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

[BTCMILLIONAIRE]

Oh my god, Bitcoin crashed to 17k overnight. $6k down!! Bitcoin is dead!

[Rosewater Foundation]

There are too many people talking their book while their Bcash is locked up in Coinbase. This will change come 1 Jan.

I noticed, I hope so.

[HairyMaclairy]

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

It means I am thankful we don’t have Bitcoin kitties.

[TERA2]

When you open chrome from 2 weeks ago and theres still a tab that says 10K, or 4K...

[JayJuanGee]

What could a potential correction bring us to?  I think most of us agree that we're due for one but for those of us that have been here long enough, bitcoin "crashing to 10k" would sound like a pipe dream a couple years ago.

Even a month ago actually XD

I'm sure people here would appreciate chartbuddy - and even the political stubborness of its director...    

[Rosewater Foundation]

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

It means I am thankful we don’t have Bitcoin kitties.

It means you can send value unfettered across the most secure, censorship-resistant, global ledger for less than the cost of a dinner for one. I can't believe this is still an argument. Why aren't these people using DOGE for their cheap fix?

[Rosewater Foundation]

The fee market works. This is good, no?

[exponential]

You guys were right about no Ferrari, I have decided to just cash out a smaller amount and buy something a little more reasonable.  In the end, I'm still in Bitcoin but I also get to have something to enjoy and show for it.  This has been keeping me up for days and making me feel sick.  What a fucking load off.  Now to get a vanity license plate about bitcoin    It was nice to see chartbuddy again today.  So nostalgic. 

[ErisDiscordia]

And only angels fly, because they take themselves lightly

So you agree that women are large children.

Once upon a time your antisemitism and misogyny were at least logically consistent. Nowadays you are just ranting and raving in an increasingly incoherent way. You should consider refraining from posting until Bitcoin crashes and you feel somewhat more validated in your deluded worldviews.

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

That is a hefty fee for a transaction in general but then again it depends on what sort of a transaction it is. I hope and am quite confident that we will eventually develop feasible ways to have cheap and small transactions in crypto, be it on-chain, off-chain or on another blockchain. I am no dogmatic Bitcoin maximalist.

[HairyMaclairy]

You guys were right about no Ferrari, I have decided to just cash out a smaller amount and buy something a little more reasonable.  In the end, I'm still in Bitcoin but I also get to have something to enjoy and show for it.  This has been keeping me up for days and making me feel sick.  What a fucking load off.  Now to get a vanity license plate about bitcoin    It was nice to see chartbuddy again today.  So nostalgic. 

You can still have your Ferrari.  Just not today.

[JayJuanGee]

At the beginning of 2017, I was guessing that we'd end the year somewhere between $1600-1800/btc.

Only missed it by a factor of 10.  

Of course in hindsight, all the bullshit, shake outs, fake outs, upgrade blockades, flippenings, etc. now all make perfect sense.

They knew that far in advance.

Oh get the fuck out of here Torque - with your hindsight fatalism nonsense...


If I did not like you so much, I would do this  to you, but instead I am going to do this ..    and this   

[TERA2]

You missed China.

Remember when China banning Bitcoin meant it should be below $400? Now all the Chinese exchanges are gone and here we are.

[exponential]

You guys were right about no Ferrari, I have decided to just cash out a smaller amount and buy something a little more reasonable.  In the end, I'm still in Bitcoin but I also get to have something to enjoy and show for it.  This has been keeping me up for days and making me feel sick.  What a fucking load off.  Now to get a vanity license plate about bitcoin    It was nice to see chartbuddy again today.  So nostalgic. 

You can still have your Ferrari.  Just not today.

Very true, for now my 1:18th scale model shall suffice 

[JayJuanGee]

I am sure you'll be most welcome by more than a few here.  Big Blockers get a hard time, yep - it's pretty much heavily pro-Core of course, but it's still fun and all and sundry drop in and pretty much all points of view exist, as they probably should - although the ignore button is still an occasionally welcome option

I have no problem with any of that. Small blocks, big blocks, it's a conversation to be had and I'll go toe-to-toe with anyone about my opinions. I just don't like what happened to that conversation and feel that visiting this site, unfortunately, supports the perpetrator(s).

Ridiculous conspiracy all in your head and in the heads of the other r/btc nutjobs.. including Ver, jihan and Craig... .. all circle jerking the same bullshit censorship nonsense over something that more or less did not exist... except for the purpose of whining, distracting and trying to change the governance of bitcoin with the various attacks and nonsense.

[ErisDiscordia]

Ridiculous conspiracy all in your head and in the heads of the other r/btc nutjobs.. including Ver, jihan and Craig... .. all circle jerking the same bullshit censorship nonsense over something that more or less did not exist... except for the purpose of whining, distracting and trying to change the governance of bitcoin with the various attacks and nonsense.

Thank you for providing a prime example of the toxic approach Richy_T was describing.

[JayJuanGee]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

I think a fundamental problem with the analyses of these wall street types is that they can't comprehend the power of the HODL.

Many of the early adopters, who are still HODLing, got involved in bitcoin to begin with for philosophical, moral, or political reasons. These HODLers are fundamentally different from 99.9% of people/organizations who are long on a stock.

The typical equities investor will take profits at fairly predictable intervals, and cut their losses at fairly predictable levels. Bitcoin HODLers realize they're invested in a world changing technology that has an incomprehensible upside in price still.

A trillion is only a tripling away.  You aren’t getting my coins for a tripling.  I’m looking 20 years out.  The problem is we believe and they don’t. Wall Street are the weak hands in this game.

That's another way to put it.  

What a wonderful quote.. I am going to have to go GAY on this one.. just for funzies:


they can't comprehend the power of the HODL



 

[JayJuanGee]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.
This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

I don't know if you're a brother or not, but heck, if you're ever passing through Butte, I reckon we should get drinks and chat.

All hetero like.

No homo.

That's what she said.

[Searing]

One day...I'm gonna wake up....look at BTC price...and spit up my orange juice all over myself...

(wait did that today) ...but then the other shoe will drop and

I will, then immediately sell my hoard....w/o any regrets...just BLAMO!

It has not happened yet, but someday, I will snap like a 'dry twig' and sell the works...

It will be interesting to see where my breaking point is 20k 40k 90k 200k?

So it is ME or BTC.....one of us will crack.....Moon or Tulips! Baby!

BTC Morality: At what price will I snap? (muses deep thoughts)

[jbreher]

So these so called "uncorrelated assets" that are supposed to both move in the same direction

idonotthinkthatwordmeanswhatyouthinkitmeans.png

That was a dumb comment.

No, your assertion was ignorant. Pick up a dictionary. Look up the word 'uncorrelated'.

Uncorrelated assets do not move in the same direction. There is no correlation to the direction of the moves of uncorrelated assets. Sure, they can move in the same direction, except for when the move in the opposite direction. Which would be about half the time.

[Rosewater Foundation]

One day...I'm gonna wake up....look at BTC price...and spit up my orange juice all over myself...

(wait did that today) ...but then the other shoe will drop and

I will, then immediately sell my hoard....w/o any regrets...just BLAMO!

It has not happened yet, but someday, I will snap like a 'dry twig' and sell the works...

It will be interesting to see where my breaking point is 20k 40k 90k 200k?

So it is ME or BTC.....one of us will crack.....Moon or Tulips! Baby!

BTC Morality: At what price will I snap? (muses deep thoughts)

This is why you deep cold store your coins. And why you never live anywhere with a balcony. Don't set yourself up to trust your own impulse control.