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

[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

[HairyMaclairy]

RISE AND CHOO-CHOO! BTC

I see some little red candles on Bcash. Watching.

[RobSteward]

Up we go Weeee

[P_Shep]

RISE AND CHOO-CHOO! BTC

I see some little red candles on Bcash. Watching.

Aww, poor thing

 

[HairyMaclairy]

Is that an ATH?

[DaRude]

Too much speculation for next retargeting, if it's a dud there will be a lot of CCMFs

[Dakustaking76]

Oke guys its time taken your seatbelt And watch the Damn price going to the galaxy

[HairyMaclairy]

Too much speculation for next retargeting, if it's a dud there will be a lot of CCMFs

Bitcoinwisdom says 23% difficulty adjustment downwards. 

I don’t think my buy orders are gonna get filled.

[JayJuanGee]

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents:

270 days
270 days
90 days
90 days
90 days



The question is, how much longer the second exponent will last...

Thank you very much for that.  the "exponent" and doulbling concept is certainly interesting, too.

At some point, we may have a "blow off" at the top, and then we have to start over with our calculations and our considerations.

[AlcoHoDL]

Is that an ATH?

Not yet, for Euro-land.

Euro-ATH (@ Kraken) is currently at 7115 €.

Now at 7020 €, still some gap left to cover, but getting there.

Carolina may be coming to sweeten our nights tonight...

[Arriemoller]

This has not been a good night for me, I registered on an exchange to sell my bitcore, since that is not supported in my Coinomi wallet.
But I couldn't figure out how it worked, and ended up sending the coins back to my wallet.
Then I tried to recover an old DAT file from bitcoin core (or QT, don't remember) but I couldn't figure that out either.
Then I tried to get my private key for my old legacy address on Blockchain.info, but no luck, the old 17 word seed apparently is not the kind you can use to get your private key.

Now my head is spinning and I'm going to bed, have to work tonight so I need my beauty sleep.
If you have any Ideas how to solve any of the above mentioned problems, feel free to tell me.
Goodnight.

[iram1011]

What the hell is with tether volume?

All the technical analysis for Bitcoin are going in vain because of this. Yesterday I was looking at hourly charts that was clearly indicating a correction in Bitcoin price. But what I have realized is that when Tether's 24hr volume> marketcap. Bitcoin FOMO irrespective of technical indication.

[Arriemoller]

Oh, and I forgot.
HAPPY TURKEY WEEKEND TO ALL AMERICANS OUT THERE!

[JayJuanGee]

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.
 

It still does not hurt to take a bit of profit along the way.  If you started at $300, then $400 would have included 33% profits - then $600 would have included 100% profits - then $800 would have included 167% profits; then $1000 would have included 233% profits -then $8,000 would have included 25.67% profits -


So surely it does not hurt to take some profits along the way, and perhaps a bit more profits, the higher percentage that your profits represent - of course you can reinvest some of that money that you take out too, if a price drop does occur - which is inevitably likely to happen from time to time, even though we cannot be sure exactly when and the extent to which such price drops will occur.