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

[P_Shep]

Guys, have all of you sold your Bitcoin Gold (BTG)?

I'm itching to sell them now, and do the following:

1. Buy Monero,
2. Buy more BTC.

What would you recommend? Should I sell my BTG now, or wait for a pump? And if I should sell now, which one of the two options would you recommend? I know this is altcoin territory, but it feels natural to ask here as I value your wisdom and opinion, and I'm sure many of you HoDL some altcoins in addition to BTC.

So, Bitcoiners, wait or sell your Gold, and what to buy?

Sold 1/3rd for the hell of it. Will wait for a BTC dip for another 1/3rd.

Free money!

[HairyMaclairy]

You are talking to someone who sold his Bcash @0.08 BTC because it didn’t look like it was going anywhere.

So personally I am going to hold onto my Bitgold and see if a market develops. Besides it’s currently worth bugger all so wouldn’t make much difference.  Also despite the pre-mine and promoters, it could be a natural hedge if something really stupid happens. So I might hold it long term.

I already have about 5% of my portfolio in Monero, 1% in Aeon which is long shot Monero fork with a tiny $37 million market cap and 5% in Ether.  I have a little bit of USD on exchange for opportunities and the balance is all bitcoin.  So I think there are real benefits in some modest diversification but none of that commodity token shit.  

Which probably isn’t very helpful but that’s what you get with free advice.  

[HairyMaclairy]

Why are Segwit 2X tokens still going for $80 on Bitfinex when they expire in 30 days.   Nice bags. 

[vroom]

mempool spam *check
bch pump *check
tether/bitfinex fud *check
WO bears active *check
bitcointalk ddos *missing

get ready for bitcoin black friday sales, I see a bigger weekend dip coming! get them while they are cheap!

/r/btc is talking about the flippening *check

[gentlemand]

Guys, have all of you sold your Bitcoin Gold (BTG)?

Extracted and retain all of mine.

Do what makes you happy.

Other than minute one Bittrex ridiculousness I don't believe it's had its super pump yet. I reckon you'd make more BTC or XMR waiting for that than buying XMR now but what does anyone know?

As it's free money you may as well sell a little now and waste it on a Robocop soap dispenser or something as a reward for being you.

[AlcoHoDL]

I hope that this is true and Jihan will get rekt

Oh, rest assured. Jihan will get his comeuppance soon.

It's just a matter of time at this point, and karma can be a real cunt.

Learned a new word today... Yesterday's one was "ameliorate" from one of JJG's posts. Isn't this thread great?

I really hope Wu will soon get what's coming to him. I hate seeing his coin in 4-digit values...

[HairyMaclairy]

mempool spam *check
bch pump *check
tether/bitfinex fud *check
WO bears active *check
bitcointalk ddos *missing

get ready for bitcoin black friday sales, I see a bigger weekend dip coming! get them while they are cheap!

/r/btc is talking about the flippening *check

All we need now is a main chain hard fork.  Oh wait, that was supposed to be last weekend. 

[Searing]

mempool spam *check
bch pump *check
tether/bitfinex fud *check
WO bears active *check
bitcointalk ddos *missing

get ready for bitcoin black friday sales, I see a bigger weekend dip coming! get them while they are cheap!

/r/btc is talking about the flippening *check

All we need now is a main chain hard fork.  Oh wait, that was supposed to be last weekend. 

Well, truth be told we could dump 50% on BTC to $4k and we'd still be 4x the amount BTC was in Jan 2017.....(more or less)

would suck...but sure beats my regular 401k

[AlexGR]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

[Neo_Coin]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

But if you do not sell, you do not realize your real money 

[itod]

I've actually been toying with the idea of getting back into mining. I don't really care for it from an economical perspective, but this whole Bitmain/BCash clown fiesta has got me thinking.

About 1 BTC gets you 5 miners (the minimum order) and 5 PSUs ... and probably shipping.

According to mining calculators, you should get that back in 2 or 3 months. If difficulty goes up by the time they ship in March 2018, or even April 2018, suddenly your miners need 3 to 6 months before ROI. Maybe more.

There is a reason mining is centralized high above everyone's expectations. As Mar Twain said: “If voting made any difference they wouldn't let us do it.”. Same with miners. When mining devices can turn real profit in BTC manufacturers simply don't sell them to customers, they organize mining farms for themselves. It's a curve witch goes up and down around profitability line during time periods, and the miner manufacturers play this game with skill. Full ROI in less then a year was a dream shattered back in Avalon times. Once in the future real competition will emerge, and devices will become commodity.

I'm also thinking about going into mining not to get full ROI in a year or two, but by incentive to make mining as decentralized as possible and protect my BTC this way.

Edit: when I say "Full ROI" I mean "Full ROI in BTC". Don't look at the prices of miners in US$, calculate what can you gain by buying BTC now for that amount and hodling those BTC for a year. Mining calculators are deceiving.

[criptix]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

But if you do not sell, you do not realize your real money 

Mate you want to know something funny.
That is the exact same stuff my friends told me when btc was at 400$, at 600$, at 800$, at 1000$, [...], at 8000 $.
Edit: actually when btc went 4000+ they all went silent or asked infos about btc

If i would have realized my profits i woulda have sold at 400$ for 150$ profit per coin and would now cry myself into sleep every night.

BTC is not the usual shitcoin that you buy and hold for a week to profit from a p&d.


@itod
Im pretty sure that everyone who has more then 0.20$ kwh electricity cost should just buy btc. Mining would just be dumb except you are using the miners to heat your house lol...

[AlcoHoDL]

You are talking to someone who sold his Bcash @0.08 BTC because it didn’t look like it was going anywhere.

So personally I am going to hold onto my Bitgold and see if a market develops. Besides it’s currently worth bugger all so wouldn’t make much difference.  Also despite the pre-mine and promoters, it could be a natural hedge if something really stupid happens. So I might hold it long term.

I already have about 5% of my portfolio in Monero, 1% in Aeon which is long shot Monero fork with a tiny $37 million market cap and 5% in Ether.  I have a little bit of USD on exchange for opportunities and the balance is all bitcoin.  So I think there are real benefits in some modest diversification but none of that commodity token shit.  

Which probably isn’t very helpful but that’s what you get with free advice.  

Guys, have all of you sold your Bitcoin Gold (BTG)?

Extracted and retain all of mine.

Do what makes you happy.

Other than minute one Bittrex ridiculousness I don't believe it's had its super pump yet. I reckon you'd make more BTC or XMR waiting for that than buying XMR now but what does anyone know?

As it's free money you may as well sell a little now and waste it on a Robocop soap dispenser or something as a reward for being you.

Thanks guys, I appreciate your replies. I'll think about it. It's tempting to keep the airdropped BTG when one sees the BCH airdrop "doing so well" lately. Bu we all know why, and who's behind it. About BTG, when I consider its history (ugly and poorly written initial website, inability to write a decent replay protection code, the premine period), I can't see it as a serious project, but more as a money-making scheme for its creators. OTOH, projects like Monero are much more refined and serve a real purpose (in Monero's case, complete anonymity and privacy).

[jonoiv]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

yes in the current market it's very overpriced.

[vroom]

why are these bears trying to infiltrate our bull echo chamber? try to convince peoples in other threads and leave us alone. +ignore

[Rosewater Foundation]

on the topic of shitcoins

boo!

[fluidjax]

yes in the current market it's very overpriced.

Repeating the same thing, again and again without any analysis or reason is just fudding. You ain't even funny.
I only gave you the benefit because you have history, but it appears you are simply a BCH shill who has come out for this weekends events.

Bye Bye... ignored.

[Rosewater Foundation]

Not even funny. That's the worst part

[BitcoinBunny]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

yes in the current market it's very overpriced.

I agree. In fact I reckon your stash of BTC is only worth $0.10. You better sell them all to me now before the value drops lower.
 

[orpington]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

yes in the current market it's very overpriced.

I agree. In fact I reckon your stash of BTC is only worth $0.10. You better sell them all to me now before the value drops lower.
 

Dude just wants the price to crash so he can get back in.

Don't let the over-leveraging crush you again this time!