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

[Last of the V8s]

https://www.justice.gov/usao-sdny/pr/senior-adviser-operator-silk-road-website-pleads-guilty-manhattan-federal-court
^ Variety Jones caves

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[becoin]

Thx bro, will do. Planning on using this cash very conservatively, only buying and selling, no shorting and longing.

buying = longing
selling = shorting

So?!

[fillippone]

pretty good

This is beautiful.
Of course you are using bitcoin on a KYC’d environment and mainstream adoption is not strictly necessary for bitcoin to succeed, but this is the answer to many arguments I had when talking about buying bitcoin with so many people.
Great!

[JayJuanGee]

I doubt that we are going to go shooting up to $20k, but I could see shooting up to $17,500.

Yet, what the fuck do I know?

I am continuing to think that once we get in the $17,500 to $23,000 range, we are not going to be hanging around in those territories for very long.. .yeah we could be there for  a couple of months.. but is kind of like bat country... in my ongoing thinkenings.

I have been thinking exactly the same.... Many people would like to unload their coins at this range and it will make them angry and fomo back in at higher prices, when they see BTC keep pumping.

It could be like a repeat to early 2017 when BTC reached 1k again.

The only thing, as JJG also stated some days ago, is: This time it's different.
Now the halving effect is well known and many want to jump the boat before anyone else does.
Imo it just needs a little confidence that the bears have actually given up (and now might be the time).

I don't know how i think about the matter, exactly.  It's like we have a model that plays out in very similar ways, but some of the specifics and therefore the dynamics vary to some degree, but in the end, we might be witnessing distinctions without a difference. 

For example, in 2015 we had a long ass period of flat of about 9 months for what ended up being our bottom, and so when late 2018 hit us with another halvening of the BTC price from $6k to $3k, there was an expectation that our bottom was going to get drug out, but instead, about 4 months into it, we experienced a 3.5x bounce, but then about a 5 correction that ends up bring us back to almost the same place of our fractal overlay, so yeah, there are some BIGGER players monkeying around with this market but they better be BIGGER and the better be able to move the market 15x or so more because our price is around 15x greater, too.

The financial tools that are available are more complex including the impact of the thousands of froth coins, but in the end, all of those factors may NOT end up making a difference, but the BIG players really want to show the various price prediction models to be wrong and even to break those models, and the same was true in 2014-2017, and they really were NOT able to accomplish such breaking, even while they could manipulate the BTC price down for periods that seemed longer than sustainable, part of the loss of control when BTC prices finally went up was a product of their own making (NOT that they intentionally planned for that, the price just ended up playing out like that).

So, yeah, my thinking remains torn on this, because I am ok. to look at the price prediction models and to attempt to use them as a guide, while at the same time attempting to see where we are at and how far the price or even the BTC price dynamics are deviating from the model and questioning the extent to which there might be some explanation for why the BTC price might be deviating from the price prediction model.

A similar thing is true with bat country.  Sure, I really only experienced one bat country - and that was our early 2017 re-entering the $900 to $1,300 price range (previous high was $1,163).  Sure there was a bit of dancing around in that area, but when we really look back at it, we can see that we were NOT hanging out there for very long.  The same was true when looking at the most recent historical price points of $32 and $263, too.... so we get senses about what bat country is going to be like, but we cannot really rest assured and with a 100% confidence... merely a kind of 75% (or maybe even less?), inclination.

[JayJuanGee]

This message is to announce the suspension of the AYH posts for the foreseeable future.

New yearly highs are projected to occur so frequently in coming months that continuation of these posts has been deemed redundant and a hazard to regular forum traffic.

Good luck with conformity.


I am inclined to post something about being within .5% of AYH, just to spite you..

$9,570/$9,520 (which just flashed on my screen while typing) is within .5% of AYH.  

Surely it will be nice to transition from AYH to ATH...

You gonna attempt to rain on that ATH announcing parade, too?  It's like you are attempting to censor rockets, trains and CCMFs, too.   You party poop!!!!  

[heslo]

I doubt that we are going to go shooting up to $20k, but I could see shooting up to $17,500.

Yet, what the fuck do I know?

I am continuing to think that once we get in the $17,500 to $23,000 range, we are not going to be hanging around in those territories for very long.. .yeah we could be there for  a couple of months.. but is kind of like bat country... in my ongoing thinkenings.

I have been thinking exactly the same.... Many people would like to unload their coins at this range and it will make them angry and fomo back in at higher prices, when they see BTC keep pumping.

It could be like a repeat to early 2017 when BTC reached 1k again.

The only thing, as JJG also stated some days ago, is: This time it's different.
Now the halving effect is well known and many want to jump the boat before anyone else does.
Imo it just needs a little confidence that the bears have actually given up (and now might be the time).

Bitcoin Cash Sees no Blocks for 5 Hours, No Significant Backlog Due to Low Usage

https://cointelegraph.com/news/bitcoin-cash-sees-no-blocks-for-5-hours-no-significant-backlog-due-to-low-usage

Normally i'm a nice and friendly person, but this time i'm honestly happy that BCH fails. Even though Roger always put the speed of transactions (block times) in front when arguing for Bitcoin Crash.

Absolutely! Fuck Roger and his incessant shilling of that shitcoin. This latest bit of news just proves the market doesn't give a shit about BCH. Given Mallers new lightning developments too BTC is just making BCH more obsolete by the day

[Ibian]

Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.

Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.

Nice bank. Crazy system. 1.7%.

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

[Ibian]

Fuck you idiots who are glad an unstoppable virus is on the loose.

I hope you can stay glad when your family and friends are dying.

Likely to be grandparents or parents.

Watching the holocaust documentary the other day reminded me of the hideous horror of human beings.

Sometimes we don't even deserve to be called human.

In a mob the individual is somehow suspended from responsibility.



Man, I cant end this post cleverly.

 

It's not unstoppable. Any virus can only be so deadly before it burns itself out. More importantly, it was eventually going to happen in any case no matter how anyone feels about it. The more advanced medicine becomes, the deadlier diseases become. We can't stay ahead of the curve forever.

[HI-TEC99]

Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.

Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.

Nice bank. Crazy system. 1.7%.

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

There's a thread listing the banks that hate Bitcoin the most. Fortunately there's still a few in it that will do business with bitcoiners.

List of Bitcoin Hostile (and friendly) Banks

[JayJuanGee]

Thx bro, will do. Planning on using this cash very conservatively, only buying and selling, no shorting and longing.

buying = longing
selling = shorting

So?!

Even though technically you are correct, becoin; I believe that he was trying to suggest:

buying = buying without using margin
selling = selling without using margin


longing =  buying with using margin
shorting = selling with using margin

[Ibian]

Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.

Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.

Nice bank. Crazy system. 1.7%.

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

There's a thread listing the banks that hate Bitcoin the most. Fortunately there's still a few in it that will do business with bitcoiners.

List of Bitcoin Hostile (and friendly) Banks

Unfortunately denmark is not on that list. No wonder, small country. Might be useful if I go shopping for a new country to live in... but it's a tiny list of countries. I'm looking at eastern europe or failing that, south america.

[AlcoHoDL]

There's a thread listing the banks that hate Bitcoin the most. Fortunately there's still a few in it that will do business with bitcoiners.

List of Bitcoin Hostile (and friendly) Banks

Unfortunately denmark is not on that list. No wonder, small country. Might be useful if I go shopping for a new country to live in...

Or don't use a bank at all. Do it the Jimbo way. Bitcoin ATM, wallet sweep, cash in hand. No names, no IDs, no records. The anonymity is worth the 5% (or whatever it is) commission.

Unless you're talking large sums, in which case you need to be extra careful.

[Ibian]

There's a thread listing the banks that hate Bitcoin the most. Fortunately there's still a few in it that will do business with bitcoiners.

List of Bitcoin Hostile (and friendly) Banks

Unfortunately denmark is not on that list. No wonder, small country. Might be useful if I go shopping for a new country to live in...

Or don't use a bank at all. Do it the Jimbo way. Bitcoin ATM, wallet sweep, cash in hand. No names, no IDs, no records. The 5% (or whatever it is) commission is worth the anonymity.

Unless you're talking large sums, in which case you need to be extra careful.

Ideally, yes. There is a bitcoin atm in bangkok which works perfectly. The only problems are their scarcity (temporary issue) and the relatively poor exchange rate. But the ability to keep my money in my own hands in a secure way makes up for that.

I have been living in asia for a few months now just on cash and bitcoin, and a family visa for backup just in case. I buy plane tickets directly with bitcoin and pay hotels with either cash or the visa (due to better exchange rate, but this is an unneeded luxury). It's quite liberating.

[bitserve]

Unfortunately I am unable to sleep for several months in a row. Sometimes I would like I were able though

ludes

Hmmm, never tried... Anyway, probably would not mix well with my levels of alcohol consumption....

I will sleep like a baby after Bitcoin surpass ATH

Oh, I should have said *IF* Bitcoin surpass ATH... Too much optimism is not good.

[bitserve]

Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.

Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.

Nice bank. Crazy system. 1.7%.

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

They didn't kick you "simply for having" Bitcoins, which is surely not their fucking business.

You were using *THEIR* (lol) bank account to run something similar to an unlicensed money exchange business... without even being a business. And continued doing so after they warned you.

You were lucky they didn't report you lol

"Banking" FIAT (and even cash in some instances) has strict rules on what you can and what you can't do. If you are gonna use, at least try to not mix it with REAL MONEY or they will get angry and suspicious about you.

[vapourminer]

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

my bank has no issues with coinbase. yes i use coinbase, since 2013. never had any issues at all. the amounts ive moved have surely caught the banks attention as any individual transfers over 10,000 USD get flagged. and i dont try to hide them (called layering? i forget. theres a term when avoiding hitting the 10k limit, like 9700, 8500 etc). so i do 10k on the dot chunks.

[JayJuanGee]

Well, talked to the bank today about "selling the house for bitcoin", or to be more precise to take out a second mortgage, restructure my debts and "get some liquidity" as they put it. Good talk, and it's all settled. I'll be paying a llittle less each month, will have a substantial amount to invest in btc put in my account, and will also have a fixed interest rate for 20 years. Good times.

Of course they asked about what I wanted to the with "the liquidity", so i said I was looking to have some cash ready for when this whole cardhouse comes tumbling down, and invest in btc. That was a good enough explanation for them.

Nice bank. Crazy system. 1.7%.

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

They didn't kick you "simply for having" Bitcoins, which is surely not their fucking business.

You were using *THEIR* (lol) bank account to run something similar to an unlicensed money exchange business... without even being a business. And continued doing so after they warned you.

You were lucky they didn't report you lol

"Banking" FIAT (and even cash in some instances) has strict rules on what you can and what you can't do. If you are gonna use, at least try to not mix it with REAL MONEY or they will get angry and suspicious about you.

hahahahaha

Don't let inconvenient facts get in the way of Ibian's little fiction...

[btcbeliever]

Let's put up a new poll of when we think Bitcoin is going to hit $10,000.

[bitserve]

My bank kicked me out simply for having bitcoins. They demanded information about whatever transactions I make. Obviously I told them to fuck off, and that was that.

Had I gone along with it, they would eventually have pushed for more. Access to monitor my wallets, maybe eventually direct access to them or demanding that they hold them in custody. Be careful.

my bank has no issues with coinbase. yes i use coinbase, since 2013. never had any issues at all. the amounts ive moved have surely caught the banks attention as any individual transfers over 10,000 USD get flagged. and i dont try to hide them (called layering? i forget. theres a term when avoiding hitting the 10k limit, like 9700, 8500 etc). so i do 10k on the dot chunks.

It's called smurfing/structuring.

Yeah, be very careful not to do it, as that adds even more risk for being tagged and reported. Multiple periodic under-the-limit (whatever it is in your country) transfers would rise all the flags.

Also, it is completely different to send/receive money from a "well-known" exchange (which most banks should have no issue with)... than to make multiple "undocumented" CASH deposits into the bank account and/or make/receive bank transfers to unknown individuals.

[HI-TEC99]

Unfortunately I am unable to sleep for several months in a row. Sometimes I would like I were able though

ludes

Hmmm, never tried... Anyway, probably would not mix well with my levels of alcohol consumption....

The wolf of Wall Street says you can't even buy them anymore.