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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

It's most certainly not the case.
That said, I consider all declarations on how one or another asset class or a stock is currently "winning" as being false or very myopic.

We don't know much, especially about the future (to paraphrase Yogi Berra) .
I guess that if we had something like the "Foundation"'s Phychohistory, then we might have been able to make such predictions, but nothing like this has been developed yet.

If some has this ability of predicting the future then he would be a millionaire/billionaire with no effort.

I think the world knows the printing press is about to go wild. There’s a good chance we could get another Covid style inflation wave out of all this. Meanwhile housing prices are declining and rates are on the rise so people are being priced out of being able to refinance. If job losses creep up we could have a full blown recession on our hands.

It’s a scary time to be an investor with both cost inflation and a recession on the way. I guess that is why gold went crazy and Bitcoin is still above $70K. With the Fed now eyeballing rate increases, things could get bad. You can see the argument for Universal Basic Income being created.

Well about gold, when its price went high we listen stories that big powers are accumulating gold and its price will go to 6000$ and even high. Now when gold price has crashed, we are hearing different stories about the crash. Whether price goes up or down, there are always stories to justify that.

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but I won't agree to stop responding to it, if you mention it.

Fair enough.

I am a very light-hearted person and my biggest weakness is that I rarely win an argument despite having sound knowledge of the matter.

[BitHodlers]

Enough down today, time to go back up.

[OgNasty]

If some has this ability of predicting the future then he would be a millionaire/billionaire with no effort.

You speak the truth.   Becoming a millionaire isn't all the much of an achievement these days though.  According to Grok, 18% of American households are millionaires.  UBS data puts it even higher...  That is nearly 1 out of every 5 households!  This is more of a factor of a declining dollar than anything, but the days of millionaires being rich people who can afford anything is long gone.  I'm sure in another 5-10 years it will be 1 in every 3 households are millionaires.  A millionaire when I was a kid is the equivalent of someone with $3.7 million today and that is going by government statistics.  In reality, it is probably more like a 5-10 million dollar net worth.

A billionaire is a different beast entirely.  Even knowing the future I feel like that would take a little effort (without gambling like Biff from Back to the Future).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

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but I won't agree to stop responding to it, if you mention it.

Fair enough.
I am a very light-hearted person and my biggest weakness is that I rarely win an argument despite having sound knowledge of the matter.

Isn't winning merely a matter of how you frame the outcome?

For example, in OgNasty's case, he has never lost an argument in his whole life? 

Of course, there are extremes...

Sometimes, I consider in a thread like this, we have a back and forth process with information and ideas, and perhaps any of us can win if we are generally getting value from our participation.  Most of us are likely not participating in this thread or in the forum merely out of charity.... even though sometimes on a personal level, we also might be trying to figure out the extent to which our time might be spent in other ways.

Enough down today, time to go back up.

You think?

I see $65,505 on Stamp from slightly more than 30 minutes ago (as I type this post).  I am not sure if the bottom is "in" for the day... Of course, we have manipulative twats who love to make news drops at the close of Friday's markets.. which might even cause markets to be hesitant if there might be some expectations in regards to whether some  news drop is about to happen, or not?

[BitHodlers]

Enough down today, time to go back up.

You think?

I see $65,505 on Stamp from slightly more than 30 minutes ago (as I type this post).  I am not sure if the bottom is "in" for the day... Of course, we have manipulative twats who love to make news drops at the close of Friday's markets.. which might even cause markets to be hesitant if there might be some expectations in regards to whether some  news drop is about to happen, or not?

I think, or I hope.  

Geopolitics and the overall situation of the world since the introduction of COVID is boringly bad. People need to get more into peace and a lack of things happening, too many are addicted to events and action. We are long overdue for a cycle of good times.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

wait is chartbuddy on the wrong page?

oh..

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

It's most certainly not the case.
That said, I consider all declarations on how one or another asset class or a stock is currently "winning" as being false or very myopic.

We don't know much, especially about the future (to paraphrase Yogi Berra) .
I guess that if we had something like the "Foundation"'s Phychohistory, then we might have been able to make such predictions, but nothing like this has been developed yet.

If some has this ability of predicting the future then he would be a millionaire/billionaire with no effort.

I think the world knows the printing press is about to go wild. There’s a good chance we could get another Covid style inflation wave out of all this. Meanwhile housing prices are declining and rates are on the rise so people are being priced out of being able to refinance. If job losses creep up we could have a full blown recession on our hands.

It’s a scary time to be an investor with both cost inflation and a recession on the way. I guess that is why gold went crazy and Bitcoin is still above $70K. With the Fed now eyeballing rate increases, things could get bad. You can see the argument for Universal Basic Income being created.

Well about gold, when its price went high we listen stories that big powers are accumulating gold and its price will go to 6000$ and even high. Now when gold price has crashed, we are hearing different stories about the crash. Whether price goes up or down, there are always stories to justify that.

---

but I won't agree to stop responding to it, if you mention it.

Fair enough.

I am a very light-hearted person and my biggest weakness is that I rarely win an argument despite having sound knowledge of the matter.

that is your biggest strength as you are not delusion and realize the lack of importance of winning the argument when 100 years or more from now have passed.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Very simple My proposal is Bitcoin is worthless.
This thread is for arguments  against the value of Bitcoin.
Any thing in favor of BTC get deleted and placed in a third thread.

I have read all replies from 1st page to page 4 and it seems people have ran out of ideas, there are repetitive opinions and even though what i have in mind has already been said by one or two persons, i can say that bitcoin is a worthless coin because without the internet, no one will hear about bitcoin anymore and this is where the fiat currency is supreme because even without the internet, people can still make transactions since they are in cash.

Yeah it has become too repetitive so I am locking it.
I may revisit in a few weeks time.

Two lies and a truth   - one lie, one truth and an unknown:

Bitcoin is worthless, the bottom is in, and you are no fun!!!!!!!

 

[Biodom]

Get a load of this:

https://horsford.house.gov/sites/evo-subsites/horsford.house.gov/files/evo-media-document/miller-horsford_digital-asset-tax-bill-discussion-draft.pdf

Bitcoin is not on the menu, apparently, ....as far as de minimis tx is concerned.
I guess ...good luck with buying that coffee with LN.

EDIT: i don't pay much attention to the stablecoin yield as stablecoins are somewhat retarded, imho.
They are like a WD40 (or KY jelly, lol) that smooths things, but not the essence.

[OgNasty]

For example, in OgNasty's case, he has never lost an argument in his whole life? 

You fell victim to one of the classic blunders! The most famous is ‘Never get into arguments you can’t win’, but only slightly less well-known is this: ‘Never go in against OgNasty when cash is on the line!

Name that quote.