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

[LFC_Bitcoin]

actually, to be perfectly honest, if I'da sold a coin or two at 19k,
I'd be feeling pretty gloat-ish about now...

In retrospect I ought to have unloaded the whole bucket and never looked back. So it goes

But..bbut... this is exactly what people said back in Dec 2013 when the price hit $1200. Many did unload it all then.

And they regret it now.

Some didn't. And they feel awesome right now, even after this latest downturn.

You know it's gonna happen again, and it will be even more epic.

@Torque - I agree, I would have been a millionaire if I’d cashed out at $19,xxx during the last ATH. I didn’t cash out.....
I know that we’ll see way above $20,000 in the future & I’ll be rewarded for my patience.

North of $50,000 per coin after the next halving.

Power to my fellow HODLERS

[JayJuanGee]

The Bitcoin Quiz:

https://hodlhodl.com/quiz_questions

Dammit 29/30.  I object to the wording of the change question !

And this one has 2 correct answers

What is a Bitcoin address?
A unique identifier of a Bitcoin user in the system

It is a nice little educating quiz that does not go very far beyond the basics with the questions, answers and explanations.  I admit that I got 5 wrong... so I am NOT as smartie pants as some of you udder peeps.   

[Gyrsur]

actually, to be perfectly honest, if I'da sold a coin or two at 19k,
I'd be feeling pretty gloat-ish about now...

In retrospect I ought to have unloaded the whole bucket and never looked back. So it goes

But..bbut... this is exactly what people said back in Dec 2013 when the price hit $1200. Many did unload it all then.

And they regret it now.

Some didn't. And they feel awesome right now, even after this latest downturn.

You know it's gonna happen again, and it will be even more epic.

@Torque - I agree, I would have been a millionaire if I’d cashed out at $19,xxx during the last ATH. I didn’t cash out.....
I know that we’ll see way above $20,000 in the future & I’ll be rewarded for my patience.

North of $50,000 per coin after the next halving.

Power to my fellow HODLERS

[Elwar]

The Bitcoin Quiz:

https://hodlhodl.com/quiz_questions

Dammit 29/30.  I object to the wording of the change question !

And this one has 2 correct answers

What is a Bitcoin address?
A unique identifier of a Bitcoin user in the system

It is a nice little educating quiz that does not go very far beyond the basics with the questions, answers and explanations.  I admit that I got 5 wrong... so I am NOT as smartie pants as some of you udder peeps.   

Actuarally....the largest amount of bitcoins is not actually 21 million...that last .00000...00001 BTC is never reached.

[JayJuanGee]

I’m pretty sure the average 75 year old redneck Trump supporter ain’t got no brain but ok.

Trump is a self-absorbed and entitled retard.

No one with a brain could or should support someone like that on a reasonable and rational basis.  You only support him, with a brain, because you consider him as a useful tool for your cause - whether it is him destroying and disempowering social aspects of government or the other uncertainties that he brings that you believe work to your advantage.

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

There does seem to have been a bit of a social transformation when working class people fail/refuse to understand their position as a working class - and believe that they are advantaged by systems that privilege the rich while failing to provide for opportunity and fair channels for regular peeps.... sure the very industrious are more likely to find a workable channel to cause a certain amount of their own social mobility, even with the existence of structural disadvantages.

I am sufficiently self - aware to appreciate that the preceding two paragraphs do not sit well together and may provide some insight into the current predicament.  

Sometimes social dynamics can change so fast that it is difficult to figure out what is going on, or to have time to try to figure it out and to cause folks to actually act in their self interest - rather than being led down some kind of fantasy path or to play into the hands of the powers that are not looking out for them.

Further, full credit to the Koch brothers for getting rural working classes to hate people who want to give them free health care, free education and workers rights.  That was truly masterful.  You have to appreciate the audacity and execution.

I agree that it works out for the persistent rich who beat away at the consciousness and institutions to get their way and to brainwash folks into believing that the system is fairly set up for them.  So it takes a bit of genius and luck to find a path to social mobility in these current kinds of circumstances.

[jbreher]

my daily truck is...unconventional...

Syclone?

[JayJuanGee]

Maybe you cant conflate all students into "student"

Some worked hard got good jobs and earned big money. Some assumed they will never repay the debt partied it away and didn't give a shit. and I bet many more variations.

I agree with you that the variation in student debt likely parallels regular society, but I would imagine that students should be a bit smarter than average peeps - and therefore, have some greater abilities to realize that there is a difference between investing in building capital (making yourself smarter or putting your money to work into a business or a likely value appreciating asset) versus consumption (such as partying and buying depreciating items such as luxury cars versus a practical car, if needed).

[jojo69]

my daily truck is...unconventional...

Syclone?

more of a truggy

[JayJuanGee]

Fuck mortgages and fuck debts. I am glad I don't have neither.

If i want something, I just buy it. If I don't have the money then I skip it. What is wrong with people they can't understand a simple concept like this. If you don't have the money why the fuck would you go under a debt??

I personally believe that there is good debt and bad debt.  Good debt is investing in some thing(s) that are likely to appreciate in value or allow you to earn more capital/value/wealth.

One of the great potential use cases of bitcoin remains that it could give folks access to capital and wealth that they might not otherwise be able to access through traditional means - including some places do not even have credit cards that are available to regular peeps, and if you use your credit card debt wisely, you can profit from such debt access.

They do keep trying. I get a lot of please take our 0% offer  (1.9% fee is not 0%) idiots.

There are definitely ways (strategies) to roll that kind of credit card debt access to your advantage... as long as you use the money to earn money or to strengthen your cashflow.

If you use such investments on depreciating assets, or you don't figure out a way to pay it off in full at the end of its promotional period, then you will fuck yourself (and that is what they count upon for profits), but if you have a plan and stick to your plan, you can play the 0% (including whatever fees - 1% or 5% or whatever it is for you) to your financial advantage (while building your mainstream "credit worthiness", too).

[Torque]

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only work lifestyle left in America for anyone, anywhere. It was all highbrow and very condescending. They figured that this is what all Americans want and need -- blue collar work was for lower class citizens. It was obvious that they wanted to model American work life after Japan's corporate zone. Completely disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... they're outsourcing those too. In China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

[JayJuanGee]

1 week max before bears try to make profit again on those people who buy bitcoin in last 2 weeks  ? Many of those (especially new one) will most likely close their position, making bears profit.
This will triger also "i have enought of this shit" from some other long time people, making price reach new bottom.

And then we go into repeat mode again, bears making profit on those who just joined the game.

You are engaging in a "wishing game."  You describe a scenario that you hope will happen, and you and your shill company figure that if you get enough people saying these kinds of things, then you will be able to create enough FUD to shake enough weak hands to cause your wish to become true... ..

[Paashaas]

LN capacity reached 51 BTC up from 30 last week

https://1ml.com/statistics

[suchmoon]

I personally believe that there is good debt and bad debt.  Good debt is investing in some thing(s) that are likely to appreciate in value or allow you to earn more capital/value/wealth.

There are some scenarios where it makes sense to borrow for depreciating stuff as well - it becomes a sort of a rental then. A car is one example. There is no way I'd spend $25k of my own money and I really don't wanna drive a $5k clunker because my time has value too. So I "rent" it for $200 a month or so. Will not build any equity in it but I don't care, it's not an investment.

Borrowing beyond one's means - bad. Borrowing to take advantage of the horribly broken banking system - fair game.

[JayJuanGee]

I will admit that Roger ...

There is a bit of a strange overlap with his supposed concept of wanting decentralization, but wanting to have veto power, too...

OK, I'll bite. What is this 'veto power' of which you speak?

It is a concept that Roger Ver does not want to participate unless he gets his way.  

So to you, withdrawing from participation is 'veto power'.

Whoaza, jbreher dee bcash supporting bear.   Your blind support for Roger Ver seems to be causing you to distort and twist what I said about that emotional self-absorbed nutjob, also known as Roger Ver.

Do you have such 'veto power', JJG?

What the fuck does this have to do with me?  Each of us has control to act within our circumstances to a certain degree, of course, and surely my position is much different than someone like Roger Ver, who got into bitcoin much earlier than me, and came into a much different public role in bitcoin, in large part, due to his early investing into it (I think that he might have done some leveraging too, that paid off, but however, he got in, he made a killing early on which allowed him to serve a much different role than any regular person, and along with that might also be responsibilities that he would have that a normal person might not have - context specific, of course).

Do you believe the desire to be able to remove yourself from an undesired situation is somehow aberrational?

Get the fuck out of here with your nonsense implied assertion that Roger Ver has been playing some kind of passive role... and removing himself.. he is not doing any such thing... A more accurate depiction would involve describing his continued activism in the space including engaging in an ongoing attack on bitcoin, and having these kind of emotional desires to prove himself.

- and your desire to defend him and craig wright ...

I don't have any desire to defend Roger or CSW. You seem to be conflating these personalities with BCH -- a common small blocker delusion.

Yes.. redefine all that you like, but your conduct rises to the level of defending various bcasher nutjobs, including Ver and Wright.

Sure, I correct stated untruths regarding these folk, but that is defending the truth, not the personalities themselves.

You can parse and attempt to distinguish your actions all that you like, but in the end, you are still supporting and defending the overall bullshit conduct and attack attempts of the bcasher nutjobs, and whatever other BIG blocker nutjob flavor of the months come your direction that might be helpful to your overall stupid ass, propagandistic and possibly ill informed BIG blocker narrative.

[El duderino_]

actually, to be perfectly honest, if I'da sold a coin or two at 19k,
I'd be feeling pretty gloat-ish about now...

In retrospect I ought to have unloaded the whole bucket and never looked back. So it goes

But..bbut... this is exactly what people said back in Dec 2013 when the price hit $1200. Many did unload it all then.

And they regret it now.

Some didn't. And they feel awesome right now, even after this latest downturn.

You know it's gonna happen again, and it will be even more epic.

@Torque - I agree, I would have been a millionaire if I’d cashed out at $19,xxx during the last ATH. I didn’t cash out.....
I know that we’ll see way above $20,000 in the future & I’ll be rewarded for my patience.

North of $50,000 per coin after the next halving.

Power to my fellow HODLERS

[JayJuanGee]

Isn't this the same footage where the thing blew up moments later?  

funny you mention that, I thought the same bout 2 years ago....lol
(apologies for self quote)

Of to the number of the beast

I hope thats not the Challenger....

I understand that we continue to make comparisons to earlier times, and frequently attempt to get our brains around the numbers or whether a sufficient amount of time has passed in order to permit a rocket.

In my mind, I have been  considering the possibility that this period could be kind of like the one in which BTC is stuck in the 200s for a bit over 8 months, and then when she broke out of that range, she went quickly up to $500, then returned to retest support at $300 and then got stuck in the $350 to $450 range for a bit more than 6 more months.

I recall between August 2017 and December 2017, when we quickly went up to $19k and then returned back down.    I experienced some numerological difficulties - adjusting to the quick changes.

It seems that I am still having some subconsciousness difficulties with numbers - 3 digits versus 4 digits.  A few days ago, I had a short dream of BTC prices dropping, and you know the way dreams can kind of be elusive because it seemed that I looked at prices in the $800s, and I thought shit, BTC prices are dropping pretty badly, and then I looked again and BTC prices were in the $600s.  I did a bit of a double take to absorb that I was seeing 3 digits rather than 4, and I said to myself, "oh shit", and whenever there are fast drops, there is a bit of a concern about what to do with my orders, and of course, I tend to think about being able to buy before the bounce and to attempt to time the bounce properly.  

I cannot recall if (in my dream) I got my order "in on time", but I saw that the maximum of the drop was in the mid-to-upper $400s, and then a bit later, I saw that BTC prices had returned to the $800s.  Strange on a percentage basis... yet with some mental reservations (perhaps some shell shock), I thought that surely that going down into the $400s must have been the bottom and the bounce?

[JayJuanGee]

So price wise, is this going deeper or are we out of the dark? I personally think that we will go and test prices around 3xxx, where it should bounce back up. Again, no real TA behind it, just my own prediction based on different articles and stuff.

Would like to hear what TA specialists have to say about this. And maybe throw us some graphs.

You read a bunch of articles saying that bitcoin is going down, therefore the weight of the evidence causes you to feel that there are pretty decent chances that bitcoin is going down.

That makes a lot of sense.    

[lightfoot]

There are some scenarios where it makes sense to borrow for depreciating stuff as well - it becomes a sort of a rental then. A car is one example. There is no way I'd spend $25k of my own money and I really don't wanna drive a $5k clunker because my time has value too. So I "rent" it for $200 a month or so. Will not build any equity in it but I don't care, it's not an investment.

Blah. Used car: Invest in a set of tools and the ability to read and you can get that 25k car for a few K tops. My newest car is a 2002, 2001, 95,87,86,68. Why in the name of heaven would I want a new car?

[El duderino_]

@this moment i have a very fun moment like 1-2 times a week going to the massage saloon with my girl for a 2 hours relax time ,but just during the 1 hour foot massage reading this threat is becomming a real habit ......

for the rest short break to mallorca tomorrow hoping to catch belgium @the finals there fingers crossed for this once in a liftime oppertunity to make it to the finals and maybe to take the cup

@the same time common BTC break back above 7K its time    

[Elwar]

You read a bunch of articles saying that bitcoin is going down, therefore the weight of the evidence causes you to feel that there are pretty decent chances that bitcoin is going down.

That makes a lot of sense.    

Reminds me of that gorilla who used sign language to tell humans the garbage that his handlers fed him his whole life.