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

[Biodom]

How come so many poor people here?

drugs

Long@20k?

Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

Sometimes "poor" is a subjective, rather than objective status.
A guy losing 450 mil out of 500 mill might feel "poor", but he is not, objectively.
There was a dialogue about it in "Billions" where Ax talks to a hedge fund manager who is left with "just" 200 mil.
The opposite could be true too. Did everyone felt "rich" when we were about to climb over 20K?
I felt mostly bewildered.

hats snipped

Boring afternoon, solution:
Sort the hats.
I will save and update the record now that it is created.

well, you are missing my hat for some reason.

[Searing]

yeah...I got a really bad feeling about the coming weeks

Pussy.

I'm doing an extra morning set of 10 reps with my titanium plates. I feel no pain. The only way is up.

True...just saying.....not a big fan of the tether scam...it could get ugly...and on the above I said "coming weeks"

[JayJuanGee]

How come so many poor people here?

drugs

Long@20k?

Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

It takes money to make money. Also if they were over extended during the fall and had to take a loss to survive then well that is pretty easy to figure out.

FOMO kills

Hey... I won't dispute that you can become rich by already being rich - however, I have always been a long term opponent of gambling when it comes to bitcoin - especially, since with a bit of study into the bitcoin matter, there is already decently convincing evidence that bitcoin maintains a ongoing great upside potential.. so with a bit of patience, anyone has good chances of improving his/her/its conditions by exercising reasonably prudent ongoing buying and accumulating strategies... especially a dollar cost averaging approach. 

Of course, there is some difference in any position for someone coming into bitcoin in 2013 versus coming into bitcoin in 2017, and the 2013 folks have had 4 additional years to attempt to play to their advantage.

In other words, even though FOMO exists, it affects BTC price, some folks will advantage and others will be hurt by such FOMO dynamics, I continue to NOT have a lot of sympathy for folks who are not able to figure out a reasonable BTC buy/accumulation strategy in order to address their FOMO issues and to learn to consider bitcoin more as a long term investment rather than a short term gamble. 

Of course, there are exceptions of folks who really know how to play short term scenarios, but the vast majority of peeps are likely to have way success if they take a longer term perspective with bitcoin and to even consider at least a 5 year time-horizon, if that is within reason for them in terms of life expectancy, health and time/meat-wagon factors like that.

[andreibi]

Am I the only one fine with this Tether scam/fud/whatever? Maybe two years ago, any bad development with Tether might affect the whole Bitcoin market. But there are other stablecoins now. Traders can just diversify or move to another stablecoin.

It's like when Poloniex support can't handle the customer volume and rumors of an exit scam are popping up. Many fled Poloniex, it affected the markets temporarily but Binance showed up and became the dominant exchange.

People will just move on. Markets will not be affected permanently.

[Hueristic]

How come so many poor people here?

drugs

Long@20k?

Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

It takes money to make money. Also if they were over extended during the fall and had to take a loss to survive then well that is pretty easy to figure out.

FOMO kills

Hey... I won't dispute that you can become rich by already being rich - however, I have always been a long term opponent of gambling when it comes to bitcoin - especially, since with a bit of study into the bitcoin matter, there is already decently convincing evidence that bitcoin maintains a ongoing great upside potential.. so with a bit of patience, anyone has good chances of improving his/her/its conditions by exercising reasonably prudent ongoing buying and accumulating strategies... especially a dollar cost averaging approach.  

Of course, there is some difference in any position for someone coming into bitcoin in 2013 versus coming into bitcoin in 2017, and the 2013 folks have had 4 additional years to attempt to play to their advantage.

In other words, even though FOMO exists, it affects BTC price, some folks will advantage and others will be hurt by such FOMO dynamics, I continue to NOT have a lot of sympathy for folks who are not able to figure out a reasonable BTC buy/accumulation strategy in order to address their FOMO issues and to learn to consider bitcoin more as a long term investment rather than a short term gamble.  

Of course, there are exceptions of folks who really know how to play short term scenarios, but the vast majority of peeps are likely to have way success if they take a longer term perspective with bitcoin and to even consider at least a 5 year time-horizon, if that is within reason for them in terms of life expectancy, health and time/meat-wagon factors like that.

Well lets take this thread as an example of a contrarian view, If someone new had come to the scene at the top then they would have been cost averaging the whole way down and would still be in the red.

This thread is a Pump and dump on the naysayers environment.

I personally don't care as I don't listen to shit you guys say but there are hoards of morons who do.

Am I the only one fine with this Tether scam/fud/whatever? Maybe two years ago, any bad development with Tether might affect the whole Bitcoin market. But there are other stablecoins now. Traders can just diversify or move to another stablecoin.

It's like when Poloniex support can't handle the customer volume and rumors of an exit scam are popping up. Many fled Poloniex, it affected the markets temporarily but Binance showed up and became the dominant exchange.

People will just move on. Markets will not be affected permanently.

Nah, there are tons of threads warning about it.

I and many others been posting warnings for many years.

If they are on this site and haven't seen a warning then they are blind or don't know what the word diligence means, so tough shit on them.

[JayJuanGee]

yeah...I got a really bad feeling about the coming weeks

Pussy.

I'm doing an extra morning set of 10 reps with my titanium plates. I feel no pain. The only way is up.

True...just saying.....not a big fan of the tether scam...it could get ugly...and on the above I said "coming weeks"

Wow!!!!!



jojo and Searing are dee same peep.

[JayJuanGee]

Am I the only one fine with this Tether scam/fud/whatever? Maybe two years ago, any bad development with Tether might affect the whole Bitcoin market. But there are other stablecoins now. Traders can just diversify or move to another stablecoin.

It's like when Poloniex support can't handle the customer volume and rumors of an exit scam are popping up. Many fled Poloniex, it affected the markets temporarily but Binance showed up and became the dominant exchange.

People will just move on. Markets will not be affected permanently.

Even though there seem to be a decent amount of posters in this thread that are buying into the evergreen Tether FUD, you are not the only one who recognizes the vast majority of the situation as FUD... whether you describe it as bitcoin does not give a fuck or an attack on tether and bitfinex.  Of course, if the US Gov (and perhaps associated traditional financial institutions), could shut down Tether and bitfiinex and at the same time, make a decent denigration effect on bitcoin, then they are going to pump that bullshit for as much as they can and for as long as they can get away with it.

[Toxic2040]

yeah...I got a really bad feeling about the coming weeks

Pussy.

I'm doing an extra morning set of 10 reps with my titanium plates. I feel no pain. The only way is up.

True...just saying.....not a big fan of the tether scam...it could get ugly...and on the above I said "coming weeks"

Wow!!!!!



jojo and Searing are dee same peep.

----
good morning folks

consolidating in a tight range this morning as rumors and fud slowly fade into a distant itch of a memory  
trading in this range seems likely to continue until next week as bears try and go one way and bulls another   #dyor
1h



v


#stronghands'19

[vapourminer]

How come so many poor people here?

drugs

Long@20k?

Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

actually my reply was a feeble attempt at humor. seeing as many of us like the many various flavors of chemicals and their effect of the brain.

anyway for me i consider myself neither rich nor poor. however since i started in 2011 i certainly could of done much better. and much worse of course.

i will say if i had just hodled everything i would of done better than some of the various diversions into mining, trading and such. basically some diversions worked, some did not.

but overall? man bitcoin has treated me very very well indeed, so no complaints even if it all crashes to zero in the next moment. worth the ride for sure.

[Hueristic]

How come so many poor people here?

drugs

Long@20k?

Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

actually my reply was a feeble attempt at humor. seeing as many of us like the many various flavors of chemicals and their effect of the brain.

anyway for me i consider myself neither rich nor poor. however since i started in 2011 i certainly could of done much better. and much worse of course.

i will say if i had just hodled everything i would of done better than some of the various diversions into mining, trading and such. basically some diversions worked, some did not.

but overall? man bitcoin has treated me very very well indeed, so no complaints even if it all crashes to zero in the next moment. worth the ride for sure.

Not feeble at all, I picked up on it and added to it but thats where the humor ended..

And then



And JJG wanted to actually have this discussion.

[AlcoHoDL]

Boring afternoon, solution:
Sort the hats.
I will save and update the record now that it is created.

Out of merits, but +1 from me, nice display of the finest hats in cryptospace!

[VB1001]

^
Tnx, I will work a little more on this, I will include username and registration date.


My point of view is that if Tether and Bfx do not end in a drama..., we'll go up to $ 6000, go down 1,000 or 1,500 and then start climbing to finish the year at $10,000, in my opinion.

[vapourminer]

How come so many poor people here?

drugs

Long@20k?

[...]  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

actually my reply was a feeble attempt at humor. seeing as many of us like the many various flavors of chemicals and their effect of the brain.
[...]

Not feeble at all, I picked up on it and added to it but thats where the humor ended..

And then [...]

And JJG wanted to actually have this discussion.

yeah i loved that "long at 20k" reply.  i can easily imagine some coked/methed/whatever upped person going millions into debt in about 15 seconds.

[Hueristic]

^
Tnx, I will work a little more on this, I will include username and registration date.


My point of view is that if Tether and Bfx do not end in a drama..., we'll go up to $ 6000, go down 1,000 or 1,500 and then start climbing to finish the year at $10,000, in my opinion.

We will never see $3200 again.

How come so many poor people here?

drugs

Long@20k?

[...]  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

actually my reply was a feeble attempt at humor. seeing as many of us like the many various flavors of chemicals and their effect of the brain.
[...]

Not feeble at all, I picked up on it and added to it but thats where the humor ended..

And then [...]

And JJG wanted to actually have this discussion.

yeah i loved that "long at 20k" reply.  i can easily imagine some coked/methed/whatever upped person going millions into dept in about 15 seconds.

Glad it made someone smile.

[nanobtc]

I have another, unseen, unworn hat, V1.0 from xhomerx.  I'm saving it for moon. It even still smells new.

[fillippone]

Boring afternoon, solution:
Sort the hats.
I will save and update the record now that it is created.

I am dumb.
Which sorting criteria did you use?
Not alphabetical, not cronologica...
Is that a beauty contest?
Merits of the hatter?

[rebal15]

https://twitter.com/nathanielpopper/status/1121868559330598912

I find the timing suspicious. I wouldnt be surprised if TDAmeritrade influenced TPTB to go after Bitfinex to help free up some new customers for their big launch. Long term it will be great to get rid of Bitfinex, but short term, lets be real, this is gonna suck for price for the next few weeks or month.

People say that govs are not friendly with bitcoin and crypto. if govs want to destroy BTC, what they do? They attack big actors.

[VB1001]

On a 24-inch screen it looks like this, there are 11 hats per row.

Simply spectacular.

I will need help, the file is in Excel format.

When I have finished, I want to share it with all the WO,s so they can update it or modify it to their liking.

The problem is OPSEC...

How could it be done without compromising anyone?

[VB1001]

Boring afternoon, solution:
Sort the hats.
I will save and update the record now that it is created.

I am dumb.
Which sorting criteria did you use?
Not alphabetical, not cronologica...
Is that a beauty contest?
Merits of the hatter?

There is no chronological order,t here is no classification of any kind, only hats, simply all the WO,s with hat in an organized image (archive).
We like the hat.
If we solve how to upload it, each user can classify it to his liking.

What do you mean by merit?

[Toxic2040]

How come so many poor people here?

drugs

Long@20k?

Long at $20k is a dumb explanation.

No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC.

In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months.

Edit:  By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make.  I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."

Sometimes "poor" is a subjective, rather than objective status.
A guy losing 450 mil out of 500 mill might feel "poor", but he is not, objectively.
There was a dialogue about it in "Billions" where Ax talks to a hedge fund manager who is left with "just" 200 mil.
The opposite could be true too. Did everyone felt "rich" when we were about to climb over 20K?
I felt mostly bewildered.

hats snipped

Boring afternoon, solution:
Sort the hats.
I will save and update the record now that it is created.

well, you are missing my hat for some reason.

Am I the only one fine with this Tether scam/fud/whatever? Maybe two years ago, any bad development with Tether might affect the whole Bitcoin market. But there are other stablecoins now. Traders can just diversify or move to another stablecoin.

It's like when Poloniex support can't handle the customer volume and rumors of an exit scam are popping up. Many fled Poloniex, it affected the markets temporarily but Binance showed up and became the dominant exchange.

People will just move on. Markets will not be affected permanently.

Fine is a broad term. Markets will continue to evolve to meet demand.