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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336458 times)
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nutildah
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July 18, 2021, 06:35:25 PM
Merited by JayJuanGee (1)

Also totally not a conspiracy that the search "JJG is a AI" came up with zero hits as well.

Safe to say Google totally dropped the ball here if they can't get basic conspiracies right.
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LoyceV
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July 18, 2021, 06:38:27 PM
Merited by JayJuanGee (2), LFC_Bitcoin (2), shahzadafzal (1)

Largest Grayscale unlocking is today. Second largest comes the day after tomorrow. A few more days of this relentless ball grating, guys. We're not all titanium trained Bawbs, but I'm sure we can all manage. Chin up!
I’ve been expecting paper hands to start a sell off today. Doesn’t seem to be happening yet. If we can close above $31,000 today then surely it’s the bottom and we can start going up again soon?
I stumbled upon the Grayscale thing several times in the past week, and it got me thinking: if some people are assuming this will lead to a drop in price, that also means at the same time others are assuming they can buy cheaper coins. So all in all it might not matter much, or could even lead to a price increase when it turns out nobody is dumping 16,000 Bitcoin on the market.
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July 18, 2021, 06:59:14 PM
Merited by JayJuanGee (1)

If they paid for the electricity and kept everything else legal, and mining was profitable, they could have kept mining with no authorities bothering them for a long time. Eventually, the power company will inspect places that have very high usage to find out what's going on, even if they were being paid accordingly.

I assume there has to be a law in Malaysia making Bitcoin mining equipment itself illegal, because it does not makes sense for the police to destroy legal mining equipment due to stealing electricity.

The whole story is bullshit. They cant destroy anything before there is a conviction and case is closed.
There is proper machinery to destroy something a road-roller is not it. https://youtu.be/5n-n-i9JqEI
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July 18, 2021, 07:01:26 PM


Explanation
philipma1957
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July 18, 2021, 07:02:33 PM

Says they were fined 1900 usd. so that implies a conviction.
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July 18, 2021, 07:04:39 PM

Google came up with this nifty fact checking utility.



Welp, guess that's the end of fake news!


So I had to allow "GoogleTagManager" domain to use this and then it came up for zero hit on "Google is spying on me".

So yeah I think I can trust this tool. Grin

https://toolbox.google.com/factcheck/explorer/search/Google%20is%20spying%20on%20me;hl=en


So in short google is not totally spying data mining what I am searching on that site.


Also totally not a conspiracy that the search "JJG is a AI" came up with zero hits as well.

Gosh.. google don't know shit, does it?    Tongue
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July 18, 2021, 07:26:23 PM

Well, my bitcoins are now worth less then they were six months ago, and yet I'm not particularly worried, why?
Because the 60K top does not look like a proper blow of top, it didn't go up sharp enough, it plateaued on 60ish K for a while and it didn't have a dead cat bounce, hence it wasn't a real super top.

Just my 25 öre.

I'm weeping into my milk at the current price. Only 450X up on my original coins..which I still have.

And 2X on the most recent.

Disappointed with Billy nocoins investment advice and sure prediction of 30k the other day.

Have fiat ready to go for such an opportunity (along with millions of others).

May have to content myself with a purchase mid 31k before that window closes.

Looking back 64k will have been that little bulge on the charts that signals the start of the proper run up to the top of a cycle, which this one has not yet completed.

In the whole history of Bitcoin the situation has never looked so good.

I suppose officially (or would that be "technically"?) it is more accurate to divide your coins in terms of each time that you bought some and then you would have an open and a close for when you sold them (if you did).

Sometimes I do not necessarily want to go into that level of detail in regards to what my own situation and systems of classification are, and technically the lowest amount that I have ever bought any BTC is at $182 in January 2015, and likely I bought a relatively low quantity of BTC at that particular price because, I had been buying all the way down from $1,201 in November 2013, and yes you might proclaim that BTC had never gotten all the way up to $1,201 in November 2013, but it did for me when I met someone to make a direct transaction at the outside metal chairs outside of a grocery shopping location... Yes, the official BTC price on Bitstamp peaked out at $1,163 for that particular part of the cycle.

So, gosh, I did buy the vast majority of my BTC stash in through out that year (of 2014), and looking back seeing my cashflow kind of steadily being available, but also having some lump sum periods of availability of funds during that time that got channeled into bitcoin.. and so yes, I suppose that I was behaving with some level of irresponsibility in terms of having some target ideas in my head about BTC accumulation levels that I wanted to reach, but a lot of that is a kind of fog in my memory - absent looking back at some of the transactions and considering whether I might have been aggressive enough given my whole financial situation... and geez it looks like a lot of coins (relatively speaking about getting to 0.21 BTC and all that) were acquired in the $500 to $700 range because I was kind of considering the drop from  the lower 4 digits and into the mid-ish 3 digits was such a "great deal".. and the fact that my average cost per BTC was about $560-ish by the end of 2014, did not really feel bad at all, even if the price still went down and then ended up staying down for the vast majority of 2015 - so like largely in the a bit lower than 50% off of my average cost per BTC range.  

So, great deals in the mid-3 digits were not really seeming like great deals until many years later.. and sure of course, there might be some ways of considering the whole matter in such a way that  maybe it does not matter so much whether I might have been able to achieve 450x returns or merely just 30x-ish --- which is kind of easy to calculate - even while generally outlining that "bitcoin has been berry berry good to me.".. but take current BTC prices (at $31,500-ish), for example, I still remain inclined to generally refer to my situation as either 31.5x-ish (not sure if it is just easier to calculate in that way), even though I might sometimes want to proclaim a higher number such as 42x in profits.. and maybe it depends on the general point that I am wanting to make, and neither of the numbers is really untrue.. it's just a kind of short hand attempt to make some points... ..

And, so for sure, if part of the point is to show - "how the fuck could I really be bothered with some of my coins at a mere 450x in profits versus their 927x peak profits in mid April?  Is there any real and/or meaningful difference in that level of profits, so if I get back to my lowest purchase of $182, then I could proclaim that lowest purchase of coins ever to currently be about a measly 175x profits, but at one point, it had a profit level of a wee bit more than 356x... .. Either way, I suppose depending on the point (emphasis) being attempted to be made.

Eloquently put.

The point of the post was probably aimed more at Billy nocoins to show that a drop to any particular price really does not matter to those here in it for the long haul. 450X was just the rough number of $ increase in value of my $68 coins at present time.

There have been so many crashes since I bought my first coins that had I capitulated at any of those points along the way I would not be in the comfortable position I am with Bitcoin right now.

Arriemoller is not particularly worried with 50% drop and I'm not at all worried. I also agree with Arriemoller this cycle top has not been reached.

I'm always bullish, I remember daring to think 1BTC would one day buy 1oz gold, wow Bitcoin would have become of age.
And it hit that in Nov 13, at the time when you made your $1201 p2p transaction.
Then recently 1BTC equals the price of 1 Kg gold.
I look forward to when 1BTC will buy a 12.5kg 440oz good delivery bar currently $728k after a few more cycles.

A BTC wallet is my deposit and savings account, the best I've ever had.




 
lightfoot
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July 18, 2021, 07:31:42 PM

Google came up with this nifty fact checking utility.



Welp, guess that's the end of fake news!

Christ, Biden is not a Hologram, these are the Holograms...

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July 18, 2021, 08:01:26 PM


Explanation
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July 18, 2021, 08:29:36 PM

[edited out]

Eloquently put.

The point of the post was probably aimed more at Billy nocoins to show that a drop to any particular price really does not matter to those here in it for the long haul. 450X was just the rough number of $ increase in value of my $68 coins at present time.

There have been so many crashes since I bought my first coins that had I capitulated at any of those points along the way I would not be in the comfortable position I am with Bitcoin right now.

Arriemoller is not particularly worried with 50% drop and I'm not at all worried. I also agree with Arriemoller this cycle top has not been reached.

I'm always bullish, I remember daring to think 1BTC would one day buy 1oz gold, wow Bitcoin would have become of age.
And it hit that in Nov 13, at the time when you made your $1201 p2p transaction.
Then recently 1BTC equals the price of 1 Kg gold.
I look forward to when 1BTC will buy a 12.5kg 440oz good delivery bar currently $728k after a few more cycles.

A BTC wallet is my deposit and savings account, the best I've ever had.

Ok.  Fair enough.  It is funny how we sometimes end up telling stories or attempting to make our various points in other ways in response to no coiners or maybe to clarify the messages so that newbies and pre-coiners might not get overly confused about the value proposition.

Sure we would not want innocent peeps to become a no coiner, or wait too long to buy or even to get scared out of their coins because of disinformation... and geez some people may well not even want to get the message.

I spoke to one of my uncles on Friday and then I spoke with him at brunch today.. and on Friday, he was saying something about wanting to buy some BTC.. like a somewhat repeated theme of him saying but not doing... and sure, I say some things that should at least allow him to appreciate hedging or DCAing or some kind of modest starting point.

Then when I saw him at brunch.. holy shit he was an arrogant twat.  He started bragging that stocks were generally up 14% for the calendar year, and even when I said that the calendar year did not matter, he insisted that we look at bitcoin and we saw that the 6 month price performance of BTC appeared to be 15% down.. so in that regard, he was quite smug about it, and even when I told him that he seemed to be choosing random price points in order to ignore actual facts, he was quite excited to proclaim that stocks are doing better than bitcoin and that his ability to live off of his investment strategy for around 25 years, as a kind of passive income was sufficient evidence regarding what he was doing was sufficiently adequate and keeping him in a quite good place..

In other words, he was sayin bitcoin is not necessary towards his strategy and wanting to emphasize the 6 month period snap shot...  When I proclaimed that he was talking nonsense because if we look at bitcoin going up 6.5x from September and still being 3.5x up from September, he insisted that the calendar year is more important because that was what he was looking at.  I said that when I got into bitcoin, I could say that my in spite of all my various mistakes along the way, my bitcoin investment was still at least 31x up and even though it had dropped 50% from its $64,895 high and so it was 65x, and now it is ONLY about 31.5x, but my various stocks and traditional investments have only gone up around 80% (at best - even given the most charitable of interpretations to performance by picking current top and the then bottom arena) during that time.. and sure, maybe we get all smug about stock performances being at all time highs.. but holy shit, seems to me that he was trying to be selective and failing/refusing to zoom out a bit.

Today, he was so stubborn and seeming to want to be right (and suggesting that I am the one just trying to be right or to pump my bags) so, not even the money printing issues seem to phase him, and he was suggesting (if not outright focusing) that Biden was causing various issues of money printing and giving money to undeserving peeps and fucking up the economy.  I said that I give less than two shits about Biden or Trump and he is getting distracted with personalities and he seems to easily forget that all sides were more than willing to go down the road of printing money to oblivion, and he (my uncle) was largely caught up on distractions about Biden, disappointment where Biden was putting the money and the disincentives of giving out free money, and I repeated that it does not matter - Trump would have printed the shit out of money too, and so what if he gave money to other people or even hypothetically would have printed 1/3 as much or whatever fantasy world that he (my uncle) wants to live in, the problem of money printing and inflation of all assets remain the same and his inability to distinguish bitcoin in the whole confusion of the matter has to do with his own inability to understand bitcoin.. and we were devolving into talking at walls because even my other uncle (who hardly has a nickel to his name - no pun) chimed in to proclaim that PMs are the best.. blah blah blah.

After a bit, I gave up on trying to talk with the uncle about the way that bitcoin is different and a hedge and whatever kinds of allocation considerations that might be prudent for him to more seriously consider and actually act upon, and I told him that I don't give any shits about what he does including his seemingly ongoing decisions that involve ignoring reality and failing refusing to allocate some value into bitcoin.. those remain his ongoing choices.

So, yeah, I agree that bitcoin has been an amazing investment for many of us on a personal level, and there seems to be no real reason or evidence or logic to consider that bitcoin has lost its investment thesis, and may well even be a stronger investment thesis than it was 2 years ago, 5 years ago, 7 years ago, or 9 years ago... sure, the price is higher.. so quite likely and logically we are not going to get 400x-ish returns nearly as easily from here as we could have gotten from buying bitcoin at $100 in 2013 or even 126x-ish returns from buying BTC at $250 in 2015.

But still even getting 10x returns in 10 years, might not be a bad idea.. that surely would be in reach.. but whatever... even if someone might only have a 4-year investment timeline, there still be seems to be some pretty damned decent hedging opportunities, even if you are not guaranteed profits.. but is BTC going to perform substantially worse than the stock market.. .or not adequately giving some hedging potential as compared with the stock market or other dollar reliant investments.. sure if there might be some folks who  are that much hesitant about bitcoin, then they should be investing less into it, and no one is really saying to put everything into bitcoin, and my recommendation still remains 1% to 10% - and my uncle knows that I am not really recommending more than 1% for bitcoin skeptics (aka bitcoin pussies).
El duderino_
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July 18, 2021, 08:35:37 PM

My personal favorite

When there’s FUD being created for an event and it’s a nothingburger….

Love it

Cheers and a drunk AF Sunday

Btw

Low 3 0’s prices.
Bitcoin sideways  for some weeks,
just Haiku worthy.
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July 18, 2021, 08:38:15 PM
Merited by philipma1957 (4), LFC_Bitcoin (3)

Me: I’m no merit b*tch



















Me: Curisous who’s gonna give me the Nr 6000  Kiss Kiss Kiss Kiss
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July 18, 2021, 08:38:25 PM

My personal favorite

When there’s FUD being created for an event and it’s a nothingburger….

Love it

Cheers and a drunk AF Sunday

Btw

Low 3 0’s prices.
Bitcoin sideways  for some weeks,
just Haiku worthy.


Your breath smells like raw salmon, dude... #justsaying
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July 18, 2021, 08:58:08 PM
Merited by JayJuanGee (2)

I spoke to one of my uncles on Friday and then I spoke with him at brunch today.. and on Friday, he was saying something about wanting to buy some BTC.. like a somewhat repeated theme of him saying but not doing... and sure, I say some things that should at least allow him to appreciate hedging or DCAing or some kind of modest starting point.

Then when I saw him at brunch.. holy shit he was an arrogant twat.  He started bragging that stocks were generally up 14% for the calendar year, and even when I said that the calendar year did not matter, he insisted that we look at bitcoin and we saw that the 6 month price performance of BTC appeared to be 15% down.. so in that regard, he was quite smug about it, and even when I told him that he seemed to be choosing random price points in order to ignore actual facts, he was quite excited to proclaim that stocks are doing better than bitcoin and that his ability to live off of his investment strategy for around 25 years, as a kind of passive income was sufficient evidence regarding what he was doing was sufficiently adequate and keeping him in a quite good place..
Try not to get angry at him but when his stocks are down in a couple of months time and Bitcoin shoots to over 60k in December just said him a little message saying your hope he is enjoying his passive income and you are definitely enjoying your new lambo you bought. I am kidding its never a good thing to be smug about it but I hear this all the time. The amount of discussions I have had with family about them wanting to get into Bitcoin and never taking the leap and then they try and then it goes up and they regret it and once it falls back down all you hear is them trying to justify it to themselves why they did not invest "see its a bubble". This does not just happen once this happens on a yearly basis and its the same pattern over and over but the only difference which they refuse to acknowledge is Bitcoin is up from the average of the last two years.

You cannot change ignorant people.
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July 18, 2021, 09:01:33 PM


Explanation
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July 18, 2021, 09:03:34 PM

Me: I’m no merit b*tch



















Me: Curisous who’s gonna give me the Nr 6000  Kiss Kiss Kiss Kiss

done you have 6000
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July 18, 2021, 09:07:55 PM

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July 18, 2021, 09:08:24 PM
Merited by Hueristic (1), JayJuanGee (1), HI-TEC99 (1), Farmer Bill (1)

The point of the post was probably aimed more at Billy nocoins to show that a drop to any particular price really does not matter to those here in it for the long haul. 450X was just the rough number of $ increase in value of my $68 coins at present time.

There have been so many crashes since I bought my first coins that had I capitulated at any of those points along the way I would not be in the comfortable position I am with Bitcoin right now.

Arriemoller is not particularly worried with 50% drop and I'm not at all worried. I also agree with Arriemoller this cycle top has not been reached.

this is pretty much my situation, i watched bitcoin go from ~$35 to ~$2 USD. i figured it was a goner for sure. i only kept mining because i was an old time cruncher from a folding@home and SETI background. so i was used to donating free computing power to projects.

needless to say i am quite pleased with the fact that my (presumed) generosity of computing power in the past led me to an early retirement.

so 80% drop. meh. wake me up at one dollar, maybe ill take the energy to sneer at it or something.
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July 18, 2021, 09:10:26 PM
Merited by fillippone (1)

Me: I’m no merit b*tch

Me: Curisous who’s gonna give me the Nr 6000  Kiss Kiss Kiss Kiss

done you have 6000

Haha now I’m a big baller

Ain’t I ?

Still my BTC amount is still the same  Embarrassed
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Explanation
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