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

[spooderman]

holy shit we almost there boys.

could this finally be the gentleman we've been waiting for since 2013?

[Torque]

My roommates name is on all the utility bills right now so that's the main reason I bought on coinbase. I figured I'll just hold my coins until I can live like a king in some futuristic sci-fi movie future.

Are you a youngin'? Why itching so badly to sell your investment?

A long investor must go long, meaning years. Warren Buffett has suggested to hold an investment for at least 10 years to see any real return. Can you do that?

I've bought and held my bitcoin for 3.5 years now, and have never sold any in that timeframe. Will keep holding all for at least another 5 years before starting to spend any, and will carry much to my grave and pass to my children. Will continue to buy occasionally when I have extra money.

[JimboToronto]

My roommates name is on all the utility bills right now so that's the main reason I bought on coinbase. I figured I'll just hold my coins until I can live like a king in some futuristic sci-fi movie future.

Are you a youngin'? Why itching so badly to sell your investment?

A long investor must go long, meaning years. Warren Buffett has suggested to hold an investment for at least 10 years to see any real return. Can you do that?

I've bought and held my bitcoin for 3.5 years now, and have never sold any in that timeframe. Will keep holding all for at least another 5 years before starting to spend any, and will carry much to my grave and pass to my children. Will continue to buy occasionally when I have extra money.

I think perhaps you misunderstood what brokedummy posted.

He said that he'd just hold his coins until he can live like a king, implying that he would wait to spend them rather than sell them.

He may be a youngun (judging by the fact he has a roommate) but he seems to have a mature attitude regarding his investment, rather than acting like a typical impatient, childish trader.

[Ted E. Bare]

The West can hardly keep up with China. 800+ ...

[tabnloz]

My roommates name is on all the utility bills right now so that's the main reason I bought on coinbase. I figured I'll just hold my coins until I can live like a king in some futuristic sci-fi movie future.

The Caribbean, Turks & Caicos, Bahamas and several other countries have zero taxes on income and capital gains.

If one were to start a business there funded by bitcoins then get paid a salary, if you live overseas, you can take in a salary of $100,000 per year tax free. You can also deduct any housing allowance your company pays you. You can drive the company car, ride in the company boat, etc. You just have to live outside the US 330 days out of the year.

Or you just renounce your US citizenship and live in one of those countries and stop worrying about taxes altogether.

Always good to do some research just incase we go 10x or better. Doesn't hurt to know your options.

[bitebits]

Is that you Jimbo?

The guy does not seem to be as impressed as you are with the BTC ATM's in Toronto.
Is there an ATM you can recommend (no KYC crap and reasonable fees)?

Exploring Bitcoin ATMs in Toronto

[zoose]

Cool. Just got home to see $793USD.

Hopefully this is the start of a fine weekend.

Looks like it will be at or over 800 by Christmas or sooner

[Searing]

Cool. Just got home to see $793USD.

Hopefully this is the start of a fine weekend.

Looks like it will be at or over 800 by Christmas or sooner

toot,toot

[Spaceman_Spiff]

looking good... 

[brokedummy]

My roommates name is on all the utility bills right now so that's the main reason I bought on coinbase. I figured I'll just hold my coins until I can live like a king in some futuristic sci-fi movie future.

Are you a youngin'? Why itching so badly to sell your investment?

A long investor must go long, meaning years. Warren Buffett has suggested to hold an investment for at least 10 years to see any real return. Can you do that?

I've bought and held my bitcoin for 3.5 years now, and have never sold any in that timeframe. Will keep holding all for at least another 5 years before starting to spend any, and will carry much to my grave and pass to my children. Will continue to buy occasionally when I have extra money.

I'm not itching to sell actually. I bought a day before china banned bitcoin the first time in december 2013, sold when it went back up and then bought back in on the way down again. Traded and mined alts during the years in between almost got rich a couple of times but kept selling to soon or holding too long. Despite a few big mistakes (lost a few btc on CGA and lost 3 to Cryptsy when they closed) I'm very much in the black right now. I have more btc than I ever purchased outright and the price is higher than what I paid. I think I do remember buying my first amount of btc for 1500 on ebay just to have some when it seemed like it would go up forever but that was only 100 millis.

[marcus_of_augustus]

psychology of $800 and halving kicking in was irresistible, $780 was a done deal, $800 and then who knows what .... $888 seems attractive to begin with

[rjclarke2000]

Nice price today.

Had a Christmas work party last night so this price is easing my sore head this morning.

Can we get over 800 and stay there? That's the question.

[starmman]

Cool. Just got home to see $793USD.

Hopefully this is the start of a fine weekend.

Looks like it will be at or over 800 by Christmas or sooner

toot,toot

The price is looking great today, managed to accumulate a good amount of BTC this week when some of my Alt sell orders were hit - I've siphoned off a nice amount into my cold storage to hold for a while =)

[Karartma1]

Cool. Just got home to see $793USD.

Hopefully this is the start of a fine weekend.

Looks like it will be at or over 800 by Christmas or sooner

toot,toot

How do you like the following one? That's one of my favorite
https://www.youtube.com/watch?v=0S43IwBF0uM

So I am reading you lucky Cananadians have Bitcoin ATMs with fees as low as 1%: really? Lucky you!!!

[tabnloz]

we've got such good momentum at the minute, imagine the "peace rally" we would have should segwit be activated & the two sides nut out a compromise.

[Denker]

Hope to see another attempt to break the 800 on finex and stamp.
This is the first weekend where I really have the feeling we could go for that range.

On the other hand a drop back to 780 or below that for a few days before really trying to breakthrough the 800 level is possible as well.

[Hyperjacked]

Buying more today...

Cheers bitcoinland 

[JimboToronto]

Good morning Bitcoinland.

Still holding on to most of last night's little rise... $792USD at Bitcoinaverage.

Hopefully we'll keep trying to break $800 or should I say 5600CNY?

Is that you Jimbo?

The guy does not seem to be as impressed as you are with the BTC ATM's in Toronto.
Is there an ATM you can recommend (no KYC crap and reasonable fees)?

Exploring Bitcoin ATMs in Toronto

I can personally vouch for Toronto Gold on Bloor Street at Shaw. They are 100% anonymous and currently charge 5% on Bitcoin purchases. Unfortunately their Lamassu ATM doesn't accept sells. It also doesn't print, so bring your own paper wallet or mobile wallet app. Apparently the dude who runs the place will buy your coins for cash but I haven't looked into that, since I'm a buy-and-hold kind of guy.

If you want the lowest fees, Deloitte at Yonge and Adelaide only charges 1% on buys and sells, but you need identification and there's a daily limit of $100. That's great if you're a little short on cash and need a quick c-note.

Rates are always changing. The ATM at Metro Pharmacy near Skydome allows buys of up to $10k per day but they just raised their rates from 3.75% last week all the way up to 6.4%.

Hairy Tarantula Comics at Yonge and Elm looks promising... up to $3k per day at 3-5% while offering "deals on bulk transactions over 3k" but I haven't tried them yet, so I don't know if identification is required or not.

Unfortunately most of the 24 hour ATMs at places like Hasty Mart  are ridiculously expensive, often charging double digit fees.

Here's a great site to check out for yourself on what's available.

https://coinatmradar.com/city/165/bitcoin-atm-toronto/

[bitebits]

^ Thanks for the extensive reply, going to give some a try!

[JimboToronto]

^ Thanks for the extensive reply, going to give some a try!

No problem.

You might want to recheck my post. I was editing awhile you were replying.