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

[HairyMaclairy]

I also support blocking people from buying crypto on credit cards.  By definition borrowed money is not what you can afford to lose.

Letting them get in debt 100K for a degree in gender studies is totally sound investment instead.

As equally sound as donating 100K to a church so you can reserve your place in heaven.

[realr0ach]

This fuckers right here: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

Captain's Log - Stardate 2018

r0ach & Jamie Dimon have managed to defeat the bitcoin pump and dump while simultaneously acquiring a substantial amount of physical silver.

[Agapios]

can someone please point me to masterluc tradeview chart where he said i think in november "i see no resistance to 20 000"
someone just copied chart today in this topic, but its biiig topic and i cant find that chart anymore

[sa_94]

This fuckers right here: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

This isn't a bad thing imo, using lines of credit to buy Bitcoin is not a good idea.

Stockholm syndrome with banks huh?

Why would Bitcoin be different to any other thing you can pay with your credit card? Don't be so naive, they are not trying to protect consumers here, just their own filthy interest.

I'm under no illusions that banks give a shit about their customers but when masses of people who probably dont understand what they're signing up for use money they don't have to invest in a rather volatile market it's not going to end well.

If everyone just invested what they can afford to lose we'd have much less panic selling and regret.

[JayJuanGee]

Of course this fall will also be an exit point, according to me, I just need to be patient. It does not matter whether it is the bull market or the bear market.

Of course, if you have a specific time window as your target for exiting, then you may want to consider a kind of staggering of your exit, so you are not necessarily subjected to the whims of the market within your time window.

I try to claim that I do not change my behavior very much based on my thinking about the market, so I cannot put my finger exactly upon some to the seemingly subliminal forces that cause me to play around in one direction or another with my funds - how much I am putting in (and if I am over investing a bit in bitcoin when I think that the price is going to go up, and if I am over withdrawing a bit while the price is going up).   

I think that my overwithdrawing also attempts to account for my cashflow expectations and my projections of cashflow, so if I have a bigger expense in the future or if there is some other reason that I expect to withdraw additional funds, then I tend to start that process early and even keep those fiat funds a bit more liquid (as extras in my holdings that I am not going to spend) because I am planning to use all of them in the future for my upcoming BIG projected expense.  Of course, if I have some extra BIG money come in for some other reason then, I can tweak around the projected cashflow too.  It does not seem to be an exact science because there can be a bit of gambling in there too, but I guess what I am trying to say is that there might need to be a bit of a tendency to pull extra out or not put so much in (to keep in reserves) in order that you will not be subject to the whims of a market such as BTC that can be quite whimsical and even to move beyond expectations and to remain irrational longer than we can remain solvent (in the event that we do not plan prudently for such anticipated irrationality that seems to occur quite regularly in bitcoinlandia and maybe even moreso when we got some of these stupid-ass altcoins causing additional uncertainties and difficult to predict pulling/pushing effects).

[ivomm]

In a day like this many felt like this lil boy:  

https://www.youtube.com/watch?v=dyA9-jJhlCo

[becoin]

This fuckers right here: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

Understandable move and might turn out to be good in the mid-term (in a non-speculative way)

Since when banks decide what people can buy with their credit cards? Is bitcoin illegal?

It might be their credit card but it's still the banks money, even though I believe in Bitcoin and recommend investing to people I wouldn't give them my own money to do it.

You're allowed to invest banks money from your credit card in Vegas casinos but they don't allow you to invest in bitcoin because of... too much risk... Really? Only retarded can buy the "risk" argument.

[Neo_Coin]

[JayJuanGee]

Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?

Probably just you....


hahahahaha


I'm just kidding.   

Even when I feel quite calm cool and collected (with a decent plan to advantage from this seemingly extreme downwards volatility), the situation can still be stressful - because us BTC watchers can never really be sure what price point is going to hold, exactly and when the downward momentum is going to end, exactly. 

This reversal in the past 10 hours at $7,625 does seem to have been based on a decent amount of dump spike volume that would be relatively convincing that the bears should have blown their wadds - but gosh.. we can never be certain until perhaps being more certain after we bounce back above a certain price point, perhaps that price point is above $12k-ish, currently?

[HairyMaclairy]

It’s also retarded that you can gamble on credit cards. It’s not your money.

[Last of the V8s]

It’s also retarded that you can gamble on credit cards. It’s not your money.

It's not your not-money.

[600watt]

for a moment I was stunned when I read this news about the upcoming santander/ripple smartphone-app enabling "same-day cross-border payments in under a minute" for all their customers.


https://www.coindesk.com/santander-uk-ripple-payment-app/



fuck that!- I thought - a fucking real life use case for ripple. after this dip, the next slap in the face?!?!?!


but no worries:

Customers will be able to use the app to facilitate same-day cross-border payments in under a minute, according to the slide. The app will also provide a digital wallet, a personal finance manager and help aid person-to-person payments.

A Santander spokesperson, said "we plan to launch this in the next few months, and we can confirm on the record that we plan to use xCurrent in the project."

Ripple's xCurrent product does not use XRP, the company's native cryptocurrency.

if I would hold any fucking xrp I would very very very pissed....




so what kind of crypto are they using? what crypto besides bitcoin will have a real life use case ?

oh....

The bank had been piloting the app for 18 months with its employees, integrating Apple Pay for payments between £10 and £10,000 ($14 and $14,000), according to Finextra.

 

edited: alt/crypto

[toknormal]

Futures getting bulldozed by real. (Helps if your market's open )

[Last of the V8s]

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public. Credit Erika P. Rodriguez for The New York Times

SAN JUAN, P.R. — They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.

in other nudes

[toknormal]

4-Hour MACD crossing to the upside for the 1st time in 10 days.

[User705]

Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?

Probably just you....


hahahahaha


I'm just kidding.   

Even when I feel quite calm cool and collected (with a decent plan to advantage from this seemingly extreme downwards volatility), the situation can still be stressful - because us BTC watchers can never really be sure what price point is going to hold, exactly and when the downward momentum is going to end, exactly. 

This reversal in the past 10 hours at $7,625 does seem to have been based on a decent amount of dump spike volume that would be relatively convincing that the bears should have blown their wadds - but gosh.. we can never be certain until perhaps being more certain after we bounce back above a certain price point, perhaps that price point is above $12k-ish, currently?

It feels like just traders are left.  Tether/Bitfinex still unresolved.  Bitconnect might not have been a lot of money relative to bitcoin but it was a lot of people who are derping on YouTube and everywhere else “fuck all crypto”.  ICOs are either getting sued or getting C&D by Texas.  Anecdotal evidence points to 20k being top for a while.  People in this thread retiring by selling above 10k likely means they won’t buy back at above 10k so that segment is gone.  The regular people are gone.  I have a friend who’s a multi millionaire.  Double digits.  He got burned on LTC by buying it above $300 when stupid TV was pumping it with “three simple reasons why it’s better then bitcoin” and last time I tried throwing him some signals like set your bitcoin buys at mid 8s, mid 7s and his response was “fuck this, I ain’t dropping another penny on this shit”.   He got burned by the stock market a while back and to him this is just another market.   Nothing special or different.  Of course I could be wrong and who knows maybe hedge funds will buy to manipulate the futures market.  People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

[BitcoinBunny]

Biggest Dow drop in years today. But Crypto is dead.

[Ibian]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

[Enjel]

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

[bitserve]

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

But some people want it to be too damn fucking quick and easy. They should know better.