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

[JimboToronto]

How old are you, if you don't mind me asking?

Jimbo was floating through space before Earth's creation. Some say he even existed before time, in a universe that was a mirror of our own.

Hey! I'm only in my 70s.*






*70 to be exact.

Haven't had a "real job" since I was 28. Work is the curse of the drinking class.

[RejectedBanana]

Me likes the way this guy thinks...



Here’s to not burning in hell...

[El duderino_]

https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y
"Existencial crisis in eu"  
La or koreatown .. yes there is  

Bitcoin is the answer.  
Grab the last few cheap BTC before the next moon rise.

+Merits

Definitely worth a second look!  

Lol .... very good mister chow moment as well  

[Dunkelheit667]

Not as entertaining as ChartBuddy, but for your monthly convenience:



Not sure why some thought the USD was superior to BTC this May.

[Torque]

This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain.

Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam.

Get the fuck out of here with your nonsense proclamation that regular Joes cannot afford bitcoin.  

They only believe that they cannot afford bitcoin, which seems to tie in with your overall point that they are being mindfucked by mainstream media.

Ultimately, you and I are likely pretty close to agreeing, and probably I am merely quibbling with the mixture of your nonsense points that are embedded into your other relatively decent points.      

Nah, I think you are just quibbling. I still stand by what I said. With the exception of Jimbo and maybe a few other guys here over the age of 60, most I have met have zero interest in Bitcoin. They think it's a scam created by the gubmint to get everyone into their "centralized digital currency" in order to control them. They don't trust it. They trust PMs more. Plus a lot of baby boomers are just flat broke and in debt. They are spending all their money on bills and trying to enjoy life.

If you go younger, in the 40-50 yr old range, you find a lot of guys that are just flat out hostile towards Bitcoin, like it threatens their very way of life or something. You should of heard the vitriol that my (former) Accountant was spewing about Bitcoin in 2013. Thank god I didn't listen to that idiot and dumped him. Most guys in that age range I've talked to simply scoff and laugh at the notion of buying any bitcoin.

I believe that you have to go down to the under-35 crowd before you start finding many people with an open mind toward Bitcoin...

[d_eddie]

(A) Delete more posts trying to steer the conversation away from Bitcoin
(B) Delete more offensive posts (nazi-related, etc.)
(C) Both of the above / general increase in moderation needed
(D) The moderation has been fine
(E) We need less moderation / pure anarchy
(F) We need a new thread moderator

I voted (D), because I know I couldn't do any better than Infofront. A thankless job, almost invisible if swiftly managed. I would also like a few more distracting posts deleted - in the direction of (B), not A or C. The problem is drawing a straight line and, more importantly, spending the energy - physical and emotional - to implement it. Calling him out is really a bit unforgiving.

Let's be honest: We all do take turns in engaging such unsavoury characters. I agree that the auto-propagation of /ignore's to direct quotes would be quite useful.

TL;DR Necessary evil. Deal with it. Use that button if you must.

[d_eddie]

Why do all experts, whales and dickheads insist that capitulation has not occurred and cry, beg, scream, insist for lower prices?

I saw capitulation on Feb 5th!

True capitulation about 8 bleedin' weeks from an all time high? Don't be daffy.

There goes my last merit. I hope no one else posted such sensible stuff later on.

[JayJuanGee]

Yesterday, I had a $100 private purchase with a relative.

I know that some ACH bank transfers are free; however, after I discovered that my bank was going to charge me $3 to ACH transfer our $100 amount, we agreed to follow through with your transaction with bitcoin.

Let me say that I had done bitcoin transactions with this particular relative in the past  (I had sent him $10 when BTC prices were $385, and about a year and a half later, I had sent him $30 when the price was $420), so I knew that the relative was somewhat familiar with bitcoin, but I also knew that the relative was very doubting about bitcoin.  Therefore, I was a bit surprised that he was willing to do our transaction in bitcoin.  Before he agreed to receive the $100 in bitcoin, I made a bit of a sniping comment about his seeming lack of bitcoin enthusiasm, and I said something about him not even being able to figure out what was a bitcoin address.... hahahahhahahaha..

Anyhow, he agreed, and I sent the transaction, and I even included a bit more (sent him $105 when BTC prices were about $8,372) in order to be assured that everything was covered and he would be able to cash out with at least $100 at any time that he wanted.  Within less than 30 minutes of the transaction, he made his own sniping comment back at me and said that the BTC transaction was showing as pending as $104.81 - suggesting that it already lost value.

So I sent him back a text saying that he could cash out his bitcoin at any time and even though there are not guarantees, there remains a decent chance that at various points within the next 3 years that his received bitcoin will be worth at least 50% more than it's current value, and that there are not too many other assets that I would be comfortable making a similar kind of an assertion.  As I type this post, BTC prices are about $7,500, and the value on my wallet is showing the value of the $105 at about $106.91.

Accordingly, I conclude that my yesterday's Btc prediction to my relative was fairly conservative.  

Furthermore, with almost anyone getting into bitcoin, I feel relatively comfortable recommending at any Btc price point that they put at least 1% of their quasi-liquid investment value into bitcoin. Of course, any newbie bitcoin investor could increase that investment amount up to 10% and even though such an increased allocation would be more risky, it would not compose a very large amount of their total quasi-liquid investment capital.

Maybe some of you guys in bitcoin have been investing into bitcoin for several years, and maybe you did not put 100% into bitcoin, but you put a decent percentage, something like 5% of your initial investment into bitcoin?  But probably now the value of your bitcoin assets is in the 40% to 70% or more arena even though you may have also pulled out some or all of your initial investment?  

Is 40% to 70% allocation an Over-allocation into BTC?

I believe that my current allocation into BTC is about 75%, yet that allocation had grown to over 90% when the btc price had gone up to $19,666, even though my initial starting investment amount was in the 10% to 15% arena.

Am I Over-allocated into BTC?

My particular imbalance of value towards Btc came from Btc price appreciation over the past 2.5 years rather than from my putting that value into Btc but still doesn't seem to motivate me to want to pull out a lot of the value from Btc even when having such a volatile asset composing such a large percentage of my total does cause ongoing erratic value swings. Go figure.

[Searing]

Why do all experts, whales and dickheads insist that capitulation has not occurred and cry, beg, scream, insist for lower prices?

I saw capitulation on Feb 5th!

True capitulation about 8 bleedin' weeks from an all-time high? Don't be daffy.

There goes my last merit. I hope no one else posted such sensible stuff later on.

yeah..how does that work.... I was legendary when I got some....so confused on what happens when you spend it all?

[gentlemand]

yeah..how does that work.... I was legendary when I got some....so confused on what happens when you spend it all?

You gotta earn more to spend more.

[bones261]

Why do all experts, whales and dickheads insist that capitulation has not occurred and cry, beg, scream, insist for lower prices?

I saw capitulation on Feb 5th!

True capitulation about 8 bleedin' weeks from an all-time high? Don't be daffy.

There goes my last merit. I hope no one else posted such sensible stuff later on.

yeah..how does that work.... I was legendary when I got some....so confused on what happens when you spend it all?

When you spend all of your sMerit, you will not be able reward any more mertis until you get more with one of the following two ways:
a) You are one of the 80 sources that get smerit replenished, so you can give out.
b)You earn 2 merits which gives you 1 sMerit to give out.

[JayJuanGee]

This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain.

Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam.

Get the fuck out of here with your nonsense proclamation that regular Joes cannot afford bitcoin.  

They only believe that they cannot afford bitcoin, which seems to tie in with your overall point that they are being mindfucked by mainstream media.

Ultimately, you and I are likely pretty close to agreeing, and probably I am merely quibbling with the mixture of your nonsense points that are embedded into your other relatively decent points.      

Nah, I think you are just quibbling.

Exactly... I am quibbling with your actual word choice, and I bolded such word choice in case you were to miss it. 

Grand fucking ma, buy a fraction of a bitcoin, you do not have to buy a whole bitcoin.  If you are that dumb, then you are not trying hard enough.

I still stand by what I said. With the exception of Jimbo and maybe a few other guys here over the age of 60, most I have met have zero interest in Bitcoin.

Sounds like a bit of an exaggeration.   I understand the concept that there are a lot of fucking stupid people out there that don't want to know about BTC, but that correlation is not that likely to be about age rather than just being brain washed by mainstream media...

In other words, stop with your nonsensical conspiratorial generalizing about age.

They think it's a scam created by the gubmint to get everyone into their "centralized digital currency" in order to control them.

Yes, of course, that is a statement about a lot of misinformed people and not merely about age.

They don't trust it. They trust PMs more.

ditto.  NOT an age-related statement, or at least it should not be.

Plus a lot of baby boomers are just flat broke and in debt. They are spending all their money on bills and trying to enjoy life.

You are fucking crazy to be stereotyping baby boomers like that.  There are a lot of people who are broke as fuck and living paycheck to paycheck, and it is not too likely to be merely a baby boomer phenomenon.

If you go younger, in the 40-50 yr old range, you find a lot of guys that are just flat out hostile towards Bitcoin, like it threatens their very way of life or something.

O.k.. now you are going to generalize other age groups?   

You should of heard the vitriol that my (former) Accountant was spewing about Bitcoin in 2013. Thank god I didn't listen to that idiot and dumped him. Most guys in that age range I've talked to simply scoff and laugh at the notion of buying any bitcoin.

Many accountants and investment advisors are going to be sticking to traditional investments.  So, yeah, it was better for you to drop someone who does not have the proper training or thinking, but it is not an "age" thing.

I believe that you have to go down to the under-35 crowd before you start finding many people with an open mind toward Bitcoin...

Yeah right   Go down to 14 and you get peeps who are smart about Ethereum and ERC20 related pump and dumps.

Surely, your age slotting is not very helpful, and my response is likely going to just cause you to double-down, again, because you seem to like to argue for the mere sake of it, rather than recognizing the bullshit of your previous ideas down this age path.

[Torque]

Blah blah blah
Blah blah blah

Surely, your age slotting is not very helpful, and my response is likely going to just cause you to double-down, again, because you seem to like to argue for the mere sake of it, rather than recognizing the bullshit of your previous ideas down this age path.

Once again JJG, fuck off. All you ever do is try to bait people into a supposedly friendly debate, and then you fucking condescend them even when they are making perfect sense or are in the right.

And talk about spewing bullshit. 99% of your walls of crap text are bullshit.

So fuck off, I'm done ever conversing here with you again. And pls don't quote me or try start something up again. You are a buffoon. Like a clown. A court jester. A fool. Nothing more. No one takes you seriously.

Back to /ignore with you

[JayJuanGee]

(A) Delete more posts trying to steer the conversation away from Bitcoin
(B) Delete more offensive posts (nazi-related, etc.)
(C) Both of the above / general increase in moderation needed
(D) The moderation has been fine
(E) We need less moderation / pure anarchy
(F) We need a new thread moderator

I voted (D), because I know I couldn't do any better than Infofront. A thankless job, almost invisible if swiftly managed. I would also like a few more distracting posts deleted - in the direction of (B), not A or C. The problem is drawing a straight line and, more importantly, spending the energy - physical and emotional - to implement it. Calling him out is really a bit unforgiving.

Let's be honest: We all do take turns in engaging such unsavoury characters. I agree that the auto-propagation of /ignore's to direct quotes would be quite useful.

TL;DR Necessary evil. Deal with it. Use that button if you must.

I found the new poll to be quite humorous, and to see that Infofront is interested in what the masses have to say on the topic.  He surely does a decent job with moderation, and I believe him when he says that he does spend some time deleting some posts.. but also disclosing that he does not have the power to ban.. but I would imagine that if he wanted to get someone banned, there may be some weight there for him to report some of the more abusive patterns, which many of us recognize coming from the bug...

[infofront]

...
A bull market will not deter realr0ach. Just like a roach, he is tenacious. During a bull run, we are bound to hear the exact same arguments again and again. We will also hear much about Bitfinex painting the tape with Tethers. R0ach used to be a trader. However, I believe that he was turned off by the bullshit he perceived as happening with Bitfinex. When Bitfinex has "hacked" in late 2016, I think that was the final straw for him. Perhaps if Bitfinex would just go belly up, that would make R0ach go away. However, there are a lot more players in this space pulling some dubious shit, so I doubt it.

E.g. BitMEX that has been running its own for-profit trading subsidiary on its own platform...

Regarding realr0ach, most of you are getting to worked up over his posts.
Just grab a cold beverage of your choice and print out your own realr0ach Bingo card and follow
the thread

I've known many trolls in my day and realr0ach is by far one of the more entertaining. I don't really even mind him. Look at that meme you just made, it's awesome and hilarious and it wouldn't exist without him. He's almost like our pet or something.

I agree. I find him amusing, and think it would be a little more boring here without him.

[JayJuanGee]

Blah blah blah
Blah blah blah

Surely, your age slotting is not very helpful, and my response is likely going to just cause you to double-down, again, because you seem to like to argue for the mere sake of it, rather than recognizing the bullshit of your previous ideas down this age path.

Once again JJG, fuck off. All you ever do is try to bait people into a supposedly friendly debate, and then you fucking condescend them even when they are making perfect sense or are in the right.

So fuck off, I'm done ever conversing here with you again. And pls don't quote me or try start something up again. You are a buffoon. Like a clown. A court jester. Nothing more. No one takes you seriously.

Back to /ignore with you

First of all, I am not attempting to bait anyone... You are just too fucking emotional.  

Second, I agree with a lot of your points, but sometimes you just go way the fuck out there into never never land with your pie in the sky observations, and then you double down on ridiculousness in order to attempt to make your points.  Surely, it is sad that you cannot attempt to focus yourselfie on the actual substantive points rather than feeling as if you are being personally attacked, even though sometimes comments about your sensitive personality are made, whether by me or by someone else.....

In sum, you surely do seem thin-skinned for these here interwebs.

[Torque]

First of all, I am not attempting to bait anyone...

Bullshit. The fact is that you only try to strike up conversation here on this thread, simply to pick a fight with someone and try to condescend them in order to somehow pump up your own ego and make yourself feel smart or important.

You've done it countless times to many people here.

How sad.

[Anon136]

-insert dream about becoming rich via shitcoins so he can play videogames all day-

Sorry roach. That ship already sailed. I bought bitcoin @ $30, NXT @ like $0.001, Monero @ $4 and IOTA @ $0.01.

I would be rich af if I didn't take profit like it was my religion but I can still play video games all day if I want.

[JayJuanGee]

First of all, I am not attempting to bait anyone...

Bullshit. The fact is that you only try to strike up conversation here on this thread, simply to pick a fight with someone and try to condescend them in order to somehow pump up your own ego and make yourself feel smart or important.

You've done it countless times to many people here.

How sad.

That's like your opinion, man, which is over-reading my actions or my motivations.

People give me shit, sometimes, too, and you don't see me go running off and crying about it.

Furthermore, if someone is attacking me personally and also making some points, I don't tend to edit their post to "blah, blah, blah" while ignoring its substance and just focusing on the poor me part.

You seem to be smart enough guy, Torque, but whether you agree with me or not, my observations are that you go into fantasy nonsensical land sometimes, and I have a right to express that opinion, even if I were to be wrong (which doesn't seem too likely... hahahahhahahaha    )  because of course, I am similar to you in regards to not too frequently admitting when I am wrong - because you gotta convince me, first, which is not too likely to happen.   

[JayJuanGee]

First of all, I am not attempting to bait anyone... You are just too fucking emotional...
<wordy words deleted>

Fuck those charts... They were probably compiled from bcasher notes.