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

[VB1001]

https://twitter.com/Bitcoin/status/1261428918642520065

J.K. Rowling: “I don’t understand bitcoin. Please explain it to me.”

https://www.reddit.com/r/Bitcoin/comments/gke8hl/jk_rowling_i_dont_understand_bitcoin_please/

[JayJuanGee]

What is your tip for knowing when the market has achieved a superexponential blow off top?

last bull run it was this special moment: you check the price when you leave home to get to your job head for the bathroom. you check it again when arriving at work leaving the bathroom. you made more money commuting to work that day taking a dump than you usually make in 12 months of regular work.

FTFY

That's pure fiction, vapourminer.  Have you ever heard of any BTC HODLer, in real life, who would actually take a dump without checking the BTC price?

Get real!!!!   

you have a lot of faith in my ability to do two things at once. i tried that. the result was sub optimal and my new phone is waterproof.

but really, until phones can go through autoclaves i can wait it out.

Totally, fair enough.

I will pray for you (even though I am not religious)

[JayJuanGee]

This time I was 100% sure about the drop if we reach 9900s. I even asked how to claim my forks so I can sell all I have. But not had the balls... Now we going down to hell... Could have been the chance to double the coins. But now it's too Late, dont have the balls to sell now too, even though I am sure we go sub 8k or more

Even though you might be "sure" about something, that hardly means very much in terms of what honey badger is going to actually do.

As I said, I am sure. For me. Does not mean it really will happen. But I watch all these pumps and dumps for 6+ years now and you start to get a feel for it. I tried trading once in 2016, lost 0.4 coins and never did again. But this time I was really sure that it will drop from 9900s. We see this pattern for weeks.

Fair enough.

One of the tricks would be to stay consistent with the passage of time with what you "see", so surely if you can continue to see and don't get totally reckt at some point, then you might be onto something with your visions based upon experiential feelings.   Good luck with that.    You will likely need it.

Yeah based on my gut. Thats why I dont had the balls. I never had good luck with "quick cash" things. Thats why I am in hold mode for 6+ years. And will continue. But if we ever reach 50k, I cash out maybe 20-50% of the holdings and start enjoying life a bit  

Yeah, but what if we never reach $50k?  You are not going to be able to figure out a way to enjoy life with less than 5x performance from here?

Also, if you have been HODL-mode for 6+ years, then you have a similar start time as me, and surely you have had opportunities to accumulate BTC.

I understand that any of us can make mistakes in BTC and maybe NOT accumulated enough, but even if we had DCA'd at $25 per week for 5 years, we would have around 10BTC,

We can see that in the dollar cost averaging (DCA) charts.

And sure some people maybe have accumulated more BTC than the 10 BTC or so and some may have accumulated less, but if we do not believe that we have enough BTC based on what we had done in the past, then we just continue with DCA - whether BTC reaches $50k or it falls short of that price, we should be able to figure out some kind of plan to profit from BTC without having to rely on visions of down and perhaps engage in silly acts that might end up in either not buying BTC on a regular basis or maybe even selling BTC and hoping to buy lower, which would also seem to be risky rather than just continuing to DCA and perhaps buy on price dips from time to time.

By the way, a large number of investors have to spend 30 or more years to build up a decently sized amount of principle, so I am not sure how long you had been investing prior to bitcoin, but even 6 years of investing would be a very short time period to be expecting to just retire or whatever you are thinking, so I don't really see any problem if an investment plan might take longer, even if you have decent amounts of your investment allocations in bitcoin.

[fillippone]

https://twitter.com/jk_rowling/status/1261351775698694147

If anyone of your friends, relatives or someone on the interwebs asks you about bitcoin in that kind of way, then wouldn't it be incumbent upon you to attempt to get them to elaborate on what they know about bitcoin or what they have heard in order that you have some kind of starting point for your response?

Easy!
My answer would be:
“I know a bloke over the Internet who wrote a good sumup to explain it to anyone!”
5 Resources to teach Average Joe about Bitcoin

Sorry for the auto-promotion...

Best answer so far:

You might be more interested in Grin; it was designed by Tom Elvis Jedusor, implemented by Ignotus Peverell, and leverages MimbleWimble. 😉

*ducks*

https://twitter.com/lopp/status/1261374657581596672?s=21

[El duderino_]

I would like a weekend pump ....

Now

Early #HODLsleep

When $10,000 Dude?

Today ........

[alevlaslo]

[alevlaslo]

[Cryptotourist]

I will pray for you (even though I am not religious)

rooting and hashing,
bash-tweak-delete then reboot,
sparky lil JayJay. #haiku

[HairyMaclairy]

[LUCKMCFLY]

This sounds very good ...

Post-Halving Reality: 17% Of Miner Revenue is Coming From Fees

many of the mining industry insiders believe that the drop in hashrate is a bullish sign for Bitcoin as it will make the remaining miners more profitable.

Source: https://cointelegraph.com/news/post-halving-reality-17-of-miner-revenue-is-coming-from-fees

[Last of the V8s]

People are now explaining J K Rowling to me, and honestly, it's blah blah blah wizards (Gandalf?) blah blah blah books (got enough of those) blah blah blah magic (sounds creepy) blah blah blah generation growing up with the fictional children (again creepy).

[HairyMaclairy]

Yeah, but what if we never reach $50k?

YOU SHUT YOUR FILTHY WHORE MOUTH, WORDYMAN !

That sort of talk is STRENG VERBOTEN here.

At that point we might just gap past it

[Wekkel]

More of this again?

TLDR version?

Bitcoin goes up. Armstrong is a fake artist.

[Globb0]

It is very positive that some celebrities are interested in Bitcoin, it may produce market attraction in many.

Harry Potter Author J.K. Rowling Asks: Please Explain Bitcoin To Me



Source: https://www.newsbtc.com/2020/05/15/harry-potter-author-j-k-rowling-asks-please-explain-bitcoin-to-me/

https://twitter.com/jk_rowling/status/1261396891784413185

"People are now explaining Bitcoin to me, and honestly, it’s blah blah blah collectibles (My Little Pony?) blah blah blah computers (got one of those) blah blah blah crypto (sounds creepy) blah blah blah understand the risk (I don’t, though.)"

Unbelievably short sighted person

and unbelievably rude when she herself asked the question and people kindly took the time to answer her

[gentlemand]

18th time's a charm.

Listen, if it's not taken seriously enough he's going to hold his breath until he passes out.

Do you want that on your conscience?

[HairyMaclairy]

anyone with 10BTC is a sat billionaire

[El duderino_]

Yeah, but what if we never reach $50k?

YOU SHUT YOUR FILTHY WHORE MOUTH, WORDYMAN !

That sort of talk is STRENG VERBOTEN VERBODEN here.

Little help there

[El duderino_]

Yeah, but what if we never reach $50k?

YOU SHUT YOUR FILTHY WHORE MOUTH, WORDYMAN !

That sort of talk is STRENG VERBOTEN here.

[Wekkel]

and unbelievably rude when she herself asked the question and people kindly took the time to answer her

I did not want to mention it but, yes, what a lady 

[gentlemand]

I did not want to mention it but, yes, what a lady 

I've been told Friday night is drinking night for her so she was probably pissed out of her head throughout.