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Question: July 28 Closing Price:
<$3,000 - 6 (7.3%)
<$8,000 - 5 (6.1%)
$8,001-$8,500 - 2 (2.4%)
$8,501-$9,000 - 1 (1.2%)
$9,001-$9,500 - 11 (13.4%)
$9,501-$10,000 - 6 (7.3%)
$10,001-$10,500 - 8 (9.8%)
$10,501-$11,000 - 14 (17.1%)
$11,001-$11,500 - 7 (8.5%)
$11,501-$12,000 - 4 (4.9%)
$12,001-$12,500 - 4 (4.9%)
$12,501-$13,000 - 3 (3.7%)
$13,001-$13,500 - 2 (2.4%)
$13,501-$14,000 - 2 (2.4%)
>$14,000 - 3 (3.7%)
>$18,000 - 4 (4.9%)
Total Voters: 82

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21296950 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (103 posts by 19 users deleted.)
HI-TEC99
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March 06, 2018, 01:41:16 AM
Last edit: March 06, 2018, 02:14:41 AM by HI-TEC99

Bitcoinity's going down for maintenance soon. Anyone checking the price on it will have to switch to something else.

Quote
At about 1:30 AM UTC site will temporarily go down for maintanance.


"Temporary?"

5 minutes?

30 minutes?

2 hours?

1/2 day?

one month?

They estimate between an hour and a few days.


Quote
Bitcoinity.org

Down for maintenance.

ETA about 1 hour, so it shouldn't take longer than a few days Wink

Something to keep you busy: airma.sh

edit

They had it back online in less than the hour they predicted.
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toknormal
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March 06, 2018, 02:02:22 AM


I keep saying it and it keeps happening.

The one no-one's watching - Unobtanium. Now 4 years old.

Try getting your hands on it - you can't.

Now $170. Immense !!


oblox
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March 06, 2018, 02:10:19 AM
Merited by thisisntbic (1)


I keep saying it and it keeps happening.

The one no-one's watching - Unobtanium. Now 4 years old.

Try getting your hands on it - you can't.

Now $170. Immense !!




...because... wait for it... no one cares.
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March 06, 2018, 02:11:20 AM

[edited out]


If you spent around $10k on bitcoins any time between late 2014 and early 2016 at below $500 (let's say average price per BTC was about $500), then you would have 20 BTC - seems like enough for a Lambo.

On the other hand, I think that it would NOT be very wise to buy a Lambo unless you have at least 100BTC (so if you have at least 100BTC, then you would be spending less than 20% of your bitcoin holdings on a Lambo).  On the other hand (I think that is enough hands for now), if you think that you are going to die soon (within the next year or two), then who cares, you need to have funzies while you are still living... and spend your bitcoins and buy the depreciating Lambo - even if you only have 20 BTC-ish or even less.

That's my NOT SO GOOD advices for the day.   Tongue     Wink     Cheesy

20% of the nest egg for a lambo, that's crazy talk. I'd barely be willing to spend that percentage to retire, then maybe lambo if 20% of retirement-money is enough for the lambo. Yes I'm a greedy greedy fuck.  Grin

I think that you and I are on a similar page in our thinking about buying luxury and depreciating assets with proceeds of our bitcoin investment, so I suppose that I am appealing to the more extravagant folks in this thread.  They do exist.

One thing that might need to be sussed out is whether we are presuming bitcoins to be the totality of your investments or what kind of size is th rest of your estate.   Let's just assume for the sake of argument that the bitcoin holdings constitute a vast majority of your whole wealth (at least 80% or more), and then your figure of 20% of 20% puts you at about 4% of your holdings, and even having some reservations about whether a Lambo would be prudent under those circumstances. 

I cannot really battle with you on those kind of personal thresholds, because I am likely similar to you in my thinking and probably less than 2% would be my personal threshold, as long as I was feeling sufficiently geared up otherwise to have a decent storage place for the thing and the other lifestyle drama that a lambo would likely bring into my life.. because there is no doubt that spending on a lambo should really symbolize that you have acquired a decent stash of "fuck you" money, rather than you have to stretch your finances in order to be able to fit such a purchase into your lifestyle.


Full ACK to that.
Although I like Lambos, I would not like the attention it'd get me and it's very low on my imaginary stuff-to-get list. Being a depreciating extreme luxery good also lowers the percentage of coins I'd be willing to spend on it.
That said, I currently plan to get a tesla s instead. Cheaper, less-extreme luxery (different threashold) and selling some bcash (ty bcash ceo, lol) as well as other alts brought the strain on my btc holdings down to a comfortable level, so, well, fuck it. Usually I prefer stuff that makes me money but where would be the fun without wasting a bit for fun stuff, right?  Grin
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March 06, 2018, 02:35:52 AM


I keep saying it and it keeps happening.

The one no-one's watching - Unobtanium. Now 4 years old.

Try getting your hands on it - you can't.

Now $170. Immense !!




...because... wait for it... no one cares.

...because... wait for it... no one cares.

Yes they do actually.

Because the entire nature of these markets is characterised by two harmonics interacting with each other:

 • speculataion
 • fair value

If you've been around for a few years you'll have noticed that anything that comes onto the market always has a bow wave. Litecoin, Peercoin, NxT, Bitshares....you name it.

That "bow wave" is fuelled by speculation over some apparently unique characteristic. Then as new stuff comes along people forget about it and with profit takes - the asset "fades away".

But the unique characteristic didn't "fade away" and for a very select few of them starts to be revalued at fair value. That's what's happening with Unobtanium - one of the few early Alts created in the "supernova" of 2013/14 never to be repeated. It was expensive, then cheap and now getting expensive again, except this time for real rather than speculative reasons.

So the prices we're seeing now (even measured in BTC) are likely never to be revisited.
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March 06, 2018, 02:44:06 AM

Stick your fingers in a shitcoin at random.
Just don't.
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March 06, 2018, 02:44:53 AM
Merited by JayJuanGee (1), MirkoIta (1)


I keep saying it and it keeps happening.

The one no-one's watching - Unobtanium. Now 4 years old.

Try getting your hands on it - you can't.

Now $170. Immense !!




...because... wait for it... no one cares.

...because... wait for it... no one cares.

Yes they do actually.

Because the entire nature of these markets is characterised by two harmonics interacting with each other:

 • speculataion
 • fair value

If you've been around for a few years you'll have noticed that anything that comes onto the market always has a bow wave. Litecoin, Peercoin, NxT, Bitshares....you name it.

That "bow wave" is fuelled by speculation over some apparently unique characteristic. Then as new stuff comes along people forget about it and with profit takes - the asset "fades away".

But the unique characteristic didn't "fade away" and for a very select few of them starts to be revalued at fair value. That's what's happening with Unobtanium - one of the few early Alts created in the "supernova" of 2013/14 never to be repeated. It was expensive, then cheap and now getting expensive again, except this time for real rather than speculative reasons.

So the prices we're seeing now (even measured in BTC) are likely never to be revisited.


People care so much, it's on a handful of exchanges and trades less than $50k/day. GTFO.
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March 06, 2018, 02:53:35 AM


People care so much, it's on a handful of exchanges and trades less than $50k/day. GTFO.

There are assets where volume matters and ones where it doesn't. Mona Lisa's for example aren't measured by their market "volume". Diamonds don't trade in supermarkets, so I don't accept your analysis in this particular case.

Why does bitcoin have value ? Because markets that are looking for a reserve monetary asset (as opposed to a technology or equity stock) fear one thing over all others - ambiguity.

Bitcoin mitigates ambiguity more than any other crypto can simply because it is the earliest and most branded of all blockchain assets. Imagine in 100 year's time with a gazillion cryptos or future virtual assets floating around what will be more difficult to reproduce ? Some arbitrary thing that was created in the year 2067 or an original who's origin goes right back to the dawn of non-tangible assets.

The distinction that something like Unobtanium has is that it's far less liquid and occupies its own sector - basically functioning as a type of "art market" in the crypto realm.

That's why it didn't die and is now on a permanent road to a major revaluation IMO.

Try picking up even 1 UNO in the year 2030 and see how you fare. There are less than 200,000 in total supply and a crypto that rare is never going to be - never can be - created again with the same age.
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March 06, 2018, 03:05:43 AM


Well, if the rules are clear beforehand, and A knows that he won't get money for medicines even if that means dieing, then he has to die for not mowning the lawn (it is HIS decision). There can be some exceptions as if he is disabled and therefore can't do it or is incapable of understanding the rules due to some mental issues. Acting otherwise would be completely unfair.

P.S.: I think I have some "leftist" inclinations for making some exceptions in relation to protect the weak (not the lazy though).

What if the parents are very lazy and don’t mow the lawn, but the consequence is their children die?

The examples does not give a shit.

Just so we are perfectly clear, you are advocating killing children through neglect because their parents do not provide for them?  

So you're saying...  Lobsters will eat our children?
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March 06, 2018, 03:06:15 AM

[edited out]


If you spent around $10k on bitcoins any time between late 2014 and early 2016 at below $500 (let's say average price per BTC was about $500), then you would have 20 BTC - seems like enough for a Lambo.

On the other hand, I think that it would NOT be very wise to buy a Lambo unless you have at least 100BTC (so if you have at least 100BTC, then you would be spending less than 20% of your bitcoin holdings on a Lambo).  On the other hand (I think that is enough hands for now), if you think that you are going to die soon (within the next year or two), then who cares, you need to have funzies while you are still living... and spend your bitcoins and buy the depreciating Lambo - even if you only have 20 BTC-ish or even less.

That's my NOT SO GOOD advices for the day.   Tongue     Wink     Cheesy

20% of the nest egg for a lambo, that's crazy talk. I'd barely be willing to spend that percentage to retire, then maybe lambo if 20% of retirement-money is enough for the lambo. Yes I'm a greedy greedy fuck.  Grin

I think that you and I are on a similar page in our thinking about buying luxury and depreciating assets with proceeds of our bitcoin investment, so I suppose that I am appealing to the more extravagant folks in this thread.  They do exist.

One thing that might need to be sussed out is whether we are presuming bitcoins to be the totality of your investments or what kind of size is th rest of your estate.   Let's just assume for the sake of argument that the bitcoin holdings constitute a vast majority of your whole wealth (at least 80% or more), and then your figure of 20% of 20% puts you at about 4% of your holdings, and even having some reservations about whether a Lambo would be prudent under those circumstances. 

I cannot really battle with you on those kind of personal thresholds, because I am likely similar to you in my thinking and probably less than 2% would be my personal threshold, as long as I was feeling sufficiently geared up otherwise to have a decent storage place for the thing and the other lifestyle drama that a lambo would likely bring into my life.. because there is no doubt that spending on a lambo should really symbolize that you have acquired a decent stash of "fuck you" money, rather than you have to stretch your finances in order to be able to fit such a purchase into your lifestyle.


Full ACK to that.
Although I like Lambos, I would not like the attention it'd get me and it's very low on my imaginary stuff-to-get list. Being a depreciating extreme luxery good also lowers the percentage of coins I'd be willing to spend on it.
That said, I currently plan to get a tesla s instead. Cheaper, less-extreme luxery (different threashold) and selling some bcash (ty bcash ceo, lol) as well as other alts brought the strain on my btc holdings down to a comfortable level, so, well, fuck it. Usually I prefer stuff that makes me money but where would be the fun without wasting a bit for fun stuff, right?  Grin

I agree that it is a good idea to splurge a bit, here and there, and surely, I am a bit like you, I would rather buy a Tesla, a boat, some hookers and blow, rather than using the same amount of BTC profits that it would take to buy merely a Lambo... .but yeah, you would be less on the side of flamboyant wealth, while achieving more actual material (rather) than symbolic pleasures from the same amount of money.

So, for example, if you could afford a medium price-ranged Lambo (or the equivalent splurging) from merely 4% of your portfolio holdings, then if we place the cost of a medium range Lambo at about $250k, then you have assembled a portfolio in the $6million territory, which is surely nothing to sneeze at in terms of "fuck you" money. 

In about 2015, during much of the BTC price flat period, I had done a decent amount of calculations regarding attempting to figure out what levels of BTC portfolio holdings might be considered reasonable to maintain a decent entry level to passive income but still a decent reserve (emergency fund).  I had determined that $1million was no longer enough, based on inflation and all of that, so $3million seems more reasonable to have a bit of a cushion, too.  So, yeah, anything beyond those $3million levels is icing on the cake, even though the volatility of bitcoin might not let one rest with $3million if the BTC price goes down 70% (which we experienced from $19,666 to $5920), so having a decent cushion above $3million can cause the passive income sustainability assurances.
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March 06, 2018, 03:08:21 AM
Merited by jbreher (1)

Try picking up even 1

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March 06, 2018, 03:12:36 AM

Have just changed my autocorrect to default “bcash” to “bcash lol”.  Very satisfying.
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March 06, 2018, 03:13:14 AM

But the unique characteristic didn't "fade away" and for a very select few of them starts to be revalued at fair value. That's what's happening with Unobtanium - one of the few early Alts created in the "supernova" of 2013/14 never to be repeated. It was expensive, then cheap and now getting expensive again, except this time for real rather than speculative reasons.

So the prices we're seeing now (even measured in BTC) are likely never to be revisited.


Thousands of penny stocks eventually trade at a price never to be revisited again. And yet still no one cares... because no one values them.
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March 06, 2018, 03:28:19 AM






https://www.usmarshals.gov/assets/2018/bitcoinauction/
HairyMaclairy
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March 06, 2018, 03:30:36 AM

Holy fuck.  We may have just solved the last mile problem in crypto.  This looks serious and legit.

https://www.trueusd.com
JayJuanGee
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How much alt coin diversification is needed? 0%?


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March 06, 2018, 03:33:44 AM



[https://i.imgur.com/J9Of5ke.png[/img]


https://www.usmarshals.gov/assets/2018/bitcoinauction/

Why you posting this information without describing the context?

It appears to be an auction that already took place January 18, 19, 2018... right?

What is the point that you are trying to make with this information?
explorer
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March 06, 2018, 03:41:11 AM

Holy fuck.  We may have just solved the last mile problem in crypto.  This looks serious and legit.

https://www.trueusd.com

Tether2!
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March 06, 2018, 03:41:21 AM

I dont think it would be wise to spend 20% of your funds on car, or spend that much on a car ever. I'm buying a car that costs under half of a lambo but can still beat a lambo in a race.
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March 06, 2018, 03:43:06 AM

Holy fuck.  We may have just solved the last mile problem in crypto.  This looks serious and legit.

https://www.trueusd.com

Long awaited alternate of Tethers. But we still seriously need more alternates of USD/EURO/etc.
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March 06, 2018, 03:45:56 AM

Holy fuck.  We may have just solved the last mile problem in crypto.  This looks serious and legit.

https://www.trueusd.com

Long awaited alternate of Tethers. But we still seriously need more alternates of USD/EURO/etc.

I already have a stable digital currency that is accepted pretty much anywhere in the world that matters to me. It's called the USD in my bank account. And the greatest part is, it's purpose-built for spending not hodling!
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