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

[mindrust]

Mid thirties is still a good age for a person to live his life, bang chicks.  

Ah yeah, now we're talking!

Although this time around it does feel as though there is this air of certainty that the price WILL increase and it WILL repeat the historic trend, ie. 100k here we come. In my experience, the more 'certain' a gamble is going to pay off, the less likely it does. It almost feels like buying at this price point its too good to be true, and that makes me nervous.

Maybe that's what they want us to think!

[bitmover]

Mid thirties is still a good age for a person to live his life, bang chicks. 

That's my age, and what I am here for!

[El duderino_]

The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.

Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.

Unfortunately the people you're trading against know this and do not have regular human minds.  

Absolutely!
I could sell everything now & I’d still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & I’d end up buying back half the amount I currently own which would be fucking retarded.

There are many that bought back with those losses having half the stack for same fiat investment and 0 profit, how hard i would hate myself if to be that DUMB NOOB

[Torque]

Do you guys like capitulations that were being masked/sold as something else?

'Cause that what you got.

But you are right, I am being emotional. Even though what I am saying makss Sense, because BTC can still fall to 1900 (your 90% down). We are not there yet.

After Bitcoin bottomed in 2015 to something like $190, you should have heard all the people coming out of the woodwork saying "can still fall to $100" and "we are not there yet". Never happened.

[gentlemand]

That's my age, and what I am here for!

[El duderino_]

[gentlemand]

That's a very short bear you have there.

[tokeweed]

That's a very short bear you have there.

^  Uuhhh...  Uuuhhmm...  That sounded like...  Never mind.

[El duderino_]

That's a very short bear you have there.

wouldn't that be nice

gotta keep those bears on a short leash, don't we

[gembitz]

That's a very short bear you have there.

wouldn't that be nice

gotta keep those bears on a short leash, don't we

 

#fire in the hole

[El duderino_]

https://bgr.com/2018/12/11/galaxy-s10-features-cold-wallet-for-bitcoin-and-crypto-in-the-works/

Galaxy S10 might ship with a secure cold crypto wallet for storing Bitcoin

[BTCMILLIONAIRE]

https://bgr.com/2018/12/11/galaxy-s10-features-cold-wallet-for-bitcoin-and-crypto-in-the-works/

Galaxy S10 might ship with a secure cold crypto wallet for storing Bitcoin

How secure can it be when I throw my phone around all the time? Still haven't managed to break any of my Samsung phones (surprisingly), but if I had crypto on it I'd either get really stressed out or have to change my behaviour.

[bitebits]

https://bgr.com/2018/12/11/galaxy-s10-features-cold-wallet-for-bitcoin-and-crypto-in-the-works/

Galaxy S10 might ship with a secure cold crypto wallet for storing Bitcoin

How secure can it be when I throw my phone around all the time? Still haven't managed to break any of my Samsung phones (surprisingly), but if I had crypto on it I'd either get really stressed out or have to change my behaviour.

Write down the seed on a piece of paper and you can recover on any new device. The signing part of a bitcoin transaction is just done in a chip isolated from the OS, no difference from having a Trezor or second (offline) laptop.

[El duderino_]

https://bgr.com/2018/12/11/galaxy-s10-features-cold-wallet-for-bitcoin-and-crypto-in-the-works/

Galaxy S10 might ship with a secure cold crypto wallet for storing Bitcoin

How secure can it be when I throw my phone around all the time? Still haven't managed to break any of my Samsung phones (surprisingly), but if I had crypto on it I'd either get really stressed out or have to change my behaviour.

i'm never gonna store it on a phone... also i'm an iphone user
but its good for samsung to work with crypto etc

[El duderino_]

HODL ETP Performance

Few will remember the Swiss Crypto ETP that was launched 3 weeks ago as this is the equivalent of 3 decades in cryptocurrency time. The launch of this ETP brought with it much hope and anticipation. This was the Swiss version of the much awaited Vaneck-SolidX BTC ETF that the community believes will bring the cryptomarket out of its current slump. An ETP is an exchange traded product, very similar to and ETF.

The Swiss cryptocurrency ETP was launched on November 22 by Amun Group on the SIX Exchange under the appropriately named ticker HODL. Traders in Switzerland have taken the ticker quite literally as there has been a few days of significant buying activity and seldom amounts of selling activity, indicating that there is actually HODLING going on. Or at the very least accumulation.
The gravity and pull of the HODL ETP is quite small compared with what is expected from the Vaneck-SolidX ETF but it is not completely insignificant. It gives us an early insight as to how the market might possibly react to a new method available to them to trade cryptocurrency.

While the performance of the HODL ETP has and obviously will mirror the price of the cryptocurrencies that it is comprised of, it has had a surprising level of volume in what could only be described as a  grizzly bear market. However, this sort of product will not be the silver bullet to end this bull market and neither will the Vaneck-SolidX ETF. If this bear market has taught us anything it is that there is a demand for fundamental value, actual use cases and realistic market prices. We are not there yet and an ETF won’t lead us to that point. While it will inherently increase the demand for $BTC as it will be necessary for physically settled contracts, there is the assumption that there are hoards of institutions who want $BTC but are not able to get it. This is simply not the case. While this sort of infrastructural development could have been a significant enough event to drive triple digit positive price action in the market of one year ago, it is not enough of a reason to drive that sort of price action in the market we are currently in today.

The ETF will get approved, eventually, but we are constrained by the SEC’s timeline. It would not be unreasonable to expect a decision two years from now and quite frankly that would be a better outcome for cryptocurrency as a whole. Timing is everything. It would be a foolish and pointless exercise to launch this ETF during a bear market when there is seemingly no interest in cryptocurrency. The launch of this ETF needs to be driven be some initial momentum otherwise it will fizzle out and be forgotten.

someone just sended me this any thoughts?

[LFC_Bitcoin]

Do you guys like capitulations that were being masked/sold as something else?

'Cause that what you got.

But you are right, I am being emotional. Even though what I am saying makss Sense, because BTC can still fall to 1900 (your 90% down). We are not there yet.

After Bitcoin bottomed in 2015 to something like $190, you should have heard all the people coming out of the woodwork saying "can still fall to $100" and "we are not there yet". Never happened.

I remember lots of people predicting double digits in those times & it obviously didn’t happen.

I’d say it’s similar to predicting low $1,000’s now.

[ivomm]

I just made some gif for fun  

[Biodom]

That's a very short bear you have there.

well, 2015 was a flat for almost 8mo (after Jan plunge).
I don't mind us transitioning to such a flat right here.
Re 500K, I just don't know.

[Paashaas]

Boerse Stuttgart Group will launch a crypto trading platform in 2019.

https://www.coindesk.com/major-german-stock-exchange-to-launch-crypto-trading-platform

[BTCMILLIONAIRE]

He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.”

Allianz Investors Chief.

Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life.