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

[El duderino_]

If you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what's next (weekly RSI in 70-90 range). We haven't even started!

https://twitter.com/100trillionUSD/status/1320396880929579008?s=20

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[El duderino_]

[philipma1957]

If you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what's next (weekly RSI in 70-90 range). We haven't even started!

https://twitter.com/100trillionUSD/status/1320396880929579008?s=20

hmm.

 12 bucks dec 2012. went to over 1200 usd nov 2013 factor of 100x

900 bucks jan 2017 went to over 20,000 usd  dec 2017 ( am aware that 20k was not on all exchanges). factor of 22.22 x  I do not count fork value of shit coins.


3900 bucks march 2020.   


 a  factor of 10x gives us 39000

[nullius]

PSA:  Nietzsche did drugs only because he had severe and painful chronic health problems—and the drugs burnt out his brain, leaving him as an invalid lunatic for the last decade of his life!

Drugs were the tragedy of Nietzsche’s downfall.  nutildah is despicable—“WTF!?”-tier brain-damaged, ignorant, hallucinatory druggie scum, listing Nietzsche as an example of how drugs are just so cool.  And although I don’t usually question people’s merit-sending, it is very clear in this case that suchmoon is such a lunatic.

Merited by suchmoon (4), strawbs (2), vapourminer (1), 600watt (1), sirazimuth (1), P_Shep (1), soullyG (1), OutOfMemory (1)

warning: nullius-sized post follows; I tried my best to keep it engaging

[...hallucinatory illogic about how LSD, pot, shrooms, etc. improve your mind oh so much...]

As far as other drugs are concerned, some of the world's most famous inhabitants owe their inventions and works to them.

[...]
Nietzsche - opium addict
[...]

So the idea that doing drugs necessarily burns one's brain out is patently false.

Read a book:

As the result of over-work, excessive indulgence in drugs, and a host of disappointments and anxieties, Nietzsche’s great mind at last collapsed on the 2nd or 3rd of January 1889, never again to recover.

The last words he wrote, which were subsequently found on a slip of paper in his study, throw more light upon the tragedy of his breakdown than all the learned medical treatises that have been written about his case.  ‘I am taking narcotic after narcotic,’ he said, ‘in order to drown my anguish; but still I cannot sleep.  To-day I will certainly take such a quantity as will drive me out of my mind.’

From that time to the day of his death (25th August 1900) he lingered a helpless and unconscious invalid, first in the care of his aged mother, and ultimately, when Elizabeth [Förster Nietzsche] returned a widow from Paraguay, as his sister’s beloved charge.

For an opinion of Nietzsche during his last phase I cannot do better than quote Professor Henri Lichtenberger of Nancy, who saw the invalid in 1898; and with this sympathetic Frenchman’s valuable observations, I shall draw this chapter to a close:—

‘In the gradual wane of this enthusiastic lover of life, of this apologist of energy, of this prophet of Superman there is something inexpressibly sad—inexpressibly beautiful and peaceful.  His brow is still magnificent—his eyes, the light of which seems to be directed inwards, have an expression which is indefinably and profoundly moving.  What is going on within his soul?  Nobody can say.  It is just possible that he may have preserved a dim recollection of his life as a thinker and a poet.’

nutildah owes Nietzsche an apology.


I just had to set the record straight about Nietzsche.

I have seen many ignorant fools dismiss Nietzsche’s philosophy on grounds that he was “crazy”, without knowing that he wasn’t crazy until the drugs destroyed his brain.  I have never before seen anybody so fantastically, psychotically stupid as to hold Nietzsche forth as an example of all the wondrous good that drugs have done.

I gave up on following WO sometime on Monday, as I became increasingly preoccupied; and I will not waste my time untangling the illogic of nutildah’s brain-damaged transparent rationalizations, because:

I won’t deign seriously to argue with your druggie religion any more than I debate Christian evangelicals.

P.S., to avoid any whining about how I’m oh so much against freedom:

* I must emphasize another point here; for despite my repeated statements of my position (n.b. 2017 post), this red herring was thrown at me by WO’s local druggie crowd with their hallucinatory illogic:  Of course, I support and defend people’s right to harm themselves!  Including by poisoning themselves with drugs.  I just don’t fall for the false dichotomy that either you must support the tyranny of the War on Drugs, or you must pretend that drugs are a mostly harmless, and even beneficial recreation.  Say what?  Freedom includes the freedom to commit suicide.

My opinion is consistent.  This is one of my Newbie posts:

Druggies, don’t whine.  I am supporting your freedom to kill yourselves!

P.P.S., edit, obiter dictum—from another author’s preface to the same book—to sum up why I despise democracy:

Nietzsche may have been right, therefore he may be unsuccessful. [...] ...the driving power behind democracy is not a political one, it is religious—it is Christianity.

[...]

There [Napoleon] was another victim of democracy...  The mighty sword in the beginning and the mighty pen at the end of the last century [1800s] were alike impotent against—Fate.

[LFC_Bitcoin]

If you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what's next (weekly RSI in 70-90 range). We haven't even started!

https://twitter.com/100trillionUSD/status/1320396880929579008?s=20

$150,000 or more before 2022 & it’s going to be fucking glorious.

[bitebits]

Bitcoin & Banks, it hurts those two words are slowly merging into one.

https://blog.keys.casa/the-custodian-menace/

While it’s hard to pinpoint, anywhere from 20% - 60% of all circulating bitcoin are held with third-party custodians. Thus it appears quite reasonable that 40% of all bitcoin may be held by a small number of custodians. The higher this number becomes, the more concerning it is with regard to economic fork attacks, though in terms of seizure and theft risk, any double digit percentage is concerning. For reference, MTGOX was thought to hold 850,000 BTC out of ~8M in circulation - when it ceased operating the shock to the ecosystem was massive.

[JayJuanGee]

Optimistic to see the good news this week and to see BTC at this price, I personally have the feeling that the rocket is going to the moon with my friends and I have been left out, fuck this is bullshit.
But, I am happy for all of you.

You already knew that something like this was quite probable to happen, so seems that you already accounted for that - right? 

You can ONLY do as much as you are able to do... I recall a period in which my cashflow was very tight for a very long time, and I really could not take advantage of accumulating or diversifying because I hardly had anything to work with... so what can you do?  We make choices based on the cards that we are dealt - and we can sometimes make adjustments to hope to improve our position - but it is not always possible to be even in a position to win the lottery.. not that I am suggesting that buying any lottery ticket is even a prudent use of capital.

[Paashaas]

If you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what's next (weekly RSI in 70-90 range). We haven't even started!

https://twitter.com/100trillionUSD/status/1320396880929579008?s=20

$150,000 or more before 2022 & it’s going to be fucking glorious.

$150,000 $240,000 or more before 2022 2026 & it’s going to be fucking glorious.

$150,000 $500,000 or more before 2022 2030 & it’s going to be fucking glorious.

$150,000 $1,000,000 or more before 2022 2034 & it’s going to be fucking glorious.

Never sell all your Bitcoin but if you want taking some profits prefer selling at each 4-year cycle high.

[explorer]

 I am not alone in expecting BTC to attach a couple more zeroes in the next 5 years (say 10 for the skeptical).  This can't happen one cornhodler at a time.  There needs to be an easier onramp.  There needs to be many more onramps, with larger audiences.  This is a pretty good starting point.  I'm betting that they are working toward full integration.  With fees.  Big ones.  But that will inspire the competition that in turn brings fees into line.  PP's operation is of no interest to me, and I'd advise anyone I know against it, but I am positive that they will have millions more people talking about bitcoin and taking part even if in a thrice removed derivative for now.  Its a big deal. The table is tilted, and the balls are rolling, regardless of what tipped the table.

It's such a "big deal" to PayPal, that they don't even bother to advertise it on their homepage somewhere. The Bitcoin logo is no where to be found.

They don't even bother to tell their 350M users that they've integrated crypto, right on their homepage.

Riddle me that one.

  i expect they are attempting a soft start, gauging interest, and looking for kinks.

[Last of the V8s]

Bitcoin & Banks, it hurts those two words are slowly merging into one.

We can outcompete these fellas no worries; we vaguely know what we're doing and what Bitcoin does. Them, less so.




<-----------

[serveria.com]

If you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what's next (weekly RSI in 70-90 range). We haven't even started!

https://twitter.com/100trillionUSD/status/1320396880929579008?s=20

$150,000 or more before 2022 & it’s going to be fucking glorious.

$150,000 $240,000 or more before 2022 2026 & it’s going to be fucking glorious.

$150,000 $500,000 or more before 2022 2030 & it’s going to be fucking glorious.

$150,000 $1,000,000 or more before 2022 2034 & it’s going to be fucking glorious.

Never sell all your Bitcoin but if you want taking some profits prefer selling at each 4-year cycle high.

Words of wisdom man  

I can only add that you should also try to buy back at least some part of what you've sold at 4-year cycle lows.

[Searing]

Who missed the bull move to 13k ?

Who sold at the bottom??

I have not often sold my Bitcoin in the last 7 years...but when I do "I always' manage to have sold at the bottom.

(hey, it's a gift!) Do this enough, and like 'magic', you will find yourself a Bitcoin Hodl'er before you know it!

The 'dumbest' move was selling 13 BTC at $3,900.00 then watching it go to like $3,400 and feeling pretty proud of myself

then it goes back up to $13k like now ..then down again..and now back around $13k..so baring health issues....not gonna happen.

I did manage to get 5 BTC back by 'buying' back in much higher than the BTC was worth when I sold it.....so it goes.

Brad


edit: Those 8 BTC I'm still down look kinda 'daunting' to get back now, don't ya know.

[Toxic2040]

charts and commentary

All ahead standard

The s/n ratio is becoming more chaotic the closer we move towards Nov. 5th

It still appears as if people are buying and hodling bitcoin however


#dyor

1h


4h

#stronghands

[Biodom]

Who missed the bull move to 13k ?

Who sold at the bottom??

I have not often sold my Bitcoin in the last 7 years...but when I do "I always' manage to have sold at the bottom.

(hey, it's a gift!) Do this enough, and like 'magic', you will find yourself a Bitcon Hodl'er before you know it!

The 'dumbest' move was selling 13 BTC at $3,900.00 then watching it go to like $3,400 and feeling pretty proud or myself

then it going back up to $13k like now ..then down again..and now back around $13k..so baring health issues....not gonna happen.

I did manage to get 5 BTC back by 'buying' back in much higher than the BTC was worth when I sold it.....so it goes.

Brad


edit: Those 8 BTC I'm still down look kinda 'daunting' to get back now, don't ya know.

true, unless you have a spare 100K laying around, lol

However, selling when something is going down and buying when the asset is going up is actually quite prudent in almost every case with bitcoin being so far an exception.
I made a experiment in one small fiat account of mine where I bought stocks, but never sold any of the "losers".
Some of those losers are now at -98%-99%. Not much loss in $ for those since only a small % went to each, but I learned the lesson, which is to sell the losers and keep the winners.
Incidentally, the account itself is OK since I did not sell most of the winners in it either  
In stocks I have an absolute rule of no more than 10% per stock, usually 1-5% and no more than 10-20 (max) stocks overall.

In bitcoin...just hodling and stacking, mostly, albeit did sell some in 2017 (spring-summer) and 2019 (summer) with no regrets whatsoever.
EDIT: in US, at least, one has to watch for those short term capital gains (if holding less than a year) which are equal to your regular income tax bracket. It bites!

[toknormal]

[600watt]

PSA:  Nietzsche did drugs only because he had severe and painful chronic health problems—and the drugs burnt out his brain, leaving him as an invalid lunatic for the last decade of his life!

(...)

can you elaborate what drugs he supposedly used to burn his brain?

why do you think some drugs are illegal and some are not?

[Biodom]

Asking for a friend...

If a girl is into you and you realize that this is because of your bitcoin, then she is not a "gold digger", but what?

first couple of choices:

1. "just being smart"
2. bitcoin "post-miner" (or a "miner of bitcoin miner")
3. hodl-hodler

make your own...

[savetherainforest]

Who missed the bull move to 13k ?

Who sold at the bottom??

I have not often sold my Bitcoin in the last 7 years...but when I do "I always' manage to have sold at the bottom.

(hey, it's a gift!) Do this enough, and like 'magic', you will find yourself a Bitcoin Hodl'er before you know it!

The 'dumbest' move was selling 13 BTC at $3,900.00 then watching it go to like $3,400 and feeling pretty proud of myself

then it goes back up to $13k like now ..then down again..and now back around $13k..so baring health issues....not gonna happen.

I did manage to get 5 BTC back by 'buying' back in much higher than the BTC was worth when I sold it.....so it goes.

Brad


edit: Those 8 BTC I'm still down look kinda 'daunting' to get back now, don't ya know.

I don't understand why people don't understand that with 0.001 BTc in 10 years u could own work force slaves, FOR THEIR ENTIRE LIFE !


Edit: Imagine you having 13000 slaves hand carving into stone to build your own personal pyramid.

[Biodom]

Who missed the bull move to 13k ?

Who sold at the bottom??

I have not often sold my Bitcoin in the last 7 years...but when I do "I always' manage to have sold at the bottom.

(hey, it's a gift!) Do this enough, and like 'magic', you will find yourself a Bitcoin Hodl'er before you know it!

The 'dumbest' move was selling 13 BTC at $3,900.00 then watching it go to like $3,400 and feeling pretty proud of myself

then it goes back up to $13k like now ..then down again..and now back around $13k..so baring health issues....not gonna happen.

I did manage to get 5 BTC back by 'buying' back in much higher than the BTC was worth when I sold it.....so it goes.

Brad


edit: Those 8 BTC I'm still down look kinda 'daunting' to get back now, don't ya know.

I don't understand why people don't understand that with 0.001 BTc in 10 years u could own work force slaves, FOR THEIR ENTIRE LIFE !


Edit: Imagine you having 13000 slaves hand carving in stone to build your own personal pyramid.

impossibru:
1. 0.001 btc is worth just $10K when btc is at 10mil. each earth inhabitant can have ~0.00278 btc (on average).
2. see #1

[cAPSLOCK]

Bitcoin & Banks, it hurts those two words are slowly merging into one.

https://blog.keys.casa/the-custodian-menace/

While it’s hard to pinpoint, anywhere from 20% - 60% of all circulating bitcoin are held with third-party custodians. Thus it appears quite reasonable that 40% of all bitcoin may be held by a small number of custodians. The higher this number becomes, the more concerning it is with regard to economic fork attacks, though in terms of seizure and theft risk, any double digit percentage is concerning. For reference, MTGOX was thought to hold 850,000 BTC out of ~8M in circulation - when it ceased operating the shock to the ecosystem was massive.

I am going to end up persona non grata around here always taking up the other side of this..

But the thing about Bitcoin is if it is TRULY a trust minimized, decentralized, FOSS monetary system then we should not be surprised when the old guard joins in. Not only should we not stop them, but we should celebrate that we CANNOT.  It has been said Bitcoin is for enemies.

And we cannot expect that custodians are not going to arise.  If bitcoin is truly of value (like gold, for example) then the attacks against people who hold it are going to get VERY sophisticated.  Some balance between professionals who hold it expertly for their customers, vs honeypots for hackers will be a detail we are about to watch emerge.  There is no way around it IMHO.  A world of everyone being their own bank is unrealistic, and arguably at least as dangerous for the users who do not know what they are doing.

And I have bad news.  They WILL try to own it, reshape it, etc.  They may even fork it to have bigger blocks AGAIN, and sell that same idea to a WORLD full of noobs.

The smarter ones (Fidelity *seems* like they are headed this direction, for example) will harmonize with it.  Because the ones that try to put it in a bottle will be destroyed like everyone else who has tried to.