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

[jojo69]

The remaining bigblockers are the laughingstock in the Bitcoin community, all Jonald Fyookballs 2.0.

I think it is dangerous to count them out, they are playing a longer game than 2 weeks.

Mock them, sure, criticize, deride, eviscerate to your hearts content...but do not take your eyes off them.

[Custard81]

After yesterday's stutter I'm confident it will breach $5000 by the end of the month.

[BlindMayorBitcorn]

IDK. I think everything is a ploy to get my private keys now.

Even you.

Guess I'll need to buy a vault to keep my Trezor in. I already know from experience that those cheap lock boxes that you can buy at Target do not do the trick at all. Will a gun safe work?

A brass knuckles safe should do the trick.

[jojo69]

The way I see it the critical period is between 11 and 20 hours from now...between roughly 10:00 and 19:00 tomorrow US Pacific...uhh we are usually UT-8, but time shifting BS....

imma go out on a limb here and predict good drama in the next 24 yo

[Elwar]

The way I see it the critical period is between 11 and 20 hours from now...between roughly 10:00 and 19:00 tomorrow US Pacific...uhh we are usually UT-8, but time shifting BS....

imma go out on a limb here and predict good drama in the next 24 yo

So...the next 24 hours are critical!

[r0ach]

The underclasses are coming for your private keys!

That was the basis of the book "The Revolt Against Civilization: The Menace of the Under-Man":

"The author rails against the moronic, rebellious, Bolshevik Under Men of the world and suggests "world eugenics" to remedy their impending takeover and the ruin of civilization"

In other news, either Jews are joining the alt-right now, or these are Jewish agent provacateurs trying to incite violence at Charlottesville:

[jojo69]

The way I see it the critical period is between 11 and 20 hours from now...between roughly 10:00 and 19:00 tomorrow US Pacific...uhh we are usually UT-8, but time shifting BS....

imma go out on a limb here and predict good drama in the next 24 yo

So...the next 24 hours are critical!

it seems so, but then again, I'm just some pseudonymous internet poster drawing lines on bitcoinwisdom...

[JayJuanGee]

Pay your taxes, people! It's the best way to keep the underclasses from tearing you apart.

some of us ARE the underclasses, man.

Behave! You savage

hey, i'm no savage! i'm just broke... first time in years i've had a decent job, and it's only two months old. not been able to save enough to get an apartment though, so living on a friends couch... who wants me to go to a hotel cause he's worried about eviction... sigh. bye bye savings.

doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...


well, that got off topic. sorry.

different state, unfortunately. and while i have a job, i remain in texas.
I'd say your brother owes you his couch at least.

It is difficult to say exactly what anyone else should do; however, if you are following these bitcoin threads, then you must recognize value in bitcoin, and accordingly, your goal should be to live with your means and spend your fiat within your means, and accumulate BTC.  If you are struggling to make ends meet, then maybe you can only afford to store away $10 per week of bitcoins, and that is likely what you should be doing until you accumulate enough BTC.  With any investment, you gotta set the money aside and attempt to forget about it while it is in its accumulation stages.  And, accordingly, you gotta get your life in sufficient order that you can afford to put aside a meaningful amount on a regular basis and not be tempted to touch that part that you set aside because you have other systems in place regarding your living expenses, etc.  It can take many years to build up an investment fund, but if you recognize bitcoin as valuable, maybe you could appreciate a lot of value in 10 years if you begin right away to establish a sound system that allows you to accumulate bitcoin and spend fiat for your other living expenses..

[JayJuanGee]

There were quite a few folks that I began to recommend buying in the upper $300s - and I looked like a fool for about a year, then bitcoin fate seemed to have turned, and now $300s seems like a real bargain, too.

I recommended people refinance their house and take a loan to buy bitcoins when the price was $325.

The typical response was "I wouldn't go that far, buy but don't invest more than you can afford to looose.".

It is usually not good to leverage with a really volatile and uncertain asset, but it can really can pay off if you leverage correctly or if you figure out systematic ways to leverage that protect yourself from the potential downside.

I recall the various posts from you about selling your house and using the proceeds, and it sounded risky at the time - and pretty much went up after that (except you did suffer a bit of the bitfinex dip bullshit that recovered, of course).

I have a kind of 401k, and in late 2014, I was considering cashing out a portion of that 401k - yet in the end, I concluded that I had already invested enough into bitcoin, and I had no real need to be greedy about the whole matter and to overexpose myself in one asset class (namely bitcoin).  So yeah of course I could have been richer, but I don't really care because I am comfortable with myself and the largely non-leveraging strategy that I employed.

 I will admit that since about late 2014, I have been rotate floating various 0% promotional credit cards for cash floats, and this has been a bit risky and a kind of leveraging that I have been able to employ pretty well - and maybe with some luck too. 

But, overall, I guess my point is that I do not recommend too much overinvesting, but I also recall with you that you were prepared for the downside, too with those house proceeds that you used... and so surely each of us needs to figure out a kind of balance (and not too much gambling) that attempts to not over invest or to overplay our position in one asset class.

[rjclarke2000]

Hi bitserve,

How is a paper wallet not protected if a pc is compromised?

[ghandi]

Cup and handle?

[sgk]

I need to get a life. I have been watching these walls too long I guess.

Total time logged in: 830 days, 6 hours and 14 minutes. Peasants.

That doesn't look real. I demand a screenshot. And no photoshop, please 

I'm sure it's real. Here's mine:

I am pretty convinced you're an AI, not a real human being.

On topic: Not sure if I need to buy or sell. I'm hoping for a dip before 22nd which tempts me to do a short but I'm scared if I could get rekt.

[marcus_of_augustus]

Hi bitserve,
How is a paper wallet not protected if a pc is compromised?

few ways ... can get the paper wallet file out of the printer's memory ... or more unlikely if they've hijacked your webcam might be able to catch a shot of you waving around your paper wallet or other private things  

[jojo69]

Cup and handle?

or double top...

you pays your money and you takes your chances

[aesma]

Hmmmm, ok, let's assume its like that... but... how can they ever get that money from you if you never come back to the USA? Just saying....

In the last few weeks :
Some Russian guy got arrested in Greece on behalf of the US.
Some Canadian guy got arrested and died in Thailand on behalf of the US.

Don't you know the US is the world police ?

[JayJuanGee]

On topic: Not sure if I need to buy or sell. I'm hoping for a dip before 22nd which tempts me to do a short but I'm scared if I could get rekt.

You seem to be gambling way too much with your crypto, if you are cutting your cashflow with those kinds of tight timelines.

It seems to me that guys need to have a pretty solid idea of their cashflow and attempt to have it figured out for 6 months. 

Of course there are going to be crunch periods, but in a crunch period, your cashflow should not depend on the performance of BTC.

Accordingly, in the past 2 years, we have had more than 16x price appreciation.

And from the beginning of the year we have had more than 4x price appreciation.

I think that the point that I am getting at is that these kinds of price appreciations should allow enough accumulation of bitcoin's and cash (especially cash, because we are at an upwards point right now)...

anyhow sounds like you are overinvested and you need to sell a little bit so that you do not stress about it so much, and if it goes up sell a little more... if it goes down, buy... and everything will work out fine.

[ghandi]

Cup and handle?

or double top...

you pays your money and you takes your chances

As long as it breaks out upwards i don't care

[silverston]

Guys, how do you think this time the price before the segwit itself will be highly volatile or will there be a smooth growth?

[sgk]

On topic: Not sure if I need to buy or sell. I'm hoping for a dip before 22nd which tempts me to do a short but I'm scared if I could get rekt.

You seem to be gambling way too much with your crypto, if you are cutting your cashflow with those kinds of tight timelines.

It seems to me that guys need to have a pretty solid idea of their cashflow and attempt to have it figured out for 6 months. 

Of course there are going to be crunch periods, but in a crunch period, your cashflow should not depend on the performance of BTC.

Accordingly, in the past 2 years, we have had more than 16x price appreciation.

And from the beginning of the year we have had more than 4x price appreciation.

I think that the point that I am getting at is that these kinds of price appreciations should allow enough accumulation of bitcoin's and cash (especially cash, because we are at an upwards point right now)...

anyhow sounds like you are overinvested and you need to sell a little bit so that you do not stress about it so much, and if it goes up sell a little more... if it goes down, buy... and everything will work out fine.

Thanks for your advice, I appreciate the opinions provided.

I wouldn't say I am overinvested, I have fair balance between crypto and cash. After some thinking I am deciding to HODL instead, as always! In fact I haven't touched my paper wallets from 2013 and haven't even cashed out those BitCH coins. I am very patient that way 

[Olivious]

Oh were back at $4300, does it have something to do with this news https://cointelegraph.com/news/ibm-signs-deal-with-singaporean-port-operator-and-regional-shipping-firm-to-pilot-blockchain-based-supply-chain-network