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

[infofront]

Interestingly, it looks like gold has been tanking the last couple days too. So much for the safe havens.

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[bkbirge]

Interestingly, it looks like gold has been tanking the last couple days too. So much for the safe havens.

China fleeing to cash? Seems self-destructive but I guess the shops don't take crypto for rice buns.

[Globb0]

Btw a total random (a friend but not a coiner) called me just like 2 minutes ago ... To ask for information and help to set up an exchange for buying Corn .... Then he said but will I buy or wait cause the market always between 9.5 and 8.5k...  Why ending the conversation with the classic n00b ending 

Gotta instruct him the DCA strategy but I hope he's not to big of a job to explain to

Quite jealous you have all these RL friends.  

[ivomm]

....

I told myself I’d always keep X amount of fiat in savings. I’ve spent 75% of my fiat savings on corn which included some inheritance from an Aunt in the last 18 months.

So much for being sensible.

Oops!

Fiat savings are junk though, I’ll make way more probably in just 6 months from corn appreciating in value than I would in decades sitting in a UK bank.

I couldn't agree more. The funny thing is that the only extra cash I planned to save for this year was for a vacantion in Italy or France. With this corona shit going on, obvioiusly I won't need that fiat, so I continue to be 0% in terms of fiat savings. I think as long as the safety precautions regarding keeping and transferring bitcoins are taken, there is no risk in being your own bank. Banks aren't safe, there are numerous thefts from bank accounts by bank employees, drained credit cards, etc. The best you can achieve in this fiat world is to maintain a parity between USD and Euro savings.

But what will be the gain compared to Bitcoin in longterm? 0% compared to 10x, 100x, etc... I prefer to hodl until I retire in 20 years rather than to keep some nonsense fiat. I am happy to live with Bitcoin and my mind is focused on increasing my stash, rather than selling for fiat. Hopefully in few years, we will be able to buy real estate worldwide with bitcoins, so the banks may not be needed at all.

I am not so sure if we will see 100K in the next 3-5 years, but if not, I will continue to DCA and find another resourses in case of emergencies. Even if we imagine for the sake of bear trolls that in the next 20 years we will stay at the current levels, if we continue to DCA, in the end the price will go somewhere near 20K and we all be millionaires. So it is a win win situation. It always has been. But of course, most probably, even under 10 years we will see prices above 100K. It is only 10x from now, so if we have another year like 2017, this may happen any year. However, it will take more time for the price to stabilize above 100K and achieve some epic ATH's around and above gold's.

[rdbase]

Btw a total random (a friend but not a coiner) called me just like 2 minutes ago ... To ask for information and help to set up an exchange for buying Corn .... Then he said but will I buy or wait cause the market always between 9.5 and 8.5k...   Why ending the conversation with the classic n00b ending  

Gotta instruct him the DCA strategy but I hope he's not to big of a job to explain to

Then move them on to the hedge funds  

When BTC ETF!?

[fillippone]

1BTC=1BTC
PlanB reassure all of us!
Please disperse, nothing to see here:

Drunk and dog seem to stay very close to eachother approaching May 2020 #bitcoin  halving.
s2f.hamal.nl/s2fcharts.html

[Wekkel]

Blood on the streets. Panic. The Best of Times.

This is where bull markets are born.

HODLing like a champ 

[LUCKMCFLY]

Nice..High expectations for Bitcoin Halving.

#bitcoin cycle low multiple

Source: https://twitter.com/ChartsBtc/status/1232697833603485696

[Phil_S]

Time to buy some dip, I guess...

Wait for $8500.

[2020VISION]

Blood on the streets. Panic. The Best of Times.

This is where bull markets are born.

HODLing like a champ  

8k next stop 4k?    ~weeeee HODLLLLL gogogoggg!!

[vapourminer]

is this the part where we drink every time it goes under 9000?

hey some people havent recovered from the last time we did this.

[2020VISION]

Interestingly, it looks like gold has been tanking the last couple days too. So much for the safe havens.

China fleeing to cash? Seems self-destructive but I guess the shops don't take crypto for rice buns.

bitcoin gasmasks still available in mongolia? :-D lets go shitcoins!!! reeeeeee

[bkbirge]

Time to buy some dip, I guess...

[El duderino_]

Time to buy some dip, I guess...

Wait for $8500.

Naaaah a brother can miss out cause greediness of a couple bucks difference

[Ibian]

It's not sudden enough yet. Buying now just risks a bigger dip soon.

[El duderino_]

It's not sudden enough yet. Buying now just risks a bigger dip soon.

Not buying cause risks of a bigger DIP is the most dumb stupid to say when the intentions are buying anyway, what of the risk of a big PUMP and being left behind with a 100% of FIAT that you wish to invest....
Don’t talk stupid please, the DIP is nice to buy, or at least a part of the FIAT that you wish to invest....

Don’t always say everything different as it is, it’s annoying.

The risk is on two sides, the blade cuts an both sides!

[Ibian]

It's not sudden enough yet. Buying now just risks a bigger dip soon.

Not buying cause risks of a bigger DIP is the most dumb stupid to say when the intentions are buying anyway, what of the risk of a big PUMP and being left behind with a 100% of FIAT that you wish to invest....
Don’t talk stupid please, the DIP is nice to buy, or at least a part of the FIAT that you wish to invest....

Don’t always say everything different as it is, it’s annoying.

The risk is on two sides, the blade cuts an both sides!

100+ dip since my last post. Let's see how things age.

[El duderino_]

It's not sudden enough yet. Buying now just risks a bigger dip soon.

Not buying cause risks of a bigger DIP is the most dumb stupid to say when the intentions are buying anyway, what of the risk of a big PUMP and being left behind with a 100% of FIAT that you wish to invest....
Don’t talk stupid please, the DIP is nice to buy, or at least a part of the FIAT that you wish to invest....

Don’t always say everything different as it is, it’s annoying.

The risk is on two sides, the blade cuts an both sides!

100+ dip since my last post. Let's see how things age.

Wow you always catch the exact bottom of the DIP? That’s a game changer of-course, happy to meet a true master

Cheers

[AlcoHoDL]

Right, it’s low enough now. Logging onto laptop to buy 0.5BTC.

... for my wage to arrive at my bank account later today. I am going to place a huge buying wall of 0.077BTC at CB. This will stop the crash for sure!   Bears, you have been warned!  

I told myself I’d always keep X amount of fiat in savings. I’ve spent 75% of my fiat savings on corn which included some inheritance from an Aunt in the last 18 months.

So much for being sensible.

Oops!

Fiat savings are junk though, I’ll make way more probably in just 6 months from corn appreciating in value than I would in decades sitting in a UK bank.

I've done almost exactly the same thing...

But, as things turned out, leaving a good amount of money in fiat wasn't the wisest thing to do... Had I invested everything in Bitcoin back in 2015, I would now have multiplied it by a factor of at least x50. And I could still convert the original capital (or more) to fiat and keep the rest in Bitcoin.

But playing with your life's savings like that is a risk, and going all-in isn't easy. Still, I can't complain. My 75% investment has paid off VERY nicely, and is expected to rise even more, perhaps an order of magnitude more that today's numbers. This was a wet dream 5 years ago, but now it's a possibility.

I don't know if that's an optimal strategy, but I can tell you that I sleep really well at night.

[El duderino_]

Already good you waited these last minutes Ibian  

Please face an imminent pump #now