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

[erre]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.
  
 

The choice is easy indeed: just give me that 100k, and I will later decide what to do with it, a 50% all in gamble seems not the wisest possible decision. I would instead invest them in bitcoin.

[Meuh6879]

There will be a lot of hurt people who sold this year.

Well :
1) it's good for the supply, the flux ...
2) it's good for the network because we don't want this kind of holder ...

[Meuh6879]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

But I'm still all in.

Network (of money) is more safe than real life (printing money machine).
I'm with you !

[becoin]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.

You're missing something very important!

Bitcoin will change not only the world of Finance. Bitcoin will change the world of Consumerism! It will change how people think about what they consume! "Do I or my family really need this?" With Bitcoin there will be no more inflation to pay for your mindless consumption and seduce you into debt enslavement! With Bitcoin there will be heavy consequences for every consumption you don't really need! And that is excellent because planet Earth right in front of our eyes is rapidly turning into one giant waste dump!

[Meuh6879]

I prefer this ...   because of the crash, too.

+

  and i'm old, too.

[julian071]

Haha that looks expensive too!

Aaaand we're back @ 4k euro =D

[fluidjax]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Its like that game "Deal or no Deal", the best chance of a high return is always gained by going to the end and never swapping your box. But in reality its not always the best decision.

Another example, lets say you are fairly poor, and I gave you $100K, but  said your could win another $200k, on a 50/50 coin toss (Giving you a total of $300k if you win, $0 if you lose),
I don't think the decision is so easy.  
Your life is finite, so money now is sometimes better than a chance of more money the future, you just have to assess the amounts, probabilities and risk you want to accept.
  
 

The choice is easy indeed: just give me that 100k, and I will later decide what to do with it, a 50% all in gamble seems not the wisest possible decision. I would instead invest them in bitcoin.

Exactly, mathematically the best choice is to take the gamble, the odds (risk/reward) are in your favour.
But if that $100k  would change your life to a reasonable extent, you'd be crazy to take it.

And I think this thought process is directly applicable to people holding bitcoin.

[Lauda]

If you believe that it is 100% certain that Bitcoin will go up, then do it!

I did.

And spend the next X years, not enjoying the fruits of your capital.

Enjoying the fruits is for weak individuals who need *pleasure*.

Of course you might die before you cash out, and then you got no benefit from it at all.

I do not care.

But perhaps your youth means you don't believe in your own death yet.

Death or life is also irrelevant. The only thing that matters is Bitcoin.

There will be a lot of hurt people who sold this year.

Well :
1) it's good for the supply, the flux ...
2) it's good for the network because we don't want this kind of holder ...

Speculators are annoying, aren't they?

[becoin]

I can image other people saving their BTC to become rich. But I already feel rich, I just want to enjoy life right here and now.

Many people feel they are rich and all they have different ideas about life and different methods to attract attention of the opposite sex. The way you've chosen will not bring you too much quality!

[_javi_]

i remember from the old days that they said " 5 red candles on the 15m chart = dump"..

i hope it wont happen this time...

[savetherainforest]

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.  

He really seems to get off torturing other people for their incompetence.
He's the "in your face" guy!

[_javi_]

stop the ducati showoff... PLEASE!!!!!!! 

[aesma]

This guy accidentally flashes his stash and everybody loses their shit. I guess all the whales are over here.

9 BTC ? What a poor.

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.

Well if that's his income yes it's good. But it's his life savings. Of course in the USA life savings are often negative thanks to your love of credit cards and investing in houses made out of cardboard.

The median net worth of all Americans is $68,828. The median net worth excluding equity is $16,942 – which means equity is 75.39% of total net worth.

So holding 9BTC not in a flat/house puts him high, if he owns some part of a house/flat. If he doesn't own anything else, not that good.

I'm under 35, living in an expensive country with lower salaries than in the US, but according to these statistics I found my holdings excluding crypto would put me well ahead in the US, including crypto I would be set for retirement apparently.

Which doesn't make any sense, something must be wrong in the article : http://www.businessinsider.com/heres-the-average-net-worth-of-americans-at-every-age-2017-6?IR=T

Pensions must not be taken into account. In my country they wouldn't be because the system is socialized, so I can still compare.

[becoin]

Actually, I had a nice pic of me riding my bike on Happn, where I met my current GF. She thought that pic was not of me haha.

Doesn't that confirm what I've just said above? "Speed is all I need"... Who needs speed junkie? Another speed junkie. What happens when life slows down?

But she still became my GF, and has been for over a year now.

Maybe she didn't yet met someone that speeds faster than you?

[heartastack]

The fact that btc market cap is now many many multiples of the spot silver mkt cap is a monumental achievement. Now placing silver as the most undervalued asset globally and proving the power of the 'liquidity gods'

[aesma]

Only a few weeks ago we were talking about what we would be doing if BTC reached a certain point. For some it was 5000$, for me it was 5000€.

I said that I wanted to buy a used Porsche 911 convertible.

Since then, I've adopted a real bitcoiner stance I guess. Now I'm thinking that if I buy that car, one year later I might realize that the BTC I spent on it could now buy me a house.

So the Porsche will wait.

It doesn't mean selling some of my stash is out of the question, just that for the moment it has to be for a very good reason.

[soullyG]

Well, sort of glad I fell asleep when I did (around $4970), just in time to BTFD 

[xhomerx10]

Well, if you're smart you won't believe anything you read here

wait, what? including what you wrote?

[julian071]

Actually, I had a nice pic of me riding my bike on Happn, where I met my current GF. She thought that pic was not of me haha.

Doesn't that confirm what I've just said above? "Speed is all I need"... Who needs speed junkie? Another speed junkie. What happens when life slows down?

But she still became my GF, and has been for over a year now.

Maybe she didn't yet met someone that speeds faster than you?

I think you misunderstood. She doesn't care about speed. I do tho. I'm enjoying that before life slows down and I'm not able to anymore!

Of course you're right that one should make arrangements for when you're old. I have made those arrangements already tho.

To each his own I guess.  

[UnDerDoG81]

Goldman Sachs dump started already? Or just a small correction from 4970 to 4600?