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

[fillippone]

Bitcoin works as Satoshi meant to:

60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments

A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain.

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking,” said Bitex Chief Marketing Officer Manuel Beaudroit.

Bantotal is a core banking service provider based in Uruguay that services over 60 different financial institutions across 14 different countries. According to a Bantotal spokesperson, an estimated 20 million people use Bantotal’s money management services.

This is a good news on the day when Barclays cut his services to Coinbase.

[nutildah]

"Shit runs downhill", 2019 bull season edition.

I don't get it. Why do all lines converge at 1.00 on the "performance" axis? As was pointed out in a twitter comment beneath this tweet, "Shouldn’t this be normalized where all alts start at the same point to the left?"

Though its clear the majority of the coins are above the axis, meaning they have fallen relative to BTC, it gives a weird impression.

[ivomm]

Wow, what a 10% crash!   Is that the reaction the bears were hoping for? Because nobody cares.  The bull mood hasn't changed. Even alts are gaining related to BTC, which is a bullish sign. So, if a few organized bears drop 100K BTC on various exchanges for a day, it is their loss only. By now even the new kids heard about the coming halving, so nobody is thinking of selling.  277 days only, so BTFD!

I almost regret spending $800 on my vacation, but on the other hand I skipped last year and was buying like crazy.   I will continue to convert my salary by instant buying. Hopefully I will be able to buy with about $600-800 at the end of the month. I noticed a post here of some thought from twitter, that times has changed and now hodlers keep as much fiat as they are ready to lose. So true, especially regarding the credit cards and deposits in shitty banks in shitty countries!  

Currently Argentina is an expample of a hyperinflation, where Bitcoin has a 10% premium. 2-3 decades ago my country had a horrible hyperinflation. Our savings were completely annihilated by it. The banks were tempting by very high interests, but the local currency lost 98% of its value to the $ in  3 months. And the salaries dropped to 3-4$ per month. Not that now they are especially high - the average salary is $800 per month. So more and more people decide to withdraw from the banks their savings and buy and hodl bitcoins. The banks are scared and some of them don't allow transfers to and from all crypto exchanges. Fortunately, there are several banks that still allow it. But it is better to be your own bank by storing your coins on HW or other ultra secure way.  Considering some deposits require 5 years before withdrawing, with 1% interest, imagine what will be the price of Bitcoin in 5 years. There will be 2 halvings by then. 50K, even 100K, doesn't look so impressive, right? Who knows, by then Bitcoin may be chasing the gold's cap.   And if you keep only 2.5 BTC, you will be a millionaire then.

[fillippone]

"Shit runs downhill", 2019 bull season edition.

I don't get it. Why do all lines converge at 1.00 on the "performance" axis? As was pointed out in a twitter comment beneath this tweet, "Shouldn’t this be normalized where all alts start at the same point to the left?"

Though its clear the majority of the coins are above the axis, meaning they have fallen relative to BTC, it gives a weird impression.

I think this is the worst graph I ever saw.
Ever, not only bitcoin related.
Textbook example of how NOT to draw a graph.

Probably the author (and VB001) wanted to troll us.

[Cryptotourist]

We can clearly observe that the bull needs to dip briefly, in order to get a grip for the parabolic ride.



Love it.

[BitcoinGirl.Club]

There's no problem because if I'm using Stop-Loss, any time it drops I will be closer to my current balance, and I personally don't believe that $300 can be dropped at any time, even though there is a lot of up-downside. I believe it has a future want everyone to have an opinion because many times many people say that it will be worthless one day, because they say that something without ownership is less sustainable but I do not believe it.

Bitcoin is not money only It's a dream for many BTC

If the amount is very very high then I would suggest you not to keep them in exchange. If exchange get hack then your coins are gone. No keys no coin.

[BitcoinGirl.Club]

I really can't see the EFT not to be approved in the long run.

My question is that does bitcoins really need it? I mean bitcoins strength is in it's hashpower not in the approval of any agency or powerful group.

[El duderino_]

Reached that one, next question was



.................

Finally

[fillippone]

I really can't see the EFT not to be approved in the long run.

My question is that does bitcoins really need it? I mean bitcoins strength is in it's hashpower not in the approval of any agency or powerful group.

OF course not.
It's not bitcoin that need Wall Street. It is Wall Street that needs Bitcoin.

WS needs bitcoin because in the NIRP environment we are lving in, an high volatility, uncorrelated, positive alpha asset is badly needed in any diversified portfolio.

Bitcoin don't need WS, but WS can act as an adoption accelerator, shrinking the timeline of bitcoin main acceptance.
That's it.

[fillippone]

<SNIP>

Well done mate!
Not that grinding activity to become Legendary is meaning anything, when you already demonstrated to be a legendary member of this forum because all that you managed to do over the years!


On a side note: I can't believe you just had a 4 days no-merit streak!

[alevlaslo]

[BitcoinGirl.Club]

<snip>

Congratulations brother. You deserved every bit of it.

[Negotiation]

There's no problem because if I'm using Stop-Loss, any time it drops I will be closer to my current balance, and I personally don't believe that $300 can be dropped at any time, even though there is a lot of up-downside. I believe it has a future want everyone to have an opinion because many times many people say that it will be worthless one day, because they say that something without ownership is less sustainable but I do not believe it.

Bitcoin is not money only It's a dream for many BTC

If the amount is very very high then I would suggest you not to keep them in exchange. If exchange get hack then your coins are gone. No keys no coin.

Very good for suggested No panicked  
I hold multiple placed multiple exchange All the pieces are kept in one piece so that no problem will be lost in the next, even though it is better though not kept evenly in all places a little out of place of frustration.

[BitcoinGirl.Club]

Very good for suggested No panicked  
I hold multiple placed multiple exchange All the pieces are kept in one piece so that no problem will be lost in the next, even though it is better though not kept evenly in all places a little out of place of frustration.

As long as you are aware about the risk and act accordingly to minimize it you should be fine. Good luck.

[BitcoinGirl.Club]

<snip>

Some good thought and +1 for that.

[Negotiation]

Congratulations.
micgoossens
Legendary

[alevlaslo]

today against the market are BCH, BSV and BTG - this is the most similar to BTC, I think BTC holders do not believe in the continued growth of domination and move into a similar

[BitcoinGirl.Club]

today against the market are BCH, BSV and BTG - this is the most similar to BTC, I think BTC holders do not believe in the continued growth of domination and move into a similar

What is your point?

[Negotiation]

Very good for suggested No panicked  
I hold multiple placed multiple exchange All the pieces are kept in one piece so that no problem will be lost in the next, even though it is better though not kept evenly in all places a little out of place of frustration.

As long as you are aware about the risk and act accordingly to minimize it you should be fine. Good luck.

Every successful person writes a word and finally says as much profit as risk. High risk High profit.

[serveria.com]

Reached that one, next question was



.................

Finally

Congrats MicG! Or should we call you Sir Goosens now?    Anyways +1 WOsmerit from me