Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31707. (Read 26608495 times)

Economy

Total BTC   12,022,725 BTC
Market Cap
based on latest prices
7,688,532,638 USD
or 6,588,453,300 EUR
or 23,708,813,700 PLN
or 5,470,339,875 GBP


People are...

It is not that simple

- "My" holdings are held through multiple organizations, which also have other stockholders, and they all have their different targets for investment allocation.

- Then there are arbitrage, OTC, and exchange operations that require fiat capital and are more profitable when there is high volatility, prompting to have more fiat at those times since it generates more BTC as the arbitrages are juicier (while also providing hedge against catastrophic loss when most needed).

- Then there is our family target of having a balanced allocation of crypto, precious metals, RE and other. Since crypto is the only one that tends to appreciate, if I sell too much and the price-chasing does not work, the situation corrects itself naturally and soon I am again looking for a new bubble to sell into.

=> If I make a move, I do it based on thorough analysis (thousands of lines of Excel data and hours of analysis before this one), have considered all the possible outcomes and assessed the probabilities, found a positive expected value (where the value function is a complex aggregate of all the goals of the different actors whose wealth I manage) and a bearable worst case. Then I see how it unfolds, and pocket the profit or loss according to the plan.

If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position.

If it goes down, then my greatest pleasure is that my market analysis was correct, and I also get to cash out a small amount of fiat, and keep the bitcoin count the same or even slightly increase it. So this is also profit.

With bitcoin, you cannot actually lose, that is the beauty of it    

That Kraken clown finally removed his wall. Think he is going to try his luck on another exhange

Btw. CHOO CHOO!!!

Why he didn't pay the fee?
Why 4,569 and not 6,000?

https://blockchain.info/tx/a289ea76bcc396412e90d63b90eb462ea2adb326aa027d5a1bb8864c7c152012

Thanks for the youtube link, that is a great video!

Is it generally accepted that we are at the bottom of the vertical at the moment?

Must be rpietila 

You won't be dealing with GoxBux, that's for sure.

Someone just posted a huge wall ...

Maybe the reason it's like that is because you're not the only one 

Bitstamp's on it's way to a new ATH, whereas Gox is still battling around the 750 mark... good time to transfer from Gox to Stamp?

^^^^
THIS!

This is the beginning of something epic.

Pretty stable upwards trend on Bitstamp

Bitcoin price derives from human actions , can't you all take 24(h) off ?
It's morning , raining , no coffee , and in this situation price movements aren't as funny as they were.

I just wake up .
And unlike most of people here I couldn't care about those bumps , call me when it hits 10k.

So who's crazy? Us, or the guys in the "real world"?

I suggest you get some sleep