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

[OutOfMemory]

Oh, he's asking about the WO cult of hats...

Start here?
https://bitcointalk.org/index.php?topic=5117225

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[naim027]

Oh, he's asking about the WO cult of hats...

Wall Observers Should have hats? Do you guys have any regulatory organizations or something like that?

[BitcoinBunny]

Poor Shiba Inu.

Raped before our very eyes. Enough to cry yourself a new rainforest.


Or not.


 

Let this be a lesson.

BTC may dump but it will never dump as much as a shitcoin.

[Paashaas]

https://twitter.com/AllenAu11/status/1461377565570977795

[JayJuanGee]

Bitcoin is a strange thing.

-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.

-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.

-- Traders belong to the first 99%, they just don't know it.

I don't think I've ever encountered anything quite like this in my life.

I agree with the overall sentiment of your post AlcoHoDL.. but something strikes me quite wrong about your 99/1 numbers...

Yeah, we are working with a new asset class, and sure lots of people have trouble getting it, but I doubt it is a 99/1 division - even if current world-wide adoption might be within a 99/1 level.

I hate to attempt to either generalize too much or shoot too much nonsense out of my ass, but think about the matter, there are going to be people who are exposed to pretty good technical and financial information, and some of those peeps are going to fairly easily get the overall ideas of bitcoin relatively easily.. I am not saying that they are going to understand all aspects, but they end up getting bitcoin sufficiently enough in order to establish some kind of a reasonable/prudent BTC investment thesis.

There are going to be people who are easily distracted into shitcoins and there are going to be people who swallow mainstream media talking points hook, line and sinker without recognizing the various ongoing and consistently all over the place contradictions (and some of those folks see the contradictions but feel that they neither have time nor energy to try to sort through matters - not even necessarily blaming them for that).

There are also going to be people who either have no fucking clue what is bitcoin, beyond maybe hearing the word, and some people have not even heard the word bitcoin enough for them to recognize that they had heard it before.

I am already getting tired with my attempt to elaborate on the variety of kinds of people that exist out there, and yeah we might know of some pockets of the world that there are 10%-ish adoption and other pockets where the adoption is less than 1%..and I suppose the punchline is that I neither like you 99/1 assertions that seem to imply that there are great knowledge (and elitisms with the 1% because sure some of us who have been getting bitcoin might have spent a lot of time attempting to study bitcoin and maybe we are lucky in the sense that we had been in the right place at the right time.. and then got sparked in our interest which took us down the road of both studying bitcoin and developing various BTC accumulation/investment strategies)...   

By the way, I do appreciate aspects of the 80/20 rule as a framework, and of course there is still going to be a lot of nuance in that too.. and I suppose that that I would consider the 80/20 rule to be somewhat more accepting and less elitism.. and I really do not like elitism categories, even if we can appreciate that there are a large number of early bitcoin adopters who are going to have just a few coins which in years to come will end up putting them quite well in the 1% of bitcoin wealth (which will likely become more and more dominant) - even based on relatively modest early investments into bitcoin.  Right now, we have all kinds of ways that people are wealthy, even in the midst of what is likely be the greatest relatively peaceful wealth transfer in history.

I am sorry. Should I argue with him? Okay okay. I will follow your suggestions

Oh.. you won't have to "argue with him", really.  Just post, and he will handle all the arguing and fussing about.  It's easy.

Are you suggesting that I am inclined to argue with my lil selfie...?

You can go fuck yourself.

 


I really am really mad (i.e. resemble that statement)!!!!

[BitcoinBunny]

https://twitter.com/AllenAu11/status/1461377565570977795

[ChartBuddy]

Explanation

[LoyceV]

There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin

It's much more worrying people who have been into fiat money their entire life (which is almost anyone) can't explain "money" either. Ask the average person what money is, and they have no idea. Ask them where it comes from, where the money for their mortgage comes from, and ask if they have any idea how much money goes around in the global foreign exchange market.
People have no idea how it really works, and that makes them sleep at night.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

[AlcoHoDL]

Bitcoin is a strange thing.

-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.

-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.

-- Traders belong to the first 99%, they just don't know it.

I don't think I've ever encountered anything quite like this in my life.

I agree with the overall sentiment of your post AlcoHoDL.. but something strikes me quite wrong about your 99/1 numbers...

[...]

As I was composing the above, I thought of adding a sentence saying that 99/1 is purely out of my own personal experience. As you say, it could well be 90/10 or even 80/20, although the latter seems far too optimistic to me.

Whenever I go out for drinks/dining, I make a habit of asking the waiter if I can pay in Bitcoin (I have LFC's prize money in my phone, so I can always pay if they say yes). No one has yet responded positively to my request. The vast majority don't know much about it, some think it's another type of credit card, others think it's a kind of PayPal, many think it's a Ponzi/pyramid scheme, a few even mentioned Elon Musk FFS! Not a single one has yet to comment favorably about it, let alone agree to be paid in BTC...

[naim027]

Poor Shiba Inu.

Raped before our very eyes. Enough to cry yourself a new rainforest.


Or not.


 

Let this be a lesson.

BTC may dump but it will never dump as much as a shitcoin.

Shiba Inu holders are like;



They learned a good lesson.

[BitcoinBunny]

I think I literally lost some IQ points listening to Peter Schiff  

https://www.youtube.com/watch?v=ugTrTLFG7T0&ab_channel=MikhailaPeterson

Peter Schiff isn't the only one who has been warning the masses about Bitcoin @ $10, lol

[OutOfMemory]

Oh, he's asking about the WO cult of hats...

Wall Observers Should have hats? Do you guys have any regulatory organizations or something like that?

LOL
Get a grip, man 
Sorry, i didn't mark my comment (the one you quoted) as irony 
It's all in the thread i linked you to.

[philipma1957]

There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin

It's much more worrying people who have been into fiat money their entire life (which is almost anyone) can't explain "money" either. Ask the average person what money is, and they have no idea. Ask them where it comes from, where the money for their mortgage comes from, and ask if they have any idea how much money goes around in the global foreign exchange market.
People have no idea how it really works, and that makes them sleep at night.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Dude they would buy the BTC dip

I just got some more dip.

I have a $50 a day buy set

[Farmer Bill]

https://twitter.com/bitcoinundisc/status/1461191574201716740?s=21

This is someone making excuses for being a no-coiner and trying to dissuade others from getting into Bitcoin by suggesting it requires special skills and knowledge of how it works.
Austrian School of Economics (insert laugh or snigger here)....
This Early - I've been in since $67

I'm a farmer for fucks sake.

Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.

Simply buy at any price whenever you have spare fiat, and hodl.

[BitcoinBunny]

https://twitter.com/bitcoinundisc/status/1461191574201716740?s=21

This is someone making excuses for being a no-coiner and trying to dissuade others from getting into Bitcoin by suggesting it requires special skills and knowledge of how it works.
Austrian School of Economics (insert laugh or snigger here)....
This Early - I've been in since $67

I'm a farmer for fucks sake.

Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.

Simply buy at any price whenever you have spare fiat, and hodl.

Wish I had become a farmer rather than thinking any job with computers will be special. 

[vapourminer]

I'm a farmer for fucks sake.

Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.

braggart 

i am a burnout

special skills - shitposting, smoking weed, plinking

anyone else?

[LFC_Bitcoin]

If this carries on dumping, I may ask Bob for a job as a farm hand on his ranch. Either that or Mcd’s.

Really hope the bottom is in & we get back to 60k ASAP.

[ChartBuddy]

Explanation

[Farmer Bill]

Oh, he's asking about the WO cult of hats...

Wall Observers Should have hats? Do you guys have any regulatory organizations or something like that?

Perhaps something lost in translation, even though your English language skills are excellent, but

The vast majority on WO shun regulatory organizations, they cause most of the shit that happens to self reliant, independent people in the world by attempting to remove that self - reliance.

How about working towards being your own boss, that's the best boss you can have.

[philipma1957]

I'm a farmer for fucks sake.

Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.

braggart 

i am a burnout

special skills - shitposting, smoking weed, plinking

anyone else?

I am married to same woman for 35 years

Most skilled at peace keeping.