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

[Searing]

Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".

Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.

Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.

I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.

I am not lucky. I am strong.

yep...I'm in the same boat....it was what on Aug 7th, 2017 BTC was 63,383.38 I think (see previous postings) right now BTC is at 6,311.63 USD.

So fine, I watched it go from 19k to now 6,312.63....and same as you was in full HODL mode of my hoard since 2015. Living on Altcoins now (ouch! that may not last!)

The real question is....when it starts to PUMP (assuming) and gets to 12-14k...will I then snap and sell in the OTHER direction?

It was damn hard in HODL mode watching it go down..it MAY be just as damn hard not cracking if it goes back up

anyway, if no bubble occurred last year at these prices vs 2017 at this time..we'd be doing cartwheels now

so hell, if it is all a matter of perception and guess anyway, so far I've simply held (at least my BTC) same amount hoard since 2015.

I'm either a genius or an idiot

As they say, this price is 1) either the high or 2) or the low, as of right now..place your bets, folks...

flip a coin, I  guess

brad

[BTCMILLIONAIRE]

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Had a good chuck. Would laugh even harder if it was indeed over or/AND if Bitcoin got hacked indeed. Wouldn't like it, but would be very entertained if it happened immediately after your post.

I'm either a genius or an idiot

Same difference.

[realr0ach]

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.

If the price goes up or down at like a prolonged 15 degree angle, that's called an aggregate market.  It means the market might have some type of valid support somewhere.  Bitcoin, on the other hand, is nothing but vertical cliff face rises anytime the price moves (plus a combination of leverage and Bitfinex fraud), meaning obvious pump and dumps and Gox-style manipulation with no real, valid support.  When was the last time you saw anything resembling an aggregate market in bitcoin? Probably when the price was all the way back at $200, so nobody has any clue where the real support is in it's current, obviously manipulated, bubble state.

[Elwar]

Part of it is poking fun at legacy finance folks that I've started seeing on reddit. Financial advisers that were so good at their jobs that they never saw how well Bitcoin would do. For some reason their government required certifications did not include looking into things outside of their bubble. And instead of recognizing a potential new technology, they attack it because they need to protect their old system (after all, they did invest a lot of time in those classes and certs).

[BTCMILLIONAIRE]

The thing with certifications is that they give you a false sense of accomplishment and closure, even though most of them are trash and only require a bare minimum understanding and aptitude. Otherwise the broad masses would start complaining that it's too hard for them to get anywhere in life whilst not putting in the required effort. Not necessarily a government problem in that regard, although I'm not going to even try to speak positively about it (gov).

[Elwar]

The thing with certifications is that they give you a false sense of accomplishment and closure, even though most of them are trash and only require a bare minimum understanding and aptitude. Otherwise the broad masses would start complaining that it's too hard for them to get anywhere in life whilst not putting in the required effort. Not necessarily a government problem in that regard, although I'm not going to even try to speak positively about it (gov).

My best friend went through the whole thing to become a financial adviser. He convinced me that whole life insurance was a good investment.

It wasn't until I was trying to defend it in an online forum using math that I realized how horrible it was.

[realr0ach]

physical life insurance

[Elwar]

I know history doesn't repeat itself but rhymes and such, blah blah...

Here is my quick rough picture showing where I think we are if we are repeating the previous cycle.

[mymenace]

The thing with certifications is that they give you a false sense of accomplishment and closure, even though most of them are trash and only require a bare minimum understanding and aptitude. Otherwise the broad masses would start complaining that it's too hard for them to get anywhere in life whilst not putting in the required effort. Not necessarily a government problem in that regard, although I'm not going to even try to speak positively about it (gov).

My best friend went through the whole thing to become a financial adviser. He convinced me that whole life insurance was a good investment.
It wasn't until I was trying to defend it in an online forum using math that I realized how horrible it was.

My life is uninsured, martyred even

shame how life turns out

physical life insurance

Unlimited fear, unlimited potential

And up goes bitcorn

[bitebits]

still bearish

May I genuinely ask why? I can't think of much to be bearish about, especially not justifying a 30% downswing in two weeks time long after the December ATH.
Don't let the reason be 'because the price goes down', since that is a poor and manipulable indicator of Bitcoin's state. Think for yourself.

[bitebits]

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Brilliant. Thanks for posting.

[jojo69]

... best friend ...financial adviser...convinced me that whole life insurance was a good investment.

yeah...the return on that policy isn't the only thing that isn't adding up here

[mymenace]

still bearish

May I genuinely ask why? I can't think of much to be bearish about, especially not justifying a 30% downswing in two weeks time long after the December ATH.
Don't let the reason be 'because the price goes down', since that is a poor and manipulable indicator of Bitcoin's state. Think for yourself.

Basically no deer will ever understand except memory dealers

and sadly the deer's have no eyes

with the volatility memories have become passe

yet the escape will be worst for the deer's left behind

[JayJuanGee]

I wouldn't hate on Roger too much, he helped make bitcoin what it is today and was one of the first merchants to accept bitcoin as payment.

I'm heavily behind bitcoin but on the dark web now most sellers are only taking Monero and not BTC.

Two nonsense points.

First there is plenty of reasons to hate on Roger, and second, who gives a ratt's ass about Monero.  this is a bitcoin thread. 

[HairyMaclairy]

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

[JayJuanGee]

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

[hamza987]

Bitcoin is getting weaker and weaker as the time goes but in the recent month I think we will see a rapid rise of btc. And eventually it will benefit both new and current investors but those who cash out will be in loss

[mymenace]

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

The memories of future's past have come back to haunt
Seeing bitcoin evolve into an army of damned
But my menace persisted in haunting me

Never unyielding, always vigilant
Hunting as taught by the very trolls that mocked
the menace never stopped, silently creeping in at night
distracting, thought provoking and downright unnecessary

[hv_]

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Paper is only big in btc due to futures.

Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.

Have more fun.

[bitcoinPsycho]

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Paper is only big in btc due to futures.

Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.

Have more fun.