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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1529. (Read 26735442 times)

hero member
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Ay Caramba! Whales Take Profit Making ETH and BTC dip creating a Bart Simpson Pattern And Liquidating A Lot of Shorts! What Comes Next? Possible market trend change? How about good old "BTC is down because people withdraw crypto to fiat to buy Xmas presents" ? That excuse always worked.



I am not sure if they are trying to play on words "Eat my Shorts"....

But Liquidating Shorts? on a Bart Pattern?
legendary
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legendary
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BTC + Crossfit, living life.
Who’s ready for UP again

I is

Trolls ain't

Classic day

I read some guys predicting we either go up or go down …
At this point every guru making sure he got it right 🤓
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legendary
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legendary
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$130000 next target Confirmed
legendary
Activity: 2786
Merit: 13799
BTC + Crossfit, living life.
Who’s ready for UP again
legendary
Activity: 2450
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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legendary
Activity: 2450
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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legendary
Activity: 2450
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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legendary
Activity: 2450
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legendary
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sr. member
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Fly free sweet Mango.
ChartBuddy's 24 hour Wall Observation recap
..

I'm going to go for the monthly dispensary buy tomorrow. 
Got the matching corn on sale early it seems with a weedy bid of 42142.   Cool
legendary
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Addicted to HoDLing!
[...]

I wouldn't call Bitcoin (or, perhaps, "Bitcoinism") a religion, although it may seemingly share some similarities with religion, mostly attributed to Bitcoin by those who don't understand it. It is not a religion, because it is based on objectively true, real-world, physical, repeatable, verifiable processes (i.e., math & science)

I can see that you are serious, especially since you use maths and sciences in the singular.

Haha, I was thinking of putting "TM" next to "math & science"...


, and does not rely at all on dogma or faith in a metaphysical set of principles.

There's gotta be some faith in there, even though there is a lot of laden maths and science.. I am not going to deny the existence of maths and science, yet one interesting thing about bitcoin is that it has some ways in which it ties back to human behavior, human incentives, which is the proof of work part that can be gamed and manipulated, but it would have a lot of difficulties to overcome the built in incentives and even the presumptions that man will work in his self-interest.

Sure, many of us likely realize that satoshi came up with something that must be very close to a perfect design, but bitcoin is still man made and likely and invention and a discovery all at the same time.


Even the traditional (and scientifically acceptable) notion of "trust" is taken out of the picture ("Don't trust, verify!"),

remember the Regan statement.  Trust, but verify.  We have to have some of that going on, too.  Surely not every normie is going to want to or be able to run a node, so we have to have some trust and faith that some of the open source aspects of bitcoin are going to be checked-and-balanced by some other people who have the skills to do the checking (the crowd sourcing idea) and if enough eyes are on bitcoin, then likely any flaws that exist are going to mostly get fixed... maybe not perfectly, but perfectly enough.. and surely the older people might not be able to change careers and learn how to code and to check code, but we still have to figure out the extent to which we are going to run some of the software and the extent to which are going to try to verify some of the matters for ourselves, to the extent that we are able to verify, and maybe those difficulties to verify matters scare away some of the older people, but some younger people may well be more than willing to go down the road of learning some of those kinds of bitcoin-related things.

[...]

Not disagreeing with the above, or any part of your post, but I'd like to add a comment. All things considered, yes, there is an element of faith involved. A kind of faith that has always been there. Faith in humanity, perhaps? There's definitely some degree of faith in the Bitcoin code, in the sense that you're describing, i.e., faith in some competent coder(s) or institution(s) discovering (and disclosing) bugs or even backdoors that could compromise Bitcoin. This is unavoidable. We are all bound to this. We can't know everything about everything, so we trust the experts. And the more experts get involved, and the more time a piece of code is out there, verified, scrutinized, attacked, the more that faith gets transformed into fact. Not 100% in the rigorous, mathematical sense, it's not a proof, but pretty close. I see this as a kind of Darwinian law. Let it loose in the wild and see if it survives. Considering the fact that its market cap is nearly one trillion USD as we speak, it wouldn't be able to survive for so long if there was a fundamental flaw in the code.

This is certainly not the kind of faith that is related to religion, where people blindly trust a single person or small group of people, who died hundreds or thousands of years ago in most cases, and who have said some pretty crazy, illogical, unprovable stuff, unprovable even by using the law of large numbers, so to speak...

Returning to where this discussion originally started, I don't think an informed coiner has any reason to be bitter, toxic or aggressive towards nocoiners, aside from the occasional Bat-slap, rusty pipe, and other amusing funzies and mindrustenings. For one thing, a coiner, depending on the size of his/her stash, is likely not going to need to be bothered by the opinions of others in this matter. A bit of disappointment, perhaps, an urge to spread the word, maybe, but no bitterness, no hate.

Just look at the price: $42,208 as I type this. How can you not believe? LOL


Edit: Improved layout & syntax, added some text.
legendary
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diamond-handed zealot
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Top Crypto Casino
I don't have any problem with the idea of relocating for less expenses and maybe even being able to upgrade your lifestyle by moving to an area that has lower costs of living, but at the same time, there tend to be quite a few costs regarding getting used to living in new areas - including that we would not be able to bring our friends with us too.
Yeah, there are some costs that we must have to bear when moving to a new area but for someone who wants to save a lot of money then the costs aren't that much. In new areas we can save a lot of money but we miss a lot of things in our lives. I believe for many of us friends and family means a lot and living in an area where we don't have our friends and family can be a tough thing without any doubt. But, some people can do that because their mind is firm and they just want to save money so that they can better live rest of their life without any financial issues. By the way, most people can shift with their whole family to a new location without any doubt but they'll also miss their friends in new locations.

~Snip~
So maybe the person with the more frugal spending might be able to continue to accumulate bitcoin to get up to 12 BTC or so within the next 8-10 years, and the person who is continuing to make choices to spend more and to live it up might still be at 7-8 BTC (or maybe even fewer BTC) 8-10 years from now, and so even in accordance with my entry-level fuck you status chart, the person with 12 BTC may even get up to western entry level fuck you status in 2031 or so, and the person with only 7-8 BTC might not get there until 2033 or 2044.. and sure maybe I am presuming too many things, but still trying to give an example of how these kinds of matters can make pretty decently large differences with the passage of time.

You're right and highly agree with you that frugal lifestyle will allow someone to accumulate much more Bitcoin than a spending and need fulfilment life but still we must not miss the fact that we are here to live our life for one time and whatever we save for long term won't benefit our own beings as we are prone to death which we can't evade. I have seen a person who used to live a high-intensity frugal lifestyle and he used to spend very less amount on his daily needs and sometimes he even didn't eat well only because his main aim was to save money. The guy died out of heart-attack and he wasn't even married and had no children.

He took nothing with himself and during his death time he had saved around $200k and the whole money was given to his relatives because he had no children or wife. I think we as investors should think about both sides of a coin because sometimes it won't make us losers to spend some money on things that we can have in present times. I know that when we spend money on things we won't be able to accumulate a lot of Bitcoin but man accumulating 100's of Bitcoin won't help us if we are in death bed. I'm not going to be philosophical but I have seen two guys suffering in their death bed and both of them used to save a lot of money but upon their death their children spent most of the money to enjoy their livers and the ones who saved all the money were sacrificing a lot in their lives.
legendary
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