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

[Gyrsur]

Gentlemen. It's been a pleasure.

see you again in 2021. same place. same time.  

[samson]

No  he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.

You think a publicly known early miner would admit to still retaining coins? I sure as shit would not.

Perhaps, but if he was prepared to part with 10k for two pizzas then he was probably prepared to part with the rest of his coins for an extremely low price.

You don't get it - nobody had EVER publicly traded Bitcoin for anything with a fixed fiat value before this.

Because of that Bitcoin had a literal value of $0.00000000 right up until the point where someone bought a couple of pizzas.

I remember reading an article about the guy who bought the pizzas for 10k BTC and he said not to worry, he had a many coins left - this was when it was worth plenty of dollars if I remember correctly, which I might. He had millions of dollars in crypto when I read that and I won't be surprised if he still has most of it.

[Hueristic]

You don't get it - nobody had EVER publicly traded Bitcoin for anything with a fixed fiat value before this.

Because of that Bitcoin had a literal value of $0.00000000 right up until the point where someone bought a couple of pizzas.

I remember reading an article about the guy who bought the pizzas for 10k BTC and he said not to worry, he had a many coins left - this was when it was worth plenty of dollars if I remember correctly, which I might. He had millions of dollars in crypto when I read that and I won't be surprised if he still has most of it.

Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.

[jonoiv]

[windjc]

That chart looks like its struggling to make HHs. So I'd say failed attempt incoming next several months.

[discobean]

Price will go negative!

[jonoiv]

That chart looks like its struggling to make HHs. So I'd say failed attempt incoming next several months.

Price will go negative!

You both win a cookie

[samson]

Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.

Until the first transaction it has no value. No market value anyway.

[Hueristic]

Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.

Until the first transaction it has no value. No market value anyway.

A debatable point, I postulate that if it no value then there would have never been a second block and if it ever dropped to zero value then there would never be another block.

Of course for that to happen something huge like QC that breaks the algo and manages to create enough free coins and dump the market to nothing while also hiding that fact so that a different algo could nt be forked in. It would take the planning of a computing super power nation state (or a combination of them). And I would argue that none would ever do so as it is easier and more effective to co-op the chain.

[bones261]

Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.

Until the first transaction it has no value. No market value anyway.

A debatable point, I postulate that if it no value then there would have never been a second block and if it ever dropped to zero value then there would never be another block.

Of course for that to happen something huge like QC that breaks the algo and manages to create enough free coins and dump the market to nothing while also hiding that fact so that a different algo could nt be forked in. It would take the planning of a computing super power nation state (or a combination of them). And I would argue that none would ever do so as it is easier and more effective to co-op the chain.

Exactly, if people were willing to expend electricity to mine BTC in the early days, then it did have value. Electricity is not free. Nor was the wear and tear on the CPU.

[Elwar]

Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".

Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.

Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.

I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.

I am not lucky. I am strong.

[infofront]

Wall Observer Public Service Announcement: HODL. Don't be a pussy.

[vapourminer]

I just wanted to let you all know, that I'm secure enough with myself to admit, that I have absolutely no idea what is going on with Bitcorn prices.

What a ride though. Crazy wild swings.

I can't imagine the financial carnage Bitcorn has caused people trying to play the markets.

isnt this what we signed up for? the wild ride?

i mean who wants to be bored.

[windjc]

Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".

Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.

Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.

I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.

I am not lucky. I am strong.

You are correct. Hodling is earned. Wealth is earned. People don't understand this. The mental fortitude it takes to have a risk tolerance great enough to hold an asset this volatile for several years is a rare talent. Much harder than people think.

[nanobtc]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

[El duderino_]

Common look @ CMC and  not good what i Just saw

Don't sell anything.  If there's only one thing you can count on it's that Jews will always be liars, murderers, and thieves, and Coinbase "mysteriously" being taken offline looks like an engineered Jewman Sachs shakeout before ETF approval/denial.  If the Jewish criminals who run the system approve an ETF, I want the goyim to be ready to dump $billions of dollars of worthless shitcoins on them and then use those profits to confiscate all of their real wealth - physical silver and gold.

My man ..... Just home and not knowing Where to find the power of checking WO and CMC @ the moment .... but Just Reading don’t sell anything is making my evening complete  ........ of all people in This threat i think i Will be one of the last selling ones offcourse not sure and there Will be Many strong hands in here but always please count me as one of them cause i bleed hodler

#core hodler   and maybe fine food/excellent wine enthousiast

[BTCMILLIONAIRE]

I just wanted to let you all know, that I'm secure enough with myself to admit, that I have absolutely no idea what is going on with Bitcorn prices.

What a ride though. Crazy wild swings.

I can't imagine the financial carnage Bitcorn has caused people trying to play the markets.

isnt this what we signed up for? the wild ride?

i mean who wants to be bored.

I was getting bored, now I'm getting excited. Is Bitcorn trying to be a recreational substance?

[Deeyoh]

First time I've seen shorts greater than longs.   https://datamish.com/d/000000004/btcusd?refresh=20s&org

Was close to parity at one point when it went to 5700 then we all know what happened then.  It shot up quick.

[bones261]

First time I've seen shorts greater than longs.   https://datamish.com/d/000000004/btcusd?refresh=20s&org

Was close to parity at one point when it went to 5700 then we all know what happened then.  It shot up quick.

It's fun to see bears getting REKt even in a bear market. 

[Rosewater Foundation]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?