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

[yefi]

3 million?

With 200 000 euros, at 6% yearly interest rate (stock market), this gives a yearly interest of 12 000 euros. This is actually the same as my yearly expenses. So i could stop working right then.

With 400 000 euros, at 6% yearly interest rate, that is 24 000 euros per year. 2000 per month. Double of what i am spending now. So that would be very comfortable living. (+ another 10k yearly to spend from 70-110 years old so i spend everything)
With 500 000 i would have 100k to burn in addition.  

btc x3 please in next 10 years

Now, to buy useless status symbols, i am much too greedy for that. Hm. Perhaps it's not so useless for the women. But will buy plastic surgery instead.

The calculations presented need to take inflation into account. Also, the stock market can not only fall short of your annualised returns, but destroy your wealth.

I do think $3 million is excessive for someone around 50 though. I'd have thought $1 mil was more than sufficient to retire.

[cAPSLOCK]

wave 5 complete?

Careful...

[yefi]

Ouch.

https://twitter.com/btcvix/status/924731726282280960

No more silk sheets for him. Welcome to the world of sleeping on floorboards.

[afbitcoins]

[conspirosphere.tk]

muh corREKTion has arrived, finally. 

still waiting for muh correction.

https://pbs.twimg.com/media/DNKcnEEUEAAa6dY.jpg

https://pbs.twimg.com/media/DNKoHReUIAEmEdu.jpg

[oblox]

muh corREKTion has arrived, finally. 

still waiting for muh correction.

https://pbs.twimg.com/media/DNKcnEEUEAAa6dY.jpg

https://pbs.twimg.com/media/DNKoHReUIAEmEdu.jpg

How's that working out for you?

[LewisPirenne]

I think the lambo memes are reserved for the ETH or ALT thread now.  I am pretty sure that some of us can afford Bugatti by now...

As for the Bithumb BCH pump, $1 billion trade volume on one exchange in less than 24 hours and 2.2 million BCH traded is fishy as heck.  I am not sure that there is even 2.2 million BTC out there on the exchanges and not sitting in some cold storage/wallets/wallet-service-providers or simply lost.  It reminds me of OKCoin shenanigan.  Though they do have those chaebol kids in South Korea, who are even more outrageous than those "fuerdai/guanerdai" in China.

[BlindMayorBitcorn]

It's too easy to get carried away.

[Last of the V8s]

It's too easy to get carried away.

[sirazimuth]

I wouldn't buy a Lambo even if I had $1 billion. I never liked these types of cars, or their drivers (usually)...

I would REALLY like to have this though:

You and me both, my friend.
Don't own one yet, but I did buy/hodel the stock @ $37.00 .(lucky guess tbh)
My best investment apart from  hodeling you know what. BTC

[Torque]

Warren Buffet explains that Bitcoin is a real bubble that will burst soon:

https://www.reddit.com/r/Economics/comments/79c3b5/warren_buffet_explains_that_bitcoin_is_a_real/

Buffett is also a hypocrite.

Slams precious metals as being useless (and not a value producing asset), then takes one of the biggest Silver long positions in history back in the late 90's.  

[DonQuijote]

2 days..

Predicted Price Range for the End of October:
Below $3,000   - 14 (4.7%)
$3,000-$3,500   - 6 (2%)
$3,500-$4,000   - 9 (3%)
$4,000-$4,500   - 28 (9.4%)
$4,500-$5,000   - 49 (16.4%)
$5,000-$5,500   - 44 (14.7%)
$5,500-$6,000   - 45 (15.1%)
$6,000+   - 104 (34.8%)

+6k is winning

[JayJuanGee]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

AltGodl is up too, currently $108

And for those that were smart enough to dump BCH coin for .16 of BTC you're already over $7k 

There is NO exactly correct answer regarding this.  There are probably quite a few people who did not get .16 BTC per BCH  - so yeah, that might be lucky  more than mere "smarter."

Initially, when BCH issued, I had thought that anything above .06BTC would be pretty decent - yet for some reason there has been enough ongoing pumping and dynamics in BCH that have allowed much better prices over a fairly decent period of time that should have allowed the willing (or capable, or fortunate) to be able to figure out ways to liquidate all or part  of their BCH for BCT.  Currently, it is appearing that .06 to .08 BTC for each is achievable, but yeah the accumulation of these seemingly crap coins by miners could cause someone to wonder whether there is any decent chance that those miners are, at some point, going to be able to off load their accumulated coins, or are they just stupid-asses who are going to end up losing more and more value - when they could have cashed out at much higher prices (as compared with the current price).   

I personally still retain less than 10% of my original BCH stash - so I am NOT feeling overly allocated in those seemingly crap coins... whether they pump any further from here, or not.

[leowonderful]

I sold my BCH at .07 so I definitely didn't get .16 per BCH. I'd rather go safe with my free crypto than slow. I have no other use for them anyways and there really isn't any use for it except buying bitmain miners with em, so I don't regret selling there at all.

[JayJuanGee]

Did i miss the /s mark? Or there's seriously someone out there that thinks that $2.0B 24hr volume on a $7.9B market cab is normal trades... so every 4days every single coin should change hands? Then I have a bridge to sell you       

I'm not arguing against the obvious BCH market manipulation. I'm only pointing out the the magical mystery miner stash is not being used. There is still all of that BCH that Wright, Ver and Wu were granted at the moment of the hardfork though. Plus, I am sure the trio still own a vast amount of BTC to play with too. Thank goodness that Wright is most probably the Anti-Satoshi and does not have access to the private key of those ~1M BTC (and now 1M BCH too) mined years ago.

Don't be foolish with any kind of nonsense speculation that Wright could actually have any thing even close to accessing Satoshi's coins, unless he happened to figure out some way to actually hack the addresses (which would actually be a BIGGER problem than any kind of pie in the sky chance that Wright actually did have some kind of access to the satoshi coins). 

[JayJuanGee]

My chart watching be like:

Must be Lauda's kids, before they are issued the kool sunglasses?

[JayJuanGee]

3 million?

With 200 000 euros, at 6% yearly interest rate (stock market), this gives a yearly interest of 12 000 euros. This is actually the same as my yearly expenses. So i could stop working right then.

With 400 000 euros, at 6% yearly interest rate, that is 24 000 euros per year. 2000 per month. Double of what i am spending now. So that would be very comfortable living. (+ another 10k yearly to spend from 70-110 years old so i spend everything)
With 500 000 i would have 100k to burn in addition.  

btc x3 please in next 10 years

Now, to buy useless status symbols, i am much too greedy for that. Hm. Perhaps it's not so useless for the women. But will buy plastic surgery instead.

The calculations presented need to take inflation into account. Also, the stock market can not only fall short of your annualised returns, but destroy your wealth.

I do think $3 million is excessive for someone around 50 though. I'd have thought $1 mil was more than sufficient to retire.

Let's run a little bit with the hypothetical....

With an investment in traditional assets, they generally say that you are fairly safe to withdraw 4% per year and maintain your principle.  With a $1million then that is an income of $40k per year, but maybe with bitcoin you could withdraw more?  10%, perhaps?  10% would put you at $100k per year while more or less maintaining the principle..

[savetherainforest]

I would REALLY like to have this though:

I'd wait for their Gen 2 SUV, personally. I've heard anecdotally from owners that the first batch of Model X's had numerous issues.

TBH, though, I'm looking forward to Porsche's EV offering near 2020.

You all with your electric bs are so mislead. Besides the fact that they all will have software that the police will stop you without even touching you if they please. There is the issue of not being immune to an emp event.
  I don't like diesel as well, has too many electric components.

Encouraging dealers by buying their crap is not the solution.    (My advice: Find something that levitates, something that works on pure mechanical power or even something steampunk. )

[BlindMayorBitcorn]

Dude, just buy a horse.

[bones261]

Did i miss the /s mark? Or there's seriously someone out there that thinks that $2.0B 24hr volume on a $7.9B market cab is normal trades... so every 4days every single coin should change hands? Then I have a bridge to sell you       

I'm not arguing against the obvious BCH market manipulation. I'm only pointing out the the magical mystery miner stash is not being used. There is still all of that BCH that Wright, Ver and Wu were granted at the moment of the hardfork though. Plus, I am sure the trio still own a vast amount of BTC to play with too. Thank goodness that Wright is most probably the Anti-Satoshi and does not have access to the private key of those ~1M BTC (and now 1M BCH too) mined years ago.

Don't be foolish with any kind of nonsense speculation that Wright could actually have any thing even close to accessing Satoshi's coins, unless he happened to figure out some way to actually hack the addresses (which would actually be a BIGGER problem than any kind of pie in the sky chance that Wright actually did have some kind of access to the satoshi coins).  

What? We must have a different meaning of what "most probably" entails. In my vernacular 99.99999999999....% is most probably. Also, how is me inferring that he is the Anti-Satoshi equate to me giving serious credence to his claims?