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

[HairyMaclairy]

It must be depressing to be a conservative.  In the long run, you always lose the culture wars:

• allowing women to vote
• allowing education for girls
• allowing racial desegregation
• separation of church and state
• gay marriage
• stopping Catholic priests from kiddy fiddling
• not being allowed to use racial epithets at work
• and now losing the fight on climate change

It must be exhausting to be constantly on the wrong side of history

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[Lambie Slayer]

I have to add Georges Lemaître's, one of the former high priests of physics, big bang theory as the second most unbelievable and hand wavey cult theory out there    Big foot seems a bit more likely. Bitcoin will be overtaken by a shitcoin is of course the most pernicious and dishonest of all cult theories.

"The ultimate singularity is the Big Bang, which physicists believe was responsible for the birth of the universe. We are asked by science to believe that the entire universe sprang from nothingness, at a single point and for no discernible reason. This notion is the limit case for credulity. In other words, if you can believe this, you can believe anything. It is a notion that is, in fact, utterly absurd, yet terribly important. Those so-called rational assumptions flow from this initial impossible situation. Western religion has its own singularity in the form of the apocalypse, an event placed not at the beginning of the universe but at its end. This seems a more logical position than that of science. If singularities exist at all it seems easier to suppose that they might arise out of an ancient and highly complexified cosmos, such as our own, than out of a featureless and dimensionless mega-void.” - Terance Mckenna

So what exactly do you propose as an alternative? 

Im not a high priest so I just let it be a mystery and refrain from hand waving.

[HairyMaclairy]

Surely you have a gay frogs man video to back up your points?

[JayJuanGee]

I bought decent amount worth of bitcoin when it hits $8500 to $9000 in 2018 but after that it went to $3000 nearly which is the place most of the people lost their faith and sold their bitcoin for extreme losses.But you know I didn't do that mistake and now in profits

You were not able to buy below $8,500 and above $3,120 between about late 2018 and about May 2019?

Or did you feel that you were already too much invested in BTC?

If someone is NEW and Maybe had a bit of fear cause of the correction.... I can understand that.... though if there was FIAT left then its still pity you didn’t bought to DCA.... but still you HODL and learn when being in the proces so thats something to cheer on!

Yes, exactly, any of us who have some BTC conviction realize that it would generally be the best of strategies to continue to buy all along rather than stopping and getting too freaked out to buy more during the dip... but we also know that a lot of less experienced bitcoiners and newbies do exactly that..they fail/refuse to buy, and I supposed a less worse situation is to at least HODL through and not to sell at those prices.

Frequently a systematic error of some of us more bullish folks is to buy too much on BTC price dips,  and therefore to run out of money when the BTC price goes lower because we bought a bit too much at higher prices.  I know that I had a bit of this kind of problem in the dip from $6k to $3k, and in that regard, I was not able to take advantage, as much as I would have liked of that particular dip.  I also had some real BIG bills come due in late 2018 - which is not exactly great timing but disallowed me from having as much cash flow as I would have liked to have had in order to have been able to take advantage of BTC prices in that price range and during that time that the dip lasted.

Another reality is that from the mid December 2017 top at $19,666, BTC prices had their first dip to nearly $6k in early February 2018, so there was already one dipping opportunity to pick up some more coins, but then the second dip lasted a whole hell of a lot longer between March 2018 and December 2018.  And, yeah of course, the recovery from December 2018 to April 2019 even had a bit longer periods of BTC prices below $8k into early June.  So gosh, couldn't we say that there were close if not more than 16 months of "opportunities" to pick up sub $8k coins?  At least some.  Usually there should be some abilities to generate some cash flow during such a seemingly extended period of time... but there also needs to be some belief in the asset, too.. so there is that belief issue going on with some peeps that might hold them back from pumping a little more value into BTC accumulation and to perhaps attempt to either bring down their cost per BTC and/or merely just to accumulate more BTC.

[Searing]

It must be depressing to be a conservative.  In the long run, you always lose:

• allowing women to vote
• allowing education for girls
• allowing racial desegregation
• separation of church and state
• gay marriage
• and now losing the fight on climate change
  

It must be exhausting be constantly on the wrong side of history

The 'gay marriage' thing was a big yawn. All the end of the world talk and zippo...nothing happened...gay couples just turned into 'boring' married folk.

I assume the same would happen if the Reagan era (was it?) Assualt Weapons Ban went back into effect. It would not be the end of the world as everyone

on the far right and gun lobby claim. Perhaps we should let a lot of stuff just 'expire' to see if it really would be as bad as everyone claims from whatever

political self-interest group. I kinda would bet 7 out of 10 at least would be, as I stated above, the big 'yawn'.

Different Times/Different Era's/Just add Humans. Rinse/Wash/Repeat we rarely learn.

Brad

[JayJuanGee]

My gut says: sideways at 10xxx for 3 more weeks, than breaking out to above 12k around Sept 25.

your gut doesn't know shit.


hahahahahahaa

He’s guts have been right for Some times

This time is different. ^tm

[JayJuanGee]

Naturally as Bitcoin expands as does the velocity at which these moves take place

With each dollar added to the marketcap it becomes that much harder to grow and the percentages become more incremental

A bull market at this scale will take years to play out to full effect

via Imgflip Meme Generator

https://twitter.com/moonoverlord/status/1169232644929990659?s=21

Guy sounds like some kind of alt coin pumper or someone who is distracted by possible unit costs (and supposedly better valued coins out there that are "more capable" of pumping).  Seeds of shitcoin and a gambling mentality that fails to appreciate the more moderate growth of bitcoin and also the lessening of downside risk that bitcoin presents too, as compared with other possible investments with such upside potential.

[Arriemoller]

It would be a nice irony if the outcome of Brexit was a break up of Great Britain with Scotland achieving independence and Northern Ireland joining Ireland while England and Wales stay in the EU.  

But when you play with matches, sometimes shit catches on fire, yo.

The true irony would be Scotland leaving the UK "because independence" and then joining the EU.

[Arriemoller]

@V8 : so sorry to hear about the bad news.

[jojo69]

I don't understand why the EU has so much patience with the UK.

Winston Churchill

Though it is, finally, starting to wear a bit thin.

[Arriemoller]

It must be depressing to be a conservative.  In the long run, you always lose the culture wars:

• allowing women to vote
• allowing education for girls
• allowing racial desegregation
• separation of church and state
• gay marriage
• stopping Catholic priests from kiddy fiddling
• not being allowed to use racial epithets at work
• and now losing the fight on climate change

It must be exhausting to be constantly on the wrong side of history

If you think we are loosing, you are reading the wrong papers.

[HairyMaclairy]

It would be a nice irony if the outcome of Brexit was a break up of Great Britain with Scotland achieving independence and Northern Ireland joining Ireland while England and Wales stay in the EU.  

But when you play with matches, sometimes shit catches on fire, yo.

The true irony would be Scotland leaving the UK "because independence" and then joining the EU.

I acknowledge that would be pretty funny

[HairyMaclairy]

It must be depressing to be a conservative.  In the long run, you always lose the culture wars:

• allowing women to vote
• allowing education for girls
• allowing racial desegregation
• separation of church and state
• gay marriage
• stopping Catholic priests from kiddy fiddling
• not being allowed to use racial epithets at work
• and now losing the fight on climate change

It must be exhausting to be constantly on the wrong side of history

If you think we are loosing, you are reading the wrong papers.

Its been a long time since you were allowed to smoke at work and pat your secretary on the bum.  You are definitely losing.

[Ibian]

It must be depressing to be a conservative.  In the long run, you always lose the culture wars:

• allowing women to vote
• allowing education for girls
• allowing racial desegregation
• separation of church and state
• gay marriage
• stopping Catholic priests from kiddy fiddling
• not being allowed to use racial epithets at work
• and now losing the fight on climate change

It must be exhausting to be constantly on the wrong side of history

You had to throw in that last line. And you were doing so well too.

It's not difficult. Culture always moves from right to left. Until a lot of people die, then we take a hard right and the cycle starts all over again.

Further reading: http://people.uncw.edu/kozloffm/glubb.pdf

[jojo69]

"What is the point of being in business if you can't extort sexual favors from your employees?"

[HairyMaclairy]

As far as climate change goes, technology is going to sweep away the coal power plants.  

Individuals are taking back their energy sovereignty.  Fuck Big Oil, Big Nuclear and Big Coal.

[btcbeliever]

Surely you have a gay frogs man video to back up your points?

hairy did you ever watch the gay frogs video link I posted?  Kind of not cool to ridicule something if you did not watch it

[Arriemoller]

"What is the point of being in business if you can't extort sexual favors from your employees?"

Is that one of the rules of acquisition?

[gentlemand]

The true irony would be Scotland leaving the UK "because independence" and then joining the EU.

That's what they would want. The majority voted to remain.

All the talk of Churchill, 'winning' and 'taking back control' has been English. The English have saddo delusions of prior glory. Scotland wants to be small and prosperous. They've consistently aligned themselves more with Scandinavia.

Scotland has always been more intrinsically European. They actually like French people for starters.

[Arriemoller]

As far as climate change goes, technology is going to sweep away the coal power plants.  

Individuals are taking back their energy sovereignty.  Fuck Big Oil, Big Nuclear and Big Coal.

How about the small portable nuclear reactors?

https://youtu.be/-DPQ15EgyTY?t=968