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

[Arriemoller]

is this how it works in Sweden? 10% commish on a loan? Ridiculous, I might say..a shark's loan.
If you have means of repayment, OK, but not OK in most cases if you don't.
A leveraged play,which has a good chance of working...Good luck!

I missed that bit. 10%? Seems more like a payday loan to me. I'm sure it disappears into the APR on the loans I've had though.

Please see my answer to Biodom above.

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[Mpamaegbu]

1hr TF


4hr TF

It would seem that there's much room up there than down for Bitcoin to find a place, both on the 1hr and 4hr TFs. I don't even see any resistance up as it were right now.

[ChartBuddy]

Explanation

[savetherainforest]

MY

F^^^^^UUUUKKKK!!! ... I've just seen 'Proudhon' (< "sheep logo" >) in that grey "MY" you just wrote.         


( But in my defence, I did took like a bunch of blood thinners, some 150-200mg of magnesium carbonate, with 700mg of vitamin C, around 2 grams of Resvera(TROLL) (<<< as I like to call it... ), also I drank like a liter or more of coffee and finally I think just a few cognac cocktails. )     
 So........ Weeeeeeeeeeeeééééé.... I must be halucinating things, aka "proudhon" sheeps.        

[Arriemoller]

Morning!

So, I bought some BTC today for the first time since 2014.

I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.

Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this.
The plan is of course to repay the loan in full in December and do something fun with the profit.
I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.

So, as you can see the whole point is to make money without having to put in any of my own.

I like your thinking and this is something I did last year and enjoying the benefits of
this year but you are posting off topic here.

Have a look at this thread in the trading discussion board.

How weird is it to borrow money and invest into Bitcoin?

Looks like we’re about to bounce off the trend line. If things continue as they are, I could see hitting new highs in early October. Certainly that would be the beginning of a run to a blow off top sometime in early December. That is if you believe in fractals or stock to flow ratios.

100% so. We could hit an ATH already in September. After that the face-melting mother of all pumps will start. That's all SOMA of course. 

Traditionally September has not been a great month for Bitcoin but remember back in
April we said traditionally April was one of the best months and it turned into a
damp squib, hopefully September can buck the historical data.

Against better judgement I did write in the thread you mentioned, let's see how that goes.

[ChartBuddy]

Explanation

[shahzadafzal]

"Here we are faced with the problems of loss of privacy, creeping computerization, massive databases, more centralization - and [David] Chaum offers a completely different direction to go in, one which puts power into the hands of individuals rather than governments and corporations. The computer can be used as a tool to liberate and protect people, rather than to control them."

[Arriemoller]

Autumn is here
Lovely earthy smells all over
Nature is resting

[ChartBuddy]

Explanation

[Mbitr]

50K - Where are you

[Arriemoller]

Borrow money now
Sell it all in December
Enjoy the profit.

[Arriemoller]

50k's a tease
Going back to it's safe place
Like a scared virgin

[ChartBuddy]

Explanation

[vapourminer]

Autumn is here
Lovely earthy smells all over
Nature is resting

crazy scary storms
not resting much now it seems
trees down all over

power is now out
homesteads are all dark right now
disaster is here

no power for us
generac to the rescue
as long as fuel lasts

#haiku

[ChartBuddy]

Explanation

[Phil_S]

Friday pumps?

Or coincidence?

[ChartBuddy]

Explanation

[fillippone]

Friday pumps?

Or coincidence?

I saw a graph on Twitter the other day (or was it here?) highlighting Fridays pump. It was a striking evidence.
I am going to reproduce it if I cannot find it.

[ImThour]

50k's a tease
Going back to it's safe place
Like a scared virgin

this got me lmao.

[El duderino_]

Bitcoin fixes this