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Question: Where will this rally top out?
Already topped <$7,000 - 20 (22.5%)
$7,000-$7,499 - 7 (7.9%)
$7,500-$7,999 - 8 (9%)
$8,000-$8,499 - 7 (7.9%)
$8,500-$8,999 - 6 (6.7%)
$9,000-$9,499 - 1 (1.1%)
$9,500-$9,999 - 1 (1.1%)
$10K+ - 39 (43.8%)
Total Voters: 89

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21590027 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (144 posts by 34 users deleted.)
jojo69
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September 17, 2019, 04:14:40 PM
Merited by Raja_MBZ (1)

It's not very easy to fix a broken parabola.

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Reply with quote  #2

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September 17, 2019, 04:19:44 PM
Merited by JayJuanGee (2), El duderino_ (2), vapourminer (1), Icygreen (1), VB1001 (1)

Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish.  I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.

+WO merit since I'm out of the regular, thanks for sharing your story. I had a coworker that introduced me to it maybe in 2014 or so but I didn't understand the draw, at the time it seemed overly complicated for no benefit and I wasn't looking at it as an investment vehicle just as an interesting technology. Mid 2017 I got in, shortly before the big run and that made me think I'm a genius rather than just lucky and I evangelized to my family and friends. Some of my family bought in then of course at the high. They are still holding though they haven't added to their positions, whereas I've been faithfully DCA'ing ever since. My amounts and entry point mean I probably won't become personally life-changing wealthy but I'm hopeful it will accent my retirement and provide some easing through life's ups and downs for my kid. I tend to look at it as an inter generational wealth opportunity. Though I'm a confirmed hodler I have several dream benchmark levels to encourage myself...
1. mortgage payoff
2. retirement at 80% of current lifestyle level
3. retirement at 120% of current lifestyle level
4. kid's entire college tuition
5. kid's entire college tuition at a top tier school through grad school
6. retirement at 120% level before I hit actual retirement age
7. medical emergency care fund equivalent to 2x mortgage payoff
8. being able to do the same for my family
9. own first hotel on the lunar surface

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September 17, 2019, 04:31:54 PM
Merited by JayJuanGee (1), bkbirge (1)

Bitcoin Trading: 7 Tips to Detach Your Emotions From Your Portfolio

Quote
Acknowledge fear vs. greed
Failing to plan is planning to fail
Treat trading like a business
Never watch the scoreboard
Know when to trade
Trade with the proper size
Have a life outside of trading

https://cointelegraph.com/news/bitcoin-trading-7-tips-to-detach-your-emotions-from-your-portfolio

The last is the most important, be it a trader or a Hodler.
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September 17, 2019, 04:39:18 PM




It's not very easy to fix a broken parabola.

This will be painful to watch. Looks like %55 may be next. I'll try to increase my ALT* exposure to %2 and will cash out to BTC if it ever reaches %10. Sounds like a decent plan.

*By "ALT"s I mean LTC, XMR, Grin, Doge (maybe), Raven. Not absolute shits like ETH, Ripple, Bcash etc.
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September 17, 2019, 04:57:22 PM

Roger is on, go get your popcorns.  Grin

lol Roger... what an enigma. I'd love to know where he went so wrong. I actually think he has had some sort of mental break

He definitely cares about that red stuff. He went nuts when Carvalho said "bcash" too. He definitely cares about these. Go and break him.  Grin

That would be the scene to watch.

Well that was fun. Think he's logged off, physically and mentally. He'll be back in another 3-6 months to show how little he's changed.

Interesting to read a debunking of the 'in jail for fireworks' line:

I somehow don't believe his story of going to jail for 10 months for selling firecrackers on ebay.  I think there is something to the story he is leaving out.
Here's a transcript of the sentencing hearing, detailing exactly why he was sentenced to 10 months in jail, including the parts of the story he may have left out. Spoiler alert: pipe bombs aren't firecrackers.
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September 17, 2019, 04:59:36 PM
Merited by vapourminer (1), JayJuanGee (1)

It's not very easy to fix a broken parabola.

JB Weld

Wow, can't believe it worked!!

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September 17, 2019, 05:00:12 PM
Merited by JayJuanGee (1)

Whats this crap about alts on the green and btc being tiny red?

Anon prediction about BTC dominance at 40-46%? He never said when.. but but...


My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated. Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

P.S. this guy is going to become an absolute god if we hit $16,000 next month.....

-He called the bottom (A lot of people thought we were going much lower when he posted it)
-He called the exact length of the accumulation phase (Said it would end in March and start in April)
-He called the April boom we saw in the first week
-He called the correct price in April
-He called the correct price in July (Bitcoin almost made it out of July without touching $9200, turns out $9100 was the bottom; we haven't gone lower since)

So October will be interesting, this is a legendary posts regardless, the amount of things he has gotten correct already is remarkable.
mindrust
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September 17, 2019, 05:03:39 PM

My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated.

Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

CMC can suck anything for money but I think even they haven't lost their mind that much to list Libra as a cryptocurrency.

I don't believe Facebook will join that MarketCap rat-race neither.
fillippone
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September 17, 2019, 05:07:42 PM
Merited by JayJuanGee (1)

Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish.  I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.

+WO merit since I'm out of the regular, thanks for sharing your story. I had a coworker that introduced me to it maybe in 2014 or so but I didn't understand the draw, at the time it seemed overly complicated for no benefit and I wasn't looking at it as an investment vehicle just as an interesting technology. Mid 2017 I got in, shortly before the big run and that made me think I'm a genius rather than just lucky and I evangelized to my family and friends. Some of my family bought in then of course at the high. They are still holding though they haven't added to their positions, whereas I've been faithfully DCA'ing ever since. My amounts and entry point mean I probably won't become personally life-changing wealthy but I'm hopeful it will accent my retirement and provide some easing through life's ups and downs for my kid. I tend to look at it as an inter generational wealth opportunity. Though I'm a confirmed hodler I have several dream benchmark levels to encourage myself...
1. mortgage payoff
2. retirement at 80% of current lifestyle level
3. retirement at 120% of current lifestyle level
4. kid's entire college tuition
5. kid's entire college tuition at a top tier school through grad school
6. retirement at 120% level before I hit actual retirement age
7. medical emergency care fund equivalent to 2x mortgage payoff
8. being able to do the same for my family
9. own first hotel on the lunar surface



+1WO. (because I am in smerit drought)
Very nicely put.
Something is good to fix exit points. Having target means you have an opportunity to re-evaluate your investments and decide how to proceed.
Something you should constantly do, but human nature is complicated so  we are not adapt to reason in the continuum of the financial markets: we need steps.

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September 17, 2019, 05:08:05 PM

My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated.

Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

CMC can suck anything for money but I think even they haven't lost their mind that much to list Libra as a cryptocurrency.

I don't believe Facebook will join that MarketCap rat-race neither.

Agreed, I guess that will be up for debate when the time comes. Same with the government currency like Chinas?
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September 17, 2019, 05:09:29 PM
Last edit: September 17, 2019, 05:41:19 PM by mindrust
Merited by LoyceV (2), vapourminer (1), JayJuanGee (1)

My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated.

Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

CMC can suck anything for money but I think even they haven't lost their mind that much to list Libra as a cryptocurrency.

I don't believe Facebook will join that MarketCap rat-race neither.

Agreed, I guess that will be up for debate when the time comes. Same with the government currency like Chinas?

Yes. Same idea. CMC shouldn't list Ripple neither but I am pretty sure Ripple Corp paid them well to suck that thing.

I'll explain why think like the I way think.

A cryptocurrency should be immutable, decentralized.

Everybody knows there will ever be 21m bitcoins and not 1 more. Everybody knows bitcoin's future inflation rate will be.

These features apply to many decent altcoins too. These are consensus rules.

Ripple has no consensus. Libra has none. Whatever currency will the Chinese be issuing don't have them neither. Libra is basically tether on steroids. It is just a combination of FIAT and assets(!). You can see the FED's balance sheet right now. It goes up, it goes down. Somebody is deciding this. Not many people but only a few. This is centralized. Libra is centralized. Ripple is a centralized shitcoin. Government coins are centralized.

Government coins can't be decentralized because if they do, there won't be any need for a government. So they ain't any fucking crypto. They are just FIAT without any physical papers. More of the same.

I used to think what if BTC becomes successful and replaces the physical papers? I didn't like that idea at first. To me physical paper money is a good thing. When there is enough demand for them, the banks can't provide you the liquidity and they go bankrupt. This is the safety valve which keeps the system healthy. If a bank can't provide you the liquidty, it means they don't have your money. The bank shouldn't exist.

When too many shitty zombie companies emerge, a crash happens and they go away. The system keeps itself in check. They want to remove this by issuing crypto like currencies and banning physical money.

Bitcoin isn't something like that. Not even close. You either have bitcoins or you don't.

Bitcoin Is A Hedge Against Gov't "Fiscal Irresponsibility", Analyst

“The hardest money in human history”
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September 17, 2019, 05:28:45 PM

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
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September 17, 2019, 05:32:31 PM

My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated.

Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

CMC can suck anything for money but I think even they haven't lost their mind that much to list Libra as a cryptocurrency.

I don't believe Facebook will join that MarketCap rat-race neither.


There is no reasons that Libra will not be on CMC. Of course it will. There are a lot of tokens there. What CMC should do is to make different lists and not mix pears with apples.
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September 17, 2019, 05:40:19 PM
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Oh look, even after a decade, millions of people are still convinced that Bitcoin is a fly-by-night scam.... even though a single bitcoin is now worth more a good used car.

When 1 BTC = middle class house?  SoontmGrin
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September 17, 2019, 05:43:12 PM

The next 5 years will be taken up with people discussing different aspects of lightning network.
 Roll Eyes  Lips sealed
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September 17, 2019, 05:43:46 PM

Oh look, even after a decade, millions of people are still convinced that Bitcoin is a fly-by-night scam.... even though a single bitcoin is now worth more a good used car.

When 1 BTC = middle class house?  SoontmGrin

Soonishtm
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September 17, 2019, 05:48:31 PM
Merited by JayJuanGee (1)

The next 5 years will be taken up with people discussing different aspects of lightning network.
 Roll Eyes  Lips sealed

Then they should open a WO LN thread, here we talk about Bitcoin. Cheesy
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September 17, 2019, 05:49:25 PM

My theory about this is that when the mainstream coins like Libra hit the market, they will bring the Bitcoin dominance down because they will be pumped/inflated.

Im sure next year we will see Google, Apple, Amazon, etc all jump in. Bitcoins dominance will have to compete with those coins to which would likely bring the dominance down.

CMC can suck anything for money but I think even they haven't lost their mind that much to list Libra as a cryptocurrency.

I don't believe Facebook will join that MarketCap rat-race neither.


There is no reasons that Libra will not be on CMC. Of course it will. There are a lot of tokens there. What CMC should do is to make different lists and not mix pears with apples.
If libra is factored into Bitcoins dominance, does bitcoins dominance even matter? Same with government coins, bank coins, etc....

I think at that point bitcoins dominance should not be against other digital payment methods, but rather all value of any payment including fiat. If the end game goal is to become the peer to peer payment system then Bitcoins dominance should be charted against all payment(fiat, libra, government coins, bank coins etc etc,), not just cryptocurrency.
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September 17, 2019, 06:07:44 PM

Oh look, even after a decade, millions of people are still convinced that Bitcoin is a fly-by-night scam.... even though a single bitcoin is now worth more a good used car.

When 1 BTC = middle class house?  SoontmGrin

Soonishtm

Talk timeline boys..... Mic can't follow with soon and soonish.... Tongue
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September 17, 2019, 06:18:04 PM

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

Quote
No Know Your Customer checks

No ID or other documents will be required to convert euros into Bitcoin acquired with the coupon. All a user needs is an email address and a Bitcoin wallet address. Raimundas Asauskas, the owner of Rebiton, the service processing the coupons, suggested this is of no regulatory concern:

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander."

https://cointelegraph.com/news/lithuania-narvesen-stores-and-lithuanian-press-kiosks-to-sell-btc

Flights will increase to visit the country. Wink
Huh. That country is on my List. Let's see what we shall see when I get there (in the spring, probably).
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