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

[TReano]

Bitcoin Block Reward Halving Countdown:
Only 35 more days!

I don't think it will matter much... If anything it well be sell the "news" .. If you can call it news at all since everybody knows about it for years.

[r0ach]

Bitcoin Block Reward Halving Countdown:
Only 35 more days!

I don't think it will matter much... If anything it well be sell the "news" .. If you can call it news at all since everybody knows about it for years.

The halving isn't a "news" you fools, it's a fundamental that changes cost of production.

[Assmaster2000]

The halving isn't a "news" you fools

The cost of production has no effect on the ever-increasing supply, you fools!

[DaRude]

Bitcoin Block Reward Halving Countdown:
Only 35 more days!

I don't think it will matter much... If anything it well be sell the "news" .. If you can call it news at all since everybody knows about it for years.

It should generate a lot of buzz and coverage, on the other hand finex's longs are at $32.5MM (although how much of that is in etherpoop is unknown?) while shorts are pretty modest. Think we should see some swings next 2-3months on speculation and then true effects should be start settle in after that.

Lambie can you post that Wile E Coyote gif and add $580 to it? We need a target

[Assmaster2000]

It should generate a lot of buzz and coverage

~teletype noises~
Reuters New Your; Reuters London; Reuters Tokyo:

Long-anticipated Bitcoin block reward halvening actually happens. Amazeballs!

Also in the news: Crowds around the world shit themselves as the sun rises, right on time, in the morning.

> can you post that Wile E Coyote gif and add $580 to it
No prob. Tomorrow (not that you'll see it, because you buy & forget about bitcoin for 6 months, amirite?)

[BlindMayorBitcorn]

What price were we at when all that mysterious geezer porn started to appear? Everybody else remember that guys face?

[nioc]

BMB, no.

In other news;

8:23 AM
Monday, June 6, 2016 (GMT+8)
Time in Shanghai, China

[gentlemand]

What price were we at when all that mysterious geezer porn started to appear? Everybody else remember that guys face?

Yes. Because it is MY FACE. Multiple parts of me swell with pride knowing that the readers here have enjoyed my presence.

[Versatile13]

Nobody knows what will happen with the halving so let's stop speculations, up or down I'll HODL both way.

[nioc]

Nobody knows what will happen with the halving so let's stop speculations, up or down I'll HODL both way.

Really?


Bitcoin Forum > Economy > Economics > Speculation

[ImI]

Nobody knows what will happen with the halving so let's stop speculations, up or down I'll HODL both way.

Really?


Bitcoin Forum > Economy > Economics > Speculation

 

[BlindMayorBitcorn]

During these last decades, interest in professional fasting geezer porn speculation boards has markedly diminished. It used to pay very well to stage such speculations, out in the open air. But this is no longer the case. We live in a different world now.

[nioc]

All life is change.

[BlindMayorBitcorn]

I have no problem with gambling ...

 

All life is change.

[savetherainforest]

it's not even about stealing, it's about trading itself being risky.

you never know for sure if the price goes up or down, and if you predict wrong, you lose money. And with such small swings, it is too much risk and not worth your time or the risk.

Risking $500 to make $2 is a stupid idea.

Even if you bet right 200 times, if you bet wrong just once you lose all your profit.

It's just not worth it.

I have no problem with gambling ... as long as it is calculated. You know what I was doing before trading Bitcoin? ... Nope ... I tell you!
I had a statistical algorithm that I reverse engineered to try to predict lottery numbers from different automatic computer generated lotteries. You do math, and you win!
But there where unnecessary cost sometimes where I couldn't follow my projections cause I had too many tickets rolling in the same time... I took time to do the math.. keep count of things... the actual physical time consuming trip to the lottery even if it was 50 meters away from me! I manage to spend less than 30 minutes per week with that and it still felt annoying! Even if was winning 100% after a period with a margin of profit between 50% < - > 1200% ... it was stressful.

But if you have done the math.. on the market share numbers, there should be less than 1> Bitcoins per person on the planet... meaning that soon people will have a buy-in paying literally for "peanuts" ... 0.05 Satoshi will be like in half a year the new Bitcoinlandia minimum monthly wage for many people!

[Assmaster2000]

I have no problem with gambling ... as long as it is calculated.

You know what I was doing before trading Bitcoin? ... Nope ... I tell you!
I had a statistical algorithm that I reverse engineered to try to predict lottery numbers from different automatic computer generated lotteries. You do math, and you win!

Assumed it was something like that.

[savetherainforest]

I assumed it was something like that.

Enjoying profits created from the panic of people gives me great pleasure!

[Assmaster2000]

I assumed it was something like that.

Enjoying profits created from the panic of people gives me great pleasure!

Doesn't even need to be said. Most bitcoin enthusiasts are sociopaths.

[JayJuanGee]

The market is behaving funny. It's as if someone is trying to corner in  

O.k.  I will bite.  What is "corner in"?

Is that another way of saying manipulation?   Or is that a way of saying inability to get passed resistance?

We already realize that sometimes consolidation involves an attempt at a kind of holding pattern until such point that it cannot be held in the consolidation range.  That's no kind of new phenomenon.

https://en.wikipedia.org/wiki/Cornering_the_market

Someone is digging their feet in? Playing both sides of the market to keep the price in a certain range?

O.k. thanks for that explanation..

Hey DaRude.  What's an overview of your personal bitcoin related story?    Did you start buying bitcoins around the time of your registration in March 2013?  What kind of view did you hold?  Did your thinking evolve over the past few years?  Did you own any bitcoin's during either or both of the 2013 price surges?

No, started buying before that sometime in 2012. Hodled and accumulated since then through all the bubbles, gox, BTC26k bearwhale etc... Was inspired by user Loaded As far as view, kind of surprised that the price is where it's at now. I do see it as a binary outcome, it clearly hasn't reached its critical mass, but yet not gone under even with BTC3600 daily supply. Almost lost faith when adoption slowed down and we were trading in $240 range, but hodled through it and now think outlook looks as bright as ever, and gets brighter every day. Buy some BTC and forget about it for 6months, market is way too thin and easily moved to pretend you can trade the patterns

Oh... thanks for providing that.  It is nice to hear real individual perspectives from time to time.  Of course, we do not need to agree or even share the same view, exactly, but there still may be some aspects of our history that we have in common.

Regarding your last point about trading... especially, if we may experience some kind of exponential growth period or two, I believe that there are ways to structure such trading, and really investors should consider approaches beyond the buy and HODL approach.

Certainly, I am not going to advise anyone or to suggest that anyone attempt to do anything that is outside of his/her comfort zone.


Even though I don't agree with the extensively mathematical approach of Rptiela, nonetheless, I think that he provides a good start for conceptualizing going beyond a buy and HODL approach.

https://bitcointalk.org/index.php?topic=345065.0

More or less the concept is that from time to time investors in BTC need to have a plan for taking some profits off the table from time to time.

In the end, probably, you are correct with a suggestion that either reinvesting or any kind of trading has too many screw up potentials, and so just removing some profits, from time to time, could be an intermediate compromise approach, for some folks.
 

[zimmah]

it's not even about stealing, it's about trading itself being risky.

you never know for sure if the price goes up or down, and if you predict wrong, you lose money. And with such small swings, it is too much risk and not worth your time or the risk.

Risking $500 to make $2 is a stupid idea.

Even if you bet right 200 times, if you bet wrong just once you lose all your profit.

It's just not worth it.

I have no problem with gambling ... as long as it is calculated. You know what I was doing before trading Bitcoin? ... Nope ... I tell you!
I had a statistical algorithm that I reverse engineered to try to predict lottery numbers from different automatic computer generated lotteries. You do math, and you win!
But there where unnecessary cost sometimes where I couldn't follow my projections cause I had too many tickets rolling in the same time... I took time to do the math.. keep count of things... the actual physical time consuming trip to the lottery even if it was 50 meters away from me! I manage to spend less than 30 minutes per week with that and it still felt annoying! Even if was winning 100% after a period with a margin of profit between 50% < - > 1200% ... it was stressful.

But if you have done the math.. on the market share numbers, there should be less than 1> Bitcoins per person on the planet... meaning that soon people will have a buy-in paying literally for "peanuts" ... 0.05 Satoshi will be like in half a year the new Bitcoinlandia minimum monthly wage for many people!

I know that, and I'm holding too, if you ever read any of my posts you'd know i'm probably one of the biggest permabulls around.

But that doesn't mean I like to risk my bitcoin by trading them.

Especially not when the spread is so small that you can barely make 1% of profit, if you guess right.