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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25459035 times)
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suchmoon
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July 29, 2021, 06:31:30 PM

Losing 120 or so coins on MtGox/Bitcoinica taught me how broken bitcoin is. If someone as intelligent as me can lose that much, then most ordinary people don't have a chance. It's just another reason I know bitcoin will never work out.

You got it backwards. Bitcoin is very intelligent and knows how to shake off losers like you who can't handle their own keys.
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July 29, 2021, 07:01:31 PM


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July 29, 2021, 07:13:36 PM



What's crypto?  Does it relate to bitcoin, somehow?




No not at all forgive me oh guardian of bitcoin terminology

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July 29, 2021, 07:28:16 PM
Last edit: July 29, 2021, 07:42:52 PM by xhomerx10

Losing 120 or so coins on MtGox/Bitcoinica taught me how broken bitcoin is. If someone as intelligent as me can lose that much, then most ordinary people don't have a chance. It's just another reason I know bitcoin will never work out.

You got it backwards. Bitcoin is very intelligent and knows how to shake off losers like you who can't handle their own keys.

 Oooo.  That was a tad harsh.


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July 29, 2021, 07:49:37 PM
Merited by vapourminer (1)

Well, it would have gotten you about $3,660 invested, and nearly 4 BTC worth about $160k... nearly a 43x price appreciation in terms of amount invested.

so 160k is rich now.  wow.  and how does one buy 10$ of bitcoin a week without getting dinked on friction costs.  3660$ over 7 years is probably more than what half of americans put away for retirement on their own...

Just saying, not everyone that knew about bitcoin 7 years ago is rich.  cant really argue with that.  Now people pretending to be rich, that we have a lot of...
But I do agree, stack em and stack em with what you got.  Math is our friend.  Math is our retirement.

edit: Alpacas socks on the way !  Buy yours today and have 1000$ socks in your feet in 7 years.  Still have yet to see someone with more expensive socks than I, those that bought in 2010 for 75 or 5 btc - do they still have the socks ?  have they worn out ?  I will not accept anything other than solid proof.
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July 29, 2021, 08:01:26 PM


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July 29, 2021, 08:05:46 PM
Merited by Arriemoller (1), bitcoinPsycho (1)

What's crypto?  Does it relate to bitcoin, somehow?

Technically, Bitcoin is a cryptocurrency just as technically humans are animals.

In actual practice, when people speak of animals they are usually referring to sub-human animals.

Similarly, when Bitcoiners speak of crypto, they are referring to sub-Bitcoin cryptocurrencies.
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July 29, 2021, 08:08:05 PM

Losing 120 or so coins on MtGox/Bitcoinica taught me how broken bitcoin is. If someone as intelligent as me can lose that much, then most ordinary people don't have a chance. It's just another reason I know bitcoin will never work out.

yeah but as you state bitcoin is worth zero, so no loss happened. so no lesson to be learned according there to your maths and science.

Me like this.
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July 29, 2021, 08:09:49 PM

Quote
Christophe Boutry, a former police sergeant and agent of the French counterintelligence agency called the Directorate General of Internal Security (DGSI), was sentenced to prison after admitting that he had sold information from law enforcement databases on the darkweb. He sold the information through the darkweb using an account with the username “Haurus.”

Quote
The other defendant, Christophe Nadotti, was accused of being one of Boutry’s clients. He was sentenced to three years in prison. Law enforcement officers are still investigating a case in which this defendant purchased information on people who were later murdered.

https://haxf4rall.com/2021/07/29/france-ex-cop-heads-to-prison-for-darkweb-dox-sales/


W0w, 5 years for Accessory to Murder, must be nice to be a cop.
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July 29, 2021, 08:24:15 PM

the noon wall report @1:24pm

#dyor

1h
splash feet in the waves


4h
squirrel climbs wire

#stronghands
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July 29, 2021, 08:25:09 PM
Merited by vapourminer (1), bitcoinPsycho (1)

Losing 120 or so coins on MtGox/Bitcoinica taught me how broken bitcoin is. If someone as intelligent as me can lose that much, then most ordinary people don't have a chance. It's just another reason I know bitcoin will never work out.


I gotta admit this one made me laugh my fucking ass off! Smiley
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July 29, 2021, 09:01:36 PM


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July 29, 2021, 10:01:33 PM


Explanation
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July 29, 2021, 10:10:50 PM



What's crypto?  Does it relate to bitcoin, somehow?

No not at all forgive me oh guardian of bitcoin terminology

For sure... we have to be careful NOT to slip into non-sensicals.


Are you going to attempt to assert that you do not even understand basics?

If someone is struggling to make ends meet, and they are ONLY able to scrape aside $10 per week for 7 years and manage to turn $3,660 into $160k, I would suggest that they are on a god-damned fucking good path forward and much closer to richie status than the were 7 years earlier.

Of course, if some one amasses a savings of $160k from zero in seven years, they sometimes might even figure out that they can increase their investment amounts along the way too, so perhaps somewhere along the way, such seemingly smart and prudent person ends up upping his/her investment to $100 per week or some other amount.. and of course, $100 per week would put that person at $1.6 million after 7 years in that same scenario, but hey I am not trying to change the hypothetical facts as they had originally been presented, and if we get $160k after 7 years from $10 per week, we can go from there to increase or weekly investment amount or to just stick with the original $10 per week set-aside that had worked up until that date.

and how does one buy 10$ of bitcoin a week without getting dinked on friction costs.  3660$ over 7 years is probably more than what half of americans put away for retirement on their own...

I am not clear if you are fighting with the hypothetical or something else is going on?  Of course, there can be some kinds of fees that might make $10 per week less than practical, so there is going to be some variance in how much might be invested or investible and in what periods of time, yet you seem to be quibbling about largely unimportant implementation (and personal variation) details.

Just saying, not everyone that knew about bitcoin 7 years ago is rich.  cant really argue with that.  Now people pretending to be rich, that we have a lot of...

You are not going to find me arguing about the existence of a lot of personal variance in terms of how much action was taken.  I know all kinds of people who know about bitcoin and have failed and refused to act.. whether they are to blame for their own actions and or failure/refusal to act might be another story in terms of how much they want to rationalize their own past choices, so sure there are a lot of us who have fucked up a lot, yet bitcoin still seems to be a good investment (perhaps still the best assymetric  bet that anyone can make), but there are still going to be people who fail/refuse to invest and/or fail /refuse to invest a meaningful amount that will end up making life changing differences , whether we are talking about 7-10 years down the road or some other timeline.

Do you have a point regarding folks who are supposedly "pretending to be rich"?  And does it matter?

Maybe you should  explain the point that you are wanting to make a bit more clearly?  Perhaps?

There are quite a few guys participating in this forum and in threads like  this one and who are not really trying to sell anything, but instead just talking about a topic of interest (and hopefully mutual interest).  Do some guys misrepresent their situations, perhaps, but are they trying to sell you something?  Do you think that guys here are trying to sell bitcoin as an idea?  perhaps there could be some truth in that, but still not clear about the point you want to make except to say that some people fucked up and are maybe just coming around to bitcoin.. but we already know that too.. there are a lot of guys that get distracted into shitcoins too, and many times we do not hold that against them either, so long as they do not continue to pump  that shit in this thread.

But I do agree, stack em and stack em with what you got.  Math is our friend.  Math is our retirement.

Sure , when in doubt, stacking might not be a bad idea because it seems that way more peeps are way less prepared for UP than they are for down, yet there are likely still some needs to attempt to plan and to figure out some BTC accumulation goals, and perhaps some other strategies within that - tailored to personal circumstances.

edit: Alpacas socks on the way !  Buy yours today and have 1000$ socks in your feet in 7 years.  Still have yet to see someone with more expensive socks than I, those that bought in 2010 for 75 or 5 btc - do they still have the socks ?  have they worn out ?  I will not accept anything other than solid proof.

I don't know if that makes much sense.  I know that people talk about this kind of nonsense all the time, so yeah, if they  decided to buy various consumption goods (whether  Alpaca socks or some other product/services) and not replace their bitcoins then that merely adds up to a decision to sell.. so no problem as long as you are over and above your BTC accumulation goals, but if you are failing and refusing to invest in BTC then you are valuing your wealth in dollars or in Alpaca socks.. and nothing wrong with that, so long as your BTC investment is also covered.. and sure,  fr4nkthetank you may well be making the point that a lot of us make in terms of the investment thesis for bitcoin being much stronger today than it was 7 years ago, so sure, you are likely not going to get BTC at such low  prices (so the upside potential has been reduced, but the downside risk is likely reduced, as well).
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July 29, 2021, 10:13:58 PM

W0w, 5 years for Accessory to Murder, must be nice to be a cop.

Only when you got no remorse.
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July 29, 2021, 10:30:10 PM
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This is a secret location.

I decided to use the compulsory WO hand sign, as the classic Italian stallion sign is less known:



Edit: hint it’s not a tail.

There mustn't be any tail at all on that beach, or little Fillippone wouldn't stay flaccid.
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July 29, 2021, 11:01:27 PM


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July 29, 2021, 11:05:07 PM

the more you spread it out, the more people are interested, the more value it gets from that.  thats why early faucets were so good for bitcoin.  by "giving" away bitcoin, you were actually creating value to the ones you had.  i agree with you the investment thesis has never been better.

But what good is bitcoin if your feet are cold, smelly and wet HuhHuh? WHAT GOOD IS IT. ok i like socks ill shut up now
edit: whats with this 40k flirting ask her out already
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July 29, 2021, 11:49:37 PM

What's crypto?  Does it relate to bitcoin, somehow?

Technically, Bitcoin is a cryptocurrency just as technically humans are animals.

I have not really been opposed to the term crypto or cryptocurrency when it is specified what is being talked about. 

I get irritated when it is vaguely referred to, so in that context, I am not clear if the reference is to bitcoin or to something else, and if the reference happens to be to bitcoin, then either say that it is or use the word bitcoin just to clarify the ambiguity.

If the reference is to something else, I might get irritated by the probable confusion that is being created, and furthermore I will question the relevance if it is brought up in this thread.  I will also question if such a mention of other cryptos is made in this thread and it is not properly accompanied by some kind of denigrating term, such as shitcoin, attack vector, bitcoin wannabe, scam or something like that.

In actual practice, when people speak of animals they are usually referring to sub-human animals.

Similarly, when Bitcoiners speak of crypto, they are referring to sub-Bitcoin cryptocurrencies.

Fair enough.. but probably don't even want to let them off that easy.. gotta throw a denigration in there somewhere, especially if talking about such sub-bitcoin matters in this thread, in order that some members (or readers) are not mislead into some speculation that one or more that shitcoins might be equal to bitcoin or some other harebrain and ill-thought-out idea like that.

the more you spread it out, the more people are interested, the more value it gets from that.  thats why early faucets were so good for bitcoin.  by "giving" away bitcoin, you were actually creating value to the ones you had.  i agree with you the investment thesis has never been better.

But what good is bitcoin if your feet are cold, smelly and wet HuhHuh? WHAT GOOD IS IT. ok i like socks ill shut up now
edit: whats with this 40k flirting ask her out already

Well, you better not be starving, without clothing, without lodging or whatever other various basics because of your decision to invest in bitcoin.  Sure there are people with high consumption desires/needs, and when I mentioned that I had thought that the new entry level fuck you status had moved from $1 million to $2 million (especially after March 2020), I understand that some people might be able to get to fuck you status at much lower levels (perhaps lower than $500k) and others need much higher levels, for their entry level fuck you status that likely should already relate to knows (such as existing life style and also projections of additional costs if planning to UP life style after going into fuck you status).

Sometimes people can be quite vague about their own needs, and I cannot blame them for either not wanting to share too many particulars in this thread so long as they already might know, but it might be less excusable if they have not figured out their current life style needs and projection of future lifestyle needs, at least to get some decent ballpark ideas of what that would be and attempt to be realistic about what it might be (being realistic does not necessarily mean cutting costs/expenses, but instead just reasonably knowing/projecting what they are and what they are going to be).   

I recall a few years ago when Biodom implied that his basic entry level fuck you status might be as low as $6 million, but still he suggested that even $6 million might not be enough to maintain his current cost of living or projected cost of living.  I would imagine now he must be considering $10million or even higher based on some world events that became more apparent as of March 2020 but part of my then argument with him (from several years ago) was to proclaim that guys should not be setting their fuck you levels so high that they end up pricing their own lil selfies out of the fuck you status market... but of course, individuals are in the best position to know themselves, but who wants to work until dead or even work until being in such a status that there is no ability to enjoy, and if there is a belief that at least $20k per month of income is needed, but the life span ends up ONLY being a few years after stopping working, then even with $6 million of principle there is going to end up being way too much left over cash that ends up not being even close to consumed.. .. just implying that there was no need to work so damned long.. wasn't necessary.

So for sure there is a balance to both making sure that you are not afraid to transition into that fuck you status, but you also would not want to have a sufficient enough principle/income cushion that you might end up later having to go back to work or to have to engage in work activities for reasons other than complete and encumbered voluntary wishes to do so..

So don't be telling me that you are going back to being a Walmart greeter because you like meeting people blah blah blah..that makes little sense... but better to make sure that your plan to enter into fuck you status is decently solid / adequate to account for a variety of circumstances including accounting for several years into the future.. perhaps 20, 30, 40 or more.
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July 30, 2021, 12:01:37 AM


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