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Question: What causes you more fear? (credit:Micg)
Coronavirus - 95 (54.6%)
Bitcoin - 79 (45.4%)
Total Voters: 174

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21581447 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (143 posts by 33 users deleted.)
deepcolderwallet
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June 26, 2017, 03:57:33 AM

I'm not sure a back test of those levels are entirely needed. Why do I think so?  Bitcoin received acceptance from fortune 500"s to mom and pop shops plus many new developments during the climb to support its value changes.
Bitcoin as a whole is just starting to be understood by the early majority for its potentials beyond an early adopters investment vehicle.  Its clear that the people want it but also have fear. If fear wins we go back to a prescribed debt bubble banking system and wait for that to show more results.  I think we'll follow above the trend line given the gravity of development. Imagine the feeding frenzy if it went to 1100  Shocked

Once Roger Ver and Jihan Wu are under arrested for some years we'll see things get back to normal.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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nanobtc
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June 26, 2017, 04:14:29 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

Welcome back. If you want to daytrade crypto, and never have? That is an easier way to lose, than SODL.
deepcolderwallet
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June 26, 2017, 04:14:58 AM



You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

Are you retarded to the point you think the creator of the most disruptive technology EVER will have a to pay any estate tax?
Even if he was from USA or Japan or EVEN Brasil (which is not likely to forgive any unpaid tax) do you really think he is as dumb as you to leave declared money to his heirs?
If he could just leave a private key, WHY for God's sake would he leave a Will?
Are you missing something about crypto?
Are you in the right place?
Did you buy this Legendary account?
Because it sounds as retarded as a tax collector conjecturing how to not step off the line.
If crypto was about NOT stepping off the line it would be called Visa or Paypal.
Please respect your mates in this thread, we're here to disrupt, we're here to change the world, not to pay taxes to a corrupt "estate".
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June 26, 2017, 04:18:37 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

Welcome back. If you want to daytrade crypto, and never have? That is an easier way to lose, than SODL.

Thanks. So are you suggesting to not bother trading crypto and to just save up and buy btc, preferably on the dip?
JayJuanGee
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June 26, 2017, 04:28:37 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

Welcome back. If you want to daytrade crypto, and never have? That is an easier way to lose, than SODL.

Thanks. So are you suggesting to not bother trading crypto and to just save up and buy btc, preferably on the dip?


The best strategy is to engage in a plan to accumulate coins by dollar cost averaging and buying on dips.  Accordingly, if you have  £10  per week that you can invest every week no matter the price, and then maybe  £300 that you hold in reserve and try to time when to buy on dips and figure out how large of a dip that you want to wait for and how much you expect it to dip.  After a while you continue to accumulate and then you can sell very small portions as the price goes up and buy back as the price goes down.  And, maybe in the longer term after you accumulate more, then you can dedicate a certain portion of your stash towards a form of trading that does not involve gambling.  A problem with a large number of traders is that they gamble too much with their stash and then end up losing it through a kind of martingale type system that ends up losing.
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June 26, 2017, 04:29:32 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

Stop here.

No daytrade! You wanna make some crypto? Buy some RX Vegas GPUs, start mining Ethash coins and automatically trade for Bitcoin.
And HODL those sweat Bitcoins you'll earn. Never sell again. I hope you learned a lesson (I once learned that).

Never sell.
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June 26, 2017, 04:49:48 AM

The fix is in folks. It looks like a lot of bitcoin users have discovered this great currency called the dollar and are buying it all up. I heard that this dollar thing has a feature where it is made from paper. Bitcoin doesn't have that. Should we upgrade to get more users?
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June 26, 2017, 04:52:47 AM

low value scamcoin.... that's new to me.. LOL. sort of new.. not really. There's a new ICO every day, and this will last for awhile, maybe a year or two or more, then it will just change names or something.

The ones I've invested in aren't that low value anymore, just about enough to cover close to the average annual salary for the typical middle class above minimum wage worker earns. More or less.

If you're in the Philippines like me, forget mining. Meralco (Manila Electric Company) will suck out all your earnings, or whatever electric company is in whatever province you live in, and of course theft of electricity is not recommended. Learn it and have fun, for educational purposes only. But you won't turn a profit. You can certainly try.
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June 26, 2017, 04:54:46 AM

The fix is in folks. It looks like a lot of bitcoin users have discovered this great currency called the dollar and are buying it all up. I heard that this dollar thing has a feature where it is made from paper. Bitcoin doesn't have that. Should we upgrade to get more users?

JayJuanGee
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June 26, 2017, 05:01:18 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

Welcome back. If you want to daytrade crypto, and never have? That is an easier way to lose, than SODL.

Thanks. So are you suggesting to not bother trading crypto and to just save up and buy btc, preferably on the dip?


The best strategy is to engage in a plan to accumulate coins by dollar cost averaging and buying on dips.  Accordingly, if you have  £10  per week that you can invest every week no matter the price, and then maybe  £300 that you hold in reserve and try to time when to buy on dips and figure out how large of a dip that you want to wait for and how much you expect it to dip.  After a while you continue to accumulate and then you can sell very small portions as the price goes up and buy back as the price goes down.  And, maybe in the longer term after you accumulate more, then you can dedicate a certain portion of your stash towards a form of trading that does not involve gambling.  A problem with a large number of traders is that they gamble too much with their stash and then end up losing it through a kind of martingale type system that ends up losing.

Ok thanks great advice, I had to google martingale type system (learn something new everyday) but I get your point. My idea at the moment is save £200 per month, put £100 into BTC, put £25 into a random (with a bit of research) low value scamcoin (ripple/verge/antshares...) and save the £75 per month until it accumulates and buy btc/eth/ltc on the dip.


O.k.. That sounds like a pretty solid plan, and I hope that you are able to stick with it.  After a few years, you should have a pretty decent accumulation.

Since most exchanges do not seem to penalize for smaller orders, I think that it is better to invest your £50 per week rather than £200 per month ... or if you want to compromise, you could do £100 every two weeks.
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June 26, 2017, 05:01:45 AM

low value scamcoin.... that's new to me.. LOL. sort of new.. not really. There's a new ICO every day, and this will last for awhile, maybe a year or two or more, then it will just change names or something.

The ones I've invested in aren't that low value anymore, just about enough to cover close to the average annual salary for the typical middle class above minimum wage worker earns. More or less.

If you're in the Philippines like me, forget mining. Meralco (Manila Electric Company) will suck out all your earnings, or whatever electric company is in whatever province you live in, and of course theft of electricity is not recommended. Learn it and have fun, for educational purposes only. But you won't turn a profit. You can certainly try.

Yes well I made a slight profit a few weeks ago when I changed some LTC and ETH for Iconomi which rose in price, so I sold some of them and changed them back into ETH and LTC. But yeah thats what Im talking about, exchanging LTC and ETH for some scamcoins as well as some monthly savings, little by little.

And yes well I mined btc years ago in the UK but I am in Manila and so dont really see that as a viable option. Good to know your living here. I recently joined coins.ph as you can top up using php for btc, although ive not tried it yet. Have you used that app?
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June 26, 2017, 05:02:32 AM

The fix is in folks. It looks like a lot of bitcoin users have discovered this great currency called the dollar and are buying it all up. I heard that this dollar thing has a feature where it is made from paper. Bitcoin doesn't have that. Should we upgrade to get more users?

But I can buy lots of papers with 1 dollar, why should I hold them when there are cheaper papers around?
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June 26, 2017, 05:25:16 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

thank you. now I understand who is buying the alts and why. it is not only new guys. it is guys who want to recover their bitcoin stash they once had. if one´s resources are limited (who´s aren´t?!) your approach makes perfect sense. buy some alts and hope there is a winner.

isn´t it ironic that bitcoin experiences heat from altcoins ("loosing" it´s "dominance") because of people trying to get more... bitcoins?

it is always the same: bitcoins biggest problem arise from its success.  Cheesy

good luck and welcome back.

  
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June 26, 2017, 05:25:57 AM

The fix is in folks. It looks like a lot of bitcoin users have discovered this great currency called the dollar and are buying it all up. I heard that this dollar thing has a feature where it is made from paper. Bitcoin doesn't have that. Should we upgrade to get more users?

But I can buy lots of papers with 1 dollar, why should I hold them when there are cheaper papers around?

drbrockcoin
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June 26, 2017, 05:33:22 AM

Ugh so i got a new account, lost my old one years ago.
Been out of the bitcoin world for a few years as I had to sell my stash about 1.5 years ago as I needed the money, knew I would regret it but thats life.
Anyway Im back now and have a small stash of about £300 in various altcoins. My aim is to get back a nice BTC stash.

Just wondering if there is any point in trying to daytrade (not that I ever have, need to learn) with this small amount or am I better to wait until I have thousands in FIAT/coins?

Any feedback would be much welcome

thank you. now I understand who is buying the alts and why. it is not only new guys. it is guys who want to recover their bitcoin stash they once had. if one´s resources are limited (who´s aren´t?!) your approach makes perfect sense. buy some alts and hope there is a winner.

isn´t it ironic that bitcoin experiences heat from altcoins ("loosing" it´s "dominance") because of people trying to get more... bitcoins?

it is always the same: bitcoins biggest problem arise from its success.  Cheesy

good luck and welcome back.

  

HAHAHA thanks yes good point there, I mean if I had to choose only one coin to have everything in then of course it would be Bitcoin. I just see altcoins mostly as a pump and dump scheme although im sure there are a few with valid real world application which is owrth having a long term stake in, but for me personally my priority is to get to 0.5btc, then 1,  then 5 etc
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June 26, 2017, 06:11:16 AM

Were going lower
There is No bad news nothing But still its going down
The uptrend ended i think?
Azië is awake already But its not going Well for the crypto
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June 26, 2017, 06:29:45 AM

Were going lower
There is No bad news nothing But still its going down
The uptrend ended i think?
Azië is awake already But its not going Well for the crypto

This is the final shakeout before the parabolic rise post segwit implementation.

Everyone needs to watch this recent podcast

https://www.youtube.com/watch?v=Dcw-1JZPbvA&t=1

We are most definitely going to be seeing 5 figures soon.
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June 26, 2017, 07:09:42 AM

Were going lower
There is No bad news nothing But still its going down
The uptrend ended i think?
Azië is awake already But its not going Well for the crypto

look at the great picture

still good valuation for this year, and this is not the half of year yet
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June 26, 2017, 08:19:05 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/



Those of you who know MasterLuc, he has been accurate in the past. Here is his prediction. If this is true then no need to panic.


I don't believe a lot of predictions but for some reason I am drawn to his posts and opinions.
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June 26, 2017, 08:21:10 AM


isn´t it ironic that bitcoin experiences heat from altcoins ("loosing" it´s "dominance") because of people trying to get more... bitcoins?

HAHAHA thanks yes good point there, I mean if I had to choose only one coin to have everything in then of course it would be Bitcoin. I just see altcoins mostly as a pump and dump scheme although im sure there are a few with valid real world application which is owrth having a long term stake in, but for me personally my priority is to get to 0.5btc, then 1,  then 5 etc
Totally true.
People trading altcoins mostly see this as a way to earn BTC
At least that's how I see it. My trades in altcoins are all from a BTC perspective.
Proof is that I measure how much I earn or lose in BTC. I never tell myself "I made a trade and earned 10 SC" or "I lost 3 dollars" but only think in BTC, and I bet I'm not the only one xD
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