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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3555. (Read 26728183 times)

legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
BREAKING! Happening right now! Me not eating att Biltema.


I can see why you're not eating that plateful of grease.  Yuck. Cool
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Is this what “friendly fire” looks like?  Although “go out and spend your coins” seems like overly simplistic poor financial advice, pushing for mass adoption of Bitcoin as money looks pro-Bitcoin to me.

Bitcoin hasn’t reached mass adoption because it isn’t being used as a medium of exchange. By spending bitcoin, we can demonstrate its usefulness as money.


Source : https://twitter.com/BitcoinNewslet1/status/1534219159806132224?t=j2MkpAh36xmVn6vzikwTXw&s=19

Fuck off with any of those implied assertions that: 1) something is wrong with bitcoin, 2) bitcoin is not sufficiently being adopted (or fast enough), 3) people need to spend their bitcoin in order for bitcoin to  be valuable... 4) if people do not spend their bitcoin, then bitcoin is not going to survive (or have enough utility) 5) we need to do something quickly in regards to being able to spend bitcoin, otherwise the competition is going to eat bitcoin's lunch...

Use of Bitcoin as money is what gives it fundamental value.

If a thing has no value other than the prospect of reselling it for higher to the greater fool, that is a textbook definitional Ponzi.  [Edit:  Similar applies as for anything that has no value other than hopes of gaining “passive income” from shell games tantamount to financial perpetual motion machines.]

>99% of altcoins meet that description.  Of each coin, as yourself:  “Why would anyone want to hold this, other than hoping that the price goes up?”  If the answer is “no reason”, then it is a Ponzi-style red-letter SCAM, period.

Too many newbies who buy into Bitcoin as mystified to discover that some people actually use it as money.  Yes, really:  Bitcoin is money!  I myself first got into it, because I wanted to use it as money.

Usage as money also deters the catastrophically detrimental error of treating Bitcoin as a sort of a quasi-stock.  When you buy Bitcoin, your dollar equity is zero.  You are exchanging one currency (USD, etc.) for another currency (BTC).  The only value you have is denominated in BTC, at a rate of 1 BTC = 1 BTC, unless you bring your BTC back to market; then, you get whatever exchange rate is available on the crypto-forex market at that time.  This is critical to Bitcoin’s sound-money properties—it is independent of other currencies—and incidentally, it is essentially why Bitcoin has never been regulated by the SEC, et al.  Bitcoin is not a security, and I want to batslap the hell out of every new “Bitcoin investor” who thinks of it as a sort of a newfangled stock-like thingie.


Edit:  With the foregoing having been stated objectively, and without regard to authorship, a check of Next-door’s post history is unimpressive. Roll Eyes

I think that I sufficiently made my points in my responsive post that I would not proclaim to be the only ones that I am allowed to make. 

Of course, we have all kind of things going on in bitcoin at the same time in terms of what makes it useful and what makes it valuable and what kinds of liquidation avenues exists (and what kinds of onboarding ways exist).   The mere fact that guys might not be searching ways to buy coffee with their bitcoin does not automatically translate into their ONLY "speculating" bullshit dichotomy that you suggested in terms of SCAM and inferences towards those other various dumbass talking points that we heard from the bigblocker nutjobs in 2017 and we hear them repeated from time to time.

We know that Bitcoin is multi-faceted in its use cases. We know that there is a lot of why not both.. and your attempt to suggest that there are some deficiencies with some guys if they might not be striving to spend their bitcoin (aka lil precious ones) and they are using bitcoin accumulation (and HODL) as an investment, way of building wealth and like a stock (which is perhaps only part of the story or a temporary status for whatever that bitcoiners might be doing and uie-pooie don't like it) .

I should not even need to be responding to any pints that I made, but hey.. I am willing to entertain matters to some extent including to point out that we know that Gresham's law exists too, along the side of at least 7 network effects that are still building in connection with bitcoin and are at various stages of their growth as well as that some of those same network effects build upon others, snowballing and feedback loops.. but sure there is a lot more going on in bitcoin than merely being able to buy coffee or to go out and seek to spend our bitcoin because of the bullshit problematic aspects that I already pointed out in my earlier responsive.. that also mentioned the idea of options that seems to already come from having bitcoin, so long as we do not put our own lil selfies into some kind of pickle in which we spent most or all of our bitcoin, included but not limited believing that we have some obligations that are imposed on us from others.. or that we margined them away or got involved in various shitcoins because we thought that was going to help bitcoin that we speculate on shitcoins because we used to have had accumulated some bitcoins that we no longer have because we fucked up but we were employing our bitcoins in an "acceptable" way. 

There are plenty of us who have transacted with our bitcoin through the years in a variety of ways and who have also engaged in some spend and replace too.. depending upon how we might have considered managing our own BTC accumulation, maintenance and/or liquidation targets and who are likely to continue to spend our bitcoin (to the extent that we have any left or that we have figured  out ways to balance our BTC and dollar balances in ways that provide us with more, rather than fewer options than if we were to ONLY have dollars), but we can make those kinds of choices, too. 

Furthermore, in the spirit of Gresham's law, if we already can appreciate  that Bitcoin is the best of moneys, why would we want to spend it first (as I already referred to that)?..  Anyone who holds bitcoin for a long time is going to want to have more liquidation avenues in bitcoin, and so with the passage of time, some of these liquidation have developed, and some of them have shrunk away.  There are ongoing developments, and there are all kinds of ways that people are promoting bitcoin and attempting to increase liquidity avenues, which still does not necessarily mean that any of us should feel compelled to spend our bitcoin, even though I have no problem with spending my bitcoin if there are ways to accomplish such. but does not mean that I have to go out and evangelize bitcoin or evangelize liquidation avenues. 

There are a variety of reasons for changes in liquidity avenues, and I doubt that I have any need to get into those kinds of discussions any more than I already mentioned a few of the balancing issues that are likely to vary quite a decent amount between HODLers/accumulators.. and surely, it seems that lighting network is also helpful for increasing the various ways that BTC HODLers might be incentivized to part with more of their lil preciouses... but there is no need for them to part with their lil precious until they feel that they want to or need to including that they can treat bitcoin as an  investment .. for sure, bitcoin happens to be one of the strongest investment vehicles that have been made available to normies on a widespread level, so surely it would not hurt to consider bitcoin as an investment...  and in a lot of cases quite preferable for normies to consider bitcoin as an investment since so many folks (normies) tend to have a lot of difficulties investing, but bitcoin could help thing  to at least ave access to an pristine asset that might not have really been historically available to them or their ancestors... so don't get fucked out of your bitcoin, merely because someone on the interwebs (perhaps a delusional bigblocker or a shitcoiner) tells you that you have an obligation to participate in the increasing of bitcoin liquidity avenues.. blah blah blah.
legendary
Activity: 4004
Merit: 4656
pump it up, buddy boy!
 Cheesy

On a serious note, I am not sure why the doldrums.
That much noise about such a small (currently & relatively) asset class?
...amazing...hopefully pertains to AT LEAST 10X increase in 2-5 years.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3388
Merit: 3514
born once atheist
LOL.  Did I say something that hit you close to home?

Not at all. But I can smell bullshit and what you are writing on this forum is exactly that.

Anyway, ignore it is for you with your claptrap.

Yeah, ignoring the blahblahblah Nully man will certainly save one from wearing out one’s scroll wheel…
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?


The policy has outraged one mother who was told she had to pay the £20 after her and her son Sam, 10, and niece Toni, six, left two onion rings, a piece of prawn toast, and a spring roll on their plates.

methinks a LOT of food will wind up on the floor under the table and ground into mush.

alternately:   FOOD FIGHT!!!!!!

edit: death_wish beat me to it. food fights are the 2nd best use of food in my book.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2310
Merit: 2119
A Bitcoiner chooses. A slave obeys.
Good morning WO. I see we are desperately in need of a new poll.

Any realistic TA which says we will see 40k soon?

Only my gut feeling is saying so….
Does that count as TA?

I will allow it.
legendary
Activity: 3822
Merit: 5504
Here's my DALL-E mini interpretation of "Biden Crazy Love Kisses"



You're welcome, internet.

Maybe I should NFT this shit.
member
Activity: 70
Merit: 320
Take profit in BTC. Account PnL in BTC. BTC=money.
WO food fight!

At least they aren't charging a penalty fee for uneaten food, yet.

Unlike this place.



https://www.dailymail.co.uk/news/article-2145387/Restaurant-fines-diners-Chinese-buffet-leaving-food-plates.html

I like that policy.

I better like the policy that those who waste food, should be thenceforth deprived of food.  The maddening torment of slow starvation shall teach them not to take food for granted.

When I become the centralized dictator of the universe, disgusting profligates who waste food shall suffer condign retribution.

Quote
The policy has outraged one mother who was told she had to pay the £20 after her and her son Sam, 10, and niece Toni, six, left two onion rings, a piece of prawn toast, and a spring roll on their plates.

She is a bad mother:  She raises profligate brats who waste food.  She should feel bad about herself, instead of whining.
legendary
Activity: 3822
Merit: 5504
Ever wonder why during a bull run all this deep pocket money comes rushing in and runs up the price sky-high, only to leave fresh crypto n00bs holding the bag once it all crashes?

Well let dumbass Jim Cramer enlighten you:

https://www.cnbc.com/2022/06/08/why-jim-cramer-invests-in-crypto.html

Quote
Owning crypto can also be a good short-term bet that takes advantage of the momentum from swings in its price, especially since there are many enthusiastic investors in the space who are willing to “buy high,” he says.

Translation: "Crypto can be a great short term momentum trade to pump and dump, because there are a LOT of dumb pleebs that come in and FOMO buy at the top!"  Roll Eyes

Don't be a victim next time: buy bitcoin now.
legendary
Activity: 2772
Merit: 2846
BREAKING! Happening right now! Me not eating att Biltema.



Well, I have to admit this looks a LOT yummier than your previous Biltema food pics.  Cool

Tesco food makes Biltema food look cordon bleu.




that is fucking gross.... someone paid money for that shit? smh

At least they aren't charging a penalty fee for uneaten food, yet.

Unlike this place.



https://www.dailymail.co.uk/news/article-2145387/Restaurant-fines-diners-Chinese-buffet-leaving-food-plates.html

Quote
The policy has outraged one mother who was told she had to pay the £20 after her and her son Sam, 10, and niece Toni, six, left two onion rings, a piece of prawn toast, and a spring roll on their plates.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1078
Merit: 1441
BREAKING! Happening right now! Me not eating att Biltema.



Well, I have to admit this looks a LOT yummier than your previous Biltema food pics.  Cool

Tesco food makes Biltema food look cordon bleu.




that is fucking gross.... someone paid money for that shit? smh
legendary
Activity: 2772
Merit: 2846
BREAKING! Happening right now! Me not eating att Biltema.



Well, I have to admit this looks a LOT yummier than your previous Biltema food pics.  Cool

Tesco food makes Biltema food look cordon bleu.

legendary
Activity: 2492
Merit: 1230
Privacy Servers. Since 2009.
BREAKING! Happening right now! Me not eating att Biltema.



Well, I have to admit this looks a LOT yummier than your previous Biltema food pics.  Cool
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Hi there WO people & bots.
I was attracted earlier this morning here, after being officially two weeks into my five month summer holiday - when I decided to have a peep.
I had no intention of doing so, and I did have to skim through 100 pages or so, which took - well - the best part of the day.

Nice to see you boys and girls behaving yourselves.



Well, except that suchmoon bitch. Nobody has definitely hurt her in ways I cannot imagine.
I’ll speculate that it must be his hard … brain.

Anyway, more later, until then:

Hodl on
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