Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13502. (Read 26718835 times)

Blah. Used car: Invest in a set of tools and the ability to read and you can get that 25k car for a few K tops. My newest car is a 2002, 2001, 95,87,86,68. Why in the name of heaven would I want a new car?

You read a bunch of articles saying that bitcoin is going down, therefore the weight of the evidence causes you to feel that there are pretty decent chances that bitcoin is going down.

That makes a lot of sense.    

I understand that we continue to make comparisons to earlier times, and frequently attempt to get our brains around the numbers or whether a sufficient amount of time has passed in order to permit a rocket.

In my mind, I have been  considering the possibility that this period could be kind of like the one in which BTC is stuck in the 200s for a bit over 8 months, and then when she broke out of that range, she went quickly up to $500, then returned to retest support at $300 and then got stuck in the $350 to $450 range for a bit more than 6 more months.

I recall between August 2017 and December 2017, when we quickly went up to $19k and then returned back down.    I experienced some numerological difficulties - adjusting to the quick changes.

It seems that I am still having some subconsciousness difficulties with numbers - 3 digits versus 4 digits.  A few days ago, I had a short dream of BTC prices dropping, and you know the way dreams can kind of be elusive because it seemed that I looked at prices in the $800s, and I thought shit, BTC prices are dropping pretty badly, and then I looked again and BTC prices were in the $600s.  I did a bit of a double take to absorb that I was seeing 3 digits rather than 4, and I said to myself, "oh shit", and whenever there are fast drops, there is a bit of a concern about what to do with my orders, and of course, I tend to think about being able to buy before the bounce and to attempt to time the bounce properly.  

I cannot recall if (in my dream) I got my order "in on time", but I saw that the maximum of the drop was in the mid-to-upper $400s, and then a bit later, I saw that BTC prices had returned to the $800s.  Strange on a percentage basis... yet with some mental reservations (perhaps some shell shock), I thought that surely that going down into the $400s must have been the bottom and the bounce?

Whoaza, jbreher dee bcash supporting bear.   Your blind support for Roger Ver seems to be causing you to distort and twist what I said about that emotional self-absorbed nutjob, also known as Roger Ver.



What the fuck does this have to do with me?  Each of us has control to act within our circumstances to a certain degree, of course, and surely my position is much different than someone like Roger Ver, who got into bitcoin much earlier than me, and came into a much different public role in bitcoin, in large part, due to his early investing into it (I think that he might have done some leveraging too, that paid off, but however, he got in, he made a killing early on which allowed him to serve a much different role than any regular person, and along with that might also be responsibilities that he would have that a normal person might not have - context specific, of course).


Get the fuck out of here with your nonsense implied assertion that Roger Ver has been playing some kind of passive role... and removing himself.. he is not doing any such thing... A more accurate depiction would involve describing his continued activism in the space including engaging in an ongoing attack on bitcoin, and having these kind of emotional desires to prove himself.


Yes.. redefine all that you like, but your conduct rises to the level of defending various bcasher nutjobs, including Ver and Wright.


You can parse and attempt to distinguish your actions all that you like, but in the end, you are still supporting and defending the overall bullshit conduct and attack attempts of the bcasher nutjobs, and whatever other BIG blocker nutjob flavor of the months come your direction that might be helpful to your overall stupid ass, propagandistic and possibly ill informed BIG blocker narrative.

There are some scenarios where it makes sense to borrow for depreciating stuff as well - it becomes a sort of a rental then. A car is one example. There is no way I'd spend $25k of my own money and I really don't wanna drive a $5k clunker because my time has value too. So I "rent" it for $200 a month or so. Will not build any equity in it but I don't care, it's not an investment.

Borrowing beyond one's means - bad. Borrowing to take advantage of the horribly broken banking system - fair game.

LN capacity reached 51 BTC up from 30 last week

https://1ml.com/statistics

You are engaging in a "wishing game."  You describe a scenario that you hope will happen, and you and your shill company figure that if you get enough people saying these kinds of things, then you will be able to create enough FUD to shake enough weak hands to cause your wish to become true... ..

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only work lifestyle left in America for anyone, anywhere. It was all highbrow and very condescending. They figured that this is what all Americans want and need -- blue collar work was for lower class citizens. It was obvious that they wanted to model American work life after Japan's corporate zone. Completely disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... they're outsourcing those too. In China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

I personally believe that there is good debt and bad debt.  Good debt is investing in some thing(s) that are likely to appreciate in value or allow you to earn more capital/value/wealth.

One of the great potential use cases of bitcoin remains that it could give folks access to capital and wealth that they might not otherwise be able to access through traditional means - including some places do not even have credit cards that are available to regular peeps, and if you use your credit card debt wisely, you can profit from such debt access.


There are definitely ways (strategies) to roll that kind of credit card debt access to your advantage... as long as you use the money to earn money or to strengthen your cashflow.

If you use such investments on depreciating assets, or you don't figure out a way to pay it off in full at the end of its promotional period, then you will fuck yourself (and that is what they count upon for profits), but if you have a plan and stick to your plan, you can play the 0% (including whatever fees - 1% or 5% or whatever it is for you) to your financial advantage (while building your mainstream "credit worthiness", too).

more of a truggy

I agree with you that the variation in student debt likely parallels regular society, but I would imagine that students should be a bit smarter than average peeps - and therefore, have some greater abilities to realize that there is a difference between investing in building capital (making yourself smarter or putting your money to work into a business or a likely value appreciating asset) versus consumption (such as partying and buying depreciating items such as luxury cars versus a practical car, if needed).

Syclone?

Trump is a self-absorbed and entitled retard.

No one with a brain could or should support someone like that on a reasonable and rational basis.  You only support him, with a brain, because you consider him as a useful tool for your cause - whether it is him destroying and disempowering social aspects of government or the other uncertainties that he brings that you believe work to your advantage.


There does seem to have been a bit of a social transformation when working class people fail/refuse to understand their position as a working class - and believe that they are advantaged by systems that privilege the rich while failing to provide for opportunity and fair channels for regular peeps.... sure the very industrious are more likely to find a workable channel to cause a certain amount of their own social mobility, even with the existence of structural disadvantages.


Sometimes social dynamics can change so fast that it is difficult to figure out what is going on, or to have time to try to figure it out and to cause folks to actually act in their self interest - rather than being led down some kind of fantasy path or to play into the hands of the powers that are not looking out for them.


I agree that it works out for the persistent rich who beat away at the consciousness and institutions to get their way and to brainwash folks into believing that the system is fairly set up for them.  So it takes a bit of genius and luck to find a path to social mobility in these current kinds of circumstances.

Actuarally....the largest amount of bitcoins is not actually 21 million...that last .00000...00001 BTC is never reached.

It is a nice little educating quiz that does not go very far beyond the basics with the questions, answers and explanations.  I admit that I got 5 wrong... so I am NOT as smartie pants as some of you udder peeps.   

@Torque - I agree, I would have been a millionaire if I’d cashed out at $19,xxx during the last ATH. I didn’t cash out.....
I know that we’ll see way above $20,000 in the future & I’ll be rewarded for my patience.

North of $50,000 per coin after the next halving.

Power to my fellow HODLERS

thats true but 1 will be a few fiat k's richer or btc if its a hodler .....   let it be a hodler

Yes.  At the time of Roger's lock-up for the "fireworks", he was 22 years old and an unknown, but just from his description, he did not seem to experience any kind of real torture, and overall he may have received a bit on the kit glove treatment side. 

If Roger were locked up now, he could have some bad experiences based on his exponentially increased notoriety - but since he is rich, too, currently, rich people do NOT tend to get tortured when they go to jail, unless there are really extreme and revolutionary things going on in the society.  By the way, I would not wish torture on anyone, even if they have some despicable personality traits, but there are concepts of fairness/justice that assert that letting the punishment fit the crime would be the right thing to do in figuring out punishment(s).