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

[Ludwig Von]

Ah, and finally here is the trigger :

(it took ZH long to figure it out this time )

http://www.zerohedge.com/news/2017-12-19/bitcoin-crashing

Fuck Denmark.

member fuck denmark?

Actually, when it comes to ZH and BTC, it is mostly causing unstoppable laughter cramps... .

[strawbs]

Ah, and finally here is the trigger :

(it took ZH long to figure it out this time )

http://www.zerohedge.com/news/2017-12-19/bitcoin-crashing

Anyone who uses ZeroHedge as their news source deserves to have sold at the bottom

I hope you do not consider me as taking ZH as my news source... . But probably millions are doing so, time to sell the house(and all that goes with it) and be ready to buy the bottom... .

Ha, no that's not what I meant! Just saying that anyone who read that ZH article and sold their BTC as a result, probably deserves their losses. It's staggering how often BTC enthusiasts quote ZH as 'fact' (probably before their first shave).

[BTCMILLIONAIRE]

Ah, and finally here is the trigger :

(it took ZH long to figure it out this time )

http://www.zerohedge.com/news/2017-12-19/bitcoin-crashing

Anyone who uses ZeroHedge as their news source deserves to have sold at the bottom

I hope you do not consider me as taking ZH as my news source... . But probably millions are doing so, time to sell the house(and all that goes with it) and be ready to buy the bottom... .

Ha, no that's not what I meant! Just saying that anyone who read that ZH article and sold their BTC as a result, probably deserves their losses. It's staggering how often BTC enthusiasts quote ZH as 'fact' (probably before their first shave).

To be fair, people quote a lot of weird stuff as 'fact'. I'm not even fully convinced that unmutable facts exist whatsoever in this world.

[JimboToronto]

why not buy with online exchanges?

I prefer the security and anonymity of OTC and ATMs.

I learned my lesson with MtGox. Lost 50 coins. Never again.

When I acquire coins, they go straight into offline cold storage, mostly paper wallets, although I do keep a small amount (less than 5 coins) in a Trezor for convenience.

I don't ever want to expose my coins to the internet. I also resent nosiness. Anonymity is the cornerstone of freedom.

Yes, ATM fees are usually higher than exchange fees but when you consider the cost of transferring fiat currency and the total lack of anonymity of online exchanges, it's a small price to pay.

Whenever I have the chance to acquire coins for cash, anonymously, it's a bonus. I've met other Bitcoiners at meetups who I only know on a first name basis. I've also bought coins from storefront gold and coin dealers without divulging my name. They get their cash, I get my coins, no names required.

[JayJuanGee]

What the hell, I wake up and BTC is down to the 17s and all the alts are up. What happened?

>200k unconfirmed transactions, 25$ transaction fees if you want to have it done under 1 week
do the math  

that explains the bcash pump then in particular.

I like core, but damn, something needs to be done about those fees.

Get real.

Bitcoin has been under attack multiple times because it is a target for a lot of hostilities, whether from Bcash or other various sources, and so if any other coin was as disruptive as bitcoin, that  coin would be under attack too, but none of the other coins are because they are almost all trash, given a few exceptions or a few use cases.

[bones261]

Wow, if the fee market keeps going up like it has been, it may actually be worth it to go digging in the closet for my old Rockminer 110 GH.   Slush pool shares the fees with the miners, right?

[HairyMaclairy]

What the hell, I wake up and BTC is down to the 17s and all the alts are up. What happened?

>200k unconfirmed transactions, 25$ transaction fees if you want to have it done under 1 week
do the math  

that explains the bcash pump then in particular.

I like core, but damn, something needs to be done about those fees.

Get real.

Bitcoin has been under attack multiple times because it is a target for a lot of hostilities, whether from Bcash or other various sources, and so if any other coin was as disruptive as bitcoin, that  coin would be under attack too, but none of the other coins are because they are almost all trash, given a few exceptions or a few use cases.

It’s not even a decent attack yet.  We are on less than a 15% swing from ATH. 

[JayJuanGee]

How I feel observing this thread for the last couple of months:

HA!

HA HA !  I am clearly the best looking.

RobSteward... You where more courageous than I was!... I stood on the side lanes for at least 1 year before joining the forum. I just kept reading for a year what nonsense JJG was saying and decided I need to step in and put him in his place of mediocre amateur writing!!! The horror!!! ... He really is a terribly bad writer, doesn't appeal too much to the public...
I just had enough of JJG... that was my trigger of joining the forum.

But good luck to you in making it big and becoming a big shot and big talker here in this place!

I'm glad something motivated you to get off your skinny fat ass, even though many of your posts seem to devolve into a kind of nonsensical rambling.  Nonetheless, sounds like you are fighting the "good fight" with your alleged obsession to troll yours truly, and you seem to demonstrate by example that a HODL strategy can work..  and perhaps your participation in this thread has helped you in such HODL resolution, even if such resolution came through osmosis rather than conscientious efforts.

 

Well... I was looking for a forum or some place where I could learn or someone who could teach me how to read charts and understand how to trade. And this was the place. I didn't trade long, just for a year or so. For now I'm waiting on a blockchain based exchange so I can play again. I'm not trusting any exchange anymore, even if I didn't lost a penny. It is just out of my understanding how others can give their money away in the possession of someone else.

Sure, when it comes to exchanges we are surely in the very early stages of a transitional phase into decentralized exchanges, and in that regard, currently, centralized exchanges seem to provide a vast majority of current liquidity - and therefore seem to serve as a kind of necessary evil - until alternative mechanisms can develop and even facilitate high levels of liquidity that seems to be mostly offered, currently, through our existing exchanges.

I used to have more than 50% of my bitcoin value (which includes some of my fiat that is dedicated to bitcoin) distributed amongst various exchanges; however, currently, I am around 20% - yet one good thing about BTC price appreciation is that I can consider a lot of my trading funds to be a kind of "house money" since my BTC investment seems to be quite safely over 30x in terms of profits...

NOT a bad place to be.      

[OWZ1337]

why not buy with online exchanges?

I prefer the security and anonymity of OTC and ATMs.

I learned my lesson with MtGox. Lost 50 coins. Never again.

When I acquire coins, they go straight into offline cold storage, mostly paper wallets, although I do keep a small amount (less than 5 coins) in a Trezor for convenience.

I don't ever want to expose my coins to the internet. I also resent nosiness. Anonymity is the cornerstone of freedom.

Yes, ATM fees are usually higher than exchange fees but when you consider the cost of transferring fiat currency and the total lack of anonymity of online exchanges, it's a small price to pay.

Whenever I have the chance to acquire coins for cash, anonymously, it's a bonus. I've met other Bitcoiners at meetups who I only know on a first name basis. I've also bought coins from storefront gold and coin dealers without divulging my name. They get their cash, I get my coins, no names required.

the haters like bittrex and cryptsy always try to eliminate this fundamental kernel of bitcoin meh

[jbreher]

LN comes in 18 month™

18 months™ is the new two weeks™

[JayJuanGee]

I have held from $13.   Still consider myself a bag holder.

Heartbreaking

Here’s a tip.  Become a Monero bag holder in a very small proportion of your portfolio.  Not because you believe but for insurance.  Insurance is expensive but none of us are smart enough to know the future.

Bitcoin is an all-or-nothing proposition. Insurance against what exactly?

Don't listen to the fools thinking that any coin comes close to Bitcoin. There is no coin that is even close to solving the scalability problem. Any "on-chain scaling solutions" are bullshit. ETH is a prime example of this. It is not possible to sync up a ETH node on consumer grade hardware in reasonable time[1] without pruning (which they had to set as default). The definition of centralized garbage.
[1] Several weeks/months on a Intel i7 Quad Core.

I thought for sure that the ETH gang and its various affiliates would have lured you to more sympathy in their fight, especially since such fight includes krypto kitties....   MEOW!!!!

Otherwise, I agree with your above points.   

[JayJuanGee]

Cant wait for this Altcoin cash sell off to start new Christmas ATH incoming soon...

Hopefully, I’ve even got a few dozen alts but fuck them, annoying seeing bitcoin drop.

yea, i'll agree. my (very small) trading amount is currently in btc, bought at 18825... i'm pondering selling and buying back lower, but not sure i'll CATCH lower... don't want to sell the bottom.

You say that you do not have very many bitcoin; however, a common theme for you seems to be buy high sell low...  or otherwise sell low and buy high...

If you want to accumulate bitcoin, you gotta get out of that mindset, and buy as the price is going down and sell as the price is going up... ..  and that would be a step in the right direction.. aminotrite?

[explorer]

Off Topic, but should be of importance to everyone, really.

Anyone using proton mail?  I've left gmail as my general email provider (kitten pics, boring shit, and log ins for unimportant shit) for too long, and I'm not convinced my 'more secure (obscure?)' providers are any better.  The last straw - I just reset my passwords via webmail, and ALL of my android devices automatically updated and logged in with the new passwords.  This is beyond sketchy.  It screams GET OUT NOW, or years ago, if you have a way back machine.  I try not to use it for anything important anyway, but WTAF.  So its time to evacuate and consolidate.  Anything better than proton out there?  If it's not free, it has to accept crypto.  And of course, be anonymous.

[mymenace]

Tax on bitcoin in most countries is classed depending on how they determine you use it.


bitcoin to me has always been a currency

not my fault I have to exchange it into to dollars to spend it.

and of course if I think bitcoin is worth 1,000,000  then I am cutting myself short by not holding

it is not investment when i HODL, it is getting as much of the correct value for my money

If i could shop with bitcoin I would....

Bitcoin for payment in shops everywhere, all over the world, anything you want... bye bye shitty payment systems

[RayX12]

Off topic:

Unbelievable I was able to execute some trades on Kraken Just NOW!
That would be the 1st time in one week.

[BTCMILLIONAIRE]

Off Topic, but should be of importance to everyone, really.

Anyone using proton mail?  I've left gmail as my general email provider (kitten pics, boring shit, and log ins for unimportant shit) for too long, and I'm not convinced my 'more secure (obscure?)' providers are any better.  The last straw - I just reset my passwords via webmail, and ALL of my android devices automatically updated and logged in with the new passwords.  This is beyond sketchy.  It screams GET OUT NOW, or years ago, if you have a way back machine.  I try not to use it for anything important anyway, but WTAF.  So its time to evacuate and consolidate.  Anything better than proton out there?  If it's not free, it has to accept crypto.  And of course, be anonymous.

Would like to know this as well. Been getting more and more paranoid with the ridiculous growth rates in the past 1-2 years.

[Torque]

To be fair, people quote a lot of weird stuff as 'fact'. I'm not even fully convinced that unmutable facts exist whatsoever in this world.

Not only that, but 98% of society takes so called 'facts' given to them from the MSM as gospel. It blows me away when people just blindly believe what they are given at face value.

[BTCMILLIONAIRE]

To be fair, people quote a lot of weird stuff as 'fact'. I'm not even fully convinced that unmutable facts exist whatsoever in this world.

Not only that, but 98% of society takes so called 'facts' given to them from the MSM as gospel. It blows me away when people just blindly believe what they are given at face value.

It's usually impossible to even begin a conversation with such people too... even if you make it abundantly clear that we're just talking hypotheticals as an academic exercise.

[JayJuanGee]

Just came to say Hi and to share something euphoric about the future

What the hell happened to you, since about May-ish?

I have read many speculations about you no longer being with us?

Another extreme dear brother showing up, my dear JJG.

Have been drowning into the crypto twitter ocean and IRL issues.

But finally back and gave our bullish thread a push 

I've missed you all brother, hopefully I won't fade away again 

EXACTAMENTE!!!

Even though each of us have our differing styles, your style has been missed - yet it seems a bit extreme, too, of you, to post 2-10 bullish media articles per day for several months (and spoil many of us), and then completely disaparecer for 6 months -ish.

In any event, I am glad to see you back, and I look forward to posts and your perspective.

O..k..  One other point that I would like to make is that I had frequently asserted that you were much more bullish than me regarding short term BTC price performance - especially if we look back to our interactive posts in the late 2015 time frame and even the ones in the mid-to-late 2016 time frame.  So, it seems that you were much closer in your assessment than me, because current BTC prices are running about 3x to 4x higher than my most likely bullish assessments of those times.

I confess my brother, I'm an extremist.

I'm not a moderate person and an insane risk taker, so let it be whatever it meant to be.

I did you miss you a lot my dear brother and missed our talks a lot and here they are back again

My new targets are as follows, and you are free to call me an insane/crazy person, I know I'm mentally mad :

2018 will end at $100,000
2020 will end at $1,000,000

We are just warming up and we ain't seen anything yet, wait to witness 2018, it's will be a mind-blowing year.

I am going to call you insane/crazy, perhaps with a couple of conditions.  First condition:  What you are saying does not seem to be out of the range of contemplations - however, each of those numbers under those time lines seem like  long shots - however, if the first one is met, then the second one would become more probable.  Second condition:  I hope that you are careful in terms of your own investment - because without revealing details, it seems to me that you should have a lot of value right now, whether you hold that value in crypto or fiat or alts or some combination, so in that regard, I hope that you are hedging what I perceive to be (and you seem to admit) your extreme thoughts.  hahahaha.. you and MacAfee...   I just realized ---- John, is that you?   

[gentlemand]

https://blog.coinbase.com/buy-sell-send-and-receive-bitcoin-cash-on-coinbase-65f1b2c7214b

Coinbase just went full Bcash.