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

[yefi]

In essence, it's always the ego that tries to kill everything that's good inside us.

Given the crimes committed by soldiers who have ego driven out of them, I rather think not.
 

[1715055683]

1715055683

[El duderino_]

Buying a home is much harder today than it was for previous generations

Price of college is increasing 8 times faster than wages

Negative interest rates

Food products & household supplies are shrinking in size

Bitcoin is people collectively responding to these injustices
https://twitter.com/misir_mahmudov/status/1217575684966699015?s=20


Btw, i'm with bitserve on something previous, I also don't think its bad to have some land to own or to have a own house .... I don't like to rent to much myself.

[El duderino_]

Took some time to read 25 pages back and found...
nothing!

Good to be back, hopefully for good

Indeed long time no see ..... good to have you back

You only missed 25 pages??

I could not afford to read something like 3000!
 

That comes with being this long away 

[makrospex]

In essence, it's always the ego that tries to kill everything that's good inside us.

Given the crimes committed by soldiers who have ego driven out of them, I rather think not.
 

I would more describe this as a replacement (or shift) of ego values, not quite driven out ego.
Temporary eradication of ego is a side effect of LSD, sometimes (and deep meditation of course). It's hard to grasp unless it happens to you.
Conscious and unconscious thoughts replaced by something like constant, excited but peaceful wondering. Like babies look at the world, i could imagine.

EDIT: Also, an ex-heroin addict told me that this description matches the first time of heroin consumption. Still, i strongly advise against drug abuse! especially the harder opiate varieties. Check out Wim Hof (or was it Wim Hoff?) breathing to produce your own DMT via meditation instead.

[Paashaas]

Bitcoin is bigger, stronger and more secure than it has ever been. 2020 halving will be glorious.

[makrospex]

Bitcoin is bigger, stronger and more secure than it has ever been. 2020 halving will be glorious.

Apart of that, every "flipppening" scenario has yet turned out to just be FUD.
"Shitters" can't do better than that.

[Dabs]

Well, objectively, the price of both BCH and BSV are higher than BTC's was, just about 5 years ago, or around 2013-ish ... The problem is they might stick around at least another 5 years just because ... reasons.

[d_eddie]

... or go down the drain before that, if they fail to match btc's adoption or recognition history.

[makrospex]

Well, objectively, the price of both BCH and BSV are higher than BTC's was, just about 5 years ago, or around 2013-ish ... The problem is they might stick around at least another 5 years just because ... reasons.

That's an interesting comparison. What would the value of BCH/BSV be if they split off 2013? I'm sure the trends would have developed differently, if both forks even pretty much survived 2014/15. One thing is adoption rate, which would be better for BCH/SV if forked off earlier. Craig and Ver came a bit late, and the real value of the BTC is definitely BTC+BCH+BSV (+BTG and other offsprings), so they say, which is at least true for unclaimed coins mined before the chainsplit(s).
Some might also say Craig and Roger stole value from Bitcoin through the splitting, i guess?
I doubt they could take over, but will go along some time.

... or go down the drain before that, if they fail to match btc's adoption or recognition history.

That's why the two clowns feel so pressed to raise recognition through public stunts and shittalk.

[LFC_Bitcoin]

Well, objectively, the price of both BCH and BSV are higher than BTC's was, just about 5 years ago, or around 2013-ish ... The problem is they might stick around at least another 5 years just because ... reasons.

Presumably when CW fails to sign a message from any address holding large amounts of corn ahead of this final court date on Feb 3rd then BSV, at least, will suffer a massive dump.

It’s his final opportunity to show he’s (lol) Satoshi. You’d think any of his dumb sheep who buy & believe in BSV will start to sell as it plummets.

BSV @ $50 incoming!

[P_Shep]

Well, objectively, the price of both BCH and BSV are higher than BTC's was, just about 5 years ago, or around 2013-ish ... The problem is they might stick around at least another 5 years just because ... reasons.

Presumably when CW fails to sign a message from any address holding large amounts of corn ahead of this final court date on Feb 3rd then BSV, at least, will suffer a massive dump.

It’s his final opportunity to show he’s (lol) Satoshi. You’d think any of his dumb sheep who buy & believe in BSV will start to sell as it plummets.

BSV @ $50 incoming!

Can't wait until someone moves the contents of one of those 16404 addresses. Or signs a message against one

[JSRAW]

he’s (lol) Satoshi.

[LFC_Bitcoin]

Can't wait until someone moves the contents of one of those 16404 addresses. Or signs a message against one

I’ll get on to it before the next meet, mate.

[jojo69]

I don't know guys...I think SV might have one more pump in it.

[fillippone]

This is big:

A new Bitcoin boom?Grayscale reports record crypto investments for 2019

Digital currency manager Grayscale took in $607 million of investments in 2019, an amount that outstripped its collective inflows of the previous five years.

From their report:

Most significant asset raising year in Grayscale’s history: Investment for FY19, totaled $607.7 million, surpassed combined investment into all Grayscale’s products from 2013 through 2018.
Largest quarterly investment to Grayscale® Bitcoin Trust ever: With $193.8 in 4Q19, investment into Grayscale Bitcoin Trust exceeded the $171.7 million in investment raised in 3Q19.

The current situation is this one:



Please note the relative size of Bitcoin Investments comparet to shitcoins.

So back of the envelope calculations:

USD 607 millions@BTCUSD8,000 means roughly 75,000 bitcoins were bought this year.
After the halving each year 6.25*24*365 Bitcoins will be mined.
This means Greyscale alone will buy more than 20% of Bitcoins.

How cannot be bullish?
This is Stock to Flow in full power!

[jupiter9]

Took some time to read 25 pages back and found...
nothing!

Good to be back, hopefully for good

You found nothing? What are you looking for? Girls?

[Karartma1]

Took some time to read 25 pages back and found...
nothing!

Good to be back, hopefully for good

You found nothing? What are you looking for? Girls?

Hey homie! You clearly don't know who do you want to f*** with here.

Auto-Censorship mode ON

This is Stock to Flow in full power!

That's it! Time is on our side now

[LFC_Bitcoin]

S2F - My body is ready for $100,000 per BTC.






What do you think guys, will we see $100,000 per BTC during this bull cycle, maybe 2021 or 2022?

[JayJuanGee]

I really thought that it was jonoiv that I was responding to - hence my aggression.

Not like anybody here is going to listen to *my* opinion on this matter, but... jonoiv gotz a bum rap in this thread. Undeservedly.

We have probably been too nice to him.

He sold his whole stash at $6k-ish in May 2019 or so, and then he was bragging about how smart he was compared to the rest of us and talking his book, but so far the price has not dropped back down.  He had engaged in similar dumb tactics before and even lost money doing it, but he still wants to act as if he is so smart.

Anyone can feel sorry for humble, regular and normal people who make mistakes, but he was gloating and arrogant about his supposed smartness, which tends to be irritating, even if he had ended up being correct - which was far from the case in terms of both his bet and in terms of the reasonableness of his behaviors to be playing around with all of his BTC holdings in terms of trading.  Many of the HODLers and accumulators here are playing with only a small amount of their stash, and sure there might be some who go BIG upon BIG price moves, so even if $6k seemed BIG, it was merely a recovery to where we already had been, rather than setting new ATHs or something like that, which would have been more reasonable to had sold a larger portion of your stash in the 2017 run up.. even though that would have proven wrong, too.

[JayJuanGee]

Sure, I remember before you even got into seasteading, you had made a pretty gutsy move to invest all the proceeds from your sale of your house into bitcoin, and you were ridiculed about that for a while

Who was it that did the ridiculing?

I know that you are picking on me for my memories rather than accusing me of anything, but anyhow, let me say that I doubt that I was ridiculing him in any kind of meaningful way, even though it was quite gutsy and something that I would NOT have done...

Although, there was a time in late 2014 that I was considering cashing out a portion of my 401k and investing into BTC.  There was a way that I could have done it without the tax penalty (as a kind of roll over).

I did not do it, because I though that I had already diversified more than enough into BTC, and that cashing out that portion of my 401k would have been gambling too much.  Of course, I would have been a lot more richie right now, but I am still glad that I employed prudence.  So what I am saying is that I could NOT really blame anyone for taking BIGGER chances than me on bitcoin, and mostly Elwar was ridiculed by the bear trolls, and surely you understand that there are always bear trolls in these here parts.

What I am suggesting is that two years in a row of 10x would still be a 100x, and even the most bullish of bitcoin prognosticators are not projecting anything like that...

OTOH, would not be astonished.

<snip> (I never can tell what the heart of your point is...)

We have yet to see the first proper FOMO.

That is all.

Frequently, I have no heart of a point.