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

[ronald98]

You should come to Svalbard. It's the poor mans Antarctica.

It's definitely on the list. One day I hope to come across somewhere so desolate and depressing that I instantly drop dead from sheer despair. In the UK Port Glasgow does a nice job. I think some forgotten city in Siberia's going to do it.

There's a book called crap towns whose readers voted for the 50 crappest towns in the UK. Glasgow was voted joint fourth crappest with Edinburgh in 2004. If you want a crapper town than Glasgow try visiting Sunderland, Windsor, or Luton. The 2004 vote for the number one crappest town in the UK was Luton.

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

1. Luton
2. Windsor
3. Sunderland
4. Edinburgh (equal place with Glasgow)
4. Glasgow (equal place with Edinburgh)

There might be similar crap town votes held in other countries that could tell you the most desolate and depressing places to visit.

[dumbfbrankings]

http://www.coindesk.com/bitcoin-core-ethereum-hard-fork-unsettling-precedent/

why i am not surprised by peter todd's reaction.
now he's extra paranoid about HF...

personally i think they are viewing this in the wrong light. I find it encouraging to know that a crypto necessarily behaves EXACTLY as the marjoy want it to, and the fact that this very controversial and extreme version of a HF ( not one that simply changes protocol rules and leaves balances alone, but actually edits the blockchain! ) was not only smoothly deployed but also left the ETH markets unaffected, is proof of concept IMO.

Yeah, not a shocker.

The argument seems to be that if we HF to improve throughput... we go straight to transaction rollbacks and changing the emission schedule. Slippery slope argument writ large.

Their real fear is that people will find out that when it comes to Bitcoin's decision process... hashrate means more than the personalities in an IRC clique.

[JayJuanGee]

Buy opportunity or sell opportunity?

Thoughts?

Of course, today is a buy opportunity because, if you noticed, the price is going down.

The best practice is to buy BTC on the way down and to sell on the way up.

If you were going to sell some bitcoins, then you should have already done that.

So under the current price direction, the opportunity is here and that is to buy little bitcoins, and the only questions are how much to buy and at what price increments.

Yup, I'm leaning towards buy opportunity too.

Just gonna wait a while to make sure it doesn't continue downwards.

I think some huge gains are in sight the coming months.

How huge tho?

90% of my net worth is in bitcoin now hehe... I'm either retarded or a genius

Wow... 90% is a really high level.

There is no way to determine whether or not it is a good buy time because we haven't seen a lot of potential energy coming from the market, and there doesn't seem to be much enthusiasm with the traders right now, so it doesn't seem like buying today is a good idea. Maybe in a week or two I can see more of a buy scenario, but for now I would hold off and see where it goes.

There might be a breakout coming for Bitcoin soon, but we'll have to wait and see.

This is an o.k. strategy if you already have some bitcoin, but if you do not have any, then you better get off your ass and buy a little, otherwise you are too pie in the sky attempting to time the bottom which seems impossible to do.


Of course, maybe the odds are good for another downward adjustment, but there are also decent odds that the price is going to go up from here.

i personally think that the odds are a bit higher in favor of a small downward adjustment before going up, but I would not stake too much on such a bet.

So for example, if I had $5000 and zero bitcoins, I would probably invest at least $2500 of that into bitcoins at this point in the mid $650s, yet I understand people are going to have different risk points, timelines and different levels of other investments, too.

[savetherainforest]

Thank you price dumper. House sale money all converted finally after a month and a half voyage from check to bitcoins.

you sold your house and bought bitcoin with the money?

Yep, 230 bitcoins added to my stash.

I have a feeling that you will have more than 500million or 0.5$ billion from that amount in the near future! (5-10 years)





*Edit: If that works out well... can we merge some of our millions to create a few corporations in the weapons manufacturer industrial-complex... and also some entertainment industries to keep the sheeple busy with their stuff while we manage to come up with a plan to control them in the right direction?

[JayJuanGee]

Thank you price dumper. House sale money all converted finally after a month and a half voyage from check to bitcoins.

you sold your house and bought bitcoin with the money?

Yep, 230 bitcoins added to my stash.

I will say ballsy, too.... but, sure, that is your choice.

What's your average price per BTC, approximately?

Are you in the $400s or maybe $500s?  or some other average amount?

[ImI]

Thank you price dumper. House sale money all converted finally after a month and a half voyage from check to bitcoins.

you sold your house and bought bitcoin with the money?

Yep, 230 bitcoins added to my stash.

crazy, are those US prices? where i live houses start at 500k$

[savetherainforest]

Wow... 90% is a really high level.

Not really... I'm now 100% in bitcoin... And I always try to get more... there are days when I see a 50$-40$ spread... but now it is a sh!ty 8-10$ spread. Not even worth bothering with longs.

And I really don't see it going lower... at least from the Chinese side, they don't even seem to budge under 4400 if there is no dumb.f^ck dumper that just throws money out the window.

Thank you price dumper. House sale money all converted finally after a month and a half voyage from check to bitcoins.

you sold your house and bought bitcoin with the money?

Yep, 230 bitcoins added to my stash.

crazy, are those US prices? where i live houses start at 500k$

230BTC x 666$ = 153180$

With that money he can buy 5-6 houses, 10-20 apartments, or like 50 studio apartments... only in my country! (But not exactly in the Capital... there he can probably buy only 3 normal 2-3 room apartments .. or 1 villa with 5-6 rooms and he can remain with 50k$ for his personal pleasure)

[respawn2]

Thank you price dumper. House sale money all converted finally after a month and a half voyage from check to bitcoins.

you sold your house and bought bitcoin with the money?

Yep, 230 bitcoins added to my stash.

crazy, are those US prices? where i live houses start at 500k$

Depends on where in US. There are places where you can get a house for 50k, maybe less. Remember seeing some dilapidated mansion-looking place in Detroit for something ridiculous, like 5k.

Pirate gets off with a year and a half, makes BBC news http://www.bbc.com/news/technology-36865208
"A Texan man has been sentenced to 18 months in jail for running a fraudulent Ponzi-style scheme based around the Bitcoin virtual currency."

[European Central Bank]

crazy, are those US prices? where i live houses start at 500k$

you can get yourself a nice house for a hundred bucks in detroit. only problem is the several thousand in back taxes you gotta pay up. the us had a proper housing crash. most other places haven't in recent years.

[rjclarke2000]

That's crazy what you can get where you are.

I bought my small 2 bed bungalow in a nice area here in the south of the U.K. for £232,000 4 years ago. Roughly £270,000 now. It's nice but nothing special..........yet. (Building work being done as we speak)


I would not be brave enough to sell and put it all in to Bitcoin. Even though I love it I still believe it's not a guaranteed success.

But, no one got rich by playing it safe so good on you! I have invested as much as I possibly can in to Bitcoin without affecting my family if it all goes wrong. I'd still be severely depressed losing it all if this happened but we could still continue with our lives no problem.

[Spaceman_Spiff]

will we revisit 5xx in the coming months?  I am starting to think so.

[JayJuanGee]

I would not be brave enough to sell and put it all in to Bitcoin. Even though I love it I still believe it's not a guaranteed success.

But, no one got rich by playing it safe so good on you! I have invested as much as I possibly can in to Bitcoin without affecting my family if it all goes wrong. I'd still be severely depressed losing it all if this happened but we could still continue with our lives no problem.

I think that I am in a similar position as you in terms of my bitcoin investment.. it's kind of like a "as much as I possibly can" without leveraging anything, without removing funds from some of my other traditional investments and without using any of the money that I need for my daily/monthly living.  It will be really good for the future if prices go up, and I could still manage if bitcoin were to go to $0 - but it would be a bit depressing to see such a result because if bitcoin continued to go down for no reason, I may end up buying quite a bit more into it, rather than cashing out, while it goes to $0...

Anyhow, bitcoin seems in a real decent position right now, and the odds of going up seem pretty great and the odds of going down seem increasingly lower... In that regard, if bitcoin were going to zero, it seems that either we would need to suffer some surprise catastrophic event (which may allow some ability to cash out before some others) or a lot of efforts and a lot of coins to dump to break a lot of the lower resistance points ($600, $550, $500, $400, $300, $200, etc..)

Anyhow, we can stack our bets in both directions, and betting on long term up seems to have a lot of decent potential.. I mean we can lose 100% of our bitcoin investment or possibly receive 100x or even more of what we had put into bitcoin.. 

BTC still continues to seems like a very decent investment accounting for a lot of the payoff potentials  and considering the various risk reward scenarios.

[respawn2]

will we revisit 5xx in the coming months?  I am starting to think so.

Is it coiling like a cobra now, getting ready to strike? Because I calculated the marginal supply reduction delta_{[n1, ... n++]} ratio, backtraced it into fractal regression with a harmonic form-fitting Bollinger Bend, and all the numbers seem super bullish.

[adamstgBit]

that 649 target set on bitmovements was a pretty fucking good call, if i do say so myself.
but i may set it back to 599 next update.

the next 24 hours are critical... Elwar do you have another house to sell??

[Coinnosaurus]

i'm buying this....

too early .. the fun has just begun.

[ImI]

rekt

[Karpeles]

Why so much talk about a price collapse?

Price is in the same level than last time I checked, above 650. Hopefully will get back to 666 next week

[respawn2]

What's going on?

It's called a 2.5% profit opportunity.

Buy there, sell at 665.99

Told you to wait, but nooo... You knew better.

[BlindMayorBitcorn]

Why so much talk about a price collapse?

Price is in the same level than last time I checked, above 650. Hopefully will get back to 666 next week

You mean, everything's fine?

[ImI]

Why so much talk about a price collapse?

Price is in the same level than last time I checked, above 650. Hopefully will get back to 666 next week

650 is history mate