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

[annam2017]

Bitcoin prices are being adjusted and will continue to increase this month. I expected 19,000-20,000 USD

[JayJuanGee]

Except all of this implies a buy at some sort of relative bottom. If 20k was top and your first buy is in high teens you might just sit and stare at your screen for the next two years.  A good strategy is to also set aside a specific dollar amount to buy into at regular dropping intervals.  So for example every 500-1k drop from 10k you buy x dollar amount.  If it keeps dropping you’ll keep accumulating more and more BTC.  On the way down take profit in BTC on the way up if we get past ATH take profit in fiat.

Certainly you can do both dollar cost averaging investing and also staggered selling and buying.

As jbreher already asserted, the staggered selling and buying presumes a decent likelihood of both volatility and an expectation for a long term upward price moves.

It seems like no matter what we can almost assume BTC volatility in both the short term and perhaps in the longer term - including likely presuming such until BTC goes above $100k, and even then, I am still expecting BTC to remain fairly volaltile.. perhaps some shocking BTC development or surpassing $1million per unit would cause less volatile bitcoin price dynamics?

[Torque]

http://finance.weissratings.com/crypto/

What do we make of this?

I’ve never heard of Weiss.

Weiss and his father performed independent financial analyses on banks for many years.  They were conservative in their appraisals, and by that I mean that didn't count squishy items like "goodwill" for very much.  They published their own "Weiss ratings" for thousands of banks.  You could check on any single bank you were interested in, or subscribe to their service.  They sold the business but I guess the son still speaks on behalf of the business.  It was a legit business so this interests me.

Thank you very helpful.  I will give some further thought to this as it is an element missing from the market to date.

Take with a grain of salt.

I'm sure as an investment their rating system will give Bitcoin a C- or D, everything else will get an F.

And the market analysts will say, "See? Told ya so." and pat themselves on the back.

[HairyMaclairy]

Am I a bad person for finding mirth in the self inflicted misfortune of others?

Deep down inside you are a bad person.  Superficially you are quite nice!


I think we can be compassionate, which is different from being sympathetic.

[AlexGR]

This ad is still running


( https://i.imgur.com/YsRfFG0.png )

Very promissing indeed... (instead of promising)... meaning your bitcoins will be missing after all is said and done...

[explorer]

  Before I get started on this process, I thought I'd ask here:

Does anyone familiar with a Ledger Nano S know if there is a way to sweep an old btc paper wallet to it by just scanning the QR?  I'm away from home and trying to help someone make that move and split off the clones.  I've used coinomi, but the btc amount is enough to give me pause;  the shitcoins we don't care, but it scares me to sweep xx btc to that sketchy wallet.  Don't want to set up another wallet.  Sweeping to an exchange is out due to withdrawal limits.

TIA

[European Central Bank]

 Before I get started on this process, I thought I'd ask here:

Does anyone familiar with a Ledger Nano S know if there is a way to sweep an old btc paper wallet to it by just scanning the QR?  I'm away from home and trying to help someone make that move and split off the clones.  I've used coinomi, but the btc amount is enough to give me pause;  the shitcoins we don't care, but it scares me to sweep xx btc to that sketchy wallet.  Don't want to set up another wallet.  Sweeping to an exchange is out due to withdrawal limits.

TIA

use the mycelium cold storage spending function.

get the ledger's address up in the app ready to roll. scan the paper wallet private key. scan the the ledger address. done.

[realr0ach]

For all of the buffoons who don't understand why Exter's pyramid means metals automatically defeat bitcoin and why bitcoin is inherently a slum lord scam that recreates the existing parasite financial structure:

Exter’s Pyramid is a theory by a former central banker. It’s not a proven hypothesis.

Of course it's proven.  All it is is a chart that shows where money goes when people shift out of risk assets to safety.  Lying conmen with 0 integrity like Sidhujag claim bitcoin is not only not a risk asset, it's the lowest risk asset possible.  The sheer audacity of this lie is beyond comprehension.  He should be put in front of a firing squad with the rest of the Jews for even attempting to pull off such a lie.  The Jews being very capable liars and deceivers wouldn't even attempt to pull off such a lie themselves because they know nobody would believe it, but that sure doesn't stop 0 integrity Sidhujag.

He then goes on to reference idiotic jibberish from company man Nick Szabo.  Newsflash:  since it's not possible to create a decentralized cryptocurrency and they're all designed to centralize, it means they're all just permissioned ledger, federated chains in pratice.  You know what else is a federated chain?  Paypal.  Just because they're Rube Goldberg machines that try to obfuscate what's going on doesn't mean they aren't the same thing.  It just takes a short time span for craptocurrency to arrive at that inevitable end.

Anyone with a pulse can tell proof of stake snowball centralizes through interest.  I've already explained to you people "proof of work" isn't actually "work", but the same thing - just collecting interest.  You put miners on auto-pilot, pull in the interest, then parlay the profit into...more miners to raise the vig higher like a typical slum lord trying to monopolize an apartment complex.  Or as you explained in Anonymint-speak:  "economy of scale begets more economy of scale".

Claiming any centralized, garbage cryptocurrency is somehow an off-risk asset or has better fundamentals than metals as the base of Exter's pyramid is like claiming Paypal is the base of Exter's Pyramid.  Only complete fucking morons or scammers could make such a claim.  Neither Paypal or any cryptocurrency remove middlemen or counterparty risk.  Worse still, we aren't talking about some type of benign middlemen, we're talking about built-in, usurious, rent seeking middlemen (transaction validators) in a parasitical relationship who want a cut of every transaction.  Only physical commodity currency like silver and gold remove the parasite middlemen.

[HairyMaclairy]

Bullshit claim process announced for Phase II United Bitcoin:  https://www.ub.com/news/detail?column=1&id=280

[jojo69]

So hey guys, I have not seen it mentioned, and I just noticed, GDAX finally opened up the BTC/BCH pair about 34 hours ago

[bitebits]

Maxwell resigned from Blockstream in November:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-January/015586.html

In order to spend more time working independently on deep protocol
work, especially new cryptographic privacy and security technology for
Bitcoin, I resigned from Blockstream last November. It took until the
end of December to wind down my involvement there.

[Dabs]

Hey guys, I started 2016 with almost nothing, just a little more than 2 digits. It went to single digits by end of 2016 or beginning of 2017. By middle of 2017 it went to double digits again. And bitcoin's price was rallying too. I took a month long vacation during summer, then went back to see my hodlings kinda doubled (in fiat value) but remained the same in bitcoin.

As Torque implied, I was probably one of those kids in 2012 who bought some bitcoins worth $1500, waited for it to double to $3000, then cashed out to buy toys or whatever. I repeated that performance in 2013 to 2014 with Litecoin (from $20 to $40, worth about another $1000).

The coulda shoulda woulda ... the 20/20 hindsight, we all should have just bought as soon as we discovered bitcoin and hodl'ed until either 2014 or 2017 (take your pic, you either did 1000% or 10000%)

Some of us did. A lot of us did not. Some got "roached" and I can clearly see the bitterness as I continue to not ignore him and read his posts (and again, they're all still wrong, he just loves his dead pyramid ,... pyramids do function as tombs for god-kings, but they're dead.)

Anyway, I missed the last 30 or 50 pages recently, was busy dabbling in alts again and watching my almost triple digits remain double digits ... but I didn't actually trade anything, I was just watching. A few of you did take me up on my offer, but the rest of your remain apathetic towards alts in general, vehemently violent against a few in particular.

While we don't understand some of them, it is interesting to note that their biggest supporters in this thread (and outside this thread) do have or revealed to have or had at least a thousand coins of BTC as well as BCH, so there is something to learn from them.

So, while I can't just yet retire on $4 million, maybe if I hodl long enough while living off the rest of my other crypto "earnings" or hodlings, some of you guys will be obscenely rich beyond imagination and I'll be content or happy with whatever I get, probably close to double digit millions, hopefully.

Still double digits BTC here ...

[lightfoot]

Bullshit claim process announced for Phase II United Bitcoin:  https://www.ub.com/news/detail?column=1&id=280

What is this crap?

[jojo69]

Bullshit claim process announced for Phase II United Bitcoin:  https://www.ub.com/news/detail?column=1&id=280

What is this crap?

I think that link tried to attack my box

edit/ I should not overstate the case, my script blockers just said "no fucking way we're resolving that boss"

[Paashaas]

Lightning will destroy many alts

[realr0ach]

The jews are in fact a problem, and there is no good solution to it. Wiping them out would be wrong on a moral basis because they are simply trying to survive, but that doesn't change that they are actively undermining our culture to our detriment.

If you let them stay, they form a state within a state of your host nation through extreme nepotism, and then practice subterfuge against the very people who let them in while trying to economically enslave them.  No nation survives an enemy within the gates.  Other groups practice nepotism as well, but that nepotism usually stops at something like creating a family business.  The Jews are entirely different.  They have a set of fake religious doctrine originating from the Pharisees that claims they're "god's chosen people" and the "goyim" are supposed to be their slaves, and that's exactly what they attempt every single time.

You see, the middle east has always been a shithole obssessed with slavery.  Even during the Roman days when white slaves held by white slave masters were big, the semites were still the biggest slave traders around.  Judaism is nothing more than an evil cult with origins from this antediluvian period.  It's no coincidence that usury is just an obfuscated form of slavery in practice.  That's just the Jew's attempt to refine his semitic-based slave trade.  It's all these people know.  They've done it for thousands of years now.

If you kick these people out of your country, like people have done over 100 different times now, they simply reorganize in a new country, infilitrate it's economy, media, and institutions, then attempt to trick their new hosts into waging war to enact revenge upon you.  They're trying to do it to Russia as we speak.  This is the basis of the so called final solution.  You have to wipe out this evil cult completely or they'll cause endless war and death for every country on the planet.

[TERA2]

Lightning will destroy many alts

Lightning is an alt. What's the difference between using xlm and using dogecoin?

[Enjel]

The jews are in fact a problem, and there is no good solution to it. Wiping them out would be wrong on a moral basis because they are simply trying to survive, but that doesn't change that they are actively undermining our culture to our detriment.

If you let them stay, they form a state within a state of your host nation through extreme nepotism, and then practice subterfuge against the very people who let them in while trying to economically enslave them.  No nation survives an enemy within the gates.  Other groups practice nepotism as well, but that nepotism usually stops at something like creating a family business.  The Jews are entirely different.  They have a set of fake religious doctrine originating from the Pharisees that claims they're "god's chosen people" and the "goyim" are supposed to be their slaves, and that's exactly what they attempt every single time.

You see, the middle east has always been a shithole obssessed with slavery.  Even during the Roman days when white slaves held by white slave masters were big, the semites were still the biggest slave traders around.  Judaism is nothing more than an evil cult with origins from this antediluvian period.  It's no coincidence that usury is just an obfuscated form of slavery in practice.  That's just the Jew's attempt to refine his semitic-based slave trade.  It's all these people know.  They've done it for thousands of years now.

If you kick these people out of your country, like people have done over 100 different times now, they simply reorganize in a new country, infilitrate it's economy, media, and institutions, then attempt to trick their new hosts into waging war to enact revenge upon you.  They're trying to do it to Russia as we speak.  This is the basis of the so called final solution.  You have to wipe out this evil cult completely or they'll cause endless war and death for every country on the planet.

What is your plan for wiping out the Jews? Try another Hitler?

[Enjel]

Lightning will destroy many alts

Lightning is an alt. What's the difference between using xlmg and using dogecoin?

DOGE is good because of pop culture and memes, not because of tech.. so it has more legs to stand on.

[TERA2]

What is your plan for wiping out the Jews? Try another Hitler?

There's a Black Mirror episode about this. (spoiler alert) They give the military a brain implant to make the race of people with weaker genetics unknowingly look like zombies.