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

[Toxic2040]

"I got into Bitcoin because I was a computer geek who loved the concepts of open-source software, peer-to-peer networking and cryptography."

"I had sufficient confidence in the importance of this new technology to not only hold on to all of my coins when the price dropped to $50, but to keep buying more."

"It was never about trying to get rich. It was about doing something good."

"All we can do is play the cards we're dealt as best we can."

I really have a man crush on your ideology Jimmie. Refreshing to know I am not alone.

Something else to ponder...This Wall we observe...this is a historical document..one wonders what will be thought about it in the future. Some of the replies and responses left here will potentially guide future generations.

Think about these things as you glibly type down what ever stray thought comes to mind. We are the forerunners of a paradigm shift in not only the world of financial markets but in the basic fundamental structure of society.

tl;dr  Raise the bar.

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[BTCMILLIONAIRE]

Well..looks like everyone has been eating their Wheaties this morning....good...must be time for some game theory. Btfd's.

http://trust.fehradvice.com/

This is amazing.

I got some good advice once. Treat everyone the best you can when you first meet, and after that treat them how they treat you. In this particular game, that worked great.

Edit: I AM COPYCAT!

Brilliant intro into Game Theory. Wish schools sought out such ways to introduce students to concepts.

I'm mostly a copycat too. Nice to everybody I meet, then just adapt to their behaviour. There haven't been many cases where I'd cut someone off entirely for being a massive twat. Arguing with people can be tons of fun though, not to mention the intellectual exercise, so I don't mind hostile encounters as long as they don't get physical.

[BTCMILLIONAIRE]

"I got into Bitcoin because I was a computer geek who loved the concepts of open-source software, peer-to-peer networking and cryptography."

"I had sufficient confidence in the importance of this new technology to not only hold on to all of my coins when the price dropped to $50, but to keep buying more."

"It was never about trying to get rich. It was about doing something good."

"All we can do is play the cards we're dealt as best we can."

I really have a man crush on your ideology Jimmie. Refreshing to know I am not alone.

Something else to ponder...This Wall we observe...this is a historical document..one wonders what will be thought about it in the future. Some of the replies and responses left here will potentially guide future generations.

Think about these things as you glibly type down what ever stray thought comes to mind. We are the forerunners of a paradigm shift in not only the world of financial markets but in the basic fundamental structure of society.

tl;dr  Raise the bar.

I actually love how the internet makes it much easier for people who feel disillusioned with their environment to find nudges towards a better future. Based on my environment I should be an envious bumbling idiot who complains about evil rich and successful people, not to mention overly arrogant and ignorant. Really glad I got into games and the internet at a young age, since I would've most certainly lost my drive otherwise.

[bitserve]

I have a bank account and some credit cards with just enough to pay the bills. The rest are in crypto. It's more convenient and you do build up a good credit rating or credit score if you pay off all your cards or keep utilization below 5%.

When you guys talk about credit utilization.... do you mean something like deferring payments instead of paying the bill at end of month?

Never knew anyone that would do that. Looks suicidal considering the extreme interest. I would expect someone having to resort to that type of credit to be on the verge of bankruptcy already. Same with the people leasing or buying cars on credit (although I know some of those).

Utilization (for credit rating purposes) is usually the balance at the time of the statement or whenever the bank reports it to the CRA. So you can have some utilization (under 10% preferably) and pay it off without interest within the grace period, 20-30 days.

Edit: I drive a leased car. With interest rates near 0% it makes sense for a couple of reasons - opportunity cost and depreciation risk.

As long as it is interest free it is ok for me. Credit cards are convenient. But if I had to pay ANY interest I would resort to other payment options. It's no wonder they keep bombarding with the "great" conditions of their payment deferrals. The irony is that I would give NO credit to anyone that really was willing to pay that outrageous interest (looks really desperate and incapable of repayment).

ABout the leased cars... if you can do it with a negligible interest rate or you can deduct it as a business expense that is a very different thing. If you did it because you were UNABLE to pay it upfront and instead opted to pay outrageous interest fees over a few years that is again a sign of walk to the path of bankruptcy, it's those ppl who I was referring to. Although the credit card thing looks much more critical to me.

[suchmoon]

As long as it is interest free it is ok for me. Credit cards are convenient. But if I had to pay ANY interest I would resort to other payment options. It's no wonder they keep bombarding with the "great" conditions of their payment deferrals. The irony is that I would give NO credit to anyone that really was willing to pay that outrageous interest (looks really desperate and incapable of repayment).

ABout the leased cars... if you can do it with a negligible interest rate or you can deduct it as a business expense that is a very different thing. If you did it because you were UNABLE to pay it upfront and instead opted to pay outrageous interest fees over a few years that is again a sign of walk to the path of bankruptcy, it's those ppl who I was referring to. Although the credit card thing looks much more critical to me.

I use credit cards only for their perks (cashback) and to prop up my credit score. Hate that game but it's unavoidable. Pay in full before due date.

Most of car lease "deals" are horrible and lots of people tend to overpay because they focus only on the monthly amount, allowing dealers to screw them on down-payment and interest. These days car sales in the US are tanking (cars as in "not SUVs or trucks") so with a little bit of effort I can get a sweet discount and/or inflated residual value, drive it for 3 years, and leave the manufacturer holding the bag on depreciation. And keep my bitcoins too.

I've been in the debt spiral too. Not a fun time. Some expensive lessons have been learned.

[infofront]

I have a bank account and some credit cards with just enough to pay the bills. The rest are in crypto. It's more convenient and you do build up a good credit rating or credit score if you pay off all your cards or keep utilization below 5%.

When you guys talk about credit utilization.... do you mean something like deferring payments instead of paying the bill at end of month?

Never knew anyone that would do that. Looks suicidal considering the extreme interest. I would expect someone having to resort to that type of credit to be on the verge of bankruptcy already. Same with the people leasing or buying cars on credit (although I know some of those).

If you have good credit, you can easily find offers of 12-18 months at 0% interest.
When bitcoin began tanking last month I opened one of these. I did the same in 2014.

[ChinkyEyes]

Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments.

This bothers me a lot about people. I can't get why they are not willing to change up their lifestyle and mindset to reach the goals they desire. My theory on why so far, is that they are easier satisfied and they are happy enough with things staying like the way they are. Therefore don't feel the need to work on oneself. Some people just don't need much in life and are perfectly fine being mediocre. It's something that I sometimes I admire in people, the simplicity of being satisfied with less.

[BTCMILLIONAIRE]

Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments.

This bothers me a lot about people. I can't get why they are not willing to change up their lifestyle and mindset to reach the goals they desire. My theory on why so far, is that they are easier satisfied and they are happy enough with things staying like the way they are. Therefore don't feel the need to work on oneself. Some people just don't need much in life and are perfectly fine being mediocre. It's something that I sometimes I admire in people, the simplicity of being satisfied with less.

But why would they complain so much if they were satisfied? And why would depression and suicide rates both be climbing?

I have a bank account and some credit cards with just enough to pay the bills. The rest are in crypto. It's more convenient and you do build up a good credit rating or credit score if you pay off all your cards or keep utilization below 5%.

When you guys talk about credit utilization.... do you mean something like deferring payments instead of paying the bill at end of month?

Never knew anyone that would do that. Looks suicidal considering the extreme interest. I would expect someone having to resort to that type of credit to be on the verge of bankruptcy already. Same with the people leasing or buying cars on credit (although I know some of those).

If you have good credit, you can easily find offers of 12-18 months at 0% interest.
When bitcoin began tanking last month I opened one of these. I did the same in 2014.

Damn, I wish there was 0% interest available here. I'd load up hard.

[jbreher]

After BTC dumped so hard, it was just a matter oft time until BCH started trying to overtake again. It is rather probable that this pump is just starting and could geht BCH close to 1:1 for BTC with current weakness and high amount oft free capital!

ignored

Haha! wimp.

XD

If you see jbreher on the train he or she is not invited . die bch die

salty?

[bitcoinPsycho]

After BTC dumped so hard, it was just a matter oft time until BCH started trying to overtake again. It is rather probable that this pump is just starting and could geht BCH close to 1:1 for BTC with current weakness and high amount oft free capital!

ignored

Haha! wimp.

XD

If you see jbreher on the train he or she is not invited . die bch die

salty?

I suppose so 

[infofront]

I thought this was a really good comparison: Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Perhaps 2018 is bitcoin's 1994.

[BTCMILLIONAIRE]

I thought this was a really good comparison: Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Perhaps 2018 is bitcoin's 1994.

Hopefully not to the tee. If the timeline was the same we'd be quite far off from mainstream adoption. Wouldn't mind seeing it a bit earlier than that. Wasn't the internet fairly unpopular until 2012ish and on? Don't really remember when it exploded anymore since I kept doing my thing unphased.

[rafanadal]

I thought this was a really good comparison: Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Perhaps 2018 is bitcoin's 1994.

Hopefully not to the tee. If the timeline was the same we'd be quite far off from mainstream adoption. Wouldn't mind seeing it a bit earlier than that. Wasn't the internet fairly unpopular until 2012ish and on? Don't really remember when it exploded anymore since I kept doing my thing unphased.

Lol the internet was popular way before 2012

[fragout]

I thought this was a really good comparison: Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Perhaps 2018 is bitcoin's 1994.

Hopefully not to the tee. If the timeline was the same we'd be quite far off from mainstream adoption. Wouldn't mind seeing it a bit earlier than that. Wasn't the internet fairly unpopular until 2012ish and on? Don't really remember when it exploded anymore since I kept doing my thing unphased.

Not sure of the year but I think it exploded when the 56k modem finally arrived and you didn't have to wait 30 minutes for a playboy pic to load anymore.

[explorer]

I thought this was a really good comparison: Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Perhaps 2018 is bitcoin's 1994.

Hopefully not to the tee. If the timeline was the same we'd be quite far off from mainstream adoption. Wouldn't mind seeing it a bit earlier than that. Wasn't the internet fairly unpopular until 2012ish and on? Don't really remember when it exploded anymore since I kept doing my thing unphased.

Not sure of the year but I think it exploded when the 56k modem finally arrived and you didn't have to wait 30 minutes for a playboy pic to load anymore.

I got Cable in 1997...Wiped the floor with 56k 

[infofront]

I thought this was a really good comparison: Striking similarity between Ellen DeGeneres' 2018 "Bitcoin Explanation" and 1994 Today's Show "What is the Internet, Anyway?"

Perhaps 2018 is bitcoin's 1994.

Hopefully not to the tee. If the timeline was the same we'd be quite far off from mainstream adoption. Wouldn't mind seeing it a bit earlier than that. Wasn't the internet fairly unpopular until 2012ish and on? Don't really remember when it exploded anymore since I kept doing my thing unphased.

Now that we have the internet, BTC will explode onto the mainstream much faster. Every year now will be like 5 pre-internet-ubiquity years.

[ChinkyEyes]

Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments.

This bothers me a lot about people. I can't get why they are not willing to change up their lifestyle and mindset to reach the goals they desire. My theory on why so far, is that they are easier satisfied and they are happy enough with things staying like the way they are. Therefore don't feel the need to work on oneself. Some people just don't need much in life and are perfectly fine being mediocre. It's something that I sometimes I admire in people, the simplicity of being satisfied with less.

But why would they complain so much if they were satisfied? And why would depression and suicide rates both be climbing?

That is a very good question, but we cannot just assume that it's because the whole population of the poor and mediocre are all depressed and suicidal deep inside. Even smart people seem to be more likely to be depressed and doubt one self. Because they tend to live more in their head and overthink things.

With the arrival of the information age I think we have produced way more smart people than ever before. The internet has become such a powerful tool to educate yourself, anybody with an cellphone has a tremendous amount of knowledge in their pocket. Too bad many people choose to not use it to it's fullest potential. So that could be one of the reasons why depression and suicide rates are climbing. I'm not sure I have not done research on this matter.

[JimboToronto]

Wasn't the internet fairly unpopular until 2012ish and on?

LOL.  Ever heard of an AOL CD?

At one point in the '90s more than half the CDs in the world were AOL CDs. That's a lot of polycarbonate. 

[Toxic2040]

Now that we have looked into game theory, lets take a peek at large data sets.

a-day-in-the-life-of-Americans

[Biodom]

That is a very good question, but we cannot just assume that it's because the whole population of the poor and mediocre are all depressed and suicidal deep inside. Even smart people seem to be more likely to be depressed and doubt one self. Because they tend to live more in their head and overthink things.

With the arrival of the information age I think we have produced way more smart people than ever before. The internet has become such a powerful tool to educate yourself, anybody with an cellphone has a tremendous amount of knowledge in their pocket. Too bad many people choose to not use it to it's fullest potential. So that could be one of the reasons why depression and suicide rates are climbing. I'm not sure I have not done research on this matter.

There were several polls where people tried to find a correlation between the income and happiness.
The population of US as a whole indicated that increases up to 75K/year would make them happier, but further increase would not (average US family income is about 50-53K).

Then, the second poll only dealt with millionaires ($8 mil average).
Millionaires indicated that they need 500% to 1000% increase in their wealth to feel happy.
High expectations!