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

[Roccker]

inside noob mind:
2300 i am thinking about selling all for now.
Deciding in the emotional moment what you wanna do is probably very bad.
I am worst trader/investor ever
Not the total worst. But i have a hard time sometimes deciding what i order in restaurant. Now decide sell all for now or not. 20 at 550.
There is few hope for me resolving this. Mostly i just hold.
---
sell: Bitcoin is a bit in danger with the scaling issue and possible hardfork, other coins are technologically better, etherum wants to be nr1, i'll just make a buy order at 2000 and make a 5k profit from that

hold: daily sentiment is bullshit, read that only 3% of 'investors' (yea, i know, would be useful to know what they meant by that) invested in a crypto, there was always a next bubble, next halving in 2020 could be 15k bubble or something cracy
---

[Chef Ramsay]

https://twitter.com/ToneVays/status/875360132573650944

https://twitter.com/WhalePanda/status/875337231250186240

https://twitter.com/TuurDemeester/status/875334532056088576

[European Central Bank]

https://twitter.com/ToneVays/status/875360132573650944

https://twitter.com/WhalePanda/status/875337231250186240

https://twitter.com/TuurDemeester/status/875334532056088576

the eth jitters are 100% inevitable. it's ridiculous that any idiot would believe '(changeable) code is law' would be agreed with by the actual law.

as for the chinese shit, i hope we're about to come to a head no matter what the outcome.

[x2666]

It's a sight to behold. 

[JimboToronto]

Most importantly, it's fully anonymous. There are no banks, exchanges, governments or other corporations involved... just me and my paper wallets, some dude with a laptop or phone, cash and the blockchain.

Not to mention, the real reason that the banking industry is scared of bitcoin is that if it becomes popular as a form of the peoples' "savings", they won't get customers ongoing deposits to continue their massive fractional reserve scam... which they rely heavily on.

Absolutely. Almost anything is better than keeping your money in some bank.

Remember when "money in the bank" meant a sure thing? LOL

[fluidjax]

There is some hope that a new PR by james hilliard allows the Segwit2X code to be compatible with  BIP148.
This may mean there is no fork in August at all.

PR is here
https://github.com/btc1/bitcoin/pull/21

An explanation of the effect is here:
https://www.reddit.com/r/Bitcoin/comments/6hdhw4/segwit2x_about_to_become_compatible_with_bip148/dixr59j/

[becoin]

inside noob mind:
2300 i am thinking about selling all for now.

Excellent, I'm buying all of your bitcoins.
Thanks for the cheap coins.

[Dabs]

When the time comes to  spend some to buy something like property or fiat currency, the blockchain will serve as a record of when I acquired the coins so capital gains tax can be calculated and paid. Until then it's nobody's business except mine.

And you can get away with paying less capital gains tax, if the most recent paper wallet you are exchanging today is dated less than a week ago. I'll leave it to your imagination. You might even possibly register losses too, but that's unlikely since you wouldn't be buying fiat at that point.

[yefi]

blitz? is that you??

still not believing the triple digit lie?

I'd probably change my name too after the "no more triple digits in 2013" thing.

[infofront]

There is some hope that a new PR by james hilliard allows the Segwit2X code to be compatible with  BIP148.
This may mean there is no fork in August at all.

PR is here
https://github.com/btc1/bitcoin/pull/21

An explanation of the effect is here:
https://www.reddit.com/r/Bitcoin/comments/6hdhw4/segwit2x_about_to_become_compatible_with_bip148/dixr59j/

This.
A pretty acceptable solution seems to have come out of nowhere.

The TLDR version of this proposal is: If >=80% of miners run the BTC1 segwit2x software, Segwit will be passed. 100% compatible with BIP 148, 141, etc. Block size increase will become the can kicked down the road.

[Coinnosaurus]

inside noob mind:
2300 i am thinking about selling all for now.
Deciding in the emotional moment what you wanna do is probably very bad.
I am worst trader/investor ever
Not the total worst. But i have a hard time sometimes deciding what i order in restaurant. Now decide sell all for now or not. 20 at 550.
There is few hope for me resolving this. Mostly i just hold.
---
sell: Bitcoin is a bit in danger with the scaling issue and possible hardfork, other coins are technologically better, etherum wants to be nr1, i'll just make a buy order at 2000 and make a 5k profit from that

hold: daily sentiment is bullshit, read that only 3% of 'investors' (yea, i know, would be useful to know what they meant by that) invested in a crypto, there was always a next bubble, next halving in 2020 could be 15k bubble or something cracy
---

If you're thinking about buying eth after you saw what happens if the (btc)bubble pops then you're not the worst trader ,you're an unlucky gambler

[machasm]

Even with this large dump we are still up by 30% from a month ago.
It's all about perspective.

[JimboToronto]

When the time comes to  spend some to buy something like property or fiat currency, the blockchain will serve as a record of when I acquired the coins so capital gains tax can be calculated and paid. Until then it's nobody's business except mine.

And you can get away with paying less capital gains tax, if the most recent paper wallet you are exchanging today is dated less than a week ago. I'll leave it to your imagination. You might even possibly register losses too, but that's unlikely since you wouldn't be buying fiat at that point.

Indeed. This is one reason I keep my coins in many small wallets.

As I've stated in many times in the past, I have no intention of selling any coins except if absolutely necessary.  If an emergency were to occur during a dip and I needed to sell more than I could through an ATM for cash, at a price lower than the highest I'd paid, I'd definitely claim a loss.

[JimboToronto]

inside noob mind:
...I am worst trader/investor ever...

Trading is not investing. It's gambling.

Holding is investing.

[ARTISTCOLONY]

inside noob mind:
...I am worst trader/investor ever...

Trading is not investing. It's gambling.

Holding is investing.

http://i664.photobucket.com/albums/vv10/JimboToronto/10-years-warren-buffett_1.jpg

+1 bitcoin is like a fine wine*    ~cheers!!

[spooderman]

blitz? is that you??

still not believing the triple digit lie?

I'd probably change my name too after the "no more triple digits in 2013" thing.

he was right though he had no idea how right he was lol

[jbreher]

$600 ago Bitcoin was the future. I wonder what it is now. 

The future.

[jbreher]

everybody keep calm

https://news.bitcoin.com/japans-largest-online-travel-agent-bitcoin-hotels/

https://www.cryptocoinsnews.com/japanese-airports-will-see-bitcoin-upgrade/

This news is irrelevant as merchants don't keep any BTC and simply contribute to the volatility.

Yes. Shortsighted people said the same about Travelocity accepting Bitcoin. That was several dozen billions of dollars of market cap ago.

[European Central Bank]

everybody keep calm

https://news.bitcoin.com/japans-largest-online-travel-agent-bitcoin-hotels/

https://www.cryptocoinsnews.com/japanese-airports-will-see-bitcoin-upgrade/

This news is irrelevant as merchants don't keep any BTC and simply contribute to the volatility.

Yes. Shortsighted people said the same about Travelocity accepting Bitcoin. That was several dozen billions of dollars of market cap ago.

what little merchant action there is is either neutral or positive. bitpay have said most of their coins go straight to otc buyers so they're probably leaving the open market forever.

i dunno what japan plans to do, but no one there is gonna spend it anyway.

[SnokkomBTC]

Bitcoin Q&A: Scaling is a moving target


https://www.youtube.com/watch?v=pT9kJq_Ogrk&feature=youtu.be