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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21334977 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. (104 posts by 20 users deleted.)
rafanadal
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December 20, 2018, 08:47:42 PM

Jesus fucking Christ, we're back to 3.8k again
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goldkingcoiner
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December 20, 2018, 08:49:42 PM

3855 is my close.... Sad Don't do this to me, bitcocain.
BTCMILLIONAIRE
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December 20, 2018, 08:50:09 PM

I like sub-satoshi payments with LN Smiley





Quote
The winning price was the first of several 1 millisatoshi bids (one hundred billionth of one bitcoin). At the time of writing, the US-dollar denominated value of the bid is approximately $0.000000037.

https://bitcoinmagazine.com/articles/sold-lightning-network-art-auction-goes-lowest-bidder/
Millisatoshis? So Bitcorn can easily go to over $1m now without running into the problem that 1 Sat = 1 Cent. Weeeeeeeee?
bitserve
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December 20, 2018, 08:50:42 PM

Jesus fucking Christ, we're back to 3.8k again

What did you expect? A pump straight back to $6K?

We need to retrace sometimes. It's perfectly normal even if this rally has much more in it.

This is fine.
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December 20, 2018, 08:53:04 PM

Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!

(just don't look, it is always a trap!)

Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have

lessened in the last 1/2 year alone!

Reminds me of back in 2015 when I got my first BTCs @ $230. I just forgot about them for 2-3 months, and then checked the price and it was $450.

I've never had a proper sleep since then.

Most of the viral stories for people who made a killing with investing in Bitcoin were with the same scenario. They bought early, forgot about it, and when they found it was going places, voala. Hodling, trading and watching the charts is distressful.
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December 20, 2018, 08:56:32 PM

Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!

(just don't look, it is always a trap!)

Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have

lessened in the last 1/2 year alone!





Well, at least you don't REALLY need to look at the price anymore... You have been able to retire early. You have already cashed out enough to carry you until you receive your state retirement, social benefits, plus private pension plan. You still have a stash bigger than most guys here.

You made it FFS!

Just stop always seeing the glass half empty and enjoy your well deserved retirement, bro!

Retirement is severely overrated.
Most people are bored to smithereens and/or become idle.
In fact, being active in your 60ies probably extends life (for man).
I have seen older man declining really fast once they stopped working.
Somehow, this is not true for females, who often stay successfully retired for much longer.

Retirement for me would be reaching a point when I have assured my basic needs and expenses until the end of my life without the NEED of a "salary". That's my target. I may become even more active, that's not the point.

Well, I guess the right term would be "financial independence"? I donno.

Yeah, I get it.
It is just without work life is less structured.
Some people are obviously better than others in creating new things to do (away from work): new interests, hobbies, investment, etc., but others cannot do it as well or not at all.
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December 20, 2018, 08:56:40 PM

Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!

(just don't look, it is always a trap!)

Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have

lessened in the last 1/2 year alone!





Well, at least you don't REALLY need to look at the price anymore... You have been able to retire early. You have already cashed out enough to carry you until you receive your state retirement, social benefits, plus a private pension plan. You still have a stash bigger than most guys here.

You made it FFS!

Just stop always seeing the glass half empty and enjoy your well-deserved retirement, bro!


But, But, first I have to cope with my lack (or soon thereof) of ASIC equipment. The horror! The dismay. 5 plus years gonna have to go 'cold turkey' by Spring 2019.

(Believe it or not, still mining 4-year-old KNC Titans on Fujicoin (FJC) scrypt-N and heating

the house...I lose $25 a month at these prices directly but gain more in the heating of the house this winter, then the $25 loss. all with 12 Titan cubes.

The other 30 cubes are off at the data hall. Shut the hell off. KNC Titans got some major evil

going on, I mean Mordor level evil ...they never seem to die out!)

Anyway,

1) My current ASIC addition is coming to an end! (Ack! The horror! No more LED's and Whirly fan noises in the basement! Ack!)

2) Now I have also had to NOT look at prices this last year for BTC..that used to be a great hobby during the pump, that is taken away from me now as well.

3) Also, I'm having issues with watching the regular economy also, I expect a pretty good recession in the wings.

Yeah, I just have to go full John Steinbeck https://en.wikipedia.org/wiki/John_Steinbeck and retreat from the world completely.

(Hey, you are right, I can do that now, even with my diminished hoard, be like good old John, find an 'intern' (note quotes..snicker) ....

go live in woods...brilliant!

edit: by the by will need this satellite gizmo in the woods...to watch price (er..wait....damn it...the whole point was NOT to look at price!)

https://bitcointalk.org/index.php?topic=2091860.0 Blockstream Satelite Setup

Aw ...frack ..will just keep watching BTC price I guess Sad

BTC is a 'cruel mistress' Sad





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December 20, 2018, 09:11:53 PM


Retirement is severely overrated.
Most people are bored to smithereens and/or become idle.
In fact, being active in your 60ies probably extends life (for man).
I have seen older man declining really fast once they stopped working.
Somehow, this is not true for females, who often stay successfully retired for much longer.

depends what you do

I have had a very physically active work life.  It is time to throttle it back if I want to have joints to enjoy my dotage.
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December 20, 2018, 09:12:54 PM
Merited by Phil_S (1)

Interesting statistic:

if you invested in Nasdaq stocks (as a group) at the peak of Internet in 2000, your average yearly returns since then would be 1.33% (much less than inflation).
Nasdaq return since 2000 peak is 28%, official inflation since then 46.4%
That's 19 years of almost nothing (and less than nothing in real terms).
Granted, you started with a bubble, but still, it's 19 years later....


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December 20, 2018, 09:15:34 PM

Strange, did GDAX run out of BTC?  Sell side only showing 150BTC to over 7k USD.   Maybe it's the coinbase inside traders that have been dumping and now caught low on ammo.

Clearly, regardless of price, as time goes on more and more BTC goes out of circulation.

Eventually there will be no BTC left. Only bid side in (unlimited supply) USD. Divide by zero error means price will be infinity.

You will be able to buy the whole universe with just one BTC.

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December 20, 2018, 09:22:18 PM

The only true way I know that we've returned to a bull market is when my friends and coworkers come out of the woodwork to tell me about how they're going to start mining bitcoin with their old GPUs. I still don't actually know anyone else IRL who has ever bought bitcoin as an investment. But they'll spend hours and hours researching how to mine it, despite me telling them that they're wasting their time.

What are you doing then, besides shooting down the ideas of others?



By the way, I am not too much interested in the idea of mining bitcoin, but I can understand why some folks may want to get into mining as a medium to also learn more about the technicals behind BTC.  But, in terms of pure investing, or speculating, it is probably better to develop DCA buy strategies and to use fiat earned in regular life for that and to create a target accumulation, such as 1% to 10% of your investments or some other personally tailored investment goal.
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December 20, 2018, 09:25:50 PM

I am going to guess we continue the pumperino to 4400 after a dumperino to 3980

Would that trigger your stop loss?
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December 20, 2018, 09:27:51 PM

According to CoinMarketCap:

Last 24h Volume (overall): $25,339,041,596

Last 24h Tether Volume: $6,603,357,495

Correct me if I'm wrong, but didn't Tether use to have a lot more dominance in overall volume till a few months back?

Currently, only about 25% of the total USD 24-hour volume belongs to Tether.
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December 20, 2018, 09:30:19 PM



LET IT BE Cheesy Cheesy Cheesy

That is nearly ridiculous logic that you are citing there, mic.  Get your team to help you to see the light.

Recall that in September 2017 bitcoin was in the midst - and even tail end of a bull market, and currently bitcoin seems to be in a bear market, so the price dynamics, and therefore momentum, are much different.
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December 20, 2018, 09:30:24 PM
Last edit: December 20, 2018, 10:50:08 PM by Biodom

Strange, did GDAX run out of BTC?  Sell side only showing 150BTC to over 7k USD.   Maybe it's the coinbase inside traders that have been dumping and now caught low on ammo.

Clearly, regardless of price, as time goes on more and more BTC goes out of circulation.

Eventually there will be no BTC left. Only bid side in (unlimited supply) USD. Divide by zero error means price will be infinity.

You will be able to buy the whole universe with just one BTC.


Well, there would be 10^500 -21000000 Universes still ready for the picking with progressively miniscule alts, I suppose.
Prices would decrease, I gather, so just wait until then (best prices)  Cheesy
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December 20, 2018, 09:35:18 PM
Merited by JayJuanGee (1)

Only good news, fine, we keep forward >>>

Bitcoin Payment Processor OpenNode Gets $1.25M From Investors

https://www.nasdaq.com/article/bitcoin-payment-processor-opennode-gets-125m-from-investors-cm1071687

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December 20, 2018, 09:35:58 PM
Merited by Biodom (1)

Last bear market was there talk along the lines of 'the bottom won't be in till all the altcoins are utterly rekt'?

I understand that you seem to be asking a rhetorical question, but I will answer anyhow, and that answer is:  No. 

So, it raises a decent point about whether such altcoin reckoning is a necessary condition precedent before BTC prices can rise or not?    Seems to me that the answer to my revised question is no, also, even though BTC price dynamics would likely be on stronger grounds for greater upwards movement with such shit coin shakening.... but also seems to wishful to hope for such to occur because the world does not tend to play out with such purism and clarity.   Shocked
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December 20, 2018, 09:45:55 PM
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Last bear market was there talk along the lines of 'the bottom won't be in till all the altcoins are utterly rekt'?

I understand that you seem to be asking a rhetorical question, but I will answer anyhow, and that answer is:  No. 

So, it raises a decent point about whether such altcoin reckoning is a necessary condition precedent before BTC prices can rise or not?    Seems to me that the answer to my revised question is no, also, even though BTC price dynamics would likely be on stronger grounds for greater upwards movement with such shit coin shakening.... but also seems to wishful to hope for such to occur because the world does not tend to play out with such purism and clarity.   Shocked

This time around there would not be complete altcoin reckoning as long as there are funds with low cost basis in those as long as those funds have some positive fiat cash flows.
Some of those funds are highly concentrated in a particular alt (or a small group of them), hence they would defend their initial position(s).
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BTFD, on to 15K a coin !!!!


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December 20, 2018, 09:46:32 PM

WoW Shocked , you is saying ..... i am a donkey ? Roll Eyes


Yes. Not sure who is Shrek, maybe JJG: "Get the fuck outta my swamp with your altcoins".

so who is the gingerbread man??
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December 20, 2018, 09:50:35 PM

At the actual 2013 peak there were only 40-50 alts in total. XRP and LTC are the only ones still relevant. LTC managed a 98/99% fall. Can't be bothered to think about XRP.

Yeah, alts weren't a thing back in. Whether they went up or down meant nothing.




I swear you are the human incarnation of Donkey.

WoW Shocked , you is saying ..... i am a donkey ? Roll Eyes

Not a donkey -  "like a donkey."   Cheesy Cheesy Cheesy
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