https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
Quote
There are two main forms of wealth in today's world. Land and cryptocurrency.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13804. (Read 26720873 times)
May 27, 2018, 06:59:44 AM
This article made my day. Check it out guys; written in 2014, and till now, the price predictions have remained extremely accurate:
https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
May 27, 2018, 06:52:31 AM
BTC price movement is making it's way down to the long-term trend support line that had like 6 touches since October, and it lines up at around 6900 right now.
I have my buy orders set just above 7k, hoping they'll hit soon and we can start our reversal.
If we break below that trend line we're probably looking at a prolonged bear-market, but I doubt that will happen. On the upside we will however need some more volume to get through that 200DMA
I have my buy orders set just above 7k, hoping they'll hit soon and we can start our reversal.
If we break below that trend line we're probably looking at a prolonged bear-market, but I doubt that will happen. On the upside we will however need some more volume to get through that 200DMA
May 27, 2018, 06:50:34 AM
@TERA2
I think I surely don't have anything to apologize for, amirite?
I think I surely don't have anything to apologize for, amirite?
May 27, 2018, 06:50:12 AM
I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new devices their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not.
That said, what we can expect to happen in the next 3 months. When 0.1$ el. price asics are turned off, this will buy some time but not much for the 0.4-0.6$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts:
https://whattomine.com/asic
https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart
https://diff.cryptothis.com/
That said, what we can expect to happen in the next 3 months. When 0.1$ el. price asics are turned off, this will buy some time but not much for the 0.4-0.6$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts:
https://whattomine.com/asic
https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart
https://diff.cryptothis.com/
Is Jihan still using his proprietary mining hack to get more coins on bcash than other miners? Or are the only people mining bcash using his algorithm?
Too bad for him the Segwith fork fixed that.
May 27, 2018, 06:45:41 AM
I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not.
That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts:
https://whattomine.com/asic
https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart
https://diff.cryptothis.com/
That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts:
https://whattomine.com/asic
https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart
https://diff.cryptothis.com/
May 27, 2018, 06:02:33 AM
50 years old without any savings, god daym, this story is sad as fuck.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
"Missing the crypto train" is mostly an overused term due to the bear market we are having but if this market started to shift upwards you can probably be able to ride with other traders as well. Also it is sad to imagine his current situation but he did not realized early on to investing other assets when he was just younger. And investing in crypto without knowledge of investing at the same time being in the market at the wrong time will really make you do bad decisions. You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
May 27, 2018, 05:46:47 AM
Coinbase just bought a decentralized exchange......
Coinbase.......
decentralized exchange.......
I think i need a recap on what "decentralized" means......
99% of decentralized exchanges allow you to trade crypto to crypto.
There is one decentralized exchange that uses fiat but that is more like localbitcoins than a real exchange.
May 27, 2018, 05:20:26 AM
my pills, where are my pills
no worries, here, have some of mine. the white ones are the best.
May 27, 2018, 05:18:17 AM
If there is anything I have learned about bitcoin is that often the price doesn't move an inch when there is major global bitcoin news (not just UK) and that there can be very large price movements without even a trace of bitcoin news to be found anywhere.
Agreed.
May 27, 2018, 04:55:23 AM
[...] It's particulrly difficult at the moment, because the arrest and imprisonment of Tommy Robinson in the UK is going to have some wide reaching political implications.
If there is anything I have learned about bitcoin is that often the price doesn't move an inch when there is major global bitcoin news (not just UK) and that there can be very large price movements without even a trace of bitcoin news to be found anywhere.My conclusion is that most bitcoin trading is done based on the bitcoin chart and nothing else.
Since bitcoin is spread over the globe pretty evenly, the bitcoin price seems to average out price movements of major fiat currencies, With maybe a bit more influence to the US dollar since Europe still trades a lot using the USD/BTC charts.
We dropped about 12% over the last 7 days, which I consider relatively stable. (more than 2% per day, averaged over several weeks is still quite normal for bitcoin).
To me, the next days and weeks are just a guess, but I'm all in and trust that bitcoin will be useful for many years to come.
May 27, 2018, 04:35:18 AM
You've got an interesting community going here, and there is some great info in some of the posts.
I looked in because I have to make a decision about Bitcoin again. Any Bitcoin i get stays in one of my wallets, and I won't consider 'spending' it for at least 3 years, so that isn't a problem. My problem is in deciding on the best time to withdraw some dollars as bitcoin. I have an account that picks up a few dollars from my Internet activities, and I can ask for this to be paid in Bitcoin. There is no charge for this, and there doesn't seem to be a spread involved in the price calculation, so it seems to be a pretty good way to collect coins. I have to decide when to withdraw though, and it can take up to 5 days to receive the payment in my wallet. I suspect this is because the payments are batched to reduce transaction fees, and they may wait for received payments to avoid having to purchase coins to make payments.
I want to withdraw at some time within the next month or two, so I have to try to predict the price movements during that period to optimise the acquisition price. The other difficulty is in trying to get a feel for short term volatility, as I have no control over the time that the coins are 'purchased' or valued. I like the system as it is, but I have a severe lack of knowledge to allow me to optimise my returns. It's particulrly difficult at the moment, because the arrest and imprisonment of Tommy Robinson in the UK is going to have some wide reaching political implications. My inclination is to watch events for a week, and claim my coins early next week. I base this on my uninformed opinion that Bitcoin has a little bit of a short term price drop arriving in the coming week.
Am I taking a sensible view of things?
I looked in because I have to make a decision about Bitcoin again. Any Bitcoin i get stays in one of my wallets, and I won't consider 'spending' it for at least 3 years, so that isn't a problem. My problem is in deciding on the best time to withdraw some dollars as bitcoin. I have an account that picks up a few dollars from my Internet activities, and I can ask for this to be paid in Bitcoin. There is no charge for this, and there doesn't seem to be a spread involved in the price calculation, so it seems to be a pretty good way to collect coins. I have to decide when to withdraw though, and it can take up to 5 days to receive the payment in my wallet. I suspect this is because the payments are batched to reduce transaction fees, and they may wait for received payments to avoid having to purchase coins to make payments.
I want to withdraw at some time within the next month or two, so I have to try to predict the price movements during that period to optimise the acquisition price. The other difficulty is in trying to get a feel for short term volatility, as I have no control over the time that the coins are 'purchased' or valued. I like the system as it is, but I have a severe lack of knowledge to allow me to optimise my returns. It's particulrly difficult at the moment, because the arrest and imprisonment of Tommy Robinson in the UK is going to have some wide reaching political implications. My inclination is to watch events for a week, and claim my coins early next week. I base this on my uninformed opinion that Bitcoin has a little bit of a short term price drop arriving in the coming week.
Am I taking a sensible view of things?
May 27, 2018, 04:26:39 AM
Coinbase just bought a decentralized exchange......
Coinbase.......
decentralized exchange.......
I think i need a recap on what "decentralized" means......
May 27, 2018, 03:32:45 AM
MSM FUD on Price Manipulation Scams = Mega Dip.
https://www.techdr.com.np/2018/05/feds-open-probe-into-bitcoin-price.html
Buy the DIP & #HODL
A year or 2 from now this will all seem funny.
https://www.techdr.com.np/2018/05/feds-open-probe-into-bitcoin-price.html
Buy the DIP & #HODL
A year or 2 from now this will all seem funny.
I've already set a bot to BTFD and scalp when it rises a bit and I'm running out of fiat. REKT.
I am not sure if a BOT will solve issues of preparing for longer periods of dip beyond expectations, so your strategy is not correct, if you have not projected down, way past your expectations, probably into the $3k territory, at least, even if price only goes down to $7k. In other words, you should not even be close to running out of fiat in these price territories, which really means that your buy orders are set up too wrong, and you are buying too much and not preserving enough..
May 27, 2018, 03:19:28 AM
Darkness rises...
Jesus fucking Christ Bob!
just stop...fuck
my pills, where are my pills
I think Bob gets an erection every time he stares at his face...
... MaybeNoHomo... 
... ROFL!.. yeah right... who am I kidding??... Bob is gay AF after bogdanovfs... 
May 27, 2018, 02:50:22 AM
50 years old without any savings, god daym, this story is sad as fuck.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
I did all of that but in the end, didn't stick with it and cashed out. I even cashed out an IRA long ago, and paid the stiff penalty. But I thought that I had life to live and habits to feed. Then with my current employer, who I have been with for 15 years, has offered a 401K that I never opted in because they did not guarantee a match, only would match if they made a profit. I figured, "why just lock up my money and end up just cashing out again and paying Uncle Sam that damn penalty?" Turns out my employer ended up matching every single year, so in retrospect; it was a bad decision drawn out over many years. A couple of years ago, my employer started to guarantee the match and made the plan opt out rather than opt in. So, I've been contributing since then. So far, when I check my balance, the amount accumulated looks rather paltry. It's only about 2 1/2 months of my current gross income. However, it has only been two years, so maybe time will be my friend if I just stick with it and keep my foolish and greedy little paws off of it.
May 27, 2018, 02:35:33 AM
The market is going down again, today BTC is about $7300 but don't worry, just HODL
May 27, 2018, 02:30:16 AM
Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Are you implying that bitcoin is manipulated ?
The Simpsons is trying to play Bitcoin the same way Dragon Ballz is.
May 27, 2018, 02:28:07 AM
Bart Simspon spotted again on every major exchange out there, this is becoming truly annoying! This feels so coordinated among several exchanges. For once, I'm with the DOJ
Are you implying that bitcoin is manipulated ?
May 27, 2018, 02:18:42 AM
50 years old without any savings, god daym, this story is sad as fuck.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
You should have invested in the stock markets at least dude. I missed the crypto train mostly too, since it was a whole new concept and was a risky investment but people who took that risk made the millions not those who didn't.
No matter what your monthly salary is, you should keep some of it and invest in different assets. (used to be stocks, cash, gold... now it is crypto, cash(should be your smallest investment), gold and stocks-this one is in a bubble right now probably, wait for the crash) Saving $100 or $200 per month might not look like a lot at the first glance but after 20 years, it may grow into a lambo or a house at least.
May 27, 2018, 02:14:06 AM
yep..that is pretty much true....I ONLY had the miner....from that miner to pump the income (yep legal with IRS too from day one) for ALL the stuff you mentioned flowed from this income...I worked with disabled
folk...never a lot of money in that ..thus the mining had
to stand on its own....also remember I fired up this KNC Jupiter BTC miner on Oct 18th 2013 and that day BTC was almost exactly $150 (I looked at worldcoinindex..but they don't go back till 2013 or I can't read
the graph) .....and I think (again if I remember right) I was making ONE BTC per day.....
and yeah, mostly was in HODL mode for everything ...except those things that were for mining....I also have a mess of Altcoins that more than make up for what you are talking about...for any 'slush' after the
BTC stuff...
so yeah, a case could be made that REALLY the only money I have in crypto 'out of my job' was the $5,131.80 usd for the KNC Jupiter of 2013.......so the revenue I have used/bought miners with etc...and what
I have left over in HODL mode..is indeed profits....thus a case again could be made that I 'mentally' could claim that anything above the $5,131.80 was profit..in that all the expenses for future expansion came
from that one machine....thus $513.18 BTC would be the most definative extreme example of denial of loss of $$$ after any number under that point for BTC (again not counting the significant ALT's slush on
the assumption I'd sell all that before getting to such an extreme point...
just the way it worked out....I retired as of 1/14/18 this year due to crypto...trying to use crypto to bridge the gap between 63 years and full retirement and traditional investments at 66 with soc sec etc
same 'dubious' lifestyle' $$$ wise if I 1) work 2) use crypto till 66 3) crypto goes tulips after 66 again, same modest dubious suburban ghetto lifestyle
so if it all goes tulips I am going to make t-shirts to befuddle those who will say 'I told you so' that say
Crypto: Allowed me to retire 3 years early, bite me!
Thus, if nothing else comes from the miracle of tripping over BTC in 2013....I can say at least that I man'd up and gave it my all....hell, I'm 63 years old ...I have worse problems then BTC and crypto going tulips!
(what do they say: write a book, plant a tree, make a fortune and lose a fortune......we will be the first to know I guess)
brad
p.s. the above while not exactly correct....is a way to look at it from the perspective of which I started.....(in the PSU's I'll have left over alone!) but as a mental viewpoint on the ups and downs of all this
stuff and how serious to take it all..it works for me.
Also as far as the work/time thing...even if it all goes tulips..I have not had this much fun since I was in University....thus it is a win also.So if I understand it correctly, $513 is just a symbolic price point of your choosing that doesn't take into account alts and other profits. It's not that it is the right way to calculate a "break even" but if it works for ya who am I to say
If it, somehow, made you reach your retirement plan years early than you thought, then it already gave you some.
I also have a FAKE "break even" price which is the BTC price at the LAST time I sent FIAT to an exchange (just before the Bcash fork). If it ever reaches that price again (around $3000?) I will just send more FIAT and keep with my accumulation plan. In the meantime I just keep slowly increasing my stash by not withdrawing anything and trading.
Agreed on the time invested as some combination of entertainment and education "profit". I learned a lot about "money" in here which made me change some previous assumptions I had. It's been an interesting journey.... let's see what comes in the following years.
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