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Question: What year will we achieve a new ATH?
2019 - 43 (28.7%)
2020 - 59 (39.3%)
2021 - 34 (22.7%)
2022 - 8 (5.3%)
2023 - 1 (0.7%)
Never - 5 (3.3%)
Total Voters: 150

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21180715 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. (24 posts by 13 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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August 06, 2018, 04:22:32 PM


I am not sure if I understand the pyramid.

The way that I see it is that there is actual accumulated wealth and there is annual income.

Of course, if you accumulate more wealth then the accumulated wealth can provide a higher income, otherwise you are dependent upon others for providing your annual income.

Also, the more that you are able to live on resources that are below your annual income, then the more that you will be able to accumulate wealth and to therefore aspire to accumulate enough wealth in order to be able to have your assets support your lifestyle (and likely retaining some additional cushion, too).

The pyramid does not seem to be complete, and it seems to be depicting accumulated wealth without juxtaposing that with annual income, right?  Or am I missing something?

That's just liquid wealth (typically consisting of liquid assets not including main house equity) pyramid without taking income into consideration.
Source for the latest:
https://www.credit-suisse.com/corporate/en/articles/news-and-expertise/global-wealth-pyramid-decreased-base-201801.html


I appreciated looking at the full article, and the other regional chart in there.
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mymenace
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August 06, 2018, 04:26:28 PM



try and scan that qr code  Cheesy

road warrior, so awesome.

JayJuanGee
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August 06, 2018, 04:28:20 PM

Just like your guess on the list for highest price This year ..... around 7.5K or something
 Roll Eyes  Roll Eyes

LOL
yer sorry, i got that one wrong.  but still made decent profit 20k peak.

You are hardly convincing.

How could you be in a position to be making "decent profits" at any point in time if you are continuously  spewing bear scenarios?

If you attempt to live anywhere near your prophecies, then you are not going to have very much of your possible investment capital in bitcoin.  Therefore you are quite likely to be way under invested into bitcoin during times in which the exponential price increases take place.

As the old saying goes, "you gotta be in it to win it" and bitcoin has a relatively low number of real bull days during any particular calendar year.. even during bull years... so if you are nearly always preaching the bear scenario, then you are likely going to largely miss out on those bull days, when they do occur.

It was meant to say "decent profit since 20k peak".

There is an element of truth to what you say.  I didn't hold any bitcoin from after i got wiped out to now, just alts.  made about 2000% by this time last year.  sold all well before the peak.   if i'd held bicoin and sold at the exact peak that would be about 1500% profit.   made almost 400% trading since Dec 2017.  So since, i guess approx mid 2014 (i can't remember the date), thats about 8000% in 4 years.  That's a conserative estimate.

But i did't have much to start with, so still very small fry, but im happy and very greatful.

I suppose that it takes all types, and even those betting against bitcoin can make profits, even though it would be a lot more difficult to do so, especially when the price had gone up nearly 80x between late 2015 and late 2017...

But, yeah there were a lot of bear periods in there too... and like you mentioned additional bear periods in 2014.
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August 06, 2018, 04:35:26 PM



I took a train from San Fransisco to salt Lake city once, Never again! Seriously bumpy for 15+ hours and the damn thing didn't have a BAR car!!!!

I only did it to see how it compared and I would take a bus over that ride anyday, and buses suck.

But I think American rail systems are lagging and that was in the 90's so maybe things have changed? I'm never going to try again to find out though.+



Was it slightly overcrowded like this?

Hueristic
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August 06, 2018, 04:49:57 PM



I took a train from San Fransisco to salt Lake city once, Never again! Seriously bumpy for 15+ hours and the damn thing didn't have a BAR car!!!!

I only did it to see how it compared and I would take a bus over that ride anyday, and buses suck.

But I think American rail systems are lagging and that was in the 90's so maybe things have changed? I'm never going to try again to find out though.+



Was it slightly overcrowded like this?



Amusingly enough there was just a hand full of people (less than 10 IIRC) and 1st class was empty so I just sat down in there so I had a chair that would recline. And almost got tossed out because I didn't have a 1st class ticket. But I talked the conductor into letting me stay as it was empty. I have no clue how they could afford to run that line, I bet it's subsidized (one of our gov's corporate welfare programs).
LFC_Bitcoin
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August 06, 2018, 04:50:08 PM



I took a train from San Fransisco to salt Lake city once, Never again! Seriously bumpy for 15+ hours and the damn thing didn't have a BAR car!!!!

I only did it to see how it compared and I would take a bus over that ride anyday, and buses suck.

But I think American rail systems are lagging and that was in the 90's so maybe things have changed? I'm never going to try again to find out though.+



Was it slightly overcrowded like this?



I bet that train fucking stinks
Hueristic
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August 06, 2018, 04:51:48 PM

I bet that train fucking stinks

I wouldn't doubt people die in those regularly.
gembitz
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August 06, 2018, 04:54:30 PM



https://www.youtube.com/watch?v=KqGDD0bTkXs


ALEX JONES BANNED!!!  Shocked #REPTILIAN AGENDA

BobLawblaw
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August 06, 2018, 05:02:41 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??
Karartma1
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August 06, 2018, 05:11:30 PM

I'll drive a fucking military tank. Gotta protect those hardware wallets from you crazy nuts in case I get drunk
Phil_S
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August 06, 2018, 05:13:06 PM

Bob is right. Besides, trains go sideways.

We need to find a place accessible by rockets only. Smiley
itod
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August 06, 2018, 05:13:30 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

Hate to break the news to you, but there are no street-legal automobiles which can go as fast as modern, non-US, trains. Speed-wise, even helicopters are having hard time catching up modern passenger trains.

For a reason unknown, US is *the* only modern 1st world country which keeps it's train network in a laughable state.
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August 06, 2018, 05:15:01 PM
Merited by BobLawblaw (1)

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?
Rosewater Foundation
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August 06, 2018, 05:26:25 PM
Merited by BobLawblaw (1)

Bob is right. 
Yeah, well, maybe.


HI-TEC99
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August 06, 2018, 05:37:00 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.
kirreev070
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August 06, 2018, 05:42:23 PM
Merited by JayJuanGee (1)

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

If I don't have 5 or 10 bitcoin? And now price very bad. I am sad.

BobLawblaw
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August 06, 2018, 05:44:45 PM

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

Naw dude, just sign the invitation from a funded-enough address, to have the address/location/country/planet/galaxy revealed.

No need for bankers or people to HODL admission funds :-)

We have the technology.
LFC_Bitcoin
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August 06, 2018, 05:48:05 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

I meant you need to prove that you have over 5 bitcoin’s to be invited. Otherwise we’ll end up with no coiners & ‘low coiners’ Grin
I don’t want to share my Cristal & lobster with peasants.
Phil_S
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August 06, 2018, 05:48:40 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

That's not entrance fee. That's how much should be left in the wallet, after paying let's say 0.1 entrance fee.
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August 06, 2018, 05:54:26 PM

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

Naw dude, just sign the invitation from a funded-enough address, to have the address/location/country/planet/galaxy revealed.

No need for bankers or people to HODL admission funds :-)

We have the technology.

just don't bring a phone with funds to this future meetup, witness recent SIM-jacking of crypto conferences attendees (lost $5 mil).
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