or am I missing something?  I always thought that in recent times, that in the long run it would be more profitable to buy the BTC rather than investing in equipment, electricity, and various associated mining costs.  But if you are averaging a bit over $250 per BTC, then the more power to you.... although buying some of the BTC outright in late 2013 would have been less than $250, except maybe the quantity that you would have gotten would have been less than spending on the equipment?

Have you done a comparison of how many BTC you would have gotten by buying directly and compare to your mining and to see which one has a lower cost per BTC?  Not that you can do anything about it right now.. but if you are only paying electricity at the moment, then maybe your average cost per BTC is continuing to come down, no?

[phr33]

Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?

I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.

SEC should have a decision in March according to:
http://moneymorning.com/2016/11/08/a-winklevoss-bitcoin-etf-guide-for-investors/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+moneymorning%2FjOLe+(Money+Morning)

[megadeth]

ATH in crosshairs.

[marcus_of_augustus]

Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?

I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.

I think they are gonna kick down the road for another 2 years. It will take more in the 'financial sector' imho to yell they want it first, before it will move imho. Just saying
how the banking word works imho.

hope I'm wrong

http://www.coindesk.com/bitcoin-etf-anticipation-winklevoss-trust-deadline/

Deciphering some of the gobble-de-gook and confused ramblings in this article suggests there is one 'deadline' at 180 days after filing (around Jan. 14th) and another more definite 'deadline' at 240 days (around March 14th).

[kehtolo]

Anybody keeping track of ETF proceedings? When is the next deadline for SEC release of latest round of excuses?

I have a sneaky feeling there may be some insider news behind some of this market action ... and there's nothing more insider than govt. agents leaking and front-running rulings that favour financial players.

I don't know about an ETF.  I do know that blockchain and distributed ledger technology is finally getting people's attention in mainstream banks.  It's like someone just flipped a switch in the past 3 - 6 months.

Mere buzzwords..so they can blather on about bitcoin without actually mentioning that dirty word..'bitcoin'...

This whole blockchain not bitcoin meme is a load of hot air, you do know that right?

You cannot have a "blockchain" or "distributed ledger technology" without a native token, everyone here knows this, right?

How are you going to make entries into your distributed ledger? With Cats?? Or just by magic??

Can't have one without the other, simple as. So, they can call it whatever they like, all while trying to avoid using certain words but they're only fooling themselves.

Or wilfully trying to delude themselves...or, they just actually don't effing get it.

Andreas Antonopolous made a nice analogy..I'm paraphrasing here:

Horse and cart is the existing technology...
Someone invents a motorcar!

'Blockchain not bitcoin' minded people say: Wow.. we really like this pnematic tyre technology you guys have come up with and want to adapt this for our horse and carts. But we really don't see any potential for the motorcar as a whole.. we are only interested in hte underlying technology of the pneumatic tyres!  

Back on topic: There is no word yet on a possible ETF decision date. Some commentators believing the SEC could kick it down the road as long as possible. Other voices reckon it will happen soon.
The most recent news, are that COIN ETF got a logo, back at start of Dec. and the twins were again 'talking up' bitcoin, also early Dec.

EDIT: Beaten to it.. !