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

[Elwar]

Thanks for all the replies. Well, I wish I would have listened to my intention and bought Facebook stocks on day 1. Instead, I listened to others again. When it comes to diversification, I only know the usual suspects. Gold, wich is in the hand of the US government and they manipulate the price how they like. Same goes on with silver. And any other usual investment is controlled by the governments. So I only see BTC as independent at the moment.

60% in BTC, yeah thats a lot. And maybe you all are right. It is more then enough. But it bothers me to keep the rest of my money in FIAT at home. I don´t trust any banks. Gold, I would like to buy some gold and store it at home. But there is no profit with gold. And about other investments, I have no idea.

Actually, if you have that much cash liquid...sign up at localbitcoins to buy/sell bitcoins for a profit. Start earning money on your holdings.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Interesting interview with a guy who's paid in bitcoin living mostly on bitcoin.

http://www.forbes.com/sites/laurashin/2016/01/07/this-man-has-been-living-on-bitcoin-for-3-years/

I know a guy who couch-surfed for at least 3 years. Forbes.com should do a story on him.

LOL! You "know a guy"...

[Hyperjacked]

Interesting interview with a guy who's paid in bitcoin living mostly on bitcoin.

http://www.forbes.com/sites/laurashin/2016/01/07/this-man-has-been-living-on-bitcoin-for-3-years/

I know a guy who couch-surfed for at least 3 years. Forbes.com should do a story on him.

Do I know you...?

Still early for Bitcoin investors...

[Richy_T]

... it all depends on what mempool you are looking at, each one is shaped by the individual node's user-selectable relay policies.

True. But the indication is that there are plenty of transactions out there if miners cared to include them.

Interesting to see that a patch to expire transactions was added back in October. I didn't realize they never expired otherwise.

[Richy_T]

Are you sure that number is correct? Your mempool size in MB is 10x that of the one at https://tradeblock.com/bitcoin/

$ bitcoin-cli getmempoolinfo
{
    "size" : 3929,
    "bytes" : 38421374
}

*shrug*. Perhaps they have more restrictive relaying rules.

[aztecminer]

Where are the bears?

bears be watchin.... 

i'm still a bear.. for several reasons.. however, i played both sides of the coin.. i'm bearish, but i am holding too.. my cold storage = my sacrifice.

[Richy_T]

Another possibility, with a little creativity (and reasonable planning) there could be an attempt to maintain the approximate same level of investment into BTC versus fiat within about 5% and then buy BTC on the way down and sell on the way up, which if played properly and systematically  (maybe a big "if"?) would likely increase BTC and fiat holdings over time and make the overall
portfolio a bit less risky.

This is what I would be thinking. Aim for 60% in BTC and diversify the other 40 into other things. Though it's difficult to know what these days.

If Bitcoin rises a lot, however, might want to consider letting that sit somewhere above 60% though.

[ChartBuddy]

Coin



Explanation

[Richy_T]

I hadn't thought of asking my friends to pay for the meal then pay them in bitcoins. I usually have enough cash from localbitcoins for that.

That's not really living on bitcoins though. It's not really different from what you're doing with localbitcoins and may piss friends off.

[aztecminer]

After price rises 10% and retraces 3% the bears will be back.

i haven't gone anywhere.. as a matter of fact, i am helpin keep this biatch levitated.. they can't go down or people like me will buy coins we sold before at a profit cheaper than we sold ... if they go up then people like me gain fiat value for their stash (fiat value doesnt mean much since the usd is dying anyways) .. they can go sideways, but i, personally, will easily outlast that shiat ... thats why i am always in here talking trash..cuz..it dont matter which way .. THEY CAN'T PUNISH ME .. obviously.... i talking trash even as the value of my cold storage holdings is increasing.

[Richy_T]

Instead, I listened to others again.

Yeah, that can be a costly lesson.

[aztecminer]

^OK.

Hey, how come nobody's talkin' 'bout this?

https://bitcoin.org/en/bitcoin-core/2016-01-07-statement

It's like you all just up and forgot how to appreciate Blockstream!

hahahahaha...


The reason is because, for some strange reason, the one instrument marching band, BJA, has disappeared from this thread and has NOT been trolling in recent days.

He (BJA) is probably out trying to figure out his story in order to make a come back and to tell us about his having had made "mucho bucks" in the latest BTC price movement because of our small blocker stupidities.

don't worry.. i got the trash talking covered while he is away .

[Elwar]

I hadn't thought of asking my friends to pay for the meal then pay them in bitcoins. I usually have enough cash from localbitcoins for that.

That's not really living on bitcoins though. It's not really different from what you're doing with localbitcoins and may piss friends off.

Well, I've finally talked my landlord into accepting bitcoins for rent after a year living there. It's not like I come out of nowhere with it. I show them how I can live on it, give them the benefits but don't try to sell them. I just lead by example. Most of my friends think Bitcoin is a good idea but just say they wish they'd gotten in early (like there is no point to it now that the price is higher). My landlord invests in gold and oil and stocks so he likes the idea of being able to invest with the rent I pay him. And he travels to the US a lot so he likes the idea of being able to use Gyft.

[log2exp]

I hadn't thought of asking my friends to pay for the meal then pay them in bitcoins. I usually have enough cash from localbitcoins for that.

That's not really living on bitcoins though. It's not really different from what you're doing with localbitcoins and may piss friends off.

Well, I've finally talked my landlord into accepting bitcoins for rent after a year living there. It's not like I come out of nowhere with it. I show them how I can live on it, give them the benefits but don't try to sell them. I just lead by example. Most of my friends think Bitcoin is a good idea but just say they wish they'd gotten in early (like there is no point to it now that the price is higher). My landlord invests in gold and oil and stocks so he likes the idea of being able to invest with the rent I pay him. And he travels to the US a lot so he likes the idea of being able to use Gyft.

Congrats! This, the grassroot movement is essential for a slow and steady rise.

[Elwar]

[...]My landlord invests in gold and oil [...]

What's it like, having a brokeass landlord?

Ya, he hasn't been very happy about oil and Apple this year. Maybe that's why he's glad I'm renting.

[aztecminer]

Well, is everyone happy in here lol, seems when the stock market shakes apart, BTC goes up. 

yeah... greece pump was small timers compared to this!

[aztecminer]

Well, is everyone happy in here lol, seems when the stock market shakes apart, BTC goes up. 

noone is ever happy in here anymore ... trolls are gonna make sure that there's an endless stream of FUD and negativity explaining how crap and flawed bitcoin is ... bitcoin has a long way to go before trolls throw in the towel, like next ATH.

well the problem is: there ARE flaws in bitcoin. ... several in fact.

[aztecminer]

yes so true... it never ends.

Its only because they know its good, and they missed the boat somewhere along the way  

hmm.. i just learned that.. if anyone exposes bitcoins flaws, then they musta "missed the boat" .

[aztecminer]

hmm.. found an image of the November 2015 Marshal's Auction Pump



http://imgur.com/B1d2SmH