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

[infofront]

Anyone know why Max Keiser keeps saying 28k?  What's special about 28k?

I listened to his show a couple weeks ago and I thought he said something about a long term trendline there. Maybe it's a fib?

[bitebits]

Was waiting for someone to compile this info this time around...

https://www.visualcapitalist.com/bitcoin-is-near-all-time-highs-and-the-mainstream-doesnt-careyet/

BTC price
vs Google Searches
vs Media Mentions
vs Twitter Mentions

For math and science reasons

When feeling lazy:

[bitebits]

https://twitter.com/BetonRyaner/status/1331240622649462786

https://www.vesselfinder.com/vessels/SATOSHI-IMO-8521232-MMSI-355852000

[Karartma1]

https://twitter.com/BetonRyaner/status/1331240622649462786

https://www.vesselfinder.com/vessels/SATOSHI-IMO-8521232-MMSI-355852000

The guy clearly doesn't read us. He should start maybe.

ATH only postponed, relax boys and girls.

No ATH while Bob sleeps.

[El duderino_]

Hi 19

[Karartma1]

Hi 19

Hey Dude, can't sleep?

[El duderino_]

Hi 19

Hey Dude, can't sleep?

Just woke up already 

Belgian time brother

[AlcoHoDL]

Today may be the day.

Soon anyway!

[HairyMaclairy]

Anyone know why Max Keiser keeps saying 28k?  What's special about 28k?

I listened to his show a couple weeks ago and I thought he said something about a long term trendline there. Maybe it's a fib?

It’s when the $ exceeds the number of pages on the WO.  Obviously.  

[Wekkel]

It’s when the $ exceeds the number of pages on the WO.  Obviously.  

$27,600, the Real All Time High  

[maxx11]

It’s when the $ exceeds the number of pages on the WO.  Obviously.  

$27,600, the Real All Time High  

No way, this scam pamp and damp

[kellrobinson]

they don't have the technical skills to be their own bank. This is the main issue here I believe.

PayPal is the solution!  Unless and until they freeze your account. Oops!
Guess you can't have your cake bitcoin and eat it too.

[Syke]

On repeat until we hit 20. Nuh nuh nuh nuh nineteen! https://www.youtube.com/watch?v=lJN850qHklw

[aesma]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

[JayJuanGee]

overinvested in bitcoin

It’s funny.  I never hear people say, “overinvested in (dollars|euros|whatever)”.  ;-)

Can one be overinvested in money?  Is that like allocating too much cash in your portfolio?

Firing at random, for I am now something like 20 pages behind WO.  ATH yet?

If all your bills are denominated in bitcoin, then no problem to keep all your money in bitcoin -otherwise, if you have bills in dollars, you might be forced to reallocate some of those 100% bitcoins into dollars in order to make good on those bills.. and you may end up making such conversion at a time that is not of your choosing. 

If I walk up to any random business and ask them if they will take bitcoins to settle or to render a good or service, there are pretty low odds that such random business is going to agree to transact with me in bitcoin.. because likely their first response would be, "what's that?"  No one wants to appear dumb, of course, so they might fake it and they may have even heard of it, but they are not set up with an ability to receive bitcoin, an they might be reluctant to set up such ability, especially if they are approached from random peep (namely yours truly) off of the street.

[aesma]

to put it simply they don't have the technical skills to be their own bank.

I don't know if that's really the main issue. Understanding all the details is a bit complicated, sure, but using BTC securely, not that much. Buy a hardware wallet, put the backup seed in a safe place, be a bit careful... Doing that doesn't do everything a bank does, though, maybe that's the scary part : it doesn't deal with your taxes, it doesn't go to your heirs if you don't organize things, etc.

I guess such people should go to BTC places, in Paris for example there is a "Coinhouse" where they will guide you through it (and of course sell you coins).

[aesma]

JayJuanGee : I'd say what matters most isn't the denomination on the bills (although that might matter if you're hiding money from the taxman) but rather what basis the business is using to price its services/goods. If the basis is fiat, which it will almost always be, then even if you can pay in BTC, there will be favorable and unfavorable times. Of course if the business is also trying to hide some income from the taxman, then some deals could be obtained...

[JayJuanGee]

Was waiting for someone to compile this info this time around...

https://www.visualcapitalist.com/bitcoin-is-near-all-time-highs-and-the-mainstream-doesnt-careyet/

BTC price
vs Google Searches
vs Media Mentions
vs Twitter Mentions

For math and science reasons

When feeling lazy:

Some of these kinds of comparison charts are very misleading and they end up directing the conversation to some extent based on their selection and their cut-offs in the timeline.. and we cannot see therein an inclusion of the more likely place where we are at - not that we are going to know, with any precision about exactly where we are at  or even where we might be going.  Anyhow they are not including 2016 and what lead up to 2016 - at least where we may well be at the end of 2016 or towards the beginning of 2017 - right before we reach the ATH ... but not quite reaching such ATH yet, not the end of 2017 and we cannot even presume that we are going to break the ATH or where we might go from here.. even though many of us have decent hypotheses on the topic.  

Sure there could be several ways to resolve such bad juxtapositions... even though I am hearing a lot of those bad comparisons - even coming from peeps who should know better...  easy to lapse into such a mistake, but not as easy for someone who has been around BTC MOAR longer.

Today may be the day.

Soon^tm anyway!

FTFY

you will thank me later; perhaps, after the rush resolves its lil selfie.

[spiderbrain]

On repeat until we hit 20. Nuh nuh nuh nuh nineteen! https://www.youtube.com/watch?v=lJN850qHklw

nice. I had this on last halving ATH breakout https://www.youtube.com/watch?v=-P67b07z7Qw

[JayJuanGee]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

Tell ur lil friend that anything is possible.

You can also tell ur lil friend to prepare for more likely scenarios rather than less likely scenarios, but don't be surprised if, from time to time, less likely scenarios end up playing out.. oh sheeeiiit.

JayJuanGee : I'd say what matters most isn't the denomination on the bills (although that might matter if you're hiding money from the taxman) but rather what basis the business is using to price its services/goods. If the basis is fiat, which it will almost always be, then even if you can pay in BTC, there will be favorable and unfavorable times. Of course if the business is also trying to hide some income from the taxman, then some deals could be obtained...

How you going to pay in BTC if the person refuses to accept BTC..?  Hold a gun to their head?  You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?