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Question: July 21 Closing Price:
<$5,000 - 14 (13.1%)
$5,000-$5,500 - 5 (4.7%)
$5,500-$6,000 - 13 (12.1%)
$6,000-$6,500 - 21 (19.6%)
$6,500-$7,000 - 19 (17.8%)
$7,000-$7,500 - 9 (8.4%)
$7,500-$8,000 - 9 (8.4%)
$8,000-$8,500 - 1 (0.9%)
$8,500-$9,000 - 1 (0.9%)
>$9,000 - 15 (14%)
Total Voters: 107

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20328383 times)
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ChinkyEyes
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February 16, 2018, 08:15:36 PM

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.
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BTCMILLIONAIRE
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February 16, 2018, 08:20:17 PM

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
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lose: unfind ... loose: untight


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February 16, 2018, 08:20:25 PM

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!
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Haha! wimp.

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

salty?
bitcoinPsycho
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Bcash dump that shit


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February 16, 2018, 08:24:43 PM

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  Smiley
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February 16, 2018, 08:45:45 PM
Merited by JimboToronto (1), Torque (1), Toxic2040 (1)

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
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February 16, 2018, 08:48:47 PM

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
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February 16, 2018, 08:51:12 PM

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
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February 16, 2018, 08:52:52 PM

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.
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February 16, 2018, 08:56:18 PM

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  Grin
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February 16, 2018, 08:56:40 PM

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
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February 16, 2018, 08:58:29 PM

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.
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February 16, 2018, 09:06:16 PM

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

LOL.  Grin 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.  Cool
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February 16, 2018, 09:06:48 PM
Merited by Icygreen (1)

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

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


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February 16, 2018, 09:12:25 PM

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!
julian071
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February 16, 2018, 09:13:23 PM
Merited by vapourminer (1), Toxic2040 (1)

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.

It's a matter of perspective. Some may find the persuit of riches a display of emptyness of the soul, and poor, in a spiritual way. Mediocre, so to speak.

My GF will never ever be rich. She works with the elderly in a nursing home. Pays shit and is totally brutal in all kinds of ways from time to time. On the other hand very rewarding too, the people she takes care of are often very grateful (when they're not flinging their own feces because they're so demented they think that is the only way to defend themselves from the strangers they find themselves surrounded with), and she knows she is really making a difference in the lives of those people.

I could never ever do that kind of work, respect her very much for it. Find it a lot harder to respect people who think they are better because they are richer.
BTCMILLIONAIRE
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February 16, 2018, 09:14:22 PM
Merited by explorer (1)

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.
Maybe the US was different, but I remember the internet still being very much fringe even when the first DSL flat rates were just coming out.

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.

I overthink 24/7. It's what I enjoy the most, even when it gets frustrating at times. Also, having information available or even knowing it by heart doesn't mean that you're going to be great at assimilating it or at creating things by drawing from your knowledge and reshaping it into something new. It's why schools utterly fail to produce outstanding people.

But you're right, depression isn't just common among mediocre people. I believe there was a study that concluded that people with much less (e.g. those that are basically starving and have nothing) tend to be happier on average than people in first world countries. Not sure how rigorous that study was though.
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February 16, 2018, 09:15:39 PM
Merited by julian071 (10)

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.

It's a matter of perspective. Some may find the persuit of riches a display of emptyness of the soul, and poor, in a spiritual way. Mediocre, so to speak.

My GF will never ever be rich. She works with the elderly in a nursing home. Pays shit and is totally brutal in all kinds of ways from time to time. On the other hand very rewarding too, the people she takes care of are often very grateful (when they're not flinging their own feces because they're so demented they think that is the only way to defend themselves from the strangers they find themselves surrounded with).

I could never ever do that kind of work, respect her very much for it. Find it a lot harder to respect people who think they are better because they are richer.
I would even go as far as arguing that rich people who think they're better than others are the biggest retards of all for having "made it" without learning anything whatsoever along the way.
HairyMaclairy
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February 16, 2018, 09:18:16 PM

We have (barely) broken the downward channel which has dominated since $17k.   Even if the pump doesn’t hold, the channel is now vulnerable.  It could be the end of the bear market.

I have a hard time thinking of this pullback from a monster pump as anything close to a bear market.

Most would consider a 70% retracement from ATH as a crash.  Even in Bitcoin.  I am not wordy man so I will leave it at that.
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February 16, 2018, 09:22:43 PM
Merited by Toxic2040 (1)

Leveraged Longs v leveraged shorts have momentarily stabilized at 2:1.   Is this what a balanced market looks like?  Mem pool is back to growing ever so slightly.

ChinkyEyes
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February 16, 2018, 09:26:24 PM

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.

I agree, with social media, the news is in your face 24/7 now. It's insane how much the mobile phone has become a part of life. We are not far away from mainstream, Bitcoin as a brand has already been implemented in everybody's brain. As seen in the video of Ellen DeGeneres everybody knows about the brand Bitcoin, but they can't explain what it is. A few more cycles of bitcoin mooning and the mainstream media does the rest.
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