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

[Rosewater Foundation]

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!

I paid 19 btc if I remember correctly in 2013 (currently over $350k) for a brick from Butterfly Labs.  

Do the maths on those famous two pizzas. Your head will spin.

Edit: $95million per pizza?

[vroom]

Whats going on, Jihan making another run to add to his list of failed runs?

maybe bitmain got a new stock of hardware and customers have to pay with BCH?

or better

maybe jihan is pumping BCH because he knows he will get new hardware soon and customers have to pay with BCH?

[B1tUnl0ck3r]

Now the real mission begins... 24/7 trading on cme, cboe and co !!!

WE CAN MAKE IT !!!!!

and there change the world and pricing for ever !

Now a little observation that necessitate the criticism of serious and non serious alike... about bitcoin inflation.

If A own 1 BTC now, tomorrow more bitcoin will be added to the network until the maximum capacity is reached. Some say that money supply expansion is limited. but I guess it is a lie, because of mining.

If A wants to keep is relative stake intact he must add to it.

One way is mining, which should through tx fees even beat it longterm, however his mining gears are subject to devaluation and energy subsidies.

I came to this conclusion that by holding PIVX which is POS and which has btw a pricing competition (https://bitcointalk.org/index.php?topic=2609824.0) there is no inflation in keeping the stake 24/7 because the relative size will not change and without the mining depreciation, energy subsidized game. I am wrong? And why? thanks in advance...

pivx money supply increase is logarithmically decreasing at around 4% now... but someone staking will not experience a decrease of his relative size because staking will keep it at the same or above rate (some don't stake).

[Gab0]

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!

I paid 19 btc if I remember correctly in 2013 (currently over $350k) for a brick from Butterfly Labs.  

Do the maths on those famous two pizzas. Your head will spin.

Edit: $95million per pizza?

I do not regret absolutely any spent amount of btc. And that's because every time I've spent, I've replenished the amount spent on the next price fall.
For me, bitcoin works as a rechargeable payment system. Or did it until the fees were too expensive.

[BTCtrader71]

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!

I paid 19 btc if I remember correctly in 2013 (currently over $350k) for a brick from Butterfly Labs. 

Ouch, that's gotta hurt.

It's kinda interesting looking through posts from the past few years and seeing the same type of comments.

I think in the next 4-5 years, comments are going to be even more amusing to read. Instead of people talking about how they regret spending their btc, we'll look back 5 years from now and see comments like: "In 2017 I divested some portion of my bitcoin into multiple altcoins.... now I look back and did the math, and had I just left everything in bitcoin I would have had [2X/ 3X /4X /insert some multiple here] more wealth than I do now."

I could tell that story right now.  If I had left everything in Bitcoin THIS YEAR I would have made more money than any of my other Altcoin "investments" + trading (where I lost even more money because of high risk). Lesson learned: Never take advice from boneheads. Especially not in the crypto world.
But I think it's really unhealthy to think that way because the moment you make a decision that information is not available to you so beating yourself up for it later is really just as stupid. Just learn from mistakes and move on.

I agree 100%. In retrospect, we all coulda/shoulda/woulda mortgaged our homes and maxed our credit cards and gone long at exactly the right time on apple/microsoft/amazon and everything else that has done well in the stock market. And we should have shorted all of the drops at exactly the right time. Never-ending list of such decisions we did not make. So what?

[Ibian]

Funny how we live in this bizarro world where Jamie Dimon calls Bitcoin a fraud, but J.P. Morgan upgrades Twitter and says it's one of the best buys of 2018. A company that literally makes no money and cannot be monetized.  

https://www.cnbc.com/2017/12/18/twitter-shares-jump-after-jpmorgan-upgrades-the-stock.html

But... it has been some time now since twitter started monetizing the service via ads:

https://www.cnbc.com/2017/10/26/twitter-earnings-q3-revenue-eps-and-maus.html

Not saying it is a good investment though. I am happy with Bitcoin

Twitter has never had a profitable quarter based on generally accepted accounting principles (GAAP). And I believe both their user growth as well as earnings will continue to fall in the coming years.

A company that makes zero money should not be worth billions.

Ain't about money my man. Look up Sargon of Akkad and Computing Forever on youtube, they cover shit about twitter and facebook.

[gentlemand]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

[Ibian]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered.

[Torque]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered.

This is what most people don't get about BCash (applies to all the alts too). They just look at the price and say "hey it's going up!" But in BCash's entire existence, only about 5-6 weeks was the bch/btc ratio lower than it is right now. Meaning that if you had traded it for bitcoin at any time other than those 5-6 weeks, you would have done better and made more return.

It's worse for many of the alts.  Look at ETH. Even though ETH has more than doubled since June, if you had traded btc for eth in June you would have lost a lot of return.

[CristiTCM]

i thought with CME bitcoin price would hit 25k...big disappointment

[JimboToronto]

An extra late good morning Bitcoinland. I had to rush out at the crack of noon for an appointment and just got back.

I see we're still consolidating in the $18.3k-$19.2k range... currently $18742USD/$24116CAD (Bitcoinaverage).

Forkcoins are up so old coins are now worth $21265USD/$27359CAD each (Coinmarketcap).

After last week's rapid gains, a day or 2 of consolidation is welcome. We don't want this lovely smooth extended uptrend to start becoming a bubble.

We don't want the price to double in a few days and then come crashing down. I'd rather see doubling every few months with 20-40% corrective dips scattered in along the way. Slow and steady wins the race.

Go Bitcoin go.

[gentlemand]

i thought with CME bitcoin price would hit 25k...big disappointment

Why? They're not putting a cent into Bitcoin itself. So far CME volume is about 0.5% of Bitcoin's.

[Ibian]

I've spent loads of it and not replaced. Comes a point when it's all a little bit academic whether you have an extra 0.3 or so plus it makes for a fun conversation piece or excuse for family annihilation when the time is right.

Every time I spend I know perfectly well it's going to look like a disgrace in the future. That makes me feel oddly sexy. I particularly enjoy spending the proceeds of a Bcash sale.

Speaking of clonecash, ath. Still haven't dumped. Too lazy. May do so in the next month or so. If I can be bothered.

This is what most people don't get about BCash (applies to all the alts too). They just look at the price and say "hey it's going up!" But in BCash's entire existence, only about 5-6 weeks was the bch/btc ratio lower than it is right now. Meaning that if you had traded it for bitcoin at any time other than those 5-6 weeks, you would have done better and made more return.

It's worse for many of the alts.  Look at ETH. Even though ETH has more than doubled since June, if you had traded btc for eth in June you would have lost a lot of return.

Dumping it into spending, not coins.

[HairyMaclairy]

At Jimbo’s current rate of slippage, he will start travelling backwards through time within 2 weeks.  Then he will buy alll the bitcoins and we will all be poor again.  Bad Jimbo.

[snipie]

i thought with CME bitcoin price would hit 25k...big disappointment

I thought with Bitcoin halving price would hit $10000...big...wait what (wait for a delayed effect maybe?)

[HairyMaclairy]

Looks like the Bcash pump is targeting the difficulty retarget. Expect a spam attack and FUD around fees.  The real question is how best to profit from it.  Last chance before the Coinbase release on 1 January.

[Torque]

The real question is how best to profit from it.

Um, by dumping your bcash maybe?

[RayX12]

i thought with CME bitcoin price would hit 25k...big disappointment

The futures market has made huge news and thus many BTC traders are looking at what the futures market is doing and following suite.  
Since there are no positive BTC news the futures market could guide BTC price down until something sparks BTC buying pressure and then the futures market will have to explode upwards as well.

The question now is how far will the market goes down before it explodes again?
Given all the hype regarding the futures market and the recent huge gains in BTC this could take from hours to days.  
I dont think the BTC buying pressure and FOMO will not subside anytime soon.
20K is also an important number so it is very possible that we might remain in the 17 to 20k range for a couple more days.

We will see what happens..

[HairyMaclairy]

The real question is how best to profit from it.

Um, by dumping your bcash maybe?

Already done that. Not about to buy more.   Still have all my Bgold.  Maybe I can come up with some sort of funky arbitrage play. 

[flashbit]

An extra late good morning Bitcoinland. I had to rush out at the crack of noon for an appointment and just got back.

I see we're still consolidating in the $18.3k-$19.2k range... currently $18742USD/$24116CAD (Bitcoinaverage).

Forkcoins are up so old coins are now worth $21265USD/$27359CAD each (Coinmarketcap).

After last week's rapid gains, a day or 2 of consolidation is welcome. We don't want this lovely smooth extended uptrend to start becoming a bubble.

We don't want the price to double in a few days and then come crashing down. I'd rather see doubling every few months with 20-40% corrective dips scattered in along the way. Slow and steady wins the race.

Go Bitcoin go.

Exactly my point of view, I have expected to see it broke $20k today but it's a good news it gone slowly. (But the week only begin...)