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

[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.

[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 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

U'r a bit thick ... ... Imagine inflation plz. a person for the future lives like 100 years on average (lets assume). But 0.001 will not be payment for the year lets say 2031 or 2032... etc... U will actually pay a fraction of that 0.001... They will get 0.00000250 monthly wage or some nonsense like that, depending on what country they live in. But there will be plenty of robots competing for work force in 2030+. And as the years advance deflation kicks in and instead of 0.00000250 corn... they will get even less. Also... the business you will create from their work productivity, you will get most of the corn back from selling their precious "hand crafted-carved stones".

[DaRude]

It would have been nice to get this attention in any other context.  WikiLeaks Iran has kicked the hornet's nest, and the swarm is headed towards us.

[cAPSLOCK]

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.




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

Also... this will not stop being true for the technical elite.

The fact that WE CAN be our own banks is the revolution.  Not that we HAVE to.

[cAPSLOCK]

This, although technically awesome, has always been a worry of mine.

What will be the reaction of the "good guys" when the "bad guys" go first into the new world?

My analysis on how this turns out if FAR from complete...  maybe good?  I hope so.

[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

U'r a bit thick ... ... Imagine inflation plz. a person for the future lives like 100 years on average (lets assume). But 0.001 will not be payment for the year lets say 2031 or 2032... etc... U will actually pay a fraction of that 0.001... They will get 0.00000250 monthly wage or some nonsense like that, depending on what country they live in. But there will be plenty of robots competing for work force in 2030+. And as the years advance deflation kicks in and instead of 0.00000250 corn... they will get even less. Also... the business you will create from their work productivity, you will get most of the corn back from selling their precious "hand crafted-carved stones".

or, it turns out that you are wrong and 2030 would be mostly the same as 2019.
inflation, robots...oh, my! are robots inflationary?

[explorer]

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

U'r a bit thick ... ... Imagine inflation plz. a person for the future lives like 100 years on average (lets assume). But 0.001 will not be payment for the year lets say 2031 or 2032... etc... U will actually pay a fraction of that 0.001... They will get 0.00000250 monthly wage or some nonsense like that, depending on what country they live in. But there will be plenty of robots competing for work force in 2030+. And as the years advance deflation kicks in and instead of 0.00000250 corn... they will get even less. Also... the business you will create from their work productivity, you will get most of the corn back from selling their precious "hand crafted-carved stones".

or, it turns out that you are wrong and 2030 would be mostly the same as 2019.
inflation, robots...oh, my! are robots inflationary?

   Consider the possibility (probability?) of major grid disruptions or destruction before 2030 due to rapidly changing geo-solar-galactic conditions.  Shit doesn't go straight up forever.  Tech and human population are coming due for a masssive bear market.  Unpopular, I know.

[DaRude]

This, although technically awesome, has always been a worry of mine.

What will be the reaction of the "good guys" when the "bad guys" go first into the new world?

My analysis on how this turns out if FAR from complete...  maybe good?  I hope so.

It was inevitable, but i was hoping BTC would be more integrated with the "good guys" first, PayPal is move in the right direction, but would've been great if we had an ETF before getting the pressure from the "bad guys"


Edit: on a flip side it's not a panacea for "bad guys" they always had an option to go to gold standard. No gov wants to loose control over finances. BTC would hugely increase their capital flight

[savetherainforest]

   Consider the possibility (probability?) of major grid disruptions or destruction before 2030 due to rapidly changing geo-solar-galactic conditions.  Shit doesn't go straight up forever.  Tech and human population are coming due for a masssive bear market.  Unpopular, I know.

Yeah... sure.... lets all build bunkers and then call it quits.

[nutildah]

It was inevitable, but i was hoping BTC would be more integrated with the "good guys" first, PayPal is move in the right direction, but would've been great if we had an ETF before getting the pressure from the "bad guys"

There's a few ETF-like things already being publicly traded, like the Grayscale Bitcoin Trust, but I do agree an actual Bitcoin ETF would be more symbolic. Hopefully all the progress bitcoin has made in permeating the regulatory-sphere won't be unwound by what's going on in Iran. With any luck they'll give BTC a break (they must know its easily traceable) and use something like Monero or Zcash (ok maybe not Zcash).

[philipma1957]

okay follow this line of thought .  how to make PayPal look like a great place to buy and hodl btc.

the answer is have a few 'criminal' countries

such as :
Iran
North Korea
Syria

fully legitimize BTC

Then PayPal hodlings are delcared legit and allowed

While private wallets are a no no.


So once again this means:

 a} BTC is or has been acknowledged for what it can be.
 b} diversity in your BTC holdings = smart.
 c} multiple core wallets = cool
 d} hardware wallet = cool
 e} coinbase = better then yesterday
 f} paypal = better then yesterday
 g} exchange with no kyc = more risky then yesterday
 h} exchange with kyc = less risky then yesterday

looks like regulation of  your source of BTC is coming for 2021.

Just saying prepare for it.

I listed 8 of many ways to hold or spend btc understand them as the ride will be very bumpy the next few years.



Note I used 'quote' criminal countries as that is my government's designation of them not mine.

but I know the usa government so I keep my holdings transparent as I can.

[Last of the V8s]

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...

4. sat-sucker
5. node-puller
6. Wall-breaker
7. merit whore

[ivomm]

FT: PayPal is shilling crypto on the internet

The battle against fiat is truly in full swing. Hot on the heels of Nigel Farage’s declaration of war against the financial system and inducement to freedom-lovers everywhere to stock up on gold and silver, we now have another call to arms. But this time, it’s different. This time, it’s crypto....

https://www.ft.com/content/826eedac-b0cd-4591-897a-9e83cf697060

[Elwar]

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.

Knowing this is how I sleep soundly at night while hodling bitcoins.

[explorer]

   Consider the possibility (probability?) of major grid disruptions or destruction before 2030 due to rapidly changing geo-solar-galactic conditions.  Shit doesn't go straight up forever.  Tech and human population are coming due for a masssive bear market.  Unpopular, I know.

Yeah... sure.... lets all build bunkers and then call it quits.

   Quitting is for losers, but removing some eggs from the basket toward the end of next year would be advisable, IMO.  Hard assets to balance the load a little...

[sirazimuth]

... Why else would somebody put "such" and "moon" together in a single name? Its not even grammatically correct! Clearly the result of devil lettuce-induced brain damage.

such cool
so shibe
very wow
many moon...etc, etc.....