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Question: What happens next?
$7,500 - 51 (64.6%)
$9,500 - 28 (35.4%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21435047 times)
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erre
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October 18, 2019, 04:20:03 PM

Took THC Cannabis Oil yesterday & spent most of the day like a cabbage, fuck that is some weird shit man.

Never again!

Still feel weird now. Observing sub 8k Sad
Like a cabbage. I'll steal this!  Cool

Oral route is a wild thing. It takes a little more to get thresholds effects, but once that line is passed, you're in for a looooong ride. There are a few people who actually enjoy that, but at least in the sample population of my stoner friends, it's a definite minority. Worse than psychs IME.

Sounds good I only see CBD which seems to undermine the point of it for me

What is wrong with CBD on its own ? I've learned to enjoy the "body-relaxing" qualities, that leave me clear-headed.

I’m sure CBD is fine. The THC oil is like some kind of mushroom or acid trip, never ingesting it again man. I have 5 bottles though, might use it on my skin or in the bath or something.
You could probably also use it to make your own edibles (depending on what exactly your oil contains). Concentrates make for fairly easy pinpoint dosing.

Yes! A few drops in a latte or something require little or no cooking and can give a humanly bearable stone for only a few hours.

On the other hand, Baudelaire used to gulp down like 3 grams of the good stuff and then off to the theater. They didn't have Marvel back then, but I suspect it all looked like Spiderman 14: The Vortex to them. 72 hours straight could easily break a lesser spirit.

Thc build up your tolerance fast. That's what's happening in the USA market, with people dabbing pure thc and so on... imho this is not a sane behavior, and could lead to some damage long-term (and a second ban of the relatively harmless cannabis).

Baudelaire used to ingest black hash with a 10-20% thc content, not pure oil or extract.

CBD is the "good" part of cannabis, it has some anxyolitic and antipsychotic properties (contrary to thc), but to feel an effect you have to ingest like a gram or so (according to clinical trials), so it can get really expensive.

The classic edible experience;

T+0:00 subject ingests recommended dose

T+0:30 no effects felt

T+1:00 still nothing, did I get ripped off?

T+1:30 this shit is bunk, WTF, subject eats remaining product

T+14:00 still curled in fetal position behind freezer in the garage... DEAR GOD MAKE IT STOP!!!

Lol...this reminds me of my juvenile experience with lsd blotters  Cheesy
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October 18, 2019, 04:27:39 PM

Baudelaire used to ingest black hash with a 10-20% thc content, not pure oil or extract.
3 g of oil or extract can probably flatline an elephant  Cheesy

The classic edible experience;

T+0:00 subject ingests recommended dose

T+0:30 no effects felt

T+1:00 still nothing, did I get ripped off?

T+1:30 this shit is bunk, WTF, subject eats remaining product

T+14:00 still curled in fetal position behind freezer in the garage... DEAR GOD MAKE IT STOP!!!
Seems like jojo has some interesting experiences under his belt too  Wink

Lol...this reminds me of my juvenile experience with lsd blotters  Cheesy
I call myself lucky - never had such from L or other psychs. Just curious: how much are we talking about?
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October 18, 2019, 04:28:22 PM
Last edit: October 18, 2019, 04:46:33 PM by makrospex

"A friend of mine" Wink Wink

SWIM is a busy person.

True story. But i wasn't perfectly detailed about "a friend": It was my girlfriend  Roll Eyes
While i was in pittsburgh at IBM for a week. Otherwise she would have had a driver with a car to take her home Grin
I'm glad i missed this, i would have tried it myself. I was way more sensitive to THC than her.
She could never stand that taste again, by the way.

EDIT: I saw the btc dip in the morning, that was exactly what i was feeling about yesterday. Same constellations as before the last dip: Similar low volume, short green 1d candle, short red 1d candle in a narrowing bollinger band, the red candle breaking slightly below the lower BB boundary and boom. See the cryptowatch screenshots i posted yesterday...
If it also drops a few hundred within 24h, i'm gonna be fine with that. Approaching rebuy zone 3... 2... 1...  Smiley

EDIT2: And leave some comment about my SOMA analysis, if possible #nohomo
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October 18, 2019, 04:35:38 PM
Last edit: October 18, 2019, 05:10:20 PM by jojo69


Seems like jojo has some interesting experiences under his belt too  Wink


I have no idea what you are talking about.  I am basing my statements purely on national reporting.

https://www.huffpost.com/entry/maureen-dowd-tries-marijuana_n_5442224
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October 18, 2019, 05:12:39 PM
Merited by JayJuanGee (1)

Just Buy & Hold Smiley


Source Twitter: @ChartsBtc
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October 18, 2019, 05:14:50 PM


The classic edible experience;

T+0:00 subject ingests recommended dose

T+0:30 no effects felt

T+1:00 still nothing, did I get ripped off?

T+1:30 this shit is bunk, WTF, subject eats remaining product

T+14:00 still curled in fetal position behind freezer in the garage... DEAR GOD MAKE IT STOP!!!

Lol...this reminds me of my juvenile experience with lsd blotters  Cheesy

It kinda should...  amazingly (how would I know?) there may be less visual etc craziness, but the headspace, intensity and duration can be right on par.

Truly not for the faint of heart.
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October 18, 2019, 05:21:41 PM

Just Buy & Hold Smiley


Source Twitter: @ChartsBtc

This is the best graph I've ever saw for bitcoin probably. According to this chart there was never a bear market.  Tongue None. I wonder what the next candle will look like. Red? Green? Tall? Short?
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October 18, 2019, 05:21:55 PM

Interesting...Lump sum beats DCA about 68% of the time.

https://shitcoin.ninja/post/2019/10/comparing-bitcoin-investment-strategies/

Quote
We created a simple trial comparing lump sum to the strategy of investing in the same amount monthly over a year, and found that lump sum still won ~67.9% of the time. Even the arbitrarily reduced dataset showed that Lump Sum beats DCA 60.8% of time.

DCA is still way the fuck more practical for the vast majority of peeps.

Most of us already know that a large number of peeps cannot even come up with a few hundred dollars for an emergency.

Therefore it is way the fuck better for them to invest regularly, as if they were buying a coffee or an extra bag of groceries or whatever and then just forget about it for 5 years or more.

Obviously, if someone doesn't have a lump sum, then they cannot invest a lump sum.
They simply analyzed all possible scenarios.
One conclusion could be that in life it is better to have an investable lump sum than DCA as it simply opens up more investing options, clearly.
Heck, one can even borrow such a lump sum-a risky path that I don't condone, but in some situations it works. I used it a few times, more than a decade ago, when market was strong and you only paid 0-2% to borrow. Now cc companies boosted the borrowing % to 4-5% and it does not make sense anymore. Getting personal loans from the bank is possible, but you need to have a cash flow present to justify such loan.
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October 18, 2019, 05:25:39 PM

Poloniex not what it was, but news is it seems it's been sold (and bought) again.  Backing out of US market, but 'dropping spot trading fees to 0%' until EOY...

Bland, upbeat press release FYI:

https://medium.com/circle-trader/poloniex-spins-out-from-circle-with-new-backing-global-focus-5a19357bdaee
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October 18, 2019, 05:27:52 PM
Merited by BobLawblaw (1)

Just stopping in to say the bitcoin price is shit.

That is all.
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October 18, 2019, 05:28:02 PM

I would love to open a weed shop in Germany when it becomes legal. Maybe even integrate blockchain payment.

What is blockchain payment?  Something new?

I heard it was released in 2008 or something.

You can use it for pizza. Smiley


Something really fishy about this hodling-related item https://imgur.com/gallery/E5Hr3Wo

https://i.imgur.com/oW8orBL.mp4
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October 18, 2019, 05:38:53 PM

Just stopping in to say the bitcoin price is shit.

That is all.

Physical silver barbarian
I dump on JayJuanGees longs
Bitfinex implodes
JayJuanGee's life savings gone

So many physical physical silver bars
Cryptobimbo thinks I'm a movie star
You got 19?
I got that many laying in my yard

Log onto Coinbase
I aint goin for it
Burn in hell with the Jews
Crash your seastead into a walrus
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October 18, 2019, 05:45:33 PM

Poloniex not what it was, but news is it seems it's been sold (and bought) again.  Backing out of US market, but 'dropping spot trading fees to 0%' until EOY...

Bland, upbeat press release FYI:

https://medium.com/circle-trader/poloniex-spins-out-from-circle-with-new-backing-global-focus-5a19357bdaee

Maybe I can get my fucking coins back!

I think they are dumping it to get ahead of the lawsuits.
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October 18, 2019, 05:57:50 PM
Merited by BobLawblaw (1)

Good afternoon WO!
Observing @ $7,934
Under $8k but it really does not matter.

Just more of ‘filling up the rocket’.

That's what it looks like to me. Bitcoin is the only one with strong support.
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October 18, 2019, 06:00:29 PM

Good afternoon WO!
Observing @ $7,934
Under $8k but it really does not matter.

Just more of ‘filling up the rocket’.

That's what it looks like to me. Bitcoin is the only one with strong support.

And when the truck brakes all the alts go flying off & only bitcoin remains there. Looks about right!
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October 18, 2019, 06:05:42 PM

Good afternoon WO!
Observing @ $7,934
Under $8k but it really does not matter.

Just more of ‘filling up the rocket’.

That's what it looks like to me. Bitcoin is the only one with strong support.

Ummmm... That looks like BTC is one small pothole away from opening the tailgate and depositing everyone on the road.
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October 18, 2019, 06:07:48 PM

Interesting...Lump sum beats DCA about 68% of the time.

https://shitcoin.ninja/post/2019/10/comparing-bitcoin-investment-strategies/

Quote
We created a simple trial comparing lump sum to the strategy of investing in the same amount monthly over a year, and found that lump sum still won ~67.9% of the time. Even the arbitrarily reduced dataset showed that Lump Sum beats DCA 60.8% of time.

DCA is still way the fuck more practical for the vast majority of peeps.

Most of us already know that a large number of peeps cannot even come up with a few hundred dollars for an emergency.

Therefore it is way the fuck better for them to invest regularly, as if they were buying a coffee or an extra bag of groceries or whatever and then just forget about it for 5 years or more.

Obviously, if someone doesn't have a lump sum, then they cannot invest a lump sum.

Well, they could save up until they do have a lump sum, and then end up using that lump sum on something stupid, which is what a vast majority of peeps do if they do not employ some kind of dollar cost averaging into an investment (whether bitcoin or some other investment)... that is part of the reason that so many people (especially americans according to credible statistics) do not have shit.  They both have lack of will power to invest (save) into anything, and the main thing that they have is their house, and they frequently end up borrowing against that too (if they are given that option).


They simply analyzed all possible scenarios.

Of course, and analyzing all scenarios frequently shows that dollar cost averaging is a fucking powerful tool.  Of course, if people run into lump sums or then they should attempt to exercise that option prudently, in the event that is available to them.

My first years in BTC was based on both lump sums and DCA and buying on dips.  But anyhow, if peeps do not have time to figure out what the fuck to do, then they can engage in DCA in the meantime until they figure it out.

Another aspect with DCA, there needs to be a certain amount of conviction to the long term prosperity of the underlying asset, and also accomplished with amounts that are meaningful, which still means that people need to do some work to make sure that their finances are in order and to pay off higher debts first and don't be leveraging or gambling too much, but also putting enough stake in the game that it can make a meaningful difference.

Of course, if person A only had $1k per month of income, which only really results in about $100 that possibly could be invested into bitcoin, then that person might only end up prudently being able to conclude to invest $20 to $50 in bitcoin... that surely is discretionary.  On the other hand, if someone has $6k to $10k a month, then that person should be able to figure out some kind of budgeting arrangement that allows them to invest several hundred, if not the area of thousands per month into bitcoin or whatever other various allocations of investments that the person should be attempting to make... and the more investment that someone has, then the more investment options they have, including lump summing... that might not even be available for so many other normies.. and that is part of the reason that DCA is so powerful for so many people... but they still should be attempting to think about their investment matters somewhat and making sure that their finances are somewhat in order so that they do not have to dig into their BTC investment at some inopportune time... which is also frequently a BIG ask, if people do not make sure that their finances are somewhat in order.

One conclusion could be that in life it is better to have an investable lump sum than DCA as it simply opens up more investing options, clearly.

Of course, if you have options then you have options.  DCA is for the vast majority of peeps, and even those with options should be able to figure out ways to employ DCA to their advantage rather than trying to wait for perfect timing which might cause them to fail to act rather than starting on employing a prudent plan right away, that most likely should involve DCA in order to be prudent.

Heck, one can even borrow such a lump sum-a risky path that I don't condone, but in some situations it works.

Nothing wrong with that if you know how to do it in a way that is not too much gambling.  People can leverage money that is available to them.. that is for sure.   NOT everyone has those tools available to them.

Also, usually it is better to use leverage to engage in investing or business activities, and not in consumption or buying of depreciating assets, which is frequently what a lot of people do.... so for example it might be really stupid to mortgage your house to buy a Mercedes or bmie or Lambo when you really need a Honda, Hyundai, Toyota or Ford, and you could afford a decent utility and practical vehicle that is even a few years old, such as a a Honda, Hyundai, Toyota or Ford, without mortgaging your house.. and you could even buy more bitcoins if you are more prudent with your budget, etc etc.



I used it a few times, more than a decade ago, when market was strong and you only paid 0-2% to borrow.
 

I have used it before too, and it is surely not as easy as pure DCA, but it can be used to supplement DCA and also to ensure that you can pay it back before any penalties kick in... and yes, it can be very profitable tool, if you know how to use it to profit, and if you are able to handle some of the complications of projecting your cashflow in such a way that you are not having an emergency 12 to 24 months when the thing might become due on a balloon basis.

Now cc companies boosted the borrowing % to 4-5% and it does not make sense anymore. Getting personal loans from the bank is possible, but you need to have a cash flow present to justify such loan.

Of course, the terms of even paying a higher percentage can still make some sense depending on  how it is used, but it might not be necessary if you cannot justify the costs of the loan.  Of course, if you ensured to earn more money than the interest and you can handle the complication(s), then it would make sense, and bitcoin would not necessarily be one of those vehicles, but if there are ways to finagle money flows then borrowing some money can supplement other monies that you have and allow you to invest more in BTC (or something else perhaps) than you otherwise would have been able to accomplish in a strict save and wait manner. 

Another good thing about bitcoin that has not really been available to normies and traditional investment has been abilities to invest really small ass amounts and even a few dollars a day or whatever.  Probably a lot of us have known people who have difficulties holding onto any money.  I remember that for several years, I used to sell a product (a combination goods and services) to a guy, and he seemed finicky as fuck when i first met him, but as I got to know him, he pretty much revealed his personality problems to me, and he seemed like the kind of guy who easily got taken advantage of.  He would frequently tell me, when getting an update on his product/services, that he wanted to pay me as soon as possible and while he had the money because otherwise he would spend the money on something else.
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October 18, 2019, 06:26:53 PM

Damn, Bitcoin Needs More Cowbell for Price and Adoption!

https://www.youtube.com/watch?v=cVsQLlk-T0s

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October 18, 2019, 07:01:12 PM

What's up WO Bullish speculative masters, missed us? Wanna change your mind about us pumping BTC to +$35,000.00?

(Y) or (N)

Love ya all still the same Tongue

Nobody here is going to be against @35K, so go for it... . No need to ask!  Wink Wink Wink
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October 18, 2019, 07:01:58 PM
Merited by Ludwig Von (1)

What's up WO Bullish speculative masters, missed us? Wanna change your mind about us pumping BTC to +$35,000.00?

(Y) or (N)

Love ya all still the same Tongue

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