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

[JayJuanGee]

Here's a wild firstworldproblem.  I'm torn.  On one hand, I have ALWAYS wanted a Ferrari.  Here I am able to buy one, something I never thought would happen.  I could sell now, get my ferrari and be happy.  On the other hand, I could hodl, it could either go up or down.  If it goes down, I feel satisfied with my choice.  If it goes up, I will feel some regret but fuck it, I have a god damn ferrari.  I have a house and no debt, perhaps I'm just being greedy at this point and should get the one thing I've wanted and be happy with it.  Fucking wild decision I never thought I'd even have to make.  

If you have to think that much about the situation, then a ferrari is out of your budget.

What if we have a doubling from here, then perhaps at that time, a ferrari would be in your budget because you could use half the previous number of coins to buy the same car.

You have permission to buy a Ferrari when it is less than 10% of your stack. And not before.

Hahahahaha... those are much more specific (and ultimately better) guidelines than the ones that I attempted to give.... so yeah, instead of just randomly saying:  "I have enough for a ferrari", you calculate some kind of reasonable formula, and sure, I am nearly as conservative as you, which would be something like 10%, but for those who are not as conservative, they might tip at 50% but lower is a bit better, especially when buying a most likely depreciating objection (or a consumption good).

[600watt]

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.

those are the craziest and busiest days in bitcoinland ever. a $6k candle on coinbase. hundreds of thousands new bitcoiners every hour, everyone freaking out, sending btc too or from the exchange, sending their coins too or from their hardware wallets, sending some fractions to family because they finally show interest, pure global bitcoin madness.

your complaint sounds like someone complaining about that giant traffic jam that occurs, when there is a hurricane approaching and everyone tries to get away with their car.

[Last of the V8s]

So...some of us remember the early days when someone with a good chunk of money, like $10-50k could come in and move the market around and we saw a lot of volatility and watched as the walls moved things up and down (hence a thread to watch those walls).

The response to such volatility was that as the market grew such small amounts wouldn't be able to manipulate the market and things would stabilize. But now we have financial firms and big time investment companies coming in doing the things that the small whales did in the early days.

The same response to the volatility holds true, eventually the market cap will be so big that even those big firms can't move the price very much.

Then come full nation states trying to move the price.

then we win?

no not really, they have guns, tanks and jet bombers  

you will just need to happily pay your tax then all should be good.

defeatist tripe.
don't pay them any taxes now or ever again
they won't have any money
they won't be able to pay anyone to drive their tanks

[TERA2]

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

[criptix]

1 btc = 1 ferrari? pff  

1 btc = 1 lambo, this is the goal gentlenman  

/edit

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

you can arbitrage between the futures and bitcoin market!

[HairyMaclairy]

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

Yes.  But one side has to naked short if not hedged in real bitcoin. 

[exponential]

1 btc = 1 ferrari? pff  

1 btc = 1 lambo, this is the goal gentlenman  

/edit

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

you can arbitrage between the futures and bitcoin market!

This website is perfect: http://lambo2btc.com/

[BitcoinBunny]

[TERA2]

How does btc futures arbitrage work, if a btc future is a limitless imaginary cash settled game that cant leave the account of the owner? Its like betting on horses. Im less bullish on this after learning how it works. The public isnt really getting exposure to bitcoin at all.

Its actually a way to keep all the traders OUT of the real bitcoin ecosystem, and dumping billions of imaginary bitcoins for them to hold instead, so we have less real market cap. bearish

[JayJuanGee]

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.

NOT...

It is calling a spade for what it is.  There are a bunch of nonsensical loser arguments, attempting to disguise themselves as if they were legitimate.  They are not legitimate arguments, and we should not attempt to pretend that they are.

[JayJuanGee]

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)

You are not going to snap.


You are in for life... until you croak....       

[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)

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.

Yep...safety deposit box

[fragout]

http://chrisyeh.blogspot.ie/2017/12/bye-bye-bitcoin-bubble.html (Adventures in Capitalism: Bye Bye Bitcoin Bubble)

This article appeared yesterday where the author said he would bet any money that bitcoin would be less than $16k on Dec 2018. Its the usual fud article but the best reply he received in the comments section and the best i've seen in awhile was -

Bitcoin is not a bubble, its the Pin!

Jimmy Song offered to bet $10k already against him

[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)

You are not going to snap.


You are in for life... until you croak....       

this is probably true...I see the price I will sell for (ah...at last enough money for a shot at being Natalie Portman's love puppet!), but the sheer shock/joy of the revelation

will kill me deader than a doorstop (with a large grin on my face) Twilight Zone Episode: So you have a good price on your BTC....but this is a twilight zone episode...Bitcoin:

do you master it or does it master you? evil laugh: bruahahahaha ! snort!

crap...seems likely after today crap!

[HairyMaclairy]

We still haven’t had our 20% swing.  Surely the whales can try harder. 

[pfrtlpfmpf]

1 btc = 1 ferrari? pff  

1 btc = 1 lambo, this is the goal gentlenman  

/edit

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

you can arbitrage between the futures and bitcoin market!

This website is perfect: http://lambo2btc.com/

You forgot the "upkeep", but wait a little longer, and we get that too. ( Marc de Mesel knows, what that means )
Oh, now i have to see at youtube, where he´s up to . . . Hope he´s allright after this slaughter  


edit: i looked, and, well, why doesn´t he just buy bitcoin, and give up ? (That Lambo is worth shit now, i wouldn´t want it for free)
I see drunk people talking shit in his videos.
Oh, Marc de Mesel, where have you gone ? Not all your fault, but nevertheless, snap out of it ! Come back ! Without Lambo, no problem, nobody needs a Lambo, your personality was enough !

[JayJuanGee]

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)

You are not going to snap.


You are in for life... until you croak....       

this is probably true...I see the price I will sell for (ah...at last enough money for a shot at being Natalie Portman's love puppet!), but the sheer shock/joy of the revelation

will kill me deader than a doorstop (with a large grin on my face) Twilight Zone Episode: So you have a good price on your BTC....but this is a twilight zone episode...Bitcoin:

do you master it or does it master you? evil laugh: bruahahahaha ! snort!

crap...seems likely after today crap!

Well.... spend your fiat first, and if you need a little BTC here and there, then cash some out.  Actually it is all profits now anyhow, so maybe there will be months when you want to use it... to buy a boat, or go on a 3 month cruise or something like that., perhaps... but you do not need to cash out the whole stash for that spending money, especially since it seems that the we have a good price and I don't see any reason to crash.. perhaps we will, perhaps we will, but even if we crash 70%, most of us long terms are still in decent profits, no?  And of course, we would prefer to cash out some coins when BTC prices are on an upturn rather than when they are on a downturn... so sometimes we might have to project ahead a little bitsie.

[jojo69]

like to see this higher low hold

[exponential]

http://chrisyeh.blogspot.ie/2017/12/bye-bye-bitcoin-bubble.html (Adventures in Capitalism: Bye Bye Bitcoin Bubble)

This article appeared yesterday where the author said he would bet any money that bitcoin would be less than $16k on Dec 2018. Its the usual fud article but the best reply he received in the comments section and the best i've seen in awhile was -

Bitcoin is not a bubble, its the Pin!

Jimmy Song offered to bet $10k already against him

People who write articles like this just set themselves up to look like total idiots in the future.  Prime example: https://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

[Wekkel]

Sometimes it is better to remain silent with people thinking you are an idiot than writing a blog post and proving it. But no one can foretell what the Bitcoin price is in December 2018. Only the Master who uses the force