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

[mindrust]

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

"The price of any commodity tends to gravitate toward the production cost." - Satoshi Nakomoto

Do you think production cost will drop significantly?

Electricity is not free, you know...

Read the earlier paragraph.


Most of them has effectively zero cost of mining.

Latecomers only sell because they panic (like me), it is the early adopters taking a dump on us.

We are betrayed.

Betrayed? What do you think they ever owed you?

Nothing. I guess I was dumb for over-investing.

I admit.

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[eddie13]

Our betryal by BTC here...

I am blaming it on the regulation shills that got us so tightly correlated with the stock market..

[goldkingcoiner]

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

"The price of any commodity tends to gravitate toward the production cost." - Satoshi Nakomoto

Do you think production cost will drop significantly?

Electricity is not free, you know...

Read the earlier paragraph.


Most of them has effectively zero cost of mining.

Latecomers only sell because they panic (like me), it is the early adopters taking a dump on us.

We are betrayed.

Betrayed? What do you think they ever owed you?

Nothing. I guess I was dumb for over-investing.

I admit.

The choice between liquidation and half of my coins was hard too. But don't worry friend. We will use the low price to get our coins back!

[Phil_S]

Read the earlier paragraph.

Most of them has effectively zero cost of mining.

Latecomers only sell because they panic (like me), it is the early adopters taking a dump on us.

We are betrayed.

Most of my stash is from 2011-2012, and I'm not selling at 4 digits. High 5 digits or nothing.

[El duderino_]

Our betryal by BTC here...

I am blaming it on the regulation shills that got us so tightly correlated with the stock market..

Betrayal by btc eeeeuhm why?

[Wekkel]

Regardless of all the emotional whining, last time I checked there is still no decentralised permissionless digital currency out there with the same potential and standing as Bitcoin. So it’s buying Bitcoin at (still) cheap prices to me, although the time frames may have shifted.

I can wait...

[Lambie Slayer]

https://twitter.com/mitchellvii/status/1239353403890962435

"The Spanish Flu of 1918, benchmark for global killer pandemics, infected just 1/3 of the US population. H1N1 infected 20%.

We are now seeing mortality models from "experts" using a 70-80% US infection baseline.

That, my friends, is #FearPorn bullsh*t."

[LFC_Bitcoin]

OK, I gave in. Just sent £8,000 to Coinbase & bought.

I obviously have a good sized corn stash but I now literally only have £2,000 worth of fiat in my entire list of banks & savings.

Effectively I am all in.


(Feeling guilty - the 2BTC were £7,700 combined so I had £300 left. I bought Litecoin with the £300 )

[OutOfMemory]

Read the earlier paragraph.

Most of them has effectively zero cost of mining.

Latecomers only sell because they panic (like me), it is the early adopters taking a dump on us.

We are betrayed.

Most of my stash is from 2011-2012, and I'm not selling at 4 digits. High 5 digits or nothing.

I started at $2.4k in 2017.
I'm not gonna sell below that. If ever.

EDIT: I mean i will not sell above $2.4k while going down, too.

[eddie13]

Our betryal by BTC here...

I am blaming it on the regulation shills that got us so tightly correlated with the stock market..

Betrayal by btc eeeeuhm why?

Ummmm really?

Because maybe BTC is supposed to pump upon massive fiat money printing and stock market crashes, and not dump like it has done....

This is the opposite of what BTC is supposed to do in times like these, and the only reason I can see is that institutional investors are dumping BTC to create liquidity..  

[lightfoot]

I love getting up, grabbing a shot of meth, and taking a look into the WO. Gives me a good sense of people's thoughts before I start the day.

Now on to checking old bitcoin's price: Is it back over 10k yet?

HOLY FUCK WE'RE ALL GOING TO DIE!!!!!

What's next on the agenda?

[LFC_Bitcoin]

What's next on the agenda?

Mass Suicide!

[Indymoney]

I love getting up, grabbing a shot of meth, and taking a look into the WO. Gives me a good sense of people's thoughts before I start the day.

Now on to checking old bitcoin's price: Is it back over 10k yet?

HOLY FUCK WE'RE ALL GOING TO DIE!!!!!

What's next on the agenda?

I have some on 5350$ as I was expecting this could be bottom but now feeling bad its going more down and can go more for more gas.

[lightfoot]

This is the opposite of what BTC is supposed to do in times like these, and the only reason I can see is that institutional investors are dumping BTC to create liquidity..  

Contradictions, by their nature, do not exist.
If you find yourself facing a contradiction
Check your premises
You will find one of them is wrong.

In this case everyone is freaking out that they won't be able to cover their grocery bill, mortgage, payment to mistress, or whatever and are thus grabbing money from anything they can. Some are raiding their stashes of gold/bitcoin/slaves/etc to raise money, think of it as another run on toilet paper.

This happened in 2008, same exact story. It's just happening quicker now because everyone believes that they can be the first to the exit in this theater fire.

It will probably settle out at some point. Put your thermal blanket on and enjoy the show....

[eddie13]

Mass Suicide!

Suicide via beer isn't working..

[lightfoot]

What's next on the agenda?

Mass Suicide!

I want in! Suicide pact!!!!!

[rpietila]

72 hours old:

https://val-media.net/video/48/the-corona-solution?channelName=5e6b9404a4da1

[Lambie Slayer]

I have to give credit where it is due. To all the people who preached doom, constantly posted every death and eatery closing, and posted scary speculative articles etc., it worked. Well played sirs, well played.  

A few thousand deaths and fear spreaders here and around the world managed to crash virtually every asset on Earth accept for fiat.

I suppose you could all be right but in that case we will all be dead before you can brag about it, so Im giving you guys your props now before the virus strikes me down.

No digital wallets in the grave so dont worry about price guys, you are all gonna die after your third reinfection Im told anyway.  

[eddie13]

Contradictions, by their nature, do not exist.
If you find yourself facing a contradiction
Check your premises
You will find one of them is wrong.

Yep..
This contradicts my premise about Bitcoin..

On January 3, 2009 the first event on the Bitcoin block chain occurred.  Its founder placed an important notation indicating the intent behind what he had just created.  The London Times ran a cover story entitled “Chancellor on Brink of Second Bailout for Banks”. This title was quoted and embedded into the very first transaction ever to be included in the new Bitcoin block chain, by Satoshi Nakamoto.  The block containing this transaction was called The Genesis Block.
https://www.thetimes03jan2009.com/

So basically.. BTC has been taken over by the mainstream that is dumping for a bailout..
BTC is not performing well where it should, because it has been hijacked by regulation shills..

[Lambie Slayer]

OK, I gave in. Just sent £8,000 to Coinbase & bought.

I obviously have a good sized corn stash but I now literally only have £2,000 worth of fiat in my entire list of banks & savings.

Effectively I am all in.


(Feeling guilty - the 2BTC were £7,700 combined so I had £300 left. I bought Litecoin with the £300 )

+20, Im out of merits. Proud of you bro, balls of steel while the world shits its collective pants. They will regret selling to you at these prices before long.