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

[realr0ach]

Metcalfe’s law, first mover advantage, natural monopoly and all that.

Cryptocurrency has no valid Schelling point.  Anyone who claims it does is a moron.  "First mover advantage".  Tell me, how did "first mover advantage" work out for things like the Sega Saturn vs the Sony Playstation in the 32 bit video game console race?  It didn't.  The shit you spam all day is just mindless pump and dump propaganda.

[rdbase]

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all one and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

It is rather annoying.
Just like a little brother or sister always following their older siblings.
They do it so to mimic their actions and see what it is like to be mature and grown up.

Only other coin is litecoin but it is trying to make it on its own. Only if Lee allows it to.

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

Not me.

Full disclosure: I have a (very low) three digits figure of LTC though, which makes it the second crypto in my stash after Bitcoin. Also have some ETC, monero and... only god knows what other kind of random shit here and there.

They have been planning to implement a way in making litecoin transactions more private.
https://www.ccn.com/2-2-billion-and-climbing-how-litecoin-surged-10-overnight-to-become-the-4th-largest-cryptocurrency

And I think Charlie Lee has found a way to do it with the help of the implementation from another algorithm.
https://twitter.com/SatoshiLite/status/1089935081337085952

[Biodom]

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

All crypto is shit except Bitcoin.  This should not come as a surprise to anyone on this board.  Metcalfe’s law, first mover advantage, natural monopoly, schelling point and all that.

Well, sure, I just cannot understand that at a first hint of a positive move, that stuff goes up more, pretty much negating the argument at a first glance.
That's not how coming out of a bear should look like.
A leader or a new leader (when it is appropriate) typically comes out first, sometimes as much as a year early.
I seriously doubt that LTC is a new leader. That would be ridiculous.

[HairyMaclairy]

It hasn’t gone up.  A few hundred bucks above the 200WMA doesn’t count.

[HairyMaclairy]

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

All crypto is shit except Bitcoin.  This should not come as a surprise to anyone on this board.  Metcalfe’s law, first mover advantage, natural monopoly and all that.

All shitcoin = shit and more shittie is that I probably of my +- 15% that I have in shitcoins I do own the most shittie ones, how shitF***ed is that
Gonna get myself totaly wasted on that
And thx for the MCDonald work read, I hate the F***ing shitjob here.....
I’m in year 7 of wasting time as the Guy you wrote about dammit i’m in a shitF***ed position right now SHIT

Goose

Start here.  It’s free.  Teach yourself to program.

https://www.udacity.com/course/intro-to-computer-science--cs101

There is BIG money for people who understand money, crypto and programming

[Biodom]

Might do a preliminary Turbotax run this weekend or next.
Starting to expect something unpleasant:
https://www.vox.com/policy-and-politics/2019/2/6/18214039/irs-tax-refund-withholding-trump

With btc down it would be nice to get a refund, but most report less refund or even underpay...we shall see.

[bitserve]

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

All crypto is shit except Bitcoin.  This should not come as a surprise to anyone on this board.  Metcalfe’s law, first mover advantage, natural monopoly and all that.

All shitcoin = shit and more shittie is that I probably of my +- 15% that I have in shitcoins I do own the most shittie ones, how shitF***ed is that
Gonna get myself totaly wasted on that
And thx for the MCDonald work read, I hate the F***ing shitjob here.....
I’m in year 7 of wasting time as the Guy you wrote about dammit i’m in a shitF***ed position right now SHIT

Goose

Start here.  It’s free.  Teach yourself to program.

https://www.udacity.com/course/intro-to-computer-science--cs101

There is BIG money for people who understand money, crypto and programming

Mic has (way more) the intelligence to learn it easily but he probably doesn't have the right "personality type" to really focus on that task. He is too much of an extrovert guy than a "nerd" even if he has some traits like his outstanding poker skills (which includes some innate math skills).

Which is probably a good thing.

[El duderino_]

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

All crypto is shit except Bitcoin.  This should not come as a surprise to anyone on this board.  Metcalfe’s law, first mover advantage, natural monopoly and all that.

All shitcoin = shit and more shittie is that I probably of my +- 15% that I have in shitcoins I do own the most shittie ones, how shitF***ed is that
Gonna get myself totaly wasted on that
And thx for the MCDonald work read, I hate the F***ing shitjob here.....
I’m in year 7 of wasting time as the Guy you wrote about dammit i’m in a shitF***ed position right now SHIT

Goose

Start here.  It’s free.  Teach yourself to program.

https://www.udacity.com/course/intro-to-computer-science--cs101

There is BIG money for people who understand money, crypto and programming

My friend also wanna reach me to program, but he already helps with everything
Maybe i Will do Some with him, but i’m not the best computer Guy.....
(He has the very highest degree or whatever that possible in science computer programming master or whatever how its all called..... but the real time to learn it, i know i should but man that a massive long way, i must maintain and improve my poker skills first, that actualy where i’m making my scratch, that and @mcdo’s)

But thx for the link
You’re the man HM

Gonna Ask my friend if its usefull and i Will Maybe try to work on Some programming learning stuff

[Dabs]

I think homer should just use that uniform hat.

What is the nomenclature on that Dabs?

It's called a "Pershing Cap" or more generically "Service Cap" ... duckduckgo images shows a bunch.

https://duckduckgo.com/?q=pershing+cap

[realr0ach]

Goose

Start here.  It’s free.  Teach yourself to program.

https://www.udacity.com/course/intro-to-computer-science--cs101

There is BIG money for people who understand money, crypto and programming

The learn to code meme is dumb.  Since almost everything to do with programming can be done remotely, I'm amazed globalization hasn't gutted salaries completely.  I would guess it will keep progressing in that manner until the act of coding is doing lots of work for mediocre pay and looking like a pretty shit industry compared to many others.  This is why you see metric tons of trannies in programming nowadays.  They got tired of trying to pass themselves off as women and failing so all just started programming remotely from their house.

I'm sure more lower salary nations like China, India, Eastern Europe, etc, will continue to massively drive down wages as they hop on the programming bus with the army of trannies already there.  If you don't want to be completely displaced by global labor arbitrage, you kind of have to have some kind of skill that can't be outsourced.

[HairyMaclairy]

There’s more jobs in tech than just dev work.  I don’t do any dev work and am not qualified to do any, but I can talk to devs and understand their challenges and aspirations and that’s really important. We need more people who can act as the bridge between techology and the real world. 

 I think Mic would be awesome in sales.  And not sure where Mic is based but Brussels is a growing tech center.

But you need a certain minimum knowledge base.  Anyone who is prepared to put in 50 hours of their time can do that course (and maybe faster).  

[El duderino_]

Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.

All crypto is shit except Bitcoin.  This should not come as a surprise to anyone on this board.  Metcalfe’s law, first mover advantage, natural monopoly and all that.

All shitcoin = shit and more shittie is that I probably of my +- 15% that I have in shitcoins I do own the most shittie ones, how shitF***ed is that
Gonna get myself totaly wasted on that
And thx for the MCDonald work read, I hate the F***ing shitjob here.....
I’m in year 7 of wasting time as the Guy you wrote about dammit i’m in a shitF***ed position right now SHIT

Goose

Start here.  It’s free.  Teach yourself to program.

https://www.udacity.com/course/intro-to-computer-science--cs101

There is BIG money for people who understand money, crypto and programming

Mic has (way more) the intelligence to learn it easily but he probably doesn't have the right "personality" to really focus on that task. He is too much of an extrovert guy than a "nerd" even if he has some traits like his outstanding poker skills.

Which is probably a good thing.

Thx man, still don’t make me a to smart looking Guy, Maybe i have getting things a little easy last few years, how I got introduced into crypto, how my boy took care of me with every single thing, Made every single thing for me etc
Most of this is of-course in my own hands by NOW ... probably everything (except a few thing we do together and thats running with him ....)

But thx bitserve for those kind Words

Wait till you Guys meet this lunatic @the 100K party
(Don’t Ask me to much question IRL Then) haha lol
And drink Some with me and have Some good laughs

[bitserve]

There’s more jobs in tech than just dev work.  I think Mic would be awesome in sales.  And not sure where Mic is based but Brussels is a growing tech center.

But you need a certain minimum knowledge base.  Anyone who is prepared to put in 50 hours of their time can do that course (and maybe faster).  

Yes. Mic would be a an outstanding sales/representative for a tech startup. Enough tech knowledge and outstanding social skills. Not that I think Mic would need it though... I guess he is fine with how he currently does.

[El duderino_]

I think homer should just use that uniform hat.

What is the nomenclature on that Dabs?

It's called a "Pershing Cap" or more generically "Service Cap" ... duckduckgo images shows a bunch.

https://duckduckgo.com/?q=pershing+cap

Hey man it suits you very well
Welcome HAT carrier

Good gonna save my strenght and dive into my HODLcrib next to me HODLchick
And looking forward to catch Some good wel earned BOOZE tomorrow
Good night WO’s and enjoy the sparkling green for NOW its here

Edit: btw I think I can handle sales very well 1K burgers only today NOW what about that
Still for tech bitserve.... I think I can really learn from almost every regular poster of the WO thread
But I Will do my best always
.............

And F*** even my girl can do Some programming

[HairyMaclairy]

Yes. Mic would be a an outstanding sales/representative for a tech startup. Enough tech knowledge and outstanding social skills. Not that I think Mic would need it though... I guess he is fine with how he currently does.

That’s exactly the sort of thing Mic should do.  Go to tech meet ups.  Find a small start up and take a small equity position (like 1%) and help them with sales. He can do it part time, 5 hours a week.

Use that experience on your resume to jump to a more established start up in six months time.  Maybe even get paid a wage at that point.  Keep building your experience and jumping up the ladder.  

Enthusiasm and hard work is 99% of the game at that point.

[realr0ach]

Regardless, the whole "learn to code" thing could probably be considered a decent investment in the 80's, 90's, and early 2000's, but now with full blown global labor arbitrage everywhere, it doesn't seem like that great of a position when you have to compete with people who will work for 1/4th to 1/10th of what you will.  The effectiveness of tariffs to stop the work from being outsourced is much lower than other fields too.  

Have you looked at the video game industry and whole 'app store' bullshit lately?  It's an obvious huge bubble as well.  90% of these game devs are going to be getting the axe or going bankrupt and it will be far more brutal than the old Atari era industry crashes.  We are currently at the trough of the commodity super cycle (no, bitcoin is not a real commodity), so people invested in real world goods and industry should be making a killing soon while 'intellectual capital' will probably be taking a major hit.

Of course when I say "industry", I don't mean index stocks where the PE ratio is completely laughable like Amazon and everything else.  I mean the rise of commodity prices in general and people who benefit from that like miners and others.

[bitserve]

Yes. Mic would be a an outstanding sales/representative for a tech startup. Enough tech knowledge and outstanding social skills. Not that I think Mic would need it though... I guess he is fine with how he currently does.

That’s exactly the sort of thing Mic should do.  Go to tech meet ups.  Find a small start up and take a small equity position (like 1%) and help them with sales. He can do it part time, 5 hours a week.

Use that experience on your resume to jump to a more established start up in six months time.  Maybe even get paid a wage at that point.  Keep building your experience and jumping up the ladder.  

Enthusiasm and hard work is 99% of the game at that point.

Except I don't think he needs it. But yes, he could do it for sure.

I see him more like creating his own blockchain hedge fund or enterprise in the future or something like that....

[HairyMaclairy]

Roach I’m not telling him to be a coder.  

I’m telling him to get a basic level of skill so he can work in the tech industry.

I have to hire people with tech skills and wages are through the roof right now because the particular skill set is so damn rare you have to grow your own, and then your competitors steal them.  

Autists with tech skills are easy to find.  People skills people who can’t do tech are easy to find.   People skills people with tech skills are extremely valuable.

[realr0ach]

I see him more like creating his own blockchain hedge fund in the future or something like that....

He's already all-in on imaginary, valueless shitcoins.  Not the greatest idea to both train for a job in that while being all-in invested at the same time.  Then when the shitcoin industry implodes, you suddenly have zero money in your wallet and your skills are now also worth zero.  Have to diversify somewhere.

[HairyMaclairy]

Except I don't think he needs it. But yes, he could do it for sure.

I see him more like creating his own blockchain hedge fund or enterprise in the future or something like that....

Sure. But we all gotta start somewhere.