Bitcoin Forum
May 25, 2019, 10:37:04 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: What year will we achieve a new ATH?
2019 - 41 (28.1%)
2020 - 57 (39%)
2021 - 34 (23.3%)
2022 - 8 (5.5%)
2023 - 1 (0.7%)
Never - 5 (3.4%)
Total Voters: 146

Pages: « 1 ... 21145 21146 21147 21148 21149 21150 21151 21152 21153 21154 21155 21156 21157 21158 21159 21160 21161 21162 21163 21164 21165 21166 21167 21168 21169 21170 21171 21172 21173 21174 21175 21176 21177 21178 21179 21180 21181 21182 21183 21184 21185 21186 21187 21188 21189 21190 21191 21192 21193 21194 [21195] 21196 21197 21198 21199 21200 21201 21202 21203 21204 21205 21206 21207 21208 21209 21210 21211 21212 21213 21214 21215 21216 21217 21218 21219 21220 21221 21222 21223 21224 21225 21226 21227 21228 21229 21230 21231 21232 21233 21234 21235 21236 21237 21238 21239 21240 21241 21242 21243 21244 21245 ... 23958 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21179135 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
September 12, 2018, 02:18:17 AM

Hate to say it, but what the peeps think, will we see sub 4xxx coins?

Your post comes off as filled with hopium, rather than based on any kind of attempt to understand the context for what your are asking. 

Perhaps, based on our current context and dynamics, there is a bit more than a 40% chance that we will see $4xxx coins, which I gather to be any price below $5k.



Many of you oldtimers thought a month ago that we are out of the 6xxx area


What the fuck you talking about?  Your claim to what "oldtimers" think or said seems a selective out of context wishful memory.. aka strawman, right? 

Yes, if the BTC price goes up then people become hopeful and excited, but I think that vast majority of potential BTC "old timers" are concluding that BTC prices are out of the woods and that the bottom is in, and if they are saying that, then they are asserting such with reservation because I believe that a vast majority of "old timers" understand that when BTC prices are reasonably within striking distance of the recent "local" low, then there is a realization that BTC prices could go back to that point, challenge the support at that point, perhaps breakthrough (or NOT) the support at that previous low.  Anyone who may have arguably reached "old timer" status is going to have been through the ringer a few times, and perhaps even continued shell shocked from previous BTC bear markets, so few of such oldtimer folks are going to be counting their UP eggs before they are hatched... and several of us have mentioned breaking or getting close to $10k as a possible sign of greater bullish confidence.. not some of these lower numbers.

So, in essence, you are making shit up, when you are claiming that there is any kind of consistency in that "old timers" had been claiming that the bottom is in.


, though we seem to get weaker every day, running sideways together with Bart Simpson.


Yes.. you hope.

Have you seen the context? 

Do you think that there is any possible dragging effect in regards to alt coins, including ETH and some of the other bullshit crypto projects that might be dragging on bitcoin prices?  Perhaps bitcoin continues to perform o.k. in such a context, and is not as dire as you are HOPIUM it to be?


I read only about 10 pages of the last 100, I am sorry if this has been discussed already.

The dumbness of your question is likely NOT a result of a lack of reading in this thread, but instead presuming too much in your question about 1) what old timers may have said, 2) the current direction (or status) of BTC prices and 3) lack of recognition of the current BTC price context, including the ongoing alt coin price (and sentiment) pressures.



I can't see any positivity on the horizon,

Perhaps, you were raised badly?




though that doesn't mean it's a bad time to buy, doing just that.

At least, in spite of the dumbness of the other aspects of your post, as I already responded above, you may be doing one thing right, and that is buying BTC as the price goes down.  Good job with that seemingly redeeming part.
1558780624
Hero Member
*
Offline Offline

Posts: 1558780624

View Profile Personal Message (Offline)

Ignore
1558780624
Reply with quote  #2

1558780624
Report to moderator
PLAY OVER 3000 GAMES
LIGHTNING FAST WITHDRAWALS
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558780624
Hero Member
*
Offline Offline

Posts: 1558780624

View Profile Personal Message (Offline)

Ignore
1558780624
Reply with quote  #2

1558780624
Report to moderator
1558780624
Hero Member
*
Offline Offline

Posts: 1558780624

View Profile Personal Message (Offline)

Ignore
1558780624
Reply with quote  #2

1558780624
Report to moderator
JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
September 12, 2018, 02:21:22 AM



i do like jimmy song and put the bet on that idiot  Grin

Link or it did not happen.   Tongue Tongue
lightfoot
Legendary
*
Offline Offline

Activity: 1862
Merit: 1071


I fix broken miners. And make holes in teeth :-)


View Profile
September 12, 2018, 02:33:01 AM



I did a google image search, and I found this article.
Yeah, I think I posted this about being in CNN a few pages back. Or an eternity, same thing.

Quote
I am thinking How fucking stupid can you be?  but then, I suppose that there are quite a few folks who bought at the top, and then made a bad situation worse by gambling.  He would not be doing so bad, right now, if he had kept his focus on Bitcoin rather than getting distracted by shitcoins...   Hard to recover, when your principle is only worth about 4% of what you started with?

Either the guy is a liar (possible), a complete idiot (somewhat possible since he isn't drooling in the pic), or... well is a liar. I find it hard to sit down, buy in mid-november, and manage to lose 96% of my initial investment. It's possible he is down 96% from his "paper profits" but that is NOT THE SAME as being down on your original investment. So it went from 100k to 600k and down to 24k? That's a 75% loss, not a 96% one.

More importantly, this article is on CNN, is on the front page (was earlier) and seems to be a bit of CNN trying to drive news about bitcoin. Which is weird, this is NOT bitcoin, and even the guys on Bloomberg on the radio were like "Dude, Bitcoin went down 20%. Who gives a fuck, this is called "Tuesday". But for whatever reason CNN is pushing a wet string.

Maybe we should complain to them and get a more balanced view. Hell, you could say I'm down 66% from my "high" (18k to 6k) but since I bought in at way less than 6k am I really down 66% or up so fucking far I fart rainbows of joy?

Quote
Today, I kind of consider my average price per BTC to be in the $650 to $750 range, and the reason that average cost per BTC is not clear is because there is some uncertainty about how much value I should give to BTC, fiat and other token holdings on WEX, especially since they seem to have their own shenanigans going on.. and I am not quite ready to write those coins off.. .. even though their ongoing price shenanigans and their withdrawal freezes are seeming more and more difficult to recover from such negative public image.   i am still hesitant to write off those coins.

I have several tranches of coin values based on when I billed for mining repair work. Some are at $80 (way back in the BFL Single hey I can put more chips on this fucker! days), some are at $600, some 2k, some 14k (got a lot less coin at those prices). If I sell since I did LIFO accounting I have to track and pay CG on the profit or (in this case this year) loss. Same with litecoins, some at $4 (which I sold for bitcoins at 1k I think. Ug-ish) some at 50, some at 100, and some at 250 (I'm taking a haircut on those). But there's no fucking way I lost a lot in this thing.

Quote
Anyhow, you can have a lot of fuck ups in BTC, and still retain a certain decent amount of value, and I question myself regarding how much sympathy I want to give to folks who are gambling on alt coins, especially shit, scam and attack vector coins like Bcash and Ethereum.
Indeed. As I said, I think BTrash and Ethereum are coins in bad faith: BTC because it was made as a fuck you to bitcoin and Ethereum when they made that first tweak to bail some yabo's ass out. They deserve to go, but CNN and mainstream media should be going on about the perils of shitcoin, not Bitcoins.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
September 12, 2018, 02:43:51 AM

ETH is still leading the loss-pack. The pain is increasing.


#BUY BITCOIN
Honestly I think Ethereum will be fine in the longterm, only Bitcoin and Ethereum came out of the US as Non-Securities which I doubt others will be able to do. That's a big fucking deal.

That is a misleading way to give fundamental value to Ethereum and attempt to mentally equate it with bitcoin.... you are likely to get fucked if you really believe that ethereum is even close to bitcoin merely because some government officials want to create an impression of a kind of false equivalency.... Yes, appears that you took the bait.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
September 12, 2018, 03:23:50 AM

I also got a Nano S at the fork. Just recently got a Coinkite Coldcard, it seems much more sophisticated. It can operate it's whole lifetime offline. It has a micro SD slot, you can power up the Coldcard with just an AC USB charger, and sign transactions  (although recent versions of Electrum support it natively). It has a $5 wrench secondary wallet, as well as a 'burnme' PIN.

You mean this one?    https://bitcoinexchangeguide.com/coinkite-coldcard/

Looks like it is around $50.  Was there a 12 or 24 word backup, similar to the trezor, or what happens when you brick or lose or destroy your card?
Paashaas
Legendary
*
Offline Offline

Activity: 1899
Merit: 1341



View Profile
September 12, 2018, 03:55:59 AM

The main selling point of ETH: gone.

The only ''unstoppable'' Dapp is that $100k+ cryptokitty  Undecided
 
Torque
Legendary
*
Offline Offline

Activity: 1792
Merit: 1486



View Profile
September 12, 2018, 04:07:57 AM

The main selling point of ETH: gone.

The only ''unstoppable'' Dapp is that $100k+ cryptokitty  Undecided
 

You know it's pretty telling when Vitalik and some of his followers spend a whole Twitter thread pondering if ETH even *has* a valid real world use case. Definitely no SoV use case like Bitcoin.

https://twitter.com/VitalikButerin/status/1039534193263296512
Stevenirving
Sr. Member
****
Offline Offline

Activity: 291
Merit: 254


View Profile
September 12, 2018, 04:18:06 AM

Damn young people with their social media and constant instant gratification (says the young person). Y'all need to learn patience!! The coin may drop it may rise. Eventually it will once again break the ath. There is no point flipping out  over the possibility of breaking through the support barrier when that concern is short sighted. Bitcoin is not dead. It's growth and rate of world wide acceptance make it an inevitability. I am fed up with hearing all the whining about the future of Bitcoin. Even if we managed to crash down to some insanely low number for now who cares?
nanobtc
Full Member
***
Offline Offline

Activity: 378
Merit: 163



View Profile WWW
September 12, 2018, 04:19:20 AM
Last edit: September 14, 2018, 03:22:54 AM by nanobtc
Merited by JayJuanGee (1)

JJG, yes, that's it. I think the $50 was a kickstarter deal, they may be more now. The first few production batches were sold out. Yes, BIP39 comparability, seed words, easy (hopefully) to restore to another device in case of disaster. The damn thing comes sealed in a bag that changes color if it's opened, the bag's serial number is in the firmware (tamper-proof, proof).

Much more than I can relay is here:  https://coldcardwallet.com/docs/

I was pretty happy with Ledger Nano S, glad to see ledger-live instead of Chrome extensions. I use it only on several Linux variants, but even on latest updates, the USB comm is messing with something. It's killing X, but the OS is still alive underneath. Chrome extension seems to work fine, but I am leery of trusting Mega-corp.

Little nit-picky stuff on the Nano S?  The whole thing physically is a little 'wiggly'. The buttons don't seem physically robust. I would not expect it to take rough treatment. Nano S also has native Electrum support, but I haven't tried it yet (even though Electrum is my favorite software wallet. Paper has been preferred so far, but it was  hassle to sweep the whole thing to extract shitcoins.

The Coldcard has no moving parts, the buttons are all capacitive (sp?) touch (with adjustable debounce and sensitivity), and a much better/bigger display. I think you can pretty much reset anything/everything on it, unless you use the BURNME PIN, that destroys the device.

I'm happy to see that Coldcard has source code available, and encourages home-grown extensions. That of course opens idiots to someday installing bad custom firmware (BUT THEY SAID IT WOULD CURE CANCER!). Conversely, Nano S pretty much just said "it's all a secret. Trust us".

Disclaimer: I am a hardware wallet newbie. Nano S/Coldcard are my only toes in this water.  There are plenty of others. We are obviously at the tip of the iceberg, on what hardware wallets will someday become. I'm just trying to learn. I don't really need hardware wallets.
yefi
Legendary
*
Offline Offline

Activity: 2058
Merit: 1149



View Profile
September 12, 2018, 04:55:46 AM

The only ''unstoppable'' Dapp is that $100k+ cryptokitty  Undecided
 

You forgot what Eth was built for: the ponzi game Fomo3D.
elrippos friend
Full Member
***
Offline Offline

Activity: 602
Merit: 134


only hodl what you understand and love!


View Profile
September 12, 2018, 04:57:46 AM

I am watching a tutorial to make a rope knot ...  Cry

Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins!


i think not really much BTC hodlers actually SOLD BTC for BCH ..... maybe hodl the free shit
i'm happy unloaded ALL of that shit for BTC Grin

BCH was a coin that was created in what I like to call "bad faith". I stripped my wallets of it and turned it into btc.

Now that I think about it, ETH was also a bad faith coin, I have a bit of ETC because I believed in an immutable chain, not what ETH became....

This man invested in bad faith coins. And paid the price. Pity him. Learn from him.




I did a google image search, and I found this article.

https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

I am thinking How fucking stupid can you be?  but then, I suppose that there are quite a few folks who bought at the top, and then made a bad situation worse by gambling.  He would not be doing so bad, right now, if he had kept his focus on Bitcoin rather than getting distracted by shitcoins...   Hard to recover, when your principle is only worth about 4% of what you started with?

I am not sure how much to pity such a crazy-ass gambling case, as described in the article.

For example, with myself, I bought into bitcoin towards the height of the late 2013 BTC price peak with my first 1.24BTC for $1,500, which is about $1,200 per coin to start with.  But during the initial price fall through 2014, I kept with bitcoin and kept buying BTC incrementally, so the average price of my BTC holdings was about $520, and the price of bitcoin was about $200-ish with some price spikes below $200, so the value of my holdings stooped to below 35% of what I had invested, yet by the end of 2015, BTC price seemed to bottom in the $250 arena, and I made several mistakes, but continued to buy with what I could which brought my average cost per BTC to around $500, which is about 50% losses.

I guess I am thinking that 50% losses, is still way more principle to work with than 96% losses.  When bitcoin recovered I made some more mistakes, including getting phone ported hacked, which caused my average cost per BTC to go up to about $750 per BTC, but I guess I did not have the fucking burden and confusion of multiple alt coins cluttering up my thinking...

Today, I kind of consider my average price per BTC to be in the $650 to $750 range, and the reason that average cost per BTC is not clear is because there is some uncertainty about how much value I should give to BTC, fiat and other token holdings on WEX, especially since they seem to have their own shenanigans going on.. and I am not quite ready to write those coins off.. .. even though their ongoing price shenanigans and their withdrawal freezes are seeming more and more difficult to recover from such negative public image.   i am still hesitant to write off those coins.

Anyhow, you can have a lot of fuck ups in BTC, and still retain a certain decent amount of value, and I question myself regarding how much sympathy I want to give to folks who are gambling on alt coins, especially shit, scam and attack vector coins like Bcash and Ethereum.
Nice and honest story, i beleive he is not the only one who had this story  Shocked Grin
luckygenough56
Legendary
*
Offline Offline

Activity: 1442
Merit: 1009



View Profile
September 12, 2018, 06:43:20 AM

every coin on sale today, except btc
micgoossens
Hero Member
*****
Online Online

Activity: 700
Merit: 2012


Be safe, Elwar and Nadia !!


View Profile
September 12, 2018, 07:00:02 AM

every coin on sale today, except btc
Luckygenough
Yaplatu
Full Member
***
Offline Offline

Activity: 518
Merit: 174


Never Surrender ฿


View Profile
September 12, 2018, 07:13:27 AM

every coin on sale today, except btc

Sale or exchange for BTC  Undecided
ivomm
Sr. Member
****
Offline Offline

Activity: 680
Merit: 289


All good things to those who wait


View Profile
September 12, 2018, 07:14:25 AM

BTC Dominance: 58.0%
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1368


Degenerate bull hatter & Bitcoin monotheist


View Profile
September 12, 2018, 07:37:05 AM

every coin on sale today, except btc

Shitcoins are worth shit
JayJuanGee
Legendary
*
Offline Offline

Activity: 1904
Merit: 1761


How much alt coin diversification is needed? 0%?


View Profile
September 12, 2018, 08:00:39 AM

I am watching a tutorial to make a rope knot ...  Cry

Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins!


i think not really much BTC hodlers actually SOLD BTC for BCH ..... maybe hodl the free shit
i'm happy unloaded ALL of that shit for BTC Grin

BCH was a coin that was created in what I like to call "bad faith". I stripped my wallets of it and turned it into btc.

Now that I think about it, ETH was also a bad faith coin, I have a bit of ETC because I believed in an immutable chain, not what ETH became....

This man invested in bad faith coins. And paid the price. Pity him. Learn from him.




I did a google image search, and I found this article.

https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

I am thinking How fucking stupid can you be?  but then, I suppose that there are quite a few folks who bought at the top, and then made a bad situation worse by gambling.  He would not be doing so bad, right now, if he had kept his focus on Bitcoin rather than getting distracted by shitcoins...   Hard to recover, when your principle is only worth about 4% of what you started with?

I am not sure how much to pity such a crazy-ass gambling case, as described in the article.

For example, with myself, I bought into bitcoin towards the height of the late 2013 BTC price peak with my first 1.24BTC for $1,500, which is about $1,200 per coin to start with.  But during the initial price fall through 2014, I kept with bitcoin and kept buying BTC incrementally, so the average price of my BTC holdings was about $520, and the price of bitcoin was about $200-ish with some price spikes below $200, so the value of my holdings stooped to below 35% of what I had invested, yet by the end of 2015, BTC price seemed to bottom in the $250 arena, and I made several mistakes, but continued to buy with what I could which brought my average cost per BTC to around $500, which is about 50% losses.

I guess I am thinking that 50% losses, is still way more principle to work with than 96% losses.  When bitcoin recovered I made some more mistakes, including getting phone ported hacked, which caused my average cost per BTC to go up to about $750 per BTC, but I guess I did not have the fucking burden and confusion of multiple alt coins cluttering up my thinking...

Today, I kind of consider my average price per BTC to be in the $650 to $750 range, and the reason that average cost per BTC is not clear is because there is some uncertainty about how much value I should give to BTC, fiat and other token holdings on WEX, especially since they seem to have their own shenanigans going on.. and I am not quite ready to write those coins off.. .. even though their ongoing price shenanigans and their withdrawal freezes are seeming more and more difficult to recover from such negative public image.   i am still hesitant to write off those coins.

Anyhow, you can have a lot of fuck ups in BTC, and still retain a certain decent amount of value, and I question myself regarding how much sympathy I want to give to folks who are gambling on alt coins, especially shit, scam and attack vector coins like Bcash and Ethereum.
Nice and honest story, i beleive he is not the only one who had this story  Shocked Grin

I gave whatever little bit of sympathy that might have been warranted, so in essence, boils down to still a DUMB, dumb.. as I already emphasized.  

Deserving this:

kirreev070
Sr. Member
****
Offline Offline

Activity: 406
Merit: 271



View Profile
September 12, 2018, 08:08:11 AM



That is dumb.

Why the fuck is bitcoin being portrayed as equivalent to three other cyptos...   Too misleading, of a pic, in my opinion.

Then it will be more correct
Totscha
Hero Member
*****
Offline Offline

Activity: 1088
Merit: 585



View Profile
September 12, 2018, 08:12:07 AM

The only thing that matters is that we are going up! Right, boys?
wayna
Jr. Member
*
Offline Offline

Activity: 88
Merit: 2


View Profile
September 12, 2018, 08:13:16 AM

Ethereum is literally collapsing. The market cap has lost about half of its value.

Shitcoins will reveal themselves for what they are.

Until now, BTC still has a strong wall support, it doesn't go under 6k$.

From December the downtrend is getting milder, I would expect a bull run for the end of year Wink

Considering also the uncertainty of the current financial system, it's possible the price will go up more than expected.

We are facing a stormy period.
Pages: « 1 ... 21145 21146 21147 21148 21149 21150 21151 21152 21153 21154 21155 21156 21157 21158 21159 21160 21161 21162 21163 21164 21165 21166 21167 21168 21169 21170 21171 21172 21173 21174 21175 21176 21177 21178 21179 21180 21181 21182 21183 21184 21185 21186 21187 21188 21189 21190 21191 21192 21193 21194 [21195] 21196 21197 21198 21199 21200 21201 21202 21203 21204 21205 21206 21207 21208 21209 21210 21211 21212 21213 21214 21215 21216 21217 21218 21219 21220 21221 21222 21223 21224 21225 21226 21227 21228 21229 21230 21231 21232 21233 21234 21235 21236 21237 21238 21239 21240 21241 21242 21243 21244 21245 ... 23958 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!