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

[krizniq]

is this real life? can somebody hold my hand please 

kwukduck will hold ya

[Torque]

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done.

Pls PLEASE, if I could give one piece of advice. Don't do that. Don't be poor in the future. I don't want you to be poor.

I keep seeing things like this all over the web. The less bitcoin one possesses seems to correlate with a higher desire to "cash out" at some point soon. The attitude being "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it. Might as well buy something nice with it."

Holding on to bitcoin is like having exponential compound interest. You won't realize it until it really starts to kick in. It's like winning the lotto but in slow motion (but faster than conventional investments).

Twenty years from now, someone owning 0.5btc or even 0.2btc will be held in complete awe.

[Ludwig Von]

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done.

Pls PLEASE, if I could give one piece of advice. Don't do that. Don't be poor in the future. I don't want you to be poor.

I keep seeing things like this all over the web. The less bitcoin one possesses seems to correlate with a higher desire to "cash out" at some point soon. The attitude being "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it. Might as well buy something nice with it."

Holding on to bitcoin is like having exponential compound interest. You won't realize it until it really starts to kick in. It's like winning the lotto buy in slow motion (but faster than conventional investments).

Twenty years from now, someone owning 0.5btc or even 0.2btc will be held in complete awe.

I should have sold more of my gold stash... . And have relieved me from the MT Gox trauma... . That said, I sell small qty's only to buy back more in the dips ( that are rather rare now... .)

[GoWest]

This is insanity!!

[bones261]

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done.

Pls PLEASE, if I could give one piece of advice. Don't do that. Don't be poor in the future. I don't want you to be poor.

I keep seeing things like this all over the web. The less bitcoin one possesses seems to correlate with a higher desire to "cash out" at some point soon. The attitude being "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it. Might as well buy something nice with it."

Holding on to bitcoin is like having exponential compound interest. You won't realize it until it really starts to kick in. It's like winning the lotto but in slow motion (but faster than conventional investments).

Twenty years from now, someone owning 0.5btc or even 0.2btc will be held in complete awe.

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

I guess my argument is basically an twist on the "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it" argument due to my age and health concerns.

[Torque]

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

Ok, fair enough. But if you do make it another 20 years, keep in mind that things like Medicare, Pensions, and Social Security will likely have gone the way of the dodo. Not to mention run away inflation. You may be wishing for yourself or your loved ones that you had held on to those 2 bitcoins. Perhaps pass them along to your heirs instead of cashing out?

[bitserve]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacity reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

[bones261]

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

Ok, fair enough. But if you make it another 20 years, keep in mind that things like Medicare, Pensions, and Social Security will likely have gone the way of the dodo. Not to mention run away inflation. You may be wishing for yourself or your loved ones that you had held on to those 2 bitcoins. Perhaps pass them along to your heirs instead of cashing out?

I guess the best course of action is to quit smoking, go see a doctor, write down instructions for my partner to cash in BTC, and hold on to my BTC.

[ErisDiscordia]

I guess the best course of action is to quit smoking, go see a doctor, write down instructions for my partner to cash in BTC, and hold on to my BTC.

Now that you have written it down, go ahead and do just that!

[BTCtrader71]

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

Ok, fair enough. But if you make it another 20 years, keep in mind that things like Medicare, Pensions, and Social Security will likely have gone the way of the dodo. Not to mention run away inflation. You may be wishing for yourself or your loved ones that you had held on to those 2 bitcoins. Perhaps pass them along to your heirs instead of cashing out?

I guess the best course of action is to quit smoking, go see a doctor, write down instructions for my partner to cash in BTC, and hold on to my BTC.

^^ This 

[Punisher1314]

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done. But then what would I do with my free time?

Do not do it. I have the same amount than you (well, only a bit more), I bought 2 btc when it was priced at 10$, i was too young and poor to invest more lol, and this year when price was around 900$ i bought a bit more. The first investment is now worth 40.000% more since then, so who knows how much will be bitcoin worth it in a few years..
If you need to sell, do it with a small proportion, a 10% of your total btc or less, and try to rebuy if the price falls after you sold. I do that in some strategic price points, and it works pretty well. I will do it again when price goes to 5k, and then in the 10k. If the price dips under 5k after i sold i will try to buy the dip the best i can, if it does not dip, then i will be taking profits and forget about rebuying, but psycologicall barriers usually work pretty well and they make good dips to buy  

[bitserve]

4000 USD ?!?

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done. But then what would I do with my free time?

I guess I could go back to Candy Crush or BOINC. I abandoned those in late 2014 to give BTC and Cryto a try.

And what will you do with a mere $8000? You should be working on making that sum grow!

I hope that at least this Bitcoin game has been much more exciting (and lucrative) than Candy Crush

[petahashminer]

so what do you think about 2000 BTC finex wall @ $3900

will it be pulled ?

[bitserve]

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done.

Pls PLEASE, if I could give one piece of advice. Don't do that. Don't be poor in the future. I don't want you to be poor.

I keep seeing things like this all over the web. The less bitcoin one possesses seems to correlate with a higher desire to "cash out" at some point soon. The attitude being "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it. Might as well buy something nice with it."

Holding on to bitcoin is like having exponential compound interest. You won't realize it until it really starts to kick in. It's like winning the lotto but in slow motion (but faster than conventional investments).

Twenty years from now, someone owning 0.5btc or even 0.2btc will be held in complete awe.

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

I guess my argument is basically an twist on the "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it" argument due to my age and health concerns.

About the smoking thing... Have you tried vaping? The vaping industry has evolved amazingly in last 5 years.

About the "heritage" you should be instructing her already on this stuff and what to do.

ABout the richness... Maybe it won't make you rich... but try make it at least a sum that could change anything in your life.

Btw, some people consider that money is for spending. I think the money is for BEING ABLE to spend it. YOu are only able to spend money that you haven't already spent. Money gives freedom, spent money doesn't. Unless you know you only have like a few months left.....

[Biro Bob]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacity reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

I'm not selling. I'm just a bit more extravagant with my regular savings

[Searing]

4000 USD ?!?

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done. But then what would I do with my free time?

I guess I could go back to Candy Crush or BOINC. I abandoned those in late 2014 to give BTC and Cryto a try.

And what will you do with a mere $8000? You should be working on making that sum grow!

I hope that at least this Bitcoin game has been much more exciting (and lucrative) than Candy Crush

Attic mining

Go to attic sell 3k of crap bit by bit. Empty attic. Buy btc
3k. Then fix paint attic. Make rec room. Increase value of house 10k

Win/Win

[JimboToronto]

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

Ok, fair enough. But if you do make it another 20 years, keep in mind that things like Medicare, Pensions, and Social Security will likely have gone the way of the dodo. Not to mention run away inflation. You may be wishing for yourself or your loved ones that you had held on to those 2 bitcoins. Perhaps pass them along to your heirs instead of cashing out?

 

When I was 20 years old I thought I'd never live to see 35. Let's just say I partied pretty hearty. Sex & drugs & rock & roll. (Kids today can't handle their methamphetamine.)

I also realized that by the time I reached old age, all the other babyboomers would strain the system so badly I wouldn't be able to depend on the government to support me. Unfortunately I made the mistake of investing in real estate, paying compound interest on mortgages. That ended in bankruptcy.

Luckily when I was 64 years old, I discovered Bitcoin. Now that I'm in my 70th year, I realize I might live until I'm 135. I'm glad to have my bitcoins to fall back on.

Hopefully I won't be able to spend them all and my nieces and nephews will be rich some day.

[jojo69]

Money gives freedom, spent money doesn't.

It does if what you spent it on is real productive assets and infrastructure for self sufficiency.






also...you crack me up Jimbo!   lol

[hodl_2015]

I'm 49 and a smoker. Not sure I'll be around in 20 years.

An (otherwise) healthy human body is surprisingly good at getting rid of toxic substances and recovering after you quit smoking. Many cells get completely replaced every few month anyway. Long term health effects statistics are mostly if you keep smoking, but are reduced to almost normal a couple years after quitting.
Quid smoking today, and if you must, delay seeing the doctor. If you still have not made up your mind a year later, you will at least feel a lot better already and not worry about seeing a doctor.

[bitserve]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacity reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

I'm not selling. I'm just a bit more extravagant with my regular savings

That's another thing. If you were already able to buy that lambo with your non-new wealth and do it now because of the additional "cushion" thanks cryptocurrencies that's way different and reasonable.