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

[InvoKing]

Taking out $1300 over the weekend?

Probably this will happens over the weekend but here is the answer of Friday :

[1713943538]

1713943538

[1713943538]

1713943538

[Meuh6879]

Gold parity = Check complete.

[Meuh6879]

Next target : Diamond parity.

[ImI]

I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again.

I considered recommending it in the $200s, but thought better of it. Most people will hold a hidden resentment against you if it drops, and their loss will become your burden.

... and it can be even weirder than that. Many people will also resent you if you recommend a winner and they don't buy and it goes up ... basically any time you put yourself in the situation of "i'm right, you're wrong" or "i'm wrong, you're right" and there's financial advantage involved, they will resent you ... it's lose-lose.

Strangely, if you charge them exorbitant fees and call yourself a "financial adviser" all that burden goes away and you can gamble with their funds like a drunken sailor.

Yeah, Friends&Family and financial advice is a VERY difficult subject.

[york780]

Indeed. You know that they can benefit from the holy mighty bitcoin. But they are to proud and stubborn to admit that bitcoin is great and that they were wrong.

[Punisher1314]

I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again.

I considered recommending it in the $200s, but thought better of it. Most people will hold a hidden resentment against you if it drops, and their loss will become your burden.

... and it can be even weirder than that. Many people will also resent you if you recommend a winner and they don't buy and it goes up ... basically any time you put yourself in the situation of "i'm right, you're wrong" or "i'm wrong, you're right" and there's financial advantage involved, they will resent you ... it's lose-lose.

Strangely, if you charge them exorbitant fees and call yourself a "financial adviser" all that burden goes away and you can gamble with their funds like a drunken sailor.

Yeah, Friends&Family and financial advice is a VERY difficult subject.

True fact. Just today my father said me that i should sell a portion, and thinking in it better i passed to explain him my expectatives lol.

[Torque]

it mean HODL for 10 years and then dump everything you got  

Nope, fiat purchasing power will continue to erode against bitcoin ad infinitum.

[ImI]

I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again.

I considered recommending it in the $200s, but thought better of it. Most people will hold a hidden resentment against you if it drops, and their loss will become your burden.

... and it can be even weirder than that. Many people will also resent you if you recommend a winner and they don't buy and it goes up ... basically any time you put yourself in the situation of "i'm right, you're wrong" or "i'm wrong, you're right" and there's financial advantage involved, they will resent you ... it's lose-lose.

Strangely, if you charge them exorbitant fees and call yourself a "financial adviser" all that burden goes away and you can gamble with their funds like a drunken sailor.

Yeah, Friends&Family and financial advice is a VERY difficult subject.

True fact. Just today my father said me that i should sell a portion, and thinking in it better i passed to explain him my expectatives lol.

Yeah, and they never listen. I have some friend and gave him early last year the advice to buy some ETH with around 20% of his overall crypto investment. He did. The next day i wake up and look at my whatsapp. 5 messages from him. "Hey dude you know Ripple!? Its da shit! And do you know Lisk!? Its da shit!"

Turns out he went to Polo, listened to the silly trollbox and invested all of that remaining 80% in Ripple, Lisk and some other shit.  

Seriously if they don't respect your advice...

[BTCtrader71]

Indeed. You know that they can benefit from the holy mighty bitcoin. But they are to proud and stubborn to admit that bitcoin is great and that they were wrong.

True. And we should also keep in mind that it can be a bit presumptuous of us to expect someone to invest into what would appear to them to be a get-rich-quick scheme (or get rich slow ... whatever), something that they have absolutely NO comprehension of, based purely on ONE person's belief that it's the next big thing. Try to imagine how it would feel if the tables were reversed.

[BTCtrader71]

wait, wait ... something feels wrong ... something's not quite right ... OMG, I just realized: I haven't checked the bitcoin price in nearly FIFTEEN MINUTES!!! How could I have let that happen!!!?!?!?!

[marcus_of_augustus]

time for a bigger boat?

[ImI]

time for a bigger boat?

i am more of an car guy 

[gentlemand]

i am more of an car guy 

Right on.

[marcus_of_augustus]

... or maybe a new set of wheels?, had my eye on this beauty, recommended by the "financial planner"

[ImI]

i am more of an car guy 

Right on.

love it!

[gentlemand]

Now available for less than one BTC if you don't mind some light restoration either. That's the parity I was waiting for.

[gembitz]

\_B)_/

$1337

[AZwarel]

I did help a friend buy some in 2014 at $600, who sold at just over $200 because he couldn't stomach the drop. Never again.

I considered recommending it in the $200s, but thought better of it. Most people will hold a hidden resentment against you if it drops, and their loss will become your burden.

... and it can be even weirder than that. Many people will also resent you if you recommend a winner and they don't buy and it goes up ... basically any time you put yourself in the situation of "i'm right, you're wrong" or "i'm wrong, you're right" and there's financial advantage involved, they will resent you ... it's lose-lose.

Strangely, if you charge them exorbitant fees and call yourself a "financial adviser" all that burden goes away and you can gamble with their funds like a drunken sailor.

Yeah, Friends&Family and financial advice is a VERY difficult subject.

I actually had that experience. I was telling F&F to think about bitcoin when it was around the $250 range, they all laughed at me. Than i had a friend's friend, who paid me handsomely for "financial advice" - well, advice on how to buy and secure bitcoin -, and he actually thanked me around this Christmas
Free advice= shit; paid (same) advice= respectable guidance....

[r0ach]

To what extent does your analysis rest on the assertion that bitcoin can

... arbitrarily be changed by some guy on a random whim when he wakes up in the morning...

Because that is really not a fair summary of the situation. Which I am sure you know without me telling you. But I wonder whether your analysis is fully settled (in your own mind) ...

Even if you don't assume it centralizes through economy of scale, or that mining cartels or other special interest groups take over, another event occurred just recently that many people did not pick up on with legislation in Japan (that will obviously happen everywhere else too).  Govt is a monopoly on force, and cryptocurrency does not supercede political interests or the only consensus system in the real world (force).  Whoever controls the courts controls what bitcoin turns into.  Here is the Japanese legislation:

"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"

This means govt is the legal arbitrator of forks.  The US, UK, and EU will hold a meeting and all collude saying only the fork with chain anchor or worse is the real bitcoin!  Since they can easily control the exchanges and mining pools, people will be forced to use that fork or have their coins become worthless.  The only reason bitcoin isn't illegal is because they know how easy it is to co-opt and morph it into their cashless society control grid.

[forzendiablo]

this gold parity is amazing but during war.. i would prefer to have gold than BTC ))