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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25459031 times)
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JayJuanGee
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April 16, 2021, 03:40:42 PM

ONLY negative.  Just practice.  Maybe go to the mere every day and figure out a few negative things to say about shitcoins, and then once get used to practicing, then it will be easier here.

I'm not that type of person sorry, but I do refrain from talking about shitcoins in this thread. I always think positive about many things. The existence of shitcoins is actually positive for bitcoin.

I would not frame the existence of shitcoins as a positive for bitcoin, but it is a real anticipated phenomenon that a lot of fucking dumb people (and even some smart ones) are going to get involved in snake oil salesman imitations.  Satoshi has a post saying something like that, so he anticipated such a phenomenon from the beginning... does not mean that it is a positive for bitcoin, even if some positive discoveries and developments can be sourced to the existence of shitcoins.

Yeah, but it is NOT on topic.

Many things aren't, but you seem to be responding to this particular stimuli. Tongue

Of course, it has been the case for years that the only off-topicness that really matters and has deleterious effects in the thread if attempting to talk positively or "neutrally"  about shitcoins is allowed to persist.. needs to be nipped in the bud whenever it happens.. otherwise you have ongoing talk about shitcoin x, y z.... blah blah blah.. and there are more than 8k possible shitcoins with their various stupid-ass talking points, whether ethereum, doge, various bcashes or some of  the other random and unimportant of the 8k shitcoins.  

Other topics fade away sooner or later and they are no real threat to the on-topicness of the thread.

Again, you are trying to make this about me.. and fuck that.. if you either want to talk positively or "neutrally" about shitcoins in this thread, its more about you wanting to change the thread rather than me getting worked up about it... because I am ONLY attempting to express the sentiments of the thread overall.. and sure I don't reflect the rules and I might not even get it right exactly.. but I have a pretty decent sense that attempting to either talk positively or neutrally about some shitcoins is very problematic.. unless it is merely an incidental occurrence that is tied to some other relevant thing that you are attempting to discuss.

Oh?  It sounded to me that you were criticizing me for not being diversified enough into other projects... or kind of a vague criticism, but still.

I don't think I was talking to you specifically or about you, as I understand clearly you are not into any sort of "diversifications" or "allocations" as far as bitcoin and the rest are concerned. I know that, and I'm into that, so ... don't know where it seems that you thought I was criticizing or anything.

I am NOT against diversification.  In 2013, I started out getting into bitcoin by having a variety of investments including some that have pretty much enough income to sustain me at basic levels.. So part of the reason that I got into bitcoin was to diversify a bit away from the dollar.  The more that I thought about a variety of my investments that I had at that time, the more that thought that they were quite considerably connected to the dollar and I needed some hedging in my overall plan.  When I looked into gold, there were various aspects that I did not like, including costs of actual physical gold, and encumbrances of actually having to manage physical gold, and the paper gold prevalence caused me some concerns about the possibility that gold was also not sufficiently non correlated with the dollar, and when I found bitcoin, I nearly immediately considered it as a potentially pretty decent complement to my
thinking at the time about what I needed in my investment portfolio.

Also, in late 2013, I had a decent extra chunk of money that I was needing to invest and right before looking into bitcoin, I had invested about 1/4 of that money into a variety of index funds of varying categories, so when I found out about bitcoin, I pretty much allocated the remaining 3/4 towards investing into bitcoin for the next 6 months (which was largely between December 2013 and May 2014), and that I would research further into bitcoin.  Furthermore, I immediately put a very small chunk into around 7 altcoins, just so that I could monitor them as well over the next 6 months while I was considering what further to do in regards to what I had allocated into bitcoin and whether I would continue after my first 6 months, which I did end up continuing with ongoing DCA investing and accumulating and even after about a year had passed, that initial 1/4 that I had invested in other funds, I did end up withdrawing from those other funds and putting that into bitcoin in November / December 2014.

So I am not really against diversification because I have continued to stay diversified, even in late 2014 when I was considering taking about half of my then 401k amount and putting it into bitcoin, which would have largely doubled my then BTC investment.  I decided against it, partially based on the grounds that it is good to remained somewhat diversified and my then nearly 10% allocation into bitcoin (when measuring my total quasi-liquid investment portfolio) was sufficiently enough to keep into bitcoin.

O.k... so in regards to bitcoin and the rest of crypto, I have quite a bit of difficult times considering diversifying beyond bitcoin because bitcoin represents the category and the thing that I was attempting to achieve, which was a hedge against the dollar.  The rest of crypto is either dependant on what bitcoin does - so diversifying into other cryptos largely seems to just add additional risk without really achieving much if anything that bitcoin cannot already accomplish.. and surely I don't want to get invested into various scams, either.  

So I continue to just NOT be into any of the other cryptos, even thought I own a wee bit of about 6 different coins (I believe which are different from what I had bought in late 2013, because I sold all of my late 2013 altcoins and I repurchased my current shitcoins (or I was airdropped) in 2017-ish.  They are XMR, ETC, ETH, LTC, BTG and BNB.  I just did a quickie ballpark estimation of my BTC holdings, cash holdings (dedicated to Bitcoin - I count USDT as cash even though officially it is not but whatevers) and shitcoins, and the value of all of those shitcoins put together add up to about 0.7% of my total BTC/cash value, and that is putting my cash (including USDT which is about 1/3 of my cash) at about 3% and BTC at 96.3%..  

So, I am not against diversification, and when it comes to "crypto" if you believe that you might be achieving some kind of objective that you want to achieve by diversifying outside of bitcoin, then that remains a choice that each person is free to make.  I don't see any need in my portfolio for any non bitcoin crypto besides the wee bit that I already hold or if I were to come across some project that might seem interesting I might invest, but likely it would be somehow related to bitcoin rather than some non-bitcoin crypto project.. but never say never, if I were to come across something that seems interesting to me and I don't get a sense that it is a scam from the start.

By the way, like quite a lot of bitcoin (and even crypto) peeps, I have quite a bit of extra value that I could throw at various projects if anything were to strike me.  I do have one or two projects already in mind in terms of putting my value into them, but those would largely be kinds of broader giving back to bitcoin type projects with general bitcoin applicability rather than anything that I would expect a return on - and I suppose if I were to get any return, I would just fold back into the projects and those projects are merely in rudimentary states of thinking through rather than really setting anything up yet... I might start a thread on it when I get a bit further along... perhaps.

Let shitcoiners be shitcoiners, sometimes people just need to go through that to learn something.

I am not attempting to say that the shitcoiners should not be able to shitcoin.  Just get the fuck out of here with that nonsense... there are a lot of places that they can shitcoin, and I am not criticizing those conversations from taking place.. and I don't tend to go to any of those places either..
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April 16, 2021, 03:41:41 PM

Good morning Bitcoinland.

I see we're about halfway back up after a little $3k dip... currently $61345USD/$76785CAD (Bitcoinaverage).

Still in the $6xxxx range.

Go Bitcoin go.

Bought a physical painting today. Feels much better than the NFT hype.

No freaking kidding.

An actual painting beats a virtual painting just like driving an actual car beats looking at a car ownership document, swimming in a private lake beats looking at a picture of a lake, or sex with a real women beats an inflatable plastic doll.

You can tell a lot by the smell. Can you still smell the aroma of the paint? Is it as nice as the smell of a new car, a lakeside breeze, or a horny woman?



True, but it is a mixed bag on books. I still like physical (books also smell, sometimes enticing, sometime peculiar). Also, a look at the tome and handling it is exciting (to me).
That said, I am gradually worming up to e-books, especially those which you only need to read once, which is most of them, probably.
BTW, I have a physical painting with some small amount of btc inside. Is it a wallet or NFT?
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April 16, 2021, 03:50:21 PM
Last edit: April 16, 2021, 04:05:52 PM by JimboToronto
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Action figures are sorta like paintings, no?

No. Action figures are more like collectable dolls, plates, or numbered prints.

Real art is original. It is of extremely limited supply (only 1). That's why it's so valuable. Like Bitcoin.

Numbered prints are just pictures of art. They can be printed up in any number. That's why they aren't really worth more than the paper and ink to print more.

Same with action figures. Fire up the production line and crank out some more. Like Ripple.
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April 16, 2021, 03:53:33 PM
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Voila, sold my DOGE (which were bought in summer 2019) for some extra bitcoins.
Patience is everything, glad I could finally get rid of them.

And now pump it to 100k+

Planning to ride this bull as:



(saw him during a walk last sunday, that can't be coincidence Cheesy)


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April 16, 2021, 04:14:36 PM

Looks like the terrible confirmed news (for bitcoin) out of Turkey plus the failing COIN listing have finally popped the last bubble and caused the bitcoin market to begin catastrophically crashing. Sad days ahead for bitcoin fans.



Really shows how much you know...

COIN didn’t IPO, so true price was determined by the market after the opening bell, which was what they intended.

As far as I know, it isn’t trading at $0.00, so definitely not a failure... math and science confirms this...

Turkey banning crypto, bad news? I think it just confirms that Turkish Lira will fail not Bitcoin... again maths and science...

As for your chart... you did that back at 10k, 20k, 30k, 40k, 50k, and 60k... should we prep you a few more at 70/80 /90 and 100? I think you will need it, math and science confirms it...


pwned by our trollama! Have you heard him singing BTW? Well worth a YouTube search (proudhon song)  Wink
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April 16, 2021, 04:16:25 PM

I am NOT against diversification.

I am also into diversification as far as other asset classes are concerned, especially ones you can actually put in your registered retirement accounts (401k, IRA, ROTH, RRSP, TFSA, or equivalent.)

Those usually involve either mutual funds or broad based index ETFs, and not particularly the crypto kind like GBTC. What I did put in mine were BTCC and before that QBTC.

But those are entirely different asset classes, usually along the lines of stocks/equities and bonds. S&P 500 or Total Stock market, that's the kind of "diversification" that would be simple and "easy" to understand, not picking some 10 or 20 different ones, although my father did tell me to get some Amazon years ago.

In crypto, its mostly 99% bitcoin. 1% everything else. In my case, that smaller percentage has gone up without me adding more to it and I'm always taking out of it (but not the capital, basically I'm farming the "interest" out of it as long as I can.)


By the way, like quite a lot of bitcoin (and even crypto) peeps, I have quite a bit of extra value that I could throw at various projects if anything were to strike me.

And there you go. All's good. I don't know what got you into thinking it was about you or anyone in particular. It's always about everyone here, as a group, in general. Was never into anyone specific unless that was mentioned. I mean, roach will be roach, proudhon will be proudhon, and I just let them be.

Ok fine, JJG will be JJG ... always replying with walls. Smiley After all, this is the "wall observer".
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April 16, 2021, 04:20:20 PM

Real art is original. It is of extremely limited supply (only 1). That's why it's so valuable. Like Bitcoin.

I'm not much of an art person, although I have made some original art myself, but then I'm a no one so who cares about "Dabs' painting" right? However, I do appreciate some certain replicas of not so famous art paintings.

There are even markets for these, original oil hand paintings, but obviously mass produced and copied or inspired by greater artists of the past, plus they are cheap too. However, because of that, they aren't very valuable more than a token amount above the cost of materials and the time to create them.

The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.
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April 16, 2021, 04:31:19 PM
Merited by JayJuanGee (1), greensheep (1)

Voila, sold my DOGE (which were bought in summer 2019) for some extra bitcoins.
Patience is everything, glad I could finally get rid of them.

And now pump it to 100k+

Planning to ride this bull as:



(saw him during a walk last sunday, that can't be coincidence Cheesy)



 Careful man!  He looks pretty focused.


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April 16, 2021, 04:32:39 PM

Now Ver's shit crap is getting a push for no reason.
Bunch of wankers.

 Cheesy
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April 16, 2021, 04:46:45 PM
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The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.

If the corn was an artist, her paintings would be very expensive. She's been ded a long time already.
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April 16, 2021, 04:51:22 PM
Last edit: April 16, 2021, 05:05:36 PM by Krubster

I just spent the last of my remaining fiat to buy the dip.



(€50,500 ≈ $60,500)

Time to update this meme.



I don't know which category I am in, all I know I'm not waiting for sub $60k.

*edit: edited out the numbers, that's not relevant.
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April 16, 2021, 05:02:34 PM
Merited by JayJuanGee (1)

The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.

Limited supply? Zero new supply.

A living artist may not be able to exactly reproduce his existing works but he can create similar new works.

Once he's dead, the supply is gone forever.

Every work of art lost in a fire or otherwise destroyed is like a bitcoin with lost keys. There's no replacing it.

Of course if Van Gogh's "Sunflowers" were destroyed in a fire, all remaining Van Gogh paintings would increase in value, just as every lost key increases the value of Bitcoin.
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April 16, 2021, 05:08:30 PM

BCH now up 38%  Roll Eyes

Who is pumping shitcoins today.
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April 16, 2021, 05:15:59 PM
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I just spent the last of my remaining fiat to buy the dip.



I don't know which category I am in, all I know I'm not waiting for sub $60k.

I think you clearly have the laser eyes one. The other one doesn't look too flattering.
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April 16, 2021, 05:16:33 PM
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BCH now up 38%  Roll Eyes
If they keep pumping Forks like this, it could be a good moment to dust off old cold storage.
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April 16, 2021, 06:08:53 PM
Last edit: April 16, 2021, 06:34:18 PM by d_eddie

By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.
Without betting any "real" money (aka king daddy, aka the corn etc.), I think we could have already begun observing some relative puniness in this cycle, if there weren't so many big players really getting in the arena and putting their money where their tweets are. The new players, institutional or silent as they may be, are positively skewing the market by pouring a previously unseen money supply into the market. So there is that. Can this welcome skewing go on at this rate? 2x a year is the kind of exponential growth that sooner or later hits the ceiling with a sore head. The flattenening (?) part of the S-curve, in udder words. We'll have to wait 2024 to actually see where things are going. But it's always like that with the corn, isn't it.

Quote
Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
 Tongue Tongue Tongue
For dee fucking our lil selfies bit, I have no problems to keep waiting a lil more. If you feel any rush, please go ahead Tongue Tongue Tongue
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April 16, 2021, 06:17:46 PM

I think you clearly have the laser eyes one. The other one doesn't look too flattering.

Thank you.

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April 16, 2021, 06:23:17 PM



Now, that's more "rabid" or something... voracious.. hungry ... or I don't know.
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April 16, 2021, 06:34:07 PM

Something will happen soon, too many idiots falling for shitcoins. Today a colleague came to and proposed me to buy doge.......

I bought the bitcoin dip hopefully, can't wait to see the alts smashed. Too many dumb/weak hands around.
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April 16, 2021, 06:51:51 PM
Merited by LFC_Bitcoin (1)

Something will happen soon, too many idiots falling for shitcoins.
The infamous "alt season". Bitcoin's drop in Market Capitalization happened in 2017 too: people jump into alts hoping to get more Bitcoins. And when they start selling, Bitcoin goes up in market share as well as in fiat value. I expect the same again: Bitcoin remains quite stable in value while alts are growing, and in a few months Bitcoin will absorb all that value.

/so far my wishes and expectations Cheesy
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