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

[ragnar0k]

The time to sell was probably when Mike Tyson opened his line of Bitcoin ATM's in Las Vegas. That was thousands of dollars ago!

ROFL didn't know about that... Makes me feel lots better thanks XD

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[BlindMayorBitcorn]

The time to sell was probably when Mike Tyson opened his line of Bitcoin ATM's in Las Vegas. That was thousands of dollars ago!

ROFL didn't know about that... Makes me feel lots better thanks XD

He's still makin' moves, too.
https://www.vice.com/en_us/article/4wbpbn/mike-tyson-launches-bitcoin-app

[ragnar0k]

The time to sell was probably when Mike Tyson opened his line of Bitcoin ATM's in Las Vegas. That was thousands of dollars ago!

ROFL didn't know about that... Makes me feel lots better thanks XD

He's still makin' moves, too.
https://www.vice.com/en_us/article/4wbpbn/mike-tyson-launches-bitcoin-app

He's out there to take the Winklevoss

[LewisPirenne]

Damn, seeing Mike Tyson and Boris Becker associated with Bitcoin really makes me nervous.  I am flashing back to that soccer moms conversation that I overheard.  This can't be good.

[BlindMayorBitcorn]

A watched bubble never bursts. Old Ontario proverb.

[matt4054]

It won't reach the bottom until we see Chuck Norris selling some shitcoin in an infomercial at 3am on channel 743...

[JayJuanGee]

I can only imagine what the price is going to be 3 years from now. Post halving.

Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that.

Which would of course make many of us rich AF. Personally I’ve always looked at around 2021 as my get out point (75% sell off maybe).

Fingers crossed guys.

To be honest, becoming a millionaire in pounds sterling by 2021 is not too far fetched. What a ride.

I think I am passed the point where I could sell my stash. The thought of not owning btc is horrible.

I think a 60-75% sell off is not too extreme. My real goal would be to be able to buy property etc with bitcoin in my area.


Edit. I hope JJG sees this post as I have put in some percentages for him.

Well, yeah.  I agree that there could be some question about: 1) whether BTC has advanced itself into an actual bubble and is due for a significant correction, which could justify selling a large amount of holdings (perhaps?) or 2) whether there is some investment, such as real estate, that causes a BTC hodler to feel some kind of retention of value by extracting BTC value into that other asset.  

Even with the significant sell-off and correction scenario (1), there may be some intention to merely temporarily take out BTC value with the aim of putting back in at a lower price (even if it is only putting in 50% of the amount taken out).  With the invest in other assets scenario (2), there may also be some kind of presumption that either diversification of assets is good or that bitcoin could be due for a correction (or a period of performance lower than the other asset, otherwise it could be better to just keep most of the value in bitcoin and only extract a small amount of value out of bitcoin for the diversification purposes.

[aesma]

It looks to me like the idea of "seasteads" is to get together among rich people and not pay taxes to a state, but instead pay for everything (defense, law enforcement, etc.). So you'd end up with two classes of people, the rich, and the people who work for the rich.

Yes, because when everything is blockchain based, only the rich benefit.

Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that.

I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich.

A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being free rich.

The blockchain is not miraculous, it's a technology, it won't solve humankind's problems. And yes, greed is one of our problems. I don't pretend to be immune to it. I used to support communist ideals, but nowadays, I've become cynical, I don't see any way for such ideals to come about aside from being governed by some kind of benevolent AI.

[Searing]

The Amazon call is over and as far as I can tell nothing was mentioned.

As far as I can tell Bitcoin don't give a fuck.  

Yep!

[jojo69]

I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.

Those who are not liberal when they are young have no soul.  Those who do not become conservative as they age have no brain.

[JayJuanGee]

I rather be a Bitcoin millionair then converting it all back into fiat

you mean have a million bitcoins?

Nobody is going to have a million bitcoin’s except maybe Satoshi & I’m not sure he even has that many. He means holding over 1 million USD in bitcoin.

Yes, and these days it only takes a bit more than 167 bitcoins in order to have $1million.  Remember back in the good ole days (well, 2016, no?), when bitcoin was $1k?  Back in those "good ole days" you needed to have 1,000 bitcoins in order to have million dollar bitcoin stature.

[aesma]

I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.

Those who are not liberal when they are young have no soul.  Those who do not become conservative as they age have no brain.

Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that.

[aesma]

I rather be a Bitcoin millionair then converting it all back into fiat

you mean have a million bitcoins?

Nobody is going to have a million bitcoin’s except maybe Satoshi & I’m not sure he even has that many. He means holding over 1 million USD in bitcoin.

Yes, and these days it only takes a bit more than 167 bitcoins in order to have $1million.  Remember back in the good ole days (well, 2016, no?), when bitcoin was $1k?  Back in those "good ole days" you needed to have 1,000 bitcoins in order to have million dollar bitcoin stature.

But btcbeliever has a point. One way for Bitcoin to really go up is for it to become more of a real currency.

If I had 900 000 euros I wouldn't say I was an euro millionaire because that's worth more than 1 million USD !

[JayJuanGee]

I rather be a Bitcoin millionair then converting it all back into fiat

you mean have a million bitcoins?

Nobody is going to have a million bitcoin’s except maybe Satoshi & I’m not sure he even has that many. He means holding over 1 million USD in bitcoin.

Yes, and these days it only takes a bit more than 167 bitcoins in order to have $1million.  Remember back in the good ole days (well, 2016, no?), when bitcoin was $1k?  Back in those "good ole days" you needed to have 1,000 bitcoins in order to have million dollar bitcoin stature.

But btcbeliever has a point. One way for Bitcoin to really go up is for it to become more of a real currency.

If I had 900 000 euros I wouldn't say I was an euro millionaire because that's worth more than 1 million USD !

The million dollars value is a frame of reference, but I think that the topic of "real currency" is different.

I think that there has been considerable recognition in recent months that bitcoin can still have a whole hell of a lot of value, even if it does not reach currency status and only reaches store of value usage, at least in the short term.  

In any event, some folks like to poo poo the purported store of value use case - but it is not insignificant - and bitcoin can go a long fucking way, merely on storage of value - and NO need to worry, either because the more storage of value that bitcoin achieves, then the more that a lot of other use cases are going to evolve from that  - whether level 1 use cases or level 2 or level 3.

[ljtronics]

It'll be $4.5k i think then 7k next stop

[Vin]

It'll be $4.5k i think then 7k next stop

why do you think so?

[jojo69]

Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that.

indeed, I agree that the language has become corrupted

[Torque]

I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.

Those who are not liberal when they are young have no soul.  Those who do not become conservative as they age have no brain.

Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that.

Here in the U.S., Libertarian is probably the more equivalent to the French liberalism then.

Libertarian <> Liberal

I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.

I happen to find this video somewhat unsettling...
https://www.youtube.com/watch?v=EETf0LLNk0I#t=1h20m21s

[Torque]

Guys I am a bit worried...
Boris Becker, after having lost all his money with Nigerian scammers is now talking about bitcoin

Time to sell?  
(He retweeted 25th Oct)
https://twitter.com/TheBorisBecker?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Are you guys worried that some celebrity normies are getting involved in Bitcoin? You shouldn't be worried, you should be excited. We WANT them to get involved... all of them... we want every man, woman, and child to get involved. And their children's children. That is the whole point.

And Boris Becker... well I don't think he'll be buying much bitcoin anyway since he's bankrupt.  

[jbreher]

*Unless a change in POW helps to equalize mining power by making costs harder to scale.

...Your apparent belief that a change in PoW will make any difference in centralization is unpersuasive. No matter the technology, mining power will coalesce to those that possess the financial resources, the BizOps acumen, and most importantly the persistence and pain tolerance needed for entrepreneurship on a grand scale.

I don't believe this is true. If somehow PoW can be tied to a smartphone for "one phone one vote", those who have financial resources can screw themselves against the brute force of several billion smartphone users.

Just No. Those that have the resources will run hundreds of android emulator VMs on each of hundreds of servers, and we'll be right back with the same centralization problem we have today.