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

[infofront]

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? 

I'm late 30s and have a good income, etc. and I've never bought a new car lol. I'm just too cheap. I typically buy cars that are 2-3 years old, with the worst of the depreciation out of the way.

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[BitcoinGirl.Club]

Billionaire says now is the time to stock up on Bitcoin

https://www.forbes.com/sites/billybambrough/2019/02/13/bitcoin-price-bottom-a-chinese-billionaire-thinks-its-time-to-buy-bitcoin/amp/

mmmm no one needs to tell me to buy BTC or its time to buy BTC, i already know, hope more are getting to know it while its on the cheap

A Major Philippine Bank Just Launched Crypto ATMs and it May Fuel Massive Bitcoin Adoption

Bitcoin Adoption Gets Stronger in Venezuela As Trading Volume Hits All Time High

Samsung's New Galaxy S10 Could Give Surprise Boost To Bitcoin Adoption

[JayJuanGee]

ivomm has a point.

I am pretty sure many of us here will be lining up to sell most of their stash as soon as we see any price above $10k. Only a handful of people will be left when it hits $15k.

And after $15k its a huuuge huge gamble.

Just like happened in 2017 when people saw $1200-1500, many people dumped their shit but then it went to $20k.

The thing is, you don't know what'll happen when it passes $20k.

It can go as high as $100k, maybe 200k... or... It may start to fall after reaching $30k.

Hard decision to make for many.

*It is better to set yourself a target and wait for it till it happens. That's what I'll do.

This is called resistance.  And yes there may be quite a bit of it between 10 and 19k.  But selling there would be betting on the idea that Bitcoin is a failure.  And here is the thing... if Bitcoin is a failure then everyone here is really just singing in the choir of the Church of the Bitcoin Cargo Cult.  If Bitcoin is a failure then chances are it's seen it's all time forever high.  In this case it would most likely be best to sell now.

But if Bitcoin is not yet a failure, then we WILL eventually see new all time highs.  It is impossible for us not to.

Bitcoin is still *the* *most* asymmetrical bet you can place on a large scale.

If a person is uncomfortable with the amount of the bet?  Then selling is advised.  If they are in so much profit they want to hedge Bitcoins failure then selling *some* is advised.

I am pretty sure many of us here will be lining up to sell most of their stash as soon as we see any price above $10k. Only a handful of people will be left when it hits $15k.

But I think you underestimate some folks here.  Some of us have been through the fire a few times already...  Some of us are even buying more.  I might nnot be among them, but some here will hold until bitcoin is either worthless, or a global store of value at least on the scale of Gold, and possibly a global money that you will no longer buy and sell... but will pay a bit to move onto layer 2 where it will be used for all kinds of transactions.

With Bitcoin I am currently betting on Layer 2.  And putting my skin in the game there.  I am not going to let go very easily.

Chump or champ?  One or the other really... time will tell.

I have some troubles with your seeming black and white thinking in various points that you make in this post, cAPSLOCK.

I understand that even satoshi made similar points about bitcoin either succeeding immensely or going to zero, and maybe even satoshi was a bit hyperbolic in that regard. 

Let me just say this to attempt to clarify my point, there are possibilities that bitcoin could pump for a considerable amount of time and then end up going to zero and there are also possibilities of ups and downs and fixes along the way, but maybe in the much longer term (such as 50 years from now - in which likely many of the active participants in this thread will be dead), either bitcoin is a success or not. 

In the meantime, there can be all kinds of playing around that could cause a variety of trading of bitcoin to pay off immensely, even if it goes against an attempt to accumulate BTC.  Furthermore, there can be valuing of wealth in dollars that ends up paying off very well, too in the next 10 years.

Don't get me wrong.  I am sticking to my system to accumulate bitcoin by buying when the price goes up and selling small amounts as the price goes up in part because I continue to believe in its fundamentals and its likely long term price appreciation, but I have no real prejudgement for how exactly the price performance is going to play out, even while I believe that there continue to be real decent odds that BTC remains in early stages of s-curve exponential adoption and even though I also put a decent amount of weight to the likelihood that BTC's future price performance is going to continue to follow up and down, largely UP waves that include short-periods of 5x to 100x bursts (and thereafter corrections) similar to the exponential periods that we have already historically seen.

Largely, my point here is to suggest that there are going to continue to be a lot of ways to make money in the future, and even playing around with shitcoins is going to be part of the strategy of some successful people in this space and continuing to sort through the distractions, including the pumping of various snakeoil and other kinds of disinformation and attacks on bitcoin, is also going to be an ongoing phenomenon that will cause a variety of strategies to have decent chances of success (not only black and white HODL and accumulate approach, even if that approach has decent chances to pay off decently well, too, especially for folks with longer timelines of 5 years and more).

[gentlemand]

I'm late 30s and have a good income, etc. and I've never bought a new car lol. I'm just too cheap. I typically buy cars that are 2-3 years old, with the worst of the depreciation out of the way.

The front of my motor is held together with zip ties and there are now so many noises I favour driving with noise cancelling earphones. The previous one got to 550,000 miles before the rust was so bed there wasn't enough metal left to attach important things like number plates and doors. It ended its life T boning a Rolls Royce to death in a banger race.

I was going to get an Alfa Giulia Quadrifoglio last year but the amount of animals and drug dealers that smash into me makes it pointless. I'm sticking to heaps of shit for life most likely, though in future I may sneak in the odd enormous engine.

[Globb0]

Lexus LS400  (v8) 

[rebal15]

English food sucks as well except breakfast.

There is no such thing as English cuisine. There is food what you buy in England.

Yeah all around english isn’t the best kitchen as well
But were I went was the service very Nice
(I also didn’t do any good english resto’s .....)
No real real opinion on that matter ......
Next time i’m going for a culinair trip to London or something

This topic is to talk about a technology that require some knowledge of science, computer science, math and economic. You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

[Hueristic]

Someone posted this on /r/reddit:

WikiLeaks Reveals US Military Use Of IMF, World Bank As "Unconventional" Weapons

Describes how the global monetary system is just a giant American geopolitical weapon. And that is why bitcoin will win. But we knew that, of course.

I hope they really didn't do that to the Venezuelan people.

Money is power. Power is more addictive than cocaine. They did it, bet on it.

Same with Saddam and Gaddafi. Anyone who tries to do their own thing get killed.

I agree with the bolded.

[BTCMILLIONAIRE]

You know why French people are skinny? Cause their food is so gross they can’t eat it.

^
Could live with that tweet, french always think they rule @anything while they s*ck @the most

https://twitter.com/cjlovescrypto/status/1095409508883542016?s=21

Dig their pastries. But other than that they seem like fucking savages that came fresh out of the jungle with all the weird kind of shit they call food.

[BitcoinGirl.Club]

You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

LOL who is doing the disrespect. We do football and movies too 😋


By the way, anyone up for Champion League.

I am off to see Ajax vs Real. I predict Real to win by 3 - 1 and other one 2 - 2 however I placed a bet for over 1.5 for both games. I hope I win.

[rdbase]

You know why French people are skinny? Cause their food is so gross they can’t eat it.

^
Could live with that tweet, french always think they rule @anything while they s*ck @the most

https://twitter.com/cjlovescrypto/status/1095409508883542016?s=21

Dig their pastries. But other than that they seem like fucking savages that came fresh out of the jungle with all the weird kind of shit they call food.

Didnt they make the ledger? So they have that going for them.
But yeah their food is gross especially when they think their stinky cheese is the best on earth.

[El duderino_]

English food sucks as well except breakfast.

There is no such thing as English cuisine. There is food what you buy in England.

Yeah all around english isn’t the best kitchen as well
But were I went was the service very Nice
(I also didn’t do any good english resto’s .....)
No real real opinion on that matter ......
Next time i’m going for a culinair trip to London or something

This topic is to talk about a technology that require some knowledge of science, computer science, math and economic. You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

https://bitcointalk.org/index.php?topic=5094269.140
^
respect this

[El duderino_]

You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

LOL who is doing the disrespect. We do football and movies too 😋


By the way, anyone up for Champion League.

I am off to see Ajax vs Real. I predict Real to win by 3 - 1 and other one 2 - 2 however I placed a bet for over 1.5 for both games. I hope I win.

3-1 or 3-0 real =Ok

spurs WIN 2-1

[JayJuanGee]

Its clear that crypto has failed as a currency for the most part.  Its mainly a store of value, digital gold.  Store of value is better imo.

Nope bro, not really. working well for me. before I knew about BTC I had to wait for almost 3-4 days for my payment( wire transfer) if I count any freelancing site then a minimum 7-8 days ( not even counting Bank holidays)

Now Using Crypto as a payment I receive payment within 1-2 hour after sending bills to my respective clients and then it's up to me if I wanna sell it or not.

Yeah..  looks like using bitcoin really sucks, JSRAW.   You have resolution so quickly that you won't know what to do with yourself for those additional days that you could have been waiting for payment.

You probably want to go back to your bank system so that you are able to wait longer and feel better about being within that system and not tempted by having earlier control over your money. 

[El duderino_]

You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

LOL who is doing the disrespect. We do football and movies too


By the way, anyone up for Champion League.

I am off to see Ajax vs Real. I predict Real to win by 3 - 1 and other one 2 - 2 however I placed a bet for over 1.5 for both games. I hope I win.

AND F*** WE DO DILDO's

and rebal15

as JJG WOULD say

"DO YOU EVEN BITCOIN?"

[BitcoinGirl.Club]

You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

LOL who is doing the disrespect. We do football and movies too


By the way, anyone up for Champion League.

I am off to see Ajax vs Real. I predict Real to win by 3 - 1 and other one 2 - 2 however I placed a bet for over 1.5 for both games. I hope I win.

AND F*** WE DO DILDO's

and rebal15

as JJG WOULD say

"DO YOU EVEN BITCOIN?"

Huh! I live in Bitcoin

[bonker]

AND F*** WE DO DILDO's

and rebal15

as JJG WOULD say

"DO YOU EVEN BITCOIN?"

Just do on BUTTcoin.

Worth to do on big butts.

[infofront]

Zoom in

The Tale of Parabolic Trav

[Toxic2040]

<... and maybe even satoshi was a bit hyperbolic in that regard.  ...>

*gasp*

I normally would de-WOmerit such sacrilege but recently after giving some thought to the immutability of the WOchain I have decided that such actions would go against the core principles we all cherish. That being said I find your commentary disrespectful in the extreme, shame on you most wordy one..  /s

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1h


3h


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#stronghands'19

[Biodom]

The biggest question I ponder with regards to bitcoin is the following:

Right now the only way to benefit from bitcoin appreciation is to sell it (or exchange for goods).
There are no cash flows that you can get from simply holding btc.
I know that it is from design, but would have preferred to have some income from btc holding.
Otherwise, the only way is to sell, which most people detest.
Getting cash loans in lieu of btc is super risky because of btc volatility.
Who wants to get a loan at 30% value, then get liquidated on a 83% "correction".
I wonder if some legit services will develop which can give you an "interest" (even a small one) on your btc.

[El duderino_]

Lexus LS400  (v8) 

thats what you're driving?