Bitcoin Forum
November 11, 2024, 03:53:28 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

Pages: « 1 ... 32737 32738 32739 32740 32741 32742 32743 32744 32745 32746 32747 32748 32749 32750 32751 32752 32753 32754 32755 32756 32757 32758 32759 32760 32761 32762 32763 32764 32765 32766 32767 32768 32769 32770 32771 32772 32773 32774 32775 32776 32777 32778 32779 32780 32781 32782 32783 32784 32785 32786 [32787] 32788 32789 32790 32791 32792 32793 32794 32795 32796 32797 32798 32799 32800 32801 32802 32803 32804 32805 32806 32807 32808 32809 32810 32811 32812 32813 32814 32815 32816 32817 32818 32819 32820 32821 32822 32823 32824 32825 32826 32827 32828 32829 32830 32831 32832 32833 32834 32835 32836 32837 ... 33909 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26491008 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
modrobert
Sr. Member
****
Offline Offline

Activity: 386
Merit: 334


-"When the going gets weird, the weird turn pro."


View Profile
December 11, 2023, 03:38:44 AM
Merited by vapourminer (1), JayJuanGee (1)

I like seeing Bitcoin on the rise, but have this eerie feeling it will not mean much by the time it really takes off (hopefully wrong about that).

I am not sure what you mean.  If you are suggesting that there is some kind of a correction, then why would any kind of correction matter, if the price ends up "taking off" and then presumptively going past our current price, going past $50k, going past previous ATH and at minimum ending up supra $80k.. .. You would be presuming that at least the minimum has decently good chances in the next 1 to 2 years and so that would be a doubling of whatever you have into bitcoin in 1-2 years.   Sure, it is possible that even the "minimum" does not end up playing out, but you don't really seem to be suggesting that kind of a scenario, are you?

Now on the upside, there are a lot of really decent scenarios ranging from supra $100k to $2.5 million and above, but surely even many of the really decent upside scenarios seem to be erroring quite low in the range, which seems to be $500k or lower, but even that would not be bad, and we cannot take any of those various upside scenarios for granted, and we cannot even take for granted that we are going to get up from here rather than sideways or down, but hardly any of us who have been studying bitcoin for very long would consider sideways or down from here scenarios to have better than 50/50 chances, and maybe even we might be assigning  less than 35% odds to those kinds of downity and/or sideways scenarios...

so what is the "hopefully [I'm] wrong about that" part of your statement?

I was thinking that something besides Bitcoin turns to shit by the time the price takes off; hyperinflation, chaos, world war, or worse.

No need to splurge and act like a high-roller when that really means just being another consumerist sucker.
Yes, and it's even worse when not enjoying spending, turning into a jaded consumerist. Remind me why we do this again?

I would think that many of us do it in order to have more options.  So, if we are looking at having bitcoin versus not having bitcoin, having bitcoin seems to give us more options, even if we may or may not end up getting rich off of the matter.

Probably, bitcoin also gives hope because there are not too many investments in which anyone can have hope, and surely people buy real estate and houses for themselves at least, because they can say at least they have a place to live, but surely houses are not very liquid and we still have to eat and engage in various other activities besides just having a house.. even though surely it is nice to have a house, but even if we completely own the house, some people run out of abilities to pay for the taxes (and/or other costs) of completely owning a house, so there should continue to be some value in terms of having liquid value, even surely there are ongoing attempts to attack bitcoin's liquidity, but I doubt many of us HODLers consider that bitcoin liquidity is going to be falling merely because there are various avenues in which rich people and governments are likely considering that they are going to have some success in terms of channeling normies into official financial products...

yet bitcoin does allow us various kinds of powers to transact peer to peer. .and likely there are going to continue to be ways to transact in those kinds of direct ways, even if there are going to likely be ongoing challenges too... where are we keeping our keys and have various avenues to interact been shut down.. an we run an app on our phone? or do we have to use the computer or do we have to resort to some other means of transacting?

You have some good points there, thanks for the reminder.

Challenges and people are what drives me to towards happiness, if you remove all the challenges and people eventually apathy takes over. On the other hand, I guess if you hate challenges and people, then being rich is great. If the challenge is to exert power over others by making sure they can never reach their dreams, then it's not for me.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 04:03:24 AM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 05:01:16 AM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 06:03:30 AM


Explanation
Chartbuddy thanks talkimg.com
SamReomo
Hero Member
*****
Offline Offline

Activity: 980
Merit: 757


Top Crypto Casino


View Profile
December 11, 2023, 06:32:47 AM
Merited by JayJuanGee (1)

I don't have any problem with the idea of relocating for less expenses and maybe even being able to upgrade your lifestyle by moving to an area that has lower costs of living, but at the same time, there tend to be quite a few costs regarding getting used to living in new areas - including that we would not be able to bring our friends with us too.
Yeah, there are some costs that we must have to bear when moving to a new area but for someone who wants to save a lot of money then the costs aren't that much. In new areas we can save a lot of money but we miss a lot of things in our lives. I believe for many of us friends and family means a lot and living in an area where we don't have our friends and family can be a tough thing without any doubt. But, some people can do that because their mind is firm and they just want to save money so that they can better live rest of their life without any financial issues. By the way, most people can shift with their whole family to a new location without any doubt but they'll also miss their friends in new locations.

~Snip~
So maybe the person with the more frugal spending might be able to continue to accumulate bitcoin to get up to 12 BTC or so within the next 8-10 years, and the person who is continuing to make choices to spend more and to live it up might still be at 7-8 BTC (or maybe even fewer BTC) 8-10 years from now, and so even in accordance with my entry-level fuck you status chart, the person with 12 BTC may even get up to western entry level fuck you status in 2031 or so, and the person with only 7-8 BTC might not get there until 2033 or 2044.. and sure maybe I am presuming too many things, but still trying to give an example of how these kinds of matters can make pretty decently large differences with the passage of time.

You're right and highly agree with you that frugal lifestyle will allow someone to accumulate much more Bitcoin than a spending and need fulfilment life but still we must not miss the fact that we are here to live our life for one time and whatever we save for long term won't benefit our own beings as we are prone to death which we can't evade. I have seen a person who used to live a high-intensity frugal lifestyle and he used to spend very less amount on his daily needs and sometimes he even didn't eat well only because his main aim was to save money. The guy died out of heart-attack and he wasn't even married and had no children.

He took nothing with himself and during his death time he had saved around $200k and the whole money was given to his relatives because he had no children or wife. I think we as investors should think about both sides of a coin because sometimes it won't make us losers to spend some money on things that we can have in present times. I know that when we spend money on things we won't be able to accumulate a lot of Bitcoin but man accumulating 100's of Bitcoin won't help us if we are in death bed. I'm not going to be philosophical but I have seen two guys suffering in their death bed and both of them used to save a lot of money but upon their death their children spent most of the money to enjoy their livers and the ones who saved all the money were sacrificing a lot in their lives.
d_eddie
Legendary
*
Offline Offline

Activity: 2674
Merit: 3603



View Profile
December 11, 2023, 06:35:09 AM

Ouch.
jojo69
Legendary
*
Offline Offline

Activity: 3346
Merit: 4636


diamond-handed zealot


View Profile
December 11, 2023, 07:00:32 AM
Merited by El duderino_ (10)

Ouch.

ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 07:01:16 AM


Explanation
Chartbuddy thanks talkimg.com
AlcoHoDL
Legendary
*
Offline Offline

Activity: 2548
Merit: 4752


Addicted to HoDLing!


View Profile
December 11, 2023, 07:23:24 AM
Last edit: December 11, 2023, 10:29:12 AM by AlcoHoDL
Merited by JayJuanGee (2)

[...]

I wouldn't call Bitcoin (or, perhaps, "Bitcoinism") a religion, although it may seemingly share some similarities with religion, mostly attributed to Bitcoin by those who don't understand it. It is not a religion, because it is based on objectively true, real-world, physical, repeatable, verifiable processes (i.e., math & science)

I can see that you are serious, especially since you use maths and sciences in the singular.

Haha, I was thinking of putting "TM" next to "math & science"...


, and does not rely at all on dogma or faith in a metaphysical set of principles.

There's gotta be some faith in there, even though there is a lot of laden maths and science.. I am not going to deny the existence of maths and science, yet one interesting thing about bitcoin is that it has some ways in which it ties back to human behavior, human incentives, which is the proof of work part that can be gamed and manipulated, but it would have a lot of difficulties to overcome the built in incentives and even the presumptions that man will work in his self-interest.

Sure, many of us likely realize that satoshi came up with something that must be very close to a perfect design, but bitcoin is still man made and likely and invention and a discovery all at the same time.


Even the traditional (and scientifically acceptable) notion of "trust" is taken out of the picture ("Don't trust, verify!"),

remember the Regan statement.  Trust, but verify.  We have to have some of that going on, too.  Surely not every normie is going to want to or be able to run a node, so we have to have some trust and faith that some of the open source aspects of bitcoin are going to be checked-and-balanced by some other people who have the skills to do the checking (the crowd sourcing idea) and if enough eyes are on bitcoin, then likely any flaws that exist are going to mostly get fixed... maybe not perfectly, but perfectly enough.. and surely the older people might not be able to change careers and learn how to code and to check code, but we still have to figure out the extent to which we are going to run some of the software and the extent to which are going to try to verify some of the matters for ourselves, to the extent that we are able to verify, and maybe those difficulties to verify matters scare away some of the older people, but some younger people may well be more than willing to go down the road of learning some of those kinds of bitcoin-related things.

[...]

Not disagreeing with the above, or any part of your post, but I'd like to add a comment. All things considered, yes, there is an element of faith involved. A kind of faith that has always been there. Faith in humanity, perhaps? There's definitely some degree of faith in the Bitcoin code, in the sense that you're describing, i.e., faith in some competent coder(s) or institution(s) discovering (and disclosing) bugs or even backdoors that could compromise Bitcoin. This is unavoidable. We are all bound to this. We can't know everything about everything, so we trust the experts. And the more experts get involved, and the more time a piece of code is out there, verified, scrutinized, attacked, the more that faith gets transformed into fact. Not 100% in the rigorous, mathematical sense, it's not a proof, but pretty close. I see this as a kind of Darwinian law. Let it loose in the wild and see if it survives. Considering the fact that its market cap is nearly one trillion USD as we speak, it wouldn't be able to survive for so long if there was a fundamental flaw in the code.

This is certainly not the kind of faith that is related to religion, where people blindly trust a single person or small group of people, who died hundreds or thousands of years ago in most cases, and who have said some pretty crazy, illogical, unprovable stuff, unprovable even by using the law of large numbers, so to speak...

Returning to where this discussion originally started, I don't think an informed coiner has any reason to be bitter, toxic or aggressive towards nocoiners, aside from the occasional Bat-slap, rusty pipe, and other amusing funzies and mindrustenings. For one thing, a coiner, depending on the size of his/her stash, is likely not going to need to be bothered by the opinions of others in this matter. A bit of disappointment, perhaps, an urge to spread the word, maybe, but no bitterness, no hate.

Just look at the price: $42,208 as I type this. How can you not believe? LOL


Edit: Improved layout & syntax, added some text.
DirtyKeyboard
Sr. Member
****
Offline Offline

Activity: 448
Merit: 799


Fly free sweet Mango.


View Profile
December 11, 2023, 07:32:33 AM

ChartBuddy's 24 hour Wall Observation recap
..

I'm going to go for the monthly dispensary buy tomorrow. 
Got the matching corn on sale early it seems with a weedy bid of 42142.   Cool
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 08:03:21 AM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 09:03:25 AM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 10:01:15 AM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 11:01:16 AM


Explanation
Chartbuddy thanks talkimg.com
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 12:01:19 PM


Explanation
Chartbuddy thanks talkimg.com
El duderino_
Legendary
*
Offline Offline

Activity: 2688
Merit: 13289


BTC + Crossfit, living life.


View Profile
December 11, 2023, 12:30:25 PM

Who’s ready for UP again
bitcoinPsycho
Legendary
*
Offline Offline

Activity: 2660
Merit: 2447


$120000 in 2024 Confirmed


View Profile
December 11, 2023, 12:32:07 PM

Who’s ready for UP again

I is

Trolls ain't
ChartBuddy
Legendary
*
Offline Offline

Activity: 2352
Merit: 1819


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
December 11, 2023, 01:01:16 PM


Explanation
Chartbuddy thanks talkimg.com
Erumo
Member
**
Offline Offline

Activity: 568
Merit: 50


View Profile
December 11, 2023, 01:10:09 PM


Ay Caramba! Whales Take Profit Making ETH and BTC dip creating a Bart Simpson Pattern And Liquidating A Lot of Shorts! What Comes Next? Possible market trend change? How about good old "BTC is down because people withdraw crypto to fiat to buy Xmas presents" ? That excuse always worked.

El duderino_
Legendary
*
Offline Offline

Activity: 2688
Merit: 13289


BTC + Crossfit, living life.


View Profile
December 11, 2023, 01:56:38 PM

Who’s ready for UP again

I is

Trolls ain't

Classic day

I read some guys predicting we either go up or go down …
At this point every guru making sure he got it right 🤓
Pages: « 1 ... 32737 32738 32739 32740 32741 32742 32743 32744 32745 32746 32747 32748 32749 32750 32751 32752 32753 32754 32755 32756 32757 32758 32759 32760 32761 32762 32763 32764 32765 32766 32767 32768 32769 32770 32771 32772 32773 32774 32775 32776 32777 32778 32779 32780 32781 32782 32783 32784 32785 32786 [32787] 32788 32789 32790 32791 32792 32793 32794 32795 32796 32797 32798 32799 32800 32801 32802 32803 32804 32805 32806 32807 32808 32809 32810 32811 32812 32813 32814 32815 32816 32817 32818 32819 32820 32821 32822 32823 32824 32825 32826 32827 32828 32829 32830 32831 32832 32833 32834 32835 32836 32837 ... 33909 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!