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

[600watt]

bitcoin can stay in oversold territories longer than you can stay astonished...

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[Denker]

Do we know when LedgerX is launching??
What do you think could be the impact to BTC's price?
As far as I know naked shorting won't be possible. So this means fresh money coming in, in a bigger scale, which could push the price even further, in the long run.

[vroom]

Do we know when LedgerX is launching??
What do you think could be the impact to BTC's price?
As far as I know naked shorting won't be possible. So this means fresh money coming in, in a bigger scale, which could push the price even further, in the long run.

the last thing I heard was "not before 5th october"

[savetherainforest]

Going to say right now that the alts will rally pretty quickly after this stream of blood settles.

I hope so, Im way too heavy in alts... stooopid stooopid stoopid

We need to divide all our wallets in smaller wallets and hide them in cold storage all over the world in our safe places.

Danger is coming!    

[Denker]

Do we know when LedgerX is launching??
What do you think could be the impact to BTC's price?
As far as I know naked shorting won't be possible. So this means fresh money coming in, in a bigger scale, which could push the price even further, in the long run.

the last thing I heard was "not before 5th october"

OK so about a week ago! LOL
Well I hope we'll get some information soon.
Together with an official chinese regulatory framework for Bitcoin and crypto trading... man who knows how wild price could go!!

[JayJuanGee]

actually I am 95% in btc now, thats why I feel the need to buy some silver tomorrow

maybe a stupid move, maybe not..

going to buy scrap (spoons, forks etc..) for scrap value 0,30 eur / gr. Those can easily be sold if needed for a profit.. I am not touching any silver coins / bars or whatever. Scrap is the way to go in the silver game

95% in BTC!! If I had the stomach to take that kind of risk, I could have retired by now.
Silver isn't a bad hedge to your position. But I don't know why you are allergic to bullion.

I did take that risk. Was actually more than 100% in at one point, and underwater. Now I'm financially independent at 35. Good times.

If you are so financially independent (supposedly), then why would you give a ratt's ass about whether bitcoin makes a 10% correction after you had sold a little today and skim a few profits off the top.  

In other words, you are contradicting yourself to suggest that you are financially independent and then to be worried about BTC price dropping a bit in order that you can buy some more after you sold.  

You didn't, apparently.

I am not suggesting that I am any kind of diety.  All I am saying that if you sell on the way up, then that is what you are doing, insuring your holdings.  Yeah, bitcoin went up another $1k, so was not a great place to sell, so maybe there is a mistake in there and maybe you should have sold a smaller amount.  I don't know if there is any kind of exact learning situation here, because you are the one who sold a significant amount while the price is breaking through a resistance point, and then expecting a 10% correction.... just seems odd and contradictory.. or at least in tension with what usually can happen in these kinds of situations... which is UPPITY... as we saw today.. Oh my!!! Oh My!!!  It's been quite a day, and really does not seem to be overwith any time in the near future.. we may have another week or two of this.. and maybe we will get lucky with a bit of cooling off in order to allow for greater upwards.. but really it is difficult to determine (or predict) for sure, and that is why we should be skimming small amounts in times like these... or just HODLing... I personally believe it is better to skim some, just don't skim too much otherwise perhaps regrets or too much hoping for a 10% correction or whatever.   

[JayJuanGee]

I don't know about you guys, I think I'm a bad person.

I am really enjoying the butthurt of nay-saying late adopters on other (non BTC) forums I frequent.

Tastes sweet man.

I sometimes enjoy reading the posts of readers following a bitcoin article in some msm outlets. they hated it and didn't get it when it went over $100. the hated it and didn't´t get it when it went over $1000.  they just do not see the technology breakthrough part.
this helpless, clueless ignorance is sometimes entertaining.

disclaimer: I was clueless and ignorant myself when the internet started. if thought it was a hype and hated it. couldn't´t grasp what a "browser" was.  when the internet bubble started I was one of the last fools to burn my fingers.  but I did figure out what an idiot I was and decided to not let that happen again. when I discovered bitcoin I knew I would not let this one go by due to ignorance. learnt much about bitcoin and hodling in this forum. thank you all. without this forum I would not be in the position I am.

Yep.. this forum and this thread has been a great place for inspiration and up to date knowledge sharing.. etc.. etc..

[600watt]

I just read in the local news that there is a new exhibition in my town about the first hodler, Ferdinand Hodler a swiss painter

https://en.wikipedia.org/wiki/Ferdinand_Hodler

Hodler designed controversial currency.

look what he painted:




THE BULL

[Meuh6879]

MEMpool is ... a little hard to manage.  Be carefull of your fees ... !

[JayJuanGee]

I have mixed feelings about the rise. I locked in my retirement at a lower price. So now I'm not "as rich" as I could be. Best to stop thinking about the "what ifs" and just be happy. Strange feeling though.

Taking your original investment out or some profit off the top is never a bad thing. That's smart. But going all out 100%?

Man Elwar, you gotta realize that if Bitcoin can go to $5400/btc and 99.9% of the population still hasn't bought any yet, then surely you know it'll hit $20K or $50K one day in the future? You gotta keep some in, dude. If you don't then you might be regretting it years down the road.

Oh no...not 100%. Maybe half.

Sometimes I feel like I am selling too much because I have so much cash piling up... however, I have only sold about 10% so far... so that 10% could come in handy if there is a 10%, or 40% or 60% drop... even though it seems that we are going UP before we go down, yet it remains quite difficult to know when the next decent drop is coming.. maybe we can get to $6800 to $7600 on this one and seems like even more could be possible on this one... so fricken bullish... seemingly.

[JayJuanGee]

How much new money is needed for every 100$ up in price ?

I'm not saying 10K is impossible but so fast, I don't see how.

Considering the matter in percentages is much more solid than getting caught up on absolute numbers or supposed psychological barriers with some absolute numbers.  So $100 price change meant a whole hell of a lot more two years ago when prices were in the $200s to $400s.... so that would have been 50% price changes or 25% in the $400 scenario... Now, we are talking less than 2% changes for every $100... so $100 swings become common place - even though $1000 swings are still a pretty decent percentage change, especially in a day or two, which surely happens and will happen more if prices continue to rise.. ..

$10k is looking more plausible in the coming 6months or less... maybe even 6 weeks - though I gotta try to keep some of my cool and not get overly excited about these kinds of number possibilities in the near future.

[Samarkand]

Where the fuck is all this money coming from ?!??

I think it might be swap positions through LedgerX. They will be in btc only.

Is registration for LedgerX even open yet?
Besides, opening an account is heavily restricted as of now. Just look
at the criteria you have to fulfill in order to start trading at LedgerX:

In order to participate on the LedgerX platform at launch, Participants must currently:
Be an Eligible Contract Participant as defined by the CEA
Be US-based and US-banked
If an entity, have two representatives for authorization purposes

If you are not based in the US you are basically unable to open an account.

[leowonderful]

I don't know about you guys, I think I'm a bad person.

I am really enjoying the butthurt of nay-saying late adopters on other (non BTC) forums I frequent.

Tastes sweet man.

I sometimes enjoy reading the posts of readers following a bitcoin article in some msm outlets. they hated it and didn't get it when it went over $100. the hated it and didn't´t get it when it went over $1000.  they just do not see the technology breakthrough part.
this helpless, clueless ignorance is sometimes entertaining.

disclaimer: I was clueless and ignorant myself when the internet started. if thought it was a hype and hated it. couldn't´t grasp what a "browser" was.  when the internet bubble started I was one of the last fools to burn my fingers.  but I did figure out what an idiot I was and decided to not let that happen again. when I discovered bitcoin I knew I would not let this one go by due to ignorance. learnt much about bitcoin and hodling in this forum. thank you all. without this forum I would not be in the position I am.

Yep.. this forum and this thread has been a great place for inspiration and up to date knowledge sharing.. etc.. etc..

There's no better place to escape the trolls (mostly) and get up to date information without rampant censorship like sometimes seen on Reddit. The forum has always been friendly and reliable and it's going to stay that way. Sometimes people do not see things from all sides and that's probably what happened to people that didn't get why Bitcoin went over $1000 the first time.

[JayJuanGee]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

[chichidori]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

I believe so too, but we may see bitcoin hitting 6k before december if china pushes through in licensing exchanges, japan are now one of the biggest single pair volume on bitcoin with license issued to 11 exchanges.

[sirazimuth]

On my ride to work on NPR
BBC World News reporting.....
"Bitcoin reaches another ath, breaking thru $5700".....

Soooweet!! ...Music to my ears...

[soullyG]

And "down" again to 5500 :-/

Where are my 10.000 USD

there is no such thing as straight up, and getting $1k in 24 hours is about as straight up as you are going to get, so we gotta expect some pause from that, no?

I like your new succinct style JJG!

[buyandhold]

New floor - fifty four. Bingo!

[valerie_zurich]

Bitcoin is reaching all time highs for the second consecutive days. Can the market's sentiment remain bullish? Come comment on our daily chart segment.



Chart source:
https://cryptocoincharts.info/pair/btc/usd/bitfinex/2-days

[Raja_MBZ]

Going back to $5000?