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Question: Apr. 30 Bitcoin Price
<$6,000 - 10 (9.1%)
$6,000-$6,500 - 2 (1.8%)
$6,500-$7,000 - 4 (3.6%)
$7,000-$7,500 - 3 (2.7%)
$7,500-$8,000 - 4 (3.6%)
$8,000-$8,500 - 8 (7.3%)
$8,500-$9,000 - 13 (11.8%)
$9,000-$9,500 - 11 (10%)
$9,500-$10,000 - 12 (10.9%)
$10,000-$10,500 - 5 (4.5%)
$10,500-$11,000 - 2 (1.8%)
>$11,000 - 36 (32.7%)
Total Voters: 110

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20244427 times)
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AlcoHoDL
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November 05, 2017, 04:19:52 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!
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Elwar
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November 05, 2017, 04:20:48 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.
Does that magic internet money machine work for euros, incidentally?

Purse.io only works in a few EU countries. I think maybe France and GB. I know of a different method for Germany.
tscen
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November 05, 2017, 04:21:41 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

There is no such thing as magic internet money. Amazon received the fiat from stolen credit cards and shipped you the products. simple as that.
julian071
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November 05, 2017, 04:24:10 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

I told a friend about BTC a year or two ago, he has a small amount on his phone. He bought a couple of things with it, but the euro value just keeps increasing.

https://en.wikipedia.org/wiki/Cornucopia

However if you buy Ducati motorcycles with it, that stops working, I have found.
Elwar
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November 05, 2017, 04:24:18 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.

If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.

But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.
Chef Ramsay
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November 05, 2017, 04:35:22 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!
Hold is right, I know some who pre-ordered the Trezor back in 2013 when they were 1BTC each. Not naming names.
lightfoot
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November 05, 2017, 04:37:38 PM

About "for every rise there is a fall", well, that was Newton. With Bitcoin we are now past Einstein and there are new laws at play. In Bitcoin mathematics, there are only the (+) and (*) operators and no negative numbers. LOL!

Oh Bitcoin may fall. As it's zinging through space long past the moon it might eventually hit some star somewhere and "fall"....

I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....

AlcoHoDL
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November 05, 2017, 04:39:16 PM

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.

If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.

But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.

Of course that's true, I'm not saying you shouldn't do it. After all, it's good to use BTC in everyday life. All I'm saying is that calculating the current value of the BTC we've spent on things may leave a bittersweet taste in our mouths...
Ibian
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November 05, 2017, 04:42:25 PM

All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.
yefi
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November 05, 2017, 04:51:28 PM

Oh Bitcoin may fall. As it's zinging through space long past the moon it might eventually hit some star somewhere and "fall"....

I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....

I think you're overestimating the density of the universe. If you put a straight line from one edge to the other, the probability that you will hit any object is minuscule.
BobLawblaw
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November 05, 2017, 04:51:42 PM

We're getting so close to $10kCAD that I can almost smell it. That's a real milestone for us Canucks. People laughed at us  when we predicted it not that long ago. Look at us now.

 Was speaking to some extended family in Canada yesterday. They were joking back-and-forth about buying a new Porsche Boxster that was on display at a Porsche mini-store at a mall - $98k CDN.

 Did the math in my head. Realized "That's about 11 Bitcoins for them to own that Boxster. Hmm."

 No. I'm not buying them a Boxster (... not right now, anyway ...) but it's amazing that sometime soon, 10 BTC will buy you a blinged out Porsche Boxster in Canada.

 Even more amazing that, hopefully, in a few years, 1 BTC will buy you 1 Porsche Boxster.
Icygreen
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November 05, 2017, 04:52:01 PM

Is there any danger in holding coins on a segwit address vs a legacy address in trezor? Say if segwit got back-peddled.
jojo69
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November 05, 2017, 04:53:40 PM

Alessio Rastani revises Elliot count, now says wave 3, $10,000 "unstoppable"

https://www.youtube.com/watch?v=gmDLylVbfFI
Torque
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November 05, 2017, 04:54:43 PM

I'm sure there are people on this forum that have spent hundreds of bitcoins on things like PC graphics cards back in the day.

Personally, my goal was to one day have enough btc that I could take out my original investment +20% profit in fiat value, and still have 90% left in btc.

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.
lightfoot
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November 05, 2017, 04:56:35 PM

All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.
lightfoot
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November 05, 2017, 05:00:32 PM

I'm sure there are people on this forum that have spent hundreds of bitcoins on things like PC graphics cards back in the day.

Personally, my goal was to one day have enough btc that I could take out my original investment +20% profit in fiat value, and still have 90% left in btc.

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

The way I deal with this is to understand simply that I made the best decisions at the time with the information I had at the time. No regrets dude, otherwise I would still be kicking myself for dumping all my apple stock in the early 90's when they were totally fuking stupid.
BobLawblaw
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November 05, 2017, 05:00:37 PM

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

 Then I put things into perspective and think "Well, the rest of the ~70% of my Bitcoin stash should appreciate nicely over time..."

 In theory.

 My partner is going to continue working for another couple years before joining me in early retirement.

 Gonna be their sexy pool boy and french maid for a couple years in the meantime...
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November 05, 2017, 05:04:21 PM

All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.

She does look like she is facing something deadly, don't she. Yeah, no fucking wonder she doesn't want an audit.
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November 05, 2017, 05:07:13 PM

Is there any danger in holding coins on a segwit address vs a legacy address in trezor? Say if segwit got back-peddled.

I don't think so. I can't see any scenario right now where SegWit would get deprecated, at least in the foreseeable future.
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November 05, 2017, 05:09:13 PM

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

 Then I put things into perspective and think "Well, the rest of the ~70% of my Bitcoin stash should appreciate nicely over time..."

 In theory.

 My partner is going to continue working for another couple years before joining me in early retirement.

 Gonna be their sexy pool boy and french maid for a couple years in the meantime...

Good for you Bob. Enjoy it while you can. You only live once!
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