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

[cAPSLOCK]

It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.

Of course, even if bitcoin is designed to pump forever, even the stock to flow model will taper off along the way.  

We have already witnessed a tapering off of each exponential wave in terms of the percentage increase at each 4-year fractal.

So, yeah, as the BTC market becomes more saturated, it won't be able to even come close to pumping as much in terms of percentage as it did in the previous 4 year fractal, but we are still at less than 1% of world adoption..  AmiNOTrite?.... so there seems to be room for a few more BTC exponential pumpenings.. in the coming years.. especially looking at the next few years and even meaningful 12-years ish or more.  No?

Why so pessimistic, cAPSLOCK?  Especially in the near term?  And who gives any shits if BTC is not sufficiently pumpening in 50 years because the BTC market is potentially becoming more saturated?  

Do you really care about stock to flow model being broken (or less accurate) in 50 years or whatever?  Who fucking cares?  

Many of us will either be dead by then or too busy banging hookers, whipping donuts in Lambos and snorting blow to even notice, right?

You took my quote out of context.  But I am always trying to find holes in my current hypothesis.  My point is those are the very best I can do, and they are weak.

The crazy thing is the contrarian in me is trying to make a case for the former:

It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.

So weak.  I just can't make any of those stick...

[Last of the V8s]

Yeah if this keeps on going up I might just buy some.

[JayJuanGee]

hmm...

Looks vulnerable. 

[cAPSLOCK]

...but his mind was all rusted...
...it was Masterluc he trusted...

[...]

And if all of the above hasn't made you, mindrust,
Reconsider, and quickly get some corn in your stash,
It won't be r0aches or ants,
At the seat of your pants,
But the boot of a HoDLer in your stubborn fat ass!

Fuck I wouldn't want to be mindrust right about now  

Yup, he popped into my head earlier today. Can't decide whether to think of him with sympathy or stupidity in mind. I can't help but feel sympathy for him, but the stupidity of selling at $3xxx, after he'd spent so much time here with fellow WOers, wins out. Fundamentals, etc.

Sorry for his losses but he really should have known better. Never mind, just suck it up and buy back, as we all advised at the time. Then, after learning how to hodl through anything, in x years from now, he'll hardly remember the act of stupidity and will need no sympathy.

But he'll know that his name will live forever as a verb: 'to mindrust' - or, 'to do a mindrust' - the act of failing to hodl

verb, mind·rust·ed, mind·rust·ing.
to fail to hodl; to sell, by way of panic:
e.g. The foolish gambler mindrusted all of his bitcoins away.

I made the largest purchases (in USD at least) I ever have of BTC right at the same time.  I sort of like to think I have some of his coins.

[cAPSLOCK]

future generations will try see the wisdom in what you have written.

Or at least the banjo memes!

[JayJuanGee]

A dialog between Bitcoin and the bears...

https://youtu.be/x2WK_eWihdU

Some of you guys are getting quite morbid with your visuals, this time around.

 

What?

I mean the linked content...


and I also was thinking about the bankers jumping out of highrises on Wallstreet, too.

I am not really opposed to these ideas/images.  

Just making an observation, here in the observenings thread.  

When licking lips while looking at bears you need to add $nohomo at all times  

Ah merci, I've no etiquette!

Plus, you seem to be gay   - especially with those lil selfie underwear on the sides of your head. .  #nohomo

[lightfoot]

Cool! Things are going putt putt up. I like that!

[gembitz]

here we gogogogo ===> /\BTC===>$2OOOO close!! weeeeeee

[Last of the V8s]

https://markets.chainalysis.com/



please give the IRS your email address, kthxbye

[Agapios]

I might aim to high, but I am waiting on day when BTC exceeds number of pages on this thread (now around 27000)

[Indymoney]

Bitcoiners first flight already gone to moon  

[Phil_S]

Looks vulnerable. 

It's not downtown Portland, that's for sure...

[Krubster]

Mindrust this, Mindrust that. Gentlemen, we are better than this. No need to rub it in.

Personally I miss him. He provided some insightful posts, along with some decent TA.

[JayJuanGee]

It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.

Of course, even if bitcoin is designed to pump forever, even the stock to flow model will taper off along the way.  

We have already witnessed a tapering off of each exponential wave in terms of the percentage increase at each 4-year fractal.

So, yeah, as the BTC market becomes more saturated, it won't be able to even come close to pumping as much in terms of percentage as it did in the previous 4 year fractal, but we are still at less than 1% of world adoption..  AmiNOTrite?.... so there seems to be room for a few more BTC exponential pumpenings.. in the coming years.. especially looking at the next few years and even meaningful 12-years ish or more.  No?

Why so pessimistic, cAPSLOCK?  Especially in the near term?  And who gives any shits if BTC is not sufficiently pumpening in 50 years because the BTC market is potentially becoming more saturated?  

Do you really care about stock to flow model being broken (or less accurate) in 50 years or whatever?  Who fucking cares?  

Many of us will either be dead by then or too busy banging hookers, whipping donuts in Lambos and snorting blow to even notice, right?

You took my quote out of context.  But I am always trying to find holes in my current hypothesis.  My point is those are the very best I can do, and they are weak.

The crazy thing is the contrarian in me is trying to make a case for the former:

It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.

So weak.  I just can't make any of those stick...

Fair enough that when we are batting around ideas, sometimes the context will be misunderstood. 

I did not have any ill-will in that direction, and surely I consider you to be overall bullish in regards to bitcoin and various fundamental bitcoin ideas - so hopefully neither bears nor bulls were hurt by any of these back and forth statements (well, maybe hurting bears is generally o.k.?)

[cAPSLOCK]

Every big bull run after the first one (Which I did not really see start, talking about the $0-$30 miracle circa 2011) the tensions in the BTC community would build to a fevered pitch with people eventually becoming stress volcanos and then BOOM... 

De bool beegan hees rrrun!

Many of you here can remember how everyone was so angry at each other here and on twitter back in early 2017.  Blocksize debate and all the things that didn't even make sense.

Well i did not want to jinx us, and I do not think I am powerful enough to.

But I feel like Bob had to sacrifice himself on the angry altar for us to truly get this firework lit this time.  That's what it took...  and mad as he may be right now for *reasons* whatever that means.  So unless I am wrong, and I am sorry if I am...

BobLawblaw will forever be remembered as the man who lit the fuse on this cycles rocket.

It will go down in BTC history.  It's possible students in the future will consider his sacrifice as Americans have considered the sacrificial things the founding fathers did at the start of their country.

Someone had to do it... he did it.  I sure hope he gets much better and eventually comes back while we all wave palms and throw confetti.  But NOT TOO SOON DAMNIT.  For now he should keep smoldering and posting his whale-move updates.
 

I am going to watch this over and over for the next ... oh... couple years, I imagine.

https://www.youtube.com/watch?v=nJeddv1QbeQ

(Bawb, I miss you.  Maybe just a *little* bit homo?)

just noticed my post is whistling the same tone as yours. i did not know yours when i wrote mine. interesting. 

Yes, I saw that too. 

I have often thought about people looking at these words in the event BTC becomes the new world reserve currency.  Perusing these forms, and probably it's most dankly meme ridden pile of shitposting the WO to get and idea of what we were thinking "back then".

Well I'll sum some of it up from my position.

-A lot of us feel like we have awakened into a world full of sleepers, and can clearly see that what is coming, and most people think we are just nuts.
-Well I guess we are a bit, and you've also noticed that.
-By this point many of us are fairly hardened seeing what may have become our net worth expand 20 times, and then drop by 90%. Not once or twice, but some of us three or four times.
-Right about now we are expecting this next cycles bull run to be imminent. 
-Sometimes we were scared, mad, or frustrated.  None of us knew the future even though we all felt pretty strong about what we saw coming.
-We knew the "greatest wealth transfer in history" would be hard for many.  Most of us didn't want there to be pain
-We also thought Bitcoin would fix a lot of the real problems caused by the slave-economy of central banking.
-We also foresaw the return of Vegeta, not just at 90k.  But possibly at 900k as well.
-We also lived through 2020.  You guys probably understand that MUCH better than we currently do.
-We were libertarians, liberals, anarchists, hopeful seasteaders.
-And yeah... we know you wish you had been here with us... or your parents... or your grandparents.

[OutOfMemory]

here we gogogogo ===> /\BTC===>$2OOOO close!! weeeeeee

welcome back

Mindrust this, Mindrust that. Gentlemen, we are better than this. No need to rub it in.

Personally I miss him. He provided some insightful posts, along with some decent TA.

You're writing about the old mindrust, but i agree.

[xhomerx10]

 

[JayJuanGee]

Looks vulnerable.  

It's not downtown Portland, that's for sure...

referring to the island that you had depicted in your earlier post... I cannot argue with your "not downtown Portland" description...

In other words, bring your own, hookers, lambos and blow.  

[Wekkel]

Well I'll sum some of it up from my position.

[...]

Wouldn’t want to have missed it for the world 

[cAPSLOCK]

It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.

Of course, even if bitcoin is designed to pump forever, even the stock to flow model will taper off along the way.  

We have already witnessed a tapering off of each exponential wave in terms of the percentage increase at each 4-year fractal.

So, yeah, as the BTC market becomes more saturated, it won't be able to even come close to pumping as much in terms of percentage as it did in the previous 4 year fractal, but we are still at less than 1% of world adoption..  AmiNOTrite?.... so there seems to be room for a few more BTC exponential pumpenings.. in the coming years.. especially looking at the next few years and even meaningful 12-years ish or more.  No?

Why so pessimistic, cAPSLOCK?  Especially in the near term?  And who gives any shits if BTC is not sufficiently pumpening in 50 years because the BTC market is potentially becoming more saturated?  

Do you really care about stock to flow model being broken (or less accurate) in 50 years or whatever?  Who fucking cares?  

Many of us will either be dead by then or too busy banging hookers, whipping donuts in Lambos and snorting blow to even notice, right?

You took my quote out of context.  But I am always trying to find holes in my current hypothesis.  My point is those are the very best I can do, and they are weak.

The crazy thing is the contrarian in me is trying to make a case for the former:

It can't just keep happening.
The whole stock to flow thing is too simplistic.
Eventually the numbers get too big to keep going up.

So weak.  I just can't make any of those stick...

Fair enough that when we are batting around ideas, sometimes the context will be misunderstood. 

I did not have any ill-will in that direction, and surely I consider you to be overall bullish in regards to bitcoin and various fundamental bitcoin ideas - so hopefully neither bears nor bulls were hurt by any of these back and forth statements (well, maybe hurting bears is generally o.k.?)

If you look back at the posts I was making last night I was pre-celebrating for what I saw coming today.  I am so bullish it scares me a little.