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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25460467 times)
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gentlemand
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March 13, 2020, 02:13:41 PM

The Brazilian president tested positive for our fave disease. No doubt Trump massaged his prostate during their visit a few days back. There seem to be an awful lot of politicians getting it but that's par for the course when you mingle with hundreds or thousands of people per day.
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March 13, 2020, 02:15:41 PM
Last edit: March 13, 2020, 02:38:44 PM by JimboToronto
Merited by LFC_Bitcoin (2), CjMapope (2), xhomerx10 (1)

Good morning Bitcoinland. Happy Friday the 13th.

We may be a bit lower than at this point yesterday, but with a different perspective. Instead of being down a couple of grand, we're up a couple of grand from an all-year low... currently $5748USD/$7960CAD (Bitcoinaverage).

This smells like capitulation to me. We've had former hodlers break down and sell the dip (my heart weeps for you). We had massive volume. We've had a sizeable correction back up. We had gnashing of teeth and wringing of hands. Looks like up to me.

Go Bitcoin go.

- hodl is such fkcud up

only real scale & use can fix bitcoin

- finally:

hodl: no use case

I don't think you understand what we mean by hodling.

The word was first coined by Gamekyuubi in a drunken typo-filled rant during the bursting of the late 2013 bubble. He basically said that he wasn't panic selling and was going to hodl with the implication that the price would rise again.  

It has since become a symbol of long-term belief in the importance and durability of Bitcoin. It implies that one has invested in Bitcoin for the long term and that short-term price fluctuations are immaterial.

It contrasts against tarding, which is gambling on the price of Bitcoin for the purpose of achieving fiat currency profits by buying and selling bitcoins utilizing short-term price fluctuations.

Hodling doesn't mean you don't use bitcoins.

I consider myself a hodler because most of my coins are in cold storage that I've made inaccessible even to myself without a fair amount of travel and trouble (for security reasons).

I still buy coins when I can, most recently right here in the jungle from a friend who was cash strapped and needed air fare to fly to Canada to straighten out a financial matter. She sold me back some of the coin I paid her for my first property here.

I have used coins to pay for land, dental work, musical instruments, travel, and the general costs of living an enjoyable life.

I carry a paper wallet with me when I travel with enough coin to cover an emergency and several empty paper wallets so I can sweep and return what's left over several times if necessary.

Hodling doesn't mean not using Bitcoin. It simply means not tarding.
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March 13, 2020, 02:16:15 PM

Forget BTC for a second, maybe look at oil just for the idea of scale to market moves, the price is not the most important factor to consider for a buy or hold; for a sell certainly it is relevant.  Its a downer but also price can be misleading and a troll basically.
    Saudi Arabia has a tiny cost of extraction to their oil and the refinement required to sell it is minimal, they are one of the luckiest nations of earth in this way and they have the power for moments in time to sell the oil at $10 a barrel and in theory be ok with it.   They also do require the oil barrel price to be more like $100 and the reason is they have a rapidly expanding country and their fiscal budget is not balanced properly, it needs profit not just revenue and they will be expanding that economy but it wont really be happening with such a low price.    They throw out an extra load of oil to throw off the competitors all with far higher costs incurred every day, even if this weren't to happen in a fake way like this it can occur naturally in markets anyway because people over speculate and especially with borrowed or leveraged money its subject to nasty shake out moves like we see before us.
  To some extent low energy costs benefit BTC I think, its less linked then gold mining say but its there as a cost and makeup to this price.

   What goes for oil imo goes for BTC but oil is not going to be this cheap on average over years because we have a growing world and demand is rising year to year by many populations who aspire to better themselves in a hundred different ways.  BTC is very unlikely to plunge in response to massive monetary FIAT printing and terrible fiscal budgeting and over spending, the fire sale prices for an item of use to people long term should be used to advantage not taken that the product was never valid.     I do hope we can continue to see BTC usage and capability rise so that people have less fear, because these nasty market volatile moves very likely will increase on average and the theme will repeat until the finale.  FIAT collapse (and it is boxed into that trajectory) however it occurs is going to make a mighty big splash.

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March 13, 2020, 02:22:01 PM

The Brazilian president tested positive for our fave disease. No doubt Trump massaged his prostate during their visit a few days back. There seem to be an awful lot of politicians getting it but that's par for the course when you mingle with hundreds or thousands of people per day.

That's why i heard his secret nickname is "Donald Thumb".
He can massage a prostate while squeezing both balls with two fingers each.  Shocked
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March 13, 2020, 02:25:43 PM

I also skip YouTube videos. Usually they host people that are not able to simply condense their thoughts in a couple of words or their points are boring anyway with the only solution of hiding it in a 15m Youtube talk.

Give me the printed letters or it won’t happen.

They don't get any money unless it's over a certain length.

Youtube becoming a prime conveyor of information will cause the minds of the human race to melt. I can read something in a few seconds. I'm not going to spend minutes scrolling between coughing, cursors that move like a sedated slug and yards of drivel to find the one sentence I need.

Dang there goes another of my winning ideas
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Go! BTC Go!


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March 13, 2020, 02:28:14 PM

On a lighter note, I found toilet paper - 6 hours drive from home in another country where the farmers don't panic because they're already used to feast or famine.  I'm pretty certain they still have all their Bitcoin too.

 Damn you guys typed a lot yesterday.


A 6 hours drive for TP? It would have been quicker, easier and cheaper to install a bidet.
And more sanitary.  Trying to clean your crappy crack with dry paper is barbaric.  Clean yourself with water, for chrissake.

 I always finish off with baby wipes.  Wink
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March 13, 2020, 02:34:24 PM
Merited by JayJuanGee (1)

FTX CEO: Bitcoin price might have gone to zero if BitMEX hadn’t gone offline

https://cryptoslate.com/ftx-ceo-bitcoin-price-might-have-gone-to-zero-if-bitmex-hadnt-gone-offline/
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March 13, 2020, 02:37:11 PM


50X leveraged long would have fucked you over at lightspeed...  Shocked
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March 13, 2020, 02:37:18 PM


What goes for oil imo goes for BTC but oil is not going to be this cheap on average over years because we have a growing world and demand is rising year to year by many populations who aspire to better themselves in a hundred different ways.  BTC is very unlikely to plunge in response to massive monetary FIAT printing and terrible fiscal budgeting and over spending, the fire sale prices for an item of use to people long term should be used to advantage not taken that the product was never valid.     I do hope we can continue to see BTC usage and capability rise so that people have less fear, because these nasty market volatile moves very likely will increase on average and the theme will repeat until the finale.  FIAT collapse (and it is boxed into that trajectory) however it occurs is going to make a mighty big splash.


Countered by a lowering of current and projected demand in much of the developed world, however, due to green energy targets, vehicle electrification, etc.
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March 13, 2020, 02:38:16 PM

The Brazilian president tested positive for our fave disease. No doubt Trump massaged his prostate during their visit a few days back. There seem to be an awful lot of politicians getting it but that's par for the course when you mingle with hundreds or thousands of people per day.

That's why i heard his secret nickname is "Donald Thumb".
He can massage a prostate while squeezing both balls with two fingers each.  Shocked


Are his hands big enough to do that?
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March 13, 2020, 02:41:21 PM

Well, yeah.. that is how roach started out... making a smart move to sell at $700, then just got increasingly more and moar bitter...



Another honest feeling: I feel like I am starting to look like roach by the time passes.  Grin

I would be a full-time gold freak when btc recovers from here and makes another ATH.  Grin



I am starting to change guys. Help me out.

You still like women?
What d'you think of Jews and Blacks?
You ain't r0ached yet.



Just think of rebuilding your stash little by little now.


#haiku
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March 13, 2020, 02:47:07 PM


http://www.gamblersanonymous.org/ga/
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Go! BTC Go!


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March 13, 2020, 02:56:15 PM

I always finish off with baby wipes.  Wink

Finish off with ? Dude, all I use are Cottonelle Flushable Wipes. It's like a touch of heaven for my asshole.

Took a monster dump this morning. One of those that breaks the surface tension of the water-line, and forms an island of shit in your bowl. Cashews man. Great stuff to clear me out. Anyway, 3 sheets of the Cottonelle wipes, and my asshole is left sparkling clean.

 We're on the way to another town in search of hand sanitizer.  I'll look for some of those cottonelle flushable wipes... and some cashews  Shocked
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March 13, 2020, 03:00:38 PM


Mixed feelings. I'm glad they're out. But BTC they sold will end up in some whale's wallet. Poor will stay poor, rich are going to get richer.  Cool
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March 13, 2020, 03:06:41 PM

Wow, I just realized we were down to $3.8k while I was sleeping.


If this is not the bottom...
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March 13, 2020, 03:08:09 PM

A wild guess: today is the last day to get bitcoin below $3900.

I follow Gemini, and I'm still good:

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March 13, 2020, 03:08:39 PM


Who lost faith in Bitcoin?  Grin

Today we saw the price of 4,000$, before halving we will see 14,000$.....


Bitcoin is not afraid nor market wars, nor endless printing of dollars, nor coronavirus..

BTC IS THE PERFECT SELF-REGULATORY SYSTEM!
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March 13, 2020, 03:13:38 PM

Good afternoon WO!
Observing @ $5,340

Who were panicking @$4,2xx earlier in this morning? 🤪
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March 13, 2020, 03:18:10 PM

Keep calm and where's your hat?
Sorry about this issue, I just didn't wear my hat for a while because I was in a trial signature campaign, I will bring it as soon as this campaign ends, it will take about 4 weeks (this is first week). Sorry if I let you down  Kiss
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March 13, 2020, 03:19:07 PM

The entire world is now in the risk category according to my country. Everyone being urged to get home as soon as possible. Gonna have to cut my trip short, flying back to denmark in 2 days.
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