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

[cygan]

will we see the '50k-valentine's day-USD' today?

[1714135217]

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[sirazimuth]

I swear, if some wo bro started a separate Mindrust thread, this thread would  lose like 10 pages a day in traffic...

[ChinkyEyes]

His username is quite ironic. Mind "rust", rust meaning peace in Dutch, none of the Dutch/Belgian WO's ever noticed this? One could say his mind is far from peace


On a side note:

Hodling during a bearmarket is tough, hodling and not selling it all during a bull market is even tougher lol

[sirazimuth]

His username is quite ironic. Mind "rust", ....

....says the dude whose username is....ahhh.... nm, don't want to go there.....

[somac.]

His username is quite ironic. Mind "rust", rust meaning peace in Dutch, none of the Dutch/Belgian WO's ever noticed this? One could say his mind is far from peace


On a side note:

Hodling during a bearmarket is tough, hodling and not selling it all during a bull market is even tougher lol

I don't know, I'm finding it very hard to sell even a little bit. When I first invested in 2013 I thought to myself I'll sell some at 40k to fund everything I need. Well, I ain't fucking selling. I'm thinking closer to 100k is when I'll sell now and that will only be a small percentage. I'll be generating an income off the rest, capital gains taxes can go to hell, income taxes on a yield from my BTC, I can handle that.

[Cryptotourist]

In some sense, some of us likely feel bad for him (referring to Mindrust).. because it is difficult to know how to get such thoughts to stop..

I don't feel at all bad for him - maybe pissed off a little.
It doesn't make any sense what he did and what he keeps doing, unless he's on a mission.

BTC could help him recover theoretically, but he's committed to rusty pipes you see.

~ stubborn, sometimes, those lil kiddies.

And don't forget straight up mean.

I would have gotten revenge with furious anger, if you had locked me in a closet uncle Jay.
[sabotage toothpaste, water traps, colors everywhere, computer down, death.to.everything.you.treasure]

I think mindrust's current behaviour comes from the natural protective reaction of the human mind. It protects the human from going insane, by creating (and amplifying) reasons to justify one's wrong decisions. I wouldn't be surprised to see mindrust behaving 10x like r0ach, shilling PMs and supporting 5G/alien/COVID-19 conspiracy theories.

It's his job. Make the best of it.
Also it's just an account. A burn account.

[bitebits]

^ Nah:

[serveria.com]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

In some sense, some of us likely feel bad for him (referring to Mindrust).. because it is difficult to know how to get such thoughts to stop..

it is a kind of post hoc rationalizing after having had sold too many coins too soon (referring to bitcoin).

If fuzzes up and fucks up the thinking of maybe even the smartest of peeps - kind of demonstrating that we don't want to end up going down that road, because it likely becomes almost impossible to come back.. including the thoughts that you always want to try to stay ahead of the game a bit - but continuing to be overinvested in BTC rather than underinvested, even if a large amount of suffering might have to take place during longer term BTC price corrections that do happen from time to time and we have no reason to believe that they are not going to happen in the future, even though some peeps talk about supercycles that are suggesting that such longer and deeper corrections might not happen from here on out (that is if we enter into a supercycle).

I think mindrust's current behaviour comes from the natural protective reaction of the human mind. It protects the human from going insane, by creating (and amplifying) reasons to justify one's wrong decisions. I wouldn't be surprised to see mindrust behaving 10x like r0ach, shilling PMs and supporting 5G/alien/COVID-19 conspiracy theories.

Yeah, exactly this. I can see mindrust turning into a racist chauvinistic nazi eventually.... 

[Mbitr]

Remember your one true love today - HAPPY VALENTINES DAY BTC

[Wekkel]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

Notice how Mindrust never once mentions Bitcoin?

It's all "crypto, crypto, crypto".

Talk about being in denial.

If he’s into altcoins, he’s working on getting his number of Bitcoin back. Pray for him. I’ll surely wait for his return.

[HairyMaclairy]

Exactly this.  Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake.  Only currencies do not require anything to be added.  

can be fake...maybe...not sure if 100% true due to decentralized oracles.
without going into too much detail, here is some info on the underlying problem and an attempt to find a solution.
https://medium.com/better-programming/what-is-a-blockchain-oracle-f5ccab8dbd72

I am not sufficiently math savvy to ascertain whether it is a real solution or not..js
it seems that bitcoin does not need that, but some sidechains might.

Assassination markets surely do.

I discovered an article while researching bitcoin, some time before buying my first. When I first read it, bitcoin was very young (I think the article itself predates Satoshi's public work) and believed to be practically anonymous. The fact that it isn't anonymous is not actually relevant as long as other private coins exist, or privacy can be enhanced with add-ons.

There was no Wikipedia article on assassination markets then, but the revolutionary implications of this idea struck a chord. I had a flash of Bitcoin's potential to change the world, finance apart.

Here's the article, still in its original form: Assassination Politics.

Hang on a second here.  Assassination markets have nothing to do with blockchain.  Yes they are arguably more efficient when using cryptocurrency but we already know that dark markets get busted / do a runner constantly.

So while there is a theoretical argument for assassination markets (which tends to fail in real life), it doesn’t prove the case for blockchain.

Biodom I will have to read your link.  

Edit:  Biodom I have read the link and am none the wiser.  Do these decentralised oracles vote?  What stops sock puppet attacks?

[JohnBitCo]

[HairyMaclairy]

Exactly this.  Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake.  Only currencies do not require anything to be added.  

Not necessarily worthless. You can add a fake piece of information, but it's timestamped. What matters more, it forces you to fake later info related to the first fake piece. You can't go back and fix the logs after the fact. This can be valuable even if the info itself could be fake.

As someone who pays other people to sanitize databases, I disagree.  A large database where you know 1% of the data is invalid but you don’t know which 1%, means you have to validate the entire database from top to bottom for mission critical applications.  

So any errors in a database can easily invalidate the entire database.  It all depends on the severity of the consequences of relying on bad data. For non-mission critical stuff, 90% correct might be just fine.

For a blockchain application where people are putting their trust and faith in the blockchain, that sounds mission critical to me.  

[fillippone]

SO FUCKING BORED.

Can we please hit $50k already?

I don't feel I'm asking for very much.

The big boys are just teasing us.
Come on now bros, 50k deserves a lot of foreplay... doncha think?

****


Good lord. fillippone not even 1000 activity and approaching 5000 merit (and no airdrop)...respect.

jeeezus christ! I just noticed (s)he not legendary! wtf??

I'm a freak, I know.

[HairyMaclairy]

That $50k resistance is just slowly being pounded away.

At dawn the ravens will gather to feast on the corpses of the shorts. 

[El duderino_]

valentines Sunday.
Weekendpump in progress mode.
Stifler classic NOW.

[El duderino_]

His username is quite ironic. Mind "rust", rust meaning peace in Dutch, none of the Dutch/Belgian WO's ever noticed this? One could say his mind is far from peace


On a side note:

Hodling during a bearmarket is tough, hodling and not selling it all during a bull market is even tougher lol

Brother I have written this a lot .... thought the same very ironic

Mind put on rust

 

[btcbeliever]

On a side note:

Hodling during a bearmarket is tough, hodling and not selling it all during a bull market is even tougher lol

Not if you sold enough for fiat already, and if the future looks shaker for all the world's fiat than for bitcoin!

[ChinkyEyes]

I don't know, I'm finding it very hard to sell even a little bit. When I first invested in 2013 I thought to myself I'll sell some at 40k to fund everything I need. Well, I ain't fucking selling. I'm thinking closer to 100k is when I'll sell now and that will only be a small percentage. I'll be generating an income off the rest, capital gains taxes can go to hell, income taxes on a yield from my BTC, I can handle that.

yeah same just selling tiny bits the way up. But had to revise my selling strategy a couple of times last year and this year because the price was moving so quickly

Brother I have written this a lot .... thought the same very ironic
Mind put on rust

 

Oh I guess I missed those posts 
Mind has gotten really rusty

[El duderino_]

^ Nah:

I guess some will see it this way 

Maybe not us or many of us .... but there are people (mindrust) for example ....