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

[Lucius]

via Imgflip Meme Generator
Source

[1714139207]

1714139207

[bkbirge]

Interesting outlook, seems to me the more important part is the deflationary aspect. What's the current cost of miners to produce a btc?
https://cointelegraph.com/news/binance-ceo-changpeng-zhao-says-bitcoin-halving-not-priced-in-yet

Zhao noted that an asset’s price is determined by demand, not the cost of production, but expects that miners will not be willing to sell below the price of production.

Here's an outdated chart, wonder what the current numbers are...

source: https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06

[vapourminer]

goating accident

thats why sheep were invented.

[lightfoot]

Ok, side thought: If you saw this on a fashion runway, what would your first thought be:



Please God, don't say "Hey, they found my kink!"

[Last of the V8s]

Don't dox me bro. wtf

[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

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.

Oh, ok, not THAT bad as if they had just taken it all... but bad enough.

I also have my share of complains about Kraken (I even posted it in their thread here years ago), mostly LIMIT orders not being fullfilled when the price clearly (and according to their own high/low price) was reached and crossed. But I have come to accept it as some sort of collateral damage for my trading profits there and the unavoidable fact that a good amount of my BTC were bought there so I will have to use them to withdraw to bank when the time comes. Of course, what I have currently there is reduced to the minimum and I won't send more BTC until the first batch safely reach my bank.

I don't trust any exchange anyways. But I know I am (almost) forced to use them.

And you do good voicing your concerns/complains. Maybe some day they (all exchanges) will be forced to higher "standards" of trust and best practice rules... Unfortunately we are not there yet and it is good people is fully aware of the risks.

On the other side, my opinion about Bitstamp is almost perfect. A pity they raised their trading fees to ridiculous levels.

[Ibian]

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?

Yes. Been using it for years now, never any problems. They have changed their design fairly recently which I am not a fan about, but I suppose it makes sense to try to appeal to a growing market of relative normies.

[Globb0]

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

(Covering my name)

haha scam card they printed it the wrong way round   

Barcleys card Vosa

[Globb0]

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.

Maybe ironic the treat for myself way back was to spunk some money on bitcoins, its full circle.

[dragonvslinux]

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

(Covering my name)

haha scam card they printed it the wrong way round  

Barcleys card Vosa

Damn that's a nice job. This reminds me I need one of these real ones soon. Barely got any fiat left anymore, what's left is put aside for btfd
Cash is crap, but Bitcoin debit cards are great.

Edit: Is this the wrong round though...? Looks legit to me.



Source: https://www.coinbase.com/card

[bitserve]

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.

Maybe ironic the treat for myself way back was to spunk some money on bitcoins, its full circle.

Not "maybe"... completely ironic I have tightened my expenses to absurd limits just for being able to hodling moar. When I could be spending way more than before (I have always been very frugal) I am spending even less than before. Ironic is even an understatement.

[Globb0]

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.

Much like polo for me, at the moment I needed to flip out a large amount of coin it was conveniently tied up for ages with dead air from support.

As I have said before it was all a bit too convenient all the exchanges froze everyone, while someone was making big money and a top.

[jojo69]

...it was all a bit too convenient all the exchanges froze everyone, while someone was making big money and a top.

exactly

[bkbirge]

Here's an interesting article for those scanning about Coronavirus news...
https://blogs.sciencemag.org/pipeline/archives/2020/01/27/coronavirus

...no, this particular virus was not patented in 2015, and it is not some engineered bioweapon. There are no “natural” cures or preventatives that you can buy...

[LUCKMCFLY]

It is a clear demonstration of an inflationary economy of fiat money against Bitcoin.

In this table we see how much money would a person have now in $ if he/she would, in a given year (first column) buy BTC for $2 (average cup of coffee?) every day.

For example: if in 2012 somebody would buy every day BTC for $2 he/she could now sell it for ~$1M.

#bitcoin #btc

Source: https://twitter.com/digitalikNet/status/1230519543224832000

[kellrobinson]

Coffee cost averaging.

[LFC_Bitcoin]

Damn that's a nice job. This reminds me I need one of these real ones soon. Barely got any fiat left anymore, what's left is put aside for btfd
Cash is crap, but Bitcoin debit cards are great.

Edit: Is this the wrong round though...? Looks legit to me.



Source: https://www.coinbase.com/card

Your card numbers are on the back, printed horizontally.

[serveria.com]

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

Thanks for sharing! Well I had a suspicion these Kraken guys suck. I suspect that while you're cashing out cents it's ok with them, once you switch to like 50-100 grand or more they could suspend your account.   

[serveria.com]

We should get ready for the glorious cashout day which is coming soonish so any hints on where to do it safe, fast and efficient are welcome! Exchanges? OTC? Anything else? 

[LFC_Bitcoin]

I know somebody who has used Kraken to cash out large sums & he’s had no problems.

We should get ready for the glorious cashout day which is coming soonish so any hints on where to do it safe, fast and efficient are welcome! Exchanges? OTC? Anything else? 

OTC is supposed to be the best, speak to gentlemand.