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

[JayJuanGee]

Alright, then please name me one Member of WO who did explicitly expect that you would sell the bottom.
If you can't, you indirectly prove the black swan criteria as true. (Something happening nobody expected).

Go on. I can play well  

Maybe it was a black swan even only for me.

How did you (or any of you) get affected by my decision?

That's a different question, but i stopped trusting that anybody here who is claiming to never-go-mindrust would not go mindrust at some point. It's about credibility and the message it sends out to the world. "See: Even the most hardest bitcoin believers abandon ship at some point"-type of narrative. This has consequences. You change a single parameter in a complex system, you watch many other parameters change as well afterwards.
This is a hefty warping of WO reality. Don't try to play it down.

Something seems slightly wrong with your thinking on this topic, Oom - or maybe it is just your presentation.

My opinion is that the more that any of us prepares for a variety of scenarios (including extreme scenarios), the less likely that any of us is going to perform some act that seems to be outrageously inconsistent with our past discussions regarding our preparations, plans or BIG goals, which a certain amount of consistency seems to reflect our character, so in that regard, many of us continue to be a bit shocked and taken aback by mindrust because he spent so much time discussing his various strategies and even a certain amount of the extremes, including his mindset to a considerable degree.. that he was just seeming willing to just throw out the window all of a sudden...

Sure, he has the right to do that.. and sure it is going to piss a lot of people off because it was seemingly quite a bit removed from what he had been disclosing his plans, scenarios and even extremes of such.

Members even talk about various scenarios in which they are going to do certain things, and of course, none of us mere mortals can plan all of the specifics, and surely sometimes, we might just end up pulling the trigger or going to beyond our plan.. that is all within reasonableness that we might become emotional and even engage in some extreme inconsistent actions, and we are free to do those kinds of things because we should have a decent amount of discretion and authority in regards to our own BTC holdings.  

Of course, some of us might have a significant other, family or even business relations (fiduciary duties) that might limit some of the scope of our discretion, yet I still would not consider it crazy for members to engage in buying or selling of BTC activities that go somewhat beyond their previously described plans and scenarios.

Another bothersome aspect of mindrust might have to do with his seemingly conversion into a kind of nocoiner perspective.. which is really irritating and really not justified, even given that he did seem to paint himself in a corner to some extent.

you where in this space as a coiner and now as a nocoiner... this is pity... you did’t deserve to end up coinless  

I am not a nocoiner though. Small coiner (or less coiner?) maybe.

You only told to sold all and maybe to buy back a very little something, so at this point its still no-coiner

When someone publicly said to have sold all... then its difficult to believe to have bought back at higher prices especially with someone that praised the DCA strategy on a daily basis ....

So to quote JJG, a link or it didn't happen  

But, within reason, he already told us dood.....   I would not conclude that mindrust has become so untrustworthy that we cannot, at all, rely on any of his representations, even though I understand that a number of people are going to develop increasingly high levels of skepticism regarding whether mindrust might be pulling our leg in some regards.

Sure, he is being a little bit vague (but what do you expect), but the thrust still remains that soon after his having had sold all of his coins in the $4,500 range, then he said that he was considering buying some back under certain continued BTC price drop conditions, and he did not buy any back at that time.  Then he said that he was going begin some kind of wimpy-ass DCA, such as $50 per week, and he may have reported one  or two of those buys, then a week or so ago, he said that he bought a whole coin...   So, whatever, he did make some rebuy disclosures that might be somewhat weird but there should not be any real doubt about those modest measures.. and it is not like he is making any kind of killing on any of them, but just establishing that he has a bit of a stake in bitcoin that goes a bit above nocoiner status, even if his mindset continues to largely be demonstrated as a kind of disgruntled and bitter nocoiner..... which many of us have difficulties appreciating such disgruntled and bitter nocoiner perspectives, even though we know that they exist out there, but are not so frequently part of persons who we had previously given a decent amount of credibility and trust.

I didn't change, I have been always skeptical about almost everything.

I thought bitcoin was the answer to the central banking scam, I was wrong because there is a similar scam happening here with tether.

That's not bitcoin's own fault. It is an external attack.

*I might get back in when tether collapses completely. Till then, Nope.*

Tether is not likely to collapse.

So you have created a stupid-ass and unrealistic condition for yourself to continue as a nocoiner or something near to a nocoiner --- as a kind of nocoiner with fantastically narrow ideas of conditions precedent mindset.

[1714032846]

1714032846

[1714032846]

1714032846

[JimboToronto]

Good morning Bitcoinland. Missed most of yesterday due to taking a trip to look at some acreage we'd been offered at a great price.

Seems we dipped down under the veggie line and bounced back up again... currently $9280USD/$12640CAD (Bitcoinaverage).

Vegetable support line seems to be holding.

Go Bitcoin go.

Bulls. You'll make a shit when you don't have a capital to educate yourself for beginners. It's like saying you should run and win a race if you're good enough even if you're way behind on starting point.

Capitalist systems, specially the one in USA are made for rich to stay rich and poor to be their legal slaves forever. Sure, there will be one, two or 10 examples of people coming out by some strange way, but 99.99% of them will always serve their masters as they just didn't have a chance to do anything different. The rich will educate their kids ant best universities and prepare them to take over as next generation leafders and the rest will continue to eat their dust.

You think some poor guy coming from poor neighborhood have a chance of coming with covid-19 vaccine, either as owner of the company or as one of lead scientists working for it and make billions/millions from that business? He has my arse. He neither has a chance to educate himself to come close to those circles or to have a capital to be an entrepreneur behind it.

Sounds like you've been brainwashed by diploma/employment propaganda. Keep thinking like that and you'll always be a peasant... a wage and debt slave. Be your own business. Be your own bank.

You don't need "capital to be an entrepreneur". You need clarity and ambition. You don't need a university to educate yourself. I used to say that all you needed was a library card. Now all you need is an internet connection.

Stop whining about not starting out with as much as someone else. Personally, I think starting out poor and making yourself rich is a lot more fun than starting out rich and becoming anything except richer. Bouncing a few times between poor and rich makes being rich even more fun. Whining is just making yourself miserable. Life's too short.

Nobody starts at the top. If shit needs shovelin' then make your living shoveling shit. Once you learn how to that efficiently, teach someone else how to do so as well. Employ them in the shit shovelin' business. After going through a few shit shovelers, mostly who would rather whine than actually work, you'll develop some managerial skills and money management skills. Which are transferable skills which will allow you to build a veritable shit shoveling empire.

Don't shovel shit at me telling me there are no opportunities. Plenty of shit in the world needs shovelin'.

And don't whine about not being able to afford a shovel. Use your hands until you've saved enough to buy one.

Unfortunately there's not many economic opportunities that involve swiping a fondle slab 24/7 and a 30 second attention span.

No freaking kidding.

[JayJuanGee]

The dump yes... but the % they kept it bought back... we don’t know.... the market is buy and sell ... so logically that there where 1000’s dumped

After 10 years bruh.

10 fookin years. Not a peep. Then thousands at once.

Oh god, you are sounding bitter, mindrust, and reading way the fuck more than necessary into normal market activities.

first of all someone who held for 10 years can sell whatever the fuck they want and they are going to be profitable.. and it does not even necessarily reflect anything in relation to the strength or weakness of BTC fundamentals.

Your situation, mindrust, is quite different from theirs, and dumbass of you to spend well over 3 years trying to figure out and fix your strategy, and then you blow all of it in one panic session.. you are selling at a loss or maybe at best break even... that situation is much different from folks who had been in for 10 years or even 5-6 years.

The 10 year folks are having costs for their BTC in the single digits, and yeah if they fucked up a bit, maybe their costs are in the double digits, but that still is way over 1000x profits.

Even the guys in the 5-6 years time horizon are going to be decently profitable compared to you, but even would have been silly for some 5-6 year holders to be selling in such downward crash conditions, even though there likely are some, but if we are smart, we are not going to be following their example to be selling on such extreme levels of price corrections, even if we might get scared during such events.. we surely are not going to be selling all of our stash.. because that would be short-sighted, dumb and even sabotaging of our own previous work... which is what you accomplished with both your gambling attempt of selling everything and it did not pay off, and you are subsequently trying to rationalize your dumbass emotionally-laden selling on the dip behaviors...


and your gambling and hoping to buy back later at a lower price and your failure and refusal to buy back at a loss or even to merely break even because you let your dumbness also turn into greed.. and many of us are sad for you even though we criticize you, but your arrogance does make it a bit easier for several of us to feel less sorry for you.

[cAPSLOCK]

No passphrase: 0.1 BTC
{normal_pass}: 10 BTC
{really_strong_pass}: 100 BTC

I’m not going to answer this with any clue as to what sea dwelling creature I am but I saw this before & it made me laugh. I imagine we have all types of so called sea creatures related to bitcoin, swimming around the WO at times


What's your Bitcoin rank?

Humpback Whale = 5000 BTC or more

Whale = 1000 - 5000 BTC

Shark = 500 - 1000 BTC

Dolphin = 100 - 500 BTC

Fish = 50 - 100 BTC

Octopus = 10 - 50 BTC

Crab = 1 - 10 BTC

Shrimp = less then 1 BTC

https://www.google.co.uk/amp/s/deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/%3famp=1510623395

Thing is, unless bitcoin fails, just about every spot on this list will be very well off aside from the Shrimp.  And even some of the big Shrimp will be in decent shape.

[cAPSLOCK]

Fairly stupid hopium?

[Torque]

PSA: Tragic story. Trading is not worth losing your life over. If you find that you are gambling this hard and recklessly, stop and seek some help.

https://twitter.com/BillBrewsterSCG/status/1271802132979748866

[dragonvslinux]

Fairly stupid hopium?

Not that stupid I don't think, it was strong resistance and is now confirming as support. Holding this level is inherently bullish, while breaking below it would be problematic.
Edit: Also Sawcruhteez made a really good point yesterday; he was claiming that there hasn't been a case where Bitcoin has created higher lows with horizontal resistance on a macro scale and failed to break to the upside eventually. While the same is true for lower lows and horizontal support, price always breaks down. Looking back over 10 years of trading, this appears to be the case for ascending and descending triangles that develop over a month+ of price action.
The bottom line for me right now is that Bitcoin is still making these higher lows on a macro-enough scale, I therefore find it difficult to be bearish until this changes.

[JimboToronto]

I can't recall this thread ever being so dead and there were more boring times.

2015 was pretty dead

2012 was pretty dead

This thread didn't exist in 2012.

[serveria.com]

^ you underestimate the circumstances of the current generation of protesters. They have been trashed on the economic scrap pile since entering the workforce, not had jobs having a pick of vocations like the boomers.

Maybe I'm out of touch, but I really don't get this whine. Economic progress is so simple it is stupid. Create something of value that someone else is willing to pay you for. End of story.

Bulls. You'll make a shit when you don't have a capital to educate yourself for beginners. It's like saying you should run and win a race if you're good enough even if you're way behind on starting point.

Capitalist systems, specially the one in USA are made for rich to stay rich and poor to be their legal slaves forever. Sure, there will be one, two or 10 examples of people coming out by some strange way, but 99.99% of them will always serve their masters as they just didn't have a chance to do anything different. The rich will educate their kids ant best universities and prepare them to take over as next generation leafders and the rest will continue to eat their dust.

You think some poor guy coming from poor neighborhood have a chance of coming with covid-19 vaccine, either as owner of the company or as one of lead scientists working for it and make billions/millions from that business? He has my arse. He neither has a chance to educate himself to come close to those circles or to have a capital to be an entrepreneur behind it.

We're just trying to help here by turning poor nocoiners into coiners. They WILL buy in any case but using our advice they can buy (small fractions) in four digits. Later everyone (including mindrust yes) will have to buy BTC anyway but at a much less attractive price (6 digits?).  

[jojo69]

I can't recall this thread ever being so dead and there were more boring times.

2015 was pretty dead

2012 was pretty dead

This thread didn't exist in 2012.

was the other thread, technicality

[JimboToronto]

This thread didn't exist in 2012.

was the other thread, technicality

True. I thought about that, the original non-self-moderated 1000 post AdamSTGbit wall observer thread.

Tried to find it to see what it was doing in 2012, but couldn't find it.

[LFC_Bitcoin]

The thread is only quiet because we’re trading in such a stable range atm, it’s boring essentially. Everybody will still be here, most likely being voyeurs, just not posting.

As soon as the fuse gets lit all the regs will start flowing back, ready for the next ATH & moon launch.

[Paashaas]

Coronavirus Cases: 8,049,670. Deaths: 436,682. Recovered: 4,154,981.

- More than 100,000 new cases worldwide were reported each day for the last two weeks.

- A resurgence in new infections has been detected in Florida, Texas and California. 170,000 new cases in the U.S within one week.

- Beijing back into partial lockdown as new cluster emerges. CCP blames outbreak on imported salmon.

- Brazil's death toll passes Britain, world's second highest.

- Argentina confirms more than 1,000 new cases in one day for first time.

- New cases have spiked in the Balkans; Bosnia, North Macedonia and Albania.

- Hundreds of Indonesian children have died from Covid-19, one of the world’s highest child mortality rates.

- Bangladesh, Jakarta reports record jump in new cases.

- Kazakhstan has locked down several towns and villages and tightened restrictions after spike in cases.

- WHO calls for new lockdowns in Pakistan as infection rate is worsening.

- Egypt registers highest daily rise in cases. 

- Hospitals in Delhi and Mumbai overwhelmed.

- India to reimpose lockdown on 15m people in Chennai as new cases surge.

- Botswana brought back a strict lockdown in its capital city Gaborone and surrounding areas.

- Undetected outbreak in Nigeria caused 600 deaths.

- Pandemic is accelerating in Africa, cases jumped from 100,000 to 200,000.

- Ukraine’s first lady, Olena Zelenska, has tested positive for Covid-19.

- An official in Afghanistan has warned that the country’s actual number of infections is higher than the official figures.

- Iraqi militiamen drop guns to dig graves for Coronavirus victims.

- World faces worst food crisis in 50 years due to Covid-19.

- Brazil restores detailed Covid-19 data after supreme court ruling.

- Borders opened up across Europe on Monday after three months of closures.

Covid-19 Patient Gets Double Lung Transplant, Offering Hope for Others.

Healthy lung.

 

Infected Covid-19 lung from a girl in her 20's.

[Biodom]

Bitcoin go up.

Coinbase go down.

Like clockwork.

well, if mindtrust had coins on Coinbase, he would possibly still have them  

I don't want to neg on him too much 'cause I had my share of panic sells as many others had as well, I am reasonably sure, unless y'all have iron balls.
Maybe the difference is that you don't panic sell the stash, but rather a small portion. I consider it a sacrifice (like in ancient Greece)) for the sake of all remaining bitcoiners.
Blow off steam.

Coronavirus Cases: 8,049,670. Deaths: 436,682. Recovered: 4,154,981.

- More than 100,000 new cases worldwide were reported each day for the last two weeks.

- A resurgence in new infections has been detected in Florida, Texas and California. 170,000 new cases in the U.S within one week.

What this does to a theory that temperature should bring it down? We had a couple weeks with temp above 90F or above 32C, but cases are climbing fast.
People don't realize that it is an entity that could mutate to facilitate it's propagation. Pure darwinian evolution in real time.

[VB1001]

This thread didn't exist in 2012.

was the other thread, technicality

True. I thought about that, the original non-self-moderated 1000 post AdamSTGbit wall observer thread.

Tried to find it to see what it was doing in 2012, but couldn't find it.

Do you mean this one?

Wall Observer - MtGoxUSD wall movement tracker

https://bitcointalk.org/index.php?topic=85687.0

[El duderino_]

Sooooooooooo mindrust appearance = to be considered bullish ??

[serveria.com]

Sooooooooooo mindrust appearance = to be considered bullish ??

Seems so ...

[LFC_Bitcoin]

Sooooooooooo mindrust appearance = to be considered bullish ??

Haha, the new reverse indicator?


When mindrust appears
We buy some more bitcoins quick
That guy fucked himself

mindrust reverse indicator Haiku

[JimboToronto]

This thread didn't exist in 2012.

was the other thread, technicality

True. I thought about that, the original non-self-moderated 1000 post AdamSTGbit wall observer thread.

Tried to find it to see what it was doing in 2012, but couldn't find it.

Do you mean this one?

Wall Observer - MtGoxUSD wall movement tracker

https://bitcointalk.org/index.php?topic=85687.0

Yes, exactly. Thanks. Ahh the memories.

Toward the end it had become a lot like what this thread eventually became. Sorry Adam, your attempt to make a strict wall observance, no off-topic thread was doomed to fail. All you did by making it self-moderated was to keep it free of traditional moderation.

The old thread was the embryonic version of this one.

[LFC_Bitcoin]

- A resurgence in new infections has been detected in Florida, Texas and California. 170,000 new cases in the U.S within one week.

IIRC, Dallas county has had 300+ infections per day, for almost three to four days in a row now. It's up, but slowly stabilizing at a higher value. Was a couple-few days last week where I think they broke records for consecutive days.

Meta: It's troubling to me in a way. I've read reports that it is disproportionately affecting black and brown folk more severely than other races. Evidently there is some genetic component involved, leading to a harsher response to the virus. Sheeit.

Bob, the majority of people who die or even get seriously ill from it are elderly & or have other, pre-existing health conditions. 38, yes 38 people died of it in the UK in the last 24 hours. The whole thing, the lockdown was a massive over reaction imo.

I’d love to see how many people have died ‘of’ covid19 rather than how many die ‘with it’.


TL;DR

You’re going to be fine!