Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11685. (Read 26711453 times)

Good analysis provided which i like to follow. Many analyse are good and right. Good luck.

You are right but we don't live in a perfect world.

I know bitcoin is the real thing, you know, i am sure Dabs knows it too but there are gazillion of people who'll be buying those shitcoins and do you think I am stupid if I want to profit from their stupidity? -no offense Dabs.

Dabs's mistake was, he didn't dump his alts on those suckers when he had the chance.

Ironically though, FIAT believers think the same thing about us, btc holders. "Poor fuckers they didn't dump their btc on suckers when they had the chance."

It gets confusing a bit  

https://twitter.com/HillebrandMax/status/1092114319465201665

Yeah, but Dabs is also referring to that he was lured into various alts based on the attraction of "interest" which is a kind of way of suggesting that people who invest in some of these alts are going to benefit more greatly and even, perhaps, be able to embark upon a kind of passive income living that they cannot enjoy in Bitcoin because largely bitcoin does not have passive income built into it.

What I am trying to say is that there is a kind of false luring into alt coins to really buy into the possibility that they could have some income generating superiority over bitcoin when they have the interest bearing aspects.  It is a deception that is NOT true, but only becomes apparent to NOT be true with the passage of time, and you end up seeing, through experience, that those purported passive income interest bearing coins are NOT delivering value as well as if you would have just kept the value in BTC.

These kinds of deceptive practices are not going to stop anytime soon, especially when there are only less that 1% world adoption, and a lot of dumb money out there, and there is going to be ongoing marketing (perhaps many up and down cycles of such for the next 20 to 50 years) that lure new investors into buying inferior products because they perceive that Bitcoin's value is too high and that they can make more money through various purported bitcoin 2.0, 3.0, 4.0 alts. 

you had 50 btc but gambled it away buying shitcoins?  and you still want to keep the shitcoins? imho hodl refers to bitcoin, not to shitcoins.

Peter Vessenes is such an incredible a..ho.e .  claiming 25% of btc marketcap, what a shitshow.

Looks like the beginning of decentralized hat making.  A kind of competition point for homer. 

All good things must come to an end, including hat-making monopolies.   

Thank you, xhomerx10. I think that the drink is a real holder BTC. (rum or whiskey)

It depends on the alt. Have to do a lot of research. As much as almost everyone here hates ETH, if you had just bought into the ICO in 2014 with 1 BTC, you would have 2000 ETH. (or if you got in with 10 BTC, you would have 20k ETH.) Then all you'd have to do is sell half at the top, keep the rest for the future.

Which is probably true of a lot of alts in 2017-2018.

There are now so called stablecoins ... the correct strategy these days would be to get collateralized debt positions on them, cash out to fiat, buy whatever you wanted to buy, and slowly pay it off (as the rate is some absurdly low 0.5% per year or something.) ... But they're all in alts, not in BTC, so ... a little work to get it done.



It is. We still don't know if this is bottom, but it's low enough for all practical purposes in the long term.

 Appreciation alone will always suffice!   Glad you like it

Hey old chap - many thanks for the hat upgrade!  A bunch of inadequate tokens as a mark of respect.

That seems to be part of the problem of getting into alts in the first place.  It takes a certain amount of a gambling mentality to think that you can "use" alts in such a way that you can figure things out.  And, we know what tends to happen to a vast majority of gamblers.  They keep doubling down and employing various strategies that are likely going to bite them in the ass if they don't keep real tight reigns on such inclinations.

Not picking on Dabs because there continue to be a lot of alt dabblers (pun not intended) out there who are playing with the same kind of alt gambling fire.

Just don't hold on too long

 Well that's pretty darn good!  What manner of beverage is that with the Bitcoin slice on the glass?

The last bear market felt just the same. When you can not be bothered to look for months at a time and have genuinely given up, that is when the new bull will gradually start. You won't see it happen because you won't be looking. It is a great indicator.

I believe this bear will be longer than the last one. Apologies for the bad news, but I think it's best to be realistic.

Wow that story is very sad. Stay strong brother... stay strong.



Seems like the FOMO has taken a hold on you last year because alts were mooning a lot harder than BTC and you couldn't resist.

Coincidentally, today I was checking this website: https://athcoinindex.com/

There are many shitcoins which lost more than %95 of its value and I believe there are shitcoins which can do x50 or even x100 during the next bull run. I am considering to buy some of those shitcoins nowadays.

While I am deeply sorry for your losses  and I can empathize with you (me was always in btc %95+ though, means i lost only %80-85 instead of %95) these type of posts are the ones we call "blood in the streets". And a buy signal.

On xhomerx10's advice, I tried to make a hat for you. After reading your publication history, I thought that you love Bitcoin and alcoholic beverages. You have good taste! At first I wanted to make a beer, but I still did not know if you like it. I slightly corrected the idea of xhomerx10.

What say about this hat?

---

---

 

Avatar:

---

THX for the lesson to show again never to invest more than 10-20% of crypto-portfolio into alt's................
mainly keep it in BTC

but indeed HODL

Fair enough.


I know the feeling, if things are not going well, sometimes you have to get matters sorted in your head before you are ready to share. 

I did not want to say anything for months when my phone got force ported in early 2017 (and BTC hacked), and there was some ongoing nature to the matter too, because the hackers continued attempting getting into accounts with information that they had initially acquired. 

Also, BTC has not gone unscathed in this whole crypto crashing situation that we are still in, so just HODLing causes losses, but there are certain actions such as trading or leveraging that could have made the situation even worse, so the part of dealing with loss is certainly understandable and relatable in general ways, even when your specifics are particular to you.


Good thing if you are capable of working, and surely the more skills you have, then that can help get more remuneration (which is not always the case, either).


Surely not a good thing, but part of the risk of dealing with exchanges.  Coins that I lost in early 2017 were on exchanges, and it seems pretty solidly likely that I even lost some more recently with the WEX going incognito situation.... risk of keeping some coins there (I thought that I was supporting them by keeping some coins there, but not to the extent of actually wanting to give up my coins to them... those fuckers.). 


Yes.  So that is worse than just losing 85% of the value of the account by depreciation, which is what many of us have experienced, even if we acquired more coins with the price going down, there are many situations in which the overall value of the holdings still is in quite a large negative territory, relative to where it had been while we were in the supra $10k prices.

One positive aspect, Dabs, is that you clearly already recognize the value of BTC and its upside price potential, so in that regard, as long as you continue to attempt to both HODL and accumulate, then you will likely be better off for attempting such self-discipline, with whatever you are able to muster up - even if you are only able to buy $5 worth of BTC a month or something like that.

By the way, in early 2015, I had some cashflow issues that related to the behavior of a non-BTC business partner (quitting on me), and caused me an inability to buy any BTC for nearly 3 months.  And, yeah, that was coincidentally during the BTC low prices of that period, and after I sorted out some of the cashflow and the business and put out some of the fires, between about April 2015 and October 2015, I was only able to actually buy small amounts... for fuck sake, but some of those seemingly small purchases of between $5 and $50 worth of BTC in the mid $200s added up to decent amounts of BTC, these days (between $5 and $50 would have been .02BTC to .2BTC, respectively).



Fine about brainstorming ideas, but fuck gold and silver.  NO need to put much value in those old world materials.  hahahaha


Experience-wise, that part is good, but now it sounds like you may not have been taking adequate protections.  In other words, perhaps you were spending too much with your "living on crypto" attempt.


Part of the problem with that is that almost anyone and their dog can make money in a bull market of the type that we had experienced in 2017.


Sure. A lot of this continuing to go on in the crypto space, and the million dollar question continues to be the extent to which the continued bleeding of alts and other projects is going to continue.  Currently, it seems that the vast majority of "experts" in the studying of cryptos space seem to believe that there is a decently long additional period in which more bleeding has to take place - because peeps in crypto are still too happy and still too optimistic.  I am a bit torn on this kind of framing of an "alts gotta die" condition precedent, at least at this time.  In other words, I can also see scenarios in which the market starts to reverse before going down, even though I recognize that the odds seem to be against such scenarios.. another way of just saying that we remain in a bear market in bitcoin and in other cryptos, too.


Hopefully, you can figure out a way to sort out your finances, and if you have to go homeless for a short period of time, that it would be in a warm climate or at least in an infrastructure that would cause that only to be a temporary and quick transitional state that allows you to get back on your feet and learn and reorganize from such such pending possible situation.

By the way, I do believe that you have to balance situations, and of course, you don't want to get into a situation that you have to sell some of your BTC, but sometimes, that might be the only intermediate practical step. 

Currently, I am think that it is going to be pretty likely that I will be taking some BTC with me when I die, but ideally would be to spend every last satoshi by the time I take my last breath, and second best scenario would be to be able to bequeath anything that I happen to have by then (hopefully not too much, by then.. hahahaha).

wow WoW wow never insult a BELGIAN beer brother BOB, they are the best in the world........
i'm not a real beer drinker, but among the BEER's i do like stella artois

but stil hand me that WHITE RUSSIAN in that pic right there

session is going monstrous good @the moment ME LIKE

MANY WHITE RUSSIAN's on the way to my digest-area