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

[JayJuanGee]

[edited out]

Everyone certainly decides for themselves the percentage of their BTC and other wealth in their possession. The psychological phase of maintenance is different for each person (HODLer), but I think there is an average value and at the moment it is about $2500-$3000. That doesn't mean that if BTC costs $1 or $100 tomorrow, no one will buy it. This means that none of the HODLers will sell their BTC for $2500-$3000 and store them further.

I find your placement of a current BTC value (at $2,500-$3,000) to be somewhat random seeming and quite presumptuous, but perhaps such value placement behavior is no more egregious than some the charts that attempt to show where the BTC price is going based on current value projections.

I don't think any of the HODLers will live on the street or (God forbid) starve instead of selling 0.002% of their BTC, or tolerate something like that.  

You are taking my example to an extreme.

All I was suggesting is that there are various stages in which BTC HODLers should be attempting to plan their finances and to attempt to figure out what kind of stage they are in and to coordinate their behaviors, as much as they can, to what stage they are in.  Of course, you are going to see the world much differently if you are in your teens or twenties, and have never really been able to accumulate much capital, so in those kinds of circumstances, it may take you quite a bit of BTC accumulation before you are able to feel that you are benefitting in concrete ways from the price going up.

I tried to suggest some level of precision in how much BTC would be adequate, and that is if you feel that you can live reasonably well off of cashing out 4% of your BTC every year as a passive income.  Some of us could already be close to that stage, so your earlier statement about never selling BTC, just seems unrealistic and perhaps only seeing the matter from someone who his having trouble seeing the end of the line of the accumulation phase (nothing wrong with that, each of us are in different stages and in even different proportionality within that stage because (hopefully) of our own customization of our plans and BTC accumulation to ourselves).

And even if the price of BTC doesn't grow exponentially (which is very doubtful for me), BTC will still remain a reliable tool for saving!

I cannot disagree with you on that point; however, let me reiterate one more time.  Let's say that your personal goal was to have BTC to occupy about 10% to 25% of your various personal investments, yet between 2015 and 2017, BTC prices went up so much that your BTC holdings began to approach more than 95% of your wealth, and even with the price drop, BTC value remains in a kind of 50% arena, which is way more than you had wanted to allocate to bitcoin.  If the BTC price goes up again, then you might feel some desire to sell some of it off, even if it is a good investment overall.. and even if it does not go up a lot, with the passage of time, you still might feel as if it does not hurt to shave some of your profits from your BTC, here and there... just so you can have various comforts in your life (before you die or become disabled). 

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[JayJuanGee]

See how much profit you could make if you invested $100 in the BTC immediately after the coin appeared on the exchange and did not lose it later on.

I cannot go back in time to do that.   

[El duderino_]

via Imgflip Meme Generator

[Dabs]

In the year 2011, where does one buy bitcoin? You had to trade it OTC or maybe even the one who bought the pizza.

[Last of the V8s]

https://globalnews.ca/news/5047918/calgary-police-nationwide-bitcoin-fraud/

Police believe suspects committed “double-spend” attacks, in which a person withdraws money from a bitcoin kiosk and then remotely cancels the transaction before the kiosk company can process the withdrawal.

Police say the 112 fraudulent transactions resulted in a loss of $195,000.

ugh 0-conf bad mkay

[Olegya199]

See how much profit you could make if you invested $100 in the BTC immediately after the coin appeared on the exchange and did not lose it later on.

I cannot go back in time to do that.  

No one can, unfortunately.  Although if we could, it would change the world a lot, the butterfly effect would come into play.

[Icygreen]

So, predictions. If I am correct that all the social ills and psychological and behavioral problems of our time is primarily caused by overpopulation and life being too easy for generations at a time, then there are only a very small number of possible future outcomes.

The first one that a lot of people will probably jump to is that we simply wait for the boomers to die and then everything will be fine after that. Not going to happen. Things always change, and always towards the left over time.

Other than that, the only option is a violent reduction in numbers. War, pestilence or famine. Given the current understanding of the amygdala, war is most likely to come in the form of a soviet-style collapse. The states will continue to become ever more tyrannical until we have an economic collapse, which will result in lowered food production and a lot of dead people.

So if soviet conditions are the most likely near-future outcome, what to do about it?

Flee. Simple as that. If you stay, odds are you will be locked up or have all your property stolen or simply end up shot. Let the disease burn itself out, and when the rebuilding begins in 10-30 years it might be time to come back if you feel like it by then. But staying through it is simply too dangerous and there is no reward.


On a side note, I have gained a new appreciation for the importance and role of religion during these studies. Maybe a topic for another time.

While I might agree that reduction of populations could be one solution, I'm not convinced it needs to be war, famine and disease that does it. What if the other option included wealth and education redistribution which ultimately resulted in the same. (John Calhoun's rat experiment) A voluntary or subconscious participation in depopulation could leave our hard fought infrastructure intact where war likely would not.
The constant threat of war plays an important role in our eventual decision to choose another option but failing this, war is ready.
I choose plan BTC

[El duderino_]

via Imgflip Meme Generator

Travelling price wise

Local and cheap

Actualy that is what i like ...... (yesterday been to the chocolat Hills but still i prefer my own Hills)

Starting to dislike 3850-3860

But better Then the last bottom price

[jojo69]

most distractiiing

[El duderino_]

most distractiiing

i’m a most distractive mot***F***er

[nanobtc]

Mic, I think jojo69 was talking about the passenger, not the boat.

[El duderino_]

Mic, I think jojo69 was talking about the passenger, not the boat.

Mmmmm could be

She distracts me as well from time to time

[El duderino_]

Padawan, hodlers!!
Sideways, boredom leads the way.
The force is with us!!

[xhomerx10]

First post in here?

Come more often and own an XhomerX HAT

Thanks, Buddy!

I have been reading here for the lols, news, classic moments, and participating on voting.

Just funny, we are only 110 voting here?

More lols to come.

 

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[BTCMILLIONAIRE]

... total household debt increased by $32 billion (0.2%) to $13.54 trillion in the fourth quarter of 2018

Everyone is drowning in debt because people aren't being paid for what they produce. Time to tax the billionaires.

Billionaires repeatedly put their money at stake for returns. "Everyone" else is staking their money on iPhones. So fuck off you filthy thief.

[xhomerx10]

According to the 2014 / 15 crypto market schedule, the train is running on time.

 According to my vacation schedule, I'm running a little ahead of time.  Choo! Choo!

 

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[BTCMILLIONAIRE]

According to HuffPost, on average people spend about $650 on Alcohol every month.

That means if you cut your drinking habit by 50% and spent the money you saved on #Bitcoin, you could invest $325 or about .08 $BTC, at these prices, monthly.

In 12.5 months, you’d have 1 BTC.

💡

https://twitter.com/mrmichaelnye/status/1105227653257314304?s=21


But but what about me saturdayzzzz ??

Fucking filthy Billionaires are to blame for average people not building wealth. Tax them and corporations, that provide us with everything we use in our daily life, to death!

[El duderino_]

^^
Awesome workssss XhomerX

Can’t merit them all but but they are very Nice

How does one stay that creative

[BTCMILLIONAIRE]

Bitcoin & Blockchain Adoption Will Be a Lot Faster Than The Internet Boom of 90’s

https://blockpublisher.com/bitcoin-blockchain-adoption-will-be-a-lot-faster-than-the-internet-boom-of-90s/

-Jack Lu, founder of Wanchain, certainly thinks so:
“We are at a similar stage as the internet boom back in the early 2000s. Right now the whole industry is trying to build real world applications with increased funding. I think a life changing disruption would be a lot faster than it was back in the internet world. The reason is blockchain deals with two type of things: data and assets, which is also a form of data. Since these things are already digitized or about to be digitized, blockchain will gain traction a lot faster.”
...
“Majority of financial assets are already digitized as they are in some form of data, like in banks. Putting them on blockchain and building applications such as smart contracts and decentralized applications will be a lot faster this time around than the old days of internet that revolutionized pretty much every industry.”
...

-Maxine Ryan, co-founder of world’s first cash-in, cash-out blockchain remittance platform Bitspark, pinpointed how the data storing capability of blockchain technology can be utilized. She said:
“I think that there is definitely space for blockchain to be adopted in areas where the technology itself can be treated essentially like a database, and in every single infrastructure built in many different verticals, a database is needed.”
...
“I think it’s unfortunate that when the market is hyped, it attracts bad actors. At such a time, the market can make irrational decisions. I believe that investors should have sufficient knowledge of the field and understand how to do due diligence before they invest.”
...
“I always take internet as a history book. Initially, people termed internet a scam back when it came out. In the second stage, some use cases were proven that revolutionized everything and in the third stage, the internet was everywhere. Same will happen with blockchain technology. It will be incorporated in pretty much every computer, mobile phone and pretty much into everything that has digital data. People wouldn’t even think that there is blockchain technology working inside every device, just like people don’t think about the technology behind internet.”

It probably wouldn't hurt to make a distinction between Bitcoin [as SoV, MoE, UoA] and general Bitcoin adoption. Blockchain will penetrate society very fast and make legacy finance vastly more efficient. The former however could either precede, move along, or lag behind in pace. Possibly quite substantially.

My hunch is that it'll lag behind, because banks and governments will be flailing around and the average person needs daddy government to tell them it's all going to be okay.

[Syke]

Billionaires repeatedly put their money at stake for returns. "Everyone" else is staking their money on iPhones. So fuck off you filthy thief.

Billionaires don't create wealth. They hire people to create wealth and then underpay them. That underpayment gap has become obscene.