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

[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.

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[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

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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.

[Hueristic]

^
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/

The yield provided to BIA customers is generated from institutional borrowers. But despite it being more expensive to lend ETH, Prince said the decision to provide equal interest rates for both BTC and ETH “made sense.”

What kind of sense is this retard talking about?

[bitserve]

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).

Or buy back TOO SOON thinking it is just a DIP and will bounce. It's very hard, almost impossible to ride the ups and downs anywhere near perfectly. And when it happens, there's a lot of luck involved.

[Arriemoller]

Variants of Satoshi's logos, which were presented on Reddit. Which one do you like better?

Since the Latin S is already taken by the US Dollar, I would suggest the runic equivalent ᛋ (Sowilo, sun)  with one of those thingis crossing it. Something like this ᛋ . Doesn't look good here, I know, but maybe someone with actual computer skills could make it more presentable.

[jojo69]

LTC:BTC just keeps ratcheting

[JSRAW]

Thanks again @JJG

~snip~

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

True, That's why I hang out with more intelligent and experienced people so that can pick a thing or two.

~snip~

It's not selling that is difficult, it's buying back at the right time.

Exactly. that's a hard part.

Or buy back TOO SOON thinking it is just a DIP and will bounce. It's very hard, almost impossible to ride the ups and downs anywhere near perfectly. And when it happens, there's a lot of luck involved.

I am guilty of this scenario, not technically bought myself but requested % of salary in BTC when it was around $5k

[Hueristic]

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

well that's alright then

So basically they are stopping collecting data to show this bill doesn't need to be renewed.

The USA Freedom Act of 2015, legislation designed to curtail the federal government's sweeping surveillance of millions of Americans' phone records, is set to expire at the end of year, if the Trump administration doesn't ask Congress to renew its authority to continue the program.

Is this true?

Major US Retailer Ditches Visa – Now Considering Bitcoin’s Lightning Network

https://bitcoinist.com/kroger-smiths-visa-bitcoin-lightning-network/

[Arriemoller]

Next bull run ends between 100k - 300k....

Yes. totally agree, and the new bottom will be 30 000 ish.
My plan is to keep accumulating till the next top and then sell all in increments starting at 100 000 and ending at 300 000 or when I think the top is in, Put that money in a high interest savings account and then buy back after 13-15 months, when the new bottom has formed.
Then rinse and repeat.

[Hueristic]

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.

Congrats!

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.

Hah, beat me to it.

[Lambie Slayer]

https://www.reddit.com/user/rePAN6517

rePAN6517 68 points 9 hours ago
"I don't post a whole lot and I think TA has minimal value, but I see something playing out that to me is incredibly obvious. I'm just one person but I have been wildly successful at trading crypto for 6 years now. Take this for what you will...

I see LTC leading the charge because its halving is only 5 months out. It's obvious. The hype is there and it'll probably continue to outperform BTC until at least the halving. It's pulling BTC along and BTC is only begrudgingly going along with it. That's because BTC is so much bigger and hard to push. But the fundamental driver behind it is clear as day. Halvings are a fundamental economic shifts. I can't stress that enough. ETH just got one too, but it hasn't quite followed the typical pre-halving hype cycle because its reward reduction never had a clear date until basically the last minute and the reward reduction wasn't as big as a normal halving. ETH however will feel the impact over the next 6 months though as the effects start to be felt in the market. Expect ETH to also outperform BTC over the next 6 months.

But once the effects of LTC's halving and ETH's reward reduction start fading later this year, the attention will shift to the 800lb gorilla in the room - BTC. BTC will undoubtedly enter into its halving hype cycle and it will pull alts further up along with it. BTC's halving will be the core event of the next bull-run. Long term bears who are going short in front of halving events are out of their goddamn minds and not seeing the big picture."

[bitserve]

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?