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

[Toxic2040]

in other news

150m hop completed by SN6

keep in mind that thing is 9m across and 30m high

[1642506241]

1642506241

[1642506241]

1642506241

[1642506241]

1642506241

[1642506241]

1642506241

[bitebits]

do I get this Breedlove guy right? he says that the only thing that is really scarce in our live is the time we are on this planet. the only other real scarce thing on earth is bitcoin. he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time.

what would a central banker answer? "your life evaporates through your fingers while you try getting a grip on it. why not get paid in something that evaporates in the same manner? it keeps you running"

https://poddtoppen.se/podcast/1359544516/bitcoin-audible-previously-the-cryptoconomy/masters-slaves-of-money-by-robert-breedlove

got me thinking...

The Time vs. Money Dilemma, my friend.
I am about to share something I found worth reading even if I do not necessarily agree with everything that's written inside. You might find it useful https://jamesclear.com/value-of-time

I don’t like the lengthy article because it is based on a wrong assumption:

If you know your [working] time is worth $60 per hour, then you should always pay $49 for shipping [a new $19 bag] instead of spending one hour shopping at the store.

Most people can’t (easily) put in an extra hour of work and get paid for it. So your time is worth way less: a week has seven days of 24 hours each. Making financial decisions as proposed in the article makes you poor very quickly. And of course the real answer to the writers ‘dilemma’ is not buying the stupid new bag in the first place, or when really needed get a different one in a local shop without the relatively insane shipping fee.

Fiat is not money, but we are learnt at a very young age it is. It is designed to keep you spinning the hamster wheel. Fortunately Bitcoin gave us an exit.

[OutOfMemory]

Good eve, gents 

I got a bad gut feeling back then, when @Burger started a twitter poll if we gonna retest $10.5k or not.
This was within the last two weeks.

[Vectra]

A good old weekend pump could be on the table  

Hope so, else all the nice growth from the last month went down the drain.

As long as we don't break 10.5k it was healthy pullback and we can build on it. If we do break it though, it might get nasty. Hopefully we won't break it down, I feel it's too early for that now. No more V bottoms though, some of power is lost.

[cAPSLOCK]

the "Maximalists" are currently too busy trying to explain why INX is "different" than so many other ERC20s

A lot of Bitcoin luminaries have lost A LOT of credibility over the past couple weeks, as far as the Twittersphere is concerned, over INX.

This is a good thing.

Kill your heroes.

EDIT: Also, I'm starting to get the fear. Bigly.

Could not agree more.  Even blockstream has taken a good dent over this.  I am glad.  The "Bitcoin Community" is something bitcoin will also have to defeat eventually.

[serveria.com]

the "Maximalists" are currently too busy trying to explain why INX is "different" than so many other ERC20s

A lot of Bitcoin luminaries have lost A LOT of credibility over the past couple weeks, as far as the Twittersphere is concerned, over INX.

This is a good thing.

Kill your heroes.

EDIT: Also, I'm starting to get the fear. Bigly.

Fear? I have no idea what fear is... 

[HI-TEC99]

A good old weekend pump could be on the table  

Hope so, else all the nice growth from the last month went down the drain.

As long as we don't break 10.5k it was healthy pullback and we can build on it. If we do break it though, it might get nasty. Hopefully we won't break it down, I feel it's too early for that now. No more V bottoms though, some of power is lost.

We spent months range bound between $8k and $10k before moving upwards. Maybe we will be bouncing between $10k and $12k  for a while.

[bkbirge]

I mean, this is why we are supposed to have dry powder at the ready, right? Or if you are already all in then just stay away from the daily discussions and hand wringing.

[Torque]

Stonks taking a plunge
Where's the decorrelation?
Corn also dipping

#haiku

Tesla now down ~18% from the peak, lol.

Look out below..

[philipma1957]

So thursday

Dow is down      -2.78%
Nasdaq is down  -4.96%
S+P is down      -3.51%

AND BTC is down -5.16%  out doing ETH BCH LTC

and gold is down close to -5%

So pretty much a terrible thursday

[strawbs]

Just....zoom....out

The 6 month chart looks pretty sweet

[OutOfMemory]

A good old weekend pump could be on the table 

Hope so, else all the nice growth from the last month went down the drain.

As long as we don't break 10.5k it was healthy pullback and we can build on it. If we do break it though, it might get nasty. Hopefully we won't break it down, I feel it's too early for that now. No more V bottoms though, some of power is lost.

We spent months range bound between $8k and $10k before moving upwards. Maybe we will be bouncing between $10k and $12k  for a while.

That's it. I'm also not going to whine about range chopping unless we stay above $10k, i have limited Fiat for buying, so i'd be happy about (relatively) cheap sats.
I'm not in for the quick money. While big dumps are shocking (or rather impressing?) me as well, like the $6k and $4k drops of the last bear market, i wouldn't even think about pulling off a mindrust maneuver.

I would dump some of my stash anytime, if i really need some cash that i can't get in other ways, but that's a different thing. If this will be the case some day, i'd always compare my liquidation price to the price of the first buys of the same amount in Bitcoin. So if the price went down 20% beforehand, i'd always think like "hey, i made several hundred percent in fiat".

  
  

[toknormal]

So pretty much a terrible thursday

See August 1st, 2016. BTC/USD.

(Then see what happened next).

[strawbs]

Tiresome chart watching
Led me to write a haiku
But I changed my mind and instead finished the remainder of a bottle of Rioja I'd almost forgotten about and now syllable counting seems slightly silly

#haiku gone wrong

[Torque]

Ha ha ha, so Mr. Dave "stonks only go up" Portnoy got his ass handed to him today.

https://twitter.com/stoolpresidente/status/1301518457985523713

Haahahahahaahahaha

[cAPSLOCK]

So pretty much a terrible thursday

See August 1st, 2016. BTC/USD.

(Then see what happened next).

That's actually about right I'd say...

[OutOfMemory]

Ha ha ha, so Mr. Dave "stonks only go up" Portnoy got his ass handed to him today.

https://twitter.com/stoolpresidente/status/1301518457985523713

Haahahahahaahahaha

What's the thing about this green plastic hammer?

[goldkingcoiner]

Anyone who has not gotten enough BTC: This looks like a good place to buy. Retesting of the $10k/BTC support might not stay around for long. Do your own research.

You made me want to start watching Seinfeld again.

[Indymoney]

[savetherainforest]

ICOs, DeFis, Vegetas, and flat earthers...

What's the world coming to?

BTC.iTcoin is not flat !