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

[bitserve]

Definition of cheap rate is very different in the context-time when someone bought his/her first Bitcoin. Ask those investors who got it during a bull run. they would love to grab some in the current scenario. its cheap for them.

I got in during China fud and the current price is almost the same as my monthly salary. not so cheap for me.

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

I have bought BTC for as little as 50€/btc in 2013 and for as much as 3000€/btc in 2017 (not counting trading, I of course had sells/buys on every possible price up to $19K but that is not "fresh" money for me).

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[JSRAW]

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

Recently bought an Apartment so very tight in terms of budget.

my first purchase came in 2017 as well when it was $3k. after that I didn't invest personally technically but started to accept my salary as a BTC and Eth.

[bitserve]

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

Recently bought an Apartment so very tight in terms of budget.

my first purchase came in 2017 as well when it was $3k. after that I didn't invest personally technically but started to accept my salary as a BTC and Eth.

Well, that's different, money going to an investment (the apartment) is investing/saving. And I also think one should have traditional investments (more so if it is in real state that would need to be rented/wasted otherwise). Investing all or even most of the savings into crypto is retarded... even if it could end being a jackpot.

How is that your salary (full or in part) comes as crypto? Do you work for a crypto company or something?

[cool4y]

Hey bitcoiners, what are your thoughts on the BTC's ITF approval? Will be there any price run triggered by this event, or it won't affect the overall value of BTC.

[cool4y]

Bitcoin is the 8th wonder of the world. 

It is that big. 

It is that amazing. 

The Virus is Spreading

How poetic. Love it  Please do share with us if u get inspired by BTC again.

[bitserve]

Hey bitcoiners, what are your thoughts on the BTC's ITF approval? Will be there any price run triggered by this event, or it won't affect the overall value of BTC.

Probably yes, but there's nothing on the horizon at this time.

[JayJuanGee]

Definition of cheap rate is very different in the context-time when someone bought his/her first Bitcoin. Ask those investors who got it during a bull run. they would love to grab some in the current scenario. its cheap for them.

I got in during China fud and the current price is almost the same as my monthly salary. not so cheap for me.

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

I have bought BTC for as little as 50€/btc in 2013 and for as much as 3000€/btc in 2017(not counting trading, I of course had sells/buys on every possible price up to $19K but that is not "fresh" money for me).

Regarding "You guys spend too much and/or save too little:" that seems a bit judgmental because we have to look at the whole package.  I understand that there are some cultural variations, and even locations in which savings is emphasized more than consumption.

I feel that I have led a pretty aggressive investment strategy that relates to a bit of a frugal life because I have always had a percentage of my salary go towards investing - usually 10% minimum, and surely sometimes higher than that.  Of course, the amounts that are in the investment pool can add up, and become tempting in terms of how to allocate such funds and if there are perceptions of "investment opportunities" to get the money "working" or earning greater returns.

I know young people who seemed to be living on a salary similar to mine, and they always had nice stuff, such as new cars.  I did not want the payments or the depreciation, but I did break down and begin to buy new cars after my surplus investment funds begin to seem to be so large that I could not resist any longer.  The many bells and whistles of the new car were surely nice, and I kind of felt that I had earned it after more than 20 years of working in various ways (gotta include college years in there too.. as a kind of ongoing working to advancement).

Regarding "fresh money" invested into BTC:  I find my system to be a bit confusing because I cashed out all the way to $19k, but I also used a vast majority of those generated funds to buy back BTC.  At the same time, there is a kind of ongoing putting of my extra money into my BTC fund.. so at some point, differentiating between "fresh money" and money generated from trades has become a bit confusing to calculate... gotta "ballpark" the estimate, sometimes. Is that cheating? 

[JSRAW]

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

Recently bought an Apartment so very tight in terms of budget.

my first purchase came in 2017 as well when it was $3k. after that I didn't invest personally technically but started to accept my salary as a BTC and Eth.

Well, that's different, money going to an investment (the apartment) is investing/saving. And I also think one should have traditional investments (more so if it is in real state that would need to be rented/wasted otherwise).

How is that your salary (full or in part) comes as crypto? Do you work for a crypto company or something?

I am 3d Freelancer. yes, some clients pay in full some don't. already got a couple of clients who prefer Crypto over fiat payment.

[cool4y]

Regarding cheap prices:

Cheap prices are very good for distribution and distribution is very good for the next bull run.

Just have in perspective that this cheap prices right now is still 3x from the 2013 ath or over 23x from the 2015 low.

I'm not going to agree with you on this one. Usually the panic buyers and the fomoers who picked up btc at the peak of the hype cycle are capitulating now, while more experienced investors and of course, whales are taking their bitcoin dirty cheap and increase their power.

[alevlaslo]

why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold

BCH the best

I think this was conceived for the sake of raising commissions in the main network, so that people use only a centralized LN

[Last of the V8s]

why is bitcoin turn into a Visa? What is the point in reducing the block size + LN, if a large block does not interfere, safe storage in any case only cold
BCH the best

I think this was conceived for the sake of raising commissions in the main network, so that people use only a centralized LN

no you patent fool it was conceived because of the imminent balkanisation of the internet and possible network partitioning.
conceived by people who see the need to send over the radio not the internet
and by people who know that running a node should be as easy as possible in order to keep the miners honest

[bitserve]

Definition of cheap rate is very different in the context-time when someone bought his/her first Bitcoin. Ask those investors who got it during a bull run. they would love to grab some in the current scenario. its cheap for them.

I got in during China fud and the current price is almost the same as my monthly salary. not so cheap for me.

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

I have bought BTC for as little as 50€/btc in 2013 and for as much as 3000€/btc in 2017(not counting trading, I of course had sells/buys on every possible price up to $19K but that is not "fresh" money for me).

Regarding "You guys spend too much and/or save too little:" that seems a bit judgmental because we have to look at the whole package.  I understand that there are some cultural variations, and even locations in which savings is emphasized more than consumption.

I feel that I have led a pretty aggressive investment strategy that relates to a bit of a frugal life because I have always had a percentage of my salary go towards investing - usually 10% minimum, and surely sometimes higher than that.  Of course, the amounts that are in the investment pool can add up, and become tempting in terms of how to allocate such funds and if there are perceptions of "investment opportunities" to get the money "working" or earning greater returns.

I know young people who seemed to be living on a salary similar to mine, and they always had nice stuff, such as new cars.  I did not want the payments or the depreciation, but I did break down and begin to buy new cars after my surplus investment funds begin to seem to be so large that I could not resist any longer.  The many bells and whistles of the new car were surely nice, and I kind of felt that I had earned it after more than 20 years of working in various ways (gotta include college years in there too.. as a kind of ongoing working to advancement).

Regarding "fresh money" invested into BTC:  I find my system to be a bit confusing because I cashed out all the way to $19k, but I also used a vast majority of those generated funds to buy back BTC.  At the same time, there is a kind of ongoing putting of my extra money into my BTC fund.. so at some point, differentiating between "fresh money" and money generated from trades has become a bit confusing to calculate... gotta "ballpark" the estimate, sometimes. Is that cheating?  

Yeah, in your case is hard to say what is fresh money or proceeds from previous higher price sales. As I have *never* "cashed out" I can just take into account the times I did deposits to the exchanges. Everything else is just "trading the same money over and over to increase my BTC stash". My last deposit was when I was able to finally fully cover a leveraged long I had opened a year before. That was right before the  Bcash fork which I considered could be a bad time to be leveraged for the risk of extreme volatility (which didn't happen).

About the "you guys spend too much"... yeah, I know it depends not only on the individual but also the country variations and many other circumstances.

About the cars... I have always had great sporty cabrio cars... which I bought used for the price of a "regular boring" new car. Currently a Mercedes. No one ever noticed the difference and everyone thought it would have costed me WAY MORE than I really paid.

My trick is not earning too much, but doing my best that every dollar spent is worth like double or triple -at the very least-. Of course that takes "research" time I could use instead to earn more and not having to care that much about my spending... So I can perfectly understand that if someone has his income well covered he can self indulge in his spending. This is something where you CAN'T have best of both worlds. Not sure which one I would prefer... If some day Bitcoin(or any of my other investments) makes me "rich enough"... maybe I will be able to tell you.

Another thing is that I started saving as soon as when I was 11 years old even if it was "pennies". 2018 was the only year since then that my net worth got reduced in comparison to the previous year. I am sure you can guess why.

P.S.: I forgot that I also got a net worth reduction on the dotcom implosion.

[Cryptotourist]

Παρά τoν Mπoμπ και τις μπάλες τoυ .. H αγoρά συνεχίζει να άκρη πλάγια κατά μήκoς της ανώτερης άκρης αυτoύ τoυ καναλιoύ πoυ έχoυμε διασχίσει. Noμίζω ότι θα σπάσoυμε πρoς τα πάνω από αυτό τo μoτίβo την ή πριν από την Hμέρα τoυ Aγίoυ Bαλεντίνoυ. Kάνετε τη δική σας έρευνα.

Cool. This can't get anymore surreal.

#

Morningz WO's.

How is it hanging?
BTC is hanging off the cliff again, short starring at the sea, but all it really desires is to long fly to the moon.

@r0achie, your charting is as good as mine - total bullshit. Please retain yourself to your games & porn, and into mastering that nano-python beast of yours.
 

[El duderino_]

The United States National Debt surpassed $22,000,000,000,000 today.

https://twitter.com/truthgundlach/status/1095474760501256192?s=21

[VB1001]

Παρά τoν Mπoμπ και τις μπάλες τoυ .. H αγoρά συνεχίζει να άκρη πλάγια κατά μήκoς της ανώτερης άκρης αυτoύ τoυ καναλιoύ πoυ έχoυμε διασχίσει. Noμίζω ότι θα σπάσoυμε πρoς τα πάνω από αυτό τo μoτίβo την ή πριν από την Hμέρα τoυ Aγίoυ Bαλεντίνoυ. Kάνετε τη δική σας έρευνα.

Cool. This can't get anymore surreal.

#

Morningz WO's.

How is it hanging?
BTC is hanging off the cliff again, short starring at the sea, but all it really desires is to long fly to the moon.

@r0achie, your charting is as good as mine - total bullshit. Please retain yourself to your games & porn, and into mastering that nano-python beast of yours.
 

xhomerx10 again bright.

Nice hat !!!

[Cryptotourist]

Thanks dude, never had a doubt.

[LFC_Bitcoin]

Thanks dude, never had a doubt.

Yes, the hat has landed

[Phil_S]

but all it really desires is to long fly to the moon.

[Cryptotourist]

Yes, the hat has landed

Hopefully that's an indicator for BTC to rocket.

Testing...

[El duderino_]

Thanks dude, never had a doubt.

the HAT does look good on you, startupanalyst to be next

and maybe in a foreseeable future LFC will be wearing his old school hat as well

maybe XhomerX already can make some 3D moving LFC HAT or something

one with GERRARD scoring a legendary goal or something ( i think i like the one against marseille very much "if i'm right the 1-1 goal" )