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

[JayJuanGee]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

[suda123]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

What alts did you buy?

[JayJuanGee]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

What alts did you buy?

I don't have any significant holdings in any alts, and I only invested in some alts when I first started Bitcoin - two years ago.

In any event, my current alt holdings are less than .5% of my current total crypto holdings, and I have no short term plans or inclinations towards any alts.


When I referred to diversification, above, I was referring to diversifying within my retirement fund and also a certain amount of  Bitcoin offsetting of that risk with my own Bitcoin holdings and recent trading strategies within Bitcoin. 

Overall, I believe my distribution of various risks is good for me at this time in my life and my total situation including considering various costs involved with studying and potentially moving around assets and attempting to predict the direction of various markets with incomplete information.

[luckygenough56]

 

[oda.krell]

I'm not overly sad to see Mike go. He seems to be a seriously competent developer, but on the political and economical dimensions, his absence is a net benefit in my opinion - don't we all fondly remember his 'redlisting' suggestion when he was chair of the Law & Policy committee?

Mike Hearn's exit mic drop

I find it tough to dispute his arguments. It's getting close to fork or die time...

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.m7ipd85nk

It's easy as shit to dispute his arguments.  He's basically claiming that if the blocks ever fill up, then Bitcoin has failed.  Since Bitcoin can't scale to world reserve currency without really fucking big blocks (133MB with lightning network and way higher without it), it's pretty much guaranteed to have full blocks and a fee market no matter what you do.  While I do think Bitcoin needs at least 8MB blocks to remove most of the glass ceiling on price, his logic is not sound at all about it succeeding or failing based on blocks being full or not.

That post might impress Bitcoin noobs into thinking there's some type of crisis, but blocks becoming full was always destined to happen from day 1.  The real issue is that Lightning Network does not exist TODAY, and so blocks should be raised so that Bitcoin has more room to grow until that happens, assuming Lightning Network is even the solution to all our problems in the first place.  The way I see it, a collateral bid, deterministic block production system with something like 1001 fixed block producers is the only low hanging fruit I see to solve decentralization and on-chain scaling at the moment:

https://bitcointalk.org/index.php?topic=1317450.0

Huh. A r0ach post I entirely agree with. Either I'm getting soft, or you are.

(Also, add to the list of this article's bullshit arguments: "Chinese miners are the reason we don't have bigger blocks". You can blame China's influence (by mining, exchanges, investing) for many things, but causing the blocksize deadlock is not one of them. The big pools have been on record for a long time that they're in favor of raising the limit in principle.)

(EDIT) Agreeing with everything, except maybe for your PoS pet project. But that's a decision to be revisited long into the future, so it doesn't bother me to think about it.

[ChartBuddy]

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Explanation

[suda123]

oh go all these mother fucking cheap coins, i can't wait to buy on my payday LOL

Im to busy watching the economy collapse to even care at this point, also in live view

https://www.google.com/finance?cid=7521596

The dow jones was down about 1.5% yesterday, and up about 1.5% today.... so overall flat over the past few days, though trending down over the past few months. 


I know my stock related investments (DJI related)  lost about 14% since May 2015.

should short s&p 500 or buy silver, then trade that silver into bitcoin later.

At various times I have considered what to do, and the fuller story it is part of a retirement portfolio with limits.

recently I just decided to reallocate within the available options to hopefully lessen future risk while attempting some overall diversification of my various investment funds, including my bitcoin holdings which is considered a form of offset to those retirement funds. 

What alts did you buy?

I don't have any significant holdings in any alts, and I only invested in some alts when I first started Bitcoin - two years ago.

In any event, my current alt holdings are less than .5% of my current total crypto holdings, and I have no short term plans or inclinations towards any alts.


When I referred to diversification, above, I was referring to diversifying within my retirement fund and also a certain amount of  Bitcoin offsetting of that risk with my own Bitcoin holdings and recent trading strategies within Bitcoin. 

Overall, I believe my distribution of various risks is good for me at this time in my life and my total situation including considering various costs involved with studying and potentially moving around assets and attempting to predict the direction of various markets with incomplete information.

Ahh ok, also 650 floor in less then 2 months, and climbing 100 to 300 per day

[flagpara]

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Explanation

I like it!

Every morning when I check the price is a bit lower! Might be the good moment to buy, not sure it will be able to break the 400 floor no?

[lottery248]

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Explanation

holy shit! the price of bitcoin is keep crashing!
did you get affected by the cryptsy? you could ge affected by cryptsy operator in various trading platforms, his sell could crash bitcoin!

[DaRude]

http://www.bloomberg.com/news/articles/2016-01-14/goldman-says-it-will-settle-u-s-mortgage-probe-for-5-1-billion

Do tell me how you feel that bitcoin is overvalued

[Elwar]

I had a rather large localbitcoins sale at $430 the day before it jumped up to $450. I was kinda bummed but now I can start moving money to the exchange.

[jackiedragon]

[hendra147]

ready to rock ?
i think we will see new buble and we will reach $450 agai at end of this week

[marcus_of_augustus]

Mike Hearn's exit mic drop

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.m7ipd85nk

That's no mic drop. A mic drop is a victorious action, taken only when your wordplay has been so devastatingly erudite that there is no possible way your opponent would embarrass himself by trying to follow it up.

Mike's blog post is what is known colloquially as 'throwing in the towel'.

"ragequit" in the modern urban net slang.

[AlexGR]

Mike Hearn's exit mic drop

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.m7ipd85nk

That's no mic drop. A mic drop is a victorious action, taken only when your wordplay has been so devastatingly erudite that there is no possible way your opponent would embarrass himself by trying to follow it up.

Mike's blog post is what is known colloquially as 'throwing in the towel'.

"ragequit" in the modern urban net slang.

That's the second time he ragequited after saying he had enough and will work for the banks

I guess the powers that be needed him to re-quit in order to use the article that he wrote and spread it now that the other markets are failing... "See bitcoin has failed too"...says an ex-bitcoin dev, type of narrative. Cheap tricks that work.

[Karartma1]

 

100% filled block and price on the downside, not a good morning for me at the moment.
I need some coffee to wake up and analyze WTF happened tonight

[Hunyadi]

Hearn's article certainly will have some negative impact to BTC price. Looks like people are hedging their positions with ETH. Or do they think it'll be bitcoins successor?  

[ChartBuddy]

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Explanation

[suda123]

Kek ,a person that personally soyashi nakamoto *sold all his coins* and we just had one of the biggest alt coin my gox A second time and the price of Bitcoin stays above 400. Even the new York time publishes Mike hearns blog

[xxxxxzzzzz]

*sigh* a theft of 0.086 % of bitcoins out there (perhaps a year and a half ago) definitely a valid reason for a 10 % drop in price , while bitcoin comes out victorious by default vs several hundred now officially dead alt-coins ... ridiculous