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November 16, 2019, 01:31:26 AM *
News: Help collect the most notable posts made over the last 10 years.
 
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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (8.9%)
Early 2020 - 35 (22.2%)
Late 2020 - 47 (29.7%)
Early 2021 - 14 (8.9%)
Late 2021 - 25 (15.8%)
2022 - 4 (2.5%)
2023 - 0 (0%)
2024 - 4 (2.5%)
After 2024 - 3 (1.9%)
Never - 12 (7.6%)
Total Voters: 158

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21431547 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. (129 posts by 23 users deleted.)
Krubster
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September 21, 2019, 03:16:04 PM

Came across something interesting in reddit. claiming the origin of term " Shitcoin".. part of the history i suppose if that's true.
...it would have to be better in some way other than just "I started the new chain, so I've got a lot of the easy-to-generate-at-the-beginning-coins."
You say that now, but if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.
Nice find. Interesting how the same argument is valid today, 9 years later. The only difference is that have a few more thousand shitcoins today.
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vroom
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a Cray can run an endless loop in under 4 hours


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September 21, 2019, 03:19:31 PM
Last edit: September 21, 2019, 03:35:35 PM by vroom
Merited by VB1001 (1)

coming up next (<7d) a new local low at $9000-9250, then leg up to $15000.

made a professional TA to support my prediction

bitebits
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Bitcoin != exchange rate


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September 21, 2019, 03:31:06 PM
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WO-brothers in arms

Have fun guys!
Arriemoller
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September 21, 2019, 03:57:59 PM

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

The specs say 80 liters per hour, but I have no idea if that is some kind of average, or how that is calculated.
Arriemoller
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September 21, 2019, 04:01:54 PM

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

I showed that to the money guy behind the seastead project (who was about to go buy a cargo ship before the Thai navy thing).

He responded with just one word.

sub

Meaning what? That it's subpar or he wants a submarine or what?
Arriemoller
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September 21, 2019, 04:07:15 PM

I also want that mother ship they drive on to/of from in the first clip.

EDIT: and the armament.
jojo69
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no FOMO


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September 21, 2019, 04:34:10 PM

"the Thai navy thing"
JayJuanGee
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How much alt coin diversification is needed? 0%?


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September 21, 2019, 04:35:22 PM


It is like, the more poorer you are, the longer you stay poor.


bingo

Yes... but there is a bit of a fallacy in that kind of thinking.

I believe that it is safer to believe that it takes a long fucking time to build up wealth, especially if you are starting from zero, close to zero or in the negative, and so in that regard, if you are starting out with a decent amount of wealth, then you both have more options and there are a large number of ways that you can structure your capital to work for you in order to keep you rich.

But, even rich folks fail/refuse to understand how to manage their money properly and end up neither preserving nor building their wealth from whatever lofty position that they may have started.

Of course, building marketable skills can also be a good way to preserve and to build wealth, too.

Anyhow, even if it can take a long-ass time for poor people to build wealth, that does not signify that they should either end up engaging in rushed behavior or even gambling, with a sense of desperation.  From my thinking it remains a better practice to just continue to work with what you got, and maybe you need to be more aggressive with your investment or more frugal with your spending while you are building wealth, but if you continue to strive towards building wealth including making sure that you have a decent income source, to the extent that is feasible, then bitcoin is still likely to put you way the fuck better off (comparing yourself to yourself) than if it had not existed. 

So in essence, I am suggesting that guys (and gal) need to structure strategies and plans that compete against themselves in terms of options rather than pondering over the financial situations of other people (except maybe to attempt to learn from that).  So seems to be likely that any guy (or gal) with bitcoin accumulation (whatever amount that they can reasonably and prudently muster up within their own financial circumstances) is going to have chances of prospering better than the same guy(or gal) without a bitcoin accumulation plan strategy that is incorporated into their life.
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September 21, 2019, 04:59:01 PM
Last edit: September 21, 2019, 05:41:36 PM by VB1001
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Quote
Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come
https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

Quote
On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

This is coming.


https://i.imgur.com/kQ2Rca8.jpg
barota
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CryptoTalk.Org - Get Paid for every Post!


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September 21, 2019, 05:04:04 PM

bitcoin price soon


mersal
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September 21, 2019, 05:20:25 PM

bitcoin price soon




One more bitcoin hater? Tongue

Bitcoin price increased from 3000 to $10000 so no one will be in great danger if it goes bank to $9000 or $8000.

Meanwhile WO reached more than 500K replies. Shocked
bitcoinPsycho
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$100,000 BTC in one hour🍄💊


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September 21, 2019, 05:21:03 PM
Merited by VB1001 (1)

bitcoin price soon



Biodom
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September 21, 2019, 05:23:58 PM
Merited by suchmoon (4), vapourminer (1), JayJuanGee (1), jojo69 (1)

It is like, the more poorer you are, the longer you stay poor.

The more richer you are, the shorter it takes to get even more richer.


Regarding the latter and btc...imagine being a whale and gaining or losing millions a day, almost every day. It could be exhausting.

Re being poor...read this...it sucks even more to be OLD and poor because you have very few options or no options.
The narrative of the next few decades for millions might be the story of going from high middle class to lower middle class or becoming poor.
Hopefully, bitcoin would rescue some.

https://getpocket.com/explore/item/falling
VB1001
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"Four Wheel Drive"


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September 21, 2019, 05:24:38 PM



Sure mic likes this red color. Cheesy
micgoossens
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O, 5-digits where art thou


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September 21, 2019, 05:48:36 PM



Sure mic likes this red color. Cheesy

Indeed Cheesy
micgoossens
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O, 5-digits where art thou


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September 21, 2019, 05:50:04 PM

bitcoin price soon




Yeah, I know HM already gave us his thesis on why and how fast we Will bounce back ...

Actually he was very similar as what vroom has written today
jojo69
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September 21, 2019, 05:50:10 PM


Dammed fine introspective.

Thank you.
micgoossens
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O, 5-digits where art thou


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September 21, 2019, 05:52:38 PM


Thx man Smiley
Ludwig Von
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September 21, 2019, 06:01:04 PM
Merited by Hueristic (1)

Quote
Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come
https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

Quote
On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

This is coming.


https://i.imgur.com/kQ2Rca8.jpg

Well, allow me to be extremely sceptical of wheter this will be positive for BTC. Probably yes at first, but long term no. It will first try to suppress volatility, later become a tool for outright manipulation. Just like what happens with gold.
JayJuanGee
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September 21, 2019, 06:11:21 PM

It is like, the more poorer you are, the longer you stay poor.

The more richer you are, the shorter it takes to get even more richer.

Regarding the latter and btc...imagine being a whale and gaining or losing millions a day, almost every day. It could be exhausting.


Surely, I am not any kind of whale; however, I can attest that when my equity cushion became a whole hell of a lot greater, I became less concerned about actual substantive amounts of my changes in richness with large short-term swings.

I do still monitor the changes in the substantive amounts but I am not very bothered by it - because I continue to consider both the equity cushion and also the likely difficulties to go below a certain level of total wealth - that is also attributable to the fact that there is a kind of equity cushion.

Let's consider a hypothetical BTC whale person who manages a personal BTC holdings of between about 2,000 BTC and 2,500 BTC (today valued between $20million and $25 million).  There is some BTC trading on dips, which causes fiat holdings that are dedicated towards BTC that constitute 5% to 10% of the total value of the BTC holdings that are held in fiat (today valued between $1million and $2.5million), depending on BTC price spikes and dips.

So, yeah of course, if BTC prices move 30% in a day or a week, then the value of the holdings might swing by $6million to $7 million in that period of time.  Also, when BTC prices were at their peak in late 2017, let's say that the hypothetical whale had around 2,000 BTC (valued at nearly $40million) and fiat holdings that were about 10-12%, which would have been ($4million to $5million).  Then when the BTC price dropped down to $3,122, the BTC holdings might have increased to nearly 2,600 BTC (valued at about $8.1 million), while the fiat reserves also decreased to about 3% to 4% (or perhaps less) of the total value of the holdings,  which would have been a mere $240k to $325k, so yeah there are substantively great changes in the actual total BTC investment portfolio wealth, but there could also be a decently sized equity cushion.  Let's say for example, this hypothetical person had gotten into BTC somewhere between 2013 and 2016, and had acquired his BTC stash of about 2,500 or so BTC for about $2million, at the bottom of the dip, his holdings are still more than 4x in value (that is $8.1million + $280k = $8.38 million) from his initial investment amount.  

I really doubt that these kind of whales are really stressing out about the BIG moves in the value of their BTC investment as much as you might believe, especially, if they had gotten into BTC with about a 10% or less allocation, which would mean that the about $2million that they put in was 10% of their total quasi-investible wealth - which, with those numbers, would have been in the $20million arena.

I really doubt that whales are preoccupied about changes in their wealth to the extent that they are not already considering matters of being sufficiently hedged, and not engaging in extraordinary gambling.  Of course, some will be dumb-ass gamblers, but those ones will not be likely to be hanging onto their wealth in the long term.  The actual smart money is going to both hedge and not be gambling and worried nor easily shaken out of their BTC investment in the same kinds of ways that those players that engage in too much gambling by either over-allocating how much they have invested into BTC and attempting to play around too much with their investment, rather than merely dollar cost average buying and buying on dips and reasonable, prudent and strategic practices like that.
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