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Question: July 21 Closing Price:
<$5,000 - 14 (13.1%)
$5,000-$5,500 - 5 (4.7%)
$5,500-$6,000 - 13 (12.1%)
$6,000-$6,500 - 21 (19.6%)
$6,500-$7,000 - 19 (17.8%)
$7,000-$7,500 - 9 (8.4%)
$7,500-$8,000 - 9 (8.4%)
$8,000-$8,500 - 1 (0.9%)
$8,500-$9,000 - 1 (0.9%)
>$9,000 - 15 (14%)
Total Voters: 107

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20328383 times)
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Last of the V8s
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June 12, 2018, 01:47:14 AM

I bet Coinbase insiders sold btc on May 6th to buy up their latest shitcoin (ETC)
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June 12, 2018, 01:47:39 AM

https://coinpick.today/42-billion-lost-in-an-hour-panic-selling-and-market-manipulation-are-the-primary-reasons-of-bitcoin-slump/

Quote
The Bitcoin price crash was caused by market manipulation and panic selling, rather than the Coinrail hack that mainstream media attributed it to.

The price of Bitcoin and other cryptocurrencies have dropped over the past few hours, with Bitcoin now trading above the $6,700 mark. This means that Bitcoin has plunged down by 11% over the past 24 hours. This sudden market crash has got the whole cryptocurrency market talking and the mainstream media and other cryptocurrency news sites are attributing this crash to the Coinrail hack that occurred yesterday.

However, some market experts and traders have claimed that the hack of a minor cryptocurrency exchange isn’t the reason why the market is down, rather the main catalysts are market manipulation and panic selling by most traders.
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June 12, 2018, 01:50:35 AM

https://coinpick.today/42-billion-lost-in-an-hour-panic-selling-and-market-manipulation-are-the-primary-reasons-of-bitcoin-slump/

Quote
The Bitcoin price crash was caused by market manipulation and panic selling, rather than the Coinrail hack that mainstream media attributed it to.

The price of Bitcoin and other cryptocurrencies have dropped over the past few hours, with Bitcoin now trading above the $6,700 mark. This means that Bitcoin has plunged down by 11% over the past 24 hours. This sudden market crash has got the whole cryptocurrency market talking and the mainstream media and other cryptocurrency news sites are attributing this crash to the Coinrail hack that occurred yesterday.

However, some market experts and traders have claimed that the hack of a minor cryptocurrency exchange isn’t the reason why the market is down, rather the main catalysts are market manipulation and panic selling by most traders.

Bob, you're preaching to the choir, it is obviously the composite operator at work here, ask me how I know.
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June 12, 2018, 01:59:12 AM

[edited out]

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

I have my doubts about whether you are serious.  Here, we are talking about bitcoin, and frequently talking about cars or other material possessions is either tangential or weakly related to some bitcoin related point. 

In regards to cars, I have frequently been of the philosophy that they are a practical piece of depreciating property - and in my first years of building my investments, I tended to bargain shop for cars because I was still establishing my investments. 

Perhaps bitcoin has changed the game, to some extent, because bitcoin is a kind of investment that is much more flexible for entrance of dumb money, which I would have considered myself when I just left high school and for many years thereafter, as I was establishing my various investments.  So, in some sense, bitcoin is very powerful for a young person who may be strategic about how s/he decides to invest and strategize into it.

A car remains a reflection of your overall lifestyle and needs, and surely would not need to be permanent statement, unless your style is to buy a car and drive it for 30 years.  Some folks buy random cars, and they understand the temporary nature of their car(s).

Some cars hold their value better than others and some cars are more luxurious than others, and some have more bells and whistles than others. 

Seems to me that there is a delayed gratification concept that many people who are building their wealth should attempt to consider, so in that regard, a practical car can serve very well until other financial foundations are in place.

Also, if you invest well into bitcoin, and you have storage space, then you could have several kinds of cars to suite your various needs.  I have had periods in my life where I have owned several modes of transportation at the same time, but interests and lifestyle change, and sometimes it might not be practical to maintain more than one mode of transportation, and even in some cities, having a car might not be practical (but a nice bicycle or motorcycle might be more practical for that location).
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June 12, 2018, 02:24:08 AM

[edited out]

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

I have my doubts about whether you are serious.  Here, we are talking about bitcoin, and frequently talking about cars or other material possessions is either tangential or weakly related to some bitcoin related point. 

In regards to cars, I have frequently been of the philosophy that they are a practical piece of depreciating property - and in my first years of building my investments, I tended to bargain shop for cars because I was still establishing my investments. 

Perhaps bitcoin has changed the game, to some extent, because bitcoin is a kind of investment that is much more flexible for entrance of dumb money, which I would have considered myself when I just left high school and for many years thereafter, as I was establishing my various investments.  So, in some sense, bitcoin is very powerful for a young person who may be strategic about how s/he decides to invest and strategize into it.

A car remains a reflection of your overall lifestyle and needs, and surely would not need to be permanent statement, unless your style is to buy a car and drive it for 30 years.  Some folks buy random cars, and they understand the temporary nature of their car(s).

Some cars hold their value better than others and some cars are more luxurious than others, and some have more bells and whistles than others. 

Seems to me that there is a delayed gratification concept that many people who are building their wealth should attempt to consider, so in that regard, a practical car can serve very well until other financial foundations are in place.

Also, if you invest well into bitcoin, and you have storage space, then you could have several kinds of cars to suite your various needs.  I have had periods in my life where I have owned several modes of transportation at the same time, but interests and lifestyle change, and sometimes it might not be practical to maintain more than one mode of transportation, and even in some cities, having a car might not be practical (but a nice bicycle or motorcycle might be more practical for that location).
)
Thank you JJG for your thougthul response.  I agree completely, depreciating (who makes that decision BTW???). I would like to invite you and your signifcant(s) to my compound in AL (I already invited my ma) for a 2018 year-end BTC celebration.  Please let me know if you are available, PM for details. Most sincerely, junckmoneky.
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June 12, 2018, 02:47:00 AM

[  edited out  ]
I agree completely, depreciating (who makes that decision BTW???).

Kelly Blue book used to be a good place to attempt to determine car values, and the ones that depreciate more or less.

If you are attempting to be conservative about your car investment (such as getting the most bang for your buck) then you might look at depreciation, and of course whether the car is going to be expensive to maintain.  Certainly a lambo would be expensive to maintain, but folks who are buying lambos might well be buying their lambo for some other reason(s) rather than concerns about it holding value.  Of course, if you are thinking that you might die soon, then you are not going to give much weight to the depreciating aspect of a car, and you might consider just the experience of it.. such as a lambo...

For example, previously in this thread, I had made some comment that a young person should have a couple million in semi-liquid assets if planning to buy a lambo .. but that is just me, considering that if BTC prices go up and down, and you have 200 or more bitcoins, then you might be o.k. to buy a lambo (but I still think that would be a bit tight, at these BTC prices), but if you have only 100 bitcoins, then you might want to wait... don't want to blow nearly your whole wadd on one asset (toy)


I would like to invite you and your signifcant(s) to my compound in AL (I already invited my ma) for a 2018 year-end BTC celebration.  Please let me know if you are available, PM for details.

Even though I am not going to consider meeting for new years, what is a "compound in AL?"  Seems a bit strange to invite me.  May as well invite the whole WO thread?   Offer drinks too.. oh wait, someone else did that.... and did not work out too well for us, WO participant peeps.   Cry Cry Cry
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June 12, 2018, 02:55:09 AM

I would like to ask my posting friend nanobtc for advice.  TYIA  *(TankUinAdvance)((((!!!!!!

I have no good advice, that hasn't been said.

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June 12, 2018, 02:57:30 AM
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Is troll face pattern bullish or bearish? Sorry I know this is chart pattern analysis 101 but please bear with me.
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June 12, 2018, 03:03:06 AM

I'm disheartened to hear you won't be able to celebrate new years with us JJG. Regardless; thank you for considering this once in a lifetime opportunity!    Sincerely, junckmonkey.
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June 12, 2018, 03:23:27 AM

BULLISH!
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June 12, 2018, 03:37:53 AM

1h


4h


D

Shake and bake coming methinks..  Lot of shorts building up on 'fenix fyi.. 

#stronghands
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June 12, 2018, 03:45:02 AM

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June 12, 2018, 03:52:04 AM

I had smelled a harder than usual weekend after looking at the opening the previous Monday. The new week isn't all roses, either. It could have started off much worse, sure. Be as it may, I'm afraid we aren't done yet.
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June 12, 2018, 03:56:03 AM

I'm thinking to cancel my fiat retirement savings plan and switching to Bitcoin.

Fiat savings is kinda pathetic, i'm gonna call my agent today to bring him some bad news  Smiley
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June 12, 2018, 04:03:59 AM

I'm thinking to cancel my fiat retirement savings plan and switching to Bitcoin.

Fiat savings is kinda pathetic, i'm gonna call my agent today to bring him some bad news  Smiley

Make sure you have some phiz if you aren't going to keep anything in fiat. Not just for the obvious reasons, but also so that you can keep a cool head during the ups and downs in bitcoin.
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June 12, 2018, 04:24:21 AM

I think the pain is just beginning.
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June 12, 2018, 04:25:47 AM

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.
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June 12, 2018, 04:40:31 AM
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I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.
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June 12, 2018, 04:42:52 AM

three thousand dollars

wow

that's like over 2 ounces of gold...crazy
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June 12, 2018, 04:44:05 AM

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

I don't expect it to happen overnight..
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