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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4322. (Read 26713358 times)

legendary
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$120000 in 2024 Confirmed
legendary
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Why? Because it is completely arbitrary and does not accomplish what is intended.
Assume several scenarios:
1. A visitor from out of state was traveling, went to piss past a purple post. He/she has no idea, thinks that it is some kind of a decoration-bam, wham. Not exactly the same, but in Florida a nice Japanese student visitor was killed through the door when he was simply participating in Halloween celebration.
2. A local drunkard drove his truck past the "signs", went out to do #1 as well...bam..wham!

In both cases, those who do the shootin' would be dragged through the courts, charged with manslaughter, and even IF they prevail, it is DEFINITELY not worth it if lives were not REALLY in danger.
Protect the property? Well, bears and rabbits shit on your property daily with no recourse..well maybe they got shot too from time to time, which is fine.

Additionally, assume scenario #2 happened. If the guy/gal who was shot in this scenario was also local, you would NEVER be safe.
His or her relatives...they got 'them telescope rifles as well, don't ya think?

Again, shooting mere trespassers is not legal in any case. Urban legends, old wives tales and the fact that you would probably get away with it if you weren't completely stupid notwithstanding. It's merely supposed to be a no trespassing sign. Though I do agree that it's really not very good from the point of view of someone who has never heard of this totally non-obvious custom.

By the way, I do recall reading that there were other parts to the Japanese student (though I think that was Texas) that were not being reported (quelle surprise) which, while not making the event particularly better, do shine a different light on things.

If I'm not wrong Texas has a law that let's you kill anyone entering your property uninvited after dark.
If I recall correctly the couple that shot the Japanese student did shout "freeze" several times and he did not stop, and it was after dark.

Edit: i see now that it didn't take place in Texas so that law obviously wasn't applicable.

You are generally correct, however.  Texas does have this law.

And it is a tremendously civilized position in my opinion.  When you live in the country and come under a threat you MUST be able to defend yourself.  No one wants to be in that position.  And no one with any sense wants to carry the fact that they did ultimate hard to another human, even if justified.  But no one is going to be able to come to your aid if you are threatened miles away from any eve rough civilization, so you carry that responsibility yourself.

I have known a lot of country folks.  And they are, for the most part peaceful and kind.  They would help a stranger who came for help. But if you live out in the middle of nowhere and have someone come on your property uninvited (particularly at night), and then they do not respond to commands to halt...  Well there comes a point where the only sensible move is force.  It's known as Castle Law, or Doctrine.  And it is quite sensible in my opinion.

I agree with you, I only wish we had that law in Sweden.

What for? I've been to Sweden it looks literally the most peaceful country in the world. And trust me: you don't want to shoot at people. I served as a police officer for 4 years in 2003-2007.  Sad

I don't want to shoot at people, but I do want the option if needed.
And it's not always as peaceful as it seems. I think it's called the most dangerous country in Europe right now because of all the shootings and bombings. A couple of shootings a day seems to be the norm now, there was one in Malmö yesterday.

https://www.thelocal.se/20210526/sweden-is-the-only-european-country-where-fatal-shootings-are-on-the-rise/

"From January 1st, 2018, to September of this year, Sweden has seen a total of 1,296 shootings, with 169 people killed as a result and another 460 injured."

https://www.breitbart.com/europe/2021/11/07/since-2018-sweden-has-seen-nearly-1300-shootings-169-fatal/
legendary
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If I'm not wrong Texas has a law that let's you kill anyone entering your property uninvited after dark.
If I recall correctly the couple that shot the Japanese student did shout "freeze" several times and he did not stop, and it was after dark.

I believe this effectively applies to your residence. You can't just gun down the mormons walking up your drive, even if one is Mitt Romney.

No, I'm pretty sure it applies to your driveway and garden and such also, but I haven't actually looked it up.
legendary
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I remember reading at the time that "freeze" refers to ice cream in japan and that the victim probably thought he was being offered a Halloween treat. It was October 31 and there were Halloween decorations in place. Trick-or-treating is usually done after dark.

The Wikipedia said the 17th which is way early for trick or treating. It seems they made an unfortunate mistake that shouldn't have resulted in death.

If I remember correctly it was a bunch of students going to a party (he was a exchange student) and he thought the party was in that house, but this is from memory.
legendary
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copper member
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I'm seeing a lot of signs of long term weakness and some signs of short term strength in the market.  This is usually the opposite of what I'm used to seeing.  I'd remain cautious here.  Price models are starting to break and the focus is turning to things like NFTs and coin burns while DeFi is still going strong even after the latest crash.  There isn't a whole lot of reason to be bullish on Bitcoin here in my opinion, but we haven't seen the multiyear blow off top that we typically see, so that remains the hope for a target.  I think it would be wise to have an exit plan ready if the right opportunity presents itself and starting to familiarize yourself with ways to earn a return from your crypto other than by 'price go up' might be a good idea.

No reason to be Bullish on BTC?

*banks offering exposure to BTC
*more and more adoption
*more and more billionaires admitting HODLing
*more merchants accepting
*El Salvador currency with more countries looking close
*list can go on for a full page or 3-4…..

Models don’t mean anything to Hodlers as anything can change rapidly
Models are just a fun read and a hopium shot if there bullish, negative models I don’t know… always just skip them, like a bad movie or something

That's exactly what's happening first banks tried to kill bitcoin and failed miserably. Now They're embracing it... just a day back I read this news

"German Savings Bank To Offer Bitcoin Trading: Report
Sparkasse, a German savings bank, is working to implement a bitcoin trading offering for its 50 million customers.
https://www.nasdaq.com/articles/german-savings-bank-to-offer-bitcoin-trading%3A-report"

What ever the banks or governments do eventually they will follow bitcoin but for some it will be too late.

+

*more and more billionaires admitting HODLing


legendary
Activity: 1974
Merit: 2124

No reason to be Bullish on BTC?

*banks offering exposure to BTC
*more and more adoption
*more and more billionaires admitting HODLing
*more merchants accepting
*El Salvador currency with more countries looking close
*list can go on for a full page or 3-4…..

Models don’t mean anything to Hodlers as anything can change rapidly
Models are just a fun read and a hopium shot if there bullish, negative models I don’t know… always just skip them, like a bad movie or something
The adoption curve has grown substantially over all these years and which makes me bullish in the bearish run also :


See we are still trap in an early phase and there are still many left to hoard the ship and we can easily sail the inflation boat with normal dip waves coming the way which could not sink the boat and it will cross them sooner or later but you know the holders will survive in the next years and rest who will leave behind inflation blast will burst up you and nothing can safeguard you.

The demand has grown and we can see many worldwide renowned celebrities,music bands, rappers and games teams accepting it as mode of salary, payment to employees and holding them on balance sheet as well and i have made a topic for the same as well.You can see it here:

Growing Bitcoin demand among people....

There are many topics that can be given to show bullish run of Bitcoin in the long run.


Just have faith and be in bitcoin boat Wink
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Monthly meeting of top officials at the Bank of England on whether or not to raise interest rates to supposedly "curb inflation".
 Roll Eyes

Is consumer spending really that high or is your problem more the result of these:

  • Money printing / bond issuing at ridiculous rate
  • Closing down the economy because of a DaNgErOuS vIrUs and still paying people - Economic reward for zero effort (looks like this is on the horizon again).
  • Allowing companies to borrow at zero percent and buying back their own stock.
  • At the mercy of many external markets such as energy and product supply. When things get moving you are either being taking advantage off or at the mercy of problems elsewhere.

Raising interest rates by 0.25% will do jack shit to curb these points and only make mortgage payers poorer.
Even if you went back to the good old days and had 3-4% interest rates on your savings as long as inflation is higher (which it is) you don't save anything.

People don't seem to understand that.

Bitcoin is clearly the answer, short term (years) and long term (decades).
legendary
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legendary
Activity: 1303
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a Cray can run an endless loop in under 4 hours
Saw on Twitter.



almost perfect, but instead of the sleigh we need the rollercoaster Smiley
legendary
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Neighborhood Shenanigans Dispenser
legendary
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legendary
Activity: 1722
Merit: 2213
You might disagree with his focus (albeit not completely) on alts, but this is overall a very decent guy (Tyler aka Chico Crypto), imho.
Burned out.
https://www.youtube.com/watch?v=0_FWxlKRYBc

Thanks for sharing it's an interesting situation, I also do feel sorry for the guy, but there is another important message here. I know he was mainly invested in shitcoins, and was very good at picking out projects that were undervalued and performed well, but seems like he held a lot through the past 6 months continuing to believe they would outperform Bitcoin while rarely taking profits, and the likelihood is half of them didn't, given that shitcoin dominance remains at it's highs as opposed to gone higher. Hearing that he held Chainlink all this time was somewhat sad to hear, it went up 20x in 2020 against BTC after getting into the Top 10, but now 75% down and struggling to remain in the Top 20. It's personally the coin that I most aggressively sold satoshi profits on in 2020 and now only hold 1.5% of what I did after selling half of it about 6 times, because I had no emotional attachment to it.... It's now hanging on by a thread at the 200 Week MA against BTC and clearly has the potential to drop 90%, just like Solana, Luna and others that had their 50-100x rises. That said, getting all out of a shitcoin at a 5x before price crashes 90% or more, during it's first cycle, is better profits than selling 2x at every double for sure, but naturally feels very different, even deafest I imagine. For example taking 50% profits, then price dropping/pumping, then 50% more, then price pump/drops, rinse & repeat, feels like a good strategy. Getting all out after a 75% drop must feel awful, even if more profitable.

This video was also a stark reminder of how parabolic the shitcoin market has become, how "expensive" many of these coins have become, so many examples out there right now. Some have already retraced 75% and look like they can do it again, for example Link and Doge, while others haven't even begun their retracements yet. The fundamentals appear obvious that Bitcoin dominance will bounce back from 40% to 50%-60%, now that it's 200 Week MA has finally shed it's bearish bias and flattened out for the first time ever (which took 3 years), whether this is from a recovery and bull market (I assume) or a bear market (less likely). I know I've been saying this since May and again in September, but I'll reiterate it this month, even if the technical picture of a descending triangle looks bearish. Shitcoins are overdue for considerable carnage.

Furthermore, while I see enough analysts comparing current prices to $3K or $5K in 2017, if they are right and Bitcoin prices make new ATH in the near future, because this is the middle of the cycle, then it stands to reason the same event will occur when Bitcoin goes up by X amount, along with it's dominance, while shitcoins get dumped for fiat or BTC. It also seems that many shitcoins investors (that are weaker hands) will feel the same as Chico Crypto if Bitcoin goes lower, and with the crypto market 60% invested in shitcoins as opposed to Bitcoin, I can imagine the obvious result for a further correction. BTC dominance will continue to climb as newer shitcoin speculators dump their bags for fiat, while longer-term shitcoin speculators take their profits (or newly found losses) back to satoshis, as they have been doing for the past 6 months.
legendary
Activity: 2688
Merit: 2229
https://t1p.de/6ghrf
That's exactly what's happening first banks tried to kill bitcoin and failed miserably. Now They're embracing it... just a day back I read this news

"German Savings Bank To Offer Bitcoin Trading: Report
Sparkasse, a German savings bank, is working to implement a bitcoin trading offering for its 50 million customers.
https://www.nasdaq.com/articles/german-savings-bank-to-offer-bitcoin-trading%3A-report"

What ever the banks or governments do eventually they will follow bitcoin but for some it will be too late.


One reason to cancel an account with this bank.  Cheesy
copper member
Activity: 1526
Merit: 2890
Reporting done right!

Or just right click > save image to save yourself $$$.


legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 1863
Merit: 1020
Every time I see Bitcoin price goes down, this picture warms my heart

https://i.imgur.com/E2cWs2V.jpg

You expect bullish January then? Hope this graphic repeat itself. That way we can see 130k-270k next year.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
copper member
Activity: 1526
Merit: 2890
I'm seeing a lot of signs of long term weakness and some signs of short term strength in the market.  This is usually the opposite of what I'm used to seeing.  I'd remain cautious here.  Price models are starting to break and the focus is turning to things like NFTs and coin burns while DeFi is still going strong even after the latest crash.  There isn't a whole lot of reason to be bullish on Bitcoin here in my opinion, but we haven't seen the multiyear blow off top that we typically see, so that remains the hope for a target.  I think it would be wise to have an exit plan ready if the right opportunity presents itself and starting to familiarize yourself with ways to earn a return from your crypto other than by 'price go up' might be a good idea.

No reason to be Bullish on BTC?

*banks offering exposure to BTC
*more and more adoption
*more and more billionaires admitting HODLing
*more merchants accepting
*El Salvador currency with more countries looking close
*list can go on for a full page or 3-4…..

Models don’t mean anything to Hodlers as anything can change rapidly
Models are just a fun read and a hopium shot if there bullish, negative models I don’t know… always just skip them, like a bad movie or something

That's exactly what's happening first banks tried to kill bitcoin and failed miserably. Now They're embracing it... just a day back I read this news

"German Savings Bank To Offer Bitcoin Trading: Report
Sparkasse, a German savings bank, is working to implement a bitcoin trading offering for its 50 million customers.
https://www.nasdaq.com/articles/german-savings-bank-to-offer-bitcoin-trading%3A-report"

What ever the banks or governments do eventually they will follow bitcoin but for some it will be too late.
member
Activity: 564
Merit: 50
Every time I see Bitcoin price goes down, this picture warms my heart


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