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

[gentlemand]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

[mindrust]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

We were just having a nice dream till you guys destroyed it. 

[criptix]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

Thanks to arthur i just got a new nice car, so please no hate 

[BitcoinGirl.Club]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

We were just having a nice dream till you guys destroyed it.  

Eh!
It was a bubble 🤪

[JayJuanGee]

Also, I'm not sure if depression is actually bad. It might be a mechanism that is supposed to get us to stop doing what isn't working and seek out new solutions.

This is somewhat how I view depression. My philosophy has become without experiencing depression you cannot experience happiness. Without sadness you cannot feel joy. It's something you have to endure to eventually become a better version of yourself.

Since everybody is sharing their personal experiences. How crypto has had a grip on me: it started in 2015 when I got introduced to a shitcoin, I already heard of Bitcoin. Put a decent amount of money into it and saw it rise x4 at the end of 2016. That's when I decided to dig deeper and created an account here. Then 2017 came along and I experienced the crazy bull run we had. During this year with amazing highs and profits I started to feel more confident and euphoric. After a while (which I can see now in hindsight) the profits I made, were linked to my self-confidence. Which is quite dangerous when I think about it. So when the bear market came and it destroyed my paper profits I was feeling low, insecure and doubting myself all the time.

It has now been almost six months since I have started rebuilding my self-confidence. What seems to help for me is routine and exercise. Going to the gym and lifting weights has been working quite well. A strong mind needs an even stronger body.


@capslock
Thank you for sharing such an intimate moment! Great post had to send you my last merit.

Surely, whether your portfolio was profitable or not, in relationship to bitcoin specifically would depend on a lot more details.  Sure, you are saying that, overall, your portfolio became unprofitable at a certain point in this prolonged correction, but then again there are a lot of ways that the level of profits would be affected depending, in part, on how long you were involved in various shit coins, how much of a percentage they occupied and whether and how much you came over to the light of bitcoin - including your strategies, whether dollar cost averaging, buying on dips, various balls to the walls approaches or some combination thereof.

[MrFreeRoMan]

Facebook coin will be a great opportunity to pump & dump. Get in early, sell before it fails miserably & increase your bitcoin stash.

#winning

Yeah, why haven't I thought about that? This is the only coin I would go all in and dump when I do 2x profits. It's the sure bet which'll get me to the double digits.

Great idea. Tbh, it might even get me 3 digits, can't imagine the enormous hype.

You think Binance IEO's are overhyped? Just wait for FBC. (facebookcoin  )

Maybe I am not updated on the last rumours of this project, but this coin should be a Stablecoin isn’t it?

“… Facebook is seeking roughly $1 billion for the new initiative and has already approached credit card companies Visa and MasterCard about a potential partnership. The cash infusion would ensure ‘FB coin’ is well capitalized and stable, unlike most of the major cryptocurrencies today.”
https://www.bbc.com/news/business-48383460

[cAPSLOCK]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

Merited exclusively for the use of the word "cockhonkers".

[fillippone]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

We were just having a nice dream till you guys destroyed it.  

If you want memes and wild dreams go to  BitcoinPermabulls t.me/bitcoinpermabulls on Telegram. Only serious and grownup discussions here on the very polished WO thread.

[gentlemand]

“… Facebook is seeking roughly $1 billion for the new initiative and has already approached credit card companies Visa and MasterCard about a potential partnership. The cash infusion would ensure ‘FB coin’ is well capitalized and stable, unlike most of the major cryptocurrencies today.”
https://www.bbc.com/news/business-48383460

I just don't see how they can keep a balance here. I presume the idea is to go global. How do you balance the exchange rate across the whole world while keeping everyone happy? How would any government with a crappy currency stop everyone from piling in? How do you stay on top of compliance if you get over 1 BILLION users? Ten million would be a herculean task.

No matter what, it's going to be a great show. I gave up Facebook about 12-13 years ago after trying it for a week and having an avalanche of pirate sheep thrown at me so will be sadly excluded.

[Last of the V8s]

https://cryptoinsider.com/facebook-to-launch-project-libra-a-stablecoin-based-network/
 

how bloody Orwellian this is, it's not even funny.

The shitcoin to end all shitcoins.

A FacebookCoin pegged to the USD with full KYC/AML could eat 90% of the market share of credit card processors, non-USD fiat currencies, and shitcoins.
Bitcoin would be your only alternative.

Facebook has a bigger network effect than anyone in payments. If they're smart, they'd stay out of monetary policy & build a payment network around the most liquid asset their users want. With KYC/AML, they'd probably offer more USD liquidity & lower fees than anyone else.

Network effects dominate. In a KYC world, there's very little reason for anything but the dollar and a facebook payment app to exist. Why hold your local gov's shitcoin on an app, when you can hold the dollar & spend globally? Why hold any app that has a smaller network than FB?

Payments will centralize around one network & standard. Currently it's USD, meaning surveillance, inflation & war.
Bitcoin's value proposition is that its most centralized layer is distributed over many thousands of nodes, making it arguably immutable apolitical & uncensorable.

Your choice:

1- A global inflationary currency that uses seigniorage to finance a large bureaucracy & global empire with complete surveillance of everyone

2- Digital immutable apolitical hard money with no seigniorage.

A good take I think from saif, and reminds me of the ubiquitous Chinese payments app Wechat Pay

[BitcoinGirl.Club]

Facebook has 2.38 Billion Users (Q1, 2019)



This is insane! I think we are 7 Billion in the earth.

[Last of the V8s]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

We were just having a nice dream till you guys destroyed it.  

If you want memes and wild dreams go to @ BitcoinPermabulls on Instagram. Only serious and grownup discussions here on the very polished WO thread.

Not quite. I dream of Rio.

[fillippone]

“… Facebook is seeking roughly $1 billion for the new initiative and has already approached credit card companies Visa and MasterCard about a potential partnership. The cash infusion would ensure ‘FB coin’ is well capitalized and stable, unlike most of the major cryptocurrencies today.”
https://www.bbc.com/news/business-48383460

I just don't see how they can keep a balance here. I presume the idea is to go global. How do you balance the exchange rate across the whole world while keeping everyone happy? How would any government with a crappy currency stop everyone from piling in? How do you stay on top of compliance if you get over 1 BILLION users? Ten million would be a herculean task.

No matter what, it's going to be a great show. I gave up Facebook about 12-13 years ago after trying it for a week and having an avalanche of pirate sheep thrown at me.

They are going to seek stability versus a basket of fiat currencies rather that USD dollars. I guess a basket of USD/EUR/JPY basket, maybe adding other relevant currencies as they expand towards new markets. Effectively it will be a new dollar index, they will be able to use traditional FX hedges to stabilise the value of the thing.

[gentlemand]

They are going to seek stability versus a basket of fiat currencies rather that USD dollars. I guess a basket of USD/EUR/JPY basket, maybe adding other relevant currencies as they expand towards new markets. Effectively it will be a new dollar index, they will be able to use traditional FX hedges to stabilise the value of the thing.

Makes sense. I wonder what many a government will feel when a weird little Vulcan suddenly wields a universe more power than they can possibly dream of.

I'd be shelving it and returning to practicing my blinking if I were him.

[BitcoinGirl.Club]

Not quite. I dream of Rio.

Damn!
I am off to bed. Good night 🤪

[JayJuanGee]

That's fucked up! My first day of trading:
5 losing trades out of 5!
There is something to strive for and where to grow

A trader losing 100% of the times is precious as much as one hitting right 100% of the times.
You just need a friend taking a position opposite your view, but triple the size.

I doubt that the problem is a matter of doubling down, coincidence or whatever.

Something seems quite wrong and unsustainable if you are losing 100% of the time with 5 bets, and you just begun to engage in the activity.

Likely the better strategy is to quit for a while and reassess the prudence of your approach.

[hodl_2015]

This is insane! I think we are 7 Billion in the earth.

7.000.000.001 (my cat has a facebook account)

[infofront]

If it’s to be a stablecoin I won’t bother with it.

Do you truly honestly believe Mark will expose the wealth of his billions of users to a bunch of cockhonkers on Bitmex?

Merited exclusively for the use of the word "cockhonkers".

Respect.
+1 WO merit

[Biodom]

They are going to seek stability versus a basket of fiat currencies rather that USD dollars. I guess a basket of USD/EUR/JPY basket, maybe adding other relevant currencies as they expand towards new markets. Effectively it will be a new dollar index, they will be able to use traditional FX hedges to stabilise the value of the thing.

Makes sense. I wonder what many a government will feel when a weird little Vulcan suddenly wields a universe more power than they can possibly dream of.

I'd be shelving it and returning to practicing my blinking if I were him.

Yeah, remember what happened last time a large pseudo-monopolist claimed that that they will soon take the 'vig' from all transactions?
cough-Microsoft-cough

Not going to happen^TM

[MrFreeRoMan]

That's fucked up! My first day of trading:
5 losing trades out of 5!
There is something to strive for and where to grow

A trader losing 100% of the times is precious as much as one hitting right 100% of the times.
You just need a friend taking a position opposite your view, but triple the size.

I doubt that the problem is a matter of doubling down, coincidence or whatever.

Something seems quite wrong and unsustainable if you are losing 100% of the time with 5 bets, and you just begun to engage in the activity.

Likely the better strategy is to quit for a while and reassess the prudence of your approach.

at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot

A little bit of bitcoin history


https://twitter.com/Josh_Rager/status/1131668130995085312/photo/1