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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368539 times)
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Cosmic Beyonders
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April 19, 2022, 07:45:49 PM






Current Situation for the Market Dominance Be like 🤣🤣
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empowering
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April 19, 2022, 07:50:27 PM
Last edit: April 19, 2022, 08:01:00 PM by empowering

This man here bought 18,600 BTCs at $63k.
Current Loss: -404,775,658.1 USD
[...]
https://bitinfocharts.com/bitcoin/address/3K5dmrkBMS8ZVgERMLwiw7PJuG8GWTbo8e

what so we are r/bitcoinbets now?

No , wall observer.

Bitcoin Forum > Economy > Economics > Speculation (n memes n shit)

........ and not under "religion"
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April 19, 2022, 07:54:17 PM

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April 19, 2022, 07:55:27 PM

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April 19, 2022, 07:59:17 PM




Current Situation for the Market Dominance Be like 🤣🤣


Bitcoin doesn't need to do that. Neither Bitcoiners.
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April 19, 2022, 08:04:15 PM
Merited by JayJuanGee (1)



Current Situation for the Market Dominance Be like 🤣🤣


Not really. A better analogy would be :Bitcoin is the elder brother who gave his altcoin younger sibling an unplugged controller to make them happy.

They aren't actually doing anything.
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April 19, 2022, 08:05:10 PM
Last edit: April 19, 2022, 09:06:52 PM by JayJuanGee

"Juanita Nihilism Troll"  Cheesy  Cheesy .. that should be your description man.  Grin  Grin

You are somewhat pathetic save the rf...

I mean what else more could you do to attempt to get attention?

Maybe create a kimichi scratch and sniff, perhaps?



Damn.. I have no more merits to give! Sad

You fuck!


























#nohomo


 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
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April 19, 2022, 08:19:58 PM
Merited by El duderino_ (10), JayJuanGee (1)

<snipped>then he will no doubt be the first to say " I was down half a billion dollars , and now I am up 2 billion dollars"   and you are not going to say to him... "bro you ain't in profit until you sell bro"


Of course, I will (if getting $$ is the ultimate aim).

It only really matters if you want to use that btc as a collateral, then, yes, mark-to-market, etc, etc.
Besides, maybe it was not the fitst buy.
M. Saylor bought some at 17K, some at 32K, some at 60K, some at 40K (average about 30-31K, I think).

OT: Netflix loses subs, craters in extended time. Watch FB doing the same tomorrow.
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April 19, 2022, 08:25:10 PM

The thing is, no one can predict the future. That's why there's the saying "the best time to buy Bitcoin is now." The guy bought 18,600 BTC and then the price dropped 35%. It could have just as easily gone the other way. Endlessly postponing buying BTC in the hope that "the price gets lower," you may end up never buying at all.

In 2-3 years' time, the guy who bought 18,600 BTC could be sitting at a few billion dollars' worth of BTC. It could be the smartest investment he's ever made, even if he's "currently losing"...

I totally agree...

However, today he is not "currently losing", he is just currently losing. (as much as a guy with that much BTC can be considered "losing" lol)

[...]

The highlighted (and slightly FTFY -- strikethrough mine) part is what I believe most of us are trying to say... Owning BTC is a winning strategy almost by definition. Short-term fiat-equivalent value fluctuations are a known Bitcoin characteristic, which I'm sure the owner of the 18,600 BTC is well aware of. You can remove the quotes from "currently losing" if you wish, but I wouldn't consider that guy a loser.

I see your point though. If he were to sell today, he would be losing. And I will raise you and say that if he sells even when the price reaches $100k he will still be losing -- not fiat, but a future value that could be orders of magnitude higher.



https://twitter.com/gregschoen/status/70261648811761665?lang=en
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April 19, 2022, 08:32:08 PM
Last edit: April 19, 2022, 08:45:38 PM by JayJuanGee

This man here bought 18,600 BTCs at $63k.
Current Loss: -404,775,658.1 USD

https://bitinfocharts.com/bitcoin/address/3K5dmrkBMS8ZVgERMLwiw7PJuG8GWTbo8e

current loss = zero


he is hodling.

and he now has the opportunity to buy in at 41k

thus the 63k+41k = 104K / 2 or 52k price for break even.

That is exactly correct philip, and surely a real world demonstration to help to establish some of the benefits of incrementalistic investing rather than lump sum investing.

This man here bought 18,600 BTCs at $63k.
Current Loss: -404,775,658.1 USD

Current loss?
Unrealized "losses".
I also bought at $15k in 2017. How much was the "loss"?
Right: ZERO  Grin As well as the "gain", because i'm still hodling the coins from this transaction.


Perhaps according to some supposedly clairvoyant-wannabe folks, you were a loser for damned near close to 3 years while those BTC that you had purchased at around $15k were in the negative.


I will surely agree with your overall point that short term framings can fall quite short regarding how to consider bitcoins that you bought at certain price points, and also might not even account for various options that you would have had concerning how to manage your BTC portfolio since about early 2018 all the way until the end of 2020 when Bitcoin prices were below $15k.. and as we know had gotten all the way down into the lower $3ks for a period of time in late 2018 and early 2019.. and relapsed to a short downward spike in March 2020.

There are some folks who lost money in that period between - let's say mid-2017 until now in terms of their choices regarding how to manage their bitcoin holdings, and surely there are several of us who recognize ongoing accumulations through that whole time would have put almost everyone who mostly accumulated and HODLed in a damned good position today - even if they fucked up a whole hell of a lot, if they had decently solid strategies that mostly HODLed and accumulated they would have inevitably been good right now.

Now some traders are so smart in their own ways of attempting to define "accumulation" and they believe that selling can be considered part of "accumulation," and in my view selling is not part of accumulation - even though it could be part of managing a persons portfolio - which are not the same, and there is a need to consider where one is at in terms of his/her own BTC accumulation in order to know if there might be some ways that reasonable "managing" might be included within BTC strategies and employed practices.

You're just repeating the same BS without any arguments.
How do you expect anyone else but you would be able to understand what you actually mean, which is backed by... accusations out of thin air.

All right. How can I prove it with arguments then?
After four three years of reading you guys - I began to notice patterns. Very distinct ones too, coming from very specific accounts.

BTW, I’ll tell you why and how I started thinking about this.
I took in the literal meaning - one of your buddy’s claims - that we need the shill-onians to get us to where Bitcoin is going. [yousuck and titter promo]
You know, that beggar shill. Guess who trolled with his avatar subtext - “I need 3 Dogecoins, urgently”. Ring a bell?
Finally I know that you guys have very limited intellect, and you’re so full of shit. It’s because you’re sort of young and that also seems to be very common between you.

Nothing is proof of anything of course. But my gut, almost always, serves me right - without a fail.
No more benefits of a doubt for you. You’re a shill-onian, end of story.

The only delusional one seems to be uie-pooie Cryptotourist - especially when you get into the level of generalizations that you are making - including but not limited to this post of yours that I cited above.
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April 19, 2022, 08:49:35 PM
Last edit: April 19, 2022, 09:11:15 PM by empowering

<snipped>then he will no doubt be the first to say " I was down half a billion dollars , and now I am up 2 billion dollars"   and you are not going to say to him... "bro you ain't in profit until you sell bro"


Of course, I will (if getting $$ is the ultimate aim).

It only really matters if you want to use that btc as a collateral, then, yes, mark-to-market, etc, etc.
Besides, maybe it was not the fitst buy.
M. Saylor bought some at 17K, some at 32K, some at 60K, some at 40K (average about 30-31K, I think).

OT: Netflix loses subs, craters in extended time. Watch FB doing the same tomorrow.

exactly, prices go up and down, and that is ok, and expected, and inevitable, it is baked into the cake... natural & necessary.



The thing is, no one can predict the future. That's why there's the saying "the best time to buy Bitcoin is now." The guy bought 18,600 BTC and then the price dropped 35%. It could have just as easily gone the other way. Endlessly postponing buying BTC in the hope that "the price gets lower," you may end up never buying at all.

In 2-3 years' time, the guy who bought 18,600 BTC could be sitting at a few billion dollars' worth of BTC. It could be the smartest investment he's ever made, even if he's "currently losing"...

I totally agree...

However, today he is not "currently losing", he is just currently losing. (as much as a guy with that much BTC can be considered "losing" lol)

[...]

The highlighted (and slightly FTFY -- strikethrough mine) part is what I believe most of us are trying to say... Owning BTC is a winning strategy almost by definition. Short-term fiat-equivalent value fluctuations are a known Bitcoin characteristic, which I'm sure the owner of the 18,600 BTC is well aware of. You can remove the quotes from "currently losing" if you wish, but I wouldn't consider that guy a loser.

I see your point though. If he were to sell today, he would be losing. And I will raise you and say that if he sells even when the price reaches $100k he will still be losing -- not fiat, but a future value that could be orders of magnitude higher.



https://twitter.com/gregschoen/status/70261648811761665?lang=en

The guy, if it is an individual, or chick, or corp etc, is definitely not a loser imo, not saying that, just y'know, their BTC has less fiat price today, than when they bought it (which is a common predicament for many hodlers for certain periods of time, such is the game)


Agreed. Future price may be orders of magnitude higher.... it may not, but it most likely is going to be.


"owning BTC is a winning strategy"  fuckin' aye it is... 100% , zero argument from me..


I am pretty much a permabull longterm for BTC, in case anyone forgot or didn't know, or it was not clear... but then , it is not religion, and it is ok to discuss what it is, isn't, could be, wont be , etc


It is ok, for someone to point out that someone is currently down on their investment, such is the nature of the beast, especially this beast, volatility is its middle name.... and one of the reasons we love it, embrace that shit.


 
ps, for all we know the buyer was one of the sellers in the $67K+ region Wink  
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April 19, 2022, 09:03:34 PM


Explanation
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April 19, 2022, 09:11:40 PM
Merited by El duderino_ (5)

The thing is, no one can predict the future. That's why there's the saying "the best time to buy Bitcoin is now." The guy bought 18,600 BTC and then the price dropped 35%. It could have just as easily gone the other way. Endlessly postponing buying BTC in the hope that "the price gets lower," you may end up never buying at all.

In 2-3 years' time, the guy who bought 18,600 BTC could be sitting at a few billion dollars' worth of BTC. It could be the smartest investment he's ever made, even if he's "currently losing"...

I totally agree...

However, today he is not "currently losing" , he is just currently losing. (as much as a guy with that much BTC can be considered "losing " lol)

It is what it is,  I am donkeying about, playing devils advocate, whatever....

But, price moves in both directions.

This is not a bug and it is definitely a feature

Y'all realise that some people make/accumulate more BTC, when the price moves down right ?


It is not an "attack"  


Jus facts.


btw Viva la BTC !!!!  


Nothing wrong with some dry powder

For sure, it is good to keep some dry powder.

One of the risks of lump summing might be that too much of the wadd was blown.

I have my doubts that rich folks go all in at the top, so I would imagine that there has been some deployment of dry powder at various points along the way, and if there had not been, then that would go to show that even rich fucks might need to learn things about portfolio management.

Another point is that some richer folks give few shits at what price they might buy something like BTC because of BTC's hedge angle.. and both rich folks and institutions can frame bitcoin in that kind of a way - in terms of considering bitcoin a long term hedge.. so they might start to worry 8-12 years down the road if the hedge is not working out, but they might not be so bothered if there are ups and downs within a 3-6 year timeframe - even less of a time frame (less than 6 months) as is the case with this $63k average purchase example.
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April 19, 2022, 09:30:00 PM

BITCOIN IS VENICE: A CAPITAL RENAISSANCE

https://bitcoinmagazine.com/culture/bitcoin-is-venice-capital-renaissance
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April 19, 2022, 09:32:46 PM
Last edit: April 20, 2022, 09:00:33 AM by OutOfMemory
Merited by JayJuanGee (1)

You're just repeating the same BS without any arguments.
How do you expect anyone else but you would be able to understand what you actually mean, which is backed by... accusations out of thin air.

All right. How can I prove it with arguments then?
After four three years of reading you guys - I began to notice patterns. Very distinct ones too, coming from very specific accounts.

BTW, I’ll tell you why and how I started thinking about this.
I took in the literal meaning - one of your buddy’s claims - that we need the shill-onians to get us to where Bitcoin is going. [yousuck and titter promo]
You know, that beggar shill. Guess who trolled with his avatar subtext - “I need 3 Dogecoins, urgently”. Ring a bell?
Finally I know that you guys have very limited intellect, and you’re so full of shit. It’s because you’re sort of young and that also seems to be very common between you.

Nothing is proof of anything of course. But my gut, almost always, serves me right - without a fail.
No more benefits of a doubt for you. You’re a shill-onian, end of story.

DUDE, WHAT?!?!  Cheesy Cheesy Cheesy
What an awesome LOL that was!!!
Sorry, no offense (this time, i mean it)!

That "I need 3 Dogecoins, urgently" subtext was meant as a parody on that (real) Cuntonian dude begging for 3 Bitcoin!!! (thus revealing himself after lurking for months, AFAIR).
And you really thought i meant that... uhm... literally?!  Roll Eyes

Fuck, this explains every single of your posts about me (or my posts) recently! I'm fucking grateful, thanks Bro!
WHY did you wait so long to tell me?!

But read on: If you are registering distinct patterns in networked communication, chances are quite high that you have some light form of ASD. Again, i don't think ASD is any negative or "psycho", not in any way, for a reason. Some well known geniuses had ASD, it's just a different form of percepton and information processing.
I might go too far here maybe, but we were about some other thing originally.

To make it short: Sorry for my cuntonian parody subtext, why, not sorry, but sorry that you didn't get the irony. I change my subtext for fun, randomly, following ideas or feelings about some event, llike a Cuntonian finally revealing himself by begging, for example. You might notice that i had a subtext referring to one of your offensive posts about mine, in the range of days to weeks ago. And still my current subtext, which i just looked up again (my memory probs, if you remember), is a parody of that subtext which was a parody of the post(s) of yours.

(EDIT: quoted subtext for reference:
Quote
The original fake Bitcoin chuckold cunt!
)

You might feel as relieved as me, now.  Cool

EDIT: Good night as well!
(i lost the youtube link i wanted to put here)

* See, i just like life to be funny, it's full of too much shit anyway. That's all  Grin


EDIT2:

Had to re-read your post again:

I took in the literal meaning - one of your buddy’s claims - that we need the shill-onians to get us to where Bitcoin is going. [yousuck and titter promo]
I have some vague idea about what you mean, no idea WHO you mean, though.
Can't remember details, but that might have been irony as well, IDK.

Also, i repeatedly stated in the past that i look at WO (regulars) like a family, but you can't choose who belongs to or how somebody thinks or acts in your family.
These here are the only Bitcoiners which i share thoughts about Bitcoin with, and also even quite private stuff sometimes, but i see all of them as collegues, excluding shills, trolls, fucking roach (thank god he's gone) and some of the other cunts, which i also really try to accept in their presence. I haven't used the ignore list for months now, for higher reasons. Sometimes certain people just connect more, but if you insist on the term "buddies", i 'd say i consider a good amount most of WO's regulars would be such to me.

Quote
Finally I know that you guys have very limited intellect, and you’re so full of shit. It’s because you’re sort of young and that also seems to be very common between you.
Uhm, i don't want to brag, but in my case, the many scientific testings i gone through in the past simply prove you wrong, while i suck at social competence (IDC, though).
I am kind of young, right, but it's my lifestyle, not my physical age that determines my public image. So i'm kind of old AND kind of young simultaneously. That's why i don't really disagree, though i had lived probably more than the half of my life already, and it was a hell of a ride, sometimes.
"Hang loose!", as we oldschool skateboarders and our "ancestors" the surfers of the 70/80's used to say.

Quote
Nothing is proof of anything of course. But my gut, almost always, serves me right - without a fail.

Now i also understand that "benefit of doubt" argument of yours.

EDIT3:

WHO would really beg for 3 Doggiecoins!? Seriously! Thanks for all the laughs. Amazing!

Good night, for real this time  Smiley
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April 19, 2022, 09:50:43 PM



First Bitcoin and Ethereum ETFs to Debut in Australia
https://decrypt.co/98185/first-bitcoin-ethereum-etfs-debut-australia
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April 19, 2022, 10:04:55 PM


Explanation
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April 19, 2022, 10:47:48 PM
Merited by fillippone (3), vapourminer (2), JayJuanGee (1), bitcoinPsycho (1), DdmrDdmr (1), shahzadafzal (1), OutOfMemory (1)

This man here bought 18,600 BTCs at $63k.
Current Loss: -404,775,658.1 USD
[...]
https://bitinfocharts.com/bitcoin/address/3K5dmrkBMS8ZVgERMLwiw7PJuG8GWTbo8e

what so we are r/bitcoinbets now?

No , wall observer.

Bitcoin Forum > Economy > Economics > Speculation (n memes n shit)

........ and not under "religion"

Naaah we all just BTCdramaQueens

But that’s the fun side of it

Love it
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April 19, 2022, 11:01:22 PM


Explanation
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April 19, 2022, 11:09:01 PM

I'm still subscribed to a freelancer website (since 2008), didn't cancel my account because of ... why exactly? IDK.
In today's mail:

Quote
Crypto Trading Bot (ID: stripped)
Looking for an experienced coder to build a crypto trading bot that will run on a AWS server. Must have experience in block chain technology
Required Skills: programming, amazon aws, cryptocurrency
Fixed Price Budget: $5k-$10k

 Cheesy Cheesy Cheesy

Off for watching Legion Season 1. Thanks, STRF  Grin



Haha. Yeah, I joined that site at one time too. Complete joke.
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