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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21227776 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. (66 posts by 16 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 15, 2019, 06:44:26 PM

It is fine to own %5-10 gold but even if gold succeeds, I mean how much can it go? $5k? And if gold ever hits $5k,

I would say 5% on the high side.. You are giving way too much benefit of the doubt to gold.. perhaps 1% would be more prudent, especially like I already mentioned if you own BTC.

'The people' do not yet control monetary matters. I mean, they do, but they don't realize the power they (we) have. As such, central banks will determine the fate of gold for the foreseeable future.

What central banks can't control is the whirlwind that will be the inevitable result from the stupid policies adopted back in the 1910-1913 timeframe. All they will be able to do is react to the debt-fueled collapse of the world economic system.

But the world has endured monetary shocks in the past. And while painful, they don't necessarily portend armageddon. The... ::*ahem*:: honorable, learned, and wise leaders find a way to restart the party - usually at the expense of setting in motion yet another larger shock some years or decades into the future. Even in the central banking era, we've gotten through Bretton Woods, the Nixon gold shock, and other such events - each of which was a complete rearchitecting of the world's monetary system.

tl;dr: Worldwide monetary shock is coming; it won't be TEOTWAWKI; and central banks will guide us through to the other side.

Which is all just prefatory to saying that both mindrust's and JJG's number estimates are woefully low.

Central banks, by and large, own gold. Large stocks of gold. And those whose economies have advanced past their gold holdings are buying gold hand over fist. (There is a notable exception of Great Britain).

When the shit hits the fan, about the only tool the central banks have is a repricing of gold. Not by 4x, but by some double-digit multiple. I followed the figures at one time -- Rickards has a handle on the precise number -- but it's a damned sight higher than 4x.

If the monetary collapse happens within the next decade (a fair possibility), there is no way in hell the response will be Bitcoin. Ain't gonna happen. Those currently in power will not cede it to a ragtag bunch of innernet nerds. Sure - if the people writ large rise up and force the issue, it could happen. But they wont.

So no. Chance of gold being massively increased in value is a damn sight higher than 5%, and the increment in such an event will be a damn sight higher than 4x.

Now I'm not saying Bitcoin will be a lagging investment in comparison. Nay, even with the scenario outlined above, I expect Bitcoin to handily outperform PMs. But in discussing alt assets, let's at least be real.


Just in regards to your last statement, above.  I think that i am being real with a suggestion of a 5% ceiling on dinosaur PM investments.  BTC is likely to be a sufficient hedge, but of course, some of this depends on other investments that you have, too.. and how much you value mobility.  

Personally, at this time, I don't own any gold because i don't want to have to store the shit (and I don't want paper gold, either), but with my BTC profits I could buy some gold, if I were to want to, if later I transform into a belief that gold could possibly serve as a meaningful hedge..  

By the way, if you are geographically stable, and you are already used to buying gold, then maybe you are more inclined.  I have neither of those nor any desire to become more geographically stable or to learn about what is authentic gold, at this time.  Bitcoin is much more practical in that regards - portable, divisible, verifiable, and 24/7 ability to play around with it without 3rd parties getting in the way.   Tongue Tongue

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1560888736
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mindrust
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February 15, 2019, 06:48:12 PM
Merited by JayJuanGee (1)

[edited out]

Your post made me buy another $100 worth of btc today. I am at 4.70 now. Wink

It is true that I am over cautious but I got my reasons. In 2015-2016 my business barely started to make money and everything I got was $25k. Now in hindsight it is easy to tell "You should have gone all in." but it is hard.

It is still hard for me to go all in right now. I don't know why.

I still feel like I have connections to FIAT. It is hard to leave everything behind and go full crypto. Takes courage.

You have to find what works for you, mindrust, and don't let peer pressure force you to do something that you are not ready to do.

It is possible that you need more tools.  I really don't believe in the "all in" approach, but I do believe in analyzing how much you are putting into bitcoin.  Risky, if bitcoin is your only investment, then likely you do have to keep more in fiat to balance that out.

Most traditional investors are recommending in the 1% to 10% into bitcoin versus other kinds of investments, and of course, if you are going on the more risky side of that, you may end up putting way higher amounts into bitcoin and not having other traditional investments, which seems to be gambling too much for me.. but hey, I built my traditional investments before diversifying into bitcoin...

I understand that if you are not starting out with much if any traditional investments, you might be more willing to put a higher percentage into bitcoin and even more leery of possible returns for more traditional investments.  

You got that right. BTC (16%) is my only serious investment.  %5 is in physical gold and the rest of the money sits in a bank account, collecting interest. I can't find any other instrument to invest in right now. Stocks are already overpriced and my whole networth which is $100k isnt really enough to make real estate investments.

In this not very bright picture my biggest chance is btc's expected moonwalk in 2021-2022.

If everything goes right, I'll probably end up with half a million dollars and it is probably enough for me.

Sometimes I am thinking of setting my goal to $1million but then I realize the danger I am in. Changing targets constantly is the most dangerous thing you can do. If you think a bit you'll (not just you but everybody who reads this post) understand.
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February 15, 2019, 06:50:28 PM

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change Proposal : https://cointelegraph.com/news/sec-starts-review-of-nyse-arcas-bitcoin-etf-rule-change-proposal



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February 15, 2019, 06:54:13 PM
Merited by Paashaas (1), micgoossens (1)


By Satoshi Nakamoto

Dedicated to all trolls.

After reading this ....
I will drink a beer. Cool
JayJuanGee
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February 15, 2019, 06:54:21 PM

Aren't patent trolls "losers," even if they make money? 

How so? There is a realistic debate to be had centering on the legitimacy of the concept of patents. But 'winners' and 'losers' are only identifiable as such within the context of the rules of the system. So, no: patent owners are by definition winners. At least to the extent to which others may want to employ the patented idea (i.e., even if they make money).

I think that I already explained my position. If you want to value winners based on their ability to get rich by any means, then you can do that.


By the way, didn't you get the memo, jbreher, that there is a certain level of justified hostility against the use of patents in the open source community underlying the "real" bitcoin..

And again with the complete mischaracterization of nChain's patents. They don't underly the "real" bitcoin (be it BSV, BTC, or BCH). They underly things that can interface with the "real" bitcoin (again, be it BSV, BTC, or BCH). Do you mischaracterize thusly because you are dishonest, or merely because you are ignorant?

By the way, didn't you get the memo, JJG, that 'hostility against' is meaningless in a decentralized, permissionless world?

hm?  Craig is one of the good guys, and he is not a fraudster.  I did not get that memo.

We are either going to believe the bullshit of craig wright or spend time researching into the extent to which shit that he proclaims is true.   Yeah, like I want to spend my time doing that.  For now, I will just be safe to consider him as an attack vector based on behaviors and actions that I have already seen from that nutjob.  I doubt it is a good use of time to try to figure out if there is some kind of possible validity in some of the things that he has done or is in the process of doing.  I will leave that to others, including you, if you want to go hang around with seeming fraudsters like that.
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February 15, 2019, 06:55:47 PM


By Satoshi Nakamoto

Dedicated to all trolls.

After reading this ....
I will drink a beer. Cool

Beste quote in the whole BTC history.....
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February 15, 2019, 06:59:08 PM


By Satoshi Nakamoto

Dedicated to all trolls.

After reading this ....
I will drink a beer. Cool

WAAY better to wear this shirt when talking to no-coiners. My current strategy of anger and violence is not paying off.
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February 15, 2019, 06:59:21 PM

The Virginia Police Department's pension fund is buying into Bitcoin.

https://www.ccn.com/fairfax-virginia-police-pension-why-bitcoin-crypto-bet?utm_source=vuukle&utm_medium=talk_of_town
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February 15, 2019, 07:00:46 PM
Last edit: February 15, 2019, 07:14:54 PM by VB1001



Edit:

Now if it is correct. Grin

A great phrase. Wink

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
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February 15, 2019, 07:12:41 PM
Merited by jojo69 (1)

I'm still lagging some 80 pages, although I do try to keep up whenever I can. I guess that's what you get when life calls.

However, I managed to buy ~1 coin over the past week. That's what matters most!  Grin
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February 15, 2019, 07:13:51 PM

So apparently Trump has declared a national emergency in order to fund the wall. He gets to define what a national emergency is, and forget the 5 billion for the wall, he went with 8 billion.

Top negotiator in teh white house.
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February 15, 2019, 07:22:33 PM

<...>
I still feel like I have connections to FIAT. It is hard to leave everything behind and go full crypto. Takes courage.

I'm aware of some extreme cases that have already done so, but it's not really an option to go full on crypto. Not yet anyway.
Extremities are never good. Take r0ach as an example.
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February 15, 2019, 07:28:04 PM

Lol at talking about a permissionless world and meanwhile believing patents hold merit.

Two different systems, each governing different spheres of activity.

While we don't all get a chance to write the rules, we all must live within them.

And yet these two "systems" are not so separate as you try to make them appear, are they?

I dunno. How similar is a frog to an apple?

Would you be honest enough to criticize Craig, if you knew he was wrong?

Sure. He's already made a lot of bone headed statements already. No, I'm not going to enumerate them.

What's that got to do with the nexus between open source and patents? Or Craig challenging JPM on a patent infringement issue, for that matter? Unless you want to make the claim that nChain has not a patent infringed upon by JPM. Which may be the case- I don't know. But my suspicion is that Craig's claim -- at least in this case -- may indeed be true. He can't simultaneously have a mound of patents (for which core sycophants regularly excoriate him), and not have any patents.

I don't have anything to add to the patent discussion. I just find it curious that you always rush to Craig's defense.
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February 15, 2019, 07:34:11 PM

https://www.coindesk.com/nyse-arca-filing-kicks-off-countdown-for-new-bitcoin-etf

Anyone taking this seriously anymore?

Will an ETF approval make a huge difference at this point anymore? We already seem to be finding other workarounds. Favoritism towards gold is pushing the ETF approval in the first place. People seem to be hoping it will have the same effect for BTC as it did for gold. Bitcoin has zero actual need for an ETF
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February 15, 2019, 07:36:51 PM

https://www.coindesk.com/nyse-arca-filing-kicks-off-countdown-for-new-bitcoin-etf

Anyone taking this seriously anymore?

Will an ETF approval make a huge difference at this point anymore? We already seem to be finding other workarounds.
This will bring nocoiners on board for sure but those who already know bitcoin for them etf approval means nothing. We already know and trust bitcoin.
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February 15, 2019, 07:38:23 PM
Merited by xhomerx10 (1)

You can post your desired pics here for community voting, I guess that will help for you too.

I am still too far for a hat but I always dream I will wear that someday too here.

Gentlemen, what do you think which of these pictures would look better on a hat?

№1                                                                                                                                             

№2

№3



1st one but he needs to have a gun!
What about this picture?


with a BTC logo in the yellow or something, but on avatar maybe to small......?
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February 15, 2019, 07:38:49 PM

https://twitter.com/CaitlinLong_/status/1096482622421659648
1) BOOOOOOOOOOOOM! 3 more #blockchain bills cleared the #Wyoming legislature today & head to @GordonGovernor's desk for signature! The special-purpose depository institution, tokenized corporate stock certificates & Secretary of State blockchain integration bills all passed today

-perhaps Wyoming does exist after all idk
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February 15, 2019, 07:41:05 PM

F*** me GF wanna watch temptation island, most stupid serie/program ever and see want me too watch it as well  Roll Eyes  Roll Eyes  Roll Eyes

will be watching and laptop evening LoL
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February 15, 2019, 07:45:07 PM

F*** me GF wanna watch temptation island, most stupid serie/program ever and see want me too watch it as well  Roll Eyes  Roll Eyes  Roll Eyes

will be watching and laptop evening LoL

Drop acid
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February 15, 2019, 07:45:25 PM

troll of the year
https://twitter.com/realDonaldTrump/status/1096485376087097344
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