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

[bitcoinrevolution]

I have the equivalent of about 50 BTC. Equivalent, because most of my stash is in assorted alts. Some of them are not liquid enough, so I'll have to trade them back to BTC slowly, but I am confident I can get at least 40 if forced to liquidate them all quickly, as in a few days.

p&d shitcoins needs promoters

[jbreher]

TL;DR Seasteading will allow for the decentralizing of nations the same way Bitcoin decentralizes currency.

Cool. Do you know Edan Yago of Epiphyte? While not seasteading specifically, he was working on setting up an independent economic/political 'zone of opportunity' with similar social implications. He spoke at Bitcoin 2013 in San Jose.

Maybe more direct is that The Seasteading Institute was also at that conference with a booth. If they had a talk, I did not notice. I spoke with them for a bit. I got one of the reps from their org set up with his first Bitcoin wallet.

[willope]

I have the equivalent of about 50 BTC. Equivalent, because most of my stash is in assorted alts. Some of them are not liquid enough, so I'll have to trade them back to BTC slowly, but I am confident I can get at least 40 if forced to liquidate them all quickly, as in a few days.

Wow, that's so much money! I think I'll never be able to have that amount of wealth. Even 5 btc would be heaven for most o us.

[jbreher]

TL;DR Seasteading will allow for the decentralizing of nations the same way Bitcoin decentralizes currency.

btc decentralises nation states - what is for example the USG without the US$? and what is the USA without the USG? Angry people with guns.
and boats. any ship or island when that shtf will be a sitting target for pirates.

As are we all at all times. What's your point?

[bitebits]

[...]I think I'll never be able to have that amount of wealth. Even 5 btc would be heaven for most o us.

Bitcoin encourages saving. Try it and you want more of them. Set yourself a goal and go for it. First one, then 2.1 perhaps, then..

[Fatman3001]

Ok, I see someone sodld

Nope, but I sure hope others do. I simply can't. Grew attached to them.

They are very pretty. Especially if the price chart is on the screen next to them.

I'm not even euphoric anymore. I've reached nirvana. The thought of 10k feels boring and cheap. Give me $100k coins and I'll check again.

[jbreher]

I don't think it practical, and already there are murmurs that a it could be a refuge for the wealthy to avoid taxes or other problems.

And why would that be a problem?

[infofront]

I'm a pretty long-term BTC enthusiast. However, I have become rather nervous about BTC's future the last several months. Even moreso now than at any point since 2013 or so.

If UASF doesn't pass, I really don't see how BTC can possibly move forward, and stop ETH from eating it's lunch. And as of now, it looks like UASF is very unlikely to make it.

[Fatman3001]

Sore losers report:
Bitcoin down $110. Shitcoins on parade. More news and weather together on the ones.

No, bitcoin is not down mate. Are you using the US market to study the price of bitcoin because presently the US market is following the Japanese and
South Korean markets  price moves.

I'll be back later to debate the definition of down with you. In the meantime, why not kick back and enjoy this Motown classic. Ladies and gentlemen, Gladys Knight and the Pips!

F@ck sakes, BMB! You've moved on to legendary without me!

Not cool, man. Not cool.

Oh... and the price is $2744 atm. Interdasting. Discussing, discussing.

[MichaelX]

So you don't have 50 BTC. Very risky strategy IMHO. That is the same as saying that you currently have 50 BTC worth in fiat, and we all know how that story goes (135k$ for future reference..).

Well, I wouldn't go that far ... I did qualify it by saying if I had to dump all of them at once, right now, I might get only 40 BTC.

It is risky, but continuously trading them or just holding some (waiting for price to go up a little bit) has been profitable. I have a couple I intend to hold long term and the rest I will start trading next week or next month.

p&d shitcoins needs promoters

I'm not promoting any particular or specific shitcoin.

[gentlemand]

I'm a pretty long-term BTC enthusiast. However, I have become rather nervous about BTC's future the last several months. Even moreso now than at any point since 2013 or so.

If UASF doesn't pass, I really don't see how BTC can possibly move forward, and stop ETH from eating it's lunch. And as of now, it looks like UASF is very unlikely to make it.

There'll always be a crisis of some sort on the horizon. Make your peace with it.

I don't really care if ETH eats Bitcoin's lunch. If it completely buries Bitcoin I'll be going with it. It has nothing to do with what crypto should stand for.

[bitebits]

[...]If UASF doesn't pass, I really don't see how BTC can possibly move forward[...]

Pressure by the market will eventually take care. Whether by an increasing or decreasing dollar market cap.

[...]And as of now, it looks like UASF is very unlikely to make it.

Good, bullish.

[Fatman3001]

I'm a pretty long-term BTC enthusiast. However, I have become rather nervous about BTC's future the last several months. Even moreso now than at any point since 2013 or so.

If UASF doesn't pass, I really don't see how BTC can possibly move forward, and stop ETH from eating it's lunch. And as of now, it looks like UASF is very unlikely to make it.

FFS man, keep up with the news!

http://www.coindesk.com/bitcoins-new-scaling-agreement-reaction/

http://www.coindesk.com/bitcoins-segwit2x-scaling-proposal-miners-offer-optimistic-outlook/

tldr, relax. we're fine.

[HI-TEC99]

Sore losers report:
Bitcoin down $110. Shitcoins on parade. More news and weather together on the ones.

No, bitcoin is not down mate. Are you using the US market to study the price of bitcoin because presently the US market is following the Japanese and
South Korean markets  price moves.

I'll be back later to debate the definition of down with you. In the meantime, why not kick back and enjoy this Motown classic. Ladies and gentlemen, Gladys Knight and the Pips!

F@ck sakes, BMB! You've moved on to legendary without me!

Not cool, man. Not cool.

Oh... and the price is $2744 atm. Interdasting. Discussing, discussing.

I'm in the same boat. It appears we will probably have to wait until we reach the full 1030 of activity before we go legendary. There's only another few months to go. 

[Torque]

I'm a pretty long-term BTC enthusiast. However, I have become rather nervous about BTC's future the last several months. Even moreso now than at any point since 2013 or so.

If UASF doesn't pass, I really don't see how BTC can possibly move forward, and stop ETH from eating it's lunch. And as of now, it looks like UASF is very unlikely to make it.

There'll always be a crisis of some sort on the horizon. Make your peace with it.

I don't really care if ETH eats Bitcoin's lunch. If it completely buries Bitcoin I'll be going with it. It has nothing to do with what crypto should stand for.

Yep. Price and marketcap driving forward in a crypto as the only measure of success, devoid of the core principles of sound, trustless, decentralized money with a POW system that Satoshi laid out, is completely hollow and meaningless.

People in that camp might as well be chasing a hot new stock or some other bank-driven investment derivative. Or maybe their state lotto.

[jbreher]

Even though you and I argue about some of the specifics, we likely are following a pretty similar practice

Probably - we've tangentially discussed our approaches before. I recall cautioning you a year or so ago not to overplay the 'making money off volatility' game. I used the example of me being wholly unprepared for the last bit of the 2013 rocket, and being left with a fistful of stinky fiat, no trading stash left, and no way to buy back in other than at a loss. Fortunately, I still had the bulk of my investment outside the game.

Since then I kept out of such activity - until recently. I'm 95% sure Bitcoin will continue at least to do another 10x if not 100x. But the price now is such that, should I exchange some BTC for fiat, I'm OK with it. As long as I retain the bulk for future appreciation. So I've restarted what I naively call 'laddered day trading' (I'm guessing there's an accepted term for it, but I have no clue what it may be).

[Fatman3001]

I'm a pretty long-term BTC enthusiast. However, I have become rather nervous about BTC's future the last several months. Even moreso now than at any point since 2013 or so.

If UASF doesn't pass, I really don't see how BTC can possibly move forward, and stop ETH from eating it's lunch. And as of now, it looks like UASF is very unlikely to make it.

There'll always be a crisis of some sort on the horizon. Make your peace with it.

I don't really care if ETH eats Bitcoin's lunch. If it completely buries Bitcoin I'll be going with it. It has nothing to do with what crypto should stand for.

That's very noble of you.

Stupid, but noble.

There'll always be a crisis of some sort on the horizon. Make your peace with it.

I don't really care if ETH eats Bitcoin's lunch. If it completely buries Bitcoin I'll be going with it. It has nothing to do with what crypto should stand for.

Yep. Price and marketcap driving forward in a crypto as the only measure of success, devoid of the core principles of sound, trustless, decentralized money that Satoshi laid out, is completely hollow and meaningless.

People in that camp might as well be chasing a hot new stock or some other bank-driven investment derivative. Or maybe their state lotto.

I'm pretty sure BTC is supposed to be huge. Not a tiny right wing nerd economy on the fringes of the dark web.

[Fatman3001]

Sore losers report:
Bitcoin down $110. Shitcoins on parade. More news and weather together on the ones.

No, bitcoin is not down mate. Are you using the US market to study the price of bitcoin because presently the US market is following the Japanese and
South Korean markets  price moves.

I'll be back later to debate the definition of down with you. In the meantime, why not kick back and enjoy this Motown classic. Ladies and gentlemen, Gladys Knight and the Pips!

F@ck sakes, BMB! You've moved on to legendary without me!

Not cool, man. Not cool.

Oh... and the price is $2744 atm. Interdasting. Discussing, discussing.

I'm in the same boat. It appears we will probably have to wait until we reach the full 1030 of activity before we go legendary. There's only another few months to go.  

Echh.... I haven't been posting too much the last year. Lauda keeps hunting me down and deletes my posts. Kinda takes all the fun out of it.

Some people... they get a little power and they instantly turn Stalin on you.

[bitcoinrevolution]

Pump on alts (all alts ...).
Fuel (escape) for Bitcoin at the end of the week ?  

http://coinmarketcap.com/

I suspect that there will be a massive alt drop soon and a big resulting pump in BTC, but I think the whales will keep the alts inflated for a bit longer to draw more people in - will be interesting to see what happens over the next weeks

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[Torque]

I'm pretty sure BTC is supposed to be huge. Not a tiny right wing nerd economy on the fringes of the dark web.

Huge in the way that network cabals or the world banks can eventually co-op it, centralize it and take it over, like they intend to do one day with the likes of ETH or some other corporate beloved shitcoin?

Then no thanks, I'll take my chances with the "small" fringe Bitcoin market. Core principles of sound money actually matter more.