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

[TERA2]

I always wondered if I went back in time and bought 1,000,000 coins, what would happen and how it would change. Maybe btc would just fail altogether.

[arklan]

I always wondered if I went back in time and bought 1,000,000 coins, what would happen and how it would change. Maybe btc would just fail altogether.

how about if ya go back and just started mining earlier? like in 2009 when CPU was the way to go... then "oh look, it's BFL... well, i'll ignore that..." and "mt gox? hmm... maybe i'll stay away..." and so on. same events happen, just you choose the "not screwed" side.

course, moot point, since it requires time travel...

personally, i just wish i hadn't sold what i at one point had. or that i'd worked out my shit and kept distributing asic block eruptors... i bet canaryinthemine made bank...

[Rosewater Foundation]

I always wondered if I went back in time and bought 1,000,000 coins, what would happen and how it would change. Maybe btc would just fail altogether.

how about if ya go back and just started mining earlier? like in 2009 when CPU was the way to go... then "oh look, it's BFL... well, i'll ignore that..." and "mt gox? hmm... maybe i'll stay away..." and so on. same events happen, just you choose the "not screwed" side.

course, moot point, since it requires time travel...

personally, i just wish i hadn't sold what i at one point had. or that i'd worked out my shit and kept distributing asic block eruptors... i bet canaryinthemine made bank...

It's heartbreaking how many early Bitcoiners got shook out early. Hell, how much was a bitcoin worth when Theymos was cashing out to pay slickage? Could probly build a seastead by now.

[TERA2]

Someone is throwing up big bid walls

This was just 4-5 years ago when I first started trading here. These walls were such a big deal. Everyone would fear these walls and they'd change the course of the entire market. Now this amount of fiat would just be a 30BTC wall. There are thousands of them and any one of us could put one up.

[Rosewater Foundation]

Good to remember things like this in the right light. The market is a lot more mature now. Just as volatile, I should think.

[RoomBot]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

Not yet. OTOH, my daughter asked me to walk her through my 'laddered day trading' strategy for monetizing the volatility. She's been sitting on her BTC for just shy of four years now. I guess she's ready.

Love it.

Bitcoin Gen 2.0

[assbot]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

Not yet. OTOH, my daughter asked me to walk her through my 'laddered day trading' strategy for monetizing the volatility. She's been sitting on her BTC for just shy of four years now. I guess she's ready.

Love it.

Bitcoin Gen 2,0

Girl,...

[JayJuanGee]

For anyone other than Bitmain to spam Bcash they'd have to buy it and kiss it goodbye forever as no one other than Bitmain is mining it.

https://cash.coin.dance/blocks/today

Beware your message can be censored.

Yesterday I spoke in this forum about unconfirmed transactions to know if they were spam or not

All my posts have been deleted

PS: this post will be censored in 3 ...., 2 ......., 1 .......

To be accurate, I didn't delete all your posts - just most of them.
...because they were shitposts.

 

[TERA2]

[Wekkel]

It's a Trap 

[HairyMaclairy]

Good to remember things like this in the right light. The market is a lot more mature now. Just as volatile, I should think.

I don’t think we’ll ever see a 96% crash again (the sole exception being a hidden flaw in the bitcoin protocol).  A 40% crash is going to be a “big deal”.

[JayJuanGee]

I love how your all online shopping for teslas n lambos while I'm sitting here on my 0.44 btc hoping for it to hit 25k or something crazy to make my life alittle smeg easier than living pay check to pay check 😂😪

Rome was not built in a day, and neither was financial prosperity.

Almost always financial prosperity takes a long time to build; however, you are on a real fucking decent track if you have at least identified an asset in which you believe that you are going to feel comfortable investing in the long term, namely bitcoin, - so long as you do not get distracted by stupid-ass "get rich quick" schemes, such as propaganda of various alts that attempt to trick you out of your bitcoins by playing on your temptations to gamble on luck  rather than something more solid, like bitcoin, that has foundationally strong fundamentals.

[AlcoHoDL]

This could well have been written about me.

I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing.

https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/

I'm spooked again.

So, theymos is now advising those of us who went 50% in on Bitcoin, and are now nearly 90% in due to a rising Bitcoin, to sell 45% of our BTC stash, in order to return to the initial BTC/total investment of 50%.

I respect him, but can't help but wonder if that is a good piece of advice... I feel I should have invested more in BTC when I could. But I guess that's the greedy side of me talking. Will see how things play out...

[TERA2]

http://whatbubble.ytmnd.com/

[DaRude]

This could well have been written about me.

I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing.

https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/

I'm spooked again.

So, theymos is now advising those of us who went 50% in on Bitcoin, and are now nearly 90% in due to a rising Bitcoin, to sell 45% of our BTC stash, in order to return to the initial BTC/total investment of 50%.

I respect him, but can't help but wonder if that is a good piece of advice, or a borderline FUD call...

Just a typical diversification advice. Don't invest more than you can loose etc.etc..etc...

[HairyMaclairy]

This could well have been written about me.

I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally choosing to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing.

https://www.reddit.com/r/Bitcoin/comments/7gi55s/dont_invest_recklessly/

I'm spooked again.

So, theymos is now advising those of us who went 50% in on Bitcoin years ago, and are now nearly 90% in due to a rising Bitcoin, to sell 45% of our BTC stash, in order to return to the initial BTC/total investment of 50%.

I respect him, but can't help but wonder if that is a good piece of advice, or a borderline FUD call...

If you have enough to lead a happy, comfortable life if Bitcoin goes to zero tomorrow, then there’s nothing wrong with the vast majority of your wealth being tied up in Bitcoin.  

[JayJuanGee]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

Not yet. OTOH, my daughter asked me to walk her through my 'laddered day trading' strategy for monetizing the volatility. She's been sitting on her BTC for just shy of four years now. I guess she's ready.

Well, you going to share some kind of outline of that overall strategy with us (in it's current iteration and how it might vary for your daughter, who likely has a smaller BTC/fiat stash), or is your overall strategy a secret to pass only on to family members?

[DaRude]

I always wondered if I went back in time and bought 1,000,000 coins, what would happen and how it would change. Maybe btc would just fail altogether.

Do not f*ck with the past, it's working out perfectly ... well for the majority of us at least. Just continue doing whatever it is that you do.

[JayJuanGee]

Good to remember things like this in the right light. The market is a lot more mature now. Just as volatile, I should think.

I don’t think we’ll ever see a 96% crash again (the sole exception being a hidden flaw in the bitcoin protocol).  A 40% crash is going to be a “big deal”.

You go from pessimistic to optimistic to pessimistic.. currently seeming optimistic.. ?.

We had a 40% drop in mid September from $4980 to $2790, and then we had a 30% drop a couple of weeks ago from $7,888 to $5,555, and then we just had nearly a 27% drop from $11,395 to $9,000.

I personally think that a 60% to 80% drop is possible, especially if we look at spike amounts, and perhaps, it could be sustained at somewhere above 60% - however, it does not seem that we get there in the near future based on current BTC price market dynamics, and gosh, I am not sure how much we go up before a BIG ASS crash and even sustained downward manipulation becomes realistic.. so yeah, maybe we go up to $30k first, or perhaps $80k...

We cannot really know the amount that we are going to go UP until we go there and even how long it might take to get to the UP point.  For example, I think that if all of a sudden, within less than a week, we were to do a 3x in the current BTC price, then that would likely NOT be sustainable and perhaps in that kind of situation, then we may get more than a 60%, and even perhaps spikes down to a 80% correction?

So, my point is that I would not rule out these kinds of BIG ASS corrections, even though in the current market situation, any such correction is not likely to get anywhere close to 40%, because we just had one, within the past week, that took us down nearly 27% and we "recovered" quite nicely.. so having another 40% seems a bit preposterous.. absent some major successful FUD or something like that.

[TERA2]

-CME cancels the future due to SEC
-Japan pulls a China
-Segwit/Lightning/etc are teh fail
-Bitfinex is goxxed
-Satoshi becomes a bear and dumps all in one market order on Bitstamp filling my order for a million coins at $0.11