Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16642. (Read 26608829 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"

I'm wondering whether you're trolling, you've sold somewhere very low or you're just outright stupid. Roll Eyes The new floor is somewhere between 2k-3k if not higher.


Unless something really majorly fucked up happens, the most we should expect would be a 30% to 40% price correction, and it really seems quite likely that we are first going up further before going down.. So our subsequent significant correction, were it to occur is going to start from a decently higher price point.. so maybe something like $2500 could be our new floor.....

Now, if we were to traverse into a bear market from here, then of course lower floors are quite likely; however, it seems not too likely to go straight from here to a bear market, and we likely would not realize that we were in a bear market until about 4 months or longer down the road because it would take a while to turn around what seems to be our current bullish BTC market sentiment.
legendary
Activity: 2674
Merit: 3000
Terminated.
You say that as if it's a good thing. 
It is. It shows that Bitcoin has become so robust that these events have minor effects.

It would be healthy for the market to react to good and bad events depending on which happen at which time and how relevant they are to BTC users, but it's not doing that.  It's just flying upwards regardless of anything that is actually happening.
Wrong. It was quite heavily swinging up and down, and even reached a bottom of $18xx.

There are some positive events (such as SegWit),
"Some" and SegWit can't be placed in the same sentence. You have no idea what you're talking about.

They're watching the price rise and then desperately trying to justify it with positive events even though it went up by >$1000 in a week.
Absolute numbers are useless, use percentages.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Mariners fan here, of course when the Jays come to town Vancouver packs our park solid.  It is the best kind of friendly rivalry.  

We got your guy Paxton down here, been doing a hell of a job for us.

Cool. Our teams joined the AL the same year so there'll always be a bit of a link.

Watching baseball and Bitcoin can be real fun. The night we broke through $3000USD to set our first ATH in weeks, the Jays were on the road so I was at home watching them on my computer and 4K screen.

I had the game in one window and Bitcoinwisdom (Stamp) in another, cheering hits, green candles and strikeouts, one after another. My friend thought I was from Mars at first but after a bit she got right into it as well. She's not a big ball fan but she loves to see me make money.  Cheesy

That night the Jays might have lost but Bitcoin won big time and that made both of us very happy.  Cool
hero member
Activity: 938
Merit: 559
Did you see that ludicrous display last night?
What has Bitcoin been doing since these events occurred? Kept skyrocketing.
You say that as if it's a good thing.  Bad events should not be resulting in rising prices.  It would be healthy for the market to react to good and bad events depending on which happen at which time and how relevant they are to BTC users, but it's not doing that.  It's just flying upwards regardless of anything that is actually happening.

There are some positive events (such as SegWit), but people on this thread are not seeing positive events or potential positive events and then buying and causing the price to rise.  They're watching the price rise and then desperately trying to justify it with positive events even though it went up by >$1000 in a week.
legendary
Activity: 2674
Merit: 3000
Terminated.
Thanks. People who think that we may see sub $1000 or even sub $2000 (possibly, too early to tell) again are delusional at best. Just take a look recently what happened:
1) Major exchange is gone (BTC-e).
2) Biggest Bitcoin mixer is gone (bitmixer).
3) Several darkmarkets are gone.

What has Bitcoin been doing since these events occurred? Kept skyrocketing. The honey badger does not give a fuck and keeps storing wealth.
Contradicting all those pundits who claimed BTC's value was dependent on crime.  Cool
Ironically, I've read such claims (comment section) on some very recent articles in a few mainstream media. This is further proof for my belief that in a time where we are presented with a wast source of information (interweb), that average Joe keeps distancing himself from facts and that the average IQ/knowledge keeps declining. For example, one comment claimed that most of BTC's transactions are dark-web related which is absurd as: 1) You can't know which transaction is which / only estimate. 2) Transaction volume has not taken a significant hit after the markets were killed. 3) BTC is excellent for online transactions, and I'm sure plenty of people use it (I don't even have to mention Gambling).

I hope this price point holds: 37xx.
legendary
Activity: 2842
Merit: 1511
Thanks. People who think that we may see sub $1000 or even sub $2000 (possibly, too early to tell) again are delusional at best. Just take a look recently what happened:
1) Major exchange is gone (BTC-e).
2) Biggest Bitcoin mixer is gone (bitmixer).
3) Several darkmarkets are gone.

What has Bitcoin been doing since these events occurred? Kept skyrocketing. The honey badger does not give a fuck and keeps storing wealth.

Contradicting all those pundits who claimed BTC's value was dependent on crime.  Cool

This is crazy!!!!!! Remember during the last crash when people were contemplating suicide. That time is probably just around the corner, but will be a much worse this time as we have mainstream media attention at a larger scale Shocked

You don't even know what crazy is!!!!!! Seriously, you have no idea how high we could still go. Breaking ATH is massively bullish and growth rate is still increasing. 
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done. But then what would I do with my free time? Huh

Do not do it. I have the same amount than you (well, only a bit more), I bought 2 btc when it was priced at 10$, i was too young and poor to invest more lol, and this year when price was around 900$ i bought a bit more. The first investment is now worth 40.000% more since then, so who knows how much will be bitcoin worth it in a few years..
If you need to sell, do it with a small proportion, a 10% of your total btc or less, and try to rebuy if the price falls after you sold. I do that in some strategic price points, and it works pretty well. I will do it again when price goes to 5k, and then in the 10k. If the price dips under 5k after i sold i will try to buy the dip the best i can, if it does not dip, then i will be taking profits and forget about rebuying, but psycologicall barriers usually work pretty well and they make good dips to buy  Grin

Exactly.... a great strategy and can even be done with relatively small amounts of bitcoin.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
I am more interested in knowing if people whose net worth is orders of magnitudes lower also think buying a lambo is reasonable because it came as "free money" and think it will keep coming forever.

The more bitcoin goes up, the tighter I hold onto my coins. I once bought a yoyo for 4btc. I leave that yoyo on my desk to remind me to not make that mistake again.

Great anecdote, thanks for sharing. And I noticed to do the same while the price is ricing. It somehow feels greedy to convert to fiat money, strange actually. Because you could as well say that holding on to your bitcoins is because of greed for more purchasing power.

For one I can't really live with the feeling of being shaken out by institutions and big players. And I grew attached to them anyway.
http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/

Secondly I don't fancy material belonging that end up owning me (like lambos and boats for example). However I do long for financial independence, which is how I got into bitcoin in the first place. So please bones261, don't sell your coins for deprecating assets.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
welcome back Jimbo...GO JAYS!

How was Rowley??

Did the job quite nicely. Threw strikes and showed good poise. Was averaging less than 13 pitches per inning through 5.

Only allowed one run and that was a lead-off triple that came in to score on a soft ground ball up the middle and that was only after he'd gotten 2 outs.

Gibby pulled him with 1 out in the 6th after allowing 2 baserunners. He got a well-deserved standing ovation.

He only threw about 75 pitches. That was probably a pre-imposed limit due to the fact that he'd been recently converted to a reliever and then barely stretched out enough for today's start. A couple more starts and he could be an inning eater.

I like the cut of his jib.



Excellent!  Thanks for the run down.

Mariners fan here, of course when the Jays come to town Vancouver packs our park solid.  It is the best kind of friendly rivalry.  

We got your guy Paxton down here, been doing a hell of a job for us.

legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
So when can we send BCH from A hard ledger to an Exchange Huh
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
welcome back Jimbo...GO JAYS!

How was Rowley??

Did the job quite nicely. Threw strikes and showed good poise. Was averaging less than 13 pitches per inning through 5.

Only allowed one run and that was a lead-off triple that came in to score on a soft ground ball up the middle and that was only after he'd gotten 2 outs.

Gibby pulled him with 1 out in the 6th after allowing 2 baserunners. He got a well-deserved standing ovation.

He only threw about 75 pitches. That was probably a pre-imposed limit due to the fact that he'd been recently converted to a reliever and then barely stretched out enough for today's start. A couple more starts and he could be an inning eater.

I like the cut of his jib.

legendary
Activity: 1652
Merit: 4393
Be a bank
http://fork.lol/reward/lossgain
The total loss or gain by BCH miners compared to what they would earn on the BTC chain. Combined, BCH miners have currently lost an estimated total of -$2,287,902.42.
hero member
Activity: 577
Merit: 500
Jesus was a (Goddamn) hippy socialist
Choo Choo mother fuckers!!!  see you @ 4500 USD


Are we there yet?
legendary
Activity: 1652
Merit: 4393
Be a bank
hero member
Activity: 786
Merit: 857
Maclaren then?

I've had some very desirable cars over the years. It's really not worth the ball ache. If you're not getting resentment out on the roads, then the fucking thing is falling apart on you.

They're like most relationships. Five minutes of fun followed by years of drawn out hell.

Living the dream.
legendary
Activity: 3780
Merit: 5429
I am more interested in knowing if people whose net worth is orders of magnitudes lower also think buying a lambo is reasonable because it came as "free money" and think it will keep coming forever.

I think buying a lambo is the stupidest thing in the world, period. I wouldn't buy a lambo if I had the extra cash, and I CERTAINLY wouldn't have liquidated any bitcoin to buy it. Probably the dumbest move he made. In the end a lambo is not going to hold it's value long term, and it's fun factor will wear off very quickly.

It's like the crown jewel of a complete narcissistic tool. They care way more about the silly car than anyone else does. Whenever I have seen someone driving one, I automatically think they are a giant douchebag, because probability says they are.

Maclaren then?

Sorry but no.

Buying expensive exotic cars ranks up there with buying a 10,000 sq. ft. McMansion sitting on 2 acres of property, exposed to houses on all sides and extreme city/property taxes and maintenance costs. Completely back assward levels of stupid.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Maclaren then?

I've had some very desirable cars over the years. It's really not worth the ball ache. If you're not getting resentment out on the roads, then the fucking thing is falling apart on you.

They're like most relationships. Five minutes of fun followed by years of drawn out hell.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot


Maclaren then?

D type Jaguar and an ex works group B Audi quattro





But yeah, I'm with Torque, I never would.  I'm waaaaay more interested in sustainable water systems and productive land.
legendary
Activity: 1358
Merit: 1016
I am more interested in knowing if people whose net worth is orders of magnitudes lower also think buying a lambo is reasonable because it came as "free money" and think it will keep coming forever.

I think buying a lambo is the stupidest thing in the world, period. I wouldn't buy a lambo if I had the extra cash, and I CERTAINLY wouldn't have liquidated any bitcoin to buy it. Probably the dumbest move he made. In the end a lambo is not going to hold it's value long term, and it's fun factor will wear off very quickly.

It's like the crown jewel of a complete narcissistic tool. They care way more about the silly car than anyone else does. Whenever I have seen someone driving one, I automatically think they are a giant douchebag, because probability says they are.

Maclaren then?
Jump to: