Bitcoin Forum
September 27, 2020, 12:22:21 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
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

Pages: « 1 ... 24165 24166 24167 24168 24169 24170 24171 24172 24173 24174 24175 24176 24177 24178 24179 24180 24181 24182 24183 24184 24185 24186 24187 24188 24189 24190 24191 24192 24193 24194 24195 24196 24197 24198 24199 24200 24201 24202 24203 24204 24205 24206 24207 24208 24209 24210 24211 24212 24213 24214 [24215] 24216 24217 24218 24219 24220 24221 24222 24223 24224 24225 24226 24227 24228 24229 24230 24231 24232 24233 24234 24235 24236 24237 24238 24239 24240 24241 24242 24243 24244 24245 24246 24247 24248 24249 24250 24251 24252 24253 24254 24255 24256 24257 24258 24259 24260 24261 24262 24263 24264 24265 ... 27302 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22590796 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.)
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 2212
Merit: 3737


One of the world's leading Bitcoin-powered casinos


View Profile
June 26, 2019, 04:55:47 PM

Is this a pump or news behind this run?

No fucking idea buddy, there must be something behind this kind of run.
1601166141
Hero Member
*
Offline Offline

Posts: 1601166141

View Profile Personal Message (Offline)

Ignore
1601166141
Reply with quote  #2

1601166141
Report to moderator
1601166141
Hero Member
*
Offline Offline

Posts: 1601166141

View Profile Personal Message (Offline)

Ignore
1601166141
Reply with quote  #2

1601166141
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1601166141
Hero Member
*
Offline Offline

Posts: 1601166141

View Profile Personal Message (Offline)

Ignore
1601166141
Reply with quote  #2

1601166141
Report to moderator
1601166141
Hero Member
*
Offline Offline

Posts: 1601166141

View Profile Personal Message (Offline)

Ignore
1601166141
Reply with quote  #2

1601166141
Report to moderator
1601166141
Hero Member
*
Offline Offline

Posts: 1601166141

View Profile Personal Message (Offline)

Ignore
1601166141
Reply with quote  #2

1601166141
Report to moderator
jbreher
Legendary
*
Offline Offline

Activity: 2884
Merit: 1504


lose: unfind ... loose: untight


View Profile
June 26, 2019, 04:56:13 PM
Last edit: June 26, 2019, 05:33:14 PM by jbreher

Second day of bitcoin 2019. Insights from Edward Snowden.



"Privacy is not about having something to hide. Privacy is about having something to protect."

(Paraphrased): the community is focused on creating the next 'First National' [Bank -ed]. We need to be focused on creating the first Post-National Bank'

"The lesson that Satoshi teaches us is that opsec works."

Paraphrasing again: I won't say whether I hold any bitcoin or monero or any other cryptocurrency, but I will say this. The service used to transfer the trove of documents to the news agencies that broke the story were paid for with bitcoin.

Sanding ovation.

Intermission music: Uprising. Muse. Fitting.

Actually quite erudite and insightful. Sorry to reduce many great nuanced points to a handful of bon mots.
ivomm
Hero Member
*****
Offline Offline

Activity: 1049
Merit: 751


All good things to those who wait


View Profile
June 26, 2019, 04:56:28 PM
Last edit: June 26, 2019, 05:19:46 PM by ivomm
Merited by El duderino_ (3), 600watt (2), infofront (1), AlcoHoDL (1), Bitcoinaire (1), RejectedBanana (1)

I think there is a good chance we get a new ATH in the following weeks. Most of us expected it sometime after the halving, but things developed unexpectedly if favour of a much earlier ATH breach. I feel sorry for bears trolling about a correction at 4K, then 5k, then 6K,.... and now at 13K. But it didn't happen! These shorters are just comparing charts from previous years and trying to make predictions. But as their posts show, they have little or no knowledge of the current market situation.  The fact is that there are so many circumstances that are different compared to 2017 and all are in favour of Bitcoin. I'll try to explain to those who didn't follow closely the market in 2017:

1. Why in 2017 there were so many 40%-ish corrections, and in the last 6 months we had none?

Answer: In Jan 2017, when the price was heading to beat the ATH at $1140-ish, a sudden news appeared on the website of PBOC (people bank of China). It threatened the major China's exchanges with a ban if they don't meet the requirements. This lead to a sudden 40% crash. Since back then 95% of all Bitcoin trades were made in China's exchanges, the panic was huge. Not only that, but  similar news appeared multiple times in Jan, Feb and in Sept. 2017. There was the first ETF denial - another crash. Also, in June there was a decision for a fork, which stalled the market for the Summer. Then in November another more dangereous fork was looming, but thankfully it was cancelled. Then Bcashers started the attack of 'flippening' by selling over 100K BTC in a few days and buying over 2mil bcash. Of course, none of these news matter in 2019.

2. Was the price 20K too high and because of that there was a  80%-ish crash for a year?

Answer. Each time the last ATH is surpassed, traders feel fear whether the price is not too high. Since in 2017 the raise from 700$ to 20K was too big, this fear prevailed. The whole 2018 traders were afraid how low Bitcoin can crash and the buys were pretty low compared to the sells. Does this mean that the price was not sustainable if we exclude the fear? The answer is no, since the price managed to increase with so many bad news and corrections in 2017!

3. When we reach 20K will be there a similar crash?

Answer. There might be some 'bigger'correction because of the fear of repeating the history. But it won't last for a year and 3 months for sure, because of the next halving. If it happens, it will be for several weeks/months until the ATH is finally breached. The worst possible scenario is to have a day with a 40% crash from the top, and by the end of the day 20% to be recovered. Then slowly for several weeks the remaining 20% will be recovered. Or we can just blaze through 20K like a knife in butter, who knows!

And finally, two more observations:

4. Altcoins boomed also at the end of 2017. This was a huge loss of cash, that might have been used for buying bitcoins.

5. Compared to 2017, some of the volume of Bitfinex is now redirected towards  Bitstamp, Kraken and Coinbase.  This makes it more difficult for the price to crash. At the same time, the overall volume of all major exchanges remains half of what was in 2017 (Bitfinex was a beast then), according to https://data.bitcoinity.org/markets/volume/2y?c=e&t=b (not working ATM, and even if we include Binance, which wasn't a thing in 2017). This is because hodlers bring more coins after multiple ATH's and it becomes more difficult for the market to absorb the new coins. While now, hodlers know that 20K will be reached and breached and don't bring many new coins on the exchanges. So traders have fewer and fewer coins to buy. At the same time, tens and hundreds of millions new comers enter exchanges. Their fiat potential is much bigger than the newly mined coins, considering that even in 2017 their potential was most probably enough to reach 40-50K.

P.s. As I was writing this post, the price shooted from 12800 to over 13400!!! Way to go, Bitcoin! Good job!
kenzawak
Hero Member
*****
Offline Offline

Activity: 658
Merit: 851



View Profile
June 26, 2019, 04:57:03 PM

Is this a pump or news behind this run?

No fucking idea buddy, there must be something behind this kind of run.

Still wanna sell at 25k ?
You know that's next week, right ? Tongue
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
June 26, 2019, 05:00:07 PM

So I just woke up, glanced at the price. Oh, it's still at xx400... wait... didn't that digit used to be a 2 instead of a 3...?

Talk about a power nap. Made a years working income while sleeping just now.
aesma
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 570


Fly or die


View Profile
June 26, 2019, 05:00:58 PM

I bought back coins this morning (at a higher price than I had sold...) and now the magic number I was thinking about might happen today as things are going.

And I have revised this number once, by computing how much income tax I would have to pay to be good with the taxman, that's about 35% tax, so I added that to the number.

FOMO I can understand, but it's also too many people with lots of money they don't know where else to invest in. I don't know such people, I'm almost the only person I know that owns stocks for example.
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 2212
Merit: 3737


One of the world's leading Bitcoin-powered casinos


View Profile
June 26, 2019, 05:02:30 PM

Is this a pump or news behind this run?

No fucking idea buddy, there must be something behind this kind of run.

Still wanna sell at 25k ?
You know that's next week, right ? Tongue

I want to buy a 2 bedroom apartment in X city centre outright for rental so yeah, I’m going to.
I have plenty of coin for the real business at $100,000 Smiley

I’m trying to make sure I never have to worry about income again.
I have one apartment that I rent out, I want another one.

The idea is to get a fairly big monthly fiat income so I don’t have to do anything ever again & I can enjoy my real stash.
pereira4
Legendary
*
Offline Offline

Activity: 1610
Merit: 1176


View Profile
June 26, 2019, 05:03:47 PM

hello

I have sold half my coins on the way up, not wanting to go back to so "little" value as before. Now of course it seems stupid to have done that, but catching the top is not my forte. When this bull run started I figured, when my stash is worth a certain amount (one with enough 0s), I'm selling everything but 1 coin.

Now I don't know. On the one end, if such bust and bull runs can still happen, then the logic is to sell at one point yes, but with the goal to buy back later when it will have crashed. I expect I could double my stash at least from doing that.

Then again, maybe it's the last bull run, and once it's down, if I convert from cash to coins again, I will have double the coins, but which will never rise again.

I know some of you have enough coins to play all scenarios, but not me.

When I say the plan was to sell once enough 0s reached, the idea was to get that money out and invest it in something else, probably a mix of real estate and stocks, or just real estate.

Now it seems playing with coins at least a couple years more might be well worth it.

But it's such a wild ride !

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.
infofront
Legendary
*
Offline Offline

Activity: 2142
Merit: 2119


Shitcoin Minimalist


View Profile
June 26, 2019, 05:04:41 PM

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.
Raja_MBZ
Legendary
*
Offline Offline

Activity: 1610
Merit: 1384


Any questions related to my signature site? PM me!


View Profile
June 26, 2019, 05:07:24 PM
Merited by LFC_Bitcoin (1)

Bitcoin dominance touching 63%. Smiley

Is this a pump or news behind this run?

No fucking idea buddy, there must be something behind this kind of run.

Still wanna sell at 25k ?
You know that's next week, right ? Tongue

I want to buy a 2 bedroom apartment in X city centre outright for rental so yeah, I’m going to.
I have plenty of coin for the real business at $100,000 Smiley

I’m trying to make sure I never have to worry about income again.
I have one apartment that I rent out, I want another one.

The idea is to get a fairly big monthly fiat income so I don’t have to do anything ever again & I can enjoy my real stash.

Sounds great. Good luck with your plans mate!
Icygreen
Legendary
*
Offline Offline

Activity: 1204
Merit: 1029



View Profile
June 26, 2019, 05:10:15 PM
Merited by aesma (1)

hello

I have sold half my coins on the way up, not wanting to go back to so "little" value as before. Now of course it seems stupid to have done that, but catching the top is not my forte. When this bull run started I figured, when my stash is worth a certain amount (one with enough 0s), I'm selling everything but 1 coin.

Now I don't know. On the one end, if such bust and bull runs can still happen, then the logic is to sell at one point yes, but with the goal to buy back later when it will have crashed. I expect I could double my stash at least from doing that.

Then again, maybe it's the last bull run, and once it's down, if I convert from cash to coins again, I will have double the coins, but which will never rise again.

I know some of you have enough coins to play all scenarios, but not me.

When I say the plan was to sell once enough 0s reached, the idea was to get that money out and invest it in something else, probably a mix of real estate and stocks, or just real estate.

Now it seems playing with coins at least a couple years more might be well worth it.

But it's such a wild ride !

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.
I bought back coins this morning (at a higher price than I had sold...) and now the magic number I was thinking about might happen today as things are going.

And I have revised this number once, by computing how much income tax I would have to pay to be good with the taxman, that's about 35% tax, so I added that to the number.

FOMO I can understand, but it's also too many people with lots of money they don't know where else to invest in. I don't know such people, I'm almost the only person I know that owns stocks for example.
This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!
DireWolfM14
Copper Member
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1845


Join the world-leading crypto sportsbook NOW!


View Profile WWW
June 26, 2019, 05:13:02 PM

@Dire sorry bro  Grin

Don't be, I think I'd rather be wrong.  It was only 0.08BTC.  Whoooohoooooo!

aesma
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 570


Fly or die


View Profile
June 26, 2019, 05:13:51 PM

Well have fun paying massive tax, being put on on some sort of list, and also get some good lawyers. Biggest reason to hold is that even if your bitcoins are from licit origin, it's a gamble how the government will deal about it.

Also lol at this is the last bullrun.

I'm not too worried about the risk in my country, the worst that can happen is to lose the money, and I can live without it. I'm not interested in living in fear.

It's easy to treat lightly my comment about the last bullrun, but when the price hits a low, then a new low, and that lasts for months, it's very depressing. Last time I had only kept enough cash to pay back all my investments, so that I'm now neutral, but for the next time, I definitely want to have cash in hand.
g-uid
Member
**
Offline Offline

Activity: 219
Merit: 16


View Profile
June 26, 2019, 05:14:37 PM

few things piss me off worse, smug fucking self serving parasites

You just described 99% of the people on this forum.  People like Marcus of Tel Aviv and Trace Mayer constantly making up outrageously stupid lies about Bitcoin to try and trick people into buying it to enrich themselves like claiming Bitcoin is "tangible".  

Or claiming it's "decentralized" when tokens are non-fungible with transaction validators being designed to centralize making it nothing more than a permissioned ledger, govt tracking and enslavement system.  Or that it removes middlemen when it has built-in, rent seeking middlemen.  Bitcoin has zero fundamentals (except as a govt tracking system) and is complete garbage compared to physical metals

Can you speak more on why Bitcoin is non-fungible? I understand it to be fungible, i.e., my 1BTC is equivalent to your 1BTC and therefore interchangeable for either of us to spend accordingly.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1610
Merit: 4167


Be a bank


View Profile
June 26, 2019, 05:14:48 PM

@Dire sorry bro  Grin

Don't be, I think I'd rather be wrong.  It was only 0.08BTC.  Whoooohoooooo!

Buy back in now on this dip?
Sell tomorrow tonight at 17k !!1
lightfoot
Legendary
*
Offline Offline

Activity: 2352
Merit: 1620


I fix broken miners. And make holes in teeth :-)


View Profile
June 26, 2019, 05:15:17 PM

Looks like a dumpey dump is in the works. Drat.

Edit: Whoops, NM. Back at 13250.
aesma
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 570


Fly or die


View Profile
June 26, 2019, 05:16:32 PM

This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!

Thanks. I became hero just before the change. I post much less now, so no chance to get merit.

I have basically the same idea as LFC_Bitcoin, except I'm guessing he has more coins than me.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1218
Merit: 1962


Degenerate bull hatter & Bitcoin monotheist


View Profile
June 26, 2019, 05:17:18 PM

Is this a pump or news behind this run?

No news.  Only pump. 
VB1001
Hero Member
*****
Offline Offline

Activity: 728
Merit: 2258


<<CypherPunkCat>>


View Profile WWW
June 26, 2019, 05:19:46 PM
Merited by LFC_Bitcoin (1)



https://blockchainwhispers.com/bitmex-position-calculator/

 Wink
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 2212
Merit: 3737


One of the world's leading Bitcoin-powered casinos


View Profile
June 26, 2019, 05:21:52 PM
Merited by infofront (1)

This made me laugh. Good on ya. HODL   BTW congrats on becoming hero!

Thanks. I became hero just before the change. I post much less now, so no chance to get merit.

I have basically the same idea as LFC_Bitcoin, except I'm guessing he has more coins than me.

It’s all about having a nice fiat income so you can live nicely. The money we make from bitcoin can buy the real stuff, big house, holiday home etc.

I need a % of my bitcoin profits to work for me though - i.e. bring money in. Otherwise no matter how much you have you’re just spending bitcoin to live & I don’t want to do that.

I’ll sell about 6BTC at $25,000.
I’ll sell around 50% of my proper stash at $100,000 & invest that properly to make money.
I will then be in a position I never dreamed of until inheritance which will be a long time hopefully.

I owe bitcoin so much. It’s going to make so many of our dreams come true.
Pages: « 1 ... 24165 24166 24167 24168 24169 24170 24171 24172 24173 24174 24175 24176 24177 24178 24179 24180 24181 24182 24183 24184 24185 24186 24187 24188 24189 24190 24191 24192 24193 24194 24195 24196 24197 24198 24199 24200 24201 24202 24203 24204 24205 24206 24207 24208 24209 24210 24211 24212 24213 24214 [24215] 24216 24217 24218 24219 24220 24221 24222 24223 24224 24225 24226 24227 24228 24229 24230 24231 24232 24233 24234 24235 24236 24237 24238 24239 24240 24241 24242 24243 24244 24245 24246 24247 24248 24249 24250 24251 24252 24253 24254 24255 24256 24257 24258 24259 24260 24261 24262 24263 24264 24265 ... 27302 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!