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

[JayJuanGee]

Elon's use of the term "crypto" shows his foggy thinkenings on the topic.

of course he's a sneaky fella.. but on the term "crypto" i would say.. this has been a norm lately.

Well, maybe some of us are starting to appear like pretty damned small minorities - nonetheless seems to be a hill worth dying on.

Why the fuck should any of us be blindly using a term merely because everyone else is.  It's like 2014/2015/2016 when so many fucks were afraid to use the term bitcoin because blockchain was where it was at.. blah blah blah..

Fuck that foggy shit.

There are a quite a few other bitcoiners, besides peeps in this thread (including yours truly) that are quite vocal about the amorphous and meaningless babble coming out of mouths spewing  "crypto" - especially if they are also including bitcoin in that category.  Now if they are using the term crypto and bitcoin and making sure that they distinguish, then there should be no problem with that in terms of neither engaging in obfuscation or not fucking knowing enough to understand what the fuck they are doing (saying).

Due to media and so called "bitcoin experts" have started calling themselves "crypto experts" and now they use the word crypto as a synonym to bitcoin and vice versa is also true.

Hopefully we continue to call that shit out.  you going to roll over like a pussy and accept it?  Sure if you are not doing the interviewing then you might not be able to do much about it, but if the guest is spewing out gobbledy gook, you gonna continue to listen?  That's on you.   I will concede sometimes smart people are using foggy and stupid terms, but that does tend to be the exception.. and your acceptance of their use of such foggy terms likely demonstrates your own fogginess about the matter... rather than your supposed "acceptance" blah blah blah.

So no matter how much we hate the word crypto or crypto world ... we have to live with it.

No we don't.  We can continue to call it out and assert that it is stupid to be using such a vague term, unless you are referring to vague ideas.  Now if you are referring to bitcoin then you better fucking use the term bitcoin rather than referring to it as "crypto" because only dumb fucks are going to understand what you are talking about if you refer to bitcoin as crypto and the reason that dumb fucks understand you  is because they do not understand what is bitcoin, so they just think that they understand you when they are lost.. .. snap out of it, shahzadafzal.. who fucking cares if everyone is using it... it no does not mean nuttin.

Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number.

That was Elwar.

[Kylapoiss]

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

You. I like you.

This deserves 5 merits but I unfortunately have none

[vapourminer]

Is doomsday upon us?

wait doomsday is formal attire? crap im a jeans and tshirt kinda guy. but id hate to miss a good doomsday.

[JayJuanGee]

JJG i was talking about the previous pump obviously but u seem to have a hard time to grasp what people say  

Just because you say something retarded does not mean that I should frame my response within your retarded limitations.

Again, people have to consider where they are at at the time that they hear about bitcoin and they make their bitcoin plans.  Sure, history might inform them about how to make their plan and what kinds of strategies to employ, but it should NOT inform them to wait and see, which is an error that a lot of peeps seem to make.  Waiting and seeing seem to not only NOT prepare them for UP, they cannot even fomo buy because they have not even set up accounts.  

Sure, they do not need to act in terms of actually buying right away, even though planning and setting up accounts are preliminary steps that would include figuring out how to buy in the event that they were to want to start to employ that component of their action/plan.. and DCA is one of the three components that I suggest especially for newbs who don't tend to know shit anyhow...

and if newbs presume that they do know shit and fail to employ one of the components of getting started and accumulating (referring to DCAing) then they are likely just creating way more work upon their lil selfies than would be prudent because many peeps (newbs included) want to believe (likely incorrectly) that they are smarter than everyone else.. blah blah blah.

[bitebits]

https://twitter.com/michael_saylor/status/1396085521630253062

[ChartBuddy]

Explanation

[Hueristic]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

[El duderino_]

https://twitter.com/adam3us/status/1396021659065327616?s=20

 

[hisslyness]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

Can I move in as well?

[hisslyness]

https://twitter.com/adam3us/status/1396021659065327616?s=20

 

China banning mining... Really having an impact on new blocks... -2.06% next diff adjustment... WOW!!

Hopefully by next month I can restart CPU mining again... and add more Bitcoin...

[El duderino_]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

But what if.... crashes-> put house for sale... house sold-> money to bankaccount, from there to exchange-> meanwhile back up double the crash ??

[Hueristic]

Bitcoin following this Pattern  

ELI5:
https://www.youtube.com/watch?v=Lhf_2gJJS1I


As usual hodling unaffected.

[OutOfMemory]

holdsleep be like :

Nope. This is daytradersleep.
Well, could also be shitcoinersleep 

[NotATether]

This sell off is really making me want to punch someone in the face for screwing with my holdings  

COME ON GET SOME F'IN AD TRAFFIC TO MY SITE EH? 

Don't mind me I'm in a foul mood today

This kind of emotional behavior isn’t the bitcoin way bro

1btc stil 1btc

HODLings unaffected imo

Yeah that's true, it's only an issue if your USD bills come at the wrong time like right now

[Hueristic]

Basically if I finish my buys at the current price I think I would be happy. But of course if the price crashes again 30% then I might not feel that way. I have already some buy orders for up to a 15% drop from here.

If we crash another 30% I'm selling the house and living in the Winny!

But what if.... crashes-> put house for sale... house sold-> money to bankaccount, from there to exchange-> meanwhile back up double the crash ??

That is the fear!

Or the fucking exchange freezes the funds and you watch the recovery from the sidelines.

But its a risk I'm willing to take!

I've been thinking about moving so this would give me a good kick in the ass anyway.

[xhomerx10]

TLDR; We already had enough decline compared with 2013, but could go to about 25K in the oversold scenario. Anything lower would be a problem.

 Why do we quote the guy who defrauded investors to the tune of 200 million dollars for our hodl meme.  Surely someone else has a quote about persistence for a more noble purpose.


 How about:

 While there's life, there is hope.
-Stephen Hawking

 or you know... maybe something a little more upbeat but from a reputable person.

[Wilhelm]

holdsleep be like :

Nope. This is daytradersleep.
Well, could also be shitcoinersleep 

Shitcoiner sleep is best done 6ft under

[lightfoot]

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

You. I like you.

This deserves 5 merits but I unfortunately have none

I put 5 merits on it for ya. It is a pretty good post and a reminder that when you sell and say "I'll buy back lower" you don't, then you miss the train.

Toot toot! Train is just taking on a load of coal.

[ChartBuddy]

Explanation

[Wekkel]

https://twitter.com/michael_saylor/status/1396085521630253062

Crypto wasn't created to make you rich — it was created to make you free.