I didn't think I would ever put more fiat into BTC, but that's what's happening. Probably gonna end up with 95% in BTC.
Wish me luck boys and girls.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16628. (Read 26609267 times)
August 14, 2017, 09:45:26 AM
August 14, 2017, 09:44:53 AM
It is very difficult to buy even a single bitcoin these days. Trading must be stopped on all bitcoin exchanges. MSM should help and start explaining nonstop that bitcoin is a ponzi scheme.
August 14, 2017, 09:44:20 AM
Wow, wow, wow... nothing like waking up all groggy on a Monday morning, turning on the computer and seeing that bitcoin has gone up in price ~$300 from what is was when you went to bed. @.@ Surely, I must still be asleep and dreaming. If not, I am sooo wide awake now.
$5k by the end of the week?
$5k by the end of the week?
If it only gained like a 2% daily until the end of the week, yes. But... will it?
August 14, 2017, 09:38:31 AM
Is this teaser for real? Will Blockstream and SpaceX bringing Bitcoin into space?
Internet 2.0 on his way?
https://www.youtube.com/watch?v=lbx7NAnVeGc
Internet 2.0 on his way?
https://www.youtube.com/watch?v=lbx7NAnVeGc
Holy Batman!
They are making a bold claim there.....
0_o
I like it. I am waiting the day in which Bitcoin ventures start advertising on national TV big time.
August 14, 2017, 09:36:32 AM
Wow, wow, wow... nothing like waking up all groggy on a Monday morning, turning on the computer and seeing that bitcoin has gone up in price ~$300 from what is was when you went to bed. @.@ Surely, I must still be asleep and dreaming. If not, I am sooo wide awake now.
$5k by the end of the week?
$5k by the end of the week?
August 14, 2017, 09:31:13 AM
I feel like selling when everybody is ultra-bullish after an huge pump, and yet there is still a lot of way to go:
Quote
#Bitcoin's market cap has not even exceeded the wealth of the 3 richest people yet.
https://twitter.com/sharkybit/status/897088990301618176 
August 14, 2017, 09:31:13 AM
This is a call out to any Bitcoin speculators out there, wtf is going on with the upward price movement right now???
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
Not many traders here. Most have learned our lesson and just buy and hodl.
The reason for the upward movement? Many people are trying to figure out where to put their wealth for safe keeping. With a madman running the US economy and military, incompetent idiots running the other countries economies off a cliff and uncertainty everywhere, bitcoin has proven itself to be a store of value that will not be stopped. Everyone was just waiting to see if the hard fork and SegWit activation would cause any turmoil. Bitcoin survived both with no problems, demonstrating that it can grow and adapt over time as necessary.
Investors have had 4 years to think about how they missed out on the big rise in 2013. They have been on the sidelines waiting. This time they will participate. And it will be glorious.
It's glorious already, my bitcoin's are worth over 10 x what I bought in for. It's an incredible amount of money (for me) but I am not ready to sell yet.
August 14, 2017, 09:27:11 AM
Is this teaser for real? Will Blockstream and SpaceX bringing Bitcoin into space?
Internet 2.0 on his way?
https://www.youtube.com/watch?v=lbx7NAnVeGc
Internet 2.0 on his way?
https://www.youtube.com/watch?v=lbx7NAnVeGc
Holy Batman!
They are making a bold claim there.....
0_o
(Adam Back/Gregory Maxwell... I will admit it... I am curious AF)
August 14, 2017, 09:19:55 AM
BIP 141 (Segregated Witness) activation is scheduled to take place in: 1325 Blocks (9.2 days)
Oh, and after many months, Bitcoin market share is over 50% again: 50.9%.
Go Bitcoin, go!
Oh, and after many months, Bitcoin market share is over 50% again: 50.9%.
Go Bitcoin, go!
August 14, 2017, 09:08:55 AM
I recall in 2011 asking my CPA what he thought about bitcoins. He just laughed.
Same thing happened to me and my significant other in 2013! We dropped him as our accountant the very next day. Thank the godz that we never listened to him.
August 14, 2017, 09:06:27 AM
This is a call out to any Bitcoin speculators out there, wtf is going on with the upward price movement right now???
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
Not many traders here. Most have learned our lesson and just buy and hodl.
The reason for the upward movement? Many people are trying to figure out where to put their wealth for safe keeping. With a madman running the US economy and military, incompetent idiots running the other countries economies off a cliff and uncertainty everywhere, bitcoin has proven itself to be a store of value that will not be stopped. Everyone was just waiting to see if the hard fork and SegWit activation would cause any turmoil. Bitcoin survived both with no problems, demonstrating that it can grow and adapt over time as necessary.
Investors have had 4 years to think about how they missed out on the big rise in 2013. They have been on the sidelines waiting. This time they will participate. And it will be glorious.
August 14, 2017, 09:03:11 AM
This is a call out to any Bitcoin speculators out there, wtf is going on with the upward price movement right now???
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
Follow a weekly chart of BTC/USD and buy when price gets to the 20 MA. That would have gotten you in at under $1900. Right now 20 MA is $2360. Sooner or later the 20 MA weekly will be broken so don't expect this to work forever.
August 14, 2017, 09:01:02 AM
If it hits 5k I'm gonna crack like a walnut.....before Jan 1st I'd be gone...(and I could justify selling some of my 'crypto babies" as a hedge against dreaded tulips (unlikely
but I've used dumber justifications to blow $$$ on dubious projects...like in 2013 when I got the KNC 550gh Jupiter BTC ASIC Miner
ack! I hate making 'adult' and 'prudent' decisions....
Bear in mind your CPA probably knows 0.00001% what you know about crypto.
Gone as in sell all your crypto? I'd recommend the JJG method of selling in very small increments at a progression of price points. Don't do anything rash you will later regret ...
August 14, 2017, 08:57:02 AM
August 14, 2017, 08:54:26 AM
This is a call out to any Bitcoin speculators out there, wtf is going on with the upward price movement right now???
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
I sold at ~$2750 and watched all the way down to $1800 convinced the major correction was underway. I slinked back in after the bounce back up from ~$3000 and expected this rally to be over well before $4000. So now I'm hodling for dear life and awaiting the big red dip down to ~$3500 or lower.
Any thoughts on future short to medium term price action?
August 14, 2017, 08:52:18 AM
Bitstamp:
This train is relentless, I keep expecting a significant correction but no, we keep going up, up, up. What a time to be alive
August 14, 2017, 08:51:32 AM
Just did a quick calculation today.
I calculate that I'd have to work full time for 14.5 years to earn, after taxes, what I've gained with bitcoin in just 4 years.
And this shit is just getting started IMO.
I calculate that I'd have to work full time for 14.5 years to earn, after taxes, what I've gained with bitcoin in just 4 years.
And this shit is just getting started IMO.
my CPA on Friday (besides the wtf are you doing are you a drug dealer look) said
1) quit my job ..being taxed at 47%
or
2) do a solo 401k and dump up to 34k in that for the rest of the year
She also said
3) no way sell coin this year..capital gains on income ..she says wait till first of the year
so myself
4) wtf ...maybe I should cash out some after Jan 1st and just mine thru 2018 and slide on my investments and some BTC cashed out...I'm 2 years
from medicare (65) and the year after that I could glide and still take full soc sec at 66
decisions..
ack!
If it hits 5k I'm gonna crack like a walnut.....before Jan 1st I'd be gone...(and I could justify selling some of my 'crypto babies" as a hedge against dreaded tulips (unlikely
but I've used dumber justifications to blow $$$ on dubious projects...like in 2013 when I got the KNC 550gh Jupiter BTC ASIC Miner
ack! I hate making 'adult' and 'prudent' decisions....
Take out only what you need to spend. Use bitcoins for any spending that you can.
If you need a safety net for some of your wealth, short bitcoin for as much as you might need over the next year or so (as much as you want to be secure). By shorting (without margin) you are effectively freezing your bitcoin wealth at the current price. The downside is you have to pay a few percent per year to do that and you risk having your coins on an exchange (perhaps spread between several exchanges). This avoids capital gains and allows you to pull it out at a later date as needed.
At $38k total income you pay zero capital gains tax (this year). Might be best to do until you find a better way down the road (with a better CPA).
I recall in 2011 asking my CPA what he thought about bitcoins. He just laughed.
August 14, 2017, 08:45:08 AM
Bitstamp:
August 14, 2017, 08:44:20 AM
4) wtf ...maybe I should cash out some after Jan 1st and just mine thru 2018 and slide on my investments and some BTC cashed out...I'm 2 years
from medicare (65) and the year after that I could glide and still take full soc sec at 66
You're lucky. I don't put any hope on Medicare and soc sec still being around when I get to 65-66.
Also, if you 'cash out' (hate that phrase) from bitcoin entirely now, I think over the next 5-10 years you will regret that decision every minute of your life. You should actually be doing the opposite, constantly putting money back in.
We have another halving event in 2020, and mega inflation coming (it's already begun, just most people don't realize it). Another financial crisis/crash, and the central banks will be QE'ing like there is no tomorrow. Japan has already admitted that it will probably print money infinitely.
Want an example of just how bad the U.S. economy is right now?
Saw a commercial recently that Ford finance was running on a deal for a new Ford car. No money down, 72(!) months at 0% APR, $1000 cash back on top of trade in value. Seriously?? Pretty soon they'll be giving them away.
August 14, 2017, 08:19:35 AM
Seems this August we will touch 5k. Bitcoin speculation pays me higher than my Job Monthly 
, should i quit Job??
Depends how much you have in Bitcoin. Remember to invest in good cold storage methods and don't keep all your eggs in one shell. I use several paper and hardware wallets for my BTC. Price could also crash and you might lose money. , should i quit Job??Jump to: