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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26401174 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. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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February 07, 2023, 10:01:18 AM


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BitcoinBunny
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February 07, 2023, 10:07:56 AM

https://www.bbc.com/news/technology-64546299

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Google launches ChatGPT rival called Bard

Quote
Bard will be used by a group of testers before being rolled out to the public in the coming weeks, the firm said.

Google has a history of attempting countless pieces of software and even hardware and just dropping them when they get bored I guess.

It's one of the reasons many of their systems are so incredibly inconsistent.
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February 07, 2023, 10:32:50 AM

Best Instant Karma video ever.

https://twitter.com/i/status/1622692431358730240

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February 07, 2023, 11:01:18 AM


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February 07, 2023, 11:16:33 AM
Merited by El duderino_ (10), fillippone (3), xhomerx10 (1), d_eddie (1), DdmrDdmr (1), ivomm (1)

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February 07, 2023, 12:01:22 PM


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Bisq Market Day - March 20th 2023


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February 07, 2023, 12:44:18 PM

BREAKING: UK plans to ban hoarding of its CBDC, effectively limiting people's ability to save in the digital pound when launched - The Telegraph.

The 🇬🇧 UK needs #Bitcoin 

https://twitter.com/BitcoinMagazine/status/1622921137427517441?t=NTJV4rsY_s07rRWNqoLX-Q&s=19
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February 07, 2023, 01:01:17 PM


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February 07, 2023, 01:04:28 PM
Last edit: February 07, 2023, 01:34:28 PM by BitcoinBunny
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BREAKING: UK plans to ban hoarding of its CBDC, effectively limiting people's ability to save in the digital pound when launched - The Telegraph.

The 🇬🇧 UK needs #Bitcoin 

https://twitter.com/BitcoinMagazine/status/1622921137427517441?t=NTJV4rsY_s07rRWNqoLX-Q&s=19

Of course.
We are on a complete path of destruction as advised by the WEF criminals:

  • Pretend there is a choice at the ballot box.
  • Unaffordable high taxes for citizens and small businesses
  • Unaffordable for people to consider starting families. Let the country die. Need more people? Send a bunch of 20-30 year old men across the channel. Unlimited supply anyway.
  • Ensure no one has savings and instead becomes a massive slave to debt. Make sure interest rates nose dive again soon. (They won't stay above 4% very long trust me)
  • Ensure the country has endless debt and cannot properly function
  • When debt gets too high, just inflate the currency away harder than the 2%. This ensures more poor people and increases the rich - poor divide.
  • Ensure only big multinationals such as Pfizer, Shell, BP have a say in how things are ran
  • Pretend you care about the environment by instructing everyone to buy a £50,000 Electric Vehicle and thus have monthly payments as high as mortgages = more debt.
  • Start a fraud called 15 / 20 minute cities where you want to limit people's movement masking this with a utopian picture of lovely weather and people walking and cycling everywhere.
  • Destroy farmers and only import food from abroad or slowly tell population to become vegan or eat bugs.
  • Try to use the country's muscle to overthrow people such as Putin and the Chinese government who don't play ball.
  • Ensure government gets bigger and bigger
  • Ensure more red tape is added
  • Encourage weirdo things that destroys the family unit so that individuals can be attacked and enslaved easier such as: Drag Queen Story Hour in primary schools
  • Any outsider who wants to become a politician such as Nigel Farage and Donald Trump need to be endlessly mocked and taken down a peg or two. Only install geriatric insiders in government layers who follow WEF rules.
  • Bill Gates has us covered when it comes to what is best for health even though he made software attacked by endless viruses.
  • Ensure every delegate fucks Claus Schwab up the ass ever year in January/February preferably, he likes it rough.
  • Last but not least attack and destroy all inventions such as Bitcoin that can potentially give people back power.
  • Ensure media follows all these rules and play emotional ping pong games with people's minds to keep them occupied such as "Putin is a loser / Putin has cancer and will die tomorrow / Putin's army can't even invade a single toilet cubicle successfully" vs "Ukraine will die if we don't send nuclear weapons and donate another billion dollars to Zelensky's bank account." etc.


See those skyscrapers rising out of the desert in the middle east and endless shopping malls opening in African countries?
Why?
  • They have low taxes and are happy to trade with business partners such as Russia and China and don't give a crap what they get up to.
  • No/Less WEF rules.
  • Less media influence.
  • Discourage the use of drugs instead of encouraging them and letting cartels run your border.
  • Less government and personal debt and don't encourage these.
  • Capitalism is allowed to thrive with minimum influence. No endless civil servants you don't need.
  • Police are actually police, not people trawling through naughty things you write on Twitter.
  • No pathetic net zero targets which have only led to using even more of the precious world's resources. A Tesla takes 300 barrels of oil to make.
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February 07, 2023, 02:01:17 PM


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February 07, 2023, 02:19:59 PM
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A video on the Criminal Bill Gates.

https://twitter.com/i/status/1622801967138619394
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February 07, 2023, 02:35:10 PM

karma paid in cash. very good
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February 07, 2023, 03:01:21 PM


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February 07, 2023, 03:38:41 PM


 That bus driver  Cool - meting out punishment while continuing to drive the bus and alerting the police!
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Bisq Market Day - March 20th 2023


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February 07, 2023, 04:07:06 PM

DID YOU KNOW: Shell, the world’s second largest Oil and Gas company is sponsoring the 2023 #Bitcoin    Conference‼️

… $BTC clearly has a LOT to offer the energy sector



https://twitter.com/BitcoinNewsCom/status/1622946810191831041?t=63_EwcwZyI5J6mtnvBvrWg&s=19
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February 07, 2023, 05:19:53 PM

😪😪


https://twitter.com/BitcoinNewsCom/status/1622619949402292224?t=oSUQOrlYlZcdTJaJwbApCg&s=19
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February 07, 2023, 05:40:14 PM

@jjg...dude, it was all in my original post.
You were referring to 2014 to now and my simple answer is this:

you are talking about investing (dcaing) $47K (nine years) during that period to accumulate 45 btc.
I did not invest anything close to that particular number, but if I take my investments (unevenly spread from 2014-2023) as X and calculate from there, then, in proportion, I got 113-14 BTC accumulated (surely, the actual number is completely different because 47K is a random number as well).
113 is a much bigger number than 45, is it not?
I don't profess an investment acumen, mostly it is due to bulk purchase earlier than later.
People who bristle at mining have no clue about bitcoin. Bitcoin's heart is block validation via mining. Anything else, and it is NOT the same.

You still seem to be fighting the hypothetical... yet you are implying that whatever you did outperformed regular DCA by 150%... and if you are saying that you spent even less dollars, but you still accumulated 150% more BTC?  I am having difficulties believing that.. or how it might be applied to normies to be able to accomplish the same (a replicable model).

I think the point Biodom is making is that this isn't applicable to most normies. That's why it's generally not recommended to trade Bitocin. But the idea of a "normie" getting 150% more Bitcoin without DCA is totally believable, whether it be with bulk buying much earlier around 2014 (and not selling) or otherwise a few bulk buys/sells near the highs and the lows, whether it be by skill or luck, or a simple strategy. One example that doesn't take much thought process (or effort), even if a relative amount of stress, would be respecting the 4-year cycle of Bitcoin. It's not something I believe will work forever, but if you had followed this until now you'd have considerably more BTC over the past 8 or so years than DCA. Eventually you'll probably lose some coin over it, but likely it'll also only be excess profit to the satoshis you already made.

For example selling end of 2013 at $740, buying back beginning of 2015 at $319. That would have increased your stash by 131%. But also it's fair to assume that the 4-year cycle theory wasn't really established then first time around, so instead look at 2018 when it was more respected (tried and tested) as well as looking likely to occur. That would have been a sell at $13.9K (end of 2017) and a buy at $3.7K (beginning of 2019) --- that alone is an increase of 275%. Even the most recent cycle with selling at the end of 2021 at $46.6K and buying back beginning of 2023 at $16.5K would have increased your Bicoin holding by 182%. So with the past two cycles combined, ie since 2014, that would be a cumulative increase of 500%. I'm sure very few achieved this, but I don't doubt that some normies did if they worshiped the 4-year cycle.

Then you get down to when this cycle inevitably breaks, because over time it becomes less reliable. You could lose 50 % of your BTC and still be up 250%. Or even lose 75% and still be up 125%. Either scenario, even one that is a lucky break-even, then clearly you should call it quits. But until a winning strategy fails, there isn't much reason to abandon it. I'm sure there are other relatively simple strategies too that normies have used to increase satoshis (golden crosses & death crosses comes to mind investor wise), this is simply the one that comes to mind as probably the most reliable. Neither trying to sell tops or bottoms, but simply timing the market with time - not price. Like it or lump it, but you don't need to be a hedge fund or trading bot to outperform the market, even if it's generally advised (for good reason) not to do so.

The final reason a normie might not want to DCA per week, or even per month, could be simply based on the effort of transferring funds to an exchange, withdrawing to wallet, maintaining a portfollio/spreadhseet of all buys and sells in order to track progress. Over all, it's a lot of work. Whereas selling and buying only once each per 4 years actually sounds like a lot less effort! Whether it works better or not...
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February 07, 2023, 05:58:35 PM

Since chartbuddy is being a lazy punk, I would like to tell everyone that Bitcoin is currently pumping. Might be the new green candle of the month.
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