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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4998. (Read 26710142 times)

legendary
Activity: 2282
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Cлaвa Укpaїнi!
Another gourmet dinner.

legendary
Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
guys fuck you money status (to me), means this:
1-own safe, nice place you call home
2-own other things you want, maybe sailboat to get supplies to bring to your home
3-have supplies (food, medical, essentials) to live

So however bitcoin needed for that, maybe its a nice little self sufficient shack, maybe not.
THEN
those 3 things need to be 100% paid off, but they cost money each year, every year.  So you need a certain amount that once invested/interest bearing covers all of those costs.  If all this costs 50 000 usd a year in taxes, maintenance, supplies, etc (remember it needs to be all paid off), and a safe investment bears 3% interest.  Right now you would need about 35 Bitcoin equivalent.

Then you have fuck you status because whatever happens in the world - war, pandemic, aliens, nocoiners revolution - you can never, ever, ever lose your assets or your way of life.  ever.  Everything else you do in life is literally "fuck you" because all the risk of basic material human life has been taken away and gone to 0.  This is very, very, very difficult to achieve and even people with literal tons of money don't achieve it.

edit:  so when central banks load up on bitcoin ?
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!

My experience: You can only be worried about money if you have money you don't want to lose, for any reason.
No money, no worries (about money).
No woman, no cry.

Money well gives you security, which again, is not happiness. Well, maybe happiness is sometimes dependent on security. But it's not the same at all.

You have to realize that your personal experience does not apply to the whole population.
You might not get happier if you get rich, but the majority of people do, as shown by science, and me.

In this one you are simply wrong I'm afraid.

Still, it's not the money that makes you happier. It are the things it buys you, aren't they?
So i stand by my point, people get happier if they get rich, because they know how money makes them able to buy things that make them happy.
BUT many things make you happy only for a short time. So people want "more happy", buy more things. The old supercar isn't super anymore? No problem, buy a new one. Enjoy it until you see the next, even more super supercar. The moment you know there is a better one you want to have, you're unhappy (about still having the old one).


Not sure about this. Wasn't freedom what we were looking for? The "fuck you" level?

There's a lot of unseen continuous costs coming with "things", be it a house, a car, a laptop or a TV: taxes, storage room, subscriptions, memberships, repair and maintenance etc.

Buying more things is not the right way of maintaining fuck you level, mate.

After all this hodling and determination for years and years to get this virtual money running, are you really going to find happiness in spending your profits on material stuff? Not saying you're wrong or right, only that I have other plans.

(FYI if I'm not mistaken, the true meaning of "No woman no cry" is actually "No woman, don't cry")

Absolutely right imo.
I actually don't believe that things make people happier, i just presented an explanation of a common misinterpretation (of money making people happy) to Arrie.
So, freedom from money and from the need to earn-to-survive also creates happiness. This is closing the circle for me. Thanks for pointing to the freedom aspect.

On "no woman"... From Patwah (Patois) it would be valid to be interpreted as "no woman, don't cry", too. Too bad Bob (Marley) can't be asked anymore about this.

It's not a misinterpretation, its the honest to god truth, money DOES make you happy!! It's that simple.

... money cannot buy you happiness, don't buy into the lies of mammon.

... economic security can make your life less miserable, there's a difference

Yes it can, don't buy into the lies of the hippies.
legendary
Activity: 2520
Merit: 3038
Assholes fucked with the wrong guy.

The poor sods don't know shit about titanium training plates or rusty pipes. Gentle with thy neighbor, Bob!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 416
Merit: 125
Hey proudhon can you please check how many days since above $40k now?

Aug 5 so around 2 days for that thread to die.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
For Euro-landers, we're nearing 40k €... Could easily go beyond it today.
We need $50k mark again. It's been long time since we are below 50k
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
For Euro-landers, we're nearing 40k €... Could easily go beyond it today.
copper member
Activity: 1526
Merit: 2890
Hey proudhon can you please check how many days since above $40k now?
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
After the double chartbuddy, we have a double BitcoinGirl.Club
What's with this new McDonald's hat?

$50k is not far!
legendary
Activity: 1974
Merit: 2124
A nice place to chill in Portugal bitching about the government policies while having a chilled beer with like minded people.Good place to hangout on weekends Grin

 
legendary
Activity: 2380
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legendary
Activity: 1722
Merit: 2213
Delayed response, missed this reply before, rather than ignoring it.


[edited out]

hey, by the same thinking...bitcoin is untested too, just a beta software, no wonder the latest version is 0.21.1  Roll Eyes
10 year wait for results is not productive as some might be immunized by 5-10 different vaccines in the interim.

I waited *almost* 10 years until I invested in Bitcoin, once the blockchain was tried and tested. I knew about it for years, but never trusted it, as I'm naturally a skeptic  Tongue

It seems to me that you are exaggerating a wee bit, even if perhaps you did not start to invest into bitcoin until 2018-ish  - sometime after registering your account here.

Not really I don't think, more badly explained I think. I did "invest" prior to account registration in 2017, but this turned out to be for quick gains, as came "late" into the market basically around $5K, so didn't want to get rekt  Wink
Otherwise invested properly as a hodler in 2018. So in summary either I waited until BTC was 8.5 years old, or 9.5 years old. Hence: *almost* 10 years. But more to the point...

One thing is knowing about bitcoin in 2009 or 2010, you are not saying that you knew about bitcoin then, are you?

I think you misunderstood me. I meant I waited until Bitcoin was almost 10 years. I didn't mean to imply I quite knew about it in 2019/2010 no, but sure I see this was the implication from sloppy English.

Definitely wouldn't have waited around if I was engaged with the software back then and saw it trading for cents! But ultimately wasn't computer literate by then so would have been impossible for me, plus very odd. I did find out about it in 2011 when a homeless hacker-ish friend claimed "this could be worth thousands now it's worth $1", therefore wanted to crack some free internet for us in order to mine some coins... But ultimately he never got that connection sorted. There was no strong enough WEP available from the neighbors, was trying dictionary brute force WPA prior to reaver/WPS, so gave up after a week. He instead got some coins P2P, followed by selling around $5-10 for some high grade weed (a classic case) Cheesy

Then again exposed in Winter 2014 while living with a core dev & (legal/unofficial) "hackspace" for a few months. I did learn a lot, but they were too busy getting high for me to take them seriously. Even when they weren't on acid, it seemed like they were on acid basically. But ultimately, even while being computer literate by then, it still seemed too young and too high risk despite the potential. Especially while beginning it's down-trending at this point after blow off top + had no money then anyway  Roll Eyes 

Plus the crew were annoying af to live with, proper waste of space, so put me off for personal reasons investing in "their ideas".

And really no investment was really available in those earlier times - except mining and bitcoin largely did not have a price until mid-2010. and that was quite vague and weird (such as two pizzas for 10k bitcoin).. so I would not even have considered that there was any meaningful "investment" opportunity in the financialization sense of the word (not just talking about time to mine it or to involve yourself in BTC development or some other kind of investment) into bitcoin until perhaps 2011-ish.. and of course, more and more opportunities for financially "investing into bitcoin" came about with the passage of time.. and moreso maybe in 2013 when more exchanges came about such as Coinbase and Local bitcoins and some others began to become more available.... .. but even then.. still pretty damned niche of an investment - so sure.. somewhere between 2011 and 2013 seem to be about the earliest of days for financial investing into bitcoin - niche as it was  (unless you want to explain some other ideas about what you mean by missing out of investment opportunities into bitcoin by nearly 10 years..

For sure there wasn't a mainstream investment opportunity, especially from the UK. The housemate had already had their unlicensed exchange shut down by UK PLC after making bank so it didn't seem like a sensible idea to try and buy some coins either, even from Coinbase Wink Probably shouldn't add that last part in, as those involved back in these times in this location will know very well who I am talking about. But sure, I was around this scene, and could be one of hundreds of people uninterested in Bitcoin  Wink

So maybe if you say when you found out about bitcoin and describe the kinds of "investment" opportunities might have been available to you in your earliest days of exposure that you failed/refused to partake in...

I think you can tell from my past exposure with Bitcoin, it was relatively high and twice over, being in the the circles I was mingling in. Mining doge in 2014-205 was also standard practice from a housemate I'd be living with for example.
(An ex-housemate I still don't know the username of on here to be honest, but was involved in bounties on here while not busy taking heroin or otherwise)

Don't get me wrong, I am not proclaiming that you are totally off of the planet - because surely there are some particulars that you could likely flush out to bring better meaning to what you are describing - rather than some concepts that could be very easily misunderstood or even mislead people into thinking that there were real and meaningful investment opportunities in bitcoin in the early days beyond for the real geeks and internet nerd specialists (not suggesting any kind of denigration of the nerds).

TL:DR: It's ok, I hear you. Primarily I didn't explain very well the "waited 10 years part". More like waited 6/7 years in total ish, followed by waiting for Bitcoin to become 8/9 years old.
Hope that helps specify the previous response  Smiley



But sure, the more diverse research the better! After Bitcoin there were more than 5-10 different currencies that came about as well.
Nice try though  Tongue

Gosh.. comparing bitcoin research and virus research seems a stretch of a topic.. and who really wants to talk about some some 5-10 different currencies in this here lovey dovey bitcoin thread, unless perhaps we have some shitcoins that we feel like bashing..

Precisely my point, hence this wasn't my initiative as to me it seems like a very dumb comparison Tongue
I was just trying to show how stupid the analogy actually is, thanks for your assistance  Smiley
legendary
Activity: 2380
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legendary
Activity: 1722
Merit: 2213
I still see the local pocket of support that has a strong chance of bouncing the price back above this critical Daily MA, given the strong uptrend on the 4hr chart:



Well this was nice to wake up and see Cool Didn't even test the triple pocket of support, only the 50 MA and straight back up in an uber bullish manner  Cheesy



Despite currently being back above the 200 Day MA, there is a TD 9 Sell Signal to be cautious about (currently shown as a Red 1), so I wouldn't get too excited quite yet:



Looking at recent data, these have been relatively reliable buy/sell signals (5.5 correct sells, 3 correct buys, 1.5 wrong buy/sell). 85% accurate for now?
My guess would be a classic 1-4 candle correction not much else,, unless the 9 is breached (similar to opposite of the yellow X scenario): moon.
Healthy support zone in purple just below the price; 21 MA, 0.382 fib & previous resistance turned support. All looking good to me.
Patience is a virtue 🚀
legendary
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legendary
Activity: 1891
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All good things to those who wait
Let's hope the fate of Binance will be different than MtGox, but the latest Defi hack is a red flag for anyone keeping funds on that exchange.
I am not sure where else I can do my LONG positions on. It has huge volume and I kind of like the UI aswell.
I am not a fan of centralized exchanges but Binance is the rock pillar of the Crypto community at the moment.
Breaking it will only break the Crypto space.

I can't give an advice for futures trading. For me futures trading=shitcoins trading=casino=russian roulette. I would give only the advice not to keep coins on any exchange, especially shady like Binance.
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