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

[JayJuanGee]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

[bones261]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

I was thinking in the range of 1000 + coins to be a Bitcoin whale. 100 Coins is more like a dolphin. Me, a minnow.

[Elwar]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

I think the distinguishing characterisric to denote being "rich" is the source of income. Most people get their wealth through income. The rich mainly derive it from their investments. The choice of what to invest in thus affects society more than someone pulling an income.

[ArticMine]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

The story is that he lost 700000 XMR worth about 20500 XBT on his Apple laptop. I am not a fan of Apple and its EULA's but this has to be a record for a click on "I agree".

Edit: I used GNU/Linux on a laptop that I bought from a surplus government auction to make this post .

[ArticMine]

...

I think the distinguishing characterisric to denote being "rich" is the source of income. Most people get their wealth through income. The rich mainly derive it from their investments. The choice of what to invest in thus affects society more than someone pulling an income.

Actually many of the rich start out by living well below their means as middle class or working class. They forgo a lot of useless consumer junk and generate surplus capital. This surplus capital allows them to take measured risks and build wealth. In many cases the secret to wealth lies in the expense rather than the income side of the ledger. People who flaunt their "wealth" by surrounding themselves with expensive consumer items are more often than not deep in debt rather than wealthy. There is a great book on this subject called The Millionaire Next Door by Thomas J. Stanley and William D. Danko. It was published in 1996. https://en.wikipedia.org/wiki/The_Millionaire_Next_Door

[JayJuanGee]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

I was thinking in the range of 1000 + coins to be a Bitcoin whale. 100 Coins is more like a dolphin. Me, a minnow.

I know that you and I have had variations of this kind of a conversation, and so I understand some of your personal circumstances - and surely, I believe that you had some bearish views about bitcoin that likely mentally prevented you from putting a bit more fiat into bitcoin.... and cannot really change those kinds of facts or even influence hindsight being 20/20.

Accordingly, there is only so much of our own cashflow that each of us can risk in terms of investment or dedication to investment - yet I am leading up to the point that anyone can be "rich" so long as they find ways to stress living within their means - and therefore dedicating a portion of their cashflow towards investment - and in hindsight we see that Bitcoin has proven to be a really great investment to turn previous minnows into dolphins - not by causing them to accumulate more coins, but instead allowing for a 10x or more increase in their BTC wealth, so long as they were able to hang onto a large majority of their coins through such BTC price appreciation process.

For example, the upwards BTC price pressure seems to be ongoing and in a kind of bullish status.. for those who can see it... Yeah, you never fucking know which way the market is going to go, and no one really wants to buy after the price has already done nearly a 19x in less than 2 years... but I am still of the inclination to believe that upwards price pressures are ongoing and the steepness of our upwards price movement, even though increasingly vertical has not yet gotten overheated... maybe I am wrong?  maybe I am wrong?  however, I am inclined to think that there could be another upwards burst - and sure maybe I should sell a few more coins in the next upwards burst - but it remains less than transparent, whether the bursts are over (seems less likely), we gonna get one more burst of 30% or so from here (seems decently likely), we gonna get another burst of 50% or more from here (fair chances to happen), we gonna get 100% appreciation from here (getting less likely to happen in this run) or gonna get another 3x to 4x from here (seems within the realm of plausibility but a bit of a long shot).

[Elwar]

...

I think the distinguishing characterisric to denote being "rich" is the source of income. Most people get their wealth through income. The rich mainly derive it from their investments. The choice of what to invest in thus affects society more than someone pulling an income.

Actually many of the rich start out by living well below their means as middle class or working class. They forgo a lot of useless consumer junk and generate surplus capital. This surplus capital allows them to take measured risks and build wealth. In many cases the secret to wealth lies in the expense rather than the income side of the ledger. People who flaunt their "wealth" by surrounding themselves with expensive consumer items are more often than not deep in debt rather than wealthy. There is a great book on this subject called The Millionaire Next Door by Thomas J. Stanley and William D. Danko. It was published in 1996. https://en.wikipedia.org/wiki/The_Millionaire_Next_Door

That is a strategy on becoming rich. Not what defines what is rich.

[Elwar]

Btc-e is back online . Just did password reset .
https://btc-e.nz

www.coindesk.com/is-btc-e-back-troubled-exchange-enables-user-log-ins-weeks-after-crackdown/

The article mentions an announcement on bitcointalk. Any idea where that thread is?

[elrippos friend]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

Good old Risto 

[JayJuanGee]

Btc-e is back online . Just did password reset .
https://btc-e.nz

www.coindesk.com/is-btc-e-back-troubled-exchange-enables-user-log-ins-weeks-after-crackdown/

The article mentions an announcement on bitcointalk. Any idea where that thread is?

At some point, BTC-e announced that people should watch out for scams, and that they would only post on twitter or through their bitcointalk account.  Mostly the twitter linked each of BTC-e's announcements after the shut down of the BTC-e site. 

This one is linking to bitcointalk chats:

https://twitter.com/btcecom

[Karartma1]

You might find the following spreadsheet so amusing and so interesting!
Bitcoin is becoming a giant among others
https://docs.google.com/spreadsheets/d/1TWKh5qfrvXywRV0jhTKjiK6LZTU8BkUbMhSvqqGeZ_8/pubhtml#

[Wekkel]

You might find the following spreadsheet so amusing and so interesting!
Bitcoin is becoming a giant among others
https://docs.google.com/spreadsheets/d/1TWKh5qfrvXywRV0jhTKjiK6LZTU8BkUbMhSvqqGeZ_8/pubhtml#

 It says 'error' on the line of crypto currencies.

[Karartma1]

You might find the following spreadsheet so amusing and so interesting!
Bitcoin is becoming a giant among others
https://docs.google.com/spreadsheets/d/1TWKh5qfrvXywRV0jhTKjiK6LZTU8BkUbMhSvqqGeZ_8/pubhtml#

 It says 'error' on the line of crypto currencies.

Sorry man, not my fault: it's not my spreadsheet. I hope the author will update, it's probably missing the corresponding data sources. 
But Bitcoin is there and it works

[olseh]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

The story is that he lost 700000 XMR worth about 20500 XBT on his Apple laptop. I am not a fan of Apple and its EULA's but this has to be a record for a click on "I agree".

Edit: I used GNU/Linux on a laptop that I bought from a surplus government auction to make this post .

How did he lose it all? Did the laptop get stolen? I've heard that he lost it all but never have learned how... regardless, that's crazy!

[ghandi]

Wall at Kraken with ~100BTC @ 4011€ gets eaten up, bite by bite

[Wekkel]

I think Risto has experienced a roller coaster in his head and some wild swings in his personal affairs. I hope this picture can be deleted from the Internet as it does no service to the man.

[soullyG]

Thoughts for the weekend? I'm hoping for $5k+ by the end of it  

$10 off new ATH on stamp right now....let's go!

[ghandi]

Wall at Kraken with ~100BTC @ 4011€ gets eaten up, bite by bite

Release the Kraken! It's gone!

[1982dre]

$4800 incoming with this speed. 

[drbrockcoin]

Here we go? Nice climb for past few hours