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

[JimboToronto]

Action figures are sorta like paintings, no?

No. Action figures are more like collectable dolls, plates, or numbered prints.

Real art is original. It is of extremely limited supply (only 1). That's why it's so valuable. Like Bitcoin.

Numbered prints are just pictures of art. They can be printed up in any number. That's why they aren't really worth more than the paper and ink to print more.

Same with action figures. Fire up the production line and crank out some more. Like Ripple.

[greensheep]

Voila, sold my DOGE (which were bought in summer 2019) for some extra bitcoins.
Patience is everything, glad I could finally get rid of them.

And now pump it to 100k+

Planning to ride this bull as:



(saw him during a walk last sunday, that can't be coincidence )

[d_eddie]

Looks like the terrible confirmed news (for bitcoin) out of Turkey plus the failing COIN listing have finally popped the last bubble and caused the bitcoin market to begin catastrophically crashing. Sad days ahead for bitcoin fans.

Really shows how much you know...

COIN didn’t IPO, so true price was determined by the market after the opening bell, which was what they intended.

As far as I know, it isn’t trading at $0.00, so definitely not a failure... math and science confirms this...

Turkey banning crypto, bad news? I think it just confirms that Turkish Lira will fail not Bitcoin... again maths and science...

As for your chart... you did that back at 10k, 20k, 30k, 40k, 50k, and 60k... should we prep you a few more at 70/80 /90 and 100? I think you will need it, math and science confirms it...

pwned by our trollama! Have you heard him singing BTW? Well worth a YouTube search (proudhon song)  

[Dabs]

I am NOT against diversification.

I am also into diversification as far as other asset classes are concerned, especially ones you can actually put in your registered retirement accounts (401k, IRA, ROTH, RRSP, TFSA, or equivalent.)

Those usually involve either mutual funds or broad based index ETFs, and not particularly the crypto kind like GBTC. What I did put in mine were BTCC and before that QBTC.

But those are entirely different asset classes, usually along the lines of stocks/equities and bonds. S&P 500 or Total Stock market, that's the kind of "diversification" that would be simple and "easy" to understand, not picking some 10 or 20 different ones, although my father did tell me to get some Amazon years ago.

In crypto, its mostly 99% bitcoin. 1% everything else. In my case, that smaller percentage has gone up without me adding more to it and I'm always taking out of it (but not the capital, basically I'm farming the "interest" out of it as long as I can.)

By the way, like quite a lot of bitcoin (and even crypto) peeps, I have quite a bit of extra value that I could throw at various projects if anything were to strike me.

And there you go. All's good. I don't know what got you into thinking it was about you or anyone in particular. It's always about everyone here, as a group, in general. Was never into anyone specific unless that was mentioned. I mean, roach will be roach, proudhon will be proudhon, and I just let them be.

Ok fine, JJG will be JJG ... always replying with walls. After all, this is the "wall observer".

[Dabs]

Real art is original. It is of extremely limited supply (only 1). That's why it's so valuable. Like Bitcoin.

I'm not much of an art person, although I have made some original art myself, but then I'm a no one so who cares about "Dabs' painting" right? However, I do appreciate some certain replicas of not so famous art paintings.

There are even markets for these, original oil hand paintings, but obviously mass produced and copied or inspired by greater artists of the past, plus they are cheap too. However, because of that, they aren't very valuable more than a token amount above the cost of materials and the time to create them.

The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.

[xhomerx10]

Voila, sold my DOGE (which were bought in summer 2019) for some extra bitcoins.
Patience is everything, glad I could finally get rid of them.

And now pump it to 100k+

Planning to ride this bull as:



(saw him during a walk last sunday, that can't be coincidence )

 Careful man!  He looks pretty focused.

[BitcoinBunny]

Now Ver's shit crap is getting a push for no reason.
Bunch of wankers.

 

[d_eddie]

The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.

If the corn was an artist, her paintings would be very expensive. She's been ded a long time already.

[Krubster]

I just spent the last of my remaining fiat to buy the dip.



(€50,500 ≈ $60,500)

Time to update this meme.



I don't know which category I am in, all I know I'm not waiting for sub $60k.

*edit: edited out the numbers, that's not relevant.

[JimboToronto]

The most expensive paintings are from dead artists ... the longer they are dead, the more expensive.

Limited supply? Zero new supply.

A living artist may not be able to exactly reproduce his existing works but he can create similar new works.

Once he's dead, the supply is gone forever.

Every work of art lost in a fire or otherwise destroyed is like a bitcoin with lost keys. There's no replacing it.

Of course if Van Gogh's "Sunflowers" were destroyed in a fire, all remaining Van Gogh paintings would increase in value, just as every lost key increases the value of Bitcoin.

[LFC_Bitcoin]

BCH now up 38% 

Who is pumping shitcoins today.

[Dabs]

I just spent the last of my remaining fiat to buy the dip.



I don't know which category I am in, all I know I'm not waiting for sub $60k.

I think you clearly have the laser eyes one. The other one doesn't look too flattering.

[LoyceV]

BCH now up 38% 

If they keep pumping Forks like this, it could be a good moment to dust off old cold storage.

[d_eddie]

By the way I would bet you (a kind of gentleman's bet of course) in the event that we could narrow down the terms of such a bet to a short period of time, for example if you are suggesting that we would already be seeing these kinds of "puny" dynamics playing out in the next halvening (therefore it would be noticed and verified by 2025-26) .. which seems a bit bonkers to me (requiring the grippening getting), then maybe we could have a bet that goes to that point.

Without betting any "real" money (aka king daddy, aka the corn etc.), I think we could have already begun observing some relative puniness in this cycle, if there weren't so many big players really getting in the arena and putting their money where their tweets are. The new players, institutional or silent as they may be, are positively skewing the market by pouring a previously unseen money supply into the market. So there is that. Can this welcome skewing go on at this rate? 2x a year is the kind of exponential growth that sooner or later hits the ceiling with a sore head. The flattenening (?) part of the S-curve, in udder words. We'll have to wait 2024 to actually see where things are going. But it's always like that with the corn, isn't it.

Seems to me that neither of us can go fuck our lil selfies until we verify the terms of our nonsense, if such nonsense were to be in existence?
 

For dee fucking our lil selfies bit, I have no problems to keep waiting a lil more. If you feel any rush, please go ahead

[Krubster]

I think you clearly have the laser eyes one. The other one doesn't look too flattering.

Thank you.

[Dabs]

Now, that's more "rabid" or something... voracious.. hungry ... or I don't know.

[Karartma1]

Something will happen soon, too many idiots falling for shitcoins. Today a colleague came to and proposed me to buy doge.......

I bought the bitcoin dip hopefully, can't wait to see the alts smashed. Too many dumb/weak hands around.

[LoyceV]

Something will happen soon, too many idiots falling for shitcoins.

The infamous "alt season". Bitcoin's drop in Market Capitalization happened in 2017 too: people jump into alts hoping to get more Bitcoins. And when they start selling, Bitcoin goes up in market share as well as in fiat value. I expect the same again: Bitcoin remains quite stable in value while alts are growing, and in a few months Bitcoin will absorb all that value.

/so far my wishes and expectations

[Krubster]

Now, that's more "rabid" or something... voracious.. hungry ... or I don't know.

Sorry for fooling around.

Ok, back on topic.



Seems like $60k is acting support, $70k next?

[Hhampuz]

Seems like $60k is acting support, $70k next?

According to my calculations we are going to skip both $70k and $80k like nothing as soon as we cross $69,420.. End station would be around $94,300 for a small correction to $87,500 and that'll be the lowest we go until 2022.