Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17239.

quarternions

newbie

Activity: 44

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First post here, been lurking around bitcoins for the past few years and never did anything with it sadly. Did a SEPA transfer this Friday but a tad to late (so it won't come into my account till tomorrow, stupid banks) and missed the dip Sad

I just found out I could instantly buy at GDAX with a credit card, noticed a small 20-30 euro dip and now it is wobling a bit. Should I buy some "playing" BTC right now or do you guys think it will drop a bit more in the upcoming hours? I will use the money that is coming in tomorrow for a longer investment.

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: Ibian on May 14, 2017, 12:45:39 PM

But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.

I think it's actually worse than that. The Average Joe that discovers Bitcoin (while it's rising, of course) and suddenly "wants in" has no clue what it even is, or why it is important in the long term. They just want to see it rise, and smugly pat themselves on the back because they are "making money" in the short term.

In fact, they don't have any inkling that their fiat currency's purchase power has been dropping drastically over the last 20 years, and that their measly savings account is going nowhere fast. They have been oblivious to that, and don't really see it as a problem until it's too late.

Maybe I'm being a little harsh here, as people all come around to discovering Bitcoin in different ways. But I keep reading comments of people saying things like "I'm getting back into the game of Bitcoin", or "I'm new to the game."

Bitcoin is NOT a fkn game, to be played short term. And they will lose badly if they treat it as such. These are the idiots that always panic sell at the bottom.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Chainsaw on May 14, 2017, 10:06:40 AM

Quote from: Torque on May 14, 2017, 08:56:29 AM

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

It's happening. Grin

Same. They never buy until the rallies start. The majority of people need empirical evidence - logic, reason, probabilities, or risk/reward scenarios do not suffice.

The intensity and strength of the bull market to date has me favoring a multi-month+ bull scenario from here.
somethingsomething next few weeks are critical ;-)

It's the opposite. Most people are emotional creatures. Tell them about supply and demand, explain with math how unlikely it is for anyone to ever hack their wallets and it won't matter if we are in a two year slump. Bitcoin is obviously dead.

But show them how much you gained by buying a year ago, and they will want in. Greed always trumps logic.

BTCtrader71

hero member

Activity: 784

Merit: 1001

Quote from: grenkatost on May 14, 2017, 11:10:16 AM

Bitcoin is sold twice as much as bought on gdax, over the last 9 days (buy 43K — sell 80K).
What do you think? This is normal?

https://cointradeanalysis.ovh/dashboard/db/exchanges-overview?refresh=15m&panelId=14&fullscreen&orgId=2&var-currency=btc_usd&var-exchange=gdax&from=now-9d&to=now

It means the sellers are paying way more in trading fees than the buyers. SUCKERS!!!! Tongue

lol

grenkatost

newbie

Activity: 46

Merit: 0

Bitcoin is sold twice as much as bought on gdax, over the last 9 days (buy 43K — sell 80K).
What do you think? This is normal?

https://cointradeanalysis.ovh/dashboard/db/exchanges-overview?refresh=15m&panelId=14&fullscreen&orgId=2&var-currency=btc_usd&var-exchange=gdax&from=now-9d&to=now

BTCtrader71

hero member

Activity: 784

Merit: 1001

Quote from: Torque on May 14, 2017, 10:24:04 AM

Quote from: BTCtrader71 on May 14, 2017, 09:24:44 AM

Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.

Is she married to Krugman or Williams? Lol

Haha nope. Husband is also an economist, but she's the Krugman of the fam, which I'm pretty sure she'd take as a compliment lol

Quote from: Torque on May 14, 2017, 10:24:04 AM

I have no idea where this bull run is going, or when it will peter out.

But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't. I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction.

So do the math? And follow the smart money?

Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?"

He replied, "I skate to where the puck is going to be, not to where it has been."

Grin

Agree with everything you say. (I wouldn't be surprised if what you say about the world markets comes true, although I can't say I have any particular insight, or know whose opinion to trust on that matter ... )

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: BTCtrader71 on May 14, 2017, 09:24:44 AM

Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.

Is she married to Krugman or Williams? Lol

I have no idea where this bull run is going, or when it will peter out.

But what I do know is, there is a saying in the stock market. That the smart money is two years ahead of everyone else, and is first to get in because they know something is on the horizon that Average Joes don't. I'm also hearing that we could be 1-2 years away from a drastically sharp correction in the world markets (e.g., equities, commodities, real estate, etc). Or a that a poorly run country will have a total economic/monetary collapse and start a chain reaction.

So do the math? And follow the smart money?

Wayne Gretzky was once asked by a sports reporter, "How do you account for your uncanny skills in Hockey?"

He replied, "I skate to where the puck is going to be, not to where it has been."

Grin

becoin

legendary

Activity: 3431

Merit: 1233

This train can't be stopped.

Chainsaw

hero member

Activity: 625

Merit: 501

x

Quote from: Torque on May 14, 2017, 08:56:29 AM

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

It's happening. Grin

Same. They never buy until the rallies start. The majority of people need empirical evidence - logic, reason, probabilities, or risk/reward scenarios do not suffice.

The intensity and strength of the bull market to date has me favoring a multi-month+ bull scenario from here.
somethingsomething next few weeks are critical ;-)

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: Torque on May 14, 2017, 08:56:29 AM

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

they're just trying to figure out how to pay off the ransomware Cheesy

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: European Central Bank on May 14, 2017, 09:36:22 AM

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

I would say mention it once or twice. If they're interested, let them find out more themselves, otherwise they'll blame you if they screw it up. If they're not interested, leave it alone or you'll end up getting pissed off by their cocky attitude whenever there's a slight dip in price and their pedantic criticisms.

European Central Bank

legendary

Activity: 1288

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far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

BTCtrader71

hero member

Activity: 784

Merit: 1001

Quote from: Torque on May 14, 2017, 08:56:29 AM

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

It's happening. Grin

I couldn't stop myself from telling friends and family about it starting early 2013. Several bought, and several even hodl'd, to their credit. One panic sold at a profit, another panic sold at a loss but then bought some alts and made up for his losses.

Only one family member reacted negatively. Venomously, you might say. That family member .... is the one economist of the family. I have to bite my tongue now during conversations with her. Go figure.

The one friend who bought (in 2013, at 400) and then panic sold (in 2014, at 600) is thinking of buying back in and wants my help doing so. Why now? Because the price is shooting up, like in 2013. He probably won't get around to it until $4000, and then he'll panic sell at 6000 on the way down after the 10k peak ... It's one reason that it feels kinda like 2013 to me now.

Torque

legendary

Activity: 3780

Merit: 5429

Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.

In all those years I never heard anyone that I'm close to mention it.

Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.

It's happening. Grin

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: gbianchi on May 14, 2017, 07:46:22 AM

where you take the rank ?

M2 = https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html

Result in M2 =

Quote

M2 is a broader money classification than M1, because it includes assets that are highly liquid but are not cash.

A consumer or business typically doesn't use savings deposits and other non-M1 components of M2 when making purchases or paying bills, but it could convert them to cash in relatively short order.

M1 and M2 are closely related, and economists like to include the more broadly defined definition for M2 when discussing the money supply, because modern economies often involve transfers between different account types.

For example, a business may transfer $10,000 from a money market account to its checking account. This transfer would increase M1, which doesn’t include money market funds, while keeping M2 stable, since M2 contains money market accounts.

Read more: M2 http://www.investopedia.com/terms/m/m2.asp

M1 = https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html

spooderman

legendary

Activity: 1652

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calling the actual bubble pop at around $3k-$4k

Ted E. Bare

hero member

Activity: 658

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Bear with me

Got to love those bear traps.

gbianchi

legendary

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Quote from: JayJuanGee on May 14, 2017, 05:26:22 AM

A year ago, Bitcoin's M1 ranking was close to 100, and recently, in the $1800 price territory, Bitcoin's M1 ranking is around 59. Maybe going to be in the top 50 M1 rankings, soon.

where you take the rank ?

I know about coinometrics but it is broken now....

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Bitstamp's crashed slightly below the $1800 ATH from three days ago again!

Quote from: HI-TEC99 on May 11, 2017, 01:05:58 AM

Quote from: ?? on ??

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: Lauda on May 14, 2017, 04:56:43 AM

Quote from: kurious on May 14, 2017, 04:37:59 AM

Low? It's only low compared to alts - compared to stocks, currencies, PMs, commodities.... it doesn't look it!

You do realize that it recently, albeit briefly, had a lower volatility than the Euro? Anything sub 5% in the historic volatility (as per that website) is great. Furthermore, Bitcoin seems to be on the track to reach standard currency volatility.

Yes.... The M1 ranking of bitcoin is slowly becoming higher and higher and higher, and the M1 ranking demonstrates a bit of the increasing marking cap. Of course, an increasing market cap will make manipulaiton more difficult and decrease volatility.

A year ago, Bitcoin's M1 ranking was close to 100, and recently, in the $1800 price territory, Bitcoin's M1 ranking is around 59. Maybe going to be in the top 50 M1 rankings, soon.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17239. (Read 26607976 times)