Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4830. (Read 26607959 times)

Explanation

I am mostly referring to "in this thread" when I start to become really hostile to any shitcoin discussion that is other than negative.

In other words, if you have nice things to say about various shitcoins, then probably better to take it to some other thread, because the conversation just seems to devolve if we get into comparison/contrasts regarding which shitcoin might happen to be less shitty.. and then what?  we are no longer focused in any other kind of way.

Another thing regular peeps say is that we can talk about race, intellectual superiority, sex/gender, religion, politics, diet (including what who ate for dinner), covid, blah blah blah.. and sure of course we can go all over the place on the various other (nonshitcoin) topics, but they are not likely to devolve into bullshit ideas that attempt to naysay on bitcoin for no reason at all beyond pumping some shitcoin or another.




There are threads about that in this forum, and no need to get into those details here..



Good for you.. I am glad so far that you are not getting into too many specifics, except for tempting the topic that trading shitcoins is valuable.. which is also a slippery slope area.. because ultimately it you try to talk about it very much at all, then people are going to be tempted into asking you about specifics, and then what?  We are in lalalala  fantasylandia talk.


There are ways to stack bitcoin too.. without getting involved in either trading or talking about shitcoins.. .. but anyhow, I have no issues or concerns about people gambling or engaging in various trading tactics to get more bitcoin .. but still seems that there are other threads on this forum in which such topics can be discussed without leading many of us here into temptations of talking about various shitcoins.. rather than attempting to NOT lose our focus on various many topics about dee badger.. or perhaps how many 2x4s or carts of tbones, hookers, lambos and blow you can buy for 0.21BTC?


You are making some senses Arriemoller.    

Go figure???


Your post is testimony that every single body has an ability to lurn MOAR better...   

Some peeps just take more time dan udder peeps.

 

But, but, Chart buddy is important, without a useless repetitive bot to spam the pages we are nothing, the majority have decided that it is so, and the majority is always right, right?
No matter how dumb, right?

Well, ultimately you are the one who has to figure out both what your accumulation strategy is going to be and how you are going to attempt to maintain a decent amount of your wealth in bitcoin, if that happens to be a goal of yours and you really do believe in bitcoin.

I am not opposed to trading, but way too many people attempt to do it way too soon and way before their BTC portfolios are ready for such.  They also engage in trading with way the hell too much of their stash, including considering the possibility that always should be sufficiently and adequately prepared for UP, and it tends to not be a good strategy to sell bitcoin with the expectation of buying more back at a lower price, and of course, there are exceptions to every rule - especially if you figure out ways to sell small amounts decently high BTC price appreciation periods (on the way up in other words, and without expecting that you are going to be able to buy back at a lower price).

Of course, I have hardly any clues of your personal particulars, Subbir, beyond what small amount of information that you provided, and surely you do not necessarily need to provide too many personal particulars in order that we might be able to attempt to both brainstorm about what your strategy might be or get some ideas about whether others might learn from your sharing of information about your BTC related strategies.

Frequently I discuss the figuring out of your personal finances including how much cashflow that you have coming in, including how much of that you might be able to dedicate towards bitcoin purchases.

Once you establish that amount, then you will be in a better place to engage in your BTC accumulation strategies, which I consider lump sum investing, dollar cost averaging and buying on dips to be the three main categories of consideration.. and selling (including trading) would not be part of such initial strategies.. until you reach a certain accumulation point and/or profits point... and for sure, some guys just have very strong inclinations to try to trade and gamble with their strategies, so of course, you have to find a balance that works for you even through I personally believe that it is problematic to be fucking around too much with trying to time ups and downs until you have already gotten to a decently good BTC accumulation level largely based on the three buying strategies that I just mentioned.

If you want to continue with these considerations or even start a new thread, Subbir, then I don't mind going into more details of my thoughts on these kinds of matters, and sure there are guys with seemingly differing views, so of course it is going to make a difference if you have $12k available to you for BTC investing or $120, and having more value gives you more options, but it also can create some dilemmas too in regards to what to do... I frequently like to discuss a hypothetical person who might have $6k available now, and another $6k that comes available over the next 6 months, which can give some kind of concrete perspectives using fairly reasonably divisible amounts, and of course, anyone reading or participating in such discussion could use such numbers to attempt to adjust up or down both in regards to what s/he could do or to come to discretionary determinations regarding what kinds of strategies better fit his/her finances and his/her psychology.

Explanation

Good afternoon Bitcoinland.

Still fighting the battle for $50k... currently  $48320USD/$60930CAD (Bitcoinaverage).

Less than a month of summer left. I think we're all ready for the autumn bull run. (Northern hemisphere of course).

Go Bitcoin go.


Damn straight.

We were barely surviving in the heat wave downtown. The temperature was bad enough but the humidity was oppressive.

We headed up early Thursday and didn't get back until late last night.

What a relief. We actually had to put jackets on in the morning.

I like this kid, he’s only 19 but he's one of the best analysts around imo, after Plan B & Willy Woo, this is my guy.


Follow him -

https://twitter.com/wclementeiii?s=21



Will Clemente
@WillClementeIII
This wave of Bitcoin supply shock has the most momentum of any in recent history.

We're going much higher over the coming months.

https://twitter.com/wclementeiii/status/1432399090143449100?s=21

Mempool kind of heating up a bit...  So far nothing out of the ordinary, but it looks like a pretty good splash forming... let's see!

Compared to rest of the month does not stand out... but the spike seems to be forming quickly.  Good to watch.



I noticed because I went to force close an inactive channel, and I paid like 3x what I needed to in fees, and then it did not confirm... went to look and we had gone from 1 block deep to 6 deep very fast.

While I agree Bitcoin is king daddy, I won't say that shitcoins have no use.  Shitcoins sole purpose to me is to gain more BTC.  I've doubled my Bitcoin stack in the last year by trading BTC/Shitcoin pairs.  While I'll never hold a shitcoin longer than a week it has been a nice way for me to stack sats since I wasn't as early to Bitcoin as most others here.

Explanation

Actually, I do appreciate how a current business in mainstream circles would end up attempting to equate bitcoin with gold and silver because many people have hardly any clue about what bitcoin is, and it is probably likely that gold and silver would be better explanatory accuracies rather than suggesting bitcoin to be something like master card or visa.. even though bitcoin is seeming to get more of those master card and visa functionalities through further developments of the lightning network.

For sure, it is going to take a decent amount of time to both get bitcoin to sink into the heads of the masses of normies, and even some folks who invest into bitcoin do not really understand or appreciate some of the deeper aspects of bitcoin.. and I am not going to exclude myself from the ignorant either, even though many of us longer-term bitcoiners can appreciate that there may well be a considerable amount of knowledge differences between some of us who have been following the space for longer periods, and surely we can see that even some of the quick-study folks, such as Michael Saylor may be working through some of the learning curve aspects in a public way (and of course, I am not the first to make such an observation) - and not even saying that some of us long-termers are smarter than Saylor either, but there are varying perspectives and emphases and even disagreements about what parts of bitcoin deserve emphasis or discussion..

...and surely some of the differences of opinion, perspectives and knowledge of those who are attempting to study bitcoin in detail will lead to various attempts at improving aspects of bitcoin through its growth - and not even saying that we need to presume bitcoin to be broken in any kind of way in order to presume that bitcoin will likely grow in various ways or develop in various ways that might be beyond what is currently knowable (even though variations of the future can be hypothesized and speculated), but surely growth of bitcoin is not necessarily going to be ossified, even if there are likely going to be some aspects of bitcoin that are conceptually changeable (such as its fixed supply) that seem theoretically changeable would be nearly impossible to change in actual practice.. ..

There are other aspects of bitcoin like that too in terms of some aspects of bitcoin might be more ossified than other aspects.

Explanation

The best thing is happening Truth be told Bitcoin can at least 4 years or more so view some portfolio. You are right that if I do not have bitcoin deposit I will never get very good results but since I love bitcoin I have some bitcoin deposit though it is very small. However, the funny thing is that I have had some of the bad experiences while trading Bitcoin (Maybe I’ve had this kind of bad experience because I’m  new in bitcoin.), I have lost some of Bitcoin and even after that I am confident that Bitcoin is conducive to a better life.

Explanation

I´m not invested in gold or silver but Bitcoin  so, totally agreeing 2 your statement! this was a pic from a now closed but then famous BTC-location in Berlin... kind of a place, where 2 beer and 1 whiskey just taste a lil better 

https://www.google.com/search?q=room77&client=firefox-b-d&source=lnms&tbm=isch&sa=X&ved=2ahUKEwi8yujwiNnyAhXSsKQKHZGbAN0Q_AUoA3oECAEQBQ&biw=1920&bih=899

I sold all my gold and silver bars. The only ones I've kept are considered jewelry (bracelets, necklaces) that do have some value if melted into gold, but has more value being used as jewelry and not as a precious metal.

I may get a bar or two again in the future, but only once we've firmly established our positions in bitcoin, as in, maybe after we've reached FU level / status or more. Otherwise, there isn't any real need for physical gold. If you can conceal and carry a single ounce gold coin with you through or across international borders, then you can certainly carry bitcoin just as easily; no one else will know.

Having gold/silver in your sign seems off topic at best and a dig at bitcoin if interpreted more deeply.

In other words, both gold and silver have a lot of debasement issues .. so even if less manipulated than dollars, they both still suffer from quite a bit of manipulation.. and I doubt we are in a good place to be getting into those battles in this here thread, like we have over the years, at least in respect to both gold and how much superior bitcoin is to gold, which is becoming more and more apparent.. even looking at relative price actions of bitcoin versus gold markets.. over the years and likely into the future..

Bitcoin is the soundest money that we have to the extent that soundness and honesty might be equivalent in terms of the underlying systems.. but another thing about bitcoin is that there is not really any need to attempt to moralize matters in terms of who is using bitcoin because anyone can use it, and it is also built upon a lot lesser needs to trust.. trust minimized people say...

In other words.. fuck gold and silver.. except maybe as a back up once you have established your bitcoin position.. and sure if you are already into gold/silver but not into bitcoin, then there is just a matter of figuring out how much (if not all of it) of your gold and silver positions to shave off and to allocate those amounts into bitcoin.  

For example, with gold, bitcoin is currently priced at a wee bit less than 1/10 of the market cap of gold, but any kind of fair and introspective assessment of where we are at in current times, we should fairly easily appreciate that bitcoin has at least 100x to 1,000x the value of gold, so it could take a few more cycles for bitcoin's market cap to get there, but of course, those kinds of fair assessments should highlight that gold/silver are not likely to do very well (relatively speaking) compared to bitcoin, even if each or both might be able to hold value relative to fiat.. perhaps? perhaps?

Oh quit your grumping!  I am very conscientious around here and respect the maximalist vibe etc. I am most certainly a Bitcoin maximalist myself... but I am also a privacy maximalist.  So I end up a little less black and white in my thinking, and simply think that until Bitcoin inherits Monero's privacy... Monero is a candidate to act as both Bitcoin's privacy layer, as well as a way for Bitcoin to be somewhat out of the line of fire from governments insofar as the bad press from DNMs and other nefarious activity.

AND you have inspired me to buy myself a nice Monero mug to go with my mug with the genesis block on it!    

Also, have y'all seen this?  Interesting times.   https://unstoppableswap.net/