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

[RayX12]

Good memories!  

Just wait a bit

Or this one! 

[JayJuanGee]

I will not feel right until the price is over $10k. For some reason when it is over I am calm. This low price makes me sad. 

Same here. Even if I don't have any intention to sell for years, over $10K makes me feel fine... this prices makes me depressed.

I don't need it to raise much over $10K at this time because I don't plan to sell. If it went straight to $50K or $100K I would be forced to part some Bitcoins, and I don't want to.

I am still having some difficulties relating to some of you other bitcoin bulls. 

Sure, I consider myself a bitcoin bull.  What else could I be?  Especially, similar to several of you in this thread (even those with whom I have vigorous disagreements), I continue to appreciate that bitcoin remains the ONLY real crypto that provides decentralized sound money, and the various solutions that develop along the way, through bitcoin, continue to strengthen it's foundation rather than getting distracted into serving as some kind of scam... and for those kinds of reasons, bitcoin remains a threat to traditional financial institutions that are going to have to join rather than to fight - largely based on Gresham's law in which good money is going to flow into the good assets, and so far, the strongest such asset remains bitcoin.

Yet, my price perspective remains o.k., even with these current prices in the $6k to $7,500 arena, and the seeming ongoing tests of price support in the lower ends of the range. 

In the end, I am thinking that I would still be o.k. with BTC prices above $2k, but of course the lower the BTC price goes, then there are needs to reassess the situation, and to consider that the bear market is stronger and longer than what was expected.  Actually on the way down from $19,666, I continued to believe that the blow off top bull run was not over; however, the longer that this current correction lasts, the more I become resigned to the possibility that this current correction is going to last longer and the more I become resigned to the possibility that it is going to take more energy, steam and buying power to get the trend to go back up and for the bull run to continue.

Sure, going down in price causes me to recognize that I am NOT as rich as I would have been with higher BTC prices, and I "could have" taken more BTC off the table on the way up.. but int he end, it remains water under the bridge and a BIG SO FUCKING WHAT? because in the end, an investment strategy of buying on the way down and selling on the way up remains a sound strategy that does not need to be changed, just continued considerations about how much to shave off of the top on the way up in order to continue to increase BTC holdings (measuring wealth in BTC holdings rather than measuring in that asset that we refer to as "value losing fiat").

In other words, I believe that I continue to be in a similar position to most of us who were in the BTC scene before 2017, and even if we made mistakes, largely our average cost per BTC remain in the 3 digits (below $1k), and surelty there are some longer term holders/traders who have accomplished trading methods that either put them in the two digits (below $100) or even quite low in the 3 digits. 

Another possibility, for several of us, could be to engage in a  kind of trickery in accounting and to cash out of BTC the amount that we invested, and in that regard, we are playing with house money, which is that we do not have any costs associated with the BTC that we hold.  Personally, I don't feel any kind of compelling reason to employ such a harsh strategy or cashing out in order to "play with house money" because 1) that would be valuing my wealth in fiat rather than bitcoin, 2) there are no real fundamental threats to bitcoin, even if the price may perhaps go down to below $3k.. perhaps?  Perhaps? and 3) Even if I am playing with both principle and interest, such practice gives me way more money to "play" with and it is like borrowing from myself to continue to use such value to invest in bitcoin (remembering one important principle that it takes money to make money and the rich get richer, which happens to be applicable to myself and to other BTC hodlers, especially referring to those who have been largely invested into BTC before 2017)

[Anon136]

What is this strange color that looks like blue and yellow had a baby?

[bones261]

What is this strange color that looks like blue and yellow had a baby?

[Rosewater Foundation]

well now

So much for another leg down. Maybe I should add shutting the fuck up to my diet. It's gluten free.

[PoolMinor]

because in the end, an investment strategy of buying on the way down and selling on the way up remains a sound strategy that does not need to be changed, just continued considerations about how much to shave off of the top on the way up in order to continue to increase BTC holdings (measuring wealth in BTC holdings rather than measuring in that asset that we refer to as "value losing fiat").

Truth.

-poolminor

[Anon136]

well now

So much for another leg down. Maybe I should add shutting the fuck up to my diet. It's gluten free.

Gluten free maybe but so high in sodium. Not sure I can recommend.

[JayJuanGee]

Good memories!  

Thanks for reposting that gif.  I think that it was generated around February-ish, and sometimes the page gets stuck..... so it is good to go to the source in order that the page does not get stuck...

https://steemitimages.com/DQmPNGT2W6hkD5eEh4c7CMGEEHq2siCLSke75g11YTfEGL5/Bitcoin-Market-Cycle.gif

[jojo69]

well now

So much for another leg down. Maybe I should add shutting the fuck up to my diet. It's gluten free.

Gluten free maybe but so high in sodium. Not sure I can recommend.

guffaw

[jbreher]

Haha. D^4, you have all the arguing skills of a precocious seven year old.

kampai!

Straight from the Bcash handbook: accuse your opponent of what you are doing.

Nice try Jonald Fyookball.

You're laughable, D^4.

I ain't Jonald.

You have posted exactly zero evidence. Your 'rebuttals' amount to nothing more than 'I said no!'.

[bones261]

well now

So much for another leg down. Maybe I should add shutting the fuck up to my diet. It's gluten free.

Gluten free maybe but so high in sodium. Not sure I can recommend.

Unfortunately, many people investing in BTC and other crytocurrencies have had to rely on a diet of this, lately


I am afraid Ramen isn't gluten free or low in sodium.

[JayJuanGee]

I will not feel right until the price is over $10k. For some reason when it is over I am calm. This low price makes me sad.  

Same here. Even if I don't have any intention to sell for years, over $10K makes me feel fine... this prices makes me depressed.

On the contrary, I feel perfectly fine right now. I actually wish it to go even lower. I am not loaded enough.

Hey mindrust, dude, likely you have been in bitcoin as long as me, since your bitcoin talk account was created around the time that I made my first bitcoin purchase in late 2013.

In other words, you have had around 4.5 years to establish a decently "loaded" bitcoin position, no?  That should be a sufficient amount of time to feel that you have established a "loaded enough" position, no?  

What be taking you so long?   Can't we go up, yet?  

The whole bitcoin community should not be waiting for you to get sufficiently on board, correct?  

If so, why?

[gembitz]

well now

So much for another leg down. Maybe I should add shutting the fuck up to my diet. It's gluten free.

Gluten free maybe but so high in sodium. Not sure I can recommend.

Unfortunately, many people investing in BTC and other crytocurrencies have had to rely on a diet of this, lately


I am afraid Ramen isn't gluten free or low in sodium.

 

nomnomnommm

[JayJuanGee]

Well this guy's post was definitely correct.  He somehow prophesied the coming of JayJuanGee:

We are currently in the tard stage of Bitcoin and will likely remain there for many more years.

Looks like xDan doesn't really know too much about the bitcoin subject matter, and like you he may be one of those supposedly PM fixated nuttards, who seems to have sold his/her/its BTC too soon - in the sub $500 price arena... at some point, it would seem that nuttards like you would realize the errors of your ways and begin to re-enter a position, but perhaps you are waiting for the supra $500k per BTC arena before you accept the situation?

Sorry for your loss...

Well, not really, perhaps BTC needs some not too smart peeps like you who are evangelizing other stupid peeps (by thinking that you know more than other smarter peeps) that keeps the BTC price down and allows smarter folks to accumulate BTC at lower prices?      

[JayJuanGee]

Once every post in here is bearish and the bulls are laughed at, then and only then can the next rally begin.

there've always been bulls and there'll always be bullish posts no matter what the price is doing. bears are more consistently laughed at no matter what even when they're totally right.

it's not despair that levels the playing field for the next rally, it's crushing boredom.

Get the fuck out of here with that "totally right" language, when it come to bitcoin nobody knows the future not even bears who happen to get it right, because as even you should recognize, no one can be totally right about the future unless that person frames such future in terms of probabilities, which by definition should cause modesty in language, rather than assertions of "totality."   

[RoomBot]

Well, thank you for the cheap coins. 2018 bottom confirmed. Up we go!

I hope you're right, although they're still super cheap.....

Buy, buy, buy!
&
#HODL

[JayJuanGee]

...The concept of fungibility goes to a kind of blacklisting of coins that cause some coins to be less spendible than others, and there is no fucking blacklisting going on through segwit or through lightning network...

To be a little more concise and make this statement clearer:

Fungibility equates to indistinguishably and nothing more, blacklisting is a method.

Blacklisting cannot be applied to anything that is fungible.

Fair enough. 

I have been largely painting this fungibility topic with broad strokes regarding what seems to be a topic that attempts to spread FUD rather than treating an actual serious bitcoin issue which fungibility currently is not such a topic, even though surely there are likely going to be attempted bitcoin fungibility attacks in the future - whether informationally or the employment of various methods, like you suggested blacklisting as one possible method that may not be easy to carry out in bitcoin if "people-empowering" tools continue to be developed and evolve.

[RoomBot]

-snipped-
Another possibility, for several of us, could be to engage in a  kind of trickery in accounting and to cash out of BTC the amount that we invested, and in that regard, we are playing with house money, which is that we do not have any costs associated with the BTC that we hold.  Personally, I don't feel any kind of compelling reason to employ such a harsh strategy or cashing out in order to "play with house money" because 1) that would be valuing my wealth in fiat rather than bitcoin, 2) there are no real fundamental threats to bitcoin, even if the price may perhaps go down to below $3k.. perhaps?  Perhaps? and 3) Even if I am playing with both principle and interest, such practice gives me way more money to "play" with and it is like borrowing from myself to continue to use such value to invest in bitcoin (remembering one important principle that it takes money to make money and the rich get richer, which happens to be applicable to myself and to other BTC hodlers, especially referring to those who have been largely invested into BTC before 2017)

The longer we hold, the greater opportunities will develop to retire with our coin, spending it directly for goods & services & not getting taxed in fiat.

[JayJuanGee]

Of course this fungibility is not an issue, until either a government or individuals begin to engage in a practice of changing value of coins based on demarcation, which is currently not an issue, but instead a speculation of an issue that could come up perhaps maybe blah blah blah.  And, also assuming that there is no way to remove history, then there is a way that coins could begin to look distinguishable from their history... but so far remains a BIG SO FUCKING WHAT?

For me, the dream of fungibility died when Ross Ulbricht went to prison.

But wait... Isn't fungibility a matter of degree rather than an absolute?  It seems to be like a moving target phenomenon in which government and anti-bitcoiners are going to want to place these kinds of restrictions on bitcoin in order to lessen its value and utility; however, developers are going to continue to create vehicles, and users are going to find ways to take advantage of tools that are provided... so in the end, who the fuck cares, if some coins that you have started with silk road, once you get a few levels removed from such.  And, maybe white washing coins will become a more prevalent practice, even through lightning network, perhaps?  Perhaps?

Scaling is a similar subject matter.  There is likely going to be a continued issue about scaling that has to continue to be adjusted for the level of use and the degree to which there are "scaling issues."

In the end, bitcoin is not likely to be broken by either fungibility issues or scaling issues because development and tricks continue to evolve while maintaining some foundational bitcoin principles (in terms of design and operation).

[El duderino_]

Phillip Nunn ----- btc hit 60k this year allways nice to read