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

[Rosewater Foundation]

^Someone is trying hard today

[HanvanBitcoin]

kraken inside trading is not even hidden, the exchange always go down during major movements

when you can finally connect, it's all gone  

And if you can magically connect during those, your orders don't pass till they finish theirs

'

My sell order went through fine after trying about 3 times.

[luckygenough56]

^Someone is trying hard today

But he's probably right this time, when btc hits the news like that, it's time to sell. Trading is always inverted psychology and there's no such thing as everlasting rise...

kraken inside trading is not even hidden, the exchange always go down during major movements

when you can finally connect, it's all gone 

And if you can magically connect during those, your orders don't pass till they finish theirs

'

My sell order went through fine after trying about 3 times.

Yeah u need to spam orders like mad haha

[Syke]

A bad time to invest in Bitcoin
October 8th, 2017

Back in 2013 I urged people to invest in Bitcoin.

Yesterday someone asked my cleaning lady to invest in Bitcoin.

Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.

But when cleaning ladies are asked to invest in Bitcoin, not a good investment.

When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale.  Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.

When that blog was posted the price was ~$5k. Now it's ~$17k. I hope the cleaning lady took the "other" person's advice to invest.

[sirazimuth]

^Someone is trying hard today

Well idk about that...after all, he hasn't mentioned cuckolds yet....

[luckygenough56]

but the cleaning lady doesn't know she needs to sell when it goes parabolic so she will hold till 100k

which will only happen in 4-5 years afters years of exhausting bear market, if ever

[xhomerx10]

[infofront]

The meme and word "HODL" came from a misspelling of "hold" posted in a whiskey fueled rant four years ago this month in 2013 on BitcoinTalk. Sellers were panic selling as the market crashed from $900 to $700. HODL was good advice.

https://twitter.com/brucefenton/status/940205591951179776

Actually...

https://bitcointalk.org/index.php?topic=375643.0;topicseen

I was on that night, GameKyuubi was hilarious.

I keep that thread "marked as unread" so I can go back anytime and laugh my ass off all over again.

Have never realised I was the first person to LOL at HODL 

This is how mainstream we are now.

A few days ago someone on my facebook list, non crypto, not BTCT member said we should "HODL!"     zomg

That sounds bearish. It's like the old story of Joe Kennedy, who decided it was time to dump his stocks when his shoeshine boy started giving him stock tips.

[erre]

but the cleaning lady doesn't know she needs to sell when it goes parabolic so she will hold till 100k

which will only happen in 4-5 years afters years of exhausting bear market, if ever

If the cleaning ladies are entering the market, we will see parabolic rise for the next 5 year. Cleaning ladies are slow, and there are plenty of them. Just let the first one of two make 100x and tell their friends about this ponzi-bitcoin thing... in the coming years they are going to sell ALL their gold and silver to buy it. Bullish.

[Rosewater Foundation]

Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

[luckygenough56]

my kebab provider started mining crypto a few months ago

very bearish

[luckygenough56]

Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

there's no such things only market makers making you think this is it 

[Wekkel]

Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

Although many have heard of Bitcoin, the last man/woman/gender-neutral is not in. Not by a long shot.

[suzanne5223]

A bad time to invest in Bitcoin
October 8th, 2017

Back in 2013 I urged people to invest in Bitcoin.

Yesterday someone asked my cleaning lady to invest in Bitcoin.

Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.

But when cleaning ladies are asked to invest in Bitcoin, not a good investment.

When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale.  Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.

When that blog was posted the price was ~$5k. Now it's ~$17k. I hope the cleaning lady took the "other" person's advice to invest.

From my own point of view Reakr0arch was literally talking about the comment made by James A. Donald "If hundreds of millions of people are doing transactions, that is a lot of bandwidth - each must know all, or a substantial part thereof." Which now leads to transaction congestion.

[HairyMaclairy]

Bitcoin isn't a stock. You all are missing the big picture. This is mainstream adoption.

It’s not a shitty precious metal either that you can shovel out of the ground as soon as the price rises.  I don’t think you guys realize how many shuttered gold mines there are around the world that can just be turned on with the flick of a switch.

The reason PMs sit at close to their cost of production isn’t a Jewish conspiracy.  It’s because there are mines whose operating costs are just above the current market price that are temporarily non-operational that will flood the market with any uptick.  And that’s not counting planned major expansions of existing mines that are just waiting on a business case.  Anyone hoping for long term CG from gold clearly doesn’t understand how modern mining works.

Historically gold was a store of value due to inelasticity of supply. Modern mining technology has flipped that on its head and made supply highly elastic.   So we need to find a new commodity with an inelastic supply to act as our store of value.   I wonder what that might be?

[luckygenough56]

if it was mainstream adoption already, we couldn't be able to send a single tx given the state of things

[HairyMaclairy]

if it was mainstream adoption already, we couldn't be able to send a single tx given the state of things

Well said.  We are still a 1000 times short of mainstream adoption.  And thats good because LN has only just started beta testing. 

[Wekkel]

Near ATH and nobody cares. That means only one thing: $50k and beyond 

[GHCoins45]

I'm wondering (I have no idea where to search for this), the new money that are now in LTC come from BTC, or those are fiat money?

[OWZ1337]

Near ATH and nobody cares. That means only one thing: $50k and beyond 

$100,000 everyone is saying around the watercooler :-D weeeee