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

[AlcoHoDL]

My faith conviction in the long-term potential of Bitcoin never faltered, even during the darkest days.

The worst was during the spring and summer of 2013 because it was my first deep crash. I missed the great bubble of 2011 but had learned the history and knew it would rise again. The only coins I sold were during the "dead" (LOL) cat bounce when my $155 ask was filled. I immediately placed a $97 bid which was soon filled. After that the 2014-5 downturn was small potatoes.

I haven't sold any coins since except for $150 worth a couple of years ago when I needed pocket cash to buy beers at the ballpark, and then the$6000 worth I sold last week because of a cash emergency and having to honor a commitment. What a mistake. After selling, of course the price skyrocketed. If I'd been able to wait 2 days, I would have gotten $10k instead of $6k.

Now it bugs me that the 50 coins I lost at MtGox are worth over $1mCAD but it helps keep me on an even keel. I still don't think of myself as "rich" despite being a Bitcoin multimillionaire. Maybe after a couple of doublings.

Indeed, anyone with 2 digits of coins can start thinking of themselves as wealthy and those with 3 digits can look forward to being truly rich some day. Those with 4 digits can look toward being very rich and those with 5 or 6 digits (e.g. the Winklevoss twins) will be the new wealthy elites.

Satoshi? Who could possibly deserve it more to be the new Rothschilds?

All very true, and thanks for posting it Jimbo.

I, too, almost never sold any coins, and in the few cases that I did, I have regretted it, seeing the price skyrocket since then. Our coins are precious little mathematical gems that should be treasured, and only used when necessary, or when the time comes to enjoy them.

I keep reading about how precious metals are so much better than cryptocurrencies, and it saddens me to see so much anachronism and old-time mentality here in this thread (I wonder why those posts are posted here...). We have been trained to assign value only to material things that we can see and touch. The idea of something non-material possessing value is very difficult for many to grasp. Instead of embracing and supporting it, we dismiss it, much like Albert Einstein's Theory of Relativity was dismissed by the Newtonian scientific establishment of the time. But the truth always prevails, and so did Einstein's theory, and the new ones that will come after it, despite all those who object them.

What Satoshi Nakamoto started with his remarkable invention will be included in the history books of the future, and all those who object and dismiss it will be the new Newtonians that are left behind.

[AlexGR]

I keep reading about how precious metals are so much better than cryptocurrencies, and it saddens me to see so much anachronism and old-time mentality here in this thread (I wonder why those posts are posted here...).

They are the best form of money, but that would only be useful if governments recognized gold and silver as money - as they used to. However governments use fiat, and both PMs and crypto are better than fiat.

When fiat becomes 100% digital, with the banning of cash, at that point the entry/exit point from PMs will become problematic (not for institutional investors, but for the average joe - who won't be able to buy or sell even 1 ounce without big brother knowing it, taxing it, or preventing it). Cryptocurrencies will thus be complementary to PMs when fiat goes 100% digital. It'll be like this:

Metals <=> Cryptos <=> fiat

[svdleer]

I hate the 17000 $ wall

[Last of the V8s]

I hate the 17000 $ wall

more of a broken-down old fence than a wall

[svdleer]

I hate the 17000 $ wall

more of a broken-down old fence than a wall

so true

[fabiorem]

I hate the 17000 $ wall

We need to siege it.

[DaRude]

because otherwise you would sell all of your bitcoin and invest in bcash

Oh but I have. I hold much more Bitcoin Cash than Bitcoin Segwit. But that is really irrelevant. Do you hold any stocks? Bonds? T-Bills? Dollars? If you are so sure that Bitcoin Segwit is the be-all and end-all, why do you own anything but? Not that I find this a valid line of reasoning; I am just turning your words around on you.

and participate in the bcash discussions

I regularly participate in Bitcoin Cash discussions. What makes you think that I do not?
...

and you just want to complain about bitcoin,

No. I want to alert about the weaknesses of Bitcoin Segwit.
...

No, but see, it's very relevant, and this is exact point that you seem to miss or err pretend to not realize. So let me try to spell it out for n00bs that might be getting confused by all of this Bcash shilling, if JJG held minority of his assets in stocks/bonds/t-bills, yet spent MAJORITY of his time on those boards saying how they're all idiots and it will collapse, that would be, now say it with me, yes, trolling, and no, by saying that he's just trying to alert those stock/bond brokers of the weakness of their system wouldn't make it any less trolling. Now shoo under the bridge you go

[bitserve]

CBOE CEO: ‘let’s do this every Sunday! This is a ton of fun.'

https://www.reuters.com/article/us-bitcoin-futures-cboe-interview/more-to-come-after-bitcoin-futures-launch-cboe-ceo-idUSKBN1E52JP

[fluidjax]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

[DaRude]

I keep reading about how precious metals are so much better than cryptocurrencies, and it saddens me to see so much anachronism and old-time mentality here in this thread (I wonder why those posts are posted here...).

They are the best form of money, but that would only be useful if governments recognized gold and silver as money - as they used to. However governments use fiat, and both PMs and crypto are better than fiat.

When fiat becomes 100% digital, with the banning of cash, at that point the entry/exit point from PMs will become problematic (not for institutional investors, but for the average joe - who won't be able to buy or sell even 1 ounce without big brother knowing it, taxing it, or preventing it). Cryptocurrencies will thus be complementary to PMs when fiat goes 100% digital. It'll be like this:

Metals <=> Cryptos <=> fiat

Why would i spend my crypto on those elements then? What's the confirmation time to transport it? What about security, how would i generate a seed from this pile of Au?

[orpington]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

Sure hope they pull Bcash off life support in January. Its such an embarrassment.

[jonoiv]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

Sure hope they pull Bcash off life support in January. Its such an embarrassment.

secretly buys bcash 

[HairyMaclairy]

CBOE CEO: ‘let’s do this every Sunday! This is a ton of fun.'

https://www.reuters.com/article/us-bitcoin-futures-cboe-interview/more-to-come-after-bitcoin-futures-launch-cboe-ceo-idUSKBN1E52JP

On the heels of the launch, three fund managers, REX Shares LLC, Van Eck Associates Corp and First Trust Advisors LP, went back to the U.S. Securities and Exchange Commission seeking permission to launch bitcoin exchange-traded funds.

Yeah Im supportive of ETFS. 

[orpington]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

Sure hope they pull Bcash off life support in January. Its such an embarrassment.

secretly buys bcash  

except that only a fucking idiot would actually buy bcash.

So speak for yourself, right?

[savetherainforest]

A little history ...

But adoption is even stronger and more advertised now. Plus the big players (the banks) are getting involved, and also probably governments.

[Meuh6879]

Legs and ... catapults ?

[ssmc2]

Wtf litecoin

[lightfoot]

We now get a Bitcoin price & chart on the 7PM news every night. Tonight we got this as well:

1) What show is that?
2) They should have DOGE and the doggie symbol up there MUCH COINZ!!!!

[jonoiv]

Wtf litecoin

Looks like ZEC is about to break BTC resistance too! 

[lightfoot]

Wtf litecoin

As I said earlier, sold a couple of them yesterday at $160 or so each, part of my have to take money out thing for quarterly expenses and such. Every time I do this, the price of that coin goes bonkers that afternoon.

(Yes, sometimes I feel like a narcissist, sometimes I feel like the universe personally exists to toy with me like a cat with a ball of yarn).

Anyway, never dull. I'll have to remember to sell a few bitpennies next time or something... :-)