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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33213. (Read 26497639 times)

member
Activity: 98
Merit: 10
next dump this night. need cash about 5k btc.

Fuck, how much fucking cash do you fucking need you fuck?  Cheesy

fuckloads, clearly.
hero member
Activity: 826
Merit: 501
in defi we trust
next dump this night. need cash about 5k btc.

Fuck, how much fucking cash do you fucking need you to fuck?  Cheesy
FTFY
hero member
Activity: 826
Merit: 501
in defi we trust

So , If I'm not from Lagos , instead of getting a visa card , I should drive to Lagos , maybe even some 300 miles , meet with a guy that sells  bitcoin for 130usd , get back home and hope that the price didn't drop too bad during my trip. (of course gas and bus tickets are free right?)
 
member
Activity: 84
Merit: 10
supernode
next dump this night. need cash about 5k btc.
sr. member
Activity: 392
Merit: 250
The Price of one Bitcoin will be $ by the end of next week.

hero member
Activity: 826
Merit: 501
in defi we trust


2 examples:

1. Someone in nigeria wants to buy an upgrade to their wordpress account. No other way to do that than with bitcoin.
2. Someone wants to send value across the world in less than an hour... they use bitcoin to do that.

But your question is erroneous. There is no need for it to function in such an exclusive way at this point in the lifecycle. It's simply the latent functionality which will, if continued on its current course be for superior to the existing system. It's like comparing Usain Bolt as a toddler to and adult Chris Farley in a 100m dash. You know Chris Farley will win in the short term, but in the long term? Nope.

And how will he get those bitcoins in Nigeria?
sr. member
Activity: 434
Merit: 250
Rebound steam exhausted?

We are losing speed...
member
Activity: 112
Merit: 10
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
....



I would like to hear you undermine this claim of mine:

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public.

2 examples:

1. Someone in nigeria wants to buy an upgrade to their wordpress account. No other way to do that than with bitcoin.
2. Someone wants to send value across the world in less than an hour... they use bitcoin to do that.

But your question is erroneous. There is no need for it to function in such an exclusive way at this point in the lifecycle. It's simply the latent functionality which will, if continued on its current course be for superior to the existing system. It's like comparing Usain Bolt as a toddler to and adult Chris Farley in a 100m dash. You know Chris Farley will win in the short term, but in the long term? Nope.
full member
Activity: 238
Merit: 100
Sold some at 98ish, sold some at the bottomish around $90 (as usual).

IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.

I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Are you going for some more ASICs or are you just looking to buy lower? I thought you never wanted to sell precious BTC to speculate. Tongue

I sold a big amount (approx. 40% of my holdings) for the ASIC's. That happened on Monday at $118ish. Today I sold a similar chunk, and this is for speculation. Yeah, you are right that I always preach about not selling the precious coins. But still, this is one of those occasions were I cannot miss the opportunity for cheaper coins. One thing is to speculate to catch the bottom of the weekly dip, which I don't do, and a very different one is to hold on all your coins desperately during a bubble deflation.

Still, I a have paper wallet I'll never touch. I cannot be 100% out of BTC, I'm not mentally prepared for that Smiley

Can you repeat the facts that lead to your decision to sell now? Just with dashes would be great, thanks!
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 826
Merit: 501
in defi we trust
You know, speaking of supernodes, it's kind of a pity reptilia isn't here to provide us with entertainment as to why we aren't making any progress to his 300k USD before Christmas.

BTW, does anybody have that epileptic black/white bear gif? It was a whole bunch of bears. This is important. Grin

I just found this, that's cool too:

https://i.imgur.com/YMeG4sX.gif

Not sure if you are careless or ignorant, but you might want to post a warning that these sorts of pictures can cause seizure.

http://en.wikipedia.org/wiki/Photosensitive_epilepsy

Also called Pokemon Shock Smiley
member
Activity: 112
Merit: 10
Supports & Resistances:
sr. member
Activity: 411
Merit: 250

Exactly right. Bitcoin has never been a billion dollar market in the first place. The figures most people are touting from Bitpay are hugely inflated because of mining equipment, and the evidence like data on sales of Humble Bundle, Reddit Gold and bitcoinstore suggest that people don't use Bitcoin as a currency in any significant way.

We'll I will quote this every single time I try to make my point.
I'll let you have some part of the treatment I got when saying nobody is using it except .....

my friends are using bitcoin.. umong them selves and other friends

for example: 1 come and help a day with painting my friends house.. ..  i get a bitcoin from my friend for the work..

now .. this is slowly spreading  .to friends of friends..  and so on.  

it's a start isnt it? Wink facebook became popular the same way.

legendary
Activity: 868
Merit: 1340
Woh, thanks for the pre-bedtime epilepsy attack   Shocked
N12
donator
Activity: 1610
Merit: 1010
You know, speaking of supernodes, it's kind of a pity reptilia isn't here to provide us with entertainment as to why we aren't making any progress to his 300k USD before Christmas.

BTW, does anybody have that epileptic black/white bear gif? It was a whole bunch of bears. This is important. Grin

I just found this, that's cool too:

Epilepsy warning https://i.imgur.com/YMeG4sX.gif
legendary
Activity: 1148
Merit: 1018
Sold some at 98ish, sold some at the bottomish around $90 (as usual).

IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.

I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Are you going for some more ASICs or are you just looking to buy lower? I thought you never wanted to sell precious BTC to speculate. Tongue

I sold a big amount (approx. 40% of my holdings) for the ASIC's. That happened on Monday at $118ish. Today I sold a similar chunk, and this is for speculation. Yeah, you are right that I always preach about not selling the precious coins. But still, this is one of those occasions were I cannot miss the opportunity for cheaper coins. One thing is to speculate to catch the bottom of the weekly dip, which I don't do, and a very different one is to hold on all your coins desperately during a bubble deflation.

Still, I a have paper wallet I'll never touch. I cannot be 100% out of BTC, I'm not mentally prepared for that Smiley
legendary
Activity: 2097
Merit: 1070
Sold some at 98ish, sold some at the bottomish around $90 (as usual).

IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.

I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.

+1 I'll load up at $50 as well as I expect quite a bounce from there before it drops into the $30's
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