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

[JayJuanGee]

[...] this is not organic.  I want out.

Don't go out too soon. Don't miss that single chance in life....

He is experiencing what I did in 2014-2015. In 2015 I was also super happy for getting out at $1k (I had 2btc btw ) It was a brilliant moment in 2015 when BTC hit $200.  I cashed out at the fucking top.

I was a fucking genius, trading expert, thee master.

...

Then I bought those 2btc for $5k each and I still consider myself lucky. If I ever catch $5k, I'll probably buy another 2. (or might even go all in but that's a bit unlikely)

I guess he'll have to learn by the hard way.

Maybe the current majortiy are right, and i'll propper pissed off with myself if there is the 50k party.    But all the alts,  surely like the dotcom bubble vast numbers of the alt coins need to die.   It's a world of shit with a few diamonds.  And no gaurantees what coins will survie,  im sure there needs to be a mass cull in the next few years.  

Why you dont go incremental? Buy a little here, a little there. If you make a bad decision, it will not affect your entire investment, just a small part of it.

Sometimes gamblers cannot help themselves or recognize their addiction to betting BIG.

[AlcoHoDL]

via Imgflip Meme Generator

[jonoiv]

For good, you say?

Me too, got wiped out on a leveraged trade already.

I'm out. for good

Muahaha beartroll caught red-handed #2 

Lols

as already explained to this thread several times. if you care to read my other posts.  I had a very small amount left that i invested in Siacoin and Reddcoin and a few other alts.  made 4000% and then started trading again. 

[lightfoot]

Wait, did it go over 9000?

THAT'S IMPOSSIBLE!

[jonoiv]

  But all the alts,  surely like the dotcom bubble vast numbers of the alt coins need to die.   It's a world of shit with a few diamonds.  And no gaurantees what coins will survie,  im sure there needs to be a mass cull in the next few years.  

Yeah right.  

A lot of us BTC hodlers wish that a lot of the altcoins will die, and many of us, just like you, recognize that almost all of them are overinflated and scams, but if you are betting your BTC stash on some kind of rationality or some kind of purging of shit that "must happen" then you are failing/refusing to accept a decent amount of the irrational reality of the world in which we live.

In this regard, you may be completely logically correct, but you are ignoring actual momentum and other phenomena that affect BTC prices, beyond logic (and beyond simple one cause explanations).

I just refuse to see the simple path to 50k that everone else it seems to see as quite the easy ride.  I honestly belive 2020 and the rest of 2019 will be the cull years. where countless coins are wiped out, and I honestly think it needs to happen.  

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

If you're correct i will bow down, say sorry you were right,  Im not too proud to admit when im wrong.   But im convinced this pump is a scam, or at least an effort to avoid a long bear market.  I don't buy the "new money" argument.

[fabiorem]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

[toknormal]

I don't buy the "new money" argument.

Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.

[marcus_of_augustus]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

[Hueristic]

[edited out]

and you like to uptalk the price, im saying the oppersite?  what's your point?  That oppinions are only vailid if they match yours?

You have a skewed interpretation of my posts if you conclude that I am "uptalking the price." 

Just to repeat a bit of my overall thinking about BTC and short term price moves, yeah of course, I remain long-term optimistic and bullish about bitcoin, but rarely do I claim to have any high level of confidence regarding the short term price direction of BTC that goes beyond 55% or 60% if I am feeling really confident.  So, even if I express some confidence and I suggest a 60% chance of some short term move, there remains a 40% chance, in my own thinking, that it won't play out as I believe.

Furthermore, I have disclosed on a large number of occasions that I have a system of incremental selling of BTC on the way up and buying of BTC on the way down.  Yeah, I might tweak my system here and there based on short-term anticipations, but from an overall perspective, my tweaking of my orders (increments or amounts) remain very minor in the whole scheme of things, and really I am too chicken shit to make BIG bets. 

I can only recall one time that I sold a decently large amount of BTC (I think that it was around 10% when the August 2016 announcement of the Bitfinex "hack" was made) .. and such a sale of about 10% of my BTC stash scared me half to death.. and I was nervous for a very long time until I bought back within less than 24 hours... I don't even think I could sleep on it.  So, in that situation, I learned a lesson that I was not really psychologically tolerant of making such BIG moves and/or gambling with my BTC stash in such a seemingly BIG way.

Anywho, part of my point is that it seems much more coherent to me to appreciate folks who are valuing their wealth in BTC rather than valuing in dollars, which you seem to be doing with your short term gambling plays that don't seem to work out too well and from my perspective seem to be excessively risky and evidentially (from your own behavior) seem to lead to too much emotional attachment incorporated into your BTC trading/investing strategy.

Although I agree with your post I just wanted to say STFU!

Apparently this thread is flying too fast to ever catch up so I better say that within the defined timeframe.

Wait, did it go over 9000?

THAT'S IMPOSSIBLE!

I think thats why I have 30 fucking pages to go through.

[Toxic2040]

Good morning everyone.

Vegeta has been breached. Gather your forces and consolidate..the assault continues.

Buy the dips.

1h


4h


D

#stronghands'19

[Toxic2040]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

Harsh but true.

+1 WOsMerit     


..still, a gentlemen should never lose compassion for a fellow hodler no matter the circumstances.

[mindrust]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

Not just that,

Altcoins have fake volume. If it is not fake it is tiny compared to bitcoin's. You'll probably be able to cash your $1m out on LTC for example (it won't be easy and also depends on the exchange's liquidity&activity ) but you'll definitely crash the market and won't able to find real buyers when you try it on some other shitcoin (like Verge?) without any real liquidity.

BTC on the other hand, is the king of liquidity. You can cash out your position at any time and there will always be people who'll be willing to buy your stacks.

That's not the case with alts. Most trades you see on the exchanges are bots trading to each other. When a real buyer/seller arrives their orders suddenly disappear. Make $1m on Verge and try to get your money and see what happens. (hint: you won't get shit)

[jonoiv]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  

[jonoiv]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

 
Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population.  Every person that has ever brough any cryptocurrency is a gambler.

[jonoiv]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

 
Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population.  Every person that has ever brough any cryptocurrency is a gambler.

Bullshit, it's not gambling it's speculation.

semantics

[Toxic2040]

(57 posts by 15 users deleted.)


...interesting.



*edit

p.s.  grats @jojo..yoink!

[fabiorem]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  

I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin.

Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though.

[jonoiv]

I don't buy the "new money" argument.

Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.

i'll take a look tonight.  thanks

[Last of the V8s]

the devs hold 85% of the siacoin ... because of things

[jonoiv]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  

I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin.

Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though.

If somehow Siacoin or one of the other storage alt made a coin that was not only capable of storage but to make an entirely decentralised internet and the space used for hosting, then that would get my attention.  No idea if it's even possible.  Kind of like Siacoin meets namecoin on a decentralised cryptographic TOR... second thoughts it's probably a bad idea, and will be used by the wrong people.