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

[JayJuanGee]

[edited out]

Joke or not, it was topic to debate because I know a good amount of peoples in my crypto circle who got in during the bull run and ended up buying ATH. And ironically I know minimum 5-6 guys personally as well who didn't take profits during the bull run at all and banging their head against the wall since last year. Stupid thing IMHO but shit happens.
[/quote]

Even someone who first learns about BTC when it is approaching it's ATH should understand the context.. whether they started to get in at $10k (when BTC had already done nearly 5x in 3months or 40x in 2 years) or closer to the nearly $20k top (when BTC had already done nearly 10x in 3months or 80x in 2 years).   In some sense, I have more sympathy for the new person who would have been buying on the way up between $10k and $20k because the then price direction of the market is causing you to do the opposite of what you should be doing.   On the other hand, I can relate more to the new person who starts to buy at nearly $20k because that was where I started in late 2013, when I started to buy at $1,200, and the price dropped for more than a year and stayed flat for another year thereafter.

I usually respect almost all trolls in this forum because they dedicate their all energy at only one cause (right or wrong depends on our perspective). This kind of dedication deserves some respect IMHO. some exceptions are always there, according to time or topic.

I would not devolve my opinion into "respecting" trolls because it can be a bit difficult to understand whether a disinformation passion is motivating them or if they are just being paid to appear as if they were a real person. 

I am not going to assume that they are a real person, even if sometimes there are pretty strong signs that they could be. 

I do understand  a decent number of them to be a kind of necessary evil that cannot really be snuffed out, and likely we would not want to completely snuff them out either because of some aspects of human freedom (speech) sensibilities and from time to time, they do allow for airing of a variety of talking points including trying to understand and assess various BTC attack vectors... which is a kind of contribution in and of itself.  .. .and sometimes there is a bit of humor in what trolls say, too.   

[El duderino_]

The ignorant critics will come up with any possible analogy to attack Bitcoin.

Let me remind you

Bitcoin is not:
- Myspace of crypto/blockchain
- Tulip mania
- Pyramid
- “Too expensive”
- “For criminals”
- Environmental disaster
- Scaling disaster
- Gambling

https://twitter.com/misir_mahmudov/status/1105560082186670081?s=21

INDEED till they run out of FUD, don’t forget all the China, korean, indian, PBOC fud etc



A longtime Bitcoin skeptic and historian of money, Niall Ferguson, admits he was wrong.

People were skeptical when paper money replaced gold and then again when plastic cards replaced that same paper.

Today's skeptics, tomorrows hodlers.

https://twitter.com/alecziupsnys/status/1105567229809184776?s=21

Be a HODLER NOW

To admit one is wrong..... is a great thing, many Will follow this one man

[JayJuanGee]

Just bought another £250 worth of BTC. Feasting on these cheap coins is too easy, I just can’t satisfy my hunger to keep eating them nom nom nom !!!!!

If you keep this up, in a few years you are going to deplete the totality of the available BTC supply and cause the BTC price to go up to $50k or more.  Causing BTC to become way more expensive for the rest of us.  Thanks a lot, LFC.   

[El duderino_]

OH: "When my 16yo son tells his peers that his dad is a Bitcoin trader, there are two reactions:
90% — Weirdo, why?  What a loser.
10% — Oh wow, can I meet him?"

https://twitter.com/tuurdemeester/status/1105534245206925312?s=21

Haha LMAO


Damn time to have breakfast take my bag and be on the run

Goodmorning WO’s have a pleasant HODL/BUYing BTC’s day

[El duderino_]

Just bought another £250 worth of BTC. Feasting on these cheap coins is too easy, I just can’t satisfy my hunger to keep eating them nom nom nom !!!!!

If you keep this up, in a few years you are going to deplete the totality of the available BTC supply and cause the BTC price to go up to $50k or more.  Causing BTC to become way more expensive for the rest of us.  Thanks a lot, LFC.   

Keep on going LFC make them expensive for the “now” NO-coiners

Do not let them in on the cheap side of the CORN

Keep on doing your DAMN thing bro

[El duderino_]

via Imgflip Meme Generator

Btw saw this message in the philippines

Love the hidden messages of life

[Last of the V8s]

https://twitter.com/klara_sjo/status/1105602877337276423
How Hotdogs are made. With possibly the best sound effects ever.

[Biodom]

Flee. Simple as that.

Where?
Not going to Mars.

[JayJuanGee]

[edited out]

Everyone certainly decides for themselves the percentage of their BTC and other wealth in their possession. The psychological phase of maintenance is different for each person (HODLer), but I think there is an average value and at the moment it is about $2500-$3000. That doesn't mean that if BTC costs $1 or $100 tomorrow, no one will buy it. This means that none of the HODLers will sell their BTC for $2500-$3000 and store them further.

I find your placement of a current BTC value (at $2,500-$3,000) to be somewhat random seeming and quite presumptuous, but perhaps such value placement behavior is no more egregious than some the charts that attempt to show where the BTC price is going based on current value projections.

I don't think any of the HODLers will live on the street or (God forbid) starve instead of selling 0.002% of their BTC, or tolerate something like that.  

You are taking my example to an extreme.

All I was suggesting is that there are various stages in which BTC HODLers should be attempting to plan their finances and to attempt to figure out what kind of stage they are in and to coordinate their behaviors, as much as they can, to what stage they are in.  Of course, you are going to see the world much differently if you are in your teens or twenties, and have never really been able to accumulate much capital, so in those kinds of circumstances, it may take you quite a bit of BTC accumulation before you are able to feel that you are benefitting in concrete ways from the price going up.

I tried to suggest some level of precision in how much BTC would be adequate, and that is if you feel that you can live reasonably well off of cashing out 4% of your BTC every year as a passive income.  Some of us could already be close to that stage, so your earlier statement about never selling BTC, just seems unrealistic and perhaps only seeing the matter from someone who his having trouble seeing the end of the line of the accumulation phase (nothing wrong with that, each of us are in different stages and in even different proportionality within that stage because (hopefully) of our own customization of our plans and BTC accumulation to ourselves).

And even if the price of BTC doesn't grow exponentially (which is very doubtful for me), BTC will still remain a reliable tool for saving!

I cannot disagree with you on that point; however, let me reiterate one more time.  Let's say that your personal goal was to have BTC to occupy about 10% to 25% of your various personal investments, yet between 2015 and 2017, BTC prices went up so much that your BTC holdings began to approach more than 95% of your wealth, and even with the price drop, BTC value remains in a kind of 50% arena, which is way more than you had wanted to allocate to bitcoin.  If the BTC price goes up again, then you might feel some desire to sell some of it off, even if it is a good investment overall.. and even if it does not go up a lot, with the passage of time, you still might feel as if it does not hurt to shave some of your profits from your BTC, here and there... just so you can have various comforts in your life (before you die or become disabled). 

[JayJuanGee]

See how much profit you could make if you invested $100 in the BTC immediately after the coin appeared on the exchange and did not lose it later on.

I cannot go back in time to do that.   

[El duderino_]

via Imgflip Meme Generator

[Dabs]

In the year 2011, where does one buy bitcoin? You had to trade it OTC or maybe even the one who bought the pizza.

[Last of the V8s]

https://globalnews.ca/news/5047918/calgary-police-nationwide-bitcoin-fraud/

Police believe suspects committed “double-spend” attacks, in which a person withdraws money from a bitcoin kiosk and then remotely cancels the transaction before the kiosk company can process the withdrawal.

Police say the 112 fraudulent transactions resulted in a loss of $195,000.

ugh 0-conf bad mkay

[Olegya199]

See how much profit you could make if you invested $100 in the BTC immediately after the coin appeared on the exchange and did not lose it later on.

I cannot go back in time to do that.  

No one can, unfortunately.  Although if we could, it would change the world a lot, the butterfly effect would come into play.

[Icygreen]

So, predictions. If I am correct that all the social ills and psychological and behavioral problems of our time is primarily caused by overpopulation and life being too easy for generations at a time, then there are only a very small number of possible future outcomes.

The first one that a lot of people will probably jump to is that we simply wait for the boomers to die and then everything will be fine after that. Not going to happen. Things always change, and always towards the left over time.

Other than that, the only option is a violent reduction in numbers. War, pestilence or famine. Given the current understanding of the amygdala, war is most likely to come in the form of a soviet-style collapse. The states will continue to become ever more tyrannical until we have an economic collapse, which will result in lowered food production and a lot of dead people.

So if soviet conditions are the most likely near-future outcome, what to do about it?

Flee. Simple as that. If you stay, odds are you will be locked up or have all your property stolen or simply end up shot. Let the disease burn itself out, and when the rebuilding begins in 10-30 years it might be time to come back if you feel like it by then. But staying through it is simply too dangerous and there is no reward.


On a side note, I have gained a new appreciation for the importance and role of religion during these studies. Maybe a topic for another time.

While I might agree that reduction of populations could be one solution, I'm not convinced it needs to be war, famine and disease that does it. What if the other option included wealth and education redistribution which ultimately resulted in the same. (John Calhoun's rat experiment) A voluntary or subconscious participation in depopulation could leave our hard fought infrastructure intact where war likely would not.
The constant threat of war plays an important role in our eventual decision to choose another option but failing this, war is ready.
I choose plan BTC

[El duderino_]

via Imgflip Meme Generator

Travelling price wise

Local and cheap

Actualy that is what i like ...... (yesterday been to the chocolat Hills but still i prefer my own Hills)

Starting to dislike 3850-3860

But better Then the last bottom price

[jojo69]

most distractiiing

[El duderino_]

most distractiiing

i’m a most distractive mot***F***er

[nanobtc]

Mic, I think jojo69 was talking about the passenger, not the boat.

[El duderino_]

Mic, I think jojo69 was talking about the passenger, not the boat.

Mmmmm could be

She distracts me as well from time to time