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

[Elwar]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

[HairyMaclairy]

And you have a house. Which is nice.

I heard about Bitcoin when it was $100 but thought it was a scam.  Live and learn.

[RoomBot]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

$12 down-payment on your house? 

[BTCMILLIONAIRE]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

$12 down-payment on your house? 

Yes, now he lives in a $240 mansion.

[P_Shep]

Lovely BTG pump. Cashed out a bit more

[bitserve]

Resiliency.

[Rosewater Foundation]

Lovely BTG pump. Cashed out a bit more

I just heard this is on account of an announcement by bithumb to list it.

[1982dre]

All kind of alts are being pumped and BTC still hovers around the $81xx. Not too bad 

[AlcoHoDL]

When I read your post I decided to take a look at one of my old addresses that I got BTG from.
I had 2,90343491 on one address, I immediately sold them for BTC and got 0,05638211 BTC
Now, 2,90343491 BTG is today worth 833,63 USD and 0,05638211 BTC is worth 458,1 USD.
So I would have been better of hodling my BTG, however, in the long run BTC is going to outperform BTG big time, so I don't really care.
And you also have to consider that the less BTC you have, the less forkcoins and airdrops you will get.

Sorry if I made you do something that didn't turn out as profitable as it could have. Was obviously not my intention. But I believe any investment in BTC will pay out big in the coming months and years, so everything's fine I think.

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

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?

Well, it appears that your prediction has come true. I held on to my BTG, not because I want them, but because I had to do some other things at home y'day, and could not be close to the PC to do the trade. Now I wake up and see the price of BTG surging...

[Karartma1]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

He who can't tell a true story of Laszlo's for himself has never been and could never be considered an early bitcoin adopter.
I think most of us here have a Laszlo story to tell.

But we are here 

I personally bought a $100 amazon gift card for 3 BTC and thought I was smart.

[aesma]

Half my BTC are on adresses I control so I get fork coins from that. The other half is invested variously, so I spend a little to buy enough fork coins to have as many as my BTC. Some will say I'm wasting money, but I believe the possibility of BTC getting stuck is real. Miners are in it for the money, not anything else, so if they migrate en masse to BCH and the latter is pumped enough at the same time, I don't want to fear being poor.

So far the BCH and BTG I bought are way up from the price I paid, so no loss yet.

The fear is strong in you , thats what the FUD is designed to do.
The fact that 2X failed, that UASF worked, that BCH hovered around 5% for a couple of months all points to the total lack of real support for BCH.
Check out the tweets by people now shilling BCash, their accounts never mentioned crypto currencies before August. They are fake/paid.
Its all smoke and mirrors, funded by deep pockets.
And the few who are interested are either idealogical big blockers, or just like Alt coins, people who missed out on the early entry to Bitcoin are desperately looking for a big win.

The flippening is rubbish.
BCash can be temporarily pumped up to support all the current SAH256 miners, but it can't stay there forever. People just don't value it at that level. People are just shifting money from BTC to BCH, there is no new money coming in to BCH.
So it will come crashing down at some point, and BTC holders will just wait it out.

I agree that money flows from one to the other, that's precisely why I want to hold both. It doesn't hurt to trade some from one to the other trying to grow both stashes.

But I don't see you mentioning BTC's problems, which are real. I'm now almost completely avoiding moving BTC because transactions either take forever, cost a fortune, or both.

[Arriemoller]

When I read your post I decided to take a look at one of my old addresses that I got BTG from.
I had 2,90343491 on one address, I immediately sold them for BTC and got 0,05638211 BTC
Now, 2,90343491 BTG is today worth 833,63 USD and 0,05638211 BTC is worth 458,1 USD.
So I would have been better of hodling my BTG, however, in the long run BTC is going to outperform BTG big time, so I don't really care.
And you also have to consider that the less BTC you have, the less forkcoins and airdrops you will get.

Sorry if I made you do something that didn't turn out as profitable as it could have. Was obviously not my intention. But I believe any investment in BTC will pay out big in the coming months and years, so everything's fine I think.

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

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?

Well, it appears that your prediction has come true. I held on to my BTG, not because I want them, but because I had to do some other things at home y'day, and could not be close to the PC to do the trade. Now I wake up and see the price of BTG surging...

No worries, I was gonna check that anyway. Besides I always sell all my forkcoins and airdrops as fast as I can. I'm not a trader, just a hodler.

[Arriemoller]

Speaking of, does anyone no of any easy way to claim bitcoin diamond?

[aesma]

Sometimes I wonder if altcoin proponents ever have this honest conversation with themselves:

"I bought into this great altcoin called [X]. It has these great, neato features that Bitcoin doesn't have. I've held this altcoin for years and years. Of course, I've never really spent them on anything, and likely won't. So I really can't attest that these great, neato features really have any real value to myself, or anyone else for that matter. And now that I really think about it ...it hasn't really changed my life in any significant way to hold/use this altcoin versus just using Bitcoin. But I'm gonna keep holding it anyway because....umm...because .....neato features! Hypothetical use cases [that never apply to me] matter!!"

Lol  

I believe anonymity is a nice feature I'd like to have. I'm not ready to invest in an alt to get it, though.

I happen to own an "anonymous" coin I won't name, there is an airdrop going if you know what I mean. I has one feature helping anonymity, but still a public ledger, so that just doesn't work. It should get something else soon, we'll see.

[AlcoHoDL]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

He who can't tell a true story of Laszlo's for himself has never been and could never be considered an early bitcoin adopter.
I think most of us here have a Laszlo story to tell.

But we are here 

I personally bought a $100 amazon gift card for 3 BTC and thought I was smart.

I'm not an early adopter, though this is debatable, as one can argue that all of us are early adopters, even those joining now.

My only story, not nearly as exciting as yours: about a year ago I bought a TREZOR for 0.13 BTC. Now it's got to be one of the most valuable TREZORs in existence, valued today at a whopping 900 € ($1000).

[BTCMILLIONAIRE]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

He who can't tell a true story of Laszlo's for himself has never been and could never be considered an early bitcoin adopter.
I think most of us here have a Laszlo story to tell.

But we are here 

I personally bought a $100 amazon gift card for 3 BTC and thought I was smart.

I'm not an early adopter, though this is debatable, as one can argue that all of us are early adopters, even those joining now.

My only story, not nearly as exciting as yours: about a year ago I bought a TREZOR for 0.13 BTC. Now it's got to be one of the most valuable TREZORs in existence, valued today at a whopping 900 € ($1000).

You could make that point for literally anything you buy. Imagine how much your rent was last year in today's BTC price.

[RoomBot]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

He who can't tell a true story of Laszlo's for himself has never been and could never be considered an early bitcoin adopter.
I think most of us here have a Laszlo story to tell.

But we are here 

I personally bought a $100 amazon gift card for 3 BTC and thought I was smart.

You were if you bought ASICs    

[HairyMaclairy]

Ok which one of you lot is pumping money badger?  Fess up.   We just broke $8300.  

[AlcoHoDL]

True Story Time:

I was talking to a old buddy of mine the other day who is a loan officer. This is an older gentleman that has been in the business of giving out bank loans, and has been doing so for decades. Months in and out, year after year, he talks to customers about them liquidating assets or other investments as down payment on loans, and has heard them talk of liquidating pretty much every type of investment known: stock, houses, land, cars, gold, silver, collectables, equipment, etc. You name it, he's probably heard it.

But when the words "cryptocurrency" and "Bitcoin" came up in our conversation, I was shocked. He replied "Wait...crypto...currency? What's that? That's a new one on me. Is that like Euros or something?" He had never even heard of it. He had no idea what Bitcoin was. And this is a finance guy working at a lender that routinely reads financial news and such on the internet.

It just made me realize: We have SO far to go still. Such early adopters are we.

I cashed out 400 bitcoins to put toward a downpayment on my house. Back in 2012. When the price was $12.

He who can't tell a true story of Laszlo's for himself has never been and could never be considered an early bitcoin adopter.
I think most of us here have a Laszlo story to tell.

But we are here  

I personally bought a $100 amazon gift card for 3 BTC and thought I was smart.

I'm not an early adopter, though this is debatable, as one can argue that all of us are early adopters, even those joining now.

My only story, not nearly as exciting as yours: about a year ago I bought a TREZOR for 0.13 BTC. Now it's got to be one of the most valuable TREZORs in existence, valued today at a whopping 900 € ($1000).

You could make that point for literally anything you buy. Imagine how much your rent was last year in today's BTC price.

Basically, this translates to the usual advice "never sell BTC". What I could have done is to keep my 0.13 BTC and just use my credit card to buy the TREZOR. I would now be 800 € richer. This is equivalent to converting some of my fiat money to 0.13 BTC at that time, and keeping it, which I didn't.

In other words, if you have two bags, one with fiat and another with BTC, using the fiat bag first will make you richer in the end. Which BTW goes against actually using BTC for everyday things, which hinders its widespread adoption, which is bad for BTC, but perhaps it's still early days for such use. We're all early adopters it seems. This is just the beginning.

[RoomBot]

RISE AND CHOO-CHOO! BTC