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

[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?

[Denker]

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.

Good decision you've made. Bitcoin will buy you several porsche in the future! And when you have to sell some significant amount of your holding, just for a car, to be honest that would be pretty dumb!!
Hold for at least 12 months after next halving and then decide if you want to sell some or all. To have the patience until that point will be absolutely worth it!!

[becoin]

Bitcoin is money. People don't really need money but the stuff they can buy with that money. If you really need something then don't hesitate, buy it. By selling part of your bitcoin stash you help other people buy their first bitcoin. The more people have bitcoins the more valuable is every bitcoin that is still part of your bitcoin stash. If nobody sells their bitcoins it will appreciate too fast and other people will decide bitcoin is too expensive and they'll buy altcoins!

[sirazimuth]

Who sold at the bottom?

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

One way to get post count up I suppose...

[RealMachasm]

MEMpool is empty !

Does that mean that fees will begin to drop since there is little to no backlog?
I assume that miners will be happy to include a transaction with a smaller fee than none at all?

[LFC_Bitcoin]

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

Correction in my opinion, you've been around long enough to know that retraces always follow significant upwards price surges. 

[JayJuanGee]

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

<gribble> Bitstamp | Total bids: 46034286 USD. Total asks: 1994 BTC. Ratio: 23074.89489 USD/BTC. | Data vintage: 0.0156 seconds

The buy side is hitting record highs every other day. I can't possibly figure out why someone would want to sell significant sums at this point, unless they're trying to game the market. There will be a lot of hurt people who sold this year.

I think some people have preset exit points, such as when it reaches just under $5k, I'll sell x% which will allow me to say buy a car, or pay off my mortgage.
People have learnt from previous points ($1k) and decided to set their price point slightly under the round figure of $5k, I bet when we get near $10, people wil  have learnt from the $5K dumps and start even earlier.

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.

It is good to take some profits along the way, and whether you use that money to buy back in or to buy a new car is up to you.  Accordingly, we are approaching 20x profits in less than 2 years, and it would be less prudent not to take a little bit out.  I personally believe that it is a better practice to deal in increments rather than engaging in a large chunk, but I do understand that taking a large chunk would be more manageable.

Let's say, for example, that someone bought $10k worth at $250 and never took any profits.  At today's price, that would be about $190k... anyhow each of us have our thresholds, and I could appreciate if people decide to wait, also.

[MinermanNC]

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

Lol, ya same here. Was going to sell a little for a trip tomorrow, but was to tired. Now I wake up and its all gone 

Well was worth more to sell last night than this morning......... guess ill wait now and hope it recovers some.....

[Meuh6879]

Bitcoin is dead. Again. Right ?

They try to suck the rise ...





But the don't have enough PUNCH !

[YamashitaRen]

I don't know but swings are getting smaller and smaller.
Bitcoin will soon have to choose if its want to go up... or down.

[savetherainforest]

I don't know but swings are getting smaller and smaller.
Bitcoin will soon have to choose if it want to go up... or down.

Well... basically with time the amount of volatility will get drastically reduced. And the only way will be up. And the thought of a "bear market" for me that is a notion that will happen in 20-30 years. So for now, we are good. It is normal.. natural almost.. this progression is good! The poor folk got their winnings when there where swings of 50% .. and now the rich folk get theirs at 1-2% swings. There will be a time when the price will be harder and harder to move without some kind of trader consensus.