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

[Last of the V8s]

[jbreher]

I'm watching for $6666.66 in USD.

Who remembers 2014 Jun 01?:



A three-year ten-bagger.

Truth be told, this was 2nd time at that level. I seem to have misplaced my earlier screencap.


Incidentally, the worldwide semiconductor industry has just hit an all-time revenue high of $108B:

https://www.eetimes.com/document.asp?doc_id=1332540

Semiconductors. Worldwide. What is Bitcoin's market cap again?

[jbreher]

Where the fuck are the bears when we need them?

<--


XD

You are a fake bear. Real bears are poor guys that sold their Bitcoins long time ago (or never even had any significant amount of it)....  well, there's also the "new bears"... those that are still waiting for $875. You are none of those. Nope.

No true scotsman!

[Last of the V8s]

oh god i can't stand the curiosity any more

Jimbo who was at the door?

[Arriemoller]

And then go out find a cure for cancer or polio or fly a shuttle into space, literally go to the moon.

Dabs: cancer has already been cured: http://www.beating-cancer-gently.com/cancer-treatment-options

Please don't spread new-age crap like this around. Cancer is still - sadly - far from being cured, generally speaking.

Same with Rick Simpson Oil / Phoenix Tears - Don't want to hear it.

We still have a long way to go to properly cure all cancers.

now you boys are just showing off

Sorry bro. Just answered his question honestly...

What Bob said!

[pfrtlpfmpf]

A very late good morning Bitcoinland. I was woken at the crack of noon by the phone ringing and the door pounding and haven't had a chance to check in until now.

I see we kept last night's gains and reached another ATH before sliding back a little... currently $6620USD/$8527CAD (Bitcoinaverage).

AltCash also holding its own at $495USD/$637CAD (Coinmarketcap).

Life is good. Go Bitcoin go.

What other activities do you do? I mean other than sleeping.
I envy you.  

[LFC_Bitcoin]

Everything that goes on, sooner or later comes back down.

 

That’s what all the bears said when we breached $1000 again around a year ago. Now they’re all homeless or sucking dick to make rent.

[AlexGR]

Incidentally, the worldwide semiconductor industry has just hit an all-time revenue high of $108B:

https://www.eetimes.com/document.asp?doc_id=1332540

Semiconductors. Worldwide. What is Bitcoin's market cap again?

Think gold...

Every year, 3500 tons are mined (or 112.5m ounces). These require 1300$ x 112.5m ounces = 146.25bn USD.

Now these 146 billion, is for every year. Another 146bn will be needed next year, and the year after that, etc etc etc - expanding into cash requirements of the trillions range (1.5 trillion for 10 years of gold mining production).

The entire Bitcoin marketcap, in comparison, is just the money needed to absorb just a few months of the global gold mining production.

[bitserve]

A very late good morning Bitcoinland. I was woken at the crack of noon by the phone ringing and the door pounding and haven't had a chance to check in until now.

I see we kept last night's gains and reached another ATH before sliding back a little... currently $6620USD/$8527CAD (Bitcoinaverage).

AltCash also holding its own at $495USD/$637CAD (Coinmarketcap).

Life is good. Go Bitcoin go.

What other activities do you do? I mean other than sleeping.
I envy you.  

He buys dips... All the dips.

*THAT* I envy

[Imbatman]

With This kind of rising i cannot find a suitable game ..... btc is Going to fast

What about :  Guess the price as of 12/31/2017 --- closest to wins xxxxx BTC

People should remit their guesses to the 8th decimal place, then you'd not have to worry about ties!

Also, people should remit their guesses to you privately so I don't guess $10,435.56889934 and someone else decides to guess $10,435.56889935.

LOL I'd be ticked!

[jbreher]

The entire Bitcoin marketcap, in comparison, is just the money needed to absorb just a few months of the global gold mining production.

Aye. Well, if you consider eight to be 'a few'. And three years ago, Bitcoin's market cap would have absorbed 'just a few weeks of the global gold mining production.' The trend is my friend.










OTOH, the trend hates you.

[AlexGR]

The entire Bitcoin marketcap, in comparison, is just the money needed to absorb just a few months of the global gold mining production.

Aye. Well, if you consider eight to be 'a few'. And three years ago, Bitcoin's market cap would have absorbed 'just a few weeks of the global gold mining production.' The trend is my friend.

OTOH, the trend hates you.

It's still "weeks", if you don't bother counting up to 39

[JayJuanGee]

Finding it difficult to concentrate at work

Same problem. Well today is a holy day so no problem, but since this summer, and it has worsened recently, I care less and less about my job.

During the summer I had decided that I needed my BTC stash to be worth a certain amount of euros, then, considering how I'm able to grow that stash, I could quit my job and live off the earned BTC. I thought this could happen in the middle of next year at the earliest, but today it has happened.

It would not be reasonable to quit my job right away, but I can't see myself continuing for years, that's for sure.

Does your plan account for any possible scenario that bitcoin could lose 50% of its value? 

I am not saying that bitcoin is going to lose 50% of its value from the current price but it is not an unrealistic scenario or assumption.

Furthermore, for example, if we experience another 2x or 3x in a very short period of time (let's say 2weeks or even 2 months, but the 2 month price explosion, if it were to happen, could be higher than 3x), then after any such quick additional exponential growth such as in the framework that I mention, we could thereafter be subject to a 70% or even possible 90% peaks price correction scenario - although the 90% seems less likely but if we went to $30k, for example, then peaks of a 90% could be quasi-reasonably within the cards)

[philip2000uk]

So is this why it's going up
https://www.coindesk.com/bright-futures-bitcoin-climbs-cme-news-can-gains-continue/

[pfrtlpfmpf]

A very late good morning Bitcoinland. I was woken at the crack of noon by the phone ringing and the door pounding and haven't had a chance to check in until now.

I see we kept last night's gains and reached another ATH before sliding back a little... currently $6620USD/$8527CAD (Bitcoinaverage).

AltCash also holding its own at $495USD/$637CAD (Coinmarketcap).

Life is good. Go Bitcoin go.

What other activities do you do? I mean other than sleeping.
I envy you.  

He buys dips... All the dips.

*THAT* I envy

That must be great: Waking up, buy the dip, back to sleep  

[JayJuanGee]

I follow the upcoming Bcash hard fork but it's turning into a major shitshow...suprise suprise  

So one of the Bcash devs are using his algorithm instead of going with consensus while they realease spec without coding and all done behind close-doors

I'm not a coder but i'm sure you need to code first, spec and comments after...

All of this within a 2 week time line lol.

HUH?

I find this discussion confusing.  Are you really talking about Bcash, or are you referring to segwit2x, especially since you are mentioning a "2 week timeline"?

[julian071]

My eleven year old daughter says hi to you all. She is very satisfied with the gains her bitcoin made today.

[Arriemoller]

My eleven year old daughter says hi to you all. She is very satisfied with the gains her bitcoin made today.

Say hi back. Hope she gets rich!

[aesma]

I don't want to actually 'retire' at all.  I am fine for money now, but I don't want to have nothing to do, no reason to get up in the morning...

To be smart enough to get into Bitcoin, it requires a risk-taking and adventurous nature - I can't see how 'sitting on a beach' is going to be any fun at all for the majority of us!

I have some land overseas in a place I am fond of and I am looking at building there, perhaps to rent out for a while (it will pay for itself then) and it can either be where I go to for breaks, or to retire, or help out my income in old age.

I still run a business, but I just put all the staff on a profit share and told then I won't be around as much, so it's more up to them.  They are working much harder now, so the business is growing more, it's great to see.  I am now going in to work when I feel like it, just to cheer them on - I no longer have to, I enjoy it. I did just buy a new car, not a lambo - but something classy that isn't pretenetious and feels a pleasure to drive.  To have nowhere to go and no reson to go in it woudl be heartbreaking.

Us Bitcoiner, we can't do 'nothing'  - but we can do something positive, which we enjoy.  We can all trust our investment instincts, right - so cash a litte out and well, invest it in something we are excited about - that we can enjoy.

Oh - and (if you're already much better off) don't keep waiting forever to cash something out, it may not last forever and life certainly doesn't.

I guess I'm adventurous in some ways and not adventurous in others. I like to jump out of perfectly functioning airplanes at 12000 feet. But I never thought about creating a business, because it seemed to be too much work.

Now, my job is very dull and I guess working a lot but for something you really like would not be that bad in comparison.

I used to be unemployed for a long time, even when I started into cryptocurrencies, and when I finally was offered a job that I was going to be good at, my goals were simple : save the maximum of money possible, make it grow by investing wisely, and buying a house after a few years thanks to that money, all the while getting very good at my job to grow into my company. The first part worked better than planned, I'm very good at my job too, but to grow into my company, you must suck dick or something, or just wait for years. After 6 months I was better at it than colleagues with a lifetime of experience, but I still earn much less. I'm also the only one who can speak English, in fact amongst about 50 colleagues doing a similar job none of them speak English, when more and more we need to call tech support and generally communicate in English, all documentation is in English, all help you can find on the web is in English, etc.

So now I'm considering quitting, not to do something else but as a bargaining chip to get a new contract, better paid, and with better incentives (a car I could use outside work). If BTC stays above 3000€ for the next 6 months I'll do it, and too bad if they let me go.

[pfrtlpfmpf]

I follow the upcoming Bcash hard fork but it's turning into a major shitshow...suprise suprise  

So one of the Bcash devs are using his algorithm instead of going with consensus while they realease spec without coding and all done behind close-doors

I'm not a coder but i'm sure you need to code first, spec and comments after...

All of this within a 2 week time line lol.

HUH?

I find this discussion confusing.  Are you really talking about Bcash, or are you referring to segwit2x, especially since you are mentioning a "2 week timeline"?

I mix all this forks up, too. Getting my head around it slowly.

Imagine, what a "Newbie" thinks right now !