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

[Wekkel]

Here's a wild firstworldproblem.  I'm torn.  On one hand, I have ALWAYS wanted a Ferrari.  Here I am able to buy one, something I never thought would happen.  I could sell now, get my ferrari and be happy.  On the other hand, I could hodl, it could either go up or down.  If it goes down, I feel satisfied with my choice.  If it goes up, I will feel some regret but fuck it, I have a god damn ferrari.  I have a house and no debt, perhaps I'm just being greedy at this point and should get the one thing I've wanted and be happy with it.  Fucking wild decision I never thought I'd even have to make.  

Just do it, knowing you’re making the worst investment in your life  
You only live once  

[1713555323]

1713555323

[criptix]

WHERE THE HECK IS THIS GUY WHEN YOU NEED HIM?? ??

[ErisDiscordia]

Evening all.

Good to see you here my discordian brother!

I am sure you'll be most welcome by more than a few here.  Big Blockers get a hard time, yep - it's pretty much heavily pro-Core of course, but it's still fun and all and sundry drop in and pretty much all points of view exist, as they probably should - although the ignore button is still an occasionally welcome option

I have no problem with any of that. Small blocks, big blocks, it's a conversation to be had and I'll go toe-to-toe with anyone about my opinions. I just don't like what happened to that conversation and feel that visiting this site, unfortunately, supports the perpetrator(s).

I freely admit that I started out being more sympathetic to the big block cause. The heavy-handed censorship on r/bitcoin (and to some extent here) was off-putting. And freaking AXA & co. investing in blockstream made very suspicious for sure. Plus the 1MB block limit reeked of arbitrary central planning.

I did however keep an open mind in this debate. Found it quite difficult to do in such a toxic environment. Over time I drifted towards the core side of things. I still have my reservations but mostly I accept the fact that hundreds of people with a deeper understanding of Bitcoin than me favor it.

At this point I feel like it is the big blocker side who is the more toxic one. I still frequent r/btc but I am considering unsubscribing, because all the raging, whining and name calling is simply exhausting and adds nothing to the debate.

Anyway my point is this: please don't leave just because you feel like supporting "the wrong side" here. There are people and ideas worth supporting on all sides.

[flynn]

hhhmmmmm?

Wall Street may be backpedaling on impending launch of bitcoin futures

https://newsline.com/wall-street-may-be-backpedaling-on-impending-launch-of-bitcoin-futures/

[criptix]

pump and dump - our asian overlords are at it again...

[ErisDiscordia]

Perhaps this current dump could go a bit deeper and cool us off for a while longer so we don't go all parabolic? Pretty please?

[Anphonsus]

It is raging out there right now. Up and down and up and down. Could 16000$ be the balance point?

[svdleer]

Perhaps this current dump could go a bit deeper and cool us off for a while longer so we don't go all parabolic? Pretty please?

It has been Almost 2k dollar allready compared to ATH
No they should stop the pump/dump for shitcoin cash

[jbreher]

Beecoin Crash at 0.072.  Might be a good trade

My standing orders have been getting hit.

[Rosewater Foundation]

my conscience is clear.

[orpington]

And now back to our regularly scheduled program... - the fucking MOON!

[TERA2]

I BTFD at 14420, but where do I sell? Thats always the hard part

[realr0ach]

So these so called "uncorrelated assets" that are supposed to both move in the same direction

idonotthinkthatwordmeanswhatyouthinkitmeans.png

That was a dumb comment.  During brexit, lots of sheklers crawled out of their rat holes claiming bitcoin was now joining the ranks of "uncorrelated assets" with metals.  Meaning if things like stocks dump, you can use the other as a hedge.  There's mostly no such thing as uncorrelated assets because money is a zero sum game with money sloshing around from one asset to another, so the real term should probably be more like inverse assets when uncorrelated assets don't really exist .  Anyway, the point is that if people claim to recognize both as similar off-risk assets (bitcoin off-risk, yea right), then there is no reason the two should be moving in exact opposite directions without mass fraud at play.

[Richy_T]

Anyway my point is this: please don't leave just because you feel like supporting "the wrong side" here. There are people and ideas worth supporting on all sides.

As I say, it was never about that. This place even hasn't been quite so bad as what has happened and continues to happen on Reddit but things have been done that have greatly damaged the community and more.

I would not put your opinion down either. You have been around long enough that you surely have a good feel for what works and what doesn't. Just because someone has a speciality in cryptography or coding doesn't mean they're right about everything (in fact, often the opposite). If that still puts you in the small block camp, fair enough but don't be afraid to think for yourself.

[Richy_T]

There's mostly no such thing as uncorrelated assets because money is a zero sum game with money sloshing around from one asset to another,

I think it helps to think of things as simply a trade rather than putting money into something. If you buy $10k worth of gold, the money doesn't "go into" gold, it goes into the pocket of the guy who sold it to you (or more likely his bank increases some numbers in a database). Exactly what you'll get for it when you want to divest yourself of it is another question. So, as you imply, the problem is that there is simply too much money out there and it's just a question of which asset's (or assets') price will become a bubble and burst to destroy the excess.

[realr0ach]

To showcase how dumb of an idea it is to have every transaction publicly tracked, does anyone else think it's a great time to add JayJuanGee and Gavin to:

http://twitter.com/NeonaziWallets

[HairyMaclairy]

You have permission to buy a Ferrari when it is less than 10% of your stack. And not before.

[Richy_T]

Don't forget you have to afford the oil changes too

[explorer]

Don't forget you have to afford the oil changes too

Hmmm.  New Kia every 5000km, or service the Ferrari

[TERA2]

The guy with the 300 wall on stamp is an idiot. He just keeps inching it up encouraging everyone else get all the coins and he gets none. I could have bought a significant amount of those coins at 15700 rather than 16300.