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

[JimboToronto]

A very late good morning Bitcoinland.

I see we had another little dip back to where we were 5 days ago... currently $6299USD/$8199CAD (Bitcoinaverage).

Bouncy bouncy. Not deep enough for me to buy. Paid this price last week.

Yawn.

[Deeyoh]

Leveraged shorts almost back to the ATH.   Only a moron would be selling right now to help fill them.   I feel a squeeze coming.   

[El duderino_]

Leveraged shorts almost back to the ATH.   Only a moron would be selling right now to help fill them.   I feel a squeeze coming.   

Man..... This is the place of NON Sellers and occasionally a few bears that try to shake up .... BUT Thats impossible in here  

[jbreher]

If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).

...because?...

[Wekkel]

Price action has all the hall marks of a reversed BART forming.

[Ibian]

Just to be clear, are we using reversed barts and the like unironically here?

[becoin]

Who sold at the bottom?

[El duderino_]

Who sold at the bottom?

At the last bottom....? I think not to Many in here, and i Will not if there’s a new bottom, let cheap coins come to me thx in advance..... new coins are always welcome 

[Searing]

Who sold at the bottom?

At the last bottom....? I think not to Many in here, and i Will not if there’s a new bottom, let cheap coins come to me thx in advance..... new coins are always welcome  

In HODL Horde mode ..since 2015...(not to say I'm still not clueless...more like 'frozen' on indecision I guess)

You know what they say, right now BTC is either the ATL (groan) for the year.....or the ATH (also groan!) for the year..take your pick.

chump or champ....time will tell on my 2015 HODL bet. (I"m scared......hold me....heh...I crack my self up...likely because I'm cracked up)

[Torque]

OT: https://www.cnbc.com/2018/09/17/amazon-planning-8-new-alexa-devices-microwave-amplifier.html

This is getting hilariously stupid. They literally want you to have devices crammed in every orifice of your life so they can monitor and spy on you.... everywhere.

Talk about a Trojan horse. 

[eddie13]

Who sold at the bottom?

I sold a little when it looked like it wasn't going to break $10k and then I cried all the way to $20k and back down..
I don't feel too bad about it now but I would like to buy it back..

[HairyMaclairy]

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge. 

[Ibian]

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge. 

Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.

[HI-TEC99]

Who sold at the bottom?

I sold a little when it looked like it wasn't going to break $10k and then I cried all the way to $20k and back down..
I don't feel too bad about it now but I would like to buy it back..

I doubt many of expected it to break 10k, then quickly pump up to 20k. I thought it would briefly touch 10k then crash back down again. At least you didn't buy back at a higher price than you sold at. Sell high, buy back low.

[HairyMaclairy]

Long range price forecast for balance of 2018.

[HairyMaclairy]

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge.  

Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.

I am not American so not subject to tax on my global income if I stop being a tax resident of my country of residence.  If I ever trigger a retirement event through crypto, I will just move offshore.  All perfectly legal. 

[Ibian]

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

Are you invested in monero?

I am conflicted about Monero.  I love the idea of a truly anonymous currency.  But from an investment point of view, I think their tail emissions policy is flawed.  I know it is only 0.6 XMR per block, but I feel that is enough to have a real impact on supply, meaning that Bitcoin is a far superior long term investment.  

So I watch Monero closely but don't hold any.  I had a fair stack that I sold for Bitcoin at the start of this year.  If I start to feel that Bitcoin is under threat, I might go back to holding some Monero as a hedge.  I held a stack of Monero through the Bcash debacle as a defensive hedge.  

Far more importantly, if you have a few millions set aside and you cash them out to buy, say, a house, the taxman will show up with Questions.

Being below board is simply not worth it in the current culture.

I am not American so not subject to tax on my global income if I stop being a tax resident of my country of residence.  If I ever trigger a retirement event through crypto, I will just move offshore.  All perfectly legal. 

It might be legal, in theory, now. But states always want more power and control, never less. Laws change.

[Stevenirving]

OT: https://www.cnbc.com/2018/09/17/amazon-planning-8-new-alexa-devices-microwave-amplifier.html

This is getting hilariously stupid. They literally want you to have devices crammed in every orifice of your life so they can monitor and spy on you.... everywhere.

Talk about a Trojan horse.  

We are your Corporate Overlords. Lower your shields and surrender your ships. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service us. Resistance is futile.

[JayJuanGee]

Wife knows all about what I got and is cool and calm about it all and trusts me to sell when it is the right time to.

We have plans to build a new house. We bought the land back in December last year, sold enough BTC to pay for the land deposit and architect fees then, pretty much a day before the peak. It has been a long drawn out process getting planning sorted, the plans are not quite finalised yet still.

What I have in BTC is enough to build half the planned house, and so we sit and wait for it to come back up before we start building.

We currently own our current house with only a small mortgage left on it as well, so we aren't wasting rent money waiting here. Just with a toddler and a baby now, the current house is getting a bit cramped.

New house is going to be in the order of 10,000 sqft all up on a 5 acre plot.

Your purported situation comes off as if it were contrived in that you are both suggesting that you sold a large chunk of your BTC at the top of the market and that you are waiting for the BTC price to go up in order to be able to carry out the rest of the project - perhaps even short-sighted if you are planning real estate projects based on bitcoin price movements without any other cushion.

Does your wife happen to be a 10, too?   or at least a 9.3?

[JayJuanGee]

Would you prefer Proudhon?

You make me feel like this, Hairybeary: