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

[RoomBot]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

Maybe she is.   

[RoomBot]

USD is the main currency in the US because of laws. There is no such law for Bitcoin. There is no way we can force or compel the average user to use the real bitcoin. .

ahh, but there is, it is called Gresham's law

Well done!

[JayJuanGee]

Most people just don't have the patience to hold any asset for a long period of time before selling. They feel that 1-3 years is about all they can do before they get the itch to liquidate.

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.

........
4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it? Give it to the second and third generation so they can do something stupid with it?
......

Part of the erroneous all or nothing investment mindset, and you, Biodom, seem to share such erroneous thinking.

There are ways to be happy, to live within your means and to invest in the future.

For example, you should not be buying a $200k to $700k lambo, unless either you are about to die or that you have at least a couple million dollars in assets.



In other words, there is no reason that you cannot do both - live well and invest in your own future, and part of the key to that involves both planning and living within your means... and if you invest well, then living within your means will become greater and greater, and you will not be left with an old age dilemma about why you have so much money but are not able to enjoy hookers, blow and lambos.

[HairyMaclairy]

I want neither hookers, blow nor Lambos so obviously will have some difficult decisions coming up. 

[TERA2]

I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.

[Syke]

https://bitcoinvolatility.io/

Webpage version of the app, Gilfoyle from "Silicon Valleys" made, that plays Napalm Death's "You Suffer", every time BTC moves above or below a certain price.

Story here: https://www.theverge.com/2018/4/29/17286148/silicon-valley-gilfoyle-napalm-death-bitcoin-price

Great song. Great show. Too bad those Verizon commercials make me hate Thomas Middleditch almost as much as Mark Karpeles.

[JayJuanGee]

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.

Tera, debs bera, likes to throw out a lot of random quasi-sensical informations and to see if anything might happen to stick.

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.

The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

Whoaza... her answer here seems to demonstrate my point...

Holy moly, Tera Bera!!!!!  You are really talking nonsense when you are trying to suggest some kind of crypto equivalency arguments - sounding like peter schiff or some other nocoiner who is confused about the crypto space to such an extent that they believe (or act like they believe) that the printing of multiple other shit coins rises to the level of a "bitcoin competitor" that inflates the supply of bitcoin.

Get the fuck out of here with that.




(saved it for the end, just for you, Torque)

[TERA2]

I'm not making a hypothetical argument. The data on Coinmarketcap speaks for itself.

[Kylapoiss]

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

My role model.

Was thinking the same, he had a massively satisfied look on him, a zero-worries one.

[infofront]

ITT

tranny-cock-monger is a thing

I can think of worse retirement lifestyles.

[realr0ach]

I think bitfinex should be considered a total and complete black market scam artist exhange.

I told you people that every day for the last 4-5 years.  That's one reason I despise bitcoin.  The entire bitcoin market is controlled by a single trader/entity operating on Bitfinex ever since the price was $200.  Said entity naked shorted the market during the halving in huge volume and could not cover his shorts, then Bitfinex mysteriously claims they were hacked right after and stole everyone's bitcoins in order to cover the shorts.  

In order for this entity to operate on Bitfinex, it's 100% required for Bitfinex staff to be in on it, so it's either the Bitfinex owners themselves who control the whole market through fraud, or Bitfinex owners colluding with Chinese mining cartel, or they're issued some type of gag order and it's the ESF or Goldman Sachs or something manipulating the market.  In the GATA archives it was uncovered the ESF attempts to introduce high volatility into the metals markets on purpose to make it seem like a less valid monetary instrument or store of value, so the govt/bankers themselves might even be running the bitcoin pump and dumps for this very reason.

That explanation would only make sense if you believe the govt did not create bitcoin.  If the govt did create bitcoin, it would likely be the ESF propping up their scam to try and lure people into these imaginary, worthless tokens and distract them from sound money (silver or gold).  Either way, the entire bitcoin price is based on Bitfinex fraud.  So the question is:  what is the real price of bitcoin without Bitfinex fraud?  Nobody knows.  They pumped the market via this tether scam, so I imagine it would be lower and somewhere between $200-$3000.

[JayJuanGee]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

 That's pretty generic.  What kind of monger would you like to be?  Fearmonger?

This is a sex thing, if I'm not mistaken..

A sex monger.  Great!!!

Hopefully, the price of BTC will stay above $10k in order that Syke would not have to discontinue his anticipated upcumming bitcoin experiment.

[Anon136]

I think bitfinex should be considered a total and complete black market scam artist exhange.

I told you people that every day for the last 4-5 years.  That's one reason I despise bitcoin.  The entire bitcoin market is controlled by a single trader/entity operating on Bitfinex ever since the price was $200.  Said entity naked shorted the market during the halving in huge volume and could not cover his shorts, then Bitfinex mysteriously claims they were hacked right after and stole everyone's bitcoins in order to cover the shorts.  

In order for this entity to operate on Bitfinex, it's 100% required for Bitfinex staff to be in on it, so it's either the Bitfinex owners themselves who control the whole market through fraud, or Bitfinex owners colluding with Chinese mining cartel, or they're issued some type of gag order and it's the ESF or Goldman Sachs or something manipulating the market.  In the GATA archives it was uncovered the ESF attempts to introduce high volatility into the metals markets on purpose to make it seem like a less valid monetary instrument or store of value, so the govt/bankers themselves might even be running the bitcoin pump and dumps for this very reason.

That explanation would only make sense if you believe the govt did not create bitcoin.  If the govt did create bitcoin, it would likely be the ESF propping up their scam to try and lure people into these imaginary, worthless tokens and distract them from sound money (silver or gold).  Either way, the entire bitcoin price is based on Bitfinex fraud.  So the question is:  what is the real price of bitcoin without Bitfinex fraud?  Nobody knows.  They pumped the market via this tether scam, so I imagine it would be lower and somewhere between $200-$3000.

[Icygreen]

Well, this is still the wild west so to speak.  We're aware of the heavy manipulation and the fundamentals remain.   Don't use bitfinex, maybe don't trade it at all but not being invested at all in BTC isn't an option that I'd consider.

[JayJuanGee]

Well.. Most of optimistic holders right there were not expecting bitcoin to break 3.000$ after a dump from 2.980$ to 1.800$ and go as high as 20.000$ 4 months later.

The average optimistic bitcoin projections after we break 3.000$ was 5.000$ for the end of 2018, and we know what happens.. bitcoin goes x4 of that average expectation.

Now also we are in the same situation. A pullback from 20.000$ to 6.000$ Then a try to retest the 20.000$ and go above in next weeks.

Again the average optimistic holders are praying for a price of 20.000$ again before end of 2018. So maybe we are going to make x4 of the average expectation before end of 2018 For a bitcoin price of 80.000$.

When/If bitcoin gonna hit 80.000$ the very big hedge funds and the richest persons are going to enter the market. This gonna coincide with a bitcoin pullback from 80.000$ to 40.000$ only because this time there are the richest persons in the world  willing to buy bitcoin after bitcoin going to be the number one on internet trends from here. So.. its going to be a very big support, and from there the real big boom gonna happend ( duo to the amazing big big bang money coming) and take bitcoin price from 40.000$ to 500.000$ before end of 2019 And then bitcoin officially recognised as the new GOLD and all the powers gonna submit to the new worldwide king.

Thats my projection.

I know it sounds like impossible, but with bitcoin all is possible. He goes from cents to 20.000$ in 7 Years and you think its impossible he make X25 in 2 years from the 20.000$ registred on december 2017 to december 2019?

I like your way of thinking. Sometimes we are too consumed by the short term charts and miss the big picture. If we keep our faith in what seems impossible now, we will be rewarded sooner or later.

Thank you mate.

We need more positive bull energy.

In the long run, bitcoin from hes creation, was only very bullish in the long run and that are not going to change.

Like you said, our brains are by default focused on the very short term and forget the big term picture wish is very very bullish.

And for my projection, i found it very reasonnable and conservative, but for the ones that are more focused on short term pictures, it feels like mission impossible to get @ 80.000$ @ the end of 2018  And 500.000$ @ the end of 2019.

In the past, bear markets have survived for multiple years. The growth has been concentrated in a few months, which means you really shouldn't miss those. Giving such tight price targets for end of 2018 for example makes me uncomfortable, since the bear market could very easily last until then. However, if the past is any guide, the subsequent growth once it enters the bull phase would be impressive too. Just don't want people to sell in despair if their year end price targets aren't being met.

You are exactly correct - yet, another factor is that the bull market from late 2015 to 2017 took two years to unravel, and arguably we could still be in such bull market.  Price direction remains unclear from here, regarding whether our current correction is going to continue - which you are also right that we could be in this current correction for another year or two before resuming up.   

[JayJuanGee]

I want neither hookers, blow nor Lambos so obviously will have some difficult decisions coming up. 

hopefully you do not become one of those take it to your grave statistics.

[infofront]

I want neither hookers, blow nor Lambos so obviously will have some difficult decisions coming up. 

Sugar babies, crank, and Teslas it is then.

[JayJuanGee]

I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.

how do you figure out when to cash out your 50%, exactly?  or how much to HODL in preparation for any rally?

For example, it seems that you had removed yourself from bitcoin during the crash from $1100 to $200, and you were reluctant to get back in.  Also, you were talking bear talk all the way up in this past price run, all the way up past $1,, you were talking bear talk, and then further you became even more bearish above $8k, so perhaps you did not have any bitcoins remaining that you could cash out, even above $1k or even above $7k...

Are you sharing a formula that others could actually use, or are you just making up some random non-specific and bearsicle practice that attempts to get HODLers to sell more?   

I had actually theorized that I would sell up to 50% of my HODLings at one time or another when the price was going up, especially if I were to sense that BTC prices were reaching a blow-off top.... however, I am glad that I did not follow such a practice, and really, I remain unclear about when to determine a blow off top, and in that regard, selling less than 20% of my stash incrementally on the way up has given me a whole hell of a lot of fiat to play with, so I cannot imagine selling more, or figuring out what else to invest in (besides bitcoin), if I were to invest.

[nanobtc]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

In 1971, Zappa characterized the Trend Monger?  Search for The Adventures of Gregory Peccary on your own time.

[HairyMaclairy]

I want neither hookers, blow nor Lambos so obviously will have some difficult decisions coming up.  

Sugar babies, crank, and Teslas it is then.

Socialists like myself prefer babushkas, krokodil and Ladas