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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26364165 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
wxa7115
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April 08, 2021, 11:08:21 PM
Merited by JayJuanGee (1)

from $20 (two pizzas) for 10000 btc

No no no. Going that much back makes no sense. It was completely unreliable territory price-wise.

Markets as we know are just an exercise on price discovery, since its creation bitcoin should have held a very high price but it didn't, even now the price is very low compared to its real value but unfortunately we have to wait for the masses to wake up, as such I agree with your notion that prices back then should be disregarded, if anything I wonder if in 20 or 30 years once the value and the price of bitcoin finally match each other if people will think of bitcoin trading at 60k in the same way in which we think of those 10000 BTC being used to buy two pizzas and will disregard everything which happened before 2021.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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April 08, 2021, 11:18:49 PM
Merited by vapourminer (1)



Not so many years ago, it was quite common to give away a little bit of bitcoin to get people interested. Not reasonable anymore. Bitcoin used to be viewed as for the world and now it's just for the rich. Now, whether that's OK or not is a discussion that could be had but people just don't want to admit it.

Translation:

“Please, please be interested in my cryptonerd toy money.  I will give you some to get started!  Please come play with me. 🥺” = Success!

“Holy wow, are you kidding me!?  This is actually... real money.” = Bitcoin has failed.

Nobody gives away money to get people interested in money.  People are interested in money because it is valuable.  I have never heard your particular complaint being made about gold.  But soon, it will be quite common to give away a little bit of dollars to get people interested.  —Well, they are already doing that.  I hereby suggest DollarFaucet.gov to “President” Biden, so that he can save the U.S. economy.  View malware-laden ads, solve CAPTCHAs as a good little slave to robots, get stimulus!


You have totally missed the point.
This scenario is not like a grandparent giving their grandchildren $5 pocket money.
I have given Bitcoin away for years to countless people who have shown some interest. Sometimes the fees are annoyingly high for these small transactions but I still do it anyway. I'm doing this transaction there and then and I want it to clear quickly, so I err on the safe side with a higher fee. They love it and every now and they these contact me to say "wow can you believe how much it is worth now" or "how do I go about buying some Bitcoins of my own" that brings me a lot of joy and I couldn't care less about the fees any more.





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April 08, 2021, 11:31:09 PM

@cryptomanran
Let's bet that $BITCOIN breaks All Time High the day Coinbase lists next week!
https://twitter.com/cryptomanran/status/1380254708506501133?s=21

I bet it magically breaks ATH the day before the Coinbase listing. On Coinbase at least.

Coinbase listing is Mega event for crypto space Hence, It should take BTC to new ATH.

https://www.investors.com/news/technology/coinbase-ipo-cryptocurrency-bitcoin-trading-wednesday-coin/
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April 09, 2021, 01:56:48 AM
Last edit: April 09, 2021, 02:12:01 AM by BitcoinBunny
Merited by vapourminer (1), JayJuanGee (1), LFC_Bitcoin (1), AlcoHoDL (1), Phil_S (1), Kylapoiss (1), Heater (1)

This shows just how shit the altcoin performance is.

Someone spread $1000 over top 10 cryptos and held for 39 months:



Without BTC he would be down to $843 despite the bull runs (from $900 invested).
If he had invested his $1000 in only BTC he would be up to $4560.

People just don't get it. Maybe 1 in 50 in the comments on reddit see what's happening. Unbelievable.

I predict there will be millions of poor people after the next bear market and upswing considering what's going on with altcoins right now.

But of course also millions of rich BTC holders and probably already some trillionaires.
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April 09, 2021, 02:08:04 AM
Last edit: April 09, 2021, 05:36:48 AM by nullius

Not so many years ago, it was quite common to give away a little bit of bitcoin to get people interested. Not reasonable anymore. Bitcoin used to be viewed as for the world and now it's just for the rich. Now, whether that's OK or not is a discussion that could be had but people just don't want to admit it.

Translation:

“Please, please be interested in my cryptonerd toy money.  I will give you some to get started!  Please come play with me. 🥺” = Success!

“Holy wow, are you kidding me!?  This is actually... real money.” = Bitcoin has failed.

Nobody gives away money to get people interested in money.  People are interested in money because it is valuable.  I have never heard your particular complaint being made about gold.  But soon, it will be quite common to give away a little bit of dollars to get people interested.  —Well, they are already doing that.  I hereby suggest DollarFaucet.gov to “President” Biden, so that he can save the U.S. economy.  View malware-laden ads, solve CAPTCHAs as a good little slave to robots, get stimulus!

You have totally missed the point.

In the parlance this forum deserves, “no u”.

It is physically impossible that you read the text that you quoted, if this is what you got from it:

This scenario is not like a grandparent giving their grandchildren $5 pocket money.

Where did I say or imply that!?  To eludicate, I will try again with the cultural semiotics of teh interwebz:



A general protip about life:  When you need to try to attract people’s attention, then you are not successful—at least, not in the realm of human affairs.

When people seek you out because they value you, then you have succeeded.

Naturally, this principle applies to affairs with women.  By way of metaphor:  Giving away Bitcoin to “get people interested” is sitting tongue-tied in a bar, trying to think of the right line to get a girl’s attention.  You desperate nerd.  You reek of neediness.  You will go home alone.

Bitcoin is now the man, that man whom the pretty girls are approaching and hitting on.  They need to prove their value to him.  And he DGAF.  There is a limited supply of Mr. Bitcoin to go around, and everybody wants a piece of him.

He is now money—not toy money, but real money.  Another protip:  People pursue money; money does not pursue people!

Per what I said before:  Have you ever seen a goldbug in a goldbug forum giving away tenth-ounce gold coins “to get people interested”?  You claim that something is valuable, and you are giving it away—LOLWUT?

I have given Bitcoin away for years to countless people who have shown some interest. Sometimes the fees are annoyingly high for these small transactions but I still do it anyway. I'm doing this transaction there and then and I want it to clear quickly, so I err on the safe side with a higher fee. They love it and every now and they these contact me to say "wow can you believe how much it is worth now" or "how do I go about buying some Bitcoins of my own" that brings me a lot of joy and I couldn't care less about the fees any more.

Years ago, that surely was helpful to the growth of Bitcoin.  Years ago—when Bitcoin was widely perceived as toy money.

Nowadays, if you give away Bitcoin to get people into it, then you are devaluing Bitcoin.  You are bribing people to use it.  You are signalling that Bitcoin needs them more than they need Bitcoin.  You are showing them that it is not real money—because nobody gives away real money for free.  If you do not understand this psychological principle, then it is a confirmed scientific fact that you have never gotten laid—at least, not without paying money for it.

To prove that they are worthy of Bitcoin, people must qualify themselves.  They must demonstrate at least a modicum of effort to learn the newbie basics.  They must back up their seed phrases carefully.  And then, they must drain precious “money” from their bank accounts, and give it in exchange for real money:  Bitcoin.

—Either that, or they must work for it.  Some girls will do anything—yes, anything for Bitcoin!  They love him that much.

If you want to be oh so generous for the good of Bitcoin, then I suggest that you donate those coins to developers of open-source Bitcoin projects.  Core, or something like BTCPayserver.  Or what the hey, send me those unwanted coins.  I have been casting pearls before the swine here for years, and nobody has ever sent me a tip!  LOL.  Whatever.  Just do NOT peddle some Richy_T bigblocker nonsense pretending that there is something wrong with Bitcoin on grounds that allegedly, it is nowadays burdensome to cheapen Bitcoin by treating it as toy money.

Famous last words:
This is a hit-and-run.  Catch y’all later.
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April 09, 2021, 02:38:18 AM

@cryptomanran
Let's bet that $BITCOIN breaks All Time High the day Coinbase lists next week!
https://twitter.com/cryptomanran/status/1380254708506501133?s=21

I bet it magically breaks ATH the day before the Coinbase listing. On Coinbase at least.

I don't know why that whole thing just feel so meh to me.  If I did not think the current BTC fundamentals were so strong I'd say it's marking the top.
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April 09, 2021, 03:06:57 AM
Last edit: April 09, 2021, 04:28:39 AM by Richy_T

Oh look, 58 again...


 Grin
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April 09, 2021, 04:58:16 AM
Last edit: April 09, 2021, 05:53:31 AM by BobLawblaw

Oh look, 58 again...

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April 09, 2021, 06:27:03 AM
Merited by AlcoHoDL (1)

No, we try to not have that kind of discussions, it's not denial, it's just keeping this thread free from shitcoin talk.
If you must talk about them there are literally dozens of other threads, keep this one clean.

OK, now I have to reply to this accusation. I wasn't talking about shitcoins. Pay attention. Someone asked why Bitcoin was losing market dominance and I suggested it was capacity issues with Bitcoin. It's everyone else who jumps on with suggestions of using shitcoins for some reason.

Bitcoin is losing market dominance mainly because of greed.
Sounds too simple?
Just think about it for a while  Wink
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April 09, 2021, 06:54:28 AM
Merited by BobLawblaw (1)


~skip (billions of words)

....I was stunned by the length of your post


You must be new here....
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April 09, 2021, 07:39:25 AM


https://twitter.com/jchatterleyCNN/status/1379822551564759040

"When we get a risk-off moment, we could be seeing $BTC pullback to $20-30k. But I think for long-term investors, that will be a great entry point."

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April 09, 2021, 07:43:30 AM


https://twitter.com/jchatterleyCNN/status/1379822551564759040

"When we get a risk-off moment, we could be seeing $BTC pullback to $20-30k. But I think for long-term investors, that will be a great entry point."


You clearly know nothing

BTW now is a good time to dump all your bsv derp
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April 09, 2021, 07:52:08 AM


https://twitter.com/jchatterleyCNN/status/1379822551564759040

"When we get a risk-off moment, we could be seeing $BTC pullback to $20-30k. But I think for long-term investors, that will be a great entry point."



The source of that also suggested this:



Is 3 months near term enough to prove him wrong?
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April 09, 2021, 08:06:59 AM
Merited by Kylapoiss (1)

He's right, though!

Time to put some money off the table and put it into BTC  Grin
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April 09, 2021, 09:03:42 AM

This shows just how shit the altcoin performance is.

Someone spread $1000 over top 10 cryptos and held for 39 months:



Without BTC he would be down to $843 despite the bull runs (from $900 invested).
If he had invested his $1000 in only BTC he would be up to $4560.

People just don't get it. Maybe 1 in 50 in the comments on reddit see what's happening. Unbelievable.

I predict there will be millions of poor people after the next bear market and upswing considering what's going on with altcoins right now.

But of course also millions of rich BTC holders and probably already some trillionaires.


This data is really not relevant, picking a random date to buy and a random date to sell will give you a random PNL. What if that was invested a year or two years before, what if those prices were updated during spring 2018 when many altcoins boomed, what if we wait some more months or years. I mean nobody really knows and I don't see how you can get anything of substance from that data. If anything it looks like the bull market is not ending anytime soon so not sure why picking a date around now to sell would be any good.

Yes I agree that the next bear market could produce many poors and many riches as did the last one and the one before it, but not necessarily because one chose Bitcoin over whatever altcoins or vice versa.
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April 09, 2021, 09:06:31 AM




@web3chaz
Bankers when they see honest and hardworking members of the younger generations doing well with #bitcoin  and crypto in general

https://twitter.com/web3chaz/status/1380431715831808000?s=21
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April 09, 2021, 09:14:07 AM
Merited by BitcoinBunny (2), vapourminer (1), JayJuanGee (1), OutOfMemory (1), Kylapoiss (1), Heater (1)

We all hate shitcoins. I do too.

But, maybe, just maybe, shitcoins are a blessing in disguise. They do seem to help in a few things:

-- Sort out the opportunists from the serious investors.
-- Sort out the thick in the head from the smart.
-- Stress-test (and confirm) Bitcoin's unprecedented robustness and fault tolerance.
-- Weed out cancer cells, such as Craig Wright, Calvin Ayre, Roger Ver, and Jihan Wu.
-- Suck wealth out of "get rich quick" traders, just like maggots eat rotten flesh.

I often get angry when I see posts shilling shitcoins. But I shouldn't. To all shitcoin shills, I say: "Bring it on! Give it all you've got! Attack Bitcoin as fiercely as you can! Let the strongest survive!" After all, that's how the universe works. From the wild animals of the jungle, to the highest level of refined civilization. Survival of the fittest. So, bring it on, and let the winner take all.
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April 09, 2021, 09:43:58 AM
Merited by BitcoinBunny (1)

The winner takes it all.

https://www.youtube.com/watch?v=92cwKCU8Z5c
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April 09, 2021, 09:47:31 AM

This shows just how shit the altcoin performance is.

Someone spread $1000 over top 10 cryptos and held for 39 months:



Without BTC he would be down to $843 despite the bull runs (from $900 invested).
If he had invested his $1000 in only BTC he would be up to $4560.

People just don't get it. Maybe 1 in 50 in the comments on reddit see what's happening. Unbelievable.

I predict there will be millions of poor people after the next bear market and upswing considering what's going on with altcoins right now.

But of course also millions of rich BTC holders and probably already some trillionaires.


This data is really not relevant, picking a random date to buy and a random date to sell will give you a random PNL. What if that was invested a year or two years before, what if those prices were updated during spring 2018 when many altcoins boomed, what if we wait some more months or years. I mean nobody really knows and I don't see how you can get anything of substance from that data. If anything it looks like the bull market is not ending anytime soon so not sure why picking a date around now to sell would be any good.

Yes I agree that the next bear market could produce many poors and many riches as did the last one and the one before it, but not necessarily because one chose Bitcoin over whatever altcoins or vice versa.

To me the data is very relevant. It shows that altcoins easily get replaced with other alts and no one really believes in the true value of them (except for a very few perhaps) even when the crypto marketcap has tripled in value.
Picking successful alts out of a choice of 7000+ is like a lottery.
I'd rather stick with BTC.
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April 09, 2021, 09:57:55 AM

Fun fact, ABBA got famous by winning the Eurovision song contest in 1974 in Brighton, I watched it with some friends at a friends place in Rosengård (now a no go zone) and then biked home in the middle of the night, I was 14 and it was totally safe.
The song is called Waterloo, enjoy https://www.youtube.com/watch?v=Vp1_OKawHYw
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