Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16510. (Read 26709657 times)

Thoughts for the weekend? I'm hoping for $5k+ by the end of it  

$10 off new ATH on stamp right now....let's go!

I think Risto has experienced a roller coaster in his head and some wild swings in his personal affairs. I hope this picture can be deleted from the Internet as it does no service to the man.

Wall at Kraken with ~100BTC @ 4011€ gets eaten up, bite by bite

How did he lose it all? Did the laptop get stolen? I've heard that he lost it all but never have learned how... regardless, that's crazy!

Sorry man, not my fault: it's not my spreadsheet. I hope the author will update, it's probably missing the corresponding data sources. 
But Bitcoin is there and it works

 It says 'error' on the line of crypto currencies.

You might find the following spreadsheet so amusing and so interesting!
Bitcoin is becoming a giant among others
https://docs.google.com/spreadsheets/d/1TWKh5qfrvXywRV0jhTKjiK6LZTU8BkUbMhSvqqGeZ_8/pubhtml#

At some point, BTC-e announced that people should watch out for scams, and that they would only post on twitter or through their bitcointalk account.  Mostly the twitter linked each of BTC-e's announcements after the shut down of the BTC-e site. 

This one is linking to bitcointalk chats:

https://twitter.com/btcecom

Good old Risto 

The article mentions an announcement on bitcointalk. Any idea where that thread is?

That is a strategy on becoming rich. Not what defines what is rich.

I know that you and I have had variations of this kind of a conversation, and so I understand some of your personal circumstances - and surely, I believe that you had some bearish views about bitcoin that likely mentally prevented you from putting a bit more fiat into bitcoin.... and cannot really change those kinds of facts or even influence hindsight being 20/20.

Accordingly, there is only so much of our own cashflow that each of us can risk in terms of investment or dedication to investment - yet I am leading up to the point that anyone can be "rich" so long as they find ways to stress living within their means - and therefore dedicating a portion of their cashflow towards investment - and in hindsight we see that Bitcoin has proven to be a really great investment to turn previous minnows into dolphins - not by causing them to accumulate more coins, but instead allowing for a 10x or more increase in their BTC wealth, so long as they were able to hang onto a large majority of their coins through such BTC price appreciation process.

For example, the upwards BTC price pressure seems to be ongoing and in a kind of bullish status.. for those who can see it... Yeah, you never fucking know which way the market is going to go, and no one really wants to buy after the price has already done nearly a 19x in less than 2 years... but I am still of the inclination to believe that upwards price pressures are ongoing and the steepness of our upwards price movement, even though increasingly vertical has not yet gotten overheated... maybe I am wrong?  maybe I am wrong?  however, I am inclined to think that there could be another upwards burst - and sure maybe I should sell a few more coins in the next upwards burst - but it remains less than transparent, whether the bursts are over (seems less likely), we gonna get one more burst of 30% or so from here (seems decently likely), we gonna get another burst of 50% or more from here (fair chances to happen), we gonna get 100% appreciation from here (getting less likely to happen in this run) or gonna get another 3x to 4x from here (seems within the realm of plausibility but a bit of a long shot).

Actually many of the rich start out by living well below their means as middle class or working class. They forgo a lot of useless consumer junk and generate surplus capital. This surplus capital allows them to take measured risks and build wealth. In many cases the secret to wealth lies in the expense rather than the income side of the ledger. People who flaunt their "wealth" by surrounding themselves with expensive consumer items are more often than not deep in debt rather than wealthy. There is a great book on this subject called The Millionaire Next Door by Thomas J. Stanley and William D. Danko. It was published in 1996. https://en.wikipedia.org/wiki/The_Millionaire_Next_Door

The story is that he lost 700000 XMR worth about 20500 XBT on his Apple laptop. I am not a fan of Apple and its EULA's but this has to be a record for a click on "I agree".

Edit: I used GNU/Linux on a laptop that I bought from a surplus government auction to make this post .

I think the distinguishing characterisric to denote being "rich" is the source of income. Most people get their wealth through income. The rich mainly derive it from their investments. The choice of what to invest in thus affects society more than someone pulling an income.

I was thinking in the range of 1000 + coins to be a Bitcoin whale. 100 Coins is more like a dolphin. Me, a minnow.

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

Gold's itching to take off, stars could be aligning for a new bull run. Lotta kreyzi shit going on in da werld.

When you say, "rich folks" are you referring to various WO participants?

hahahahahaha.

It is funny that people have their own level of "rich," and sometimes it is not good to engage in too much comparison.

Without mentioning exact relationship, I had introduced some folks into bitcoin, and they had varying levels of skepticism and even intentions to "one up me" in their approach to bitcoin, and I frequently asserted that you should never sell too many of your bitcoin, and we mentioned goals of possibly getting to 21 bitcoin, and things like that - however, even very prudent folks have tendencies to blow too much of their wadd at various times

I had one person who kept teasing me about Bitcoin NOT going above $3k, and my theory was that once it goes past $3k, then pretty much is not going to stop until at least $3.4k; however, as you may recall we had a few false starts, and the last time, we approached $3k, I sent a text saying that I think that we are going above $3k this time.. and gosh, we have not seen sub $3k since and I had not heard from that person because I believe that she sold most, if not all her coins in the mid $2600 arena - and part of the goal is to buy back lower, but if the price never goes back to those prices, then the person has egg on her face again... for like the 5th time when I continued to say, don't sell all of your stash, blah blah blah.

I tend to think that I am gambling pretty big if I buy or sell 3% of my stash at once, and I have met several people (in spit of my assertions of incrementalism) who continue to know better than me and sell their stash with "plans to buy back lower"... fuck.. I feel kind of bad, but I cannot really do anything about what seems to be an "intuition" that people have.. which has left them without bitcoins....

I think that bitcoin went into a punishing phase sometime after that last major dip to $890.. because none of the corrections have really been to such an extent to motivate folks to buy back in, especially when they sold much lower than the price correction point, so those of us who have engaged in incrementalism have been rewarded beyond our wildest dreams, over and over, and especially since about $890, as long as we continued to engage in incrementalism.