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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5061. (Read 26708773 times)

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1834
Merit: 4197
the noon wall report at 1:37pm

sharp declines start the week off for bitcoin with the price currently trading at $38.8k

1h



4h

#stronghands


some news of the last week

https://www.cnbc.com/2021/08/02/crypto-news-senates-infrastructure-bill-proposal-record-nft-trading.html

only a few i thought of note

1. Amazon denies report that it plans to accept bitcoin as payment
Quote
“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon,” an Amazon spokesperson told CNBC.

good..we dont need bezoscoin either

4. Crypto industry critiques infrastructure bill
Quote
If passed, the provision would define a “broker” as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.”

the 'trading on behalf' is the key..hodler unaffected
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I encourage all of you out there to stop and smell the roses.

Life is so much more than Money... Smiley

Spoken like a real no coiner...

 Cry Cry Cry


*SNIP

So many questions.

Nothing wrong with having questions.. gotta expect that not everyone has time or abilities to study BTC 24/7, so this remains a place for brainstormening.. .. but sure in the end, you are responsible to formulate your own opinions and strategies in response to the information that you have or believe that you have.

Good luck... hopefully you have been buying BTC all along (probably DCAing is designed for guys like you), which would likely mean that you picked up some coins in the lower $30ks.. right?  We were there for a decent amount of time over the past nearly 2.5 months, so far (again, not sure if we might be returning to potentially pick up some more if you have not already done so..).

That I have.

Part of the magic of DCA remains the quasi-blindness of it.  You are not blind to the overall concept of fundamentals, but you can be blind mostly blind regarding the short term price direction, and still end up profiting quite stupendously 5-10 years or even longer down the road... so if you cannot afford $50 per week, then cut down to something that you can afford, such $10 per week or even a smaller amount..

Of course, there can some advantage in maintaining some degree of investment aggressiveness, but do what you can do.. .. not just referring to Kylapoiss, here.

"People joke that Bitcoin isn’t really a trading strategy, it’s an exit strategy. What we want to hold is a form of non-sovereign store of value forever [...] I took a survey: the average Twitter user thinks it’s going to last 3500 years. Nobody’s in a hurry with Bitcoin. We’re thinking that it’s the future of property."

The average twitter user is either a bot or an idiot depending how you measure it.

I am kind of agreeing with you Richie on this particular point.. and it causes Saylor to appear weird to be asserting such nonsense, even if it were true.. just like his claim that BTC appreciates 200% (or even if he is just saying 100%) per year, that is nearly pure ludicrous to invest into BTC based on such specific expectations.....

On the other hand, I do agree with his overall view about bitcoin being a long term play.. and also his overall perception that bitcoin is going to go up forever, Laura.. but there might be some decently long periods of downity between some of the periods of UPpity.
sr. member
Activity: 467
Merit: 578
I am watching house of cards again I forgot that they mention Bitcoin a couple of times during the show pleasant surprise.
full member
Activity: 1400
Merit: 133
Precision Beats Power and Timing Beats Speed.
Dear bitcoin minimalists please use this ramp



As the aged skater, i'd quickly shred down this ramp instead of trying to jump the stairs or slide the handrail and probably break some bones  Grin


I know what you mean, Some see a Steep fall, WE SEE ADRENALINE Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 1400
Merit: 133
Precision Beats Power and Timing Beats Speed.


That's what happens when you spend your entire wage on hookers & blow....  Grin


Nah that aint me, i did try Cocaine once tho. But i seen how it Turned my friends into Toilet going maniacs lol i instantly quit and told them this aint for you and me boys. Sucks to be me huh Cheesy

BUT, i can tell you 1000% that there are individuals in here with us who have no problem with it Tongue

I am in this situation exacly because of them, i lost all my Fortune because of the Cocaine Addicts.

Coding isnt hard if you are tought about it at a certain age.. It is all about being told how to do it. Without that.. i doubt there would be any Cocaine Coders Cheesy



HEY IT IS YOUR FAULT FOR BRINGING IT UP
sr. member
Activity: 467
Merit: 578
The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.


When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks  Grin oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.


Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

That's what happens when you spend your entire wage on hookers & blow....  Grin
A good investment Cheesy
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.


When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks  Grin oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.


Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

That's what happens when you spend your entire wage on hookers & blow....  Grin
sr. member
Activity: 467
Merit: 578
...

Moar consolidation in the Bitcoin industry.  LibertyX is that company that struck a deal with CVS and 7-Eleven to allow buying BTC for cash.  I wrote positively about buying BTC from them at a local CVS some months ago.  They are apparently the largest BTM operator as well.  Link:

https://bitcoinmagazine.com/business/ncr-acquires-bitcoin-atm-provider-libertyx

I have no idea what this might mean for BTC price speculation though..
Probably will not affect the price of BTC that much if anything at all but it is positive news for sure.
legendary
Activity: 2968
Merit: 1895
...

Moar consolidation in the Bitcoin industry.  LibertyX is that company that struck a deal with CVS and 7-Eleven to allow buying BTC for cash.  I wrote positively about buying BTC from them at a local CVS some months ago.  They are apparently the largest BTM operator as well.  Link:

https://bitcoinmagazine.com/business/ncr-acquires-bitcoin-atm-provider-libertyx

I have no idea what this might mean for BTC price speculation though..
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Dear bitcoin minimalists please use this ramp



As the aged skater, i'd quickly shred down this ramp instead of trying to jump the stairs or slide the handrail and probably break some bones  Grin
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3794
Merit: 5474
Here are my 2c on Fed vs bitcoin.

It looks like the gov is in a mad rush to find anything extra that they could tax and spend.
In lieu of this, I think that it is exceedingly unlikely for them to effectively ban bitcoin, etc. since they would be decreasing, not increasing their tax base.
Witness gradual opening of the weed trade in US, the taxation of which definitely contributes to the individual states coffins. There was no tax and no revenue henceforth when it was illegal.

That said, they project completely unrealistic (currently) amounts that they can raise via bitcoin taxation as it is a small sliver of the overall economic activity and there lies some problems as they expect a lot more than they would see and when they would see a trickle instead of the flood, what conclusion would they have?
The answer is rather obvious and it would NOT be that they admit to overestimation.

Exactly.

On weed: The people believe that "finally the govt is coming around how harmless weed is, and that is why they're making it legal."

No you idiots, in these desperate times, they are desperate to tax your weed purchases. It has nothing to do with the govt protecting or not protecting you.

Hell, they would legalize fentanyl, heroin, and crack cocaine and make it OTC if the health risks weren't so bad.

At this point they don't give a shit what the people buy (within reason/legality), as long as they can tax it. They are desperate for money and are looking under every rock.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3990
Merit: 4597
Here are my 2c on Fed vs bitcoin.

It looks like the gov is in a mad rush to find anything extra that they could tax and spend.
In lieu of this, I think that it is exceedingly unlikely for them to effectively ban bitcoin, etc. since they would be decreasing, not increasing their tax base.
Witness gradual opening of the weed trade in US, the taxation of which definitely contributes to the individual states coffins. There was no tax and no revenue henceforth when it was illegal.

That said, they project completely unrealistic (currently) amounts that they can raise via bitcoin taxation as it is a small sliver of the overall economic activity and there lies some problems as they expect a lot more than they would see and when they would see a trickle instead of the flood, what conclusion would they have?
The answer is rather obvious and it would NOT be that they admit to overestimation.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
I think this should be developed into a poll question.
I do think so too. At least, it will show us how.the.divide.is.structured.
legendary
Activity: 3808
Merit: 7912
The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.


When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks  Grin oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.


Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

 Do it at the beginning of the month and economize elsewhere at month's end.
full member
Activity: 1400
Merit: 133
Precision Beats Power and Timing Beats Speed.
The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.


When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks  Grin oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.


Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.


When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks  Grin oh how i love to see JayJuanGee merit it since he was the biggest advocate for it Cheesy

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.
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