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

[Arriemoller]

If a mirror breaks down, do computer nerds get seven years of bad luck?

If you believe in things that you don't understand
Then you SUFFER!

What now?

Superstition ain't the way.
(I can't write the brass phrase though.)

It was a joke alluding to the saying that you get seven years of bad luck if you break a mirror.

It was a quote from Stevie Wonder's Superstition, triggered by "Seven years of baaaad luuuck". Also a joke.  

Never listened to Stevie Wonder much, I dislike his music.

[jojo69]

If you believe in things that you don't understand
Then you SUFFER!

[ChartBuddy]

Explanation

[Arriemoller]

If you believe in things that you don't understand
Then you SUFFER!

Nah, I really don't see it.

[Biodom]

I am making an experiment in reverse FOMO.
Found several stocks (not indexes) that were declining or flat for 20-25 years, BUT not going bankrupt.

I find it fascinating and invested in a couple..small change comparing to other things, but good enough to make some dough if these mummies revitalize themselves.
Why fascinating? Because they didn't die for 25 years and, superficially, remind me of the Apple's "dark period" of 1986-1996 when most people thought that it is about to kick the bucket (it's strange to think about it now when it is $2.4 tril in market cap).

The equivalent in crypto would be something like Grin, maybe, unloved and undernourished with a $27 mil market cap. Several NFTs were sold for more, lol.
I did mine a few when I thought that it could be interesting, not suggesting it to anyone.
I am not mining it any longer either. It seems as dead as a doorknob (at the moment).

[Victorycoin]

https://depositphotos.com/stock-photos/smile-woman.html

Nice smile brother sunglass is not fine sunglass for summer time it's just cold time 

[JayJuanGee]

Love him or hate him, Jbear is a very interesting individual. He and I had several long discussions on music and vintage musical gear. He owns some gear used by Joe Walsh, Elton John, Rick Derringer, Billy Joel. and Michael Jackson.

I won't go into details because he told me this privately.

I am not sure if there would be anyone that we would all totally respect.. but let's say hypothetically, there was such a person (like Isaac Newton or Albert Einstein), and that person has all the attributes of an angel.. including smart, witty and knows about bitcoin etc... maybe we would have to proclaim satoshi as such a person.. but whatever..  

So yeah we can "like the shit out of" such a popular person, but if such popular person came in this thread and was 1) naysaying bitcoin, 2) pumping shitcoins and 3) propagating ideas about BIG blocks, then that person deserves ridicule, even if s/he/it were to otherwise be the greatest thing since sliced bread.  No?

Mindrust's situation was not selling too much too soon in terms  "on the way up" but instead selling during a pretty decently sized crash and having relatively high conviction that the crash was going lower..

He allowed Masterluc to fuck him over with one of his retarded calls.

Serious rook move.

Well fair enough... a kind of acceptance of authority, or at least buying into a theory that Mindrust had actually became convinced to be a reasonable and plausible theory.

One of the ironies that many of us have remain our abilities to attempt to tailor our own strategies in a way that we both perceive to be reasonable and sometimes that we sometimes conclude that we have found a more enlightened direction than others... and so sure, there are a lot of dumb people and dumb ideas, so sometimes when we believe that we see the right direction, we will sometimes bet on that view and bet on the idea that we are right and everyone else is wrong... So, in that regard, even going by Mindrust's contemporary statements, he acknowledged that he was panicking and even that he had made a mistake by allowing the severity and the quickness of that March 12, 2020 crash to get to him to sell.. but then once he did it, he concluded that he had done the better thing and it was worthy of gambling on the further cascading of the BTC price down.  

And, if you recall, he did not even sell at the exact bottom.  He sold something around $4,500, so that several days later when the BTC had bounced and then returned to below, his $4,500-ish sales price, he told us that he was waiting for the whole matter to play out... including something like sub $2k prices, and many of us said that he should not be greedy and he should just buy back in.  I personally was not as pushy about him buying back in as some other members, even though ultimately the better decision would have been to buy back, and some people were suggesting that he just buy back a portion.. like half or even just a quarter of his BTC so that he was not left a no coiner.. but again.. he refused.. so after thinking about how he had gotten emotional he also kind of doubled down on his own sticking to his decision.. which really caused  some people to consider that he was not even being genuine.. because no one would really act that irrational in terms of protecting themselves.. and it seems that Mindrust did really believe that his might have been able to garner enough luck out of the whole situation in order to turn his mistake into a way to actually profit... rather than just sucking it up or even breaking even or mitigating losses as several guys were kind of going red in the face (at least through their keyboards) to attempt to emphasize to mindrust about making sure that he bought some back.. because the bottom was in..  .. and one of my personal problems with the whole thing was that I was not even confident that the bottom was in even though I did consider that it would be a good idea for mindrust to buy some back because we had seen something like a 30% bounce off of the bottom and then within a few days the BTC price had gotten pretty damned close, if not even a little bit below his sell price, but of course, I did not feel any kind of confidence that the bottom was yet in, even though I had a decent inclination to at least buy some of the BTC back (like 20% or more).  

[ChartBuddy]

Explanation

[nanobtc]

If you believe in things that you don't understand
Then you SUFFER!

Nah, I really don't see it.

Neither does he.....  (pa-dum PISH)

Just for curiosity, what kind of music do you like Arriemoller?  Of course there are many cultures/languages/geographies represented here in the WO..

[goldkingcoiner]

Dear diary,

today two coiners revealed themselves among my friends/ex co-workers. The friend was my former boss, the co-worker his secretary.
The boss proudly told me, he's in "crypto" now, a fantastic thing. He was showing me his trading app and portfolio (what a noob, held only shitcoins), and said his secretary is his crypto-consultant. The secretaries base currency was ETH, he is into Defi as well. I wondered why the fuck he didn't invest in NFT already, but trying to sell a shitcoin that goes to zero is about as non fungible as a JPG of a rock, i heard myself thinking.
I said: Bitcoin? They said: Nah, man. No big gains here anymore. We sell a coin when it's over 150% profit and look for the next (shitcoin) to invest in.
So i asked about the taxes, and they said: Nobody cares. I wish they would know what they think "centralized" and KYC in terms of exchanges really means, but they seemed so obsessed about their "crypto gains", i didn't want to interfere in that moment.

The portfolio of the boss was down about 50% from its recent top. I didn't see or hear anything detailed about the secretary's portfolio, neither do i know how long he already was in "crypto" before.

So it's this time of the year again. I'm beginning to doubt my beliefs about S-curve adoption and should start thinking about liquidation target prices for a part of my stash. The next bear market is coming, and a big retail FOMO move to this cycle's top should lead it. It felt like 2017 all over again, but this time i will take some dollars to buy the 2023 bottom again.

-------

True story. Omitted many details in favor of OpSec.

Oof. Well, can't say I didn't burn my fingers too, at the beginning. Too bad this might discourage him buying Bitcoin....

.......

As was noted previously Jbear is a expert on the subject, I miss him.

Speaking of missing past regular posters in the Wob...
Where are they now?
My unofficial partial list of wo bro legends who have gone bye bye (for at least a few months anyway, to my knowledge)...

JBreher...  eloquent and JJG didn't like him. And that's an understatement. Me? I just loved that bear at the picnic table waiting for a treat.
Gentlemand... my favorite wo bro, and I really miss his hilarious comments.
Hairy Mclairy ... I think he just got tired of this place.
V8....  Kept me abreast of the latest and greatest memes.
Ibian....  Maybe he had a boating accident, but whatever, I don't miss him, though I will confess to reading all his posts.  Occasionally I'd flame him, because why not?
Roach....Fuck him. The thread moved up a notch in respectability when that asshole left. Good riddance

One of the weird things about being a regular here and participating in this never ending thread anonymously over the years
is that one is never sure what happens to regular posters when they suddenly go AWOL.
Occasionally one finds out that someone passed on the forum, but to my knowledge I haven't heard of any past wo bro regulars
actually going to the great bitcoin playground in the sky. (maybe others have, idk, I'm not in that loop)
I certainly hope that they rather they just got tired of the silliness and had better things to do irl after becoming rich.
Something that hasn't happened with me yet.... (I never tire of the silliness, I create it....)

GO BITCOIN

 

I think (hope) some of them will come back... WO needs the OGs back. NOT ROACH. Who shills for silver on a bitcoin forum? Seriously...

[ChartBuddy]

Explanation

[B1tUnl0ck3r]

I think (hope) some of them will come back... WO needs the OGs back. NOT ROACH. Who shills for silver on a bitcoin forum? Seriously...

Why post here? no iqs left...

most of you :



or your dream to make us of in.

[marcus_of_augustus]

... any word from Boblawblaw and his coronavirus battle ... hasn't been heard from since went down with that? 

[ChartBuddy]

Explanation

[marcus_of_augustus]

-snip-

-------

True story. Omitted many details in favor of OpSec.

So, it's not different this time... such a pity... anyways we can always try to sell at the top and buy back during the 2022-2023 bottom which is also a good thing. Just a reminder: don't sell all (or substantial part of your stash) and/or become a nocoiner/lowcoiner. In other words: don't mindrust it!  

To pull a canonical mindrust you need to sell the bottom. Selling near the top doesn't really count.

... there is actually another rung below a mindrust.

... first you do a mindrust panic-sell all your btc into a manufactured FUD major dippenning

... then when you realise you're getting left behind you put whatever remains from your rekt stash into shitcoins in desperate attempt to make back the losses

... it's equivalent of degenerate gambler who has $20 left at end of horrible night at casino and throws it all on a 00-green square in the roulette wheel on the way out the door

[bitebits]

Bitcoin is unstoppable!

Bitcoin Core 22.0 has just been released.

https://twitter.com/bitcoincoreorg/status/1437536856288251906?s=21

Quite like the work being done on the privacy end:
https://bitcoincore.org/en/releases/22.0/

- Added support for running Bitcoin Core as an I2P (Invisible Internet Project) service and connect to such services.
- This release removes support for Tor version 2 hidden services in favor of Tor v3 only, ...

Edit: - External signers such as hardware wallets can now be used.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ivomm]

Hello friends! I haven't written for a month because a series of unfortunate accidents which happened to my father during our vacation. His life was in a great danger and it is not over yet. I experienced a big shock and I still haven't completely come out of it. May God save us! I have the support of my faithful friends who have helped us tremendously and continue to do so. Regarding Bitcoin, I am not as happy as before, of course. But when I have a chance, I continue to buy. I will perhaps write more in a few weeks. Stay strong and hodl as long as possible!

[shahzadafzal]

Only if he knew about Bitcoin...
https://twitter.com/etribune/status/1437398873492832261