Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17517. (Read 26714193 times)

This was somewhat unexpected, I had some shopping plans coming up soon. I guess I'll have to hold onto my Bitcoin.

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That aside, this is the direct result of the hard fork (which is unnecessary anyways) propaganda from Ver & Jihan. Not long ago, the SEC decision was a really big event. Tens of thousands of people were waiting for it that day. The negative decision was corrected (price vise) in a matter of days. The price may get even messier, but hopefully $900 holds as some sort of *bottom*. However, keep in mind the following:
Segwit is going to activate, because the economy & supermajority of users are in support of it. Read the BIP 148 UASF Segwit: https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

I am still hodling guys. Even those whales unloaded 1000 coins  

I personally don't think that this dump is going to continue much without a correction. that 900 level looks like a good place to start a small pump and to take profit on some of the shorts. I think that before a major dump we need to see a good old bear trap first and squeeze some shorts

The story of silver premiums is a complicated subject.  Generally silver eagles have the highest premiums, but they're also the most liquid and easiest to resell (in the US).  When you resell a 100 oz, kilo, or 10 oz bar, you get spot back, but a lot of local places will not be interested in such large bars like 100 oz ones, or they will offer you less than spot because $2000 bars are harder to move.  

When you resell eagles, you get more than spot back.  I saw a store owner post the other day that he pays $1.50 over spot for BU eagles.  Current spot is $17.77, so that would be $19.27.  Current price for eagles is $20.50, so you would get 94% back if you immediately resell.  Immediately reselling gold usually gets you back something like 96%, but silver has much higher upside potential.  

Bullion dealers have equipment to test bullion, but a lot of local places don't, so a lot of places only want to deal in stuff like govt minted coins that are easier to spot counterfeits such as eagles or maple leafs.  There is also legislation going through the US right now to try and make it so you don't have to pay capital gains on govt minted silver or gold coins.  That's possibly a large advantage eagles will have over normal bullion, an advantage bitcoin does not have.

Engage.....shifting mental mantra mode .......(protect ego mode engaged)

current: pump/pump/pump

(note: detrimental ego effects, due to reality (ie price)  overloading shields...go to alternate ego protection mode setting)

now: cheap coin/cheap coin/cheap coin

result: ego protection sheild flipped to alternate mode. Ego protection status nominal.

Safety mode setting: 0n Ego Protection

Node: Ego Nominal. Status quo on Ego pressure falling. Reality denial mode in 5/4/3/2/1

Sucess: Yes

Reverting to normal operating paramaters: Thinking about Naked stuff...



(hey, whatever works to save my fragile ego)

Fixed that for you

weeeee :-D $750 close?

 

BTC soon to one Saoshi.

I'm pretty sure that's a bad sign

You should feel stupid

FUCK THIS SHIT !

NO

Yes

I feel really stupid. Anybody else feel that?

Sometimes you've got to go ugly early. Surely those ugly mofos in Core should get that.

Might as well wait for 200

I will at $800

Who's buying the dip??

This is like that time in the bible where the two whales very reasonably decide to cut the baby down the middle. Because sharing.

All these metal merchants stick huge premiums over spot and then offer piddly discounts for using ANY form of payment.

scalp much?