Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12095. (Read 26630383 times)

That was customer funds, not CB's own coins...

Those bastards got all that cash/crypto from all of us with their insane 1-1.5% fees.

There definitely shaping up to be strong correlation with the 2013-2015 cycle as has been noted by many. Have to see how January plays out with taxes and potentially bakkt. A eerily close fit would be on or around Feb. 1st at $2.45k or so. followed with 7 to 8 months of sideways followed with a new Bullrun and ATH. That being said it seems support is strong at the estimated mining profitability range of $3.8k+

I personally think that it will be similar but not exactly the same and hopefully we have seen the bottom already. #dyor


In other news the monthly candle just wicked back to green.

Also the largest transfer of crypto has happened apparently.

https://cointelegraph.com/news/coinbase-moves-5-billion-reports-largest-crypto-transfer-on-record

M

#stronghands2019

When I was younger, perhaps 5 NG per day might be my outer limit - especially if going on for many days in a row.  However, these days, with more elderly me, probably my tolerance would only be 2-3 NG per day.  

Of course, I am talking mostly theoretical here, because I am sure that rotating NG (meaning new ones each time) would likely be quite more instinctually stimulating than repeatedly same NG (or a smaller selection of NGs).  

This is one of those topics that would be much better for me to take the hit for the WO inquirers here and to personally test, rather than hypothesize.  

international meeting tomorrow with all of my crew.... big punishment, gonna laid off a few etc all on you JJG
gonna recruit a whole new team, on much more attractive payroll just to make sure you are not annoyed @ any time.



by the way its thursday STFU JJG .........................

Stop loss is at 3855.

Selling at $321359387.21

Not a donkey -  "like a donkey."   

so who is the gingerbread man??

This time around there would not be complete altcoin reckoning as long as there are funds with low cost basis in those as long as those funds have some positive fiat cash flows.
Some of those funds are highly concentrated in a particular alt (or a small group of them), hence they would defend their initial position(s).

I understand that you seem to be asking a rhetorical question, but I will answer anyhow, and that answer is:  No. 

So, it raises a decent point about whether such altcoin reckoning is a necessary condition precedent before BTC prices can rise or not?    Seems to me that the answer to my revised question is no, also, even though BTC price dynamics would likely be on stronger grounds for greater upwards movement with such shit coin shakening.... but also seems to wishful to hope for such to occur because the world does not tend to play out with such purism and clarity.   

Only good news, fine, we keep forward >>>

Bitcoin Payment Processor OpenNode Gets $1.25M From Investors

https://www.nasdaq.com/article/bitcoin-payment-processor-opennode-gets-125m-from-investors-cm1071687

Well, there would be 10^500 -21000000 Universes still ready for the picking with progressively miniscule alts, I suppose.
Prices would decrease, I gather, so just wait until then (best prices)  

That is nearly ridiculous logic that you are citing there, mic.  Get your team to help you to see the light.

Recall that in September 2017 bitcoin was in the midst - and even tail end of a bull market, and currently bitcoin seems to be in a bear market, so the price dynamics, and therefore momentum, are much different.

According to CoinMarketCap:

Last 24h Volume (overall): $25,339,041,596

Last 24h Tether Volume: $6,603,357,495

Correct me if I'm wrong, but didn't Tether use to have a lot more dominance in overall volume till a few months back?

Currently, only about 25% of the total USD 24-hour volume belongs to Tether.

Would that trigger your stop loss?

What are you doing then, besides shooting down the ideas of others?



By the way, I am not too much interested in the idea of mining bitcoin, but I can understand why some folks may want to get into mining as a medium to also learn more about the technicals behind BTC.  But, in terms of pure investing, or speculating, it is probably better to develop DCA buy strategies and to use fiat earned in regular life for that and to create a target accumulation, such as 1% to 10% of your investments or some other personally tailored investment goal.

Interesting statistic:

if you invested in Nasdaq stocks (as a group) at the peak of Internet in 2000, your average yearly returns since then would be 1.33% (much less than inflation).
Nasdaq return since 2000 peak is 28%, official inflation since then 46.4%
That's 19 years of almost nothing (and less than nothing in real terms).
Granted, you started with a bubble, but still, it's 19 years later....

depends what you do

I have had a very physically active work life.  It is time to throttle it back if I want to have joints to enjoy my dotage.

But, But, first I have to cope with my lack (or soon thereof) of ASIC equipment. The horror! The dismay. 5 plus years gonna have to go 'cold turkey' by Spring 2019.

(Believe it or not, still mining 4-year-old KNC Titans on Fujicoin (FJC) scrypt-N and heating

the house...I lose $25 a month at these prices directly but gain more in the heating of the house this winter, then the $25 loss. all with 12 Titan cubes.

The other 30 cubes are off at the data hall. Shut the hell off. KNC Titans got some major evil

going on, I mean Mordor level evil ...they never seem to die out!)

Anyway,

1) My current ASIC addition is coming to an end! (Ack! The horror! No more LED's and Whirly fan noises in the basement! Ack!)

2) Now I have also had to NOT look at prices this last year for BTC..that used to be a great hobby during the pump, that is taken away from me now as well.

3) Also, I'm having issues with watching the regular economy also, I expect a pretty good recession in the wings.

Yeah, I just have to go full John Steinbeck https://en.wikipedia.org/wiki/John_Steinbeck and retreat from the world completely.

(Hey, you are right, I can do that now, even with my diminished hoard, be like good old John, find an 'intern' (note quotes..snicker) ....

go live in woods...brilliant!

edit: by the by will need this satellite gizmo in the woods...to watch price (er..wait....damn it...the whole point was NOT to look at price!)

https://bitcointalksearch.org/topic/blockstreams-bitcoin-satelite-www-w-outernet-usb-reciever-2091860 Blockstream Satelite Setup

Aw ...frack ..will just keep watching BTC price I guess

BTC is a 'cruel mistress'