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

[savetherainforest]

...I see more value in breathable air, wood, water, organic consumables and processing power.. But rocks, metals and precious metals are somewhere at the end of the list for me. ...

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, friends will get you through times of no money better than money will get you through times of no friends.

When the shit hits the fan, which would you rather have? $100k in fiat currency, 100 cases of Uzis and ammo, 100 skids of canned food and 100 barrels of drinking water, or 100 friends with whom you could trust you life? I'll take the friends any day.

I understand you were making a case for clean natural organic commodities versus corporate manufactured crap, but I'm saying that human resources trump outdo them all.

(It's a sorry commentary that I feel reluctant to use an expressive English verb because of some xenophobic bigoted reality TV personality. I try to keep my nose out of foreign politics but I'll say this: If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.)

Human resources are far more important than natural resources.

Humans are primitive creatures.

I'l take the : "100 skids of canned food and 100 barrels of drinking water" ... any day, all the time, repeating the same mistake endlessly like a mad man! ...


And me having 100 real friends, its like claiming I'm one of the few hidden trillionairs on the planet.

[jofus]

...I see more value in breathable air, wood, water, organic consumables and processing power.. But rocks, metals and precious metals are somewhere at the end of the list for me. ...

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, friends will get you through times of no money better than money will get you through times of no friends.

When the shit hits the fan, which would you rather have? $100k in fiat currency, 100 cases of Uzis and ammo, 100 skids of canned food and 100 barrels of drinking water, 100 kilos of Shirak-i-Mazar, or 100 friends with whom you could trust you life? I'll take the friends any day.

I understand you were making a case for clean natural organic commodities versus corporate manufactured crap, but I'm saying that human resources trump outdo them all.

(It's a sorry commentary that I feel reluctant to use an expressive English verb because of some xenophobic bigoted reality TV personality. I try to keep my nose out of foreign politics but I'll say this: If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.)

Human resources are far more important than natural resources.

I hear you Jimbo.  People are creative, innovative, adaptive and when we work together the impossible can become reality. 

I understand peoples negative view of peoples though too.  The thing is that the destructiveness, selfishness, shortsightedness that we are exhibiting right now isn't our nature like some people think.  We humans don't have a specific nature.  We are born blank slates and programmed from birth.  The system as is stands right now is not very conducive to programming any other than selfish, egotistical, consumer, slaves at the moment.  The other beautiful thing about humans is we have the power to change our own programming once we are awakened to this fact.  I'm not going to say that its easy though...

[Holliday]

with whom you could trust your life?

Well... that's the trick right there. I can count the people I could *possibly* trust with my life on one hand and most of those are family, not friends. Unfortunately, most people disappoint when it really matters.

If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.

You can't have open borders along with a massive welfare state. Get rid of the latter and I'm all for the former.

[BlindMayorBitcorn]

Money draining into the alt market. I hate when this happens. 

[Chef Ramsay]

You can't have open borders along with a massive welfare state. Get rid of the latter and I'm all for the former.

Word! If you come here from wherever, prepare to be productive and take care of your own. Or, visit and gtfo.

[gembitz]

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, (weed) will get you through times of no money better than money will get you through times of no (weed).

 

*edit

[savetherainforest]

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, (weed) will get you through times of no money better than money will get you through times of no (weed).

 

*edit

LuL'z!




Touche! ... You spoke like a true Abe Lincoln impersonator giving a speech in front of thousands of hemp & weed farmers in the 18-hundreds! (Laughing in Portuguese: HueHueHueHueHue ) 

[gembitz]

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, (weed) will get you through times of no money better than money will get you through times of no (weed).

 

*edit

LuL'z!




Touche! ... You spoke like a true Abe Lincoln impersonator giving a speech in front of thousands of hemp & weed farmers in the 18-hundreds! (Laughing in Portuguese: HueHueHueHueHue ) 

 


~love u too

[criptix]

Is the bottom in or can i still sell? 

[unknown04]

Is the bottom in or can i still sell? 

I dont think any of us will know.... however according to previous stats, it may drop and increase 3 times then only bull.... I'm not selling because Im not taking the risks.

[JayJuanGee]

Is the bottom in or can i still sell? 

You can sell any time that you like.  It depends upon how apportioned you are.  If you are 100% BTC, then maybe you should sell a bit.  If you are only 1% BTC, then maybe it is a decent time to buy some, and figure out a longer term plan rather than asking on the interwebs about what to do about your personal bitcoin allocation situation.

[criptix]

Is the bottom in or can i still sell? 

You can sell any time that you like.  It depends upon how apportioned you are.  If you are 100% BTC, then maybe you should sell a bit.  If you are only 1% BTC, then maybe it is a decent time to buy some, and figure out a longer term plan rather than asking on the interwebs about what to do about your personal bitcoin allocation situation.

I have 30 btc to play with and some more in cold storage which i wont touch for a long time.
I dont plan to invest more, but rather want to increase my stash with trading. So far this year was quite good with me (us). 

[JayJuanGee]

Is the bottom in or can i still sell? 

You can sell any time that you like.  It depends upon how apportioned you are.  If you are 100% BTC, then maybe you should sell a bit.  If you are only 1% BTC, then maybe it is a decent time to buy some, and figure out a longer term plan rather than asking on the interwebs about what to do about your personal bitcoin allocation situation.

I have 30 btc to play with and some more in cold storage which i wont touch for a long time.
I dont plan to invest more, but rather want to increase my stash with trading. So far this year was quite good with me (us). 

Overall, this year was good for going long, but yeah, you can short or sell and buy back at any time.

I just personally don't think that it is a good strategy to sell on the way down, unless you are pretty confident about the continued downward direction.

Accordingly, I personally employ a strategy to sell on the way up and to buy on the way down, unless I have a pretty high level of confidence that the price is going to continue to go in one direction or another, then I may tweak my strategy a little bit in order to take advantage of that anticipated movement.

So, yeah, each of us employs a bit of a different strategy that is likely tailored to our own risk profile, overall finances and views. 

For example, I have been selling BTC on the way up, since about $250, and around $400 or so, I tweaked my BTC trading strategy in such a way that I tend to attempt to keep a certain percentage in BTC and a certain percentage in fiat. 

Currently, I am little bit under 92% bitcoin and 8% fiat.  If the BTC price goes shooting down, let's say $200, I will probably get into about the 94% or 95% bitcoin territory, but if I think that we have kind of bottomed out on our downward test of support, I may employ a bit more fiat and get into a 96% bitcoin territory (I don't want to run out of trading fiat), on the other hand, if BTC prices goes shooting up, let's say to $200, I may get into about 90.5% bitcoin territory, depending on how quickly it goes up... 

From time to time, I will tweak my holdings in such a way to try to push them a little more in one direction or another but my percentages do not really change too radically, and if I were to sell 1 or 2% of my BTC holdings at any one time, that would be a pretty big deal for me (more than I usually do at any one time because I tend to play in smaller increments and I don't really gamble too much with my overall holdings.  I just attempt to protect my BTC holdings somewhat through what buying and selling that I do from some of the sometimes extremes of bitcoin's volatility).   

[Spaceman_Spiff]

Not sure what will happen here.  
A decent-sized correction could be in the books.
On the other hand, a quick runup to 1060-1100 after some stalling at this price level wouldn't surprise me either.

I closed my leverage positions, we'll see which way the dice fall.  

Longer-term I am still bullish.

[Hunyadi]

only thing making me uncomfortable is how thin the bids are on finex. that is thin af!

Yes, what the f**k is this?


They do this before settlement?

[Elwar]

with whom you could trust your life?

Well... that's the trick right there. I can count the people I could *possibly* trust with my life on one hand and most of those are family, not friends. Unfortunately, most people disappoint when it really matters.

If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.

You can't have open borders along with a massive welfare state. Get rid of the latter and I'm all for the former.

I am in favor of only taxing foreigners.

“From whom do the kings of the earth collect customs and taxes: from their own sons, or from others?” “From others,” Peter answered. “Then the sons are exempt,” Jesus declared.…

[CyberCombat]

Is the bottom in or can i still sell?  

You can sell any time that you like.  It depends upon how apportioned you are.  If you are 100% BTC, then maybe you should sell a bit.  If you are only 1% BTC, then maybe it is a decent time to buy some, and figure out a longer term plan rather than asking on the interwebs about what to do about your personal bitcoin allocation situation.

I have 30 btc to play with and some more in cold storage which i wont touch for a long time.
I dont plan to invest more, but rather want to increase my stash with trading. So far this year was quite good with me (us).  

.......

Resistance to me, 2017 breaks in the process we are entering in a few months if I stay above $ 1000 will fall again afterwards. Even the Chinese stock exchanges are rolling in turbulence at this moment, and I hope that this dump will continue to rise in the near future.

[BlindMayorBitcorn]

And there goes my downpayment. Thanks Obama

[K~Ehleyr]

So what's happening now??  Is this a healthy consolidating correction before the next upward surge or has the bubble just burst??

[snipie]

So what's happening now??  Is this a healthy consolidating correction before the next upward surge or has the bubble just burst??

There is always a bubble behind the exploding bubble 

And the new bubble will grow up and will be bigger than the previous one and will stay longer
Imo it is consolidating right now and it is early to say that it's just a bubble effect