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

[gentlemand]

He hasn't gone anywhere has he?

I think his marbles have.

[jojo69]

He hasn't gone anywhere has he?

I think his marbles have.

to be fair, if I had his money the MDMA and hookers would probably have me pretty addled by now

[JayJuanGee]

I wish. I had to pay an exorbitant 6.8% buy fee but at least I seem to have caught the bottom (for now). Just a few hundred bucks worth but everything helps.

If it goes back down below $4.45k I'll do it again.

Jimbo:

Do you keep track of your average cost per BTC?  Since you buy and never sell your average cost per BTC must be going up and up and up?  I understand that you started buying in the double digits (or at least I recall that), and I think that you responded to this kind of question from me previously, so sorry about the redundancy.

I do believe that your system does go to show (even with various fees) that you can come out much ahead, even by employing a BTC hodl and accumulation strategy without selling (except maybe selling when it comes time that you really feel that you need to cash out of some of those babies)

Recall that I started buying at $1200 in late 2013, and after about two years of buying at lower prices, my average price per BTC dropped to a bit more than $500.  It could have been much lower, except I had blown a larger portion of my wadd at buying in the $600 and $400 price territories while experiencing some quasi-unexpected cash flow issues in 2015...

Thereafter, starting in late 2015 I engaged in trading that employed a good system of buying back with money that I had gained in selling, and largely brought my BTC stash up while bringing my average cost per BTC down to below $400 by early 2017.

There seems to be some advantages to limiting your interactions and using paper storage because my keeping some coins on exchanges has resulted in various losses through hacker sophistication to get into my personal credentials and also through exchange vulnerabilities, so sometimes these kinds of exchange related losses and interacting by sending BTC around can end up taking away some BTC profits to lower the total amount of bitcoins held and/or raise the average cost per BTC. 
 
I think that the punchline for me, is that my total number of BTC is lower than it had been in late 2015 because of losses - but my average cost per BTC is less (at least in the $400-ish territory), but mostly due to BTC price appreciation of selling higher and buying lower - even though I am buying back at much higher prices than my average, my average price per BTC keeps going down because I am selling at prices higher than I buy.

Your system seems much more hands off, even though you run out in your pajamas at 2 in the morning.  hahahahaha 

[Torque]

Lol, nobody is buying Roger Ver's bullshit anymore:

https://twitter.com/rogerkver/status/903780652369289216

Just look at all the commenters... #REKT

[gentlemand]

Lol, nobody is buying Roger Ver's bullshit anymore:

https://twitter.com/rogerkver/status/903780652369289216

Just look at all the commenters... #REKT

I'm not sure I've seen a tweet from him in recent years that wasn't projectile defecated all over below it. You've got to admire the sheer bullheadedness at least.

[JayJuanGee]

“In 2013 the central bank in Germany said it wanted its gold back from the UK, France and the US. Here’s the thing, Germany does not want all of its gold back.”
 
“As it is going through its election cycle, there are specific factions of the German government that are pushing to get German gold back to domestically being held. The German elections are in mid-September, it is not a coincidence that this happened just before that. It was to appease political dynamics as well as leasing development of gold


“Bitcoin is a very small market cap compared to gold. I don’t think it has much impact on gold and looks like a bubble right now.”
 
“As someone who has been around Wall Street a long time I’ve seen a lot of different tricks of the trade and frauds that come and go. I am seeing all of the various schemes in bitcoin right now. There’s good forensic evidence that there are people doing wash sales right now and the suckers don’t know they are getting sucked in. Gold is still the ultimate safe haven
 

“I expect to see gold hit $5,000 and eventually to $10,000 an ounce. Maybe not tomorrow or a couple of years but that is the fundamental price of gold as money.”
 
“In a recent conversation with legendary commodity investor Jim Rogers he indicated to me was, ‘nothing goes to that level without a 50% retracing before it resumes its path upwards.’ Moves happen very fast. The question is, what are the catalysts that could take it higher?”

People can and should be allowed to buy bitcoin, but the US Government will in time call them traitors, or terrorists, and seize their assets.

How much is your BTC worth in Huston BTW. ... best  

You are really pie in the sky if you think that Gold is going to appreciate better than BTC in the coming years.

Sure, anything can happen, but you are not being very practical or logical if you believe that various governments can more easily control the movement, storage and hoardings of bitcoin as compared with gold. 

If I have a million in gold?  versus if I have a million in bitcoin? 

bitcoin seems to be much more divisible, portable, lower storage costs, easier to hide (obscure and secure), and even verifiably transparent in terms of getting what you are getting... so sure, you can uptalk gold all you like, but it just does not seem convincing - haven't various governments already made attempts at regulating bitcoin, and they are having some difficulties - not that they are going to discontinue trying, but bitcoin continues as a bit of a puzzle for them in how to deal with it, exactly. 

It seems quite strange that we continue to have goldbugs coming into these bitcoin threads with their hard-ons for gold and pms, and holy fuck has bitcoin been outperforming pms in the past couple of years... holy fuck, holy fuck!!!

[podyx]

Damn, we going down further. Where will the bottom be

[rjclarke2000]

Damn, we going down further. Where will the bottom be

Yeah, that was quite a drop.

[eXpl0sive]

Lol, nobody is buying Roger Ver's bullshit anymore:

https://twitter.com/rogerkver/status/903780652369289216

Just look at all the commenters... #REKT

Hehe...  I just saw his Twitter picture still says 'Bitcoin', not 'Bitcoin Cash'.

His site bitcoin.com also has BTC/USD ticker on top, not BCH. and when you click on 'buy' button, it says 1 Bitcoin = 4500 USD. That means BTC, not BCH! Sucker!

[eXpl0sive]

Damn, we going down further. Where will the bottom be

My gut feeling says somewhere around 4200. Then we go up again.

[Wekkel]

Reading from my tea leaves weekly bitcoin chart, I predict at least one big red candle in september. my bet is that we'll have a look below 4k. and if its deep enough i would finally be able to buy back some

A good push down would be great to do the TenX Play.

[Wekkel]

It seems quite strange that we continue to have goldbugs coming into these bitcoin threads with their hard-ons for gold and pms, and holy fuck has bitcoin been outperforming pms in the past couple of years... holy fuck, holy fuck!!!

Not intended to promote the swearing   but the Gold camp seems desperate to point out how Gold is 'better money' these days. They could be right but as an investment opportunity, how can they leave their readers in the dark so much with this 'one chance in a lifetime' opportunity staring them in the face?

See:
https://steemit.com/bitcoin/@wekkel/bitcoin-vs-gold-debate-intensifies
https://steemit.com/bitcoin/@wekkel/gold-camp-keeps-clubbing-bitcoin-they-wish

This without even mentioning the fact that cryptocurrencies have certain superior characteristics compared to fiat.

[jojo69]

[El duderino_]

So when are we going to See a new ATH its taking to long allready ......

And when can we talk on buying a Nice DIP at thid time ....? +- 4300

[rjclarke2000]

So when are we going to See a new ATH its taking to long allready ......

And when can we talk on buying a Nice DIP at thid time ....? +- 4300

Look... bitcoin is dead again. Move on with your life.......

[El duderino_]

So when are we going to See a new ATH its taking to long allready ......

And when can we talk on buying a Nice DIP at thid time ....? +- 4300

Look... bitcoin is dead again. Move on with your life.......

You go on met friend ..... Just let me buy and buy on what ever the prices are 🤔

[Neo_Coin]

Damn, we going down further. Where will the bottom be

My gut feeling says somewhere around 4200. Then we go up again.

If a Black Swan does not arrive.

[Ludwig Von]

I wish. I had to pay an exorbitant 6.8% buy fee but at least I seem to have caught the bottom (for now). Just a few hundred bucks worth but everything helps.

If it goes back down below $4.45k I'll do it again.

Jimbo:

Do you keep track of your average cost per BTC?  Since you buy and never sell your average cost per BTC must be going up and up and up?  I understand that you started buying in the double digits (or at least I recall that), and I think that you responded to this kind of question from me previously, so sorry about the redundancy.

I do believe that your system does go to show (even with various fees) that you can come out much ahead, even by employing a BTC hodl and accumulation strategy without selling (except maybe selling when it comes time that you really feel that you need to cash out of some of those babies)

Recall that I started buying at $1200 in late 2013, and after about two years of buying at lower prices, my average price per BTC dropped to a bit more than $500.  It could have been much lower, except I had blown a larger portion of my wadd at buying in the $600 and $400 price territories while experiencing some quasi-unexpected cash flow issues in 2015...

Thereafter, starting in late 2015 I engaged in trading that employed a good system of buying back with money that I had gained in selling, and largely brought my BTC stash up while bringing my average cost per BTC down to below $400 by early 2017.

There seems to be some advantages to limiting your interactions and using paper storage because my keeping some coins on exchanges has resulted in various losses through hacker sophistication to get into my personal credentials and also through exchange vulnerabilities, so sometimes these kinds of exchange related losses and interacting by sending BTC around can end up taking away some BTC profits to lower the total amount of bitcoins held and/or raise the average cost per BTC. 
 
I think that the punchline for me, is that my total number of BTC is lower than it had been in late 2015 because of losses - but my average cost per BTC is less (at least in the $400-ish territory), but mostly due to BTC price appreciation of selling higher and buying lower - even though I am buying back at much higher prices than my average, my average price per BTC keeps going down because I am selling at prices higher than I buy.

Your system seems much more hands off, even though you run out in your pajamas at 2 in the morning.  hahahahaha 

I am doing the same as you, or at least trying to... . The way to account is simply keeping track of total, in my case, € invested at any time, versus market value of the stash. To be forced to have a certain amount in an exchange for the trading is the most vulnerable part indeed.

[becoin]

So when are we going to See a new ATH its taking to long allready ......

And when can we talk on buying a Nice DIP at thid time ....? +- 4300

Look... bitcoin is dead again. Move on with your life.......

I'm getting a little bit impatient too. Obviously we shall not see new ATH today.

[jojo69]

DUMP DUMP DUMP DUMP

COME ON BEARS!

SHOW US WHAT YOU GOT!