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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (20.3%)
1-10% - 18 (13.5%)
11-20% - 15 (11.3%)
21-30% - 19 (14.3%)
31-40% - 7 (5.3%)
41-50% - 14 (10.5%)
51-60% - 9 (6.8%)
61-70% - 5 (3.8%)
71-80% - 4 (3%)
81-90% - 2 (1.5%)
91-99% - 3 (2.3%)
100% - 10 (7.5%)
Total Voters: 133

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21791570 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. (148 posts by 37 users deleted.)
yonton
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May 16, 2018, 05:59:48 AM

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

My alts are only 3% of my crypto portfolio. 97% in btc and I consider myself a btc maximalist.

Alts are like lottery tickets to me in this space (crypto) just like bitcoin once was a lottery ticket to me that I wouldn't hold more than %5-8.

A bitcoin maximalist can have 0% bitcoin in theory. Maximalism is just about how you define your goal. What is it that you are trying to acquire the most that you can of? If you want the most bitcoins that you can possably have at some point in the future, perhaps the best path towards that goal is to have no bitcoins at all at the present time.
Thats what Im doing
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May 16, 2018, 06:10:18 AM

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May 16, 2018, 06:30:43 AM
Merited by JayJuanGee (1)

 Careful not to get roached.  I can see how that strategy might work out well but I wouldn't call that maxamalism, Maybe more like gambling especially to drop the full load. HODL and acquire because you understand and believe bitcoin is revolution seems more like maxamalism traits to me.
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May 16, 2018, 06:42:50 AM

19% Bcash nodes lost after the HF...lol



Relay nodes ?

Who cares ?

Miners have the lead ...
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May 16, 2018, 06:48:46 AM

As always nobody has a clue.

TAs should be banned from crypto.
I guess you are right. I didn't see a single chart predicting with some tiny accuracy the recent crypto madness.
I mean, I don't care as  a serial buyer and holder. But, yes, I would love to see no TA for a while
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May 16, 2018, 06:58:13 AM

As always nobody has a clue.

TAs should be banned from crypto.
Not many good TA traders, and even less gonna share their stuff with you and that attitude
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May 16, 2018, 07:14:58 AM

Squirrel looks for more corn.
I still think its going to pump in about 24-36 hours..but hey, I was wrong 3 times already today..whats one more time. Hubris is a fine thing. Goodnight.  #dyor  
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May 16, 2018, 07:40:49 AM
Last edit: May 16, 2018, 07:52:42 AM by ivomm

I am panic buying with my last fiat reserve  Grin Currently Bitcoin mining revenue is around 0.5$ per Th, meaning that s9 revenue is around 7$ (x14) per day with cost of electricity 1.7-3.4$ depending on the price (0.05$ - 0.1$). Not to mentioin the price of the rent/cooling etc. Last month the revenue dropped to 0.45$ - the lowest in the last 5 years. According to the diff. chart in 6 monts with the current price the revenue will be around 0,125$ per Th, i.e., 1.75$ per day, which is not enough to cover the electricity price. Of course, when this price is reached many miners will switch on/off their asics depending on their price of electricity. So the big mining farm whales are preparing to raise the price 2x-5x in the coming months. This is a child play for them, considering the income of Bitmain only. And we are talking only about miner whales. Wall street is just to enter massively the market, knowing that the time to buy cheap is running away.
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May 16, 2018, 08:46:18 AM

As always nobody has a clue.

TAs should be banned from crypto.
Just go and look at the bitstanp chart from 2/12/13 - 5/14 and compare it to the chart from 12/17 - now.   Then look at what happened in the second half of 2014.
See the pattern emerging? It's a classic bubble pop still , hope and fear at war , boredom has to set in before we can recover properly.
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May 16, 2018, 09:19:15 AM

i never look @TA ..... i don't understand it really BUT i do think to all line drawings each day, 1 eventually will fit

however when bullish lines i like it as amusement to watch .  Grin  Roll Eyes
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May 16, 2018, 10:13:41 AM
Last edit: May 16, 2018, 11:14:15 AM by Torque

Careful not to get roached.  I can see how that strategy might work out well but I wouldn't call that maxamalism, Maybe more like gambling especially to drop the full load. HODL and acquire because you understand and believe bitcoin is revolution seems more like maxamalism traits to me.

A Bitcoin maximalist believes that even holding bitcoin through the upsides and downturns, it still represents a greater long store of value than fiat. If you look at the averages for YoY return over a 3-5 year period, you would definitely find that to be accurate. So if you're not holding bitcoin at all, you're not a bitcoin maximalist.

A Bitcoin maximalist also says, "Well if any other alt's only utility to me is some occasional or odd spending function that I can't currently do with bitcoin, then why hold that alt at all? What would be the point? Why can't I just trade for it if/when I need it, at the time I might need it?" In other words, holding alts makes zero sense if you believe that bitcoin is the superior store of value, the superior cryptocurrency period. Especially if you aren't even sure that altcoin is even going to be around in 1-2 years from now, or even 5 years.

If you're holding some alt just to play lotto and hope it skyrockets so that you can sell it all, then you're just gambling. You're not serious about the future of that altcoin at all. Which is exactly what 99.9999% of shitcoin holders are doing.

This is easily provable to be true, because all supposed shitcoin beliebers held exactly zero shitcoins before the Great Shitcoin Pump back in March 2017. No one cared about them. Like at all. They were derided as a bad joke. So a rising price alone doesn't suddenly give something greater value or greater utility. You have to look no further than the penny stock market to see that truth.
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May 16, 2018, 10:26:14 AM

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?
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May 16, 2018, 10:34:20 AM



Interesting that the bitcoin (or crypto) lambo meme has some foundations in "fake" news.   Cry Cry  Saddens me.

 I believe in this case, marketers simply used an existing trend.  The foundations are based in Bitcoin created wealth rather than "fake news".



Really, I was trying to get at the question of the Lambos being planted at Consensus 2018, rather than the fact that real bitcoiners do actually buy Lambos when they are beginning to rake in the dough.  Maybe also, I was joking too much, because I did realize that it would have been quite probable that some folks had invested less than $10k into crypto - even Ethereum in the single digits, and were able to ride various waves into Lambolandia.

So, yes, there could be quite an appeal to have Lambos parked at these kinds of crypto events for marketing purposes, even when it ends up that those lambos are not owned by actual conference attendees.  Personally, I would not even want draw that much attention to myself, in terms of having anyone know that I was able to get the lambo through crypto rather than some other way of getting it that would not draw so much attention to me as a possible robbery target.

 Good point.  It's not a good idea in many areas to draw too much attention to your wealth unless you can also afford really good security.  Even if I could afford the Lambo, I would rather help out my family financially.  Now if I was stinkin' rich I might rent one just to drive it... ah, that's a pipe dream because that would also mean McAfee doesn't have to scarf down his wiener and beans.
 On a side note, the image I posted didn't look so large on my screen when I captured it.  It looks like I was yelling but that wasn't my intention.

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May 16, 2018, 11:06:26 AM
Merited by edgar (1), El duderino_ (1)

The Lambo thing has become an in-joke that I really wish would go away.

The MSM likes the analogy and association because it paints Bitcoiners as petty and childish asshats. Kinda like Tai Lopez.

Lambos are better associated with the BCash and ICO/shitcoin crowd. I mean, Roger and CSW drive them, so....?
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May 16, 2018, 11:50:47 AM

The Lambo thing has become an in-joke that I really wish would go away.
The MSM likes the analogy and association because it paints Bitcoiners as petty and childish asshats.
Lambos are better associated with the BCash and ICO/shitcoin crowd. I mean, Roger and CSW drive them, so....?

Well said. Lambos are gauche symbols for the uncultured nouveaux riche who crave attention.

Or for car people. Don't forget the world isn't black and white. It's been my dream to own a Lamborghini since I was a small child because I like them. No need for the hate.
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May 16, 2018, 12:01:56 PM

The Lambo thing has become an in-joke that I really wish would go away.
The MSM likes the analogy and association because it paints Bitcoiners as petty and childish asshats.
Lambos are better associated with the BCash and ICO/shitcoin crowd. I mean, Roger and CSW drive them, so....?

Well said. Lambos are gauche symbols for the uncultured nouveaux riche who crave attention.

Or for car people. Don't forget the world isn't black and white. It's been my dream to own a Lamborghini since I was a small child because I like them. No need for the hate.

Not all BMW drivers are douchebags, true. But they all have to live with the stigma that was earned by the uncultured majority Wink Same goes for Lambo owners... Sorry Smiley
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May 16, 2018, 12:44:34 PM
Last edit: May 16, 2018, 01:01:37 PM by Torque

It's hilarious to me watching the wealthy elites aimlessly flail around trying to improve the world's economies. They're in complete panic mode.

But the recovery all hinges on one pivotal thing: the Western consumer getting back to over-consuming and piling on more debt, like they desparately need them to be doing.

And that, my friends, just ain't happening. Like at all. Dead stop. And all the flailing around is powerless to jump-start it again. You can't 'force' people to consume against their will.

https://fred.stlouisfed.org/series/M2V
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May 16, 2018, 01:24:24 PM

MTGox address moving ~13000 BTC today
https://blockchain.info/address/16ftSEQ4ctQFDtVZiUBusQUjRrGhM3JYwe
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May 16, 2018, 01:44:35 PM
Merited by Hueristic (1)


So, what we see is that https://bitinfocharts.com/bitcoin/address/16ftSEQ4ctQFDtVZiUBusQUjRrGhM3JYwe a Binance wallet address has received 13700+ BTC from https://bitinfocharts.com/bitcoin/address/1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s also a Binance wallet address. These are displayed in https://blockchain.info/address/16ftSEQ4ctQFDtVZiUBusQUjRrGhM3JYwe as 6 transactions of 2000 BTC plus 1 transaction of 1700+ BTC. How do you know where these 13700+ BTC come from (before landing on the Binance address 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s)? Or is it obvious and I'm just missing something? Thx.
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May 16, 2018, 01:56:59 PM
Merited by Karartma1 (3), supertee (3)


So, what we see is that https://bitinfocharts.com/bitcoin/address/16ftSEQ4ctQFDtVZiUBusQUjRrGhM3JYwe a Binance wallet address has received 13700+ BTC from https://bitinfocharts.com/bitcoin/address/1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s also a Binance wallet address. These are displayed in https://blockchain.info/address/16ftSEQ4ctQFDtVZiUBusQUjRrGhM3JYwe as 6 transactions of 2000 BTC plus 1 transaction of 1700+ BTC. How do you know where these 13700+ BTC come from (before landing on the Binance address 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s)? Or is it obvious and I'm just missing something? Thx.

Because i'm an idiot and didn't check the fud before re-posting this
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