Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5565. (Read 26607594 times)

and you carrion-devourers are deplorable.
i'm not vegan btw.

Seventh option:  Satoshi is nullius - spreading misinformation on the WO thread


You seem to be reading too much into the situation.

Maybe if you buy some coins and figure out some kind of meaningful BTC accumulation strategy, you will be able to speak from experience rather than hypothetical detached bullshit that does not really have any meaning beyond your wanting to say something that might happened to appear like it means something.

"Scientists say ... " the most abused phrase the media scum use to push political agendas...

scientists say all kinds of things, much of it bullshit like any other human ...

I'm an omnivore that can enjoy a nice filet mignon, beef carppacio, and a steak tartare once in a while, but calling my food pets, giving them names, then having a ceremonial funeral with a picture on the 55" while you consume their flesh sounds like some messed up sacrificial woodoo ritual. Hey why not start them early as kids get old enough to hold a knife force them to slaughter their favorite pet they bonded to the most, that way the lack of their nutrient deficiencies would be the last of your worries    

Nah, it is 300, then 60 as bitcoin typically goes (-80% or about).
60 might sound insane at 300 almost as much as 300 sounds unbelievable now.

OT: since people are posting temp graphs...it is a distinct possibility that we are going into a solar activity minimum, Dalton-like almost guaranteed, Maunder-like is possible. If so, temp will decrease or remain subdued for what could be 40 (Dalton-like)-70(Maunder-like) years. Hopefully, south-east TX would become a bit colder/drier  .


https://www.downtoearth.org.in/news/science-technology/cold-comfort-the-sun-is-cooling-doesn-t-mean-there-ll-be-no-global-warming-73488

source for that lack of ram?

Possible you misunderstood that line, maybe lost in google translator.

The process of fermenting milk into yogurt means that lactose intolerant people can then consume the milk.
Yes Asian people are lactose intolerant, the whole point of that line.

Reminder: don't trust password managers...

Backdoored password manager stole data


Also: antivirus software is useless. What a surprise.

I would not write off this particular dip as to being over, yet... even though it may well be.  Who knows?


A drop from $350k to $250k would ONLY constitute about a 29% dip, and that just seems to be pie in the sky if you believe that bitcoin goes from a history of having several 85% or more dips, to no longer exceeding 30%.. just seems ridiculous, especially when we have some pretty decent ideas (and information) that the concept and practice of FOMO has neither disappeared from bitcoinlandia or any of the spaces that frequently are associated with it (shitcoins or whatever)...

So if we concede that FOMO is still likely to exist in this space, it seems unreasonable to expect one direction without the other - no matter how bullish are the fundamentals and the blah blah blah.  FOMO in either direction (might be called correction on the way down, but whatever) remains a product of both amount of price movement and how much time it takes to get there.  So, sure if there is some taking of time, then it is likely that no blow off top will be reached, but whatevers, I will believe it when I see it rather than assuming that it no longer exists because it has been nearly a year since I have seen it.   

Sure, I can appreciate less volatility with the passage of time, but going down from a history of frequent 85%+ drops to no longer being able to achieve greater than 30% seems way too pie in the sky from my humble bumble opinion.



We will act like you did not say it.


Probably true.. but never say never.   

My favorite T-shirt bore the slogan "Meat is  ̶m̶u̶r̶d̶e̶r̶  dinner.

"Global Warming?" .... it's not really working, just more broken down socialist fantasies like taxes are good


https://www.drroyspencer.com/2021/04/an-earth-day-reminder-global-warming-is-only-50-of-what-models-predict/

Not getting into the Carni/herbi/omni/vores argument, but can't help but draw parallels between your year 2000 argument and people McAfee saying that BTC will hit $1MM by 2020, so since it didn't happen in 2020 following your logic BTC must be fake too??

mmmm asparagus

Due to grass fed beef taking 30 months to maturity instead of 18 months on an intensive system.

The emissions are from methane - cattle belch a lot - they are basically living fermentation vessels.

The organic stuff (shit) that they return to the soil locks up more carbon than than the effects of the methane.

What else you going to do with hills with thin often acid soil where you will not grow carrots or lentils.

Those beautiful grazed landscapes you see from the highway are not there by chance.

PS we are still coming out of the last Ice Age, and Earth would be warming up, albeit at a slower pace, with or without human activity. By reducing greenhouse gas emissions we can definitely slow this process but not stop it.
Global cooling would be more catastrophic, check out how far the ice sheets extended not that long ago.

49k 50k 49k 50k 49k 50k

No disrespect to anybody living in a city or especially to you.
I know by your posts you appreciate fine food and can see in your great photo a man who lives well.
Just that lots of folk are very lacking in knowledge about where their food comes from.
Lucky you getting a taste of that fine ethically raised steer.

No hate for vegans just pity for them and more so their children who unless their diet is very well formulated will suffer from nutritional deficiencies affecting their neurological development.

A very long time ago I spent a year in Kerala India, as the majority of the population being Hindu do not eat meat nor did I. But the diet of fruit coconut brown rice and vegetables lentils beans with home made yogurt which provides long chain protein is sound keeping them healthy. The process of making milk into yogurt also prevents them getting ill as many Asian people are lactose intolerant, losing their ability to make lactase after weaning.
The first steak I eat after this period was fantastic but gave me diarrhea, sudden change in diet.

I owe a debt to you in encouragement to continue accumulating bitcoin by your constant posts with reference to " just been down to the ATM, purchased more Bitcoin"

Happy days all round.







 

...and you vegans are fucking hilarious. 

I am having doubts about whether it is worth the suffering to battle around about subjective versus objective evaluations of dust... so I will not challenge your characterization at this time, but I am not going to waive my right to bring it up later, especially if it continues to wear upon my consciousness..  


Well, if you are talking about frontloading in around 2015 when the BTC price was bouncing around in the mid $200s for much of the year, then surely, that would have been a decent frontloading time, but there were so many of us who were considerable scaredy kitties during that time, and I am not even going to exclude my little selfie from such group - even though I continued to buy bitcoin during through out 2015 with reasonable spare extra monies that I would get in my cashflow.

I mentioned the story before that I had some pretty considerable cashflow interruptions in early 2015 that considerably stiffled me from buying any BTC  from about mid-February 2015 until about May 2015 - and even after May 2015, I continued to suffer some decent stifling, even though some of the more emergency matters had been resolved - and that was not even really related to BTC in any kind of direct way - even though there could be causal claims to suggest that the overall BTC matter (and my approach to BTC leading up to early 2015) did not really help my abilities to deal with my early 2015 emergency situation.  

But anyhow, once my cashflow began to resolve itself somewhat by mid-2015, I recall that sometimes I would have some cash flows of $20 or $100 or other varying amounts that would come in, and pretty much within a day or two of confirming that those cashflows had hit me, then I would purchase bitcoin with half of it.. hahahahaha.. those varying ongoing relatively small BTC (or would it be sats) stackenings did end up allowing me to add something like 8-10% (depending upon how calculated) to my BTC stash during a period in which my cashflow was somewhat challenged.

Another thing, for me, personally, even though I did some frontloading in my vary early stages of investing in bitcoin in late 2013 and going through 2014 - there ended up some later advantage in terms of my holding back on some of the frontloading and creating a 6 month budget (early 2014) to attempt to spread out my injections of fiat into bitcoin and then the next 6 months having another spread out budget (late 2014).

My conclusion still remains that whether we are talking about 2014 (when BTC prices were dropping) or 2015 (when they are largely flat and bottoming out) or even 2016 (when they were recovering), we could not really know exactly when would be exactly the better times to emphasize frontloading, buying on dips, dca or whatever because there might have been confidence in 2014 - but the damned BTC price kept dropping through the whole year.. and many of us had hardly any clue in 2015 (besides some hunches) that the bottom was mostly in, and even the recovery of 2016 may well have contributed to reservations about if there might be some better time in the future to buy bitcoin rather than buying as the BTC price was largely recovering through most of the year - looking in retrospect, we can see those matters.


Yes, it seems that I can mostly see your point, but even your factual representations can raise other points.

Seems that your points in regards to actually materially knowing that you have higher wealth increases your options including your ability to leverage the value of your BTC stash in some kind of way, and it may not even matter so much which stage you are in, but instead how much profits you are in that might cause you to feel some freedoms in cashing out some BTC and having some flexibility in regards to if that ends up being a long term cash out or a spend and replace kind of situation.

So there could be other ways to frame the matter, even if you might be just considering the whole thing in a kind of way that you have been liberated in pretty damned solidly measurable ways - even if you have not gotten to "fuck you" status, yet (which there are likely levels to fuck you status, as well.. entry level fuck you status and also the kind of fuck you status in which you are manipulating various systems around you).


Fair enough.  Of course, there are using third parties too, such as exchanges, and we recently had the turkey exchange example, and of course some folks might experiment with new kinds of wallets (whether lighting related or otherwise), and sometimes there can be confusions that result in lost coins when experimenting with aspects of what bitcoin might be able to do or some limitations - and some easier solutions - and maybe even fear if too many coins might be held in one place, so there could be desires to store coins in a variety of ways, which also could end up on lost coins for some folks.. perhaps?


$10k is old newses.. you have to keep up with the times, and going up more than $200 per week now.. and it is around $11,400 - as I type... so yeah I agree that anything below $30k is likely not going to last too long, even if we go there, but I still find the 208-week moving average to allow me to attempt to be realistic in terms of how far the BTC price could go.. and likely also allow me to not give too many fucks, even if I am spending some BTC, because most of the time it is going to be above (and not even close) the 208 week moving average - and also I was really feeling $5k as a kind of point that causing me some hesitations - and sure we are not too likely to go back there either.. so I just feel liberated to do what I want, even though I cannot deny that i still engage in some strategies to attempt to time the waves and to sell as the price is going up and to buy as it is going down, to the extent feasible (and it does not get too much in the way of what I want to do).


Yep.... that's part of the point, too.  The longer we are in, seems the more likely that we can make these kinds of assertions, whether we are considering lower numbers and saying our profits are 4x (from what we perceive as the bottom) or 2x or some other way of measuring the comfortableness of what we might be doing in terms of selling a bit extra and whether we feel compelled to attempt to buy back or not.


There could be some psychological symbolism going on there, and it becomes a kind of whatever floats your boat situation because if your overall profitability of your BTC holdings is in the 80x to 160x territory, there may be nothing meaningful happening beyond the symbolism.

Surely, we can measure great differences between even someone who is 10x or more into BTC profits and decides to take out his initial investment capital as compared with someone who might be way less, such as less than 5x in profits - so if you were to be ONLY 5x in profits and feeling some compelling need to take out your investment capital, you are depleting your BTC holdings by 20%, and sure that could be all fine and dandy with some folks to feel that they are not going to lose, even if BTC goes to zero, but it could have some meaningful negative impact on when they are able to pull the fuck you leverage when they have 20% less capital working for them at time 1, but then at time 10 there could have been considerable rippling effects of that 20% that had gotten pulled out that could have ended up having had caused enough of a cushion to feel comfortable pulling the fuck you lever at time 10 rather than having to wait until time 15 or some other inconvenient times, assuming that we hold all matters constant and there might not be any difference in the value in how much older a person may have become between time 10 and time 15.



Yeah.. I am not really sure when that feeling of cushion really kicks in, even though you are right to outline it as a kind of relative term, and also you made some implication that it could differ from person to person.. but some people might need to be in 3x to 4x profits before they start to feel the cushion.. or even 2x on an extreme drop.. Let's say, for example, your average cost per BTC is around $4k (which I know that I am kind of implicating the mindrust situation here), when BTC prices were dropping in 2018, 2019 and 2020, there was never established any meaningful level of confidence or assurances to the extent that such person was in profits, and sure I am not attempting to provide any excuses because each of us knows about strategies to continue to stay in the game rather than getting scared out because we want to retain profits by cashing out at $4,500-ish which is ONLY about 12% profits.

So far in Bitcoin's history, there has ended up coming a time for those of us with patience in which if we continue to buy, even if our costs might end up going up to $10k, but then we start to feel assured that the even the worst of the bottoms are still going to likely be at least 2x of our costs, so we are still in profits, and we can imagine (some of us more concretely than others) that the longer we stay into BTC (presuming some kind of ongoing BTC price appreciation in the long-term, even though scary ass times in the short-term) that profits get to be so, including that the extremes of the bottoms that we can reasonably project become so much
 or so distant that we hardly give any shits.  

So for example if our costs are less than $1k, then we attempt to imagine the worser case scenarios, which I had early mentioned that I was concerned about $5k as a kind of point of concern for me.. so imagine that my profits are only 5x at $5k (presumably bottom).. so then bottoming out amounts above that amount do not have much of any kind of concern, as you mention because if we bottom out at 20x above profits or 50x above profits, and sure 50x is better than 20x or 5x, and so far with the passage of time, in bitcoinlandia, we have been able to witness with the passage of time, the threat of the ONLY having 5x in profits becomes a further and further distance, and we end up becoming somewhat cocky because of our having such a great cushion in the value of our stash.

Now, I am not even suggesting any kind of panic or radical moves when profits are less than 10x or less than 5x are getting to be below 2x, but we still are likely to be more stressed and even having to engage in buying and accumulating and HODLing tactics when the size of our profits are approaching those lower numbers - which becomes more likely ON greater corrections, and so far in bitcoinlandia history has been coming up less frequently with the passage of time and the longer that we are in bitcoin as long as we do not panic and do too many dumb things along the way, including the mindrust situation... that seemed to have a few dumb things that set him up for such panicking - again not trying to excuse him too much.


I think that we might still become a bit uncomfortable with some of the drops, but you are right that the drops are less concerning the more profits we have..  and I think that even if many of us might not really be materially affected if we shave off some profits at $47,500 versus shaving off some profits at $65k, but it does feel better to be selling (shaving off some profits) if the BTC price is either stable for a considerable amount of time or that it had been going up for a while and then we are able to shave some profits somewhere between $55k and $65k rather than somewhere between $47.5k and $55k - just saying.


Yep.  Through experience (and giving quite a bit of thought to the matter - and maybe I heard some other peeps making similar comments to what I was starting to believe), in about 2016, I learned to appreciate that there is a difference between allocations that are based on investing into the asset - and allocations that come from price appreciation.. so it does seem that those who are anxiously reallocating (including some funds that are required to engage in such frequent reallocations) are likely disadvantaged in comparison to individuals  (such as us) or even smaller institutions who have more flexibility to allow their winners to ride.


Exactly!!!  Makes it much easier to NOT spend your bitcoin, even though sometimes it might feel as if those seemingly BIG ass reserves of fiat are not really working for you, but still seems to give options.. even if they are not really earning anything and are likely depreciating in value (but even the depreciation of value of such reserve fiat may well be off set by appreciation (or likely) in BTC value with the passage of time).


I think that I do that too.... These days - or the more that I am in profits, cash flows come in, and I do not feel any compelling urge to put such cashflow in my BTC investment fund, and just have such extra cash as available to spend as I wish... that way I do not really have to spend any BTC or worry if I buy something out of petty cash that might cost a few thousand dollars (even though like I mentioned in 2015, I would buy BTC with half of any cashflow that were to come in.. so $20 comes in and $10 gets spent on BTC.. and my then girlfriend would laugh at me as if I was being petty, blah blah blah).. and I wonder if she has any BTC right now? She was not a bad peep, we just seemed to have fallen out of touch, for some strange reason.  Go figure ur lil selfie.  

OT: Such a tragic demise
“The Missing Indonesian Submarine Located With 53 Crew Members Dead”

"With this authentic proof, we can confirm that KRI Nanggala 402 has sunk and all of its 53 sailors have died on duty," Tjahjanto told a press conference. He continued by noting that it appears that the ship had cracked into at least three pieces.

https://interestingengineering.com/missing-indonesian-submarine-located-53-crew-dead