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

[jojo69]

For fuck sake JJG

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[1713998893]

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[1713998893]

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[realr0ach]

Many people think (including me) he was an alien came from a far away galaxy, taught us to use cryptography as a currency and when he was done with his job he teleported back to his planet.

Bitcoin is a 'linked list' from 1950's computer science with a get rich quick Ponzi scheme built on top of it.  It is not revolutionary.  It doesn't even solve Byzantine generals because you can have 10 pools all owned by the same guy. In other words, Byzantine generals is nothing more than a Sybil attack at it's core that's not even possible to solve because you never know how many actors there are.  

Andrew Miller tried to kinda weasel out of this argument with me claiming the number of actors was assumed to be known.  Yes...keyword...assume.  Not only are transaction validators designed to centralize, you're required to put forth blind faith that they're not sybiled either for the ones remaining.  In that manner it fails both theoretically on paper and mechanically in practice trust & decentralization-wise.

[VB1001]

In life, always avoid being in the majority like the plague.

https://twitter.com/MustStopMurad/status/1122188132613541896

* L/S = Longs/Shorts

[BTCMILLIONAIRE]

For fuck sake JJG

.

Actually might be the only person in this thread I'd put on ignore at this rate.

Not only does he repeatedly make up what he thinks others are saying falsely and refuses to accept it when people tell him that he misunderstood what they were saying, but now he also uses words while imbuing them with completely arbitrary meaning that has no common ground with the English language other than appearance.

Everything about bitcoin is natural. Scarcity too. Bitcoin was created by a holy creature who came from the outer space. His nickname was satoshi but in reality nobody knows his real name or how he looks like. (His real public name is probably something like this: 1SaThaHs2h7jsk... and his last name is his privates )

Many people think (including me) he was an alien came from a far away galaxy, taught us to use cryptography as a currency and when he was done with his job he teleported back to his planet. He left us with enough information to solve the rest of the problems.

TlDr?

Bitcoin is %100 natural.

Humans are natural, as such anything artificial is natural as well. All artificial things are natural, but not all natural things are artificial.

[Dogboy714]

In life, always avoid being in the majority like the plague.

https://twitter.com/MustStopMurad/status/1122188132613541896

* L/S = Longs/Shorts

You might want to look at some of his other charts on Trading View - just sayin' - he's running at 0% accuracy so far but I'm sure he could get lucky one time?

[realr0ach]

If anyone wants to read the new Jussie Smollet synagogue hoax attack manifesto:

https://dailystormer.name/full-open-letter-from-passover-synagogue-shooter-john-earnest/

Like...seriously?  Two rampage shooters "manifestos" citing Pewdiepie as their inspiration back to back?  They're both going to throw their lives away to attack targets of zero tactical value while citing...Pewdiepie?  Yea, no. Totally fake false flag.  Both so called "manifestos" even go completely out of their way to claim they aren't false flags because everyone would immediately spot they are.  The first attack was stupidly obvious with things like a pile of 10 bodies just laying there with zero blood whatsoever resembling the Syrian Assad "gas attack" false flags they did.

[Paashaas]

Bitcoin trading volume in Thailand soars after seasteading fiasco.



https://bitcoinist.com/thailand-bitcoin-volume-soars-250-after-seasteading-fiasco/

[Last of the V8s]

https://www.tokenanalyst.io/ useful toy



such bank, very run. meh

[John Abraham]

snip

I am feeling like wearing a hat lately. Where do I apply/sign?

The manufacturer is > xhomerx10 and its promoter is > micgoossens  

xhomerx10 HATS:
Circulating Supply> 128
Max Supply> ?

I need one as well.

https://www.tokenanalyst.io/ useful toy



such bank, very run. meh

Indeed, one of the coolest toy. I have been looking for something like this one since last year.

Bitcoin trading volume in Thailand soars after seasteading fiasco.



https://bitcoinist.com/thailand-bitcoin-volume-soars-250-after-seasteading-fiasco/

Is there any tool to track daily volume by different countries?

[Last of the V8s]

^weekly only afair https://coin.dance/volume/localbitcoins note that site is not entirely trustworthy politically, but the trading data etc seems ok
Glad you like it and happy to be of service. What else do you need? You a trader or hodler or ...?
You'll need a few months of good quality posts to get a hat.
edit: best resource for all https://twitter.com/lopp/status/932350908461133825

[John Abraham]

^weekly only afair https://coin.dance/volume/localbitcoins note that site is not entirely trustworthy politically, but the trading data etc seems ok
Glad you like it and happy to be of service. What else do you need? You a trader or hodler or ...?
You'll need a few months of good quality posts to get a hat.
edit: best resource for all https://twitter.com/lopp/status/932350908461133825

I'm newbie in this forum. I have been introduced with bitcoin since 2017, did some research later, bought my ever first bitcoin on 26th of instant.
I have planned to hold at least 2 more years if it don't fall below $3k. If it happens, I will probably sell and wait for more  dip  
Thank you for the links. It's really useful.

[Last of the V8s]

Ok well we'll see about that
in the meantime, the most important thing - you may know this - is not to keep all your coins on the exchange, even if it calls itself a 'wallet'

[John Abraham]

Thank you for the suggestion. I'm using Electrum for a while. I will observe for some more months and decide if I will invest more for long term, if so, I will use cold wallet. Thank you for being generous and help a newbie.

[mindrust]

^weekly only afair https://coin.dance/volume/localbitcoins note that site is not entirely trustworthy politically, but the trading data etc seems ok
Glad you like it and happy to be of service. What else do you need? You a trader or hodler or ...?
You'll need a few months of good quality posts to get a hat.
edit: best resource for all https://twitter.com/lopp/status/932350908461133825

I'm newbie in this forum. I have been introduced with bitcoin since 2017, did some research later, bought my ever first bitcoin on 26th of instant.
I have planned to hold at least 2 more years if it don't fall below $3k. If it happens, I will probably sell and wait for more  dip  
Thank you for the links. It's really useful.

Are you saying you would dump your bitcoins if it falls below $3k? Like down %85+ from the last ATH? It seems like you still have a lot to learn.

At that point (below $3k) it makes zero sense to dump. Zero. It is not worth to take the risk of being trapped on the FIAT side just to make peanuts. Let's say it went below $3k and and you successfully sold from $2.9k, at what price point would you want to get back in?

$2.5k? $2k? What if it falls below $1k after you get in from $2k? And most importantly, how would you feel if it shoots up to $50k after you sell from $2.9k?

See? This game has no limits.

What you need is DCA'ing. I am watching this shit since 2013 and that's my final decision on the subject. Doing all-in and all-outs worked for many people and did not for many. DCA however, works for everybody since 2009. We'll have another ATH and it'll work for the $20k buyers too.

One more thing, I believe Elwar said something related to this back in the day:

"If you are going to dump your coins for FIAT, make it count."

[alevlaslo]

https://bitcointalk.org/index.php?topic=5136987.msg50805456#msg50805456

[DaRude]

there is no difference between natural and coded scarcity

No difference in real world scarcity and artificial scarcity?  Okay, by your own statement there's no difference between bitcoin and any altcoin - both are "coded scarcity" - so supply is then infinite because there's no overhead to create them and thus no Schelling point.

This is the stupid world of shitcoiners where they just make up random nonsense to try to rationalize using shitcoins over metals.  Then every piece of propaganda they create to try and rationalize the use of digital shitcoins only rationalizes the use of fiat and an infinite number of altcoins too.  So they then backtrack and try to apply nonsensical double standards to attempt to not promote altcoins or fiats with their horrid, illogical arguments.

C'mon you're not even trying anymore, is that all that nazi glue huffing? Shitcoins make BTC infinite just as much as iron, aluminium and all of other metals make gold infinite. Put down mein kampf and try to come up with coherent replies.

[Gyrsur]

your friendly safety advisor. 

^^ Welcome to the club and congrats!

For your own safety please follow the rules below:

Rule #1 - create a second account with a nickname (not your real name) and use this account in the future. delete all your posts with the first acount and don't use it anymore (and use Tor if possible).

Rule #2 - don't tell anybody about your investment in Bitcoin.

Rule #3 - forget your investment for at least 5 years and please don't touch it to sell it in panic. just #HODL.

if you follow these Bitcoin basic rules you will stay safe.

EDIT: did some corrections but the post got quoted in the meantime.

[VB1001]

Question is because I saw the Elwar-Nadia HAT.....?

Excuse, Mic, I thought it was a new Hat.

(I also have all the old hats saved.)

I am preparing an image with more resolution, if the size ratio is good I will upload it.

[John Abraham]

^weekly only afair https://coin.dance/volume/localbitcoins note that site is not entirely trustworthy politically, but the trading data etc seems ok
Glad you like it and happy to be of service. What else do you need? You a trader or hodler or ...?
You'll need a few months of good quality posts to get a hat.
edit: best resource for all https://twitter.com/lopp/status/932350908461133825

I'm newbie in this forum. I have been introduced with bitcoin since 2017, did some research later, bought my ever first bitcoin on 26th of instant.
I have planned to hold at least 2 more years if it don't fall below $3k. If it happens, I will probably sell and wait for more  dip  
Thank you for the links. It's really useful.

Are you saying you would dump your bitcoins if it falls below $3k? Like down %85+ from the last ATH? It seems like you still have a lot to learn.

At that point (below $3k) it makes zero sense to dump. Zero. It is not worth to take the risk of being trapped on the FIAT side just to make peanuts. Let's say it went below $3k and and you successfully sold from $2.9k, at what price point would you want to get back in?

$2.5k? $2k? What if it falls below $1k after you get in from $2k? And most importantly, how would you feel if it shoots up to $50k after you sell from $2.9k?

See? This game has no limits.

What you need is DCA'ing. I am watching this shit since 2013 and that's my final decision on the subject. Doing all-in and all-outs worked for many people and did not for many. DCA however, works for everybody since 2009. We'll have another ATH and it'll work for the $20k buyers too.

One more thing, I believe Elwar said something related to this back in the day:

"If you are going to dump your coins for FIAT, make it count."

I admit that I have a lot to learn, hence, I'm here.
DCA, I never heard of this term until now, refers-

The Dollar Cost Averaging (DCA) trading strategy is where we actually divide our purchase amount equally into small portions, each portion will be bought at consistent intervals. These intervals can be once a week, once a day or once a quarter. There is a clear psychological advantage of buying using this method because we will be less worried about our buying price. DCA is aimed at long-term investment, and it is highly recommended for peace of mind investing in volatile assets such as Bitcoin. Another advantage of this method is that it is very suitable for payment investment, such as portion of our salary. It doesn’t require a large amount of money to invest, which is not available to everyone.

Source- https://cryptopotato.com/time-buy-bitcoin-meet-dca/
I'm still confused what to do with my bitcoin investment, not much strategy is selected. I have to think twice, will I hold till 2021 or more. As I stated before, I will observe some more and later I will decide. I'm not someone who instantly jump into anything and it has given me huge opportunity. Like a lot of newbies, I was also introduced with bitcoin in 2017 and took it seriously at 2018. It was at the time of ATH, I observed, waited, later decided couple of days ago to invest in bitcoin. If I did back in 2018, I would probably be bankrupt.

Anyway, thank you for the nice words/suggestions and of course, for the new term DCA. I'm happy that I have learned something from here. Looking forward to having more knowledges.

To Gyrsur-
I'm not sure if I'm in the same club you referred. I'm not sure if I will hold for the next 5 years, I wish I could be in your club too.

[mindrust]

If I did back in 2018, I would probably be bankrupt.

That's why I am advising you to do DCA'ing. Never get in with all at once. Just divert a bit of your monthly income at Bitcoins that's it. It'll add up in no time.

This is how I acquired my stash: (got a bit  of too much FOMO lately )



Coulda gone all in in 2016 and cashed out everything in Dec 2017 and lived like kings now but that only happens in hindsight. In reality, being all in in some asset has serious psychological effects on you. You'll want to dump as soon as you see the green on your portfolio.

Now I See it again, it took nearly a year for me to get my first (and another year for the second ) whole coin. And only a few days to get my fifth. Wew.