Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5150. (Read 26710273 times)

done you have 6000

Explanation

Try not to get angry at him but when his stocks are down in a couple of months time and Bitcoin shoots to over 60k in December just said him a little message saying your hope he is enjoying his passive income and you are definitely enjoying your new lambo you bought. I am kidding its never a good thing to be smug about it but I hear this all the time. The amount of discussions I have had with family about them wanting to get into Bitcoin and never taking the leap and then they try and then it goes up and they regret it and once it falls back down all you hear is them trying to justify it to themselves why they did not invest "see its a bubble". This does not just happen once this happens on a yearly basis and its the same pattern over and over but the only difference which they refuse to acknowledge is Bitcoin is up from the average of the last two years.

You cannot change ignorant people.

Your breath smells like raw salmon, dude... #justsaying

Me: I’m no merit b*tch



















Me: Curisous who’s gonna give me the Nr 6000 

My personal favorite

When there’s FUD being created for an event and it’s a nothingburger….

Love it

Cheers and a drunk AF Sunday

Btw

Low 3 0’s prices.
Bitcoin sideways  for some weeks,
just Haiku worthy.

Ok.  Fair enough.  It is funny how we sometimes end up telling stories or attempting to make our various points in other ways in response to no coiners or maybe to clarify the messages so that newbies and pre-coiners might not get overly confused about the value proposition.

Sure we would not want innocent peeps to become a no coiner, or wait too long to buy or even to get scared out of their coins because of disinformation... and geez some people may well not even want to get the message.

I spoke to one of my uncles on Friday and then I spoke with him at brunch today.. and on Friday, he was saying something about wanting to buy some BTC.. like a somewhat repeated theme of him saying but not doing... and sure, I say some things that should at least allow him to appreciate hedging or DCAing or some kind of modest starting point.

Then when I saw him at brunch.. holy shit he was an arrogant twat.  He started bragging that stocks were generally up 14% for the calendar year, and even when I said that the calendar year did not matter, he insisted that we look at bitcoin and we saw that the 6 month price performance of BTC appeared to be 15% down.. so in that regard, he was quite smug about it, and even when I told him that he seemed to be choosing random price points in order to ignore actual facts, he was quite excited to proclaim that stocks are doing better than bitcoin and that his ability to live off of his investment strategy for around 25 years, as a kind of passive income was sufficient evidence regarding what he was doing was sufficiently adequate and keeping him in a quite good place..

In other words, he was sayin bitcoin is not necessary towards his strategy and wanting to emphasize the 6 month period snap shot...  When I proclaimed that he was talking nonsense because if we look at bitcoin going up 6.5x from September and still being 3.5x up from September, he insisted that the calendar year is more important because that was what he was looking at.  I said that when I got into bitcoin, I could say that my in spite of all my various mistakes along the way, my bitcoin investment was still at least 31x up and even though it had dropped 50% from its $64,895 high and so it was 65x, and now it is ONLY about 31.5x, but my various stocks and traditional investments have only gone up around 80% (at best - even given the most charitable of interpretations to performance by picking current top and the then bottom arena) during that time.. and sure, maybe we get all smug about stock performances being at all time highs.. but holy shit, seems to me that he was trying to be selective and failing/refusing to zoom out a bit.

Today, he was so stubborn and seeming to want to be right (and suggesting that I am the one just trying to be right or to pump my bags) so, not even the money printing issues seem to phase him, and he was suggesting (if not outright focusing) that Biden was causing various issues of money printing and giving money to undeserving peeps and fucking up the economy.  I said that I give less than two shits about Biden or Trump and he is getting distracted with personalities and he seems to easily forget that all sides were more than willing to go down the road of printing money to oblivion, and he (my uncle) was largely caught up on distractions about Biden, disappointment where Biden was putting the money and the disincentives of giving out free money, and I repeated that it does not matter - Trump would have printed the shit out of money too, and so what if he gave money to other people or even hypothetically would have printed 1/3 as much or whatever fantasy world that he (my uncle) wants to live in, the problem of money printing and inflation of all assets remain the same and his inability to distinguish bitcoin in the whole confusion of the matter has to do with his own inability to understand bitcoin.. and we were devolving into talking at walls because even my other uncle (who hardly has a nickel to his name - no pun) chimed in to proclaim that PMs are the best.. blah blah blah.

After a bit, I gave up on trying to talk with the uncle about the way that bitcoin is different and a hedge and whatever kinds of allocation considerations that might be prudent for him to more seriously consider and actually act upon, and I told him that I don't give any shits about what he does including his seemingly ongoing decisions that involve ignoring reality and failing refusing to allocate some value into bitcoin.. those remain his ongoing choices.

So, yeah, I agree that bitcoin has been an amazing investment for many of us on a personal level, and there seems to be no real reason or evidence or logic to consider that bitcoin has lost its investment thesis, and may well even be a stronger investment thesis than it was 2 years ago, 5 years ago, 7 years ago, or 9 years ago... sure, the price is higher.. so quite likely and logically we are not going to get 400x-ish returns nearly as easily from here as we could have gotten from buying bitcoin at $100 in 2013 or even 126x-ish returns from buying BTC at $250 in 2015.

But still even getting 10x returns in 10 years, might not be a bad idea.. that surely would be in reach.. but whatever... even if someone might only have a 4-year investment timeline, there still be seems to be some pretty damned decent hedging opportunities, even if you are not guaranteed profits.. but is BTC going to perform substantially worse than the stock market.. .or not adequately giving some hedging potential as compared with the stock market or other dollar reliant investments.. sure if there might be some folks who  are that much hesitant about bitcoin, then they should be investing less into it, and no one is really saying to put everything into bitcoin, and my recommendation still remains 1% to 10% - and my uncle knows that I am not really recommending more than 1% for bitcoin skeptics (aka bitcoin pussies).

Explanation

Christ, Biden is not a Hologram, these are the Holograms...

Eloquently put.

The point of the post was probably aimed more at Billy nocoins to show that a drop to any particular price really does not matter to those here in it for the long haul. 450X was just the rough number of $ increase in value of my $68 coins at present time.

There have been so many crashes since I bought my first coins that had I capitulated at any of those points along the way I would not be in the comfortable position I am with Bitcoin right now.

Arriemoller is not particularly worried with 50% drop and I'm not at all worried. I also agree with Arriemoller this cycle top has not been reached.

I'm always bullish, I remember daring to think 1BTC would one day buy 1oz gold, wow Bitcoin would have become of age.
And it hit that in Nov 13, at the time when you made your $1201 p2p transaction.
Then recently 1BTC equals the price of 1 Kg gold.
I look forward to when 1BTC will buy a 12.5kg 440oz good delivery bar currently $728k after a few more cycles.

A BTC wallet is my deposit and savings account, the best I've ever had.




 

Gosh.. google don't know shit, does it?   

Says they were fined 1900 usd. so that implies a conviction.

Explanation

The whole story is bullshit. They cant destroy anything before there is a conviction and case is closed.
There is proper machinery to destroy something a road-roller is not it. https://youtu.be/5n-n-i9JqEI

I stumbled upon the Grayscale thing several times in the past week, and it got me thinking: if some people are assuming this will lead to a drop in price, that also means at the same time others are assuming they can buy cheaper coins. So all in all it might not matter much, or could even lead to a price increase when it turns out nobody is dumping 16,000 Bitcoin on the market.

Safe to say Google totally dropped the ball here if they can't get basic conspiracies right.

BULLFC_Bitcoin 

I’ve been expecting paper hands to start a sell off today. Doesn’t seem to be happening yet. If we can close above $31,000 today then surely it’s the bottom and we can start going up again soon?

Explanation