Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5414. (Read 26610744 times)

ELI5:
https://www.youtube.com/watch?v=Lhf_2gJJS1I


As usual hodling unaffected.

But what if.... crashes-> put house for sale... house sold-> money to bankaccount, from there to exchange-> meanwhile back up double the crash ??

China banning mining... Really having an impact on new blocks... -2.06% next diff adjustment... WOW!!

Hopefully by next month I can restart CPU mining again... and add more Bitcoin...

Can I move in as well?

https://twitter.com/adam3us/status/1396021659065327616?s=20

 

If we crash another 30% I'm selling the house and living in the Winny!

Explanation

https://twitter.com/michael_saylor/status/1396085521630253062

Just because you say something retarded does not mean that I should frame my response within your retarded limitations.

Again, people have to consider where they are at at the time that they hear about bitcoin and they make their bitcoin plans.  Sure, history might inform them about how to make their plan and what kinds of strategies to employ, but it should NOT inform them to wait and see, which is an error that a lot of peeps seem to make.  Waiting and seeing seem to not only NOT prepare them for UP, they cannot even fomo buy because they have not even set up accounts.  

Sure, they do not need to act in terms of actually buying right away, even though planning and setting up accounts are preliminary steps that would include figuring out how to buy in the event that they were to want to start to employ that component of their action/plan.. and DCA is one of the three components that I suggest especially for newbs who don't tend to know shit anyhow...

and if newbs presume that they do know shit and fail to employ one of the components of getting started and accumulating (referring to DCAing) then they are likely just creating way more work upon their lil selfies than would be prudent because many peeps (newbs included) want to believe (likely incorrectly) that they are smarter than everyone else.. blah blah blah.

wait doomsday is formal attire? crap im a jeans and tshirt kinda guy. but id hate to miss a good doomsday.

You. I like you.

This deserves 5 merits but I unfortunately have none

Well, maybe some of us are starting to appear like pretty damned small minorities - nonetheless seems to be a hill worth dying on.

Why the fuck should any of us be blindly using a term merely because everyone else is.  It's like 2014/2015/2016 when so many fucks were afraid to use the term bitcoin because blockchain was where it was at.. blah blah blah..

Fuck that foggy shit.

There are a quite a few other bitcoiners, besides peeps in this thread (including yours truly) that are quite vocal about the amorphous and meaningless babble coming out of mouths spewing  "crypto" - especially if they are also including bitcoin in that category.  Now if they are using the term crypto and bitcoin and making sure that they distinguish, then there should be no problem with that in terms of neither engaging in obfuscation or not fucking knowing enough to understand what the fuck they are doing (saying).



Hopefully we continue to call that shit out.  you going to roll over like a pussy and accept it?  Sure if you are not doing the interviewing then you might not be able to do much about it, but if the guest is spewing out gobbledy gook, you gonna continue to listen?  That's on you.   I will concede sometimes smart people are using foggy and stupid terms, but that does tend to be the exception.. and your acceptance of their use of such foggy terms likely demonstrates your own fogginess about the matter... rather than your supposed "acceptance" blah blah blah.


No we don't.  We can continue to call it out and assert that it is stupid to be using such a vague term, unless you are referring to vague ideas.  Now if you are referring to bitcoin then you better fucking use the term bitcoin rather than referring to it as "crypto" because only dumb fucks are going to understand what you are talking about if you refer to bitcoin as crypto and the reason that dumb fucks understand you  is because they do not understand what is bitcoin, so they just think that they understand you when they are lost.. .. snap out of it, shahzadafzal.. who fucking cares if everyone is using it... it no does not mean nuttin.


That was Elwar.

Explanation

JJG i was talking about the previous pump obviously but u seem to have a hard time to grasp what people say 

erf dogecoin and basically all shitcoins  holders may disagree if they are not dumb enough not to sell at the top even way before, anyway holding alts is a bad idea just ride and sell the daily pumps lol
And ur so wrong shitcoins always follow bitcoin/ethreum one way or another. They are just lagging behind.
But whatever makes u feel good hey

Sure shorter term BTC investors may well suffer their first couple of multi-year bear markets, if they do not figure out ways to financially and psychologically take advantage of such multi-year bear markets, presuming that they will continue to happen.

Also, your supposed non-suffering presumes that you are in dollars or what?

You seem to have no fucking plan, except suggesting getting out of BTC is going to purportedly solve your problems rather than perhaps some more interactive approaches that allow you to manage/build your BTC - depending on where you might be at in your BTC accumulation phase or perhaps you may have moved to maintenance or liquidation.... so I am having some difficulties about your presumptions of suffering, even if the BTC price might move against a mostly HODLer for a period of time that you presume to be multi-year.


What else is new?

Everyone needs to figure out these budgetary matters for themselves.  Some people believe that they can pretty much live off of the income from half a $million and others believe that they need $6million to $10million as their starting point... presuming abilities to draw perpetually at 4% per year which would be about $3,333 per month for every million of value.




Again, you are presumptuous lucky enough.  One of my presumptions is that if you cannot fucking attempt to plan around a longer time frame, then maybe BTC is not for you.

Sure, I will concede that when I got into BTC in late 2013, I was aiming for 2 year investment timeline, and even had some considerations that I could back out in a year, if I figured out that it was not working for me, but I was striving for a 2 year minimum investment timeline for my BTC investment.  Seems that I learned along the way that a 4-10 year investment timeline is much more practical these days, and sure if someone has less than a 4-year timeline for investing into BTC then they are playing a different game than I am suggesting in regards to bitcoin investing.

I am also not proclaiming that there might not be ways to invest into BTC on a shorter than 4 year timeline, but the considerations are likely to be quite different than the general approach that is considering 4-10 years or longer.

Fuck you regarding trying to proclaim that I am privileged because I got in early blah blah blah..  Each and every person has to start out at whatever time they get started, and if they are getting into bitcoin right now, they cannot be going back but instead considering their approach to BTC based on their current situation, including their view of the future of BTC.   Accordingly, I have pretty much said similar things to people regarding BTC for the past 7.5 years that I have been in, which is get the fuck started, figure out their own situation and then establish a plan that involves lump sum, DCA and buying on dips in order to reach their accumulation goals, and their proportions and particular approach is going to depend on their own assessment of their situation, and of course attempting to continue to learn about BTC along the way and while they are investing in it and hopefully tweaking their approach to investing from time to time based on their ongoing learning.




Huh?  get the fuck started now, and sure if you expect prices might go down to $20k, then sure you might want part of your strategy to account for that expectation, but you better fucking be ready in case prices do not ever go below $37,690, again (the price as I type).



Snap out of it.  No they are not.  Hardly anyone is buying BTC even though there are a lot of claims of such.  Level of adoption is still quite below 1% with a lot of stash being hoarded by either already long term existing BTC HODLers or bigger institutions and rich folk gobbling it up...



You are living in a fantasy if you believe that BTC going back to $3k.. Sure it could happen, but pretty damned low odds of even going below $20k ever again.. so likely it is way better to be planning on more likely scenarios rather than planning around pie in the sky no coiner ideations.. and sure you turned pretty unlikeable in a pretty short period of time.  Did you change accounts or you had always been a kind of dick, but just did not show ur lil selfie so much as compared to your recent participation in this thread in the past week or even less, no?  Hard to keep track of the various dweebs in BTClandia, sometimes.

This movie is pure gold

Let's not forget that Elon is basically a newb and will have newb ideas about the field. Worse, his position means that he has less motivation to do the research (and he is an arrogant fuck).

Also, just because he made a bunch of money skimming online fiat transactions and was able to use it to pay some smart people to build rockets and electric cars does not make him some wise sooth-sayer. One only needs to look into the hyperloop project to see the fallacy of holding that belief.

I don't really have anything against Musk but people need a reality check about what he's about.

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

of course he's a sneaky fella.. but on the term "crypto" i would say.. this has been a norm lately. Due to media and so called "bitcoin experts" have started calling themselves "crypto experts" and now they use the word crypto as a synonym to bitcoin and vice versa is also true. So no matter how much we hate the word crypto or crypto world ... we have to live with it.