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

[TeeBone]

This is the future of your dystopian, non-fungible, centralized, permissioned ledger, digital token system.

Coinbase Bans Conservative Social Media Network Gab, Again

https://www.zerohedge.com/news/2019-01-04/coinbase-bans-conservative-social-media-network-gabagain

First Kikebase bans sites like this for allowing free speech, then the govt regulates the mining pools and giant mining facilities with black lists, and you're now living in hell.

But keep being scared of big bad Govt, not these kike corporations. Libertards will save us !

[luckygenough56]

litecoin : the pathfinder

[Cassius]

wtf, more and more people are arguing with roach. at least stop quoting him or risk getting ignored by the rest of us WO's.

^^^ Please.
This place can be vaguely entertaining and informative when the drivel is removed.

[El duderino_]

^^^^
your just a peace of entertainment thats all, an instrument of fun and making me laugh with stupidity of some humans.... your always saying the same shit
like there a bubble floating above your head, where your making countless circles
a classic guy of someone who's claiming the wall to be white while all the others are seeing it is black.......

come out of your personal bubble and explore.......

good evening, gonna get my self hammered WO's

and sorry quoting is over for the most (r0ach will never come with a true argument)

[realr0ach]

This is the future of your dystopian, non-fungible, centralized, permissioned ledger, digital token system.

Coinbase Bans Conservative Social Media Network Gab, Again

https://www.zerohedge.com/news/2019-01-04/coinbase-bans-conservative-social-media-network-gabagain

First Kikebase bans sites like this for allowing free speech, then the govt regulates the mining pools and giant mining facilities with black lists, and you're now living in hell.

But keep being scared of big bad Govt, not these kike corporations. Libertards will save us !

[jojo69]

holy LTC pump batman

[realr0ach]

(r0ach will never come with a true argument)

[LFC_Bitcoin]

Sold all my Litecoin years ago. Not interested in riding shit coins. Only bags I have left (apart from my precious bitcoin’s) are XRP.

[goldkingcoiner]

Hey Roach since you enjoy your low probability doomsday scenarios, what happens when we get to a point in the future when we can manufacture gold or silver in a massive and cheap way and the price drops to make it worth as much as say... Aluminium?

[AlcoHoDL]

One click on "Ignore" and the thread shrunk in half...

[El duderino_]

Sold all my Litecoin years ago. Not interested in riding shit coins. Only bags I have left (apart from my precious bitcoin’s) are XRP.

mmmmmm one of the biggest SHITcoins, but know your story around that... total understand it, had some as well and my GF still has some to dump as well
sold a shitcoin, and have some selling orders of it as well today..... me happy to have my few BTC's back of it with even a bit of profit.

[Biodom]

20%-30% of not happening I will have to deal with that...

I am going to do the most risky bet of my life (which is not much to say as I am extremely conservative) based on that perception. Wish me luck

I will probably be ok even if I am wrong or things doesn't happen as I do expect as the most probable outcome.

Careful.   We may go much lower in the interim.  Do not put yourself in a position where you are overinvested and feel you have to cut your losses.  Only invest what you are prepared to hold firmly until well after next halvening.  

If you want to be conservative, wait until we break the long term bear line.  2014 suggests we will break it around this price level in October 2019.  

I was clearly overinvested  in Q4 2017. I can hodl it all right now.

I am just going to morgtage again, for second time in my life, for another property that I feel it is clearly well under market price. My regular income cannot cover it, but I do have enough FIAT savings to pay it for almost 10 years even with no income and without having to sell my Bitcoins.

I guess the worst that it could happen is that I would need to sell the property (probably for more than I am buying it)

As I said I am extremely conservative, but it is more risky bet I have ever made in my life. Wouldn't like to have to sell my Bitcoins at a "bad price". But I can perfectly hodl for 5+ years no matter what.

It's just that I thought I would never buy anything on debt/mortgage again (already paid my main home).... but sometimes you don't have any choice if you don't want to miss the train.

If Bitcoin pumps sometime in the next 5 years I will have made the best decision in my life. If it doesn't, I will probably have to sell the property. Hopefully not losing any money, but it will be a failure for me.

Sorry to go into granular details, but if your income cannot support that second (presumably larger) property, how do you know that they will give you a loan?
Based on what? Your savings? Last time I refi, they were real bastards about everything.

Good question. I will ask my father to endorse (is that the right word when a person gets responsible if I don't pay?) me. He (and the bank) knows I have another fully paid property (which is slightly more expensive btw), I ALSO have enough fiat savings to cover more than half of the price of the second one (not counting Bitcoin). Plus the appraisal of the property will probably show way higher value than buying value.

I assume that's enough to approve the loan. I am in a WAY better position than last (first) time, which I already finished paying after 20 years.

I know you recently, but you seem responsible  , but do not involve your father in this financial operation, banks are like the devil.

My father is rich very wealthy. I am not. I don't need to (financially) worry about him. I only need to worry about the outrageous (people don't get rich by being dumb) conditions he will put on me. I have had a first call with him, after the initial no, he called me back to tell me he is going to consider it because he realises it is a clear "trade". Wish me luck

I wish you to become wealthier than your father (in time).
You would need to make a boundary, though: it is your trade, not his, even if he is peripherally involved.
Old chaps sometimes have a tendency to take over, even unconsciously so.

[markj113]

Hey Roach since you enjoy your low probability doomsday scenarios, what happens when we get to a point in the future when we can manufacture gold or silver in a massive and cheap way and the price drops to make it worth as much as say... Aluminium?

You could just as easily say, what happens when technology advances to a degree where it renders all encryption methods useless thus crashing bitcoin value to zero.

[mindrust]

@bitserve

Some think 100% for very real, cause Some are real ALL IN with BTC......

Besides maybe Elwar, most people here are not really ALL IN. And IIRC Elwar sold a good part of his stash at around $5000. Maybe he rebought later though.

Right now I am only %16 crypto and %95 of it, is btc. It was around %50 in last December. %16 seems like small though I am constantly investing since last year every month but the number still keeps shrinking. I don't think its my fault.

It is just going down no matter how much money I throw at it.

Hell I am mining Burst since February without  stopping. My USD balance was $35 after 1 month and now its almost 10 months passed and my USD balance is still $35. At some point it should go up right? I should have ROI'ed my HDD's 4 months ago!

I watched the other bear market from 2014 to 2017 but this is the first time I am living in it and It feels a lot different than watching it from outside.

Being %100 in BTC is just crazy. I know it will pay but... it is crazy  

[JimboToronto]

Good morning Bitcoinland.

Still going sideways... currently $3860USD/$5162CAD (Bitcoinaverage).

Blah. If I wasn't going to Mexico, I'd be hibernating. Meanwhile this place is stagnating. I don't normally put people on ignore but this crap is tempting me.

Besides maybe Elwar, most people here are not really ALL IN. And IIRC Elwar sold a good part of his stash at around $5000. Maybe he rebought later though.

I guess it depends on how you define "all in".

Not everyone here is a daytrader. Some of us are investors who mined/bought because we see the value of the technology and support its potential.

Many of us keep accumulating regardless of price trends. Sure, we try to time our purchases to dips but when we sell it's determined by need, not price.

Of course we're "all in" almost all the time.

[goldkingcoiner]

Hey Roach since you enjoy your low probability doomsday scenarios, what happens when we get to a point in the future when we can manufacture gold or silver in a massive and cheap way and the price drops to make it worth as much as say... Aluminium?

You could just as easily say, what happens when technology advances to a degree where it renders all encryption methods useless thus crashing bitcoin value to zero.

Exactly. Thats the kind of schizophrenic paranoia that hinders success in life.

[Biodom]

Being %100 in BTC is just crazy. I know it will pay but... it is crazy  

Being 100% in btc is the same as being 100% AMZN in your stock portfolio.
I believe that btc is THE ONE, but am I 100% sure that it would be the case?
No, as I don't have a time machine.

I employed the following strategy: btc as a core position. Once accumulated, traded only small portions.
Every other crypto asset: research, then buy one time a reasonable amount, without going overboard, don't buy again.
I feel free to trade (sell) the peripheral assets and some were good enough for a chunk of profit last winter, some of which I squandered by recycling back into crypto.

[mindrust]

Physical metals will stomp shitcoins

You're dreaming. "Physical metals" don't exist in any liquid quantity. Paper metals is what you're referring to and they're loaded with as much hazard as crypto. (Except they don't benefit from being limited in supply).

He probably thinks we'll be again using gold/silver coins for our daily purchases. How is metals going to dethrone crypto which is the best form of money ever created? By rising in Price? What is it going to change if gold rises %1000 right now today? Let's say gold became $10k or even $100k/ounce, what is it going to change? Nothing. NOTHING.

You still can't send gold overseas in 10minutes paying 1 cent as a fee. You still can't buy stuff with gold. You still have to apply complicated stuff on your gold to see if it is fake or not. You need physical space to keep it.

None of these shit applies to Bitcoin. It is fast, it is cheap, it cannot be counterfeited. (bcash tried it and failed)

[Biodom]

Some of us are investors who mined/bought because we see the value of the technology and support its potential.

Unfortunately, that 'mined' portion is going away as we speak.
This is true for people with more than 6c/kwh electricity price, which is probably the vast majority of geographic locations, at least in OECD countries.

It's EOL, unless BTC moves back above 6K or more.

[Paashaas]

The prices on Earth will completly collapse when space mining starts.

It's so economical, cheap, and hazard free to just wander around jacking off in space that not a single person has attempted to go to the moon since 60 years ago.  Why do you even type such dumb shit?  The cost of production for an ounce of space gold would be $1 million+ dollars.

Relax Roach you still got 10-30 years left to convert your silver into BTC. Even if you buy at $1m per coin it is still a great investment, halvings increases price steadily over time.