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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26353813 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. (174 posts by 3 users with 9 merit deleted.)
Icygreen
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October 09, 2019, 05:20:17 PM


 EDIT: ^ sue me  Wink
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 09, 2019, 05:20:18 PM

Agreed. Raise MAX_BLOCK_SIZE!!1!1!!!

Alright, m8.  Got you covered.  It's called physical silver, gold, and copper.  Block size is infinite, tokens are fungible, and it even has pruning, which noobs in Bitcoin couldn't get to work.

R0ach, curious to know what your thoughts are on the upcoming Taproot/Schnorr soft fork and it's application to Bitcoin fungibility.
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October 09, 2019, 05:24:15 PM

Wow... still no Vegeta meme today so far.

I guess some or sitting tight with some Vegeta’s Cheesy
rdbase
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October 09, 2019, 05:30:31 PM
Last edit: October 09, 2019, 05:42:19 PM by rdbase

I'm just glad I sold all of my bitcoin and bought all rights to the Vegeta 9000 meme.
So every use of the vegeta 9k meme goes towards the elwar foundation fund? Undecided

perhaps a leg up in advance of a  good Bitcoin  ETF decision from SEC this week, due by Friday for Bitwise?  Wouldn't get our hopes up but they feel they are closer than ever...

ETF decision is due by  Oct 13th, which is a Sunday - so  I'd expect it by Friday 11th as last business day available.
An interesting little thread about how we think it will unfold sunday/monday next week. Embarrassed
https://bitcointalk.org/index.php?topic=5191337
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October 09, 2019, 05:38:40 PM

Yo Bob! Maybe you'll be able to solve your cashing out dilemma soon? JJG's advice seems pretty spot on to me: little anxiety, no pain.

[partially edited out]


I have JJG on ignore for reasons mostly dealing with maintaining my sanity. Did not read his opinion..... [partially edited out]

........Ok, went back and read JJG's post, looking through his post history... blah blah blah... Anyway, yes, he does make a solid case for cashing out in chunks over a period of time, but, I think the recent decision to not do anything next time we cross $10k, already having access to any liquidity I need for day-to-day living, and wait for mid-late 2020 closer to Ricks retirement will pay-off, should we decide we need a cash injection at that point. YOLO... and shit. Would rather HOLD longar, if I have a choice.

EDIT2: We had a recent hot-water heater issue/replacement/repair that ended up costing less than 1 BTC to resolve (and sheetrock repair after a slower water-leak was discovered two days later) that left me asking Jah and The FSM (RAmen. May his noodly appendage touch you all) if I was alright to handle any emergency expenditures. I hate doubting myself and the plans I've executed. Need to learn how to remain more calm. Damnit.

Pretty much I respond to substantive points, if they interest me, and/or if I believe that they might be decent talking points, including that some of the talking points are ones that a lot of readers of this thread (even active participants) might be going through, but they might not have presented some of their own personal details. 

So, yeah, even if I might find some of your (Bob's) emotional swings to be a bit annoying, and surely I acknowledge that you do not necessarily read my posts (which is only quasi-relevant in my thinking), but the specificity that is presented through your own turmoils can often be quite helpful as a talking point for others because, even if you might conclude that some of the perceived tragedies are only happening to you, they are also happening with several other people, even if the amounts might differ or the causal factors likely vary, too.

So, whether you (Bob) read my responses or not, guys (and maybe gal) can also sometimes get confirmation that the practice that they follow is comparable to mine or differs from mine for reasons x, y or z, but it still possibly allows for a brainstorming over how to deal with what many of us have already determined to be nearly inevitable BTC volatility that sometimes goes in anticipated directions (over the long term), but over the shorter term can really cause considerable stress.  Nonetheless, if we attempt to employ mechanisms to lessen our own psychological and/or financial stresses, then we can sometimes also both benefit from the volatility, and perhaps spend more time on some of the other areas of life that either bring us pleasure or that we have to deal with (which also can be taxing on both our psychology and our finances).

For sure, when guys (and gal) implement their own strategy(ies) to have both cash-on-hand and bitcoin that is staked in the game, they want to figure out what is comfortable for them in terms of their preparations for possible emergencies.  And, yeah, of course, sometimes we know that some emergencies, such as your hot water heater issue, is almost inevitable to happen, even if we don't really know the specifics, so we either have to have cash on hand that can deal with those kinds of issues or be ready, willing and able to cash out whatever portion of our BTC stash in the event that we had chosen to keep our value in BTC rather than in dollars.

Several times, I had mentioned my own situation in November 2018.  From about February/March 2018, I knew that sometime in late 2018, I was going to have some pretty BIG bills in dollars coming in to me, and I had thought that I had adequately prepared for such situation by holding a decent amount of fiat in reserve out of anticipation of my quasi-known expenses.  However, when the actual bills came in, they sort of all came in at once in a way that was outside of my anticipation in that there were both cost overruns as well as some likely lack of preparation from myself in terms of how much fiat that I had kept on-hand to deal with such quasi-known expenses. 

So, in some sense, I kind of failed (at least way the fuck underperformed in my own assessment) in following my own btc/dollar practices, and yeah, what timing that came with an additional 50% BTC price fall from supra $6ks to nearly $3k (that happened pretty quickly but started on about November 15), and I ended up having to cash out about 4-5% more of my BTC stash at an inopportune time in a BTC price range that was in the $3,800 to $4,200 arena.  Over the next 4 months - between December and March, I was able to buy back some of those sold BTC (perhaps about 30-35%), but I have been still kind of kicking myself mentally regarding how I can learn from my own underperformance in terms of my already existing BTC strategies and the situation that was in front of me and how my kind of over-exposure and unrealized expectations (a kind of gamble that I did not sufficiently calculate that I was engaging in) that BTC prices would stay above $6k during the expected time in which I might have needed some additional cash. 

By the way, when I cashed out my about 4-5% more BTC than I had wanted to, part of that cashing out was to prepare for the possibility that BTC prices might dip even lower, even considering extreme possibilities of as low as sub-$2k, so even though in mid-to-late November, I likely had enough cash on-hand to cover my then quasi-expected and overblown expenses, if I had spent all of my cash on those particular expenses, I would have been totally fucked if BTC prices had gone below $3k and even worse fucked if they had gone below $2k.. so I felt that I had to cash out the amount that I did for those eventualities (that as we know did not end up going below $3,122).
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October 09, 2019, 05:48:57 PM

ooh congrats hv_ hero member notbad.

Thx Vssssssss
8s are good start for power and big cars / blocks, nice
I m sure u are no Tesla fan, right?

True old V8 ers are legends
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October 09, 2019, 05:55:16 PM

And as far as BSV is concerned, well let's not. Its been proven an outright scam by this point and there's nothing left to be said.

Defend your statement. In what way is BSV -- the blockchain, the payment system, and the protocol -- a scam?
Icygreen
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October 09, 2019, 05:55:56 PM

Agreed. Raise MAX_BLOCK_SIZE!!1!1!!!

Alright, m8.  Got you covered.  It's called physical silver, gold, and copper.  Block size is infinite, tokens are fungible, and it even has pruning, which noobs in Bitcoin couldn't get to work.

R0ach, curious to know what your thoughts are on the upcoming Taproot/Schnorr soft fork and it's application to Bitcoin fungibility.
I'll cover for him. Today is a special day for r0ach, he's finally reaching puberty and is attending his bar Mitzvah at his local synagogue. This is the message I was bestowed to deliver.

"Craptocurrency, no schelling point, kikes jews, silver silver silver, bitfinex scammers and cuckolds."  

Congrats r0ach, pizza pocket gaming party in mom's basement today!

But really, @g-uid   We do our best not to quote that stench however I think you were being sarcastic.  Wink
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October 09, 2019, 05:56:07 PM

I'm just glad I sold all of my bitcoin and bought all rights to the Vegeta 9000 meme.

You mean you did not lose it all in an unfortunate seasteading accident?
El duderino_
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October 09, 2019, 06:14:57 PM

I have a strong feeling the Bitwise ETF is gonna be approved before Sunday

What would that mean if approved?
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October 09, 2019, 06:17:59 PM

I have JJG on ignore for reasons mostly dealing with maintaining my sanity.

Shrewd move

Okay that's the reason.

Ass hole Fatty. Have Mia in your imagination when you wank. I really think you need a fuck to blow out the things inside you.

Fuck off, you nauseating little fart nugget! ignored

And to the rest of you. It was a wrong that needed to be righted. Adam is a fucking hero and all-around great guy and deserves to have his stamp on his creation.

At least the right wing nutters of old could take some talking to. Who knew that the 2017 recruits of semi-fascist assholes were a bunch of snowflakes and delicate flowers?


El duderino_
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October 09, 2019, 06:19:11 PM

Equities are at/near all-time highs.

Bonds all-time highs.

Real estate all-time highs.

Venture Cap/PE all-time highs.

Precious metals multi-year highs.

...All made possible by QE.

A compelling argument can be made that BTC is the most undervalued asset in the world today.
https://twitter.com/Travis_Kling/status/1181960926687158274?s=20
Fatman3001
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October 09, 2019, 06:21:20 PM

I'm just glad I sold all of my bitcoin and bought all rights to the Vegeta 9000 meme.

You mean you did not lose it all in an unfortunate seasteading accident?

dude, be kind to Elwar

the world needs people like him

our intrepid Bitcoin explorer/pioneer
El duderino_
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October 09, 2019, 06:21:34 PM
Merited by _javi_ (1)

16K ocT canT waiT 🚀


https://twitter.com/moonshilla/status/1181945772176285696?s=20
nutildah
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October 09, 2019, 06:24:22 PM

And as far as BSV is concerned, well let's not. Its been proven an outright scam by this point and there's nothing left to be said.

Defend your statement. In what way is BSV -- the blockchain, the payment system, and the protocol -- a scam?

Don't try to make this an argument of semantics when you know full well what I'm referring to. That's weak sauce.

Its a fork of a fork being peddled by two of the biggest charlatans in the crypto space as "the real bitcoin." It is not. Its a copy of a copy of somebody else's invention by a man who is claiming it to be his own.

CSW is a conniving pathological liar who sold the whole premise of his coin based on the lie that he is Satoshi Nakamoto. He is not. He doesn't know what Satoshi wanted from a hole in the ground.

You can continue to believe otherwise and we will continue believing that you are some sort of weird cultist.

As it is unlikely that Craig will be able to pull any more rabbits out of his ass and Coingeek won't be able to publish them, there is no reason why this coin will ever regain any of its former price.

There's already a big block experiment: BCH. Why wouldn't big blockers just stick with that one?

You guys really shot yourselves in the foot during your whole civil war ordeal.
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October 09, 2019, 06:24:43 PM
Merited by Globb0 (4)

Wink




or



Pfffff  good memories  Shocked

rdbase
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October 09, 2019, 06:33:48 PM

I have a strong feeling the Bitwise ETF is gonna be approved before Sunday

What would that mean if approved?

With so many denials over the years this one is much antcipitated to make it through. The counsel which were discussing about it didnt spend but 15 minutes to make a decision so they didnt have enough substantial reasoning to have it approved at the time without any major institutional entities coming forward. But now with bakkt and bitwise coming into play they cant come to that conclusion this time around.
More can be read on how these two will make an impact on the decision come sunday/monday.

https://beincrypto.com/bitwises-bitcoin-etf-expected-to-be-approved-in-less-than-a-week
https://cryptobriefing.com/bitcoin-etf-bitwise
Fatman3001
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October 09, 2019, 06:36:39 PM

CNBC report on the Bitwise ETF:

https://www.youtube.com/watch?v=h8FSrq-X1Ms

I seriously doubt that it will be approved. Nothing has changed with the market since the other denials.
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October 09, 2019, 06:52:06 PM

Well it ain't Bitcoin, but it is at least of some academic interest:

https://electriccoin.co/blog/halo-recursive-proof-composition-without-a-trusted-setup/

The Electric Coin Company (you know - Zooko's Zcash guys) have found a way to eliminate the trusted setup vector. Well, if the research stands up to scrutiny, anyhoo.
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October 09, 2019, 06:54:53 PM

I'm just glad I sold all of my bitcoin and bought all rights to the Vegeta 9000 meme.

You mean you did not lose it all in an unfortunate seasteading accident?

dude, be kind to Elwar

the world needs people like him

our intrepid Bitcoin explorer/pioneer

No slight intended. If Elwar took offense, I guess I need to recalibrate my sarcastometer.
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