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

[Biodom]

Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points.
However, this shows where institutional investors (aka hedgies) are on this.

https://twitter.com/DoveyWan/status/1068573163670261760

In short: institutionals are shell-shocked and bewildered.
My take home message from this particular tweetstorm: small size institutional money will not participate from now on.

TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers.
I disagree, obviously.

[mikeywith]

2900$ is the last support that could very likely not hold, and should it not then we can easily go to 3 digits again.

[dogebearman]

Mark Yusko, CEO of Morgan Creek Capital Management, LLC bullish on BTC:
"If you buy in today, I don’t think you would have to wait a long time to make a nice return…Over a decade, I think you can make 20-times plus your money."

https://twitter.com/CNBCFastMoney/status/1067544893533368320/video/1

[PoolMinor]

I'm starting to wonder if JJG is gonna PM me a BTC address for a beer, after all that... 

I am more curious if that buggy guy is going to ask for a beverage. Afraid to mention it by name. #Betelgeuse.

[BotanicKilt]

[HI-TEC99]

Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points.
However, this shows where institutional investors (aka hedgies) are on this.

https://twitter.com/DoveyWan/status/1068573163670261760

In short: institutionals are shell-shocked and bewildered.
My take home message: small size institutional money will not participate from now on.

TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers.
I disagree, obviously.

There's a lot of negative predictions and news stories about Bitcoin around. IMO it's bullish and indicates we are close to the bottom.

[Majormax]

2900$ is the last support that could very likely not hold, and should it not then we can easily go to 3 digits again.

I dont see support at 2900.  But certainly above 1000.  At 3 digits, BTC is failing as a project. Possible but unlikely.

I would estimate that $1500 needs to hold, and I expect it to do so, some time in late 2019.

[Biodom]

Man, that's ancient history already.

[cAPSLOCK]

Well, should probably go without saying, I rescind my offer of throwing a $100k party, if/when the milestone is achieved. If I've fucked up an intended good-faith beer offering in this thread so badly due to bad planning/foresight on my part or whatever, I have no business pondering more grandiose "events". Not to mention the considerable scorn I have accrued, bearing down upon me, is beginning to weigh heavily on me.

All my calls have turned out to be contrarian, looking back through the lens of retrospection.

I offer nothing of value to this thread.

I should just delete this account and get on with life in meatspace...

I am looking for the unmerited button!  Do not go.  You are one of the sensible ones!

[Majormax]

Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points.
However, this shows where institutional investors (aka hedgies) are on this.

https://twitter.com/DoveyWan/status/1068573163670261760

In short: institutionals are shell-shocked and bewildered.
My take home message: small size institutional money will not participate from now on.

TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers.
I disagree, obviously.

There's a lot of negative predictions and news stories about Bitcoin around. IMO it's bullish and indicates we are close to the bottom.

There are also a lot of positive sentiments as well, so the bottom could be temporary.

This bear market needs a lot more time to play out (rather than price pronouncements)

[Last of the V8s]

Fine. No, that's great. At least we know now. Not a crypto-winter but a crypto ice age.
Couldn't be better really. Yay.

[DireWolfM14]

Whisky...

recommend?

Ah, a topic close to my heart!  Costco has Lagavulin 16 on sale, or at least they did last week...  Bottle's still half full!  Hard to be pesimistic with a well aged, Islay single malt so close at hand.

If'n you've never tried an Islay single malt you may want to start with a Laphroaig 10yo with a splash of distilled water.

Laphroaig is a hit or miss. I love me some good peat, but it's definitely not for everyone. It took me a while to get into too, and I just sucked it up and kept trying a dram every few days for weeks before I could really taste and smell anything other than ashtray.

That's what got me really hooked on whisky though. I was curious to see if there was really something to all the flamboyant and over the top tasting notes that you see everywhere and bought 10 bottles of different scotches to figure out if the deal is real. It is. Who would've guessed that you have to actually buckle down to "learn" tasting.

Similar story here, I was 90% through the first bottle of scotch I ever bought, Laphroag 10, before I truly started to see what it was trying to tell me through gustatory bliss.  

I don't drink much either, and I'll plead the 5th on the rest (old habits die hard.)  But when I do drink, I like me some old, stinky, Islay whiskey.  Or bourbon, the old stand-by is Maker's Mark.  That shit is pretty good.

[Majormax]

Well, should probably go without saying, I rescind my offer of throwing a $100k party, if/when the milestone is achieved. If I've fucked up an intended good-faith beer offering in this thread so badly due to bad planning/foresight on my part or whatever, I have no business pondering more grandiose "events". Not to mention the considerable scorn I have accrued, bearing down upon me, is beginning to weigh heavily on me.

All my calls have turned out to be contrarian, looking back through the lens of retrospection.

I offer nothing of value to this thread.

I should just delete this account and get on with life in meatspace...

You are not serious ?

Come on, hang in here. It's tough, but your contribution is valued by many posters..

FWIW, over 5 years, I have seen a lot of posters reach this stage. Many recovered their mojo.

[Bitcoinaire]

2900$ is the last support that could very likely not hold, and should it not then we can easily go to 3 digits again.

I dont see support at 2900.  But certainly above 1000.  At 3 digits, BTC is failing as a project. Possible but unlikely.

I would estimate that $1500 needs to hold, and I expect it to do so, some time in late 2019.

I think we'll be back over $1200 by the 2024 halving. #hopeful

[UnknownHolder]

2900$ is the last support that could very likely not hold, and should it not then we can easily go to 3 digits again.

https://i.imgur.com/jjCAICa.jpg

$2,9xx will be the bottom

[Elwar]

Both of my family members who could actually afford to invest have asked me if now is a good time to buy bitcoins. I guess they've sat on the sidelines for long enough that they can finally see a buying opportunity.

I usually don't give advice, just tell them what I'm doing. I'm taking my last euros and buying at $3300.

I told them they may need to wait until May or June before things start to move upward.

[Last of the V8s]

<asciilifeform> meanwhile, in entomology dept,
https://en.wikipedia.org/wiki/Vladimir_Bukovsky
snippet on dekulakisation https://archive.is/odTRU

[figmentofmyass]

Mark Yusko, CEO of Morgan Creek Capital Management, LLC bullish on BTC:
"If you buy in today, I don’t think you would have to wait a long time to make a nice return…Over a decade, I think you can make 20-times plus your money."

https://twitter.com/CNBCFastMoney/status/1067544893533368320/video/1

in conventional terms that sounds great. but in the crypto market---10 years, really?

in any other market with bitcoin's technicals, that would be a reasonable assumption. the difference with bitcoin is most of the supply is already mined and distributed. in 10 years, we'll be another three halvings in, so the block subsidy will have much less effect on available supply. people on the spot/OTC markets will be fighting over a lot fewer coins. i think even the most bullish perma-bulls might be surprised at how high this goes, and how fast it does it.

[kurious]

Anyone used GDAX in London (GBP/BTC)?

Stamp is so difficult to get deposits into fast - I am wondering if it's a decent option as I can get money in damn quick and while I have used Stamp happily for USD/BTC since 2012, it is just torture getting USD deposits in from outside the US.

I know it's just Coinbase 'pro' but - I want to get rid of some fiat while the sale season is upon us.  It looks liquid enough there, at least.

EDIT: it's so late, I will need to get some sleep, but hope an OG here can offer an opinon... 

[cAPSLOCK]

In my opinion, there are very major fuck-ups on the horizon.

The Interest rate hikes will blow up everything. The whole system will collapse. Banks won't be able to provide cash. People will lose all their savings in banks.

If they don't raise the rates, It will be hyperinflation then. The whole system will collapse anyway. This time asset prices will do full moon. GOLD= $10k. A loaf of potato = $50. People will die of starvation.

They can't pick their poison.

Banks will go poof!. People will panic. People will seek a mobile asset which they can spend easily which is also a store of value. That's not gold because it is not mobile.

We all know what it is.

BTC will be $100k, maybe even $250k but it will also bring a world war along with it. Then partying in Amsterdam won't look like a bright idea.  

I hate to have merited this.  But its prescient imho.