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

[El duderino_]

I’m early to mid 30’s. Won’t reveal my exact age but yeah, those of us with a half decent number of coins do seem to be over 30.

How much is a decent number of coins? Surely JJG could answer this question.

I'd like to think that the majority of twenty-something year olds out there are learning about finance, investing and saving extra money, buying bitcoin like crazy, etc.

But historical patterns of age-related behavior tell us something different.  

Of course they are bloody well not. They are being stupid teenagers, well into their 20s, just as I was.

Due to the ease and safety we live in, people are staying kids well past when they should or ever did. The few of us here? Either old enough to have lived in a harder time, or extremely fucking lucky to have experienced bad shit that advanced our brain development.

Probably, I can be an exception to the rule.

What Ibian says makes a lot of sense to me based on my experience. I left my parents' house at 16 against my will, which forced me to mature early. Although the years of my youth were overwhelmingly difficult, in retrospect those experiences positioned me today in a tremendously favorable situation with respect to the majority of people of my generation (I am in the mid-20s).
I started buying bitcoins in 2012, when I was still in university, and although the budget of a university student is small, the extremely cheap prices of that time allowed me to accumulate a "decent" amount of coins  (On the other hand, despite have spoken with many people about bitcoin, there is nobody of my generation that has shown any interest, probably because of what Ibian mentions: they are young, they lack difficult experiences and still many live with their parents).
That's why I'm curious ... how much is a "decent amount" according to the vision of people older than me? According to my perspective, a decent amount is between 10 and 99 coins.

I agree - something between 10 & 99 bitcoin's in cold storage & you’ll be wealthy around mid 2021 (all in my opinion of course)

i still like when they say if you have 1 BTC you gonna be a wealthy man someday     

[jojo69]

It's time to burn the WO thread and have ChartBuddy start a new one. This is missing from the poll.

yet here we are

[LFC_Bitcoin]

I’m early to mid 30’s. Won’t reveal my exact age but yeah, those of us with a half decent number of coins do seem to be over 30.

How much is a decent number of coins? Surely JJG could answer this question.

I'd like to think that the majority of twenty-something year olds out there are learning about finance, investing and saving extra money, buying bitcoin like crazy, etc.

But historical patterns of age-related behavior tell us something different.  

Of course they are bloody well not. They are being stupid teenagers, well into their 20s, just as I was.

Due to the ease and safety we live in, people are staying kids well past when they should or ever did. The few of us here? Either old enough to have lived in a harder time, or extremely fucking lucky to have experienced bad shit that advanced our brain development.

Probably, I can be an exception to the rule.

What Ibian says makes a lot of sense to me based on my experience. I left my parents' house at 16 against my will, which forced me to mature early. Although the years of my youth were overwhelmingly difficult, in retrospect those experiences positioned me today in a tremendously favorable situation with respect to the majority of people of my generation (I am in the mid-20s).
I started buying bitcoins in 2012, when I was still in university, and although the budget of a university student is small, the extremely cheap prices of that time allowed me to accumulate a "decent" amount of coins  (On the other hand, despite have spoken with many people about bitcoin, there is nobody of my generation that has shown any interest, probably because of what Ibian mentions: they are young, they lack difficult experiences and still many live with their parents).
That's why I'm curious ... how much is a "decent amount" according to the vision of people older than me? According to my perspective, a decent amount is between 10 and 99 coins.

I agree - something between 10 & 99 bitcoin's in cold storage & you’ll be wealthy around mid 2021 (all in my opinion of course)

i still like when they say if you have 1 BTC you gonna be a wealthy man someday     

I guess it’s possible that only 1 bitcoin will make you wealthy. Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

[El duderino_]

How much is a decent number of coins? Surely JJG could answer this question.

Yeah, but could he answer it in less than five paragraphs, tho...

FWIW. I think a 100 BTC stash is "decent".

Nice, round number.

Offcourse its decent and if you can effort more than i think its not bad to buy Just more....
But everybody has his Own wallet and mindset around those coins and for one they are worth 100% of net worth
And for other (coiners) Just 5%

[jojo69]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

[DeathAngel]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

With inflation $1,000,000 will be downgraded in what it can get you but I’d imagine still a pretty nice house in most parts of the Western World (excluding London & NYC / major cities etc)

[Searing]

It's time to burn the WO thread and have ChartBuddy start a new one. This is missing from the poll.

yet here we are

We need a poll to get chartBuddy back!!!!

[Gab0]

fucking horseshit man

sucks. selective scammers everywhere.

You say that for me?

[realr0ach]

JayJuanGee is never going to be able to afford a sex change if this is the best pump and dump you scammers can do.

And all that silver will never appreciate enough to afford you the opportunity to build those gas chambers.

The state is going to fund that.  All Jewish communists will be put to death by the state for spying, treason, subversion, financial crimes, organ trafficking, the Kalergi plan, and other crimes against humanity just like the Rosenbergs were executed in 1953.  It's too late for their evil cult to escape, the goyim all know.

[jojo69]

fucking horseshit man

sucks. selective scammers everywhere.

You say that for me?

no

GDAX got all buggy there for several minutes and cost me money

[realr0ach]

This gives me a boner:

https://i.imgur.com/oG7Wgrb.jpg

Please tell me in what type of financial circles is the act of making a chart that claims the price of an asset is going to go not lower or higher, but TO INFINITY not run out of town as being a complete moron or scammer? Only in bitcoin do you see scammers posting shit like this 24 hours a day pretending it's legit.  

His chart also pretends the price is going to skyrocket to $500k then just implode down to $30k afterwards LOL.  In order to actually do that, bitcoin would have to be nothing more than just a completely fraudulent pump and dump scam by definition.  Don't get me wrong, you can tell just by how it trades bitcoin is nothing more than a pump and dump scam, but there's no greater fools to be found buying imaginary super mario tokens for that much.  

Bitcoin was only able to scam it's way this high due to things like Bitfinex Tether fraud and the fact lots of people threw just a tiny amount of their net worth at it, but for those higher numbers, it requires large amounts of people putting their entire net worth in, which is never going to happen because designed to centralize imaginary tokens have zero fundamentals compared to silver and gold.

[Gab0]

no

GDAX got all buggy there for several minutes and cost me money

Excuse my paranoia lol

[Anon136]

the goyim all know.

Yeaaaaa I'm pretty sure they don't.

[marcus_of_augustus]

ChartBuddy was a causality of the HardForkers Civil War on Bitcoin ... they didn't even have the decency to give him a proper burial but instead drag his corpse around on display on various forums like the relics of a martyr or something.

[BitcoinNewsMagazine]

https://archive.is/d8OIC text of The Bitcoin Standard by Saifedean Ammous @saifedean

This book is a very good read (scan is minus charts and links.) First half is devoted to the history of money and some economic theory, e.g. explains why silver will never be a good investment, last half explains how bitcoin works, the controversies and is current up to post BCH fork. The author is bullish long term on bitcoin and this is the best book I have ever read on monetary theory and bitcoin that is written for beginners. Do the author a solid and buy a copy or download to your Kindle.

[jojo69]

GDAX down, unannounced outage

makes me go "hmmmm" about my earlier oddness

[Paashaas]

ZenCash network was the target of a 51% attack

Those double spendings is a hype among hackers these days lol.

[Paashaas]

Bitcoin cash trash.

Bcash?  LoL

[bones261]

ZenCash network was the target of a 51% attack

Those double spendings is a hype among hackers these days lol.

It's amazing how the two 51% attacks that I heard about are Equihash coins that intend to fork away to a new algo due to Bitmain's recently released Z9 ASIC. However, Jihan denies Bitmain would ever do that. In fact Jihan told Zooko Wilcox that they don't do stealth mining at all and Zooko believed him.  

[jojo69]

GDAX just came back up