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

[xhomerx10]

Once you have more than you can carry it is time to diversify.

I can carry one hell of a lot of BTC.

the last time I tried to carry 2K OzT I pulled something in my back.

 It's 'cause you got too greedy and went with the Troy system.  See, if you had gone with the Avoirdupois system that would have been a manageable weight for short hauls.  Hope it wasn't silver.... The value of that woudnt have covered your medical bills!

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[Cassius]

Once you have more than you can carry it is time to diversify.

I can carry one hell of a lot of BTC.

the last time I tried to carry 2K OzT I pulled something in my back.

 It's 'cause you got too greedy and went with the Troy system.  See, if you had gone with the Avoirdupois system that would have been a manageable weight for short hauls.  Hope it wasn't silver.... The value of that woudnt have covered your medical bills!

I see what you did there, taking the opportunity to casually backhand the anti-Semite on your way past. Merit worthy.

[Ivor Biggun]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

Well the rest of us have real jobs. We’re actually adding value to crypto, not just trading like a parasite off the market to pay our bills like fucking losers cuz we can’t get a legitimate paycheck.

BobLawblaw and Searing haven't got real jobs, they both retired using their trading profits. I don't think that makes them parasites, it makes them the kind of winners we all want to be.

Holy shit. I think I'm unofficially retired as of an hour ago.

When BTC went above 10k with other Alts also up....cracked like a walnut and retired on 1/14/18... want to go 3 years and live off crypto till I'm 66 years
  

Another winner is jbreher, who's using his trading profits to retire on Jun 30.

Not retired yet. That won't kick in until end of 2q18.

I've given my notice. Jun 30 I am out the door.

Anon136 is another member who thinks retiring using his trading profits sounds good.

I've been here since 2010. This profit that I just took is enough to retire on. If I leave it in bitcoin maybe it goes really really low and I have no retirement, I have to go get a damned job.

[Raja_MBZ]

Well guys I did the unthinkable that I told myself I would never do it. For the first time in my life I tried to get clever instead of just hodling. I just sold my bitcoin with the intention of buying back lower. Eeek. This is terrifying.

It's very terrifying. I did it back in January when it dipped to somewhat like $13000. At the end, I FOMO'ed and bought back in higher. I decided to never ever trade against Tether again after that. Only crypto to crypto trades.

One should only trade against tether if there's any sort of access to fee-free trading.

[Ivor Biggun]

BobLawblaw and Searing haven't got real jobs, they both retired using their trading mining profits. I don't think that makes them parasites, it makes them the kind of winners we all want to be.

Can't speak for Searing, but I mined 90% of my BTC holdings, before selling my ASICs off in late 2015, for more BTC.

Bought a few small dips with fiat for shits and giggles, and converted a bunch of BCH->BTC when the fork happened to considerably boost my BTC holdings.

I've been HODLing for years. Long term gains taxed at 23.8% using FIFO accounting, muthafuckahs !!!  

Also, looks like the apocalypse got called off.

YAY WEEKEND RALLY ! (?)

You're still both winners in my book.

What's FIFO accounting?

[conspirosphere.tk]

Hopefully this channel won't break.

[Ludwig Von]

Hopefully this channel won't break.

That will depend on the "Untrustworthy" Trustee ?

[conspirosphere.tk]

That will depend on the "Untrustworthy" Trustee ?

To their credit, Kraken tried to save us:

[infofront]

As soul-crushing as it feels for the price to capriciously fluctuate $2-3,000 from one day to the next:

I am still incredulous the price hasn't tested below $5,000 even ONCE since we sliced through it like butter five months ago.

The daily 200MA is still RISING and currently sits at ~$9,000.  Hell, the 100MA is only now flattening out just over $12,000!

The market has more or less ABSORBED all these Mt Gox mega-dookies, like a thirsty sponge, averaging +/-$10,000 for much of the time.

At least this time, once we finally pass $10,000 for the last time and eventually hit a new ATH, HODLers will feel like they frucking EARNED it.

 

There are a lot of new hodlers who jumped on board last year. Going through a market such as this is basically a rite of passage for new hodlers. When this is all over, we'll have a new generation of grizzled, battle-hardened, strong hands.

[Ivor Biggun]

Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as this. It's was like going whale watching and seeing the occasional orca swim through I'm pretty impressed then cathulu casually strolls by. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

That's a mere 14,999 BTC. The bitstamp "A s*it load of money" audit transaction involved 194,993 BTC.

On Nov 22 2013 it was worth 149M USD.

https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

[Flamaicon]

Its clear now that Mt Gox was the problem! No chinese new year, no FUDs, no ban, no whales, no futures... since end 2017 Mt Gox sell 40.0000 bitcoins, around 400 milions dollars and have more 1.5 bilions dollars to sell this year and all this sell wall mix with weak hands. So, think about it... think about all good perspectives, its a new and big promisor market with a lot of money to join. 2018 have more progress with legal laws... many countryes are regulate it... we are in progress... dont be a weak hand. Dont folow the wave. Believe and be patience. Big profits coming.

[cofefeGandalf]

As soul-crushing as it feels for the price to capriciously fluctuate $2-3,000 from one day to the next:

I am still incredulous the price hasn't tested below $5,000 even ONCE since we sliced through it like butter five months ago.

The daily 200MA is still RISING and currently sits at ~$9,000.  Hell, the 100MA is only now flattening out just over $12,000!

The market has more or less ABSORBED all these Mt Gox mega-dookies, like a thirsty sponge, averaging +/-$10,000 for much of the time.

At least this time, once we finally pass $10,000 for the last time and eventually hit a new ATH, HODLers will feel like they frucking EARNED it.

 

There are a lot of new hodlers who jumped on board last year. Going through a market such as this is basically a rite of passage for new hodlers. When this is all over, we'll have a new generation of grizzled, battle-hardened, strong hands.

  Totally. People always think bitcoin profits are easy money but they for sure never went through bitcoins bull-bear cycles with the markets icy hand grabbing their balls. Doing nothing isn't as easy as it sounds, and only the survivors get rewarded, the weaklings get slaughtered.

[savetherainforest]

That will depend on the "Untrustworthy" Trustee ?

To their credit, Kraken tried to save us:

He waits until the iT-coin reaches 1+ million so he can pay everyone in millibits their fiat back, so he would sleep well during the night and not fear for his life.

[conspirosphere.tk]

Another channel flashing "Good Buy", daily chart:


https://www.tradingview.com/chart/BTCUSD/StXGkR9D-Will-it-hold/

[jojo69]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

not losing money is easy...refuse to make losing trades, your losses are never actualized and eventually the market comes back to you

[SidETH]

Not trying to be a party pooper here (honestly), but when the rest of those MtGox coins get dumped on the market (like hundreds of millions of $ at a time), aren't we just all absolutely fucked (no lube)?

[jbreher]

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??

No. You seem to be in league with plenty of other whining scared ninnies.

If he dumps, there will be a downturn. Then he will be incapable of further dumping. And Bitcoin will resume its destined upward climb.

Can you get inside his head? Sure, if you can get inside his head, you can sell (relatively) high and rebuy at the nadir. Can you bribe him? No? Then the only known winning strategy is hodl.

[Aqualung89]

We think it will be over $ 10000 when we arrive at the end of the week, especially at the weekend. But there seems to be a slight decrease in the week.

[jbreher]

Chill out a few more years and be a billionaire instead. And have women from Town & Country magazine scoping you out, which seems to be some American version of Tatler. Crypto at the gates indeed. 

You have me pondering the necessity of acquiring a new monocle. Until a couple pages back, I was blithely unaware of Town and Country. And now there's Tatler, too.

And I thought the Departures mag that AmEx sends me was overly pretentious....

[jbreher]

There may be a more decent market incentive to shake some the altcoin and ICO trash.

As can be seen by the Bitcoin Dominance figure, this seems to be happening to some extent.