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

[El duderino_]

via Imgflip Meme Generator

https://twitter.com/hodlonaut/status/1083746462419308544?s=21

[Arriemoller]

I get (and like) everything about bitcoin with one point that is not clear to me: is credit possible in btc-based financial system?
If yes, then how? If no, it could be a limitation, albeit most people might think that this is a feature.

I enjoy short term zero % credit (as i pay my bills in full every credit card cycle).
I fully understand that it is a gimmick and most people don't do that and accumulate debt, although my personal interest payment is -1.5% (1.5% reward and NO interest).
How bitcoin can/will fight this?

I would be happy to lend my btc (on a monthly basis) to a reliable party (if there is such a thing in btc world) and get back 2-3% interest on a yearly basis, but only if interest is in btc and not fiat.
IMHO, btc lending needs to be established and sooner rather than later.

Yes you can have credit. Credit just means that someone else is paying for you.
They simply pay your bills with their own money/bitcoins and then you pay them back at the end of the month or whenever the bill is due. It's just another word for loan.

However, a real loan, over several years, would be impossible to pay back if you get paid  in fiat and would have to convert to bitcoin every payment because of bitcoins rapid deflation. But that's another question.

[El duderino_]

Into HODLhibernate

Buy and hodl
WO brothers

And goodnight

[Toxic2040]

Ин yaлл oбзepвep, yйpд бaлeт дaнcep интepэкт yитъ ю.

Moй paзгoвopный pyccкий дoвoльнo плoxoй .. ты тoлькo чтo cкaзaл пoд pyкoвoдcтвoм бaлepины?
Tы пьян.

lol'd

+1 WOsMerit

-------

I get (and like) everything about bitcoin with one point that is not clear to me: is credit possible in btc-based financial system?
If yes, then how? If no, it could be a limitation, albeit most people might think that this is a feature.

I enjoy short term zero % credit (as i pay my bills in full every credit card cycle).
I fully understand that it is a gimmick and most people don't do that and accumulate debt, although my personal interest payment is -1.5% (1.5% reward and NO interest).
How bitcoin can/will fight this?

I would be happy to lend my btc (on a monthly basis) to a reliable party (if there is such a thing in btc world) and get back 2-3% interest on a yearly basis, but only if interest is in btc and not fiat.
IMHO, btc lending needs to be established and sooner rather than later.

Yes you can have credit. Credit just means that someone else is paying for you.
They simply pay your bills with their own money/bitcoins and then you pay them back at the end of the month or whenever the bill is due. It's just another word for loan.

However, a real loan, over several years, would be impossible to pay back if you get paid  in fiat and would have to convert to bitcoin every payment because of bitcoins rapid deflation. But that's another question.

There are and have been many btc loan services AFAICR. I think its the enforcement on default debitor's that is the problem. What recourse does a lender have if someone absconds with your coin? Civil litigation is expensive and time consuming in the US anyway. I think it far to easy for someone to run a long con to consider using larger amounts. Micro loans and payday loans could probably be profitable within the right jurisdictions. I guess it all really comes back down to having a "trusted" third party as a intermediary handling your private keys...   Not many bitcoiners favorite thing imho. A smart contract layer will probably solve many of these issues.

[P_Shep]

This is what I use:
via Imgflip Meme Generator

Yeah, cost me $3718.

In fact nearly $20k at one point...

[bitcoincidence]

via Imgflip Meme Generator

https://twitter.com/hodlonaut/status/1083746462419308544?s=21

I admire your efforts to keep the moral high but doing so in this thread that is something like the "Hodler's Central Committee" is like quoting Marx and Lenin on billboards in a communist country ... 

[jojo69]

I am a drunk with hygiene issues and a degenerate gambler.

Where do I sign up for your newsletter?

[jojo69]

...weird Ballerina guy...ignore...rude...

I put up with him for -years- but that one night over the holiday was just beyond the pale.

[Bitcoinaire]

...weird Ballerina guy...ignore...rude...

I put up with him for -years- but that one night over the holiday was just beyond the pale.

Another sign of capitulation, we're near, if not behind it......

[Spaceman_Spiff_Original]

I had a bad feeling about my speculation these past few days, no strong beliefs and lots of doubt, but I kept my positions open with some hopium anyway.
Then I got wiped...

My name is Spaceman Spiff, and I too am a degenerate gambler with hygiene issues (only an occasional drunk though).


Unfortunately, in contrast with Hairy my gambling has cost me quite a bit the past year...

[gembitz]

fuck that guy

Who ? The artist I posted about just above your post ?
He's a nocoiner ?

yes him. he wrote 'bitcoin - tulipmania is back' on his craft project

Oh ok, got it.

This one's much better then :



It's an homage to Finney's tweet from 10 years ago.
The artist calls himself cryptograffiti.

Repurposed credit cards sit atop a used bank safety deposit box.

Inside is a customized Casa Node allowing you to "run bitcoin.”

Embedded is Hal's signed card given to me by his wife Fran.

The WiFi-enabled node is adhered to only run when paired w/ the art.

The work is up for auction, 10 years after his famous tweet.

50% of the proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle w/ Amyotrophic Lateral Sclerosis.

A limited-edition of 100 signed and numbered prints on aqueous pigment fine art, semi-gloss archival rag are available here.

A heartfelt thank you to the Casa Inc. team for collaborating, to Fran, and of course to Hal for his important contributions in a space that means so much to so many of us. RIP

cryptograffiti

+1    >> r.i.p. Hal = og bitcoin gangsta!!

Why +1
??
Just send him your merit load dumbf***...... ain’t doing shit with it

+1 >> it's from the olden days    weeee

[JayJuanGee]

This is what I use:
via Imgflip Meme Generator

Yeah, cost me $3718.

In fact nearly $20k at one point...

In dollars, it cost you whatever the BTC price was at that time.

If you paid a whole BTC for it, then you could have replaced such BTC soon after spending it.

Likely, if you bought such trezor, and you paid one bitcoin for it, it cost you in the $100 to $200 dollar range.

[JayJuanGee]

...weird Ballerina guy...ignore...rude...

I put up with him for -years- but that one night over the holiday was just beyond the pale.

In other words, you are a pussy, jojo... and also pandering to the newbie troll by finding common cause... 

[HI-TEC99]

I am a drunk with hygiene issues and a degenerate gambler.

My name is Spaceman Spiff, and I too am a degenerate gambler with hygiene issues (only an occasional drunk though).

My name is HI-TEC99 and I am a shitcoin bagholder.

[jojo69]

https://www.youtube.com/watch?v=sl66EtM7sD0

Alessio Rastani predicts a retest of the 200 weekly, feels that bottom is close.

also

[Toxic2040]

I thought I had just seen a report indicating a majority of old wallets were inactive for the most part. Now I am seeing this..  Hows the worm sign out there?

“It’s definitely a big shift. There’s more potential than usual for price swings.”

https://cointelegraph.com/news/long-dormant-bitcoin-whales-resuming-activity-could-rock-price-action-analysts-say

---------------------

D

[criptix]

Im bearish, thinking 3k is much more likely then 4k atm...

Let me be wrong satoshi :x

[HairyMaclairy]

The general purpose public blockchains out there might best be understood as platforms for rule-breaking apps. (For if there are no rules being broken it becomes tempting to ask why a decentralized architecture is the best tool for the job.) If I were an investor I’d be asking any apps (or dApps) on top of these platforms the question “what rules are you breaking?”.

Start reading here:  

https://twitter.com/udiwertheimer/status/1083850679863648261?s=21

[mindrust]

This is what I use:
https://imgflip.com/i/2qxztc

Yeah, cost me $3718.

In fact nearly $20k at one point...

Here is what I use:



Cost me a few satoshis and I've been saving my bitcoins on it since last year. I don't see the point of hardware wallets if you are in bitcoin to hodl them.

To spend them actively i would still use my iphone for the job insead of hw wallets since I would carry my wealth in a paper wallet and my play money on my phone. But most importantly, it is just easier with a phone.

To me money spent on hw wallets is a waste. I would buy more crypto instead.

[kenzawak]

+1    >> r.i.p. Hal = og bitcoin gangsta!!

Why +1
??
Just send him your merit load dumbf***...... ain’t doing shit with it

Thanks but... I don't want this guy's load.