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

[r0ach]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin.

This is the type of stuff you read right before a blow off top involving collapse of financial institutions.

[edgar]

888.000

[doc12]

Correction to 830 ?

[Chevas Regal]

Correction to 830 ?

from where you guys are matching the rates, i find it 878$ on preev , even on tradingview the rates are similar??

[aamarket]

I like this site https://cryptowat.ch/ it seems quite filled with info. For exchange - this new one seems nice : https://lykke.com/exchange.php

[practicaldreamer]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

BTC is still high risk - divert funds accordingly.

The disadvantage of investing pension money (Self Invested Personal Pension) in an ETF, for eg., is that it puts the funds on the Govt. radar.
Whats wrong with putting funds into a cold wallet ?
Or is this what you were meaning ?

[Ibian]

Xmas correction to 860$ and then rocket goes to moon?

Maybe, maybe not!
But it's good we see some correction after the last few crazy days.
Overheating never had been good as we know from the last years.
The whole year we've seen nice and healthy growth.
I would like to continue it that way!Less scary for people who be interested to get into for their first time!

Yeah, more suckers to fleece on the next epic dump.

[Heutenamos]

I like this site https://cryptowat.ch/ it seems quite filled with info. For exchange - this new one seems nice : https://lykke.com/exchange.php

spammer

[lightfoot]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

BTC is still high risk - divert funds accordingly.

The disadvantage of investing pension money (Self Invested Personal Pension) in an ETF, for eg., is that it puts the funds on the Govt. radar.
Whats wrong with putting funds into a cold wallet ?
Or is this what you were meaning ?

That is the big problem: For a retirement account to accumulate tax free it typically has to be specific funds at a brokerage. And the magic, GOD STRAIGHT truth applies in that case:

If you don't own the keys to your bitcoins
YOU DO NOT OWN BITCOINS!

Likewise there's nothing preventing a future govt from screwing you if they own the keys (this not happen? Hell, in the Phillipines you now have authorized death squads. Things can get weird). Likewise moving the money out of the current 401k/IRA's would hit me with a 30%-40% penalty.

Things can get really weird when weird people get into power and the people want weirdmageddon.

C

[zoinky]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

[Fakhoury]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

You mean $1,000 will be broke before the new year ?

[klondike_bar]

i see it bouncing between $880-925 for a few days, before blowing past the $1000 mark to burn all the shorters hard again

falling under $850  could put the rally on hold for a few months of slow growth again

[klondike_bar]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

You mean $1,000 will be broke before the new year ?

i think $1000 will come within 24hrs of it crossing $940. but its hard to predict how long it takes to move past the current 880-920 range. maybe 3-4 days, maybe we sit here for a week or two

[Fakhoury]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

You mean $1,000 will be broke before the new year ?

i think $1000 will come within 24hrs of it crossing $940. but its hard to predict how long it takes to move past the current 880-920 range. maybe 3-4 days, maybe we sit here for a week or two

Let the bulls take their breathe, but I really would like to see $1,000 broken before the new year, we still have one week to go.

[Lionidas]

Correction to 830 ?

from where you guys are matching the rates, i find it 878$ on preev , even on tradingview the rates are similar??

It has been all over the board. Even on preev.com
Have been watching it jump from $890 all the way down to $876 in just a half an hours time.
So it has not settled down yet.
Just have to wait until the cat stops jumping on it's new ball of yarn and just decides to give it a rest a bit.

[BitcoinNewsMagazine]

Happy Holidays! I would prefer to see price action take a break and hover around $900 for a week or two then a new ATH in the New Year. I hope we could have steady increase and avoid the parabola, but I expect that will be the case, a sharp spike up then a crash once again.

[klondike_bar]

Dips being aggressively accumulated. Have a feeling the weekly wants to close under 920, so that's a hard trailing stop for anyone doing one of those greedy scalps. I highly doubt next week's lower wick will be in this week's candle much, so buy any dip and get ready to break $1000.

You mean $1,000 will be broke before the new year ?

i think $1000 will come within 24hrs of it crossing $940. but its hard to predict how long it takes to move past the current 880-920 range. maybe 3-4 days, maybe we sit here for a week or two

Let the bulls take their breathe, but I really would like to see $1,000 broken before the new year, we still have one week to go.

i want to say that the realistic next step is a 50% retrace, to ~$820, followed by months of consolidation.  But, i think crossing $900 was too significant a milestone, and likely the start of a 2013-esque bullrun that could go up into the $1400-2200 range within a month or two

Ive learned to just keep clear of leveraged trading though, and am hodling the majority of my coins for a longer duration

[JimboToronto]

Good morning Bitcoinland.

It seems that our frantic bull run has been slowed by resistance at $900 and we're still consolidating... presently $898 at Bitcoinaverage.

What will Santa Claus bring us? A nice gift or a lump of coal?

[gembitz]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

^sells farm,hogs,wife....buys BTCitcoin!     ~moonshipzzz inkoming//^

[JimboToronto]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin. Would be a good investment, especially with the recent currency manipulation being done by govts.

Your retirement funds are in fiat?

The very first coins I bought for $68 back in early 2013 were bought specifically as a retirement fund, or rather as a nest egg for my old age as I was already mostly retired. I was 64 years old at the time and had no real retirement funds per se.

This is why I accumulate and spend only when absolutely necessary.

Keeping your retirement funds in ever-devaluing fiat is silly. Overall, Bitcoin has increased in spending power while the value of fiat has dwindled.