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

[El duderino_]

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[serveria.com]

Im starting to realize that crypto is just a giant ponzi scheme.  Wish I never invested in this bullshit, Lost so much money and now I have constant suicidal thoughts.  I should of listened to warren buffets advice.

What a clown, I can see a big fat bearwhale hand sticking out of this sockpuppet's ass!  

[crypmike]

now it looks much healthier

[bitserve]

(6th) February:

Bitcoin: $106 Billion
Altcoins: $214 Billion

Today:

Bitcoin: $108 Billion (+1.75%)
Altcoins: $87 Billion (-60%)

That was at the height of ICOs and everything being "the next Bitcoin" the question is, is it a consolidation or a market loss?

Both.

[JayJuanGee]

Yep I also had to downgrade my lifestyle.

Me too tbh, I’ve lived a bit of a false life since last year when I cashed in all my free BCH.

HODLING bitcoin is boring as fuck, having all that money but not being able to spend any of it. Fucking cock tease.
It’ll all be worth it in a few years though.

Same. The funny thing is that I haven't actually cashed out anything. I just looked at my wealth increasing "on paper" last year, and stepped things up accordingly. Ate at fancier restaurants, flew first class, etc.

Now I'm back to Taco Bell and flying coach.

Sell high, buy low  

Bolded - Most commonly used quote in trading & not just crypto. People get burnt that way all the time. How many people sold at $2000 - $3000 last year thinking they were going to ‘sell high, buy low’.

Good point!!!!!

That's why you gotta change the mantra a little bit.. to "sell on the way up and buy on the way down" because you can never determine with any kind of precision when is the top and/or when is the bottom.. and therefore incrementalism rules, rather than all or nothing.  Accordingly, you sell such small amounts of BTC that you never are going to run out, and buy back only a bit more than you sold, so you never run out of fiat, either.  The system works, as long as the asset goes up in value in the long term, but such system is not likely to work too well with pump and dump shit coins that are quite likely to go to zero or some other value approximating lower and lower (because let's face it, a lot of the shit (zombie) coins continue to survive in spite that they are shit.. they get revived and revived and revived several times after you thought that they were ded, dead)

[JayJuanGee]

Nice reading — An Overview of Privacy in Cryptocurrencies

https://thecontrol.co/an-overview-of-privacy-in-cryptocurrencies-893dc078d0d7

Where is bitcoin in your post?  Are you saying that bitcoin does not have privacy or plans for privacy?  Are we referring to a work in progress or a spectrum rather than all or nothing?  What is the point of your post, in this bitcoin thread?  Discuss.   

[JayJuanGee]

thoughts on this?

https://twitter.com/SEC_News/status/1038905740222779394

Why don't you post your own thoughts?  Do you have any?

[El duderino_]

highly recommended the one owning this card... use it

[JayJuanGee]

^
Let the coffin be full of nails we don’t need an ETF and surely not This year..... i think most of everybody already thinks there’s No ETF happening any time soon 

A few weeks ago, there was probably more uncertainty about whether an ETF will be approved this year or in the near future, but I agree with you, mic, that it is seeming to be more and more the case that "NO on the ETF this year" has become "priced into" our current BTC price situation, and therefore, no one is really going to give a ratt's ass about further disapprovals - yet on the other hand, if an ETF were to end up getting approved this year, then it likely would cause a surprised and excited upwards BTC price utterance.

[crypmike]

Nice reading — An Overview of Privacy in Cryptocurrencies

https://thecontrol.co/an-overview-of-privacy-in-cryptocurrencies-893dc078d0d7

Where is bitcoin in your post?  Are you saying that bitcoin does not have privacy or plans for privacy?  Are we referring to a work in progress or a spectrum rather than all or nothing?  What is the point of your post, in this bitcoin thread?  Discuss.   

Seems like you are in good mood today )  

alright, It's true, there is no bitcoin in this article but this article is interesting imo. Nice reading is always nice
But if everybody wants to discuss only btc in this topic, I won’t share such stuff
Didn’t want to spam here if you meant it

[El duderino_]

^
yeah don't spam down here friend       

[JayJuanGee]

Oh I don't know dude, how about a medium of exchange?

Some days I wonder if "store of value" is what I signed up for when I started working with Bitcoin. The idea at the time was to be able to collect payments and buy stuff using something other than Paypal and dollars.

Now.... Still use it for that, but it's more complicated.

Get out of here (notice the absence of an expletive) with that medium of exchange versus storage of value false dichotomy.

Do whatever the fuck you want with your bitcoin, and if you think that there is some other preferred medium exchange, buy some of that.

The development of bitcoin takes time, and many of us know the expression that if a better mouse trap is built, then peeps will come to buy that mousetrap.

There is no better mousetrap than our little friend, aka bitcoin, and who the fuck wants to spend it if it is likely to appreciate in value.

Of course, you can spend it and then replace it, if that is what you chose to do, but it is not like we are absent other mechanisms to pay for things, such as fiat? or bcash? or ethereum, or some other non-appreciating asset/currency?  if I used my credit card, I earn points.. If I don't have a credit card, then maybe I will spend my bitcoins if I don't have any other way to transfer value, but most places have fiat.. and if that fiat is depreciating in value, you gotta find some place to put your value.. bitcoin?  or some other more stable fiat? or what?  gold, silver or some other PM?   I prefer bitcoin, personally.. it is more portable and gives me a sense of empowerment in terms of managing a decent portion of my own accumulated value/wealth.

[d_eddie]

Just a little perspective.

Feels like lift off. Everybody hand me your pants. No time to explain...

It was one year ago. Bitcoin was around $5k. That's nearly 40% year over year.

[HairyMaclairy]

A whole lotta bear trolls around today.  Their shorts must be on fire.

[marcus_of_augustus]

Pain and doom in the land of Alt has bought out all the worst shills and trolls ... they hate us cause they ain't us.

ETH is the biggest nothingness in crypto and will go back to what it is worth ... about nothing. Not one of these alts has a use case that bitcoin cannot do natively, with sidechains or other second layers ... maybe namecoin.

[JayJuanGee]

Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.

Yeah, of course, if you are asking your stupid ass question about cashing out in order to spread FUD, then HODLers not going to be too receptive to those kinds of ideas.  Many long term HODLers are not opposed to reasonable and incremental cashing out (or locking in profits or attempting to cash out to buy more on the way down) when folks are attempting such selling on the way up.  

When you refer to HODLers as "coin sluts" or you start promoting selling BTC on the way down, including pushing such bullshit at the bottom of an already decently sized correction (70% for example), then you start to come off as either spreading FUD, unnecessarily denigrating bitcoin or just stupid, and that is NOT likely to be appreciated by BTC HODLers.. and in those circumstances you deserve to get your eyes scratched out.

[El duderino_]

A whole lotta bear trolls around today.  Their shorts must be on fire.

Good we have you around to light Things up a bit 

Explaine the idiots again its a long term thing with lots of positive points and shit.....

[d_eddie]

Pain and doom in the land of Alt has bought out all the worst shills and trolls ... they hate us cause they ain't us.

ETH is the biggest nothingness in crypto and will go back to what it is worth ... about nothing. Not one of these alts has a use case that bitcoin cannot do natively, with sidechains or other second layers ... maybe namecoin.

One of my friends is a computer guy and understands what crypto is all about. He was an Ethereum enthusiast. It wasn't the financials that excited him, but the idea of DAPPs and the concept of Turing completeness.

I replied that Turing completeness baked into the chain is a recipe for disaster, or at least a liability. However, this line of reasoning never scored a point with him.

He'd heard about the DAO, but not the last chapter. I told him the end of that story. His first actual crypto purchase was a bit later, and he's a bitcoin hodler now. As in bitcoin only.

[d_eddie]

Oh I don't know dude, how about a medium of exchange?

Some days I wonder if "store of value" is what I signed up for when I started working with Bitcoin. The idea at the time was to be able to collect payments and buy stuff using something other than Paypal and dollars.

Now.... Still use it for that, but it's more complicated.

Get out of here (notice the absence of an expletive)

Please don't lose the expletives!

[HairyMaclairy]

If I am shorting ETH does that make me a shitcoiner?