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Question: How low will we go before we see $10K again?
<$8,000 - 22 (38.6%)
$8,000-8,200 - 7 (12.3%)
$8,200-$8,400 - 2 (3.5%)
$8,400-$8,600 - 14 (24.6%)
$8,600-$8,800 - 6 (10.5%)
$8,800-$9,000 - 6 (10.5%)
Total Voters: 57

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21537844 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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January 16, 2020, 03:04:51 PM

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.
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January 16, 2020, 03:12:20 PM

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.   Wink
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January 16, 2020, 03:13:33 PM
Merited by Patel (2)



Another leg down awaits for alts? Especially if bitcoin doesn't hold...
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January 16, 2020, 03:17:21 PM
Merited by LFC_Bitcoin (1), DaRude (1)


https://twitter.com/hodlonaut/status/1217779641957613568
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January 16, 2020, 03:17:33 PM
Merited by LFC_Bitcoin (1)

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?

I'd say it's 99.99% sure we'll see $100k BTC

Are you sure your body is ready? I mean how can you be ready for endless hookers & blow?  Grin
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January 16, 2020, 03:19:55 PM

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?

I'd say it's 99.99% sure we'll see $100k BTC

Are you sure your body is ready? I mean how can you be ready for endless hookers & blow?  Grin

Entering mid 30’s soon!
I better be ready now because I’ll be too old for partying if honey-badger doesn’t hurry up Wink
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January 16, 2020, 03:24:53 PM

Roachy your Nazi graffiti still needs some work bro


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January 16, 2020, 03:25:30 PM

@therealgoldbug1
#Bitcoin shorts are what might cause this market to squeeze into the mid 9k's.  Watch the pain to begin around 8925 if we get there.


https://twitter.com/therealgoldbug1/status/1217784372927049728?s=21



@DavidJNage
Bitcoin is a samurai sword forged from code available to use 24 hours a day, 7 days a week to battle global macro chaos.

Gold & Oil are butter knives that can only be used certain times of the day.
https://twitter.com/davidjnage/status/1217829588262440960?s=21
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January 16, 2020, 03:27:11 PM
Merited by LFC_Bitcoin (1)

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?

It ends between sub $100k and $200k+.

When the bubble popped it will go down with ten thousands of dollars, it will be a freaking shit show. Balls of steel will have a whole different meaning, atleast for the people who wants to sit out this bull/bear cycle.
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January 16, 2020, 03:28:53 PM


https://bitcointalk.org/index.php?topic=178336.msg53615001#msg53615001

7 pages of this photo and nobody saw the WO, just come to the girls. Cheesy


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January 16, 2020, 03:29:34 PM

Just spent an hour educating myself on Bitcoin entropy inspired by a r0ach post, haha. Picked up a couple gems from here anyway.
https://medium.com/the-bitcoin-times/bitcoins-eternal-struggle-2c197f1bafd8
I liked the argument that BTC is mostly informational however nonetheless physical which negates r0aches claim that it's imaginary.

That's the dumbest argument I've ever heard in my life.  There's no such thing as a physical Bitcoin.  Stop being bamboozled by charlatans trying to equate Bitcoin to something it isn't.  Bitcoin is 'cloud banking' - a virtual breadloaf in the cloud that never leaves 'the cloud'.  You claim to own a slice of it but you really don't because you're required to ask permission to a rent seeking middleman (transaction validator) to do anything with it.  It's not possible for anything to be decentralized unless you act as your own transaction validator, otherwise you're a peon child having your life controlled by a tyrannical government overlord or Jewish moneychanger.

I don't have to ask permission to anyone to do something with a silver coin in my hand.  This is why the only possible way you can actually solve 'decentralization' in Bitcoin is through unprofitable PoW where everyone acts as their own transaction validator.  There is then no incentive for a middleman structure to form who is your new ruler.  This is how PoW for email originally functioned - unprofitable - then scammers and retards altered it's function entirely to be profitable pretending it will still work the same.  But unprofitable PoW requires artificial convergence, making it 100% impossible to create a decentralized digital shitcoin.

Altering email PoW to be profitable turns it into nothing more than a compound interest system.  No work is actually being done in 'proof of work'.  You have hardware on cruise control autopilot while you sit back and collect interest, then use the money to buy even more miners collecting even more interest.  It's sort of designed to generate an unsustainable bubble then implode.  So PoW itself is literally a Ponzi scam because it acts as a compound interest system in reality, then the halvings are another Ponzi scam layered on top of that.  Bitcoin is designed from the ground up as a scam to increase then catastrophically implode.
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January 16, 2020, 03:38:19 PM

Good afternoon WO!
No Vegeta yet however observing @ $8,687.53

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January 16, 2020, 03:38:28 PM
Merited by Hueristic (1)

https://twitter.com/whalepanda/status/1022550208817889280?s=21

Old, but I did had a good laugh with this one  Cheesy
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what is this "brake pedal" you speak of?


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January 16, 2020, 03:51:42 PM

Can you guys please stop talking about completely irrational future gains?

You are spoiling all the fun... were it to occur. Which it won't. Probably. Just no.

and thats if we had any corn. which we dont, of course.

freakin boats *sigh*

shoulda bought a plane.
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January 16, 2020, 03:51:52 PM

FUD alert!

Anyone has anything better to say to this moron? If you are having a bad day then this is your chance 😉

The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY
Seriously! Other day I saw the same with just a different title.

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

What is your problem? Same video in another post:

... fake market instrument

Video version of the argument: https://youtu.be/aZzH1Js2l4k
WTF!

If you think your fiat is better than bitcoin then go and give your ass to the FED so that they can put a green dildo in your ass. Or you are getting paid by Ver, Craig and co to spread nonsense about Bitcoin. Get the fuck out of the forum you moron.
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January 16, 2020, 03:56:58 PM

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

There strongest marketing ploy seems to be to continue to have the word bitcoin in their name, and it could take a real god damned long time for public to wrap their minds around the idea... just think about how many dumb people there are in the world.  i am not trying to be denigrating, because, I consider myself as that kind of dumb, too.  If I recall correctly, it took me a week or so to wrap my mind around the idea of divisibility, and so often we believe what we are told, and I am guilty of the same (I am thinking in terms of how much I had been mislead about what should be a straightforward topic, nutrition.. ).  

Sometimes, once we "know" about a topic, we realize how dumb we had been about that topic, and sometimes it can take a real long time, and even really smart people can be really dumb about certain topics, and that is not denigrating, it is reality.

In sum, lots of potential for a lot of scam coins for a real long time, whether they have bitcoin in their name or they have other purported bitcoin 2.0 aspects contained within them, such as the purported powers of "programable money" etc... It is going to take a real long time to realize and recognize the value of actual bitcoin, in contrast to the variety of innovative snake oils that play upon the various ideas and memes of what makes bitcoin bitcoin.    Remember jbreher asserting dipshit stuff about the more bitcoin of bitcoins, and he was not even referring to bitcoin, so there is a lot of convincing bullshit artists out there spouting out ideas that sound right, but are ultimately misleading people into mal-investments.. and everyone has to choose for themselves which means a whole hell of a lot of a long time for value flowing to play out.

....... 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).......

Seems like a real erroneous way of thinking about these matters.

Who fucking cares if some coins share a transactional history with bitcoin?  It is nearly irrelevant.  It does not mean much if anything in terms of actual value.  We should have learned that, after the bcash fork.

Sure it took a while to figure out how the whole matter of the bcash fork played out, maybe even a year afterwards, but still by mid-to-late 2018 we already knew that bcash and any other forkening of bitcoin became an altcoin on its own or an attack vector towards BTC.. the market cap value of that project is apart and separate from bitcoin.. they are only attempting to play upon bitcoin for their perceived value... which is based on full phoney baloney...

In other words, unless the forkenings of bitcoin are able to attain consensus for bitcoin network effects to move over to their chain, they are nothing but an altcoin, and should not be considered as anything more than an altcoin, even if they have bitcoin in their name and even if they are mooching off of bitcoin's transactional history.
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January 16, 2020, 03:57:20 PM

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.

Well, sorry to hear that.
But he did manage to stand out that day that he spammed WO.
And that is amongst the already established Hall of Fame WO pets, like r0achie & gembitz.



Even gembitz doesn't deserve the extent of treatment he's received here.  I get the entertainment factor, I personally miss some of the quality trolling.    
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January 16, 2020, 03:59:21 PM

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?

I'd say it's 99.99% sure we'll see $100k BTC

Are you sure your body is ready? I mean how can you be ready for endless hookers & blow?  Grin
Preparation and practice is the key Wink
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January 16, 2020, 04:02:19 PM

Roachy your Nazi graffiti still needs some work bro




London, Tower Hill Tube station!
District Line Train.

Sorry, I miss the WO misterious location game.
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January 16, 2020, 04:09:52 PM
Merited by Paashaas (1)

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!

Hopefully the court is going to be tough on Craig, but I have my doubts.

Of course, Craig and his legal team is attempting to engage in kinds of delay tactics and even attempt to play some kind of confusing offer of proof, and it might NOT play out too well for Craig if the court realizes the level of his attempting to play the court system.. and they hopefully crack down on him..... but I am suspecting that they are going to be successful to delay.. not sure, but that is my tentative speculation about February 3.
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