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

[LFC_Bitcoin]

My stats (I think I post too much )

[JayJuanGee]

[edited out]

I was being sarcastic. The whole forum has no idea if BTC will reach 50k one day, of course we all wish it does.

I was replying to a rude post from ivomm, I got mocked for prediction 10.6k two days ago, and here we are. Yes maybe I act "proud" of my prediction but when you get shit for no reason it's at least reasonable to acknowledge you talked shit and had no clue   It happens. Helps to be more humble too.
 In the meantime, I now buy again, sold at 11.6k, buy at 10.6k as planned last week    Don't know what will be the next move.

Fair enough.

You are right that none of us really know if BTC will reach $50k some day, $100k, $300k, $1million, or $10million, but all of those are within reasonable parameters of prediction, especially given where bitcoin is today, including its historical performance and fundamentals.  So preparing for grand upwards price movements might not be a "given", they are still decent asymmetric bets that seem to be more than prudent.. and likely even advisable for all people to put 1% or more of their networth into bitcoin (maybe absent someone who cannot create at least a 5 year investment timeline due to a short life expectation or some other reason that they need to keep their assets more liquid on a shorter timeline).

I agree that up and down fluctuations of 10% or more are more than reasonable; however, I wonder how prudent it is to be selling very much of your BTC stash with those kinds of expectations of a 10% or so downward BTC price movement that might not pan out.  Seems a bit risky.

Are you trading with just a small portion of your stash, or are you trading with more than 50% of it?  I agree that Ivomm may have responded a bit strongly, but there are surely a decent number of active bitcoin hodlers who have stupendous bitcoin returns and overall BTC portfolio performance without selling any BTC through their whole time investing in BTC.  I recall that there are even a decent number of actual studies that show that traders end up performing much worse than just buying and holding and accumulating BTC  even if that buying and  holding may have started at higher prices, such as towards the December 2017 top at $19,666.

I am guilty of some of the same hostility towards folks who are predicting downward BTC price movements, even when their predictions might be reasonable,  so anyone predicting downward BTC price movement and posting it in this thread should be prepared to back up their assertions a bit more than those predicting upwards... I think that it is the nature of investing in something like BTC, which is already under attack on a regular and ongoing basis by naysayers, FUD spreaders and alt coin pumpers.

[Biro Bob]

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

Interesting that they would do this right now. I wonder if they’ve done this to stem the tide of GBP flowing into BTC during the Brexit volatility. They’d rather the money went to the stock market or other fiat currencies.

** Honest Guv! I don’t really own a tinfoil hat... **

[fillippone]

Fillippone just pawn in the Game of Bitcointalk...

[zhekinsp]

Coming down to $8k?

Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed

Hanging at $10200,so how did you say its confirmed? Wale is gonna wake up!

[realr0ach]

It's happening:

[JayJuanGee]

Yeas I hold Bitcoin try to hold on large amount Big mistake in my life when bitcoin price $3300 sell bitcoin. trying hold bitcoin with use Stop-loss.

I suggest you sell all your bitcoins and empty your bag. There are no point to hold with this mindset. You don't want to see at $3k again. do you?

Sir, really possible $100k per Bitcoin next 2-3 years?
last year 2018 $20k to dump $3k....
after 2-3 year next $13k to $300 only.
Rich man to poor man possible.

Besides, bitcoins are not for those who does not believe in it.

Yeah, you are correct, Pamoldar, that peeps have to prepare themselves for UP and DOWN BTC price movements if they are going  to be investing into BTC.. and not get so worked up about the whole BTC volatility matter.  Like several of us frequently assert:  One of the most guaranteed and likely things in bitcoin remains its ongoing volatility for at least several years into the future.

[El duderino_]

via Imgflip Meme Generator

Yeah this Legendary bitcointalk status and especially to call myself a WO-Made Legendary member needs a drink

So thank you guys and let me have a celebration drink on the “Legendary status”
Its all because of the WO members help
THX for giving me this awesome time on bitcointalk


Cheeeeers

[JayJuanGee]

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



Love it.

That's a hilarious visual. 

One of the bull clowns, taking one for the team and then landing on his feet. 

If that kind of flippening were to happen to me, I would have been soon heading for the exit.  But then again, it has been years since I would have been even physically capable and/or risk-loving enough to engage in such usage of my meat wagon.

[_javi_]

via Imgflip Meme Generator

Yeah this Legendary bitcointalk status and especially to call myself a WO-Made Legendary member needs a drink

So thank you guys and let me have a celebration drink on the “Legendary status”
Its all because of the WO members help
THX for giving me this awesome time on bitcointalk


Cheeeeers

Cheeeers legendary Mic!!

[El duderino_]

via Imgflip Meme Generator

F*** it

A Legendary prediction !!!!!!

[JayJuanGee]

[edited out]

See, this is the salient point, JuniorJiggly:

Hahahahahaha

Finally you come out with a half-way decently good one.

Those previous ones were just lame, and seemingly forced.  this one has a kind of flow to it, including a possible disparaging (even though I don't agree with it) deeper meaning, too.

I am posting facts with links to supporting evidence, and you keep characterizing them as 'a bunch of made up bullshit'. You are being Deceitful, Dishonest, and Dissembling.

Who cares about your nonsensical diversions that are both attempting to emphasizing the wrong facts and furthermore coming to the wrong conclusions anyhow?  

Accordingly, you come to the wrong conclusions based largely on your ignoring and downplaying important and material subsequent events that happened in bitcoinlandia - largely emanating from events such as: 1) the August 2017 fall out of the segregated witness activation, 2) the failure of the segwit2x hardfork, 3) the amazing BTC price rise in late 2017 and 4) the mostly failure (except for the attempted bolstering of BIG BLOCKER FUD talking points) of the December 2017/January 2018 BIG Blocker spamming of the BTC blockchain.  

So who cares about your stupid-ass attempt to emphasize alleged "facts" that happened before, minimally, those above four outlined events, you dumbass.

[mindrust]

Name of the pizza is where I am right now. Anyone recognize this?

Did they give you a shot of a weird liqueur free at the end of the meal?  I went to a (very average) Barcelona restaurant in February last year that looked exactly like that one and gave me a crappy shot I didn't really want - red, I think.  It was pretty empty and that end was divided from the room by a sort of banister.  I think it was even a step up from the room.

Just er... wondering if it's a weird coincidence.

Nope. They didn't give me anything like that. The restaurant itself isn't that crappy but it surely isn't for the bitcoin lords neither. :d Just a place to fill your stomach for €20 (probably overpriced, like I said, tourist trap) It is on "la rambla" street and also where my hotel is at.


I wanted to find the goddamn bitcoin atm at the port yesterday, couldn't do it. I need a photo there. Not leaving BCN without that damn photo.

End of the vacation, back to business.

Triangle shape is still in play.
https://www.tradingview.com/chart/BTCUSD/3l1JOd99-Wedge/

Hopefully it will moon after the shape gets completed but something  fishy is in the air. It smells. There isn't enough hype. This looks like a bad picture but Bitcoin almost always moons when least expected. When everybody starts to think "it is dead", bitcoin makes a comeback and rips all.

Saw this post on reddit few days ago and wanted to see it by mt own eyes.
https://old.reddit.com/r/Bitcoin/comments/cll35p/bitcoin_atm_at_el_centre_de_la_villa_barcelona/

Here is the promised ATM photo from BCN, found the motherfucker:

[JayJuanGee]

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

I take it that you are referring to $100k in the next five years, and fuck that 80% is even a high expectation.

I might place mine at around 25% to 30% sure, and I would think that is even a fuckingly BIG ass expectation.. but I am just approximating, anyhow.

Coming down to $8k?

Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

So god damned close to 4 digits.  I don't see how 4 digits does not happen, even if just briefly.  Maybe I am more than 80% certain that 4 digits will be touched upon, but only because currently we are so god damned close.  The local low within the past two hours, is only $27 away from 4 digits.

Coming down to $8k?

Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed

I know that I am not supposed to ask JSRAW, but JSRAW?  Wat r u thinkin?

[Raja_MBZ]

"Samsung has quietly added Bitcoin support to Blockchain Keystore, its decentralized app (DApp) store. Originally, its DApp store only supported the Ethereum blockchain."

https://twitter.com/Cointelegraph/status/1161712624490467330

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

I take it that you are referring to $100k in the next five years, and fuck that 80% is even a high expectation.

I might place mine at around 25% to 30% sure, and I would think that is even a fuckingly BIG ass expectation.. but I am just approximating, anyhow.

$2 trillion market cap is *extremely* possible for BTC in the next 5 years, IMO.

[Searing]

Here is a link to someone who has gotten and Apple II Computer to mine Bitcoin!

(talk about dubious)

https://retroconnector.com/mining-bitcoin-on-an-apple-ii-a-highly-impractical-guide/

I started a thread and poll below, for others to post 'dubious' devices that can mine Bitcoin, despite any practical notion that this is wise in any way.

https://bitcointalk.org/index.php?topic=5175622.msg52162302#msg52162302

Feel free to add any 'quirky' devices on this thread.

(stuff to do)

later

Brad

[mindrust]

If bitcoin don't go $100k in a year or two... What can you possibly lose? From here, your worst scenario is $5k. At worst you'll lose half of your money. I know it is not pennies if you go all in. That's why, you need to DCA. (spread your buys over months, weeks)

Even if you still find that $100k a too crazy number...

Just tell me what are your other options for getting rich?

Gold? Must be a joke.
FIAT? Dead.
Stocks? Already in a bubble if you get in now, you won't be sleeping at nights.
Real Estate? You need to be rich beforehand which is a dumb idea to begin with
Altcoins? Might be an option but I wouldn't advise that shit. Most of them are scam.

Don't get me wrong, I use Bitcoin to store my wealth outside of the banks and It serves that purpose very well, I am just after that side benefit; "getting rich" while doing so.

If you don't  fully understand what bitcoin is and what it can do before investing in it, you won't be able to hodl through. As soon as you see a small red candle, your mind will give you a blue screen and you'll panic dump. That's the same mindset which kept me from investing in btc for years, I know.

[JayJuanGee]

"Samsung has quietly added Bitcoin support to Blockchain Keystore, its decentralized app (DApp) store. Originally, its DApp store only supported the Ethereum blockchain."

https://twitter.com/Cointelegraph/status/1161712624490467330

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

I take it that you are referring to $100k in the next five years, and fuck that 80% is even a high expectation.

I might place mine at around 25% to 30% sure, and I would think that is even a fuckingly BIG ass expectation.. but I am just approximating, anyhow.

$2 trillion market cap is *extremely* possible for BTC in the next 5 years, IMO.

Of course, it is "extremely" possible, but guys are going to come to differing numbers in terms of probabilities.  You gave your numbers as 100%, which seems a bit much to me, btcbeliever gave his numbers as 80%, which seems a bit much to me, and I gave my own numbers, which I believe reflects my current thinking on the matter., which I consider to be bullish as fuck, even if you conclude that my current numbers seem to be low from your perspective.

[JayJuanGee]

If bitcoin don't go $100k in a year or two... What can you possibly lose?

Well, that is part of what makes bitcoin to be amongst the best asymmetric bets that are currently in existence.

As long as you don't leverage, then the most that you could lose is 100% of your investment, while at the same time the odds for UP are quite good (and I would say that the odds of losing 100% of your investment is quite low).

From here, your worst scenario is $5k. At worst you'll lose half of your money. I know it is not pennies if you go all in.

I will agree that the odds of the price going below $5k are much lower than they were just a short period of time ago, but surely $5k is not the bottom of how low bitcoin is possible to go, so therefore, $5k is no where near the worst scenario for bitcoin.

That's why, you need to DCA. (spread your buys over months, weeks)

Surely, DCA is amongst the best of the possible strategies and also proven to be good with the passage of time; however, DCA is far from the only potentially profitable strategy.   DCA does end up being a decent strategy for people who might not have value, but they do have some kind of cashflow or an ability to generate a cashflow that they could use to get into bitcoin.  If someone has a lump sum that is already available, that person could reasonably could to invest lump sums and buying on dips and those kinds of different strategies, too.

Even if you still find that $100k a too crazy number...

$100k is not that crazy, especially given bitcoin's history and fundamentals.

Just tell me what are your other options for getting rich?

Bitcoin, perhaps?

Gold? Must be a joke.

Not a complete joke, but has way less upside potential than bitcoin... even in the best of scenarios.

FIAT? Dead.

Not dead, but seems like the irresponsible policies of various governments is not going to significantly or materially change in the coming years, so if you hold onto fiat in the longer term, then your money is likely going to lose value over time.  Some fiats are worse than others in terms of retaining value.

Stocks? Already in a bubble if you get in now, you won't be sleeping at nights.

I have some money in index funds.  Seems like a hedge to me.  They do not have any kind of certain trajectory, even though they do seem like a bubble, but who knows, may still serve as a bit of a hedge.

Real Estate? You need to be rich beforehand which is a dumb idea to begin with

There are a variety of ways to invest in real estate.  Even though it is not very liquid, it is a pretty solid investment, especially if monetary policies are sloppy, and sometimes you can find value.. as long as you don't mind being tied down a bit, perhaps.

Altcoins? Might be an option but I wouldn't advise that shit. Most of them are scam.

I don't advise them either, especially since they are an extra layer of risk beyond bitcoin because they are likely largely correlated with bitcoin, but some of them could pump with bitcoin or greater than bitcoin or at least greater than other investment options while being somewhat liquid like bitcoin (maybe not as liquid as bitcoin but some of them might be decently liquid).

Don't get me wrong, I use Bitcoin to store my wealth outside of the banks and It serves that purpose very well, I am just after that side benefit; "getting rich" while doing so.
 
If you don't  fully understand what bitcoin is and what it can do before investing in it, you won't be able to hodl through. As soon as you see a small red candle, your mind will give you a blue screen and you'll panic dump. That's the same mindset which kept me from investing in btc for years, I know.

I cannot disagree with any of these here points.

[Searing]

"Samsung has quietly added Bitcoin support to Blockchain Keystore, its decentralized app (DApp) store. Originally, its DApp store only supported the Ethereum blockchain."

https://twitter.com/Cointelegraph/status/1161712624490467330

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

I take it that you are referring to $100k in the next five years, and fuck that 80% is even a high expectation.

I might place mine at around 25% to 30% sure, and I would think that is even a fuckingly BIG ass expectation.. but I am just approximating, anyhow.

$2 trillion market cap is *extremely* possible for BTC in the next 5 years, IMO.

Of course, it is "extremely" possible, but guys are going to come to differing numbers in terms of probabilities.  You gave your numbers as 100%, which seems a bit much to me, btcbeliever gave his numbers as 80%, which seems a bit much to me, and I gave my own numbers, which I believe reflects my current thinking on the matter., which I consider to be bullish as fuck, even if you conclude that my current numbers seem to be low from your perspective.

It's literally all about perspectives.

Imagine Andrew Yang gets the presidency, and starts (printing and) giving out $1000 a month to every 18+ US citizen out there. Easy $100k BTC within a year or two.

Well, if he reversed the tax cuts under Trump and the Corporations and did the above. It would likely be a 'wash' and maybe a net gain, in that those individual folk would

probably blow that money. If that is how the economy is gonna work from now on, printing money to give it to the very rich or the common folk, I'd give it to the common

folk to spend it vs the very rich. Not sure anything for fiscal policy makes any sense in either direction.

brad