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

[Paashaas]

By the way, are you watching England vs Netherlands?

It's 1 - 0 for England and 5 minutes left for the half time.

Ending with a 3-1 loss against the Netherlands. 

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[nutildah]

Wow! Polo clipped 16% from every btc lending account because of a margin loss in some altcoin.
https://www.reddit.com/r/Bitcoin/comments/bxkd6o/poloniex_btc_margin_lending_pool_losses/

That's plain nuts. I don't know how people could keep using Poloniex after that. Clams has always been a Grade B Shitcoin. Its biggest claim to fame is when John Oliver mocked it because of its name one time in a segment about cryptocurrencies.

Obviously they are betting they can get away with it legally-speaking, but I definitely wouldn't revisit them after this.

[JayJuanGee]

I would say 100% chance we'll see 100k+ prices in 24 months.

That's ridiculous.

There is no 100% chance of anything in the future, especially referring to 24 months down the road.

Hopefully, you are not planning your life around such odds, or making similar kinds of outrageous bets.

I would say 100% chance we'll see 100k+ prices in 24 months.

I don't think you know what 100% is... We can't even say the Earth will exist in 24 month with a 100% certainty...

That's kind of what I was trying to say.

I would say 100% chance we'll see 100k+ prices in 24 months.

I think it’s very likely yeah. It better be to be honest, I’ve got lots of projects & ideas that a few mill would be very good for

I’m getting bored of dealing with dumb ass female shopping customers online every day.

Hopefully, you are not betting anywhere close to 100%. and even betting greater than  80% would be crazy in my thinking... but hey, each person has his/her own risk-taking tolerance.

[Biodom]

Wow! Polo clipped 16% from every btc lending account because of a margin loss in some altcoin.
https://www.reddit.com/r/Bitcoin/comments/bxkd6o/poloniex_btc_margin_lending_pool_losses/

That's plain nuts. I don't know how people could keep using Poloniex after that. Clams has always been a Grade B Shitcoin. Its biggest claim to fame is when John Oliver mocked it because of its name one time in a segment about cryptocurrencies.

Obviously they are betting they can get away with it legally-speaking, but I definitely wouldn't revisit them after this.

I guess using != lending.
Lenders going forward might not exist (on this platform).

[xhomerx10]

^^^
Btw

An HAT update for spaceman could look awesome witheout white and with 3D   

 Another day, another mind-boggling adventure.



 avatar-sized

[JayJuanGee]

You simply cannot time any top. (Traders confident in their own systems may disagree.) If you insist on selling some bitcoin , you have to set scaled asks.
No doubt JJG can tell us more. Much more.

No need to repeat myself.

You seem to have GOTS the ideaeeer, V8.      I believe in converting one peep at a time.

I smiled a tiny bit at the highlighted.
You've not coverted me.
Ain't selling at 100k, 260k or 260 mil.
gtfoh with that fiat nonsense, it's over.

You must already be independently wealthy or something then.

I recall seeing your pic, and you seem to be in the neighborhood of my own age, and I would imagine that you have realized by now that you are NOT going to live forever... Accordingly, you gotta have some cashing out plans.

Anyhow, I feel that you are baiting me into a longer response when I had said my piece... ... but I cannot resist, at the moment...

o.k... here goes:

Currently, I consider myself in a kind of BTC maintenance zone.  In the late 2013 to early 2017 period, I was in a kind of accumulation mode.  Of course,  I feel that I did my initial accumulation by the end of 2014 - however, through 2015, 2016 and the very early part of 2017, I would still get nervous, from time to time, as if I had not accumulated enough BTC--- but I believe by the time mid-2017 arrived, and perhaps due to the ongoing upwards BTC price movements, I became less nervous about how much BTC I had - with a bit of comfort that I had accumulated enough.... don't get me wrong, I still buy on dips and sell small amounts on the way up, and even though my strategy seems to result in a decent amount of additional accumulation, I largely categorize that practice as maintenance, rather than accumulation.

What I believe should be similar to me, you and anyone else who has been in bitcoin for a decent amount of time, while only having a limited number of additional years on this planet (don't give me any of this techno-life extension bullshit), we have to start to plan to spend our bitcoins.  Sure maybe we could still retain a certain amount of bitcoin because in most circumstances, we are not going to know our exact time line - unless we plan on suicide or something...

Anyhow, within the next few years, I am going to start to employ a kind of forced cashing out practice... to cash out about 1% of the value of my stash every quarter.  My cashing out plan is largely price agnostic... except maybe I could have a side exception that I will not cash out any BTC so long as the BTC price is less than $5k.. or something like that... otherwise, I will begin to cash out 1% of my BTC value every single quarter.. and use that cashed out value to add additional luxury to my life  (beyond what I already consider to be a relatively decent standard of living that I enjoy). I feel lucky, but I cannot imagine NOT spending or enjoying the decently vast amount of wealth that I accumulated - especially the bitcoin part of that, and the considerable appreciation of that part of my investments.

[JayJuanGee]

Sure it might seem futile if [you are] comparing himself to other WO members or even the hypothetical bitcoin holdings of other WO members (who are largely quasi-fictitional avatars)

<-- quasi-fictional avatar

The Schroedinger event may or may not be the $100K party. Only one way to find out.

I've acquired an actual, IRL jbreher photo. It's a violation of his personal privacy and secops, but who cares?

You should be reported for doxxing that bear, even though that is quite a respectable and impressive jbreher selfie pose.

[JayJuanGee]

A little shocked you guys might think I was condoning bringing sand to the beach. Perhaps we should make it a no GF/wife allowed party......

Hmmm. Some married couples are in the thing together through thick and thin. Which one is the Bitcoiner? No single answer to that question.

hahahaha

That might explain your bcash schism...


OMG....

[VB1001]

Presently the market price of BTC has outstripped organic investor flow unseen since the bull market mania phases of 2013 and 2017.
Never before have we seen such a divergence so early in the bull market.

https://twitter.com/woonomic/status/1136452721769193472

Good Morning WO,s

[HairyMaclairy]

I have come around to the view that NVT is not particularly useful as a metric.  It doesn’t help that he has already reformulated it once to try to fit 2018/19 data.

Everyone wants to buy the dammed dip, which is why we are currently not having one. 

[VB1001]

Stock to Flow Periodic Table

Bitcoin analyst, planB, is well known for his predictions based on the stock-to-flow (S2F) model. This is based on bitcoin (like gold) having an intrinsic value due to its scarcity of supply. The capped amount at 21 million, coupled with the regular halving of its emission, leads to an increasing scarcity of supply.

https://bitcoinist.com/bitcoin-stock-to-flow-targets-100-trillion-surpassing-gold/

Yesterday I posted some graphics on this, but this Bitcoinist article makes a correct summary.
https://bitcointalk.org/index.php?topic=178336.msg51372225#msg51372225

[Biodom]

Stock to Flow Periodic Table

Bitcoin analyst, planB, is well known for his predictions based on the stock-to-flow (S2F) model. This is based on bitcoin (like gold) having an intrinsic value due to its scarcity of supply. The capped amount at 21 million, coupled with the regular halving of its emission, leads to an increasing scarcity of supply.

https://bitcoinist.com/bitcoin-stock-to-flow-targets-100-trillion-surpassing-gold/

...this Bitcoinist article makes a correct summary.

Ahem, this article is full of errors in arithmetic (graphs might be OK).
For example this:

$100 trillion is so much, that if you stashed away just one satoshi today, you would be a millionaire.

1sat is 1/100000000 of btc. If all btc is 100 tril, then 1 btc is about $5 mil (slighly less, of course).
$5mil/100mil satoshis (in btc)=5c/satoshi
5c is certainly MUCH less than a million (a.k.a you won't be a millionaire on one satoshi, lol).
He also says:

2 BTC would be the value of all of the currently existing paper money in the world.

with all btc being 100 tril, 2 btc would be $10 million.
Do we have $10 mil paper currency in the world?

[JayJuanGee]

She does not want to go down....


Boom!!!!! 

[jbreher]

Pro.Coinbase.com is pumping. $100 up in two minutes.

[HairyMaclairy]

Heh. I was just logging in to say that it’s a ridiculously tight trading band, and it needs to break one way or another, probably up.  And there it goes.

[Phil_S]

All aboard!

[fillippone]

All aboard!

CCMF!

This thread ruined my life.
I cannot see a train IRL without chanting “CCMF!” in my head! Without any other present knowing what happens in my brain....

[Phil_S]

As long as it stays in your head... nothing to worry about. 

[El duderino_]

[fillippone]

As long as it stays in your head... nothing to worry about. 

Actually most of the time stays in my head, not every time, Phil.