Guys! Stop panicking LOL
It's still $9,721
Bitcoins is not going to disappoint you.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9504. (Read 26611329 times)
August 28, 2019, 01:24:22 PM
August 28, 2019, 01:24:07 PM
at least there is some volume now.
August 28, 2019, 01:23:17 PM
Kraken stopped trading for a time earlier, I wonder if there is a link.
August 28, 2019, 01:23:03 PM
Wow what's going on ?
Someone took offense at the poll... . No point, loading up fiat... .
August 28, 2019, 01:22:09 PM
Yeah but why ?
August 28, 2019, 01:21:59 PM
Mebbe clearing out the leveraged longs before a pump. I expect a snap back.
August 28, 2019, 01:21:42 PM
Went down by the river and low and behold...what do I see?
Hmmm....
Decent...cheap coins coming up...buy the dips.
Hmmm....
Decent...cheap coins coming up...buy the dips.
August 28, 2019, 01:20:57 PM
August 28, 2019, 01:20:38 PM
OH noo nooo nooooo! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooo
$8k INCOMIIIIIIIIIING
$8k INCOMIIIIIIIIIING
BAKKT warehouse burned down....
August 28, 2019, 01:19:52 PM
Wow what's going on ?
August 28, 2019, 01:18:10 PM
OH noo nooo nooooo! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooo
$8k INCOMIIIIIIIIIING
$8k INCOMIIIIIIIIIING
August 28, 2019, 01:17:18 PM
I guess $8k coming up?
6 
August 28, 2019, 01:16:44 PM
Oh wow. I stand corrected.
Have never heard of a loss carry back.
Thank you - you taught me something today.
I withdraw my prior comments.
Have never heard of a loss carry back.
Thank you - you taught me something today.
I withdraw my prior comments.
Your welcome my very gracious friend.
I learned more than I wanted about the insanely complex tax code as an entrepreneur. as stated before, my primary objection to the whole goddamned thing
The US Tax Code is a disgrace. And it hurts entrepreneurship grievously. And it may get worse if (well, politics is best left unmentioned).
* * *
jojo69, you have a message! I don't comment that much here anymore, mostly lurk.
August 28, 2019, 01:16:08 PM
I guess $8k coming up?
August 28, 2019, 01:15:43 PM
August 28, 2019, 01:11:43 PM
Just curious, why silver and not gold?
Gold has been a better investment most of the time.
Gold has been a better investment most of the time.
1) The gold to silver ratio chart highly favors silver
2) Silver is the most artificially downward rigged commodity on the entire planet in the futures market and the goal is to buy low sell high
3) There's something like 1/4th the amount of above ground silver now as during the 1980's metals bull run while there's twice as much above ground gold since then. Hard to quantify the exact supply numbers, but they favor a massive silver spike moreso than gold in any type of 'free market'.
4) To prevent silver from being depleted and disappearing like it's current trajectory, the price will eventually have to go to several hundred dollars an ounce to warrant recycling in things like electronics
5) In any type of monetary metals revaluation, the west has a huge shortfall in gold with probably somewhere between 0 to 2000 tons only, so would likely attempt to buffer the gold shortfall with silver valued at a high ratio like 10-20:1 instead.
6) All other things being equal, silver has better fundamentals than gold due to having more use cases. Commodity money works under the context that if you hoard the entire supply, people somewhere actually need the commodity resource for something and you can ask whatever the market can bear. Conversely, since Bitcoin is not a real commodity or resource, if you hoard all 21 million the entire planet can just laugh at you and you have no power over anyone or anything.
Whaddayaknow. r0ach does a quotable.
r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):
https://apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Rhodium%20%20%20%20%20%20%20%20%20%20%20%20%20&Market=EIB
Rhodium is a platinum group metal, very rare, used in automotive catalysts, searchlights and as the watchface numerals in some Rolex watches.
You know, in case you care. :p
Unlike r0ach, I'd rather hold Au over Ag.
August 28, 2019, 01:04:48 PM
WOgame. Right now. Where am I?
If you don't get it post haste, I'll add pixels.
Toxic2040 beat me to it, but it indeed looks like the forehead of Andreas M. Antonopoulos. Is it #BTC2019 in Denver?If you don't get it post haste, I'll add pixels.
Well done, wall. Y'all make me proud.
August 28, 2019, 01:01:25 PM
Literally BCH is also dying but it was longer compared to the other fake ones but surely they will die and the people who think bitcoin cash will become bitcoin also will die with it.
Danger with BCH is the way they branded their website. People thinks they are in a bitcoin site and they sometimes ends up buying BCH instead of Bitcoins. I see even on blockchain explorer for BCH but there should be no reason for them to be on it while searching a txid of bitcoin transaction.
August 28, 2019, 12:58:31 PM
Literally BCH is also dying but it was longer compared to the other fake ones but surely they will die and the people who think bitcoin cash will become bitcoin also will die with it.
Danger with BCH is the way they branded their website. People thinks they are in a bitcoin site and they sometimes ends up buying BCH instead of Bitcoins. 
August 28, 2019, 12:57:19 PM
Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next Week
https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week
Quote
Bakkt will open its warehouse to customers’ bitcoin on Sept. 6 in anticipation of its impending futures contract offerings, the company announced Wednesday.
In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23.
In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23.
https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week
The first regulated exchange for Bitcoin. If I understand correctly this tweet, the investor must buy bitcoins from another exchange and bring them to bakkt's custody. Then he makes the contract and at the end of the day/month, he will have more or less bitcoins, depending on his bet success. I am not sure how long he can keep the bitcoins in the custody. I've read somewhere about a limit of 12 months, but I can't find it now. So, let's say that a Wall Street company wants to invest in Bitcoin, but didn't decide it so far, because of the risks involved in buying and storing the coins. Now they can buy via OTC deal and send the coins to bakkt custody. In this way the coins will be safe with the insurance bakkt gives. This is a very important step which one day may persuade SEC to allow an ETF. Their main concern so far was the lack of a big regulated market, where the coins can be kept safe with an insurance for the investors.
It would be interesting to know what is the ratio of retail/institutions buys. Not so long ago it was 100/0. This year CB reported about $1 bil per month from insitutions which is 1/8 of their volume. I have a doubt about that statement by CB's chief, but still there must be some truth in it. Let's say that we have roughly a 90/10 ratio this year. With bakkt it can go to 80/20, and with an ETF to 50/50 very quickly. On the other hand, the total savings of the population of the Earth is estimated around $300 trln. So, with the mass adoption if only 1% is used to buy bitcoins, then the price will reach $166 666 per BTC (x 18 000 000=$3 trln). And if institutions buy with another $3 trln this gives $333 333 per BTC. And all this in the foreseable future of 5 years. For a longer period, the ratio will change to 10/90 and the price may really reach and surpass $1 mil.
Of course, most of us wouldn't wait that long. I will probably cash out most of my stash below 100K.
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