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

[Toxic2040]

what is this cash flow you are yammering on about?  I only have btc flow problems atm.  Its costing me an arm and a leg to send a tx!







Its official..Bittrex is off the hook..hope you all profited on that epic eth run up.   .1

It's banging right on the log line

we are good so far

if you have the balls, this is the time to buy

Done.   I am wondering when ETH is going to retouch its ATH ratio...so strong.   Think its going to .1 today...

[kosse]

....
Don't like this action around $14k territory. Makes me nervous.
....
No shit, all this volatility is really starting to stress me out.
....

/randomthoughts

See, this is exactly  what I was referring to earlier. The price action is screaming that the old mammoth will go down but since we (me as well) are so heavily invested in BTC we refuse to see the bigger picture. However, the biggest problem is that there aren't even any good news in the short term horizon. LN isn't here yet (and nobody knows if it will catch wind when it finally comes), major services are not interested in implementing SegWit (which already gives LN little chance of success), ETFs are facing problems (the applicants are told to back off by SEC) and other major cryptos are advancing in huge leaps. Every logical reason tells me to cut my losses and run. But still I'm wondering if by miracle it could still go up...how much more I could have had I had sold in December etc. Stupid weakness that will surely be my undoing (and of so many others).

[Rosewater Foundation]

what is this cash flow you are yammering on about? 

The foundation stopped paying my bills. I need to live!

[jojo69]

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  

holy fucking roflcopters batman...

and to think, it was right there on the other monitor the whole time

[JayJuanGee]

It's banging right on the log line

we are good so far

if you have the balls, this is the time to buy

Done.   I am wondering when ETH is going to retouch its ATH ratio...so strong.   Think its going to .1 today...

AND thereafter, ETH pumpers begin to talk about the "flippening" 


Could be... could be...   

But who gives a ratt's ass? 

[JayJuanGee]

Good day gentlemen. I would like to bring your attention to this novel and innovative chart that has surely never been seen before on this forum:


Do you think that, perhaps, it might have some relevance to our current situation?

You are in the bitcoin thread, so probably it is not applicable - even though I have seen it a zillion times before (approximately).

[pops87]

Good day gentlemen. I would like to bring your attention to this novel and innovative chart that has surely never been seen before on this forum:
https://i.imgur.com/39pxLp6.png

Do you think that, perhaps, it might have some relevance to our current situation?

You are in the bitcoin thread, so probably it is not applicable - even though I have seen it a zillion times before (approximately).

No such number 

[Toxic2040]

It's banging right on the log line

we are good so far

if you have the balls, this is the time to buy

Done.   I am wondering when ETH is going to retouch its ATH ratio...so strong.   Think its going to .1 today...

AND thereafter, ETH pumpers begin to talk about the "flippening"  


Could be... could be...  

But who gives a ratt's ass?  

Exactly...sure it will be coming soon..hate even bringing it up but it was glorious. As much as I am a btc bulltard..self admitted...I have come to accept that there will be other coins. It does no diminish my believe in bitcoin over the long term what so ever tho. What I am really quite pleased with was bitcoins performance thru it all...sure we touched the line..but held strong at 14k support. Pretty pleased that it was able to do that thru the pump. The conductor is a virtuoso.

*golf clap*

[JayJuanGee]

...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

I know that each person is different regarding how much is comfortable to be secure (and how to allocate risks), and I totally agree with the concept of selling as the BTC price goes up, rather than some other scenario, but I tend to think that you may have been attempting to time to cash out "a big chunk" too much....

I know that I am beating a dead horse and kind of a repeated theme from me; however, I think that if your goal was to make an interim cashing out of BTC around the value of 60 BTC at $17k, then you could have started cashing out in 10BTC increments and met the same result with an incrementalism something like this:  1)10 BTC at $14,500, 10 BTC at $15,500, 10 BTC at $16,500, 10 BTC at $17,500, 10 BTC at $18,500, and 10 BTC at $19,500...

Of course,  you were thinking about a lump some, yet variations of incrementalism can achieve the same results without getting caught up so much on one price point, but still achieving the objective.. without stressing out too much about it.   

[JayJuanGee]

Good day gentlemen. I would like to bring your attention to this novel and innovative chart that has surely never been seen before on this forum:


Do you think that, perhaps, it might have some relevance to our current situation?

You are in the bitcoin thread, so probably it is not applicable - even though I have seen it a zillion times before (approximately).

No such number 

O.k.  I probably was referring to a gazillion, then....     


All, I can recall is that it has been a really BIG number of times.

[Arriemoller]

UPDATE   (thanx to fluidjax for working exchanges and gentlemand for missing btx)
 
name - homesite - wallet - exchange

BTG  - https://bitcoingold.org - https://github.com/BTCGPU/BTCGPU - https://hitbtc.com
BCH  - https://www.bitcoincash.org/ - https://www.bitcoinabc.org/ - https://hitbtc.com
BCD  - http://btcd.io - https://github.com/eveybcd/BitcoinDiamond - https://gate.io/
SBTC - http://supersmartbitcoin.com/ - https://github.com/superbitcoin/SuperBitcoin - https://www.okex.com/ or gate.io
BTX  -  https://www.bitcore.cc/ - https://github.com/LIMXTEC/BitCore/releases - https://hitbtc.com
BTW  - http://www.btw.one - https://github.com/btwone/btwcore ? - ?
UBTC -  https://www.ub.com/ - https://www.ub.com/project/wallet - https://www.okex.com/

Update is about the last one BTW :
I didn't find any git repo on the homesite, that one is one I found, not sure if legit, but the names sound right.
So far it does not compile unless you install libsodium.
Once it's compiling, it doesn't not run unless you find and install the very latest libsodium.so lib.
Once it's running, it doesn't download the blockchain, because I guess i am the only one on Earth to run this, or something.

That is all.

You can also claim BTH and BTG on the Coinomi Android wallet. It will also support GOD and Bitcoin Atom when they go live later this month.
https://www.bitcoingod.org

https://bitcoinatom.io



Sorry, I didn't see the below until now.

Thanx, but Im trying to report the forks ready to be sold, complete wallet and working exchange.
for the list look here

[Last of the V8s]

The big advantages of using ATMs though are security, anonymity and instant gratification.

often seen you mention the anonymity aspect. is Toronto not brimming with cctv cameras? or do you like me have a selection of peculiar hats?

[mymenace]

Good day gentlemen. I would like to bring your attention to this novel and innovative chart that has surely never been seen before on this forum:


Do you think that, perhaps, it might have some relevance to our current situation?

You are in the bitcoin thread, so probably it is not applicable - even though I have seen it a zillion times before (approximately).

No such number  

O.k.  I probably was referring to a gazillion, then....    


All, I can recall is that it has been a really BIG number of times.

Yeah we used that image for the 2013 Mtgox Bubble when it hit $250USD dumped to $60USD

[JayJuanGee]

It's banging right on the log line

we are good so far

if you have the balls, this is the time to buy

Done.   I am wondering when ETH is going to retouch its ATH ratio...so strong.   Think its going to .1 today...

AND thereafter, ETH pumpers begin to talk about the "flippening"  


Could be... could be...  

But who gives a ratt's ass?  

Exactly...sure it will be coming soon..hate even bringing it up but it was glorious. As much as I am a btc bulltard..self admitted...I have come to accept that there will be other coins. It does no diminish my believe in bitcoin over the long term what so ever tho. What I am really quite pleased with was bitcoins performance thru it all...sure we touched the line..but held strong at 14k support. Pretty pleased that it was able to do that thru the pump. The conductor is a virtuoso.

*golf clap*

In the end, I used the expression "who gives a ratt's ass" because in the end, there can be a lot of pumping of these various inferior products and even attempts to make it appear that they are equal to bitcoin based on relative market size to bitcoin and bitcoin dominance measurements (as falling), but in the end, they are quite far from the sophistication and robustness of bitcoin, and therefore, we don't really need to worry about a lot of the money flowing into the crypto space and flowing into these various other non-bitcoin projects.  Whether it takes 2 months or 10 years, a lot of folks are going to likely come to realize that bitcoin is where it is at, bitcoin is the real deal and bitcoin has the fundamentals that are lacking in other crypto projects.  

So, perhaps some of that money will flow back into fiat, but more likely that money that is flowing into various scammy and pump and dumps and inferior alts is going to find its way back to daddy.      Gotta feel good about that, no?

[Arriemoller]

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

I'm starting to wonder if I didn't jinx the whole fucking month of January talking about the sell order I placed @ $17k...

That's what I get.

Sheeit  

Now, don't mention February.

[Logic-Elliven]

I'm quite surprised at all the negativity and uncertainty regarding BTC here.
IMHO BTC just went Hypodermic for a while and has now corrected back into the parabolic trend it has 'always' been in:

https://fs.bitcoinmagazine.com/img/images/Figure_2_2_uoCMXak.original.jpg
(SOZ; can't get the image to show here? Hopefully some who can will post it plz)

The above image hasn't been updated since the 4th, and the new 14K bottom (that aligns very nicely with the other 4 bottoms just below the top parabolic trend line) isn't shown.

IMHO exchanges need to be somehow persuaded/forced to adopt Segwit, but other than that we are looking at a an excellent buy opportunity atm.

[HairyMaclairy]

What is really happening in the marketplace is an arms race to solve scaling. That is the one clear stumbling block that is holding back crypto.

The scaling arms race is really between Bitcoin and Ethereum.  However Ethereum has the handicap that it has to carry far more traffic on its network due to onchain smart contracts.  So I believe it is losing the race despite research into sharding.  

Bigger blocks don’t solve scaling so that rules out Bcash (for the shills in the audience it is just kicking the can slightly down the road and making the problem much worse in the interim).  Ripple is just an Excel ledger controlled by some guy. Bcash at 10,000 tx per second is just an Excel ledger controlled by some guy.  I don’t understand how anyone will be able to store the transaction spam in Raiblocks or Iota without fees as a barrier.

I challenge anyone to tell me that another coin is going to solve scaling before Bitcoin without becoming another Ripple.

When someone convinces me well and truly that Bitcoin will lose the scaling arms race, then I will take that very seriously indeed.  Until then, I stand and hold.

[Arriemoller]

I'm not a computer scientist kind of guy and I don't like maths. My strengths lies in other areas of specialization.
I have always tried to do and study things I like, rather then pursuing a traditional career and that have lead me on to many interesting paths, crypto being one of them.

However, when I get a bank card I don't give a rat's ass how it actually works, and the bank doesn't tell me either. They just tell me how to use it. The same goes for just about everything else i buy, the TV salesman doesn't tell me how the TV works, just how to use it et cetera.
But when it comes to crypto it's always the other way around, every thread and info page talks ad nauseam about how it works, and very little about how to use it.
I for example no nothing at all about how to use segwit, and yet segwit have been talked about for ages. And I consider myself fairly intelligent. Just imagine then, when average Joe comes to bitcoin and is told to use segwit to lower fees. That won't tell him anything.
Why can't core make a information page that tells you how to use it? And make sure that page is seen among the noobs, and for that matter oldies like me without a degree in computer science. Why do they and everybody else have to talk non stop about incomprehensible technicalities?
I don't give a fuck about the underlying technology, I want to know how to use it.

And by the way, can you make a segwit paper wallet? And if so how?
That is one of the things that core should tell people if they want adoption.

This has just summed up exactly why the average person would never actually use bitcoin. If you try to explain the 'how to use it' and 'what does it do', it will not offer any advantages over fiat/visa and only drawbacks. The only advantages come either if you are a criminal or if you are a trader/investor/gambler. There isn't any use case for the average person except making a profit, which is why everyone is in now.

That very much depends on where you live and if you are a spender or a hodler.

[HairyMaclairy]

If you want to use Segwit get a hardware wallet. You’ll be using it and not even knowing it.

[cAPSLOCK]

I'm quite surprised at all the negativity and uncertainty regarding BTC here.
IMHO BTC just went Hypodermic for a while and has now corrected back into the parabolic trend it has 'always' been in:


(SOZ; can't get the image to show here? Hopefully some who can will post it plz)

The above image hasn't been updated since the 4th, and the new 14K bottom (that aligns very nicely with the other 4 bottoms just below the top parabolic trend line) isn't shown.

IMHO exchanges need to be somehow persuaded/forced to adopt Segwit, but other than that we are looking at a an excellent buy opportunity atm.

Hypodermic...