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

[JimboToronto]

My sister bought me a book by Mark Manson recently.



 I think it would be a good supplemental read when you finish with Jimbo's suggestion.

You mean this one?

http://v1x0r.com/downloads/Books/SelfHelp/The%20Subtle%20Art%20of%20Not%20Giving%20a%20Fck.pdf

Thanx. I just grabbed the PDF. Will read.

[Rosewater Foundation]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

[Last of the V8s]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.

[Rosewater Foundation]

[JimboToronto]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Geeze. Sorry about that. I didn't mean to bum you out.

I'll admit the writing style is a little "cringe-y and homespun" but it left me feeling happy after reading it.

Maybe xhomerx10's suggestion will work better.

[Rosewater Foundation]

Next time you want to cheer me up, how about a cat meme?

[HI-TEC99]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Geeze. Sorry about that. I didn't mean to bum you out.

I'll admit the writing style is a little "cringe-y and homespun" but it left me feeling happy after reading it.

Maybe xhomerx10's suggestion will work better.

Maybe not, the Huffington Post review warns it contains no "soft puffy cloud prancing unicorns offering hugs on colorful rainbows".


https://www.huffingtonpost.com/tree-franklyn/the-subtle-art-of-not-giv_b_12012008.html?guccounter=1

There are no soft puffy cloud prancing unicorns offering hugs on colorful rainbows, only F-bomb explosions and brutal smack-you-in-the-face reality slaps.

What good's that to bitcoiners? We want unicorns.

[JayJuanGee]

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.

Our strategy should not be so anxious as to expect $20k too soon, and there is some value to having bitcoin price lower in order to be able to continue to accumulate a decent position, such as 5 to 10 btc.  Just a couple years ago, you could have gotten 10 BTC for around $2,500, and now it is going to cost you nearly $70k.... So, yeah, once bitcoin goes above $20k, and perhaps significantly stays above $20k, then $200k entrance point for the double digit BTC stash...   So, easier to attempt to enter bitcoin now, and continue to accumulate - even if the price goes down more from here for a short period of time - hopefully not another 3 years of down from here, but you never know in bitcoinlandia.

[JayJuanGee]

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).

Do you have a link?

[Rosewater Foundation]

Our strategy should not be so anxious as to expect $20k too soon

[jbreher]

Interesting observation from Yuval Noah Harari, found within a treatise on society's long-standing relationship with Fake News:

"You might argue that, at least in some cases, it is possible to organise people effectively through consensual agreements rather than through fictions and myths. Thus in the economic sphere, money and corporations bind people together far more effectively than any god or holy book, even though everyone knows that they are just a human convention. In the case of a holy book, a true believer would say “I believe that the book is sacred” while, in the case of the dollar, a true believer would say only that “I believe that other people believe that the dollar is valuable”. It is obvious that the dollar is just a human creation, yet people all over the world respect it. If so, why can’t humans abandon all myths and fictions, and organise themselves on the basis of consensual conventions such as the dollar?

Such conventions, however, are not clearly distinct from fiction. The difference between holy books and money, for example, is far smaller than it may seem at first sight. When most people see a dollar bill, they forget that it is just a human convention. As they see the green piece of paper with the picture of the dead white man, they see it as something valuable in and of itself. Hence in practice there is no strict division between knowing that something is just a human convention and believing that something is inherently valuable. In many cases, people are ambiguous or forgetful about this division."

https://www.theguardian.com/culture/2018/aug/05/yuval-noah-harari-extract-fake-news-sapiens-homo-deus

[JayJuanGee]

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.

100 coins is a lot of coins these days.  Even 10 coins seems to be a decent stash... especially if we can get another upwards BTC price move and if the person can still maintain 10 coins in his possession, even at higher BTC prices. 

Let's say, for example, that a person currently has 12 bitcoins, but if the price goes up to $20k then that person might only have 11 coins and then $40k only 10 coins.. so it can be difficult to maintain a certain quantity of coins when the BTC price goes up.. so in my thinking, any rational HODLer has to consider starting with a quantity of bitcoins that is a bit of a higher number of coins that s/he aspires to maintain at target higher prices.

I recall in about early to mid 2014, I had responded to one of rptiela's posts about some party or gathering that he was planning to have (perhaps at his castle), and since I was still early into bitcoin, my goal, at that time, was to attempt to acquire 30 coins in 6 to 12 months.. something like that. 

When I mentioned that I might want to consider his party, and rptiela asked me about how many coins I had and he gave me some snooty response that there was going to be a 100 coins minimum to be invited to any of his parties.. blah blah blah..   

Sometimes the scammiest of folks are not only engaging in exclusivity considerations, but also trying to figure out ways to target folks who are dumb enough to flaunt there quantity of coins.  Right around that same time, rptiela claimed that he had lost his laptop in the sauna of a bitcoin conference hotel, and there were thousands of coins on there.. something dumb like that.   

[HairyMaclairy]

ot:

Climate change denial – involves denial, dismissal, unwarranted doubt or contrarian views which depart from the scientific consensus on climate change, including the extent to which it is caused by humans,

https://en.m.wikipedia.org/wiki/List_of_topics_characterized_as_pseudoscience
lots of these are obvious wierd, but wtf is that^ authoritarian socialist claptrap

on topic: also includes this lol

Technical analysis ... The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable.[13] It is still considered by many academics to be pseudoscience.[14]

TA is probably the only pseudoscience where if enough people believe in it, then it becomes true. TA is effective as a form of collective delusion, and that is enough.

[Raja_MBZ]

Smells like trouble for bitcoin's dominance:



Or will it break out?

[Last of the V8s]

ot:

Climate change denial – involves denial, dismissal, unwarranted doubt or contrarian views which depart from the scientific consensus on climate change, including the extent to which it is caused by humans,

https://en.m.wikipedia.org/wiki/List_of_topics_characterized_as_pseudoscience
lots of these are obvious wierd, but wtf is that^ authoritarian socialist claptrap

on topic: also includes this lol

Technical analysis ... The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable.[13] It is still considered by many academics to be pseudoscience.[14]

TA is probably the only pseudoscience where if enough people believe in it, then it becomes true. TA is effective as a form of collective delusion, and that is enough.

But everyone's is different. Whose chart becomes true?
Anyway btc died again.

[Rosewater Foundation]

Surprise?

[Biodom]

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).

Do you have a link?

yeah
https://www.techspot.com/news/75750-20-year-old-college-student-hacked-40-phones.html

[CookieFactory]

ot:

Climate change denial – involves denial, dismissal, unwarranted doubt or contrarian views which depart from the scientific consensus on climate change, including the extent to which it is caused by humans,

https://en.m.wikipedia.org/wiki/List_of_topics_characterized_as_pseudoscience
lots of these are obvious wierd, but wtf is that^ authoritarian socialist claptrap

on topic: also includes this lol

Technical analysis ... The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable.[13] It is still considered by many academics to be pseudoscience.[14]

TA is probably the only pseudoscience where if enough people believe in it, then it becomes true. TA is effective as a form of collective delusion, and that is enough.

Isn’t that just the market mechanism in general?

[Biodom]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.

9.5?
Nice

[B1tUnl0ck3r]

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

Aww, don't go down that road. It's closed anyway.

9.5?
Nice

it's a kidnapping for little st james island?