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

[ragnar0k]

Also nobody is really excited. I mean, I don't know what it would take for me at this point. Another tenfold rise maybe?

Us oldies don't count. It's them noob emotions you have to keep an eye on.

I've seen way more seniors than us noobs bearing around lately!

[jbreher]

I just checked Coinmarketcap and they say it's over 10kEUR. Bitcoinaverage, whom I trust more, say it's only 9990EUR.

Do we consider this landmark reached?

Well, average has crossed a few times, but both Kraken and Stamp not yet. So for me, the landmark is not reached yet.

I think that there is a natural tendency for humans to 'cash out' at human-friendly prices. So I expect a fair amount of hodl > sodl at 10K Euro. Accordingly, perhaps the relevant question is not when we reach 10K, but rather when we leave it in the rearview.

Aren't you supposed to be a bear?

Said who? You need to quit stereotyping people animals. If you don't it'll turn you into a social pariah someday.

Your bench selfie. Or are you one of those genderfluid unicorns?

No. Just extremely hirsute. If you had any sort of inkling the ostracism I've had to deal with due to simple vagaries of divergent genetics, you'd likely change your tune. If you have either a heart or a brain, that is.

[Rosewater Foundation]

Also nobody is really excited. I mean, I don't know what it would take for me at this point. Another tenfold rise maybe?

Us oldies don't count. It's them noob emotions you have to keep an eye on.

I've seen way more seniors than us noobs bearing around lately!

We've seen things you can only imagine. 

[explorer]

A big short is forming..?
https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin


spooked
again

Are you feeling any better about this?  The more I think about it the more it worries me...

Nope. There will be tears. But what can you do?

But these turds need tu buy a shitload of BTC first before shorting for a big fall, or i am wrong? If i am right, price has to be pumped as hell first before that.

Someone sure as hell flooded the market with new money between the time he called bitcoin a fraud, and now that his company is calling it the "New Gold".

Let's say you had access to billions of investment dollars...  And you want to open a lot of short positions say... oh I dunno... December 10th?  What would you do with bitcoin between august and then...  and then what would you do right after Dec 10?

I'm hoping Goldman and JP duke it out in a fit of greed. Like JP is all set for their manufactured market crash, then Goldman or Fidelity just decides game on bitch and pumps that shit. See, now BTC is the 24/7 financial arena for the old world to battle with.

You got to wonder would old financial giants see clearly and put differences aside, unite, and sling a rock at the young but growing Goliath? Or will they claw at each other?

More than likey they are all cannibalistic sociopaths.  They've been circling each other with smiles forever,  Bears eating salmon in the river... or smaller Bears, if they get too close.

[jbreher]

Anyone know if you can trade on gdax without a coinbase account? Cause I don't wanna set up anything coinbase.

Request is ... straaaange.

I don't know.

GDAX _is_ Coinbase. Just another view thereof.

[JimboToronto]

Ugh. I feel like such a loser. I just swept a paper wallet with 0.4BTC in it.

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

Phuque I hate spending any of my precious coins but I guess if I had to do it, today was as good a time as any. Unfortunately, the sell rate was up so I only got a little over $14k per coin including fees.

I guess I shouldn't bitch though. I still made over 50% profit over what I paid in November. That's the beauty of buying the dip. If you have to sell, it's pretty much guaranteed to be at a profit.

Hopefully I'll get to buy it back soon.

[BlindMayorBitcorn]

Ugh. I feel like such a loser. I just swept a paper wallet with 0.4BTC in it.

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

Phuque I hate spending any of my precious coins but I guess if I had to do it, today was as good a time as any. Unfortunately, the sell rate was up so I only got a little over $14k per coin including fees.

Hopefully I'll get to buy it back soon.

Jimbo sodl! epic!

[BlindMayorBitcorn]

Ugh. I feel like such a loser. I just swept a paper wallet with 0.4BTC in it.
I needed a little cash in a hurry so I bought $5000CAD at the local ATM.
Phuque I hate spending any of my precious coins but I guess if I had to do it, today was as good a time as any. Unfortunately, the sell rate was up so I only got a little over $14k per coin including fees.
Hopefully I'll get to buy it back soon.

Jimbo sodl! epic!

Bitcoin is dead.

[Dharnchuks]

Ugh. I feel like such a loser. I just swept a paper wallet with 0.4BTC in it.

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

Phuque I hate spending any of my precious coins but I guess if I had to do it, today was as good a time as any. Unfortunately, the sell rate was up so I only got a little over $14k per coin including fees.

I guess I shouldn't bitch though. I still made over 50% profit over what I paid in November. That's the beauty of buying the dip. If you have to sell, it's pretty much guaranteed to be at a profit.

Hopefully I'll get to buy it back soon.

How does paper wallet work? Just hearing of it for the first time.

[LewisPirenne]

Those Koreans are crazy now at almost 1.5 mio BTC/KRW, i.e. close to 14K BTC/USD on Bithumb.  BTC/JPY also made a new high near 1.45 mio BTC/JPY on Bitflyer. 

[Torque]

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

You can get that much out of an ATM in Canada?    

On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something.

[explorer]

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

You can get that much out of an ATM in Canada?    

On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something.

5000CAD is probably not as much as you think 

10M+ served... I think you smell the McFish burger, or whatever the fuck they call it.

[HairyMaclairy]

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

You can get that much out of an ATM in Canada?    

On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something.

That’s helpful information.   We can assume that Coinbase is not reporting the numbers because they are not favourable (they would shout them from the rooftops if they were setting new records). I interpret that to mean the adoption surge is slowing, at least in the US.  This would be a short term bearish indicator.

[sirazimuth]

Ugh. I feel like such a loser. I just swept a paper wallet with 0.4BTC in it.

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

Phuque I hate spending any of my precious coins but I guess if I had to do it, today was as good a time as any. Unfortunately, the sell rate was up so I only got a little over $14k per coin including fees.

I guess I shouldn't bitch though. I still made over 50% profit over what I paid in November. That's the beauty of buying the dip. If you have to sell, it's pretty much guaranteed to be at a profit.

Hopefully I'll get to buy it back soon.

How does paper wallet work? Just hearing of it for the first time.

you can make one here

myself I just like hovering  around and making patterns on the screen 
then you get a private key!...that's the easy part...
securely funding it?....well that's the hard part....I never got that far.....

[explorer]

I needed a little cash in a hurry so I bought $5000CAD at the local ATM.

You can get that much out of an ATM in Canada?    

On another topic, Coinbase stopped reporting exactly how many accounts are being created monthly. Now their webpage just says "10M+ customers served" Which is like bullshit because they were just at 12.4M. Smells fishy, like they are trying to hide something.

That’s helpful information.   We can assume that Coinbase is not reporting the numbers because they are not favourable (they would shout them from the rooftops if they were setting new records). I interpret that to mean the adoption surge is slowing, at least in the US.  This would be a short term bearish indicator.

They've also just been in the news with the IRS fight.  That could dampen enthusiasm for their brand...Briefly.

add:

There's also no denying the smell of old fish is off-putting...

[HairyMaclairy]

Those Koreans are crazy now at almost 1.5 mio BTC/KRW, i.e. close to 14K BTC/USD on Bithumb.  BTC/JPY also made a new high near 1.45 mio BTC/JPY on Bitflyer.  

I looked into opening a Korean bank account yesterday to run arbitrage. You have to be in country and it looks like they have forex controls which limit the amount of fiat you can take out of the country.  Serious pain in the ass. Helps to explain the popularity of Bitcoin and the price spread.

Good point re IRS.

[jojo69]

fucking governments dude...who do they think they are?

[jbreher]

How does paper wallet work?

Determine your private key. Write it down on a piece of paper. Done.

It'll 'work' for as long as you keep it hidden from prying eyes, and are still able to read what is written on the paper.

The term has been generalized to convey the concept of affixing a private key - in visible alphanumeric form - upon any tangible medium by any means (e.g., stamped into metal).

[UltraMegaSick]

almost hit 12k waiting for it to dump some of mine!

[JimboToronto]

How does paper wallet work? Just hearing of it for the first time.

https://coinsutra.com/make-bitcoin-paper-wallet-spend-bitcoins/

It takes a little work, but it's the most secure way to hold bitcoins.

Some ATMs generate paper wallets for you but then you have to trust the ATM operators. They're also usually printed on thermal paper so it's wise to transfer them to paper wallets you generate yourself.

It's also a good idea to print them on a printer that is never connected to an internet-connected computer. Printers can be hacked.

Spending is easy. Just use the sweep option of a mobile wallet. In Mycelium  wallet, tap the 3 little dots in the upper right corner and choose "Cold Storage".

This will allow you to transfer all the coins to your wallet app. If you don't want to spend all your coins immediately, you can transfer the remainder to another paper wallet.

This is why I prefer to keep my coins in many wallets. You can sweep a wallet with only as many coins as you want to spend or feel comfortable carrying in your phone.