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

[xhomerx10]

Every time I scroll past this, I think it's a dildo:

 I thought it was the handle of a very old and abused katana.
 

[JayJuanGee]

[—in re personal viciousness and treachery—]

Now, that was “pulling a mindrust!”

I suppose that it is a matter of character.

JJG was more right than he knew!

I almost want to give him some Bitcoin, a trivial amount, just to stop him from being a nocoiner.

Gotta be careful in helping out nocoiners too much because frequently they got to being nocoiners for a reason.

Mindrust is likely NOT in a very solid state of mind, currently.

Was he ever?

Probably does not hurt to give him the benefit of the doubt in terms of seeming to be engaging in normal kind of plan to accumulate bitcoin and then to get into a kind of "scared as shit" status - including perhaps being too receptive to various bearish scenarios...

Of course, we cannot really know with any certainty that he was being genuine about this, especially when so many members here found it quite incredulous that he would both sell all of his coins and then fail/refuse to buy them back.. even when the BTC price got very close to (if not below) his earlier sales price.. which was around $4,500 it seems.

So, anyhow making a decently BIG financial mistake (which surely was a kind of gambling that he might be able to buy back lower.. and being a bit stubborn in his head that he was going to be smarter than everyone else and realize his buying lower expectation)... so yeah, it is almost a perfect situation that might have exacerbated a previous condition  - which is another way of saying to make a previous condition worse.. just by the context and some of the luck / or skills in the whole matter... that ended up being the bottom was in at $3,850.. was not going any lower.. , even if it was not clear to any of us.. but he remained inclined to gamble against what seemed to be the odds and his bad decision made worse..  but some of us were not willing to take such chances to sell on the way down (and so much down) with an expectation of buying lower... even though a lot of us might have still been traumatized by the stress of the whole BIG downity price situation. 

There is hereby a greater point than some irrelevant individual forum user.  Jay, you recall how I defended mindrust—how I urged others not to humiliate him personally over a poor financial decision.  The term “pulling a mindrust” seemed to me untoward.

Sure.. I recall some points of you defending mindrust... even though I don't recall any of us really being very mean about the whole situation... because I think that a lot of people here generally had appreciated mindrust and his various participations in the forum and the thread prior to his having had gone off the deep end.. many of us were sympathetic.. even though some more skeptical than others regarding the genuineness of the whole story...

Well, as I said, I learned a lesson here.  What hidden flaws of character may be the underlying cause, if a man suddenly flips on something that he had thereto praised so highly—turns against it, not by his words, but by actions that say, “I don’t think that this is a good idea!”

There are some other members who had bordered on those kinds of weaknesses, too.... There may have been some who just did not post about it, but made similar panic sales around that time and similar BTC price correction periods like that.

Emotional pressure from a bear market is irrelevant.  If somebody’s behaviour is dangerously unstable under emotional pressure, then it is dangerously unstable, period.  Life is pressure.  Some proverbs about fair-weather friends come to mind.

Perhaps?  But if you really are not investing more than you can afford to lose, as many of us suggest over and over and over, then you have made such a mistake that is going to be exploited.. and surely, going past the line of investing way more than you can afford to lose ends up being part of the contributory factor that many of us might not go beyond... I cannot remember how much of his percentage that he had put into bitcoin, but it was something approaching 40% or 50% or something like that...

I mean I recommend 1% to 10% for starters, and I could see if some peeps might go up to 20% or even 30%, but they better also have fairly solid abilities to support themselves with their other finances...   So the higher the percentage that they put in, then the harder it might be to balance the pressures of DOWNity BTC price movement when it happens.

I mean at some point before he went all out, he must have gone all in.. and got to his 10BTC threshold thinking that the bottom was "in" around $5k to $6k.. and surely the price kept dropping, even though he had been kind of rooting for down.. which may have been a kind of strange reverse psychology, because the next thing you know, as the BTC price kept dropping below $5k, he is then saying that he is out.. blah blah blah..

Much though I dislike the alleged “cult mentality” of Bitcoiners who criticize others for not believing hard enough, if somebody does believe in Bitcoin, and preaches it, and practises it—and then suddenly dumps all of his bitcoins in the heat of the moment!—not even hedges more or less rationally, but dumps Bitcoin altogether—then in retrospect, I see that it was naïve of me not to take that as an indication of character.

We all have these kinds of weaknesses that are potentially within us.. and probably part of the reason that we build and build and build, including some peeps proclaiming to use titanium plates, is because we have to work on our predicament that involves both our finances and our psychology... so we pretty much know what we are going to do, and any panic that we have is contained within reason.. and if we do not continue to practice such preparations, each of us is likely subject to those similar kinds of vulnerabilities in allowing our emotions to push us to a place that we should not be going.

I don’t expect much from random peeps on the interwebs.  

Yeah.. but we still kind of get to know each other.. and mindrust had been active for a decently long period... and he had made some similar mistakes in the past of allowing his emotions to get to him, so he did have quite a few emotional bouts before the BIG one had hit in mid March.. so it was NOT completely out of the blue that someone like him might have gotten emotional.

I do not expect to be consoled or patted on the head by arbitrary people!

Sure.. some people do... so yeah.. sometimes there are meanies on the interwebs.. including yours truly.

 I do expect that anyone with even the slightest shred of decency will not take the initiative to seek out and attack me personally on the grounds that I’ve been upset over the disappearance of my friend.  WTF?

I don't know.. if you are sensitive in protecting Lauda.. that seems to be on you, more than anything... some people might purposefully want to rattle you in that direction, so in that regard, you might actually put yourself in such a position if you get too attached to that kind of thing... or showing that you are attached in that kind of way...

 I suppose that is what WO people meant by “pulling a mindrust”.

Pulling a mindrust could be interpreted in a variety of ways.. and I believe it is largely a panic sell kind of situation rather than any kind of "getting emotional" situation.

There are a lot of ways that peeps get emotional.. and  many of those situations would likely not fall into "pulling a mindrust" within the current definition unless it somehow involved selling BTC on the way down, refusing to buy back in, refusing to recognize losses and just deal with it or something like that...

Reply to Jay to be continued on other subjects—I hope.  Trying not to fall behind the thread, at this particular moment.

Whatever suits you.... 

[Icygreen]

Jeebus, can't help but thinking that the entire shit show which is Murica RN could have been avoided with an app called 'Vote' based on Bitcoin.    Next election, if...

[xhomerx10]

..... he isn't the president elect. He hasn't been certified the winner of any states yet. And since you're bringing up Al Gore, remember that the media prematurely declared him president elect in 2000 as well.

Dude, I get it. Your guy didn't win. I, and the majority of the voters, were there 4 years ago and I/we know it hurts.
But being in (what looks like) denial about it does not help the process of moving on.
Yes, you are right, the media ended up getting it wrong in 2000 , though they missed the mark by an infinitesimally small amount. (less than a thousand votes)
"Once bitten, twice shy" as the saying goes. It's why they didn't call it yesterday.

I'll level with you. I think there was widespread voter fraud and shenanigans. I still have just enough trust in our American system to believe that any illegitimate votes will be nullified, one way or another.

 I find it odd that, for the 2016 US Presidential election, more than 71 million people tuned in to watch it on television but for the 2020 election only a little over 59 million people watched.  A record number of votes were cast for this 2020 election - in fact, this election had the highest voter turnout in 120 years - but somehow that didn't translate into a record number of viewers tuning in to see how their chosen candidate made out.

[Arriemoller]

On the subject of Sean Connery/007, have you heard that the next James Bond will be a black woman, Lashana Lynch?
She sees it as "challenging stereotypes" and "is greatful to challenge these narratives". We are moving away from a poisoning masculinity, she says to Harper's Bazaar.

Don't they realize that James Bond is so popular because he is a stereotype?
Remove the stereotype and there is no James Bond. This is going to end up a disaster, go woke, go broke.

[nullius]

Previously in the Wall Observer:

...kitty, kitty... that fury beast.

Lauda is a Maximal Maximalist. [...]

I love Lauda (don’t take that the wrong way: our relation is amicably professional).  So do many others.  And is she fearsome?  Frankly, I love the cat because she’s not a pussy (so to speak).

In regards to Lauda, of course her decision to exit the forum could be a bit traumatic, especially for any members who considered her services to have been a benefit to the forum......

I think that was many people’s reaction.  She did much for the community, over the course of seven years.  —Much for the community, as others do on various levels and in different ways.  Not comparing anyone to anyone else, Jay, you know that many people (including myself) would be some level of unhappy if you were to disappear.  #nohomo  WO folks would be drinking beers, and reminiscing on your wordy-man walls-o’-text; those who have benefitted materially from your market analysis, discussion, and debate may take it harder, if they have any sense of gratitude.

Whereas Lauda’s departure hit me more personally, because...

You should be protecting yourself though because none of us (or other random peeps on the internet) give any shits about you as much as you should be protecting yourself, psychologically and financially.

Lauda did.  And that is all that I will say about that cat.

In view of my previous post, it is ironic that I raise your thereby quote from this context:

and yet, some of the replies that I am getting here, especially what explorer said, are a little bit too close to “you don’t believe hard enough”.

Anyway, I don’t give any shits about Internet forums generally.  Besides making forum art just to amuse myself, I spent so much time here for a reason.  Now that the reason is gone, it is more or less just a matter of habit, plus some loose ends, etc.  I do personally respect and value some other individuals here; but that is not a reason to dwell so much on a public forum.

At least 51% of the reason why I returned to the forum on 2020-01-01 was to reconnect with Lauda.

I don't know.. if you are sensitive in protecting Lauda.. that seems to be on you, more than anything... some people might purposefully want to rattle you in that direction, so in that regard, you might actually put yourself in such a position if you get too attached to that kind of thing... or showing that you are attached in that kind of way...

That does not get to me personally.  Seriously, Jay...

sometimes there are meanies on the interwebs.. including yours truly.

...have you seen anyone meaner than I am? ;-)

Wherefore those who may “want to rattle” me are only asking for me to blowtorch their faces.  Given my naturally aggressive personality, it is not a problem for me.

but surely life happens

Indeed.  Life goes on.  😼

This nonexistent cat admired strength and despised weakness:

Free images of Lauda!
Protip:  If nullius drops a Youtube link, it is probably not stupid.
https://www.youtube.com/watch?v=dCKbRCUyop8

[philipma1957]

Every time I scroll past this, I think it's a dildo:

See another thing we agree on.

[sirazimuth]

hey nully
Go get yerself a gf irl
It beats staring and at screen 24/7 and worshipping a fucking cat avatar

(I know, that was harsh, but I've had a few...)

[Biodom]

Sell some based on price or based on timing (like a predicted peak at the end of 2021)?
I did not expect the peak in July 2019 when we were supposed to be simply consolidating a la 2015.
Perhaps, with less of a shock in supply after the last halving we might still be rising in 2022.
Thoughts?

[nullius]

hey nully
Go get yerself a gf irl
It beats staring and at screen 24/7 and worshipping a fucking cat avatar

(I know, that was harsh, but I've had a few...)

If you venture such an opinion on personal matters about which you know nothing, then you are a mentally retarded child who lacks both the reading comprehension to understand what I have said on the topic, and the experiential maturity to realize that there is much I have not said because it is none of your business.  Indeed, you lack even the basic life skills to understand that you don’t know me.

Your advice is accordingly filed under “taken under advisement”. 🗑️

...self-righteous indignation if you dare to question their “right to an opinion”.  Everybody is entitled to an opinion!

Wherefore those who may “want to rattle” me are only asking for me to blowtorch their faces.  Given my naturally aggressive personality, it is not a problem for me.

[Toxic2040]

Sell some based on price or based on timing (like a predicted peak at the end of 2021)?
I did not expect the peak in July 2019 when we were supposed to be simply consolidating a la 2015.
Perhaps, with less of a shock in supply after the last halving we might still be rising in 2022.
Thoughts?

most of the induced shock on supply chains should have receded by late '21..I think this will extend buoyancy into Q1 and maybe Q2 of '22

perhaps enough to catch the front edge of the forth epoch

I do think selling at set prices is possibly a better way. Stuff happens..as we have seen this year. You cant always time things the way you want in life.

That being said..history does rhyme imo.


-----------

dyor

1h


4h

stronghands

[JayJuanGee]

Previously in the Wall Observer:

...kitty, kitty... that fury beast.

Lauda is a Maximal Maximalist. [...]

I love Lauda (don’t take that the wrong way: our relation is amicably professional).  So do many others.  And is she fearsome?  Frankly, I love the cat because she’s not a pussy (so to speak).

In regards to Lauda, of course her decision to exit the forum could be a bit traumatic, especially for any members who considered her services to have been a benefit to the forum......

I think that was many people’s reaction.  She did much for the community, over the course of seven years.  —Much for the community, as others do on various levels and in different ways.  Not comparing anyone to anyone else, Jay, you know that many people (including myself) would be some level of unhappy if you were to disappear.  #nohomo  WO folks would be drinking beers, and reminiscing on your wordy-man walls-o’-text; those who have benefitted materially from your market analysis, discussion, and debate may take it harder, if they have any sense of gratitude.

I suppose that if any of us are around enough and we engage in persistent posts - or even have some consistencies, then we may well be appreciated for some of our contributions... and surely, Lauda could really get into a lot of disputes, and surely being both proud of being the red marker and NOT hesitant to use such red marker caused some hostilities - especially when no other member stepped up to such plate... so surely some of that has (or had) its place in a forum like this.....

Whereas Lauda’s departure hit me more personally, because...

You should be protecting yourself though because none of us (or other random peeps on the internet) give any shits about you as much as you should be protecting yourself, psychologically and financially.

Lauda did.  And that is all that I will say about that cat.

Fair enough.. It does not hurt to have some peeps who are willing to stand up for you, and that kind of thing... I remember some of my older cousins were like that towards me in grade school... so a similar kind of phenomenon.

In view of my previous post, it is ironic that I raise your thereby quote from this context:

and yet, some of the replies that I am getting here, especially what explorer said, are a little bit too close to “you don’t believe hard enough”.

Anyway, I don’t give any shits about Internet forums generally.  Besides making forum art just to amuse myself, I spent so much time here for a reason.  Now that the reason is gone, it is more or less just a matter of habit, plus some loose ends, etc.  I do personally respect and value some other individuals here; but that is not a reason to dwell so much on a public forum.

At least 51% of the reason why I returned to the forum on 2020-01-01 was to reconnect with Lauda.

My reasons have been to connect with bitcoin and learning about bitcoin.

Sure, I met some peeps along the way, but I cannot consider that I come for any peeps, specifically except if there might be some substantive matters that happen.. and of course, I attempt to follow the posts of certain members, too.... so yeah, if the member has shown to put forth content that resonates with me, then I may well spend more time reading their content in detail and even responding to various portions... whether serious, substantive or even light-hearted responses.

I don't know.. if you are sensitive in protecting Lauda.. that seems to be on you, more than anything... some people might purposefully want to rattle you in that direction, so in that regard, you might actually put yourself in such a position if you get too attached to that kind of thing... or showing that you are attached in that kind of way...

That does not get to me personally.  Seriously, Jay...

Fair enough... Sometimes I will write something that appears to show emotions but it may well be a kind of emphasis rather than actual emotions.. not that I am a bot...

sometimes there are meanies on the interwebs.. including yours truly.

...have you seen anyone meaner than I am? ;-)

Just like there are differing kinds of nice, differing kinds of intelligent, differing kinds of substance sharing, there are also different kinds of meanies...    I cannot say that I have any favorite meanie..

Wherefore those who may “want to rattle” me are only asking for me to blowtorch their faces.  Given my naturally aggressive personality, it is not a problem for me.

Is it worth it?

Sure sometimes I respond to other posts that I know are going to largely be a waste of time... so yeah, each of us will decide whether to spend time responding and whether we believe our spent time is being spent in a worthy way.

but surely life happens

Indeed.  Life goes on.  😼

This nonexistent cat admired strength and despised weakness:

Free images of Lauda!
Protip:  If nullius drops a Youtube link, it is probably not stupid.
https://www.youtube.com/watch?v=dCKbRCUyop8

Not sure about GAN... I did watch almost half of the video without conceding whether I understood any of what I saw/heard.  

[JayJuanGee]

Sell some based on price or based on timing (like a predicted peak at the end of 2021)?
I did not expect the peak in July 2019 when we were supposed to be simply consolidating a la 2015.
Perhaps, with less of a shock in supply after the last halving we might still be rising in 2022.
Thoughts?

Your guess is as good as mine, whether we might have some gradual increase that ends up in a blow off top one year or a wee bit more, or if we were to get some kind of double top like 2013 - or if there might be some other kind of variation.

How would anyone know the pattern with any kind of certainty before it happens... because the pattern kind of creates itself, as it goes, no?

[edited out]  

Your advice is accordingly filed under “taken under advisement”.

Quoted for the proofs that nullius is a bot.

[nullius]

People whose wealth is invested in illiquid, immovable property within a jurisdiction tend to think more long-term; and most especially, people who own their own homes (in contradistinction to investment properties) have the most to lose from bad government.

Proof of stake.

Why did I not think of that metaphor whilst wearing my political philosophy hat.  Switching to my cryptocurrency discussion hat...

I still have just enough trust in our American system to believe that any illegitimate votes will be nullified, one way or another.

Does it count (so to speak) if I incite the robots to Kill All Humans?  That will nullify votes—all votes, “one way or another”!

Fear nothing.

It's probably about 50/50, which is too close for my comfort.

O.k... I did a quickie looking it up, and you seem to be correct about the split, [...]

Politics is never over, right?

I called it 50/50 in P&S, and bet accordingly.

The more interesting part is:  The election being close keeps it exciting!  Do you remember the time, not so long ago, when the mainstream media were whining about “voter apathy” and low turnout rates?  (Why, just why do you suppose that that worries them!?)

If they make you feel like your vote counts—as if elections are so close that your vote could be decisive—then it keeps you engaged with the system!

Like betting on cockfights or football games:  The whole concept of this thread adequately sums the value of democracy.  It is entertainment.  It keeps the proles distracted, and dissipates their energies in a way that is harmless to the system.

On Votaries of the Vote [...]

Every one being allowed to learn to read, ruineth in the long run not only writing but also thinking.

If people with a IQ under 100 weren't allowed to vote there wouldn't be any Dem. American votes. That would be no fun.

FYFY.

~ 70 million voted for Trump, that's 70 million people with guns who don't believe the Intl Commie elite Deep State psyop, psycho-babble, propaganda bullshit

Trump is a globalist, maybe 10% less globalist than GOP neocons.  Biden is an Internationalist.  The difference is... indistinct.

Anyway, marcus, please don’t tell me that you are in hock to the Kushners?  ;-)

The big benefit of Trump being the POTUS has been the salty, delicious taste of liberal tears!  To be honest, it is the primary reason why I bet 0.01 BTC that Trump would win (and I did a charity bet with theymos, so that no liberal would benefit from me in any way if Trump were to lose).  May the liberal tears continue to flow.

Historical Images !!!!!

What's that? CNN trying to attain 'relevant' status?

Good call, xhomerx10.  Why is this not fucking showered with WOsmerit?

[explorer]

Sell some based on price or based on timing (like a predicted peak at the end of 2021)?
I did not expect the peak in July 2019 when we were supposed to be simply consolidating a la 2015.
Perhaps, with less of a shock in supply after the last halving we might still be rising in 2022.
Thoughts?

I'm coming to believe that it will be fast and high, or slow and 'low'.  It might rise into '22, but my opinion is that it would not reach the heights caused by an earlier, more violent rise.  Argue that it is better for bitcoin, worse, or whatever; Less peaky is less high  IMO.  I am excited to watch either way, because the Magnitude-Up is arriving soon.

[Toxic2040]

Good call, xhomerx10.  Why is this not fucking showered with WOsmerit?

+1 WOsMerit


------

realised or generative cats only require a warm place to nap...    shrug_smile.py




“What I cannot create, I do not understand.” — Richard P. Feynman


-------

Nulli...on a more personal note I must admit some fascination with some of your posts...but by the gods man..bloviate much?

[Biodom]

Sell some based on price or based on timing (like a predicted peak at the end of 2021)?
I did not expect the peak in July 2019 when we were supposed to be simply consolidating a la 2015.
Perhaps, with less of a shock in supply after the last halving we might still be rising in 2022.
Thoughts?

I'm coming to believe that it will be fast and high, or slow and 'low'.  It might rise into '22, but my opinion is that it would not reach the heights caused by an earier, more violent rise.  Argue that it is better for bitcoin, worse, or whatever; Less peaky is less high  IMO.  I am excited to watch either way, because the Magnitude-Up is arriving soon.

I liked the magnitude-up.
I calculated from such...the dreams of reaching work-escape velocity, but then I had second thoughts...what I am going to do all day long providing that I cannot go anywhere, as in the last 8 mo or so? Sure, I can read a bit, watch some educational videos, post on various forums, including this one, and even take some classes, but I would get idle for sure.
Retiring, then un-retiring might not be a good idea either. Today is the first day of rest in the last three weeks or so, but normally it is not THAT much. The mind is used to work, not sure if quitting will do me any good.

[Searing]

It's happening!

May I present...the MS Satoshi.

Sheesh! What does it cost to get a 'wave related' Condo on this beasty? Link?

(no way I can but curious)

Brad

Cabins starting at $25,000

You can check out the rooms here: https://oceanbuilders.com/auction-page

I shall get back to you my good man when BTC hits somewhere in the neighborhood of $125,000.00 each...which shall be ..lets say within 6 months maybe?

(heh)

but actually at $125,000 BTC I 'might' actually serioiusly look at the above even at $50k a cabin at that point.

(now...I went an 'jinx'd' the works by actually attaching a BTC price to a fantasy/fairy-dust/rainbow/unicorn fart....day dream...grrrrr..you'd think I' learn...grrrr..

jinxed it...now it will likely take 'gasp' 2x as long to hit $125,000 BTC...I said above ...gasp...ONE WHOLE YEAR from now...sorry about the delay guys/gals..my bad! )

Brad

[explorer]

Sell some based on price or based on timing (like a predicted peak at the end of 2021)?
I did not expect the peak in July 2019 when we were supposed to be simply consolidating a la 2015.
Perhaps, with less of a shock in supply after the last halving we might still be rising in 2022.
Thoughts?

I'm coming to believe that it will be fast and high, or slow and 'low'.  It might rise into '22, but my opinion is that it would not reach the heights caused by an earier, more violent rise.  Argue that it is better for bitcoin, worse, or whatever; Less peaky is less high  IMO.  I am excited to watch either way, because the Magnitude-Up is arriving soon.

I liked the magnitude-up.
I calculated from such...the dreams of reaching work-escape velocity, but then I had second thoughts...what I am going to do all day long providing that I cannot go anywhere, as in the last 8 mo or so? Sure, I can read a bit, watch some educational videos, post on various forums, including this one, and even take some classes, but I would get idle for sure.
Retiring, then un-retiring might not be a good idea either. Today is the first day of rest in the last three weeks or so, but normally it is not THAT much. The mind is used to work, not sure if quitting will do me any good.

   Time.  So precious, yet so easy to waste.  I agree, Have a project to go to.  Don't spend all day, every day here 

[bitebits]

So I sold some at 15203
       and some at 15125



we are down to 14,674

question is do I buy some back at 14,500 or wait and see if it drops to 13999

This is how new fiat bag holders are born.