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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21334182 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.)
Toxic2040
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January 11, 2019, 07:38:25 PM

Oversold conditions continue to offer support to the current price levels. It seems a relief rally might present itself over the next couple of days. #dyor

4h
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bitserve
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January 11, 2019, 07:43:46 PM


Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

Yes.

The best thing for me is to generate paper wallet offline and cryptosteel and a small amount for trading.

If you have more than $1,000 of value in bitcoin (and perhaps other crypto), then it can also be reasonable to invest in some kind of hardware wallet.  I prefer Trezor over Ledger in regards to current hardware wallets that are available.  I understand that there are several other hardware solutions that are available that I have not studied into.  I am a bit nervous about paper wallets, but mostly based on my own lack of experience in using them.

The problem I see with paper wallets is that you will sometime need to use a software wallet to "redeem" them so you are back to point one. Of course you could use an offline computer to run the software wallet, import the paperwallet and sign the transaction but then again, you could do that with a hardware wallet for added security (hardware wallet + offline computer).

One argument in favor of paper wallets is that you can spread your stash over several ones with different keys... But if your stash is worth enough you can also spread it onto several different hardware wallets (with different seeds)... and maybe even some paper wallets.

If I had to chose between hardware wallet vs paperwallet for a modest holding I would chose hardware wallet.

Each option has its risks, but that is my opinion and choice.

P.S.: And yes, if one's stash is worth 10x+ the cost of the hardware wallet I consider it a more than reasonable investment.

Surely one day I will buy a Trezor. I have to convince myself, my brain is hard for some things. Wink (Google chrome, plugins...)



Once you try it, there's no coming back.

I prefer Ledger though (for its architecture around a secure element), but Trezor is also a solid one and the pioneer.

During the next bull run (or black friday) I will have to order both the Trezor Model T and the Ledger Nano X. Unfortunately, I am currently too poor to even consider it.
kenzawak
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January 11, 2019, 07:47:09 PM

fuck that guy

Who ? The artist I posted about just above your post ?

He's a nocoiner ?
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January 11, 2019, 07:52:16 PM

fuck that guy
Who ? The artist I posted about just above your post ?
He's a nocoiner ?
yes him. he wrote 'bitcoin - tulipmania is back' on his craft project
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January 11, 2019, 07:52:31 PM

Good morning Bitcoinland.

I see we had a rather healthy dip... currently $3634USD/$4812CAD (Bitcoinaverage).

Before anyone goes blaming me for this, I should tell you I'm still in Toronto. Mind you, I'm at the airport, past security, waiting for my flight.

It works out to the same thing though. I can't buy this dip.

This is getting annoying. At what point does coincidence happen so often it makes you superstitious?  Tongue

From reading around here that was a few times ago for many folks. Smiley
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January 11, 2019, 07:57:14 PM
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fuck that guy
Who ? The artist I posted about just above your post ?
He's a nocoiner ?
yes him. he wrote 'bitcoin - tulipmania is back' on his craft project

Oh ok, got it.

This one's much better then :



It's an homage to Finney's tweet from 10 years ago.
The artist calls himself cryptograffiti.

Quote
Repurposed credit cards sit atop a used bank safety deposit box.

Inside is a customized Casa Node allowing you to "run bitcoin.”

Embedded is Hal's signed card given to me by his wife Fran.

The WiFi-enabled node is adhered to only run when paired w/ the art.

The work is up for auction, 10 years after his famous tweet.

50% of the proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle w/ Amyotrophic Lateral Sclerosis.

A limited-edition of 100 signed and numbered prints on aqueous pigment fine art, semi-gloss archival rag are available here.

A heartfelt thank you to the Casa Inc. team for collaborating, to Fran, and of course to Hal for his important contributions in a space that means so much to so many of us. RIP

cryptograffiti

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January 11, 2019, 08:00:36 PM

I take it all back, not that i like it as art - his heart's in the right place.
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January 11, 2019, 08:23:29 PM

new fud: China bans bitcoin
https://bitcoinist.com/bitcoin-node-illegal-china/
"In other words, the new law makes it illegal for users to download and run bitcoin’s free and publicly available software client because a “blockchain service provider” can be a node that provides the blockchain information service to the public.
In order to do so, they’d have to go through a registration process and give up their private information."
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January 11, 2019, 08:24:47 PM

^Chinese BTC ban - the gift that keeps on giving.


I'd proudly hang a Hal Finney portrait on my wall.
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January 11, 2019, 08:27:42 PM


Pah.

The less China the better. Soon the entire Bitmain board will be dancing in sex clubs in return for food and shelter.
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January 11, 2019, 08:31:37 PM
Merited by Last of the V8s (1)

new fud: China bans bitcoin
https://bitcoinist.com/bitcoin-node-illegal-china/
"In other words, the new law makes it illegal for users to download and run bitcoin’s free and publicly available software client because a “blockchain service provider” can be a node that provides the blockchain information service to the public.
In order to do so, they’d have to go through a registration process and give up their private information."

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January 11, 2019, 08:32:21 PM

They'd never ban nodes in the West Shocked
#jihanknew #neo #anythingbutbitcoin
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January 11, 2019, 08:43:17 PM
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Think they'll revise it once they've filled their bags - 'Oh we didn't mean individuals, just companies' ?
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January 11, 2019, 08:52:23 PM

Think they'll revise it once they've filled their bags - 'Oh we didn't mean individuals, just companies' ?

They usually do. How many times has China unbanned Bitcoin now?
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January 11, 2019, 08:53:45 PM

Think they'll revise it once they've filled their bags - 'Oh we didn't mean individuals, just companies' ?

Any time China bans bitcoin, I think it’s their government trying to manipulate the price so they can buy.
I might be way off but I’ve thought it for years.
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BTFD, on to 15K a coin !!!!


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January 11, 2019, 09:00:04 PM

Been a busy day, good the price didn’t do anything when i wasn’t watching, now come on
F***ing weekend PUMP

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January 11, 2019, 09:17:22 PM
Last edit: January 12, 2019, 10:21:49 AM by HairyMaclairy
Merited by LFC_Bitcoin (1), Last of the V8s (1)

Ok so Ive been invested in BTC since 2018 with an average cost basis of about 8k per coin. Sadly I dont see how we arent going to have at least one more huge move down well below 3k. I have orders to buy 3 more coins if we hit 2k. I dont want to sell rn but I am considering taking out a short position here. I believe in Bitcoin, but Im tired of so much losing in my first year Embarrassed

Could a few members help me out and post their best argument for why we already saw the bottom, or their best argument of why we are gonna have another big move to new lows.

Thank you in advance.

Stop worrying about shorting the final gasp of the bear market and start thinking about when you are going to long the bottom and how you are going to do it.  Much more profitable.

I have thought about this, thats why I said I have orders to buy 3 more coins at 2k. Thats all I can afford to lose. It will bring my total investment to almost 40k. I will not invest another dollar after that. All ive known investing in Bitcoin is a terrible bear market and its hard not to worry as early adopters dump on my face Cry, but thank you for the advice.

Im interested in hearing other Bitcoiners best argument(s) as to why the bottom is not in yet(i believe it isnt but hope im wrong). If you have one id love to hear it. If not thanks anyway.



The bottom is probably not in, but it is also probably very close.  It could happen tomorrow or anytime in the next 8 months before the halvening starts to kick in.

We need a deep penetration of the 200 Week Moving Average to kick off an enormous volume spike that will seal the bottom of this bear market.  So basically we are sitting around waiting for one final, terrifying price crash.



If you want to wait until it is "safe" to buy, wait until the Moving Averages are all back in the correct order, eg 30 is above the 50 which is above the 100 which is above the 200.  This last happened in November 2016 around $420 which sparked the first real rally of the bull market.  The taupe and purple lines (50 and 100) were the last to uncross in November 2016.   It is reasonable to expect they will uncross again sometime in late 2019, early 2020 at latest.

All of this assumes we follow the model of the 2014 / 2015 cryptowinter.  To date we have followed it closely, so there is no particular reason to think we will not continue to do so.  

This is not investment advice, I am a drunk with hygiene issues and a degenerate gambler.
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January 11, 2019, 09:49:55 PM

*giggling intensifies*
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January 11, 2019, 09:57:16 PM

....
This is not investment advice, I am a drunk with hygiene issues and a degenerate gambler.

Aren't we all?
  Wink
Toxic2040
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January 11, 2019, 10:02:42 PM

*giggling intensifies*



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