Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18292. (Read 26608435 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I think that ultimately each of needs to attempt to our best ability to tailor our practices to our financial situation, time line and risk tolerance.  And, if you can accomplish that, then you are successful, whether you make money or not, and hopefully be able to learn from mistakes to make better plans in the present in order to better prepare for the future.

Sometimes your financial situation, timeline, and risk tolerance will net you 7000 BFX tokens.

I suppose this means you'll be researching a good way to safely hodl your own bitcoin? Avoid the risk of leaving it all on exchanges, no? Or is your angaper risk tolerance just that elastic?

Well, I might consider responding in detail to you, if you weren't engaged in selective, repetitive patronizing lecturing, and if you were willing to discuss your own investment strategies, as well.  But, yeah, many of us already realize that you , and your other lambie sock accounts, are not in this thread to actually share information and to engage in any kind of meaningful and interactive way.
member
Activity: 115
Merit: 10
I think that ultimately each of needs to attempt to our best ability to tailor our practices to our financial situation, time line and risk tolerance.  And, if you can accomplish that, then you are successful, whether you make money or not, and hopefully be able to learn from mistakes to make better plans in the present in order to better prepare for the future.

Sometimes your financial situation, timeline, and risk tolerance will net you 7000 BFX tokens.

I suppose this means you'll be researching a good way to safely hodl your own bitcoin? Avoid the risk of leaving it all on exchanges, no? Or is your angaper risk tolerance just that elastic?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"

[edited out]




You should put it more in perspective for them... "Buy bitcoin or suffer!... Your money will be worthless!" or something like that... or at least break it to them in a diplomatic way.


I talk to people in  terms of their apparent ability to absorb information.

I they seem to engage, then I will engage.  If they seem to glaze over, then I will change the topic.

I only give advice if people ask, and that tends to be pretty rare, and only after getting to know them pretty well.

People tend to want to give advice rather than take advice, yet sometimes, it is possible to get some back and forth going about any topic, including bitcoin related matters.





Many of those 20.999.999 coins will be lost on their way home to 2140! ... I'm thinking that just 19.500.000 coins will survive... the most positive outcome I think about that.



You are crazy if you think that many coins will survive to 2140.  We are probably already down 2 million coins in less than 10 years of bitcoin's existence, due to loss, death, etc.



And if you are convincing enough... your friends will convince other people as well for you, without bothering too much! ... Just try to create ripple effects in time... Smiley

I believe in lead by example, and over time, bitcoin is going to become more and more known and more and more adopted.. some people just take longer than others,... I am not about to attempt to persuade anyone who is not already inclined in such direction....  My thinking is that non-adopters will come to bitcoin in due time and in their time.



*Edit: And when I talk of 10k ... I mean as in a bottom!


I agree that bitcoin has a lot of potential, yet at the same time, there is a lot of monied interest that may also engage in a variety of tactics (and even lose money) to attempt to keep bitcoin down.  So, how is it going to play out, and how long will it take to get to $10k or above... Difficult to know for sure.




*Edit2:

... So I don't understand from where is this "dump, dump, dump!" FUD from you is coming...


Did I say anything about "dump, dump, dump"?  I mentioned possibilities of downward price action.

Anyhow, it may be worth it to repeat that I generally sell as the price goes up and buy as the price goes down.  I might preemptively strike in one direction or another if I have a pretty high level of confidence that the price is going to be adjusting by at least 10% in one direction or another - but those kinds of preemptive strikes are pretty rare for me, and tend to make me nervous too.

The last time that I employed a preemptive strike was last week, upon hearing about the Bitfinex situation.  I sold about 3% of my total BTC stash at $583.50 and then bought back at about $508.  I was attempting to buy back during the flash crash to $465, and by the time that I caught up with the matter, the price was in the $488 territory, and since I could not get my transactions to go through, I ended up buying back at about $508.


There I did better than you ... Sold at 655 something like 55% - 60% of my total  ... When I saw that 5$ dip from 660$ ... and waited... and waited.. waited... etc... and a few hours later price dipped 1$ per 15-20 minutes... till it reached another 15-20$ ... And then I sold the rest when I saw that 50$ dip... but I actually sold before the 50$ dip, because my exchange reacts 2-3 minutes later than the Chinese exchange. So I can basically short with no problem, at a 5-10$ loss per coin.


Based on your previous posts and your previous bragging.. especially in your earliest post in this thread, I have my doubts about whether you are actually telling the truth, yet in the end, it really does not matter to me whether you are telling the truth or not.

I personally am not competing with anyone and I am only attempting to tailor my activity to my own financial situation and my risk tolerance, etc.

I think that ultimately each of needs to attempt to our best ability to tailor our practices to our financial situation, time line and risk tolerance.  And, if you can accomplish that, then you are successful, whether you make money or not, and hopefully be able to learn from mistakes to make better plans in the present in order to better prepare for the future.





sr. member
Activity: 326
Merit: 250
so how will the price be effected when bitfinex longs start from 0 and grow back to 40million?
and how will demand be met if everyone is busy withdrawing coins out of bitfinex?

Bitfinex is talking about possibly processing withdrawals manually, and delaying the reintroduction of leverage until after withdrawals and normal trading have been reintroduced. Doing manual withdrawals will be as slow as a snail, and they can halt them (and a bank run) at any time with a slippery excuse.

https://www.reddit.com/r/Bitcoin/comments/4wng2j/site_relaunch_bitfinex_blog/d6as7kx
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
after say the fall of the last exchange and the next silk roads auction
can we get a ETA estimated time of arrival on the next bubble  ?
about how long till we see positive 800 per coin and up  ? 

How is anybody going to know the answer to this question with any degree of certainty?

Anyhow, if we go above $800, there is about a 70% chance that such will occur less than 2 years from now.

Therefore there is about a 30% chance that going above $800 will take longer than years.

What about you?  What is your prediction? 
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!



Not going to happen! ...

But... This will probably happen:




*Edit: I suspect that those 100k+ coins that disappeared are being moved on to SSD cards or on multiple phones and sold on the streets of China hand-to-hand like drug dealers would do... Cuz Hong Kong(Finex) is very close to China! ... And hackers are like 98% from China... Smiley

*Edit2: No one would suspect a thing... they would just see 2 people holding their phones and looking on their screens! Something normal.. Smiley
member
Activity: 115
Merit: 10
after say the fall of the last exchange and the next silk roads auction
can we get a ETA estimated time of arrival on the next bubble  ?
about how long till we see positive 800 per coin and up  ? 

'bout two weeks.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

That is correct.. each of us knows about various events, and we have various experiences that shape our views, and in the end, we respond based upon that.. and maybe even in the process disclose some of the reasons why and how we arrived at our conclusions.

Well in the context that we are facing now... And by that meaning the real world is on a verge of a major banking and everything else collapse, China floods, India floods, +other Asian countries... France floods that made wheat production fall by at least 30% from the estimates... Also South America and other South Hemisphere countries have problems because the incoming mini-ice age... if you don't know on the trading of coffee ... this is the 4th year that the real world coffee productions has suffered losses! .. on average in the last 4 years losses of 30% !!! ... And other things as well... Austria received snow and floods never seen in 100 years... Italian banks are thinking of confiscating population money, EU does not let them, Germany and Deutsche Bank seems to be screaming for some bail out money... then there comes Portugal... Spain.. UK.. even if I think Spain is almost safe. And besides that there are weird wars and political events happening...


Yes some of those events are more important than others, and even within the events that you describe above, their trajectories are somewhat unknown and some of them will play off one another and people will account for the events in different ways - that is if they even know about them or know details.


And all this nonsense will make BTCitcoin go to 2k - 3k in the next year!


There you go, again.. Engaging in a kind of regression back to a kind of fatalism - as if bitcoin's trajectory were inevitably up or that the outcomes of the various events that you describe are of such a nature to inevitably cause your description of bitcoin's upward price trajection.



And maybe 10k+ after 2018+


Oh?  Even you recognize that there could be a "maybe" in there somewhere?   Cheesy Cheesy





Why are you such a wuss? Smiley ...



That is a relative perspective regarding "wuss", and it really does not mean anything.... I believe that I have  a pretty significant investment into bitcoin, and I tend to accumulate and HODL, even when quite a few other folks seem to be selling.



You should be spreading the word... our lord and savior "JesusCoin"BTCitcoin will prevail...

I am not really an evangelist of anything, but I do tend to tell people about bitcoin to the extent that they seem interested in the concept and receptive in receiving information from me.


 I told all my friends to try to invest and get at least 1 coin for fun.. It can't hurt them in the long term. BTCitcoin has good "HODL" storage value in the long run!


Yeah.  1 coin should be a decent investment for anyone who might not have a large budget, but they want to get some stake in the game.

Now if you could just get another 20,999,999 friends and convince them to buy at least 1 bitcoin, on or before 2140, we may end up experiencing a bitcoin shortage, which would be a "good thing," correct?  Wink




You should put it more in perspective for them... "Buy bitcoin or suffer!... Your money will be worthless!" or something like that... or at least break it to them in a diplomatic way.


Many of those 20.999.999 coins will be lost on their way home to 2140! ... I'm thinking that just 19.500.000 coins will survive... the most positive outcome I think about that.

And if you are convincing enough... your friends will convince other people as well for you, without bothering too much! ... Just try to create ripple effects in time... Smiley

*Edit: And when I talk of 10k ... I mean as in a bottom!

*Edit2:

... So I don't understand from where is this "dump, dump, dump!" FUD from you is coming...


Did I say anything about "dump, dump, dump"?  I mentioned possibilities of downward price action.

Anyhow, it may be worth it to repeat that I generally sell as the price goes up and buy as the price goes down.  I might preemptively strike in one direction or another if I have a pretty high level of confidence that the price is going to be adjusting by at least 10% in one direction or another - but those kinds of preemptive strikes are pretty rare for me, and tend to make me nervous too.

The last time that I employed a preemptive strike was last week, upon hearing about the Bitfinex situation.  I sold about 3% of my total BTC stash at $583.50 and then bought back at about $508.  I was attempting to buy back during the flash crash to $465, and by the time that I caught up with the matter, the price was in the $488 territory, and since I could not get my transactions to go through, I ended up buying back at about $508.


There I did better than you ... Sold at 655 something like 55% - 60% of my total  ... When I saw that 5$ dip from 660$ ... and waited... and waited.. waited... etc... and a few hours later price dipped 1$ per 15-20 minutes... till it reached another 15-20$ ... And then I sold the rest when I saw that 50$ dip... but I actually sold before the 50$ dip, because my exchange reacts 2-3 minutes later than the Chinese exchange. So I can basically short with no problem, at a 5-10$ loss per coin.
newbie
Activity: 24
Merit: 0
after say the fall of the last exchange and the next silk roads auction
can we get a ETA estimated time of arrival on the next bubble  ?
about how long till we see positive 800 per coin and up  ? 
member
Activity: 115
Merit: 10
and how will demand be met if everyone is busy withdrawing coins out of bitfinex?

You mean scrambling to buy coin as fast as they can to exit that mofo?

shhh, you'll ruin it.

But this is all predicated on the chance that they get this rat's nest trading before the jackboots freeze their accounts and kick in the door... lol.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
so how will the price be effected when bitfinex longs start from 0 and grow back to 40million?
and how will demand be met if everyone is busy withdrawing coins out of bitfinex?
newbie
Activity: 17
Merit: 0
^Dunno. You think that buy wall @530 on BTC-e is real?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
newbie
Activity: 17
Merit: 0
new poll

the day grows nearer, BFX/BTC trading to go live SOONTM

what will (or would) you do with your BFX tokens?

Not seeing the "Buy an archipelago and build a franchise of privatized gulags" option. Where is it?
member
Activity: 115
Merit: 10
Blockchain is the means to an end, but bitcoin is the idea of freedom of association and transfer of value that once envisioned, cannot be overcome.

Fact: Dignan, the picture's not doing it for me right now.

P.S: You turn off those KNC space heaters yet? Satisfied with the decentralized security governing your freedom of association and transfer of value these days?
Anyone else getting a feeling of foreboding, a sense of impending doom?

what will (or would) you do with your BFX tokens?

(Imagine a numbers-matching smoldering pile of US dollars?)
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
new poll

the day grows nearer, BFX/BTC trading to go live SOONTM

what will (or would) you do with your BFX tokens?
newbie
Activity: 17
Merit: 0
bitcoin is the idea of freedom of association and transfer of value that once envisioned, cannot be overcome.

A boatload of value just got transferred to the nice gentlemen running Bitcoin's premiere, most secure exchange: Bitfinex.
In return, the gentlemen are giving you some valuable tokens.
Makes me feel good inside Smiley
legendary
Activity: 1512
Merit: 1000
@theshmadz
Quote

bitcoin can't break
and if it does we'll fix it.

lol cash on pallets.


You know what Adam, I kinda agree. Not that bitcoin can't break, but that we'll fix it as it happens.

This is my own personal separation of off what bitcoin means vs what "blockchain" means.

Blockchain is the means to an end, but bitcoin is the idea of freedom of association and transfer of value that once envisioned, cannot be overcome.
legendary
Activity: 1512
Merit: 1000
@theshmadz
BFX coin to the moooon!  Shocked

Glad to see you're still around, I thought maybe at some point you'd get cleaned out but it seems you're doing fine, kudos!

This whole bitfinex thing is the main reason I've been advocating "as low as possible for as long as possible"  just imagine the political fallout from this kind of "hack" if the price had been 10 or 100X where we are today.

Best case scenario for the long term, in my opinion, is if we can remain below ten billion market cap for as long as possible while the kinks get worked out.

This shit might be game changing, but it's nowhere near prime time.

Some egghead is gonna crack this thing eventually. Who wants to become a systemic risk? Spread it out like butter on a burn. That's what I say.

EGG-xactly!

Your crypto money is only as secure as whatever the current state of the art cryptography is capable of.

How can elliptic curve possibly be as secure as shipping paper bills on pallets? Transparency be damned!
http://www.wsj.com/articles/u-s-sent-cash-to-iran-as-americans-were-freed-1470181874

If you get blocked by the shitty wall street journal, just Google the following "U.S. Sent Cash to Iran as Americans Were Freed" -no body bothers to do their own work any more , the media has become the best echo chamber ever!
legendary
Activity: 1260
Merit: 1116
BFX coin to the moooon!  Shocked

Glad to see you're still around, I thought maybe at some point you'd get cleaned out but it seems you're doing fine, kudos!

This whole bitfinex thing is the main reason I've been advocating "as low as possible for as long as possible"  just imagine the political fallout from this kind of "hack" if the price had been 10 or 100X where we are today.

Best case scenario for the long term, in my opinion, is if we can remain below ten billion market cap for as long as possible while the kinks get worked out.

This shit might be game changing, but it's nowhere near prime time.

Some egghead is gonna crack this thing eventually. Who wants to become a systemic risk? Spread it out like butter on a burn. That's what I say.
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