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

[fillippone]

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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[soxxx]

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?

[mindrust]

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”

[VB1001]

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

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.

[Febo]

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.

[Torque]

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?  Soon^tm. 

[Last of the V8s]

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

[Wilhelm]

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?  Soon^tm. 

Soonish^tm

[VB1001]

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

Then they should open a WO LN thread, here we talk about Bitcoin.

[soxxx]

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.

[El duderino_]

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?  Soon^tm. 

Soonish^tm

Talk timeline boys..... Mic can't follow with soon and soonish....

[Ibian]

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

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.

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

[El duderino_]

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

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.

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

I'm surprised there are actually countries, places where you like to go to.....

[JayJuanGee]

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

I really like your customized tiering of goals that seems to recognize that you are investing in possibilities that may or may not be achieved, and actually it might not even hurt to have lower level goals too, in terms of accumulation levels, etc etc etc.

I am not asserting that you don't have lower level goals, as well, but just mentioning that for other readers here who might benefit from considering ways to create lower level goals that can also help to show them, on a personal level, that they are making progress in their preferred direction.  For the most part, wealth does not come all at once, but it comes gradually, and maybe even at some point, if you are preparing and preparing and preparing, you may end up in a position in which you actually get lucky and generate a whole hell of a lot more wealth (and more quickly) than you had expected (which is kind of what happened with me, in bitcoin).

So, yeah, I recognize also, and probably you do too, that maybe you will not achieve the differing level goals, but it is good to have them, including relatively high ones, and also to, perhaps, tweak them along the way to make higher goals and/or goals that fall between ones that you had established earlier.

[rdbase]

Damn!
Real life got me in the wrong moment!

EDIT:
I swear I saw  serveria.com message as the winner.

Yeah, but I can't prove it cheaters were quick to delete the posts...  

On the bright side, you've still earned enough merit to be a Full Member. So congrats on that achievement.

Time to get yourself a hat!

Thanks for the merits guys and special thanks to filippone for restoring justice with his screenshot (merited).  

As to the hat, I'd love to have it! xhomer are you around? I'd like my hat grey, dark grey or black and please be so kind and put a pic of steel balls like these here: https://images.app.goo.gl/e7VsyZC2aYhwSNzi6 or any random Duke Nukem pic    

Hmmm... looks like I have the CON!   Yeah, piece o' cake!


avatar-sized

 

Nobody jacks with our interdependence!

Hope it fits

Its altcoin season once again with eth going up pass $210.
Ohh yaaaahh!
https://finance.yahoo.com/news/crypto-bear-market-won-t-194818761.html

Meanwhile for some crypto watchers out in Vegas baby where duke is from!

read the fine print at the bottom if you can save and zoom in to the pic

[Ibian]

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

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.

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

I'm surprised there are actually countries, places where you like to go to.....

Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

[VB1001]

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

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.

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

I have already read that you are preparing an interesting adventure, keep us informed.

[Ibian]

Lithuania: Narvesen Stores and Lithuanian Press Kiosks to Sell BTC

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.

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

I have already read that you are preparing an interesting adventure, keep us informed.

The first part will just be tooting around in Thailand until spring. Beer bars, temple visits because why not, maybe pet a tiger in the tiger temple. The main part of the trip will be going by train all over the eastern european countries. Visit every country I have not yet been to pretty much.

[Dunkelheit667]

Hey speaking of, the entire west is heading towards communism.

In germany a baker was faced with a 25k euro fine for having KG instead of kg on the signs in his shop. We are already living under stalinist conditions.

I'd like to hear the facts from two sources. It's not the commies IMO. It's obsessive insistence with The Rulez and the stantarts that neet to be folloft. The Germans are chronically prone to it, as are some other people, each in their own way. There must be a way for a peep to carve himself some slack. I would start to look for any specific reference to minuscule g's in the letter of the law. As for the spirit, typography apart, it's probably meant to ban unconverted pounds or ounces.

It always starts with one extreme edge case. Then that eventually gets normalized, and they go even further. Communism is a gradual process, not a single event.

I don't know if this is still about facts? However, as a German I am more than happy to explain how the executive works over here collecting pocket money (fines and fees) for the state and/or city.

We have plenty of laws (you can be sure you will violate some as soon as you leave your own property - okay, you probably violate some of them by just breathing on your own property as well). For example, there are laws for retailers how to indicate/state the price and weight of products, how to weigh the product, that scales have to be calibrated every so often, etc. Obviously we have government agencies in place to check all these rules and regulations are being followed.

Let's say that one of the friendly inspectors went into a shop and found the baker violated one of the laws. Our baker will now receive a letter informing him what he has done wrong and that he should correct his mistake within e.g. two weeks, otherwise he can be fined up to 25k EUR. This maximum amount is specified in the applicable law. After two weeks it will be checked whether the baker has fulfilled his duty or not. If not - a fine of, let's say 1k EUR, will be charged and he will receive a second letter in which he will be informed of his first fine, how to pay it and of course he will have to correct his mistake within a new deadline, if he does not... he will receive a third letter to pay 2k EUR and so on. In case the baker is... persistent, he will eventually reach the maximum fine. That's basically how citizens will be "educated" over here.

The key point is most people miss the "up to" in the first letter and panic.

Mainstream media will not notice this either, they have to sell a headline.

[makrospex]

Out of sMerit, so +1 WO sMerit for explaining the german "correction" procedures.