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

[OutOfMemory]

The story of my brother in law, the ex-roofer - part 2.

Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"

No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story  

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[vapourminer]

So he is still more or less following the price action as a nocoiner.

thats like thinking about that million dollar scratch ticket you lost behind the sofa till the dog ate it or something. why live a nightmare over and over.

[Torque]

On the weekly, USD down 1.7%, Bitcoin up 5.15%

A game of confidence and trust,  

Also Gold at a new historical ATH, which is a fkn *huge*, screaming red flag that the $USD is going into the shitter.

But alas the pleebs are oblivious, too busy worrying about wearing cute masks and trusting their govt and the media to care.

[Torque]

The story of my brother in law, the ex-roofer - part 2.

Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"

No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story  

Literally everything about his response screams "I could give a shit about Bitcoin, its tech, or what it stands for. I don't even know what proper money is, or why fiat sucks. I just wanted to buy some Bitcoin to get rich quick, which it sounds like I already missed that boat."

These people are so clueless that one doesn't even know where to start. Even Warren Buffett says to never buy/invest in something you don't understand. I imagine an ex-roofer has a long way to go to understanding "investing". He's not even at 101 level.

[Toxic2040]

On the weekly, USD down 1.7%, Bitcoin up 5.15%

A game of confidence and trust,  

Also Gold at a new historical ATH, which is a fkn *huge*, screaming red flag that the $USD is going into the shitter.

But alas the pleebs are oblivious, too busy worrying about wearing cute masks and trusting their govt and the media to care.

Almost....$1920.94 is the ATH on this particular chart. That a pretty big cup if you ask me.

Weekly Au spot price

[OutOfMemory]

The story of my brother in law, the ex-roofer - part 2.

Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"

No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story  

Literally everything about his response screams "I could give a shit about Bitcoin, its tech, or what it stands for. I don't even know what proper money is, or why fiat sucks. I just wanted to buy some Bitcoin to get rich quick, which is sounds like I already missed that boat."

These people are so clueless that one doesn't even know where to start. Even Warren Buffett says to never buy/invest in something you don't understand. I imagine an ex-roofer has a long way to go to understanding "investing". He's not even at 101 level.

Exactly. His view on bitcoin is best described as a tool to get fiat-rich quickly. A one hit wonder of finance.
He has loads of other problems in life, because of reasons easily explained by his cluelessness.
And he always knows better.

EDIT: Looks like $10k is in reach again and "alt season" slowly kicks in, too.

[LFC_Bitcoin]

$9,745

Looking good, slow & steady wins the race.

[Icygreen]

On the weekly, USD down 1.7%, Bitcoin up 5.15%

A game of confidence and trust,  

Also Gold at a new historical ATH, which is a fkn *huge*, screaming red flag that the $USD is going into the shitter.

But alas the pleebs are oblivious, too busy worrying about wearing cute masks and trusting their govt and the media to care.

Further yet, since most assets and investments inflate in value , most owners don't care one bit because they're 'getting rich'.  

[BobLawblaw]

https://twitter.com/whale_alert/status/1287139041595600898


https://twitter.com/whale_alert/status/1287139254766899201

[cAPSLOCK]

I mean seriously... we don't even have to break 10k anymore for this 2.6 year line to get pierced.  What do you think is gonna happen?

This is the perfect storm.  Gold about to breech 2k.  

Bitcoin being talked about by herd leaders as "digital gold".

Right after the halving.

Exchanges stock running low.

Hashrate ATH in.

More dollars being printed than toilet paper.

What do you think is gonna happen?

[Searing]

Bitcoin: You 'merciless bitch!"

Will, she continues to 'tease' me, (be still my heart) with a 'bright' future for us both?

Or will she throw her coat back on, dump my sorry ass in a huff, and leave?

Talk about a "Hot Mess!"

(The 'ways' of Bitcoin are mysterious to me!)

[LFC_Bitcoin]

@CoinCoinerDanny
3 years ago this week we were battling for segwit, creating one of the most uncertain times in #Bitcoin  history.

The price was $2,750

Today #Bitcoin  is $9,700

It's stronger than ever and preparing for the next bull run.
https://twitter.com/coincornerdanny/status/1287144113821949959?s=21

[sirazimuth]

So I have a confession
I sold all my bitcoin last year and went all in on Tesla  @$350.















JUST KIDDING!!!....

I sold all my Tesla stock at $350....   fuuuuuuuuuuuuuuuuuuuuuuuuuck!!!

lol....
I still made profit. Got in at the IPO.  I feel like those early adopters who had hundreds of bitcoin
they mined for nothing then dumped them all at $30 for profit.... but then.....

[soullyG]

Well well well, what's going on 'ere then?

Making a nice move up and away from the huuuuge triangle we've been trying to break out of for so long.. next important level is $10.5k (we were unable to get through this resistance in Feburary/May/June):

[Syke]

So I have a confession
I sold all my bitcoin last year and went all in on Tesla  @$350.

Tesla is succeeding despite all the odds against them.
Bitcoin is succeeding because all the odds are with them.

[Toxic2040]

4h


D

[JL0]

Pentarudi aka Masterluc newest Update:

Comment: Still adjusting long term upper resistance line...
Price range locked for almost 3 months now...
Discovered yet another escape trend.



I'm excited to see what we can expect in the coming weeks. Some on Twitter still claim the $6K will come.

[jojo69]

[Toxic2040]

shots fired at the NFAC rally in Louisville today..apparently at least 2 seriously wounded. NFAC militia members take a knee as paramedics respond.

fml jojo

https://www.thedailybeast.com/shots-fired-as-three-percenter-and-not-fucking-around-coalition-militias-face-off-in-louisville-kentucky?ref=home
these men look serious and have their boogerhooks in the correct orientation

[JayJuanGee]

The story of my brother in law, the ex-roofer - part 2.

Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"

No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story  

I was going to say something about your Part 1, so I am glad that you reported back, even though the news is not good.

There are a lot of folks out there who are not going to act, even if you present them the information and give them a premium.

I had a recent thought in my head that I was going to offer to give a wedding gift that was something like 33% more if they were to accept it in bitcoin rather than cash.  It was a 26 year old male relative, so I did not mind considering offering a premium.  I had a few conversations with that relative weeks before the wedding, and I also spoke with his mom and some other relatives (close to the matter) regarding his financial situation and his ways of dealing with money.

After quite a bit of contemplation, I decided that he would NOT appreciate such an offer, so I did not even make it, and I also figured that I was going to appreciate keeping the BTC more than he would appreciate getting them.. and he would probably convert them to cash or resent having them locked up for a year (considering me to be to patronizing) if I were to use the "give bitcoin" website.

So, even though I did not know the specifics of the response of your brother-in-law, I kind of anticipated some kind of similar story... sad as that seems to be.  No coiners and/or precoiners tend to presume that we are trying to sell them something, unless either they come too the matter themselves and ask us or they are really excited about the possibility of investing in BTC.

It is still good that you made the offer, but you should be glad that you have more bitcoin because your brother in law refused to consider your recommendation and clung on to some likely misleading mainstream misinformation narratives.