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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26366037 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.)
FullNode
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February 20, 2020, 08:54:04 AM

The force of gravity does not exist Cheesy
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 Wink
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February 20, 2020, 09:09:19 AM


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.
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February 20, 2020, 09:18:34 AM
Merited by bitebits (1)


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.....
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February 20, 2020, 09:59:14 AM
Last edit: February 20, 2020, 12:18:07 PM by El duderino_
Merited by fillippone (2)

shakeout b4 breakout



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

 Grin Cheesy Grin Cheesy

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February 20, 2020, 10:13:32 AM
Last edit: May 16, 2023, 06:36:06 AM by fillippone


My body is ready.

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February 20, 2020, 10:25:08 AM

Good morning WQ!
Observing @ $9,628
Balls aching 😜
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February 20, 2020, 10:28:53 AM

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]

It sounds like I'm manipulating your dreams. Tongue

+2 WO's merit

#

Observing $10,140

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



I hold LFC personally responsible for the Bart.

I was actually going to post "me too" until I quoted & saw DeathAngel.
Nothing beats The Searing Indicator though. Grin

+1 WO's merit

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shakeout b4 breakout

+1 WO's merit
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February 20, 2020, 10:39:24 AM
Merited by LFC_Bitcoin (1), bitebits (1)

Oh it wasn't a real bet, don't be silly, just a joke really. god. anyway i don't have that kind of money any more, it all went in a goating accident a while back. god. you people shouldn't take yourselves so seriously, nerds.anyways i let my cousin's friend use this account soemtimes so you just don't know what you're talking about..
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February 20, 2020, 10:49:30 AM

Iike this nonsense more than the previous nonsense.
Hey, I found our friend, just can't remember his name, must be something wrong with my memory Wink
But I recon this woman's with the wrong colored folk


Max Headroom

*sigh*  Cry
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February 20, 2020, 11:05:37 AM
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Funny, those are the first things I would skip to not have to spend my bitcoins.

Depends on where you're at in your Bitcoin 'journey'. If he were spending BTC obtained in December 2017 that would be a very different deal to BTC obtained in 2012/13. In that scenario I'd very happily get rid of a portion to make today a more pleasant place and I've done the same myself.

I've spent plenty and have tat and experiences I otherwise would never have had. I'll be a vegetable and then dead soon enough. I'm not going to sit in the dark denying myself everything until some mythical price level.

Some of my spending in the depths of 2015 has been appalling but I have very few regrets about it in the main.
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February 20, 2020, 11:10:02 AM

Oh it wasn't a real bet, don't be silly, just a joke really. god. anyway i don't have that kind of money any more, it all went in a goating accident a while back. god. you people shouldn't take yourselves so seriously, nerds.anyways i let my cousin's friend use this account soemtimes so you just don't know what you're talking about..
What's up brother! @V8
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February 20, 2020, 11:14:15 AM

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

Quote
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?
Everyone had the same option. For once, perhaps for the only time in a lifetime, there was an investment opportunity with no doorkeepers. We told people about it. Family members, friends, strangers on the internet. We were enthusiastic like little kids at christmas eve. And most people either ignored us or tried to talk us out of it, or even tried to sabotage us in some cases.

Everyone had the same opportunity. And you get what you fucking deserve.
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February 20, 2020, 11:18:47 AM

Oh it wasn't a real bet, don't be silly, just a joke really. god. anyway i don't have that kind of money any more, it all went in a goating accident a while back. god. you people shouldn't take yourselves so seriously, nerds.anyways i let my cousin's friend use this account soemtimes so you just don't know what you're talking about..
What's up brother! @V8
How's it going dotclub my main man? The usual suspects are bullying me as always, trying to extort money over some long-forgotten joke. Same as ever, really, the weak gang together to prey on the meek you know.
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February 20, 2020, 11:29:55 AM

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:

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February 20, 2020, 11:39:47 AM
Merited by JayJuanGee (1)

ewwwwwwwwwwwww Voorhees
total spaz
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February 20, 2020, 12:02:59 PM
Merited by El duderino_ (2)

Coinbase VISA - I’m an early adopter, had it 3 weeks  Cool

(Covering my name)

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February 20, 2020, 12:08:21 PM

Remind me, which exchange was it that stole a third of what people had there?
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February 20, 2020, 12:09:59 PM

Remind me, which exchange was it that stole a third of what people had there?

Bitfinex.

Coinbase is "legit". Until it isn't. I don't see much problem in loading some/little to the card as you are going to spend it.

Of course, consider you will be insta-flagged as a crypto hodler and your expenses reported.

Also, as much as I like the design of the card, I don't like how it screams crypto hodler here every time you use it IRL!

Good alternative for spending anyways. Will probably order one when I am ready to start spending. Perhaps in a few months if everything goes well.
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February 20, 2020, 12:16:16 PM

Alrighty, got my scammy exchanges mixed up. Out of curiosity, is that coinbase visa thing good for europeans?
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February 20, 2020, 12:18:51 PM

I only got it in preparation for the next epic rise. I’ve only spent £100 worth of corn on it.

HairyMaclairy was giving some good advice a few weeks back. He told us to be a fucking boy scout, open as many bank accounts as you can, get registered on loads of exchanges, be prepared for the next bull run because it’s going to be life changing.

I’m KYC’d & ready for unlimited withdrawals on -

Localbitcoins
Stamp
Coinbase

I’ve got a Bittrex account, I’ve now got 4 fiat current accounts. I am ready!
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