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

[explorer]

Volume around $50 was insane. The resistance at this price will now be over 9000, or something.

 


I think bitcoin/USD price will touch at $25500 and come back to 23000 and again it will start it journey toward up now hanging around at $19600

 A 10% pull back?  Clearly that will never happen.  Outrageous.  Preposterous.  Unfathomable, and down right improbable.  Bitcoin will sail smoothly upward, forever.

[Arriemoller]

Well, it's finally here. This is is truly the beginning of the end. And I'm serious. Wall street will put this thing out of its misery once and for all. We'll see 10k before the end of the year for sure. 2018 will be a horror show back below 1k. 2019 will be the year the world tries to figure out just what the hell happened. 2020 the world moves on and bitcoin becomes a memory.

Quoting for reference.

I can actually see 10k happening, but it would be a flash crash before a cash grab back up.

So...bullish?

[Elwar]

My friends be like:

[Torque]

My friends be like:

The sheeple will be sheeple. They never research and pull the trigger on a great opportunity. Then they want to bemoan their lack of initiative afterward.

Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing.

Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities.

[bitserve]

My friends be like:

The sheeple will be sheeple. They never research and pull the trigger on a great opportunity. Then they want to bemoan their lack of initiative afterward.

Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing.

Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities.

For some reason people remember things they should have done but didn't.... while at the same time tend to forget a lot other things they didn't do (and shouldn't). Memory is selective it seems. Things are just how they are, all the rest is bullshit.

People doesn't realize how far they really were to ACTUALLY doing something... just for thinking about doing it.

Probably there is like 20 or 30% percent of the population that sometime thought about buying Bitcoin, yet only much less than 1% really did.

[Searing]

My friends be like:

The sheeple will be sheeple. They never research and pull the trigger on a great opportunity. Then they want to bemoan their lack of initiative afterward.

Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing.

Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities.

For some reason people remember things they should have done but didn't.... while at the same time tend to forget a lot other things they didn't do (and shouldn't). Memory is selective it seems. Things are just how they are, all the rest is bullshit.

I try to keep things in check..and have done worse things with BTC this year..but the one that stands out as an OUCH!

Is the 1.01 BTC I paid when BTC was worth about $1,150 bucks...thus I paid at $18,920.73 btc now $19,109.94 to pour cement in an old
cistern in my basement to level the floor up....for a workshop there....again OUCH!

I did worse, last year...but reminded every time I sweep the workshop floor. Ack!

[Rosewater Foundation]

It happens. Even staunch Bitcoiners wish they'd bought more. In fact I imagine all Bitcoiners wish they'd bought more. If Andreas can somehow manage to have no Bitcoins...there but for the grace of Satoshi goes any of us.

[bitserve]

My friends be like:

The sheeple will be sheeple. They never research and pull the trigger on a great opportunity. Then they want to bemoan their lack of initiative afterward.

Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing.

Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities.

For some reason people remember things they should have done but didn't.... while at the same time tend to forget a lot other things they didn't do (and shouldn't). Memory is selective it seems. Things are just how they are, all the rest is bullshit.

I try to keep things in check..and have done worse things with BTC this year..but the one that stands out as an OUCH!

Is the 1.01 BTC I paid when BTC was worth about $1,150 bucks...thus I paid at $18,920.73 btc now $19,109.94 to pour cement in an old
cistern in my basement to level the floor up....for a workshop there....again OUCH!

I did worse, last year...but reminded every time I sweep the workshop floor. Ack!

Yeah, I understand your pain... but then... why not also punish yourself for spending $50 in a nice dinner instead of having bought a potentially winning ticket of the lottery? Things are how they are. And we are doing very well

Again, I understand your pain.... SOmetimes I can't help but remember that time, in early 2013 when I tried to find someone in localbitcoins to buy 3000€ of BTC as my first purchase and for one reason or another I couldn't find anyone to meet in person. Such is life.

[Searing]

My friends be like:

The sheeple will be sheeple. They never research and pull the trigger on a great opportunity. Then they want to bemoan their lack of initiative afterward.

Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing.

Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities.

For some reason people remember things they should have done but didn't.... while at the same time tend to forget a lot other things they didn't do (and shouldn't). Memory is selective it seems. Things are just how they are, all the rest is bullshit.

I try to keep things in check..and have done worse things with BTC this year..but the one that stands out as an OUCH!

Is the 1.01 BTC I paid when BTC was worth about $1,150 bucks...thus I paid at $18,920.73 btc now $19,109.94 to pour cement in an old
cistern in my basement to level the floor up....for a workshop there....again OUCH!

I did worse, last year...but reminded every time I sweep the workshop floor. Ack!

Yeah, I understand your pain... but then... why not also punish yourself for spending $50 in a nice dinner instead of having bought a potentially winning ticket of the lottery? Things are how they are. And we are doing very well

Again, I've done dumber this year (2 Bitmain D3's that will never ROI at 2.51 BTC w/PSU's etc)

But, again...damn tough to sweep the floor in the workshop w/o this crossing my mind....

ON THE OTHER HAND....if I added up all the BTC I spent (don't look at your Jan 2017 hot wallet...it is ugly) I could be beating myself up

I should just think when I sweep the floor, better the twinge about that, over the angst of adding up all the dubious stuff I got with crypto this year ..shudder

an inoculation against 20/20 hindsight as it were

the mind is a funny thing

[Torque]

Again, I've done dumber this year (2 Bitmain D3's that will never ROI at 2.51 BTC w/PSU's etc)

But, again...damn tough to sweep the floor in the workshop w/o this crossing my mind....

ON THE OTHER HAND....if I added up all the BTC I spent (don't look at your Jan 2017 hot wallet...it is ugly) I could be beating myself up

I should just think when I sweep the floor, better the twinge about that, over the angst of adding up all the dubious stuff I got with crypto this year ..shudder

an inoculation against 20/20 hindsight as it were

the mind is a funny thing

Well, we have to remember that Bitcoin was originally planned to be a currency to spend. But in some ways that has been a perpetuated fallacy. Because over the past 4 years of me being involved, I have to admit that in not one instance has Bitcoin ever been "better" than just buying the item with fiat directly. Meaning fiat was easier, fiat was faster, fiat didn't appreciate in value later on, etc. The only real benefit to using bitcoin was cutting out the banking system middleman.

Sad to say, but Bitcoin as digital gold is a better analogy.... for now, anyway. As long as Gresham's Law applies to Bitcoin vs. fiat, it will be.

[STT]

Dont regret selling BTC, I think the regret should be not transacting generally so anytime you sold something not exchanging it for BTC is a reasonable regret.  Ask for BTC and it would have helped counter the sales, theres not enough normal trade done in BTC plus and minus to your wallet would help stop it just being about speculation.  
I like the people on etsy who just craft their own things and have the option to allow for BTC, keep it a while and take any gains as a tip.     In previous years the incentive is also in the other direction, people dont take BTC when they could because what if it goes down.  

Of course this is all hard to say now when fees got stupid.   Even the very slowest possible amount to clear cost me about 5%, partly because my wallet is messy ?  I only used the wallet 2 or 3 times but thats a problem now, I cant keep a static address.

Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing.

Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities.

I recommended to buy MSFT after using windows 1.0

I actually hated windows, DOS was better imo but it was easier to use for people off the street and true enough they have developed it thanks to technology becoming more capable.   That itself says the story, its the potential which matter and the cycle of development.   BRK has never paid a dividend, it has the presumption to continually reinvest and actually Warren Buffet has the constant struggle by his own admission to 'get rid of the cash'.

We didnt buy Microsoft, I had very little money.  If I skipped the idea of using a computer and with extreme blind faith done nothing in life but put it all on MSFT then I guess maybe.   It was a 'new' company, they bought an airplane turbine maker.   Only recently with China etc and a rise in air travel has that done better.

Right now in crypto there is something new that we are missing that'll grow and be used.   This whole all or nothing bubble idea is incorrect, the technology will be used and is useful.  But one single ticker benefiting is unlikely.

Re: windows, crypto isnt easy enough to use and sure as hell does matter and will bring success to innovators in usability.

[Paashaas]

Meanwhile, on Reddit;

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com -239 points 5 hours ago
I made Andreas a millionaire. I suspect he is pretty happy with my tweet.

And i thought Roger couldn't sink any lower...lol, what a retard.

[Torque]

Meanwhile, on Reddit;

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com -239 points 5 hours ago
I made Andreas a millionaire. I suspect he is pretty happy with my tweet.

And i thought Roger couldn't sink any lower...lol, what a retard.

Clinical narcissists overuse the word "I" (and "my") in their writing because they constantly self-reference. He managed to use it in both sentences, lol.

[flynn]

We didnt buy Microsoft, I had very little money.  If I skipped the idea of using a computer and with extreme blind faith done nothing in life but put it all on MSFT then I guess maybe.   It was a 'new' company, they bought an airplane turbine maker.   Only recently with China etc and a rise in air travel has that done better.

Right now in crypto there is something new that we are missing that'll grow and be used.   This whole all or nothing bubble idea is incorrect, the technology will be used and is useful.  But one single ticker benefiting is unlikely.

Re: windows, crypto isnt easy enough to use and sure as hell does matter and will bring success to innovators in usability.

First try buying a stock for me was $1K of the IT company "Compuserve" ... on the 9/11/2001 early in the morning.

Never bought any other stock after that.

[d_eddie]

Mining has eventual low, uniform profit per unit of (hardware $  + energy $). Both hardware and energy markets are seriously skewed, that's what allows monopolies.

No, there's absolutely no reason this paradigm will ever change because technology that exists is just a reflection of asymmetric intelligence distribution of humans,

Or asymmetric resource distribution before the roll of the dice (Jared Diamond's Guns, Germs and Steel explains this nicely), but whatever. No matter if it's genetics or environmental luck.

You're basically pretending a bunch of peons can crowd source a bitcoin miner better than intel can build, or that commodification of ASICs is inevitable when it's obviously not.

A bunch of peons or an aggressive startup company. Crowd source or reverse engineer, minus the research costs.  Greed is great fuel. And it needn't be better. All it has to be is "as cost effective as" under some assumptions.

There is no incentive to sell a money printing machine for less or equal money than it would make you unless the goal is simply to put on a ruse

...or avoid entrepreneurial risk (China bans miners for the umpteenth time!) or management overhead. Or it's simply that you are in a different line of business (designing and selling hardware) and don't care about the paltry, diminishing returns given how much time and effort it would cost you.

Let's also not forget that in adversarial mining you can automatically eliminate your rivals simply by having larger hash power.

The law of big numbers will attribute to each actor a revenue proportional to the hashing power - with a certain threshold to "get in the game" in the first place. It's not a 0/1, winner-takes-it-all game.

When you're not savagely ranting and try to articulate human-shaped phrases, replying to your posts point by point is possible indeed! I think I managed. However, it is a taxing endeavour and I can't let it become a full time job. Bring new concepts to the discussion and I might reply again.

P.S. It's not too late. You can STILL get into Bitcoin, unless the pirates stole all your silver and gold while you were "trustlessly, effectively, cheaply" moving it from the Goblin Bank to your underground bunker.

[Searing]

BTC:


    $0000 - $1000: 1789 days
    $1000- $2000: 1271 days
    $2000- $3000: 23 days
    $3000- $4000: 62 days
    $4000- $5000: 61 days
    $5000- $6000: 8 days
    $6000- $7000: 13 days
    $7000- $8000: 14 days
    $8000- $9000: 9 days
    $9000-$10000: 2 days
    $10000-$11000: 1 day
    $11000-$12000: 6 days
    $12,000-$13,000: 17 hours
    $13,000-$14,000: 4 hours
    $14,000-$15,000: 10 hours
    $15,000-$16,000: 5 hours
    $16,000-$17,000: 8 hours
    $17,000-$18,000:
    $18,000-$19,000:


Current ATH:



Anyone have a source for the above chart? Or can fill in the blanks? Especially, the All Time High? (ATH)

Just trying to keep this current.

Link to the Bitcointalk hread I'm keeping track of this on if anyone is interested....(doubtful, that is)

https://bitcointalk.org/index.php?topic=2565806.msg26127027#msg26127027


Brad

[milkshock100]

..........

[podyx]

What's with the sharp dip? Did anything come out?

[milkshock100]

What's with the sharp dip? Did anything come out?

bch spiking

[DonQuijote]

When is dpos hard fork? could affect us? No problem with miners there