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

[OutOfMemory]

This is 100% me.

Who else?





@BitcoinMagazine
Very true 😅

https://twitter.com/bitcoinmagazine/status/1420491808459591686?s=21

In fiat value, i have 88 times more Bitcoin than money. At the end of the month it is more like 888 times, though.  

Might be 8 and 88 as well, OpSec obfuscation measures.

[aysg76]

This picture says ~ everything about banks and fiat.

Bitcoin never sends me a letter asking me to explain my transactions and bend over for a full cavity search.

The trillion dollars worth transactions have been settled with bitcoin and not anyone asking for a proof or asking you to submit details where the money came from and what's the purpose of your transaction with nominal fees and transaction confirmed within few minutes with security.The banking system really sucks and that's why moving my funds slowly into bitcoin with all in it.

[shahzadafzal]

This is 100% me.

Who else?





@BitcoinMagazine
Very true 😅

https://twitter.com/bitcoinmagazine/status/1420491808459591686?s=21

hahaha or something like

    Bitcoin wallet                     vs              Fiat Wallet

[ChartBuddy]

Explanation

[ProfTP]

We might get a 9th green day in a row... 

it is ready for some action soon

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[AlcoHoDL]

good morning.
continued monthly lump sum today, as salary dropped in on my bank account.
proud to have bought today's local top  

Good morning. This is fine.

[aesma]

I watched a CNBC vid about the digital yuan  https://www.youtube.com/watch?v=Zh-jX8AwpZI

To be fair they mention the pros and cons, but don't put enough emphasis on the main con : the point of this currency is total government control. Other countries not following suit isn't "falling behind China", it's not wanting to become as totalitarian as China...

[ChartBuddy]

Explanation

[ivomm]

The funny thing about China is that their communist leadership is constanly monitoring the price of Bitcoin. Even more addicted to watching the charts, than the hodlers! The more time passes and the price rises, the more nervous they become. The people prefer to buy an asset which increases in price, rather their always crashing yuan. Jesus, those thousands horrible FB adds portraying some nasty chinese and Elon. I report tens of them each day for scam advertising. And the fear of inflation of the yuan is shaking their bones, starting from the laughable winnie the pooh down to the last government clerk. Regularly they have to invent new FUD to stop the bull runs, with absolute zero as a result. No wonder one of them cried on cctv - "because of Bitcoin, we all are gonna die!". They are completely helpless but they try to mislead the world that they have power. They tried so many ways to prevent the mass adoption of Bitcoin in China and they think they've succeeded. But the truth is only the miners which bring money for the economy were forced to leave the country. Everyone else can easily avoid the bans and buy bitcoins. No matter how hard winnie the pooh try to ban exchanges, internet can offer myriads of ways to get bitcoins. But the illiterate and ignorant peeps dig heads in the sand of their "bans" and think the danger is gone  



The same applies for US government puppets who make up comical FUD, like the female frigid senator speaking about the shadowy coders.   I'm sure she has some stash and after she steps down as a senator, she will become a crypto advisor and activist, like Jay Clayton and Mnuchin.

[ErisDiscordia]

This is 100% me.

Who else?





@BitcoinMagazine
Very true 😅

https://twitter.com/bitcoinmagazine/status/1420491808459591686?s=21

More like



I started out by putting 5% of my fiat into BTC. Now Fiat is 5% of my portfolio. If that. As it should be. Just enough to cover expenses with providers who don't accept anything else and provide liquidity for when it might be needed. Besides, as per Gresham's Law I'm happy to spend all my crappy money, before I touch any of my shiny, good money.

It's not 2013 anymore. We've all had plenty of time to get this shit figured out...

If you were around for MtGox, 7.5 years ago, you have no excuse for not being rich now.

Precisely.

[ChartBuddy]

Explanation

[Torque]

It bugs me to see crybabies whining about MtGox.



If you were around for MtGox, 7.5 years ago, you have no excuse for not being rich now.

Sure I lost 50 coins at MtGox. It was my own fault for keeping that much anywhere except offline in secure paper wallet cold storage. Sure I could whine about trying to get my coins out for almost half a year while they made excuses about needing identification even though my account was created anonymously. I could whine about their lying and ignoring tickets.

Ultimately it was my own fault for having any coins at an online exchange. I got played for being a sucker/trader.

The important thing is to learn from your mistakes.

I stopped exposing my coins to the internet unnecessarily. I bought and sold only from ATMs and OTC. Eventually I built a network of OTC contacts. It's been years now since I've had to use an ATM.

The important thing is to be patient and only sell when you absolutely must. If you need to pay a bill, so be it. When you achieve certain goals, enjoy a little. In January 2018 I sold a little on the "dead cat bounce" at about $21kCAD per coin and bought deluxe dental implants and property in Mexico. This year I was lucky to sell some at the ATH and buy a lake.

My entire stash cost me less than a new car and most of it was bought post-MtGox. Spare me the crybaby whining please.

I too will admit that I lost a non-trivial amount of coins at an exchange in the early days. I won't name the exchange, but it wasn't Mt. Gox.

Did I whine or cry? No. My own stupid fault for trusting them. I learned, and moved on.

Not your keys, not your coins.

[Richy_T]

Searching for this wedge thing, it opens doors on a picture…. On others we Golf with it…..

Perhaps it's this one

[Richy_T]

it's not wanting to become as totalitarian as China...

Haha. I think 2020 put the lie to that.

[Torque]

OT: I find it both hilarious and sad, that the general public doesn't understand why the stonk market ends each year ~10-15% in the green, when it doesn't even make sense to go up. Every single year. The markets will never have a single down year. And two in a row is completely unthinkable.

The secret is because it has to. The wealthy elites have to at least beat the high inflation every year to preserve their wealth, and the Fed will make sure to accommodate them by giving them free money and pumping the markets.

The general public only sees the interim ups and downs between January and December. But these market fluctuations are completely irrelevant. There will always be more up days than down every year. Regardless of the crumbling world economies.

The Fed will keep pumping markets until one day, it doesn't work anymore. Jobs will be completely gone, houses will be unaffordable, riots in the streets, and the markets will hit the highest of all time highs.

[xhomerx10]

This is 100% me.

Who else?





@BitcoinMagazine
Very true 😅

https://twitter.com/bitcoinmagazine/status/1420491808459591686?s=21

More like



I started out by putting 5% of my fiat into BTC. Now Fiat is 5% of my portfolio. If that. As it should be. Just enough to cover expenses with providers who don't accept anything else and provide liquidity for when it might be needed. Besides, as per Gresham's Law I'm happy to spend all my crappy money, before I touch any of my shiny, good money.

It's not 2013 anymore. We've all had plenty of time to get this shit figured out...

If you were around for MtGox, 7.5 years ago, you have no excuse for not being rich now.

Precisely.

 Wait.  Are we supposed to have a bank account?

[ChartBuddy]

Explanation

[proudhon]

It bugs me to see crybabies whining about MtGox.



If you were around for MtGox, 7.5 years ago, you have no excuse for not being rich now.

Sure I lost 50 coins at MtGox. It was my own fault for keeping that much anywhere except offline in secure paper wallet cold storage. Sure I could whine about trying to get my coins out for almost half a year while they made excuses about needing identification even though my account was created anonymously. I could whine about their lying and ignoring tickets.

Ultimately it was my own fault for having any coins at an online exchange. I got played for being a sucker/trader.

The important thing is to learn from your mistakes.

I stopped exposing my coins to the internet unnecessarily. I bought and sold only from ATMs and OTC. Eventually I built a network of OTC contacts. It's been years now since I've had to use an ATM.

The important thing is to be patient and only sell when you absolutely must. If you need to pay a bill, so be it. When you achieve certain goals, enjoy a little. In January 2018 I sold a little on the "dead cat bounce" at about $21kCAD per coin and bought deluxe dental implants and property in Mexico. This year I was lucky to sell some at the ATH and buy a lake.

My entire stash cost me less than a new car and most of it was bought post-MtGox. Spare me the crybaby whining please.

I too will admit that I lost a non-trivial amount of coins at an exchange in the early days. I won't name the exchange, but it wasn't Mt. Gox.

Did I whine or cry? No. My own stupid fault for trusting them. I learned, and moved on.

Not your keys, not your coins.

Losing 120 or so coins on MtGox/Bitcoinica taught me how broken bitcoin is. If someone as intelligent as me can lose that much, then most ordinary people don't have a chance. It's just another reason I know bitcoin will never work out.