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

[Last of the V8s]

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

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[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.

[yefi]

Anyone used GDAX in London (GBP/BTC)?

You'll have to tell us how it goes if you do use them. I've also been thinking of hooking up now they supposedly have faster payments sorted out.

[gentlemand]

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... 

Not many comments out there that I've come across but the few that do exist were all the same - 'fuck me. It's like magic.'

[yefi]

Not many comments out there that I've come across but the few that do exist were all the same - 'fuck me. It's like magic.'

The gathering?

[Biodom]

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.

I was actually looking for that post, thanks. They will stop hikes shortly if not already.
However, EU did not even make any hikes, they are still finishing QE.
Because of this, EU has NO room to cut.
I am not sure how much stimulation going deep negative will do.
If i have to choose btc at 4K OR btc at 100K+world war, my choice would clearly be the former.

[gentlemand]

Not many comments out there that I've come across but the few that do exist were all the same - 'fuck me. It's like magic.'

The gathering?

Let us hope not.

Us British people have been neglected for aeons. Until Coinbase added decent banking earlier in the year it took days to get to any proper exchange, if you could at all.

[JayJuanGee]

[edited out]

Was not my finest moment - Wordy-man pissed me off real good, and I lost my cool.

Seems unhealthy to allow any internet persona get under your skin (whether yours truly or otherwise), for more than about 21 seconds...

Kind of like the drop food on the floor 5-seconds rule.. you can eat such dropped food, as long as such dropped food stays on the floor for less than 5 seconds.  

[Biodom]

I still think it's best I formally bow-out of any planning for a $100k party, however. That will most certainly blow my OpSec, and not worth the risk.

I get the point, but you ought to reconsider (in time).
With this kind of stuff coming...it might be sublime:

https://phys.org/news/2018-12-graphene-potential-smart-textiles.html

[yefi]

If i have to choose btc at 4K OR btc at 100K+world war, my choice would clearly be the former.

Look on the bright side, if it gets to 100K we'll be able to afford some top-of-the-range nuclear bunkers.

[Icygreen]

One for r0ach - You can buy precious metals with BTC at https://www.jmbullion.com
What are you waiting for?

But r0ach lost his original account. LOL  Anyhow, I think he's far too stubborn to actually send BLB a PM with the request.

Edit: Just noticed the comment wasn't about the beer claim, but still..

[infofront]

WO veterans cracking. Jojo and Bob questioning their existence in the thread. Bullish.

TBH, I've been feeling the anguish too. It's all part of the cycle.

[realr0ach]

WO veterans cracking. Jojo and Bob questioning their existence in the thread.

[Elwar]

Price is so low it makes me want to move to a floating house in middle of the ocean.

[HairyMaclairy]

Excuse me where do you think you are going dressed like that?

[criptix]

So looking at the last bubble we could go under 1k 

[gwaur]

So looking at the last bubble we could go under 1k 

we could briefly dip under 1000, yeah. but at 1k everybody and their uncle will be buying btc on credit again, and i find it hard to believe that 'they' would allow the plebes to gather big amounts of cheap btc ever again.

[bitserve]

You guys are scaring the shit out of me with those $1K calls. If that happens, I will seriously consider breaking my own rules and take money from my (completely separated) other investments to buy much more. I hope not be put into that situation. I hate breaking my rules. They are for a reason.