Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13256. (Read 26707063 times)

Isn’t that just the market mechanism in general?

yeah
https://www.techspot.com/news/75750-20-year-old-college-student-hacked-40-phones.html

Surprise?

But everyone's is different. Whose chart becomes true?
Anyway btc died again.

TA is probably the only pseudoscience where if enough people believe in it, then it becomes true. TA is effective as a form of collective delusion, and that is enough.

100 coins is a lot of coins these days.  Even 10 coins seems to be a decent stash... especially if we can get another upwards BTC price move and if the person can still maintain 10 coins in his possession, even at higher BTC prices. 

Let's say, for example, that a person currently has 12 bitcoins, but if the price goes up to $20k then that person might only have 11 coins and then $40k only 10 coins.. so it can be difficult to maintain a certain quantity of coins when the BTC price goes up.. so in my thinking, any rational HODLer has to consider starting with a quantity of bitcoins that is a bit of a higher number of coins that s/he aspires to maintain at target higher prices.

I recall in about early to mid 2014, I had responded to one of rptiela's posts about some party or gathering that he was planning to have (perhaps at his castle), and since I was still early into bitcoin, my goal, at that time, was to attempt to acquire 30 coins in 6 to 12 months.. something like that. 

When I mentioned that I might want to consider his party, and rptiela asked me about how many coins I had and he gave me some snooty response that there was going to be a 100 coins minimum to be invited to any of his parties.. blah blah blah..   

Sometimes the scammiest of folks are not only engaging in exclusivity considerations, but also trying to figure out ways to target folks who are dumb enough to flaunt there quantity of coins.  Right around that same time, rptiela claimed that he had lost his laptop in the sauna of a bitcoin conference hotel, and there were thousands of coins on there.. something dumb like that.   

Interesting observation from Yuval Noah Harari, found within a treatise on society's long-standing relationship with Fake News:

"You might argue that, at least in some cases, it is possible to organise people effectively through consensual agreements rather than through fictions and myths. Thus in the economic sphere, money and corporations bind people together far more effectively than any god or holy book, even though everyone knows that they are just a human convention. In the case of a holy book, a true believer would say “I believe that the book is sacred” while, in the case of the dollar, a true believer would say only that “I believe that other people believe that the dollar is valuable”. It is obvious that the dollar is just a human creation, yet people all over the world respect it. If so, why can’t humans abandon all myths and fictions, and organise themselves on the basis of consensual conventions such as the dollar?

Such conventions, however, are not clearly distinct from fiction. The difference between holy books and money, for example, is far smaller than it may seem at first sight. When most people see a dollar bill, they forget that it is just a human convention. As they see the green piece of paper with the picture of the dead white man, they see it as something valuable in and of itself. Hence in practice there is no strict division between knowing that something is just a human convention and believing that something is inherently valuable. In many cases, people are ambiguous or forgetful about this division."

https://www.theguardian.com/culture/2018/aug/05/yuval-noah-harari-extract-fake-news-sapiens-homo-deus

Do you have a link?

Our strategy should not be so anxious as to expect $20k too soon, and there is some value to having bitcoin price lower in order to be able to continue to accumulate a decent position, such as 5 to 10 btc.  Just a couple years ago, you could have gotten 10 BTC for around $2,500, and now it is going to cost you nearly $70k.... So, yeah, once bitcoin goes above $20k, and perhaps significantly stays above $20k, then $200k entrance point for the double digit BTC stash...   So, easier to attempt to enter bitcoin now, and continue to accumulate - even if the price goes down more from here for a short period of time - hopefully not another 3 years of down from here, but you never know in bitcoinlandia.

Maybe not, the Huffington Post review warns it contains no "soft puffy cloud prancing unicorns offering hugs on colorful rainbows".


https://www.huffingtonpost.com/tree-franklyn/the-subtle-art-of-not-giv_b_12012008.html?guccounter=1


What good's that to bitcoiners? We want unicorns.

Next time you want to cheer me up, how about a cat meme?

Geeze. Sorry about that. I didn't mean to bum you out.

I'll admit the writing style is a little "cringe-y and homespun" but it left me feeling happy after reading it.

Maybe xhomerx10's suggestion will work better.

Aww, don't go down that road. It's closed anyway.

For certain purposes it's necessary to determine the logical cross-bearings of the concepts which we take for granted. But honestly, is there a single not obvious thing in here. You really thought I needed a reintroduction to basic financial literacy by way of cringe-y homespun wisdoms?

Now I'm even more morose!

You mean this one?

http://v1x0r.com/downloads/Books/SelfHelp/The%20Subtle%20Art%20of%20Not%20Giving%20a%20Fck.pdf

Thanx. I just grabbed the PDF. Will read.

Yes. A gay buddy of mine went to something that was supposed to be some type of high class thing. It finished up with a nude disco which is an idea I find beyond unspeakable regardless of one's sexual preference.

Anyway I'd only go to a Wall Observer meet with an IDF escort in full Orthodox Jewish garb. And Matisyahu would be the only thing the DJ was allowed to play. Plus I'd bring lots of 'coloured' people and snog them.

*Rosewater gouges eyes out now

Update on the latest ETF attempt:


Over 1150 comments posted so far and they're only caught up to Aug 1.
Compare this to less than 70 submitted for the Winklevii ETF.
Only 3 comments were submitted for the Direxion Bitcoin ETFs.

Couple interesting comments:
PRO: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4131562-171827.htm
CON: https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-172023.htm

The SEC has also posted slides from a recent Cboe/SolidX/SEC meeting. Worth a read, arguing their case in light of prior ETF rejections.

Aug 1, 2018 Memorandum from the Division of Trading and Markets regarding a July 31, 2018, meeting with representatives of Van Eck Securities Corporation, SolidX Management LLC, and Cboe BZX Exchange, Inc.
https://www.sec.gov/comments/sr-cboebzx-2018-040/srcboebzx2018040-4152607-172036.pdf