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

[Arriemoller]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

I showed that to the money guy behind the seastead project (who was about to go buy a cargo ship before the Thai navy thing).

He responded with just one word.

sub

Meaning what? That it's subpar or he wants a submarine or what?

[Arriemoller]

I also want that mother ship they drive on to/of from in the first clip.

EDIT: and the armament.

[jojo69]

"the Thai navy thing"

[JayJuanGee]

It is like, the more poorer you are, the longer you stay poor.

bingo

Yes... but there is a bit of a fallacy in that kind of thinking.

I believe that it is safer to believe that it takes a long fucking time to build up wealth, especially if you are starting from zero, close to zero or in the negative, and so in that regard, if you are starting out with a decent amount of wealth, then you both have more options and there are a large number of ways that you can structure your capital to work for you in order to keep you rich.

But, even rich folks fail/refuse to understand how to manage their money properly and end up neither preserving nor building their wealth from whatever lofty position that they may have started.

Of course, building marketable skills can also be a good way to preserve and to build wealth, too.

Anyhow, even if it can take a long-ass time for poor people to build wealth, that does not signify that they should either end up engaging in rushed behavior or even gambling, with a sense of desperation.  From my thinking it remains a better practice to just continue to work with what you got, and maybe you need to be more aggressive with your investment or more frugal with your spending while you are building wealth, but if you continue to strive towards building wealth including making sure that you have a decent income source, to the extent that is feasible, then bitcoin is still likely to put you way the fuck better off (comparing yourself to yourself) than if it had not existed. 

So in essence, I am suggesting that guys (and gal) need to structure strategies and plans that compete against themselves in terms of options rather than pondering over the financial situations of other people (except maybe to attempt to learn from that).  So seems to be likely that any guy (or gal) with bitcoin accumulation (whatever amount that they can reasonably and prudently muster up within their own financial circumstances) is going to have chances of prospering better than the same guy(or gal) without a bitcoin accumulation plan strategy that is incorporated into their life.

[VB1001]

Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come

https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

This is coming.


https://i.imgur.com/kQ2Rca8.jpg

[barota]

bitcoin price soon

[mersal]

bitcoin price soon

One more bitcoin hater?

Bitcoin price increased from 3000 to $10000 so no one will be in great danger if it goes bank to $9000 or $8000.

Meanwhile WO reached more than 500K replies.

[bitcoinPsycho]

bitcoin price soon

[Biodom]

It is like, the more poorer you are, the longer you stay poor.

The more richer you are, the shorter it takes to get even more richer.

Regarding the latter and btc...imagine being a whale and gaining or losing millions a day, almost every day. It could be exhausting.

Re being poor...read this...it sucks even more to be OLD and poor because you have very few options or no options.
The narrative of the next few decades for millions might be the story of going from high middle class to lower middle class or becoming poor.
Hopefully, bitcoin would rescue some.

https://getpocket.com/explore/item/falling

[VB1001]

Sure mic likes this red color.

[El duderino_]

Sure mic likes this red color.

Indeed

[El duderino_]

bitcoin price soon

Yeah, I know HM already gave us his thesis on why and how fast we Will bounce back ...

Actually he was very similar as what vroom has written today

[jojo69]

https://getpocket.com/explore/item/falling

Dammed fine introspective.

Thank you.

[El duderino_]

WO-brothers in arms

Have fun guys!

Thx man

[Ludwig Von]

Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come

https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

This is coming.


https://i.imgur.com/kQ2Rca8.jpg

Well, allow me to be extremely sceptical of wheter this will be positive for BTC. Probably yes at first, but long term no. It will first try to suppress volatility, later become a tool for outright manipulation. Just like what happens with gold.

[JayJuanGee]

It is like, the more poorer you are, the longer you stay poor.

The more richer you are, the shorter it takes to get even more richer.

Regarding the latter and btc...imagine being a whale and gaining or losing millions a day, almost every day. It could be exhausting.

Surely, I am not any kind of whale; however, I can attest that when my equity cushion became a whole hell of a lot greater, I became less concerned about actual substantive amounts of my changes in richness with large short-term swings.

I do still monitor the changes in the substantive amounts but I am not very bothered by it - because I continue to consider both the equity cushion and also the likely difficulties to go below a certain level of total wealth - that is also attributable to the fact that there is a kind of equity cushion.

Let's consider a hypothetical BTC whale person who manages a personal BTC holdings of between about 2,000 BTC and 2,500 BTC (today valued between $20million and $25 million).  There is some BTC trading on dips, which causes fiat holdings that are dedicated towards BTC that constitute 5% to 10% of the total value of the BTC holdings that are held in fiat (today valued between $1million and $2.5million), depending on BTC price spikes and dips.

So, yeah of course, if BTC prices move 30% in a day or a week, then the value of the holdings might swing by $6million to $7 million in that period of time.  Also, when BTC prices were at their peak in late 2017, let's say that the hypothetical whale had around 2,000 BTC (valued at nearly $40million) and fiat holdings that were about 10-12%, which would have been ($4million to $5million).  Then when the BTC price dropped down to $3,122, the BTC holdings might have increased to nearly 2,600 BTC (valued at about $8.1 million), while the fiat reserves also decreased to about 3% to 4% (or perhaps less) of the total value of the holdings,  which would have been a mere $240k to $325k, so yeah there are substantively great changes in the actual total BTC investment portfolio wealth, but there could also be a decently sized equity cushion.  Let's say for example, this hypothetical person had gotten into BTC somewhere between 2013 and 2016, and had acquired his BTC stash of about 2,500 or so BTC for about $2million, at the bottom of the dip, his holdings are still more than 4x in value (that is $8.1million + $280k = $8.38 million) from his initial investment amount.  

I really doubt that these kind of whales are really stressing out about the BIG moves in the value of their BTC investment as much as you might believe, especially, if they had gotten into BTC with about a 10% or less allocation, which would mean that the about $2million that they put in was 10% of their total quasi-investible wealth - which, with those numbers, would have been in the $20million arena.

I really doubt that whales are preoccupied about changes in their wealth to the extent that they are not already considering matters of being sufficiently hedged, and not engaging in extraordinary gambling.  Of course, some will be dumb-ass gamblers, but those ones will not be likely to be hanging onto their wealth in the long term.  The actual smart money is going to both hedge and not be gambling and worried nor easily shaken out of their BTC investment in the same kinds of ways that those players that engage in too much gambling by either over-allocating how much they have invested into BTC and attempting to play around too much with their investment, rather than merely dollar cost average buying and buying on dips and reasonable, prudent and strategic practices like that.

[jbreher]

https://i.imgur.com/oCghhgu.jpg

"Bitcoin will never work"
- Trolls

"Bitcoin will never work"
- Shitcoins

"Bitcoin will never work"
- Ex-Dev

You left out:
"Bitcoin will never work"
- a rather frightening percentage of now-significant-Core-devs

[JayJuanGee]

bitcoin price soon

Yeah, I know HM already gave us his thesis on why and how fast we Will bounce back ...

Actually he was very similar as what vroom has written today

Go Vroom ...... vroom... vroom..... vroom.......


Alternatively, go HM.   

Alternatively to all of that:  Go bitcoin go!!!!!!!!! 

[JayJuanGee]

Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come

https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

This is coming.


https://i.imgur.com/kQ2Rca8.jpg

Well, allow me to be extremely sceptical of wheter this will be positive for BTC. Probably yes at first, but long term no. It will first try to suppress volatility, later become a tool for outright manipulation. Just like what happens with gold.

Bitcoin is not gold - even though you are likely correct that there are going to be plenty of attempts to manipulate bitcoin in the same kinds of way.  A relevant and material question remains about whether there is going to be the same or similar levels of success in manipulating bitcoin as there has been with Gold.  I would not assume the latter before it has had a sufficient and reasonable opportunity to play out and to be sufficiently and adequately tested.    Let's see... let's see.

By the way, Ludwig Von, let's assume that you are correct about the ultimate manipulation success of various traditional financial tools to adequately and meaningfully manipulate BTC into a kind of meaningless oblivion:   how long do you believe that such meaningful manipulation is going to play out before it achieves success?  2 years?  5 years? 10 years?  20 years?  Can we still benefit by being in BTC in the meantime while we are monitoring the level of meaningful manipulation of BTC and whether it will actually play out?

In other words, my questions are still implying a BIG so what to your hypothetical because we should not assume the second part and even if the second part will play out, as you suggested, we have time to still both benefit from the shorter term and to be able to get out of BTC if we recognize some actual meaningful interference with bitcoin's actual use case(s) due to such manipulation (that hypothetically ends up being successful).

[mindrust]

Unlike Gold, bitcoin is total supply is fixed and can be seen by everyone.

You can fake gold's supply and nobody will notice. Tungsten bars in central bank inventories, in circulation, all kinds of fuckery. You don't even need tungsten to fake gold at all. A computer is enough.

If they artificially lower bitcoin's price, the demand won't disappear. Whoever was pulling that stupid trick will go bankrupt instead.

That is not going to work on bitcoin.

*If they artificially increase the price, well that means lambo time.