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

[JimboToronto]

Coin
Explanation

Well look at Coinbase. Step walls bouncing in and out.

[God27]

$250 is the new $350...we will again just trickle down to $200.

Then over the next 3 months we see more bankruptcies and etc.  Not really effecting the price.

At $200, will the next BIG STORY be down to double digits or $450....nobody knows.


Place your bets and have fun.

I've recently become less bullish on price. Previously I was buying set amount of CAD per month that we stay below 400 CAD.

Moving forward I will be only buying a set amount of BTC per month so if this thing does indeed keep going south, I'll be losing less and less each month.

I'd agree buying in terms of weekly or biweekly or monthly under $300 is a good investment.  I would re-evaluate once it goes above $400 again, not saying take all profits though.

Grand plan was buy below 400 sell above 800.

If this little experiment fails, it doesn't change my life one way or the other.

If it succeeds? ... bah, who knows?

I just never trusted the price increase from October 2013 and there after.  

Coinbase and other truthful exchanges should be able to survive and profit with bitcoin at a dollar.  

What's the next thing that makes the price of bitcoin go up? Not the value of these startups and ETF's?

[billyjoeallen]

$250 is the new $350...we will again just trickle down to $200.

Then over the next 3 months we see more bankruptcies and etc.  Not really effecting the price.

At $200, will the next BIG STORY be down to double digits or $450....nobody knows.


Place your bets and have fun.

I've recently become less bullish on price. Previously I was buying set amount of CAD per month that we stay below 400 CAD.

Moving forward I will be only buying a set amount of BTC per month so if this thing does indeed keep going south, I'll be losing less and less each month.

That makes no sense. You should stick to you original plan. You get more for your money. What if it goes up? Are you then going to start buying thousands of dollars worth every month?

[JorgeStolfi]

Epic trolling, no? He might even be forced to hire a lawyer to defend himself.

I don't have much experience with the law, but I did sue my lawyer a few years ago, and won. 

Details!?

Too long a story to tell in full... But we sued a bank about the terms of financing of our house. It was to be a routine lawsuit; the courts had already ruled long time ago that all banks had made the same mistake, but each victim still had to sue them separately.  We hired a lawyer firm that did nothing but such lawsuits.  But when the hearing was finally scheduled, a couple of years later, the lawyer did not warn us, did not show up in court, and we lost by WO. 

So we sued the lawyer for damages,  and his fault was so blatant that we won easily.  But then our second lawyer convinced us to appeal because we were not awarded full damages.  We are still waiting for the appeal to be scheduled...

[DaRude]

$250 is the new $350...we will again just trickle down to $200.

Then over the next 3 months we see more bankruptcies and etc.  Not really effecting the price.

At $200, will the next BIG STORY be down to double digits or $450....nobody knows.


Place your bets and have fun.

I've recently become less bullish on price. Previously I was buying set amount of CAD per month that we stay below 400 CAD.

Moving forward I will be only buying a set amount of BTC per month so if this thing does indeed keep going south, I'll be losing less and less each month.

That makes no sense. You should stick to you original plan. You get more for your money. What if it goes up? Are you then going to start buying thousands of dollars worth every month?

That ^ so if BTC goes to $10k how much will you be dropping a month on BTC

[shmadz]

Well look at Coinbase. Step walls bouncing in and out.

It might take a month or two before it starts acting like a "real" exchange, but I think the potential is there for it to be a volume player if they can get the regulatory crap figured out.

I did not follow through with the sign up process, as CaVirtex is serving me quite well, and interac payments from my bank are instant, so I don't have to predict the price a week in advance, but I found it strange that they did not throw any red flags when I was stepping through the process.

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

[JimboToronto]

Epic trolling, no? He might even be forced to hire a lawyer to defend himself.

I don't have much experience with the law, but I did sue my lawyer a few years ago, and won. 

Details!?

Too long a story to tell in full... But we sued a bank about the terms of financing of our house. It was to be a routine lawsuit; the courts had already ruled long time ago that all banks had made the same mistake, but each victim still had to sue them separately.  We hired a lawyer firm that did nothing but such lawsuits.  But when the hearing was finally scheduled, a couple of years later, the lawyer did not warn us, did not show up in court, and we lost by WO. 

So we sued the lawyer for damages,  and his fault was so blatant that we won easily.  But then our second lawyer convinced us to appeal because we were not awarded full damages.  We are still waiting for the appeal to be scheduled...

Spoonerism joke:

A rooster clucks defiance and a lawyer...

 

[JimboToronto]

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

Not yet. They said they will in the future.

[shmadz]

$250 is the new $350...we will again just trickle down to $200.

Then over the next 3 months we see more bankruptcies and etc.  Not really effecting the price.

At $200, will the next BIG STORY be down to double digits or $450....nobody knows.


Place your bets and have fun.

I've recently become less bullish on price. Previously I was buying set amount of CAD per month that we stay below 400 CAD.

Moving forward I will be only buying a set amount of BTC per month so if this thing does indeed keep going south, I'll be losing less and less each month.

That makes no sense. You should stick to you original plan. You get more for your money. What if it goes up? Are you then going to start buying thousands of dollars worth every month?

That ^ so if BTC goes to $10k how much will you be dropping a month on BTC

Emphasized for clarity. If we go back above 400 CAD my buying days are over (I'll still be mining probably) but yeah, my original target total number of bitcoin has already been reached, but with low prices I'm hoping to double that target,

tl;dr my bags are already full, I'm willing to take on additional risk at these prices, but I'm not going to bet the farm. If it succeeds, great, I'm set. If it fails, no big loss.

[Walsoraj]

Epic trolling, no? He might even be forced to hire a lawyer to defend himself.

I don't have much experience with the law, but I did sue my lawyer a few years ago, and won.  

Details!?

Too long a story to tell in full... But we sued a bank about the terms of financing of our house. It was to be a routine lawsuit; the courts had already ruled long time ago that all banks had made the same mistake, but each victim still had to sue them separately.  We hired a lawyer firm that did nothing but such lawsuits.  But when the hearing was finally scheduled, a couple of years later, the lawyer did not warn us, did not show up in court, and we lost by WO.  

So we sued the lawyer for damages,  and his fault was so blatant that we won easily.  But then our second lawyer convinced us to appeal because we were not awarded full damages.  We are still waiting for the appeal to be scheduled...

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

[JorgeStolfi]

Spoonerism joke:
A rooster clucks defiance and a lawyer...
 

Indeed...   

[JorgeStolfi]

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision.  As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately.  (If you think that the US or European legal system is rotten, you should try ours...)

[Chef Ramsay]

think its safe to sleep in btc? :/

Probably not

If this has become a trading site then hell no. If this is a realistic future monitoring thread then it's always the right thing to do. And, I do this almost always unless I feel the need to take some advice and shell a few coins to make a little more at the right time. The way this market goes, I would never let more than 3-5% of my stash to be played with. I'm not greedy nor chancing stupid market theories.

[shmadz]

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

Not yet. They said they will in the future.

Hmm, good to hear, I guess, but I'll believe it when I sees it.

Any pressure on virtex to lower their fees would be welcome.

[Walsoraj]

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision.  As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately.  (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

Do you have injury mills in Brazil?

[ChartBuddy]

Coin
Explanation

[shmadz]

think its safe to sleep in btc? :/

Probably not

If this has become a trading site then hell no. If this is a realistic future monitoring thread then it's always the right thing to do. And, I do this almost always unless I feel the need to take some advice and shell a few coins to make a little more at the right time. The way this market goes, I would never let more than 3-5% of my stash to be played with. I'm not greedy nor chancing stupid market theories.

I have to agree with the chef on this. Kodtycoon, damiano, you have to do whatever you need to do to sleep well at night, and I admit I'm only at about a 50-50 chance of this thing going either way... so no insight or advice to be had from me, but...

In my experience, when I wake up to see the market has gone down, I feel excited that there may be some opportunity to be had. When I wake up and see the market has gone up? I feel sick. I feel like I knew something and I had a chance at something and I let it slip.

Like I said, I'm 50-50 on this market right now, but I sleep better being invested as heavily add I can afford to be in bitcoin. Honestly, equities and fiat risk scare the shit out of me and give me bad dreams.

Not investment advice, just, like, you know, my opinion, man.  I'm fully willing to take the consequences of my personal decisions, and I wish you good luck with yours.

[freedomno1]

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

Not yet. They said they will in the future.

Hmm, good to hear, I guess, but I'll believe it when I sees it.

Any pressure on virtex to lower their fees would be welcome.

True enough they did halve their fees a while back but it's still a lot higher than the average
I'll just be happy as long as they don't get hacked or collapse lol.
(Other virtex finally ran with their coins)

[JorgeStolfi]

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision.  As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately.  (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

The firm was called something like "São Paulo Homeowners Association"  and had branches all over the state; but, after the fact, we learned the local offices in each city were actually franchises.  The Campinas office was particularly inept, dishonest, and badly staffed (we were not their only victims). 

Do you have injury mills in Brazil?

There may be, I don't know.  I have the impression that Brazilian courts are not as prone to award fat injury damages to common folk as the US courts.

I tried googling for such thing, and the first hit was actually a lawyer and a judge in a small town who conspired to create a "lawsuit factory".  You wanted to harm someone, somewhere? You only had to hire that lawyer; he would bring some bogus charges against the victim in that city's court, and the judge would approve it.   Some 600 such cases were tried before the higher authorities noticed...

[shmadz]

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision.  As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately.  (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

The firm was called something like "São Paulo Homeowners Association"  and had branches all over the state; but, after the fact, we learned the local offices in each city were actually franchises.  The Campinas office was particularly inept, dishonest, and badly staffed (we were not their only victims). 

Do you have injury mills in Brazil?

There may be, I don't know.  I have the impression that Brazilian courts are not as prone to award fat injury damages to common folk as the US courts.

I tried googling for such thing, and the first hit was actually a lawyer and a judge in a small town who conspired to create a "lawsuit factory".  You wanted to harm someone, somewhere? You only had to hire that lawyer; he would bring some bogus charges against the victim in that city's court, and the judge would approve it.   Some 600 such cases were tried before the higher authorities noticed...

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.