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Question: Feb. 28 Closing Price:
<$1,000 - 9 (8.2%)
$2,600-$2,800 - 4 (3.6%)
$2,800-$3,000 - 6 (5.5%)
$3,000-$3,200 - 4 (3.6%)
$3,200-$3,400 - 6 (5.5%)
$3,400-$3,600 - 6 (5.5%)
$3,600-$3,800 - 14 (12.7%)
$3,800-$4,000 - 10 (9.1%)
$4,000-$4,200 - 19 (17.3%)
$4,200-$4,400 - 6 (5.5%)
$4,400-$4,600 - 7 (6.4%)
>$6,000 - 19 (17.3%)
Total Voters: 110

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21038460 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (9 posts by 5 users deleted.)
jbreher
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September 25, 2018, 07:41:53 PM

After all, one of the narratives is that BCH is not supposed to be used for a store of value;

Whose narrative is that? I don't recall that position ever being advocated by anyone of note.

Ability to be used as a medium of exchange (MoE) certainly does not preclude ability to be used as a store of value (SoV). Indeed, there is significant evidence that MoE is necessary for any commodity to become a SoV. And a reasonable theory that any commodity that loses its MoE will therefore lose its ability to be a SoV. Which bodes poorly for BTC, unless the LN grows quickly by several orders of magnitude.

I don't know shit about BCH but it is a simple inheritance thing isn't it? Bitcoins original vision was not to be a store of value but a currency. BCH shills have been screaming since day one they will stick to that vision. So yeah there is that. don't get yourself caught in any circular logic trap here.

Who has caught themselves in a circular logic trap?

To be a money, a thing needs to be SoV and MoA MoE. BCH aspires to be a money. MoA MoE does not imply NOT SoV.

A does not imply NOT B.

There's your logic.

edit: strikethroughs and underlines - hunting season, what can I say?
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September 25, 2018, 07:48:08 PM


One think about work is that it is so much less stressful when you know you can say "fuck off and die cocksucker" anytime you want and just walk away with a smile. Cheesy

Word that man.  I am fortunately childless by choice, and once you have housing and kibble figured out "fuck you money" becomes a very manageable figure.
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September 25, 2018, 07:48:44 PM


Either way it’s frustrating atm sitting on what most people would call a lot of money but myself, knowing I can’t spend it YET because it’s not enough to live on forever.

My nocoiner friends think I am absolutely daft not having sold for whatever, to them quite impressive, fiat sum I might have got near the top.

People lack imagination, generally, and work isn't so bad.  A bit of structure in ones life helps keep the really serious alcoholism in check.

 Yeah, nocoiners don't understand hodl in the slightest.  The ones telling me to sell at $1.1k in 2013 were giving me the same advice at $19k in 2018.  Even after I brought to their attention it was the same advice they gave me 1600% ago, they persisted - "just sell half of them!".

  I have to disagree w.r.t. "work isn't so bad" though... they've really cut back on the numbers of people and expect even more work from the remainder of us.  Also, taking time off was never an issue in the past but in the last 3 years it's very difficult.  We have extended blackout periods on vacation that creep into July and the talk is that next year it will be into early August - it's enough to drive one to really serious alcoholism.  I know... waaa!

One think about work is that it is so much less stressful when you know you can say "fuck off and die cocksucker" anytime you want and just walk away with a smile. Cheesy

Life is funny. I genuinely _liked_ my job. Can't say I miss it, though.
micgoossens
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September 25, 2018, 08:03:07 PM


Either way it’s frustrating atm sitting on what most people would call a lot of money but myself, knowing I can’t spend it YET because it’s not enough to live on forever.

My nocoiner friends think I am absolutely daft not having sold for whatever, to them quite impressive, fiat sum I might have got near the top.

People lack imagination, generally, and work isn't so bad.  A bit of structure in ones life helps keep the really serious alcoholism in check.

depends on the JOB i did see WORK leading into serious alcoholism .... but its probably more a problem of the weaker human that can't handle shit , and absolutly shouldn't be involved in crypto and hodling......   Roll Eyes   the real wageslaves ain't in order to be stronghand hodlers
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September 25, 2018, 08:10:51 PM


Where is bitcoin in your post?  Are you saying that bitcoin does not have privacy or plans for privacy?  Are we referring to a work in progress or a spectrum rather than all or nothing?  What is the point of your post, in this bitcoin thread?  Discuss.   Roll Eyes Tongue

Correct. There is no privacy in your little play-money (or these other 'coins'). Yes, Samourai and Wasabi wallets are messing around with Coinjoin. Yes, those devs think that will make it all fungible. No, it doesn't work, but it's nice to pretend, huh?
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September 25, 2018, 08:25:46 PM

 I have to disagree w.r.t. "work isn't so bad" though... they've really cut back on the numbers of people and expect even more work from the remainder of us.  Also, taking time off was never an issue in the past but in the last 3 years it's very difficult.  We have extended blackout periods on vacation that creep into July and the talk is that next year it will be into early August - it's enough to drive one to really serious alcoholism.  I know... waaa!

Jesus, are you an employee or a slave?
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September 25, 2018, 08:51:11 PM

via Imgflip Meme Generator

#buy and HODL BTC .....
Dunkelheit667
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September 25, 2018, 08:51:38 PM

 I have to disagree w.r.t. "work isn't so bad" though... they've really cut back on the numbers of people and expect even more work from the remainder of us.  Also, taking time off was never an issue in the past but in the last 3 years it's very difficult.  We have extended blackout periods on vacation that creep into July and the talk is that next year it will be into early August - it's enough to drive one to really serious alcoholism.  I know... waaa!

Jesus, are you an employee or a slave?
Is there a difference? Tongue Apart from the fact an employee can choose his master(s).
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September 25, 2018, 09:05:39 PM
Merited by Hueristic (1)

 I have to disagree w.r.t. "work isn't so bad" though... they've really cut back on the numbers of people and expect even more work from the remainder of us.  Also, taking time off was never an issue in the past but in the last 3 years it's very difficult.  We have extended blackout periods on vacation that creep into July and the talk is that next year it will be into early August - it's enough to drive one to really serious alcoholism.  I know... waaa!

Jesus, are you an employee or a slave?

 I don't know anymore.  I got a letter last summer informing me I had to work on a specific day (one of my days off) under threat of discipline - up to and including termination (I think they meant termination of employment but I didn't want to risk the alternative)
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September 25, 2018, 09:13:00 PM

I don't know anymore.  I got a letter last summer informing me I had to work on a specific day (one of my days off) under threat of discipline - up to and including termination (I think they meant termination of employment but I didn't want to risk the alternative)
Well if you're in the army then yes, termination does take on another meeting. But remember the words of Bob Dobbs:

The worst thing that happens if they fire you
Is you get a better job....
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September 25, 2018, 09:14:28 PM

Is there a difference? Tongue Apart from the fact an employee can choose his master(s).
My father once told me that slavery is the most stupid concept ever and to never own slaves.

Reason: Why own an asset when you can lease it....
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September 25, 2018, 09:23:38 PM


One think about work is that it is so much less stressful when you know you can say "fuck off and die cocksucker" anytime you want and just walk away with a smile. Cheesy

Word that man.  I am fortunately childless by choice, and once you have housing and kibble figured out "fuck you money" becomes a very manageable figure.

I hear ya, I was like this before Bitcoin but people with kids need the extra cushion. Lol

 I have to disagree w.r.t. "work isn't so bad" though... they've really cut back on the numbers of people and expect even more work from the remainder of us.  Also, taking time off was never an issue in the past but in the last 3 years it's very difficult.  We have extended blackout periods on vacation that creep into July and the talk is that next year it will be into early August - it's enough to drive one to really serious alcoholism.  I know... waaa!

Jesus, are you an employee or a slave?

 I don't know anymore.  I got a letter last summer informing me I had to work on a specific day (one of my days off) under threat of discipline - up to and including termination (I think they meant termination of employment but I didn't want to risk the alternative)

OK, this one just killed me! LMFAO!
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September 25, 2018, 09:44:21 PM

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September 25, 2018, 10:13:45 PM
Merited by criptix (1), BobLawblaw (1), d_eddie (1)

Bitmex is the hot leggy redhead. She will give you the ride of your life, blow through every account you have, then trash your life by making you wrap your own car around a tree.

Worth every minute of it.
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September 25, 2018, 10:52:32 PM

...the next ATH would be between $100,000 and $340,00.
https://twitter.com/Anders_/status/1044306435184582656
sent merit..you made my little hodl heart flutter .... Smiley
Given that you're already retired; what would you do differently with that kind of wealth?  Can you teach an old dog new tricks?

 You lack imagination !

 Come ooonnnnn 2021...

 I'm already past my "best before" date... not sure I can do 3 more years of shift work.

Same here. Me & my partner run an online ladies clothing store. I’ve fucking had enough of working 24/7 to be honest. I’ve had enough of dealing with customers & people in general.

Bitcoin had better hurry up and hit anything north of $50,000 per coin & I’m done. Even working for yourself is too much. I’ve always been an entitled bitch & at 30 something I’ve had enough of working Grin
understand you totaly we also have a family business .... like beeing here and work together with my father brother and employees ..... but the peoples that you have to deal with day in and day out pffffff

and for the rest if, i mean when they hit around 50K how are you gonna act , by selling all or 75% or 50%
i think for myself not easily to sell more than 30% of my stack    (when it hits prices where i wanna sell something) , actualy i think i would only sell if really needed , i think i can't bear it of taking coins of my main ledgers  Roll Eyes

i think, one of my very few coins i see leaving the stacks are some give aways i maded into some games , but i also bought them especialy during some DIPS so in my head there already GONE



I’ll probably sell about 25-30% of my stash when we hit 50-60k & buy a massive house & put down some deposits for real estate to rent out.

Never sell all of it because after the halvening in 2024 we’ll likely see, well who knows, 500k per coin?

Either way it’s frustrating atm sitting on what most people would call a lot of money but myself, knowing I can’t spend it YET because it’s not enough to live on forever.

"A lot" of money remains a relative term, and you are right to point out that the more important measurement is about whether you are able to garner enough passive income from it in order to be able sustain what you are willing to accept as a lifestyle - and the younger you are, the less prudent it will be to dig into the principle in order to measure that future income.

Even though traditional measurements of passive income are relatively conservative, I still believe that they can be used as an acceptable guideline for when to say the "fuck you" words that you are tempted to say before you are really prepared.

So, for example, a $1 million in principle can reasonably be expected to generate $3,333 per month of gross passive income, which you have to look at your future expected spending which can be projected from your past spending, and surely your location will make a difference, and might be able to change that if you are NOT tied down to a J.O.B.   

Of course, your idea of diversifying into real estate and perhaps other investments could take away some of the volatility and perhaps bitcoin might experience ongoing 80% or more downward price fluctuations... Perhaps, now that we have been correcting in the $6k to $8k price range for 8 months we might be able to bank on either the bottom is in or worse case scenario would be a spike down to $3k?  Perhaps?  There still remains some uncertainty about this because of some of the seemingly extra froth in the altcoin space.

So, currently, if you figure that you need at least $1million, but you want to be fairly confident, then you might shoot for $2million while assuming that the BTC price goes down to $3k. which is requiring more than 600 coins, which is quite a bit out of the holdings of even long term WO participants, and 100 coins would require a floor price of $20k per coin.  So, perhaps, you diversify some of your coins to take away a decent amount of the volatility, which would then allow you to have fewer coins.

Unless the BTC price goes shooting up to $100k (which is possible but certainly not guaranteed), BTC prices shooting up to $50k would probably merely allow you to presume a new BTC floor in the $10k territory.. perhaps?  perhaps?
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September 25, 2018, 11:01:06 PM

Bitmex is the hot leggy redhead. She will give you the ride of your life, blow through every account you have, then trash your life by making you wrap your own car around a tree.

Worth every minute of it.

So you've met her too. Cheesy
JayJuanGee
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September 25, 2018, 11:05:16 PM

Hm?  So this makes the core developers less godly and more human, I suppose?  And, in your view, elevates the prestige of bcash developers?

No and no. The Core devs are just as human as they ever were. But perhaps the hubris of their acolytes may have been knocked down an appropriate peg or two.


(well, a person could hope...)

There is nothing wrong with real life situation causing more humbleness,

A bigger or wiser person would not wait until life kicks them in the teeth to admit that perhaps they don't have all the answers. Especially when such claims of omniscience require the belittling of others, without bothering to understand their concerns.

Are you speaking about any person, specifically that needs to be more humble?

I think that each of us is attempting to find a balance that is right for us, and to attempt to play our cards that cause decent options for us, based on the impressions that others have of us, too.  Surely, some people have more character than others, and sometimes may either overplay their card or NOT realize what they are playing or the bridges (or credibility) that they are burning.   So difficult to say exactly without knowing about who may NOT been humble enough in this referred to case, unless you have someone in mind?
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September 25, 2018, 11:16:05 PM





Mcdonals?

Meme fail.
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September 25, 2018, 11:18:49 PM

Guys, I made the coolest purchase for BTC. I bought a dog.Today I took it from the nursery. This Siberian Husky and her 1.5 months



Gongrats on your new best friend! I've been looking to get a dog myself for some months now and Siberian Husky is the number one choice. Well done mate Smiley

This one has the coolest markings.  A true anonymous bitcoiner, complete with mask! Whatcha gonna name him?  Satoshi?
JayJuanGee
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September 25, 2018, 11:20:19 PM

Nice reading — An Overview of Privacy in Cryptocurrencies

https://thecontrol.co/an-overview-of-privacy-in-cryptocurrencies-893dc078d0d7



Where is bitcoin in your post?  Are you saying that bitcoin does not have privacy or plans for privacy?  Are we referring to a work in progress or a spectrum rather than all or nothing?  What is the point of your post, in this bitcoin thread?  Discuss.   Roll Eyes Tongue

Correct. There is no privacy in your little play-money (or these other 'coins'). Yes, Samourai and Wasabi wallets are messing around with Coinjoin. Yes, those devs think that will make it all fungible. No, it doesn't work, but it's nice to pretend, huh?

What's your point, Schmulius? 

Are you pumping some other project?    Do you just want to rain on the parade of an already success, aka bitcoin?  There has already been a lot of potential for folks to both store value and achieve transfers with a lot of privacy and security in bitcoin, and they are not stuck with certain third party obstacles, but they can use third parties as well, if they chose.

Maybe you a nocoiner that believes that bitcoin has no value or is overvalued, currently?
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