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

[Meuh6879]

Actually, very low fees ... no ? 

[leowonderful]

Actually, very low fees ... no ? 

Funny how things like this are forgotten when price is a temporary thing. Didn't we just fight for months trying to get a scaling solution in? Guess we're starting to just take this for granted now...

[Karartma1]

Actually, very low fees ... no ? 

Why? Are you in a rush of moving your Bitcoin around? 
Mine are sitting safely next to a fireplace, drinking the finest scotch whisky while discussing what the price will be on December 25th.
No need for low fees when coins stay safe and secure. This price is nothing compared to what it will come. Et tu le sais 

[64dimensions]

Comments(bullish):

0) We haven't seen all the well off countries get BTC fever. It would be interesting to know if CALPERS is considering BTC exposure.

1) The Equifax hack will be another avenue for the "BTC store of value" argument given now how widespread our credit information is in the wild. BTC is years ahead in providing a safe storage solution for money. At this point would you trust a bank or a properly maintained BTC wallet to store cash?  Decentralization now is another benefit because hackers are hacking accounts a few at a time as opposed to millions a pop.

2) Somebody from the CBOE put it pretty concisely after all the Dimon FUD, people want exposure to BTC.

3) Dimon's squawk was an indicator that big banks have long term problems. The problem with BTC and altcoins is that there are low barriers to entry and I don't think a banks business model can make money off of blockchain technology. Already, there are the pieces laying around that do in total what big banks already do minus the overhead.

[btcbeliever]

Had to sell a bit to cover Q3 taxes and equipment. I hate selling on a dip, drat....

A sign of being overly invested.. in other words, you do not have your expenses projected out on a long enough timeline in order to provide you a large enough float.. whether that float needs to be $1k or $10k or $20k is something for you to determine ( but seems like you don't quite have it down, yet). 

I tend to project my expenses out a minimum of 6 months and frequently into the 18months or more timeline... so a lillie dip like this (and only for about 2 weeks) has not been going on long enough to cause anything close to cash flow pressures - Sure, if it goes on for 6 months or it goes down another 50%, then that could be another story for me, and I would want to start adjusting now for what could happen 6 months from now so I am not selling at the bottom, if that were the case.

hello JayJuanGee,
How do you know it will go down for 6 months or another 50%, before such event happens?  I have what I hope is a float of at least 4-6 years, which seems reasonable since we were in a prolonged bear market after 2013 and we should assume that history will repeat...  How do you avoid forced sales with only 6-18 months of float, based on the 2014-2016 bear market?

By the way I wish I could be confident about holding less float in fiat, but just a correction of a couple of weeks messes with my head since I decided to resign from my regular job/steady income since I became a high net-worth bitcoiner.

[savetherainforest]

Personally I am still bored AF  

Bored? Put your life savings into Doge

Nah - I am bored- unimpressed ,but not suicidal

Have some fun with some ICO's.

i am having fun now

(Had  some serious ICO fun too gotta be said )

You really seem like a bored person.   ... I suggest building a rogue military base under your house for fun and launch ICBM's from remote installations to all your enemies from time to time.

[abercrombie]

is crypto done??  

Bitcoin tied to Funding North Korea (CNBC)

https://www.youtube.com/watch?v=4z401vv_3S4

[AlexGR]

is crypto done??  

Bitcoin tied to Funding North Korea (CNBC)

https://www.youtube.com/watch?v=4z401vv_3S4

LOL...

https://en.wikipedia.org/wiki/Mining_in_North_Korea#Gold_mining

In gold alone the nation is estimated to hold around 2,000 metric tonnes of reserves, which at a gold value of $1,200/ounce, would give a total worth of $84.6 billion. Other available resources include iron, with 5 billion tonnes of 50% iron-content ore in reserve, nickel, with 36,000 tonnes of the pure metal, and zinc metal, with around 21,100,000 tonnes.[1]
...
In addition to its metal resources, North Korea is also abundant in coal and limestone (with 100 billion metric tonnes), valued at some US$9.7 trillion.[7] In particular the purest form of coal, anthracite, is especially abundant, with reserves of over 4.5 billion tonnes,[1] which at $143/tonne would be worth $644.8 billion.


Ban ores and metals

[JimboToronto]

A very late good morning Bitcoinland.

I missed this morning's bottom but I did catch last night's dip. Now it's back up a little... currently $3885USD/$4740CAD (Bitcoinaverage). AltcoinCash is also continuing to fall, albeit a bit slower... currently $505USD/$616CAD (Coinmarketcap).

I'll wait with my remaining bit of spare cash to see if it bounces back up after hitting everyone's favorite Fib, or if it continues down a little more.

The FUD storm has been impressive these last few days. We all know they love to jump on any correction or other dip to pull out their best FUD to try to fuel a panic.

First it was the PBoC protecting their citizens against IPO scams, as if that had anything to do with Bitcoin. Then it was a single unsubstantiated report from a "source" that China was shutting down all the exchanges. Yesterday it was Dimon calling it a fraud and triggering another round of anti-Bitcoin articles in all the mainstream media. Today it's all about N. Korea mining and keeping a secret stash to avoid sanctions.

What will it be tomorrow? Let me guess. Kiddie porn? Drugs? Money laundering?  

I'm amazed that even some more experienced posters here have joined the flock of bears (baa baa). You'd think they'd see through the crap. How many times do we have to go through this before we learn.

Anyway, thanks to all the panickers for the cheap coins.

[krizniq]

is crypto done?? 

Bitcoin tied to Funding North Korea (CNBC)

https://www.youtube.com/watch?v=4z401vv_3S4

are you on drugs or something?
or just dumb?

[lemmyK]

as i told you all yesterday:  american * diots will do dawn your BTC   .. congres neocons .   ZH was told it.. long time ago

iam not funny too.. bleeding on eth ..badly  

[0rganic]

is crypto done??  

Bitcoin tied to Funding North Korea (CNBC)

https://www.youtube.com/watch?v=4z401vv_3S4

Maybe the corrupt bitch has a book to promote.

[JimboToronto]

Ban ores...

You mean metal precursors?  

[xhomerx10]

From what I have seen, it seems as though the skyward shots are directly preceded by two or more weekly red candles.  I think it's time to strap in again. HODLn'!

edit: sorry...cant attach an image since I'm on an old tablet with bad memory (both of ours)

[Wekkel]

Ban ores...

You mean metal precursors?  

No, pet rocks. Probably a fad too according to a certain bank CEO.

[El duderino_]

What About we all buy a few btc stash right now.... and whatch champions league football

[AlexGR]

Ban ores...

You mean metal precursors?  

Yep, but non-metal as well

I'm not 100% sure on the english definition but the greek root (we call them OPYKTA, pronounced as o-ree-ktah) definitely includes both, so the word itself also includes stuff like sulfur, coal, etc.

Coal is very big in N.Korea... yet total bitcoin mining, if calculated at 4k $ per BTC x 14 BTC per block (including fees) x 144 blocks per day x 365 blocks per year, is just 2.94 billion usd per year. If N. Korea had, say, even 10% of the global btc mining power, that's peanuts (=294 million usd) compared to their mineral wealth that is well into the trillion-dollar range, and doesn't require buying ASIC hardware from foreigners. It's stuff that they can get out of the ground with low-tech means. It's all bullshit stories and fake news floating around.

[Rumipl]

Let's hope that 3800's will hold.

[Odalv]

Sold it all at $3800. See you at $1/BTC suckers!!!

My bitcoins are only worth 2% more what they were 1 month ago.

[Wexlike]

wtf!