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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26380875 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. (174 posts by 3 users with 9 merit deleted.)
yefi
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April 05, 2018, 04:50:02 PM

Perhaps Bitcoin will recover 15 times faster.

Just remember with these accelerated timescales that the valuers are ultimately human and our timescales are precisely x1 what they were in the palaeolithic.
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JayJuanGee
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April 05, 2018, 04:55:20 PM

I am getting the impression that you are very skeptical about BTC, and perhaps you are correct that bitcoin might be in a long level of flat and downward trends - but your assumption is no where near a given.  This is not 2014/2015, so price dynamics could play out differently.. on the other hand, 2019 is not necessarily a long time to wait for price action, and it is only 9 months away.

There are several different levels (roughly corresponding to timeframes) of my attitude towards bitcoin. I am very skeptical about the short term. Of course, it is just an opinion (nobody can predict bitcoin's price), but I feel the cold breath of another cryptowinter.

O.k. sure.  None of us really know what is going to go on exactly; however, I consider myself similar to you in having had formed a tentative framework for what I believe is going to happen in terms of short term or long term, and surely I have difficulties attempting to predict on any kind of meaningful basis except having decent considerations that bitcoin is a good long term investment and it is good to accumulate bitcoin, and even if there is short term noise, the fundamentals of bitcoin continue to get stronger and stronger.

At the same time, my longer term view is much more optimistic. I thought bitcoin was dead when it fell from more than $30 to $2, then in 2014 I lost interest (mainly due to personal reasons), but now I think there is a high probability (although, obviously, not a certainty) of another exponential rise, especially if second layer solutions (LN, smart contracts) appear. As for the very long term and the idea that bitcoin can fundamentally change the existing economic and financial system, I am sure it will not happen. In this sense, I am not a bitcoin enthusiast.

Yes, you seem to have been through quite a few volatile periods, and you seem more pessimistic than me about long term bitcoin fundamentals - even though you seem to have a decently long term following the space.  I gave you a merit for your explanation anyhow, in spite of your "lackings."... hahahahaha


If you are sensing that you may not want to study into bitcoin or accumulate or anything like that in the coming year, then likely you already have a BTC stash that you feel is sufficient in the event that BTC prices go up from here - and sure it is possible that you have other things going on in your life that you feel deserve more of your attention, as compared with bitcoin.

Other folks may be more inclined, during this particular possible lull period to continue to spend decent resources accumulating bitcoin, in anticipation that a upwards price run is going to take place, even if the upwards price run is not imminent, it will pay off to continue to reasonable make continued accumulation efforts during this period.

If you have a lower price point in which you will buy in such as $5k or $3k or even $1.5k, you may or may not get such opportunity to buy in at that point, but it is good to personally have some outline regarding where you would consider to be good buying opportunities and also to be sufficiently content if the price does not go down to your buy target points.

I always strictly follow another rule, "do not invest more than you can afford to lose".

Of course, this concept is fundamental to any volatile investment, but people still use it in differing ways.  I use it to consider that I am not leveraging or betting and that I have my living expenses covered for 6 months into the future with my cash flow, then any extra I can invest into bitcoin.  Over time, that can add up to a lot of money, especially once the bitcoin ends up appreciating 30x... So maybe starting off with a modest $10k ends up in the $300k territory... so motivations can change, even though the initial $10k did not seem to be very much the $300k gets into Lambo territory.. and some folks start to think,.... " I could have had a lambo for $10k?" when the price starts to go down, we can see where there can be emotions... and how much was initially invested can get lost in the shuffle.

I have some coins I mined long ago (well, in bitcoin world 6-7 years is 'long ago'), so I am not especially worried about short-term fluctuations - in total I would not be at loss even if the price plunges to lower hundreds (yes, I am mostly a HODLer). Buying/investing is another story, and trading is yet another.


Sounds like you are in a decent personal position, then.

There were at least two big bull traps this year, and I am not convinced there there will be no more.

I would be hard pressed to call price fluctuations in a correction bull traps.. even though technically you are correct.

You are also correct in the sense that it is going to take a lot of breaking through upwards resistance to get back to $19k price territories.


In one sense, it would make sense a decent amount of sense if you don't feel very passionate about bitcoin or very strongly about wanting to accumulate bitcoin, then you may well not be very invested in the concept (but only luke warm about it), so in that regard, it would make sense that you would not even feel any kind of inclination to share your knowledge with others because you merely view bitcoin as blasé.... and something that may or may not happen or some thing that may or may not be important.. and that is your viewpoint, which likely differs from guys who actively participate in forums like this one, even during down price periods.  For different folks, there are different strokes.

Forums are different, here I may be much more talkative, although I prefer to read, not to post.

I learn about about myself and about my own stance by attempting to interact on ideas.. but sure, sometimes, just reading can be insightful, too.
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April 05, 2018, 05:10:51 PM

Even you seem to be using GDAX, and that has 0% fees for makers, and you seem to be using that kind of incentive - and what if they raise their fees to 1%, you going to change your behavior and perhaps discuss the situation, no?  

I'd re-evaluate the landscape, sure. And I might change. I might even discuss it. What I wouldn't do is ask a silly question like 'why are they raising their rates?'.

Nah.. the question is not silly... you are just grasping at straws in your technical parsing about what has been discussed in terms of why Gemini is going to 1%.



Quote
the fact that they made the increase in their trading fees does not mean that they are either correct in their assumptions and/or goals or that their change will achieve their goals (as you seem to imply that whatever the fuck they do, they are smart and they will be successful in reaching their unstated goals..

Not exactly. I'm just saying that they have a better viewpoint on the matter than do either you or I.


Like I said, even though I am framing the question in terms of their viewpoint, I am also discussing the matter in terms of my own interests... hello?



Quote
.. whatever, this is not exactly about them, when we are talking about ourselves and our decisions about whether to use their services and/or how to change our practices, if we choose to do so.  

While that may have been your implied subtext, that is explicitly NOT what I replied to.

Yeah, because you are technically parsing and losing the point.. and getting caught up in details to act like the subject matter does not matter.


What I demonstrably replied to was your 'why would they raise rates?' If you didn't want a possible answer, why did you ask the question?

It is part of the overall concept and attempts to figure out what is going on in the whole crypto space which affects individual decisions about which exchanges to use, how to use them and planning around those kinds of changes in the space.

By the way, I opened an account on Binance, and I moved some of my previous Gemini trading over to Binance.. They seem to have some technical interface issues,  currently.. so a bit buggy so far with my own individual usage compared with Gemini... but each platform has its pluses and minuses.


Quote
You would rather talk about how Bcash ...

Hmm. Which of the two of us injected BCH into the conversation? Somewhat telling, that.

It is not telling because your nonsense on that point has been strongly played out at various points.. you are poo pooing the importance of my talk around Gemini, so seems to be a way for me to do a bit digging back at what you might prefer.. oh?  Bcash is not doing so well lately either, right?  It is still the future though right?   Roll Eyes Roll Eyes   
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April 05, 2018, 05:44:53 PM

Fud of the day :

Quote
India Bans Bitcoin Wallets, Bank Funding, All Cryptocurrency Services

https://www.zerohedge.com/news/2018-04-05/india-bans-bitcoin-wallets-bank-funding-all-cryptocurrency-services

I guess the question is whether RBI is acting of its own accord, or if it is just being the globalists' little bitch  again - like the large note demonitization incident.
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April 05, 2018, 06:48:51 PM
Merited by infofront (1)

I went back through my post history to find out what I was thinking.



Found it.
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April 05, 2018, 07:03:59 PM
Merited by Rosewater Foundation (1)

50 minutes beforehand:

infofront (OP)
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April 05, 2018, 07:05:12 PM

On a quick skim, privacy comes up twice in that article. 'Blacklisting' is for people who don't understand opsec, aka monero shills. Don't believe everything your centralised shitcoin figureheads tell you.

I was banned from Coinbase for possessing, sending, or receiving blacklisted coins. How's that for Monero propaganda?
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April 05, 2018, 07:09:00 PM


Pure degenitard gambling. I knew what I was doing.
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April 05, 2018, 07:09:07 PM

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months. Huh

Hindsight is a bitch, and most of us are probably in the same boat. As long as you believe in Bitcoin, it will all work out.
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April 05, 2018, 07:16:15 PM

Indian exchanges are all like 'we have no banking anyway' https://mobile.twitter.com/WhalePanda/status/981890547551035393
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April 05, 2018, 07:18:26 PM

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months. Huh

Hindsight is a bitch, and most of us are probably in the same boat. As long as you believe in Bitcoin, it will all work out.

I just want it on the record that I do not want any more cheap coins. My TA lol tells me we're casting pearls before swine at these prices.
Last of the V8s
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April 05, 2018, 07:22:15 PM
Merited by jbreher (1), Raja_MBZ (1)

Ripple CEO waiting for coinbase announcement

https://twitter.com/CNBCFastMoney/status/981944880388825091
@CNBCFastMoney2 hours ago
Attention crypto universe! @coinbase President @AsiffHirji will be making a major announcement at 5 pm ET. You do not want to miss this.
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April 05, 2018, 07:28:20 PM

On a quick skim, privacy comes up twice in that article. 'Blacklisting' is for people who don't understand opsec, aka monero shills. Don't believe everything your centralised shitcoin figureheads tell you.

I was banned from Coinbase for possessing, sending, or receiving blacklisted coins. How's that for Monero propaganda?

Chain analysis is like a forensic science now. I'd be interested to know how they discovered your criminal ways.
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April 05, 2018, 07:37:17 PM


https://twitter.com/CNBCFastMoney/status/981944880388825091
@CNBCFastMoney2 hours ago
Attention crypto universe! @coinbase President @AsiffHirji will be making a major announcement at 5 pm ET. You do not want to miss this.

BCH is going to be delisted Smiley
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April 05, 2018, 07:40:34 PM

http://www.loper-os.org/?p=1299 Don’t Blame the Mice.

LOL, 208.94.116.144
 is blacklisted. Smiley

On a quick skim, privacy comes up twice in that article. 'Blacklisting' is for people who don't understand opsec, aka monero shills. Don't believe everything your centralised shitcoin figureheads tell you.

I was banned from Coinbase for possessing, sending, or receiving blacklisted coins. How's that for Monero propaganda?

I didn't realize he was talking about Monero as he said shitcoins and I did just state cryptonote so as not to mention any coin in particular. Wink
I also thought BTC Maximalists were pretty much up on Monero's qualities as the more intelligent of them have been hedging with it, my bad.

Pure degenitard gambling. I knew what I was doing.

I far too often resemble that remark. Smiley

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months. Huh

Hindsight is a bitch, and most of us are probably in the same boat. As long as you believe in Bitcoin, it will all work out.

the funny thing is I sold most of my crypto on the way up around 7k. Lol

But gambled it away at the casino so in hindsight... Cheesy

Indian exchanges are all like 'we have no banking anyway' https://mobile.twitter.com/WhalePanda/status/981890547551035393

Shit nobody even wants their notes!

https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation
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April 05, 2018, 07:58:28 PM
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chart of the day:

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April 05, 2018, 08:34:20 PM

On a quick skim, privacy comes up twice in that article. 'Blacklisting' is for people who don't understand opsec, aka monero shills. Don't believe everything your centralised shitcoin figureheads tell you.

I was banned from Coinbase for possessing, sending, or receiving blacklisted coins. How's that for Monero propaganda?


Gemini banned BayAreaCoins and never even gave him a reason why.

I received a brief email this afternoon (1 day after updating bank wire information.)

"Good Afternoon,

Our Compliance team has reviewed your account and regret to inform you that your account will be closed at this point in time.

Regards,

Gemini Customer Support"


My account and records were all then completely blocked... I'm not really sure what I need to do in order to give my accountant the information she needs in order to file my taxes.



I have no way of accessing my account history or anything else like that for taxes or any other reason it seems? 

I've emailed Gemini and will update with what they have to say in regards to why and information remaining on the account.

Strange and scary.   Roll Eyes

Happy Good Friday!  RIP Jesus and my Gemini account  Lips sealed Grin
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April 05, 2018, 09:20:59 PM
Last edit: April 05, 2018, 09:39:25 PM by Last of the V8s


https://twitter.com/CNBCFastMoney/status/981944880388825091
@CNBCFastMoney2 hours ago
Attention crypto universe! @coinbase President @AsiffHirji will be making a major announcement at 5 pm ET. You do not want to miss this.

BCH is going to be delisted Smiley
BTG went up a bit then down a bit on this
https://blog.coinbase.com/adding-support-for-bitcoin-forks-to-coinbase-c4bee020898c
more thrills to come, apparently
edit: a big coinbase-style nothing. a venture fund for institutions. not adding more coins mostly because of regulatory uncertainty - mildly interesting.
pps: http://www.businessinsider.com/coinbase-launching-venture-fund-2018-4
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April 05, 2018, 09:35:23 PM


https://twitter.com/CNBCFastMoney/status/981944880388825091
@CNBCFastMoney2 hours ago
Attention crypto universe! @coinbase President @AsiffHirji will be making a major announcement at 5 pm ET. You do not want to miss this.

BCH is going to be delisted Smiley
BTG went up a bit then down a bit on this
https://blog.coinbase.com/adding-support-for-bitcoin-forks-to-coinbase-c4bee020898c
more thrills to come, apparently

Too bad that I only keep a rather small amount on Coinbase, to tinker around with a little day trading. However, I guess every little satoshi that I can eke out is better than nothing. I suspect that the vast majority of what I will get out of Coinbase will end up being dust.
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April 05, 2018, 09:43:17 PM


https://twitter.com/CNBCFastMoney/status/981944880388825091
@CNBCFastMoney2 hours ago
Attention crypto universe! @coinbase President @AsiffHirji will be making a major announcement at 5 pm ET. You do not want to miss this.

BCH is going to be delisted Smiley

I don't know why but I think there won't be any listing anytime soon on Coinbase, and this major announcement will be related to something else and not any addition of new coin.

Those who're buying coins like TRON and ZRX right now in hope of Coinbase listing will probably get rekt big time soon.
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