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

[LFC_Bitcoin]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

[kurious]

I have always worked for myself and still have a small company.

One of the guys has worked for me for nearly 20 years, but he has always opted out of the pension scheme 'waste of money - everyone in my family died before they reached pension age' he said.

He rents an apartment, and what worries me is that when he retires (he's in his mid 40's), he just won't be able to afford to keep paying rent on a state pension.  He told me - 'I am saving, but I can't see how I will ever save up enough - prices keep going up, but my savings are climbing too slowly'.

Last year was a struggle - but we had a big contract in late in the year.  I said "If you can help me get this delivered before the end of the year, I will give you a bonus in January."

He did it.  I then said, I want to give the bonus to you in Bitcoin, but you have to hold it for at least a year.  If it has not gone up in that time, I will simply give you the cash instead - if it does - you just might be able to actually afford that deposit on a place of your own.

The bonus was around $6000 (in my currency) and the company bought him the BTC in Jan.

At this rate - he is well on his way to what will be a very positive change in his circumstances.  

This will be huge in terms of his outlook; THIS is the transformative power of Bitcoin.

I am so happy I was able to do this. Thank you, Bitcoin.

[olseh]

I have always worked for myself and still have a small company.

One of the guys has worked for me for nearly 20 years, but he has always opted out of the pension scheme 'waste of money - everyone in my family died before they reached pension age' he said.

He rents an apartment, and what worries me is that when he retires (he's in his mid 40's), he just won't be able to afford to keep paying rent on a state pension.  He told me - 'I am saving, but I can't see how I will ever save up enough - prices keep going up, but my savings are climbing too slowly'.

Last year was a struggle - but we had a big contract in late in the year.  I said "If you can help me get this delivered before the end of the year, I will give you a bonus in January."

He did it.  I then said, I want to give the bonus to you in Bitcoin, but you have to hold it for at least a year.  If it has not gone up in that time, I will simply give you the cash instead - if it does - you just might be able to actually afford that deposit on a place of your own.

The bonus was around $6000 (in my currency) and the company bought him the BTC in Jan.

At this rate - he is well on his way to what will be a very positive change in his circumstances.  

This will be huge in terms of his outlook; THIS is the transformative power of Bitcoin.

I am so happy I was able to do this. Thank you, Bitcoin.

Wow that's great stuff man, good on you!

[mindrust]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

You carried this long enough bruh. Took the risk and carried it during all those years while many like me were afraid.

Life is passing away very fast. We all need to enjoy stuff before our dicks give their last breath away.

%15 for $25k don't sound bad. I say do it.

[Cassius]

You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. We're at $11k with next-to-zero FOMO.

LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).

Google Trends proves that you claim is incorrect. This one is due to (small sample of) institutional investors mostly (Fidelity et. al.). Taking profits into dirty FIAT is just wrong.

Google Trends and data on wallet sizes. Very little retail interest so far - it's mainly big holders who have accumulated.
Even when BTC broke $10k we saw little mainstream media interest. In 2017 the BBC and just about every other major news site ran daily articles on crypto. Almost nothing this time. I guess they still feel burned by last time.
It's starting to change, but only just getting going now.

[machasm]

I have always worked for myself and still have a small company.

One of the guys has worked for me for nearly 20 years, but he has always opted out of the pension scheme 'waste of money - everyone in my family died before they reached pension age' he said.

He rents an apartment, and what worries me is that when he retires (he's in his mid 40's), he just won't be able to afford to keep paying rent on a state pension.  He told me - 'I am saving, but I can't see how I will ever save up enough - prices keep going up, but my savings are climbing too slowly'.

Last year was a struggle - but we had a big contract in late in the year.  I said "If you can help me get this delivered before the end of the year, I will give you a bonus in January."

He did it.  I then said, I want to give the bonus to you in Bitcoin, but you have to hold it for at least a year.  If it has not gone up in that time, I will simply give you the cash instead - if it does - you just might be able to actually afford that deposit on a place of your own.

The bonus was around $6000 (in my currency) and the company bought him the BTC in Jan.

At this rate - he is well on his way to what will be a very positive change in his circumstances.  

This will be huge in terms of his outlook; THIS is the transformative power of Bitcoin.

I am so happy I was able to do this. Thank you, Bitcoin.

This is a fantastic story.
Not only has this gesture helped this guy out but it has shown him the power of Bitcoin.
The virus is spreading. Have my last smerits.

[LFC_Bitcoin]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

You carried this long enough bruh. Took the risk and carried it during all those years while many like me were afraid.

Life is passing away very fast. We all need to enjoy stuff before our dicks give their last breath away.

%15 for $25k don't sound bad. I say do it.

I’ve never sold moderate to large amounts of coin before (fiat wise) so I’m a bit nervous about that in the future.
I don’t want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.

If there was a De-Merit action I presume you’d all be giving it to me right now

[BitcoinGirl.Club]

Good morning WO!

Witnessing $11,320

[Lauda]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

That kind of thinking is very unhealthy. What exactly did you lose that you needed by not selling at the peak? Nothing. Do not let filthy capitalists contaminate your brain with the materialist propaganda that is found everywhere in the form of "marketing".

I’ve never sold moderate to large amounts of coin before (fiat wise) so I’m a bit nervous about that in the future.
I don’t want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.

If there was a De-Merit action I presume you’d all be giving it to me right now

Great. By this time next year your data will be shared among all exchanges. 

[machasm]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

I think we’ll see $100,000 per BTC in 2021 (mid to end of the year). It’d just be nice to take something off the table a bit earlier. I was a millionaire (GBP) in unrealised/unbanked BTC during the last bull run & I sold nothing.

The drop to $3,000 was gut wrenching, I thought I’d ruined my life by selling nothing near the top.

I’m not going to make that mistake again this time. I know everything points to us breaking 6 figures (USD) per coin on this cycle but I want some insurance against a potential crash.

I’ll be selling 15% at or near $25,000.

You carried this long enough bruh. Took the risk and carried it during all those years while many like me were afraid.

Life is passing away very fast. We all need to enjoy stuff before our dicks give their last breath away.

%15 for $25k don't sound bad. I say do it.

I’ve never sold moderate to large amounts of coin before (fiat wise) so I’m a bit nervous about that in the future.
I don’t want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.

If there was a De-Merit action I presume you’d all be giving it to me right now

Nah mate. You do what you need to do. It's not like your dumping the lot anyway.
If it makes you feel easier about holding the rest then that's just fine.

[BitcoinGirl.Club]

Need a new hat brother. We have achieved $10k 🤪

[gentlemand]

I’ve never sold moderate to large amounts of coin before (fiat wise) so I’m a bit nervous about that in the future.
I don’t want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.

If there was a De-Merit action I presume you’d all be giving it to me right now

I think you'd have to be a legitimate crazyhead to use Coinbase for sums above the holiday/car level.

Imagine how seized up and overloaded they'll be. Imagine how many get caught up in their obscure trigger mechanisms that even they don't understand.

The last thing you need is to wind up some forgotten ticket number. You should sound out proper OTC operations.

[HairyMaclairy]

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

“Miner theft” would require a fork.  A fork on which miner theft occurs would be of zero value, because there are plenty of ways that miners can steal funds, and no one is going to follow a fork of known thieves.

I hold 100% of my cold storage on Segwit addresses.  

[LFC_Bitcoin]

I’ve never sold moderate to large amounts of coin before (fiat wise) so I’m a bit nervous about that in the future.
I don’t want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.

If there was a De-Merit action I presume you’d all be giving it to me right now

I think you'd have to be a legitimate crazyhead to use Coinbase for sums above the holiday/car level.

Imagine how seized up and overloaded they'll be. Imagine how many get caught up in their obscure trigger mechanisms that even they don't understand.

The last thing you need is to wind up some forgotten ticket number. You should sound out proper OTC operations.

That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.

I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LBC, unless I broke it up into dozens & dozens of individual trades, one at a time.

[gentlemand]

That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.

I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.

https://genesistrading.com

https://www.b2c2.com

https://cumberland.io

https://www.circle.com/en-gb/trade

But it's really, really hard to get people to talk about their experiences with the above places. Don't get why it's so obscure.

I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.

[LFC_Bitcoin]

That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.

I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.

https://genesistrading.com

https://www.b2c2.com

https://cumberland.io

https://www.circle.com/en-gb/trade

I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.

Thanks man, I’m saving this post.
That’s the next thing isn’t it, worrying about our personal banks

I owe you some Merit for this post when my source allowance replenishes.

[gentlemand]

Thanks man, I’m saving this post.
That’s the next thing isn’t it, worrying about our personal banks

This is one of the handful of threads where I've seen a few OTC experiences discussed.

Boy, are they hard to come by - https://old.reddit.com/r/BitcoinMarkets/comments/8ecm6h/otc_what_are_your_experiences/?sort=confidence

If you don't already you should keep an eye on here - https://old.reddit.com/r/BitcoinUK/  as cashing out experiences and bank discussion turn up fairly regularly.

[Last of the V8s]

inb4 someone mentions bisq
gentlemand have you seen warnings about bisq dotted about?
that it's possible to scam people with fake bank credentials or something like that?

[LFC_Bitcoin]

Thanks man, I’m saving this post.
That’s the next thing isn’t it, worrying about our personal banks

This is one of the handful of threads where I've seen a few OTC experiences discussed.

Boy, are they hard to come by - https://old.reddit.com/r/BitcoinMarkets/comments/8ecm6h/otc_what_are_your_experiences/?sort=confidence

If you don't already you should keep an eye on here - https://old.reddit.com/r/BitcoinUK/  as cashing out experiences and bank discussion turn up fairly regularly.

Legend, thanks.

I guess the - ‘Who goes first’ situation would be worrying.
I’d probably want to fly out & do it in person.

[gentlemand]

inb4 someone mentions bisq
gentlemand have you seen warnings about bisq dotted about?
that it's possible to scam people with fake bank credentials or something like that?

I really can't see myself ever using it so I've not really paid it any attention. If the whole world was on it I might look into it but it's an eternal case of 'you go first'.