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

[HairyMaclairy]

We are neither rich, nor poor, yet.

HODL on.

Ah yes, that ambiguous grey zone between $1k per BTC and $1 million per BTC.

[1714498885]

1714498885

[Searing]

We are neither rich, nor poor, yet.

HODL on.

Ah yes, that ambiguous grey zone between $1k per BTC and $1 million per BTC.

My concerns are now put to rest...that pretty much nails it!

[jojo69]

good man

[Icygreen]

Just got this email from Bitstamp. They want me to label my incoming transfers as "INVESTMENT"
This will likely classify your crypto purchases for tax collection agencies.  Maybe I'm just overthinking it?

Dear Icygreen,

please follow this quick tip, to get the best possible Bitstamp experience:

When sending a deposit to Bitstamp from your bank, please write your deposit reference number and the words "investment deposit" as the remittance / transfer information.

Therefore, the transfer message should look like this: 123456789012 investment deposit

snipped.

[HairyMaclairy]

I got the same message. If it helps protect their fiat onramp, I’m ok with it.  Investment suggests long term holding rather than trading so it’s not disadvantageous from a tax perspective.  It’s actually a really good idea.

[HI-TEC99]

I got the same message. If it helps protect their fiat onramp, I’m ok with it.  Investment suggests long term holding rather than trading so it’s not disadvantageous from a tax perspective.  It’s actually a really good idea.

At least bitstamp has a bank. Bitfinex was struggling to do business with the banks for a while.

[HairyMaclairy]

One of the banks that I have used wasn’t sure whether Slovenia was an actual country.  It wasn’t on their system so they had to use paper forms for wires...   I stopped using them after it took an hour in person at the branch to send a wire.

[HI-TEC99]

One of the banks that I have used wasn’t sure whether Slovenia was an actual country.  It wasn’t on their system so they had to use paper forms for wires...   I stopped using them after it took an hour in person at the branch to send a wire.

Did bitstamp ever send a wire deposit to that bank account? Did the bank ever refuse to accept it as it considered Slovenia a non-existent country?

[mindrust]

I'll be holding and even buying more till the next halvening at least. I was making purchases with %10 of my monthly income and starting from last month I increased it to %100. I'll be throwing every bit I get from my work to Bitcoin for the next 2 years. (Not touching the papers in the bank already unless bitcoin goes below $3k) Max Keiser who has been holding since $3, says it won't stop till It breaks $100k. I'll take that bet.

[Phil_S]

We are neither rich, nor poor, yet.

HODL on.

I'm holding until the end of 2019. Maybe then...

[HairyMaclairy]

One of the banks that I have used wasn’t sure whether Slovenia was an actual country.  It wasn’t on their system so they had to use paper forms for wires...   I stopped using them after it took an hour in person at the branch to send a wire.

Did bitstamp ever send a wire deposit to that bank account? Did the bank ever refuse to accept it as it considered Slovenia a non-existent country?

Bitstamp is an entry point not an exit point for me so have not had to deal with that!

[HI-TEC99]

I'll be holding and even buying more till the next halvening at least. I was making purchases with %10 of my monthly income and starting from last month I increased it to %100. I'll be throwing every bit I get from my work to Bitcoin for the next 2 years. (Not touching the papers in the bank already unless bitcoin goes below $3k) Max Keiser who has been holding since $3, says it won't stop till It breaks $100k. I'll take that bet.

[JayJuanGee]

We are neither rich, nor poor, yet.

HODL on.

I'm holding until the end of 2019. Maybe then...

Halfening is 2020 - and there may be a bit of a delay in the upwards BTC price pressures that come from the halfening dynamics....

So probably better for folks to have plans of HODL their BTC (and accumulate) at least until the end of 2020 and perhaps into 2021 - of course, halfening pump of BTC price could get priced into bitcoin before the actual halfening date (which will likely be early 2020), so that early pump might be a factor to watch. 

Furthermore, looking at your seemingly linear chart (your cute straight line), even though retrospectively you might be able to draw a straight line in terms of bitcoin price movement, it is not really easy to project a straight-line for future BTC price performance... so in that regard, actual BTC price performance can go way below the line or way above the line, even while the line might be amongst the most reasonable of floor scenarios (BTC does not tend to be reasonable).

[Phil_S]

Yeah, no straight lines in this racket.

It kinda feels that 2018 might be a quiet year.

But after that, 2019 might be another "year of bitcoin", just like 2017.

[HairyMaclairy]

I don’t think this is going to be a quiet year like 2014. There’s just too much going on underneath the surface. Binance signed an MOU with the government of  Bermuda in the last 24 hours. And that’s just one example.

[Phil_S]

Yeah, but we already spent 1/3 of 2018 going down. We might need another 1/3 just to inch back to 1/1/2018 levels, and the rest to try to break the ATH in nov/dec.

[JayJuanGee]

Yeah, no straight lines in this racket.

It kinda feels that 2018 might be a quiet year.

But after that, 2019 might be another "year of bitcoin", just like 2017.

How would you know whether we are in store for a quiet year or an exciting year, in the remainder of 2018?

  It seems to me that the BTC price battle is continuing and ongoing. 

Sure, there may be a bit of a slow down in apparent action in recent times, but the warring sides in this battle are likely regrouping rather than giving up (you do not have any evidence that one side or the other is giving up at this current price or that one side dominates the current BTC price direction), and we cannot rule out the continuation of the BTC price battle or that BTC price matters are going to be quiet in the coming 7 months or more.. we also have some restless alt-coins, too.

[JayJuanGee]

Yeah, but we already spent 1/3 of 2018 going down. We might need another 1/3 just to inch back to 1/1/2018 levels, and the rest to try to break the ATH in nov/dec.

You have been talking this bullshit and non-substantiated bearish talking points in the past several months... Sounds like you are wishing rather than speaking based on actual evidence.  Furthermore you have been talking BTC prices down from $6700 to our yesterday's $9,700 price, but we barely had any price corrections from $6700 to $9700, and personally, I had not had any chance to buy back any BTC, until the past day or so... ..

So, yeah, I was glad to have some opportunity to buy back some bitcoins, and this BTC price correction of the past 24 hours does not mean that UP is over or that $10k resistance is not going to be tested or even broken.  So, hang on Phil_S, and don't expect that there is only one BTC price direction when you have already  been considerably wrong in your doom and gloom nonsense of the past months, and I suppose you would have thought that we would be down to $3k by now, and hardly gotten even close to that, yet.

[HairyMaclairy]

Eh you can go a bit easier JJG his comment wasn’t unreasonable. 

[Icygreen]

Eh you can go a bit easier JJG his comment wasn’t unreasonable. 

Yup, I waz thinking the same. I enjoy hearing others sentiments/predictions and I wouldnt want others remaining silent for fear of being heavily critiqued.  Just sayin.