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

[El duderino_]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

The only way out of crypto is to get scammed.

It's like how in a gang, you have to get beat in, and beat out.

Or to lose the private keys by being a total F*** up

Or to sell @ to damn low prices and live on a bitter life like r0ach does....

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[El duderino_]

LFC, if we could just turn back time to that 150$ price .....

$3200 was new $150. We will have new chance 4 years form now at like $40k

Push recent chart 2 months ahead and we are not that much out of sync. We are at start of July 2015 now.  Unless bull market started in February and we will not see any serious correction anytime soon.

Good Good, the ones that have got the chance to buy 10-15 coins with the spare saved cash, can then buy 1 whole BTC....

[kenzawak]

https://twitter.com/MatiGreenspan/status/1125733999241060353

"Bitcoin miner revenue saw a significant jump in April, while fees remain low, and transaction rate is near a record high."

[JSRAW]

I’m honoured to be on this train with you all.

That's how I feel.

JJG, this cute image showing mix emotion, Please let me know, Which one is it?

1. Crying due to happiness-feeling honoured?
2. Left out?
3. feeling violated?
4. Feeling cheated?
5. Someone mocking you?
6. Someone stole the Candy/BTC?

I think its 1st.... but still want to make sure.

Oh wait, where are you from again ? 

India, but I spent some time in Osaka.

[Lambie Slayer]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

The only way out of crypto is to get scammed.

It's like how in a gang, you have to get beat in, and beat out.

Ive only ever foreseen two ways out for myself.



or




I notice how a lot of the fiat ultra elite pledge to donate all or a percent of their net worth to charity when they die. I think we should start a Bitcoin pledge where we promise to destroy the keys to a certain percent of our coins when we die, thus strengthening the Bitcoin eco system and enriching our Bitcoin brothers and sisters we leave behind. This seems to have been what Satoshi may have done for us and perhaps his second greatest gift, losing the keys to a million coins to make us all richer.


June 21, 2010, 05:48:26 PM

"Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone." Satoshi

[JayJuanGee]

I am still in the process of making a selling plan. As a starting point is to get at least 10x profit. But some coins should be kept for 100x also. Oh, well, this is a though problem

Perhaps you should look through this "(SSS) - A Sane and Simple bitcoin Savings plan" thread.
 
Have you read that thread, yet?

I think that the one of the main ideas in that thread, is to create a selling plan that you can live with, no matter what the BTC price direction that comes after you employ your various selling points.

Of course, some folks do buy some BTC back with the proceeds of what they sell, but that buying back should be of a much secondary concern - and your obsession should not be with the buy back that causes you to want to become more rich by buying back more BTC at a lower price which also causes you to sell too much and the price could move against you (meaning up).  So, in that regard, from your post, it seems to me that your history shows that you have been are preoccupied with trying to time the top and thereafter to attempt to buy back lower to increase your stash and to therefore play with too much of your stash, which is almost an impossible task to either time the top or to manage your emotions when you are playing with too much of your stash with these kinds of shaving off (or raking attempts).

In other words, if you start your BTC selling in an area that is somewhere in the ball park of 10x (like you suggested), that might be a bit too high for your own psychology, and you might not have enough patience to actually wait to act for those kinds of numbers, and it might be more practical and meaningful to start your incremental selling at 5x or some other meaningful increment that is not so difficult to reach. 

In that SSS thread, there was a preference to sell 10% of your stash for every 100% that the BTC price goes up, and that way you never run out of BTC to sell, and of course, you can chose other price increments and amounts for that, too.. even though in my opinion, the parameters of 10% for every 100% is a decent thinking point.  My current model of selling 1% for every 10% rise and then attempting to buy back, if the price goes down is a variation of that framework.... and I am comfortable with my ongoing approach  because it is largely customized to my own temperament but also supplements my other investments and income sources, so each person might find thresholds and increments that are more comfortable for his/her situation.

[kenzawak]

Oh wait, where are you from again ?  

India

I knew that.
That is why I mentioned crazy people driving on the wrong side of the road.  

[Last of the V8s]

Is there a Dutch word for 'fuckery'?

V8 = closest to it

rude
thought we were mates

[Ibian]

I notice how a lot of the fiat ultra elite pledge to donate all or a percent of their net worth to charity when they die. I think we should start a Bitcoin pledge where we promise to destroy the keys to a certain percent of our coins when we die, thus strengthening the Bitcoin eco system and enriching our Bitcoin brothers and sisters we leave behind. This seems to have been what Satoshi may have done for us and perhaps his second greatest gift, losing the keys to a million coins to make us all richer.


June 21, 2010, 05:48:26 PM

"Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone." Satoshi

I agree. On an either-or scale, socialism obviously does not work. Capitalism, ho! all the way. But as long as we live in a society there has to be some element of looking out for one another. And people who inherit wealth but never learn how to generate it piss it away anyway and turn into pieces of shit. Thus, take the keys to some, possibly all, of your coins with you to your grave and instruct the little monsters in the fine art of being worth a damn without having to rely on handouts.

Everyone profits. You from doing whatever you damn well please with your money while alive, your family reputation from your generous donation, your kids from being better than they would otherwise have been, and coiners around the world. And this way, there is certainty that the donation will go to the intended recipients, and not be "lost" in managerial inefficiency.

[El duderino_]

Is there a Dutch word for 'fuckery'?

V8 = closest to it

rude
thought we were mates

Damn thats true .... can you forgive me   

[jbreher]

Howdy?
$5962 observed.
Waiting for crossing $6k. Capitulation bros will join again  

At 6125, I get to exhale. Been holding my breath since November.

[Lambie Slayer]

7k tonight?

Looks like you be in a process to rejuvenate some optimism, here?

We had witnessed a few hairy days, in which you had revealed some kinks in your BTCxxx BTCxxx armor.... hahahahahahaha

 

Please sir, never a kink. Just thought the Baby Bull would have a healthy correction to 4200. Still think something of the sort is in the cards, but why not hit 7k first  

Only a baby for 2 more days, May 8 is coming

It seems that a few days back, I have already conceded that my delay indicator status has already transitioned from "bear" to "bull" market status.... So, my current numbers are not exactly strong, but I am at least in the 51% to 52% arena that the bottom is "in"..

Yes, I noticed your bear to bull market status transition. Nothing wrong with being cautious and using a delay indicator. Sound strategy.

 

[Paashaas]

Is there a Dutch word for 'fuckery'?

Afgang ore rotzooi.  

tyvm^ edit: wait what

Synonym for fuckery;

Afgang ---> failure.

Rotzooi ---> garbage.

[fillippone]

Is there a Dutch word for 'fuckery'?

Afgang ore rotzooi.  

tyvm^ edit: wait what

Synonym for fuckery;

Afgang ---> failure.

Rotzooi ---> garbage.

Basic online Dutch language course: Thanks WO's Family!

[Last of the V8s]

Is there a Dutch word for 'fuckery'?

Afgang ore rotzooi.  

tyvm^ edit: wait what

Fuckery synonym;

Afgang ---> failure.

Rotzooi ---> garbage.

sounds more like 'fucked-ness' or uselessness
fuckery is ~=shenanigans or devilry but ruder obviously

edit: i see the internet dictionaries have both meanings active/passive. meh, fuck 'em
fuckery = manipulation to me

[Lambie Slayer]

I notice how a lot of the fiat ultra elite pledge to donate all or a percent of their net worth to charity when they die. I think we should start a Bitcoin pledge where we promise to destroy the keys to a certain percent of our coins when we die, thus strengthening the Bitcoin eco system and enriching our Bitcoin brothers and sisters we leave behind. This seems to have been what Satoshi may have done for us and perhaps his second greatest gift, losing the keys to a million coins to make us all richer.


June 21, 2010, 05:48:26 PM

"Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone." Satoshi

I agree. On an either-or scale, socialism obviously does not work. Capitalism, ho! all the way. But as long as we live in a society there has to be some element of looking out for one another. And people who inherit wealth but never learn how to generate it piss it away anyway and turn into pieces of shit. Thus, take the keys to some, possibly all, of your coins with you to your grave and instruct the little monsters in the fine art of being worth a damn without having to rely on handouts.

Everyone profits. You from doing whatever you damn well please with your money while alive, your family reputation from your generous donation, your kids from being better than they would otherwise have been, and coiners around the world. And this way, there is certainty that the donation will go to the intended recipients, and not be "lost" in managerial inefficiency.

You bring up a great point! I had just pondered a Bitcoin Pledge for the first time this morning and didnt even think of the benefits of being able to leave every hodler on Earth a little piece of your wealth with zero admistrative costs, legal costs, tie up time in probate courts, or estate taxes. Perhaps the worlds first 100 percent cost efficient charity.


I Lambie Slayer, hereby pledge to, upon my death, take the keys to a minimum of 20 percent of my Bitcoins with me into the the halls of Valhalla.  My gift to my fellow Hodlers.

[JSRAW]

Is there a Dutch word for 'fuckery'?

Afgang ore rotzooi.  

tyvm^ edit: wait what

Synonym for fuckery;

Afgang ---> failure.

Rotzooi ---> garbage.

Basic online Dutch language course: Thanks WO's Family!

And I noticed that everyone only show curiosity for curse words . and friends are more than willing to teach them every time, guess its universal thing, but limited to guys only.

I knew that.
That is why I mentioned crazy people driving on the wrong side of the road. 

You are French, right?

[El duderino_]

^
Thats the thing about kenzawak....  you would never guess he’s actualy a french guy

[Lambie Slayer]

7k tonight?

Looks like you be in a process to rejuvenate some optimism, here?

We had witnessed a few hairy days, in which you had revealed some kinks in your BTCxxx BTCxxx armor.... hahahahahahaha

 

Please sir, never a kink. Just thought the Baby Bull would have a healthy correction to 4200. Still think something of the sort is in the cards, but why not hit 7k first   as the Bitfinex troubles keep pumping the price. Only a baby for 2 more days, May 8 is coming

Although it looks like we're going straight up with no afterthoughts, I mostly agree with Lambie's view. Maybe 4.2k is starting to look a bit too far down, and the high 4k's are more likely as a correction target, but the gist of it is still valid IMHO.

Not a good day in court for Bitfinex they were denied their motion to vacate even though they had solid arguments. Kangaroo court appears to rule the day. I suspect we keep pumping hard as bulls are taking advantage of desperate customers paying a premium to pull out their Bitcoin, then when everyone who really wants out is out, we correct.

This. The volume is still quite tentative, with the occasional plump burst.

No way in hell is this Bull market ending rn though. This party will last years imo.

We're already in party rehearsal mode, man  

rehearsal indeed and yes Id say at this point the pump has been so strong that high 4ks are a lot more likely than 4200 at this point for a correction.

[LFC_Bitcoin]

^
Thats the thing about kenzawak....  you would never guess he’s actualy a french guy

He’s a cool guy, he really intrigues me. I probably should have just asked him via a PM but I wondered what he does for a job. He travels a hell of a lot.

kenzwak?

Lol