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

[fillippone]

Brokers are selling the bear market story to retail

If you really wanted to censor the name of your broker you did quite a poor job.
I put my drone controlled-blockchain based-3D printed-AI Smart-drone to improve the job:



You are welcome HairyMaclairy

[jojo69]

figured I better help out here

[JayJuanGee]

The best scenario is buy BTC when it was below $50. (Ideally, when it was below $1). So you have say a few thousand corns. Let's say 10k.
Then you participate in, let's say ETH, and part with half of your corns. so that's 10 million ETH.
Then you participate in a bunch of different ICOs with maybe even just 1 million ETH. And you do an average of 5x. Some go to zero. Some go 10x. Then bring it all back to ETH or BTC.
Then you HODL until ATH... maybe at 15k per BTC, 1k per ETH.

Then, it would take me a literal couple of years cashing out about $10k USD every other day, so I can spread all over the world in 10 different fiat currencies and still have more than half left over in BTC, because there are still so many things I can't buy with just BTC, and everything else has to be paid in fiat and I don't mind investing in some traditional index ETFs to let it sit for the next 10 years.

At one point in time, I had available to me about $20k USD from a bank, in the Philippines, in about 2014. I could have used it to buy all corn back then ... it was maybe $500? So about 40 corns. If that's all I HODL'd until now and even with interest, I could have sold maybe 4 corns, paid back the loan, and still have 36 corns; or invested half in the ETH ICO and gotten 40k ETH.

But none of us knew that. Still. What if ...

Even though I don't know your situation with any kind of exactness, from your way of describing matters, I get a few different impressions, and some of them are about your way of framing these matters.  1) You seem to not really recognize what distinguishes bitcoin from ethereum and other coins/projects, 2) you seem inclined to gamble in a kind of way that you are inclined to be always attempting to chase increasing returns, 3) it seems that you want to rush matters, which is kind of related to item 2 and 3) you may even have some faults in your thinking in terms of your attempting to objectively classify what is rich or not rich, versus merely honing in on your own situation, which involves attempting to live within your means - which will have an ability to create a kind of richness because you would be able to live within your means, and then only using spare money after that in order to make investments  (including hopefully concentrating on bitcoin and not getting caught up with those various other projects).

Regarding your assessment that it is too late or maybe it is becoming too late to become rich from bitcoin, I don't think so.  No matter what, it is going to take some time to get rich, anyhow, even if you run into fortuitous circumstances, yet if you recognize bitcoin as the place to focus your investment efforts, you probably could still get rich from it, relatively speaking because if you recognize bitcoin as your main focus asset, then you might jus concentrate on investing in bitcoin (after of course, you have all of your monthy expenses covered, including emergency funds).

[Biodom]

The best scenario is buy BTC when it was below $50. (Ideally, when it was below $1). So you have say a few thousand corns. Let's say 10k.
Then you participate in, let's say ETH, and part with half of your corns. so that's 10 million ETH.
Then you participate in a bunch of different ICOs with maybe even just 1 million ETH. And you do an average of 5x. Some go to zero. Some go 10x. Then bring it all back to ETH or BTC.
Then you HODL until ATH... maybe at 15k per BTC, 1k per ETH.

Then, it would take me a literal couple of years cashing out about $10k USD every other day, so I can spread all over the world in 10 different fiat currencies and still have more than half left over in BTC, because there are still so many things I can't buy with just BTC, and everything else has to be paid in fiat and I don't mind investing in some traditional index ETFs to let it sit for the next 10 years.

At one point in time, I had available to me about $20k USD from a bank, in the Philippines, in about 2014. I could have used it to buy all corn back then ... it was maybe $500? So about 40 corns. If that's all I HODL'd until now and even with interest, I could have sold maybe 4 corns, paid back the loan, and still have 36 corns; or invested half in the ETH ICO and gotten 40k ETH.


But none of us knew that. Still. What if ...

Just noticed it, but your calcs are wrong...
10mil ETh would be $1.84 bil (now)-14.4bil (at the peak)...
Therefore at $10K every other day it would take someone 504-4114 years to cash out (theoretically, of course), NOT a couple of years.
js

PS: When i just started stock investment, i was building similar imaginary scenarios: what if i buy AMZN, then switch to GOOGL, then back to AMZN or FB, going on and on.
Not possible to create such branching in reality (both in stocks and in btc plus the rest of crypto), too many possibilities that you know about only post factum.

[HairyMaclairy]

Thanks guys but not my letter.  Taken from Twitster.

[JayJuanGee]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds.

Maybe that is part of the explanation for our differing views?

Perhaps, but likely only in respect to closely-related topics.

Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown?

I think that we have to take whatever those fucktwats were saying with a BIG ASS grain of salt, and there were likely a lot of ways to go forward.  They pled their case in such a way that they could get a pay out  (them and their buddies).

Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective?

I doubt that there is an evolution in any direction regarding these kinds of macro-financial matters, and accordingly, I believe that there are all kinds of bullshit interim measures that can be taken and are taken to continue the facade and the smoke and mirrors and at least another 30 years of these kinds of baloney shenanigans are within reason of likelihood.

[VB1001]

As long as more and more people realize #bitcoin's decentralized nature and censorship resistant/digital gold properties that make it immune from the errors of central authorities the safe haven narrative will continue to catch on.

https://twitter.com/theonevortex/status/1162895619662368768

Good morning WO,s > +/- 10,170

The truth is that I care very little about the trajectory of gold, but I am surprised how graphics follow the same trend, in different timelines.

[fillippone]

Thanks guys but not my letter.  Taken from Twitster.

Oh, such a waste of electriciy then.
My AI burned so many Gw to perfection that censorship.
Greta is going to drown herself in the Atlantic for this...

[nutildah]

As long as more and more people realize #bitcoin's decentralized nature and censorship resistant/digital gold properties that make it immune from the errors of central authorities the safe haven narrative will continue to catch on.

https://twitter.com/theonevortex/status/1162895619662368768

Good morning WO,s > +/- 10,170

The truth is that I care very little about the trajectory of gold, but I am surprised how graphics follow the same trend, in different timelines.

While I tend to agree with the text of the tweet, the chart itself is a little misleading. Anybody can compare 2 assets that have both increased in value in the same manner by adjusting the scale and the values on the axis, and show them both starting and ending on the same points. While a rise of 17% for gold may be considered "sharp," bitcoin's rise of 170% is a lot sharper.

[VB1001]

^
Referring to the graph of gold vs Bitcoin, it is created by Coinmetrics, in my opinion their presentations are always interesting, but there is an Italian saying that says:

"se non è vero, è ben trovato"  > If it's not true, it's well invented.

[Saint-loup]

^
Referring to the graph of gold vs Bitcoin, it is created by Coinmetrics, in my opinion their presentations are always interesting, but there is an Italian saying that says:

"se non è vero, è ben trovato"  > If it's not true, it's well invented.

Chi va piano va sano

[serveria.com]

In WO there are more bulls than bears, more strong hands than weak ones, but each one sees the market with their perspective, there is no problem, nobody should buy or sell for the comments that are published.

I don't think Lambie or mindrust are bears, they only express their market sensation.

Well I mean if more than one person here is questioning their bullishness and they have to explain to everyone they're bullish not bearish it should mean something right? Cryptotourist guy belongs to the same gang btw

[El duderino_]

via Imgflip Meme Generator

So is this jimbo’s place ??

[VB1001]

https://twitter.com/eagletwitt3r/status/1162835311623385095

[Cryptotourist]

I was teasing mindrust.  Sorry humor is tricky online.

Well played, you saucy bugger.

#

Well I mean if more than one person here is questioning their bullishness and they have to explain to everyone they're bullish not bearish it should mean something right? Cryptotourist guy belongs to the same gang btw

Special explaining for special people.
Right?

If any consolation I am not really bullish for another 1.5 months. We need to wait for October.

Btw go fuck yourself serveria. You are one sorry excuse of a flat out liar.

[Saint-loup]

A bounce back is coming?

Bitcoin Experiences Biggest Weekly Decline Since November 2018

Bitcoin just saw its biggest weekly decline since last year. The world’s largest cryptocurrency dropped by 15 percent to around $10,145, which is its biggest five-day fall since November 2018.



https://beincrypto.com/bitcoin-experiences-biggest-weekly-decline-since-november-2018/

[fillippone]

^
Referring to the graph of gold vs Bitcoin, it is created by Coinmetrics, in my opinion their presentations are always interesting, but there is an Italian saying that says:

"se non è vero, è ben trovato"  > If it's not true, it's well invented.

Chi va piano va sano

The exact saying is:
“Chi va piano va sano e va lontano”
(“He who goes slowly goes healthy and far”/slow and steady wins the race).
Not a big fan of popular saying anyway. You can find also the opposite:
“Chi prima arriva meglio alloggia”
(First comes, best served/ early birds get the worm)

[Cryptotourist]

A bounce back is coming?

First retest $9k-$9.5k, then bounce back to $11k.
Source:


#

Lambie, when Lambo?

[bitcoinPsycho]

Let's test $50000

[HairyMaclairy]

A bounce back is coming?

Bitcoin Experiences Biggest Weekly Decline Since November 2018

Bitcoin just saw its biggest weekly decline since last year. The world’s largest cryptocurrency dropped by 15 percent to around $10,145, which is its biggest five-day fall since November 2018.



https://beincrypto.com/bitcoin-experiences-biggest-weekly-decline-since-november-2018/

Nicely timed to counter trade the sheeple