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

[gentlemand]

lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.

One market is alive. The other is soon to be dead. I'll assume the living market is the relevant one.

[ragnar0k]

One market is alive. The other is soon to be dead. I'll assume the living market is the relevant one.

Fair point - probably the demand for bitcoin on those exchanges has gone down drastically
Wonder where China will spend money later today, maybe we'll see KRW or JPY explode?

[Meuh6879]

And a positive message: http://www.safehaven.com/article/44720/why-will-bitcoin-succeed-how-about-saving-140-billion-in-bank-fees

Let me cherry-pick a few key points:

1)    Global payments revenue (fees on debit & credit cards, wire fees etc.) accounts for 30-34% of bank revenue—so this is a BIG chunk of their revenue.

2)    In 2016 that revenue was $1.8 Trillion, (with a T) (page 4).

3)    “Outstanding balances on transactional accounts exceeded $27 TRILLION (my emphasis) by the end of 2015, their highest level ever.” (page 6)

4)    “North America continues to derive nearly half its payments revenues from credit cards – far more than any other region – and has a significantly lower reliance on account-related liquidity.” (page 11)

5)    “The average cost for a bank to execute a cross-border payment via legacy correspondent banking agreements remains in the range of $25 to $35, more than 10 times more than for average ACH payment” (page 21)

6)    “reduce the overall cost of cross-borders for banks by up to 90 percent, [you can reach] a target cost of $1 to $2 per transaction or a total cost reduction for banks of up to $140 billion.” (page 22)

[Kraken-Septimus]

Now if only we could get our $1700 from Kraken that is lost in limbo.  They said that they sent it to our bank but we haven't received it and they are not communicating well about it.

Hi BitChick. Please escalate your ticket using this form posted by Dargo.

Thanks for your patience.

[jojo69]

FOR THE TRUE OLD SCHOOL HODLERS. MEMBER THIS?

snip choochoo gif

fun fact, train in pic is full throttle toward 2051 Constitution Ave NW, Washington, DC 20418

[JayJuanGee]

I just sodl some. Profits are profits.

Just bought some before this morning's rise. Profits are profits and I prefer to take my profits in Bitcoin.

You win.

Of course, you gotta stick to the strategy, even when it seems painful, and SODL on the way up and BUYDL on the way down.   Don't SODL nor BUDL too much because you don't wanna run out.


Most importantly, if you suffer from any anxiety or doubts..... HODL.

[Meuh6879]

[ragnar0k]

And a positive message: http://www.safehaven.com/article/44720/why-will-bitcoin-succeed-how-about-saving-140-billion-in-bank-fees

Let me cherry-pick a few key points:

1)    Global payments revenue (fees on debit & credit cards, wire fees etc.) accounts for 30-34% of bank revenue—so this is a BIG chunk of their revenue.

2)    In 2016 that revenue was $1.8 Trillion, (with a T) (page 4).

3)    “Outstanding balances on transactional accounts exceeded $27 TRILLION (my emphasis) by the end of 2015, their highest level ever.” (page 6)

4)    “North America continues to derive nearly half its payments revenues from credit cards – far more than any other region – and has a significantly lower reliance on account-related liquidity.” (page 11)

5)    “The average cost for a bank to execute a cross-border payment via legacy correspondent banking agreements remains in the range of $25 to $35, more than 10 times more than for average ACH payment” (page 21)

6)    “reduce the overall cost of cross-borders for banks by up to 90 percent, [you can reach] a target cost of $1 to $2 per transaction or a total cost reduction for banks of up to $140 billion.” (page 22)

So what is exactly stopping them from buying all BCs, they don't even need 100% - just 50% to have total control and fuck us off. Even if they buy them bit by bit slowly
The limited number of BC can also be a weakness, by paradox

[Meuh6879]

You "can't" buy all ... because, only a FRACTION of Bitcoins are available to buy ... 

[ragnar0k]

You "can't" buy all ... because, only a FRACTION of Bitcoins are available to buy ... 

But since not everybody is a HODLer that fraction we hold will be slowly eroded away...

[Wekkel]

You "can't" buy all ... because, only a FRACTION of Bitcoins are available to buy ... 

But since not everybody is a HODLer that fraction we hold will be slowly eroded away...

But price would go sky high. And that is not want they want happening. The Cramer dude would be all over it.

[jbreher]

Phase two.

Dump completed, pump commenced.

Panicers R3KT. Hodlers vindicated.

Just another wave in Bitcoinlandia.

See all y'all at $6666

[Spaceman_Spiff_Original]

Why should I buy something if my currency is more worth tomorrow.

Because you value access to that thing today.

And just like that, the inflationistas main bullshit argument is blown away.

[Last of the V8s]

Bitcoin does not obey central banks or nation sates.
They will obey bitcoin, or perish.
The age of the sovereign individual has begun.

[Ted E. Bare]

Ha this is why I only buy and hold.

[bones261]

You would think after almost three years of being involved in the cryptocurrency sphere, that I would know how to trade. But I still am quite clueless. I thought I did well yesterday. I managed to put of few trades together, where I sold higher and then would buy back lower. I didn't catch the absolute crests and troughs, but I did OK with the little bit that I was moving around. I then bought back last night, and left it at that, so I could sleep well at night with a few more satoshis than I had 24 hours ago. This morning, just before work, I saw the market shoot up from a low of almost 2800 USD to a little above $3300. I thought, surely this must be near the peak, so I sold a little bit of my BTC. Now it appears the rally has continued and I find myself stuck with a fiat balance on Gdax. I know that it is recommended not to seek trading advise in this space. However, I really am clueless what to do. Any recommendations? Here are my options.

1) Keep the fiat balance on GDAX, so that I can continue to play around with the market at my leisure, and have both a BTC balance and a fiat balance.
2) Transfer fiat to Paypal and pay off the credit card balance that I have for them. (Coinbase charges a big fee to do this though, and I could probably pay off my balance outright with fiat I already have in the bank anyway.)
3) Buy back your BTC, use this as perfect example that I suck at trading and transfer all my BTC back to cold storage so I can HODL.

Thanks in advance for the advice.  

[gembitz]

Phase two.

Dump completed, pump commenced.

Panicers R3KT. Hodlers vindicated.

Just another wave in Bitcoinlandia.

See all y'all at $6666

$4000 inkoming!!! #hodl

[Last of the V8s]

https://wex.nz/
@WEXnz 3 hours ago
https://wex.nz/news/1

WEX. Rising.

15.09.17 12:29 from admin
Dear users!

Team of WEX is glad to welcome you on our new platform!

This is our first official announcement!

We thank all ex-users of BTC-E for their patience at such a difficult moment for all of you guys. We on our part have spent a lot of efforts and energy to create a new platform for trade in the shortest time limits. Our platform will operate according to AML/KYC laws and world legislation in this field. You can find all the detailed information here https://wex.nz/page/1

[BlindMayorBitcorn]

You would think after almost three years of being involved in the cryptocurrency sphere, that I would know how to trade. But I still am quite clueless. I thought I did well yesterday. I managed to put of few trades together, where I sold higher and then would buy back lower. I didn't catch the absolute crests and troughs, but I did OK with the little bit that I was moving around. I then bought back last night, and left it at that, so I could sleep well at night with a few more satoshis than I had 24 hours ago. This morning, just before work, I saw the market shoot up from a low of almost 2800 USD to a little above $3300. I thought, surely this must be near the peak, so I sold a little bit of my BTC. Now it appears the rally has continued and I find myself stuck with a fiat balance on Gdax. I know that it is recommended not to seek trading advise in this space. However, I really am clueless what to do. Any recommendations? Here are my options.

1) Keep the fiat balance on GDAX, so that I can continue to play around with the market at my leisure, and have both a BTC balance and a fiat balance.
2) Transfer fiat to Paypal and pay off the credit card balance that I have for them. (Coinbase charges a big fee to do this though, and I could probably pay off my balance outright with fiat I already have in the bank anyway.)
3) Buy back your BTC, use this as perfect example that I suck at trading and transfer all my BTC back to cold storage so I can HODL.

Thanks in advance for the advice.  

[Starving_Marvin]

You would think after almost three years of being involved in the cryptocurrency sphere, that I would know how to trade. But I still am quite clueless. I thought I did well yesterday. I managed to put of few trades together, where I sold higher and then would buy back lower. I didn't catch the absolute crests and troughs, but I did OK with the little bit that I was moving around. I then bought back last night, and left it at that, so I could sleep well at night with a few more satoshis than I had 24 hours ago. This morning, just before work, I saw the market shoot up from a low of almost 2800 USD to a little above $3300. I thought, surely this must be near the peak, so I sold a little bit of my BTC. Now it appears the rally has continued and I find myself stuck with a fiat balance on Gdax. I know that it is recommended not to seek trading advise in this space. However, I really am clueless what to do. Any recommendations? Here are my options.

1) Keep the fiat balance on GDAX, so that I can continue to play around with the market at my leisure, and have both a BTC balance and a fiat balance.
2) Transfer fiat to Paypal and pay off the credit card balance that I have for them. (Coinbase charges a big fee to do this though, and I could probably pay off my balance outright with fiat I already have in the bank anyway.)
3) Buy back your BTC, use this as perfect example that I suck at trading and transfer all my BTC back to cold storage so I can HODL.

Thanks in advance for the advice.  

I'd recommend thinking of something to buy. Then Buy back your BTC and use that BTC immediately to buy it.