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Question: 9/19 Closing Price:
0 - 1 (1.6%)
<$10,000 - 3 (4.8%)
$10,000-$10,500 - 2 (3.2%)
$10,501-$11,000 - 13 (20.6%)
$11,001-$11,500 - 19 (30.2%)
$11,501-$12,000 - 8 (12.7%)
$12,001-$12,500 - 7 (11.1%)
$12,501-$13,000 - 2 (3.2%)
>$13,000 - 3 (4.8%)
>$20,000 - 5 (7.9%)
Total Voters: 63

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22592737 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
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June 25, 2019, 04:04:22 PM

https://decrypt.co/7587/how-tether-is-fueling-this-booming-bitcoin-bull-run
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June 25, 2019, 04:07:24 PM
Merited by 600watt (1)

Man alts are not doing shit. 60% dominance for Bitcoin.
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How much alt coin diversification is needed? 0%?


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June 25, 2019, 04:09:20 PM

Tales from the Crypt

Last couple years, instead of cash, my wife has been gifting BTC for friends and family kids’ birthdays. Small amounts labeled as “college fund”. Every once in a while, she pings the parents: how’s that college fund doing? Some of the returns are approaching 2-3x. Still, few if any of the parents are buying on their own.

Got an Ozzie mate I tried and tried again to convince investing in BTC well before the 2017 run up. He finally caught the fever near the ATH. Fearing he was too late for BTC, he started buying XRP and a host of other shitcoins. Had to have a serious sit down. Might have involved some bitch-slapping. He managed to DCA himself into BTC over the past couple years and calls me up this week: “I’m back in the black!! Wish I bought more at the start of the year!” I suspect we've got a hodler for life.

Know a Chinese gal recently married to a Yankee expat who caught shitcoin fever like only the Chinese can. Unbeknownst to her hubbie, she started dumping massive amounts of her yuan savings into the 2017 hype. When she was down 20% last year, my wife and I spent hours trying to convince her to cut her shitcoin losses. She had no exit plan and remained convinced they would all bounce back. She’s since lost enough she confided in my wife she has been contemplating suicide. Intervention time.

Know a recently retired couple in their 60s, an old boss actually, who came to town in Feb to visit their newlywed daughter. I’ve never spoken a word to them about Bitcoin. One morning they point blank ask, do I own any Bitcoin? Is now a good time to buy? Why yes, now is the perfect time to buy. They’d be sitting on 2-3x returns if they actually pulled the trigger back then. I’m thinking they didn’t though and probably mistakenly think they’ve already missed the boat. Time will tell.

It’s a fine line advocating at the same time impressing upon others the importance of dyor, dca, hodl, don’t overextend, think years not weeks/months. For every success story lurks a potential tragedy, and that’s an albatross no one wants hanging around their neck.

Fun to pat ourselves on the back but let's not kid ourselves - watching walls get cut like a knife all the way down to $3k's was not exciting or fun.  Most bitcoiners likely had been dollar cost averaging for a year in around the $6-8k range thinking 6k was the floor and then *poof* it dropped to $3.5k.  Immediately after that, there was no reason to suspect we had hit rock bottom.  Honestly, I think it would've been insane to have been strongly suggesting that normies be putting their life savings in, even at $3.5k.  

Get the fuck out of here with your twisting around of what anyone is saying here.  Dollar cost averaging is not putting in your life savings, you fucking goofball, and dollar cost averaging would have been a good plan for anyone in the $6k territory and it would have continued to have been a good strategy, even after the price dipped into the sub $4k territory for several months.. .even at the time, it would have been a good strategy, without even knowing how the BTC price subsequently played out, even if BTC would have dropped further or gotten caught in the sub $4k territory for another year-ish.

Price could've realistically fallen more (not to $0, but to $2k?  Sure!) & then they'd be calling you crying about little Jimmy's college savings being down 50%.

dollar cost averaging does not tend to produce those kinds of results, especially on assets that have strong fundamentals.. namely bitcoin.

I'm just saying, it's easy to feel great when everything is 3x up from the bottom.  We have been greatly rewarded for taking our great risks & I don't think we should encourage the uneducated normies to take the same risks we do.  DCA is always the only way I encourage people to get in.

Yes... ... get off your high horse, that DCA dealie wheelie is one of the staples of the strategies of what other peeps had been saying here, too.
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June 25, 2019, 04:12:43 PM

Bitcoin ATMs pass the 5k mark worldwide for the first time


https://cointelegraph.com/news/there-are-now-more-than-5000-bitcoin-atms-around-the-world
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June 25, 2019, 04:13:17 PM

Man alts are not doing shit. 60% dominance for Bitcoin.

Wake me up at 80%  Grin Cool
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June 25, 2019, 04:15:56 PM

We just crossed 10,000 € (Kraken).

Again.

Hopefully, for good!
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June 25, 2019, 04:19:20 PM


Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

This might be worth looking at. Although you'll have to read the whole thread because the OP han't been updated for a while.

List of Bitcoin Hostile (and friendly) Banks

Barclays stopped my trade with Bittylicious because "suspicious it may not be you" strange because I used their own little encrypted calculator thing so they really knew full well it was me.

Had my account locked a few days, I said I'm buying something from the internet? do you want to tell me anything like a good reason? bad seller? what? nothing. They just didn't want to let me.

Interesting how they get to decide if you are allowed to spend your money.




I read some nightmare stories about trying to cash out large amounts from some exchanges. It would be even worse if you dealt with the exchange's shit, then had to deal with the same shit from your bank.

Apparently the HSBC hates Bitcoin too.

...

HSBC has a global policy against customer's crypto-trading. Following their $1.8 billion SEC-fine for laundering money for Mexican drug cartel, they are likely to remain on the sidelines for years to come.

Lloyd’s completely shut my account down and wouldn’t give me an explanation even though it was obviously bitcoin related as I was cashing out at the time.

Santander are friendlier but I would definitely recommend getting a personal banker to explain what you are doing to. This will stop issues and questions later.
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June 25, 2019, 04:21:34 PM
Last edit: June 25, 2019, 04:32:59 PM by VB1001

Upload = Green
Download = Red
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June 25, 2019, 04:21:56 PM
Merited by 600watt (1), infofront (1)

Bitcoin 2019 in San Francisco. Pomp and Draper.

Tim talking about the bet he made with the Argentinean president. If Tim wins, Argentina makes bitcoin legal tender.

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June 25, 2019, 04:23:04 PM

Bitcoin 2019 in San Francisco. Pomp and Draper.

Tim talking about the bet he made with the Argentinean president. If Tim wins, Argentina makes bitcoin legal tender.



What was the bet?
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June 25, 2019, 04:31:34 PM

Lloyd’s completely shut my account down and wouldn’t give me an explanation even though it was obviously bitcoin related as I was cashing out at the time.

Santander are friendlier but I would definitely recommend getting a personal banker to explain what you are doing to. This will stop issues and questions later.

I've put £10 through Lloyds to Coinbase. Those bitches didn't make a squeak.

From plenty of reading I get the impression Nationwide are the mellowest but their intermediary bank won't let them send or receive with any EU exchange.
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June 25, 2019, 04:32:07 PM

What was the bet?

https://bitcoinist.com/argentina-president-bitcoin-price-tim-draper/
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June 25, 2019, 04:34:16 PM

Lloyd’s completely shut my account down and wouldn’t give me an explanation even though it was obviously bitcoin related as I was cashing out at the time.

Santander are friendlier but I would definitely recommend getting a personal banker to explain what you are doing to. This will stop issues and questions later.

I've put £10 through Lloyds to Coinbase. Those bitches didn't make a squeak.

From plenty of reading I get the impression Nationwide are the mellowest but their intermediary bank won't let them send or receive with any EU exchange.

I think from a bank to an exchange there's usually no problem. At least I've never had an issue using banks in two different countries.

It's the other way around that can sting you. Going from an exchange to a bank...
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June 25, 2019, 04:34:49 PM


This is a great news.
Main difference with BAKKT is tha being BAKTT part of ICE, BAKKT's  Bitcoin futures can seamlessly integrate in the already active workflow (trading/post trading) every bank in the world has already setup with ICE, while with LedgerX in the vast majority of cases it's a totally new one requiring a certain effort to onboard on the new exchange and setup all the regulatory/technological stuff.
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June 25, 2019, 04:35:45 PM


No left turn but still the highway board says monero. Huh

made you something nice, but its my duty to slip that in somewhere. Both roads going in the same direction. U turn for shitcoins.


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THE NEXT 24 YEARS ARE CRITICAL🍄💊


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June 25, 2019, 04:36:23 PM

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.
.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .
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June 25, 2019, 04:37:08 PM
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Tales from the Crypt

Last couple years, instead of cash, my wife has been gifting BTC for friends and family kids’ birthdays. Small amounts labeled as “college fund”. Every once in a while, she pings the parents: how’s that college fund doing? Some of the returns are approaching 2-3x. Still, few if any of the parents are buying on their own.

Got an Ozzie mate I tried and tried again to convince investing in BTC well before the 2017 run up. He finally caught the fever near the ATH. Fearing he was too late for BTC, he started buying XRP and a host of other shitcoins. Had to have a serious sit down. Might have involved some bitch-slapping. He managed to DCA himself into BTC over the past couple years and calls me up this week: “I’m back in the black!! Wish I bought more at the start of the year!” I suspect we've got a hodler for life.

Know a Chinese gal recently married to a Yankee expat who caught shitcoin fever like only the Chinese can. Unbeknownst to her hubbie, she started dumping massive amounts of her yuan savings into the 2017 hype. When she was down 20% last year, my wife and I spent hours trying to convince her to cut her shitcoin losses. She had no exit plan and remained convinced they would all bounce back. She’s since lost enough she confided in my wife she has been contemplating suicide. Intervention time.

Know a recently retired couple in their 60s, an old boss actually, who came to town in Feb to visit their newlywed daughter. I’ve never spoken a word to them about Bitcoin. One morning they point blank ask, do I own any Bitcoin? Is now a good time to buy? Why yes, now is the perfect time to buy. They’d be sitting on 2-3x returns if they actually pulled the trigger back then. I’m thinking they didn’t though and probably mistakenly think they’ve already missed the boat. Time will tell.

It’s a fine line advocating at the same time impressing upon others the importance of dyor, dca, hodl, don’t overextend, think years not weeks/months. For every success story lurks a potential tragedy, and that’s an albatross no one wants hanging around their neck.

Fun to pat ourselves on the back but let's not kid ourselves - watching walls get cut like a knife all the way down to $3k's was not exciting or fun.  Most bitcoiners likely had been dollar cost averaging for a year in around the $6-8k range thinking 6k was the floor and then *poof* it dropped to $3.5k.  Immediately after that, there was no reason to suspect we had hit rock bottom.  Honestly, I think it would've been insane to have been strongly suggesting that normies be putting their life savings in, even at $3.5k.  Price could've realistically fallen more (not to $0, but to $2k?  Sure!) & then they'd be calling you crying about little Jimmy's college savings being down 50%.

I'm just saying, it's easy to feel great when everything is 3x up from the bottom.  We have been greatly rewarded for taking our great risks & I don't think we should encourage the uneducated normies to take the same risks we do.  DCA is always the only way I encourage people to get in.

True that, but the bottom for some of us was $152 or even lower. $3k or even $1k? Pfft. Think years, halving cycles even, not months. Don't trade. Don't get caught up in the exuberance of short-lived ATHs as much as possible and keep your eyes on the solid floors. DCA, of course, is your friend.

Bitcoin has only closed above $10k 80 days or so. As long as you bought sometime in the last 10 years minus those 80 days, you are in the green. The asymmetry of this bet is rididulous and has been for much of Bitcoin's existence.

Life savings? No, the most I'd ever suggest is 5% of retirement savings.




I have had modest sucess with getting people into BTC by selling crap on eBay, as a motivation. Many say they would do so, but not enough motivation. Some have done so. I don't follow

my own advice. I started to sell stuff in my attic like 3 months ago. Dumped about $900 from eBay into BTC. Got lazy and stopped, should have kept going. I have about 5K worth of old

computer stuff, none of it worth more than $25, none of it worth less, (2 computer store defaults, getting me stuff from cleanout and a pawn shop buddy back in the day). Hell. So

I kinda understand. But they ALWAYS ask about mining BTC etc. I tell them to 'attic mine' the junk in their attic they likely will die with for Bitcoin. But mixed results, even with myself.

It is JUST so boring/cubicle work/etc. But anyway, as to just buying BTC with their hard earned income without mental justifications, like selling stuff they never will use, I'm batting about

zero for conversion to HODL'ers. Again, I'm as bad an example as everyone else. Just thought it was interesting, at least they 'kinda' get the sell stuff for BTC to limit risk that they are

idiots if this 'evil' BTC goes tulips. But only modest angle I have.

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June 25, 2019, 04:38:48 PM

I think from a bank to an exchange there's usually no problem. At least I've never had an issue using banks in two different countries.

It's the other way around that can sting you. Going from an exchange to a bank...

https://bitcoinist.com/coinbase-announce-they-will-no-longer-accept-deposits-from-nationwide-bank/

Unless something's changed when it comes to Nationwide you're toast if you're trying to SEPA to or from somewhere crypto related. It's not Nationwide, it's Commerzbank.
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June 25, 2019, 04:44:47 PM

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.
.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Wow that's quite impressive! 10 minutes crypto to fiat is almost real-time for the crypto world Cool
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June 25, 2019, 04:49:53 PM
Merited by 600watt (1)

holy dominance batman
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