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

[jojo69]

socialist gobldegook

fuck man

that makes my head hurt...fuck all that

edit/

To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM.
Also, everyone knows the saying that those who can't,  teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50.
I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.

oh man...dude

feeling it, I am similar age, seemed like we had it going on for a minute there, now its back to attics and crawlspaces, and the alcohol doesn't dull the pain like it used to.

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[bones261]

socialist gobldegook

fuck man

that makes my head hurt...fuck all that

Well, if you don't like that, you can opt for Medicare part C, and get a Medicare Advantage plan. The premium you pay for Medicare part B and part D goes directly to the insurance company of your choice. Depending on how good the coverage is, they may charge you a bit extra. The low end plans don't charge any extra. You can carefully pick a plan that will best suit your needs. Just be careful. Although many aspects of the coverage may be better than what you would get by having the straight government plan, some are worse. For example, with straight Medicare, the copay for a medically necessary ambulance trip is between $80-150.00. With most Medicare Advantage plans, the copay is between $200 and $300. However, in the end, it is probably a better customer experience for you. Usually dealing with corporate bullshit and red tape is less stressful than dealing with government bullshit and red tape.

To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM.
Also, everyone knows the saying that those who can't,  teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50.
I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.

oh man...dude

feeling it, I am similar age, seemed like we had it going on for a minute there, now its back to attics and crawlspaces, and the alcohol doesn't dull the pain like it used to.

I gave up drinking 9 years ago. However, these charts are making a trip to the liquor store seem like a really good idea.  

[Karartma1]

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

[bitserve]

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

Yeah, shut them all down and ban Bitcoin for good.

[Typex]

Do you really get rekt every time, bones, or is it just preventive whining?

(You're free not to answer this, of course. It's just a cocky opening.)

I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.

I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.

To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM.
Also, everyone knows the saying that those who can't,  teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50.
I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.

No point liquidating now (RSI is almost 30) if you have less than 1 BTC.  If its any consolation, most of the world lives paycheque to paycheque.  I also have less than 1 BTC.  

[Karartma1]

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

Yeah, shut them all down and ban Bitcoin for good.

I did not say that: I was simply implying that those exchanges which are playing with fire should be treated accordingly. No need to ban bitcoin, it's not bitcoin fault. For all I care exchanges could all blow up

[bitserve]

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

Yeah, shut them all down and ban Bitcoin for good.

I did not say that: I was simply implying that those exchanges which are playing with fire should be treated accordingly. No need to ban bitcoin, it's not bitcoin fault. For all I care exchanges could all blow up

But the fate of Bitcoin is currently joined to that of exchanges. It is the weakest point. Maybe in some years if all goes well and adoption increases dramatically things will be different. Now most of the Bitcoin activity is exchange based.

[hodl_2015]

[...] paycheck to paycheck [...]

My paychecks are irregular but I have some buffer to handle that and very little fixed expenses. For the rest I'm irresponsibly far into bitcoin and can't buy any more of these cheap coins.
Living paycheck to paycheck sounds very stressful. What worked for me in the past is listing all my fixed and regular expenses, converted to cost/month where needed, order them largest to smallest, and starting from the top of the list, try to get a better deal or consider cancelling the expense altogether. One that is often overlooked is food. Supermarkets have huge margins and you can often get much better deals if you order larger quantities on-line. Electricity usage too. I have natural gas heating and use about 1100 kWh/year using good LED lights, net-book computers and fridge, freezer and internet modem as the _only_ permanent loads, even the microwave has a plug-in switch since I don't like to spend 8 Watts to show the time when not in use. It's a bit of time to sort out but small savings on regular expenses keep adding up in time after that.

[bones261]

Do you really get rekt every time, bones, or is it just preventive whining?

(You're free not to answer this, of course. It's just a cocky opening.)

I'd try and make the bet smaller relative to my playroll, keeping leverage at maybe 3 tops, 1~1.5 even better. "Going long" can actually mean buying a few cents and stashing away. So can "taking profit." Increasing the amount in the freezer is probably the most hopeful subgoal to gambling with 100% house money.

I mean: you know a few things about retirement and taxes. I'm sure you made a few calculations. I know you understand this magical internet money fairly well, too. Come on.

To be blunt, my finances are a horror story. I truly am REKT. My cryptocurrency portfolio has never been large. We are talking less than 1 BTC worth ATM.
Also, everyone knows the saying that those who can't,  teach. Definitely applies to me when it comes to retirement. I have jack shit saved up for retirement and I am 50.
I basically live paycheck to paycheck and the balances on my credit cards increase monthly. I have been working the same job for 15 years and I am probably way overqualified for the position. I hate to admit it, but I am truly an unmotivated loser. What has been nice, starting in November of 2017, is that I did get to cash out on my cryptocurrency profits to keep my head above water. Unfortunately, that well is going to dry up rather quickly. Especially if the BTC market keeps going with the current downtrend. Sometimes I'm just tempted to liquidate all my meager cryptocurrency holdings right now. However, a part of me wants to hold on for as long as possible because quite frankly, it gives me a little ray of hope that maybe things will turn around, and I can delay the looming bankruptcy filing indefinitely.
I will probably regret this posting, since I have bared all to practical strangers. Oh well, at least it was a little therapeutic to have my own pity party.

No point liquidating now (RSI is almost 30) if you have less than 1 BTC.  If its any consolation, most of the world lives paycheque to paycheque.  I also have less than 1 BTC.  

I'm just bitching. Now that I have had my cathartic experience, I feel better now. Part of the bleak outlook is that two years ago my partner had a small inheritance. We've been living in gravy, (well to us it was gravy) for the past two years. But that is mostly gone now. Only 1k left of that. Plus, my partner just had a hernia surgery a little over a week ago. So he hasn't been working this month due to the hernia and will probably not be working for most of June. Unfortunately, he works for himself, so no vacation or sick time to fall back on for him. I'm sure that by July he will be back to work. He's starting to feel the financial pinch as well, so maybe he will be motivated to take on another customer or two. Furthermore, we both share a habit that is rather expensive. We both smoke cigarettes. That's 450.00 per month to ruin our heath and make our clothes, our apartment and our car reek of cigarette smell. One of our friends won't even step foot in our apartment due to the stench. So far, the both of us have had brief conversations resolving to quit, someday; then we each proceed to light up another one.   Unfortunately, it's probably not going to work too well if one of us tries to quit and the other keeps smoking like a chimney. We will see.

[bitserve]

yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled

folk...never a lot of money in that ..thus the mining had

to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read

the graph) .....and I think (again if I remember right) I was making ONE BTC per day.....

and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the

BTC stuff...

so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what

I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came

from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on

the assumption I'd sell all that before getting to such an extreme point...

just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc

same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle

so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say


Crypto: Allowed me to retire 3 years early, bite me!

Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips!

(what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess)

brad
 

p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this

stuff and how serious to take it all..it works for me. Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also.

So if I understand it correctly, $513 is just a symbolic price point of your choosing that doesn't take into account alts and other profits. It's not that it is the right way to calculate a "break even" but if it works for ya who am I to say

If it, somehow, made you reach your retirement plan years early than you thought, then it already gave you some.

I also have a FAKE "break even" price which is the BTC price at the LAST time I sent FIAT to an exchange (just before the Bcash fork). If it ever reaches that price again (around $3000?) I will just send more FIAT and keep with my accumulation plan. In the meantime I just keep slowly increasing my stash by not withdrawing anything and trading.

Agreed on the time invested as some combination of entertainment and education "profit". I learned a lot about "money" in here which made me change some previous assumptions I had. It's been an interesting journey.... let's see what comes in the following years.

[mindrust]

50 years old without any savings, god daym, this story is sad as fuck.

You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.

No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.

[luckygenough56]

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

Are you implying that bitcoin is manipulated ?

[Elwar]

Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ

Are you implying that bitcoin is manipulated ?

The Simpsons is trying to play Bitcoin the same way Dragon Ballz is.

[Arching_wild]

The market is going down again, today BTC is about $7300 but don't worry, just HODL 

[bones261]

50 years old without any savings, god daym, this story is sad as fuck.

You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.

No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.

I did all of that but in the end, didn't stick with it and cashed out. I even cashed out an IRA long ago, and paid the stiff penalty. But I thought that I had life to live and habits to feed. Then with my current employer, who I have been with for 15 years, has offered a 401K that I never opted in because they did not guarantee a match, only would match if they made a profit. I figured, "why just lock up my money and end up just cashing out again and paying Uncle Sam that damn penalty?" Turns out my employer ended up matching every single year, so in retrospect; it was a bad decision drawn out over many years. A couple of years ago, my employer started to guarantee the match and made the plan opt out rather than opt in. So, I've been contributing since then. So far, when I check my balance, the amount accumulated looks rather paltry. It's only about 2 1/2 months of my current gross income. However, it has only been two years, so maybe time will be my friend if I just stick with it and keep my foolish and greedy little paws off of it.

[savetherainforest]

Darkness rises...

Jesus fucking Christ Bob!


just stop...fuck

my pills, where are my pills

I think Bob gets an erection every time he stares at his face... ... MaybeNoHomo...    ... ROFL!.. yeah right... who am I kidding??... Bob is gay AF after bogdanovfs...

[JayJuanGee]

MSM FUD on Price Manipulation Scams = Mega Dip.

https://www.techdr.com.np/2018/05/feds-open-probe-into-bitcoin-price.html

Buy the DIP & #HODL

A year or 2 from now this will all seem funny.

I've already set a bot to BTFD and scalp when it rises a bit and I'm running out of fiat. REKT.  

I am not sure if a BOT will solve issues of preparing for longer periods of dip beyond expectations, so your strategy is not correct, if you have not projected down, way past your expectations, probably into the $3k territory, at least, even if price only goes down to $7k.  In other words, you should not even be close to running out of fiat in these price territories, which really means that your buy orders are set up too wrong, and you are buying too much and not preserving enough..

[Speculatoross]

Coinbase just bought a decentralized exchange......

Coinbase.......
decentralized exchange.......


I think i need a recap on what "decentralized" means......

[Jet Cash]

You've got an interesting community going here, and there is some great info in some of the posts.

I looked in because I have to make a decision about Bitcoin again. Any Bitcoin i get stays in one of my wallets, and I won't consider 'spending' it for at least 3 years, so that isn't a problem. My problem is in deciding on the best time to withdraw some dollars as bitcoin. I have an account that picks up a few dollars from my Internet activities, and I can ask for this to be paid in Bitcoin. There is no charge for this, and there doesn't seem to be a spread involved in the price calculation, so it seems to be a pretty good way to collect coins. I have to decide when to withdraw though, and it can take up to 5 days to receive the payment in my wallet. I suspect this is because the payments are batched to reduce transaction fees, and they may wait for received payments to avoid having to purchase coins to make payments.

I want to withdraw at some time within the next month or two, so I have to try to predict the price movements during that period to optimise the acquisition price. The other difficulty is in trying to get a feel for short term volatility, as I have no control over the time that the coins are 'purchased' or valued. I like the system as it is, but I have a severe lack of knowledge to allow me to optimise my returns. It's particulrly difficult at the moment, because the arrest and imprisonment of Tommy Robinson in the UK is going to have some wide reaching political implications. My inclination is to watch events for a week, and claim my coins early next week. I base this on my uninformed opinion that Bitcoin has a little bit of a short term price drop arriving in the coming week.

Am I taking a sensible view of things?

[hodl_2015]

[...] It's particulrly difficult at the moment, because the arrest and imprisonment of Tommy Robinson in the UK is going to have some wide reaching political implications.

If there is anything I have learned about bitcoin is that often the price doesn't move an inch when there is major global bitcoin news (not just UK) and that there can be very large price movements without even a trace of bitcoin news to be found anywhere.
My conclusion is that most bitcoin trading is done based on the bitcoin chart and nothing else.
Since bitcoin is spread over the globe pretty evenly, the bitcoin price seems to average out price movements of major fiat currencies, With maybe a bit more influence to the US dollar since Europe still trades a lot using the USD/BTC charts.
We dropped about 12% over the last 7 days, which I consider relatively stable. (more than 2% per day, averaged over several weeks is still quite normal for bitcoin).
To me, the next days and weeks are just a guess, but I'm all in and trust that bitcoin will be useful for many years to come.