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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25498441 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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September 15, 2021, 04:59:05 PM
Merited by El duderino_ (2)

@JayJuanGee, yeah I drew that by myself and it wasn't a blindfold. I like to look at trading from the TA perspective. Well, I really don't know if your question was a mockery or you actually wanted to know a thing or two but let me quickly say that what you've there are BB, MA and a horizontal line to show for TA inclination.

Of course, I am not against squiggly lines and TA, so long as they are considered in a proper context.... including considering that the mere placement of squigglies on a chart can sometimes communicate (intentionally or not) subliminal messages that may well assign higher expectations than such line might have intended to communicate by the author... and sure sometimes even the author of the squiggly line(s) will sometimes assign more value than deserves to various squiggly lines once drawn.
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September 15, 2021, 05:01:25 PM


Explanation
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September 15, 2021, 05:14:25 PM
Merited by El duderino_ (10), vapourminer (1), JayJuanGee (1), BlackHatCoiner (1)

@JayJuanGee, yeah I drew that by myself and it wasn't a blindfold. I like to look at trading from the TA perspective. Well, I really don't know if your question was a mockery or you actually wanted to know a thing or two but let me quickly say that what you've there are BB, MA and a horizontal line to show for TA inclination.

Of course, I am not against squiggly lines and TA, so long as they are considered in a proper context....

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September 15, 2021, 05:37:18 PM

If that chart looks like Godzilla is about to stand up, you will see it fire some laser eyes following a trend line going uppity.
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September 15, 2021, 05:47:51 PM

If that chart looks like Godzilla is about to stand up, you will see it fire some laser eyes following a trend line going uppity.

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September 15, 2021, 06:01:34 PM


Explanation
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Doomed to see the future and unable to prevent it


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September 15, 2021, 06:21:03 PM

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

Probably CIA backed, some things never change.
El duderino_
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September 15, 2021, 06:36:14 PM
Merited by JayJuanGee (1)

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September 15, 2021, 06:43:10 PM
Merited by vapourminer (1), JayJuanGee (1)

"macro-supply squeeze".  wow kids these days come up with the darnest things
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September 15, 2021, 06:44:30 PM
Merited by JayJuanGee (2), AlcoHoDL (1)

[edited out]

The "pyramid scheme" was an attempt to raise understanding WHY nocoiners still see Bitcoin as such, while the actual happenings (history) of Bitcoin show that it's not really the case.
People tend to simplify (as do i in my argumentation more often than not). It's easier for them to remember the pyramid scheme narrative than educate themselves in Bitcoin, economy and sound money principles. Bringing in the "pyramd scheme argument" was a perfect move and the narrative grew successfully.
Now it's harder to get followers of the "pyramid scheme conspiracy" educated. A (temporary) win for the "fiat society", because people tend to stay with simple explanations and affirmations. Most people do hard to change their beliefs. Give a simple explanation for a complex question (on a complex subject) and the most dumbest guy/gal will "understand".

We can agree to disagree..  As I already attempted to explain, I consider that the pyramid scheme framework is the opposite of helpful because it is misleading about what bitcoin is, even if people might be able to relate to such a framework.

That is an important factor of AlcoHODL's collegues and relatives NOT really understanding Bitcoin, because they think they already do.

I have my doubts about if AlcoHoDL would be presenting the pyramid scheme as an educative framework to explain bitcoin, unless he were merely striving to contrast bitcoin with such scheme in some kind of way.

Perhaps AlcoHoDL could chime in on this point in terms of whether he would use a pyramid scheme framework to explain bitcoin, merely as a contrast or in some other way.. As I already mentioned, seems distracting and misleading in terms of costs versus benefits in using it rather than helpful from my point of view.

Second biggest factor: Trust.
Humans trust information more, the closer the relation is to the informer. We don't want to be alone, we don't want to decide alone, so we take over narratives from people we look up to, as well as from people we relate to on the "same height of sight" (as we tend to say in my country). While people like us (WO's) are likely seen as freaks by normie nocoiners, they tend to keep trust to information from other normie nocoiners, which form a bigger group they feel related to, while we may seem like mavericks.

Fair enough.  There surely is going to be a need to attempt to relate to any audience that we have, and surely any audience is going to be more receptive when able to relate - but I doubt that should mean that we give up and say that we are ONLY going to allow nocoiners to educate other nocoiners, because then they would be just sharing a circle of ongoing retard.

In the background it's even more complicated, just wanted to highlight the simple aspects that stand out more.
To keep it short: Peeps either doing something or not, they are basically driven by fear or love. They fear (refuse) things they don't know, they love (accept) things they do know.

With almost any kind of learning, especially something that seems daunting and complicated, it can take quite a bit of time to get to various points of understanding... so sure, the more that is understood about basics, then the easier it becomes to learn more complicated ideas after gaining more foundational understandings.  And, sure many times, many of us fear being overwhelmed by too much information and we have to attempt to learn at a pace that allows the information to sink in rather than completely going passed us.

Strangely, my attention was always drawn to the unknown (which provided me fantastic experiences in the past and present, by the way).

Of course, some people are more adventurous than others in terms of desires to learn, and even some people who might not have tended to be intellectually curious can sometimes be brought around to increasing their intellectual curiosity after they learn some basics that they had not previously understood.  Surely, people are not necessarily going to totally transform their way of being or their seemingly natural inclinations, but sometimes they will develop curiosities in areas that had previously been uninteresting to them.

EDIT: Fuck, missed to break CB triplet by a minute :/

You slowpoke!!!!!!!    Angry Angry Angry

I see your point. Let's move away from the pyramid thing, because it's an explanation only nocoiners tend to use, anyway.
THB, when i originally wrote it, i had that feeling it might go wrong a little (way less worse than expected, though).

There's a big problem with education. Most people don't want to get educated, because it makes them feel dumb.
... let that sink in first.

Only 10 more seconds...

It makes them feel dumb because they think they already know enough about (Bitcoin. Mainly because someone, or the MSM channels they trust).
So they unconsciously think if someone educates them about something they already (believe) to know, the one educating them is looking down on them.
This is because most humans are still more like apes. Give em a pussy/dick and a banana, they're happy. Take their pussy/dick away (or their banana), they get angry.
It's only that we all learned to communicate and imagine on a high level, which in turn built so much brain mass, that almost nobody is able to use it in a sane way.
The imagination factor, in contrast to chimpanzees, makes them even angry when they imagine someone takes their banana (or pussy... you know the deal).
This way, "normal" peeps are easy to manipulate. Just tell them they gonna lose their wealth when investing it into a new digital money they can't touch and spend at Walmart, and those who had it first will sell it later for them to lose. It's sufficient to put off 99% of peeps investing into Bitcoin. Repeat it often enough and they will also spread the word, effectively becoming educators themselves.
So imagine AlcoHODL walks up tp these people, tells them about Bitcoin, they laugh about him, thinking to be more educated than he is about BTC.
There is very little chance to make them understand even the core principles of BTC, because every explanation will trigger a millisecond response from their mind. Like "i know already, BTC is a scam, we all know. Only AlcoHODL puts in all his money, which he is gonna lose for sure. What a moron. And then he's trying to convince us... LOL" - They are not even aware of those internal responses of their mind, because they are just impulsive feelings, summaries of a contextual "knowledge" they have built over time.
I was a hardcore leftie when i was young, so i learned not to trust banks pretty soon, to question WHY somebody is super successful or rich. For me, Bitcoin was a revolution in itself, as soon as i educated myself about it. Nobody walked up to me and said: "have you heard of that new internet money?".

To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin.
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September 15, 2021, 06:48:22 PM

~sjipped~.

Of course, I am not against squiggly lines and TA, so long as they are considered in a proper context.... including considering that the mere placement of squigglies on a chart can sometimes communicate (intentionally or not) subliminal messages that may well assign higher expectations than such line might have intended to communicate by the author... and sure sometimes even the author of the squiggly line(s) will sometimes assign more value than deserves to various squiggly lines once drawn.
😆😅 Oh dear! This is squigglier than the lines, howbeit.
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September 15, 2021, 06:48:33 PM
Merited by El duderino_ (2), serveria.com (1), OutOfMemory (1)

...

To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin.


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September 15, 2021, 06:50:57 PM

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

Probably CIA backed, some things never change.

Also, these are a nor more than handful of El Salvadorians.
MSM: "The people of El Salvador..."

We call this "Bullshit Bingo" hereabouts.

...

To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin.


https://www.cryptocraft.com/attachment.php?attachmentid=3817847&stc=1&d=1608562267

Merited, mainly because it's so sadly true and ironic at the same time.

El duderino_
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September 15, 2021, 06:53:53 PM

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September 15, 2021, 06:57:37 PM
Merited by Hueristic (1), JayJuanGee (1), strawbs (1)

^ I actually catch myself more often thinking what china actually wants to achieve, lately.
Seems they are blindly trying to fix (economic) holes, not aware of the medium- and long-term consequences.
Short: "How to fail".

EDIT:
See, see... Bitcoin knocking at the € 41.000 door again.
Shouldn't take long until "the market" will open it  Grin

EDIT2: Of course, China may get a grip on their economy if they radically change it. They held the most powerful tool in their hands already, then they banned it, because they were too dumb to efficiently use their energy resources to get a significant share. But when you look at their totalitarian leaders, it was best this way for the rest of the world.
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September 15, 2021, 07:01:26 PM


Explanation
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September 15, 2021, 07:11:20 PM

^ I actually catch myself more often thinking what china actually wants to achieve, lately.
Seems they are blindly trying to fix (economic) holes, not aware of the medium- and long-term consequences.
Short: "How to fail".

EDIT:
See, see... Bitcoin knocking at the € 41.000 door again.


It's long overdue. We should be at around $60k by now right under the previous ATH. Price manipulation at it's finest....  Cool
JayJuanGee
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September 15, 2021, 07:22:32 PM

"macro-supply squeeze".  wow kids these days come up with the darnest things

One guy's supply shock is another guy's macro supply squeeze..


Go figure...    Shocked Shocked Shocked





Oh?  It's the same guy.

 Wink
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September 15, 2021, 08:01:26 PM


Explanation
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Volcano Corn!


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September 15, 2021, 08:17:56 PM

"macro-supply squeeze".  wow kids these days come up with the darnest things

That dude really is a "kid" too.. I think he's a 19 year old whiz-analyst... quit school to work for some analysis firm or something...
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