Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[xhomerx10]

Dumping the whole space into years long despair oblivion could work for a while.

Bro, you seem to be getting more and more morose every day.

I realize you've had health issues lately but for your own good, I think you should try to foster more positivity.

I stumbled on this PDF I downloaded months ago and started reading it. I think it might have been from a link here in the WO.

Dude thinks a lot like me. Give it a try.

http://www.lequydonhanoi.edu.vn/upload_images/S%C3%A1ch%20ngo%E1%BA%A1i%20ng%E1%BB%AF/Rich%20Dad%20Poor%20Dad.pdf

 My sister bought me a book by Mark Manson recently.



 I think it would be a good supplemental read when you finish with Jimbo's suggestion.

[Rosewater Foundation]

Rich dad sat quietly, letting his words sink in.

Oh brother

[jonoiv]

Just like your guess on the list for highest price This year ..... around 7.5K or something
   

LOL

yer sorry, i got that one wrong.  but still made decent profit 20k peak.

You are hardly convincing.

How could you be in a position to be making "decent profits" at any point in time if you are continuously  spewing bear scenarios?

If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin.  Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.

As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.

It was meant to say "decent profit since 20k peak".

There is an element of truth to what you say.  I didn't hold any bitcoin from after i got wiped out to now, just alts (traded some btc from late 2017).  made about 2000% by this time last year.  sold all my alts well before the peak.   if i'd held bicoin and sold at the exact peak that would be about 1500% profit.   made almost 400% trading since Dec 2017.  So since, i guess approx mid 2014 (i can't remember the date), thats about 8000% in 4 years.  That's a conserative estimate.

But i did't have much to start with, so still very small fry, but im happy and very greatful.

I suppose that it takes all types, and even those betting against bitcoin can make profits, even though it would be a lot more difficult to do so, especially when the price had gone up nearly 80x between late 2015 and late 2017...

But, yeah there were a lot of bear periods in there too... and like you mentioned additional bear periods in 2014.

i wasn't really betting against bitcoin, just had nothing left, so had to take bigger risks with relitivly unknown alts.  It could have gone the other way, but the crypto gods were favorable.   I have only shorted bitcoin a handful of times, and even then low amounts.

I have nothing against bitcoin, my only problem is bitcoin evangelists, that only see bitcoin is going in one direction, and try to make out your point is not even worth contesting.  I would reconmend anyone to buy bitcoin, but proceed with caution and buy at the right time.  Now could be the right time, or it could be later.  

But as for "continuously spewing bear scenarios?" , I haven't, there are a few short term bullish posts too.  But if you want to challange that fine, just bear in mind as per my post on 20th Jan 2018, I sold my trade at 12800, and it never got close to that price again.   So until the price is above that, i was right to be mainly bearish for that time.

Im short term bullish atm, which may become long term or may not.

[xhomerx10]

I would worry less about your private keys and more about your private parts.  You need a chastity belt rather than a tank if you plan to get drunk.

Ok Ok. I kid.

In all seriousness, I imagine the party - done properly - would be a black-tie affair.

I can promise Rick and I would attend, observing all proper rules of civilized, high-class, hetero decorum.

 I have a pretty good sense of humo(u)r and I know you were kidding but this back tie thing... as far as I knew in my youth, suits were for weddings, funerals and job interviews.  I turned down a career in IT with Deutsche Bank due to the suit-wearing requirement.   It's really hard to have a nap on the bathroom floor in a suit - that's all I'm saying.

[Last of the V8s]

What was wrong with you? Too much salt? Or bile?

[Rosewater Foundation]

At an early age, we found out how hard it was to find good staff.

Become an entrepreneurial, gig economy hustler until you can start your own company selling overpriced widgets and gewgaws.  Is this the lesson? Why are people impressed with this book

I'd rather reread 1984. Ibian says it's vital.

[xhomerx10]

What was wrong with you? Too much salt? Or bile?

 I only know that if too much bile salts get to your lower intestine, you're gonna ruin a nice suit the hard way.

[jbreher]

I would worry less about your private keys and more about your private parts.  You need a chastity belt rather than a tank if you plan to get drunk.

Ok Ok. I kid.

Haha. Yeah, I thought so.

(though there seems to yet be some unsettled liquor and bj debt...) (haha again)

In all seriousness, I imagine the party - done properly - would be a black-tie affair.

I can promise Rick and I would attend, observing all proper rules of civilized, high-class, hetero decorum.

Color me puzzled. Izzat any different than all proper rules of civilized, high-class, gay decorum?

[RejectedBanana]

Update on the latest ETF attempt:

Comments on Cboe BZX Rulemaking
Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust
https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

Over 1150 comments posted so far and they're only caught up to Aug 1.
Compare this to less than 70 submitted for the Winklevii ETF.
Only 3 comments were submitted for the Direxion Bitcoin ETFs.

Couple interesting comments:
PRO: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4131562-171827.htm
CON: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-172023.htm

The SEC has also posted slides from a recent Cboe/SolidX/SEC meeting. Worth a read, arguing their case in light of prior ETF rejections.

Aug 1, 2018 Memorandum from the Division of Trading and Markets regarding a July 31, 2018, meeting with representatives of Van Eck Securities Corporation, SolidX Management LLC, and Cboe BZX Exchange, Inc.
https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4152607-172036.pdf

PRESENTATION OUTLINE

1. Reasons delineated in March 2017 disapproval
2. Significant changes in product, market structure and overall circumstances since March 2017 disapproval
3. Bitcoin in the context of Section 6(b)(5) of the SEA
4. Notes on January 18, 2018 Staff Letter: Engaging on Fund Innovation and Cryptocurrency-related Holdings

[Rosewater Foundation]

This war between the haves and have-nots has been going on for hundreds of years.

*Rosewater gouges eyes out now

[gentlemand]

Color me puzzled. Izzat any different than all proper rules of civilized, high-class, gay decorum?

Yes. A gay buddy of mine went to something that was supposed to be some type of high class thing. It finished up with a nude disco which is an idea I find beyond unspeakable regardless of one's sexual preference.

Anyway I'd only go to a Wall Observer meet with an IDF escort in full Orthodox Jewish garb. And Matisyahu would be the only thing the DJ was allowed to play. Plus I'd bring lots of 'coloured' people and snog them.

[JimboToronto]

My sister bought me a book by Mark Manson recently.



 I think it would be a good supplemental read when you finish with Jimbo's suggestion.

You mean this one?

http://v1x0r.com/downloads/Books/SelfHelp/The%20Subtle%20Art%20of%20Not%20Giving%20a%20Fck.pdf

Thanx. I just grabbed the PDF. Will read.

[Rosewater Foundation]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

[Last of the V8s]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.

[Rosewater Foundation]

[JimboToronto]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Geeze. Sorry about that. I didn't mean to bum you out.

I'll admit the writing style is a little "cringe-y and homespun" but it left me feeling happy after reading it.

Maybe xhomerx10's suggestion will work better.

[Rosewater Foundation]

Next time you want to cheer me up, how about a cat meme?

[HI-TEC99]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Geeze. Sorry about that. I didn't mean to bum you out.

I'll admit the writing style is a little "cringe-y and homespun" but it left me feeling happy after reading it.

Maybe xhomerx10's suggestion will work better.

Maybe not, the Huffington Post review warns it contains no "soft puffy cloud prancing unicorns offering hugs on colorful rainbows".


https://www.huffingtonpost.com/tree-franklyn/the-subtle-art-of-not-giv_b_12012008.html?guccounter=1

There are no soft puffy cloud prancing unicorns offering hugs on colorful rainbows, only F-bomb explosions and brutal smack-you-in-the-face reality slaps.

What good's that to bitcoiners? We want unicorns.

[JayJuanGee]

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

If I don't have 5 or 10 bitcoin? And now price very bad. I am sad.

Our strategy should not be so anxious as to expect $20k too soon, and there is some value to having bitcoin price lower in order to be able to continue to accumulate a decent position, such as 5 to 10 btc.  Just a couple years ago, you could have gotten 10 BTC for around $2,500, and now it is going to cost you nearly $70k.... So, yeah, once bitcoin goes above $20k, and perhaps significantly stays above $20k, then $200k entrance point for the double digit BTC stash...   So, easier to attempt to enter bitcoin now, and continue to accumulate - even if the price goes down more from here for a short period of time - hopefully not another 3 years of down from here, but you never know in bitcoinlandia.

[JayJuanGee]

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

Naw dude, just sign the invitation from a funded-enough address, to have the address/location/country/planet/galaxy revealed.

No need for bankers or people to HODL admission funds :-)

We have the technology.

just don't bring a phone with funds to this future meetup, witness recent SIM-jacking of crypto conferences attendees (lost $5 mil).

Do you have a link?