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

[LFC_Bitcoin]

^^^^^

It's all about setting realistic goals & what makes some people happy (price wise) some people will scoff at.
If I could pay off my mortgage through BTC I would be happy.
If we reach 2000 USD I'll most likely sell 75% & be very happy.

[Davyd05]

^^^^^

It's all about setting realistic goals & what makes some people happy (price wise) some people will scoff at.
If I could pay off my mortgage through BTC I would be happy.
If we reach 2000 USD I'll most likely sell 75% & be very happy.

it should be a mix of .. paying it down and accumulating more in the dips.. but I do see the value in owning your own property

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[inca]

Interesting discussion chaps.

Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.

We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying  until the price begins to rise again.

My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.

If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price  up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?

They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!

[BayAreaCoins]

So are we crashing up or down for the NY?

[LFC_Bitcoin]

Interesting discussion chaps.

Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.

We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying  until the price begins to rise again.

My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.

If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price  up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?

They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!

Yep.

What's the rush for some people?
I'll happily HODL for 15-20 years & then cash out if we reach the moon.

I'm 27, what's the rush?

How many people are really rich under the age of 40-45?

[marcus_of_augustus]

All in or go home.

[ChartBuddy]

Explanation

[inca]

All in or go home.

That's fine if you got in at less than ten dollars and btc becomes your entire net worth

For those of us with professional jobs and people to support going all in is not practically possible (however tempting!).

[molecular]

Interesting discussion chaps.

Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.

We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying  until the price begins to rise again.

My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.

If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price  up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?

They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!

No, I can't see 10 million buying a bitcoin. That would be 10 million bitcoins. Quite unthinkable.

I largely share your other thoughts... patience is a virtue.

[ChartBuddy]

Explanation

[Feri22]

All in or go home.

My man   

[bobboooiie]

Interesting discussion chaps.

Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.

We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying  until the price begins to rise again.

My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.

If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price  up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?

They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!

Yep.

What's the rush for some people?
I'll happily HODL for 15-20 years & then cash out if we reach the moon.

I'm 27, what's the rush?

How many people are really rich under the age of 40-45?

This pretty much shows up how much you thought about what you are investing into. If bitcoin is around in 20 years you are not going to be "cashing out" even if we are high in price or if BTC is the same value or lower and is only used to small money tranfers and at that point inflation probably killed your investment anyway.

[bobboooiie]

Interesting discussion chaps.

Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.

We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying  until the price begins to rise again.

My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.

If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price  up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?

They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!

I think neither halving or ETF are major reason for next big rally. What will be the real fuel is to simplify bitcoin enough for non tech savvy people and some financial crisis when people would panic and rush to buy bitcoins

[LFC_Bitcoin]

How does BTC reach the general public though?
What event will push BTC forward?

Hardly anybody is interested.
People compare BTC to the internet in 1995, will we follow the same path or are we destined for failure?

[JimboToronto]

BTW,  Any peeps who cry out "don't quote the trolls" this is simple debate, if you find it offensive, just go ahead and ignore me too.

Calling "troll" is one of the ways the early birds here deflect any sort of criticism.

Point taken.
I will refrain from using that term in the future.

Surely most people can tell the difference between honest discussion, including criticism, and obvious trolling such as spamming the same FUD repeatedly with an obvious intent to be annoying or insulting, or starting numerous negative threads with the same content, especially with several obvious sock-puppet accounts.

Even trolls are capable of occasional honest discussion. I don't think anyone minds worthwhile comments being quoted even when they come from well-established trolls.

Perhaps it's better to say "don't quote the trolling". Hate the sin, not the sinner.

As for "early birds" versus "noobs", perhaps it should be recognized that those with considerably more experience will have a different viewpoint from those who are relatively new to Bitcoin who form opinions based on limited experience or try to apply experience in other fields inappropriately to Bitcoin.

Of course more experienced posters must remain open to change and not allow themselves to develop a stubborn orthodoxy and reject new ideas.
________

In my observation, posters fall into three groups.

The "early birds" are those who were into Bitcoin before 2011, and saw the price go from less than a cent to over a dollar, bubble to over $30, crash to $2 and then bubble and crash twice more.

A second group are those who came on board in late 2011, 2012 and very early 2013 and witnessed (and participated in) the last 2 major bubbles.

The "noobs" are those who didn't really get into Bitcoin until later in 2013 after the last bubble to the ATH had already started.

Obviously those who've seen the price go from a penny to over $300 will have a different perspective from those who have seen it go from $1000 to less than $400 in barely a year.

Those in the middle group, including myself, will have a viewpoint somewhere in between those of the other groups..

[cbeast]

Interesting discussion chaps.

Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.

We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying  until the price begins to rise again.

My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.

If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price  up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?

They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!

I think neither halving or ETF arent major reason for next big rally. What will be the real fuel is to simplify bitcoin enough for non tech savvy people and some financial crisis when people would panic and rush to buy bitcoins

I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.

[JimboToronto]

If bitcoin is around in 20 years you are not going to be "cashing out" even if we are high in price.

Exactly. This is why I hope I never have to sell.

Hopefully widespread Bitcoin adoption will occur and I'll use my bitcoins to buy goods and services.

[molecular]

I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.

ASIC wallets?