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

[vladimir21]

The ignorace on this forum is incredible, the marketcap is still at 730bill. So the bitcoin isnt going nowhere... it was at the same price when it was 600bill.

So stop panicking noobs.

[Torque]

Want to add some insult to injury with a btc crash? How about an ethereum flippening.

It's vitally important that dumb investors pour the most money into a crypto that was the least architected and launched to be a proper store of value, as well as has byzantine, Rube Goldberg-like code designed to solve problems that don't exist. /s

I hope that Ethereum flies high like Icarus.

[HairyMaclairy]

Coinmarket is showing old data from a few hours ago.  Don’t rely on it because it is wrong.

Click through to the individual coin and you can see the updated data. 

[Heater]

Kodakcoin might be the trigger for the next big pump - all the other companies will want to release a coin to pump their shareprice.

http://www.theage.com.au/business/markets/eastman-kodak-unveils-cryptocurrency-stock-soars-20180109-p4yyd1.html

[gentlemand]

Kodakcoin might be the trigger for the next big pump - all the other companies will want to release a coin to pump their shareprice.

http://www.theage.com.au/business/markets/eastman-kodak-unveils-cryptocurrency-stock-soars-20180109-p4yyd1.html

Or the final jumping of the shark.

[Paashaas]

I hope that Ethereum flies high like Icarus.

ETH vulnerabilities keep adding up, everytime ETH devs trying to fix bugs new ones appear. This happends when you build it on a bad scripting language.

ETH is a minefield and will go down sooner ore later, be aware buyers!

I prefer Rootstock, more solid and secure smart-contracts because it has capitalized on Bitcoins Blockchain.

[Paashaas]

Bitcoin+MAST+Lightning+Segwit+Rootstock+Schnorr = win.

More cool projects in the pipeline comming oure way 

[STT]

The ignorace on this forum is incredible, the marketcap is still at 730bill. So the bitcoin isnt going nowhere... it was at the same price when it was 600bill.

So stop panicking noobs.

This is in itself a warning signal.   When numbers are large people panic but the percentage movements are not any more of a problem.     Also its not the market movement which is the basis of any disturbance its the transaction fees which are likely leading to unstable pricing as people are required to move 5 figure sums every time to keep % costs lower.

If they would just see sense and allow in every type, size and shape of participant into bitcoin trading and exchange then we'd have a calming influence.   This isnt idealism, this is a requirement for a functioning economy to continue.

Efficency always will lead to destruction in economy, it either benefits participants with lower costs or it rips chunks off until a greater more stable exchange can be found.   Im sure its been this way for hundreds of years, force or stranglehold by certain parts of the network cannot overcome market forces, we'll all lose out.


Right now the price is finding a ceiling similar to January start, its a fairly valid trend going to even spring last year.   Its wavering back and forth, not especially bearish but it does seem quite likely 13,073 would be required as a backstop at some point.   Its a large gap but so was the leg up, how it reacts in speed and volume is really more important, 15,500 and 15,713 continues to be the speedbumps overhead.

[Dabs]

What's a nice ATM machine to actually own so I can sell through it? In other words, it eats fiat bills, and sends BTC to the buyer's address. I've seen two or three kinds.

I plan to just stick it around the corner or buy a small space in some convenience store owned by a friend or something like that. Say I'm a miner (or a gambler with dice, or a daytrader with alts) and I need to sell coins, but don't want to do it through an exchange, I can fund the ATM machine all the time, or as fast as I can mine.

Edit: Seems the choice is General Bytes. The others brands are Lamassu and Robocoin. If you know of others, let me know.
Edit2: I found a whole bunch of them. Genesis Coin seems to be a leader, but expensive. Skyhook is open source. I'm not sure about the others.

[Deeyoh]

I was looking at General Bytes a few years ago actually but they were brand new and only had a few out.   Was thinking about getting a couple to put around town.   Just didn't like the idea of needing a FinCen then get lawyers involved for all the local legal issues and all that crap.  Not sure if would be worth the hassle, maybe in a bigger city it would.


If you read up, you can spend just in much or more in legal fee's than the machine cost.

[TERA2]

Look at all these perfectly aligned lines and filled in shapes. Every time a horizontal or logarithmic diagonal line is broken, it gets tested as support. It's like a symphony orchestra.

[kosse]

The tide won't turn until bitcoin is fixed. And the fixes are taking too long time. Major correction ahead to realistic price levels (sub $5000, maybe even slightly lower than bch!).

[JayJuanGee]

I am blown away...still.

But this bearishness...what is this?  Ahhh..I see now..this is reverse psychology.

Its a classic dilemma. Its very easy to project what you desire into reality.

I am confident your expectations will be met.

Well, FWIW, just placed a sell order for 60 BTC @ $17k.

Time to start lining up my end-of-Q1 retirement plans...

Is 100k going to make that much of a difference? Different people have different goals..but to me..a 100k price dif(ie 15k to 17k) would not be enough of a change for me alter plans.
Bob..Im already retired..and 100k is less than a half years wage for me. How many years do you expect that 100k to support you?  Half a year?  3 years?  10 years?  30 years.
I guess what im trying to say is if that small change(for me) is going to radically alter your retirement profile...maybe its time to take a second look at your portfolio.
 

Toxic:  I understand what you are saying in that there is not much of a difference in selling 60BTC at $15k or selling it at $17k; however, if we take the matter from Bob's perspective, he is likely not really talking about a mere $100k difference, but instead, just attempting to play his cards in a way that he considers to be reasonable, and better strategies usually tend to be to sell when the price goes up rather than selling when the price had just gone down.  So if we are bouncing in a trading range that includes $17k, then better to sell at the top of the range rather than the middle or the bottom, no?

Sure some of us may assert that Bob should have already made up his mind a week or two ago, and sold when we were previously at $17k a day ago or so; however, in his defense,  I think that part of the issue here, remains that Bob seems to be in the middle of making his plans regarding exactly what he is thinking about doing, and so he is providing us with a kind of blow by blow account of his decision-making process, which seems to be an attempt to sell upon BTC price rises, rather than selling during a period in which the BTC price had just dipped or could be in the process of further dips.

Sure, I may be getting this wrong a little bit, but the approach of selling at (or near) the top of the price  range does seem to be a prudent one, and maybe the amount difference is not so much the issue as it is an attempt to be financially responsible, perhaps?

[JayJuanGee]

[edited out]

Sometimes being told to fuck off isn't that bad. JJG chose a nice big colourful font for it the other day which I quite liked. lol

Can you screw yourself in a small kind of way, afbitcoins?      

[oblox]

...Bob seems to be in the middle of making his plans regarding exactly what he is thinking about doing, and so he is providing us with a kind of blow by blow account of his decision-making process, which seems to be an attempt to sell upon BTC price rises, rather than selling during a period in which the BTC price had just dipped or could be in the process of further dips.

Pretty much this. I know I'm planning on selling xx% of my stash to retire, but on my terms and hopefully when it's on a high. I'm not going to sell in a bear market as I've been bullish long - Not going to get my coins cheap, damnit !

If the price doesn't recover to a place that I'm comfortable selling at, I wait another quarter. Not ideal, but I've resigned myself to waiting till Q2 if needed.

I've told myself that "As long as I'm left with $10M USD worth of BTC, after I sell off enough to fund my retirement for the next 20 years, I'll be happy."

Happy is a relative term though. At these prices, I'm technically "happy... enough..." I would like to sell off my BTC feeling "very happy" if you know what I mean.

I should probably just shut up until after I've executed my plans, and pray it's still in the cards for end of Q1.

Don't like this action around $14k territory. Makes me nervous.

No shit, all this volatility is really starting to stress me out.

I'll be happy when I'm "out" and have the portfolio set up and working for me.

The BTC I'm left sitting with will hopefully appreciate nicely over the next 10 years or so.

/randomthoughts

First world problems.

[kfactor]

Not spamming here, I come from old coin.

Found my tinfoil hat and figured it all out... The Chinese, NSA, Porn and the Green Dildo!

No shit, check it out --> https://www.youtube.com/watch?v=Z97mc0nhVvU&feature=youtu.be


Brilliant clip, I'm still LMFAO 

[Toxic2040]

JJG -  Nailed it.

/randomthoughts -  I was not implying that you where sweating the 100k..actually quite the opposite. I was and now have confirmation that this was more of idle strategy thought progression than actual panic or worry for that matter.

[JayJuanGee]

Yesterday's dump was the most hilarious fiasco I've ever seen.

My partner was asking about the crash yesterday, and all I was able to respond with was some mumbled grumblings about "South Korea", "CoinMarketCap", and "Panic Selling" - not quite being able to clearly articulate what was going on.

After a few moments (... I tend to ramble on...) I was able to finally sum it up as "A bunch of weak hands got flushed and a bunch of stupid people panic SODL'd because CMC changed stuff, making it look like the prices of shitcoins crashed", to which, he shrugged, and got back to playing Candy Crush on his iPhone.

I believe that the supposed "crash" is more easily summed up as normal consolidation.

Perhaps our more narrow consolidation range is $13,000 to $17,500 and the broader consolidation range is $11k to $20k.

Maybe you can get a little excited if we break beyond the more narrow consolidation range - but the more meaningful excitement woudl come from breaking beyond the broader consolidation range.


Anyhow, what I am trying to say is that you should tell your partner to shut the fuck up and stop bothering you about petty matters because nothing significant is happening yet, until we perhaps get close to the boundaries of one of the consolidation ranges - in one direction or another - and for now, we are largely bouncing around in the white noise middle.


 

I like you. 

 I'm going to venture that however, you would not if you two were in a relationship.

I was just trying to emphasize a certain idea.. ...


My tone wasn't meant in any kind of mean way.   

[JayJuanGee]

I'm in a position where I'm preparing to sell some corn in February. I'm not tickled about these prices.

et tu Rosewater?

what is it with you pansies?  HODL goddammit!

I think that we all have cash flow issues, and sometimes there will be certain months in which several expenses may be coming due at once; however, we also try to maximize our investment into things like bitcoin - however, I think that we should also attempt to plan our strategies in such a way that we are cushioning our investment for these expected cashflow shortages, and accordingly planning ahead a bit. ... and therefore, maybe cashing out a bit more than usual, etc. etc...

Yes, I understand that it is easier said than done, but probably many of us have these kinds of dilemmas... and I don't exactly have a one stop solution.. I have something coming up in the "near future", but I don't want to say exactly when, but also, I will say that I am planning several months in advance in order that I am not playing my bitcoin investment too much, and my cashing out of bitcoin comes at my own timing rather than at the timing of the bitcoin price (which again, easier said than done).. but however, easier to plan for after we had about a 3x to 4x greater performance than I had expected amongst the most bullish of my earlier expectations... better than expected BTC performance does help this kind of planning and preparations.. THANK YOU, MY FRIEND, bitcoin.   .

[Rosewater Foundation]

OTOH maybe I should be tickled about these prices. At least short term.
Lord only knows.