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Question: July 28 Closing Price:
<$3,000 - 6 (7.2%)
<$8,000 - 5 (6%)
$8,001-$8,500 - 2 (2.4%)
$8,501-$9,000 - 1 (1.2%)
$9,001-$9,500 - 11 (13.3%)
$9,501-$10,000 - 6 (7.2%)
$10,001-$10,500 - 8 (9.6%)
$10,501-$11,000 - 14 (16.9%)
$11,001-$11,500 - 8 (9.6%)
$11,501-$12,000 - 4 (4.8%)
$12,001-$12,500 - 4 (4.8%)
$12,501-$13,000 - 3 (3.6%)
$13,001-$13,500 - 2 (2.4%)
$13,501-$14,000 - 2 (2.4%)
>$14,000 - 3 (3.6%)
>$18,000 - 4 (4.8%)
Total Voters: 83

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21297321 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. (103 posts by 19 users deleted.)
JayJuanGee
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April 27, 2019, 11:55:21 PM
Merited by JSRAW (1)


Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

Maybe because after tasting the paper richness during december 2017 we can now feel how poor we are in comparison? Maybe?

We should have gotten over the correction by now, no?  Also, it is starting to seem that the bottom has better and better chances of being "in."  

It is not psychologically healthy to not be able to accept a decent-sized BTC price correction from nearly a 80x increase from late 2015 to late 2017.  

On a personal level, I think that at the top, my personal holdings were at about 26x, and even after the most severe portion of our most recent correction, my portfolio would have not gone below 3x up, and even now, my holdings are still close to 7x up.

I understand that people got into BTC at differing price points, but I thought that we started out this thread of the conversation by referring to people who have been into bitcoin since 2013, and surely there would have been opportunities to acquire 3 digits coins and even if the conversation transitioned into referring to people who FOMO bought at the December 2017 top, there has been over 16 months to continue to dollar cost average buy and to bring down some cost per BTC.    

Again, it surely does not sm healthy either to consider that BTC price only goes up or to buy more than you can afford to lose, even while the upside potential of bitcoin remains quite stupendous.  I remember battling many BTC  naysayers in 2014, 2015, and 2016 while prices were in the 3 digits but there was also pessimism about whether bitcoin would ever again surpass it's November 2013 high of $1,163.  And, people who were sitting on the fence, failing to buy, and thinking about how "poor" they were as compared with November 2013, likely ended up either missing the BTC boat again or selling way too soon, once they got into profits.  Hopefully those kinds of dumb thoughts do not distract too many peeps again... at least the smarter ones that neither put too many eggs in their basket and exercise some reasonableness an prudence in creating and following a BTC buying and accumulating plan.
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JayJuanGee
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April 28, 2019, 12:04:33 AM

it can be scary to be your own bank.

Neither physical metals or digital shitcoin scams get rid of banks.  The vast majority will always outsource security/responsibility to someone else.  That and an enormous percent of people seem to feel they need to put all their funds with some sort of custodian for wills and trusts & such.

You might be correct that for a considerable amount of time, people are still going to gravitate towards various third party solutions; however, you seem to refuse to accept the magnanimous option that bitcoin seems to offer, including an ability to hold vast quantities of value into the millions and billions and the option NOT to use a bank.

You don't have those kinds of options with traditional physical assets like fiat or PMs...  Even having $10 million in cash would not be easy to move around, like it is with bitcoin.  A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.
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April 28, 2019, 12:07:42 AM

Received an invitation from Liverpool, very cool!



https://twitter.com/cz_binance/status/1121965186691153921

^
This is cool to receive  Shocked

So everybody has a partnership with Liverpool ?  Grin
kenzawak
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April 28, 2019, 12:08:13 AM

I'm ready for the moon now. Are you?

jbreher
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lose: unfind ... loose: untight


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April 28, 2019, 12:09:22 AM


Major suckage.

"I may have lost the seed" - WTaF? Adding insult to injury.
kenzawak
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April 28, 2019, 12:10:20 AM
Last edit: April 28, 2019, 10:45:33 AM by kenzawak
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VLOG #6 | T.A. With Bitcoin

https://www.youtube.com/watch?v=iKE20QZ69KQ&feature=youtu.be

"I just think people should grow a pair"

kingcolex
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April 28, 2019, 12:22:03 AM


Major suckage.

"I may have lost the seed" - WTaF? Adding insult to injury.
Awww man, I hate to hear that, hopefully it's just a hiccup and he has been able to get into it since.
bitserve
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HODL.


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April 28, 2019, 12:23:18 AM


Major suckage.

"I may have lost the seed" - WTaF? Adding insult to injury.

Maybe he means as in having temporarily unable to access the seed as if it was stored on a seastead or something?

Anyway I think Elwar was more of a paperwallet guy. The ledger he may be using it just for convenience. Even if it sounds as a bit of inconvenience right now if he can't access it.
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April 28, 2019, 12:24:38 AM
Last edit: April 28, 2019, 12:38:01 AM by realr0ach

You don't have those kinds of options with traditional physical assets like fiat or PMs...  Even having $10 million in cash would not be easy to move around, like it is with bitcoin.  A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.

You demonstrate a complete failure of economics 101 understanding.  It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first.  Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity.  

Bitcoin is no different - another artificial scarcity scam/racket.  The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket.  So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity.  It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero.  

All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value".  You need a physical commodity that doesn't expire to do that.
kingcolex
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April 28, 2019, 12:28:20 AM


Major suckage.

"I may have lost the seed" - WTaF? Adding insult to injury.

Maybe he means as in having temporarily unable to access the seed as if it was stored on a seastead or something?

Anyway I think Elwar was more of a paperwallet guy. The ledger he may be using it just for convenience. Even if it sounds as a bit of inconvenience right now if he can't access it.
He said himself there were a lot of coins on it, sounds to me the seed words are probably at the bottom of the Sea in Thailand.
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April 28, 2019, 12:29:01 AM

it can be scary to be your own bank.

Neither physical metals or digital shitcoin scams get rid of banks.  The vast majority will always outsource security/responsibility to someone else.  That and an enormous percent of people seem to feel they need to put all their funds with some sort of custodian for wills and trusts & such.

It is confirmed, Banks and wall street are trading at Bitfinex and guess what, they are so weak.
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April 28, 2019, 12:29:45 AM


Major suckage.

"I may have lost the seed" - WTaF? Adding insult to injury.

Maybe he means as in having temporarily unable to access the seed as if it was stored on a seastead or something?

Anyway I think Elwar was more of a paperwallet guy. The ledger he may be using it just for convenience. Even if it sounds as a bit of inconvenience right now if he can't access it.

Let us all hope...
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April 28, 2019, 12:34:45 AM

I see you again
volatility, my old friend
the sounds of scalping.
realr0ach
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April 28, 2019, 12:40:29 AM

I see you again
volatility, my old friend

I don't see any volatility.  This is volatility:

the splashes of the whales have frozen me in my tracks

these markets are just not to be traded

I can't reasonably expect to be able to play these markets

this volatility is joke. It can't be classed as a serious investment, we can have fun with it, but 40% falls in a few hours without any real reason, that isn't a serious investment.
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April 28, 2019, 01:00:27 AM

Why do holders care about pump if They were holding for long time???
Holding long time, no change fact that if value pump double, holder double rich.
We say hodler, it's slang.
BTCMILLIONAIRE
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April 28, 2019, 01:04:59 AM

You don't have those kinds of options with traditional physical assets like fiat or PMs...  Even having $10 million in cash would not be easy to move around, like it is with bitcoin.  A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.

You demonstrate a complete failure of economics 101 understanding.  It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first.  Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity.  

Bitcoin is no different - another artificial scarcity scam/racket.  The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket.  So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity.  It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero.  

All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value".  You need a physical commodity that doesn't expire to do that.

While your rationale works well for video games on Steam it does not hold for Bitcoin. While true that the scarcity is artificial by virtue of being programmed in it's not comparable to video games on Steam which can be sold without any limitations.

As soon as some malicious actor tried to remove scarcity by increasing the amounts of Bitcoins we'd simple tell them to fork off by forking off ourselves.


You could make an argument that this would be a democratic process and that the majority of humans is too fucking retarded to realize when they're being manipulated into believing that increasing the amount of coins is a non-issue. But that would still result in two chains, one with the idiots and one with the rest.

Now another argument that you could attempt would be to state that the scarcity was broken through the fork. But as we have already seen quite clearly forks only have a fraction of the original value and the more forks there are the less valuable each fork will be with a quick convergence towards value for erroneous forks. Hence irrelevant for both the Economy as a whole as well as the 21m Bitcoin chain.
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April 28, 2019, 01:06:07 AM

@roach
nom nom nom
JayJuanGee
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April 28, 2019, 01:09:50 AM

You don't have those kinds of options with traditional physical assets like fiat or PMs...  Even having $10 million in cash would not be easy to move around, like it is with bitcoin.  A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.

You demonstrate a complete failure of economics 101 understanding.  It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first.  

I don't give a ratt's ass what you call it.  Let's use $100 million as an example.. Look I came down one decimal point, just for you.  Today, if you have $100 million in dollars, or $100million in Pms (such as gold) or $100 million in bitcoin.  Which one would be easier to move around to various parts of the world?  Which one would be easier to store?  Even if I have a secure building, I have to get the money or gold in and out of there, and I also have to worry about robbery or damage.  Of course, I could spread the $100 bills out in different buildings or the gold, but still it would probably be a whole hell of a lot easier to deal with bitcoin... just think about going across the country in a u-hall filled with cash or filled with gold? Wouldn't you be worried?



Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity.  
We are not talking about video games or steam... We are talking about bitcoin and comparing it to fiat and gold.  Of course, you can have some value in each, but if you have large amounts of value, such as $100 million.. even $1million, it is much easier to manage in bitcoin.


Bitcoin is no different - another artificial scarcity scam/racket.  

It is different, you diptwat.  It has it's own security network built in that are verifying its scarcity and transactional security, including solving the double spend problem... Haven't you heard about that?  You fucking troll/shill?


The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket.  

The scarcity of bitcoin is not artificial you dimwit.  Stop spreading misinformation.

So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity.  

It is.  I can do it today.  That $10 million is a little less than 2,000 bitcoins.  I could store the private keys on a hardware wallet, such as a Trezor or there are other ways to do it.  It is not theoretical.. it exists.  Wake the fuck up.



It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero.  

We are talking today.  And, I don't give any shits if it goes to zero in some hypothetical future time, because i am gong to be lucky to live another 50 years.. so I don't even care if it goes to zero 51 years from now, except for my descendants of course, and that would be their problem, if I have not spent all of my bitcoin wealth by the time I die.

All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value".  You need a physical commodity that doesn't expire to do that.

What the fuck are you talking about?  Bitcoin has gone up in value in the past 10 years, and in the past 5 years it has gone up more than 5x.  Overall, bitcoin continues to go up, especially in recent times, which seems to provide decent evidence that bitcoin is going to fare better than your PMs, such as gold or silver or copper.  Good luck with those ancient relics in these modern times.

By the way, don't you have a PM forum or a PM thread that you can post on? You are continuing to waste the time of people in this thread, bitcoin buyers, holders and accumulators that seem to be way more knowledgeable (and interested) than you on the bitcoin topic.  Go somewhere where your phoney baloney PM pump talking points are wanted and appreciated.  NOT here.. Haven't you gotten the memo... PM bugs, including roaches, not wanted here!!!!!!!
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April 28, 2019, 01:12:49 AM

For fuck sake JJG don't quote that fuck face, just everyone ignore the bastard and let him aste his time posting to himself.
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April 28, 2019, 01:16:12 AM
Merited by micgoossens (1)

always remember! buy BTC as long it is cheap.

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