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Question: When will we see a new ATH?
October - 3 (23.1%)
November - 3 (23.1%)
December - 4 (30.8%)
2022 - 2 (15.4%)
After 2022 - 1 (7.7%)
Total Voters: 13

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25441663 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. (157 posts by 13+ users deleted.)
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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July 26, 2020, 02:23:39 AM

The story of my brother in law, the ex-roofer - part 2.

Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"

No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story  Cry

I was going to say something about your Part 1, so I am glad that you reported back, even though the news is not good.

There are a lot of folks out there who are not going to act, even if you present them the information and give them a premium.

I had a recent thought in my head that I was going to offer to give a wedding gift that was something like 33% more if they were to accept it in bitcoin rather than cash.  It was a 26 year old male relative, so I did not mind considering offering a premium.  I had a few conversations with that relative weeks before the wedding, and I also spoke with his mom and some other relatives (close to the matter) regarding his financial situation and his ways of dealing with money.

After quite a bit of contemplation, I decided that he would NOT appreciate such an offer, so I did not even make it, and I also figured that I was going to appreciate keeping the BTC more than he would appreciate getting them.. and he would probably convert them to cash or resent having them locked up for a year (considering me to be to patronizing) if I were to use the "give bitcoin" website.

So, even though I did not know the specifics of the response of your brother-in-law, I kind of anticipated some kind of similar story... sad as that seems to be.  No coiners and/or precoiners tend to presume that we are trying to sell them something, unless either they come too the matter themselves and ask us or they are really excited about the possibility of investing in BTC.

It is still good that you made the offer, but you should be glad that you have more bitcoin because your brother in law refused to consider your recommendation and clung on to some likely misleading mainstream misinformation narratives.
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d_eddie
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July 26, 2020, 02:42:00 AM

Mess with jbreher
or encrypted filesystems
a bitcoin Sunday







#haiku
yefi
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July 26, 2020, 03:46:51 AM



Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

Idi Amin's bride outraged after discovering she did not eat enough of the man in the red shirt to be wed.
slowlyslowly
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July 26, 2020, 04:23:10 AM
Merited by vapourminer (1)



Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.
[/quote]

Idi Amin's bride outraged after discovering she did not eat enough of the man in the red shirt to be wed.
[/quote]


Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

Idi Amin's bride outraged after discovering she did not eat enough of the man in the red shirt to be wed.

I can only recognise 5 people that are my relatives. The rest must be friends of friends. Bitcoin is not their current focus but I am trying to convert them to be HODLers but they say bitcoin is stuck on $9,000 so gun trafficking is more lucrative. I had to agree.
VB1001
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<<CypherPunkCat>>


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July 26, 2020, 05:34:21 AM
Merited by vapourminer (1)


https://twitter.com/BitcoinMemeHub/status/1286243803725049856

#fuckyourmoney
bitebits
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Flippin' burgers since 1163.


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July 26, 2020, 05:55:56 AM
Merited by Toxic2040 (1)

Quote
The club of demand hitting the Bitcoin Price Ball.

Initially the Ball doesn't move, as the hit is absorbed by available supply, but the demand shock has already set in motion an irreversible outcome.

Then the price flies at high velocity.


https://twitter.com/hodlonaut/status/1285995393462018049
OutOfMemory
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IIRC


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July 26, 2020, 06:27:13 AM
Merited by JayJuanGee (1)

The story of my brother in law, the ex-roofer - part 2.

Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"

No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story  Cry

I was going to say something about your Part 1, so I am glad that you reported back, even though the news is not good.

There are a lot of folks out there who are not going to act, even if you present them the information and give them a premium.

I had a recent thought in my head that I was going to offer to give a wedding gift that was something like 33% more if they were to accept it in bitcoin rather than cash.  It was a 26 year old male relative, so I did not mind considering offering a premium.  I had a few conversations with that relative weeks before the wedding, and I also spoke with his mom and some other relatives (close to the matter) regarding his financial situation and his ways of dealing with money.

After quite a bit of contemplation, I decided that he would NOT appreciate such an offer, so I did not even make it, and I also figured that I was going to appreciate keeping the BTC more than he would appreciate getting them.. and he would probably convert them to cash or resent having them locked up for a year (considering me to be to patronizing) if I were to use the "give bitcoin" website.

So, even though I did not know the specifics of the response of your brother-in-law, I kind of anticipated some kind of similar story... sad as that seems to be.  No coiners and/or precoiners tend to presume that we are trying to sell them something, unless either they come too the matter themselves and ask us or they are really excited about the possibility of investing in BTC.

It is still good that you made the offer, but you should be glad that you have more bitcoin because your brother in law refused to consider your recommendation and clung on to some likely misleading mainstream misinformation narratives.

It's also these disbelieves, that an asset can't break the norm and gain so much more value compared to stocks or physical metals. After all, it "was just luck" or "the bubble of the century" for nocoiners afterwards. Also one of the main concerns (narratives) is the "no real value behind bitcoin", which i would translate to "no matter in bitcoin", something you can't see, weigh or hold in your own hands. Maybe if the sum of all miner hardware and infrastructure is accounted as "matter" in this case, makes it value comparable to gold, silver or a tech company like elon's version of Wayne Industries?
However, if one thinks that way, he'd be lost from the beginning. Like trying to explain gravity to an octopus.
Let's assume one day crypto will be normal, everybody will use it and buy food, clothes and toilet paper with it. Finally it will become something people "can touch".
Then it's only a minor change in perception for everybody. With the next FOMO spike there will be even more development towards mass adoption, i guess, so it's only a question of time, unless a possible black swan event occurs.

On my BiL, i have to say that i would have re-bought the amount of bitcoin i would have given him instantly, so i'd have lost only a few Sats for good.
But when the right time has come, i'll happily lend a fraction of my corn to some relatives Cheesy Cheesy Cheesy
nutildah
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Honey badger still don't care.


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July 26, 2020, 06:41:02 AM



*puts on V8s hat*

rude

*respectfully takes hat back off and places gingerly on hat rack*
hodl_2015
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July 26, 2020, 07:03:09 AM
Last edit: July 26, 2020, 08:35:48 AM by hodl_2015
Merited by JayJuanGee (1)

JUST KIDDING!!!....
I sold all my Tesla stock at $350....   fuuuuuuuuuuuuuuuuuuuuuuuuuck!!!
Kept 90% of btc, bought most around $250 with extra fiat, took some profit to buy more btc, now have a nice position in both and no fiat.
Some people recommend against my 100% TSLA stock portfolio but btc probably isn't there idea of diversification. I just like to keep it simple.

Edit: looks like btc is correcting for the dropping value of the dollar.
AlcoHoDL
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July 26, 2020, 08:36:18 AM
Merited by Phil_S (2), Toxic2040 (1)

I get a SOMA sense that a BULL run is imminent...

BULL run imminent...
Seat-of-my-pants kinda guess.
Strictly NO homo!

#haiku
LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos


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July 26, 2020, 09:15:57 AM

Observing $9769

Perhaps an attempt to break $10,000 in the next couple of days?
Phil_S
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We choose to go to the moon


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July 26, 2020, 09:22:20 AM
Merited by JayJuanGee (1)

but but...

what about 6000?

surely we'll see 6000 before 10000, right?
El duderino_
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July 26, 2020, 09:26:03 AM

https://www.reddit.com/r/CryptoCurrency/comments/hxu31d/three_hundred_dollars/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_term=link

Lmao 🤣
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July 26, 2020, 09:47:42 AM

Observing $9769
Perhaps an attempt to break $10,000 in the next couple of days?
Just yell shazam and black adam will come running to the rescue for a cross into $10k. Grin
Better than being a vegeta. Wink
https://youtu.be/qDVZ9Z6BhyY



So they got into the three hundreds. Well isnt that special. Cheesy
He should of rode in on a unicorn.
LFC_Bitcoin
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July 26, 2020, 09:49:59 AM

@BTCSZN
If you thought the run up to $20k in 2017 was crazy, imagine if there was another $5 trillion in funny money laying around. #Bitcoin 
https://twitter.com/btcszn/status/1287314234603339776?s=21
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July 26, 2020, 09:54:20 AM

Nr keeps going
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July 26, 2020, 09:55:56 AM
Merited by El duderino_ (4)

Nr keeps going

Stifler time at $10,000
El duderino_
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July 26, 2020, 09:58:07 AM

Nr keeps going

Stifler time at $10,000

Left my laptop at my place ... and I’m at my gf’s house  Roll Eyes
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July 26, 2020, 10:03:56 AM
Merited by Paashaas (1)

$10,000

COME ON !!!!!

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July 26, 2020, 10:05:54 AM

Boom!
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