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

[octaft]

I figure the worst case scenario would be the price stagnates until the halving in 2016.

You had the worst case scenario right the first time:

Bitcoin could go to zero.   

[LFC_Bitcoin]

We have to have patience.

When does big money ever come easily?

I'm 28, if BTC explodes when I'm 55-60 then I will have a great retirement.

I don't expect to become rich from BTC soon, it just won't happen.

If people can't stand the wait then get out & sell.

I'll buy your coins.

[BitChick]

Well, the good news is that even if we sell at $275, that is above our entry point.  So the plan is sell only when totally necessary!    The question is more about what is deemed "necessary."  If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.)  I think part of me feels like it is a game of who can wait the longest.  There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out!  Hodl on!  

Sometimes I wonder if some of you even account for the possibility that the huge runups might be over.

It is about risk vs. reward.  Sure, the "runups" might be over.  In fact, Bitcoin could go to zero.  

However, it could still be very early in it's growth and we could see $100,000 per coin or more.

The question then becomes is the risk worth the reward?  I believe it is a resounding YES!

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

So that is why we are willing to be "all in" with what we have.  For some of us, we had very little to begin with and if we end up back to where we started we can at least say we gave it a shot.  That is a much better feeling than seeing the price rise to $1000, $5000, $10,000, or even $100,000 someday and then crying, "Why didn't I invest when it was $350!  

When I say accounting for the possibility, I don't mean simply accepting that bitcoin could go to 0. I literally mean accounting: do you all have a financial plan so that you will be okay even if bitcoin does go to 0. Racking up huge amounts of debt that you won't be able to pay off if everything goes to hell is not really a great plan.

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

[NotLambchop]

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of.
...

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

[octaft]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

[BitChick]

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of.
...

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

Thank you government for "protecting us" from great investment opportunities and only letting the ultra rich, that already have plenty of money, take risks so that they can make even more money.  I really appreciate that!

But it is legal for the poor to go to Vegas or buy lottery tickets and gamble it all away.  

Some of us are aware of the risks.  We are taking some "risks" but that is part of the freedoms we have a right to as Americans I would like to think.

[NotLambchop]

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

 

I think I will be fine.

Yeah, because government safety net.  You'll be fine because I pay taxes.

[BitChick]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

True.  The rules of Bitcoin should be:

1) Only invest what you can afford to lose all of.
2) Invest as much as you possibly can knowing this.
3) Have a plan for taking advantage of the "bubbles" if and when they come, and do so with as little emotion as possible.

[redsn0w]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

True.  The rules of Bitcoin *(all investment) should be:

1) Only invest what you can afford to lose all of.
2) Invest as much as you possibly can knowing this.
3) Have a plan for taking advantage of the "bubbles" if and when they come, and do so with as little emotion as possible.

A little correction .

[conspirosphere.tk]

Number of transactions very close to an ATH. Interesting.

https://blockchain.info/it/charts/n-transactions?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

[LFC_Bitcoin]

I'm self employed.
I declare as little as I can.
HMRC can get fucked

[BitChick]

We will get a good little tax return next year that will pay most of the credit cards off.

The question is more about wants than needs I think.  New carpet, new couch, a larger college fund for kids, better vacations,etc.  But delayed gratification never really hurt anyone.  As for college, I know many kids take out loans.  We just want our kids not to have to deal with any college loans at all.

We are not going to lose the house or anything if that is what you are worried about.

While you were the inspiration for my curiosity, it was more of a general question. I think there will be more than a few people who would be financially obliterated if bitcoin were to take an enormous hit, and that should be unacceptable for them, for their own sake.

True.  The rules of Bitcoin *(all investment) should be:

1) Only invest what you can afford to lose all of.
2) Invest as much as you possibly can knowing this.
3) Have a plan for taking advantage of the "bubbles" if and when they come, and do so with as little emotion as possible.

A little correction .

Not all investment opportunities are as amazing as Bitcoin though.  Like Warren Buffet says, "Invest all your eggs in one basket and then watch that basket!"

Bitcoin is my basket of choice.  So far, I am not disappointed in the outcome (Would like another bubble at some point of course.) 

[ChartBuddy]

Explanation

[NotLambchop]

In a way, we all have the chance to become venture capitalists in Bitcoin with any small amount we are willing and able to throw in.  Usually these kinds of investment opportunities are not available to the "little people" or people like me with very little money to throw in.  By the time we get the chance to invest in the best companies, the VC's have already made millions and moved on to the next investment. These VC's are the risk takers.  They throw money into companies that lose everything.  However, for the few that make it their reward is beyond what we can imagine because most of us do not get those kinds of opportunities.

She gets it - BTC is the first truely public IPO in which we could see the actual price and be a part of.
...

The government tries to protect investment aficionados such as yourself from losing all of your money, as is already the case for many in this thread.
Not because it cares about you, but because it doesn't want to support you when you come begging for assistance after your money's gone.

Thank you government for "protecting us" from great investment opportunities and only letting the ultra rich, that already have plenty of money, take risks so that they can make even more money.  I really appreciate that!

But it is legal for the poor to go to Vegas or buy lottery tickets and gamble it all away.  

Some of us are aware of the risks.  We are taking some "risks" but that is part of the freedoms we have a right to as American's I would like to think.

Your investings are a few magnitudes of absurdity loonier than going to Vegas (and expecting to get filthy rich).
Enjoy the handholding from my evol alter ego, Reptilia



  ~Your Beneficent Reptilian Overlords.

[BitAddict]

Number of transactions very close to an ATH. Interesting.

https://blockchain.info/it/charts/n-transactions?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

But meanwhile fiat in exchanges going down. That probably means users spending bitcoins mainly through merchants and sending to exchanges to sell them.
Also I think there are more users, but they're not bringing fiat, so this not going to rally to an ATH because of them. But well, at least it is creating a base of potential future investors. As usual most of them will feel the urge to invest as soon as bitcoin would be in another bubble hitting 2x ATH.

[touhonoob]

World's First Crypto-Currency Bank: Fidor Bank AG and Kraken Welcome Potential Partners in Establishing Banking Platform
http://www.prnewswire.co.uk/news-releases/worlds-first-crypto-currency-bank-fidor-bank-ag-and-kraken-welcome-potential-partners-in-establishing-banking-platform-281077152.html
https://www.cryptocurrency-bank.com/

[NotLambchop]

World's First Crypto-Currency Bank: Fidor Bank AG and Kraken Welcome Potential Partners in Establishing Banking Platform
http://www.prnewswire.co.uk/news-releases/worlds-first-crypto-currency-bank-fidor-bank-ag-and-kraken-welcome-potential-partners-in-establishing-banking-platform-281077152.html
https://www.cryptocurrency-bank.com/

Nonsense.  Neo Bee was the first Crypto bank.



Photo courtesy of Neo Bee, Bitcoin's premiere bank.

[redsn0w]

World's First Crypto-Currency Bank: Fidor Bank AG and Kraken Welcome Potential Partners in Establishing Banking Platform
http://www.prnewswire.co.uk/news-releases/worlds-first-crypto-currency-bank-fidor-bank-ag-and-kraken-welcome-potential-partners-in-establishing-banking-platform-281077152.html
https://www.cryptocurrency-bank.com/

Bitcoin doesn't need a bank , OMG .

[touhonoob]

World's First Crypto-Currency Bank: Fidor Bank AG and Kraken Welcome Potential Partners in Establishing Banking Platform
http://www.prnewswire.co.uk/news-releases/worlds-first-crypto-currency-bank-fidor-bank-ag-and-kraken-welcome-potential-partners-in-establishing-banking-platform-281077152.html
https://www.cryptocurrency-bank.com/

Nonsense.  Neo Bee was the first Crypto bank.

Precisely, first traditional bank adopting Crypto?

[JayJuanGee]

It's happening:

Page 9696......


Even upside down is 9696.