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

[d_eddie]

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?

They can do what they like with their own coin, can't they? Including closing shop when things get clumsy.
Your coin, you say? Not yours anymore since you gave up your keys.

Right, but I am afraid that services like this would proliferate soon.
People hope against reason to consume without selling their btc.
I expect bakkt to do something similar.

Yes, indeed. However, I hope bakkt would have more to lose if they pull a runner - more collateral, more intangibles.

[JayJuanGee]

Oh wow, I get uncomfortable accepting congrats to be honest. I get a bit embarrassed. Thanks to everybody who put me in their custom trust list. I guess this means you’re now DT2? I have you in my trust list mate.

I will go to my grave without a fucking clue about how this trust shite works or makes the world a better place. I would not be capable of comprehending it even if you stuck in me in Cerebro with a Ritalin dildo up me.

It seems to me that it is a bit of a whole different world of forum activities.  Trading with other members, or participating in signature campaigns (especially managers) and offering ICOs etc. Offering or buying goods and services (items of value, besides pure information), seems to be the most applicable use of trust - and therefore positive and negative feedback will come from those kinds of interactions.

For many of us, we participate in the forum in order to merely provide, share and brainstorm concerning our BTC or other crypto-related ideas, so it seems in those circumstances, DT is NOT going to be as relevant, and perhaps merit is important, or merely just the soundness of the shared ideas themselves. 

If we are merely in the sharing of BTC/crypto information business, then we are NOT really prejudiced in regards to DT even if we rarely participate in it -- yet every once in a while, if we were to be posting deceptive nonsense on a regular basis, then we increase our likelihood to get red tagged by someone who has gained trust in the current DT system.

Since theymos made the couple of months ago changes to the DT system, I thought that I should study into it a bit more (especially since I am a pretty active member for just passing 5 years now), and at least, I did the minimum, of creating my own custom trust list - even though I am still considering whether I may need to tweak such trust list a bit based on some of the ongoing discussion of the changes in the significance of such custom trust list including voting power considerations, too.

[vapourminer]

Oh wow, I get uncomfortable accepting congrats to be honest. I get a bit embarrassed. Thanks to everybody who put me in their custom trust list. I guess this means you’re now DT2? I have you in my trust list mate.

I will go to my grave without a fucking clue about how this trust shite works or makes the world a better place. I would not be capable of comprehending it even if you stuck in me in Cerebro with a Ritalin dildo up me.

[...] buying goods [...]

yup only use ive had for it is when ive bought hardware from a forum member.

even then using escrow is best, unless of course youre buying goods from a respected escrow person to begin with.

[JayJuanGee]

Yeah, but I have never eaten bear before, so maybe that is part of the reason that I am having difficulties appreciating the current situation.  

I wonder:  In order to attempt to understand moar better, do I need to go shopping for bear meat?

People on reddit marinate it in beer before roasting, for a better taste and softer meat I suppose.

Hahahahaha

I would not exactly categorize "root beer" as the kind of beer that I was thinking about when you had mentioned "beer market." That is like a PG-13 kind of "beer".   

[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?   

I am not much experienced as you guys are in this matter or any investment per se, As a matter of fact, Investing in crypto is my first ever investment and I witnessed only one bull run.

But can share my experience and its just my opinion. right or wrong its another debate.

"When someone portfolio gets bigger overnight by luck and it outnumbers his-her 5years earning." unleash the Kraken

Personally, I think that you need a better plan than that, and perhaps your plan might work out, yet sometimes people will regret selling way too much BTC way too early.  What I mean is that you should attempt to project ahead a bit of scenarios in which you are selling, and better that you do not sell 100%, but instead maybe 10% at each level or maybe some other percentage that is comfortable for you.  Even selling 33% at various levels could be reasonable, too because it at least leaves you with some BTC in case the price keeps going UP way beyond your earlier expectations.

[bones261]

ooh congrats to bones and LFC for becoming default trust members
we call you Sir now?
https://bitcointalk.org/index.php?topic=5117330.0

No need to call me sir. But thanks for the congratulations. I just had one of my fans open up a thread about me in reputation. My fan even gave me a rave review and thinks I'm like delectable horse apples.

[vapourminer]

ooh congrats to bones and LFC for becoming default trust members
we call you Sir now?
https://bitcointalk.org/index.php?topic=5117330.0

No need to call me sir. But thanks for the congratulations. I just had one of my fans open up a thread about me in reputation. My fan even gave me a rave review and thinks I'm like delectable horse apples.

err wait, im now thinking maybe "default trust" isnt what i think it is..

if im wrong i dont think i wanna know either.

[Syke]

What I mean is that you should attempt to project ahead a bit of scenarios in which you are selling, and better that you do not sell 100%, but instead maybe 10% at each level or maybe some other percentage that is comfortable for you.  Even selling 33% at various levels could be reasonable, too because it at least leaves you with some BTC in case the price keeps going UP way beyond your earlier expectations.

Right. Never go full fiat.

[JSRAW]

~snip~

Personally, I think that you need a better plan than that, and perhaps your plan might work out, yet sometimes people will regret selling way too much BTC way too early.  What I mean is that you should attempt to project ahead a bit of scenarios in which you are selling, and better that you do not sell 100%, but instead maybe 10% at each level or maybe some other percentage that is comfortable for you.  Even selling 33% at various levels could be reasonable, too because it at least leaves you with some BTC in case the price keeps going UP way beyond your earlier expectations.

Thanks, Agreed and I too think that a strategy should change according to time or situation.

Like I mentioned a couple of time here that I was very new and it was panic sell from my side.

But now when I look back. It turns out a good call. Because of panic or some luck, I sold my 80% portfolio at ATH.

I am still learning, slowly but I am much informed and prepared now in comparison of last year.

[mirakal]

News Flash!

BTC dumped -5% now, what's the reason behind?

[xhomerx10]

News Flash!

BTC dumped -5% now, what's the reason behind?

 Pretty obvious.  Jimbo arrived in Canada dumped a pile of bitcoin and caught the next flight out.

[mirakal]

News Flash!

BTC dumped -5% now, what's the reason behind?

 Pretty obvious.  Jimbo arrived in Canada dumped a pile of bitcoin and caught the next flight out.

Coinmarketcap summary of coins acting weird, only BTC was down but when I check on exchanges, it's trading $3,800+ 

[smartcomet]

https://twitter.com/ObiWanKenoBit/status/1102616456427003905

1/Bitcoin, Healthcare and You

Bitcoin not only radically changes our relationship with money but can repair markets distorted by fiat.  This thread explores how Bitcoin transforms healthcare from serving insurance companies & their cronies to one that puts you first. Read on

.
.
.

30/With a Bitcoin based monetary system and correlating realignment of markets, patients pay providers directly and develop an economic relationship that is unsullied by rent seeking entities such as billing & insurance companies.

[AlexGR]

News Flash!

BTC dumped -5% now, what's the reason behind?

Thought I was the only one seeing this... coinmarketcap has btc at 3500 while all the exchanges on its list have it 3800+, bitfinex currently at 3920 etc.

[mirakal]

News Flash!

BTC dumped -5% now, what's the reason behind?

Thought I was the only one seeing this... coinmarketcap has btc at 3500 while all the exchanges on its list have it 3800+, bitfinex currently at 3920 etc.

I was surprised seeing that, cried a bit but when I checked it was just an error from the site.
The daily overall volume was also crazy, it's $50 billion.

Don't know when it will be fix.

[JayJuanGee]

~snip~

Personally, I think that you need a better plan than that, and perhaps your plan might work out, yet sometimes people will regret selling way too much BTC way too early.  What I mean is that you should attempt to project ahead a bit of scenarios in which you are selling, and better that you do not sell 100%, but instead maybe 10% at each level or maybe some other percentage that is comfortable for you.  Even selling 33% at various levels could be reasonable, too because it at least leaves you with some BTC in case the price keeps going UP way beyond your earlier expectations.

Thanks, Agreed and I too think that a strategy should change according to time or situation.

Oh yeah.. for sure.  There is both a time component and a price performance component.  Any of can feel much better if we are attempting to play within a kind of plan rather than off the seat of our pants.  Having a plan should not confine you from having to follow through with the plan, but having a plan causes you a certain amount of introspection that any spontaneous tweak to your plan would end up being much more reasonable than if you never had a plan at all.  Practicing any plan is one of the best tests to learn about yourself, especially if you are ready, willing and able to engage in self-learning.

Like I mentioned a couple of time here that I was very new and it was panic sell from my side.

Well, if you are new, then even more important to create a plan and even more likely that you will change your plan several times. 

With the passage of time, you have less and less newness stature, especially in this bitcoin and crypto scene when people with less than a year's experience begin to hold themselves out as an expert, and pretty soon you realize that you have more experience, in some areas, than another person who is holding himself/herself out as an expert.

But now when I look back. It turns out a good call. Because of panic or some luck, I sold my 80% portfolio at ATH.

I don't know if it is modest for me to claim credit for my mom; however, when BTC prices were in their $200s, I kept talking to my mom about having a plan, and especially, telling her that she needs to be prepared for fast price movements.  She listened to me some, but she also spent a considerable amount of time both experimenting on her own and poo-pooing some of my plan creation suggestions.  I claim some credit in her decisions that resulted in her shaving off decent amounts of profits at various price points, but also keeping a decently sized stake in the BTC game.

My dad on the other hand, did not buy any BTC, but talked about selling all the way up from $1k to $19k and then back down to present price, he is still talking about selling, and if were not for my mom, he would not have been able to receive a modestly priced new boat that was paid in full from my mom's less than $400 cost basis BTC with about 4 BTCs that were sold in the $14k price arena.  With that one purchase, she sold way more than the value of her initial investment that had never really gone too far above 20 BTCs, and she still has nearly 15 BTC that are nearly completely house money.. besides the psychological pressure of living through an 80% fall of their value (that will hopefully recover in the coming years).

I am still learning, slowly but I am much informed and prepared now in comparison of last year.

The main things remain self-reflection and a willingness to tweak your approach based on (hopefully) ongoing learning.

[jojo69]

https://www.cnet.com/news/controversial-nsa-phone-data-collection-program-shut-down-aide-says/

well that's alright then

sure they are 

[Elwar]

News Flash!

BTC dumped -5% now, what's the reason behind?

Thought I was the only one seeing this... coinmarketcap has btc at 3500 while all the exchanges on its list have it 3800+, bitfinex currently at 3920 etc.

I was surprised seeing that, cried a bit but when I checked it was just an error from the site.
The daily overall volume was also crazy, it's $50 billion.

Don't know when it will be fix.

Ya, I just sold $50 billion worth of bitcoins to the coinmarketcap website. He said I should get my money in the mail in about a week. Probably why the price is down there.

[Biodom]

But now when I look back. It turns out a good call. Because of panic or some luck, I sold my 80% portfolio at ATH.

I am still learning, slowly but I am much informed and prepared now in comparison of last year.

It's not selling that is difficult, it's buying back at the right time.
A few could do it repeatedly.
Usually, investors would not buy back a sold position even when the opportunity presents itself, and I am guilty of this myself (mostly in stocks).

[mirakal]

News Flash!

BTC dumped -5% now, what's the reason behind?

Thought I was the only one seeing this... coinmarketcap has btc at 3500 while all the exchanges on its list have it 3800+, bitfinex currently at 3920 etc.

I was surprised seeing that, cried a bit but when I checked it was just an error from the site.
The daily overall volume was also crazy, it's $50 billion.

Don't know when it will be fix.

Ya, I just sold $50 billion worth of bitcoins to the coinmarketcap website. He said I should get my money in the mail in about a week. Probably why the price is down there.

Haha, price back up to normal now.

They fix the site, probably they are watching us here.