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

[bitcoincidence]

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents:

270 days
270 days
90 days
90 days
90 days



The question is, how much longer the second exponent will last...

This graph seems to fit in the theory about the market manipulations by the "Tether Gang"

The article argues tether was stable throughout 2016 and did not start to increase until March 2017. Tether’s value seemed to take off along with Bitcoin’s dramatic rise.

https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/

The question is, how much longer the second exponent will last...

I have some feeling like as long as the Tetherbubble does not bother the US treasury or they get some cash-out problems by a falling bitcoin price.
The second is easy to prevent with unlimited funds (though it might get implausible if they exaggerate it) but they also get in the way of the plans of the "Bitcoin Cash Gang" to crash BTC.

I can already imagine Hollywood making a movie about this all ...  

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[LFC_Bitcoin]

Not sure why everybody moans about BCH, it’s obviously not going to make it long term but it’s free money & some of us are/were very happy Roger & Jihan have pumped it.

[HairyMaclairy]

Not sure why everybody moans about BCH, it’s obviously not going to make it long term but it’s free money & some of us are/were very happy Roger & Jihan have pumped it.

I’m not happy because I already sold it all !  It’s ok I still have all my Bgold and it’s coming along nicely. Not even thinking about Bdiamond. 

[Paashaas]

^ Keep youre BGold for now, it will rise higher.

[afbitcoins]

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

[itod]

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

No. I've searched for it for a few hours before I gave up and finally installed Coinomi on mobile, otherwise I couldn't dump those damn coins.

Electron Gold is very likely a scam, not like Electron Cash that was legit.

[flynn]

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

None of I know of.
But there is a "bootstrap" file  to download to speed up the full chain thing. Took hours to do so though.

[BitcoinBunny]

I will wait until there is a legit Electron Precious Metals before claiming my Bitcoin Gold.
It should allow to claim Bitcoin Gold, Bitcoin Diamond, Bitcoin Silver, Bitcoin Platinum, Bitcoin Palladium, Bitcoin Ruthenium, Bitcoin Rhodium, Bitcoin Iridium, Bitcoin Osmium, Bitcoin The Real Roger Ver II Special Edition, Bitcoin Jihan Wuwu Give Me Money Before China Puts Me In Jail Trillionaire At Least It Is Not Jeff Bezos Edition, iBitcoin Apple X, AmaBitcoinZon etc.

[Ludwig Von]

I will wait until there is a legit Electron Precious Metals before claiming my Bitcoin Gold.
It should allow to claim Bitcoin Gold, Bitcoin Diamond, Bitcoin Silver, Bitcoin Platinum, Bitcoin Palladium, Bitcoin Ruthenium, Bitcoin Rhodium, Bitcoin Iridium, Bitcoin Osmium, Bitcoin The Real Roger Ver II Special Edition, Bitcoin Jihan Wuwu Give Me Money Before China Puts Me In Jail Trillionaire At Least It Is Not Jeff Bezos Edition, iBitcoin Apple X, AmaBitcoinZon etc.

Lol, you forgot the "Elon takes you to Mars" coin... . (that would be a one way ICO)... .

Don 't bring them to ideas too cheap, register trade marks and domains... .

[gentlemand]

I will wait until...

You're not going to wait until there's a Bitcoin Bitcoinbunny? Personalised forks are the wave of the future.

[Torque]

Noooo, BCash doesn't have a CEO, it was all just a joke you guys...



Lol

[Torque]

If I've got the cash and the bitcoin to make a purchase, I will do it in bitcoin and simply replace it immediately or just buy enough coin to cover the cost of my purchase.  At least someone will benefit and I'm doing my part to support the ecosystem. Win Win

Yep, this is the way to do it.

Only times are when you can't easily replace the bitcoin right away, like liquidating for a big purchase or big down payment on something. Or you have to live off of it. That stings. And it should sting a little. It makes you a better money manager and saver.

[RealMachasm]

Only times are when you can't easily replace the bitcoin right away, like liquidating for a big purchase or big down payment on something. Or you have to live off of it. That stings. And it should sting a little. It makes you a better money manager and saver.

Speaking of which, meeting with our money manager dude in May to discuss our finances, investments, and how I can use my existing BTC to allow for early retirement in late 2018. Partner will continue to work for a few more years.

I'm torn on how to divest my BTC for this early retirement purpose. My partner is strongly suggesting I divest several millions in one chunk towards institutional investing - guaranteeing I have the cash on hand until I can draw down on retirement funds at age 65.

I'm thinking it may be more wise to sell "smaller chunks" of BTC to last me a year-at-a-time instead - owing to the increasing value of BTC/USD.

Will figure something out.

I would go with your second option Bob. Seems BTC has done well for you and it would be a shame to cash it all in after it has treated you so well.
Besides, institutional investing? Hell what the hell do they know right?

[sirazimuth]

Only times are when you can't easily replace the bitcoin right away, like liquidating for a big purchase or big down payment on something. Or you have to live off of it. That stings. And it should sting a little. It makes you a better money manager and saver.

Speaking of which, meeting with our money manager dude in May to discuss our finances, investments, and how I can use my existing BTC to allow for early retirement in late 2018. Partner will continue to work for a few more years.

I'm torn on how to divest my BTC for this early retirement purpose. My partner is strongly suggesting I divest several millions in one chunk towards institutional investing - guaranteeing I have the cash on hand until I can draw down on retirement funds at age 65.

I'm thinking it may be more wise to sell "smaller chunks" of BTC to last me a year-at-a-time instead - owing to the increasing value of BTC/USD.

Will figure something out.

I wish I had that problem....

[Torque]

Besides, institutional investing? Hell what the hell do they know right?

Agree. Finally saw a short video today by a self-made multimillionaire investor who speaks the absolute truth. He is dead on. Wish I had been given this advice when I was younger and in my 20s.

http://www.businessinsider.com/millionaire-mistakes-grant-cardone-student-debt-saving-investing-2016-8

[hv_]

Noooo, BCash doesn't have a CEO, it was all just a joke you guys...



Lol

hmm... was it meant that dumps get this joke ?

guess not

[AlcoHoDL]

Noooo, BCash doesn't have a CEO, it was all just a joke you guys...



Lol

Hang on! I thought that guy had only one functioning eye! WTF?

[BTCMILLIONAIRE]

I wonder if this is the last roger/wu pump? . A guy could be making serious coin here if they keep it up. The volume spike at the start of the pump is so obvious. You would get the double whammy of btc dropping while bcash rises. Its just a matter of timing the exit but even if you get it wrong you are just back to break even.

On reflection though, I wonder if this is what they are banking on? . The next time, all they need to do is kick start the pump and the whales will jump on board and feed the pump for them. Easy profit then for them.

On a side note. roger/wu must have a shitload of bcash built up from their mining operations at this stage which they obviously are not selling as they seek to increase the price

Only for as long as people keep playing along. This could change very quickly and leave many with burnt hands.

[Dabs]

End of the month episode ... I'll be watching it anyway.

THE GANG FLASHES BACK TO 2010 AS LEONARD TRIES TO REMEMBER WHERE HE KEPT A POTENTIALLY VALUABLE INVESTMENT, ON "THE BIG BANG THEORY," THURSDAY, NOV. 30

"The Bitcoin Entanglement" - Sheldon tries to teach the guys a lesson after they cut him out of a potentially valuable Bitcoin investment. Also, a seven-year-old video reveals a secret about Leonard and Penny's relationship, on THE BIG BANG THEORY, Thursday, Nov. 30 (8:00-8:31 PM, ET/PT) on the CBS Television Network.

[BTCMILLIONAIRE]

End of the month episode ... I'll be watching it anyway.

Is there anything wrong with end of the month episodes?