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

[lightfoot]

I have always had a soft spot for the 928s but don’t know a lot about them. What does the S4 badge mean?

S4 is the later model 928 from 87 onward. 32 valve engine, bigger brakes, really nice performance, more creature comforts. The 4 refers to 4 valves per cylinder. It does have a lot of pick up from 4,000 to redline.

And rather inexpensive since it's not a 911 (which really is a rickety car) however parts, fit, and finish were all top line quality (expensive to maintain).

(Edited slightly)

[Phil_S]

Private jets, helicopters...


ARE YOU NOT INTO TRAINS?

[Rosewater Foundation]

Private jets, helicopters...


ARE YOU NOT INTO TRAINS?

+1

Train travel is seriously underrated.

[lightfoot]

Private jets, helicopters...


ARE YOU NOT INTO TRAINS?

+1

Train travel is seriously underrated.

Snowpiercer for the win!

[Rosewater Foundation]

Dentists seem to be overrepresented in the Bitcoin space. Someone should investigate this. Do they make too much money?

https://thewealthydentist.com/surveyresults/068-dentists-and-sports-cars/

Can You Spare a Sports Car?
It turns out that the stereotype of dentists driving sports cars isn’t just a silly fiction...remarkably, fully one in four dentists in this survey has owned a Porsche.

lel

[Searing]

How often do you guys think about bitcoin & what it will (hopefully) do for you in x amount of years time?

Me & my partner own an online female clothing business but seriously I can’t wait for bitcoin to reach $50,000 - $100,000 per bitcoin so I can stop doing mundane shit & managing dumb ass women in the office every day.

I think I check the price about 20 times a day. I’m in my early 30’s, fucking hurry up bitcoin, I have a new life in my head that I’m anxious to make a reality.

When fucking MOON?

Alas, a 'watched bitcoin' never boils ..it seems....(doomed if that is the case...I stalk the price every day)

[Torque]

I think I check the price about 20 times a day. I’m in my early 30’s, fucking hurry up bitcoin, I have a new life in my head that I’m anxious to make a reality.

Careful, that'll drive you completely insane. You should dial it way back. Go enjoy life and forget about Bitcoin for half a year.

When fucking MOON?

Moon will start about 6 months after you've given up hope that anything will happen within the next 2 years.

Yeah, do the quick math on that. 

[mymenace]

Now why can't bitcoin be more like Huckabee and layeth the smack down on the bears like she did to CNN's Jim Acosta (that little scummy turd) and just break out to $9k cause it's August already.

https://twitter.com/USANEWS007/status/1025083080833298433

You either believe it or not but the storm is upon us.

fundamentals are gonna have a field day
look at the crooks run

They dumping money as fast as they can.

more dip to come?

   weeeeee
Remember 11:11

Where do Crooks run to - Project Investors INC (Cryptsy Altcoins, Dodgy Rog Investments)  

[fabiorem]

When fucking MOON?

The price didnt move up, so I think only in 2019. The bears are still dominating the market.

Dont get me wrong, I'm a holder and I'm very anxious too.

A good way to get rid of this anxiety is to play some games.

[jonoiv]

When fucking MOON?

The price didnt move up, so I think only in 2019. The bears are still dominating the market.

Dont get me wrong, I'm a holder and I'm very anxious too.

A good way to get rid of this anxiety is to play some games.

Don't be suprised if there's some bullish action soon.  In the short term it's over sold.

[Last of the V8s]

ot:

Climate change denial – involves denial, dismissal, unwarranted doubt or contrarian views which depart from the scientific consensus on climate change, including the extent to which it is caused by humans,

https://en.m.wikipedia.org/wiki/List_of_topics_characterized_as_pseudoscience
lots of these are obvious wierd, but wtf is that^ authoritarian socialist claptrap

on topic: also includes this lol

Technical analysis ... The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable.[13] It is still considered by many academics to be pseudoscience.[14]

[Last of the V8s]

https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam

According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”

shut.them.down.lol

meanwhile in 'competition' news
https://www.bloomberg.com/news/articles/2018-08-06/goldman-is-said-to-consider-custody-offering-for-crypto-funds

[Last of the V8s]

[LFC_Bitcoin]

https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam

According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”

shut.them.down.lol

meanwhile in 'competition' news
https://www.bloomberg.com/news/articles/2018-08-06/goldman-is-said-to-consider-custody-offering-for-crypto-funds

‘Yeahhhh mkayyy, I’mma just close down the internet, mkayy’

[Hueristic]

Private jets, helicopters...


ARE YOU NOT INTO TRAINS?

+1

Train travel is seriously underrated.

I took a train from San Fransisco to salt Lake city once, Never again! Seriously bumpy for 15+ hours and the damn thing didn't have a BAR car!!!!

I only did it to see how it compared and I would take a bus over that ride anyday, and buses suck.

But I think American rail systems are lagging and that was in the 90's so maybe things have changed? I'm never going to try again to find out though.+

meanwhile in 'competition' news
https://www.bloomberg.com/news/articles/2018-08-06/goldman-is-said-to-consider-custody-offering-for-crypto-funds

Well shit thats basically what they are doing to me right now anyway.

BTW, I have no clue but voted $9,000-$9,500 which I hope isn't just wishful thinking.

[JayJuanGee]

I am not sure if I understand the pyramid.

The way that I see it is that there is actual accumulated wealth and there is annual income.

Of course, if you accumulate more wealth then the accumulated wealth can provide a higher income, otherwise you are dependent upon others for providing your annual income.

Also, the more that you are able to live on resources that are below your annual income, then the more that you will be able to accumulate wealth and to therefore aspire to accumulate enough wealth in order to be able to have your assets support your lifestyle (and likely retaining some additional cushion, too).

The pyramid does not seem to be complete, and it seems to be depicting accumulated wealth without juxtaposing that with annual income, right?  Or am I missing something?

That's just liquid wealth (typically consisting of liquid assets not including main house equity) pyramid without taking income into consideration.
Source for the latest:
https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/global-wealth-pyramid-decreased-base-201801.html

I appreciated looking at the full article, and the other regional chart in there.

[mymenace]

try and scan that qr code 

road warrior, so awesome.

[JayJuanGee]

Just like your guess on the list for highest price This year ..... around 7.5K or something
   

LOL

yer sorry, i got that one wrong.  but still made decent profit 20k peak.

You are hardly convincing.

How could you be in a position to be making "decent profits" at any point in time if you are continuously  spewing bear scenarios?

If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin.  Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.

As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.

It was meant to say "decent profit since 20k peak".

There is an element of truth to what you say.  I didn't hold any bitcoin from after i got wiped out to now, just alts.  made about 2000% by this time last year.  sold all well before the peak.   if i'd held bicoin and sold at the exact peak that would be about 1500% profit.   made almost 400% trading since Dec 2017.  So since, i guess approx mid 2014 (i can't remember the date), thats about 8000% in 4 years.  That's a conserative estimate.

But i did't have much to start with, so still very small fry, but im happy and very greatful.

I suppose that it takes all types, and even those betting against bitcoin can make profits, even though it would be a lot more difficult to do so, especially when the price had gone up nearly 80x between late 2015 and late 2017...

But, yeah there were a lot of bear periods in there too... and like you mentioned additional bear periods in 2014.

[HI-TEC99]

I took a train from San Fransisco to salt Lake city once, Never again! Seriously bumpy for 15+ hours and the damn thing didn't have a BAR car!!!!

I only did it to see how it compared and I would take a bus over that ride anyday, and buses suck.

But I think American rail systems are lagging and that was in the 90's so maybe things have changed? I'm never going to try again to find out though.+

Was it slightly overcrowded like this?

[Hueristic]

I took a train from San Fransisco to salt Lake city once, Never again! Seriously bumpy for 15+ hours and the damn thing didn't have a BAR car!!!!

I only did it to see how it compared and I would take a bus over that ride anyday, and buses suck.

But I think American rail systems are lagging and that was in the 90's so maybe things have changed? I'm never going to try again to find out though.+

Was it slightly overcrowded like this?

Amusingly enough there was just a hand full of people (less than 10 IIRC) and 1st class was empty so I just sat down in there so I had a chair that would recline. And almost got tossed out because I didn't have a 1st class ticket. But I talked the conductor into letting me stay as it was empty. I have no clue how they could afford to run that line, I bet it's subsidized (one of our gov's corporate welfare programs).