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

[DaRude]

Is crypto dead? 

Confirmed 

[Rosewater Foundation]

Everything going Tulips would be bad. Full stop.

I don't really see the Tulips in Bitcoin. Tulips were just complete fucking lunacy. Bitcoins are very different and the comparison barely holds as a meme.

obviously.

[AlcoHoDL]

For the tulip holders of the time, it must have been really tough keeping those super-expensive tulips healthy... They would have to water them regularly and protect them, and even feed them nutrients. Must have been really stressful for them.

Is crypto dead?  

Yes, and I like it that way! See reply above. BTC is really just some numbers with rare properties, not something organic and alive, no need to water or feed your coins. A TREZOR does all the work. Just HoDL!

[BTCMILLIONAIRE]

For the tulip holders of the time, it must have been really tough keeping those super-expensive tulips healthy... They would have to water them regularly and protect them, and even feed them nutrients. Must have been really stressful for them.

Is crypto dead?  

Yes, and I like it that way! See reply above. BTC is really just some numbers with rare properties, not something organic and alive, no need to water or feed your coins. A TREZOR does all the work. Just HoDL!

Are you discriminating against silicon based life forms?

[LFC_Bitcoin]

Expected correction after an unsustainable rise over the last few days. Nothing to worry about.

[Rosewater Foundation]

Fact: carbon based life forms are poorly equipped to survive the pressures of space.

[Biro Bob]

How many hodlers actually have less coins than they did four years ago? .

Corrections are a necessary evil, and whilst I hate seeing the value slashed, I don’t particularly worry about it.

In 2014, I was underwater by 60% and threw ‘good money after bad’... and bought some more Bitcoin and a bit of Monero (which was around 40 cents)!

Still waiting for the real dip.... muhahahaa (or weeeee x if I quote Gembitz)

[BitcoinBunny]

 

If you had to pick one, which one would it be:

1) Hold 3 BTC with the potential it being worth $100.000s or more in years time. You can spend it however you want but you cannot buy more BTC ever.


2) 20 Acres of Tulip fields. You can only use it to grow Tulips and sell them on in The Netherlands. Annual profit $25.000 but you don't have to do anything.


3) Have Emily Ratajkowski as your wife. Put up with her body and her shit for the rest of your life with no option for divorce, ever.




1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

 

[AlcoHoDL]

For the tulip holders of the time, it must have been really tough keeping those super-expensive tulips healthy... They would have to water them regularly and protect them, and even feed them nutrients. Must have been really stressful for them.

Is crypto dead?  

Yes, and I like it that way! See reply above. BTC is really just some numbers with rare properties, not something organic and alive, no need to water or feed your coins. A TREZOR does all the work. Just HoDL!

Are you discriminating against silicon based life forms?

I was just about to post a meme of Salma Hayek, but you've already corrected it.

[Rosewater Foundation]

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

 

Can you unpack option 3 a bit? How could I afford to keep her?

[AlcoHoDL]

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

Easy. #1 because with my 3 BTC I will soon be able to do #2 and #3 (and be left with more than 2 BTC)...

[BTCMILLIONAIRE]

If you had to pick one, which one would it be:

1) Hold 3 BTC with the potential it being worth $100.000s or more in years time. You can spend it however you want but you cannot buy more BTC ever.
*snip*

2) 20 Acres of Tulip fields. You can only use it to grow Tulips and sell them on in The Netherlands. Annual profit $25.000 but you don't have to do anything.
*snip*

3) Have Emily Ratajkowski as your wife. Put up with her body and her shit for the rest of your life with no option for divorce, ever.
*snip*



1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

 

I'd go with 2. $25k annual guaranteed profit is pretty good. It's enough to live frugally and invest >10k a year into literally anything, including Bitcoin.
So regardless of the crypto market, this will be a very easy and carefree life.

The first option has the risk of losing everything and not being able to buy additional Bitcoin seems potentially bad in the offchance event that it becomes the dominant currency.

And the last option? Don't give a shit about whoever that person is, never even heard of her and doesn't look my type.

For the tulip holders of the time, it must have been really tough keeping those super-expensive tulips healthy... They would have to water them regularly and protect them, and even feed them nutrients. Must have been really stressful for them.

Is crypto dead?  

Yes, and I like it that way! See reply above. BTC is really just some numbers with rare properties, not something organic and alive, no need to water or feed your coins. A TREZOR does all the work. Just HoDL!

Are you discriminating against silicon based life forms?

I was just about to post a meme of Salma Hayek, but you've already corrected it.

Post it anyways?

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

 

Can you unpack option 3 a bit? How could I afford to keep her?

By working your ass off and never hearing the end of it.

[Rosewater Foundation]

It must be really tough keeping those super-expensive Emily's healthy... You have to water them regularly and protect them, and even feed them nutrients. Must be really stressful.

[BTCMILLIONAIRE]

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

Easy. #1 because with my 3 BTC I will soon be able to do #2 and #3 (and be left with more than 2 BTC)...

#2 you get to buy 2.5 BTC which is only half a BTC short of #1 in the first year alone, which is just about to end. Going to end up with more Bitcoins with #2, especially if you reinvest.

[Icygreen]

If you had to pick one, which one would it be:


1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

 

I'd take my chance with 3 BTC
Not really interested in 20 acres of tulips and the 25k is not enough.
I'm already married and although I love a nice body, they decline over the years, guaranteed. And she'll likely take half the 3 btc anyhow.

[vroom]

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down..

you posted the same shit a few pages ago.

[AlcoHoDL]

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

Easy. #1 because with my 3 BTC I will soon be able to do #2 and #3 (and be left with more than 2 BTC)...

#2 you get to buy 2.5 BTC which is only half a BTC short of #1 in the first year alone, which is just about to end. Going to end up with more Bitcoins with #2, especially if you reinvest.

Well, 2017 is out, tulip money will come after you sell them. By that time you will barely be able to buy 1 BTC with that money. The following year it will be 0.1 BTC, the one after that 0.01 BTC, ad infinitum. With option #2 you'll end up with exactly 1.111... BTC, according to my calculations.

[BitcoinBunny]

Great answers.
Thanks for the laughs and reasoning. 

[JayJuanGee]

How many hodlers actually have less coins than they did four years ago? .

Corrections are a necessary evil, and whilst I hate seeing the value slashed, I don’t particularly worry about it.

In 2014, I was underwater by 60% and threw ‘good money after bad’... and bought some more Bitcoin and a bit of Monero (which was around 40 cents)!

Still waiting for the real dip.... muhahahaa (or weeeee x if I quote Gembitz)

Yep... exactly...

I had some spike periods of being greater than 60% in the red, too.. and just continued to dollar cost average into bitcoin, and currently, I have maintained my BTC investment around 89% bitcoin and 11% fiat... yet the 11% amounts to nearly 2x of the amount of my overall original investment.. furthermore, I will use that 11% fiat to buy back bitcoin, in the event that we experience any kind of decent sized correction.. but, even assuming that my 11% fiat is still totally invested into bitcoin, feels really good to have so much extra fiat that really amounts to more than 12x of profits under any even worse case scenarios... or cushion or whatever kind of flexibility, even if BTC prices fall to $2k or below, still a lot of profits, there. 

I am still considering that less than $2k is pretty unlikely, and we are likely to get considerable UPwards price movement first...

or maybe phrase this in another way.. $15k and above seems more likely to be reached first before $4k or below.. but I do feel pretty prepared (currently) for price movements in either direction.

[BTCMILLIONAIRE]

1) 3 BTC
2) Tulip fields
3) Emily Ratajkowski

Easy. #1 because with my 3 BTC I will soon be able to do #2 and #3 (and be left with more than 2 BTC)...

#2 you get to buy 2.5 BTC which is only half a BTC short of #1 in the first year alone, which is just about to end. Going to end up with more Bitcoins with #2, especially if you reinvest.

Well, 2017 is out, tulip money will come after you sell them. By that time you will barely be able to buy 1 BTC with that money. The following year it will be 0.1 BTC, the one after that 0.01 BTC, ad infinitum. With option #2 you'll end up with exactly 1.111... BTC, according to my calculations.

2017 is almost out, so we're getting 2.5 BTC in the first year and who knows what in the second year. Keep in mind that the tulip field is also real estate which is bound to have quite some value. Might even want to consider just selling it for more Bitcoin than #1 anytime before or after the first round of profits.