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

[Cryptotourist]

I mentioned my doubts above. If you can't find them still, go to my account and see my last posts. My doubts are still in place. Nothing really has changed there.

I had my chance to buy back from 4.5k didn't do it. If it goes back to 4.5k again, won't do it again.

I am back to my roots. Win small but risk small.

So i forgot it. Nothing unusual, unfortunately.
My nick gives a hint to my fate 

At least you seem anything but greedy. I honor that a lot in people 

It is not a matter of greed, it's a matter of achieving your goals in life, and having financial freedom.
So no.

If I wanted to win big without losing anything, I wouldn't buy bitcoin at all.

I would buy shitcoins with my $50/week. (risk/reward ratio is through the roof compared to bitcoin)

Okay that's it, fuck off man.

[Wekkel]

....(risk/reward ratio is through the roof compared to bitcoin).

That’s where Maximalists are going to miss out. Big Time.

[Raja_MBZ]

[mindrust]

Look at this shit.


"Holy God. We're About To Lose Everything" - Pandemic Crushes Overleveraged Airbnb Superhosts

If I had too much money around, I would become one of these guys that overinvested in AirBNB thing.

Diversify and stay cash mostly. I should repeat this to myself everyday because looks like I am not the only one who has memory problems.

[Globb0]

I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800?

True, Laszlo's pizza is significant in the history of Bitcoin - but that is a random thing. As opposed to him being the very same guy who coded up the first (known) GPU miner. Which of course is a much more significant accomplishment.

Mindrust is just an unfortunate misguided chump who panic sold.

The difference is Laszlo probably still had many, many bitcoin’s. mindrust sadly became a NOCOINER due to his misguided cowardice.

This is a picture of Lazlo ordering a couple pizzas via the lightning network.

Umm...  Look at the marble fireplace?  Look out the window...

Does this look like the property of a guy who didn't have some BTC left behind after the famous pizza purchase?    (I couldn;t afford his BLINDS)

Aside of bitcoin, Imagine the number of times he has ben called on to tell the story. Interviews areticles. I bet he did alright even only from that.

[Globb0]

@mindrust, you should know a bit better with the words if it goes to zero.... to many strong hands and fundamental believers....

I hope you will invest a bit and at least buy a full BTC to HODL, start some DCA again and stay interested.
I do understand the feeling of being over invested isn’t easy to live with, but nothing comes easy in life.

Buy btc cause you don’t trust the current system, buy btc for financial freedom and don’t let fiat wealth be the main factor...

Cheers and be safe and happy with your decisions

Leave him. We have to go now.


Sorry buddy here is a gun with a few bullets. Hold em off if you can.

[Globb0]

I was thinking yesterday quite a bit...about whats going on in the world and specifically about bitcoin and its current price action. All of a sudden I had one of those moments of clarity that you strive for but so rarely come across.

I was thinking about the price correlation between bitcoin and legacy markets and all the negative economic news that will be coming down the pipe over the next 6 months as the world adjusts to post covid-19. I started to think about what if bitcoin was unable to de-couple and gets dragged down in the huge inflation crisis that is already baked into fiat and has been exacerbated by this pandemic. I wondered what my reaction would be if bitcoin fell below $5k...and kept falling...down to $3k...and maybe..maybe it got really bad...like total collapse..how would I handle it?

Thats when I had the epiphany. I realised that even if bitcoin fell down to $1k...or less...even down to $100 dollars..I would continue to do what I have been doing for the last 8 years...keep stacking sats. Then the moment became crystal clear for me..even if the price tried to go to zero..it never would. And when I say never...I mean that...bitcoins value will never be zero. If it drops down to a dollar or less...I would buy as many as I could...if it kept dropping..I would buy all of them. Yes...all the coin..I would scoop them up just to have them..just to say 'Look at me!  I have all the coins now!  I win!'

Now..maybe this is a character flaw...maybe Im a little bit nuts..but hand to God..in that moment of clarity..I knew it to be true...without a shadow of a doubt.

Then my keenly focused subjective reality expanded outwards...and I thought...'Well sheeeit'...there are at least 20 to 30 other crazy mofo's that I know personally who probably have the same plan. They will be trying to scoop up cheap coins by the bucket load if ever the price really tanks..its just not going to happen, I wont be able to get all of them...dammit.

The profound sense of relief that rushed through me was almost indescribable and was followed by a relaxed sense of euphoria that is still reverberating throughout my soul.

As the moment faded..more thoughts poured through my head. Out of the 8 billion people on this planet..I wondered if 21 million of us could or ever would put the value of a bitcoin at 7 figures or higher. Could there be enough other crazy ass fools out there who would pay almost anything to keep at least a million of their wealth secured by a bitcoin. I felt the answer shift from possible..to probable...and then to likely on large time scales. In terms of decades it seems almost certain...and with how things are going...maybe sooner.

Just my two sats for the day.  #dyor
tc

#stronghands

WOW that's it for me out of Merit. So unusual for me, I could hardly give it away last few months.

Quality is up here.

[julian071]

OMG some guy I used to work with called me today to ask "how to buy BTC". Sell now!!

[Toxic2040]

the noon wall report

The Bears are crushed at the $8k wall..incurring massive casualties and are now in the midst of a full treat. Bullish forces have pressed the advantage with a massive sortie all the way to the heavily defended gates of Vegeta where they were eventually repulsed by strong Bearish resistance. The Bulls have since withdrawn to the $8.6k to $8.7kish levels to consolidate and set up defensive barricades as there is sure to be more sustained fighting at this critical level around $9k.  Stay tuned as this story unfolds. 

4h


That critical flare of the cloud in middle end of May has resolved into a more pleasing aspect imho. #dyor
D

#stronghands

[mindrust]

If I wanted to win big without losing anything, I wouldn't buy bitcoin at all.
I would buy shitcoins with my $50/week. (risk/reward ratio is through the roof compared to bitcoin)

 What happened to you ?
 Blink twice if you are under duress.
 I have concerns.

Why is the concern? Shitcoins are already at zero. You buy shitton of shitcoins with so little money.

Look how they performed in the last bull run:


https://www.cryptocompare.com/portfolio-public/?id=120643
That guy bought these for $10k btw. (He has a topic in this forum too can't bother to find it now. He is also on twitter, nick is HR)

You think that's impossible to happen? Well, it already happened once.

And yes that's still me. I didn't say I am buying shitcoins. (other than LTC and XMR but these are semi-shits, ltc is probably close to being complete shit. I always liked these 2 anyway.)

[Globb0]

me?

Mindrust

[Icygreen]

OMG some guy I used to work with called me today to ask "how to buy BTC". Sell now!!

Nah, . There's a ton of new interest flowing into Bitcoin as new realizations of economic uncertainty wash over the masses. Bitcoin is one of the very few places to run, your old work mate is right!  They are coming, HODL

[Biodom]

I am back to my roots. Win small but risk small.

No. Win or lose. If you are going to win, might as well win big. If you are going to lose, better not to lose anything. It is, ultimately, a choice. Are you a winner or loser?

I'm kind of thinking in the same terms. Win big, replace the wife with a harem of sluts, and live on a yacht. Or lose, and work at McDonald's until I drop dead, face first into the fryer, at age 83.

BTW, j/k about the yacht.

...not kidding about the wife, I see  

win/lose depends on a personal situation

re shitcoins-I agree with @Wekkel. You spend very little on them, you ride them into the bull and if you are smart, you sell when they go 10-100X and then you use the resulting fiat for consumption or wait a bit (if sold at the peak) and re-invest into btc. Easier said than done, but if you invest just 1% of your btc value, then it is all just 'change' either way.

[Hyperjacked]

See you homies on the moon...

[JimboToronto]

It is, ultimately, a choice. Are you a winner or loser?

That's a choice we all have to make.

[serveria.com]

I am back to my roots. Win small but risk small.

No. Win or lose. If you are going to win, might as well win big. If you are going to lose, better not to lose anything. It is, ultimately, a choice. Are you a winner or loser?

In a time like this (where everything can collapse at any moment), I count not losing as winning.

I don't care about winning big anymore. Not losing would suffice. A small win would be a nice addition.  

If I wanted to win big without losing anything, I wouldn't buy bitcoin at all.

I would buy shitcoins with my $50/week. (risk/reward ratio is through the roof compared to bitcoin)

*I am also slowly turning my bank cash to physical cash because I see signs of that my country running out of FIAT reserves. That was exactly my state in 2016-2017. All physical (gold, crypto-not on exchanges, cash)

Can't believe it... mindrust turning into a shitcoin shill... 

[jojo69]

'Crazy beast' lived among last of dinosaurs



https://www.bbc.com/news/science-environment-52465584

seems somehow familiar, can't quite put my finger on it

[JayJuanGee]

@Ridesmonster
If you don’t own bitcoin you’re a fucking loser. Period
https://twitter.com/ridesmonster/status/1254795965279551493?s=21

True?

I personally am tired of the rising popularity of the whole "Toxic Maximalist" persona.  Even though I agree with most of the ideals, and also believe some people have *earned* the right to sort of take that line.   (Giaccomo, or Tuur for example)

I actually responded to that jerk in his thread and he started talking to me like I was some dumb nocoiner.  It is vanishingly rare that I am tempted to send someone a screenshot of a wallet balance but the thought of making him realize the impotency of his "I am better than you because I have almost saved up an entire bitcoin" act was tempting.

But it is currently vogue on Twitter to just be an asshole and a good way to gain popularity/followers.

I personally respect Matt Odell's "Be humble, stack sats" philosophy/style much much more.
 
Ultimately Bitcoin doesn't give a shit.  In the end that is enough.

I have mixed feelings in regards to these ideas about toxic maximalists, and personally, I tend to be more inclined with the stay humble and stack sats approach, too, but surely, sometimes there can be some need to mix up the tone and perhaps even purposefully present bitcoin from a more arrogant (and cocky) presentation. 

I can appreciate that there can be some problems, too when any of us might end up gambling too much on UP, and for example not even diversifying our own risk while arrogantly proclaiming that others should be engaged in similar kinds of investing strategies, which involves overly investing in BTC.

My quick glance at that twitter thread sparked by Mooping causes me to conclude that the purported toxic maximalist is way the hell less toxic and way the hell less of a maximalist than he is being made out to be, because largely he labelling no coiners as losers and even suggesting that any amount of bitcoin can get you out of the "loser" category.  Sure, maybe he is talking to more than 95% of the world's population, and so I can understand people who do not know bitcoin to be on zero, but I really don't see any problem calling people losers if they fail/refuse to at least attempt to get off of zero once they know about bitcoin... maybe some people will be inspired with some negative feedback and goading... hahahahaha.. no reason to take it personally.... get out there, do a bit of research and get the fuck off of zero. 

I know a lot of losers.  Many of my friends and real world acquaintances are losers, and maybe I like them as a person and for other reasons, but they have to take some personal responsibility, and frequently I have already did my part by telling them about bitcoin and being available if they have any bitcoin questions, but they still might not have been sufficiently inspired to get the fuck off of zero (even though I would not call them losers to their face, I just do it behind their back and with my fellow coiners (which aren't too many of us)... hahahahahaa)

[serveria.com]

replace the wife with a harem of sluts, and live on a yacht.

Yeah, infofront knows how to spend that filthy fiat properly...  

[Last of the V8s]

Gold BTC Bearing Guy is proud to ride with the W.O. posse.

Gold BTC Bearing Guy is proud to ride with the W.O. posse.

Gold BTC Bearing Guy is proud to ride with the W.O. posse. 

Welcome. Your head looks a bit chilly though eh.