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

[JayJuanGee]

My purchase at $1,200 was my highest BTC purchase in 2013 until the BTC prices went back above $1,200 in 2017.

Of course, I had some other decently high BTC purchases in 2013 and 2014 because the BTC price stayed up for a couple of months.   I could go back and calculate how many BTC that I bought in the first few months at relatively higher prices, but it does not really matter too much, now does it?

[...]

youll need the price of those coins eventually for tax purposes. well only if you do anything with them of course.

i only mention this since i just recently sold a decent chunk of my stack LIFO style so im now back to coins i mined back in.. well dunno.. 2011 to 2014 timeframe maybe. of course i still mine alts for btc so i always DCA back in in a way. anyway my crypto tax program figures that stuff out for capitol gains and regular income.

I meant that those levels of details do not matter too much for the kind of our discussion here.  I mean, I could particularize my various purchases, such as buying $100 on various days or weeks and $10 on other days or weeks, but in the end, we can add up all the purchases and come to a conclusion regarding where I was at in various points in time in terms of average cost per BTC.. at least for the purpose of talking about it in this thread.

With providing that kind of information to Fatty, I recognized that I was likely engaging in a BIG ASS wasting of my time, so I really was not providing that information for that tard, but instead to provide a response to the question for others who might be interested in such topic... especially since many of us have gotten into bitcoin at varying points of time and also have employed varying strategies, and from time to time, it might be worthy to do a bit of an overview both to clarify implications in what Fatty was asking as a kind of hope to spread misinformation but also to help some others who might be genuinely interested in why I might be spouting out so much about how I believe in certain DCA and even buying on dip strategies that I frequently refer to.

[JayJuanGee]

[edited out]

Lol, its a small blockers jjg and co filling the blocks here, cause he cannot on btc

 

Why would I want to, you dumb fuck?

You believe that there is much if any usefulness to my posting my little diary about how I feel about my experiences on the BTC blockchain.  You are really caught up on some stupid ass BIG blocker beliefs if you really believe that is going to be a useful service that can actually compete with bitcoin, especially when it comes to seeming needs for cost of security in keeping financial aspects separate from shitty and random information.

[JayJuanGee]

via Imgflip Meme Generator

WO-brothers in arms

five righties and three lefties.  hm?

[Elwar]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

I showed that to the money guy behind the seastead project (who was about to go buy a cargo ship before the Thai navy thing).

He responded with just one word.

sub

[jojo69]

It is like, the more poorer you are, the longer you stay poor.

bingo

[jojo69]

via Imgflip Meme Generator

WO-brothers in arms

THIS must be what that secret club stuff was about!

[jojo69]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

[Searing]

LOL totally forgot about the pool this time. So, here is mine:


Anyway, good morning WO and observing @ 4 digits again.

$9,968

Yeah. I picked $11-11.5k so 'obviously' I don't know zip about price vs reality.

sigh

[vapourminer]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

the fuel tender that youll need for this is an optional extra.

[VB1001]

https://pbs.twimg.com/media/ED5MTFNWsAEVGRs?format=jpg

It’s like that, there’s no going back.

[ivomm]

I was so bored that I decided to visit my old localbitcoins account from 2015. I was clicking faucets back then and then immediately selling. If only I knew what will happen in 2 years. Oh, dear! There were remaining 0.0018 BTC in my account. Well, at least I can buy several drinks.    Cheers!

[Krubster]

Came across something interesting in reddit. claiming the origin of term " Shitcoin".. part of the history i suppose if that's true.

...it would have to be better in some way other than just "I started the new chain, so I've got a lot of the easy-to-generate-at-the-beginning-coins."

You say that now, but if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.

Nice find. Interesting how the same argument is valid today, 9 years later. The only difference is that have a few more thousand shitcoins today.

[vroom]

coming up next (<7d) a new local low at $9000-9250, then leg up to $15000.

made a professional TA to support my prediction

[bitebits]

WO-brothers in arms

Have fun guys!

[Arriemoller]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

The specs say 80 liters per hour, but I have no idea if that is some kind of average, or how that is calculated.

[Arriemoller]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

I showed that to the money guy behind the seastead project (who was about to go buy a cargo ship before the Thai navy thing).

He responded with just one word.

sub

Meaning what? That it's subpar or he wants a submarine or what?

[Arriemoller]

I also want that mother ship they drive on to/of from in the first clip.

EDIT: and the armament.

[jojo69]

"the Thai navy thing"

[JayJuanGee]

It is like, the more poorer you are, the longer you stay poor.

bingo

Yes... but there is a bit of a fallacy in that kind of thinking.

I believe that it is safer to believe that it takes a long fucking time to build up wealth, especially if you are starting from zero, close to zero or in the negative, and so in that regard, if you are starting out with a decent amount of wealth, then you both have more options and there are a large number of ways that you can structure your capital to work for you in order to keep you rich.

But, even rich folks fail/refuse to understand how to manage their money properly and end up neither preserving nor building their wealth from whatever lofty position that they may have started.

Of course, building marketable skills can also be a good way to preserve and to build wealth, too.

Anyhow, even if it can take a long-ass time for poor people to build wealth, that does not signify that they should either end up engaging in rushed behavior or even gambling, with a sense of desperation.  From my thinking it remains a better practice to just continue to work with what you got, and maybe you need to be more aggressive with your investment or more frugal with your spending while you are building wealth, but if you continue to strive towards building wealth including making sure that you have a decent income source, to the extent that is feasible, then bitcoin is still likely to put you way the fuck better off (comparing yourself to yourself) than if it had not existed. 

So in essence, I am suggesting that guys (and gal) need to structure strategies and plans that compete against themselves in terms of options rather than pondering over the financial situations of other people (except maybe to attempt to learn from that).  So seems to be likely that any guy (or gal) with bitcoin accumulation (whatever amount that they can reasonably and prudently muster up within their own financial circumstances) is going to have chances of prospering better than the same guy(or gal) without a bitcoin accumulation plan strategy that is incorporated into their life.

[VB1001]

Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come

https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

This is coming.


https://i.imgur.com/kQ2Rca8.jpg