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

[d_eddie]

Backtest your emotions. We've seen five of these blowoff tops. Factor the next one in before it gobsmacks you.

That's some OG sense.

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[jojo69]

easier said than done...I thought I had it licked last time

[d_eddie]

easier said than done...I thought I had it licked last time

What works for me is an honest assessment of my needs, wants, and expectations. In my case, the assessment must be worked out before the prices get to life-changing levels. This produces a plan whose outcome I'm happy with.

In the heat of frenzied bulls raging, there is still some wiggle room for tweaking a few percentage points, as jbreher admitted, but the actual execution of the plan requires little thought.

I find it easier when framed as "Do I still need/want/expect what I needed/wanted/expected when I was planning? Well, here it is, ready for me to pick."


Prices to the moon.
How much do I sell? Do I?
Problems worth having.

[JayJuanGee]

We all die in the end, money doesn't mean anything

If money NO mean Nuttin, then why we spending so much time and attention trying to accumulate it?     

[HairyMaclairy]

Have you considered getting your pilot’s license?

 Coincidentally, yes. Recognized it was going to be too much of an investment in time and energy, that I would rather spend doing other things.

 Even for a commercial drone pilot, it's a shitload of material to learn to get licensed. Decided to stick to the hobbyist arena.

 I'll keep puttering around my studio, playing video games, and hanging here with you brothers until Jah comes to take me.

 Regarding your friend retiring in her 20's, that's a remarkable achievement. Bless her.

Cool. Have you considered joining a gentleman’s club?  My club has reciprocal rights with one in Houston although I have never been to the Houston one. Generally lots of like minded people who are happy to sit down and have beer in the middle of the day and tons of events.  

http://www.clubcorp.com/Clubs/The-Houston-Club

Your financial advisor should be able to facilitate an introduction if helpful.

Or maybe learn to sail:  http://www.houstonyachtclub.com/

[dyask]

  Dumbest reporter ever?   Naw just a typical one.

https://www.chron.com/technology/businessinsider/article/Here-are-George-Soros-biggest-investments-13627300.php

"Date: January 2018

Prediction: Soros slammed cryptocurrencies as bubbles and derided bitcoin in particular.

"Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," Soros said.

"Bitcoin is not a currency because a currency is supposed to be a stable store of value and the currency that can fluctuate 25% in a day can't be used for instance to pay wages because wages drop by 25% in a day. It's a speculation. Based on a misunderstanding."

Outcome: Correct.

Bitcoin plunged 70% to a low of $3,136 in December 2018. It has since made somewhat of a recovery, more than doubling off its low, and now trades just below $8,000.

Source: Forbes"

[jbreher]

How long can Roger Ver hold on to Bitcoin.com.

You may be confusing copyright with other forms of IP, such as: trademark; or domain ownership.

[JayJuanGee]

easier said than done...I thought I had it licked last time

What works for me is an honest assessment of my needs, wants, and expectations. In my case, the assessment must be worked out before the prices get to life-changing levels. This produces a plan whose outcome I'm happy with.

In the heat of frenzied bulls raging, there is still some wiggle room for tweaking a few percentage points, as jbreher admitted, but the actual execution of the plan requires little thought.

I find it easier when framed as "Do I still need/want/expect what I needed/wanted/expected when I was planning? Well, here it is, ready for me to pick."


Prices to the moon.
How much do I sell? Do I?
Problems worth having.

Even if you have a good plan and you largely follow your plan, there can still be a decent amount of trepidation during the process of the BTC price going UP like a bat out of hell...

In many cases, can cause a large number of folks to second guess their plans... and gosh, when the price comes down to less than 1/5 of what it had been, then there is a kind of opportunity cost regret...

Takes some decently strong willpower to go through all of that - and even the longer term BTC HODLers seem to weather through the situation with some ongoing trepidations - so it does make some sense that even the longer term HODLers should skim, at least a small amount of BTC, off the top whenever there is a decently-sized BTC run, even if such shaving/skimming will merely provide partial rather than complete relief for the seemingly long enduring and decently uncertain BTC price correction period.

[jbreher]

...bullcrap...

I'm surprised nobody from the DT list has left you a red feedback till now. Amazes me how you made this far without them.

Anyway, not so long ago I discovered my new ability.

And you are the one from the first batch who has the honor. Enjoy it Craig.

You are leaving red feedback for a person, solely on the mere suspicion that that person is CSW?

Methinks the days your 'new ability' will be with you are numbered. For irresponsible abuse.

[jbreher]

The entire industry is misguided. Save it! Stop buying (pumping) this BSV shit. It's gonna crash soon.

That article you shared looks nice, but honestly, we're all convinced here already. I don't think that any of us is currently buying even a single BSV satoshi.

It seems you have a habit of posting your thoughts before thinking them through.

[jbreher]

Thursday is a hugely epic day. Stay tuned for official announcements and decrees.  

Umm... The Day After Laszlo's Pizza Day day?

[jbreher]

lol.jpg

SV user not affected. Troll harder. C'mon - I think you have it in you. That was weaksauce.

[jbreher]

let´s quickly check how sustainable bSV is rewarding miners with fees to secure the network:

Today's earned fees across Bitcoin forks...

Bitcoin: $1.8M of fees earned by miners
Bitcoin Cash: $461 of fees earned by miners
Bitcoin SV: $16 of fees earned by miners
Bitcoin Gold: $2 of fees earned by miners

Yet the SV blockchain continues. Funny, that.

[jbreher]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

You will not find anyone here who thinks that BCH will ever be $4k again

False statement is false.

XD

Well have you been to the Altcoins section? Everyone and their mother thinks Shitcoin X is going to upser Bitcoin and be worth 1mil.

Yes, but Shitcoin X can't trace back to the Satoshi Genesis block, and Shitcoin X's protocol does not have more in common with the original Bitcoin protocol than does that of BTC.

Like our little reality tv show move of trying to copy write Bitcoin and the Genesis paper. The fucker can't prove he's Satoshi and hell has essentially disproved it, but knows how to rile up new comers to crypto during runs doesn't he?

::le sigh:: ...aaaand we're back to 'Aussie man bad!'

And we still have not discussed the fact that Majormax was flamingly wrong in his/her blanket statement.

[jbreher]

easier said than done...I thought I had it licked last time

What works for me is an honest assessment of my needs, wants, and expectations. In my case, the assessment must be worked out before the prices get to life-changing levels. This produces a plan whose outcome I'm happy with.

In the heat of frenzied bulls raging, there is still some wiggle room for tweaking a few percentage points, as jbreher admitted, but the actual execution of the plan requires little thought.

What d_eddie said.

[alevlaslo]

Satoshi is the one who first recieved a patent for this name, it is not even necessary to be the Creator of bitcoin. I advised them to get a patent for large blocks, but they decided to just take a larger

[jbreher]

Even if you have a good plan and you largely follow your plan, there can still be a decent amount of trepidation during the process of the BTC price going UP like a bat out of hell...

In many cases, can cause a large number of folks to second guess their plans... and gosh, when the price comes down to less than 1/5 of what it had been, then there is a kind of opportunity cost regret...

Takes some decently strong willpower to go through all of that - and even the longer term BTC HODLers seem to weather through the situation with some ongoing trepidations - so it does make some sense that even the longer term HODLers should skim, at least a small amount of BTC, off the top whenever there is a decently-sized BTC run, even if such shaving/skimming will merely provide partial rather than complete relief for the seemingly long enduring and decently uncertain BTC price correction period.

So build the shaving/skimming into the plan. That's all I'm saying.

This is Bitcoin. If your plan does not consider the possibility that the price overshoots by at least an order of magnitude more than you -- in your wildest dreams -- would dare to hope, then u r doing it rong.

[infofront]

But if we want Bitcoin to succeed as the financial backbone of the planet, what are our choices?
1) SV's openness to storing arbitrarily huge amounts of data may lead to a small number of players at each task within the system, governed only by open competition. As a bonus, in the huge data scenario it becomes the backbone of the Internet.
2) BTC has already abandoned being the default money for the world, being utterly unable to even onboard the world to LN in less than a quarter century.
3) BCH is headed towards unlimited numbers of txs, albeit each one limited in size. At the cost of the perhaps unforgivable sin of centralized checkpointing.

So far, SV still looks like the preferable route forward to me. Current market share notwithstanding.

1) Significantly altered bitcoin's game theoretics
2) Significantly altered bitcoin's game theoretics, but those changes can (will?) be rolled back by miners
3) Significantly altered bitcoin's game theoretics

You missed one:
4) The Real Bitcoin™

[JayJuanGee]

Even if you have a good plan and you largely follow your plan, there can still be a decent amount of trepidation during the process of the BTC price going UP like a bat out of hell...

In many cases, can cause a large number of folks to second guess their plans... and gosh, when the price comes down to less than 1/5 of what it had been, then there is a kind of opportunity cost regret...

Takes some decently strong willpower to go through all of that - and even the longer term BTC HODLers seem to weather through the situation with some ongoing trepidations - so it does make some sense that even the longer term HODLers should skim, at least a small amount of BTC, off the top whenever there is a decently-sized BTC run, even if such shaving/skimming will merely provide partial rather than complete relief for the seemingly long enduring and decently uncertain BTC price correction period.

So build the shaving/skimming into the plan. That's all I'm saying.

This is Bitcoin. If your plan does not consider the possibility that the price overshoots by at least an order of magnitude more than you -- in your wildest dreams -- would dare to hope, then u r doing it rong.

At least in regards to skimming BTC on the way up and never running out of either bitcoin or fiat, you and I are largely saying the same thing, even if we might phrase things differently, depending on when we type our statement(s).  

I doubt that either of us will run out of either bitcoin or fiat unless we make a purposeful elect to do so (perhaps based on other considerations, such as cashing out because we only expect to live x amount of time longer - where x is a decently short period of time).  Sucks to be mortal.    

On the other hand, if you continue to believe that bcash SV is the real bitcoin then those kinds of considerations might relieve you of more BTC than what would otherwise be a prudent approach... I am talking about maintaining a BTC plan and not getting distracted by false/snake oil imitations.

[jbreher]

But if we want Bitcoin to succeed as the financial backbone of the planet, what are our choices?
1) SV's openness to storing arbitrarily huge amounts of data may lead to a small number of players at each task within the system, governed only by open competition. As a bonus, in the huge data scenario it becomes the backbone of the Internet.
2) BTC has already abandoned being the default money for the world, being utterly unable to even onboard the world to LN in less than a quarter century.
3) BCH is headed towards unlimited numbers of txs, albeit each one limited in size. At the cost of the perhaps unforgivable sin of centralized checkpointing.

So far, SV still looks like the preferable route forward to me. Current market share notwithstanding.

1) Significantly altered bitcoin's game theoretics
2) Significantly altered bitcoin's game theoretics, but those changes can (will?) be rolled back by miners
3) Significantly altered bitcoin's game theoretics

You missed one:
4) The Real Bitcoin™

As in TMSR, or pre-(what was it)-0.85 Bitcoin? OK. Add it to the list. Again, I believe its tx per unit time will be its downfall, just like BTC.

YMMV. Objects in mirror may be closer than they appear. Not to be used for the other purpose. This furniture product is not a gateway to Narnia. Keep chain from testicles.

eta: If rollback occurs upon 2), then it collapses into 4), no?

Further edit: in regards to 'Significantly altered bitcoin's game theoretics', specifics would be helpful. Up until the blockalypse, Bitcoin was utterly unaffected by any block size limitation (+/- a day or two). Something else you're thinking of?