Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14754.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: explorer on February 02, 2018, 07:34:54 PM

Quote from: Ibian on February 02, 2018, 07:28:47 PM

Quote from: User705 on February 02, 2018, 07:11:10 PM

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

Timing only.

Actually, when properly applied, it is also a get poor quick mechanism...

Only if you have old man shaky hands.

That's actually one of the more interesting aspects of the people who have been here for a while. Our normal is normal to us, but most people can't do what some of us have done. How fucking huge is the mental gap between people?

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: conspirosphere.tk on February 02, 2018, 07:32:24 PM

Quote from: User705 on February 02, 2018, 07:11:10 PM

I have a friend who’s a multi millionaire. Double digits. He got burned on LTC by buying it above $300 when stupid TV was pumping it

If your friend keeps investing like this he won't be a millionaire for long. How could he buy LTC at $300 seeing that it was $4 one year before?
I would not buy even a Van Gogh after an 80X price rise in one year, or even a bitcoin.

People getting investing advice from the TV will get REKT on any market, and they better stay out of crypto, both for themselves and the already scarce sanity of this market. We already have enough pump chasers.

Some people got their fortune by inheritance and/or luck. Others know about their field and that made them rich, but donno about others. Many lost their fortune even faster than they gained it... usually due to big mistakes they made when they stepped out of their comfort/expertise zone.

This guy is not completely stupid. He has realized crypto is not for HIM. And maybe he is completely right.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Ibian on February 02, 2018, 07:28:47 PM

Quote from: User705 on February 02, 2018, 07:11:10 PM

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

Timing only.

Actually, when properly applied, it is also a get poor quick mechanism...

RoomBot

legendary

Activity: 2338

Merit: 1130

Quote from: criptix on February 01, 2018, 10:00:30 PM

WE GOT THIS!!!

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: bitserve on February 02, 2018, 07:31:51 PM

Quote from: Ibian on February 02, 2018, 07:28:47 PM

Quote from: User705 on February 02, 2018, 07:11:10 PM

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

But some people want it to be too damn fucking quick and easy. They should know better.

Sure. It's still both.

I went from being on welfare to being financially independent in 4 years. That's quick fucking money. And I had to sit through a brutal multi-year bear market at a loss for most of it, imagine the people who bought at the bottom.

Enjel

member

Activity: 70

Merit: 21

Quote from: bitserve on February 02, 2018, 07:32:37 PM

Quote from: Enjel on February 02, 2018, 07:29:21 PM

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

Why isn't it a dead cat bounce? Who's to say it won't go to 5.5k next? I don't think it will, but everyone else seems to think 5 digits is coming soon.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: Enjel on February 02, 2018, 07:29:21 PM

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

It's not about the price per se, but the bounce.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: User705 on February 02, 2018, 07:11:10 PM

I have a friend who’s a multi millionaire. Double digits. He got burned on LTC by buying it above $300 when stupid TV was pumping it

If your friend keeps investing like this he won't be a millionaire for long. How could he buy LTC at $300 seeing that it was $4 one year before?
I would not buy even a Van Gogh after an 80X price rise in one year, or even a bitcoin.

People getting investing advice from the TV will get REKT on any market, and they better stay out of crypto, both for themselves and the already scarce sanity of this market. We already have enough pump chasers.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: Ibian on February 02, 2018, 07:28:47 PM

Quote from: User705 on February 02, 2018, 07:11:10 PM

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

But some people want it to be too damn fucking quick and easy. They should know better.

Enjel

member

Activity: 70

Merit: 21

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: User705 on February 02, 2018, 07:11:10 PM

People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

It's both.

BitcoinBunny

legendary

Activity: 1526

Merit: 2617

Biggest Dow drop in years today. But Crypto is dead.

User705

legendary

Activity: 896

Merit: 1006

First 100% Liquid Stablecoin Backed by Gold

Quote from: JayJuanGee on February 02, 2018, 06:04:32 PM

Quote from: Biro Bob on February 02, 2018, 01:51:16 PM

Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?

Probably just you....

hahahahaha

I'm just kidding.

Even when I feel quite calm cool and collected (with a decent plan to advantage from this seemingly extreme downwards volatility), the situation can still be stressful - because us BTC watchers can never really be sure what price point is going to hold, exactly and when the downward momentum is going to end, exactly.

This reversal in the past 10 hours at $7,625 does seem to have been based on a decent amount of dump spike volume that would be relatively convincing that the bears should have blown their wadds - but gosh.. we can never be certain until perhaps being more certain after we bounce back above a certain price point, perhaps that price point is above $12k-ish, currently?

It feels like just traders are left. Tether/Bitfinex still unresolved. Bitconnect might not have been a lot of money relative to bitcoin but it was a lot of people who are derping on YouTube and everywhere else “fuck all crypto”. ICOs are either getting sued or getting C&D by Texas. Anecdotal evidence points to 20k being top for a while. People in this thread retiring by selling above 10k likely means they won’t buy back at above 10k so that segment is gone. The regular people are gone. I have a friend who’s a multi millionaire. Double digits. He got burned on LTC by buying it above $300 when stupid TV was pumping it with “three simple reasons why it’s better then bitcoin” and last time I tried throwing him some signals like set your bitcoin buys at mid 8s, mid 7s and his response was “fuck this, I ain’t dropping another penny on this shit”. He got burned by the stock market a while back and to him this is just another market. Nothing special or different. Of course I could be wrong and who knows maybe hedge funds will buy to manipulate the futures market. People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

toknormal

legendary

Activity: 3066

Merit: 1188

4-Hour MACD crossing to the upside for the 1st time in 10 days.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public. Credit Erika P. Rodriguez for The New York Times

SAN JUAN, P.R. — They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.

in other nudes

toknormal

legendary

Activity: 3066

Merit: 1188

Futures getting bulldozed by real. (Helps if your market's open Wink

)

600watt

legendary

Activity: 2338

Merit: 2106

for a moment I was stunned when I read this news about the upcoming santander/ripple smartphone-app enabling "same-day cross-border payments in under a minute" for all their customers.

https://www.coindesk.com/santander-uk-ripple-payment-app/

fuck that!- I thought - a fucking real life use case for ripple. after this dip, the next slap in the face? Huh

!?!?!

but no worries:

Quote

Customers will be able to use the app to facilitate same-day cross-border payments in under a minute, according to the slide. The app will also provide a digital wallet, a personal finance manager and help aid person-to-person payments.

A Santander spokesperson, said "we plan to launch this in the next few months, and we can confirm on the record that we plan to use xCurrent in the project."

Ripple's xCurrent product does not use XRP, the company's native cryptocurrency.

if I would hold any fucking xrp I would very very very pissed.... Cheesy

so what kind of crypto are they using? what crypto besides bitcoin will have a real life use case ?

oh....

Quote

The bank had been piloting the app for 18 months with its employees, integrating Apple Pay for payments between £10 and £10,000 ($14 and $14,000), according to Finextra.

edited: alt/crypto

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: HairyMaclairy on February 02, 2018, 06:04:43 PM

It’s also retarded that you can gamble on credit cards. It’s not your money.

It's not your not-money.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

It’s also retarded that you can gamble on credit cards. It’s not your money.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Biro Bob on February 02, 2018, 01:51:16 PM

Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?

Probably just you....

hahahahaha

I'm just kidding.

Even when I feel quite calm cool and collected (with a decent plan to advantage from this seemingly extreme downwards volatility), the situation can still be stressful - because us BTC watchers can never really be sure what price point is going to hold, exactly and when the downward momentum is going to end, exactly.

This reversal in the past 10 hours at $7,625 does seem to have been based on a decent amount of dump spike volume that would be relatively convincing that the bears should have blown their wadds - but gosh.. we can never be certain until perhaps being more certain after we bounce back above a certain price point, perhaps that price point is above $12k-ish, currently?

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