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

[Elwar]

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.

If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.

But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.

[Chef Ramsay]

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Hold is right, I know some who pre-ordered the Trezor back in 2013 when they were 1BTC each. Not naming names.

[lightfoot]

About "for every rise there is a fall", well, that was Newton. With Bitcoin we are now past Einstein and there are new laws at play. In Bitcoin mathematics, there are only the (+) and (*) operators and no negative numbers. LOL!

Oh Bitcoin may fall. As it's zinging through space long past the moon it might eventually hit some star somewhere and "fall"....

I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....

[AlcoHoDL]

I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.

I like this magic Internet money.

That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...

As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.

In a way, this is Laszlo's pizza story, in a much, much smaller scale.

Moral of the story: HoDL!

Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.

If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.

But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.

Of course that's true, I'm not saying you shouldn't do it. After all, it's good to use BTC in everyday life. All I'm saying is that calculating the current value of the BTC we've spent on things may leave a bittersweet taste in our mouths...

[Ibian]

All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.

[yefi]

Oh Bitcoin may fall. As it's zinging through space long past the moon it might eventually hit some star somewhere and "fall"....

I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....

I think you're overestimating the density of the universe. If you put a straight line from one edge to the other, the probability that you will hit any object is minuscule.

[Icygreen]

Is there any danger in holding coins on a segwit address vs a legacy address in trezor? Say if segwit got back-peddled.

[jojo69]

Alessio Rastani revises Elliot count, now says wave 3, $10,000 "unstoppable"

https://www.youtube.com/watch?v=gmDLylVbfFI

[Torque]

I'm sure there are people on this forum that have spent hundreds of bitcoins on things like PC graphics cards back in the day.

Personally, my goal was to one day have enough btc that I could take out my original investment +20% profit in fiat value, and still have 90% left in btc.

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

[lightfoot]

All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.

[lightfoot]

I'm sure there are people on this forum that have spent hundreds of bitcoins on things like PC graphics cards back in the day.

Personally, my goal was to one day have enough btc that I could take out my original investment +20% profit in fiat value, and still have 90% left in btc.

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

The way I deal with this is to understand simply that I made the best decisions at the time with the information I had at the time. No regrets dude, otherwise I would still be kicking myself for dumping all my apple stock in the early 90's when they were totally fuking stupid.

[Ibian]

All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.

She does look like she is facing something deadly, don't she. Yeah, no fucking wonder she doesn't want an audit.

[Torque]

Is there any danger in holding coins on a segwit address vs a legacy address in trezor? Say if segwit got back-peddled.

I don't think so. I can't see any scenario right now where SegWit would get deprecated, at least in the foreseeable future.

[RealMachasm]

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

 Then I put things into perspective and think "Well, the rest of the ~70% of my Bitcoin stash should appreciate nicely over time..."

 In theory.

 My partner is going to continue working for another couple years before joining me in early retirement.

 Gonna be their sexy pool boy and french maid for a couple years in the meantime...

Good for you Bob. Enjoy it while you can. You only live once!

[mmmmyah]

Predictions: 16K by 2018, 100K by 2025. What do you guys think?

[AlcoHoDL]

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

 Then I put things into perspective and think "Well, the rest of the ~70% of my Bitcoin stash should appreciate nicely over time..."

 In theory.

 My partner is going to continue working for another couple years before joining me in early retirement.

 Gonna be their sexy pool boy and french maid for a couple years in the meantime...

I did a quick calculation, using current prices, about how many BTC you have, and came up with a whopping 889 BTC!

Really good for you, I'm jealous, as I'm nowhere near that amount. If I had that much I'd definitely do the same. As mentioned, we only live once, so we'd better make the most of it.

[JimboToronto]

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

Why buy that much fiat all at once? Why not just buy as much as you need as you go along.

I'd rather be retired with as much Bitcoin as possible growing in cold storage far more than a bunch of crumbling dollars in some bank account.

If you need to buy a new car, or some  real estate, or simply some cash to party with, by all means spend some coins as need be.

Otherwise it makes more sense to just continue holding.

[xhomerx10]

Alessio Rastani revises Elliot count, now says wave 3, $10,000 "unstoppable"

https://www.youtube.com/watch?v=gmDLylVbfFI

Why the hard swallowing?  If you watch at 1:20 right before he says "...from an Elliot wave perspective" and again at 2:32 when he says, "There is support as I mentioned before..." he swallows hard which is an indication of dry throat from a stress reaction.  Does Mr. Rastani believe what he's saying?

[AlcoHoDL]

Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.

 If it's any consolation, I'm going to be liquidating $2M worth of BTC middle of 2018 and retiring early.

 I'm already kicking myself because I know in another 10 years, that $2M i'm going to sell will be incalculably more valuable.

Why buy that much fiat all at once? Why not just buy as much as you need as you go along.

I'd rather be retired with as much Bitcoin as possible growing in cold storage far more than a bunch of crumbling dollars in some bank account.

If you need to buy a new car, or some  real estate, or simply some cash to party with, by all means spend some coins as need be.

Otherwise it makes more sense to just continue holding.

What if Bitcoin implodes and goes down to zero? What then? I think his approach is smarter, as he is guaranteed to enjoy the rest of his life with his $2m, even if Bitcoin disappears. And he is still left with more than 600 BTC for the future.

[Ibian]

Alessio Rastani revises Elliot count, now says wave 3, $10,000 "unstoppable"

https://www.youtube.com/watch?v=gmDLylVbfFI

Why the hard swallowing?  If you watch at 1:20 right before he says "...from an Elliot wave perspective" and again at 2:32 when he says, "There is support as I mentioned before..." he swallows hard which is an indication of dry throat from a stress reaction.  Does Mr. Rastani believe what he's saying?

You can hear the swallowing.

I'm neither for or against your hypothesis and I don't know or care about this gentleman, but holy fuck that's creepy.