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

[JayJuanGee]

1% of our net for us wimpy conservative thinkers (also older), a higher percentage for the bold.

hahahahaahaha

I am glad that you conceded on that one....  

1% of our net for us wimpy conservative thinkers (also older), a higher percentage for the bold.

Bro, national fiat currencies & traditional investments/savings are going to tank hard in the short to medium term future. You need to be WAY more invested in BTC than1%.

Even though I have been razzing OROBTC on this same question, I doubt that we can presume to know his situation or his specifics - even though he seems to have provided a certain amount of information that would cause for reasonable conclusions that he has been underinvesting in BTC - and I believe that his reasons for underinvesting are likely inadequate because he seems to be overallocating in gold and platinum or some other shiny metals.

I personally recommend beginners to BTC to start out by considering an allocation of 1% to 10% into BTC - and of course those are introductory type considerations that a more experienced bitcoiner should be able to feel comfortable in increasing, once getting familiar with bitcoin basics - and studying the space for a while, which OROBTC does seem to have been studying the bitcoin space for a considerable amount of time.

Another potentially relevant factor that OROBTC mentions is that he is likely more elderly... and surely I would agree that most elderly folks would not want to be entering any kind of an aggressive position in BTC if their investment time-horizon is not at least 4 years - and of course, we do have this little issue of the 4-year cycle, too, and a decent amount of likelihood that we are upon the precipice of an upward slope in the next year or two... and surely you, LFC, have already referred to that ongoing existing dynamic that would likely justify a more aggressive BTC investment stance for less than 4 years.

Surely, we can badger OROBTC a bit in terms of his lack of aggressiveness, yet in the end, he seems to have already thought through his allocations and seems to have a seemingly wimpy system in place, in which he is content with such wimpiness.. not to beat a dead horse.

[1715032075]

1715032075

[1715032075]

1715032075

[1715032075]

1715032075

[1715032075]

1715032075

[JayJuanGee]

Bitcoin adoption could reach 90% by 2030, investment firm founder claims
Adoption started slow but has ramped up with the passage of time.

https://cointelegraph.com/news/bitcoin-adoption-could-reach-90-by-2030-investment-firm-founder-claims

There may be some sectors in the USA that are approaching 5% adoption - and maybe even higher if skewing some kind of population of college students who don't hav any money and each of those invested owns, on average, .00027168 BTC, but I would argue the mere fact that they happen to own some BTC does not mean that they have adopted BTC in any kind of meaningful way..

So the study is way the fuck overestimating where BTC is at currently, especially since a vast majority of peeps have hardly any clue what BTC is or the significance of BTC.

I would say that many of the active participants of this thread are decently educated about what BTC is, but even in this thread, there are a large number of us who don't really understand BTC very well and we do not even understand the extent to which we should allocate value into BTC and are we sufficiently allocated into BTC.

In other words, fuck those kinds of attempts to suggest that bitcoin is anywhere near double digits adoption - when the fact of the matter remains that bitcoin has hardly even reached 1% adoption with the population that matters, and that is world-wide population - even though there is some skewing of adoption in which some people (not just Michael Saylor) are way more allocated than the average person would ever be able to approach.. and surely right now there could be a lot of folks who could gather up resources to sufficiently allocate up to 1 BTC or some other reasonable amount like that, but BTC is not like the adoption of refrigerators in the sense that one or two refrigerators might be enough to show that you have adopted refrigerators.. In the case of bitcoin, quantity of bitcoins that might constitute "adequate" adoption is going to change with passage of price, and in 5-10 years, it will likely be proclaimed that the current average broke college student with .00027168 BTC is adequately into bitcoin (adopted), but they are also going to need to be able to hang onto those BTC too, in the next 5-10 years, which is likely another angle that shows quantity of BTC cannot be meaningfully compared to quantity of refrigerators or some other aspect of technology in which more can be produced as adoption increases.

Bitcoin adoption could reach 90% by 2030, investment firm founder claims
Adoption started slow but has ramped up with the passage of time.

https://cointelegraph.com/news/bitcoin-adoption-could-reach-90-by-2030-investment-firm-founder-claims

Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin.

It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional.

There is no way that 10% of US already owns bitcoin.
I think that we are still in a low-mid single digits.
However, I don't count owning a few sats on Robinhood for giggles a true ownership of bitcoin.

Biodom said it better than me.   

[Heater]

Option A:  Turn your kids into little spies and snitches.

Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism.

In Nineteen Eighty-Four, Orwell fictionalized a scenario in which people were terrified of their own children.  In reality, such things have actually happened in overtly Communist countries.  And nowadays, in some various so-called “free”, very much democratic countries, children are being groomed (yes, groomed) to tell indoctrination camp “school” staff about everything from their parents’ political heresies to legal household gun ownership, under the rubric of “child safety” and “mental health”.

Orwell might have fictionalized it in Nineteen Eighty-Four, but the inspiration was from his very real experience of commies in the Spanish Civil War.

[goldkingcoiner]

Option A:  Turn your kids into little spies and snitches.

Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism.

In Nineteen Eighty-Four, Orwell fictionalized a scenario in which people were terrified of their own children.  In reality, such things have actually happened in overtly Communist countries.  And nowadays, in some various so-called “free”, very much democratic countries, children are being groomed (yes, groomed) to tell indoctrination camp “school” staff about everything from their parents’ political heresies to legal household gun ownership, under the rubric of “child safety” and “mental health”.

Orwell might have fictionalized it in Nineteen Eighty-Four, but the inspiration was from his very real experience of commies in the Spanish Civil War.

You should watch the videos of Yuri Bezmenov. EX high ranking KGB spills about the methods of communism to spread.

[BobLawblaw]

Hold onto your butts.

[El duderino_]

Would this have the do something with BTC at that time? 

[Searing]

Bitcoin adoption could reach 90% by 2030, investment firm founder claims
Adoption started slow but has ramped up with the passage of time.

https://cointelegraph.com/news/bitcoin-adoption-could-reach-90-by-2030-investment-firm-founder-claims

Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin.

It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional.

I have 'friends' who have at the beginning of my 2013 Bitcoin mining....had a full scale and 'legit' in their mind...intervention..that I needed to sell out at $500 usd.

Ended up in a shouting match. So they don't say much anymore. But I need little graphs like this to at least 'try' to wake them up to get some BTC dust of some kind.

It may not be elegant and not exactly 'kosher' but ever once in awhile something like the above graph ...well..it 'oops' appears on my FaceBook feed.

I guess by this time they still think, it will go down by 90%...but maybe not......so progress I think...but it is 'annoying' when for years with little risk and

little money..it would have been nice to have them 'totter' along with me.

I've lately been telling 'newbies' w/o and funds to 'attic mine' crap out of their attic and sell it in small lots on eBay..even if only $20 here an there..it adds up..

with all the free time with pandemic and just buy BTC with such for a bit

of BTC dust. Indeed estate sales/rummage sales/etc and just 'flipping stuff at 2x the $$$ on eBay would be a small hobby equivalent to home mining.

I know home mining is dead, but figure it would at least be interesting to do..not like I made zip home mining when I started either but it was interesting

trying to do more of the same with stuff we all othewise would die with our attic's full of stuff anyway..so why not?..so far a few takers on the forum here but in my real

life...nada...zilch.

So anyway, with friends family it will someday come down to this very, very, likely 'pained' conversation..that goes something like this.

'Why did you NOT 'twist my arm' and sit on me and MAKE me buy Bitcoin/Crypto back in the day?" ..end quote....they all forget that I pretty much

tried to do this for years and got the same look as Aliens landing/UFOs/Fairy Dust and Unicorn's 'existing' and farting Rainbows!!!

..but anyway, I see that conversation coming.....I figure right around $15k ..if not sooner.

Brad

[yslyv]

Futures are like shit today. and it is getting worse and worse everyday. Few days left till elections. There is no pedal to stop this vehile till the elections. Popcorn mode on 

[bitebits]

^ Of course you want your friends to be well off Searing, maybe even for a tiny selfish reason so they can join you for a beer during day time. But if you make them buy without them understanding what they have bought, their hands will be weak. And worse might even blame you when it again dips with >80%.

Many people can’t stand losing a dollar, even when the upside is $10 (‘asymmetric bet’).

[DaRude]

Futures are like shit today. and it is getting worse and worse everyday. Few days left till elections. There is no pedal to stop this vehile till the elections. Popcorn mode on 

And corn is down 

[bitebits]

First signs of de-coupling behaviour spotted between BTC and stocks.

Buying from an influx of new users provides price support preventing speculators from trading the correlation downwards.

[...]

Note that stocks may continue to rise, if that's the case the notion of de-coupling is not so important. What this test shows is that if stocks crash, Bitcoin powered by its large adoption s-curve, swallowing ever more capital, will present perfectly good safe haven properties.

https://twitter.com/woonomic/status/1321840132723367937

[Karartma1]

FullNode: you have the best hat design around so far! Congrats and welcome to the club!

To all the others: don't get obfuscated by short-term mini-dumps. Bitcoin is a supermassive black hole now and that can not be stopped. Try to imagine how many Saylors we will have in 1 3 6 12 months. It can't be stopped, it won't be stopped. Single bitcoins will be soon out of stock for many. Hope you have yours 

[Krubster]

btw, we're up 60% since the halving...

What happen to the post-halving crash everyone was talking about? 

[El duderino_]

First signs of de-coupling behaviour spotted between BTC and stocks.

Buying from an influx of new users provides price support preventing speculators from trading the correlation downwards.

[...]

Note that stocks may continue to rise, if that's the case the notion of de-coupling is not so important. What this test shows is that if stocks crash, Bitcoin powered by its large adoption s-curve, swallowing ever more capital, will present perfectly good safe haven properties.

https://twitter.com/woonomic/status/1321840132723367937

Fully enjoy threads like these...!!

Decoupling = a thing

[icopress]

Changed: Added source https://cont.ws/@inc/90101A small selection of abandoned military facilities of the past ^Offtopic...

• American Sherman tank off the coast of Saipan

• Soviet radio telescope, Latvia

• Runways on Tinian Island, Mariana Islands

• Small fort in the Philippines

• Tower forts built during World War II to protect against air attacks off the coast of England

• Hangar for military aircraft carved directly into the rock in Yugoslavia over 3 km long

• Anti-missile base, North Dakota, USA

• Experimental eavesdropping devices, England

• NATO submarine base in the rock, Norway.

[bitebits]

Bitcoin still has a lot of upside. Such confidence in banks, even after 2009 (the reason Bitcoin saw the day of light):


https://medium.com/currency-waves/a-half-centurys-erosion-of-trust-427760fe84e9

[FullNode]

Now I am working,grateful to everyone for helping me to have enough merits for my hat,tonight I will upload it to my profile
Today the day will be long

[BitcoinGirl.Club]

Good morning WO!
Observing @ $13,300

And it seems as the day progress we starts gaining price and then go down to $13.1k

[BitcoinGirl.Club]

@El duderino_ what milk you are drinking 😛

[AlcoHoDL]

A small selection of abandoned military facilities of the past ^Offtopic...

[...]

Nice collection. Another one worth viewing is the Soviet Union's version of an "Ekranoplan", a type of flying ship that uses the ground effect to effectively "float" a few meters above sea level.

The 242-foot, 400-ton MD-160 was the sole Lun-class Ekranoplan built by the Soviets [1]:



Aerial view [2]:



Sources: [1], [2]


Edit: Here's a satellite photo of the Lun-class Ekranoplan shown above, at Kaspiysk (currently Republic of Dagestan, formerly USSR), from Bing Maps [Coordinates: 42.881692, 47.656986]:



I initially visited Google Maps, but couldn't spot it... Googling about it, I found out that on 31 July 2020 the Lun-class was towed from Kaspiysk to Derbent, Republic of Dagestan, where it will will be put on display at the (future) Patriot Park on the Caspian Sea [3], [4]. Google Maps must have recently updated their satellite images, and show the, now empty, dock platform.

Sources: [3], [4]