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

[JayJuanGee]

In other words, "fuck crypto."    Have you ever heard of dee king daddy?

What has king daddy done for you in the last 7 years, if you have been so persistent to have had stayed in it for that amount of time.

Last I checked 7 years ago, bitcoin had been priced in the mid $200s for most of the year... so even if you fucked up pretty royally in 2015 and you ended up buying for double, you still ended up with around a 60x appreciation in price (or the value of your portfolio).. so in 7 years, you are likely to have had pretty damned good performance in bitcoin's history..

Another thing is that maybe some folks may not have been able to get into bitcoin with any kind of lump sum, so they may have ended up DCA investing into BTC.. and a somewhat aggressive practice of $250 per week over 3 years would have cost around $39k, but still would have likely been able to generate anywhere between 40BTC and 60BTC.. which at today's $30k-ish prices would be between $1.2 million and $1.8 million in value.. and I would not be poo-pooing those levels of BTC price performance, even if you may have gotten started 7 years ago, but did most of your BTC accumulation within a 3-ish year window... so the 7 years ran on the beginning of your investment but has not run on the BTC that you accumulated later on within your personal BTC accumulation window.

Sure, there can be several different ways to frame the matter in terms of both how aggressive someone might have been ready, willing or able to be in their own BTC accumulation period, and how many mistakes might have been made along the way, too... but the jist of the matter seems to be that a relatively aggressive approach has tended to pay off - and especially with the passage of time and a looking relative BTC price performance over longer periods of time rather than focusing on some kind of selective short term period and whining that there happens to be up and down waves in your BTC portfolio value..... blah blah blah... and by the way, those waves happen to be buying opportunities, especially if there is an ability to consider longer periods of both accumulation and/or performance measurements.. and 7 years or longer may well not be a bad amount of time to look at performance - though in terms of investment portfolios, sometimes they might need decently longer periods than even 7 years to really play out.

Another thing that we likely realize is that past performance does not guarantee future results and of course the ongoing great performance of BTC over the years of its so far existence likely warrants that its future performance is going to be less exponential than it's past performance - even though so many of those of us studying bitcoin for longer periods of time can appreciate that BTC likely remains (even now) as one of the best of asymmetric UPside bets that we have in front of us... accounting for both up and down scenarios.

[1714234100]

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[1714234100]

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[ChartBuddy]

Explanation

[d_eddie]

Maybe a short term bullish horizon?

how do you know?

We just had too many red weekly candles in a row?  Is that what you mean?

I don't know my thumb from my big toe! It's the SOMA engine sputtering.

[Gachapin]

Hey here's an idea, how about NOT pre-mine 90 million ETC before launch? Or how about not moving to POS?

Bingo.

I attended Vitalik's speech at Decentral in January 2014 where he unveiled his plan for Ethereum. I liked his idea of smart contracts and multiple mining algorithms. At that time ASICs were replacing FPGAs and the idea of being able to mine with CPUs and GPUs again was appealing.

The deal breaker though was the pre-mining. What a scam. I didn't get into Bitcoin to try to make money. I believed in the technology and what it meant for escaping central banking tyranny. I saw through the blatant money grab and while I had the chance that day to get in at the start and make a lot of money, I took a pass.

I like having a clear conscience and keeping my karma clean. Fuck Vitalik (and his buddy Tony DiIorio) and fuck Ethereum.

Didn't buy that scam at 0.60$ and I certainly won't buy at 3000$   

[ChartBuddy]

Explanation

[AlcoHoDL]

Hey here's an idea, how about NOT pre-mine 90 million ETC before launch? Or how about not moving to POS?

Bingo.

I attended Vitalik's speech at Decentral in January 2014 where he unveiled his plan for Ethereum. I liked his idea of smart contracts and multiple mining algorithms. At that time ASICs were replacing FPGAs and the idea of being able to mine with CPUs and GPUs again was appealing.

The deal breaker though was the pre-mining. What a scam. I didn't get into Bitcoin to try to make money. I believed in the technology and what it meant for escaping central banking tyranny. I saw through the blatant money grab and while I had the chance that day to get in at the start and make a lot of money, I took a pass.

I like having a clear conscience and keeping my karma clean. Fuck Vitalik (and his buddy Tony DiIorio) and fuck Ethereum.

Exactly. We all want to make money, but there are principles and red lines too. I'd rather have a clear conscience and support something that's pure and true and good for the world, rather than support something inherently flawed just for a quick money grab.

Best of all, Bitcoin keeps your karma clean and makes you money too. It's the cleanest, most ethically sound money I've ever made.

[Gachapin]

I pointed out that this dude is anti-bitcoin ages ago:

Yeah censorship resistant... as long as Mr V (I mean the meth guy) is ok with your transaction and doesn't  " intervene in state "


https://twitter.com/VitalikButerin/status/1188819235306213376?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweet

People like Dudas either do not have any earthly idea of what "censorship resistance" is or they are anti-bitcoin or spooks.

Dudas has turned his cards over enough to show that he supports systems that exercise central control.  I can;t be bothered to find the quotes but he has said things that imply he is for things like wealth redistribution, and that sort of thing...  Those folks don't tend to like Bitcoin because they are too stupid to realize that human's cant be trusted to rearrange personal property to make it more "fair".

Of course he likes Eth.

You are on point!

His brain seems to be slightly infected with the cancer of socialism.

Arrogantly thinking their moral stands above any other, socialists prefer the way of centralized planning, government, culture, thinking ...and property control.

We know how big centralized socialist experiments end up in millions of dead each time they became manifested in society.

So it's a miracle that this infantile and dangerous thinking is still infecting people.

You are right, it must be plain stupidity. But probably paired with a big portion of hubris.

[ChartBuddy]

Explanation

[goldkingcoiner]

Stepped on a rake, got a blue eye, burnt my food and Bitcoin isn't pamping.

Not a good day today.

[ChartBuddy]

Explanation

[OutOfMemory]

Stepped on a rake, got a blue eye, burnt my food and Bitcoin isn't pamping.

Not a good day today.

At least, Bitcoin isn't dumping 
Sorry for the blue eye.
Always place a rake with the pins facing downward (backwards when leaning to a wall), if you don't use it.
Top tip from my hot neighbor, she's a gardener.

[OutOfMemory]

Just discovered Peter McCormack's documentary on El Salvador's Bitcoin adoption:

https://www.youtube.com/watch?v=ig3UN1GYmY8

EDIT: Not great... but OK-ish, imho.

[Phil_S]

2027-Gibraltar (maybe on a cruise)?

Gibraltar + cruise + 250k party = YES.

[ChartBuddy]

Explanation

[OutOfMemory]

2027-Gibraltar (maybe on a cruise)?

Gibraltar + cruise + 250k party = YES.

[ImThour]

I see we discussing ETHEREUM on WO???
On the other hand, BTC will play this range whole 2023..

[HI-TEC99]

2027-Gibraltar (maybe on a cruise)?

Gibraltar + cruise + 250k party = YES.

What's wrong with Jaywick Sands?




We could have the party in Jaywick casino.

[Gachapin]

I see we discussing ETHEREUM on WO???
On the other hand, BTC will play this range whole 2023..

What range exactly?
25.4k-69k ?

[serveria.com]

Top tip from my hot neighbor, she's a gardener.

Pics or didn't happen... 

[OutOfMemory]

Top tip from my hot neighbor, she's a gardener.

Pics or didn't happen... 

She's even hot when she's fully dressed. Too bad i always don't know what to talk with her about.
There are hot wife pics, though. NSFW  At least not here