Bitcoin Forum
March 01, 2024, 03:17:36 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 48 (87.3%)
$48,000 - 7 (12.7%)
Total Voters: 55

Pages: « 1 ... 24708 24709 24710 24711 24712 24713 24714 24715 24716 24717 24718 24719 24720 24721 24722 24723 24724 24725 24726 24727 24728 24729 24730 24731 24732 24733 24734 24735 24736 24737 24738 24739 24740 24741 24742 24743 24744 24745 24746 24747 24748 24749 24750 24751 24752 24753 24754 24755 24756 24757 [24758] 24759 24760 24761 24762 24763 24764 24765 24766 24767 24768 24769 24770 24771 24772 24773 24774 24775 24776 24777 24778 24779 24780 24781 24782 24783 24784 24785 24786 24787 24788 24789 24790 24791 24792 24793 24794 24795 24796 24797 24798 24799 24800 24801 24802 24803 24804 24805 24806 24807 24808 ... 33082 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26316049 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. (170 posts by 1 users with 9 merit deleted.)
Arriemoller
Legendary
*
Offline Offline

Activity: 2282
Merit: 1767


Cлaвa Укpaїнi!


View Profile
September 17, 2019, 12:06:26 PM
Merited by Ibian (1)

Communism/ socialism has definitely gained popularity among the younger crowd.  Doesn't take a math genius to look at where all the new productivity gains are going to, heres a hint: its not going to hourly workers on the bottom the totem pole.  Wealth disparity is similar to what it was in the gilded age.

Wealth disparity is not the worst thing...historical forces that typically remove the disparity are much more disagreeable.
I am reading a book that systematically looked at what reduces inequality..and turns out only major wars and deadly pandemics (plaque in medieval Europe) were able to temporarily reduce inequality.

All societies "naturally'" trend toward increasing inequality in relatively peaceful conditions (over centuries).


It's called pareto distribution.

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

https://www.youtube.com/watch?v=U4GMUamUjT8
1709263056
Hero Member
*
Offline Offline

Posts: 1709263056

View Profile Personal Message (Offline)

Ignore
1709263056
Reply with quote  #2

1709263056
Report to moderator
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
hv_
Legendary
*
Offline Offline

Activity: 2506
Merit: 1055

Clean Code and Scale


View Profile WWW
September 17, 2019, 12:14:21 PM

I am also banned there. After the bullshit they were pulling, I couldn't stand anymore and went on berserk mode.

I'm glad I did. Now I can't post even if I wanted to. Let them suffocate to death.

Reddit is great shit -  useless
Arriemoller
Legendary
*
Offline Offline

Activity: 2282
Merit: 1767


Cлaвa Укpaїнi!


View Profile
September 17, 2019, 12:24:17 PM


Were you born with a silver spoon in your mouth sir?

lol

hardly


lol was it hardly stuffed in ?  Grin Grin

er...read the book (it looked over many centuries).
It does not give an answer to what is right and what is wrong and/or what is preferable and what it not.
It simply described what happened and when.
To your first statement: No, the disparity does not steadily increase. It increased for a few centuries, correct, then decreased between 1930-1940 (following WWI/WWII combo, separated by just 20 years) until 1975-1980, then steadily increased again until now.
To your second statement: yes, there not many instances where the poor move several strata in one generation.
https://www.amazon.com/Great-Leveler-Walter-Scheidel/dp/0691192677/ref=sr_1_2?keywords=the+great+leveler


Thanks I'll buy it by the end of the month. Ain't got spare cash to swat a fly atm.

Unless there's an online free / pdf / bootleg version of it somewhere, then you can let me know.

But let's not forget, its just one book from one author - and it is socio-economics, something that is very hard to predict, even when using past data as example.

Think of what happened during the black plague. I remember reading some charts about the economic impact it had on the wealthy vs poor, if I find it I'll stick it here.

Pareto distribution

https://www.youtube.com/watch?v=U4GMUamUjT8
vapourminer
Legendary
*
Offline Offline

Activity: 4256
Merit: 3411


what is this "brake pedal" you speak of?


View Profile
September 17, 2019, 01:25:43 PM

The trick here is to not get culled.

any tips?

(asking for a friend)   Grin
jojo69
Legendary
*
Online Online

Activity: 3108
Merit: 4257


1/21000000 , the only math you need to know


View Profile
September 17, 2019, 01:33:37 PM


...all true...

The only area he was unsure about was the longer term: if a supercycle 4.0 would hit and push it to a new ATH. I am calling bubble 4.0 as topped out at 14k and a new bear market has now begun. Long term the odds have dramatically increased for 20k to remain as the forever ATH.

That would entail the central banks pulling their heads out of their asses...I just don't see it.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
September 17, 2019, 01:55:42 PM

The trick here is to not get culled.

any tips?

(asking for a friend)   Grin
Be an obedient worker and keep your head down. As for me, I'm getting out.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
September 17, 2019, 01:56:44 PM


...all true...

The only area he was unsure about was the longer term: if a supercycle 4.0 would hit and push it to a new ATH. I am calling bubble 4.0 as topped out at 14k and a new bear market has now begun. Long term the odds have dramatically increased for 20k to remain as the forever ATH.

That would entail the central banks pulling their heads out of their asses...I just don't see it.
They literally can't. The entire world is bankrupt, the crash just hasn't happened yet.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2538


<<CypherPunkCat>>


View Profile WWW
September 17, 2019, 01:58:51 PM

The trick here is to not get culled.

any tips?

(asking for a friend)   Grin
Be an obedient worker and keep your head down. As for me, I'm getting out.

Mossberg.
fillippone
Legendary
*
Online Online

Activity: 2086
Merit: 15027


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
September 17, 2019, 02:00:22 PM

I am also banned there. After the bullshit they were pulling, I couldn't stand anymore and went on berserk mode.

I'm glad I did. Now I can't post even if I wanted to. Let them suffocate to death.

Reddit is great shit -  useless
except for r/nextfuckinglevel.
That's a great reddit.
jojo69
Legendary
*
Online Online

Activity: 3108
Merit: 4257


1/21000000 , the only math you need to know


View Profile
September 17, 2019, 02:03:34 PM

The trick here is to not get culled.

any tips?

(asking for a friend)   Grin

Stay away from large population centers.

Reduce dependency on centralized supply networks for water/food/power.

Do not appear to have much of anything worth taking, either by mutant biker zombies or overzealous redistributors.

Be well armed.

Develop interdependent community with other resilient households.

Avoid obvious infection vectors; the flu shot, fast food, municipal water etc.

Stock vital spares.

HODL.
bkbirge
Sr. Member
****
Offline Offline

Activity: 1197
Merit: 482



View Profile
September 17, 2019, 02:11:24 PM




Needs one extra scene where a lion runs by and grabs one of the guys getting the sunshine, you can label it "regulators".
_javi_
Hero Member
*****
Offline Offline

Activity: 967
Merit: 624


Still a manic miner


View Profile
September 17, 2019, 02:13:55 PM

Whats this crap about alts on the green and btc being tiny red?

Anon prediction about BTC dominance at 40-46%? He never said when.. but but...

VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2538


<<CypherPunkCat>>


View Profile WWW
September 17, 2019, 02:23:32 PM

CFTC Taps Coinbase Lawyer to Head Division Overseeing Bitcoin Futures

Quote
The U.S. Commodity Futures Trading Commission (CFTC) has just named Coinbase vice president Dorothy DeWitt as its new market supervisor.

CFTC Chairman Heath Tarbert announced in a press release Tuesday that DeWitt, who is also the exchange’s general counsel for business lines and markets, will be the new director of the Division of Market Oversight (DMO), the group responsible for overseeing derivatives platforms and products, including the young market for bitcoin futures.

DeWitt has also spent time at Citadel Securities, S&P Global and Davis Polk & Wardwell, and has previously been a portfolio manager.

Her new role will see her evaluating and potentially approving new bitcoin derivatives products in the U.S. DMO has examined CME, Cboe and Bakkt’s various bitcoin futures proposals in the past.

She succeeds former DMO director Amir Zaidi, who oversaw the first bitcoin futures contracts as they entered the crypto space in late 2017.

https://www.coindesk.com/cftc-taps-coinbase-lawyer-to-head-division-overseeing-bitcoin-futures
JayJuanGee
Legendary
*
Online Online

Activity: 3640
Merit: 9859


Self-Custody is a right. Say no to"Non-custodial"


View Profile
September 17, 2019, 02:42:27 PM

This is getting boring.

Only a couple weeks to Q4 and still over $10K though. The only thing I would not expect at all is the price to keep sideways for too much longer.

Anyway... this is (still) fine.

Fine does not equal boring


and


Boring does not equal fine




Not in bitcoinlandia.


Get a grip, or I am sending batman out.    Tongue Tongue Tongue      Cheesy Cheesy Cheesy Cheesy Cheesy

There was no claim of a necessary relationship between the two. Just that the two occurred at the same time.
For someone so fond of writing you're quite shit at reading.

On a different note. Nice to see you're working on that brevity thing. Could still cull some dead space though.


Don't you have some BIG blocks to promote somewhere else, fatty?   Or you want to pleasure us with your BIG block worshiping, even though in these parts, we don't give any shits about your various bitcoin attack vector predilections and wishing for onchain scaling or whatever other nonsensical talking points might be your current whining hobby in thinking that there is something wrong with bitcoin.

There you go! Reasonably short without all that dead space. Well done!

Big blocks? Yah, what can I say. Follies of youth I guess. Sure good there was nothing to worry about.

https://cryptobriefing.com/ln-nodes-lightning-network/


I suppose that it is good if you are progressing towards coming around, but I see that since you are exaggerating lack of progress with lightning network as some kind of thing that you should spend time "worrying about," you are still inclined towards hissy fits and whining over matters that are "in progress"

I suppose that bitcoin is the worst decentralized project out there, except for all of the rest. hahahahaha... Anyhow, there might be some hope for you, if you at least recognize that your BIG block nonsense has some follies,  even though you seem to be admitting such "follies" with a bit too much reservation and a bit too much "wanting to be kind of right"
JayJuanGee
Legendary
*
Online Online

Activity: 3640
Merit: 9859


Self-Custody is a right. Say no to"Non-custodial"


View Profile
September 17, 2019, 03:15:46 PM
Merited by bkbirge (1)

Bluebutts also seems to have a case of tarditus thinking JJG needs for Bitcoin to get to 100k to make money, the guy has been hodling good stash since 2014, pretty sure he is already set up well for life by the grace of our Lord and Savior King Bitcoin.

Of course, we have to take nearly everyone's assertions regarding their BTC stash or their profitability with a grain of salt; however, I would dare you to find meaningful inconsistencies in my representation of my BTC stash or my profits or even my trading practices which have remained pretty damned consistent even while tweaked and based largely on a BTC HODLing approach.


Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish.  I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.

Chances are pretty decent that many of us who have largely engaged in HODLing and accumulating BTC have done quite well for ourselves, even if we may have made some mistakes along the way.   

In my particular case, I was already pretty well off before I got into bitcoin, so the portion that I invested in Bitcoin was considered extra money on the side that I wanted to attempt to at minimum average the same as my other investments which had historically returned about 5.5% annually through the UPs and downs, even though I was also o.k. if BTC returned less than my historical investments because I was taking a chance on something that I considered to be new, interesting and a hedge (in case shit hit the fan, kind of a gold substitute). 

It took a bit more than 2 years of investing into BTC (between late 2013 and early 2016) before I really started to feel that my BTC investment was largely holding its own.  It was not quite to 5.5% profitable or better, but it was largely retaining its value in terms of how I had begun to play around with my investment (that is keeping some of my portfolio in dollars and some in BTC by selling on the way up and buying on the way down).  It took more than 3 years of my investing in BTC before I started to feel quite profitable, and hey I had some decently pie in the sky bullish scenarios that would make me quite happy with BTC prices in the $3k to $5k range, and so that was a kind of BTC has made me rich range - so currently I would assert that I am about 2-3x beyond my most bullish (while conservative) expectations.

So really any more BTC price appreciation makes me more rich, but even going down to $3-$5k, I am still rich.  So, I continue to feel decently confident in what seems to be the downside possibilities of BTC and the fact that I am doing quite well with my BTC investment, even at today's prices and even if BTC prices fall down to $5k.  On the other hand, I believe it is more than reasonable that BTC prices are going to continue to go up from here and a lot of us HODLers and accumulators are just going to continue to become more and more rich.

I doubt that anyone who rummages through my old post is going to find any meaningful or material inconsistencies from the rendition that I provided above, and sure sometimes the way that I phrase my situation my change through time, but it seems to me that anyone who provides too many details is just playing too much with fire, in terms of OPsec.  Accordingly, I believe that I have been more than generous with my details because I continue to come here to attempt to brainstorm with members about various BTC strategies and tactics, and for you fucking trolls and shills, out there, who fail/refuse to provide any of your personal details, then it is mostly difficult to take you seriously about any of your theoretical pie in the sky perspective... or even no coiner perspective regarding the supposed "future of BTC" blah blah blah.
Paashaas
Legendary
*
Offline Offline

Activity: 3391
Merit: 4277



View Profile
September 17, 2019, 03:57:31 PM
Merited by JayJuanGee (1)

Whats this crap about alts on the green and btc being tiny red?

Anon prediction about BTC dominance at 40-46%? He never said when.. but but...



This prediction means that shitcoins without any justified fundamentals shares a (multi) trillion $ market cap...

I have a hard time believing this.
Raja_MBZ
Legendary
*
Offline Offline

Activity: 1862
Merit: 1505



View Profile
September 17, 2019, 04:04:44 PM
Merited by mindrust (1)

Whats this crap about alts on the green and btc being tiny red?

Anon prediction about BTC dominance at 40-46%? He never said when.. but but...



TBH, I don't believe in Anon's predictions; however, I do believe that BTC has reached its dominance top (at least temporarily):



It's not very easy to fix a broken parabola.
jojo69
Legendary
*
Online Online

Activity: 3108
Merit: 4257


1/21000000 , the only math you need to know


View Profile
September 17, 2019, 04:14:40 PM
Merited by Raja_MBZ (1)

It's not very easy to fix a broken parabola.

JB Weld
bkbirge
Sr. Member
****
Offline Offline

Activity: 1197
Merit: 482



View Profile
September 17, 2019, 04:19:44 PM
Merited by JayJuanGee (2), El duderino_ (2), vapourminer (1), Icygreen (1), VB1001 (1)

Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish.  I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.

+WO merit since I'm out of the regular, thanks for sharing your story. I had a coworker that introduced me to it maybe in 2014 or so but I didn't understand the draw, at the time it seemed overly complicated for no benefit and I wasn't looking at it as an investment vehicle just as an interesting technology. Mid 2017 I got in, shortly before the big run and that made me think I'm a genius rather than just lucky and I evangelized to my family and friends. Some of my family bought in then of course at the high. They are still holding though they haven't added to their positions, whereas I've been faithfully DCA'ing ever since. My amounts and entry point mean I probably won't become personally life-changing wealthy but I'm hopeful it will accent my retirement and provide some easing through life's ups and downs for my kid. I tend to look at it as an inter generational wealth opportunity. Though I'm a confirmed hodler I have several dream benchmark levels to encourage myself...
1. mortgage payoff
2. retirement at 80% of current lifestyle level
3. retirement at 120% of current lifestyle level
4. kid's entire college tuition
5. kid's entire college tuition at a top tier school through grad school
6. retirement at 120% level before I hit actual retirement age
7. medical emergency care fund equivalent to 2x mortgage payoff
8. being able to do the same for my family
9. own first hotel on the lunar surface

VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2538


<<CypherPunkCat>>


View Profile WWW
September 17, 2019, 04:31:54 PM
Merited by JayJuanGee (1), bkbirge (1)

Bitcoin Trading: 7 Tips to Detach Your Emotions From Your Portfolio

Quote
Acknowledge fear vs. greed
Failing to plan is planning to fail
Treat trading like a business
Never watch the scoreboard
Know when to trade
Trade with the proper size
Have a life outside of trading

https://cointelegraph.com/news/bitcoin-trading-7-tips-to-detach-your-emotions-from-your-portfolio

The last is the most important, be it a trader or a Hodler.
Pages: « 1 ... 24708 24709 24710 24711 24712 24713 24714 24715 24716 24717 24718 24719 24720 24721 24722 24723 24724 24725 24726 24727 24728 24729 24730 24731 24732 24733 24734 24735 24736 24737 24738 24739 24740 24741 24742 24743 24744 24745 24746 24747 24748 24749 24750 24751 24752 24753 24754 24755 24756 24757 [24758] 24759 24760 24761 24762 24763 24764 24765 24766 24767 24768 24769 24770 24771 24772 24773 24774 24775 24776 24777 24778 24779 24780 24781 24782 24783 24784 24785 24786 24787 24788 24789 24790 24791 24792 24793 24794 24795 24796 24797 24798 24799 24800 24801 24802 24803 24804 24805 24806 24807 24808 ... 33082 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!