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

[jbreher]

Why should I buy something if my currency is more worth tomorrow.

Because you value access to that thing today.

[sgk]

OK, I am here. Where is my daily dose of Chinese FUD?

[BlindMayorBitcorn]

Why being anon? You're in an hotbed of human rights (however they define them).

We buy our shitholes prefab from the same factories you get yours. We're really not that special.

[profitgenerator212]

I think price will go down to 2000$, I'd not buy into BTC until 2500$. I think this is a sucker's rally those who buy now above 3000$.

[Meuh6879]

Why should I buy something if my currency is more worth tomorrow.

Because you value access to that thing today.

[empowering]

Can anybody explain to me the huge price difference of 500$ between China and USD? Is the market this inefficient?

No need of explanation, just arb some 

Good luck getting fiat onto a Chinese exchange for that arb play

[empowering]

 

but I needs me some uncertainties for my doooms


 

[Last of the V8s]

[empowering]

Good for a laugh

[Wekkel]

Bitcoin obituaries rising again: https://steemit.com/bitcoin/@wekkel/bitcoin-bashing-will-it-ever-stop
And a positive message: http://www.safehaven.com/article/44720/why-will-bitcoin-succeed-how-about-saving-140-billion-in-bank-fees

[Mythul]

FOR THE TRUE OLD SCHOOL HODLERS. MEMBER THIS?

[moneymaker11]

lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.

[ragnar0k]

How is it possible to have a gap between $ and CNY of almost 1000$?
I might get worried for when China wakes up...

[ragnar0k]

lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.

Spooky. We posted the same question in the same second 

[gentlemand]

lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.

One market is alive. The other is soon to be dead. I'll assume the living market is the relevant one.

[ragnar0k]

One market is alive. The other is soon to be dead. I'll assume the living market is the relevant one.

Fair point - probably the demand for bitcoin on those exchanges has gone down drastically
Wonder where China will spend money later today, maybe we'll see KRW or JPY explode?

[Meuh6879]

And a positive message: http://www.safehaven.com/article/44720/why-will-bitcoin-succeed-how-about-saving-140-billion-in-bank-fees

Let me cherry-pick a few key points:

1)    Global payments revenue (fees on debit & credit cards, wire fees etc.) accounts for 30-34% of bank revenue—so this is a BIG chunk of their revenue.

2)    In 2016 that revenue was $1.8 Trillion, (with a T) (page 4).

3)    “Outstanding balances on transactional accounts exceeded $27 TRILLION (my emphasis) by the end of 2015, their highest level ever.” (page 6)

4)    “North America continues to derive nearly half its payments revenues from credit cards – far more than any other region – and has a significantly lower reliance on account-related liquidity.” (page 11)

5)    “The average cost for a bank to execute a cross-border payment via legacy correspondent banking agreements remains in the range of $25 to $35, more than 10 times more than for average ACH payment” (page 21)

6)    “reduce the overall cost of cross-borders for banks by up to 90 percent, [you can reach] a target cost of $1 to $2 per transaction or a total cost reduction for banks of up to $140 billion.” (page 22)

[Kraken-Septimus]

Now if only we could get our $1700 from Kraken that is lost in limbo.  They said that they sent it to our bank but we haven't received it and they are not communicating well about it.

Hi BitChick. Please escalate your ticket using this form posted by Dargo.

Thanks for your patience.

[jojo69]

FOR THE TRUE OLD SCHOOL HODLERS. MEMBER THIS?

snip choochoo gif

fun fact, train in pic is full throttle toward 2051 Constitution Ave NW, Washington, DC 20418

[JayJuanGee]

I just sodl some. Profits are profits.

Just bought some before this morning's rise. Profits are profits and I prefer to take my profits in Bitcoin.

You win.

Of course, you gotta stick to the strategy, even when it seems painful, and SODL on the way up and BUYDL on the way down.   Don't SODL nor BUDL too much because you don't wanna run out.


Most importantly, if you suffer from any anxiety or doubts..... HODL.