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2541  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2020, 10:34:39 AM
Sad trombone.

(A dip for ants...)
2542  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 03, 2020, 11:25:38 PM
Fun.  Monero doin random Monero stuff like it likes.
2543  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2020, 09:21:14 PM
I just had a thought.

Say the big boys were buying OTC.  Banks, even central banks? Etc.

Wouldn't they be incentivized to sell a percentage of what they were buying on the retail market to keep retail prices as low as possible while they were doing deals in the dark?

I would be if I were them.

Since bitcoin has such a thin float they would not have to sell much to keep the rise at bay.  If I were not lazy I would do a little due diligence to see if the evidence supports or refutes this idea.
2544  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 10:31:22 PM

  How much do hodlers hold?  how much will they redistribute?  In 2013 Plans to bank/fund/invest $xx000000 seemed prudent.  Now, every day going forward reduces the $assets I want to hold:  A very modest fund for living expenses, and whatever hard assets (personal real estate, working farms, profitable businesses etc) I want while exchange rate is favorable.  The world we live in is changing faster than most can see or grasp.  Hodling more, longer, is going to be more popular as we go, IMO. 


I really only have one thought that gives me pause when I consider the idea that I just wait 'till I can simply live off my stack (morpheus.png).

Let's say corn goes to 300k, but I do not sell any because of the above.  It probably happens fairly quickly, and governments may be temporarily stunned.  But then they are looking for ways to get their piece of the pie and create laws that tax bitcoin more heavily, or claw some of it away.

In that scenario I would be disappointed that I had not sold at least a small nestegg's worth during the "governments are stunned" phase.

And if I DO do this, and governments do not try to do draconian measures, I would not be disappointed in hedging that bet a little.  So there is a good chance I do this, at whatever is my actual nestegg price.  Lol 300k.  Thing is I do not want to trade good money for bad.  But to trade good money for good land?  I could see that.

On the other hand the further we go the harder it will be for governments to do this.  Maybe?
2545  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 10:22:50 PM


Merited for the sadness. Sad  But as they say... this too shall pass.
2546  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 09:53:05 PM


Because drawing triangles on 15m candles makes so much sense.  Also the volume is very sad...
2547  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 09:29:40 PM
It was just about this point in the last cycle that we were hoping to breech 1k again.  Just 4 years ago.  Actually less.

Later in the last cycle 1k CANDLES we a thing.

In this cycle we are looking to breech 20k this time.

Can you imagine 20k candles?
2548  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 07:28:39 PM
Think about what you really want and what makes you truly happy .

To not die; to not age; to experience continuous growth (not in the pituitary gland/gigantism way...)


Quote
Don't do things to make others happy

Each to their own, but that sounds FU.

I think what he meant was to not be a "people pleaser".  Someone who uses the motivation of fulfilling the assumed expectations of others as a prime motivating force.  I think this is very different than being selfless, generous or sacrificial for others.  It is more about getting approval from others by means of performance.

I personally know a lot about this flaw. Wink
2549  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 03:51:09 PM
Don't forget what Hal Finney predicted more than ten years ago, or rather his napkin math calculation. (TLDR = $10m USD / BTC) Still, that's going to take a few more years (perhaps another decade.)

I came to $3M / BTC after a quick calculation (roughly $60 Trillion divided by 21 million) while pondering the idea of GBTC buying more BTC daily than mined daily. On the latter: if that's the case and we are truly in a new phase where there is relentless and relatively price agnostic buying on a continued basis above daily coin production, the question is simply:

=> at what point are HOLDlers willing to start parting with their coins?

I don't know how I could gauge that or make an educated guess on where that level would be. My gut reaction would be that $50k would make a few large holdlers nervous and that $100k can be expected to be a big 'cash out' (=redistribute) moment.

If anyone has a better scientific approach to this, let that person step forward.

It is the ultimate marshmallow challenge.  Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.

For me personally the formula revolves around comfortable retirement and a little diversification into property.  I just don't want to spend much money on stupid shit, or even living large.  And I am acutely aware that the longer I wait the more I will be left with in the end.

That is where the real crux is, in my opinion.  Where that point is for each whale/minnow.
2550  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2020, 01:54:22 PM
I think I can, I think I can, I think I can.

Boompph.  Ouch...

I think I can, I think I can, I think I can.

Boompph.  Ouch...

I think I can, I think I can, I think I can.

Boompph.  Ouch...


One of these times it's gonna make it over. Smiley
2551  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 11:04:29 PM
Where’s Bossian?
That guy owes me 0.05BTC when we cross the ATH.

Let us know when its time to tag him.


Is it wrong that I feel bad for Mindrust today?

Meh.  I have felt sorry for him ever since that spring came loose.

Bitcoin takes no prisoners.
2552  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 09:55:19 PM


So... wouldn't you agree the buys outnumber sells by quite a bit?

Wheeeee.
2553  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 05:19:12 PM
Good morning Bitcoinland.

The rally continues... currently $19330USD/$25050CAD (Bitcoinaverage).

Even had an ATH for the first time in 3 years. Still feels too early for full-fledged celebration though.

The battle for $20k could take some time. Go Bitcoin go.
__

OK then... one little meme:



Agree with all this. 

Doesn't feel real yet, but I think that's just mild denial.  Sure is fun. Smiley
2554  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 04:29:58 PM

He's more right than usual actually.  The only part he got wrong was the gold part. Wink
2555  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 03:01:44 PM
I was told I could get directions to the happening bunker in this thread, is that correct?

2556  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 02:52:14 PM
LOL @ Bitstamp USD ATH broken by $1. Smiley 

By $1?

Check again!

I wish I had got a screenshot.  It was cute!  19667 it said. Smiley  19712 it says now.
2557  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2020, 02:49:50 PM
LOL @ Bitstamp USD ATH broken by $1. Smiley  

(Umm well.. it was... for a moment.  but now insert joker-here-we-go.gif)
2558  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2020, 03:27:26 AM
This Bart in my campfire means we're going back up soon.

2559  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 26, 2020, 03:06:04 AM
USA Bitcoin fud hits.  And Monero holds up fairly well.
2560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 25, 2020, 08:05:39 PM
WO page parity is so 2017, we demand WO post parity!

Hate to be a jerk.  But i want 10x parity.
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