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

[LFC_Bitcoin]

https://deadcoins.com/

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just 1600 more to go

all altcoins are worthless scams - deal with it and exit

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 

So many shitposting assholes on this forum

who are you talking to ?

ask him(them), I don't give a fuck with that coin

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

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[xhomerx10]

Do you think Mcafee will pay this reward in crypto?

 What's the difficulty in figuring that out?  It's clearly Josh Brolin fro~



...I mean, ah... I have no clue! I've never seen that person before in my life; could be anyone!

[flashbit]

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

OK sorry @LFC_Bitcoin, I read too fast.. (I think I need my wife to come back from Italia:)

[JayJuanGee]

I've decided not to watch myself go poor anymore. Good luck everyone

Doesn't make any sense to sell now even if its headed to sub $4k. I'd rather hodl (and buy more) than sell from these prices. Not selling shit before I see another ATH. (or $9k at least;))

I agree with your overall sentiment; however, I personally think that it is erroneous to get caught up on strict scenarios of "not selling any BTC until x price." 

You can actually profit more and support the BTC ecosystem by engaging in a practice that causes you to sell more than you would have... so for example, you had planned to buy $1,000 worth of BTC every time the BTC price drops $1k, but instead you revise your plan to buy some larger amount, such as $1.5k for every $1k drop in BTC price.  Thus you have authorized yourself to engage in additional speculation that causes you to stock up $500 extra in BTC for every $1k drop, and therefore you have any of those extra BTC that you could thereby feel free to sell at any price higher than your purchase price (including fees, of course), and you may chose to sell at 10% intervals or some other reasonable range that suits you.. and those are over-leveraged BTC, so you therefore, you have no problem in selling them and generating yourself a bit of extra income. 

Of course, with any kind of over leveraging you have to be careful to remain within your means.. and don't go too far and expect that you could get trapped for an extended period of time and not be able to sell the extra BTC because of additional and unexpected downward BTC price movement.

[LFC_Bitcoin]

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

OK sorry @LFC_Bitcoin, I read too fast.. (I think I need my wife to come back from Italia:)

Mine’s in bed next to me, snoring!

 

[JayJuanGee]

There was a 94% decline in 2011. So we may still fall to around $1000.

yup

started mining btc in 2011 when it was like $5 USD. watched it go to around $35 USD. then drop for a long time to around $2.50 USD. then back up. then back down. then back up. then...

rode it out then, ill ride it out now. moon or bust i figure. anything in between is for cowards.

Understood. The decline in 2014-15 was only 80%.

I know many hodlers from 2011 sold huge amounts at $200 in 2013.  $1000 seemed like moon to them then, and would be a healthy correction now.

I don't think it will get that low myself, but can certainly see $2k-2.5k being very possible. The number of traders, hopers and buyers on the way down will limit the pace of the decline, so plenty of time to get out now, and plenty of time to get back in. I wouldn't wait for $2k, because that might be very brief, but buying back at $3k gives some opportunity for profit on a 1-2 year view.

Personally, I'm not brave enough to short it, because nothing is certain.

I agree with what you are writing here, except for your seeming attempt to get peeps to sell now (persuade? or protect?  of course, you would assert that you are attempting to "protect" poor little naive BTC HODLers) and asserting that there is "plenty of time to get back in."

[JayJuanGee]

Doesn't make any sense to sell now even if its headed to sub $4k.

I don't totally agree with this, obviously.
But good luck.

Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower."

Price was dropping down to $5,800 when I grumbled that.

Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it."

I shit you not.

30 minutes later, big-ass spike back above $6k.

You can all thank Rick for me not doing something stupid, like taking a dump, I guess.

You sound like a weak hand when you are seriously contemplating those kinds of moves.

Accordingly, it seems that we are not going to be ready to resume up until you (and similar peeps) dump a few more corn. Surely, I would prefer sooner rather than later, but I understand these dynamics can take a while to play out and seems that maybe the sufficient pain to cause sufficient weeding of weak hands comes at $5k - or a bit below that? 

[smartcomet]

Interesting thought from twitter
https://twitter.com/ChristopherA/status/1010994379434016775

I would like a Lightning Network service, where I can establish a channel to fund pinning of IPFS objects—satoshi are paid regularly when the service proves that it is pinning the object. Bonus to increase trustlessness & privacy. Would be great for BTCR DIDs. Who needs Filecoin?

[ThePunisher49X]

Do you think Mcafee will pay this reward in crypto?

 What's the difficulty in figuring that out?  It's clearly Josh Brolin fro~



...I mean, ah... I have no clue! I've never seen that person before in my life; could be anyone!

Somebody already reversed google image searched him and it turned out to be Jared Leto.


https://twitter.com/TRHLofficial/status/1011021702170542080

[jojo69]

meh

I was poor when this whole thing started.


I'm pretty good at it.  I can do it as long as it takes.

[TERA2]

This could be shaping up to something like the May 2014 interim bull trap and visit 10K or so again.

[jojo69]

well aren't you just a ray of fucking sunshine

[yefi]

My plan is, from what I gather, similar to Bob's. I'd like to sell just under 50% of my crypto, put the proceeds in stocks, withdraw the standard 4% or so per annum, and let the remaining corn ride.
I will only do so when I can maintain or increase my current income. Bitcoin will be used for cars, airfare, and hookers.

I'm reluctant to invest in stocks. This is one of the longest stretches without a crash, and given that we live in a world with record-breaking debt, that's not a great place to be.

[infofront]

My plan is, from what I gather, similar to Bob's. I'd like to sell just under 50% of my crypto, put the proceeds in stocks, withdraw the standard 4% or so per annum, and let the remaining corn ride.
I will only do so when I can maintain or increase my current income. Bitcoin will be used for cars, airfare, and hookers.

I'm reluctant to invest in stocks. This is one of the longest stretches without a crash, and given that we live in a world with record-breaking debt, that's not a great place to be.

Very true, but I wouldn't feel comfortable retiring anytime soon with all of of my money in bitcoin either. It's still too volatile, unless you have at least 1,000+, in which case the volatility doesn't matter as much. And most other investments suck.

[Searing]

My plan is, from what I gather, similar to Bob's. I'd like to sell just under 50% of my crypto, put the proceeds in stocks, withdraw the standard 4% or so per annum, and let the remaining corn ride.
I will only do so when I can maintain or increase my current income. Bitcoin will be used for cars, airfare, and hookers.

I'm reluctant to invest in stocks. This is one of the longest stretches without a crash, and given that we live in a world with record-breaking debt, that's not a great place to be.

yeah... I can see me panic selling BTC like a 12-year-old child...taking 25% hit say (15% cap gains and 10% state)...then putting it into the stock market and recession

a normal recession is 20% loss...thus now down 45%....but with Trump in office and the long time since last recession....call it 40% correction. Say recession takes

the usual 7 years to come back.....and in that time...I'm watching Crypto and/or Gold going at LEAST sideways if not ups...

so I hodl..worse case..I blow all my crypto at 1K or less BTC and still stay retired till 65 years (and start living off traditional investments 1 year early and have medicare already)

so ...people can beat me up on my $5,131.80 KNC Jupiter BTC miner from 2013...where all this came from, and me not selling at the right time...I can at least state

that and retired 3 years early...certainly nothing I ever expected getting that unit in 2013...and I will call it a win in my mind....if nothing else.

but damn, a 40% deep recession (likely IMHO) and 25% tax hit and be 65% down in fiat...if such happened with stocks/edward jones...THEN watch

crypto go sideways or up ...say like gold...naw....best to just ride it in the ground.....better story anyway, when they stick me in the nursing home someday...the currency

of nursing homes is 'stories' ....chump or champ..this was a doozy

(sorry to expose everyone to my convoluted logic)

[bluebits]

This could be shaping up to something like the May 2014 interim bull trap and visit 10K or so again.

Where can a G3 with more power than G2 come from? The volume is so low, is it off of the accumulated drop from 10k at the top of G2?

2014 replay looks like a fall to fake bottom™ #1 @~4800, bounce it 6k, try again, bounce again. Then when it hits 6k this final time and has absolutely nowhere to go it's off to 3k for a real volume bounce.

[jojo69]

...the currency of nursing homes is 'stories' ....chump or champ..this was a doozy

we are in the presence of greatness

[marcus_of_augustus]

... much of social interaction is stories, story-telling and pecking orders based on narrative delivery.

Even in the elite technical journals and hardest of the objective studies, math, physics, etc the narrative is the final arbiter, after the necessary hurdles of the field are successfully demonstrated as having been mastered, equations, experiments, etc the studies with the best story behind them are the rulers of the roost.

Some of the best crypto stories are just simply unbelievable or so far over the line that they are a hazard to one's financial or legal status so best kept to oneself, for now. I recall one of those visionary posts from the 2011 era, I think by Vlad, that he said he felt like he was caught up in a Neal Stephenson story like Cryptonomicon, it's been a whirlwind ride and shows no signs of ending anytime soon. Some seriously crazy stuff has been going down that we will hear about eventually.

[marcus_of_augustus]

the window leading up to CME futures option expiry 6/29 should present some good buying opportunities.

Bears have been sitting short for a long time on those will be wanting to take their cash profits ... maybe they'll but bitcoin with them eh TERA2?

[jojo69]

... much of social interaction is stories, story-telling and pecking orders based on narrative delivery.

Even in the elite technical journals and hardest of the objective studies, math, physics, etc the narrative is the final arbiter, after the necessary hurdles of the field are successfully demonstrated as having been mastered, equations, experiments, etc the studies with the best story behind them are the rulers of the roost.

Some of the best crypto stories are just simply unbelievable or so far over the line that they are a hazard to one's financial or legal status so best kept to oneself, for now. I recall one of those visionary posts from the 2011 era, I think by Vlad, that he said he felt like he was caught up in a Neal Stephenson story like Cryptonomicon, it's been a whirlwind ride and shows no signs of ending anytime soon. Some seriously crazy stuff has been going down that we will hear about eventually.

Neil very much showed us the way, particularly in the baroque cycle, I owe him a great debt.