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Question: Will bitcoin ever go below $10K again in your lifetime?
Yes - 28 (50%)
No - 28 (50%)
Total Voters: 56

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22654664 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. (148 posts by 37 users deleted.)
El duderino_
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March 12, 2019, 11:10:08 PM

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Btw saw this message in the philippines

Love the hidden messages of life Grin
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Last of the V8s
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Be a bank


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March 12, 2019, 11:15:26 PM

https://twitter.com/klara_sjo/status/1105602877337276423
How Hotdogs are made. With possibly the best sound effects ever.
Biodom
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March 12, 2019, 11:16:11 PM

Flee. Simple as that.

Where?
Not going to Mars.
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How much alt coin diversification is needed? 0%?


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March 12, 2019, 11:21:06 PM

[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). 
JayJuanGee
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March 12, 2019, 11:23:15 PM


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.   Tongue Tongue
El duderino_
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March 12, 2019, 11:30:36 PM
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March 12, 2019, 11:48:56 PM

In the year 2011, where does one buy bitcoin? You had to trade it OTC or maybe even the one who bought the pizza.
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March 13, 2019, 12:34:17 AM

https://globalnews.ca/news/5047918/calgary-police-nationwide-bitcoin-fraud/
Quote
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
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March 13, 2019, 12:44:57 AM


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.   Tongue Tongue
No one can, unfortunately.  Cry Although if we could, it would change the world a lot, the butterfly effect would come into play. Roll Eyes
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March 13, 2019, 01:09:56 AM

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_
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March 13, 2019, 01:15:40 AM

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Travelling price wise Roll Eyes

Local and cheap

Actualy that is what i like ...... Smiley (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 Smiley

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no FOMO


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March 13, 2019, 01:22:21 AM

most distractiiing
El duderino_
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March 13, 2019, 01:31:44 AM

most distractiiing

i’m a most distractive mot***F***er
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March 13, 2019, 02:01:02 AM

Mic, I think jojo69 was talking about the passenger, not the boat.
El duderino_
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March 13, 2019, 02:08:00 AM

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

Mmmmm could be

She distracts me as well from time to time Smiley
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March 13, 2019, 02:10:32 AM

Padawan, hodlers!!
Sideways, boredom leads the way.
The force is with us!!
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March 13, 2019, 02:18:13 AM
Merited by theyoungmillionaire (2)

First post in here?

Come more often and own an XhomerX HAT Wink
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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March 13, 2019, 02:24:02 AM

... 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.
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March 13, 2019, 02:25:32 AM
Merited by bones261 (5), Dabs (2), BobLawblaw (2), El duderino_ (1), DireWolfM14 (1)

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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March 13, 2019, 02:30:20 AM

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! Angry
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