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

[European Central Bank]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

[Iranus]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

I would say mention it once or twice.  If they're interested, let them find out more themselves, otherwise they'll blame you if they screw it up.  If they're not interested, leave it alone or you'll end up getting pissed off by their cocky attitude whenever there's a slight dip in price and their pedantic criticisms.

[monsanto]

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

they're just trying to figure out how to pay off the ransomware 

[Chainsaw]

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

It's happening.  

Same. They never buy until the rallies start. The majority of people need empirical evidence - logic, reason, probabilities, or risk/reward scenarios do not suffice.

The intensity and strength of the bull market to date has me favoring a multi-month+ bull scenario from here.
somethingsomething next few weeks are critical ;-)

[becoin]

This train can't be stopped.

[Torque]

Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.

Is she married to Krugman or Williams? Lol

I have no idea where this bull run is going, or when it will peter out.

But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't.  I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction.

So do the math? And follow the smart money?  

Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?"

He replied, "I skate to where the puck is going to be, not to where it has been."

 

[BTCtrader71]

Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.

Is she married to Krugman or Williams? Lol

Haha nope. Husband is also an economist, but she's the Krugman of the fam, which I'm pretty sure she'd take as a compliment lol

I have no idea where this bull run is going, or when it will peter out.

But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't.  I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction.

So do the math? And follow the smart money? 

Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?"

He replied, "I skate to where the puck is going to be, not to where it has been."

 

Agree with everything you say. (I wouldn't be surprised if what you say about the world markets comes true, although I can't say I have any particular insight, or know whose opinion to trust on that matter ... )

[grenkatost]

Bitcoin is sold twice as much as bought on gdax, over the last 9 days (buy 43K — sell 80K).
What do you think? This is normal?

https://cointradeanalysis.ovh/dashboard/db/exchanges-overview?refresh=15m&panelId=14&fullscreen&orgId=2&var-currency=btc_usd&var-exchange=gdax&from=now-9d&to=now

[BTCtrader71]

Bitcoin is sold twice as much as bought on gdax, over the last 9 days (buy 43K — sell 80K).
What do you think? This is normal?

https://cointradeanalysis.ovh/dashboard/db/exchanges-overview?refresh=15m&panelId=14&fullscreen&orgId=2&var-currency=btc_usd&var-exchange=gdax&from=now-9d&to=now

It means the sellers are paying way more in trading fees than the buyers. SUCKERS!!!!  lol

[Ibian]

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

It's happening.  

Same. They never buy until the rallies start. The majority of people need empirical evidence - logic, reason, probabilities, or risk/reward scenarios do not suffice.

The intensity and strength of the bull market to date has me favoring a multi-month+ bull scenario from here.
somethingsomething next few weeks are critical ;-)

It's the opposite. Most people are emotional creatures. Tell them about supply and demand, explain with math how unlikely it is for anyone to ever hack their wallets and it won't matter if we are in a two year slump. Bitcoin is obviously dead.

But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.

[Torque]

But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.

I think it's actually worse than that. The Average Joe that discovers Bitcoin (while it's rising, of course) and suddenly "wants in" has no clue what it even is, or why it is important in the long term. They just want to see it rise, and smugly pat themselves on the back because they are "making money" in the short term.

In fact, they don't have any inkling that their fiat currency's purchase power has been dropping drastically over the last 20 years, and that their measly savings account is going nowhere fast. They have been oblivious to that, and don't really see it as a problem until it's too late.

Maybe I'm being a little harsh here, as people all come around to discovering Bitcoin in different ways.  But I keep reading comments of people saying things like "I'm getting back into the game of Bitcoin", or "I'm new to the game."

Bitcoin is NOT a fkn game, to be played short term. And they will lose badly if they treat it as such. These are the idiots that always panic sell at the bottom.

[quarternions]

First post here, been lurking around bitcoins for the past few years and never did anything with it sadly. Did a SEPA transfer this Friday but a tad to late (so it won't come into my account till tomorrow, stupid banks) and missed the dip

I just found out I could instantly buy at GDAX with a credit card, noticed a small 20-30 euro dip and now it is wobling a bit. Should I buy some "playing" BTC right now or do you guys think it will drop a bit more in the upcoming hours? I will use the money that is coming in tomorrow for a longer investment.

[metacoin]

What I hear in conversation when Bitcoin price is low: "You're still doing Bitcoin stuff? Didn't Bitcoin die last year?"

Text messages I get when Bitcoin is at an ATH: "Hey do you think now is a good time to buy Bitcoin? How much should I buy?"

[Qartada]

What I hear in conversation when Bitcoin price is low: "You're still doing Bitcoin stuff? Didn't Bitcoin die last year?"

Text messages I get when Bitcoin is at an ATH: "Hey do you think now is a good time to buy Bitcoin? How much should I buy?"

People are so dumb.  Everyone espouses the oversimplified "buy low, sell high", but whenever people are actually trying to put it into practice they just ignore the prospect.  The option for them to buy Bitcoin is always right there in front of their face if they just researched the technology instead of looking at the short term price.

[Ibian]

First post here, been lurking around bitcoins for the past few years and never did anything with it sadly. Did a SEPA transfer this Friday but a tad to late (so it won't come into my account till tomorrow, stupid banks) and missed the dip

I just found out I could instantly buy at GDAX with a credit card, noticed a small 20-30 euro dip and now it is wobling a bit. Should I buy some "playing" BTC right now or do you guys think it will drop a bit more in the upcoming hours? I will use the money that is coming in tomorrow for a longer investment.

The question you should be asking is "Where can I read about how this technology works so that I can form my own informed opinion?".

[JayJuanGee]

  A year ago, Bitcoin's M1 ranking was close to 100, and recently, in the $1800 price territory, Bitcoin's M1 ranking is around 59.  Maybe going to be in the top 50 M1 rankings, soon.

where you take the rank ?

I know about coinometrics but it is broken now....

I was using the zero block app on the Iphone.  It lists the M1 rank, but probably the information provided by Meur6879  is a bit more accurate.  - https://bitcointalk.org/index.php?topic=178336.msg19017005#msg19017005

[Ted E. Bare]

Here we go, everyone buying again.

[bitserve]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

Also, if they buy and they lose money they will always have some internal resentment about you, while if they profit... maybe they will have some resentment for not telling them sooner. It's an always losing game.

On other note, I like this sideways action before the $2000 attempt (which should be done in weekdays).

[Elwar]

Been off the 'net a few days. Pulled up bitcoinity thinking $1600? $1400? Then I see $1788 and think all is right with the world.

I also found out that in Tahiti, today is yesterday. Had to book a room in a hostel for a night. No Internet. No A/C. Extra day though 😃

[Ibian]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

Also, if they buy and they lose money they will always have some internal resentment about you, while if they profit... maybe they will have some resentment for not telling them sooner. It's an always losing game.

On other note, I like this sideways action before the $2000 attempt (which should be done in weekdays).

I see the point and it does have some merit, but I'm gonna have to disagree.

Tell everyone. People who are worth a damn won't be mad at you for telling them about something they didn't know before, regardless of personal outcome. And everyone else can go eat a dick.