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

[Richy_T]

I have just seen an ad of WU:

"Send money around the globe for 0 cost"
In small letters: "WU makes profit via conversion fees".

That's like a taxi service advertising that it will take you anywhere for free (you just have to pay to get in and out). I'm surprised an ad like that was allowed.

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[lemonte]

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

Probably I live in a country with a lot more money available for the average joe.
20 Bitcoins are worth 11-12k CHF -> most people with academic background earn that in 1-1.5 months!

Yes, I can tell you, 20-100 BTC are no problem to invest including portfolio diversification (bitcoin shouldn't be more then 10% of your savings -> high risk).

BTW. I'm a student and I have more then 20 BTCs..


@ seleme: how old are you?
Just check the salary in switzerland and stop complaining about your miserable income.

Yeah 8K Euro / Month NET? Sure bro! Most people with an academic background look at 3K Euro NET / Month. Anyway you're a student, what do you know.

Dream world!! Average net in Switzerland is 4,948 CHF according to Wikipedia (£3,348.85) and don't forget, this is relative to the price of living out there.

[600watt]

keep in mind: the swiss are rich.  

[Mirsad]

Yeah 8K Euro / Month NET? Sure bro! Most people with an academic background look at 3K Euro NET / Month. Anyway you're a student, what do you know.

I'm nearly finished with my masters degreed and work part time...
I know the salary pretty well.

I wasn't talking about NET, because that depends on the tax region, health insurance policies, ... - there are big differences in switzerland! But it's no problem to invest every year 10-20k Euro with a normal job.

If you have a family and 3 children, cars, expensive holidays, then you probably are not capable of investing 10-20k euro/year in bitcoin.

Dream world!! Average net in Switzerland is 4,948 CHF according to Wikipedia (£3,348.85) and don't forget, this is relative to the price of living out there.

I was talking about people with academic background.. not the working poor without proper education...
Yeah, there are a lot of working poor, even in switzerland. Just don't have kids before 35 and you can live like a king here. But if you're stupid enough to get your girlfriend pregnet with 20, you have pretty much lost.

[San1ty]

I have just seen an ad of WU:

"Send money around the globe for 0 cost"
In small letters: "WU makes profit via conversion fees".

That's like a taxi service advertising that it will take you anywhere for free (you just have to pay to get in and out). I'm surprised an ad like that was allowed.

It's in Germany... They thought taking over the world was allowed.

Hmm Too soon?

PS: Please don't take offence, I'm just trolling .

[xephireusMMX]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

But the low is $7000 and anyone with a job can afford to save $7000 in few years. If not, something is wrong

[BitChick]

i cant do it

i cant sell me coins!  

again I've got 22 BTC  a few days past a month so far mining as a NOOB....how many of you guys are gonna crack like an egg when/if BTC hits 1000 usd ..... ack....and from what I've seen on here if everyone runs to sell at the same time ..you seem to lock up the works anyway with no one selling....a nice little delusional loop

I've only got 22 coins ..it hits 1000 usd and I actually have the $$$ to plan and implement my foolish mid life crisis correctly (sports cars co-eds and bimbos)..(must resist)

anyway you with over 100 coins (big brass ones) I  will watch ponder and learn and www.mtgox.com is at $721 and going up as I type ....all aboard the 'roller coaster" exit stage left

sheez....only been doing this a month and flabbergasted already

Don't think that you are the only one with such a small portfolio! Big profits can still be made with what you have, it's all about timing and it's never too late!

Haha you say that 22BTC is a small portfolio... That's still huge compared to me! 0.11BTC currently! I just need to invest more and will when I get paid again Honestly though, a long term (as long as BTC doesn't get outlawed in future) market cap of $50B-$100B is feasible and that would price each BTC at $2381- $4761. That's not taking out the lost BTC or BTC in storage (not in the exchanges) so with that taken into account I think the price *should* go a lot higher than that long term.

Well obviously now it is. A year or so back, 22 BTC wasn't that much. A lot of us here on the forum go way back and had the opportunity for a lot of cheap coins. (I wasn't one of the lucky guys, I discovered BTC when it was close to 70$). Still, if you believe in BTC; acquiring more at a pace you are comfortable with is the way to go.

Some of the guys here have over 1K coins, that just makes me sick .

I often think about the "What if's" of getting into BTC earlier.  I had a dream (or nightmare) last night.  I was at a PTA meeting and I overheard other moms talking about Bitcoin so I jumped in and said, "Oh.  You have some Bitcoin too?"  The moms replied, "Oh yes. We bought them when they were $1."  My heart sank and I thought, "Everyone got bitcoin sooner then me!"  I woke up realizing that is pretty crazy.  No one around me has even heard of Bitcoin still and the ONLY people we know that have any are the ones we have told personally.  This might be different in other parts of the world, but not in our circle here near Los Angeles.  I console myself that someday It will probably be the other way around.  I will be talking about Bitcoin, someone will be bragging they got them for $200 per mBTC and I will just say, "Yes.  I got them for $200 each too!"  Not mentioning that they were $200 per full BTC.    We will see of course. . .

[TERA]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

What if its $70k that I made by trading/holding btc, after withdrawing well over my original investment. Is it still insane to keep it in and let it run? I need to know.

[notme]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

But the low is $7000 and anyone with a job can afford to save $7000 in few years. If not, something is wrong

That something is most likely they were born in a country where only the wealthy earn that much in a year.  Unfortunately, billions of people still fall in that category.  Seriously guys, extrapolation from Europe/North America to anyone/everyone is a sure fire way to look like a retard on the internet.

[wachtwoord]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

What does "on Wallstreet" even mean?

[San1ty]

Anyone looked at the book @ gox recently? This thing looks primed!

[BRADLEYPLOOF]

That something is most likely they were born in a country where only the wealthy earn that much in a year.  Unfortunately, billions of people still fall in that category.  Seriously guys, extrapolation from Europe/North America to anyone/everyone is a sure fire way to look like a retard on the internet.

+1

[theonewhowaskazu]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

I think 10 BTC is a reasonable amount for 'normal' guys to be able to obtain. I don't think anybody is saying that you should suddenly go out and put a single buy order in on gox for $7000, but I think obtaining 10 BTC over the course of like 6 months is a completely reasonable feat, especially when we aren't in a bubbling phase.

[wachtwoord]

Gox and Stamp are above China now? The only constant is there is no constant it seems

[notme]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

What does "on Wallstreet" even mean?

I assume it means one works in a building on the street called "Wall Street" in New York City.  In other words, someone on Wall St. works for a big bank or invest firm, although I suppose there are some coffee shops on Wall St. too.

[San1ty]

Now that we are discussing about anything.

Does anyone have an opinion on having a BTC donation address in your signature?
Have any of you ever gotten anything from having one? A cool story perhaps on how you randomly received a ton of BTC.

Kinda looks like begging in the digital age doesn't it . (And I'm taking part of it ).

[BRADLEYPLOOF]

I would kill for 22 BTC...I have 1/100 of that...

The reason why there are so many idiotic postings...
Probably more then 50% here have less then 1 btc and are younger then 18 years old -> can't take anything seriously from such users

Every "normal" guy can afford at least 10-100 btc.

Thats ridiculous. Very few "normal" guys can throw $70,000 USD onto what is still very much an extremely speculative investment. Maybe you're on wallstreet and think $70K is throw away money, but don't be confused. You have to be crazy well off to throw $70,000 into something as far out as bitcoin.

I think 10 BTC is a reasonable amount for 'normal' guys to be able to obtain. I don't think anybody is saying that you should suddenly go out and put a single buy order in on gox for $7000, but I think obtaining 10 BTC over the course of like 6 months is a completely reasonable feat, especially when we aren't in a bubbling phase.

I wish I could spend 1/3 of my yearly income in 6 months on a speculation.  But unfortunately, I work a job that doesn't  pay me enough to do so.  I live, how do you say...paycheck to paycheck?

[MickeyT2008]

Now that we are discussing about anything.

Does anyone have an opinion on having a BTC donation address in your signature?
Have any of you ever gotten anything from having one? A cool story perhaps on how you randomly received a ton of BTC.

Kinda looks like begging in the digital age doesn't it . (And I'm taking part of it ).

I did include one when I first joined this forum because a lot of other people had them, but I soon decided that it looked like begging as well as being pointless so I removed it, but feel free to dump your surplus BTC here if that helps, lol:  122TybYFT4uYgoD8sbBWB5RczL87socK3X

[Ivanhoe]

Gox and Stamp are above China now? The only constant is there is no constant it seems

Where did you see that? I still see China just under 5000 CNY.

[notme]

Now that we are discussing about anything.

Does anyone have an opinion on having a BTC donation address in your signature?
Have any of you ever gotten anything from having one? A cool story perhaps on how you randomly received a ton of BTC.

Kinda looks like begging in the digital age doesn't it . (And I'm taking part of it ).

When I am helpful, people send me BTC.  I practically forget I have an address in my Sig until someone tips me.  Check blockchain.info.  Bitcointalking has been highly profitable for me.