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

[LFC_Bitcoin]

Alrighty, got my scammy exchanges mixed up. Out of curiosity, is that coinbase visa thing good for europeans?

I’m British so yeah

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[Last of the V8s]

64 cypherpunks and/or murdered journalists just turned in their graves but whatfuckingever as long as us latecomers can fritter away our satoshis on lattes then later be fucked over by the taxman all is well

[serveria.com]

Coinbase VISA - I’m an early adopter, had it 3 weeks 

(Covering my name)

What a piece of shite this card is! Had it for about 6 months and all went smooth then it just stopped working. There's no phone support, no live chat nothing. Tried to email them but only got a reply after 15 days and several follow-ups. They told me to re-link the card to the CB account or something. I followed their instructions but no go. Reinstalled the app... nadaaaa. Tried another phone... nope. Not recommended, mate. 

[nutildah]

Coinbase VISA - I’m an early adopter, had it 3 weeks 

Your fingernails look a lot like mine. 

(Covering my name)

HAKT!

[LFC_Bitcoin]

Your fingernails look a lot like mine.

[serveria.com]

I only got it in preparation for the next epic rise. I’ve only spent £100 worth of corn on it.

HairyMaclairy was giving some good advice a few weeks back. He told us to be a fucking boy scout, open as many bank accounts as you can, get registered on loads of exchanges, be prepared for the next bull run because it’s going to be life changing.

I’m KYC’d & ready for unlimited withdrawals on -

Localbitcoins
Stamp
Coinbase

I’ve got a Bittrex account, I’ve now got 4 fiat current accounts. I am ready!

Is Kraken any good?

[Lambie Slayer]

Good morning, being above 10,000 looks good.



They say the same as us, but they go into more details.

ergo, JJG is female.

His salty cunt does qualify him for quasi-female status.

[Lambie Slayer]

I only got it in preparation for the next epic rise. I’ve only spent £100 worth of corn on it.

HairyMaclairy was giving some good advice a few weeks back. He told us to be a fucking boy scout, open as many bank accounts as you can, get registered on loads of exchanges, be prepared for the next bull run because it’s going to be life changing.

I’m KYC’d & ready for unlimited withdrawals on -

Localbitcoins
Stamp
Coinbase

I’ve got a Bittrex account, I’ve now got 4 fiat current accounts. I am ready!

Is Kraken any good?

In my experience yes. Have used them for years with no problems at all.

[JSRAW]

[vapourminer]

Enough with this 1 to 10 percent.  10 percent should be the minimum a coiner invests in King Bitcoin.  Also long term winning for Bitcoin is guaranteed as long as humanity doesnt go extinct.

that was a joke, right?

if you cant afford the possibility for all your bitcoins value to drop to zero in an instant and just smile and say "well that was one helluva ride while it lasted" and just carry on like nothing happened (more or less) youre doing it very, very wrong.

EDIT: but if youre young i suppose ones outlook differs from those of us that are ancient and decrepit.

[Lambie Slayer]

"Some Bitcoin promoters are deliberately misrepresenting my concession that anyone who bought Bitcoin 10 years ago and sells now will make money as an endorsement of buying #Bitcoin today. It is not. Those who buy today and sell 10 years from now will likely do so at a loss."

https://twitter.com/PeterSchiff/status/1229742185651851266

LOL, I wonder what he will say as the years go by and he gets proven wrong over and over, just like for the last 6 or 7.

So far, history has shown that bitcoin has always been higher at any point 4 years after purchase, and of course, at some point that might no longer be true.  There is also the problematic nature that an investment, such as bitcoin that starts from zero is going to have pretty steep performance once it gets a value that is much above zero... So for example, maybe we could start measuring bitcoin's value in 2011, and bitcoin was valued in about a $2 to $7 price range for a large portion of 2011.  Seems like a decently fair starting point to start measuring bitcoin's advancement from there.

Also, we know that no investment is guaranteed, but bitcoin still seems to show pretty strong signs of continuing to be a good investment, even looking at a 10 to 20 year time horizon into the future.. and one thing about being a free-willed individual, we are empowered to change our minds or our investment strategies at any time that we chose, but those people who have invested into bitcoin and have held their bitcoin for longer periods have tended to do well with their bitcoin investments (so far), and even though there is no guarantees about future performance based on past performance, the current evidence still seems to support bitcoin as an investment, at least as a way to hedge 1% to 10% of investment assets and currently, there is no real evidence to suggest that anything is changing in regards to the ongoing investment thesis into bitcoin, except perhaps becoming stronger and stronger and stronger with the passage of time in a kind of Lindy effect kind of way.  

Like Lambie bambie asserts, seems like Peter is going to just continue to be wrong and wrong and wrong, but stubborn as Peter is, he is NOT likely to give up with his nonsense, even if he is shown to be a fool in the next 10 years. My small nuts and lack of conviction make me scared to invest too much of my portfolio in the King

Enough with this 1 to 10 percent.   10 percent should be the minimum a coiner invests in King Bitcoin.  

You do what the fuck you like, lambie bambie.  I could give less than two shits. Everytime you expose me it makes my blood pressure soar, but I cant resist writing walls of texts to try an provoke you anyway. Im a glutton for punishment.


This 1-10% message is talking to the everybody and to the no coiner to get the fuck off of zero.  Hey, yeah, I get it that many active participants in this thread are already off of zero and are already likely in the 1-10% arena, if not higher, but ultimately, whatever people do, they are best to be tailoring their approach to their own situations in terms of their cash flow, other investments, view of bitcoin versus other investments, timeline, risk tolerance and time and skills to learn more and/or manage their portfolios including trading and making sure that their life expenses are adequately covered. I have very specific and detailed recommendations for newbs and it makes me crazy when anyone says anything contrary. I spent half my free time typing walls trying to get newbs to make countless incremental buys and sells instead of just hodling.

Getting off of zero is going to come a long way for a lot of people, especially since we still likely are not even approaching 1% of the world population into bitcoin in any kind of meaningful way.

Likely 1-10% speaks to people who are already balls deep into bitcoin too at least in terms of already establishing their initial stake into bitcoin, and surely there is going to be a decent amount of variance in terms of when people got into bitcoin.  Some people may have started out investing into bitcoin in a bit of a timid manner or they really did not have a lot of capital to inject into bitcoin from the start, and they may have even witnessed the 2015-2017 price run while being on the low side of 1-10% or even that amount of money did not add up to very much for them because se they did not have a lot of capital that they were able to work with. I love tedious detail about hypothetical scenarios, it gives me infinite things to type walls about.

So, yeah, there is likely little to no get rich quick with bitcoin, even though there can be some gambling towards making bets that bitcoin is going to do another exponential growth that did pay off with some luck or could pay off again with some luck, and surely I do not recommend that anyone invest like that, even though there are certain number of people who might be inclined in that direction, and that is on them to tweak their style in that direction, if they so choose.Once I lay out a tediously detailed hypothetical list of scenarios, I like to make some obvious truisms and then white knight myself about how I would never recommend something silly.

Also long term winning for Bitcoin is guaranteed as long as humanity doesnt go extinct. Incorrect usage of my name will result in more GayJaunGee branding as well.  

If you are so fucking stupid as to really believe that long term winning in bitcoin is guaranteed, then that is your choice.  I doubt that very many prudent people agree with you and/or are willing put everything on black in that direction.  I certainly would not recommend such a gambling approach with anything more than a fraction of anyone's wealth or credit.If I had the courage of conviction you have Slayer I could probably pry myself away from this keyboard and get some fresh air.

Surely, if anyone has already been able to ride out one or two exponential periods of bitcoin's growth while having a decent amount of value invested into bitcoin, then there are good chances that the bitcoin portion of their investment has sufficiently increased in value in which they are faced with decisions about whether to reallocate or the extent to which to reallocate - which is also going to depend on their individual circumstances, including their cash flow, other investments, view of bitcoin versus other investments, timeline, risk tolerance and time and skills to learn more and/or manage their portfolios including trading and making sure that their life expenses are adequately covered. What many call a paragraph, I call a run-on sentence. I like not separating my thoughts into complete sentences. It makes my walls of text even more boring and rambling. My goal is to annoy everyone unless they praise my silly incremental daytrading system.

If someone has their life expenses adequately covered and they are pretty solid in their various investments, I surely do not recommend reallocating back down to 1-10%, especially if their gained value has come from bitcoin price appreciation.  There is a kind of concept in investing regarding increasing your chances of getting richie faster and to a higher level by letting your good investments ride (rather than reallocating them), and I am surely not opposed to such an approach to bitcoin, including that I personally invested a bit over 10% in 2013/2014 to establish my initial stake in bitcoin, but my BTC portfolio has grown to become a much greater than 10% portion of my wealth, and in about early 2017 I decided to let that bitcoin aspect ride and have reconfirmed my "let it ride" commitment on a large number of occasions since then.   I invested 10 percent of my portfolio in the King, but 90 percent of my time into typing walls. The foolishness of this speaks for itself. It explains why I am so salty to Slayer who went all in(100 percent net worth) during 2014. He liquidated an investment portfolio he had spent over a decade building in order to go balls deep in the King. No homo.

But, I consider that my particular fortune in bitcoin should not be skewing either my discussions of the topic in a thread like this with "everybody" or my discussions with the no coiner / fence sitter or the under committed bitcoin investors, and starting with 1% to 10% remains as great starting out recommendations.... that is surely able to be tweaked by anyone who really embarks upon engaging with the various aspects of his/her own situation to tailor his/her BTC investment approach to his/her circumstances -  even while I also understand that if someone is really young, this category of person might hardly have any investments at all, and for those people, they might start out only investing in one asset while they are building their initial stake, which could end up being bitcoin and then branching out after their investment has had some time to mature and appreciate (hopefully, in the case of investing all into bitcoin, their remains a prudent approach that does mature and price appreciates). Did I tell you I specialize in run-on sentences. It helps me type the walls faster and provides maximum boredom to the reader. Just the way I like it!

I do get the sense that you, lambie bambie, might be one of those snot-nosed younger investors who surely might not have any other investments or responsibilities in life, and surely in those kinds of cases, it could surely be prudent to start out aiming towards 100% start in terms of establishing a stake, and then diversifying as the investment grows including as you might start to perhaps acquire some real world expenses after you move out of grandma's basement.  So, yes, I will concede that there could be some people in which 100% starting out in bitcoin only could be practical and prudent while establishing early investment capital, but that still does not mean that any of this kind of investment approach is generally applicable or that it would even be a prudent approach for a more mature investor who might have a complicated set of expenses and life style that is already staring them in the face while they are considering getting into bitcoin by getting off of zero.If I had more balls I would just admit that selling one's stocks, bonds, t-bills, and mutual funds to invest solely in the King is actually a great idea. I just wish I had done it like Slayer. Im just too frightened to get rid of my other shitty investments like he did.

Kudos on being so open about everything GayJaunGee.  

Ill talk with your programmers about whipping up some updates to fix those pesky run-on sentences.

I'm sure all your problems can be fixed if you keep working on being a better bot and buy more Bitcoin.

[jojo69]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

[...]

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

Funny, those are the first things I would skip to not have to spend my bitcoins.

right?

rice and beans motherfucker, I haven't even gotten new glasses since I lost mine

[vapourminer]

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

treating ourselves to something extra every now and then via btc i mined or bought is the deal i made with my wife when i 1st got into btc.

gotta take profits at some point. we certainly enjoyed our "upgrades." works for me as this all could still take a digger.

[jojo69]

Is Kraken any good?

fuck Kraken in their tentacled face

-froze our account with almost no notice

-ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing.

-after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state.

lost a lot of money there

[Lambie Slayer]

Enough with this 1 to 10 percent.  10 percent should be the minimum a coiner invests in King Bitcoin.  Also long term winning for Bitcoin is guaranteed as long as humanity doesnt go extinct.

that was a joke, right?

if you cant afford the possibility for all your bitcoins value to drop to zero in an instant and just smile and say "well that was one helluva ride while it lasted" and just carry on like nothing happened (more or less) youre doing it very, very wrong.

EDIT: but if youre young i suppose ones outlook differs from those of us that are ancient and decrepit.

Absolutely not a joke.

10 percent invested in the King is conservative. Freeing humanity from money printing induced debt slavery is worth more than 10 percent of one's portfolio imho.

Most of the global populations investment portfolio consists of a bank account or mattress with some fiat in it. For them to invest less than 10 percent is highly unwise.  

[Lambie Slayer]

81 days to the Halvening and all is well. 

[LFC_Bitcoin]

Lambie, I’m over 90% in the King.

I have my home & an apartment but if you don’t include them then I’m over 90% in bitcoin.

[bitserve]

Is Kraken any good?

fuck Kraken in their tentacled face

-froze our account with almost no notice

-ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing.

-after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state.

lost a lot of money there

Did they simply took your money and just tell you to fuck off?? :-O

[bkbirge]

Seems like central banks are doing everything they possibly can to avoid adopting bitcoin. At some point they'll cave and just use the solution already provided instead of trying to reinvent the wheel...
https://cointelegraph.com/news/brazilian-central-bank-promises-instant-payment-platform-to-compete-with-crypto

“Pix came from a need for people to have a payment instrument that is both cheap, fast, transparent and secure, If we think about what has happened in terms of the creation of Bitcoin, cryptocurrencies and other encrypted assets, it comes from the need to have an instrument with such characteristics."

[jojo69]

Is Kraken any good?

fuck Kraken in their tentacled face

-froze our account with almost no notice

-ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing.

-after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state.

lost a lot of money there

Did they simply took your money and just tell you to fuck off?? :-O

I was forced to convert the entire account to BTC at a significant loss in a tight timeframe to move it off the platform.

The timing of these events was...not good.

Had "support" not had their heads fully inserted and had told us what was up at the beginning I would have had weeks to trade out in an orderly fashion...but no.

Incompetence or malice?  With Kraken you get to take your pick.  tm


I have told the story several times here, so my apologies to anyone bored by its repetition, but this account is the only revenge I get in this situation.  I am never going to shut up about it.