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

[jbreher]

BlockFi looks to boost market with launch of high-interest accounts​.

New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.

https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/

Well that's audacious.

How the hell can something like that be sustainable?

Say if they lend it out at 20%

Yeah, that was pirate@40's claimed biz model. Again: unsustainable.

As someone pointed out above: Not yo keys, not yo bitcoin.

[LFC_Bitcoin]

Brilliant

[Last of the V8s]

https://www.newsbtc.com/2019/03/05/twitters-dorsey-buying-10000-bitcoin-each-week-bullish/
every little helps, thanks jack
maybe the bottom is in
https://www.instagram.com/p/Bm3mqZcHTlA/
https://www.instagram.com/p/BefBM8gHixy/

[JayJuanGee]

It just dawned on me that if the next high is say 260k as some punters suggest, then the next low after that could be omg -90% = 26k which frankly still seems like a shedload.

I won't be 'cashing out' or selling anything during that whole period because I've got everything I need.

I will be staying on here though even as old WObros slip away to Chile or Mexico or projects or prison as in previous cycles, because there will be an ever larger need for education, for clarity and for unity.

Things are going to get much much tougher when Coppola and Roubini run out of simplistic attacks like 'oh it crashed' and new attacks get formulated; and this is about all I've got to offer in help; my presence, a tiny bit of knowledge, a chunk of certainty and some courage.

To be practical, you gotta start cashing out at some time.  You are not going to live forever... and we saw your pic, you are at least in your upper 50s....

You are HODLing satoshi's to pass on to someone else, who likely would not appreciate those satoshi's as much as you?

I will just say that personally, I already have a pretty decent cashflow, too, and even a decent projected cashflow (without even including BTC in that); however, I am thinking that at some point within the next 4-10 years, I am just going to establish a plan in which I cash out of BTC at around 4% per year.. which will probably NOT be dependent on BTC price... which would be cashing out about 1% per quarter...  and I suppose that I could be a little bit strategic about those cashing outs too, perhaps?

I am also going to have to find something that I want to buy with it, which I am sure that I will figure something out.  Not a bad problem to have... Anyhow, if I see that death (or incapacity) might be coming sooner than I would hope, then I may increase my cashing out beyond 1% per quarter in order to cut into principle.  Play some of those cashing out details by ear, but I cannot really consider a plan to HODL for an indefinite time to be reasonable, either, unless I were in my 20s or 30s, then it might be a bit more practical.. but even then, if the value becomes high enough, then it starts to seem prudent to have  developed a kind of cashing out plan.. and a cashing out of around 4% per year would likely NOT dig into principle, anyhow.

[Last of the V8s]

https://1broker.io/?c=de/content/blog&id=89
1broker has settled with the SEC

[LFC_Bitcoin]

https://www.newsbtc.com/2019/03/05/twitters-dorsey-buying-10000-bitcoin-each-week-bullish/
every little helps, thanks jack
maybe the bottom is in
https://www.instagram.com/p/Bm3mqZcHTlA/
https://www.instagram.com/p/BefBM8gHixy/

I bet he’s on here under some kind of pseudonym. Thanks jack!

[BitcoinGirl.Club]

Hilarious!
True bitcoin lover 🙂

[BitcoinGirl.Club]

That's how it works.

[Raja_MBZ]

Twitter CEO Is Buying $10,000 In Bitcoin Each Week

https://www.newsbtc.com/2019/03/05/twitters-dorsey-buying-10000-bitcoin-each-week-bullish/

Hah... he'll be (effing) rich, and will probably surpass Mark Zuckerberg's net worth.

Nice going, Jack!

EDIT: Oops, seems like V8 posted this link when I was busy in googling (and comparing) Zuckerberg's and Jack's worth.

[JayJuanGee]

There is a certain probability that the hard won $3700 resistance a week ago, turns out to be a solid support from now on. At least it held yesterday, which is a good sign. If this is so, we are definitely forming the next bull market with higher lows: 3100->3300->3700. And if the bulls hold this line, then soon everyone will be convinced that 2018 bear market was just a small hindrance that will be overcome really fast. Otherwise, we will have to endure the pains of 2015 pattern and have multiple bounces of $3300 area. Anyway, the time for accumulation cheap coins will be less than a year.

Many peeps don't realize it but everything below the previous ATH is cheap. My prediction is 6k by summer, 10-15k fall and at least 40k in December 2019 so yes you only have some 8-10 months to stock up.

40K this year? Not gonna happen.

Why do you think so? If we won't reach 40k I'll get a bit worried about Mr. McAffee's ummm private parts... 

Fuck McAfee.  You cannot base your view of the world on such a nutjob, and he has more than 90% chance of losing that bet.. which is either going to show him as 1) the hypocrite that he is, 2) a dumbass for making such a high personal cost bet, 3) or a crazy person if he actual follows through with such a unnecessary drama queen move.. and yeah, he would literally become a queen at that point, if he is that stupid to actually carry it out.

He will just buy 1BTC for $1m from someone whatever the actual price of BTC is. This way he can tell everybody that 1BTC is worth $1m ... for him.

Hahahahaha.. In my seemingly bitter assessment of the situation, I did not even think of that option 4.   

[JimboToronto]

Buenos dias Bitcoinland. Sitting in Cancun airport waiting for a plane to Toronto.

I see we recovered from that tiny dip a couple of days ago and we're back over $3.8k... currently $3853USD/$5145CAD (Bitcoinaverage).

Hopefully we'll head on up from here.
_______

Before any superstitious sorts start thinking my trip up will lead to some kind of rally, I should warn you that I'll be coming back down in a few days. I'm just going up to grab a few bucks and rattle a few cages.

If you paid any attention on Groundhog Day, you'd know winter still has a way to go.

[BitcoinGirl.Club]

Twitter CEO Is Buying $10,000 In Bitcoin Each Week

https://www.newsbtc.com/2019/03/05/twitters-dorsey-buying-10000-bitcoin-each-week-bullish/

Hah... he'll be (effing) rich, and will probably surpass Mark Zuckerberg's net worth.

Nice going, Jack!

EDIT: Oops, seems like V8 posted this link when I was busy in googling (and comparing) Zuckerberg's and Jack's worth.

Rich getting rich however let them come and increase the demand of Bitcoin. Soon moon! 🙂

[jbreher]

Before any superstitious sorts start thinking my trip up will lead to some kind of rally, I should warn you that I'll be coming back down in a few days.

So what you're saying is... You're gonna initiate a bulltrap followed by a beartrap?

[kenzawak]

Episode 2 of the seastead docudrama.

https://www.youtube.com/watch?v=c83TiSJ6sfA

You even get a glimpse of the interior of the seastead.

Everyone keeps requesting we show them video of the inside but neither Nadia nor I are clean freaks so cleaning has not been a priority yet. No guests means nobody to judge.

Ooh boy! A Cliffhanger!

Points for 'middle finger to oppressors'.

I think that by "finger", he meant the spar. Ouch !

[BitcoinGirl.Club]

Much respect for this guy while I believe his words.

[xhomerx10]

Buenos dias Bitcoinland. Sitting in Cancun airport waiting for a plane to Toronto.

I see we recovered from that tiny dip a couple of days ago and we're back over $3.8k... currently $3853USD/$5145CAD (Bitcoinaverage).

Hopefully we'll head on up from here.
_______

Before any superstitious sorts start thinking my trip up will lead to some kind of rally, I should warn you that I'll be coming back down in a few days. I'm just going up to grab a few bucks and rattle a few cages.

If you paid any attention on Groundhog Day, you'd know winter still has a way to go.

 Bitcoin has already rallied up 3.5% only on anticipation of your return.  You can't go back!  Please stay!!  Safe travels

[Toxic2040]

Before any superstitious sorts start thinking my trip up will lead to some kind of rally, I should warn you that I'll be coming back down in a few days.

Thats what you think..we are deploying teams as we speak to keep you detained for at least a little while in the great white north. We know the rally magic involves sub freezing temperatures and copious amounts of alcohol...do not resist.

 

So what you're saying is... You're gonna initiate a bulltrap followed by a beartrap?

You keep drinking that kool-aid big block bear.. 



I wonder when a good time is to tell him that was my tabbaki spitoon outta my jeep..

[JayJuanGee]

Who feels like a shot of WO hopium on a Tuesday morning?

2023 is a long time in crypto time I guess.....snip.....I'll repost the image for convenience -

3k in October isn't hopium it sucks man 

Long term look at the price, I don’t mind earning my peanuts in my day job for another few years. I’m 26, plenty of time to enjoy our riches if we have to wait until 2023 for moon.

Also not impressed - 100k by 2023 is ain't moon...    1m would be nice...

There likely is some truth that getting as many 10x increases in BTC price as compared to Bitcoin's history has its limitations. 

If we use $3,830 as our approximate (today) jumping off point, then $100k is still a 26x increase.  I have difficulties considering that 26x as short of moon. 

On the other had, I do understand that $100k only brings bitcoin's market cap to less than $2trillion.. so, another 10x would be reasonable - while at the same time, I have troubles considering that BTC is actually going to make it to $1million before the 2024 halvening.  Call me a pessimist.

By the way, I am o.k. with today's price in the next 5 to 10 years and even if BTC were to kind of get stuck here..  I know that I am being a bit of a party pooper and even unrealistic because there is about a snowballs chance in hell that BTC would actually get stuck at the current price for any more an additional 6 months or so.... Anyhow,  any kind of close to guarantee of a BTC price above $11.5k in that same time frame of 5-10 years is really amazing for any investment, if you think about it. How many investments are you going to get more than 3x of a price appreciation in that kind of a time frame? 

And really, the vast majority of the active participants in this thread already recognize the asymmetrical risk of BTC, which means that you could lose 100% of your investment at todays price.. but you have really decent chances of at least doing 3X or more, and there are even other bullish possibilities beyond that.. so even if you don't become stupidly rich with 26x or 260x (which are also decently likely in that same 5-10year timeframe), 3x and more is going to be really good returns and insurance for a lot of people, too.

[Last of the V8s]

https://www.cnet.com/news/controversial-nsa-phone-data-collection-program-shut-down-aide-says/

well that's alright then

[kenzawak]

https://twitter.com/100trillionUSD/status/1102958785772044289