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

[LFC_Bitcoin]

$3,700

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[Torque]

Thought of the Day: Bitcoin market downturns create new hodlers with conviction

Why?

If a person is convinced Bitcoin is a revolutionary digital asset, and buys the bull run at say $10k, when the downturn comes is he/she thinking:

1. I should just sell above my buy-in price, take a profit, and walk away forever. Never to buy bitcoin again.

--or--

2. I should sell now so I can buy lower, possibly doubling or tripling the amount of bitcoin I initially bought.


#2 is the obvious answer. It's not more short term fiat profit they really wanted all along, it was more bitcoin they wanted. They already knew this going in, whatever they bought/own was not enough.

[JimboToronto]

Good morning Bitcoinland.

Nice to see a small leg up... currently $3720USD/$4935CAD (Bitcoinaverage).

I'm beginning to feel less superstitious.  

If a person is convinced Bitcoin is a revolutionary digital asset, and buys the bull run at say $10k, when the downturn comes is he/she thinking:

1. I should just sell above my buy-in price, take a profit, and walk away forever. Never to buy bitcoin again.

--or--

2. I should sell now so I can buy lower, possibly doubling or tripling the amount of bitcoin I initially bought.

Or:

3. I should not sell unless I absolutely must, keep holding, take advantage of the low prices and buy as much more as I can afford.

I'll choose option 3.

[LFC_Bitcoin]

Thought of the Day: Bitcoin market downturns create new hodlers with conviction

Why?

If a person is convinced Bitcoin is a revolutionary digital asset, and buys the bull run at say $10k, when the downturn comes, is he/she thinking:

1. I should just sell above my buy-in price, take a profit, and walk away forever. Never to buy bitcoin again.

--or--

2. I should sell now so I can buy lower, possibly doubling or tripling the amount of bitcoin I initially bought.


#2 is the obvious answer. It's not more short term fiat profit they really wanted all along, it was more bitcoin they wanted. They already knew this going in, whatever they bought/own was not enough.

With every epic market crash/correction new HODLERS are definitely formed. HODLERS from the Gox crash are now joined by our new friends from the 2018 bear market debacle.

It all points towards more strong hands as we head toward the next halvening.

Less coins on the market = bullish!

[bitserve]

wohuhuuuuuu!

[Torque]

I anticipate the market will come around to the superior solution. Admittedly, becoming less sure of this as time goes on.

It already has, you're just on the wrong side of it and got deluded.

If you don't think Bitcoin^TM with Segwit/LN is the *right* long term solution that will endure above all else, then you should just sell all your BTC holdings now and get entirely out of the crypto world. Because I got some bad news for you about BCash ABC and SV... they've already failed in the eyes of the public.

[d_eddie]

Who needs that part ?

Informative, bullish and timely - just before a nice patch of green.
Impossible not to merit ;-)

[DeathAngel]

I anticipate the market will come around to the superior solution. Admittedly, becoming less sure of this as time goes on.

It already has, you're just on the wrong side of it and got deluded.

If you don't think Bitcoin^TM with Segwit/LN is the *right* long term solution that will endure above all else, then you should just sell all your BTC holdings now get entirely out of the crypto world. Because I got some bad news for you about BCash ABC and SV... they've already failed in the eyes of the public.

BCH & SV are already dead, there’s literally zero interest in both. I’d love to see how many people buy & HODL thinking they’re the future. I see value in both for short term profits from random pumps but no way both will become mainstream payment options in the future.

Bitcoin will survive but the 2 shit forks are on life support imo, propped up by their scammer creators.

[P_Shep]

I anticipate the market will come around to the superior solution. Admittedly, becoming less sure of this as time goes on.

It already has, you're just on the wrong side of it and got deluded.

If you don't think Bitcoin^TM with Segwit/LN is the *right* long term solution that will endure above all else, then you should just sell all your BTC holdings now get entirely out of the crypto world. Because I got some bad news for you about BCash ABC and SV... they've already failed in the eyes of the public.

BCH & SV are already dead, there’s literally zero interest in both. I’d love to see how many people buy & HODL thinking they’re the future. I see value in both for short term profits from random pumps but no way both will become mainstream payment options in the future.

Bitcoin will survive but the 2 shit forks are on life support imo, propped up by their scammer creators.

That reminds me, whatever happened to solidcoin?

[d_eddie]

I tried another address tonight, one that I found on coinmap. It turned out to be an outcall massage and I'm pretty sure they don't stop at the "regular massage".
https://airbitz.co/biz/1306/hong-kong-massage-hong-kong/

The prices seem reasonable for professional work. Extras would require a different professional profile, though. I wonder how much extra they ask for the extra.

[vapourminer]

and thats on land. the ocean is less forgiving.

Can we all move in with you? It sound very reassuring there.

In return for food, power and guns I can offer toast making, as long as it's your bread and you're not too fussy, and I'll keep my room tidy.

depends. youll have to meet our cats standards, which are much higher than ours.

you would also have to be ok with extremely loud music at all times of the day and night, mostly pink floyd, rush, lynyrd skynyrd and other southern rock, and punk. and the music the wife and i play on our instuments; hers played well and mine that sucks. plus random weapons fire at any time.

[sam_ti_dyatel]

bull trap?

[Paashaas]

I anticipate the market will come around to the superior solution. Admittedly, becoming less sure of this as time goes on.

It already has, you're just on the wrong side of it and got deluded.

If you don't think Bitcoin^TM with Segwit/LN is the *right* long term solution that will endure above all else, then you should just sell all your BTC holdings now get entirely out of the crypto world. Because I got some bad news for you about BCash ABC and SV... they've already failed in the eyes of the public.

BCH & SV are already dead, there’s literally zero interest in both. I’d love to see how many people buy & HODL thinking they’re the future. I see value in both for short term profits from random pumps but no way both will become mainstream payment options in the future.

Bitcoin will survive but the 2 shit forks are on life support imo, propped up by their scammer creators.

Funny thing is that bCash mined his smallest block ever while BTC steady above 1mb.

[Paashaas]

Bakkt's New Acquisition Will Speed Its Plan to Streamline Consumer Payments.

But Bakkt’s ambitions are greater than ever, Loeffler says. The startup is already going global and has begun discussions with regulators outside the U.S. ICE owns a number of the world’s biggest commodities exchanges besides ICE Futures US, the market that will handle domestic business, including ICE Futures Europe and ICE Futures Singapore. “Bakkt is being designed as a global business,” says Loeffler. Bakkt represents the biggest bet yet by a major financial player to bring crypto-currencies both to Wall Street and masses of consumers.

http://fortune.com/2019/01/14/bakkt-acquisition-consumer-payments/

[bitserve]

bull trap?

uh? It looks like a pretty standard debart to me. Nothing to see here... yet.

[Ibian]

for me, one aspect of a seastead is the isolation from supplies. living in the boonies i tend to have everything needed to survive for several weeks with absolutely no dependencies on the outside world. well within some practical limits. so i would have backups (sometimes several) of all critical infrastructure, tools and parts to repair most things along with a small machine shop, above average medical supplies, and overkill on monitoring equipment for environment and systems status. like, lots of stuff like that. i live in the boonies, and ive learned that if you dont have it with you, you dont have it period. simple enough thing but when the stores are a dozen miles or more away in rough seas for unknown period of time thats the same thing. so any seastead i design will be pretty big. living quarters would be a small part of it. command and control will be as redundant and as state of the art as i can make it, after all, when you get down to it this is a sea going vessel that my life will depend on. so costly for the specs that i am comfortable with, which are admittedly above specs a typical seasteader may have.

dont get me wrong, the isolation and self sufficiency is a good thing for me, but a lot of planning goes into that. its not just the base platform which worries me, you guys seems to have those problems licked. its the rest of it that i worry about. ive learned to only trust critical infrastructure that either i design and build, or is so well proven i can adapt off the shelf items for my use. i have no intention of getting into some life threaten situation that i could have avoided because i skimped on kit loadout.

We're about 20 minutes to the closest restaurant by speed boat. 30 minutes and a ride through traffic to the nearest hospital. Where I lived before it was usually an hour drive in traffic to the main shopping area so you just go a few times a week or less.

Though I am in the process of buying a small sail boat. It has an engine and I'll add an outboard for redundancy. Plus the sail. So a liesurely ride into town could take an hour or so.

under ideal conditions sure. im thinking of worst case. im not really a pessimistic type but when it comes to survival, i plan for pretty bad conditions. and some of those plans have paid off big time. a tornado in town and a freak snowstorm that caused a 7 day multi state wide power failure affecting most of those states population on the east coast and that made many roads impassible for days (even with a pretty serious 4wd with mods), most fuel stations inoperable (no power to run the pumps), pharmacies having problems keeping meds in stock (statewide travel bans on some highways), stores running out of food and lots of the refrigerated stock they did have going bad because no power, plus limited resupply made me glad i had a weeks worth of fuel for my genset thats capable of running most of the house (just the electric stove and electric cloths dryer is excluded) and a transfer switch to do it right and make it wife safe, food for a month with several cooking sources with different fuels, lots of stocked up batteries, extra meds, tools supplies and equipment to fix the genset etc. not all of it was needed but i slept well knowing the wife and i were good. but it sucked big time for many, and especially hard for those with electric powered medical equipment. most of the unprepared just had no fuel, no heat source and no food, pretty big inconveniences. 

and thats on land. storms and their duration are unpredictable. how big is that boat anyway?

a seastead of course will have different failure modes, but there will be failures and they will happen a the worst times, like when you cant get to land with what youve got.
 

Thing is, none of that stuff happens in developed countries.

[Globb0]

and thats on land. the ocean is less forgiving.

Can we all move in with you? It sound very reassuring there.

In return for food, power and guns I can offer toast making, as long as it's your bread and you're not too fussy, and I'll keep my room tidy.

depends. youll have to meet our cats standards, which are much higher than ours.

you would also have to be ok with extremely loud music at all times of the day and night, mostly pink floyd, rush, lynyrd skynyrd and other southern rock, and punk. and the music the wife and i play on our instuments; hers played well and mine that sucks. plus random weapons fire at any time.

any negatives?

[Last of the V8s]

We need a bit of this
https://www.youtube.com/watch?v=316AzLYfAzw
and that
https://www.youtube.com/watch?v=ZIkPeZKP-d4
to get the price going up up up

[vapourminer]

[...]freak snowstorm that caused a 7 day multi state wide power failure affecting most of those states population on the east coast and that made many roads impassible for days[...]

Thing is, none of that stuff happens in developed countries.

yeah i get that the usa is backwards in many ways but its power infrastructure is fairly good, if aged.

anyway here is the storm i mentioned. it was kinda cool in many ways (well, not for the unprepared which was like 95% of the population that was affected by it) and was a good test of my disaster planning (ie barely any effect on the wife and i)

i had two telephone poles lying in my side yard. leaking transformer goop. they sent a crew to dig all the contaminated soil out and replace it. i have some really surreal pictures of the damage.

https://en.wikipedia.org/wiki/2011_Halloween_nor%27easter

[gentlemand]

Thing is, none of that stuff happens in developed countries.

American weather is fooking mental compared to us soft Europeans. I've probably done 20-30,000 miles around the US. A lot of the time the sky was assaulting me in ways I've never experienced before.