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

[jojo69]

You folk are getting a bit too exuberant and need to settle the fuck down.  We have 3 green dailies that’s all.  Go back to being miserable. 

It is rather humorous how fickle our collective emotions are.  We are supposed to be the hardened hodlers here, beyond worrying about the ephemeral whims of the market, but no.

[marcus_of_augustus]

... crossing 200ma (~$9145) from below might be making some shorts emotional?

[HairyMaclairy]

I’m never going to be able to buy coffee with shitposts.

You can if we add lightning payments to the trollbox !

I don’t think you have really thought through the consequences of what you are suggesting.

[Typex]

I did notice this article in the Telegraph..

https://cointelegraph.com/news/new-survey-shows-around-26-mln-americans-own-and-8-percent-plan-to-buy-cryptocurrencies

This is great news. Only 8% currently own cryptos, and another 8% plan to. IOW, the number planning to get in will double the ranks of crypto owners. BullishAF.

Assuming that's correct, we'll be in for another mega-rally. Not entirely convinced about some of their numbers though. Adding up the amounts invested works out at around $70 billion, for example:

Coin___________	Pop. %	Avg. Invested (USD)	Total Invested (USD)*
Bitcoin	5.15%	3,453.89	57,631,610,000
Ethereum	1.80%	1,243.42	7,251,625,000
Bitcoin Cash	0.90%	636.22	1,855,218,000
Ripple	0.85%	299.06	823,611,300
Cardano	0.45%	84.22	122,792,760
Stellar Lumens	0.40%	151.38	196,188,500
Other	0.75%	388.33	943,641,900
			68,824,685,880

*based on 324 million Americans.

Thats complete nonsense.  Not a chance 5% of americans have Bitcoin, let alone each one of them putting $3500 into it.

Can you elaborate why not?

I think that people speculate that the total world adoption is likely less than .5%..... which would be around 35million... and the article seems to be speculating about 17 million americans, when maybe less than 10 million would be more realistic, maybe even less than 5 million.

At my work I interact with hundreds of people of all ages and backgrounds on a day to day basis.  While many of them have heard of Bitcoin (largely due to the mania at the end of last year), I estimate 99%+ could not give detailed instructions on how to purchase, move, hold and secure BTC.  99.5% could not explain how BTC and its blockchain works.
I work with 50 people.  Only two of us have crypto, despite everyone talking about it last year and me convincing people they should get into the space.  None of them pulled the trigger.
If we are talking about 8% of 25-34 year old males, then maybe.  But 8% of everyone.  I just dont believe that.

[HairyMaclairy]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

[bitserve]

I haven't even bothered to read the source because I call bullshit without doubt. Is the sampling criteria detailed?

I am mostly sure that, if they really did any sampling it was completely biased. Ie: what would happen if I decide to ask users of reddit... would that be a good criteria to extrapolate to the total population? Of course not. What if I decided to ask Bitcointalk users? ......

Something is very, very wrong, in the sampling methodology... if there is any at all!

That said, the interesting data one could try to extrapolate is that, from that sampling, there is the same amount of people that already have Bitcoin than there are decided to buy some this year (equally biased 8% vs 8%). But even that I would take it with a giant grain of salt.

[Typex]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I know quite a few business clients that come into my work, they are mostly middle aged or older.  none of them have a clue about crypto.
I know someone in their early 30s who manages peoples wealth.  Ive been told his book is worth 800 million CAD.  None of that is in crypto and he would not advise them to invest in it either.
I believe adoption is much lower, maybe 2-3% who actually understand, purchase, secure and follow crypto.

[Elwar]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

[bitserve]

I’m never going to be able to buy coffee with shitposts.

You can if we add lightning payments to the trollbox !

I don’t think you have really thought through the consequences of what you are suggesting.

You are probably right.

All I'm suggesting is if someone makes a truly amusing comment or something in the trollbox, fuck sMerit, send him a cheap BTC micropayment for the funny, via LN.

I'm sure the backend setup would be a bit of a nightmare, and getting users onto the network and get channels funded would take some time, but being forward-looking, I bet we see something like this roll out in the next year. Not here, but elsewhere. Maybe.

That, sir, would be a perfect use case for LN initial testing and deployment on scale.

[HairyMaclairy]

I’m never going to be able to buy coffee with shitposts.

You can if we add lightning payments to the trollbox !

I don’t think you have really thought through the consequences of what you are suggesting.

You are probably right.

All I'm suggesting is if someone makes a truly amusing comment or something in the trollbox, fuck sMerit, send him a cheap BTC micropayment for the funny, via LN.

I'm sure the backend setup would be a bit of a nightmare, and getting users onto the network and get channels funded would take some time, but being forward-looking, I bet we see something like this roll out in the next year. Not here, but elsewhere. Maybe.

That, sir, would be a perfect use case for LN initial testing and deployment on scale.

I was more worried about coming home, smelling smoke and finding charred troll and shitposts all over the ceiling.

[mymenace]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.

I just keep laughing

He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment

[jojo69]

I just know there is going to be a huge post pump-n-dump as soon as I go to sleep.

[Jacques_Bittard]

I think that we'll have a nice weekday dump today, as expected during bear markets.

[MNDan]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.

I just keep laughing

He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment

When you encounter the future, the past will deny it exists...

[Jacques_Bittard]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.

I just keep laughing

He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment

There are also lottery winners with x100000000 on their initial investment. What fools everyone are on not buying up the lottery.

[HairyMaclairy]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.

I just keep laughing

He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment

Yup.  I managed to take out about 4x my initial investment and still end up with the same number of coins due to selling into this crash and rebuying.  Next time around I will focus on increasing my stack.

[mymenace]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.

I just keep laughing

He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment

Yup.  I managed to take out about 4x my initial investment and still end up with the same number of coins due to selling into this crash and rebuying.  Next time around I will focus on increasing my stack.

thats all it is, play the smart money, gettin better and better

I am at the diversification stage, have enough profit to start lookin at generic stuff, stocks, etc, just does not sound as exciting. As well waiting for a big dip ? hmm

[Phil_S]

It seems this sideway action leads to 10000 in April.

And then... who knows...

[JayJuanGee]

I know an investment adviser with 500 clients.  I am the only person he knows that holds crypto.

I asked my investment advisor in 2011 if I should invest in Bitcoin. He just laughed (after I explained what it was). He was like...."you Ron Paul guys...".

My Auditor for my government regulated investment fund advised me 3 years ago and every year since to invest in other options besides crypto.

I just keep laughing

He has suggested the fund runs at a high risk and should be under further review, yet I have x10 on my initial investment

I have discussed bitcoin with several of my relatives, who are much better financially established than me (at least before bitcoin) who use financial advisors, and when I discuss bitcoin with them, each of them seems very trigger shy, even when I talk with them about low level of dollar cost averaging exposure. 

One of my uncles recently seemed to be coming around to the idea because in December he said he was going to "look at" bitcoin after the new year, and then I did not hear from him until last week when he sent me text messages asking me the price direction of bitcoin, and really he was not asking me but instead wanting to confirm his theory to wait until $3k or some other low and unspecified price point.. and further he had mentioned that he was considering GBTC.... Surely I gave him a bit of an earful (in the form of text), but I doubt whether he is really listening to me, even though I have been periodically mentioning this Bitcoin stuff to him for about 3.5 years or so (since about August 2014).

My point is that smart peeps with financial advisors might be worse off than those who do not rely upon financial advisors because it remains quite difficult for so many smart people to get the recommendations of their financial advisor out of their head.. and then the ongoing onslaught of the mainstream media that nearly always is either talking about bitcoin bubble or it's imminent death or fear of govt regulation or some other nonsubstantiated corporate shill and bearish claims.

[RealMachasm]

Posting this on page 20003 on the off chance that it ends up on page 20000 due to post deletions.
Hey I can dream can’t I?