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

[lightfoot]

Another expert: "you should be buying gold", because it will be "$10,000/oz" soon, because "some central banks may have to resort to the gold standard to restore confidence in the markets."

http://www.businessinsider.com/this-is-why-you-should-be-buying-gold-2017-11

Yeah, right. 

Soon Central Banks will be banging on our doors, begging us to sell them cheap coinz to stave off the apocalypse.

Or something. Meantime $13,000 a coin. Um.... Moon?

[Heater]

So, who here heeds Bitcoin investing advice from a crusty old
white haired Morgan Stanley fuddy duddy? (Who's last name is Roach btw,lol)
Um.....not me!.....

https://www.cnbc.com/2017/12/04/bitcoin-is-a-dangerous-speculative-bubble-yale-expert-says.html

He lost me at "no intrinsic value" and "yet to see anyone with a bitcoin in their pocket"....

He lost me at "Yale Expert"

He lost me at 'Yale'.

He lost me at 'economist' or should I say 'widely regarded economist'.

Something is seriously messed up with that profession these days.  Here is another example - he spends 50% of his words to tell us how smart he and how stupid we are and proceeds to explain why Bitcoin isn't Keynesian enough.

[bitcoinPsycho]

somebody wake me up

Are the ATH's crashing through the roof not enough to get your attention?


PS: That moment when you need to write ATH's as if it was a frequent thing.

eh? I was implying this is a dream. I'm not board, haven't slept properly for weeks now . too much  action . long may it continue

[BitcoinBunny]

Another expert: "you should be buying gold", because it will be "$10,000/oz" soon, because "some central banks may have to resort to the gold standard to restore confidence in the markets."

http://www.businessinsider.com/this-is-why-you-should-be-buying-gold-2017-11

Yeah, right. 

Resorting back to gold now is like the world resorting back to fiat once crypto has been mass adopted.

[Rosewater Foundation]

So, who here heeds Bitcoin investing advice from a crusty old
white haired Morgan Stanley fuddy duddy? (Who's last name is Roach btw,lol)
Um.....not me!.....

https://www.cnbc.com/2017/12/04/bitcoin-is-a-dangerous-speculative-bubble-yale-expert-says.html

He lost me at "no intrinsic value" and "yet to see anyone with a bitcoin in their pocket"....

He lost me at "Yale Expert"

He lost me at 'Yale'.

He lost me at 'economist' or should I say 'widely regarded economist'.

Something is seriously messed up with that profession these days.  Here is another example - he spends 50% of his words to tell us how smart he and how stupid we are and proceeds to explain why Bitcoin isn't Keynesian enough.

You want to know what is scary? Two weeks ago my sister’s former boyfriend, a private soldier that left school at sixteen, started gushing enthusiastically about bitcoin and about how he had made fifty euro on his investment over the past three weeks. I started to feel sick in the pit of my stomach

They just love to trot out the Mike Tyson argument. Snobby fucks.

[xhomerx10]

...brokers of exquisite dreams and memories tested on the sensitized cells of junk sickness and bartered for raw materials of the will, doctors skilled in the treatment of diseases dormant in the black dust of ruined cities, gathering virulence in the white blood of eyeless worms feeling slowly to the surface and the human host, maladies of the ocean floor and the stratosphere, maladies of the laboratory and atomic war... A place where the unknown past and the emergent future meet in a vibrating soundless hum... Larval entities waiting for a Live One...

Downtown

 Ah, the circumstantial ramblings of the Bitcoin junkie.  

[Phil_S]

eh? I was implying this is a dream.

Maybe it's a dream. Maybe we're all in a dream. Spin your totem.

[flynn]

Somehow I think all those "experts" who are bitching like madmen about Bitcoin being dangerous and all, are doing it out of bitterness for missing the Choo-Choo when they had the chance to get on board... Trying to justify their decision.

Actually its because they all work for the establishment and get their "research" funding from the banksters.

True story.

Situation similar to the infamous Antropic Global Warming.  Scientists get funds only if they refer to AGW somewhere in their paper. Gangsters.

[BitcoinBunny]

You want to know what is scary? Two weeks ago my sister’s former boyfriend, a private soldier that left school at sixteen, started gushing enthusiastically about bitcoin and about how he had made fifty euro on his investment over the past three weeks. I started to feel sick in the pit of my stomach

They just love to trot out the Mike Tyson argument. Snobby fucks.

So he starts to feel sick to his stomach when someone he knows has a bit of luck?

Weird and perhaps this guy would thus be more suited to working at Helga's house of pain rather than commenting on economics.

[BlindMayorBitcorn]

You want to know what is scary? Two weeks ago my sister’s former boyfriend, a private soldier that left school at sixteen, started gushing enthusiastically about bitcoin and about how he had made fifty euro on his investment over the past three weeks. I started to feel sick in the pit of my stomach

They just love to trot out the Mike Tyson argument. Snobby fucks.

So he starts to feel sick to his stomach when someone he knows has a bit of luck?

Weird and perhaps this guy would thus be more suited to working at Helga's house of pain rather than commenting on economics.

The story concerns a fox that tries to eat grapes from a vine but cannot reach them. Rather than admit defeat, he states they are undesirable.

[ghandi]

This train doesn't seem to stop anywhere anymore!  

[BitcoinBunny]

This train doesn't seem to stop anywhere anymore!  

It's like the train in GTA5. 

[600watt]

This train doesn't seem to stop anywhere anymore!  

i´d never believed anything could top the november 2013 adrenaline rush. I was a 6 months old bitcoiner.

but this is getting close it feels.

[Torque]

I was just looking at some old posts on here back in 2013, when we all dreamed of $1,000.  Anyone talking about $10,000 was seen as a nut-job, in much the same way as anyone now talking of $100,000.  Crazy indeed.  

Yep. Us permabulls back then were confident that $10k/btc would be reached and exceeded someday. We just didn't know when. The 2014-15 downturn was a temporary setback, but it just created a longer, faster ramp.

I'm more than confident that $100k/btc will be also be reached and exceeded one day. Again, it's just the timing that is the unknown. I'm guessing within 5 years max. I don't see that as being an unreasonable amount of time. There will need to be 100M+ adopters worldwide for that to be supported properly, though.

[xhomerx10]

What's the deal with IOTA going beserk? Soon it will overtake Bitcoin Cash marketcap.

I am trying to figure out.... What I have been able to figure out is that a bunch of shitcoins being traded at Finex have been ridiculously pumped for no apparent reason.

https://www.cryptocoinsnews.com/iota-price-explodes-after-microsoft-partnership-announcement/

[milkshock100]

14k in 24 hours

[LewisPirenne]

Gotta be another record with 470K+ tx done today as per Blockchain.info.  We are almost catching up to that CryptoKitties chain.  Too bad the difficulty will spike to 1.6 trillion within 2 hours.  There is probably going to be a serious backlog as we are in the middle of the week rather than the weekend.

[olseh]

I just had to post to share with someone... I finally have sold one coin from my stash after holding since late 2013. I don't hold as much as I like but enough to make a considerable difference to my life. But with that one coin I've now paid off all debt apart from my home loan. The weight that has just lifted from my shoulders feels amazing. I've got to thank each and every one of you (my original account got hacked a year or so ago) for all your wise words over the years and kept me strong through the hard times to hold. It's been an amazing ride and I'm sure it's just getting started!

[BitcoinBunny]

I just had to post to share with someone... I finally have sold one coin from my stash after holding since late 2013. I don't hold as much as I like but enough to make a considerable difference to my life. But with that one coin I've now paid off all debt apart from my home loan. The weight that has just lifted from my shoulders feels amazing. I've got to thank each and every one of you (my original account got hacked a year or so ago) for all your wise words over the years and kept me strong through the hard times to hold. It's been an amazing ride and I'm sure it's just getting started!

Congrats. 

[olseh]

I just had to post to share with someone... I finally have sold one coin from my stash after holding since late 2013. I don't hold as much as I like but enough to make a considerable difference to my life. But with that one coin I've now paid off all debt apart from my home loan. The weight that has just lifted from my shoulders feels amazing. I've got to thank each and every one of you (my original account got hacked a year or so ago) for all your wise words over the years and kept me strong through the hard times to hold. It's been an amazing ride and I'm sure it's just getting started!

Congrats. 

Thank you