Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3870. (Read 26712883 times)

Explanation

 

Those are good points Homer....

A lot of folks had been thrown off by the variety of distractions and government controls over the last couple of years, which in retrospect seem to justify more preparations rather than fewer preparations, and even multi-billionnaires (seeming oligarchs) had ended up getting thrown off, as well.    Of course, some of us have recently come to realize that some of the draconian freezing of assets/accounts have demonstrated that it can be quite difficult to make preparations once the news comes out about the "need to prepare" and so in that regard, it could even take several quarters or even years to really set up systems that prepare - and give options during those emergency times.  

We are not always going to know if we are sufficiently prepared.. and yeah, it does seem surprising that anyone with assets that go into the billions would not have exercised some kinds of diversifications in terms of ensuring access to decent chunks of wealth in the event that some forms of wealth get blocked, frozen or seized.  I thought that rich people hired other rich people to help them regarding those kinds of matters - including having "secret" bank accounts and other "secret" ways of holding assets - but surely, it could be a problem if even the "secret" bank accounts/etc ended up being less "secret" than previously anticipated.


It's strange that you seem to believe some kind of threshold has to be reached in order for bitcoin to matter.

Bitcoin has already largely won.

Yeah, sure we are likely to experience volatility and quite a few more battles along the way.. and maybe even several traumatic outcomes that may well even involve mass targeting of individual bitcoiners.. so surely there is hardly any kind of guarantee of any straight-line UPpity when we are within the likely early stages of the largest wealth transfer in human history... and sure, I am not even downplaying a possibility that it could well take us a decade to get another 10x even though we already experienced an average of at least one 10x every four years..

Yes, many of us know and appreciate the old trope that historical performance does not guarantee future results.. even if we may well understand that 10x in the next 10 years is pretty damned bearish - even though it still would be a quite decent place to put value (even if seeming to be relatively bearish in the scheme of what bitcoin is and what bitcoin is going to continue to be).  In any event, it well could happen that there is a long period of flat in bitcoinlandia in the coming decade - even though I would not put too much value in failing and refusing to prepare for UP.. and for sure, if we maintain somewhat conservative expectations regarding bitcoin's future performance, then any performance that goes more bullishly beyond our conservative expectations would psychologically (and financially) end up serving as "icing on the cake."  

I wish we would get an asset class valuation first (at least $10-15 tril aka $500-750K per) before having serious dibs on larger inspirations, which are more down the line (could be a decade), imho.

the noon wall report at 11:27am

Big long flats again for observation...its a nice look showing considerable support and clear definition at the $40k range. Long and short battle wrapping up tomorrow with a couple hundred milly on the line. Expect fireworks once the smoke clears. Paper traders and MSM would have you believe bitcoin is just another asset class....its not.

dyor

4h


D

stronghands

Very good points AlcoHoDL.

Many of us have likely heard some of those theories about those who have lived well under current status quo systems, including if they might be "property rich" being unable to recognize and appreciate the value proposition of bitcoin - perhaps partially due to a kind of intangible presence that bitcoin has - and also many of them will almost completely write off any attempt to look into the matter because they will immediately categorize the bitcoin proponents as bag pumpers.. so yeah, there are some strong resistances towards even allowing some folks to even entertain the proposition that there actually might be some value in bitcoin beyond hype.

Like you, AlcoHoDL, I remain very skeptical of any kinds of claims that bitcoin is spreading through the consciousness of the people and adoption of bitcoin is becoming quite wide-spread through the various technical sections of the population blah blah blah.. which seems to be just some nonsense talking point to attempt to assert that bitcoin may well be reaching some kind of meaningful saturation point, when the reality of the matter is that some bitcoin hoarders do end up getting attention, but even many long term bitcoiners remain pitifully under-allocated (or we might call that whimpily allocated) with their 20 bitcoins that they bought in 2015 for example (hahahahaha .. I had to throw that little dig in there)...

Another way of being whimpily or underallocated would be folks who have supposedly diversified their "crypto" portfolios with a bunch of crap with a kind of presumption that there is some kind of significant/meaningful value in going beyond bitcoin - even though, sure they may hold some bitcoin as a kind of hedge.. I remember so many folks proclaiming that they own 10% bitcoin and the rest in a variety of crap while they would be counted as a bitcoiner, even though they are overly distracted rather than really recognizing and appreciating bitcoin's investment thesis. 

So, yeah even the shitcoiners are going to have some level of resonance when it comes to bitcoin, and surely the gold bugs are going to be able to understand the concepts behind investing into bitcoin, but so many of them remain way underallocated in bitcoin (if they have any bitcoin at all), and in the population as a whole, if you were to approach randomized people on the street or some other way of randomizing your selection, and if you get 1/10 to actually understand what you are talking about when you mention bitcoin, you are having a good day... 1/20 might be more accurate odds of having a kind of successful and meaningful "resonance" hit rate.

Explanation

Humans are primates. But when we talk about humans we don't call them primates, because primates include this:




When we want to talk about Bitcoin, we shouldn't call it crypto, because crypto includes this:

It Bloody worked 

Hahahaha

Finding Nemo...

Do you really believe that I am being played with the use of that term, "crypto"?

If I am being "played" and I am emotional about the matter, then I would not have any kind of choice regarding when to respond or how to respond when I see such term being used, right?

Perhaps?  I won't rule out your theory completely... even though I do believe that there are quite a few bitcoin maxis (if we can be labelled as such) who also get perturbed by such vague use of language... .. so if you think about the matter a wee bit, I am not so much opposed to the use of the term "crypto" because I sometimes use that word myself, but I am more perturbed when the word is used and there is little to no context.. so in that sense, if there is little to no context when using such word ("crypto"), then who is going to know what is the reference?

So for example if someone is actually talking about bitcoin, then why would they chose to use the word "crypto" unless they are a wee bit confused in regard to what the fuck they are talking about?  There are a lot of examples of that, and we get them in this thread on a very regular basis from newbies and even from longer term WO members... So in that regard, some WO members have made comments like:  "why you getting so worked up about the term 'crypto' - everyone else is using it in the press... blah blah blah."  From my perspective, that is just lazy ass thinking, and sometimes those kinds of assertions come from long term WO participants, and I would think that they should know better, but sometimes they do not.. ..

Hey.. and I am not proclaiming myself to be holier than thou either because sometimes I do not know some basic matters related to either bitcoin or even how some "crypto" might relate to bitcoin.. so in that regard, frequently there can be learnings from a variety of angles when we are throwing out some of our ideas within our posts.

In some sense, it seems that I am frequently asserting that if someone is actually using the term "crypto" to talk about what is going on beyond bitcoin, then would it should be preferable that they provide some parameters for their reference to "crypto" in order that the subject matter (the reference to crypto) is actually understood?  Yes.. there is a widespread phenomenon of vague references to bitcoin/crypto, and just because the practice is widespread, it is likely going to continue to be the case that some of us (not only yours truly) are going to continue to be perturbed by such vagueness and unspecificity.. and many times we (beyond the royal) are going to want to make sure that we have some kind of clue regarding what the fuck they might be talking about, in the event that they have failed/refused to specify through their chosen referents (such as the use of vague-ass terms).

Explanation

very sorry to hear that. my condolences.

Link to the "many tweets, etc" or it didn't happen...



 

Very sorry to hear this Dabs. Comments and condolences always seem so insufficient at these times, but sending them nevertheless, in the hope they bring some sense of sharing your grief. I attended a funeral yesterday and found these words comforting, hope you do too:

"You can shed tears that he is gone,
Or you can smile because he has lived.

You can close your eyes and pray that he will come back,
Or you can open your eyes and see all that he has left.

Your heart can be empty because you can’t see him,
Or you can be full of the love that you shared.

You can turn your back on tomorrow and live yesterday,
Or you can be happy for tomorrow because of yesterday.

You can remember him and only that he is gone,
Or you can cherish his memory and let it live on.

You can cry and close your mind, be empty and turn your back,
Or you can do what he would want: smile, open your eyes, love and go on."

Sorry for your loss Dabs. There are no words that can fill that void. My thoughts and prayers are with you.

Sorry for your loss, Dabs. I've lost both my parents, so I know how it feels.

My sincere condolences.

Explanation

So sorry for your loss, my sincere condolences.

Explanation

I guess it depends how the lockdowns are worded but typically they apply to commercial/public transportation. If I had a plane at the local airport, there would be nothing preventing me from flying any time. I'd imagine yachts would be similar. International travel would be different but the rich also get special consideration there from what I have heard.