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

[JayJuanGee]

but then i figure if folks like me we not actually using bitcoin what good is it?

so, no regerts.

Fuckin' a dude.

If nobody uses said commodity for its intended purpose, it is indeed no different from a Ponzi scheme. I can't help but think if there was more people with your mindset, Bitcoin would have arrived to a greater degree within the mainstream than it currently has. However, it is doing just fine, so hodlers HODL on, if you must.

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

If you are in the accumulation phase of your bitcoin, then any spending of bitcoin should be obviously considered as having a replacement (a subsequent buy).

Once you get to your maintenance or liquidation phase, then you are likely to have a bit more flexibility, which might allow you to  consider the size and/or portion of your bitcoin a little bit differently, and surely maintenance means what it's name implies.....

In other words, no matter what phase you are in, you should be considering how you are spending your money in terms of gresham's law, and of course, spending the worse monies first, and if you are really depleting the size of your bitcoin holdings because of spending, then you likely have invested too much into bitcoin....   I am not saying that there is NOT any value in spending bitcoin, and I have spent some and found some value in trying to play around or figure out the bitcoin ecosystem in that direction... ... and so spending bitcoin would merely amount to whatever it's dollar value at the time, and so who fucking cares if it would add up to a $million right now.. because you still have to live, and most people can only stock so much away into investing, anyhow.

Surely, any of us who have the ability or the actual fortune to have an income that is greater than our living expenses should feel grateful to be able to do that, but we are still tasked with trying to figure out our own budgets and figuring out how much to live within our means including the value of deferred gratification, when possible.   So, yeah, it makes way more sense to be living it up with a lot of luxuries maybe including buying cups of coffee when you can make it much cheaper without loss of quality and when you have a lot of extra value coming in versus if you are in a stage of setting up your investments, including if you are in a BTC accumulation stage.

[JayJuanGee]

I actually LOVED it,

Good good, here's how I pictured it:

Oh my!!!!!!!!

The above does not paint me in a very good light. 

so embarrassing.

[JayJuanGee]

[edited out]

JJG I am delighted that I have had the opportunity to make you so happy. And myself as well. Truly a win-win.

Now I just need to get that fuck V8 to pay up.

Oh yeah... i had lost track about the exact ending date of such bet, which seems to have unambiguously ended on the 19th.. .

I recall that V8 had wanted the date of the bet to run one year from the time that the bet was made, which seemed kind of long, but reasonable, too, and so yeah, I was able to find the series of posts (below)

Seems like it should not be a problem to receive payment from V8 within a few days of the ending of the time-period of the bet, and of course, there could be reasons that reasonable delays of payment could happen, too.

Actually, the amount of .012 BTC did NOT really seem to be too much at the time, but surely we consider that the price of BTC has gone up nearly 3x, so the amount does seem like a bit more, when thinking about it currently.

 

re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...

Agreed.  If the Bitcoin price falls below US$3,122 on Bitstamp (or if Bitstamp not available for any reason, Bitcoinaverage Global Bitcoin Price Index USD) at any time prior to 20 February 2020, then Hairy will pay V8 BTC0.012.  If the Bitcoin price does not fall below US$3,122 prior to 20 February 2020, then V8 will pay Hairy BTC0.012.   


Propose to lock in current LTC exchange rate of approx BTC0.012 (Bitstamp) to keep it simple.  Please quote above if amenable.

Agreed. It's a bet. Good luck Mr. Maclairy.

Good luck Monsieur De La V8s

[serveria.com]

[edited out]

JJG I am delighted that I have had the opportunity to make you so happy. And myself as well. Truly a win-win.

Now I just need to get that fuck V8 to pay up.

Oh yeah... i had lost track about the exact ending date of such bet, which seems to have unambiguously ended on the 19th.. .

I recall that V8 had wanted the date of the bet to run one year from the time that the bet was made, which seemed kind of long, but reasonable, too, and so yeah, I was able to find the series of posts (below)

Seems like it should not be a problem to receive payment from V8 within a few days of the ending of the time-period of the bet, and of course, there could be reasons that reasonable delays of payment could happen, too.

Actually, the amount of .012 BTC did NOT really seem to be too much at the time, but surely we consider that the price of BTC has gone up nearly 3x, so the amount does seem like a bit more, when thinking about it currently.

 

re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...

Agreed.  If the Bitcoin price falls below US$3,122 on Bitstamp (or if Bitstamp not available for any reason, Bitcoinaverage Global Bitcoin Price Index USD) at any time prior to 20 February 2020, then Hairy will pay V8 BTC0.012.  If the Bitcoin price does not fall below US$3,122 prior to 20 February 2020, then V8 will pay Hairy BTC0.012.   


Propose to lock in current LTC exchange rate of approx BTC0.012 (Bitstamp) to keep it simple.  Please quote above if amenable.

Agreed. It's a bet. Good luck Mr. Maclairy.

Good luck Monsieur De La V8s

Wup wup congrats Hairy! Being a bull pays off! 

[ChuckBuck]

- The mass escape from China has begun through unpatrolled borders. Thousands of people have escaped to Vietnam from the Guangxi border.

I can correct a bit about this, because I'm currently working here, a little concerned about the news. This escape took place, but it was unsuccessful because Vietnam had tightened the border, they lined up with thousands of people and asked to cross the border, however, they were not allowed. Anyway, Vietnam is still doing its job well. I saw this news more than 7 days ago. About a thousand people wanted to cross the border but failed 

[NeuroticFish]

This dip came perfectly for me. Now it can go back to 10k+, I don't mind.

[HairyMaclairy]

Thank you JJG for that burst of WO history.

Wup wup congrats Hairy! Being a bull pays off! 

Being a bull in the world’s greatest bull market pays handsomely.

[OutOfMemory]

I actually LOVED it,

Good good, here's how I pictured it:

Oh my!!!!!!!!

The above does not paint me in a very good light. 

so embarrassing.

Don't you care what other people think of you 
But if you didn't do so, watch the movie. The character your nick was overlaid next to on the screenshot is the most noble one in this masterpiece.

I had a bad dream tonight. Peter Schiff wanking off hard to r0ach inserting a buttered gold bar into his emergency exit door, while Mnuchin was secretly watching from outside, lubing up a big red silicone dildo with balls in the shape of the dollar sign. This was already hard, but seconds after waking up, i was checking the BTC price to calm myself down a little, and that's where the real nightmare was starting. I hope i am still dreaming while typing this into WO.... [insert vomit emoticon here]

[serveria.com]

I actually LOVED it,

Good good, here's how I pictured it:

Oh my!!!!!!!!

The above does not paint me in a very good light. 

so embarrassing.

Don't you care what other people think of you 
But if you didn't do so, watch the movie. The character your nick was overlaid next to on the screenshot is the most noble one in this masterpiece.

I had a bad dream tonight. Peter Schiff wanking off hard to r0ach inserting a buttered gold bar into his emergency exit door, while Mnuchin was secretly watching from outside, lubing up a big red silicone dildo with balls in the shape of the dollar sign. This was already hard, but seconds after waking up, i was checking the BTC price to calm myself down a little, and that's where the real nightmare was starting. I hope i am still dreaming while typing this into WO.... [insert vomit emoticon here]

#nohomo

[JayJuanGee]

HOW MUCH BITCOIN YOU NEED TO BE IN THE RICHEST 1% OF BTC HOLDERS

According to the BlockWorks Group analyst, you only need 0.28 BTC to be in the top 1% richest of the world (in BTC terms).

No more than 5-10 million people will ever own a full Bitcoin

This naturally implies an unfair distribution of the wealth as “whales, hodlers, nations and institutions” hold the lion’s share.

  Bitcoin is distributed perfectly fairly based on the time, effort and passion each person put into acquiring and holding their share.  The only natural implication here is that most people ignored Bitcoin until it was too late for them to afford their "fair" share.  Do people get paid to write this tripe?

Xhomerx10...  The official: "WO party poop of the day."

Don't you realize, homer, that us early(ier) adopters with .28BTC or more want to feel MOAR better about our lil selfies and our decision to get into BTC... and therefore, appreciate that we are part of an "elite" class and there are lot's of peeps who have less BTC than us...? actually 99% of peeps....   

[P_Shep]

Observing $10,140

Only 82 days until the halvening, things are looking good.

I hold LFC personally responsible for the Bart.

[P_Shep]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

If you are in the accumulation phase of your bitcoin, then any spending of bitcoin should be obviously considered as having a replacement (a subsequent buy).

Once you get to your maintenance or liquidation phase, then you are likely to have a bit more flexibility, which might allow you to  consider the size and/or portion of your bitcoin a little bit differently, and surely maintenance means what it's name implies.....

In other words, no matter what phase you are in, you should be considering how you are spending your money in terms of gresham's law, and of course, spending the worse monies first, and if you are really depleting the size of your bitcoin holdings because of spending, then you likely have invested too much into bitcoin....   I am not saying that there is NOT any value in spending bitcoin, and I have spent some and found some value in trying to play around or figure out the bitcoin ecosystem in that direction... ... and so spending bitcoin would merely amount to whatever it's dollar value at the time, and so who fucking cares if it would add up to a $million right now.. because you still have to live, and most people can only stock so much away into investing, anyhow.

Surely, any of us who have the ability or the actual fortune to have an income that is greater than our living expenses should feel grateful to be able to do that, but we are still tasked with trying to figure out our own budgets and figuring out how much to live within our means including the value of deferred gratification, when possible.   So, yeah, it makes way more sense to be living it up with a lot of luxuries maybe including buying cups of coffee when you can make it much cheaper without loss of quality and when you have a lot of extra value coming in versus if you are in a stage of setting up your investments, including if you are in a BTC accumulation stage.

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

[dragonvslinux]

To follow up on yesterdays TA, we currently are breaking down from the head & shoulders pattern with a close below the neckline.

...Bare in mind, we are above the VPVR point of control support at $9,785, with strong volume support around $9,300 level....

I have however channel the parameters of my parallel channel as I'm not convinced this bullish channel is invalidated yet*, especially now the 200 MA on the 4hr is also providing support.



We did find support from the VPVR point of control around $9,300 as expected, but this level will need to hold to avoid falling to the 50 or 200 Day MA (dotted lines).

For reference sake, this is the sort of "unclean" bullish channel I'm thinking could remain intact given the current correction:



A fall below the 200 MA would very much invalidate this outlook and would increase the likelihood of re-testing the 200 Day MA and longer term VPVR control. Still bullish.

[bitebits]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

[...]

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

Funny, those are the first things I would skip to not have to spend my bitcoins.

[FullNode]

The force of gravity does not exist

Define "exist. I wonder sometimes if gravity is a force outside of our universe that leaks through our universe manifesting itself through mass.

Would explain why it is so damn weak.

In the ball(,)(,)ns is the answer

[JayJuanGee]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

If you are in the accumulation phase of your bitcoin, then any spending of bitcoin should be obviously considered as having a replacement (a subsequent buy).

Once you get to your maintenance or liquidation phase, then you are likely to have a bit more flexibility, which might allow you to  consider the size and/or portion of your bitcoin a little bit differently, and surely maintenance means what it's name implies.....

In other words, no matter what phase you are in, you should be considering how you are spending your money in terms of gresham's law, and of course, spending the worse monies first, and if you are really depleting the size of your bitcoin holdings because of spending, then you likely have invested too much into bitcoin....   I am not saying that there is NOT any value in spending bitcoin, and I have spent some and found some value in trying to play around or figure out the bitcoin ecosystem in that direction... ... and so spending bitcoin would merely amount to whatever it's dollar value at the time, and so who fucking cares if it would add up to a $million right now.. because you still have to live, and most people can only stock so much away into investing, anyhow.

Surely, any of us who have the ability or the actual fortune to have an income that is greater than our living expenses should feel grateful to be able to do that, but we are still tasked with trying to figure out our own budgets and figuring out how much to live within our means including the value of deferred gratification, when possible.   So, yeah, it makes way more sense to be living it up with a lot of luxuries maybe including buying cups of coffee when you can make it much cheaper without loss of quality and when you have a lot of extra value coming in versus if you are in a stage of setting up your investments, including if you are in a BTC accumulation stage.

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

Fair enough.   I don't necessarily want to prejudge the situation of any participant here in this thread, and of course, there is going to be a decent amount of variation between the financial status and even personal circumstances (or limitations) of various members in this thread for a variety of reasons.
 
By the way, I also recognize the desire to treat yourself once in a while, and sometimes those treats are necessary (even psychologically) and sometimes they are not.  There might be areas that can be cut more, but then other times, there might not be any area that can feasibly be cut... or like you are suggesting, you are already NOT able to really treat yourself very much at all.  

Also, sometimes cutting could jeopardize your health in terms of quality of food or nutritious foods versus some foods that might be cheaper but they might cost you more because they are not good for your health.... which might go to the quality of foods of eating out versus eating in, and yeah, if you don't really eat out too often, then you may have already come to realize those kinds of savings...

I have frequently argued that BTC will also be a prudent choice for very poor people who cannot save very much money, but surely even in those situations, the poor person should not want to end up in a position in which s/he is having to spend BTC at a loss... so hopefully, at least, any time that any person is cashing out small amounts of BTC, s/he is at least cashing those portions out at a profit... and even better if s/he is cashing out at a time of his/her choosing rather than being forced into cashing out merely because s/he over-extended and bought too much BTC at the wrong time.

[El duderino_]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

[...]

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

Funny, those are the first things I would skip to not have to spend my bitcoins.

Meh, I do understand P_shep, if some things can bring joy in your life then you gotta do some of those things.....

[El duderino_]

shakeout b4 breakout



https://twitter.com/cryptobull/status/1230262003010297856?s=21

 

[fillippone]

shakeout b4 breakout



https://twitter.com/cryptobull/status/1230262003010297856?s=21

 

My body is ready.

[BitcoinGirl.Club]

Good morning WQ!
Observing @ $9,628
Balls aching 😜