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

[fabiorem]

https://fitvitalik.io/

My sides. 

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[JayJuanGee]

If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.

im a superbull - but thats even too much for me:

That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now.

Yeah, the human brain is not very good at understanding big numbers. $100-$10,000 seems doable but $10,000 to $1,000,000 seems impossible. That's why they created the stock split to keep people buying with astronomical stock prices.

Yeah, but even today, in bitcoin's current form, you can already divide into Satoshi's or some other agreeable sub-unit, and achieve a "reasonable" numbers game, no?

[Rosewater Foundation]

Bglod is finally seeing some action.

[TERA2]

I keep looking at old chrome tabs with the price from weeks or months ago and panicking

[Icygreen]

Last night I was at dinner with some friends in a cheap "hole in the wall" restaurant in Phan Rang, Vietnam with a population of around 170K. Mostly retailers, fishermen, prawn farmers, and laborers. One of us noticed on the way back from the bathroom that the local shop owner was busy buying crypto on a laptop at the back of the restaurant.  WTF!  I went to inspect and she showed me her full portfolio which included BTC, eth, ltc, btg, and some other shitcoins I didn't recognize.  She had been buying with her life savings for the past several weeks to the tune of about 3% so far. I was surprised how open she was with all her figures and financial details and how blindly the trades were being executed. I could tell she'd done almost no research on any of it which kinda made me a little sick. She wanted advice after discovering I'd been in the space awhile already.
In simple english I told her that I believed only 1 coin matters today and the rest only follow.
The frenzy is real and I'm starting to think that frenzy is all the majority know.  It was both an exciting and disturbing moment to see it happening in such a removed area of the world.

[jojo69]

I keep looking at old chrome tabs with the price from weeks or months ago and panicking

perhaps this is your problem

go down for a full reboot and please report back

[Ibian]

Know what massive wealth doesn't protect you from? Toothache.

Memento mori.

[Rosewater Foundation]

Last night I was at dinner with some friends in a cheap "hole in the wall" restaurant in Phan Rang, Vietnam with a population of around 170K. Mostly retailers, fishermen, prawn farmers, and laborers. One of us noticed on the way back from the bathroom that the local shop owner was busy buying crypto on a laptop at the back of the restaurant.  WTF!  I went to inspect and she showed me her full portfolio which included BTC, eth, ltc, btg, and some other shitcoins I didn't recognize.  She had been buying with her life savings for the past several weeks to the tune of about 3% so far. I was surprised how open she was with all her figures and financial details and how blindly the trades were being executed. I could tell she'd done almost no research on any of it which kinda made me a little sick. She wanted advice after discovering I'd been in the space awhile already.
In simple english I told her that I believed only 1 coin matters today and the rest only follow.
The frenzy is real and I'm starting to think that frenzy is all the majority know.  It was both an exciting and disturbing moment to see it happening in such a removed area of the world.

That is indeed a disturbing anecdote.

[Arriemoller]

Know what massive wealth doesn't protect you from? Toothache.

Memento mori.

Actually, it does if you spend some of it on a dentist.

[Torque]

Last night I was at dinner with some friends in a cheap "hole in the wall" restaurant in Phan Rang, Vietnam with a population of around 170K. Mostly retailers, fishermen, prawn farmers, and laborers. One of us noticed on the way back from the bathroom that the local shop owner was busy buying crypto on a laptop at the back of the restaurant.  WTF!  I went to inspect and she showed me her full portfolio which included BTC, eth, ltc, btg, and some other shitcoins I didn't recognize.  She had been buying with her life savings for the past several weeks to the tune of about 3% so far. I was surprised how open she was with all her figures and financial details and how blindly the trades were being executed. I could tell she'd done almost no research on any of it which kinda made me a little sick. She wanted advice after discovering I'd been in the space awhile already.
In simple english I told her that I believed only 1 coin matters today and the rest only follow.
The frenzy is real and I'm starting to think that frenzy is all the majority know.  It was both an exciting and disturbing moment to see it happening in such a removed area of the world.

Thanks for sharing. That's crazy.

But interestingly, it sort of mirrors the China stock market bubble their people had not too many years ago. Average retail investors with hardly any money were just buying every Chinese tech stock they could find on the market, just because they were all going up. It was a frenzy. They were indiscriminate and had done zero research on each company. Sadly, most of those people got wiped out.

[jojo69]

Know what massive wealth doesn't protect you from? Toothache.

Memento mori.

Actually, it does if you spend some of it on a dentist.

Got into the eye doc today.  Been putting it off for years.  Paid cash.  Feels good man!

Ibian, be responsible, deal with your body man, it's worth it.  You are worth it.

[Ibian]

Know what massive wealth doesn't protect you from? Toothache.

Memento mori.

Actually, it does if you spend some of it on a dentist.

Got into the eye doc today.  Been putting it off for years.  Paid cash.  Feels good man!

The ability to just... pay for almost literally anything like it was nothing is liberating. Getting a new apartment now that I'm independently wealthy (at 35! how crazy is that!). Up front payment is $5k. Don't care, it's no big deal.

I'm having a hard fucking time adjusting.

[jojo69]

I'm having a hard fucking time adjusting.

I get it, me too, but your health is THE single most precious thing you have man.

[Elwar]

Got a call this morning from the CEO of the company I retired from. He's an old friend so I told him to give me a call if he had any questions about Bitcoin.

Over and over he kept asking me what the next Bitcoin would be. I would steer him back to buying bitcoin even just for the simple fact of using it as a door into the crypto world which he then asked again, so once I'm in the space...are there any coins you've been looking at...

I pretty much told him that it was like trying to find the next Facebook. To look at the amount of development brainpower going into Bitcoin as opposed to any new coin with a dozen or so people. I told him that I have invested in some alt coins but I only invest in coins that I believe in for one reason or another, that I want to see them do well. Like with most people I just told him to go to Coinbase and buy a couple hundred dollars worth to learn the process and how to store your bitcoins, avoid Ethereum and Bitcoin cash because they're going to crash soon, and go from there.

[JayJuanGee]

Got a call this morning from the CEO of the company I retired from. He's an old friend so I told him to give me a call if he had any questions about Bitcoin.

Over and over he kept asking me what the next Bitcoin would be. I would steer him back to buying bitcoin even just for the simple fact of using it as a door into the crypto world which he then asked again, so once I'm in the space...are there any coins you've been looking at...

I pretty much told him that it was like trying to find the next Facebook. To look at the amount of development brainpower going into Bitcoin as opposed to any new coin with a dozen or so people. I told him that I have invested in some alt coins but I only invest in coins that I believe in for one reason or another, that I want to see them do well. Like with most people I just told him to go to Coinbase and buy a couple hundred dollars worth to learn the process and how to store your bitcoins, avoid Ethereum and Bitcoin cash because they're going to crash soon, and go from there.

Same here... All kinds of people coming out of the woodwork for "advices"....   Generally smart people, too....

I don't mind, but it can be a bit overwhelming and people have a lot of crazy thoughts and thoughts based on lack of understanding about some other coin being "more bang for the buck" than bitcoin... based on unit cost, and other past performance related considerations, including ingrained thinking that these various other cryptos are kind of equivalent to bitcoin and they are worthy to pump or appreciate more than bitcoin.. blah blah blah.. nonsense.

[jojo69]

same here, GF's dad, good guy, got taken to the cleaners in the .com bubble and is hot to recoup

told him the same thing, wait for a good dip on BTC, same reaction, "but what's the next big thing?"  

He is a really sweet dude, has enough imagination to enjoy our good fortune vicariously, called the other day to congratulate us on a certain milestone 

[realr0ach]

Goyim of the world unite!

All politicians are generally garbage, but it will soon be time to watch the yids flip their lids if they fail to derail the Roy Moore campaign.

[sirazimuth]

I seriously thought that 15% dip after 1000% gain this year was the end of cryptography.

I burned all of my private keys, opened up my server to telnet instead of ssh, stopped using a website if it was https instead of http and moved to a wooden house in middle of nowhere.

Got a call this morning from the CEO of the company I retired from. He's an old friend so I told him to give me a call if he had any questions about Bitcoin.

Well glad to know that wooden house in middle of nowhere has a phone anyway.... 

[Ibian]

Got a call this morning from the CEO of the company I retired from. He's an old friend so I told him to give me a call if he had any questions about Bitcoin.

Over and over he kept asking me what the next Bitcoin would be. I would steer him back to buying bitcoin even just for the simple fact of using it as a door into the crypto world which he then asked again, so once I'm in the space...are there any coins you've been looking at...

I pretty much told him that it was like trying to find the next Facebook. To look at the amount of development brainpower going into Bitcoin as opposed to any new coin with a dozen or so people. I told him that I have invested in some alt coins but I only invest in coins that I believe in for one reason or another, that I want to see them do well. Like with most people I just told him to go to Coinbase and buy a couple hundred dollars worth to learn the process and how to store your bitcoins, avoid Ethereum and Bitcoin cash because they're going to crash soon, and go from there.

Decentralization and creator anonymity is basically what makes bitcoin valuable. But trying to get peoples minds around that...

People have to value freedom in order to understand why the above is valuable. And a lot of people simply don't.

[realr0ach]

Decentralization and creator anonymity is basically what makes bitcoin valuable. But trying to get peoples minds around that...

It looks like you failed the "get your mind around it" test since you can't figure out mining is designed to centralize.  The word "proof of", whether it's work or stake, or proof of anything else just means proof of monopoly, but craptocurrency pump and dump shills are unable to stop lying about it.