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

[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.

[InvestorPerson]

It's happening:

Page 9696......


Even upside down is 9696.

that's spooky

must be a sign, better BUYSELL now!

[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.

Precisely, first traditional bank adopting Crypto?

Not sure about Neo Bee being traditional.  Traditional for a Bitcoin bank, perhaps.  But it cummed before this Johnny-cum-lately



*Arguably Pirateat40's Bitcoin Savings and Trust was the first, but most Bitcoin financiers and captains of industry don't like to be reminded.

[adamstgBit]

339 . Damn its going down again

[S3052]

339 . Damn its going down again

;-)

[JayJuanGee]

My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen.  I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.

IMO only 2 things are going to stop this bear - an ETF in the US (COIN or 2nd trust) or within 6 months of halving.  I also still question if the ETF will really have rocket power as these coins are not newly minted being bought but just coins Winklvii are selling so if they decide to keep the fiat and not buy anymore more coins is there really going to be a net gain?

I believe it is inaccurate to characterize  the COIN ETF as a Winklvii selling of BTC, even though the creation of such an entity creates greater BTC liquidation opportunities and specifically greater BTC liquidation opportunities for those two brothers..   

Nonetheless, from my understanding the Winklevii currently have a little more than 100K coins, and also from my understanding the ETF has to acquire more coins in order to be economically viable... so in essence, the Winklevii plan to, at least, double the quantity of their BTC holdings with the ETF.... We will see how the ETF plays out regarding BTC prices and demand pressures on BTC, yet overall I am with you and share some of your skepticism regarding whether any approval of the COIN ETF will cause any significant skyrocketing of BTC prices.

[spooderman]

a bitcoin bank?

wow! what won't they think of next?

[janos666]

339 . Damn its going down again

;-)

You should update your forum "avatar" to better reflect the actual market trend.

[redsn0w]

339 . Damn its going down again

;-)

You should update your forum "avatar" to better reflect the actual market trend.

He cannot update his avatar , this is the real problem  .

[touhonoob]

@PanteraCapital
"There has never been a #bitcoin bull cycle with less than a 3.3x return." http://bit.ly/btcsept 
https://i.imgur.com/azn3Qkf.png