Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12136. (Read 26609871 times)

You have pumped that shit before in this thread, asshole.

You should be ashamed of yourself.  

Again.. infofront beat me to it.


You are full of shit, tokonormal, and surely, there is a bit of reductio ad absurdum going on with your attempted lame points or maybe we would categorize it better as misplaced concreteness?   

MY MISTAKES (Continuation)

Another thing I did wrong during the bull trend was being LAZY.

When you see your net worth quickly increasing thousands of dollars in a much shorter timeframe than you are used to (ie: Weekly, daily, hourly....) just "Watching the Walls" or doing some trades here and there, it is easy to procrastinate on other stuff you deem comparatively less important at that moment. I am not talking about personal life here, but crypto wise.

There was lots of money to be made with the multiple forks, airdrops, etc yet I didn't take enough advantage of them.

Many seemed to "not be worth the effort" but that was only comparatively at that time. Also some required some research, creating accounts on some other exchanges, ... In other words: WORK.

And why would you want to work for "pennies" when you are already earning thousands just for watching your bitcoins grow in price (coz, you know, you need to look after them all the time, right?)?!

WRONG!

We prepare during years of bear market, accumulating, trading and more importantly WAITING for the moment that rally comes and every part of the puzzle fall in place and  all the opportunities are handed to us. And we need to take them. All of them.

I left on the table, and still have, most of Bitcoin Gold, and *ALL* of the other less valuable forks (Bitcoin Diamond, SBTC, ). Also many of the airdrops like Bitcore.

With some I fooled myself thinking "Well, there's no hurry, I will be able to cash it out later and maybe at a better price too"... But that was not true, I was just being lazy.

Had I not been and really think it may be better to wait, I would have anyways cashed/traded 50% then and hodl the other 50% for a better moment. But no, I did absolutely nothing. Out of pure laziness.

The advice here is: Don't be lazy, try to participate in airdrops, extract all the damn forks asap and get them ready, ... ACT.

Additional advice come from another mistake I made: Not having ready all the exchanges I would later need.

So, during the bear market, employ your time opening accounts in as many exchanges as you can, verify as needed, learn their UI, etc... During a bull market things happen very fast, and chances are that you won't be able to use that exchange you need to trade some fork/altcoin or use for fiat withdrawal if you have not done your homework well in advance.

This last advice is particularly important in regards to withdrawals. It is preferable to have established some previous history with the exchange, make some deposit/s to join the bank account, etc. And it is also better to have a few different ones too when the moment comes to pull the trigger. As many as you can. Minimise third party risk, split the withdrawals over them, don't do it all at once, etc....


^This is something I am doing right now. It will be a long process. You should do it too if you haven't already. Don't procrastinate. ^

(Will continue)

Get a grip. Bitcoin got to 2015 just fine without alts.  Since then, isn’t a single alt that has achieved anything other than breed scams.  

Almost all of those projects will be abandoned by the next bull run, if the SEC doesn’t get them first.

Bitcoin is an electronic commodity, not a political party. If it was the latter it would be even less investable. Be thankful for what you've got. (And be thankful to Altcoins for making bitcoin great because, contrary to your logic, it would be nowhere without them )

dude's getting la chancla, and deserves it

Not a good comparison, but I give you the freedom of thinking so... .
Does not unground my proposition : the whole alt- fork- shitcoin circus is the ill, virus or any other name you want to give it. And that and exactly that makes the Dimons, or demons and Blanksteins laugh now.

That is a very short sighted philosophy.

You should see them as complimentary. If crypto was an undiversified market with a bitcoin as a monopoly it'd be as dead as a doornail. There'd be no hedges, no sector-specialised entry points, a million "Nouriel Roubinis" waving goulish scare scenarious at you that could never be field tested and no subsidiary industry to "buffer" the capital transiting in and out of the  asset. Why is BTC not sitting at $500 right now ? Because it's being buttressed by Altcoin capital.

Altcoins probably attract far more value into bitcoin that what they take away. In fact many maximalists openly state that alts are "just a way to earn bitcoin" - hey ! they might be finally getting it.

P.S. Regarding Biodom's T/A above, I am of the "springback" view as well. Have been for a while due to the sharp correction we took shortly after the 20k peak. Given that there'd been a year of bubble building ( as opposed to 3 weeks like in 2013/14) I thought we over corrected. Add to that the Craig Wright "dumps" distorting everything, I wouldn't be surprised to see the "springback" scenario occuring.

Say, you guys KNOW some good looking and open minded chicks, I gather.
I am a bit jealous.

as long as it was inspired by anna kendrick above the chart...

Why would we take off vertically from here?
In any case, there should be some selling anywhere between 15-20K.

Looks like a lot of monero shitcoin shillers are in this thread as well. Guess they are too blind to see that shitcoin is dying a slow painful death, very low trading volume and it is already inflated by wash trading.  Barely anyone even cares about the privacy features either.  STICK WITH BITCOIN FUCK THE SHITCOINS

Sounds like the man in the traffic jam complaining about the traffic.

Is the bottom in? No we can go deeper

 

And that is why shitcoins are only parasitic inflation on bitcoin. And all the hassle caused by their promotors only has dammaged the value of BTC as an asset, or store of value outside of the mainstream system. So now, here we are, bruised and bottoming every day, week lower, until  we will be a note in history. I see more value in the physical bottom in my house than ever now... .  

I heard George Soros has been dabbling in the crypto markets.

More light reading. Perhaps the last paper was a bit too esoteric. Imagining the whole Universe as a blockchain...pfft...the nerve.(My interpretation, not the author's.)

https://medium.com/@willemvandenbergh_85885/on-schelling-points-network-effects-and-lindy-inherent-properties-of-communication-c4eb69b55c60

https://medium.com/@laurentmt/the-yin-and-yang-of-bitcoin-bf056f3fd58c


And something different, fun at 264,000 feet. Weeeeee

https://twitter.com/JPMajor/status/1073632072474988544

Ok, from the poll it seems that most people thinks we have not yet reached the bottom. So... maybe we have?

I would say all the weak hands are already gone. I would be more worried about weak whales now.

Talking about whales... it has been some time since Bitcoin doesn't have any new whale, has it?

I mean, people like Tim Draper during the past bear market, etc....

Any new one this year?

FAANG are also falling since this summer...

Bitcorn dictates the price. Shitcoins are just Bitcoin money flowing into shitcoins and then back. Alts would be nowhere without Bitcoin, which doesn't mean that they won't serve a multitude of roles in the future. Without alts Bitcoin would simply become the denominator for stocks, bonds, and whatnot.