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Question: What year will we achieve a new ATH?
2019 - 34 (27.9%)
2020 - 49 (40.2%)
2021 - 30 (24.6%)
2022 - 5 (4.1%)
2023 - 1 (0.8%)
Never - 3 (2.5%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21173920 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. (23 posts by 12 users deleted.)
mymenace
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April 29, 2018, 09:21:07 PM


If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  Grin

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry? Wink


Huh?

EOS replace the system it is built on - Ethereum

Did i miss something?

EOS is not based on ETH. The initial coin distribution is handled through ERC20. This ends after mainnet. This is the reason why EOS will hype most in this year. If the distribution cycle ends in july, then that is it, no more new coins. This will fomo the crap out of the market before launch.


Again when is EOS not built on Ethereum, just trying to understand?


ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens.



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April 29, 2018, 09:27:12 PM
Merited by BobLawblaw (1)

^^  I'm not clicking that shit...from a virtual machine...on Bob's box...with a finger condom on...lol
HairyMaclairy
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April 29, 2018, 09:32:56 PM


If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  Grin

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry? Wink


Huh?

EOS replace the system it is built on - Ethereum

Did i miss something?

EOS is not based on ETH. The initial coin distribution is handled through ERC20. This ends after mainnet. This is the reason why EOS will hype most in this year. If the distribution cycle ends in july, then that is it, no more new coins. This will fomo the crap out of the market before launch.


Again when is EOS not built on Ethereum, just trying to understand?


ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens.




EOS doesn’t exist “yet”. 

EOS mainnet launch is 2 June 2018.  Until then, they are pumping the shit out of it, including moving to delegated proof of stake with only 21 validation nodes.  It is “fee free” as EOS is inflationary. About 2% of the monetary base is generated each year and goes to the validators.  
micgoossens
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April 29, 2018, 09:58:00 PM

QUICK list 12288 is finisht GOOD LUCK   WO's

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Ibian
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April 29, 2018, 10:49:50 PM

I do this thing where I start up idocracy. Just planning to watch the intro.

Currently 23 minutes in.
mymenace
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April 29, 2018, 10:52:37 PM


If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  Grin

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry? Wink


Huh?

EOS replace the system it is built on - Ethereum

Did i miss something?

EOS is not based on ETH. The initial coin distribution is handled through ERC20. This ends after mainnet. This is the reason why EOS will hype most in this year. If the distribution cycle ends in july, then that is it, no more new coins. This will fomo the crap out of the market before launch.


Again when is EOS not built on Ethereum, just trying to understand?


ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens.




EOS doesn’t exist “yet”.  

EOS mainnet launch is 2 June 2018.  Until then, they are pumping the shit out of it, including moving to delegated proof of stake with only 21 validation nodes.  It is “fee free” as EOS is inflationary. About 2% of the monetary base is generated each year and goes to the validators.  

EOS doesn’t exist “yet”.

Its all good and well, I am happy to understand this EOS you all talking about.

I am seriously having a hard time in getting the point.

https://coinmarketcap.com/currencies/eos/#markets

As you can tell by this existent EOS on coinmarketcap

help?


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April 29, 2018, 11:09:28 PM

it's not live yet, all you are trading is tokens
HairyMaclairy
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April 29, 2018, 11:26:43 PM

There will be a snapshot before the transfer to mainnet in June and in theory all EOS ERC20 tokens will be reflected in the EOS genesis block.  But the hype around this is out of control.  We need to be able to short EOS from launch.
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April 29, 2018, 11:31:35 PM

Well.. Most of optimistic holders right there were not expecting bitcoin to break 3.000$ after a dump from 2.980$ to 1.800$ and go as high as 20.000$ 4 months later.

The average optimistic bitcoin projections after we break 3.000$ was 5.000$ for the end of 2018, and we know what happens.. bitcoin goes x4 of that average expectation.

Now also we are in the same situation. A pullback from 20.000$ to 6.000$ Then a try to retest the 20.000$ and go above in next weeks.

Again the average optimistic holders are praying for a price of 20.000$ again before end of 2018. So maybe we are going to make x4 of the average expectation before end of 2018 For a bitcoin price of 80.000$.

When/If bitcoin gonna hit 80.000$ the very big hedge funds and the richest persons are going to enter the market. This gonna coincide with a bitcoin pullback from 80.000$ to 40.000$ only because this time there are the richest persons in the world  willing to buy bitcoin after bitcoin going to be the number one on internet trends from here. So.. its going to be a very big support, and from there the real big boom gonna happend ( duo to the amazing big big bang money coming) and take bitcoin price from 40.000$ to 500.000$ before end of 2019 And then bitcoin officially recognised as the new GOLD and all the powers gonna submit to the new worldwide king.

Thats my projection.

I know it sounds like impossible, but with bitcoin all is possible. He goes from cents to 20.000$ in 7 Years and you think its impossible he make X25 in 2 years from the 20.000$ registred on december 2017 to december 2019?





All the arbitrary numbers and the weird grammar in this is making my head spin so it's hard to comprehend your expert advice.

Can you explain which these 'richest persons' are waiting for $80K to buy in instead of buying in right now? Seems like on odd strategy.
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April 29, 2018, 11:32:20 PM

https://bitcoinvolatility.io/

Webpage version of the app, Gilfoyle from "Silicon Valleys" made, that plays Napalm Death's "You Suffer", every time BTC moves above or below a certain price.

Story here: https://www.theverge.com/2018/4/29/17286148/silicon-valley-gilfoyle-napalm-death-bitcoin-price

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April 30, 2018, 12:04:36 AM


Anyone, and I repeat, anyone can get rich from bitcoin as long as they buy and hold...

That's the theory.

The practice is that most people don't want to buy assets when they are cheap. They want to buy when they are expensive.


Historically, it would not have mattered if they had bought when cheap or when expensive as long as they HODL, after they bought.... So, yes, a little testicular (or intestinal) fortitude is required to follow the principle of don't invest more than you can afford to lose, which means to have enough money to cover your expenses during BTC down periods, and have a vision for the longer term - perhaps 5 years or longer.

Likely the same is going to be true in the future with persons who bought between the current price and $20k, as long as they hold for 5 years and keep buying on a regular basis, they are likely to bring their average cost per BTC down while increasing their BTC holdings and being in decent profits in the long term.

When you attempt to strategize too much about opportunity costs, and maybe you should be "in" some other asset, and blah blah blah... you think gold or some other precious metal or some other alt is going to go up more than bitcoin, then you potentially get tricked out of your bitcoin rather than just sticking with a kind of long term incrementalism investment (and HODL and accumulate) into BTC.

People like you spout out technical analysis nonsense that could cause people to attempt to strategize too much to sell  too many of their bitcoin with attempts to buy lower, when the buy lower does not happen, just like you were doing in the beginning of 2017 with your predicting downwards movements from $1k to $500 when the price actually went in the opposite direction. Roll Eyes

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April 30, 2018, 12:27:18 AM

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.

This is the trick, isn’t it?   Is what you are prepared to lose enough?

It depends. I kinda don't like that phrase. Because you are never going to lose everything, and most likely worse case scenario you only about break even after a few years.

To have a shot at becoming "rich", I would invest enough in Bitcoin that if you metaphorically lost it all (so to speak) you could confidently save it all back up in 4-5 years through working. Whatever that amount is. The amount is going to be different for different people. Also you need to plan to hold it for at least 6-7 years, with 10 being more optimal.

Investors just throwing in $100, $500, or $1000 because that's "all they can afford to lose" should resign themselves to never getting "Bitcoin rich". Sorry but it just ain't going to happen. It takes money to make money, as they say.

Sure a key point remains that people are going to differ, and another key point is that a one time or a few injections of capital is not going to be enough, unless you have kind of systematically thought about your investment, which results in relatively large chunks of investment.

In late 2013, when I got into bitcoin, I considered bitcoin as a kind of substitute to a 401k that I had been investing into and milking for quite a few years (lets just say well over 10 years), so in that regard, I had already had several investments that I had built up, but I was looking for a substitute location for  a both a lump sum investment and also to dollar cost average up to 10% of my income into a new investment (which ended up being bitcoin). 

So yeah, I consider the don't invest more than you can lose idea to both cover the fact that you already have some other investments going on and also that you have your living expenses covered for 6 months or longer.  Thereafter, you can chose an amount to invest into bitcoin, and if you get other additional cashflow, then you are able to throw a decent portion of any of that new cashflow into bitcoin. 

So, for example, sometimes, I would have some additional cash flow come in my direction, and frequently 50% to 75% of the additional cashflow would go into bitcoin.  I believe that surely we gotta live and enjoy, so putting 100% of extra cashflow into bitcoin would have been too obsessive and also perhaps too over-leveraged, but putting 50% to 70% of my extra cashflow seemed much more manageable for me.

Since I had fairly conservative upside thoughts, I had expected the practical longer term upper end of bitcoin to be in the $3k to $5k price arena, so any of this current price performance is icing on the cake - yet some of my views have become a bit more bullish, based on what has already happened in recent times, and how bitcoin seems to continue to be poised for additional upwards price moves, and surely I don't need to have $20k or higher to feel rich and happy, but yeah, any additional upwards price performance is welcomed, and it seems to be in the cards, so to speak... without my feeling any need to get greedy and attempt to leverage what I already have in.

So, yes, any of us can feel a lot more comfortable when we are at least 3x to 5x in profits that are much above and beyond our entry level expectations.. and we might not even feel any kind of compelling need to diversify out of the asset, either.
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April 30, 2018, 12:33:54 AM




Just referring to this post from the moderator who self designated a new rank Cheesy
https://bitcointalk.org/index.php?topic=3344374.msg35001326#msg35001326

Lamborghini legendary sounds about right for the next rank up. Grin
L.L Cool J member. Cool
[/quote]

I also spotted a COPPER Legendary Member.

Oooooh!
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April 30, 2018, 12:39:32 AM


Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.


Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum Smiley

Maybe she is.   Wink
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April 30, 2018, 12:42:15 AM

USD is the main currency in the US because of laws. There is no such law for Bitcoin. There is no way we can force or compel the average user to use the real bitcoin. .

ahh, but there is, it is called Gresham's law

Well done!

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April 30, 2018, 01:53:58 AM

Most people just don't have the patience to hold any asset for a long period of time before selling. They feel that 1-3 years is about all they can do before they get the itch to liquidate.

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.

........
4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it? Give it to the second and third generation so they can do something stupid with it?
......


Part of the erroneous all or nothing investment mindset, and you, Biodom, seem to share such erroneous thinking.

There are ways to be happy, to live within your means and to invest in the future.

For example, you should not be buying a $200k to $700k lambo, unless either you are about to die or that you have at least a couple million dollars in assets.



In other words, there is no reason that you cannot do both - live well and invest in your own future, and part of the key to that involves both planning and living within your means... and if you invest well, then living within your means will become greater and greater, and you will not be left with an old age dilemma about why you have so much money but are not able to enjoy hookers, blow and lambos.
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April 30, 2018, 02:15:20 AM

I want neither hookers, blow nor Lambos so obviously will have some difficult decisions coming up. 
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April 30, 2018, 02:19:16 AM

In other words, there is no reason that you cannot do both - live well and invest in your own future, and part of the key to that involves both planning and living within your means

Bolded and underlined for emphasis.

This part requires incredible discipline.

There are many stories of people who acquire sudden wealth, and blow it all, leaving them with - for the sake of argument - nothing.

Financial discipline, in my opinion, needs to be instilled and taught at an early age.

Parents play an absolutely massive role in this development.
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April 30, 2018, 02:27:54 AM

I cash out at least 50% every rally which ensures both that I am able to enjoy life and that I have something to show if/when bitcoin finally crashes for good. It makes me much more confident about hodling the remaining portion.
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April 30, 2018, 03:19:15 AM

https://bitcoinvolatility.io/

Webpage version of the app, Gilfoyle from "Silicon Valleys" made, that plays Napalm Death's "You Suffer", every time BTC moves above or below a certain price.

Story here: https://www.theverge.com/2018/4/29/17286148/silicon-valley-gilfoyle-napalm-death-bitcoin-price

Great song. Great show. Too bad those Verizon commercials make me hate Thomas Middleditch almost as much as Mark Karpeles.
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