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

[Elix9]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?

Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective.

I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately.

[1714057887]

1714057887

[1714057887]

1714057887

[1714057887]

1714057887

[jojo69]

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

what...on earth...would that non-event have to do with anything??

[BTCMILLIONAIRE]

I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately.

Ah, I see. In that case I'm not sure why crypto would benefit from that. Doesn't really have any relevance that I could think of spontaneously.

[Elix9]

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

what...on earth...would that non-event have to do with anything??

People lose more faith in the established system and gain a little more faith in crypto, a possibility.

[TERA2]

Clearly his analysis was based on TA and not events. Sometimes the event is just a whale trying to dump.

[serveria.com]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?

Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective.

Exactly, it's like trying to ban internet... You can attempt doing it but you risk being isolated and lag behind...

[BTCMILLIONAIRE]

what...on earth...would that non-event have to do with anything??

People lose more faith in the established system and gain a little more faith in crypto, a possibility.

Government shutdowns are not a rare event at all, so I don't see why it would sway public opinion in such a way. If it was the first time the government has been shut down that could potentially be a possibility though.

[JimboToronto]

Have you found any bitcoin ATMs in Mexico you can use to buy the dip yet? I found twelve in Mexico from a google.

When I first checked the BTC ATM situation in Mexico last year, there were only 3, 2 in Tijuana and one in Mexico City, according to CoinATMradar.

Now they're popping up everywhere, however they're still pretty scarce in the Yucatan peninsula. There are none in Quintana Roo where I am but there's one in Merida, a few hours drive away, in case of an emergency.

There's little to no chance of me buying a dip like the one a few days ago. I just had to sit back and be grateful I bought my CAD when the price peaked almost 2 weeks ago and congratulate those smart and lucky enough to buy the dip, while pitying the fools who panic sold.

I figured I'd only use BTC here in an extreme emergency. Hopefully I'll have enough fiat left when I get home to buy the first dip that comes along.

[conspirosphere.tk]

Off to bundle-up, hop on a horse, and start makin' muh way around the snowy countryside, lookin' out for them coyotes.

So are we going to break through $12k today or what ?

Imo you could better take several days of holiday hunting coyotes and whatnot. This weekend will be critical to know if the bottom holds.

[BTCMILLIONAIRE]

The storm is coming...

http://stockemperor.com/currencies/tether-now-prints-100-mln-usd-daily/

How the fuck do exchanges even go insolvent?

[Imbatman]

The storm is coming...

http://stockemperor.com/currencies/tether-now-prints-100-mln-usd-daily/

How the fuck do exchanges even go insolvent?

Is this "priced in", or are we going to catapult down even further when they do finally go under?  Wondering how much of the recent plunge was the futures contracts coming due versus BitConnect.

[jbreher]

http://quillette.com/2018/01/17/jordan-b-peterson-critical-theory-new-bourgeoisie/

Thanks. That interview (linked in the transcript) distills down into a concise half-hour the extent of the gulf between popular cultural norms and rationality.

[bones261]

The storm is coming...

http://stockemperor.com/currencies/tether-now-prints-100-mln-usd-daily/

How the fuck do exchanges even go insolvent?

Either they got "hacked"  or they misappropriated the funds. Bitfinex got "hacked" back in the Summer of 2016. I highly suspect that they have misappropriated funds, though, and the "hack" was a inside job. Even if it was not an inside job, it takes a special kind of stupid to allow some hacker to access the hundreds of private keys that was required for the "hack." It may be really bad for the BTC economy when they finally go under. However, in the end, the cryptocurrency marketplace will be better without them. I absolutely dispise Bitfinex.

[conspirosphere.tk]

Mentally psyching myself up to sell my next block, next week around $11.5k, if we don't find support at $12.5k.

I need to stay on schedule for end of Q1.

I prefer to change my plans and remain almost all in, betting on a recovery in a month or 2.
If I did not sell at 20K why should I sell at 11K?

[bitebits]

[...]
- I have goals I am looking to achieve, and will still be HODLing Bitcorn in the end. So the timing sucks right now. Oh well. I can't get greedy.

What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask.
Wouldn't it otherwise be wise to hang on to a larger part of your bitcoin stash? That is if you are still long term bullish on Bitcoin of course (which you seem to be).

[BTCMILLIONAIRE]

What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask.

Looking to cash out $3M USD worth of Bitcorn before March 1 to have it working for me in a retirement portfolio by end of Q1.

Ideally, I'd like to sell higher than lower, but recognize this is a rough season.

Is there any particular reason for that date? Seems quite arbitrary given that I'm not aware of any funds that restrict entries based on time.

[BTCMILLIONAIRE]

Fair enough. Good luck with that.

[TERA2]

I also need to withdraw a huge amount to pay taxes and the exchanges are dragging their feet. It's freaking me out. What about private buyers?

[BTCMILLIONAIRE]

Wasn't there some service that connected whales peer to peer for crypto <-> fiat trades?

[TERA2]

Theres whaleclub but I dont consider myself a whale, more of a dolphin.