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

[Cryptotourist]

@Ibian you got to take it down a notch, and get laid sailor!
Give that pickle some quality time, maybe then you'll stop being so pessimistic.

[Cryptotourist]

Some did HODL, some did HODL through a long and ruff period, some kept HODLing because of believe and future wealth to enjoy etc

Those wanna be able to do so somewhere in the in between

 

I'll fix the drinks, you just give me that fucking joint.

[psycodad]

Zoom out and look at the big picture: 3600 were on board, 6 of them died.

A cruise ship is a true incubator/hotbed for any virus, just check the number of cruise ships quarantined for norovirus outbreaks every year.

Cruise ships are basically floating retirement homes (2/3 of passengers are >40).

[LFC_Bitcoin]

Source: Some random Facebook account - Leonor Dias

[Paashaas]

Source: Some random Facebook account - Leonor Dias

This guy Leonor must be one of those idiots who believes it is just the flu. I can tell you already this virus will not kill us all.

[LFC_Bitcoin]

Source: Some random Facebook account - Leonor Dias

This guy Leonor must be one of those idiots who believes it is just the flu. I can tell you already this virus will not kill us all.

I survived a drunk driver hitting my car at 60 mph, over 100 stitches in my head, broken pelvis, broken ankle, broken ribs, in ICU for a week. No way is this taking me down 

[Ibian]

Basic issue with people who don't take it serious is that people just don't understand exponential growth. Which is really weird to see among a collection of bitcoiners.

[sirazimuth]

~snip~ (Lots of things that are going to kill us)

No worries mate.
Just pray to your preferred flavor magic sky fairy and bingo!
You have everlasting life ( and maybe even 7 virgins on the side or some such thing....)

[Cryptotourist]

Basic issue with people who don't take it serious is that people just don't understand exponential growth. Which is really weird to see among a collection of bitcoiners.

In all due seriousness:

Daily Survival Checklist - by Cryptotourist:
 
- Did you have any kind of sex today?
- Did you smile today?
- Did you accumulate any corn today?
- Are your females in shape as always?
- Is it going to be sunny tomorrow?
- Did you make any progress - over anything - what_so_ever?
- Do you have booze n food?
- Why didn't you have sex?

Shoot. Still in one piece. That was close today.
Lucky to be alive.

Music:
100 WO Hatters

[Phil_S]

We might even reach $3800 with such craziness. Hard to believe, I know.

I might get a nose bleed travelling to such heights.

How time flies!

[BTCMILLIONAIRE]

The problem is that they are the majority. It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.

They don't have "negative" value under the pareto distribution. They just produce much less. All it says is that 20% of any collection of inputs is responsible for 80% of all the outputs of the system.

Basically, 20% of the people bother picking up a skill or hobby and then create 80% of the resulting products of that endeavour in the world.


Nothing about pareto states that there's any damage or 'negative value' by itself.
However, you could argue that out of that group of people that is dead set on destroying things, 20% would be responsible for 80% of the total destruction. That's about as far as it goes though.

[Ibian]

The problem is that they are the majority. It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.

They don't have "negative" value under the pareto distribution. They just produce much less. All it says is that 20% of any collection of inputs is responsible for 80% of all the outputs of the system.

Basically, 20% of the people bother picking up a skill or hobby and then create 80% of the resulting products of that endeavour in the world.


Nothing about pareto states that there's any damage or 'negative value' by itself.
However, you could argue that out of that group of people that is dead set on destroying things, 20% would be responsible for 80% of the total destruction. That's about as far as it goes though.

You don't think there is such a thing as people with a negative value? Murderers? Stalin, Hitler, the common banker? Really? ALL humans have a positive value? Even the homeless who deliberately rape and spread aids and smear shit on your car?

[Lambie Slayer]

I think it's time we called in the real Guardians. These fakes are toast.

They really do think they are superheros. Always talking about ammunition, toolboxes, tool belts and tool kits.   I suppose to elites looking for easy money they are heroes.

[BTCMILLIONAIRE]

It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.

It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

The ultimate driver behind any culture is the people who live in it. People today are objectively worse than in most of history. It's not just the boomers, we are all affected by whatever environment we happen to live in. Things are going to get worse as a result. How much worse, who knows, but worse.

Well, things have objectively been getting better. The idiots just have a louder voice these days.

There isn't a single significant problem around today that I'm aware of which couldn't be solved relatively quickly.

I also see no evidence of things getting worse as a whole, although idiots have swarmed academia thanks to government. At the end of the day that just means cheaper labour for real scientists though.

[BTCMILLIONAIRE]

The problem is that they are the majority. It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.

They don't have "negative" value under the pareto distribution. They just produce much less. All it says is that 20% of any collection of inputs is responsible for 80% of all the outputs of the system.

Basically, 20% of the people bother picking up a skill or hobby and then create 80% of the resulting products of that endeavour in the world.


Nothing about pareto states that there's any damage or 'negative value' by itself.
However, you could argue that out of that group of people that is dead set on destroying things, 20% would be responsible for 80% of the total destruction. That's about as far as it goes though.

You don't think there is such a thing as people with a negative value? Murderers? Stalin, Hitler, the common banker? Really? ALL humans have a positive value? Even the homeless who deliberately rape and spread aids and smear shit on your car?

There's a good number of people that should be lined up and seen off.

I am saying that according to pareto "20% of all people that do negative things do 80% of the negative things". That doesn't mean that 20% of the population is bad/evil/negative, but that out of the total amount of 'negative' people within a population 20% of them do 80% of the negative things that define their "negativity".

And most people are too busy living their lives and being irrelevant to the overall course of humanity to do evil, hence fueling progress indirectly by being employed or by consuming.

[Ibian]

It's not a pendulum, it's a cycle. It can't restart before it has either completed or a specific type of event happens that resets it. The "pendulum" does not simply stop at the halfway point and then go in the other direction.

It kind of does. It swings one way until it can't anymore, gradually slows down to zero, reverses its direction and repeats the same action but mirrored, then it resets and begins a new cycle.

The ultimate driver behind any culture is the people who live in it. People today are objectively worse than in most of history. It's not just the boomers, we are all affected by whatever environment we happen to live in. Things are going to get worse as a result. How much worse, who knows, but worse.

Well, things have objectively been getting better. The idiots just have a louder voice these days.

Things have been getting better because of the efforts of our ancestors. Then their kids, the boomers took over. And now boomers are all we have left at the top. That's why things are failing.

Big systems can take a long time to fail. But when they do it's a process that can't be stopped. And then people look back and wonder, what went wrong? Why didn't anyone see it coming? Why did nobody do anything? Well it's because the parents of the boomers are dead that nobody did anything. Nobody could.

There isn't a single significant problem around today that I'm aware of which couldn't be solved relatively quickly.

Solve for communism.

In my country we pay at least 80% in taxes. In england the police are telling people to check their thinking for posts on facebook and twitter. We are almost there. How do you stop this?

I also see no evidence of things getting worse as a whole, although idiots have swarmed academia thanks to government. At the end of the day that just means cheaper labour for real scientists though.

Academia is where the next generation of politicians and leaders of whatever stripes are made. This is not a minor thing, but in fact one of the biggest problems we have in the west today.

[Ibian]

The problem is that they are the majority. It's the pareto principle, as the number of people increase the number of people with positive value increases linearly, and the number of people with negative value increases exponentially.

They don't have "negative" value under the pareto distribution. They just produce much less. All it says is that 20% of any collection of inputs is responsible for 80% of all the outputs of the system.

Basically, 20% of the people bother picking up a skill or hobby and then create 80% of the resulting products of that endeavour in the world.


Nothing about pareto states that there's any damage or 'negative value' by itself.
However, you could argue that out of that group of people that is dead set on destroying things, 20% would be responsible for 80% of the total destruction. That's about as far as it goes though.

You don't think there is such a thing as people with a negative value? Murderers? Stalin, Hitler, the common banker? Really? ALL humans have a positive value? Even the homeless who deliberately rape and spread aids and smear shit on your car?

There's a good number of people that should be lined up and seen off.

I am saying that according to pareto "20% of all people that do negative things do 80% of the negative things". That doesn't mean that 20% of the population is bad/evil/negative, but that out of the total amount of 'negative' people within a population 20% of them do 80% of the negative things that define their "negativity".

And most people are too busy living their lives and being irrelevant to the overall course of humanity to do evil, hence fueling progress indirectly by being employed or by consuming.

The pareto principle is about distribution. In the case of contribution, human value specifically in this case, that value can be negative.

[jojo69]

https://twitter.com/cryptokanoon/status/1235071440942059521?s=20

cheeky-looking sods all of them god bless

they do rather have that post-boss-fight glow about them

[LUCKMCFLY]

Great article, it is surprising how the stock-to-flow model has so many adaptations, in my time at the U, game theory was a very complicated matter, but with excellent applications.

The Hodler’s Game — Game Theory applied to Bitcoin’s pricing

Hodlers tend to accumulate during low volatility periods and to sell during incurring price spikes, while Opportunists take the other side of the trade and kick-start the volatility when they enter the market

Source: https://medium.com/coinmonks/the-hodlers-game-a-summary-83ea4bac22d9

[AlcoHoDL]

Basic issue with people who don't take it serious is that people just don't understand exponential growth. Which is really weird to see among a collection of bitcoiners.

Just to add to Ibian's comment, I did a quick MATLAB graph, just for the lulz.