Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18817. (Read 26712386 times)

Actually, we agree on something. 

I understand that anything is possible with bitcoin, but in recent months, there were already several fairly serious attempts at getting us below $430.. and there just seems to be an inability to inspire a sufficient number of folks to sell their BTC at those price levels. 

So, either we would need to receive some pretty convincing FUCD spreading, or some kind of large scale BTC related corruption, such as OK Coin running off with a million coins or some other very large BTC holder having sufficient balls to attempt such similar shenanigans... it's not out of the realm of possible scenarios to have something amazingly negative - but is a much less likely scenario.

Just a little bit about my buying coins for 2 years and then experiencing several of these upwards price movements in the past year, really, for about the past 8 months, I have been building up my BTC portfolio to be able to withstand large downward price corrections (20% or more), and certainly the last couple of upswings into the $470s has been very helpful in building up my BTC holdings in that regards....

I would not want to experience another 20% downward price correction, but it would be financially manageable for me within my BTC portfolio funds and even with a 20% downward correction, my BTC portfolio would still be in a much better position than it was during much of 2015 - especially it's status around January 2015 when we had gone down to the lower $200s and even below $200 for the first time during that particular bear cycle.

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Stamp is drunk as hell...

“We were aiming towards the clouds, not on building a mediocre midsize business. We took the big investors and chances spirit. But it has not paid off.” -- Sam "King" Cole
https://youtu.be/yJxCdh1Ps48

Don't think that's gonna happen. Congratulations. Sincerely.

It's not actually $470 but it was 3000 yuan mark in China, which was close to 470 but changing due to the exchange rate ... and now it is $500 that it is eyeing, so we will set-up a foundation to have a run at that from here somewhere .... or a big wave of new fiat defects and it soon blows through on another $30 busting run higher.

You give me e.g., I give you chart.

You give me an e.g. (file sharing), I explain to you that not only is file sharing legal, but despite of it being legal, it's still getting less popular.
And still you complain

I have not suggested "Banning ransom payments," that was you. I did suggest that making beetcoin illegal would make it less attractive to ransomware scumbags disruptive beadcoin entrepreneurs who extort hospitals.
Because demanding to be paid in Bleetcoins would assure that the aforementioned paradigm-shifters will not get paid, making their douchebaggery objectively unprofitable, all for naught.
Q.E.D.
http://s33.postimg.org/ar861551r/anim.gif
Jeesh

Yeah, you are right. I am just surprised (and a little bit annoyed) that this silly 470$ mark still keeps us back.

You are still coming off as a kind of glass half empty sort of dude, and as if nothing is going to be enough for you. 

The fact of the matter is that we had a nice little 5% rally.

And, really, even if many of us pro BTC folks are BTC HODLers and accumulators and we are looking forward to a price explosion, it is not really healthy or even realistic to expect too much too soon.   If it happens it happens, and we can count our blessings, but we could be in this sub $500's price territory for several weeks, and the situation remains remarkably bullish... and should even be profitable for a large number of folks.

Yeah, there may be a large number of folks that still have average BTC prices between $600 and $800, or even higher, but the fact of the matter is that most of us (including you who has had an account here for more than 3 years) should realize that markets can remain irrational for a very long time.. and we gotta play the markets in order to better our position and actually rejoice that we had a 5% rally in the past 48 hours... which also coincides with nearly a 20% rally over the past couple of months and more than a 100% rally in the past 10 months.... Currently, we are in a good place in bitcoinlandia, even if BTC prices take another 2 years to upwardly explode (which really I don't think that such upward explosion is going to take 2 years, but we should be mentally prepared for such possibility because it could happen).

The dump that will commence soon on Polo is going to be epic. Always good for some extra BTC.

Been down so god damn long.. that it looks like up to me...

http://hackingdistributed.com/2016/05/27/dao-call-for-moratorium/

P2P traffic. It is mostly a poke at your Gnutella chart, as the preferred method of piracy has obviously shifted. If piracy is consuming a smaller percentage of global bandwidth, I'd suggest this is due to streaming services such as Netflix which reduce the incentive, rather than due to anti-P2P endeavours.


Banning ransom payments isn't going to work because enough people will pay to still make it a profitable venture. This is why it isn't good enough, beside the fact that you're criminalizing the victims who do pay, a fact exploitable by the still-not-discouraged hackers.

470$ seems to be too strong again.

Craig Wright's a ginormous block size proponent, he would have written something like the below quote, with the proviso that the blockchain moves to a private network for banks controlled solely by him.

I see what you did there.

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who is this gal with sexy b00bs