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

[d_eddie]

I believe I put them on ignore because they were being extremely chatty with JJG one day and I was tired of seeing walls of texts/rebuttals. No offense d_eddie.

None taken. Admittedly, there are days when I'm hyperactive here, and I could hardly bear with myself if I weren't myself.

[Last of the V8s]

BV101 cover your ears this is not for you lol

"The goal is to try to encourage the use of complete nodes in the network"

What section?

just let the miners decide
http://instantrimshot.com/index.php?sound=rimshot&play=true

[JayJuanGee]

The odds of a party or the odds of $100k?!

LOL...if btc will be at $100K, a party will happen (99.99% probability in my guesstimate )

but the price within 5 years to reach 100K (max 10%, you stick a knife in my heart)  
when moon, when 100k party, when the dream, etc........... or just eternal hodl

You should not need $100k BTC to get rich from bitcoin.

Of course, $100k will help, but you should be able to get rich by overall prudent investing, dollar cost averaging, as long as BTC continues to do its thing.. even if the upward performance becomes less steep.. let's say in the 10% per year arena  rather than the 60% to 100% arena... (yes, I understand ways of calculating can vary), but my point is that you should not need $100k to get rich.  That is 25x from todays price, which certainly is not guaranteed, even if it has decent chances, counting on it seems both fiscally and psychologically irresponsible.  (like gambling with what should be an investment)..

If we get to $100k I may or may not hire a bunch of nerds to make a game with no regard for profit margins. I miss wasting my life in an MMO. The theme park shit we have today sucks ass.

And anywhere before that I'm looking forward to funding some basic research as well as handing out some scholarships to pay back for my free overseas holidays.

I actually do understand that if peeps are either 1) just getting into bitcoin or 2) they just got into bitcoin in supra $10k prices (or have supra $10k average costs per BTC), then they may feel that they need $100k-ish to "get rich", but even with those two conditions that I mention above, there are a large variety of scenarios that fall quite short of $100k that could facilitate really decent living and profits from BTC without necessarily having to reach $100k to achieve various levels of success.

Surely what you are suggesting, BTCMILLIONAIRE, seems to be a level of profit that you would realize in which you could really have icing on the cake, and even if such icing on the cake does not happen, there would likely be a large variety of BTC price performance scenarios that allow you to live quite comfortably (even if BTC does not cause you to have those various extra (still potential) bonuses).

Actually, I recall when BTC was in the $200s and my average cost per BTC was in the $500s.. I think there are several of us who HODLed and Accumulated BTC during those days, I thought that it would surely be nice to get at least to the break even point... and then in that kind of situation, bitcoin is merely serving as a long term store of value,  yet I still continued to think that even if BTC prices do not get above $500 again, I am still o.k. because I have not invested more than I can afford to lose, and I am willing to ride the whole thing down to zero.

Of course, now, for me, there is a lot of cushion and a lot of equity and surely the value of my total holdings does go down if BTC were to go down to zero from here, so yeah, maybe I can act a little bit smug about the whole thing.. yet I still am not really considering the whole situation for me to be vastly different from someone who is currently investing into BTC but has an average cost above $10k.. Every BTC they buy at these prices, brings down their average cost per BTC tremendously, and maybe they don't have a whole hell of a lot of spare cashflow to be monkeying around with, but still that goes to the situation of NOT investing more than you can afford to lose and being able to both ride out the long long term (including being able to pay all bills, have entertainment money, have an emergency fund) and if BTC prices were to go to zero, that long term investors should be ready, willing and able to ride it all the way down because of the way that they got into the investment and that they are not using money that they actually need in the shorter time frames that could last many many years 5-10 years or more. 

I surely don't believe that the chances are very high that what is beginning to seem like a bear market (and perhaps even bottoming out, but unsure) will last more than 2 years from here.... We seem to have really decent odds, especially the 2 years and longer time frame, even though nothing is guaranteed in bitcoinlandia.  By the way, I am picking the 2 years timeline because that is a bit more than 6 months after the May 2020-ish halvening, and even if there are all kinds of pressures to manipulate BTC prices down for the next several years, there comes into effect a kind of hard reality regarding the limited supply that will cause additional difficulties in continued attempts at forcing the price down and the effects become greater and greater felt as the increases of the supply are half of what they are now...  Block reward down from 12.5 BTC per block to 6.25 BTC per block.

[VB1001]

BV101 cover your ears this is not for you lol

"The goal is to try to encourage the use of complete nodes in the network"

What section?

just let the miners decide
http://instantrimshot.com/index.php?sound=rimshot&play=true

Do you think it is not necessary?

[criptix]

https://twitter.com/robots_are_here/status/1070090155791278081?s=21




did they hold or dumped?

[Last of the V8s]

BV101 cover your ears this is not for you lol

"The goal is to try to encourage the use of complete nodes in the network"

What section?

just let the miners decide
http://instantrimshot.com/index.php?sound=rimshot&play=true

Do you think it is not necessary?

no i think it's a very very good idea. go for it. put it in bitcoin discussion i guess. anyone?
link it here please when you've posted it.

[El duderino_]

haha just noticed the stamps on those limited ledgers LoL, but f*** can't break them/use them

[JayJuanGee]

Of course, the rules for student loans, including eligibility and interest rates vary with time, but generally speaking there is a certain level of publicly subsidized loans that do not bear interest until after graduating or other qualifying conditions.

Piggybacking on this discussion...

Currently, 9.1% of student loans are delinquent by 90 days or more. This is an 'asset class' (to the makers) of over $1.6Trillion. Size of junk mortgages in 2007? About $1T.

Ponderate upon this: what happens when those bad student loans go totally tits-up? <mr_rogers_voice>Can you say financial crisis? Sure. I knew you could.</mr_rogers_voice>

I would not get too preoccupied with blaming benefits that go to more regular people as compared to bank bailouts and bullshit like that. 

I think your ponderationin' organ may be able to do with some calibration.

 Those home loans circa 2007 were made to everyday people as well. When they went in arrears, it was mom and pop on street left holding the bags while the fat cats got bailed out. What makes you think it would be any different when student loans are defaulted upon in mass quantities?

I don't give too much of a shit.  Student loans is the current system, and there may be some needs for student loan reform, but those macro considerations are way beyond either my pay level or my individual action level if I were a student considering what to do.

So, in essence, I was looking at this matter from the consideration about what to do as a student, rather than having system-wide concerns as you seem to want to devolve into irrelevancies in your striving to be right about something (that is largely not relevant) regarding the original points that were being made and the reasons for such points.

[VB1001]

BV101 cover your ears this is not for you lol

"The goal is to try to encourage the use of complete nodes in the network"

What section?

just let the miners decide
http://instantrimshot.com/index.php?sound=rimshot&play=true

Do you think it is not necessary?

no i think it's a very very good idea. go for it. put it in bitcoin discussion i guess. anyone?
link it here please when you've posted it.

Ok, when I have it ready I will put the link.

[xhomerx10]

Yellow vests say:

XhomerX needed for inspection

 No strange artifacts so it seems legit.  I went back to the one you posted the other day and found the original image from twitter - it also seems legit.  Sorry to have misled everyone!
The yellow vests are with us

[vapourminer]

"The goal is to try to encourage the use of complete nodes in the network"

What section?

no i think it's a very very good idea. go for it. put it in bitcoin discussion i guess. anyone?
link it here please when you've posted it.

yeah i also think that should do.

[alevlaslo]

besides bitcoin and ETH, you can not sit in anything in a falling market

ETC could not stand the bearish trend and announced the termination of the activities of one of its groups of developers
https://twitter.com/etcdev/status/1069625401515872256

[El duderino_]

Yellow vests say:

XhomerX needed for inspection

 No strange artifacts so it seems legit.  I went back to the one you posted the other day and found the original image from twitter - it also seems legit.  Sorry to have misled everyone!
The yellow vests are with us

Yeah its the same green BTC HAT as well

[El duderino_]

What is this night gonna bring when asleep....??
Will know it fast cause gonna bring myself to my HODLpits

[nanobtc]

Statistically speaking you probably still drink more than me. I prefer the herb. Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.

Hmmm, @BTCMILLIONAIRE...

"Whisky" spelled without an E.
BTC fan.

Are you the originator of the term 'hodl'?  Does your GF go to gay bars? Do the words "pit pat piffy wing wong" mean anything to you?

Just curious.

[Ludwig Von]

What is this night gonna bring when asleep....??
Will know it fast cause gonna bring myself to my HODLpits

Yeah, it goes like this :

https://www.cnbc.com/2018/12/03/bitcoin-drops-8percent-to-kick-off-december.html

[realr0ach]

logistics should be within your baliwick, not mine...

Logistics initiated.

[BTCMILLIONAIRE]

Whisky I mostly enjoy for exploring what the fuck is going on with taste buds.

Anything in particular that you'd recommend? I'd like to up my whiskey tasting game a bit.

Depends what you're into.

I'm quite fond of Caol Ila 12/18 which is peaty, but not as much as Laphroaig, and with a buttery/oily mouth feel that I quite appreciate.

My favourite whisky (so far with my limited experience) would be a Glenmorangie Signet though, which is quite sweet and actually has easily discernible notes of toffee, chocolate and less obvious coffee that you don't normally find in whisky.

As far as non-scotch goes, Japanese whiskies that I enjoyed were any Hibiki, Yamazaki, and Nikka Coffey Grain. They're much tamer than scotch, but interesting drinks nonetheless.

Haven't really played with American whiskies yet, but Maker's Mark is quite nice and very cheap.


Any recommendations that you have?

[BTCMILLIONAIRE]

Whisky...

recommend?

Ah, a topic close to my heart!  Costco has Lagavulin 16 on sale, or at least they did last week...  Bottle's still half full!  Hard to be pesimistic with a well aged, Islay single malt so close at hand.

If'n you've never tried an Islay single malt you may want to start with a Laphroaig 10yo with a splash of distilled water.

Laphroaig is a hit or miss. I love me some good peat, but it's definitely not for everyone. It took me a while to get into too, and I just sucked it up and kept trying a dram every few days for weeks before I could really taste and smell anything other than ashtray.

That's what got me really hooked on whisky though. I was curious to see if there was really something to all the flamboyant and over the top tasting notes that you see everywhere and bought 10 bottles of different scotches to figure out if the deal is real. It is. Who would've guessed that you have to actually buckle down to "learn" tasting.

[xhomerx10]

....... I'm sure opsec would not be too much of an issue at a party on the edges of a tropical jungle on an island somewhere....

It will be juuuuuuust fine

Pardon me guys, I just have to step outside to get a errrr breath of errrr fresh air

 Just make sure you wear your hat so we can see you coming!



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