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

[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.

[JimboToronto]

benjamin?

u mean a  "brown bill"

Actually, I refer to them as "brownies".

I was trying to be international. After all, this is the BTC/USD Wall Observer.

I suppose if people can post about B-cash and B-gold I can mention brownies.

Actually I prefer A-cash and A-gold, short for Altcoin Cash and Altcoin Gold. Neither one has anything to do with real Bitcoin, They're just trying to steal the name.

[Torque]

Another 4x or 10x. Talk about kicking the hornet's nest. The higher this thing climbs the more I want to go into hiding. Normals are losing their shit over this.

If you think they're losing their shit now, just wait until the halving comes... and price basically doubles within 6 months from whatever level it is at then... for what appears to be no good reason...

Can you imagine bitcoin going from say $20k/btc to $40k/btc within 6-8 months? It will feel unreal.

That's why people should just buy some bitcoin now, and relax for a few years while they casually buy more.

[RejectedBanana]

P.S.: Almost everything is a taxable event as it involves "using" the actual value of BTC which is different than when you initially acquired it. The only thing I don't agree is that "moving the coins out of coinbase" is a taxable event. That doesn't make any sense.

Where is the source for "moving coins out of Coinbase" as a taxable event?

Would this mean if the coins were bought at, say, $1000 and then moved out immediately at $1000, then the gains are effectively zero? Or that I could even claim a loss if the price dropped?

Would this also mean that the further gains to $10,000 are effectively tax free, because, double taxation and all?

[Rosewater Foundation]

Can't argue with that.

[BitcoinBunny]

$10,100+ now. Took just minutes.

Will this thing hold $10K+ this weekend or not I wonder.

[HairyMaclairy]

$10,100+ now. Took just minutes.

Will this thing hold $10K+ this weekend or not I wonder.

 Well that’s the $10,000 question isn’t it. 

[bitcoinPsycho]

$10,100+ now. Took just minutes.

Will this thing hold $10K+ this weekend or not I wonder.

we could be looking at $11000 at the weekend based on hope

[Paashaas]

should i buy now or wait?

The price has tanked with more than $2000+ it might drop in the $8000 range but it's better to buy now.

Selling at this point is to risky.

Did you bought the dip ChristiTCM?

[Torque]

Hey in other news, precious metals are on sale. I'm sure that r0ach is sad.

If you ever wanted to own some, now's a good time.

[RejectedBanana]

can you name me a new technology that has been banned? why on earth would bitcoin be the first one? digitization of our entire culture is inevitable. digitization is in the sam e league as industrialization. it cannot be stopped.  

Possession of a Guggenheim printing press might have cost you your life at some points in history.
Distillation is widely illegal on an individual basis. Absinthe suffered a worldwide ban post-WW2. Hell, even alcohol itself was illegal in the US for a good time during Prohibition.
Equipment used for counterfeiting currency is illegal
Torrenting DRM material is illegal
Anti-DRM technology is illegal
Owning gold as currency was illegal in the US during wartime
Certain drugs and technology to produce them, both natural and synthetic are largely illegal.
Weapons of mass destruction are illegal (as mentioned)
Firearms are illegal in many countries
Hell, the Internet is even illegal in some countries. Certain social media is illegal behind China's great firewall.
There is even talk of making some types of encryption illegal

Basically, any technologies involved in the spread of information or ideas or substances that affect thinking or could cause harm or disruption to society have, at some point or another, been banned or attempted to be banned by some government. Governments and those in power will do anything to maintain the status quo.

I agree however that most technologies cannot be stopped. Won't stop them from trying, though.

[BitcoinBunny]

When I was a student and travelling between Amsterdam and the UK I was often reminded by customs (I guess because I am male and was young) bringing porn (of any kind) into the UK was illegal.  

[RejectedBanana]

I'm not much of one for TA, but looks like we might be halfway through an inverse head and shoulders. Bullish!

Confirmed? Looks like we just completed the right shoulder... Oort cloud here we come!

Anyone here ever read the old Gateway series with the giant food factories harvesting the Oort cloud?

[Paashaas]

What happend with all those doom predictions from those banksters, goverments, financial experts and 2 noble price winners?

I've seen a lot of FUD this week but somehow they disappeared 

Welcome back $10.000!

[Ibian]

Totally OT, but if anyone likes scifi look up The Deathworlders. Ongoing story with monthly updates.

[yefi]

Goldman Sachs CEO:   Something that moves 20% overnight does not look like a currency.  It is a vehicle to perpetuate fraud. 

To return to the Swiss, the franc appreciated 41% in less than an hour in January 2015. The whole of Switzerland must therefore be a vehicle to perpetrate fraud.

Also, an overnight drop of 8% in the pound sterling, which is the fourth largest currency, is A-OK apparently.