Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12127. (Read 26610289 times)

Well, there is this one guy named roach, who sold his whole stash of BTC in the sub $600 price arena, and he bought gold and silver.  Thereafter, he has been lecturing how bitcoin is and was not a good investment.

Lot's off opportunity costs have been lost upon this roach fella, and even worse case scenario, at today's prices, he would still be up more than 5x if he had just hung onto his bitcoin.

Probably roach would be considered pretty close to the dumbest money who is actively participating in this particular thread.

I cannot really speak for Micteam because I am not sure if his back patting story really plays out because in some sense he is suggesting that he gets his BTC through gambling, which seems way too good to be true.

However, my own story is that I started buying at $1,200 in late 2013 and bought down to about $200 in late 2014 and throughout 2015, and had an average of about $500 per BTC before my phone got force ported and some other hacks that caused losses in my BTC in early 2017 and raised my BTC price average to around $750-ish.  I am not sure exactly my BTC average at the moment, but it is likely in around the $750-ish arena.

Surely I have made a few mistakes along the way in my BTC investment, strategies and practices (and even though I know that you are a trolling bafoon on this particular naming names point), yet I am not sure why I would be considered within any kind of close approximation of "dumb money" when I have an incrementalism system of selling BTC on the way up and buying BTC on the way down that seems to be quite profitable - even if only in a kind of insurance creation sense - even at today's prices and even with some mistakes that I have made along the way that have increased some of my costs. 

By the way, even though I type a lot, I don't reveal all of my finances and all of my strategies, even though I give broad general ideas about what I do as a kind of brainstorming exercise rather than any kind of attempt to induce anyone to emulate my practices.  Ultimately, I welcome guys and gal, here to engage with me about my various disclosures of strategies, and sometimes, I can be critical about the stated strategies of others, but to get back to the initial point, Roach, your purported strategy to sell BTC in the sub $600 range, not to buy back BTC, to invest in PMs and to participate in this thread that is about BTC price dynamics with your frequently off-topic nonsense seems quite high in level of dumbness of person and dumness of money.

Yeah... unh... I dunno. 'Round these parts, $1M in savings is kinda wage slave money. What with the widest accepted annual drawdown on the order of 4%, that be like $40K annual before taxes.

Nah that’s not a no confidence motion it’s a name calling motion.  Chickenshit. Labour doesn’t have the numbers yet.

Correct. Luckily though 'most' of the world's population doesn't have any money, relatively speaking. In fact, less than 0.1% of humanity controls the vast majority of the wealth. For these people, pondering the nature of money and taking financial risks is what they are best at ...

bitcoin adoption has never been about numbers of souls converted but numbers of dollars, euros, yen, francs, pounds converted.

https://bitcointicker.co/stamp/btc/usd/3hr/

Labour can fuck off. Corbyn is the biggest cuckold the world has ever seen. I’d consider emigrating if he ever takes charge of the country. We’d be open to any kind of non working, non tax paying immigrants, we’d be helping the pooe & all sorts

Unless we go under $150... That would mark a lower low and the uptrend would be definitely broken.

Well the current mid term trend *IS* down.  I don't really think it's stopped yet.  When will it.  That is the question.


And the current long term trend has only ever been up.

Hairy - looks like you'll get that no confidence vote you were schooling me on, but
i've nfa

1) There are exchanges that charge zero for makers.
2) Bitcoin _is_ very volatile.
3) On a long enough time scale, there has never been a Bitcoin bear market. We'll hit one some day. Unlikely we have as of yet.

BTW

F*** = BTC still this cheap??

@r0ach, you have all the time of the world, anytime you sell silver for BTC = a good trade like always!!

I think the real weak hands are already left the market....

we'll see

Nowbody care’s and coiners don’t give a f***
#honeybadgerHODL

That headline makes it sound like there will somehow be less bitcoins if large miners quid.
I think it's good to have more smaller independent miners.

So how many hours or days until it go down again ?

I thought that we have been saying that all the weak hands had been shook since about $10k, but for some reason, it seems that there are more weak hands that are shakeable.

Your characterization of my position seems a bit off.

I consider that there is a strong pull in BTC's value proposition in terms of the creation of sound money.  No other coin comes even close to that even though with the passage of time, there could be some coins that come close to that, yet a vast majority of my problem with various other coins is that they attempt to suggest that either there are defects in bitcoin that they resolve or that they are superior than bitcoin in various ways that suggest superior sound money as compared with bitcoin.

Sure, some of the coins talk about technical improvements and other likely less significant mumbo jumbo that could, in the longer term play out to be useful to humanity, and may also be absorbed into bitcoin at the primary layer or  some other layer... Yet, for me, the sound money aspect remains the distinction of bitcoin, not the other various quasi-centralized distractions of other coins.  

So, yeah other coins are likely providing various  values, but other coins is not the topic of this thread, so it is totally appropriate to completely and cursorily dismiss them all as shit coins, even if they may be providing some various alleged kinds of values.  Who gives a shit?  

The topic of the thread is bitcoin, and as I mentioned one of the differentiating values that bitcoin provides is sound money, and frequently, I see that either on purpose or accidentally, people get caught up in various other value narratives, and whether those other value narratives works out or not, again, who gives a shit, except that a vast majority of other coins try to proclaim themselves as superior to bitcoin or replacing some kind of meaningful bitcoin function, when they do not in terms of soundness of money analysis.


Seems likely, yes.


Maybe, but again, who cares?

If there are some reasons to buy a little alt coin here and there, then anyone can make those kinds of choices to invest into the various other projects, and there could be some value there, of course.


Yes there are more than 7 billion people, so a lot of various use cases that may or may not connect to bitcoin, of course.


I doubt that I am saying that every other coin is shit, and of course, we are stuck with some necessity to discuss the dynamics of various alt coins because there is some connection in terms of money movement in the BTC space, and likely some symbiotic relationship with the back and forth of the alt coin price movements and even pumps, dumbs, and scams.  Yet, I don't see any reason to get into long discussions of the various value propositions of shitcoins.  Take it to some other thread except to the extent that it either relates to BTC or BTC price dynamics, no?


Are you suggesting that I am not keeping an open mind, merely because I don't want to clutter my mind with distractions into the investigation of possible value propositions of more than 2,000 other crypto projects, aka shit coins, or maybe I am supposed to focus on the top 10 or top 20 or look at some kind of criteria to assess the extent to which these various shit coins might be offering some kind of value?  

Let's say for example there are 5-10 good alt coin projects that end up either playing a very significant role in the crypto space or supplanting various BTC use cases because of their superiority.  Why does it matter that I start to pay attention now (and study them) or wait 5-10 years when such supplantation becomes more obvious?  Am I missing out on something?  Knowledge?  Investment opportunity?  What am I missing, exactly?  Don't I get enough exposure to learning about them, just through osmosis with my already ongoing involvement in paying attention to bitcoin?

ftfy

Haha read it as well

And about the Dutch BTC famillie etc
Lot of dumb news