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

[nullius]

Have you even confirmed your math and science facts?

If it quacks like a duck...

We will be hitting $3k again for certain. Everyone's confirmed it.

Interesting definition of “everyone”.  Among others, it excludes all the people who aren’t dumping at any price greater than or equal to $3k.

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[proudhon]

Have you even confirmed your math and science facts?

If it quacks like a duck...

We will be hitting $3k again for certain. Everyone's confirmed it.

Interesting definition of “everyone”.  Among others, it excludes all the people who aren’t dumping at any price greater than or equal to $3k.

Obviously I mean everyone who's done the confirmed science. If you haven't done it yet, then you might still think bitcoin can sustain prices above $10k and won't go to $3k again.

[goldkingcoiner]

Have you even confirmed your math and science facts?

If it quacks like a duck...

We will be hitting $3k again for certain. Everyone's confirmed it.

Interesting definition of “everyone”.  Among others, it excludes all the people who aren’t dumping at any price greater than or equal to $3k.

Obviously I mean everyone who's done the confirmed science. If you haven't done it yet, then you might still think bitcoin can sustain prices above $10k and won't go to $3k again.

How about you post the research paper on why Bitcoin can't go above 10k? Don't forget the sources.

[nullius]

confirmed science

Only fools claim scientific knowledge of the future in such matters.

An empirical scientific question:  How often has your “scientific” crystal ball produced correct predictions in the past, versus incorrect predictions?

[nullius]

~

How about you post the research paper on why Bitcoin can't go above 10k? Don't forget the sources.

He’s too busy enjoying all the wealth that he has gained by the magic of “strongly short with high leverage”.


Edit:  For my whole life, I have been mathematically certain that the U.S. dollar will crash.  I am still so certain.

I now pause to wonder where I would be, if I had entered leveraged shorts of the dollar 20 years ago.  Nowhere good, I think.

Somebody is going to get hurt this way.

[JimboToronto]

We will be hitting $3k again for certain. Everyone's confirmed it.

Confirmed.

[bitserve]

~

How about you post the research paper on why Bitcoin can't go above 10k? Don't forget the sources.

He’s too busy enjoying all the wealth that he has gained by the magic of “strongly short with high leverage”.

Proudhon have been confirming scientifically proven sources since 2011. So yeah, he surely is too busy enjoying his wealth most of the time... except when he briefly passes by from to time to enlighten us with his OG wisdom.

Confirmed.

I love that song: https://www.youtube.com/watch?v=A7TuFy0fcuw

[LFC_Bitcoin]

confirmed science

[Arriemoller]

we will climb back to $11k soonish. and then it is decision time. we will either go through this barrier and all is good or we will get rejected. if we get rejected we will see 9k and in worst case 8k, but that is the very bearish case. I want to accumulate more, that is why I am even considering those scenarios..

Worst case $8k? Have you even confirmed your math and science facts? We will be hitting $3k again for certain. Everyone's confirmed it.

Confirmed.

[OutOfMemory]

we will climb back to $11k soonish. and then it is decision time. we will either go through this barrier and all is good or we will get rejected. if we get rejected we will see 9k and in worst case 8k, but that is the very bearish case. I want to accumulate more, that is why I am even considering those scenarios..

Worst case $8k? Have you even confirmed your math and science facts? We will be hitting $3k again for certain. Everyone's confirmed it.

Confirmed.

Has everyone confirmed everyone's confirmation yet?

[El duderino_]

#earlyhodlsleep

[vapourminer]

we will climb back to $11k soonish. and then it is decision time. we will either go through this barrier and all is good or we will get rejected. if we get rejected we will see 9k and in worst case 8k, but that is the very bearish case. I want to accumulate more, that is why I am even considering those scenarios..

Worst case $8k? Have you even confirmed your math and science facts? We will be hitting $3k again for certain. Everyone's confirmed it.

Confirmed.

wait

can i confirm it too? dont want to be left out. i think.

well maybe i should just say "i can neither confirm nor deny"  yeah thats it. im in both clubs now

[nullius]

Proudhon have been confirming scientifically proven sources since 2011. So yeah, he surely is too busy enjoying his wealth most of the time... except when he briefly passes by from to time to enlighten us with his OG wisdom.

If he shorted Bitcoin with his beloved “high leverage” in 2011 (were there markets with margin then?), or even if he just sold all of his bitcoins at that time, then perhaps that may explain his apparent vendetta.  Think about it...


I recall once having caught a link to some sad story on Reddit about a young fellow who shorted DASH with all the leverage he could obtain.  He wound up throwing into margin calls all of his Bitcoin, and almost all of the fiat in his bank account.  From about $150k in liquid assets that he had slowly saved, he very quickly wound up with $600 (six hundred dollars) to his name.  He was contemplating suicide.

DASH is more or less my definition of “overvalued shitcoin”—but shorts are very dangerous, and highly leveraged shorts all the moreso...

If proudhon were simply bearish on Bitcoin, I would disagree; but it could be a reasonable disagreement.  I am picking on him because he is advising a “high leverage” (!) short based on his alleged “scientific” certainty of the future.


A big short can be spectacular if, say, you have the combination of a rare opportunity, sufficient capital to move the market, and an exceedingly high risk tolerance.  The infamous Soros short of the pound comes to mind.  That was betting the company on a calculated risk, in a very unusual situation—and he did actually have enough capital to move the whole market.

But for every such famous case, there are so many others who went bankrupt.  Oftentimes, it has been the types who look on Internet forums for investment advice.

“Strongly short with high leverage”?  “Confirmed science”?  Seriously?  Regardless of one’s expectations for Bitcoin, that is not only bad investment advice:  It is sadistic investment advice.


Addendum

Wow.  After I drafted the foregoing, I checked proudhon’s trust page.

I wonder how many people have lost money over this.  I hope that most people ignore him.

[vroom]

we will climb back to $11k soonish. and then it is decision time. we will either go through this barrier and all is good or we will get rejected. if we get rejected we will see 9k and in worst case 8k, but that is the very bearish case. I want to accumulate more, that is why I am even considering those scenarios..

Worst case $8k? Have you even confirmed your math and science facts? We will be hitting $3k again for certain. Everyone's confirmed it.

Confirmed.

Has everyone confirmed everyone's confirmation yet?

I will confirm it for a merit. You can buy multiple confirmations.

[ivomm]

we will climb back to $11k soonish. and then it is decision time. we will either go through this barrier and all is good or we will get rejected. if we get rejected we will see 9k and in worst case 8k, but that is the very bearish case. I want to accumulate more, that is why I am even considering those scenarios..

Worst case $8k? Have you even confirmed your math and science facts? We will be hitting $3k again for certain. Everyone's confirmed it.

[bitserve]

Proudhon have been confirming scientifically proven sources since 2011. So yeah, he surely is too busy enjoying his wealth most of the time... except when he briefly passes by from to time to enlighten us with his OG wisdom.

If he shorted Bitcoin with his beloved “high leverage” in 2011 (were there markets with margin then?), or even if he just sold all of his bitcoins at that time, then perhaps that may explain his apparent vendetta.  Think about it...


I recall once having caught a link to some sad story on Reddit about a young fellow who shorted DASH with all the leverage he could obtain.  He wound up throwing into margin calls all of his Bitcoin, and almost all of the fiat in his bank account.  From about $150k in liquid assets that he had slowly saved, he very quickly wound up with $600 (six hundred dollars) to his name.  He was contemplating suicide.

DASH is more or less my definition of “overvalued shitcoin”—but shorts are very dangerous, and highly leveraged shorts all the moreso...

If proudhon were simply bearish on Bitcoin, I would disagree; but it could be a reasonable disagreement.  I am picking on him because he is advising a “high leverage” (!) short based on his alleged “scientific” certainty of the future.


A big short can be spectacular if, say, you have the combination of a rare opportunity, sufficient capital to move the market, and an exceedingly high risk tolerance.  The infamous Soros short of the pound comes to mind.  That was betting the company on a calculated risk, in a very unusual situation—and he did actually have enough capital to move the whole market.

But for every such famous case, there are so many others who went bankrupt.  Oftentimes, it has been the types who look on Internet forums for investment advice.

“Strongly short with high leverage”?  “Confirmed science”?  Seriously?  Regardless of one’s expectations for Bitcoin, that is not only bad investment advice:  It is sadistic investment advice.


Addendum

Wow.  After I drafted the foregoing, I checked proudhon’s trust page.

I wonder how many people have lost money over this.  I hope that most people ignore him.

While everything you said is strictly correct I do still enjoy the ocasional Proudhon post.

That being said... don't take everything you read on the internet (or wherever) as serious advice. There is a chance it isn't.

Always confirm your sauces (scientifically or not)  

And yeah, leveraged trading is extremely risky even if you know what you are doing (which most don't... even if some are lucky). Combined with shorting it is even more risky and most of the time a recipe for disaster and financial ruin.

[Torque]

we will climb back to $11k soonish. and then it is decision time. we will either go through this barrier and all is good or we will get rejected. if we get rejected we will see 9k and in worst case 8k, but that is the very bearish case. I want to accumulate more, that is why I am even considering those scenarios..

Worst case $8k? Have you even confirmed your math and science facts? We will be hitting $3k again for certain. Everyone's confirmed it.

[d_eddie]

I actually welcome Proudhon's bearish posts, especially when they mention shorting her with the highest available leverage. By the time I've fed them into my SOMA engine and digested the convoluted, obscure and esoteric results, she steps up a notch. Thank you, llama of doom! 

[goldkingcoiner]

Edit: If thats her singing in the proudhon song: holy shit her voice is nice. I actually enjoy listening to the song multiple times.

[sirazimuth]

I shall go to the himalayas to atone for my sins now

I shall journey to the Himalayas!... Find a lonely peak!... A blunt one, and sit on it...