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

[Dabs]

he opens my notes from Evernote and Google keeps..

Here’s tip though never put your FULL passwords, COMPLETE account details or pass phrases on any of your notes applications.

I don't use Evernote or Keeps, but I feel they are online and plaintext (not encrypted) so it's not a good idea to save anything sensitive in there.

Many suggest a proper password manager. I use a sort-of one that copies and pastes, but then I'm careful about the rest of the PC. Also that file is regularly backed up.

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[proudhon]

...and down she goes (again)...

Another BTFD opportunity.

My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.

I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.

Or not.

We'll know soon enough.

He'll get "lucky" and then feel very unlucky as bitcoin continues it's disastrous slide toward $10k and below.

[ChartBuddy]

Explanation

[bitcoinPsycho]

...and down she goes (again)...

Another BTFD opportunity.

My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.

I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.

Or not.

We'll know soon enough.

He'll get "lucky" and then feel very unlucky as bitcoin continues it's disastrous slide toward $10k and below.

You sound like damaged goods . Sold before $1 maybe then bought back at $20000 and panic sold again with mindrust?

[Toxic2040]

[Gyrsur]

...and down she goes (again)...

Another BTFD opportunity.

My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.

I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.

Or not.

We'll know soon enough.

He'll get "lucky" and then feel very unlucky as bitcoin continues it's disastrous slide toward $10k and below.

You sound like damaged goods . Sold before $1 maybe then bought back at $20000 and panic sold again with mindrust?

my feeling is he lost all on several incidents at the way up to the Mt.Gox incident and after that experiences he had never again the balls or the money to buy back in.

Any Gox news?

http://rtcons.com/mk.png

I'd love to get back my coins so I can use them to sell asap on high margin to take advantage of bitcoin's final and definitive death-crash.

How many BTC coins did you have in MtGox, if you don't mind me asking?

Well technically it was bitcoinica, and it was about 120.

EDIT: first post of proudhon if he never deleted one.

I just discovered bitcoin via a philosophy podcast (of all places).  I love the idea of a decentralized form of money!  I happen to have a 6990 that I can employ in mining 24/7 and I'm just wondering if somebody can help me assess how many bitcoins per month this would yield.

he was an early miner. if you used to be a miner in the early days there was a psychological barrier to buy bitcoins because it seems mining was less riskier than buying. I had this experience too. even if it was cheaper to buy bitcoin itself instead of mining because of the hardware cost your mind told you that it will less riskier to just do the mining instead of buying bitcoin itself. maybe the piece of mining hardware tricked the mind? like the mind is telling: if Bitcoin will go to zero you will have at least the hardware after all.

[JayJuanGee]

JJG, with all due respect, I run mostly old PC hardware here. If I have a lowly 1900x1080 in one monitor? And you have ONE POST that fills it all?  

Try the decaf, dude. Volume does not equal quality.

Ok.  This sounds serious, nano pano.  Surely, you have really gotten my attention there, which resulted in determination to take your quite insightful and provocating comments to heart.

Since Homer has recently created two hats for me with lazer capabilities which well could result in an attempt for yours truly to meet the nano from his own perspective - if any - (yes, I know late-to-the-party and out-of-fashion and all of that but what's a guy to do when he has few if any technical capabilities beyond creating Excel spread sheets and perhaps throwing a lot of words onto sheets of papers from time to time - referring to yours truly) - one with mask, and one without mask.  

Thus, my donning of such laser hat without mask - may well merely be enough to boost this kitty sufficiently into tempered personality without necessarily having to change any liquid consumption... presuming such.

Thanks again nano, and let's give this lazer thingie a shot and see if it causes matters to become less bbbbbbaaaaaadddd (even though so far we do not seem to be noticing any effect, but still early days, no?), and special thanks to @xhomerx10 for dee hat choices (not that I am trying to rope that hat-making bot** into any kind of nano-drama).  

**Can you imagine, a hat-making bot..? hahahahaha.. #nohomo in that thought for sure.

[ChartBuddy]

Explanation

[Sayeds56]

[Gyrsur]

Sheetz has become the first U.S. convenience store chain to accept #Bitcoin as paymentBTC.

With 622 stores, the mid-Atlantic convenience chain will begin allowing customers to pay for items inside the store or at the gas pump using #bitcoinBTC

https://twitter.com/DocumentingBTC/status/1398262944920702977

[bitebits]

Current behavior from Long-Term Holders and Short-Term Holders only resembles two other times:

A. 2018 bear market
B. 2013 consolidation between double pumps


https://twitter.com/WClementeIII/status/1398299352142159882

[JayJuanGee]

...and down she goes (again)...

Another BTFD opportunity.

My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.

I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.

Or not.

We'll know soon enough.

Both you and I seem to appreciate the fact that actual people in the real world are fucking crazy, AlcoHoDL - even though if we want to get by in the world and have actual friends and acquaintances, we have to go along with their ways of doing things "on their own terms," and wanting to get credit for whatever they ended up doing.

I am NOT really going to complain too much to these kinds of people, and you and I have probably had some similar experiences in terms of having some preferences NOT to overly impose our own values on peeps because we do not want them to be coming and whining to us about our having had caused them to do x, y or z against their will blah blah blah.. so likely you and I share some of the sentiments about reinforcing with peeps that they are responsible for their own decisions of whether to invest, how much to invest and how to invest, even if, at the same time, we are both leading by example and telling those fucktwats (while using kinder words) that they are responsible for their lil selfies.

hahahahaha

I am not even sure if I should repeat myself into going into a story that I have told before because many of us know with the passage of time more stories (or at least more context) comes from just the price increases, price decreases and the ways that peeps in the real world attempt to deal with those matters from their own individual perspective - and of course, even if it sometimes might seem to us that they are crazy as fuck in a variety of ways, we also have to give them various breaks in terms of being the ones in positions to understand their own perspectives while at the same time appreciate that the balancing of the various individual factors can take pretty damned BIG turns merely on changing a couple of the factors. and so it takes quite a bit of coincidence and maybe even educations in various ways for people to get in the same chapter even if not quite on the same page.

If I can remember what I was going to say, I can tell the story of the person who started with 21 coins.. if peeps are interested, but the thing is that sometimes it can take a while to tell a story and even the way that the story is told can change in terms of what point that is being attempted to be made.

By the way AlcoHoDL, is this diptwat cousin of yours starting out with zero coins, which seems to be the case.... I can surely excuse someone who already has some coins to take a bit more of an aggressive stance or have a more greedy stance in terms of buying more coins.. but I was getting the sense that your  cousin is a nocoiner until the BTC price crosses below $34,100.   Surely better than nothing, but still...

Second by the way: I did refrain from repeating my investment style recommendation for peeps (no coiners) and sometimes even coiners who have just come across an additional quantity of money or coiners who have decided that they want to increase their coin allocations invest their lump sum quantities, and surely $12k is a great number because it is so divisible (beyond being divisible by 2.. hahahahaha)...   hate to be telling some variation of the same story over and over.. but even such repetition does sometimes help some peeps to figure out (or hone) their own strategies and ways of thinking about lump sums and what seems to be current BTC price dynamics...

[ChartBuddy]

Explanation

[luckygenough56]

Sheetz has become the first U.S. convenience store chain to accept #Bitcoin as paymentBTC.

With 622 stores, the mid-Atlantic convenience chain will begin allowing customers to pay for items inside the store or at the gas pump using #bitcoinBTC

https://twitter.com/DocumentingBTC/status/1398262944920702977

do you need to wait for 3 confirmations at the pump during 30 mins, i mean if you're lucky your tx is not queued 

[bitebits]

story [...] 21 coins.. if peeps are interested, [...]


By the way AlcoHoDL, is this diptwat cousin of yours starting out with zero coins, which seems to be the case.... I can surely excuse someone who already has some coins to take a bit more of an aggressive stance or have a more greedy stance in terms of buying more coins.. but I was getting the sense that your  cousin is a nocoiner until the BTC price crosses below $34,100.   Surely better than nothing, but still...

Please go ahead JJG, love to hear stories about lost fortunes.

Agree with JJG @AlcoHoDL, very risky strategy. Any current price is a good price, waiting for it to go lower is just speculating (against a 12-year trend!).

[Toxic2040]

2021 fib based extensions plus MA cross

1h


4h


D

W

#stronghands

[Torque]

Sheetz has become the first U.S. convenience store chain to accept #Bitcoin as paymentBTC.

With 622 stores, the mid-Atlantic convenience chain will begin allowing customers to pay for items inside the store or at the gas pump using #bitcoinBTC

https://twitter.com/DocumentingBTC/status/1398262944920702977

do you need to wait for 3 confirmations at the pump during 30 mins, i mean if you're lucky your tx is not queued  

Since your future electric car will take at least that long to charge if not longer, you'll be fine.   /zing

[luckygenough56]

what if bitcoin lose 20% during those 30 mins 

[Gyrsur]

Sheetz has become the first U.S. convenience store chain to accept #Bitcoin as paymentBTC.

With 622 stores, the mid-Atlantic convenience chain will begin allowing customers to pay for items inside the store or at the gas pump using #bitcoinBTC

https://twitter.com/DocumentingBTC/status/1398262944920702977

do you need to wait for 3 confirmations at the pump during 30 mins, i mean if you're lucky your tx is not queued  

technically it should be just an double-entry accounting process within the company. you need a $ budget you are willing to grant for bitcoin sales. if the costumer pays with bitcoins the equal amount in $ will be moved away from this budget account and the bitcoins inflow will be moved onto an another account. this bitcoin account will oscillate in value over time but on the long run it should be not an issue.

EDIT: there should be an discount if the customer is willing to pay in bitcoins. this discount should come from the expected earnings on Bitcoin in the future. you see it is just an accounting thing. what counts is the willingness to accept Bitcoin and someone should start the matter.

EDIT2: I see your concern if it's an on-chain tx. RBF should be not allowed and the fee must be appropriate. as I mentioned discount and fee should be paid by the company. insurance will pay for txs which are lost but it should be not so many. off-chain is better of course. off-chain will come somehow.

[luckygenough56]

Bank of Japan governor slams Bitcoin, calls BTC a speculative asset

So much fud  

surely they want to get in