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

[rjclarke2000]

£5000 for you gorgeous Brits.

You sweet talker you 

[lightfoot]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

[JayJuanGee]

An 11 year old should not have full title to bitcoin that was "given" to her.

You gotta build character in her first...

Otherwise, she become SPOILT BRATT, if she already NOT one. 

Jaysus, JJG - tend to your own garden, willya?

I know eight nine year olds with responsible full discretion over their Bitcoin. Hell, my granddaughters already have liquid assets larger than the average adult. Thanks to Bitcoin

https://www.wsws.org/en/articles/2014/02/04/cfed-f04.html

Hahaahahahahaha...

One spoilt bratt might not recognize another spoilt bratt, then.   

I have the right to provide my opinion, which I did.  Kids should be formed and conformed and built and not given free range or financial freedom until they achieve those formative objectives.....   There you go, and perhaps you heard it here, first?

Sounds like you, contrarily, would like to screw up the whole world with gifting to kids and also fucking around with stupid-ass renegade forks too, while acting as if they are the be all cure all to bitcoin's supposedly imagined woes.   

It is my opinion, and I dont have any kids but was once one of those, that the sooner they learn the concepts of money, saving, etc the better.

It would be way better to give the kids some (very limited) money so that they learn to spend it wisely in whatever they want/need than just buy them almost everything they ask for (as many parents irresponsibly do).

Learning money is a limited resource (and how to manage it) since their childhood is one of the most useful lessons they can learn for their entire life. And the next lesson should be to start saving (even if ridiculous amounts) around 10 years old for their entire life.

Investing and the power of compounding interest should be learned by 15.

Any mistakes they make at those ages will be very "cheap" lessons in comparison to later in their life... and they won't ever forget about it.

I am not saying that there are not ways to teach kids about money, and all of your points are valid and my theory or suggestion(s) does (do) not negate any of what you are saying. 

Accordingly, there are all kinds of ways to teach those little fuckers, including some of what you mentioned, without necessarily spoiling them.   

[Last of the V8s]

[JayJuanGee]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

Hm?  Even though you make some decent points, you are reading the wrong sources if you think that, currently, we are in a dot.com bubble - however, it does not hurt to skim a little bit of profits off the top as we continue to go

up


and


Up



and


UP.

[yefi]

Accordingly, there are all kinds of ways to teach those little fuckers, including some of what you mentioned, without necessarily spoiling them.   

* yefi wheels out the rack.

[Rosewater Foundation]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

[lightfoot]

Hm?  Even though you make some decent points, you are reading the wrong sources if you think that, currently, we are in a dot.com bubble - however, it does not hurt to skim a little bit of profits off the top as we continue to go

Oh people said that during the bubble too. They called it the new economy. If we ever get together I'll tell you funny stories.

That said I remember afterwards when we measured AAPL stock in BTUs. In other words, how many BTUs of heat it would generate if you burned it.

AAPL is worth a tad bit more now. Thus it is with bitcoin IMO.

[ivomm]

Here we are, 6666.6

Yaay!

CNBC, November, year 2018: "Today Bitcoin just hit alltime high 66 666$! BCH and B2X both gained 5% to return to 105$."

[Syke]

[Last of the V8s]

This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

hmm cryptic.
so far, yes, you've been economical with your insights, we're well aware  

[willope]

$6666

[AlcoHoDL]

I've just wiped my TREZOR and recovered it using my seed backup, just to make sure everything's in order (which it is!).

Double-check you have your recovery seed backed up and safely stored in multiple places (not all in the same physical location). I can't imaging how I would feel if I discovered that I didn't have access to my coins...

[Wekkel]

This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:

1) NEVER CONFUSE LUCK WITH SKILL
2) Some people will cash out for hookers and blow
3) Some people will not cash out for hookers and blow.

Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.

This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

I know I am holding and I know when I am folding.

Wake me up when price doubles within one week  

[BlindMayorBitcorn]

This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

hmm cryptic.
so far, yes, you've been economical with your insights, we're well aware  

In all seriousness. I couldn't have done it without you. This has been a richly rewarding experience. So satisfying.

[xhomerx10]

This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now.

hmm cryptic.
so far, yes, you've been economical with your insights, we're well aware  

 My favourite is the one about putting one's entire stash on an exchange pre-fork.  That right there is penetrating insight.

[podyx]

The volatility seems to slowly get going.

Only a matter of time before we jump $1000 in 1 hour now

[bitcoinPsycho]

 
Dear GDAX Customer,
 
We wanted to remind you that the upcoming Bitcoin Segwit2x hard fork is projected to take place on November 16 and will result in two bitcoin blockchains.
 
Following the fork:
GDAX will continue referring to the current bitcoin blockchain as Bitcoin with ticker BTC and the forked blockchain as Bitcoin2x with ticker B2X.
GDAX will disable deposits and withdrawals for Bitcoin (BTC) approximately 24 hours before the fork and re-enable 24-48 hours after the fork for both Bitcoin (BTC) and Bitcoin2x (B2X).
GDAX will enable trading of both BTC and B2X within 4 hours of the fork.
Any customer storing Bitcoin (BTC) on GDAX at the time of the fork will be credited with an equal amount of the Bitcoin2x (B2X) asset on the Bitcoin2x blockchain.

If the Bitcoin2x blockchain becomes the chain with the most accumulated difficulty, and the chains are in a stable state, we will consider renaming it to Bitcoin and send an additional communication at that time. We will consider other factors such as market cap, community support, etc to determine stability. We will start evaluating this 2 weeks after the fork.

For a detailed timeline of events surrounding the fork please see our blog post and FAQ.
 
Thank you,
GDAX
 





don't think I'll be dumping my 2x coins as fast as I dumped my bch

[fallinglantern]

(CAD)

[gentlemand]

Well, I guess another fruitful November is on the cards and it's still the 1st where I'm at. This time around I hope the aftermath is a bit more cheerful.