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

[Hueristic]

The question is, why aren't you though?

"Bitcoin maximalism" isn't just about those who have a stake in Bitcoin^TM believe everything else is a scam; it's about the belief that Bitcoin is so complete in the functionality and security it provides, that no other crypto coins are necessary to even exist. Period.

Therefore creating shitcoins, shilling them, owning them, or even trading them is defacto stupid and pointless. And those that do are regarded with a loss of trust and common sense at best, and at worst are seen as complete scammers.

An analogy would be in the Precious Metals world, but a world in which a constant supply of laboratory-created "fool's gold" metals were created, shilled, owned and traded on the open market. Why even do that when you can just own Gold or Silver? The only people that will gain anything by creating and shilling fake metals would be the scammers that created them.

You answered your own question, until bitcoin has a base layer fungibility solution it is not complete and cannot provide Every usecase.

[aesma]

Hello guys. I will read the last few pages to understand what happened yesterday, but I just wanted to talk about a funny email I just received.

It's in French, not perfect, but not "nigeria prince" bad. With HTML, pictures and all.

And it tells me to invest in "facebook's Libra", which last time I checked didn't exit. The really funny part is that in big it says Libra is 20 times better than other cryptos, and that it will get 20 times bigger, in price admittedly. Why ? Because it's designed to have a stable value, unlike bitcoin.

Does not compute...

[600watt]

do I get this Breedlove guy right? he says that the only thing that is really scarce in our live is the time we are on this planet. the only other real scarce thing on earth is bitcoin. he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time.

what would a central banker answer? "your life evaporates through your fingers while you try getting a grip on it. why not get paid in something that evaporates in the same manner? it keeps you running"

https://poddtoppen.se/podcast/1359544516/bitcoin-audible-previously-the-cryptoconomy/masters-slaves-of-money-by-robert-breedlove


got me thinking...

[nutildah]

he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time.

As someone that is now 100% paid in bitcoin across 3-4 different jobs/bosses, I'll tell you: its not as easy or as glamorous as it sounds. Granted I'm not raking in Andreas Antonopoulos-size money. Most of the time you still need to pay an extra fee (or two) to convert the bitcoin into usable cash, and I usually end up converting 90%+ of all earnings into cash anyway. There are a few things I can pay for directly with bitcoin, but not nearly as many as ideal.

Now that the dollar is obviously on the decline (and seemingly BTC on the incline), I try to put just a bit more aside into my BTC reserve. Cash is about the worst thing to save at this point, which goes against centuries-long instinct.

[Karartma1]

do I get this Breedlove guy right? he says that the only thing that is really scarce in our live is the time we are on this planet. the only other real scarce thing on earth is bitcoin. he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time.

what would a central banker answer? "your life evaporates through your fingers while you try getting a grip on it. why not get paid in something that evaporates in the same manner? it keeps you running"

https://poddtoppen.se/podcast/1359544516/bitcoin-audible-previously-the-cryptoconomy/masters-slaves-of-money-by-robert-breedlove

got me thinking...

The Time vs. Money Dilemma, my friend.
I am about to share something I found worth reading even if I do not necessarily agree with everything that's written inside. You might find it useful https://jamesclear.com/value-of-time

[BobLawblaw]

OT: Spotted via https://twitter.com/BitcoinMemeHub/status/1301393667085795329

[El duderino_]

Little pumpy

[soullyG]

Wow, forum going down? Takes me back to the old days! Bullish AF.

[600watt]

do I get this Breedlove guy right? he says that the only thing that is really scarce in our live is the time we are on this planet. the only other real scarce thing on earth is bitcoin. he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time.

what would a central banker answer? "your life evaporates through your fingers while you try getting a grip on it. why not get paid in something that evaporates in the same manner? it keeps you running"

https://poddtoppen.se/podcast/1359544516/bitcoin-audible-previously-the-cryptoconomy/masters-slaves-of-money-by-robert-breedlove

got me thinking...

The Time vs. Money Dilemma, my friend.
I am about to share something I found worth reading even if I do not necessarily agree with everything that's written inside. You might find it useful https://jamesclear.com/value-of-time

thx for the link. interesting exercise. how would a lottery winner that has quit his job start to calculate this?

[El duderino_]

Wow, forum going down? Takes me back to the old days! Bullish AF.

Forum going down?

[soullyG]

I was getting a connection timed out msg for a good 5 mins or so on just the forum, but maybe it was just me then..

[savetherainforest]

Wow, forum going down? Takes me back to the old days! Bullish AF.

Forum going down?

Happens! ... There are spies everywhere!!!

[LFC_Bitcoin]

If we see 4 figure BTC again I’m going to break something.

[Cryptotourist]

If we see 4 figure BTC again I’m going to break something.

Hopefully your fiat account(s).

IF we do, we should consider it the final 4 digit call.

[cryptofrka]

If we see 4 figure BTC again I’m going to break something.

From a technical/price action level 10.4k zone would actually be a great continuation retest. Parabolic leads to crash, slow&steady is the way to go.

[d_eddie]

Corn taking a plunge
DJIA near record
Decorrelation?





#haiku

[vroom]

If we see 4 figure BTC again I’m going to break something.

and if vegeta comes for a visit we will fist him over 9000 times

[bitcoinPsycho]

Eek

[El duderino_]

If we see 4 figure BTC again I’m going to break something.

From a technical/price action level 10.4k zone would actually be a great continuation retest. Parabolic leads to crash, slow&steady is the way to go.

At some point there must be some parabolic acceleration, slow and steady can continue after the parabolic event  

[El duderino_]

Eek

Indeed, fast dive atm, to continue with a faster rise