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

[Last of the V8s]

https://twitter.com/BMBernstein/status/983829454475624451

Many claim that the BTC bubble has burst. BTC isn't a bubble --it's a response to the very real bubbles in our economy today.

Govt control of money and the most important price in a capitalist economy--the interest rate--has caused distortions and true bubbles. Let's take a look



Super thread on legacy financial system bubble.

[Michael CF]

Spectacular growth + 12% after a sharp drop, Bitcoin is on the rebound. When Bitcoin prices drop, they say Bitcoin is a bubble??

[JayJuanGee]

Hairy's buying and Jay is selling, this should all even out soon

Yes.  The irony.  I woke up this morning, and I found that the sudden 12% BTC price rise had caused automatic sales of about .7% of my total BTC holdings... yet the irony of such a sudden BTC price rise that triggered several sell orders, seems to be that the percentage of the value of the ratios of my total holdings of bitcorns as compared to fiat seemed to have gone up a little bit after such sudden price rise  (I mean that about a week ago, when prices were in the $6,700 territory... my portfolio skew in favor of bitcoins had been floating in the 93.1% arena and then after the recalculation my ratio went to 93.7%), as compared to before... Go figure?  

I may not be calculating too well, because sometimes there are more changes than merely the one pump that just occurred, but from time to time, I need to make adjustments to my ratios, too.  

Currently, I am o.k. with my BTC ratio staying in the 92% to 94% arena, yet if BTC prices were to go shooting up really fast towards ATHs, then I would not really want my bitcoin ratio to drop very far below 90%, unless maybe if we had gone much past the ATH territories in a rapid manner (something like a blow-off top)..  

 On the other hand, if BTC prices were to go shooting down to $3k or something like that, I probably still would like to have 96% or so ratios of the total value in BTC.....  just to be prepared for the possibility of more downwards, even if it did not seem too likely to me.... Adjust, adjust, adjust... and perhaps reconsiderations of strategies seem to be ongoing my habits.

So yeah, I just ate a big shit sandwhich...

If you were short you deserved it. We're supposed to be going up. That's the idea.

Hahahahaha... another irony... Rosewater lecturing the bear wanna bees...   

[JayJuanGee]

We are near 8k. Lets see if this time is another bull trap or not.

Personally I don't think so. The volatility had gotten so low there that the price was deciding which way to break out. It looks to me like a decision was made.

It would be nice if some of you goofballs will explain yourselves, rather than talking in amorphisms and also seeming to want to cover your predictions to be true, no matter what?... hahahahaha

 

[HairyMaclairy]

[JayJuanGee]

and they keep us enthralled

If it was a Bitcoin chart instead of Pokemon this would be more accurate for me!

You have decided to grace us with your presence?  Maybe you have been too out of touch with bitcoin in recent times?  Have you been following the SSS plan, more or less?  in other words cash some out on the way up and even perhaps buy back in, too?

[Bitcoinaire]

Tim Drapers latest  prediction is $250,000 by 2022.


9:45 mark

https://www.youtube.com/watch?v=UMVQAiVRS4Y

[RoomBot]

SWEET Rally today, BTC

Up 13-15%.

[Rosewater Foundation]

We are near 8k. Lets see if this time is another bull trap or not.

Personally I don't think so. The volatility had gotten so low there that the price was deciding which way to break out. It looks to me like a decision was made.

It would be nice if some of you goofballs will explain yourselves, rather than talking in amorphisms and also seeming to want to cover your predictions to be true, no matter what?... hahahahaha

 

You mean aphorisms, Jay? Maybe you ought to limit yourself to smaller words for a while?

[JayJuanGee]

We are near 8k. Lets see if this time is another bull trap or not.

Personally I don't think so. The volatility had gotten so low there that the price was deciding which way to break out. It looks to me like a decision was made.

It would be nice if some of you goofballs will explain yourselves, rather than talking in amorphisms and also seeming to want to cover your predictions to be true, no matter what?... hahahahaha

 

You mean aphorisms, Jay? Maybe you ought to limit yourself to smaller words for a while?

Nope... I meant what I said.  Helrow?  You are in a real lecturing mood lately... You must be feeling good.  right?

[infofront]

My odds of not being a Walmart greeter when I'm 60 rallied by about 13% today.

[Rosewater Foundation]

My odds of not being a Walmart greeter when I'm 60 rallied by about 13% today.

I'm still looking at cat food, but it's gourmet cat food.

[Bitcoinaire]

My odds of not being a Walmart greeter when I'm 60 rallied by about 13% today.

I'm still looking at cat food, but it's gourmet cat food.

I believe the gourmet is fit for human consumption.....

[Rosewater Foundation]

My odds of not being a Walmart greeter when I'm 60 rallied by about 13% today.

I'm still looking at cat food, but it's gourmet cat food.

I believe the gourmet is fit for human consumption.....

This is how we stay one step ahead of the game. Thank you!

[HairyMaclairy]

Are we talking the wet stuff in tins or the dry stuff in a big bag?

[Rosewater Foundation]

Are we talking the wet stuff in tins or the dry stuff in a big bag?

Tins.

[HairyMaclairy]

Some light reading:

https://www.ozy.com/true-story/i-did-it-6-days-of-eating-dog-food/36846

But this setup is hardly ideal. A can of Simply Nourish costs $2.39 and has just 200 calories. It’s more expensive than going paleo

[bitserve]

My odds of not being a Walmart greeter when I'm 60 rallied by about 13% today.

I'm still looking at cat food, but it's gourmet cat food.

I believe the gourmet is fit for human consumption.....

In fact I have noticed it is way cheaper to give my cat "human" (regular) tuna and shrimps than those "gourmet" stuff. Fortunately, she also seems to prefer the "human" variety instead.

Maybe some day I will be rich enough to feed myself on gourmet cat food.

[jojo69]

the cat eats better than me

it's not fair to punish her for my bitcoin addiction

[bitserve]

Are we talking the wet stuff in tins or the dry stuff in a big bag?

Tins.

Tins is no "gourmet".

I assumed you were talking about something like this:

https://www.google.es/search?q=gourmet+crystal+purina&dcr=1&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjU5c__sbbaAhVCVRQKHad8Ae4Q_AUICigB&biw=1366&bih=606