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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25497483 times)
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JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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August 05, 2019, 07:18:46 PM



Finally, you are saying something that kind of makes sense, B1tUnl0ck3r, which I interpret as a kind of visual "wwwwwweeeeeeee"
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August 05, 2019, 07:37:29 PM


Haha, love that!

Us looking at our cold storage stash in 2022.

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ESG, KYC & AML are attack vectors on Bitcoin


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August 05, 2019, 07:55:28 PM
Merited by LFC_Bitcoin (2), ivomm (1)

During the winter of 2019 I was mentally preparing for 10K sometime around Dec 2020. I wouldn't give even a 1% chance to stay above 10K in the Summer of this year. For >20K It didn't even cross my mind it was possible this year. But here we are - nearly 12K for the 3rd or 4th time this Summer. With that pace we will be >20K way too soon than most of us expected.

Actually, I do something very similar in that I create very conservative expectations; however, even though my tentative cash projections used to use 6% as a kind of per year increase in value of BTC, I upped that to 12%.  I am perfectly fine with moving back to 6% or even lower, but I just tentatively conclude that 12% is more realistic (even though it is still likely to be really conservative).. but even if BTC were to perform really conservatively over the coming years (which does not seem too likely), it is still a very great bet, not only for the price appreciation that she has already provided but also for the "potential of a profit" that might not end up being realized in the real world.   

I've read multiple times by newbies in this thread that the 2017 run can not be repeated because then Bitcoin was in the news all over the world and that caused the run.

Yeah, surely people love explanations for things, and they try to make bitcoin out to be some kind of widely known asset.  Fuck those stories... people don't know shit about bitcoin because if they did they would take a bit of a stake in it.  Furthermore, maybe a decent number of people have heard the name, "bitcoin", but merely because they heard the name does not mean that they know shit about what it actually is... even if they might even have some talking points about it.. that are at least 90% likely to be inaccurate.  Even a decently large percentage of people who I know who have actually bought bitcoin frequently get mislead in their understanding of what bitcoin is... probably the most informed people are proportionately in this thread and some threads like this one that may exist in some other areas of the interwebs to the extent that they are not coopted by misinformation shills/trolls that can easily begin to dominate and distract the thread contents if you do not have at least a few relatively strong voices calling bullshit on them from time to time.  We have quite a few peeps in this thread willing to call bullshit on the troll/shills on a regular basis - so we are good in that respect.


This is BS! This happened in late November and early December when we were already around 10K. Do you think that many peeps that heard about Bitcoin, say in 1. Dec 2107 registered in some exchange and bought by 15Dec? No! I know thousands of people because of my occupation and I must tell that not even 0.1% of them bought bitcoins. On the contrary, because of their ignorance some of them bought the leading 3 shitcoins which names I don't want to write. Why - because they looked cheaper from a few dollars to several thousands (never heard of a market cap, n00bs). Now each of them changed their mind and regrets for not buying at 3K. I encourage them not to wait anymore but to act decisevly and invest now.

Yeah.. gosh.. I don't really know how to get people out of their inclinations towards both unit bias, which seems to be part of the informational arena that contributes to their either not getting into any investment of bitcoin or getting distracted into shitcoins.  Some of the movements towards sats can maybe help in this regards, but lots of people seem to need to learn through their own explorations of their own stupid... and none of us are really immune from such, even if we have kind of grown enough into realizing the repetitive claims of the various shitcoin camps are not likely to be true, even while they seem to continue to figure out some decent new ways to be creative in their attempts to mislead people into valuing their shit projects.


TD;LR What happens now is a natural growth because of the lack of supply. The average Joe is much more informed now and prefers to buy and hodl and not to gamble on exchanges.

I am not trying to denigrate average Joes, but there are tendencies that average Joes have to attempt to short-cut matters and to take their own path, etc. etc. etc...

I just don't conclude that they learn that easily... and for that reason I still am inclined to believe that we are going to have at least one more pump of shitcoins, scams, ICOs etc etc.. Sure, I would prefer for it NOT to happen, but I just don't know how people all of a sudden become smarter and start to do the right thing rather than gambling on crap.

There are some psycological barriers like 20K, 50K, etc. but with time each of them will fall. 286 days before the halving and nothing to be afraid of. Buy and hodl!

$20k is not really a barrier... but there should be some resistance between here and sub-$20k-ish.. Maybe in the $17.5 arena..?  Perhaps also the next area of resistance that might be a psychological barrier might be $50k to $70k arena... then of course, after that will be $100k... and surely I am hard-pressed to even attempt to get into specifics about what could happen because we have to see how slow or fast the price gets there and also how many corrections there are along the way.. including how much time those corrections play out... Surely fractal patterns can  be decent guidelines in terms of levels of reasonableness and even measures like the Mayer multiple can give some decent indications about whether the current BTC market is in an overbought or oversold territory and provide some ideas about the sustainability of such price levels (even though that is not a given either, just a kind of reference guide).
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August 05, 2019, 07:59:52 PM

A new recession will be the true test of bitcoin's market resilience. It will also determine what % of the market cap is currently propped up by Wall Street. As bitcoin is the highest risk of the high risk investment class

Shitildah accidentally admitted that Bitcoin is a pump and dump scam and measures up horribly against anything on Exter's pyramid like silver and gold.

No, it is not a pump and dump. it is a single organization pump and dump.
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August 05, 2019, 08:31:07 PM

A new recession will be the true test of bitcoin's market resilience. It will also determine what % of the market cap is currently propped up by Wall Street. As bitcoin is the highest risk of the high risk investment class

Shitildah accidentally admitted that Bitcoin is a pump and dump scam and measures up horribly against anything on Exter's pyramid like silver and gold.

No, it is not a pump and dump. it is a single organization pump and dump.
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August 05, 2019, 08:32:15 PM
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Haha, love that!

Us looking at our cold storage stash in 2022.





Btw, this is a reason why we BTC Cheesy
$$$BALLN OUT OF CONTROL$$
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August 05, 2019, 08:48:45 PM

Money makes you think twice on who you let into your life.
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August 05, 2019, 08:50:12 PM

The ones who miss out will become even more hostile.  We know about FOMO, but we may have only experienced the start of HFMO (hatred from missing out).
https://twitter.com/NickSzabo4/status/1157693376898064384?s=20

Cheesy indeed, r0ach is a perfect example Cheesy
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August 05, 2019, 08:50:35 PM


Haha, love that!

Us looking at our cold storage stash in 2022.





Btw, this is a reason why we BTC Cheesy

FFS Cheesy

Is that Vod, by the way Grin
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August 05, 2019, 08:52:19 PM

^
That gif really made me laugh Smiley
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August 05, 2019, 09:07:32 PM


I could buy a few but I’d have 0BTC left Cheesy
To buy a Lambo you’ve probably got to have 10 x that kind of money elsewhere to justify it. You’d look like a bit of an ass hole in a modest house with a Lambo on the drive.

I suppose you could get any girl you want though pulling up to the club driving your Lambo, just take her to a hotel instead of home after Cheesy

I guess we'll all have to sacrifice either time or money and choose between a young (middle-aged) man with a modest house and with a Lambo on the drive and an old fart with a mansion pulling up to the club in a Lambo  Grin Grin Grin
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August 05, 2019, 09:14:50 PM
Merited by Globb0 (10), Majormax (1), Raja_MBZ (1)

OMG I can"t believe that I'm about to turn in my resignation letter to the government tomorrow after I decided to go all in on Bitcoin and Blockchain technology.

I'm scared, nervous, excited, and happy all at once. No guts no glory.

Hello Crypto revolution!



https://twitter.com/TheCoinDad/status/1158209187178012672?s=20


I have to say, i'm not advising people to do exactly this..... But F*** I do say don't take this mainly BTC investing to soft cause you might regret....

For me and imo the rule of only invest what you're willing to lose applies more on the sh*tcoins (ALT-coins)

I do not believe to "only buy BTC with what you're willing to lose, cause for me buying BTC= winning big time"

I don't say buy, lay back and tomorrow you be rich, No no noooo... keep working keep creating wealth, but to buy pieces of BTC with that cash flow, also keep learning reading everyday and try to use BTC where and when you can.....

Srry, but for me the time of saying only invest what you are willing to lose = over


Now, I say... buy to be safe !!!!!!!!!
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August 05, 2019, 09:23:11 PM

@jchervinsky
Bitcoin is doing exactly what it's designed for today:

- Fed cuts interest rates, making money cheaper
- China devalues yuan, escalating currency war
- Dow falls 760 points, losing January 2018 highs
- Bitcoin rises 7.5%

If you're surprised, you haven't been paying attention.

https://twitter.com/jchervinsky/status/1158474753427963904?s=21
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August 05, 2019, 09:27:02 PM

Stocks today -



Crypto today -

Credit - https://twitter.com/axelunlimited/status/1158485039128035328?s=21

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ESG, KYC & AML are attack vectors on Bitcoin


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August 05, 2019, 09:31:44 PM



Finally, you are saying something that kind of makes sense, B1tUnl0ck3r, which I interpret as a kind of visual "wwwwwweeeeeeee"

yeah, I know, I sprayed you with too much guidestone, softkill agenda, pedoscam...

At least your stupid ass bot or whatever the fuck you are seem to be self-aware enough to realize that you are spouting out a lot of mumbo jumbo that is not even worthy of repetition... it is like you are trying to string too many ideas together.. which probably is a purposeful aim of yours.  I like the lil piggie, though.    Cheesy Cheesy Cheesy Cheesy

It's the saw that even a dweeb hits a correct point every once in a blue moon, or maybe even more frequently if s/he/it plays the numbers game. Embarrassed
JayJuanGee
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August 05, 2019, 09:37:23 PM

Money makes you think twice on who you let into your life.

You had some bad experiences?

Of course, when you have no money and you have no assets of any kind, you likely tend to be more risk taking and also you tend to be more radical in your politics, including redistribution because you have a tendency to conclude that the status quo does not have much if any value (at least from your personal perspective)..
JayJuanGee
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August 05, 2019, 10:15:23 PM


Haha, love that!

Us looking at our cold storage stash in 2022.





Btw, this is a reason why we BTC Cheesy

FFS Cheesy

Is that Vod, by the way Grin

hahahahahaha


Surely would be funny to lure (or troll) Vod into this thread and to test his level of bitcoin dedication.   I cannot recall him ever posting in this thread.  Hm?
JayJuanGee
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August 05, 2019, 10:23:27 PM

OMG I can"t believe that I'm about to turn in my resignation letter to the government tomorrow after I decided to go all in on Bitcoin and Blockchain technology.

I'm scared, nervous, excited, and happy all at once. No guts no glory.

Hello Crypto revolution!



https://twitter.com/TheCoinDad/status/1158209187178012672?s=20


I have to say, i'm not advising people to do exactly this..... But F*** I do say don't take this mainly BTC investing to soft cause you might regret....

For me and imo the rule of only invest what you're willing to lose applies more on the sh*tcoins (ALT-coins)

I do not believe to "only buy BTC with what you're willing to lose, cause for me buying BTC= winning big time"

I don't say buy, lay back and tomorrow you be rich, No no noooo... keep working keep creating wealth, but to buy pieces of BTC with that cash flow, also keep learning reading everyday and try to use BTC where and when you can.....

Srry, but for me the time of saying only invest what you are willing to lose = over


Now, I say... buy to be safe !!!!!!!!!


I will say, Mic, that the point with this kind of action should not really be so much about how much to invest, but rather about whether how much that a person has already invested has given that person enough security to be able to have reached a certain level of fuck you status.

Of course there are levels of fuck you status, and surely some people want to get freed from some of their JOB obligations before they have even achieved full fuck you status.

So, in some sense, an investment of "time" into BTC (or it seems to be a bit more a convoluted "crypto" concpet with this guy?) does become an additional aspect of investment that the guy might believe will pay off enough that he can move away from a current income stream that he does NOT consider to be as self-fulfilling as bitcoin/crypto.
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August 05, 2019, 10:32:35 PM


Haha, love that!

Us looking at our cold storage stash in 2022.





Btw, this is a reason why we BTC Cheesy

FFS Cheesy

Is that Vod, by the way Grin

hahahahahaha


Surely would be funny to lure (or troll) Vod into this thread and to test his level of bitcoin dedication.   I cannot recall him ever posting in this thread.  Hm?

Vod is very, very wealthy from bitcoin. I’d say only possibly Bob or another person (who I won’t name as he may not want me to) are on a similar monetary level as Vod.
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August 05, 2019, 10:43:30 PM

A few hours ago PlanB tweeted:
Quote
China / Hong Kong situation is Cyprus ^ 2: mass capital exodus (think trillions $). China devaluating CNH > 7$ #bitcoin 🚀🚀🚀
https://twitter.com/100trillionUSD/status/1158226096325705728?s=20


Well, things are going south:
USD CNH:
https://www.fxstreet.com/news/usd-cnh-rallies-to-fresh-highs-as-us-treasury-calls-china-as-currency-manipulator-201908052232

USD HKD
https://www.bloomberg.com/news/newsletters/2019-08-05/currency-manipulator

Quote
Crypto Calm
Investors looking for a place to hide are finding an unlikely safe haven: Bitcoin. Securities such as sovereign bonds and gold rose as China fired back in the trade war, but so too did major cryptocurrencies. They're increasingly seen as a refuge during distressed times, with Bitcoin gaining more than 14% and smaller peers including XRP and Litecoin each rising more than 5%. The Swiss franc led G-10 currencies on traditional haven buying, which also sent gold higher.


I think this is the main reason behind this green move.

Trump said China is Devaluing FX and playing unfair..
WOW
Who was the first to play with currency starting QE?

Go bitcoin GO!

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