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

[STT]

Investment in Real Estate is now garbage comparing to #Bitcoin.

Did he invest or was he just living in a house.    People over use the word investment when they arent participating in a business so why is it suddenly investment.   If he was a landlord operating margins from his costs to profit then fair enough, just timing an asset buy in any market is speculative.    Unless his job is a hedge fund, most of us have no ability to properly carry over or balance our losses against profits for taxes like that so its a dangerous game.
  I realise many qualify it as anything which turns a profit in the transaction but I dont rate betting on a price movement as investment.

The elephant in the room for all these ideas is money is cheap which adds that context to everything, in some cases bond yields are negative so betting prices is seen more then ever as investment activity.


Bitcoin looks positive I think until it fails to pass 50 DMA and disappoints.   I avoid weekends anyway but the reaction is going to give a better clue, its got a few higher lows.

[Dabs]

The best scenario is buy BTC when it was below $50. (Ideally, when it was below $1). So you have say a few thousand corns. Let's say 10k.
Then you participate in, let's say ETH, and part with half of your corns. so that's 10 million ETH.
Then you participate in a bunch of different ICOs with maybe even just 1 million ETH. And you do an average of 5x. Some go to zero. Some go 10x. Then bring it all back to ETH or BTC.
Then you HODL until ATH... maybe at 15k per BTC, 1k per ETH.

Then, it would take me a literal couple of years cashing out about $10k USD every other day, so I can spread all over the world in 10 different fiat currencies and still have more than half left over in BTC, because there are still so many things I can't buy with just BTC, and everything else has to be paid in fiat and I don't mind investing in some traditional index ETFs to let it sit for the next 10 years.

At one point in time, I had available to me about $20k USD from a bank, in the Philippines, in about 2014. I could have used it to buy all corn back then ... it was maybe $500? So about 40 corns. If that's all I HODL'd until now and even with interest, I could have sold maybe 4 corns, paid back the loan, and still have 36 corns; or invested half in the ETH ICO and gotten 40k ETH.


But none of us knew that. Still. What if ...

[pereira4]

In 2015 I sold 800 BTC to buy a house for my family.

In 2018 I sold my house and bought back 50 BTC.

People who thinks I'm crazy for selling my house please know that my only regret is to have sold my bitcoins.

Investment in Real Estate is now garbage comparing to #Bitcoin.

https://twitter.com/bitcoinization/status/1161310562866880513?s=21

Story for a Dumbass or a Legend?

I see he’s brave to admit his wrong being and buying back BTC there should be merit in that act, but F*** how dumb to sold all of his BTC for a house..... (I think all of his BTC, not sure but if he had left it should be more so he wouldn’t sell the house to buy again 50 ....)

That is fucking crazy to have sold that many BTC in 2015 - clearly 2015 was a BIG ASS dip in the market for pretty much the whole year....   Pretty much mid-$200s for the whole year (bouncing around some, of course).

Lack of delayed gratification.

If the short-sighted guy knew that he wanted a house, he could have sold some in 2014 in the $600 plus territory (maybe not all of them) or just waited the matter out until 2017.. or even taken out a mortgage... but whatever, its a form of short-sightedness in a decently strong kind of way.   The buy back of the house for only 50 BTC shows how god-damned difficult it would be to get anywhere close to 800 BTC ever again for a person with such a seemingly average budget.

The future when you were in the past is always ... you can't predict these things with any accuracy. You could make a very good educated guess, but the saying is "hindsight is 20/20" ... or is that 2020 (next year?).

Everyone says we should have all bought corns back in 2013 or 2012 (or as early as you were introduced to bitcoin.)

I mean, I bought corn at maybe $25 and sold them at $50. I bought litecorns at $10 and sold them at $20. I could have participated in the ETH ICO at 1 BTC = 2000 ETH. And I could have just HODL those all until today and I'd be as retired as anyone else.

But ... as it is, I'm still struggling to make ends meet.

When you are feeling down at past opportunities which were missed, you just have to look at this guy's tweet and just have a laugh at it all:




This is even worse than the pizza guy. Most people don't know who he his, this guy made a tweet which went viral with his face. It's still growing to this day:

https://twitter.com/gregschoen/status/70261648811761665

I would never be able to sleep at night ever again. The moral of the story is of course and as always: HODL, at any rate.

[jojo69]

This ends only one way. War.

I fear so.  Our chances of getting through it without serious radiological release seem grim indeed.

[HairyMaclairy]

This ends only one way. War.

I fear so.  Our chances of getting through it without serious radiological release seem grim indeed.

Rubbish.

The world is far more connected today than it was 15 years ago.

The iPhone means that people in Milwaukee are far more likely to be interlinked with people in Ulan Bator or Nairobi.

These interconnected trade flows mean that war is rapidly becoming unacceptable between state actors.  It would be bad for business.  Pyongyang is kept on a tight leash by Beijing.

Of course we are seeing increasing sophistication from non-State actors such as ISIS and white supremacists, but they don’t have access to WMDs as yet (and won’t if the world’s intelligence agencies have anything to do with it).

[infofront]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
Reset where and how would reset affect those negative rates?

I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction.

That said...

r0ach certainly spews a lot of shit. However, I can agree with him on one point. I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself.

I do see scenarios where Bitcoin (be it BTC, BSV, or BCH) becomes the reserve currency, but given current state and rate of current trends, less likely. At least in the short term.

As far as interest rates? Repudiated debt does not carry interest.

I don't see the rebasing of the monetary system happening any time soon. Governments never give up power willingly, and the power to print money is the single greatest power they hold.

[soxxx]

Whatsup Bears?!?

[bkbirge]

Appeared on the Google news feed.

"Visionary Bitcoin Creator Satoshi Nakamoto to Reveal Identity"

https://www.globenewswire.com/news-release/2019/08/16/1903230/0/en/Visionary-Bitcoin-Creator-Satoshi-Nakamoto-to-Reveal-Identity.html

Someone claiming to be satoshin.

"...Nakamoto will illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin."

[lightfoot]

Ahhhh.... I like bottom.

[fillippone]

Good morning WO
Observing BTC @10,380
Observing above picture Too
Speaking of dreams:
If you want to dream, dream it bigger:

https://twitter.com/digitaliknet/status/1162367526279491585?s=21

Something for fun It shows how would next 1458 days (full cycle) look like if price change history would repeat last 1458 days. As with all other graphs this one is live so it is interesting to see how estimated ATH is changing over time.
digitalik.net/btc/cycle_repe…
#bitcoin #btc

[HairyMaclairy]

Yeah.  That would be quite a lot of money.  So many moneys.

[fillippone]

Yeah.  That would be quite a lot of money.  So many moneys.

Remember to HODL.
Don’t get lured into selling 400K!

Ah! I want to see this post to age well and be found again around WO page 53,834!

[Biodom]

Impossibru!

[VB1001]

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords.

Coinbase announced the news in an official blog post on Aug. 16. According to the announcement, Coinbase has resolved the root cause of the bug and the platform is confident that stored data was not “improperly accessed, misused, or compromised.”

https://cointelegraph.com/news/coinbase-accidentally-saves-unencrypted-passwords-of-3-420-customers

Post Mortem: A closer look at a password storage issue affecting 3,420 customers

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

[jojo69]

Rubbish.

I wish I shared your optimism.  While I do believe that the State, as currently conceived, is becoming obsolete, I expect it to be an idea whose death throes will be quite violent.

[SuperTA]

Good morning WO
Observing BTC @10,380
Observing above picture Too
Speaking of dreams:
If you want to dream, dream it bigger:

https://twitter.com/digitaliknet/status/1162367526279491585?s=21

Something for fun It shows how would next 1458 days (full cycle) look like if price change history would repeat last 1458 days. As with all other graphs this one is live so it is interesting to see how estimated ATH is changing over time.
digitalik.net/btc/cycle_repe…
#bitcoin #btc

Bro, don't compare and copy this pattern  from 2016! That was a bad pattern, caused by collapse of mt.gox. Which caused longer sideways movement after the bear market.
That's why many people think this bull rally 2019 from 3k to 14k was too fast. Because they compare this year's rally with previous start of 2016 bull rally. We are in a different circumstances right now and we will probably have a different pattern this time. Besides that, this pattern looks very unnatural, if you look the pattern from today's point to 2021.

[fillippone]

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords.

Coinbase announced the news in an official blog post on Aug. 16. According to the announcement, Coinbase has resolved the root cause of the bug and the platform is confident that stored data was not “improperly accessed, misused, or compromised.”

https://cointelegraph.com/news/coinbase-accidentally-saves-unencrypted-passwords-of-3-420-customers

Post Mortem: A closer look at a password storage issue affecting 3,420 customers

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

#deletecoinbase
#neverforget

[jbreher]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
Reset where and how would reset affect those negative rates?

I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction.

That said...

r0ach certainly spews a lot of shit. However, I can agree with him on one point. I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself.

I do see scenarios where Bitcoin (be it BTC, BSV, or BCH) becomes the reserve currency, but given current state and rate of current trends, less likely. At least in the short term.

As far as interest rates? Repudiated debt does not carry interest.

I don't see the rebasing of the monetary system happening any time soon. Governments never give up power willingly, and the power to print money is the single greatest power they hold.

I don't disagree with you on the governmental desire to coin money. However, the next monetary crisis, there will be no backstop. They will be powerless when the value of any currency they can manage trends toward zero.

[serveria.com]

Ahhhh.... I like bottom.

7/10 nice but not perfect. I'm not into fitness girls and this girl seems to have done a lot of squats...    I prefer rounder, more feminine butts  

[El duderino_]

Impossibru!

Could say that, but I do love to think that nothing is impossible