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

[bkbirge]

Well Boris is smarter and better human than trump.

Not a high bar to get over.

[Raja_MBZ]

https://www.youtube.com/watch?v=IKiAndhswhU

[mindrust]

https://www.youtube.com/watch?v=IKiAndhswhU

That video is golden. Too good.

Why don't people go nuts? This is pretty much the evidence of USA interference with the UK elections!  

edit: OMG $9979, this is the last day you'll see bitcoin under $10k boys!

[fillippone]

Essential text for beginners to understand why Bitcoin matters: "The Bullish Case for Bitcoin" by
@real_vijay

https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1

https://twitter.com/Bitcoin/status/1165670171786260496?s=20

 
It’s a good read actually.
That’s why I have included that long time ago in my post:

5 Resources to teach Average Joe about Bitcoin
I might give it a little bit more emphasis using your Bitcoin words.

Edit: I totally missed you were quoting a Twitter, Mic

[JayJuanGee]

Well, i kind of suspected that the concept of multi- was ambiguous, and that is why I was a bit more conservative in my own accepted definition, which requires three....  


Right now, with current BTC prices floating around $10k, you would be floating around BTC millionnaire status with 100 BTC.  However, I would argue that you need  300 BTC, at this particular price range to proclaim multi-milliionnaire status (in terms of your BTC holdings), without engaging in exaggeration.

I understand that guys are going to differ in this matter, and I personally give more credibility to more conservative assertions.

More like 400 with these tariffs.

I'm thinking Multi must be in whole units as the general population when the term was coined were not fluent in fractions of whole numbers. Another thing I have noted is that any language that needs(critically) a term with a definition of or similar to "ambiguous" is a very poor form of communication. Intentional obfuscation is a twisted form of security and one lawyers need a even more obscure language to inflict upon us.

I don't really mind loose or ambiguous language.

Surely, sometimes a bit of loose and ambiguous is necessary for  a variety of reasons including allowing people to express their complex and frequently even irrational tendencies.   

Frequently, guys will attempt to be more rational than gals, but even in those cases, guys have their own various ways of acting and even communicating irrationally, including exaggeration.

Sometimes the topic might come up about whether someone is self made or the level of their wealth, and if they want to assert that they are better than a mere millionnaire, they might want to be somewhat conservative in their expression, especially if a lot of their wealth is held in a highly volatile asset such as bitcoin.

I don't really mind so much about someone proclaiming that a guy with 100BTC could not be a millionnaire because his wealth is only on paper, or asking questions regarding how he is going to get his dollars out  of the asset in case he really needed to get them out, but I do consider the potential fluctuation to be a potentially BIGGER problem, so if a guy has 200 BTC then he has more ability to clearly and unambiguously assert that he is a bitcoin millionaire (in terms of the dollar value, including any possible short term price fluctuation and also including any tariffs or taxes that he might have to pay, as you suggested Hueristic). 

So, yeah, I am not sure if we have to really be thinking in terms of solid units, either because otherwise we might be getting back to the unit perception fallacies of those who think that they have to own a whole bitcoin or that bitcoins are too expensive as compared with ripple or some other crap coin because of the unit price.   But, I also don't mind having a certain amount of cushion in any claim to "multi" millionnaire status, so whether the minimum threshold is met by having an amount over 2 million or 3 million or if you just like to make sure that you are the owner of the level of the wealth that you claim free and clear, you might want to wait until you have 4 million in actual bitcoin value (in terms of dollar value) and even a value that has corrected up and down a few times before you start describing yourself as a multi millionnaire in terms of the dollar value of your bitcoin holdings rather than a mere millionaire.

[BitcoinGirl.Club]

This is pretty much the evidence of USA interference with the UK elections!  

UK? I am confident that US interfere with the elections in every country except may be Russia. Possibly that is why they do not like Putin and Russians.

[mindrust]

This is pretty much the evidence of USA interference with the UK elections!  

UK? I am confident that US interfere with the elections in every country except may be Russia. Possibly that is why they do not like Putin and Russians.

Quite right, here have a cookie.

[bkbirge]

They are both K-selected. Trump more than his english counterpart. Incidentally so is Putin, Theodore Roosevelt, Eisenhower and, to some degree, Hitler. This is why they get along, and why the left all hate them.

https://www.google.com/amp/s/camestrosfelapton.wordpress.com/2017/11/04/weird-internet-ideas-rk-and-the-far-right/amp/

One re-occurring example explains a lot of the attraction of r/K to the right. Rabbits and wolves. Not actual rabbits or actual wolves but rather a mental picture these guys have of rabbits and wolves.

[vapourminer]

As I said, if I'm frozen like this I want "This person has the passphrase for 20 bitcoins memorized. Revive me, You get half" etched on my container. If the world comes where that is an incentive to revive me then I *really* want to live there.

they dont have to revive you. just your memories.

so 10,000 years from now some dude drops your brain into a MemoSeed Blitztractokator (tm) machine. which basically is a blender with some chemicals and nano tech tossed in. he blends your brain to a fine puree, the tech absorbs the memories, and stores them so AI can look for seed phrases. your brain goes to the compost pile. profit?

[JayJuanGee]

This is what I'm seeing on BTC dominance graph:



Seriously, IF this breaks down, go get some alts to further increase your BTC stash.

Hahahahahaha

It would not be very smart to be trading based on that kind of information or even deciding whether or not to play around with shitcoins based on that kind of information.

Hmmmm...mmmm....mmmmm... Not even with 10% of your BTC stash?

Well you seem to be touching on two different topics, Raja.  

One topic is regarding how much of the value of your BTC stash would you be willing to trade with, and another topic is what kinds of indicators you use to decide whether to get in or out.  Each of those are individualistic determinations, and I will let you know that I have a pretty decent proportion of my wealth in bitcoin as compared with my traditional investments (such as stocks and things like that), and I also have a very tiny percent into shitcoins.  So only about 1% - maybe 2% upon favorable fluctuations, is in shit coins, and I find little to no value in trading any kind of shit coins.

During shitcoin pumpening season in 2017, there were guys (and maybe even a gal or two) who were putting nearly all of their bitcoins into shitcoins, and they did pretty decently (on paper) as long as they figured out a good time to get out.  Some of them got burned too, because they could not figure out when to get out, so yeah, Raja, your suggestion that this is a good time to get into shitcoins based on expectations about market cap, might work out for you, but I personally believe that shit coin purging is going to continue for a quite a bit longer, but hey, I might be wrong, and surely there are a lot of arguments out there, currently, that alt coin pumpening season is coming is coming is coming, and yeah they might be right.. but then again, they might be desperately attempting to save their bag holdings of shit to stop bleeding so much, even though their bleeding is not yet close to being done.    

So, yeah, during shitcoin pumpening season in 2017, you could have thrown a dart with a blindfold and two hands tied behind your back while standing on your head, and still profited.  The opposite might be true, now, and if there is some shitcoin that is going to rise out of the ashes of shitcoins, that might be more of a matter of luck rather than any kind of ability to choose, especially if almost all of them continue to be purged... and the odds could be very much against you, in current times.

When it comes to shitcoins, I am nearly a total chicken shit, so likely I am not the right person to ask regarding any of them, because even during their outrageous pumpening in 2017, I remained sufficiently happy with my mediocre 78x return on bitcoin value (from 2015 to late 2017).

This is what I'm seeing on BTC dominance graph:



Seriously, IF this breaks down, go get some alts to further increase your BTC stash.

Hahahahahaha

It would not be very smart to be trading based on that kind of information or even deciding whether or not to play around with shitcoins based on that kind of information.

Hmmmm...mmmm....mmmmm... Not even with 10% of your BTC stash?

Certainly not if the current trend is due to the death of alts, which is a distinct possibility.

What he said!!!!!!!

[JayJuanGee]

via Imgflip Meme Generator

yeah but from whom are you stealing the quotes... ?

Attributions should be included with quotes.. not only is it NOT courteous to the original author, it is against forum rules to plagiarize  (admittedly this is a more ambiguous form of plagiarizing because at least it appears that you are implying that the quotes are not yours, due  to the fact that they are within an image)...

via Imgflip Meme Generator

See above.

[JayJuanGee]

Yeah but...bbut...how much "fighting" are we talking about here? Is he going to place tariffs on crypto transactions too? Lol

It's called tax. Or even worse he could ban it...  In America it would not be strange to put some absurd sentence on it like the death penalty.... America is a crazy country.... With a crazy leader....

Be careful what you wish for....

Trump would call it:  "a zero tolerance policy."   hahahahahaha

[Torque]

Yeah but...bbut...how much "fighting" are we talking about here? Is he going to place tariffs on crypto transactions too? Lol

It's called tax. Or even worse he could ban it...  In America it would not be strange to put some absurd sentence on it like the death penalty.... America is a crazy country.... With a crazy leader....

Be careful what you wish for....

Trump would call it:  "a zero tolerance policy."   hahahahahaha

You mean like when Trump tweeted "Our great American companies are hearby ORDERED to IMMEDIATELY start looking for an alternative to China"... and all the tech company CEOS collectively laughed, shrugged, and went about business as usual? Lol

[fabiorem]

Its good to see that bitcoin is winning over sex in the pool.

[kurious]

Ben Stokes. Winston Churchill. The Iron Duke. William Shakespeare. Margaret Hilda Thatcher. "Rum, shodomy and the lash!" , fish'n'chips, bread and butter pudding, warm beer, sinking of the Spanish Armadas, Field of the Cloth of Gold, Manchester United and Liverpool FC, 2 world wars and one world cup, the Falkland Islands, the Normandy Landings, Dunkirk
and
Ben bloody Stokes

Ben Stokes saving of the test was as surprising as you popping up again V8 - and just as welcome, even if his dashing appearance perhaps requred a tiny bit more skill.

Hope you and yours are well if you're still peeking.

On the subject of the Stokes innings...  I am not in UK - but close enough to get a dodgy radio 5 signal on a hilltop or two while I was on the road to get updates on the Headingly test, which did cheer me up far more than the price of our hallowed coin right now.

Bloody marvellous indeed.

[mindrust]

Its good to see that bitcoin is winning over sex in the pool.

Can't believe sex got that many votes. It is overrated. Gets boring pretty quickly imo.

[JayJuanGee]

Yeah but...bbut...how much "fighting" are we talking about here? Is he going to place tariffs on crypto transactions too? Lol

It's called tax. Or even worse he could ban it...  In America it would not be strange to put some absurd sentence on it like the death penalty.... America is a crazy country.... With a crazy leader....

Be careful what you wish for....

Trump would call it:  "a zero tolerance policy."   hahahahahaha

You mean like when Trump tweeted "Our great American companies are hearby ORDERED to IMMEDIATELY start looking for an alternative to China"... and all the tech company CEOS collectively laughed, shrugged, and went about business as usual? Lol

Something like that.

I surely was not implying that any such pronouncement of "zero tolerance" would be effective.

It would actually seem to be quite stupid to get into such a direct battle, but you cannot put stupid beyond the attempts of various purported "leaders," because it might seem to be the "short term" more profitable play.

[BitcoinGirl.Club]

Welcome back brother. Just noticed your post.

Ben bloody Stokes

I hear Stokes everywhere! This guys turned out to be a Legend. Fist that unbelievable innings in the World Cup final and now another one to save the Ashes. Stokes might get awarded for the Knight.

[makrospex]

Its good to see that bitcoin is winning over sex in the pool.

Can't believe sex got that many votes. It is overrated. Gets boring pretty quickly imo.

Once you know how to get past the "3-seconds barrier" in terms of duration of the male orgasm, it's actually fun again. But it depends a lot on the female counterpart (no experience with homo sex here).

[bkbirge]

https://cointelegraph.com/news/bitcoin-bombshell-libra-rivals-twitter-spats-hodlers-digest-aug-1925

In news that’s likely to send a shiver down the spine of altcoin evangelists, new research suggests that Bitcoin’s (BTC) true market dominance may have been drastically underestimated. While mainstream crypto data aggregators claim the world’s biggest digital currency has a 70% slice of the market, analysts at Arcane Research believe BTC dominance is actually more than 90%. It says market capitalization is a “meaningless measure” when liquidity isn’t taken into account, and boffins used trading volume in order to make their recalculations.

https://cointelegraph.com/news/bitcoin-dominance-is-actually-above-90-new-research-suggests

“It is notoriously difficult to compare and contrast different projects targeting different niches. [...] For crypto, one could argue that the whole idea of measuring the relative strength of different coins and tokens falsely implies a competition between complementary solutions.”