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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4751. (Read 26609927 times)

legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

Probably CIA backed, some things never change.

Also, these are a nor more than handful of El Salvadorians.
MSM: "The people of El Salvador..."

We call this "Bullshit Bingo" hereabouts.

...

To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin.


https://www.cryptocraft.com/attachment.php?attachmentid=3817847&stc=1&d=1608562267

Merited, mainly because it's so sadly true and ironic at the same time.

legendary
Activity: 2772
Merit: 2846
...

To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin.


legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
~sjipped~.

Of course, I am not against squiggly lines and TA, so long as they are considered in a proper context.... including considering that the mere placement of squigglies on a chart can sometimes communicate (intentionally or not) subliminal messages that may well assign higher expectations than such line might have intended to communicate by the author... and sure sometimes even the author of the squiggly line(s) will sometimes assign more value than deserves to various squiggly lines once drawn.
😆😅 Oh dear! This is squigglier than the lines, howbeit.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
[edited out]

The "pyramid scheme" was an attempt to raise understanding WHY nocoiners still see Bitcoin as such, while the actual happenings (history) of Bitcoin show that it's not really the case.
People tend to simplify (as do i in my argumentation more often than not). It's easier for them to remember the pyramid scheme narrative than educate themselves in Bitcoin, economy and sound money principles. Bringing in the "pyramd scheme argument" was a perfect move and the narrative grew successfully.
Now it's harder to get followers of the "pyramid scheme conspiracy" educated. A (temporary) win for the "fiat society", because people tend to stay with simple explanations and affirmations. Most people do hard to change their beliefs. Give a simple explanation for a complex question (on a complex subject) and the most dumbest guy/gal will "understand".

We can agree to disagree..  As I already attempted to explain, I consider that the pyramid scheme framework is the opposite of helpful because it is misleading about what bitcoin is, even if people might be able to relate to such a framework.

That is an important factor of AlcoHODL's collegues and relatives NOT really understanding Bitcoin, because they think they already do.

I have my doubts about if AlcoHoDL would be presenting the pyramid scheme as an educative framework to explain bitcoin, unless he were merely striving to contrast bitcoin with such scheme in some kind of way.

Perhaps AlcoHoDL could chime in on this point in terms of whether he would use a pyramid scheme framework to explain bitcoin, merely as a contrast or in some other way.. As I already mentioned, seems distracting and misleading in terms of costs versus benefits in using it rather than helpful from my point of view.

Second biggest factor: Trust.
Humans trust information more, the closer the relation is to the informer. We don't want to be alone, we don't want to decide alone, so we take over narratives from people we look up to, as well as from people we relate to on the "same height of sight" (as we tend to say in my country). While people like us (WO's) are likely seen as freaks by normie nocoiners, they tend to keep trust to information from other normie nocoiners, which form a bigger group they feel related to, while we may seem like mavericks.

Fair enough.  There surely is going to be a need to attempt to relate to any audience that we have, and surely any audience is going to be more receptive when able to relate - but I doubt that should mean that we give up and say that we are ONLY going to allow nocoiners to educate other nocoiners, because then they would be just sharing a circle of ongoing retard.

In the background it's even more complicated, just wanted to highlight the simple aspects that stand out more.
To keep it short: Peeps either doing something or not, they are basically driven by fear or love. They fear (refuse) things they don't know, they love (accept) things they do know.

With almost any kind of learning, especially something that seems daunting and complicated, it can take quite a bit of time to get to various points of understanding... so sure, the more that is understood about basics, then the easier it becomes to learn more complicated ideas after gaining more foundational understandings.  And, sure many times, many of us fear being overwhelmed by too much information and we have to attempt to learn at a pace that allows the information to sink in rather than completely going passed us.

Strangely, my attention was always drawn to the unknown (which provided me fantastic experiences in the past and present, by the way).

Of course, some people are more adventurous than others in terms of desires to learn, and even some people who might not have tended to be intellectually curious can sometimes be brought around to increasing their intellectual curiosity after they learn some basics that they had not previously understood.  Surely, people are not necessarily going to totally transform their way of being or their seemingly natural inclinations, but sometimes they will develop curiosities in areas that had previously been uninteresting to them.

EDIT: Fuck, missed to break CB triplet by a minute :/

You slowpoke!!!!!!!    Angry Angry Angry

I see your point. Let's move away from the pyramid thing, because it's an explanation only nocoiners tend to use, anyway.
THB, when i originally wrote it, i had that feeling it might go wrong a little (way less worse than expected, though).

There's a big problem with education. Most people don't want to get educated, because it makes them feel dumb.
... let that sink in first.

Only 10 more seconds...

It makes them feel dumb because they think they already know enough about (Bitcoin. Mainly because someone, or the MSM channels they trust).
So they unconsciously think if someone educates them about something they already (believe) to know, the one educating them is looking down on them.
This is because most humans are still more like apes. Give em a pussy/dick and a banana, they're happy. Take their pussy/dick away (or their banana), they get angry.
It's only that we all learned to communicate and imagine on a high level, which in turn built so much brain mass, that almost nobody is able to use it in a sane way.
The imagination factor, in contrast to chimpanzees, makes them even angry when they imagine someone takes their banana (or pussy... you know the deal).
This way, "normal" peeps are easy to manipulate. Just tell them they gonna lose their wealth when investing it into a new digital money they can't touch and spend at Walmart, and those who had it first will sell it later for them to lose. It's sufficient to put off 99% of peeps investing into Bitcoin. Repeat it often enough and they will also spread the word, effectively becoming educators themselves.
So imagine AlcoHODL walks up tp these people, tells them about Bitcoin, they laugh about him, thinking to be more educated than he is about BTC.
There is very little chance to make them understand even the core principles of BTC, because every explanation will trigger a millisecond response from their mind. Like "i know already, BTC is a scam, we all know. Only AlcoHODL puts in all his money, which he is gonna lose for sure. What a moron. And then he's trying to convince us... LOL" - They are not even aware of those internal responses of their mind, because they are just impulsive feelings, summaries of a contextual "knowledge" they have built over time.
I was a hardcore leftie when i was young, so i learned not to trust banks pretty soon, to question WHY somebody is super successful or rich. For me, Bitcoin was a revolution in itself, as soon as i educated myself about it. Nobody walked up to me and said: "have you heard of that new internet money?".

To sum it up: I'd try to convince a nocoiner about the sanity of Bitcoin one time. If he/she doesn't get it, or is already "clever enough", just like the two selfmade shitcoin traders in my lil story from two days ago, i'll let it go. If i really like or care about somebody, i'd try again after a while. Then i just leave them up to themselves, in regards of Bitcoin.
legendary
Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
"macro-supply squeeze".  wow kids these days come up with the darnest things
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2772
Merit: 2846
If that chart looks like Godzilla is about to stand up, you will see it fire some laser eyes following a trend line going uppity.

legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
If that chart looks like Godzilla is about to stand up, you will see it fire some laser eyes following a trend line going uppity.
legendary
Activity: 2772
Merit: 2846
@JayJuanGee, yeah I drew that by myself and it wasn't a blindfold. I like to look at trading from the TA perspective. Well, I really don't know if your question was a mockery or you actually wanted to know a thing or two but let me quickly say that what you've there are BB, MA and a horizontal line to show for TA inclination.

Of course, I am not against squiggly lines and TA, so long as they are considered in a proper context....

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
@JayJuanGee, yeah I drew that by myself and it wasn't a blindfold. I like to look at trading from the TA perspective. Well, I really don't know if your question was a mockery or you actually wanted to know a thing or two but let me quickly say that what you've there are BB, MA and a horizontal line to show for TA inclination.

Of course, I am not against squiggly lines and TA, so long as they are considered in a proper context.... including considering that the mere placement of squigglies on a chart can sometimes communicate (intentionally or not) subliminal messages that may well assign higher expectations than such line might have intended to communicate by the author... and sure sometimes even the author of the squiggly line(s) will sometimes assign more value than deserves to various squiggly lines once drawn.
legendary
Activity: 2772
Merit: 2846
Well, here we are again.




The kraken really should upgrade its server to a computer that powerful.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
El Salvador another achievement as half a million population is already using the official wallet Chivo which have $30 of bitcoin as signup bonus
 
Source:  Half a million users using Chivo wallet

It has just adopted it as legal tender and this is growth so many are going to adapt to the same.
Official government wallet, that is a disaster in the making. Bitcoin has no official wallet

The people of El Salvador are protesting against Bitcoin bill
https://cryptoslate.com/the-people-of-el-salvador-are-protesting-against-bitcoin-bill/

Thing is... this is a side effect of a free open network. ANYONE gets to play.  Even governments.  And anyone gets to build whatever they want.  Chivo may have a downside for sure. Privacy is already an issue with Bitcoin in general, and a government wallet?  Pffft. I would never use it except to collect my helicopter money.  But we KNOW that average Joe (or Jose) is going to use whatever their government spoonfeeds them. It has always been this way. It is this way. It will always be this way.

I have always said.  The revolution in Bitcoin is not that you HAVE to be your own bank. It's that you CAN.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
@JayJuanGee, yeah I drew that by myself and it wasn't a blindfold. I like to look at trading from the TA perspective. Well, I really don't know if your question was a mockery or you actually wanted to know a thing or two but let me quickly say that what you've there are BB, MA and a horizontal line to show for TA inclination.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"

Seems that odds for dying become greater when peeps get older... because the meat wagon becomes less able to take abuse.. or recover from inflammation, accidents, dietary and lifestyle practices that might not had been damaging when in youth... even though we also know that younger peeps do tend to die more from accidents in terms of their greater activities and perhaps greater willingness to take risks (perhaps without even accounting for how much risks that they might be taking while driving a motorcycle at 100mph down a curvy mountain road or doing wheelies in the city streets at 50mph on same such motorcycle or whatever).



BTC still respecting the strong support line as indicated with the white horizontal line @40,921.

You did that yourself?

How did you achieve such seemingly randomly drawn squiggly? with a blindfold and a dartboard?  Cheesy Cheesy Cheesy
legendary
Activity: 3780
Merit: 5429
The sheeple still don't realize what is happening.

The world economies are continuing to deflate. In a long term melt-up, the stonk markets will continue to be bought up on every dip with absolutely regularity every month via free money from the Fed.

The market noise between Jan and Dec of every year will be irrelevant, the stonk market will end the year at least 8-12% higher than the year before it. And the year after that, and the year after that. There will be no down years for the stonk market. Why? Because it has to go up, in order to offset massive yearly inflation. This is how the wealthy elite protect their wealth. And the middle class and poor, because they don't invest, continue to lose wealth (i.e. purchasing power) at an alarming rate.

Just look at this pattern:



Once you take the red pill and realize what is happening, you also realize that high value deflationary assets are your only savior. Bitcoin will outrun them all.

#BUYBTC



As a follow up to this, I'll leave an absolutely fantastic interview of Luke Gromen on George Gammon's channel that discuss much of what is happening in the world economies and markets in mind-boggling detail.

https://www.youtube.com/watch?v=2JpYiBFGLDQ

Some jaw dropping statements during that interview. These stand out:

"Inflation [and also sovereign debt] is a now matter of national security." *shudders*

"The wealth effect has become such a driver of consumer spending and tax receipts, that the Fed cannot allow the stock market to fall too much, and/or for too long." *double shudder*
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Well, here we are again.


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