Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17065.

deepcolderwallet

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Quote from: European Central Bank on June 02, 2017, 08:41:21 PM

Quote from: deepcolderwallet on June 02, 2017, 08:37:59 PM

If an exchange started asking me those police-interrogatory-kind questions, I'd send'em a picture of my middle finger raised and never send any more to them. Localbitcoins does the trick.

if ever do have to cash out a significant amount the last place i plan to do it is an exchange. i'm not interested in covering their ass with my personal information.

Agreed.

European Central Bank

legendary

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Quote from: deepcolderwallet on June 02, 2017, 08:37:59 PM

If an exchange started asking me those police-interrogatory-kind questions, I'd send'em a picture of my middle finger raised and never send any more to them. Localbitcoins does the trick.

if ever do have to cash out a significant amount the last place i plan to do it is an exchange. i'm not interested in covering their ass with my personal information.

deepcolderwallet

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Activity: 294

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Quote from: r0ach on June 02, 2017, 07:30:13 PM

Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it. Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:

If an exchange started asking me those police-interrogatory-kind questions, I'd send'em a picture of my middle finger raised and never send any more to them. Localbitcoins does the trick.

Dabs

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The Concierge of Crypto

Quote from: yefi on June 02, 2017, 05:38:27 PM

Quote from: Dabs on June 02, 2017, 11:05:25 AM

I started this year with 1 or 2 BTC. I'm now at about 5 BTC, and another 10 BTC equivalent of assorted altcoins, some of which I will trade soon, others I will wait a little bit more, and one or two I will wait until the end of year.

Jesus, you must not have been very confident in BTC if you were only holding one or two? Hope you made bank in previous years.

Oh no, I believe in BTC, I just didn't have the money (fiat). I spent some of my BTC to buy stuff and pay expenses. I'm still doing it, but my intake of BTC is much higher than my spending now. In 2016 (last year) I had about 12. A few of it from buying, the rest from assorted trades and contracts.

I'm going to hodl as much as I can now, but I'm also investing in some ICOs every month, at least multiply my BTC a little bit.

Heater

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Quote from: deepcolderwallet on June 02, 2017, 07:58:42 PM

$2500 coming in a few minutes @ Bullstamp!

This rebound has totally taken me by surprise. I was expecting a repeat of Nov-2013, but now it looks like this time is indeed different.

Full page BTC story in the investment section of the paper today.
Getting text messages about the price from randoms.

There could be a mega pump incoming.
Next 24 hours is critical.

deepcolderwallet

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$2500 coming in a few minutes @ Bullstamp!

Zegra

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This one was a bit different as it induced a very negative emotion on many people. Of course it could be a coincidence, but people seeing others selloff can trigger their own selloff even if they have nothing to do with XMR. XMR was one of the highest volume coins the day of the 'crash'.

Anyway, ETH is a lot bigger, and a capitulation in that one could drag BTC down with it. Everything is connected in crypto, you just have to put yourself in the shoes of someone new to crypto. They have never seen a bear market, only crazy rises. They are all big in ETH because ETH has been on the fast rise. Then they see that one dumping. They are going to panic sell, and I assume sell their BTC too just to be safe.

Just my thoughts and of course that's only if ETH is panic sold. If the decline is as slow as it is now probably nothing will happen to BTC.

r0ach

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Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it. Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:

yefi

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Quote from: Zegra on June 02, 2017, 06:58:56 PM

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

DGB, BCN, DOGE crashed on the 22nd, yet you're saying some pump that ended on the 24th started everything off?

And none of these coins really caused anything by themselves. They're all little boats bobbing about in the sea.

European Central Bank

legendary

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Quote from: Zegra on June 02, 2017, 06:58:56 PM

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

monero's 24hr volume is $9.5 million. bitcoin $1.3 billion.

so that's a no from me at least.

r0ach

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Quote from: Zegra on June 02, 2017, 06:58:56 PM

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

Have no fear, the wedge on real money (silver) is about to break upwards. The banks naked short metals down to barely above cost of production, but it's already so close to cost of production it doesn't really have anywhere to go but up:

Of course, anything is possible and they could naked short it some more just for the hell of it, but it would create scarcity from going below cost of production and fuel an even larger rise. So it's a good medium/long term hold no matter what they do.

Zegra

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The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

European Central Bank

legendary

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Quote from: Zegra on June 02, 2017, 06:38:13 PM

If an ETH crash were to happen now, won't it drag BTC down with it? All the new people will be panic selling everything they have, just like a few weeks ago when the monero crash caused everything to crash including bitcoin. And monero is much smaller than ETH.

what monero crash and what effect? i can't say i was being kept awake at night because of it.

eth crashing having an effect on bitcoin all depends on whether they run to dollars, and there are now no shortage of direct dollar options for eth.

Zegra

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If an ETH crash were to happen now, won't it drag BTC down with it? All the new people will be panic selling everything they have, just like a few weeks ago when the monero crash caused everything to crash including bitcoin. And monero is much smaller than ETH.

podyx

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Wait till the money from ETH start siphoning into bitcoin and we get news time and this shit gets out of hand real fucking quick

TeeBone

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ETH collapse is gonna be epic - my goodness, how many lottery fools are piling in. Get rich, buy ETH is all you hear - even the goldbugs are shilling it LOL

yefi

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Quote from: Dabs on June 02, 2017, 11:05:25 AM

I started this year with 1 or 2 BTC. I'm now at about 5 BTC, and another 10 BTC equivalent of assorted altcoins, some of which I will trade soon, others I will wait a little bit more, and one or two I will wait until the end of year.

Jesus, you must not have been very confident in BTC if you were only holding one or two? Hope you made bank in previous years.

bitserve

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Self made HODLER ✓

Quote from: rjclarke2000 on June 02, 2017, 04:30:43 PM

My best buddy has been talking to me about investing £5k into some company and expects a return of £45k in 5 years. He's telling me his friend has invested £10k and another a further £5k.

I was talking to him in mid 2013 about bitcoin and he didn't give a shit!! He's now telling me about these massive gains etc from this company and it's forecast to do this and that blah blah.

Now I like to diversify but these gains in % sound great but it's nothing compared to what we have gained in bitcoin. I am also worried he hasn't researched enough in to this company (what ever it may be).

He's so excited but I was trying to get him excited about bitcoin 4 years ago and he didn't care.

He's now preaching about these POTENTIAL future gains his other buddy has been telling him about and he's going to get.

I found it very hard to listen to him.

I wish him luck and I am sure he will profit but why he's so keen on this and shot me down in flames years ago is beyond me.

Maybe I am no salesman

4 years ago you say? 2013? Well, in that case it is probably better he didn't do it or he would be now blaming you whatever next drop that hapenned after selling his BTC for less than he did buy it. Or for losing them on MtGOX, or for.... Whatever hapenned I doubt he would be still a happy hodler.

BTC is not for everyone, at least not yet.

In fact there are many things that are not for everyone. Even simple investment isnt.

JayJuanGee

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

Quote from: rjclarke2000 on June 02, 2017, 04:30:43 PM

My best buddy has been talking to me about investing £5k into some company and expects a return of £45k in 5 years. He's telling me his friend has invested £10k and another a further £5k.

I was talking to him in mid 2013 about bitcoin and he didn't give a shit!! He's now telling me about these massive gains etc from this company and it's forecast to do this and that blah blah.

Now I like to diversify but these gains in % sound great but it's nothing compared to what we have gained in bitcoin. I am also worried he hasn't researched enough in to this company (what ever it may be).

He's so excited but I was trying to get him excited about bitcoin 4 years ago and he didn't care.

He's now preaching about these POTENTIAL future gains his other buddy has been telling him about and he's going to get.

I found it very hard to listen to him.

I wish him luck and I am sure he will profit but why he's so keen on this and shot me down in flames years ago is beyond me.

Maybe I am no salesman

Does he remember shooting you down?

People invest in what they understand, and you gotta admit that aspects of bitcoin can be quite difficult to grasp, and really to become a bitcoin believer, you have to recognize aspects of its innovation - and maybe get past some of the misleading information that might clog the thinking of many smart people, including the fact that folks have a difficult time really understanding decentralization and proof of work - and you can preach decentrailization to them and proof of work to them all that you wish, but they frequently don't really seem to get it - and that is why a large number of folks make false equivalencies with quasi-decentralized alt coins that are smoke and mirror imitations.. that may make a lot of money for folks for months and years to come.

JayJuanGee

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

Quote from: White sugar on June 02, 2017, 04:18:22 PM

Quote from: Zegra on June 02, 2017, 03:08:28 PM

Why do you think we're rising? Because we seem to have a lot of trouble going up. It's rising a tiny bit by bit but always on lower volume.

I don't see lower volumes in the daily and weekly charts

The trade volume really began to pick up in the beginning of this year; however, it took several weeks before we could really come to the conclusion that trade volume is really picking up and staying up - and the fact of the matter is that the past 5 weeks have involved a significantly high level of trade volume to cause reasonable inferences that trade volume is relative high and above average.. and that there is a considerable price battle going on, under our eyes and we are in the middle of such price battle - that includes relatively high volume and overall and for the time being, the bulls seem to be winning such price battle.. which is continuing to cause up and up and more up. .and likely to result in more up, even if they allow another correction along the way, it seems that we are continuing up.. into approximately the $4k to $6k territory.. When exactly? I am not sure, but at the moment, the $4k to $6k territory seems to be where we are heading and the extent to which there seems to be likely ongoing buying support (unless the dynamics change)..

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