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

[jbreher]

Bitcoin Transaction Volume Nears All-Time-Highs Despite Gloomy Market Conditions

Careful what you wish for. How much further can it grow before 'chapaign' [sic] induced autoerotic asphyxiation?

[1714167007]

1714167007

[bitcoinPsycho]

Bitcoin Transaction Volume Nears All-Time-Highs Despite Gloomy Market Conditions

Careful what you wish for. How much further can it grow before 'chapaign' [sic] induced autoerotic asphyxiation?

One word .... lightning...

[JayJuanGee]

There is a certain probability that the hard won $3700 resistance a week ago, turns out to be a solid support from now on. At least it held yesterday, which is a good sign. If this is so, we are definitely forming the next bull market with higher lows: 3100->3300->3700. And if the bulls hold this line, then soon everyone will be convinced that 2018 bear market was just a small hindrance that will be overcome really fast. Otherwise, we will have to endure the pains of 2015 pattern and have multiple bounces of $3300 area. Anyway, the time for accumulation cheap coins will be less than a year.

Many peeps don't realize it but everything below the previous ATH is cheap. My prediction is 6k by summer, 10-15k fall and at least 40k in December 2019 so yes you only have some 8-10 months to stock up.

40K this year? Not gonna happen.

Why do you think so? If we won't reach 40k I'll get a bit worried about Mr. McAffee's ummm private parts... 

Fuck McAfee.  You cannot base your view of the world on such a nutjob, and he has more than 90% chance of losing that bet.. which is either going to show him as 1) the hypocrite that he is, 2) a dumbass for making such a high personal cost bet, 3) or a crazy person if he actual follows through with such a unnecessary drama queen move.. and yeah, he would literally become a queen at that point, if he is that stupid to actually carry it out.

[CryptoNeed]

There is a certain probability that the hard won $3700 resistance a week ago, turns out to be a solid support from now on. At least it held yesterday, which is a good sign. If this is so, we are definitely forming the next bull market with higher lows: 3100->3300->3700. And if the bulls hold this line, then soon everyone will be convinced that 2018 bear market was just a small hindrance that will be overcome really fast. Otherwise, we will have to endure the pains of 2015 pattern and have multiple bounces of $3300 area. Anyway, the time for accumulation cheap coins will be less than a year.

Many peeps don't realize it but everything below the previous ATH is cheap. My prediction is 6k by summer, 10-15k fall and at least 40k in December 2019 so yes you only have some 8-10 months to stock up.

40K this year? Not gonna happen.

Why do you think so? If we won't reach 40k I'll get a bit worried about Mr. McAffee's ummm private parts... 

Fuck McAfee.  You cannot base your view of the world on such a nutjob, and he has more than 90% chance of losing that bet.. which is either going to show him as 1) the hypocrite that he is, 2) a dumbass for making such a high personal cost bet, 3) or a crazy person if he actual follows through with such a unnecessary drama queen move.. and yeah, he would literally become a queen at that point, if he is that stupid to actually carry it out.

He will just buy 1BTC for $1m from someone whatever the actual price of BTC is. This way he can tell everybody that 1BTC is worth $1m ... for him.

[jbreher]

Episode 2 of the seastead docudrama.

https://www.youtube.com/watch?v=c83TiSJ6sfA

You even get a glimpse of the interior of the seastead.

Everyone keeps requesting we show them video of the inside but neither Nadia nor I are clean freaks so cleaning has not been a priority yet. No guests means nobody to judge.

Ooh boy! A Cliffhanger!

Points for 'middle finger to oppressors'.

[jojo69]

Fuck McAfee.  You cannot base your view of the world on such a nutjob

oh, but I can

[jbreher]

BlockFi looks to boost market with launch of high-interest accounts​.

New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.

https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/

Well that's audacious.

How the hell can something like that be sustainable?

[Toxic2040]

Bitcoin Transaction Volume Nears All-Time-Highs Despite Gloomy Market Conditions

Careful what you wish for. How much further can it grow before 'chapaign' [sic] induced autoerotic asphyxiation?

Begone with you bear..thou art banished once again.



---------
bitcoin

Good Morning all.

The price of a bitcoin has rallied back above $3.8k as volumes roar upwards. We are currently testing resistance at the 0.382 fib and looking for support for the next rung up on the ladder. #dyor
1h


D

#stronghands'19

[Globb0]

BlockFi looks to boost market with launch of high-interest accounts​.

New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.

https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/

Well that's audacious.

How the hell can something like that be sustainable?

Say if they lend it out at 20%

[VB1001]

^^^
I do not know, it's hard to believe, it seems like a risky bet.

[Globb0]

Well, they borrowed it from you for 6%

[JayJuanGee]

In all predictions and TA popping out in all twitter feed.

Noobs like me get confused easily. I don't have much knowledge about TA.

No one can be so sure when the bull run comes.

Having said that all we can do is get ready no matter if it comes this year, or 2020 or even 2021.

Keep filling your little bags according to your pockets and enjoy life with your family.

And Keep sharing funny memes here.

My advice - don't trust anyone. Read, listen, analyze but remain skeptical a bit. And the main thing: HODL!  

Thanks, yup that's what I try to implement.

Plus

HODL + unload stash on right time

Define "right time"?  You know it when you see it?  Is that what you mean?   

[jbreher]

Bitcoin Transaction Volume Nears All-Time-Highs Despite Gloomy Market Conditions

Careful what you wish for. How much further can it grow before 'chapaign' [sic] induced autoerotic asphyxiation?

One word .... lightning...

And again - if there's no room in the blocks to open a channel...

[LFC_Bitcoin]

^
Great job.

BlockFi looks to boost market with launch of high-interest accounts​.

New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.

https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/

Wouldn’t interest me, don’t trust anybody with my bitcoin’s plus how does 6% work?
6% on the price of 1BTC at the time you lend it or as the year goes on?

You could lend them 1BTC at $3,800 with 6% annual interest but not looking so cool if we hit over $6,000 within 12 months.

Leave me out regardless.

[jbreher]

Fuck McAfee.  .. and yeah, he would literally become a queen at that point,

I don't care who ya are - that there's funny.

While I don't agree with the bulk of your post, coffee on the monitor gets a merit. Rules is rules.

[Olegya199]

[jbreher]

BlockFi looks to boost market with launch of high-interest accounts​.

New York lending firm BlockFi announced Tuesday it is launching a crypto savings account with 6 percent annual interest, payable monthly in bitcoin or ether.

https://www.theblockcrypto.com/2019/03/05/crypto-cash-back-blockfi-looks-to-boost-market-with-launch-of-high-interest-accounts%E2%80%8B/

Well that's audacious.

How the hell can something like that be sustainable?

Say if they lend it out at 20%

Yeah, that was pirate@40's claimed biz model. Again: unsustainable.

As someone pointed out above: Not yo keys, not yo bitcoin.

[LFC_Bitcoin]

Brilliant

[Last of the V8s]

https://www.newsbtc.com/2019/03/05/twitters-dorsey-buying-10000-bitcoin-each-week-bullish/
every little helps, thanks jack
maybe the bottom is in
https://www.instagram.com/p/Bm3mqZcHTlA/
https://www.instagram.com/p/BefBM8gHixy/

[JayJuanGee]

It just dawned on me that if the next high is say 260k as some punters suggest, then the next low after that could be omg -90% = 26k which frankly still seems like a shedload.

I won't be 'cashing out' or selling anything during that whole period because I've got everything I need.

I will be staying on here though even as old WObros slip away to Chile or Mexico or projects or prison as in previous cycles, because there will be an ever larger need for education, for clarity and for unity.

Things are going to get much much tougher when Coppola and Roubini run out of simplistic attacks like 'oh it crashed' and new attacks get formulated; and this is about all I've got to offer in help; my presence, a tiny bit of knowledge, a chunk of certainty and some courage.

To be practical, you gotta start cashing out at some time.  You are not going to live forever... and we saw your pic, you are at least in your upper 50s....

You are HODLing satoshi's to pass on to someone else, who likely would not appreciate those satoshi's as much as you?

I will just say that personally, I already have a pretty decent cashflow, too, and even a decent projected cashflow (without even including BTC in that); however, I am thinking that at some point within the next 4-10 years, I am just going to establish a plan in which I cash out of BTC at around 4% per year.. which will probably NOT be dependent on BTC price... which would be cashing out about 1% per quarter...  and I suppose that I could be a little bit strategic about those cashing outs too, perhaps?

I am also going to have to find something that I want to buy with it, which I am sure that I will figure something out.  Not a bad problem to have... Anyhow, if I see that death (or incapacity) might be coming sooner than I would hope, then I may increase my cashing out beyond 1% per quarter in order to cut into principle.  Play some of those cashing out details by ear, but I cannot really consider a plan to HODL for an indefinite time to be reasonable, either, unless I were in my 20s or 30s, then it might be a bit more practical.. but even then, if the value becomes high enough, then it starts to seem prudent to have  developed a kind of cashing out plan.. and a cashing out of around 4% per year would likely NOT dig into principle, anyhow.