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

[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?

[jonoiv]

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.

would like to see the bitfinex long vs short.

bfxdata is down, anyone know where i can get the stats?

[turtletime]

Please come back Mr. Moon, my life depends on it.

[Elwar]

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?

Boring old story that is all too common.

Boy meets eastern european LBC customer at McDonalds. Eastern european cartel coordinates to steal 85 BTC from boy.

Boy warns people on LBC forum.

German stazi reads about such a large sum being transacted by boy.

German stazi show up at boy's house a week later at 5AM and take all of his shit.

Boy hires a lawyer.

Boy gets his shit back (a year later after having replaced all of his shit so now it's useless).



New story from localbitcoins.

My gf is now selling BTC on localbitcoins in Thailand.

Apparently some Nigerian scammer went after some old Thai lady. He had the lady deposit money into 10 different accounts on 17 different occassions. 3 of those occasions was to my gf's account when the Nigerian used it to buy bitcoins.

Now the police froze her account while they investigate.

I'm just trying to figure out what scam would convince someone to deposit money into so many different accounts so many times.

[Elwar]

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?

Boring old story that is all too common.

Boy meets eastern european LBC customer at McDonalds. Eastern european cartel coordinates to steal 85 BTC from boy.

Boy warns people on LBC forum.

German stazi reads about such a large sum being transacted by boy.

German stazi show up at boy's house a week later at 5AM and take all of his shit.

Boy hires a lawyer.

Boy gets his shit back (a year later after having replaced all of his shit so now it's useless).

This is why we carry guns in America.

The team was professional, 4-5 people. While one distracted me, another came up from behind and not only did he pick pocket the money from my pocket, he replaced it with a counterfeit stack the same size.
So while my hand was off of the stack of bills for maybe 30 seconds, it was replaced very quickly. The McDonalds was across the street from a police station, I was confident that I had the money in my pocket as I walked across the street to the police station parking lot where I parked. Then changed up my route on my drive home.
It wasn't until I was safe at home that I pulled out the money and saw that it was all fake (I had verified the money was real before putting it in my pocket and releasing the coins).