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

[404Revolution]

lmfao ===> https://www.youtube.com/watch?v=DebXX7naIr8

MaxKeiser is a cuck, I don't understand how anybody can like him. Does nobody remember MaxCoin?

He used to shill MaxCoin constantly on his RT show, sold it for several dollars a unit. It's now 63 satoshi on coinmarketcap.

Anti Keiser Coin https://bitcointalk.org/index.php?topic=491256.0 is basically the same fucking value.

Max's voice is annoying as hell, he's like a loser teenage geek who got a talk show. I don't ever hear him make any interesting points on the rare occasion I listen to his show. There's no Brilliant Intelligence there.

Peter Schiff says at one point "Could Bitcoin drop to $10, $20? Could it go to $10,000 first? Sure!" At least he stands behind his position and puts thought into it, acknowledges room for error.

Max is just a dirty rat with a goofy smile.  

[Elwar]

I agree with Schift on the problem, I don't entirely agree with him on the solution. Gold would need to be digitized in order to be useful in today's economy.

The way I see it:
Long term storage of value (10-50 years): gold
Modern long term storage of value (5-10 years): Bitcoin cold storage (cryptosteel, redundant backups, safe deposit box, etc)
Medium term storage of value (<1-5 years): Bitcoin cold storage (paper wallet, trezor, etc.)
Short to medium term storage of value/spending: hot wallet (breadwallet, blockchain.info for monthly spending, etc.)



Sadly enough, less and less people agree with Schiff on the problem when that is the whole point of Bitcoin.

[Karartma1]

Elwar a question out of curiosity: why don't you consider Mycelium, Electrum, Bitcoin Core etc. as good short term solutions?
I would not suggest to use blockchain.info as a hot wallet.

[ghandi]

FOMO? Fundamentals?

[BlindMayorBitcorn]

FOMO? Fundamentals?

[jojo69]

394x

[JayJuanGee]

FOMO? Fundamentals?

Don't jinx a good thing, BMB!!!!!        



You almost already single-handedly brought the whole bitcoin price to a bear status with your previous pants request stunt, and your subsequent selling your stash at $3k-ish.  

 

[vit05]

How long until 4k? 10 minutes, 1 hour?

[BlindMayorBitcorn]

FOMO? Fundamentals?

Don't jinx a good thing, BMB!!!!!        



You almost already single-handedly brought the whole bitcoin price to a bear status with your previous pants request stunt, and your subsequent selling your stash at $3k-ish.  

 

I stuck a hundred buck on my BitPay card. I tend to be a bit overly dramatic.

But there's no excuse for the pants thing and I'm sorry.

[BlindMayorBitcorn]

397x

[toknormal]

Stop pretending that gold and silver used in native coin format haven't been used as money for thousands of years...Also, stop pretending bitcoin allows you to do anything that metals don't

goldmoney.com blockchain isn't gold. It's a gold derivative, no different from credit.

When you "hold" gold-backed blockchain tokens you're not holding gold, you're holding credit. When you trade them you're not trading gold, you're trading credit.

So bitcoin does indeed "allow you to do something that metals don't" which is to hold a genuine bearer token. That's something gold used to be in the days of physical markets but is no longer capable of since it has a slight problem with travelling through wires.

What Schiff & Co Gold & Silver people fail to recognise is that gold gained its value through monetary function, not intrinsic value. It essentially represented a physical bitcoin of the day. During the latter part of the 20th Century, however, the bulk of the world's trade and monetary exchange volume migrated to electronic platforms which left precious metals crippled in terms of monetary function - totally illiquid.

With bitcoin you can both:

 • hold it

and

 • exchange it with a trading party on the other side of the planet in 20 minutes

That is "monetary function" and it's something that no precious metal can compete with which is why during 5 years of the worlds biggest fiat money printing exercise when metals had the biggest open goal they've ever had, they were left standing with their underpants around their ankles while bitcoin skyrocketed.

[SERVERIA]

Look like we're going back up into 4xxx shortly... 

[JayJuanGee]

FOMO? Fundamentals?

Don't jinx a good thing, BMB!!!!!        



You almost already single-handedly brought the whole bitcoin price to a bear status with your previous pants request stunt, and your subsequent selling your stash at $3k-ish.  

 

I stuck a hundred buck on my BitPay card. I tend to be a bit overly dramatic.

But there's no excuse for the pants thing and I'm sorry.

Well, I am glad that you hung on to a few coins, in order to share with the rest of us HODLers and "BUYDL on the dippers"..

Accordingly more than 30% bounceback...  from $3k and approaching $4k...  Can't be complaining about that, and maybe bring us out of the correction phase... at least if you believe that we are NOT going into a bear market, yet...  and possibly we can now conclude that the bottom of that harsh correction of more than 40% from $4980 to $2972 could be "in"... 

It was rough. 

I had buy orders staggered down to $2500 - and I was getting worried and was going to have to go into a "manual" mode, if prices had gone below all of my buy orders, which was looking "touch and go" there for awhile.  This bounce back had given some additional strength to my holdings......  gotta feel good about that.

I really am not surprised by a 50% correction - however, I was thinking that we are not quite ready for a 50% correction yet.. we seem to have at least one more leg up above $5k first, and we likely need to achieve a bit more exponential.. and then 50% and possibly even more 60% or 70% would be within reasonable expectations.. but with a starting point in the $6500 plus arena...

No one really knows, so it is not unusual to experience a price move that was not expected..... but feeling like decent chances of up from here... perhaps?
 

[ihsanskanzaone]

it is better to make a better graph and where the bitkoin direction for the next few years or
to predict the amount of the price and the bitkoin enthusiasts each year so that the bitkoin
users can increase and can influence the exchange rate of bitkoin

[Last of the V8s]

Any good place to get instant news about btc, like app or twitter? I usually follow the market at bitcoinity, and have done so for years, but most of the time I have no clue why lots of people decide to buy/dump all of a sudden.

Thanks

good - no
instant - no
no clue - nobody else has a clue either
lots of people - sheep
all of a sudden - emotional reaction

app - search for whalepool and for bitcoinmumble. do not trust the apps, or the people there, or the nsa not to know what you're up to
twitter - cnLedger, bloody Jihan Wu, satoshilite, we rate dogs

[CistaCista]

For the next ATH contest, I am picking 13/12 2017.

[Sukovsky]

Why are you making a list lime that when we're about to make another sub 3k run. A deep one that is.

[Dotto]

Chinese must being in a FOMO like posseses. What a gubermint of r0achs, LOL.

Chinese friends, dont let the PBOC make you poor. Bypass that mdfk. Hodl your coins

[DeathAngel]

$3981 on Stamp, looks like the storm has blown over & we're nearly back to the $4000's. China bull shot has been dissolved.

[sgk]

it is better to make a better graph and where the bitkoin direction for the next few years or
to predict the amount of the price and the bitkoin enthusiasts each year so that the bitkoin
users can increase and can influence the exchange rate of bitkoin