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

[jojo69]

literally just rolled back in from vacation...could I please get an executive summary?

Bitcoin.  Doing bitcoin things.  Same old same old.  New level.

actually surprisingly helpful

I am not finding any "news" so it would seem so

imma go unpack, we'll see how it pans out

[elrippos friend]

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".

wtf has apple to do with it?

Probably nothing. As I recall, he had a bunch of people over and overlooked the most basic aspects of physical security. Then again, I may be misrememberating.

Not good to make fun of the misfortunes of others; however, I recall that Risto had some other drama a few years earlier, too... something about leaving his laptop in a conference room of a hotel and then the laptop went missing with thousands of bitcoins.  Isn't this a repeating theme with Risto, and if it were to happen once, then wouldn't additional security measures be taken in order to not have a similar scenario unfold a second time?

I think that is the incident to which I was referring. Though I think it was in the sauna at his place during an event with many invitees. I may be befuddled on the deets.

Actually, do you know how rumors can be evolve their own legs when they get batted around long enough, and it is like the game "telephone" where the last message is no where close to the first message.

It is certainly true that Risto has had a lot of drama including losing bitcoins, buying a castle, getting involved in monero, getting a divorce, being supposedly chased by the government.. and some kind of online gaming, too, so yeah, it is not very clear regarding the extent to which some of these stories might overlap, and he has been a bit of a drama queen, too, including some photos that he circulated on the internet of his personal circumstances, and even personal details that may or may not be completely true.

He has also had some incidents of health problems including psychiatric treatment, and I recall one time trying to suggest that he take better care of his health, because I saw a picture of him with a cigar and he looked really pale and unhealthy and lacking in athleticism - for a fairly young guy.

Anyhow, the laptop losing incident in the conference/hotel/sauna predated his getting involved in Monero, so if he really did lose a bunch of Monero, then that may have been a separate incident?

I believe that the hotel/sauna/conference loss, even though substantial, did not leave him in any kind of state of poverty, because, I think that he bought the castle after that with bitcoins... and maybe in the end, he tries to be a big baller and we know the expression that a fool and his money are soon parted... and if you are engaging in a lot of this kind of drama, then you are likely going to have trouble hanging onto wealth, unless you have someone managing your money for you, such as a trust.

Well, Risto indirectly brought me into crypto, so i am thankful for that. I liked Ristos math's and points he brought up, but as you say, the value of money also gains a certain amount of loss in your brain and personality. I feel with Risto that he likely never will see his kids again, has a wife who forces him to take medics like hell and that he is living alone in fucked up castle...

[JimboToronto]

@explorer:

Great minds think alike. So do ours.

Dinner at 2AM.  Another similarity 

Unfortunately, it might have caused me to miss buying under $4.6kUSD.

I wasn't about to jump up from a lovely moose roast dinner with a dear friend to take advantage of a borderline buying opportunity, although she did say I should run if I wanted to. "Go shopping" was her expression.

Now that the price is already up over $4.7k, I think I'll just follow her to bed.

[nanobtc]

I often enjoyed what Risto had to say, but I have not kept up. Looks like the G above middle C on his piano was broken.

[Ted E. Bare]

Who sold at the bottom?

[FractalUniverse]

Who sold at the bottom?

I sold at 3500 and am still waiting for a dip. does it count? 

[drbrockcoin]

@explorer:

Great minds think alike. So do ours.

Dinner at 2AM.  Another similarity 

Unfortunately, it might have caused me to miss buying under $4.6kUSD.

I wasn't about to jump up from a lovely moose roast dinner with a dear friend to take advantage of a borderline buying opportunity, although she did say I should run if I wanted to. "Go shopping" was her expression.

Now that the price is already up over $4.7k, I think I'll just follow her to bed.

You lucky dawg you

[jojo69]

Who sold at the bottom?

HAH!

not this time you smug bastard     

[rjclarke2000]

Why all the chat about Risto guys?

[x2666]

Why the dump?

Why the pump?

[Heater]

Why all the chat about Risto guys?

We miss him?

[JayJuanGee]

Who sold at the bottom?

Is that the 969th time you've posted that? 

Hahahahaha

Ted E. Bare does seem to have a few favorite posting themes.   

[YamashitaRen]

Theses exchange fees are killing me...
One good trade (good profit), three bad trades (buy/sell at same value), and here I'm lower than where I started...

[Karartma1]

Ok I will say it.
$7550 by the end of the year and $16000 by the end 2018.

I played a bit with the charts and did some pure speculation (imagined 2% of the world population using Bitcoin, ETFs approved and such).

It's always good to write down our goals. Sometimes we reach them

[jbreher]

One good trade (good profit), three bad trades (buy/sell at same value), and here I'm lower than where I started...

One silver moon and three sad kittehs.

It's a recurrent theme.  Ontogeny recapitulates phylogeny.

[Ludwig Von]

Who sold at the bottom?

Is that the 969th time you've posted that? 

Hahahahaha

Ted E. Bare does seem to have a few favorite posting themes.   

I bought some of the ATH, for a change of theme... .

[JayJuanGee]

Theses exchange fees are killing me...
One good trade (good profit), three bad trades (buy/sell at same value), and here I'm lower than where I started...

The trick is to try not to guess the short term direction of the market because that is nearly an impossible task; however, you should consider whether you believe we are in a bear market or a bull market - and even to have an assumption (hopefully based on knowledge) that in the long term, BTC prices are going up.


In essence, buy BTC on the way down and sell BTC on the way up; however, play with small enough amounts that you do not care if your sales get left behind -  so for example, I sell approximately 1% of my BTC holdings for every 10% that the price goes up, and currently I do it in $100 increments.  You can tweak these increment matters or amount that you play with and work out a system that works for you, but your increments have to be sufficiently large to pay for exchange fees, so generally if the fees are .2% on each end, then your total fees are .4% to perform a buy and a sell.  There are not too many reasons to create buy/sell increments that are less than 1% (unless maybe you are just covering a mistake that you made - like when you had accidentally bought when you meant to sell or the opposite) because even with a 1% profit, your real profits after account for the fees would only be .6%.

[Wekkel]

Looking at history, we are not in 2013 bubble territory yet. Just sit tight.

[Last of the V8s]

the fud farms have run dry for now
the shelves in the exchanges are increasingly bare
hold on to yer space helmets

est. time for liftoff: after croissant/coffee Monday a.m.

[becoin]

Whoever dumped, many thanks for the cheap coins. Keep the good work!