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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26403351 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
bitebits
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January 19, 2018, 09:43:53 PM

Theres whaleclub but I dont consider myself a whale, more of a dolphin.

A dodge dolphin. Someone with photoshop skills?
thrax
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January 19, 2018, 09:45:09 PM

Wasn't there some service that connected whales peer to peer for crypto <-> fiat trades?

Do you mean OTC trading platforms like BITCOIN-OTC, or the other three mentioned in the link?

https://themerkle.com/top-4-bitcoin-otc-trading-platforms/
bitChipper
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January 19, 2018, 09:49:49 PM

What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask.

Looking to cash out $3M USD worth of Bitcorn before March 1 to have it working for me in a retirement portfolio by end of Q1.

Ideally, I'd like to sell higher than lower, but recognize this is a rough season.

$3Mil USD into a retirement portfolio by end of Q1 huh? thats an impressive goal...

may i ask how you intend to get into a retirement portfolio? or how you intend to deal with tax liability?
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January 19, 2018, 09:50:16 PM

Theres whaleclub but I dont consider myself a whale, more of a dolphin.

A dodge dolphin. Someone with photoshop skills?

 Swimmin' with the fishes -


Last of the V8s
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Be a bank


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January 19, 2018, 09:57:01 PM


parking lot of a btc conference
TERA2
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January 19, 2018, 09:58:12 PM

or just a parking lot in miami
HairyMaclairy
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January 19, 2018, 10:01:24 PM


Is this "priced in", or are we going to catapult down even further when they do finally go under?  Wondering how much of the recent plunge was the futures contracts coming due versus BitConnect.

No it’s not priced in.  Tether popping would see a monumental market recalibration.  Keep in mind there are lots of exchanges that heavily use Tether as a reserve currency like Bittrex and HitBC.  I believe that Bitstamp and GDAX use “real”  USD but they would not escape the firestorm.

I don’t have good answers how to mitigate the risk other than exiting the market completely.
serveria.com
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January 19, 2018, 10:01:39 PM

Imo you could better take several days of holiday hunting coyotes and whatnot. This weekend will be critical to know if the bottom holds.

Mentally psyching myself up to sell my next block, next week around $11.5k, if we don't find support at $12.5k.

I need to stay on schedule for end of Q1.

If I were your I'd wait for a week or two. If Masterluc is right (and he always was up till now) you won't regret it.  Smiley
jonoiv
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January 19, 2018, 10:04:13 PM



https://www.etoro.com/people/mobinetw

the guy who owns the website, is a permabull that refuses to accept crypto in any form.

so it used to print in 25m usdt a day, a year later it's 100m a day.    Looking at the total market cap, of all crypto at least 10 x increase since, jan 2017.  Then a 4 fold increase for tether seems reasonable.

Not checked those figures, but just saying 3 billion a month seems reasonable considering the amount of exchanges that use USDT as a hedge.  

having said that, im still a bit worried  Undecided
El duderino_
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January 19, 2018, 10:06:20 PM


Breaking 24777$ prediction game      FINAL LIST       

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UPDATE     AND GOOD LUCK
JayJuanGee
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January 19, 2018, 10:08:28 PM


So what?

You are coming off with some BIG blocker talking points and trying to suggest that bitcoin has value only if it can be used for retail right now?

I said nothing of the sort

You said that bitcoin is not a good fit for retail at this time, and you suggested that there is some kind of urgency to fix bitcoin or to lose and opportunity and bitcoin was NOT doing what it should be doing...blah blah blah..

In other words... good enough for me to conclude that either you have been BIG BLOCKER brainwashed or you are one of those nutjobs...  Tongue Tongue


Quote
There is no artificial narrow window opportunity that you assert.

That is a matter of opinion.  I fully understand that the LN devs need to take their time and absolutely get this right, but the longer it takes the more opportunity there is for an alt to seize the, currently unserved, retail use case.

Yeah, right.  Who fucking cares?  If ethereum or bcash is able to develop their currency and retail use cases, then let them.  Why does it matter?

And, why would that even matter?  If bitcoin is able to later improve various micro-transactions in terms of fees and speeds, then no one would use bitcoin because these other crypto systems are supposedly already being used?   Seems like you are just making up a problem on a bunch of supposed hypotheticals and creating your own sense of time pressures.



Quote
With the passage of time bitcoin is going to grow and grow and grow, so who gives a ratt's ass about if you can buy coffee with it today at this particular moment?

Certainly not me, and I have stated as much on a number of occasions.  As I said above, I support cores choices to prioritize security and decentralization at the expense of speed and thrift.


Perhaps we agree about this point?  I will use whatever seems most feasible to buy a cup of coffee, and if it were feasible to use bitcoin, then perhaps I would use bitcoin - even though at this moment we are not there, and we are not even seeming to be close to that - even though maybe 1 year ago the fees and transaction times would have allowed us to use bitcoin to buy coffee.



Quote
You can quote me in posterity if you like, but I would be a bit surprised if in 5 years buying coffee would be impractical with bitcoin or some affiliated means - but even if bitcoin remains impractical for buying coffee in 5 years, so fucking what?  I believe that bitcoin still has decent odds of being at least 50% more valuable than today, and also likely the dominant crypto... if it is NOT then, I will likely also have moved over to that other bitcoin killer crypto that took its place.  

TLDR: I doubt that investing in bitcoin is betting on the wrong horse, even if bitcoin is currently not practical at this time to use to buy coffee or other small retail.

I agree with all this and am in full agreement with holding the line on BTCs store of value use case.  That said, the retail use case WILL be served, and soon, if not by LN then by a well engineered alt with a strong dev team.  As time drags on I will be keeping my eye out for that.

Sounds like an artificially created problem if you believe that there can only be one mutually exclusive payment processor .. especially while it seems quite likely to me that the next 5 to 10 years are going to have a lot of transitions, development, adoption and even building of user-friendliness before globally scaling... You likely appreciate that we do not just go from zero to global scaling of any system whether that be a micro-transacting system, a storage of value system or one that includes both of those use cases plus other use cases ( that are likely even currently unknown use cases).
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January 19, 2018, 10:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?
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January 19, 2018, 10:14:12 PM

JayJuanGee
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January 19, 2018, 10:14:40 PM

Even if Bitcoin never managed to become an efficient tool for remittance and retail

It already is efficient and successful as a remittance tool.


it will still remain valuable and keep growing for at least as long as no other crypto replaces it as the default base pair in trading alts.

That is a pretty pathetic description of "a significant" bitcoin use case.




This also means that it'll grow at least proportionally to the overall crypto market for the time being.

You seem to be lacking in imagination... no?    Roll Eyes


Also, the window of opportunity that jojo noted is a very real threat to Bitcoin's position at the very top. Competition is fierce and the market moves fast. All it takes is a superior coin and the right marketing/hype. Granted that's very difficult to pull off (as it would require resources well beyond what ICOs raise), but it's not something that is unthinkable.

Oh my!!!!!  Sounds scary.    Shocked

Our anthropomorphized bitcoin should be shaking in its proverbial boots, no?
jonoiv
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January 19, 2018, 10:17:42 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit.   cash out everything to fiat and forget the whole thing?
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January 19, 2018, 10:21:22 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit.   cash out everything to fiat and forget the whole thing?

Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year.
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January 19, 2018, 10:21:30 PM

Just to let folk know, as I haven't spotted this mentioned, you can claim another shitcoin today: BCX. It's going for around 3.5% per BTC on gate.io currently. Dumped all mine. Instructions for sending the coins to exchange can be found here: https://www.reddit.com/r/BitcoinAirdrops/comments/7rfo5c/how_to_claim_your_bcx/

These free shitcoins are brilliant for topping up your bitcoin stash.

It's not a bad return at all for a couple hour's work. The trick is to get there early (or wait for a pump).

FYI Got some 6 weeks ago. Selling on Cryptopia...

Really? I don't see a market there for it. You can sell BTX there, is that what you were thinking of?
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January 19, 2018, 10:23:04 PM


Ok let's suppose that Tether implodes in insolvency b/c they printed unbacked or the backing USD vanished or they get raided, then why should BTC suffer? I guess that the only lifeboat in such instance would be any crypto other than USDT.
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January 19, 2018, 10:23:08 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit.   cash out everything to fiat and forget the whole thing?
Well in 2014 i went 75% bank and 25% cold storage, completely ignored the market for 2 years, and then in 2016 I came back. I never reccomend full fiat and it's easier for all your fiat to stolen than it is for bitcoin to lose all of its value.
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January 19, 2018, 10:23:16 PM

Even if Bitcoin never managed to become an efficient tool for remittance and retail

It already is efficient and successful as a remittance tool.


it will still remain valuable and keep growing for at least as long as no other crypto replaces it as the default base pair in trading alts.

That is a pretty pathetic description of "a significant" bitcoin use case.




This also means that it'll grow at least proportionally to the overall crypto market for the time being.

You seem to be lacking in imagination... no?    Roll Eyes


Also, the window of opportunity that jojo noted is a very real threat to Bitcoin's position at the very top. Competition is fierce and the market moves fast. All it takes is a superior coin and the right marketing/hype. Granted that's very difficult to pull off (as it would require resources well beyond what ICOs raise), but it's not something that is unthinkable.

Oh my!!!!!  Sounds scary.    Shocked

Our anthropomorphized bitcoin should be shaking in its proverbial boots, no?
1. Not for smaller transfers, no.

2. and 3. Context. I've isolated the worst case use case as an example, which in reality is just one part of the equation. A part that has sufficient potential to justify valuations in the trillions.

4. Extremely unlikely doesn't mean impossible. I'm incredibly bullish on Bitcoin, but that doesn't mean that it's a sure shot.
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