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

[Totscha]

^I disagree. The higher the price the more people want to buy it. Humans are right confusing.

Humans are stupid.

[JayJuanGee]

Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.

she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"

This used to be one of the complaints lobbied at bitcoin for "having its units wrong" and why bitcoin is over priced and a bunch of similar bullshit like that; however, I have come to realize that it is a sign that even very smart people have difficulties grasping the concept of bitcoin until they really get in there and grapple with it and buy a few satoshis, and then the divisibility will sink in, perhaps a bit better.

[Colonel Panic]

BitcoinSegWit is not Satoshi’s immutable protocol, i.e. it is not Bitcoin. It is a “pay to anyone” shitcoin. I smell a rat on the horizon combined with shorting on futures markets.

It's the ledger that's immutable, not the "protocol"

Jeez, Rog needs to improve the 1hr induction session.

[JayJuanGee]

@Jay
I'm just speaking personally. This kind of money makes me feel like a target. I'd prefer to get rich under the radar if possible.

Well, I think that I can kind of relate to that.  I recall that there were periods in July, August, September that I discontinued some discussions and interactions with people (in the real world) about bitcoin, because the price had been going up so much that I thought that people were starting to get really weird and the scammers were coming out, etc. etc. 

And, you could be correct about this $10k threshold, too.  I had noticed a few real world interactions that I had recently that kind of cause me to conclude that the freaks are coming out ... so yeah, perhaps the more wealth that we acquire in bitcoin the more we have to safe guard some of the wealth because it is adding up to a lot of money.  I had to move bitcoins off of several exchanges, because what I had considered a kind of "spare" change and "dust" had turned into real value and I no longer wanted to have that much value tied up in a few places... .  So the more I think about it, I can relate... I can relate.

[600watt]

^I disagree. The higher the price the more people want to buy it. Humans are right confusing.

let´s start a new bitcoin civil war. big unit-ers vs small unit-ers!  

[Rosewater Foundation]

^I disagree. The higher the price the more people want to buy it. Humans are right confusing.

let´s start a new bitcoin civil war. big unit-ers vs small unit-ers!  

[JimboToronto]

Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.

she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"

It's better to start off by talking about satoshis.
___

"What are those charts you're always looking at?"

"I'm checking the price of satoshis."

"What are satoshis?"

"A satoshi is a hundred millionth of a bitcoin."

"What's a bitcoin?"
___

Then they start with the idea that satoshis are the basic units.
___

"What do satoshis cost?"

"You can buy a million of them for only $100."

"Wow. I can afford that. I can be a satoshi millionaire for only a benjamin?"

"Yep."

 

[JayJuanGee]

Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.

she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"

imho, the fact that the bitcoin community failed to carry on with mBTC (1/1000 btc) a few years ago is one of the main reasons we see thousands of alts, hundreds of ICO and all this forking sheit.

yesterday evening some employees of mine and their friends invited me to answer their cryptocurrency questions.  they have been watching me advocating bitcoin for several years, but now they got interested.

everyone was asking me what alt they should invest in. the. whole. evening.  I told them that I would only invest in btc. they ALL said "but it is way too expensive" - and they know they can buy fractions. it is a psychological trap. and the bitcoin community as whole did not see that.

when I was through with a lengthy and detailed description of the reasons why bitcoin is superior and the safest way to go in crypto, they asked me again: really now, what altcoin do you think has the most potential?  

That is a really great illustration of the whole point that those of us who recognize the value of BTC are likely benefitted by some of the public misperceptions, and sooner or later those folks are going to have to get past their intellectual barriers and really begin to understand and grapple with the concept of divisibility.

Fuck them, if they cannot see the value.. and that means cheaper coins for us who can and that means that the price is going to catch up (in other words continue to go up) whether these refusing to see folks begin to understand divisibility or not.

[Rosewater Foundation]

Is anybody here still buying?

[HairyMaclairy]

I don’t find that argument convincing as I believe Bitcoin is a Veblen good.  People are attracted to it because of its stupid price.

[HairyMaclairy]

Is anybody here still buying?

Not at $9800.  




Edit:   this comment will age poorly. 

[Rosewater Foundation]

I don’t find that argument convincing as I believe Bitcoin is a Veblen good.  People are attracted to it because of its stupid price.

That's the word I was looking for.

[JayJuanGee]

Is anybody here still buying?

Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

[Rosewater Foundation]

Is anybody here still buying?

Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

That's day trading. That's madness. I'd get r0ached for sure.

[Rosewater Foundation]

Is anybody here still buying?

Not at $9800.  




Edit:   this comment will age poorly. 

QFT

[HairyMaclairy]

So TA wizards - are we consolidating or are we still creeping downwards?


And what’s with the ridiculous Cardano pump. 

[orpington]

Comfortably over $10K going into 2018 I can foresee.
$100,000 by the summer and $1,000,000 after the next halving in 2020 sounds totally unrealistic.
I think one of the problems at this point is that even those that hold lots of cash let alone those on the breadline are totally unaware you can buy a fraction of a coin.

But I'd happily be proven wrong.

she thought that she had to buy in increments of a whole bitcoin

That's really common - at least two of my friends have said to me "oh, I can't afford to buy btc now because it's over $10,000"

It's better to start off by talking about satoshis.
___

"What are those charts you're always looking at?"

"I'm checking the price of satoshis."

"What are satoshis?"

"A satoshi is a hundred millionth of a bitcoin."

"What's a bitcoin?"
___

Then they start with the idea that satoshis are the basic units.
___

"What do satoshis cost?"

"You can buy a million of them for only $100."

"Wow. I can afford that. I can be a satoshi millionaire for only a benjamin?"

"Yep."

 

benjamin?

u mean a  "brown bill"

[Rosewater Foundation]

It's better to start off by talking about satoshis.
___

"What are those charts you're always looking at?"

"I'm checking the price of satoshis."

"Eww gross so cheap. That like a Doge coin?"

Fixed

[DaRude]

Is anybody here still buying?

Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

That's day trading. That's madness. I'd get r0ached for sure.

Ha roached, last i heard he went full in on http://bitcoen.io wondering how he's doing now

[pfrtlpfmpf]

Is anybody here still buying?

Of course.

If the price goes down, then buy, and if the price goes up then sell.

The price has been going up and down in the past two days... so just apply the formula.

My friend says: it´s a bubble, way to expensive. I don´t buy.
And when it goes down, he says: See, i told you, it´s bursting. I don´t buy.

Guess what comes out of it: He doesn´t buy, ever !


What can i do (he´s my friend) ?
I´ll shake him until he comes to his senses   Don´t know, what to do else.