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

[Odalv]

6666 :-)

[1714709498]

1714709498

[1714709498]

1714709498

[1714709498]

1714709498

[yermom]

Looking at Monthly and weekly RSI, we are quite overbought.

Until it hits 100...

[JimboToronto]

Well well well.

A new ATH at Stamp... $6666.

A day late for Halloween.  

[Neo_Coin]

Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.

Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.

We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system.

 

[BlindMayorBitcorn]

[lightfoot]

Here we are, 6666.6

Yaay!

[arklan]

6666 :-)

\m/

hail satan, and so forth.

[gentlemand]

Here we are, 6666.6

Yaay!

666 was hideously sticky. I suppose I could live with it clinging to 6666 but adding another 6 eventually sounds better.

[bitcoinPsycho]

this is getting ridiculous I haven't slept properly for days .what a mental run up .don't want to miss the next leg up .keep watching keep watching    fucking hell . love it

[JayJuanGee]

Surely gold or any other traditional investments didn't have the ROI of BTC but...... maybe it contributed to the ROI of your Bitcoin stash.... How? Well, once you already have extracted/diversified enough into other assets (like gold) that you feel financially safe you can let your BTC roll without that much care than if you didn't.
My point is stable (bad performing) assets are another piece in the puzzle of financial safety. Or at least that's what I tend to think, but I like to hear more opinions about it.

Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains.

If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting.

Any investment not likely to pull in greater than 8% a year bores me.

I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short.

Common BobLBL>>>>>> you know better than that.  

What bitserve is saying is that in time 1, you do not know for sure which assets are going to perform better or worse, and you are attempting in time 1 (hopefully?) to figure out ways to hedge your bets while at the same time hoping for the best possible performance.   Surely in time 2, you can see in retrospect which assets did better (and in this case it was bitcoin), but you did not know that in time 1, but your investment in gold in time 1, perhaps, allowed you to feel more willing to risk more into bitcoin because you had that hedge that was already in place.

 
Again, now in time 2, you have a new perspective about gold and you are reconsidering your previous assumptions...   Nothing wrong with that, but many of us likely realize that the world has changed somewhat because of bitcoin and also because of bitcoin's performance, not only on a personal level (because we happened to invest) but also on a perspectives level, concerning which assets (or asset classes) have better likelihoods to beat certain performance thresholds, such as greater than 8% as you mentioned that to be too low... hahahahahaha.. whatever.    

[lightfoot]

this is getting ridiculous I haven't slept properly for days .what a mental run up .don't want to miss the next leg up .keep watching keep watching    fucking hell . love it

Sell some coin and buy:

1) Something to help you sleep
2) A high quality hooker to blow you every night to sleep.

Seriously, it helps.

[rjclarke2000]

£5000 for you gorgeous Brits.

You sweet talker you 

[lightfoot]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

[JayJuanGee]

An 11 year old should not have full title to bitcoin that was "given" to her.

You gotta build character in her first...

Otherwise, she become SPOILT BRATT, if she already NOT one. 

Jaysus, JJG - tend to your own garden, willya?

I know eight nine year olds with responsible full discretion over their Bitcoin. Hell, my granddaughters already have liquid assets larger than the average adult. Thanks to Bitcoin

https://www.wsws.org/en/articles/2014/02/04/cfed-f04.html

Hahaahahahahaha...

One spoilt bratt might not recognize another spoilt bratt, then.   

I have the right to provide my opinion, which I did.  Kids should be formed and conformed and built and not given free range or financial freedom until they achieve those formative objectives.....   There you go, and perhaps you heard it here, first?

Sounds like you, contrarily, would like to screw up the whole world with gifting to kids and also fucking around with stupid-ass renegade forks too, while acting as if they are the be all cure all to bitcoin's supposedly imagined woes.   

It is my opinion, and I dont have any kids but was once one of those, that the sooner they learn the concepts of money, saving, etc the better.

It would be way better to give the kids some (very limited) money so that they learn to spend it wisely in whatever they want/need than just buy them almost everything they ask for (as many parents irresponsibly do).

Learning money is a limited resource (and how to manage it) since their childhood is one of the most useful lessons they can learn for their entire life. And the next lesson should be to start saving (even if ridiculous amounts) around 10 years old for their entire life.

Investing and the power of compounding interest should be learned by 15.

Any mistakes they make at those ages will be very "cheap" lessons in comparison to later in their life... and they won't ever forget about it.

I am not saying that there are not ways to teach kids about money, and all of your points are valid and my theory or suggestion(s) does (do) not negate any of what you are saying. 

Accordingly, there are all kinds of ways to teach those little fuckers, including some of what you mentioned, without necessarily spoiling them.   

[Last of the V8s]

[JayJuanGee]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

Hm?  Even though you make some decent points, you are reading the wrong sources if you think that, currently, we are in a dot.com bubble - however, it does not hurt to skim a little bit of profits off the top as we continue to go

up


and


Up



and


UP.

[yefi]

Accordingly, there are all kinds of ways to teach those little fuckers, including some of what you mentioned, without necessarily spoiling them.   

* yefi wheels out the rack.

[Rosewater Foundation]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

[lightfoot]

Hm?  Even though you make some decent points, you are reading the wrong sources if you think that, currently, we are in a dot.com bubble - however, it does not hurt to skim a little bit of profits off the top as we continue to go

Oh people said that during the bubble too. They called it the new economy. If we ever get together I'll tell you funny stories.

That said I remember afterwards when we measured AAPL stock in BTUs. In other words, how many BTUs of heat it would generate if you burned it.

AAPL is worth a tad bit more now. Thus it is with bitcoin IMO.

[ivomm]

Here we are, 6666.6

Yaay!

CNBC, November, year 2018: "Today Bitcoin just hit alltime high 66 666$! BCH and B2X both gained 5% to return to 105$."