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Question: Did we reach the bottom already?
Yes - 60 (50%)
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Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25879393 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. (170 posts by 5 users with 9 merit deleted.)
Raja_MBZ
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August 14, 2019, 04:26:44 PM
Merited by LFC_Bitcoin (1)

Congratulations Mic!

I miss those days when I used to have more merit than you. It was something like 600 vs. only 300, now it's 899 vs. 2448. Roll Eyes

Three things I'm absolutely sure of:

1. My death.
2. Bitcoin reaching $100k in the next five years.
3. I'll NOT beat Mic in terms of merit ever again.
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hd49728
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August 14, 2019, 04:38:19 PM

Gravity force shows its effects on price again. I still don't find reasons of recent drop. Are there any news released minutes ago?
fillippone
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August 14, 2019, 04:40:37 PM

Gravity force shows its effects on price again. I still don't find reasons of recent drop. Are there any news released minutes ago?
Sellers more aggressive than buyers.
Financial Markets are in disarray



Gold is healthy + 17 USD atm
1 BTC= 1 BTC

No reasons to worry.
RoomBot
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August 14, 2019, 04:46:03 PM

Here is nothing free in this world.

Bull.....  It's called an airdrop.

Almost everyone here has received free coins and tokens.

Dump 'em for BTC

FREE BTC!
Hueristic
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August 14, 2019, 04:50:24 PM

For fucks sake JJG.  We discussed this yesterday. I asked you quite nicely not to quote Roach.

Ignored for a week for quoting Roach.

Even on Thursday?

And he is somewhat deluded into thinking that the possibility of a "blockapocallipse" is much higher than it really is...

You may wish to ponderate upon this trend line: https://www.blockchain.com/en/charts/avg-block-size?timespan=all



Nothing to worry just yet. Segwit and tx batching doing its job to increase capacity. And nothing a moderate (ie 2x) additional block size increase plus some LN adoption couldn't solve.

I never said we won't need SOME block size increase. Quite the contrary. But forking to go full retarded on 1GB blocks is... well... just retarded.

That being said, I understand your hedging.  If you believe there is a significant chance for a "blockapocallipse" severely hitting Bitcoin in the near future then... well... maybe your putting (some) of your money when your beliefs are...

Even if that were the case, crypto (as a whole) would be severely (if not deadly) hurt.

Ouch... third dumping leg... probably time to BTFD.

Literally the only credible argument I have seen against a dynamic blocksize fork is getting consensus.
btcbeliever
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August 14, 2019, 04:56:59 PM

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -
How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?
Raja_MBZ
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August 14, 2019, 05:01:39 PM

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -
How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

Not really. Bitcoin has come a long way from where it began; there's no going back to the initial point anymore. Being 80% sure = not believing enough in bitcoin. Plus TBH, $100k looks quite close to me.
VB1001
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August 14, 2019, 05:10:02 PM

Congratulations Mic!

I miss those days when I used to have more merit than you. It was something like 600 vs. only 300, now it's 899 vs. 2448. Roll Eyes

Three things I'm absolutely sure of:

1. My death.
2. Bitcoin reaching $100k in the next five years.
3. I'll NOT beat Mic in terms of merit ever again.

You will also arrive, you are one step away from being legendary.

Here is nothing free in this world.

Bull.....  It's called an airdrop.

Almost everyone here has received free coins and tokens.

Dump 'em for BTC

FREE BTC!

I know, but I'm not interested, they ask for a lot of data, custionaries, participation in social networks.
podyx
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August 14, 2019, 05:28:08 PM

Coming down to $8k?
zhekinsp
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August 14, 2019, 05:35:14 PM

Coming down to $8k?
Still well above 10K,hopefully no more four digit figures again.Hold your hands together!
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August 14, 2019, 05:36:46 PM

Coming down to $8k?
Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed
Raja_MBZ
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August 14, 2019, 05:43:47 PM

Congratulations Mic!

I miss those days when I used to have more merit than you. It was something like 600 vs. only 300, now it's 899 vs. 2448. Roll Eyes

Three things I'm absolutely sure of:

1. My death.
2. Bitcoin reaching $100k in the next five years.
3. I'll NOT beat Mic in terms of merit ever again.

You will also arrive, you are one step away from being legendary.

Yeah, of course, I'm just a hundred merit away from getting to the legendary status. However, quite sure that I'll never be able to beat Mic in terms of merit.

Coming down to $8k?
Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed

Confirmed? By whom? Grin
JayJuanGee
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August 14, 2019, 05:45:55 PM
Last edit: August 14, 2019, 07:01:33 PM by JayJuanGee


It will be a downwards move IMO.





As said previously in this thread, sold last week around 11.6k, now placing an order buy at 10.6k.

Confident on this one.

We just came from 10.6 not long a go..... why didn’t you bought Then....  Undecided
Because he is a chart pundit. But there is another solution to his linear problem, besides a crash to 10600 now. If he draws a parallel line at 11400 he will get another crossing point in a week or two if that is what he is looking for.   Grin Oh dear, such n00bs are cracking me up with their charts skills  Grin Grin Grin I would bet that they will hardly get more than 30% profit in a good bull year with a 400%+ increase like the present. And then they will come here full of pride and joy and teach the holders with 100x profit.  Grin Grin Grin Grin Hilarious!


Thanks for your support, bro!


On a serious note, with my current job, after rent, food and personal expenses I can save circa 700 euros a month, on average. Since we all agree the price of BTC will eventually get to 50k, right? Then I should buy 700 euros of BTC per month, no matter the price, as long as it stays below 50k, correct?

Now that sounds like a great strategy. Will make me rich in 2 or 3 years time Wink

Great idea to buy with your income.


What are you going to do?  Are you borrowing?  Mortgaging the house?  selling everything in order that you can make 5x in a few years?  


You do know that 5x is not guaranteed, too, right?

No but 10X, 20X are Tongue

Maybe I am a bit of a fud-dud?    I am feeling a bit bad about myself, and I have said this before.

I hope that bitcoin at least performs as well as the average of the rest of my various assets, at a minimum, which overall the average is about 5.5% per year over a bit over 30 years.  Of course, there have been some assets that have done better and some that have done worse, but my overall average is somewhat locked in place.

Actually, I have not really incorporated bitcoin into my historical average, because surely starting in late 2015, bitcoin's performance started to improve stupendously - yet still my overall portfolio, including the weighting of bitcoin's performance within my overall portfolio, did not really significantly start to skew the overall value of my portfolio until about early-to-mid-2017, so by then, both the size of the Bitcoin portion and the bitcoin price appreciation began to considerably skew the overall performance upwards, and probably if I knew how to perform a bit better calculations, I could probably incorporate those numbers into verifying the extent to which the overall performance of all of my investments improved merely because of the outlandish lopsided upside performance of BTC.

So, maybe I do need to up my numbers, and maybe even to estimate a new calculation of something like 8% per year or something like that?  but anyhow, I try to keep my expectations down, prepare for both positive and negative, and surely with those kinds of expectations, bitcoin has been outperforming any other aspect of my portfolio by leaps and bounds.

I don't really want to change my ways, because I think that my psychology and even my finances remain sound because of my creation of a historical practice that allows me to get rich and to stay rich with the passage of time, so I recognize that if younger folks have both less diversified assets and even a shorter investment history, then they might create systems that both expect higher returns, and perhaps they are going to be able to achieve them, too?  I am not sure if it is might be prudent for anyone to make sure not to put everything into bitcoin and to have his/her expenses covered - maybe even to be able to outline a year or more that cashflow is assured to cover all expenses (including emergency funds), and then maybe with the remainder value 100% of that remainder value could go into bitcoin.  that might work, but still does not seem healthy to expect 20x returns, even though 20x returns could happen, so in that regard, preparation for 20x returns is still accomplished even though expectations are not overly inflated which could cause a kind of recting, too, if expectations are too high.
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August 14, 2019, 05:47:40 PM
Merited by LFC_Bitcoin (1)


Meh!

My stats on BPIP. Seems I have trusted too many 'dubious' people on here! Smiley

https://bpip.org/search.aspx?q=Searing

https://bpip.org/profile.aspx?p=Searing

Brad


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August 14, 2019, 05:53:27 PM

My stats (I think I post too much Cheesy)

JayJuanGee
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August 14, 2019, 05:57:54 PM

[edited out]

I was being sarcastic. The whole forum has no idea if BTC will reach 50k one day, of course we all wish it does.

I was replying to a rude post from ivomm, I got mocked for prediction 10.6k two days ago, and here we are. Yes maybe I act "proud" of my prediction but when you get shit for no reason it's at least reasonable to acknowledge you talked shit and had no clue  Kiss It happens. Helps to be more humble too.
 In the meantime, I now buy again, sold at 11.6k, buy at 10.6k as planned last week   Shocked  Don't know what will be the next move.


Fair enough.

You are right that none of us really know if BTC will reach $50k some day, $100k, $300k, $1million, or $10million, but all of those are within reasonable parameters of prediction, especially given where bitcoin is today, including its historical performance and fundamentals.  So preparing for grand upwards price movements might not be a "given", they are still decent asymmetric bets that seem to be more than prudent.. and likely even advisable for all people to put 1% or more of their networth into bitcoin (maybe absent someone who cannot create at least a 5 year investment timeline due to a short life expectation or some other reason that they need to keep their assets more liquid on a shorter timeline).

I agree that up and down fluctuations of 10% or more are more than reasonable; however, I wonder how prudent it is to be selling very much of your BTC stash with those kinds of expectations of a 10% or so downward BTC price movement that might not pan out.  Seems a bit risky.

Are you trading with just a small portion of your stash, or are you trading with more than 50% of it?  I agree that Ivomm may have responded a bit strongly, but there are surely a decent number of active bitcoin hodlers who have stupendous bitcoin returns and overall BTC portfolio performance without selling any BTC through their whole time investing in BTC.  I recall that there are even a decent number of actual studies that show that traders end up performing much worse than just buying and holding and accumulating BTC  even if that buying and  holding may have started at higher prices, such as towards the December 2017 top at $19,666.

I am guilty of some of the same hostility towards folks who are predicting downward BTC price movements, even when their predictions might be reasonable,  so anyone predicting downward BTC price movement and posting it in this thread should be prepared to back up their assertions a bit more than those predicting upwards... I think that it is the nature of investing in something like BTC, which is already under attack on a regular and ongoing basis by naysayers, FUD spreaders and alt coin pumpers.
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August 14, 2019, 05:58:45 PM

This is a good news on the day when Barclays cut his services to Coinbase.
Interesting that they would do this right now. I wonder if they’ve done this to stem the tide of GBP flowing into BTC during the Brexit volatility. They’d rather the money went to the stock market or other fiat currencies.

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August 14, 2019, 05:58:46 PM

Fillippone just pawn in the Game of Bitcointalk...

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August 14, 2019, 06:03:45 PM

Coming down to $8k?
Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed
Hanging at $10200,so how did you say its confirmed? Wale is gonna wake up!
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August 14, 2019, 06:04:31 PM

It's happening:

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