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

[LFC_Bitcoin]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

[bitserve]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

I have seen people LITERALLY wipe out (FIAT) millions in a short amount of time. And we all know Searing inclination for play girls


P.S.: I seem to recall some post about how jbreher lost *15,000BTC* on a bad investment in the past. There's that as a great example.

[JayJuanGee]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

Since it seems to be becoming a sin (or a crime) to be "observant" - even in this thread.

I was thinking about ordering one of these kits, just for funzies:

[LFC_Bitcoin]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

Definitely agree with all this.
Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?

[jojo69]

I think I might be racist.

China is an incubator for everything bad; disease, pollution, and totalitarian methodology.

Their sheeplike, give-a-fuck attitude has become a hazard to all civilization.

Their "divergent cultural mores" around truthtelling are repugnant.

There, I said it.

[vapourminer]

ive never panic sold btc but, like you, ive sorta "panic bought" things, which is basically the same. of course in 2011-2013 or so there was a lot less confidence in btc so the ability to turn majick internetz money into real stuff was an easy sell.

ive looked up my prev mining addys when i gpu mined btc as i wanted to sign messages saying those addys were mine for various purposes if needed. cringworthy is an understatement as to the amount btc that i mined. ive got a small fraction left, and thats all that matters. its a win in my book. no regerts.

TL;DR: HODL is the best stratagy.

I guess you and Searing share the factor that you were earning some of your income in BTC rather than in fiat, so one thing that puts any BTC earner in the lead of a fiat earner is that s/he is forced to consider his/her HODL strategy ... or allocation regarding what is the ratio of BTC to fiat.   So, there is an implied knowledge of BTC, and a likely conscious measure regarding how much of that value needs to be treated like a longer term investment versus used for daily living expenses.

it is a different mindset. i had a strategy for mining that worked for my situation as far as how much was long term vs play btc. but also consider at that time i wasnt in in for the long term value that may or may not moon/crater at any moment. it was for fun and belief in the tech. i wanted to use it. not just collect it.

i still have that respect of course. but with the 50 thousand percent increase in value (or whatever it is) now greed factors in

[bitserve]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

Definitely agree with all this.
Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?

Yep. I know I have said in the past that I was a "double digit" BTC hodler but:

1) I could have been lying or misrepresenting reality.

2) That was in the past. That could have changed already.

3) Maybe I can not access my stash anymore. Haven't tried lately to be honest so maybe that is true even if i don't know it!

4) Even if it is still the case, that could substantially change soon if I decide to sell some. Or maybe I already did? Who the fucking knows.

SCHRODINGER STASH!

[JayJuanGee]

ive never panic sold btc but, like you, ive sorta "panic bought" things, which is basically the same. of course in 2011-2013 or so there was a lot less confidence in btc so the ability to turn majick internetz money into real stuff was an easy sell.

ive looked up my prev mining addys when i gpu mined btc as i wanted to sign messages saying those addys were mine for various purposes if needed. cringworthy is an understatement as to the amount btc that i mined. ive got a small fraction left, and thats all that matters. its a win in my book. no regerts.

TL;DR: HODL is the best stratagy.

I guess you and Searing share the factor that you were earning some of your income in BTC rather than in fiat, so one thing that puts any BTC earner in the lead of a fiat earner is that s/he is forced to consider his/her HODL strategy ... or allocation regarding what is the ratio of BTC to fiat.   So, there is an implied knowledge of BTC, and a likely conscious measure regarding how much of that value needs to be treated like a longer term investment versus used for daily living expenses.

it is a different mindset. i had a strategy for mining that worked for my situation as far as how much was long term vs play btc. but also consider at that time i wasnt in in for the long term value that may or may not moon/crater at any moment. it was for fun and belief in the tech. i wanted to use it. not just collect it.

i still have that respect of course. but with the 50 thousand percent increase in value (or whatever it is) now greed factors in

I get that too.

There can be a certain amount of nerdiness in early adopter-ness of BTC... and that nerdiness can attract some folks to gravitate into shitcoins way more than the shitcoins deserve because there seems to be a lot of potential innovation that is confusing regarding the value contribution potentials - without realizing that there is also a lot of innovation going on with bitcoin, too, even while there might be more nerdy stuff going on with a number of the shitcoins, including the fact that some guys could get into shitcoins and learn all aspects of the coin, which might be a lot harder to do in bitcoin, even in terms of getting any of your ideas heard in bitcoin when there seem to be so many really smart people who might already be working on ideas that you thought that you had in regard to some potential bitcoin innovation. 

But, yeah, mindset could change significantly with some people who might have bought into BTC early or played around with the tech early, and then kind of forgot about their dust wallets (that currently have a lot of value), and sure some early nerds likely had purposefully cleared the various dust from their wallets, including making some (now seemingly) dumb purchases with their dust wallets - but geez the value had gone up...

And, on the other side of that coin, there continue to be a lot of people who tell stories that fall into a kind of common theme about thinking that they understand bitcoin because they had heard the word several times but then later they realize that they did not know shit because they were too willing to lump bitcoin into a kind of category that ended up being inaccurate.. even old-timer bitcoiners can be a bit guilty of that (including yours truly, even though I hate to think of myself as an old timer when my bitcoin (mind-kinda-blown) starting point is in the late 2013/early 2014 arena).

[JayJuanGee]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

Definitely agree with all this.
Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?

Yep. I know I have said in the past that I was a "double digit" BTC hodler but:

1) I could have been lying or misrepresenting reality.

2) That was in the past. That could have changed already.

3) Maybe I can not access my stash anymore. Haven't tried lately to be honest so maybe that is true even if i don't know it!

4) Even if it is still the case, that could substantially change soon if I decide to sell some. Or maybe I already did? Who the fucking knows.

SCHRODINGER STASH!

I may or may not have been stacking thousands of satoshis.. or even six-digits satoshis,  you fucks!!!!!   

[LUCKMCFLY]

Information of interest.

Clark Moody Bitcoin Dashboard https://bitcoin.clarkmoody.com/dashboard/

Source: https://twitter.com/ChartsBtc/status/1221825736593424385
            https://bitcoin.clarkmoody.com/dashboard/

[bitserve]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

Definitely agree with all this.
Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?

Yep. I know I have said in the past that I was a "double digit" BTC hodler but:

1) I could have been lying or misrepresenting reality.

2) That was in the past. That could have changed already.

3) Maybe I can not access my stash anymore. Haven't tried lately to be honest so maybe that is true even if i don't know it!

4) Even if it is still the case, that could substantially change soon if I decide to sell some. Or maybe I already did? Who the fucking knows.

SCHRODINGER STASH!

I may or may not have been stacking thousands of satoshis.. or even six-digits satoshis,  you fucks!!!!!  

You can't fool anyone. You are also a two digits schrodinger stash hodler. Maybe two digits satoshis though.

[Elwar]

Interesting if not exactly full of details...
https://cointelegraph.com/news/new-research-shows-bitcoin-denominated-payments-still-a-fantasy

Transaction fees could play a part in this. The change returning to the sender in a transaction usually has a higher precision due to the need to subtract the fee, which is calculated in satoshis per byte.

The report highlights this as a possible privacy improvement. As the amount of high-precision transactions increases, it becomes more difficult to understand which part is the actual money sent, and which is the change.

This frustrates me as my support for Bitcoin is as a currency, not as some sort of replacement for gold to be exchanged and used for long term savings. The plan was to replace fiat...not just exchange value in fiat.

I have not seen anything to get my hopes up on this at all. When BitPay turned into BitCashPay we lost a major advance toward using Bitcoin as a currency. I have learned that BTCPay is a great solution for this but most companies just want to sign up for a service and have money deposited in their bank accounts.

I have had to move from paying my hosting services in bitcoin to dusting off the old credit card.

Years ago I started work on a cheap, simple device to put in a retail store so they can easily accept bitcoin without having any knowledge of bitcoin. Now I feel like if I were to approach a business owner they would start talking to me about "crypto" and shitcoins and get lost in the speculation of it all...finally passing on plugging in my device.

Oh well, maybe another ETF to make the price in fiat go higher...

yay

[gentlemand]

I think I might be racist.

China is an incubator for everything bad; disease, pollution, and totalitarian methodology.

Their sheeplike, give-a-fuck attitude has become a hazard to all civilization.

Their "divergent cultural mores" around truthtelling are repugnant.

There, I said it.

And they'll say equally uncomplimentary things about white devils, but if we sit down and start talking like individuals we'll find we're all rather lovely and not responsible for the gross societies we find ourselves marooned in. The chicks are mental though.

And don't order the tortured bat if they invite you out.

[bitserve]

Interesting if not exactly full of details...
https://cointelegraph.com/news/new-research-shows-bitcoin-denominated-payments-still-a-fantasy

Transaction fees could play a part in this. The change returning to the sender in a transaction usually has a higher precision due to the need to subtract the fee, which is calculated in satoshis per byte.

The report highlights this as a possible privacy improvement. As the amount of high-precision transactions increases, it becomes more difficult to understand which part is the actual money sent, and which is the change.

This frustrates me as my support for Bitcoin is as a currency, not as some sort of replacement for gold to be exchanged and used for long term savings. The plan was to replace fiat...not just exchange value in fiat.

I have not seen anything to get my hopes up on this at all. When BitPay turned into BitCashPay we lost a major advance toward using Bitcoin as a currency. I have learned that BTCPay is a great solution for this but most companies just want to sign up for a service and have money deposited in their bank accounts.

I have had to move from paying my hosting services in bitcoin to dusting off the old credit card.

Years ago I started work on a cheap, simple device to put in a retail store so they can easily accept bitcoin without having any knowledge of bitcoin. Now I feel like if I were to approach a business owner they would start talking to me about "crypto" and shitcoins and get lost in the speculation of it all...finally passing on plugging in my device.

Oh well, maybe another ETF to make the price in fiat go higher...

yay

Yet you have already handsomely profited from the SoV and appreciation due to scarcity qualities of BTC?

I mean... Bitcoin is working as intended... If there wasn't an intrinsic value to it (including speculation/appreciation) why would it hold any value as a currency? How would it be different than just "numbers" in a bank account referring to some FIAT debt waiting to be repaid by another person?

It all goes to the hand to me. It just needs to hold some value to a more widespread public and it will end being a better means for payment. Not the other way around.

Also, mainstream adoption needs more time... and if it that adoption is led by greed... well, that is a great motivator I think. So just let it be.

[Elwar]

Interesting if not exactly full of details...
https://cointelegraph.com/news/new-research-shows-bitcoin-denominated-payments-still-a-fantasy

Transaction fees could play a part in this. The change returning to the sender in a transaction usually has a higher precision due to the need to subtract the fee, which is calculated in satoshis per byte.

The report highlights this as a possible privacy improvement. As the amount of high-precision transactions increases, it becomes more difficult to understand which part is the actual money sent, and which is the change.

This frustrates me as my support for Bitcoin is as a currency, not as some sort of replacement for gold to be exchanged and used for long term savings. The plan was to replace fiat...not just exchange value in fiat.

I have not seen anything to get my hopes up on this at all. When BitPay turned into BitCashPay we lost a major advance toward using Bitcoin as a currency. I have learned that BTCPay is a great solution for this but most companies just want to sign up for a service and have money deposited in their bank accounts.

I have had to move from paying my hosting services in bitcoin to dusting off the old credit card.

Years ago I started work on a cheap, simple device to put in a retail store so they can easily accept bitcoin without having any knowledge of bitcoin. Now I feel like if I were to approach a business owner they would start talking to me about "crypto" and shitcoins and get lost in the speculation of it all...finally passing on plugging in my device.

Oh well, maybe another ETF to make the price in fiat go higher...

yay

Yet you have already handsomely profited from the SoV and appreciation due to scarcity qualities of BTC?

I mean... Bitcoin is working as intended... If there wasn't an intrinsic value to it (including speculation/appreciation) why would it hold any value as a currency? How would it be different than just "numbers" in a bank account referring to some FIAT debt waiting to be repaid by another person?

It all goes to the hand to me. It just needs to hold some value to a more widespread public and it will end being a better means for payment. Not the other way around.

Also, mainstream adoption needs more time... and if it that adoption is led by greed... well, that is a great motivator I think. So just let it be.

It has intrinsic value but part of that value is that it has the potential to replace currencies. They actually call it a cryptocurrency...so maybe it should be used as one.

The trend has not been toward more uses in spending but less. I have to agree with Mark Cuban on this one...if you can't use it other than just speculating on it, then what's the point? Just speculate on any number of other things with limited amounts.

My hope has always been that it will replace the dollar. Without the dollar, the US cannot print money out of nowhere to fund its endless wars.

[mindrust]

Whoever here hodls more than 50btc and can still hold, I pay him my respects.

You are doing god's work. 

[Globb0]

I don't know what monero has to do with this area of discussion.

Regarding bitcoin, there have always been discussions of various hype waves and trying to figure out at what point in a hype wave cycle we might be, and sure the more four year patterns, the more we can see if bitcoin ends up hyping in four year cycles or if it is meaningful to put it into such timeframe expectations.

With any expectation, it would be far from certain regarding either degree or even the timeline....

I doubt that it is accurate to put shitcoins into the same pattern as bitcoin, and maybe that would have been why you are projecting a bit of a different timeframe for monero, or to assert that you had anticipated a higher price at an earlier time with monero... yet in any event, seems that a lot of the shitcoins, including monero, have been depending largely upon bitcoin for their hype so end up getting caught up in bitcoin's cycle, somewhat... but still why the fuck we want to assert some kind of meaning or attention to monero?  Having trouble with your connection, except maybe your saying that you bought some of it and maybe even making some kind of reference to its lack luster performance in recent times? 

Again,,,, connection?

Maybe you are just a massive cock unable to understand synergies and relationships. For me, Monero has stretched out from expectations. Your friends are saying the same about bitcoin. I related. Maybe we all need to adjust.

No need to be a loser and attack me. If you want fuck fuck your mum



I see you guys also re adjusting your expectations.

I wish only good things for bitcoin people.

So, you are turning into a Monero shill in this bitcoin thread?  Is that the point that you are trying to make?

I was merely trying to ask you what the fuck connection monero has with this bitcoin thread, and you are reading my inquiry as if it were some kind of personal attack?  It is not a personal attack.  I was merely trying to figure out the connection, and you largely admitted that there was not any kind of meaningful connection except perhaps your desire to name drop some monero into king daddy's thread.   

Haha turning into, the forums best ever kept secret I like Monero  (see hat)   lol

My colours are out there, I live and die by the price of BTC no lie.

The point I made was we also had expectations on time frame which have lengthened, you may not be alone. Maybe for me its even part of that dependency. Hmm I didn't even think like that. You probably flashed the answer out of my mind right there. Thanks.

Lets hope things don't stretch out too much, like all the other long boring times?  

if its scaling up periodically? maybe we missed a scaling out?

[Globb0]

... hodl ponzi btc shills...

... btcPonziHodlers ...

Ponzi?

https://www.youtube.com/watch?v=7u4F8cpzqao&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=28&t=0s

Sure, that was 2013 and without the - justHodl, SoV is only left over from the original idea and Satoshi White Paper.


Now btc IS just more Ponzi than ever, thx to kicking out all the business (remember the 2x UASF shit show?)


Im happy BSV - Bitcoin is back on track

Make a BSV-wall Observer thread and please get lost in there ..... we can perfectly be functional whiteout you in here

Be gone be silent, leave BTC out of your writing and focus creating a thread for “your kind of people”

You know that this thread was created by Adam, one of the sanest thinkers here in the forum?

He was against Segwit and kinda complimented away...

Rename it to segwitcoin wall observer or start a new .

GTFO

[JayJuanGee]

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

Definitely agree with all this.
Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?

Yep. I know I have said in the past that I was a "double digit" BTC hodler but:

1) I could have been lying or misrepresenting reality.

2) That was in the past. That could have changed already.

3) Maybe I can not access my stash anymore. Haven't tried lately to be honest so maybe that is true even if i don't know it!

4) Even if it is still the case, that could substantially change soon if I decide to sell some. Or maybe I already did? Who the fucking knows.

SCHRODINGER STASH!

I may or may not have been stacking thousands of satoshis.. or even six-digits satoshis,  you fucks!!!!!  

You can't fool anyone. You are also a two digits schrodinger stash hodler. Maybe two digits satoshis though.

Hey... I know that we shouldn't be advocating trading of satoshis, but some of us have to serve as examples regarding how one might start "swing trading" with a BIGGER stash than they ended up with........ .. value your wealth in satoshis... NOT dollars.    

Some day, I might even figure out how to use the lightning network in which it has been shown that you can transmit low numbers of satoshis and have fees that involve sub satoshis.  I believe as small as 1/1,000-th of a satoshi.  

In the future, there may be some peeps (maybe roach's grandchildren (to the extent that someone like him could be hypothetically fertile) and some other bitcoin naysayers) who are going to be fighting to get their lil greedy goldbug hands on sub-satoshis - and buying those sub-satoshis with their gold bars from out of great-grandmas basement.  

[jojo69]

And they'll say equally uncomplimentary things about white devils, but if we sit down and start talking like individuals we'll find we're all rather lovely and not responsible for the gross societies we find ourselves marooned in. The chicks are mental though.

Of course I know all that on a cognitive, intellectual level.  It is the emotional, visceral level I am having trouble with.

At least I'm not sitting here saying "I'm not racist but".