Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18747. (Read 26710237 times)

Not really:



Edit: Fudge! Porkchops beat me to it!

It's more of a spirally thing. Rockets and ballistic missiles were sired by the same gentleman, so think this:



*The whole moon thing was a hoax tho.

Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down?

Thanks for reiterating that point. 

 I believe that I did attempt to account for the fact that in the past couple of years there has been a continued and ongoing increase in the variety of vehicles in which folks can get fiat onto exchanges and/or other direct purchase vehicles like your mentioning of Coinbase.. and of course there are a lot of others that were not there in 2013, for example.

Nonetheless, I will mostly stand by my point in the assertion that BTC remains heads and shoulders more versatile in quickness to move and low cost to move - in spite of improvements in moving fiat.

Can you imagine moving $1 million dollars or more for fairly small fees.... Well, if I had 2,000 BTC or more, I could move that onto any exchange in which I hold an account in a matter of less than an hour in many cases.. and those funds would be available to me to play around with the BTC prices on that exchange... or just to attempt to get out of BTC really quickly, in the event that I was feeling jitters regarding information that I have about a potential upcoming downward price correction.

So, my point is not necessarily regarding a large amount of openings into getting into BTC through fiat channels, but instead that the considerable disparity in BTC movement abilities is likely much more bearish than it is bullish or even neutral in respect to BTC's ongoing price performance.

I think most people don't understand that in the event of a major drop in hash rate, your own personal rate of coin income will not change.

If you are earning 0.01 bitcoin/day before half the network drops off, you can expect to continue to make 0.01 btc/day until the next difficulty adjustment. The amount of time it takes until that adjustment will be increased of course, but after that adjustment inevitably happens, you can expect to make considerably more.

Frequently, it is quite astonishing regarding how some of these supposed knowledgeable bitcoin writers can come up with such illogical nonsense.

CCMF!!!

Frequently, it is a better practice to hold a small percentage of your total holdings in fiat.

While my BTC portfolio was in the red, I remained considerably hesitant to hold very high of a percentage in fiat.  I suppose that was largely because I was predicting and anticipating upward's price movement, and plus that seemed to be the more prudent practice.  Accordingly in about the past several months, I was mostly aspiring towards keeping my portfolio about 95% BTC and 5% fiat.

With price movements, my allocation tended to vary, and when BTC prices went up from $403 to $470 with barely any corrections, my allocation went from approximately 96% to about 92% BTC.  Thereafter, when the price corrected back down to about $435 on three occasions, I kind of ended up over doing the rebuying of BTC and my portfolio went to about 98% BTC  / 2% fiat.

Currently, because of a lot of the upwards price movement and some of the recent small corrections, I am a little bit unclear about my exact allocations, but I would estimate it to be around 93% BTC and 7% fiat.  In about the past week, I have been considering ways to attempt to reallocate over time in such a way that at least over the possible upcoming BTC price fluctuations, my BTC portfolio will largely remain between 85% and 95% - with a kind of target of 90%.   I think that I could probably manage keeping such  an allocation at least while BTC prices are anywhere between about $400 and $2,200.  If BTC prices go outside of that range any time in the near future, I will likely need to reconsider my thoughts about my allocation. 

Of course, each person is going to come to their own conclusions regarding how to allocate in accordance with their personal circumstances and view of the future BTC price direction (whether long-term or short-term).

No I deal with a reputable business.  No more risk than purchasing anything else in the store.  Before you twist that statement their is no risk purchasing anything else in the store.  Problem is the fee is 4x higher than it was last time for the amount I buy so even though I love using cash I probably won't use their service again.

Lol, good old Crapdesk and Crapbase showing their true colors shilling for Ethereum and Goldman Sachs.  The last halving I tink the hash rate temporarily dropped 10%.  This time the 16nm miners are being sold by places like Antminer right at the same time of halving.  The hash rate will probably be close to the same or maybe even go up from 16nm miners.

It's also obvious Fred Ehrsam attempted to insider trade Ethereum and got burned when it didn't go up like he wanted.  That's why they're shilling so hard now.  He's bagholding a bunch of worthless Ethereum along with Goldman Sachs and others.  They're looking for someone to dump that useless IPO scamcoin on and they know their scamcoin crashes when Bitcoin price goes up.

you are right about easier to sell than to buy with fiat currency (to get it on the exchange)
But don't discount the demand created by services like Coinbase where you can buy with debit card (smaller amount)  or with linked bank account for delivery in a few business days -  this has an effect on demand

ahhh... just sold 1 at 573.00 enough to cover my electric and little extra..... 

Was hoping for 580+ but I ain't complaining lol ok, back to mining

CYA!

Hmmm... it has the same MO like the one from the 31'st ... He does like his bear traps... then cook them and feast!


              <<< Chart Here!

I do consider this assertion regarding fewer and fewer coins on the exchanges to be a significant point.

And, I am not sure about how such a fact were to play out, if it were true.

Yeah, one scenario is as described, fewer coins available on the exchanges causes the price to go up because there is an insufficient number of coins on the exchanges.

Actually, as I think through the scenario, this claim of not enough coins on the exchanges merely boils down to fewer people wanting to sell their coins because they are expecting them to appreciate in value in the very near term future.

The fact of the matter remains that bitcoins are very easy to transfer onto the exchanges and to transfer onto exchanges quickly, and the only question remains whether any person potentially willing to sell coins already has an account on such an exchange.

On the contrary, the more difficult logistics involves fiat, and even though there are more and more ways to buy bitcoins, there are still considerable problems in moving fiat onto exchanges in any kind of rapid manner... so in the end, I still conclude logically it makes more sense that the disparate abilities to rapidly move fiat as compared with bitcoins causes more ability for rapid downward price action, rather than rapid upward price action (mostly upward price action has to have some premeditation coupled with the fact that coin HODLers are less and less inclined to sell under current market conditions)

Lol, ya that's why I mine eth 

You're mistaken.  Sure, only up 1.37 % in the past 24 hrs, but taking into consideration the fact that ETH price has increased MORE THAN TENFOLD!!!1 in 2016 alone, I consider that a minor setback

This spring feels very 2013-ish.
_____

Just got back from running an errand and see the price is back over $570. Bitcoin Bozo bounces back.

well this is true, however Eth is not going up at he moment either...... as BTC rises Eth has dropped... so.... 

Fixed.
Many exchanges have USD/ETH pairs. Can't rest on your laurels when others are busy shifting paradigms. That which isn't busy disrupting outmoded legacy finance... why, it's busy dying!

(but it's all right, Ma )

Nah, he is painting the worst case scenario. I think so long as miners are at no less than a break even, and there is signs of a slow but steady price rise, then most will hang in and see where it goes. I don't see suddenly 300 PH dropping the day of halving.

Sure some will turn off their miners and wait it out, but would be spotty and mostly small home miners more than likely. Now if BTC is around 400 ish or worse at halving then there could be a real "problem Houston" But given where we are today in price..... I don't see a hard fork and all the other gloom and doom.

BTC is still the anchor for Alts such as Eth and so on.... now that could flip at some point? Eth becomes the new anchor in crypto, but unlikely  

No prob, Friendo!