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

[BubblePopper]

https://i.imgur.com/v0nmn7L.jpg
projected versus actual
https://i.imgur.com/m75duYP.jpg
GBTC update: great 2-day run. Current implied price is now $9,270 per Bitcoin.

Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too

[Last of the V8s]

Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too

'cos Barry's a good con man?

[gentlemand]

Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too

Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.

[Searing]

I am so glad I don't have to deal with tax bullshit. No taxes on bitcoin gains in my country, it's just treated like any ol garage sale.

good to be you

on the other hand up till this point I can get around this with equip purchases all count 100% the same year...off gross

also that means 25% off taxes if any I need to pay

since 2013 this has more or less been a wash

with me expanding the equip empire each year

however...someday I'll have to get out of mining (or will be too small) and pay the piper

kinda interesting you make a lot of $$$ in income off mining it all goes into equip to pay no taxes ..double hash or triple hash and pay no taxes

but then again that gerbil wheel will have to stop sometime (thou price keeps going up ..maybe not?)

this year is just a bit more of a challenge getting equip that makes sense into next year

[fluidjax]

I was checking catamaran prices in croatia... looks like I am hodling for another goddamn 3 years. Why boats so expensive, such a waste of money --but I still want one

You know what they say about boats.... the two best days are the day you buy it, and the day you sell it.

[realr0ach]

Ok, so my account yefi got hacked 2017-08-19. I'm a little shocked at this as my p/w was a random 9 digit code with a special character. It was also unique to this site. Anyway, please ignore anything my lobotomised impostor now writes, thank you.

Wow, your account got hacked the same day as mine?  Wasn't there some weird widespread captcha vulnerability that enabled people to breach accounts and bitcointalk just added their new captcha thing to the site right as our accounts are breached?

[Ludwig Von]

The squid team is working hard on their credibillity in Bitcoinland... .

[BubblePopper]

Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too

Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.

Source? Perhaps if you owned it in a Roth IRA... then no tax.

[gentlemand]

Source? Perhaps if you owned it in a Roth IRA... then no tax.

Indeed. That's what I meant.

[cmacwiz]

I was checking catamaran prices in croatia... looks like I am hodling for another goddamn 3 years. Why boats so expensive, such a waste of money --but I still want one

You know what they say about boats.... the two best days are the day you buy it, and the day you sell it.

What about the day you sex in it?

[realr0ach]

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?

Every craptocoin token is completely centralized and either controlled by 3 miners or 3 proof of stake holders, so I guess you're advocating everyone dump for silver?

[deepcolderwallet]

huge dump incoming i hear

Heard it from what source?

His posterior. He's gone full BCH and is now executing stunningly advanced psyops tactics on us all. I've never seen anything quite so refined in all my years of regime destruction.

It looks more like a slow decline from yesterday's blast up. Totally normal.

Come on guys!
He is referring to B_itCH!
This guys has no more BTC and is getting mad seeing his money being washed away...

[JayJuanGee]

I'd say we're overdue for 30% correction. But I don't condone it.

A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.

Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.

[BlindMayorBitcorn]

I'd say we're overdue for 30% correction. But I don't condone it.

A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.

Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.

I entered Bitcoin during the mother of all bear markets. I'm conditioned for doom.
You people merely adopted the doom, I was born into it.

[realr0ach]

A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.

Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.

I entered Bitcoin during the mother of all bear markets. I'm conditioned for doom.
You people merely adopted the doom, I was born into it.

What if I told you JayJuanGee posts caused the bear market.

[Neo_Coin]

yes mate this is really happening... only the beginning though
Hold onto your shiny bitcoin
 

edit: Unable to post a gif, I feel such a dumb noob

Really nice, indeed

 

[empowering]

I'd say we're overdue for 30% correction. But I don't condone it.

A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.

Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.

I entered Bitcoin during the mother of all bear markets. I'm conditioned for doom.
You people merely adopted the doom, I was born into it.

...ahhh!  now those were the days!

[BubblePopper]

Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too

Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.

Incredible, its swing low to swing high is massively greater than actual Bitcoin.

I'll hedge some of my actual BTC and invest 10k of my Roth IRA into GBTC (no new net exposure just flipping the exposure to roth IRA)

We'll see if it can keep growing faster than BTC itself...

[JayJuanGee]

If BCH succeeds in killing BTC, then:
1) There will be a general crash in crypto because it will be proved that they can be killed by such attacks; and
2) There are many better coins than BCH to play with.

Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.

That is a BIG fucking

IF ,


Jbreher.    

[bankpower]

Seems like 5000$ is not a dream anymore