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.

Right, I mean this all makes sense to me, but at the end of the day, Bitcoin's utility is what gives it its value. Gold doesn't have value just because it is scarce, it has value because you can do cool and/or useful shit with it. If everybody just HODLs bitcoin and nobody actually uses it, then we have a Tragedy of the Commons type situation on our hands where everyone is acting out of selfish interest at the expense of the common good, which inevitably dooms everybody.

Then there's this line of reasoning which I think is also relevant:

You are making the same point twice... and quoting Eric Voorhees... and both of you are incorrect...   Fuck that bullshit.. .  

Of course, you can spend bitcoin if you like, and there are plenty of folks spending it, but there is no reason to rush into such attempting to assert that bitcoin is less valuable because you cannot spend it enough today...   Yeah, it would be nice to ask my neighbor to take some bitcoin from me, but more than 90% of my neighbors don't know what the fuck bitcoin is...

I don't give any shits, and I can spend other kinds of money until they start to catch on and they end up buying from me at $75k... or whatever is the price when they start to understand the value of king daddy...

Anyhow, if you have other kinds of money to spend, then spend that crap, first.   The spending of bitcoin and the desire to spend bitcoin will come when it comes.... and surely, if had some kind of emergency, I can cash out some of my bitcoin for that, even if the vendor is NOT going to take it directly..,. There continue to be avenues to cash out bitcoin.. at least, so far, even though there does seem to be some passive/aggressive wars on bitcoin too.. such as shutting down of Local bitcoins and such as exchanges becoming more hostile and freezing liquidation avenues.

Regarding gold having value, it likely has less value because of its various utilities like industrial uses and jewelry.. I doubt that gold has value because of those industrial uses.. even though having gold as jewelry can be a decent way to transport some value without anyone really noticing..  

Gold seems to get a decent amount of its actual value from its scarcity and durability, and sure tangibility used to be a thing with gold and to be able to show it off.. and perhaps some of that tangible value in gold might come back during an apocalypse, Armageddon or something like that, but I am not going to spend much of my energies preparing for Armageddon.  

Most of us here should realize that bitcoin's value comes way the fuck more from how valuable it is in the scarcity sense and the ongoing sound money aspects including future expectations regarding how it's various use cases and adoption will continue to increase because of its soundness.  

Sure there are some systems in bitcoin that are going to be developed and continue to be developed to allow increased means to spend or cash out of bitcoin (and maybe even awareness will make it easier to just ask your neighbor if they will accept the payment in bitcoin), which surely are good things, but still no need to rush that shit.. and let those various shitcoins take up some of that spend as soon as possible space... that is if anyone trusts to hold any of those shitcoins long enough to transact in them..  

[cAPSLOCK]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

[JayJuanGee]

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

I would not take the other side of that bet, even though I proclaimed it in a kind of trollish way.  Hey, seriously thinking, though, $3,122 might have up to a 2.33321% chance of happening in the coming few years. I am still not going to bet it, though, even if there were a way to structure a bet that allowed me to have my chosen odds. 

I was thinking though, that there could be a way for you to just delay payment, beyond expectations without having to really put anything up..  - the bossian way.     Take advantage of hairybairy being a "nice guy"  Test his limits.  I have some relatives that do that kind of shit... then no one trust them and they just continue to spiral down and down and down.  Just trying to be helpful, here.   

[Last of the V8s]

Hmm Risto's trust page is a shitshow.

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

I would not take the other side of that bet, even though I proclaimed it in a kind of trollish way.  Hey, seriously thinking, though, $3,122 might have up to a 2.33321% chance of happening in the coming few years. I am still not going to bet it, though, even if there were a way to structure a bet that allowed me to have my chosen odds.  

I was thinking though, that there could be a way for you to just delay payment, beyond expectations without having to really put anything up..  - the bossian way.    Take advantage of hairybairy being a "nice guy"  Test his limits.  I have some relatives that do that kind of shit... then no one trust them and they just continue to spiral down and down and down.  Just trying to be helpful, here.  

I guess you're right, there is that tiny chance. But I am not a betting man really.
Thank you for this advice now. Hairy can beg for his fake bet tx

[JayJuanGee]

Good morning, being above 10,000 looks good.



They say the same as us, but they go into more details.

ergo, JJG is female.

His salty cunt does qualify him for quasi-female status.

Aren't "we" (that is not "royal" we, by the way) in a bad mood today?   

[JayJuanGee]

Hmm Risto's trust page is a shitshow.

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

I would not take the other side of that bet, even though I proclaimed it in a kind of trollish way.  Hey, seriously thinking, though, $3,122 might have up to a 2.33321% chance of happening in the coming few years. I am still not going to bet it, though, even if there were a way to structure a bet that allowed me to have my chosen odds. 

I was thinking though, that there could be a way for you to just delay payment, beyond expectations without having to really put anything up..  - the bossian way.     Take advantage of hairybairy being a "nice guy"  Test his limits.  I have some relatives that do that kind of shit... then no one trust them and they just continue to spiral down and down and down.  Just trying to be helpful, here.   

I guess you're right, there is that tiny chance. But I am not a betting man really.
Thank you for this advice now. Hairy can beg for his fake bet.

Snap out of it, V8.  You appear to have been watching too many trump speeches.



You will thank me, later.   

[Last of the V8s]

@Cora
maybe we found something bitcoin doesn't fix?

[DaRude]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

Hmm there's only one way to know for sure, lets wait to see if it starts shilling monero again

[HairyMaclairy]

I can confirm that V8 is an Officer and a Gentleman. In fact, he has actively chased me to pay his dues.  Kudos. 

[kurious]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

Hmm there's only one way to know for sure, lets wait to see if it starts shilling monero again

Most of the Monero OG crowd might prefer he didn't speak for the coin, he disappeared under a cloud.  Last I saw anything about him was when the castle burned down around the time of rumours he'd gone off the rails...

[Lambie Slayer]

Lambie, I’m over 90% in the King.

I have my home & an apartment but if you don’t include them then I’m over 90% in bitcoin.

Well done sir.

[kurious]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

[Hueristic]

Hmm Risto's trust page is a shitshow.

[P_Shep]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Hmm, not yet...

[Hyperjacked]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Hmm, not yet...

It's all bs... same old same old!

[P_Shep]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!

[bitserve]

Had a Gox notification that my claim is 'agreed'. 

Seems civil rehabilitation and bankruptcy proceedings are both running.  No news on when anything will be paid out, though.  Next creditors meeting in March.

Claimants should have had a confirmation mail - do check if you are involved.

Had my amount agreed a long time ago though.

Just noticed a fairly significant OPSEC violation in the claims: Have access to all claims, names and amounts!

That's not new. Several years ago the full list of claimants/claims was published by the trustee itself. It is ok considering it is standard procedure in bankruptcy proceedings.

[JayJuanGee]

Lambie, I’m over 90% in the King.

I have my home & an apartment but if you don’t include them then I’m over 90% in bitcoin.

There are a lot of ways to attempt to categorize how much value you have invested into bitcoin versus what is your investment (or quasi-investable assets).  You have a business too, right?  I understand that some investments are not very liquid, but I think that amongst the most accurate ways to calculate your investment into bitcoin as compared with other assets is to count them all, including your home and an apartment that you own and your business. 

Sure, sometimes, you might want to shave off some of the value of certain investments if they are either NOT very liquid or if they have some encumbrances, such as a co-owner who you may have to convince to liquidate, if you were to need to.

Another calculation might be to figure out how much money that you might have that you have already dedicated to BTC.  I tend to set money aside for BTC, but I don't necessarily spend it right away on BTC, but I instead plug it into my formula that has various categories.  Let's say that I have already projected that I have $200 extra in cash coming in in March, May, July and August, and I have $500 extra coming in April and June, so that has already been plugged into my anticipated cash available for bitcoin investments and it counts in my calculating of what I have available so it would be dedicated to DCA and buying on dips.  However, for some reason during that 6 month period, I receive an extra $900 that I had not expected.  The extra $900 would be divided into 3 to buy immediately with $300 and then the other two portions of $300 would each be plugged in for DCA and buying on dips, respectively.

Also, for me, personally, I have repeated almost a zillion times to that deaf-ass diptwat, lambie bambie, that I had targeted 10% as my initial investment amount that I had largely reached in late 2014 - yet we know what happened in 2015... (largely flat prices at the bottom), so DCA had pretty much caused my own allocation to end up going into the 13% territory... and then we also know what happened between late 2015 and late 2017, BTC did about a 78x price increase, and it still did not really bottom out below 12x (to preserve at least 12x), so I personally had already decided that personally I was not going to diversify out of BTC..... so fuck that diptwat deaf-ass hears what he wants to hear lambie bambie, and I don't need to disclose anymore of my particulars, even though I continue to recommend that starting considerations during injecting new value into BTC are likely good to be focusing on 1% to 10% as a starting guideline, and with bitcoin you largely do not need to leverage or to overdo anything in order to still have a large chance of getting rich as fuck from BTC... No need to gamble, leverage or jeopardize yourself in any kind of way in order to still become rich as fuck.   

[JayJuanGee]

Is Kraken any good?

fuck Kraken in their tentacled face

-froze our account with almost no notice

-ran us through pointless KYC hoops, "support" was clueless, might as well have been flipping burgers, did not seem to believe that mining was a real thing.

-after weeks of support circular logic and being trapped in trades now gone bad due to locked account they finally figured out that the reason was that they were dropping support for our jurisdiction...a major tech heavy US state.

lost a lot of money there

Did they simply took your money and just tell you to fuck off?? :-O

I was forced to convert the entire account to BTC at a significant loss in a tight timeframe to move it off the platform.

The timing of these events was...not good.

Had "support" not had their heads fully inserted and had told us what was up at the beginning I would have had weeks to trade out in an orderly fashion...but no.

Incompetence or malice?  With Kraken you get to take your pick.  tm


I have told the story several times here, so my apologies to anyone bored by its repetition, but this account is the only revenge I get in this situation.  I am never going to shut up about it.

Repetition has never stopped me.    

[JimboToronto]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

Hmm there's only one way to know for sure, lets wait to see if it starts shilling monero again

Most of the Monero OG crowd might prefer he didn't speak for the coin, he disappeared under a cloud.  Last I saw anything about him was when the castle burned down around the time of rumours he'd gone off the rails...

I don't think anyone's heard from him since his castle burned down. I was wondering if he's still alive.

As for going off the rails, he was always somewhat "colorful". Obviously didn't GAF about opsec. Arrogantly flamboyant.