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

[NeuroticFish]

Don't shoot the messenger  
On the other hand, i admit when it comes to normal people's common sense, i always expect the worst.

Don't worry. I know you're right.

Some countries of Africa should follow the adoption of Bitcoin as a legal tender, too, and i have read about regulation drafts in the EU yesterday, without details though.

Africa is a troubled continent and may not be taken serious that much. Maybe I'm wrong, but this is how I see it.
On the other hand... an EU country would be breaking news. And although, like Crypt0S0ul correctly pointed it out, it will still take quite a while after any announcement, or may even not come to reality even if announced, it's interesting to hear. We're living interesting times.

[Crypt0S0ul]

I don't expect this to happen overnight.

Me neither. There are so many steps to pass, there are so many places the opposition can make this fail or get delayed, ... this is how the laws go from idea to reality (or to oblivion).
For now we can be happy for the news and... wait.

I cannot recall how long El Salvador took after their first announcement. They were able to do it faster because of their President Himself. Nayib Bukele Himself was the main guy behind it. According to research, Most the 60s people (Or older than that) don't understand Bitcoin. So, If you have more senior people in the government, it would be tough for them.

BTW, @NeuroticFish, Congrats For reaching the 5K Merit Club.

Thank you for getting me (exactly) there.
Luckily I managed to make a print screen before OutOfMemory took me to 5001  

Heh, Don't worry. We have Inspect Element in Browser. Inspect Element made me Legendary too many times. I just took this now for you.

[ChartBuddy]

Explanation

[Bushdark]

This was how I blew my account the first time I was trying to trade like a pro trader not knowing to me that everything in trading is based on risk management. I didn't even have sufficient ideas to take me to the level I was seeing myself 😂. I learnt from the hard way to never trade with emotions which almost ruin my first deposit and as an inspired trader.

Even at this time, something used to tell me to trade with high leverages to make bigger profits mostly after I had made consistent loses. I do say no to greed everyday to avoid not to be a victim again since there is no way we can abolish greed.

[Cryptolove20015]

New news: Pro-Russian Paramilitary Groups Raised $400,000 in Bitcoin, Crypto to Avoid Sanctions: TRM Labs.

[ivomm]

"Satoshi Nakamoto wrote about a new way to move value on the internet. Nakamoto — we still don’t know who she, he, or they were — didn’t have faith in the financial sector overseen by folks like us, sitting around this table"

> Chairman of the SEC

https://twitter.com/i/status/1577265614258720768

[cAPSLOCK]

I am getting a mild tingling in my jibbity bits.

Google will give you a horrifying diagnosis, in case you wanted to feel bad today.

HA!  That's unfortunately true!

But also I want to just do a little humble-brag.  The tingling might have been right!

[BitcoinBunny]

(From Twitter)

People who've been investigated by the SEC

- Martha Stewart, a cook
- A deli store in NJ
- @elonmusk, a Twitter sh*tposter
- Kim Kardashian, a fashion influencer

People who haven't been investigated by the SEC
- Almost every politician/executive in power

[Cratoon]

Related? Have you ever had this feeling?

[cAPSLOCK]

"Satoshi Nakamoto wrote about a new way to move value on the internet. Nakamoto — we still don’t know who she, he, or they were — didn’t have faith in the financial sector overseen by folks like us, sitting around this table"

> Chairman of the SEC

https://twitter.com/i/status/1577265614258720768

There is no doubt that we are going to see some serious noise come up particularly in light of Russia starting to use Bitcoin etc... but statements like these frame the fact that even those is high seats of power know that we are well past stopping this.  Particularly Bitcoin.

Fun times... I figure it's gonna be a bumpy ride soon.

[NeuroticFish]

I cannot recall how long El Salvador took after their first announcement. They were able to do it faster because of their President Himself. Nayib Bukele Himself was the main guy behind it. According to research, Most the 60s people (Or older than that) don't understand Bitcoin. So, If you have more senior people in the government, it would be tough for them.

I don't know how long was it, but it's not relevant, I think that he had quite a majority in the parliament, and, as you said, he's also the president.

Heh, Don't worry. We have Inspect Element in Browser. Inspect Element made me Legendary too many times. I just took this now for you.

No, I don't want that. And I have the real deal here: https://bitcointalk.org/index.php?topic=5251894.msg61060190#msg61060190

Nakamoto — we still don’t know who she, he, or they were — didn’t have faith in the financial sector overseen by folks like us, sitting around this table

Wonder why...  
(nice quote though)

- Almost every politician/executive in power

They are allowed by the law to lie. Lies are called "political statements".

[JayJuanGee]

So let's hope our big brothers won't even try to start to give birth to memes like "climate terrorism".

I hope that they do not read your post. They will then find out what to do (like having the playbook written for them), and we would not want that.  Now would "we"?   

So let's hope our big brothers won't even try to start to give birth to memes like "climate terrorism".

.......
Still, please don't break my enthusiasm; let's hope together you didn't give any ideas to "big brothers".

Exactly!!!  OOM must be serving as an unwitting advisor to the BIG guys.   

As of ideas, i think there is no idea not spun by the government's spin doctors already...

That's what she said.

Some countries of Africa should follow the adoption of Bitcoin as a legal tender, too, and i have read about regulation drafts in the EU yesterday, without details though.

Africa is a troubled continent and may not be taken serious that much. Maybe I'm wrong, but this is how I see it.
On the other hand... an EU country would be breaking news. And although, like Crypt0S0ul correctly pointed it out, it will still take quite a while after any announcement, or may even not come to reality even if announced, it's interesting to hear. We're living interesting times.

It seems to me that various African country location represent some variation of a bottom up bitcoin adoption angle, and of course none of the bitcoin adoption is likely to be clean or straight-forward  - and we are likely going to continue to experience a decent amount of muddiness with shitcoin hanging onto the the coat-tails of king daddy along the way.. and perhaps even sometimes contributing to the messing up of matters.. and even bitcoin can have its own messing up variations when there are various kinds of bitcoin players (enthusiasts) who may well become too enthusiastic and either bet too much or use the paper bitcoins of others to gamble.  Over exuberance is not going to go away, whether sometimes innocent or not so much (filled with hubris, arrogance and lack of humbleness).. 

That's how king daddy rolls, and quite a few more eggs are likely to get broken in the making of this omlet.

[ChartBuddy]

Explanation

[Crypt0S0ul]

I don't know how long was it, but it's not relevant, I think that he had quite a majority in the parliament, and, as you said, he's also the president.

Did you get why I mentioned senior people? Nayib Bukele was the president who stepped forward. But, In Mexico's case. Mr Andrés Manuel López Obrador is already 68 and I have a feeling that he doesn't understand What Bitcoin is. But, let's see what happens.

No, I don't want that. And I have the real deal here: https://bitcointalk.org/index.php?topic=5251894.msg61060190#msg61060190

No one will know that. Only you and me    

[jojo69]

[NeuroticFish]

Nayib Bukele was the president who stepped forward. But, In Mexico's case. Mr Andrés Manuel López Obrador is already 68 and I have a feeling that he doesn't understand What Bitcoin is. But, let's see what happens.

I understand that. Depends also on the country's legislation and I don't know how's in Mexico.
In my country the president can turn back a law once for review, which can delay it significantly; afterwards he has to sign it anyway. If in Mexico he has more power it can be worse. But.. let's get that far first...

[JayJuanGee]

This was how I blew my account the first time I was trying to trade like a pro trader not knowing to me that everything in trading is based on risk management. I didn't even have sufficient ideas to take me to the level I was seeing myself 😂. I learnt from the hard way to never trade with emotions which almost ruin my first deposit and as an inspired trader.

Even at this time, something used to tell me to trade with high leverages to make bigger profits mostly after I had made consistent loses. I do say no to greed everyday to avoid not to be a victim again since there is no way we can abolish greed.

In bitcoin, there are reasonable and prudent ways to get decently rich, and even potentially rich as fuck (beyond expectations) without having to gamble with principle.

It seems that a lot of normies want to both rush the getting rich process and also to try to place additional exponentials on the level of their investment portfolio growth.. so maybe making a few $100k in a short period of time does not seem rich enough and they want the few hundred $ks to have been a few $million, and sure, it can get to a few $million in a reasonable time, but to get to a few $million safely and more assuredly, it is likely better to let the process play out more then one cycle.. and maybe even a few cycles.. and instead, the few $100k ends up turning to $zero because there was a desire to reach the few $million in the timeline that a few hundred $k was more of a reasonable advancement and target and stepping point .. yet when you want to get richie quickily, who wants to be reasonable.. apparently some of the poor people are impatient and are desperate to get out of their poor status and don't want to be reasonable and they end up staying poor and don't become richie as they could have done if they were to have had a wee bit MOAR patience in the getting richie process.

.. even having a few $100k could feel like being richie, if you had started out without very much capital (principal) and you have built it up your amount over several years (even over a cycle or more), and then once you build up to the status of having a few $100k then it becomes easier to reach higher levels such as a few $million (as long as you do not end up gambling it away).

[Inwestour]

If you are investing into bitcoin with your excess cash (if there is such a thing?), then you should realize that you are continuing to build your BTC stash, whether you are able to invest $100 per week or you can only invest $10 per week, and I would imagine that after the first 4 years of investing into BTC at whatever was your rate, you are going to be in a better position to decide what to do next and you should be in a better position to assess whether your ongoing investment into bitcoin had put you into a better position than if you either had not invested into bitcoin at all, or if you had chosen some other investment or if you had chosen not to invest.  These are not easy questions to answer unless you have acquired enough confidence that bitcoin is amongst the best of investment avenues that are currently widely available to all people around the world... but even the fact that bitcoin is likely amongst the best of current investments, we still are NOT guaranteed that we are going to be better off to have had invested into it rather than investing into something else or just consuming our investment amount.

Once you get over the hurdle of deciding upon bitcoin and then focusing on carrying out your BTC investment/accumulation/buying plan, you won't be able to change what you did 4-10 years or longer down the road, even though you are able to change at any time along the way, if you change your mind about the plan that you create  and/or follow today.

Of course, ongoingly you will be faced with choices regarding how regular and aggressive (or whimpy) you should be in your investment and the extent to which that you might want to tweak your plan along the way.. so the level of your aggressiveness(whimpinees) and consistency in carrying out your plan can end up having pretty decently sized compounding effects down the road, whether you are looking at 4-10 years or maybe even some longer timeline in which you may well end up getting to a wealth accumulation location that you had not thought that you were going to be able to reach based on your personal circumstances and the ways of the world.  And sometimes investors can become too greedy and too aggressive in their investment approach - so there is a balance in which being too aggressive could end up working against you too, even if you might consider that being aggressive might be a good thing... there are ongoing needs not to overdo what you are doing in such a way that you end up taking way more risks than necessary.

The path to wealth is never easy, there will always be many obstacles that can lead you astray. I understand that investing in bitcoin carries certain risks, but this can be said about any investment, in every business there is a risk of losing your investment. At the moment, bitcoin is one of the most promising assets for investment, and I do not have the opportunity to buy different assets, thereby sharing the risks. At the moment, I have been able to make some reserve savings, and everything I earn over this amount I have goes to buy bitcoin. I am aware that anything can happen, but I see this as an opportunity and I intend to take advantage of it.

I also know how aggressive manipulators can be, with their resources, you can imagine their capabilities, but I want to believe that I know what they are doing it for and it will not confuse me. I have to do this, because if I don't, I might regret it for the rest of my life.

[Gachapin]

anybody is a genius trader ....while markets go up




Dave Portnoy's "Investing" Journey
"Anybody can do this game"  -- Dave 3/27/2020
https://twitter.com/WallStreetSilv/status/1577236794860371970

[Crypt0S0ul]

anybody is a genius trader ....while markets go up

The meme itself explains everything. LOL