Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13133.

kirreev070

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Quote from: JayJuanGee on September 12, 2018, 03:21:19 AM

I appreciate your effort to fix the matter, but I still don't like the disproportionate role of the dollar, and so, for me, the whole image is not easy to work with in order to depict a more complicated dynamic and weird and difficult to pinpoint symbiosis going on between a variety of players that are not even included in the pic.

I understand you and in general I think just like you. But in this picture it is difficult to depict all the factors. For this need to do graphs.
P.S. I'm not a fan of dollars.

Totscha

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Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

All nice, but i think it is impossible to rate all coins other than bitcoin to be shitcoins.
Also, it's easy said.... shitcoins.
If you do, take an effort in telling wich are not shitcoins.I mean, a few months ago, everyone was wild over etherum (and many still are). Its too easy to call it a shitcoin due to bad weather on the market.

Personally; why shouldn't i set some auto-buys on ETH for a nice low low price.. Divericating my portofolio for a bargain..
I mean: its more likely for eth to do 1500 euros, as it would for Bitcoin to do 53000 euro's, right? Both doing X10 from today. Taken from this point it seems like a safe bet..

If not agree'd thats fine, but tell me why with facts, not opinions pls.

I'm a simple man.

I have a simple metric: Everything that was heavily pre-mined, insta-mined or air dropped is an automatic shitcoin.

There are other reasons I would throw a coin into that category, but this one takes care of the large majority... For example, only BTC, LTC and Monero are left from the top 10 after applying this simple rule.

It get's worse after that. Only Dogecoin is 'clean' out of the next 10...

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

All nice, but i think it is impossible to rate all coins other than bitcoin to be shitcoins.

Yes, for this thread and any bitcoin thread, it is both possible and reasonable to lump all of them together as shit. Something like this:

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

Also, it's easy said.... shitcoins.

Yes, easy said, in part because it is off topic, have you heard of that?

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

If you do, take an effort in telling wich are not shitcoins.I mean, a few months ago, everyone was wild over etherum (and many still are). Its too easy to call it a shitcoin due to bad weather on the market.

Ok get the fuck out of here, and post in an ethereum thread about your level of loves for ethereum.

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

Personally; why shouldn't i set some auto-buys on ETH for a nice low low price..

Do whatever the fuck you want, and go talk about it somewhere else.

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

Divericating my portofolio for a bargain..

Diversification is overrated, especially if you are deciding to diversify into shit.

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

I mean: its more likely for eth to do 1500 euros, as it would for Bitcoin to do 53000 euro's, right? Both doing X10 from today. Taken from this point it seems like a safe bet..

O.k. Go have fun, and cash out all of your BTC and anything else that you have and place it on the All wonderful ETH...

Quote from: dutchlincoln on September 12, 2018, 03:17:18 AM

If not agree'd thats fine, but tell me why with facts, not opinions pls.

I will tell you with a conclusion. Go fuck off with your desire for shit coin discussions to some other thread(s).

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: kirreev070 on September 12, 2018, 03:08:11 AM

Quote from: JayJuanGee on September 11, 2018, 07:09:20 PM

Quote from: kirreev070 on September 11, 2018, 02:48:08 PM

That is dumb.

Why the fuck is bitcoin being portrayed as equivalent to three other cyptos... Too misleading, of a pic, in my opinion.

Then it will be more correct

I appreciate your effort to fix the matter, but I still don't like the disproportionate role of the dollar, and so, for me, the whole image is not easy to work with in order to depict a more complicated dynamic and weird and difficult to pinpoint symbiosis going on between a variety of players that are not even included in the pic.

dutchlincoln

member

Activity: 434

Merit: 30

All nice, but i think it is impossible to rate all coins other than bitcoin to be shitcoins.
Also, it's easy said.... shitcoins.
If you do, take an effort in telling wich are not shitcoins.I mean, a few months ago, everyone was wild over etherum (and many still are). Its too easy to call it a shitcoin due to bad weather on the market.

Personally; why shouldn't i set some auto-buys on ETH for a nice low low price.. Divericating my portofolio for a bargain..
I mean: its more likely for eth to do 1500 euros, as it would for Bitcoin to do 53000 euro's, right? Both doing X10 from today. Taken from this point it seems like a safe bet..

If not agree'd thats fine, but tell me why with facts, not opinions pls.

TopTort777

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Quote from: kirreev070 on September 12, 2018, 03:08:11 AM

Then it will be more correct

Who cares, if in the end of the year we will be like this Grin

wayna

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Activity: 375

Merit: 103

Ethereum is literally collapsing. The market cap has lost about half of its value.

Shitcoins will reveal themselves for what they are.

Until now, BTC still has a strong wall support, it doesn't go under 6k$.

From December the downtrend is getting milder, I would expect a bull run for the end of year Wink

Considering also the uncertainty of the current financial system, it's possible the price will go up more than expected.

We are facing a stormy period.

Totscha

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The only thing that matters is that we are going up! Right, boys?

kirreev070

sr. member

Activity: 406

Merit: 293

Quote from: JayJuanGee on September 11, 2018, 07:09:20 PM

Quote from: kirreev070 on September 11, 2018, 02:48:08 PM

That is dumb.

Why the fuck is bitcoin being portrayed as equivalent to three other cyptos... Too misleading, of a pic, in my opinion.

Then it will be more correct

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: elrippos friend on September 11, 2018, 11:57:46 PM

Quote from: JayJuanGee on September 11, 2018, 08:07:08 PM

Quote from: lightfoot on September 11, 2018, 04:01:33 PM

Quote from: El duderino_ on September 11, 2018, 02:42:18 PM

Quote from: becoin on September 11, 2018, 02:31:43 PM

Quote from: Yaplatu on September 11, 2018, 02:20:46 PM

I am watching a tutorial to make a rope knot ... Cry

Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins!

i think not really much BTC hodlers actually SOLD BTC for BCH ..... maybe hodl the free shit
i'm happy unloaded ALL of that shit for BTC Grin

BCH was a coin that was created in what I like to call "bad faith". I stripped my wallets of it and turned it into btc.

Now that I think about it, ETH was also a bad faith coin, I have a bit of ETC because I believed in an immutable chain, not what ETH became....

This man invested in bad faith coins. And paid the price. Pity him. Learn from him.

I did a google image search, and I found this article.

https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

I am thinking How fucking stupid can you be? but then, I suppose that there are quite a few folks who bought at the top, and then made a bad situation worse by gambling. He would not be doing so bad, right now, if he had kept his focus on Bitcoin rather than getting distracted by shitcoins... Hard to recover, when your principle is only worth about 4% of what you started with?

I am not sure how much to pity such a crazy-ass gambling case, as described in the article.

For example, with myself, I bought into bitcoin towards the height of the late 2013 BTC price peak with my first 1.24BTC for $1,500, which is about $1,200 per coin to start with. But during the initial price fall through 2014, I kept with bitcoin and kept buying BTC incrementally, so the average price of my BTC holdings was about $520, and the price of bitcoin was about $200-ish with some price spikes below $200, so the value of my holdings stooped to below 35% of what I had invested, yet by the end of 2015, BTC price seemed to bottom in the $250 arena, and I made several mistakes, but continued to buy with what I could which brought my average cost per BTC to around $500, which is about 50% losses.

I guess I am thinking that 50% losses, is still way more principle to work with than 96% losses. When bitcoin recovered I made some more mistakes, including getting phone ported hacked, which caused my average cost per BTC to go up to about $750 per BTC, but I guess I did not have the fucking burden and confusion of multiple alt coins cluttering up my thinking...

Today, I kind of consider my average price per BTC to be in the $650 to $750 range, and the reason that average cost per BTC is not clear is because there is some uncertainty about how much value I should give to BTC, fiat and other token holdings on WEX, especially since they seem to have their own shenanigans going on.. and I am not quite ready to write those coins off.. .. even though their ongoing price shenanigans and their withdrawal freezes are seeming more and more difficult to recover from such negative public image. i am still hesitant to write off those coins.

Anyhow, you can have a lot of fuck ups in BTC, and still retain a certain decent amount of value, and I question myself regarding how much sympathy I want to give to folks who are gambling on alt coins, especially shit, scam and attack vector coins like Bcash and Ethereum.

Nice and honest story, i beleive he is not the only one who had this story Shocked

I gave whatever little bit of sympathy that might have been warranted, so in essence, boils down to still a DUMB, dumb.. as I already emphasized.

Deserving this:

HairyMaclairy

legendary

Activity: 1442

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Degenerate bull hatter & Bitcoin monotheist

Quote from: luckygenough56 on September 12, 2018, 01:43:20 AM

every coin on sale today, except btc

Shitcoins are worth shit

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

BTC Dominance: 58.0%

Yaplatu

hero member

Activity: 1344

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28K=Buy | Wallet=100% BTC

Quote from: luckygenough56 on September 12, 2018, 01:43:20 AM

every coin on sale today, except btc

Sale or exchange for BTC Undecided

El duderino_

legendary

Activity: 2758

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BTC + Crossfit, living life.

Quote from: luckygenough56 on September 12, 2018, 01:43:20 AM

every coin on sale today, except btc

Luckygenough

luckygenough56

legendary

Activity: 1526

Merit: 1012

every coin on sale today, except btc

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: JayJuanGee on September 11, 2018, 08:07:08 PM

Quote from: lightfoot on September 11, 2018, 04:01:33 PM

Quote from: El duderino_ on September 11, 2018, 02:42:18 PM

Quote from: becoin on September 11, 2018, 02:31:43 PM

Quote from: Yaplatu on September 11, 2018, 02:20:46 PM

I am watching a tutorial to make a rope knot ... Cry

Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins!

i think not really much BTC hodlers actually SOLD BTC for BCH ..... maybe hodl the free shit
i'm happy unloaded ALL of that shit for BTC Grin

BCH was a coin that was created in what I like to call "bad faith". I stripped my wallets of it and turned it into btc.

Now that I think about it, ETH was also a bad faith coin, I have a bit of ETC because I believed in an immutable chain, not what ETH became....

This man invested in bad faith coins. And paid the price. Pity him. Learn from him.

I did a google image search, and I found this article.

https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html

I am thinking How fucking stupid can you be? but then, I suppose that there are quite a few folks who bought at the top, and then made a bad situation worse by gambling. He would not be doing so bad, right now, if he had kept his focus on Bitcoin rather than getting distracted by shitcoins... Hard to recover, when your principle is only worth about 4% of what you started with?

I am not sure how much to pity such a crazy-ass gambling case, as described in the article.

For example, with myself, I bought into bitcoin towards the height of the late 2013 BTC price peak with my first 1.24BTC for $1,500, which is about $1,200 per coin to start with. But during the initial price fall through 2014, I kept with bitcoin and kept buying BTC incrementally, so the average price of my BTC holdings was about $520, and the price of bitcoin was about $200-ish with some price spikes below $200, so the value of my holdings stooped to below 35% of what I had invested, yet by the end of 2015, BTC price seemed to bottom in the $250 arena, and I made several mistakes, but continued to buy with what I could which brought my average cost per BTC to around $500, which is about 50% losses.

I guess I am thinking that 50% losses, is still way more principle to work with than 96% losses. When bitcoin recovered I made some more mistakes, including getting phone ported hacked, which caused my average cost per BTC to go up to about $750 per BTC, but I guess I did not have the fucking burden and confusion of multiple alt coins cluttering up my thinking...

Today, I kind of consider my average price per BTC to be in the $650 to $750 range, and the reason that average cost per BTC is not clear is because there is some uncertainty about how much value I should give to BTC, fiat and other token holdings on WEX, especially since they seem to have their own shenanigans going on.. and I am not quite ready to write those coins off.. .. even though their ongoing price shenanigans and their withdrawal freezes are seeming more and more difficult to recover from such negative public image. i am still hesitant to write off those coins.

Anyhow, you can have a lot of fuck ups in BTC, and still retain a certain decent amount of value, and I question myself regarding how much sympathy I want to give to folks who are gambling on alt coins, especially shit, scam and attack vector coins like Bcash and Ethereum.

Nice and honest story, i beleive he is not the only one who had this story Shocked

yefi

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Merit: 1511

Quote from: Paashaas on September 11, 2018, 10:55:59 PM

The only ''unstoppable'' Dapp is that $100k+ cryptokitty Undecided

You forgot what Eth was built for: the ponzi game Fomo3D.

nanobtc

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Activity: 605

Merit: 634

JJG, yes, that's it. I think the $50 was a kickstarter deal, they may be more now. The first few production batches were sold out. Yes, BIP39 comparability, seed words, easy (hopefully) to restore to another device in case of disaster. The damn thing comes sealed in a bag that changes color if it's opened, the bag's serial number is in the firmware (tamper-proof, proof).

Much more than I can relay is here: https://coldcardwallet.com/docs/

I was pretty happy with Ledger Nano S, glad to see ledger-live instead of Chrome extensions. I use it only on several Linux variants, but even on latest updates, the USB comm is messing with something. It's killing X, but the OS is still alive underneath. Chrome extension seems to work fine, but I am leery of trusting Mega-corp.

Little nit-picky stuff on the Nano S? The whole thing physically is a little 'wiggly'. The buttons don't seem physically robust. I would not expect it to take rough treatment. Nano S also has native Electrum support, but I haven't tried it yet (even though Electrum is my favorite software wallet. Paper has been preferred so far, but it was hassle to sweep the whole thing to extract shitcoins.

The Coldcard has no moving parts, the buttons are all capacitive (sp?) touch (with adjustable debounce and sensitivity), and a much better/bigger display. I think you can pretty much reset anything/everything on it, unless you use the BURNME PIN, that destroys the device.

I'm happy to see that Coldcard has source code available, and encourages home-grown extensions. That of course opens idiots to someday installing bad custom firmware (BUT THEY SAID IT WOULD CURE CANCER!). Conversely, Nano S pretty much just said "it's all a secret. Trust us".

Disclaimer: I am a hardware wallet newbie. Nano S/Coldcard are my only toes in this water. There are plenty of others. We are obviously at the tip of the iceberg, on what hardware wallets will someday become. I'm just trying to learn. I don't really need hardware wallets.

Stevenirving

sr. member

Activity: 296

Merit: 274

Damn young people with their social media and constant instant gratification (says the young person). Y'all need to learn patience!! The coin may drop it may rise. Eventually it will once again break the ath. There is no point flipping out over the possibility of breaking through the support barrier when that concern is short sighted. Bitcoin is not dead. It's growth and rate of world wide acceptance make it an inevitability. I am fed up with hearing all the whining about the future of Bitcoin. Even if we managed to crash down to some insanely low number for now who cares?

Torque

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Quote from: Paashaas on September 11, 2018, 10:55:59 PM

Quote from: Wekkel on September 11, 2018, 02:46:09 PM

The main selling point of ETH: gone.

The only ''unstoppable'' Dapp is that $100k+ cryptokitty Undecided

You know it's pretty telling when Vitalik and some of his followers spend a whole Twitter thread pondering if ETH even *has* a valid real world use case. Definitely no SoV use case like Bitcoin.

https://twitter.com/VitalikButerin/status/1039534193263296512

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13133. (Read 26720873 times)