Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5645. (Read 26608018 times)

There she blows!!! New ATH Gentlemen.

Please homer, never be out

I have send you a maximum in 50 days, hope another WO’r gonna make you HERO soon

I hope no. what is ATH by the way $61,680?

Finally on the move or are we going to get another rejection near ATH?

When inflation really starts to hit..... https://www.theguardian.com/world/2021/apr/13/turkeys-economic-turmoil-drives-bitcoin-frenzy

So we get all this bullish news for weeks including the latest thing about people getting paid in BTC, Time etc but the price hardly moves?

At this stage we could see Joe Biden tap dancing towards a press conference and do a rap:
"Buy Bitcoin ya'll it's the best there is,
The dollar, it's just a bunch of piss,
That Yellen bitch, man, she got fired,
Anyone who likes Bitcoin, yup he is hired,
Buy Bitcoin yo! yo!
Buy Bitcoin yo! yo!
I like them young girls and have a sniff
They make my penis go all nice and stiff - say what?!
Buy Bitcoin yo! yo!
Buy Bitcoin yo! yo!
"

He puts on his shades and summersaults out of the room.

And the price would still hover around $59-61K

There is no such thing as the broad term that you are making up, and just because other people use such stupid-ass vague term (such as in the mainstream media or some shitcoin forum), we do not use it in these here parts (such as this thread) -unless we are ridiculing the idea.

In other words, it is better to specify what you are talking about in terms of bitcoin.. which I suppose you did in your responsive post.  


I don't know why any other cryptos (besides bitcoin) need to be discussed here.  Just talk about bitcoin or matters that relate to bitcoin. That should keep you busy enough, no?  And if the subject that you would like to discuss does not relate to bitcoin and it is some nonsense thing trying to act like it is bitcoin, or it is some vague amorphous concept that covers shitcoins (suchas the term crypto) then talk about that in some other thread....

In any event, if you are able to figure out what differentiates bitcoin from various shitcoins, then it might help to clarify your thinking on the topic bitcoin and you will not feel such a need to use vague words, such as "crypto", perhaps.  Of course, there are various other projects and layers that are built upon bitcoin, and if you are referring to any then you can just say it, otherwise, what is wrong with talking about whatever it is that you want to say in terms of interbank settlement in terms of bitcoin?  

I doubt that anyone is going to disagree with the concept that bitcoin allows for the keeping of honest of other systems whether referring to banks, or transfer agencies or even governments.


Fair enough.. The dollar is likely going to rule for a long time.  I know that some people believe that bitcoin is going to all of a sudden take over as reserve currency, but the dollar is not going down without a fight, and many of us know that bitcoin is the much better investment, except maybe proudhon has not gotten that memo yet.


Yes... slowly and then suddenly.. yes it could happen, but I would not count on it happening, even if it could.

And bitcoin is successful as fuck whether it becomes world reserve currency or not.. and in fact, we can all differ on our projection of timelines about if or whether bitcoin will become world reserve currency.. while at the same time, many of us have been investing into bitcoin because we recognize it as the hardest of monies, and of course, gresham's law is going to suggest that a lot of people are going to be figuring out that they spend their less valuable monies first and so sure in that sense value will continue to gravitate into bitcoin since bitcoin surely seems to be the most sound money/asset that the world has ever seen... whether it is 10x 100x 1000x or greater than gold will be shown over time... gradually and then suddenly.. but who knows when the suddenly part will come about?  2 years ( I doubt it) 10 years (still not too likely).. but sure in one, two or three more cycles, it is becoming way more apparent to more people about bitcoin being a great place to store value, even if it seems that the BTC price has already gone up a lot.


Fuck ethereum and the various other shitcoins that you have failed to name (and likely good that you did not.. maybe you believe that NFTs have value, too?  yeah right.    ).  

Anyhow believing that ethereum is even comparable to bitcoin is where your logic is all fucked up if you believe that any of the shitcoins have much if any sound money features, even if they happen to be performing better than the dollar currently, but there is not going to be more than one sound money.. and ethereum does not have a chance against bitcoin and nothing else is close either.. so maybe it takes 5 years to 20 years to 50 years to figure it out, and in the meantime you can fuck around with ethereum and any of your other shitcoins that you believe to have sound money features in some other place.. because they are smoke and mirrors.. meaning that there is no there there, and they are just hanging on the coattails of bitcoin (or would it be sucking of the teet of bitcoin) whatever.. so your desire to use the term "crypto" shows that you do not understand the difference that bitcoin provides including that proof of work was an actual invention that no other coin has been able to imitate...



Well, at least you are using the correct unit of account, for the moment.

Yes, that is my point indeed. I use cryptos as a broad term here. The point is that USD is no longer the only reference currency, and yes that is where Bitcoin fits in, as a store of value and an interbank settlement tool (probably needing upper layers). That would be the relationship between BTC and my loose use of the word "cryptos".

Why is USD currently ruling international finance? Because so many systems use it as a reference currency. If the world starts to perceive bitcoin to be as strong as (or even stronger than) the US Dollar, that reference currency could shift rapidly towards bitcoin. And the same applies to a lesser extent to ETH and maybe some more cryptos.

Just my 2 statoshis...

Do the points of your post have anything to do with bitcoin?  I hardly have any clue regarding what you are talking about and whether it might somehow relate to bitcoin.  Do you mean that bitcoin is going to be used as a way to settle transfers between banks or other kinds of money transfer agencies because it is more trustworthy to use?

if you are using the term "crypto" then maybe you want to talk about ethereum or some defi or some other bullshit, and you believe that anyone is really going to want to rely on that crap?  unless maybe it is a second layer on bitcoin, then maybe there might be some reliance on such systems not fucking up your money... might be helpful not to use that stupid-ass term, and try to fit bitcoin in your analysis in order to attempt to clarify what you are talking about exactly, and if you are not talking about bitcoin or something bitcoin related, then it would be better to take that discussion to some other thread because we be interested in bitcoin in this here thread, if you had not noticed the title of the thread... The title does not have some amorphous bullshit term such as "crypto."


What is crypto?  Is it related somehow?

This is actually a pretty interesting read, thanks for sharing!

Looks like 2021 is really the year of cryptos going mainstream

Not sure anyone has posted this yet but seems TIME magazine has also decided to buy into BTC

https://decrypt.co/66263/time-joins-tesla-keeping-bitcoin-balance-sheet

No, no, no Jimbo. He is a philanthropist.
He's also the most ruthless businessman alive.

How does this combine? Magically, but WHO cares.

---

Just another day for the Vaccine Observer.

How could you NOT have cash if you supposedly sold a decent chunk of BTC at just above $50k.. something is not adding up here.  Presumably your BIG chuck of BTC sales just above $50k would have been enough for a car., especially since you said that you will not need to make any more BTC sales for a long time. .blah blah blah.


Too bad that you ONLY bought a few bitcoins, you cheap bastard.   

We already talked about some peeps who like to brag about their low buy-in prices, but they ONLY bought a small quantity and then just sit on it for the whole time.. sure it could work out fine, but it also could have worked out even MOAR better to continue to stack sats... bringing UP your average BTC buy in price, but also increasing your BTC stash, too.


I think that there are a variety of scenarios, but one of the ongoing scenarios that I like to poke fun at are those who do not adequately pee pare their lil selfies for UP by not buying enough, waiting for the price to drop and it does not drop, selling too much too soon.  I was not referring to potential inaction scenarios, even though those might be problems too, especially if the BTC price ends up correcting severely and then the person had failed to take profits on the way up..., and end up getting fucked (and perhaps salty) because the BTC price corrects much more than he expected.. perhaps 30-40% or 50-60% or sometimes even ends up correcting greater than 70% and such person is whining the whole time because he failed/refused to take any profits after 10x or 100x or some other variations of returns.

This speaks to me.

I don't disagree with anything you are saying, AlcoHoDL, and maybe in time 1, I might frame matters in a certain way, and then in time 2, I will frame matters in another way that might say the same thing but emphasize differing parts.  I mean there can be a kind of conviction, but then a kind of luck too.  I mean there is luck to having an ability to spend time reading pie in the sky articles about some concepts that are going to change the world and actually have that resonate with you.  I remember so many people telling me that I needed to read the whitepaper first, and I cannot even recall if I read much of it because I would start to read it and then get caught up in some of the maths and sciences and get confused and then just see what others said about it, and thinking that sounds right. 

I don't tell too many people that the first 1.2486 bitcoin that I bought, I transferred 1BTC to an exchange and I believe that I bought .84 BTC worth of a variety of altcoins (the 8 that they had at the time in equal fragments). Those things are now called shitcoins, but whatever, I was trying to learn by actively participating, so I can relate why folks gravitate towards trying to learn about other projects, even if they might mostly focus on bitcoin (including yours truly and including that I just have become less and less receptive towards those other projects - but maybe i am lucky in that regards too.. that I already was pretty well off in terms of my other investments, so I thought that bitcoin was risky enough without going further into risk upon risk upon risk upon risk.. and I am thinking that there is a bit of luck in that rather than any kind of meaningful smartness coming from me).

Yes, a kind of hail-mary pass to invest , but it still took me about another week to get my BTC stash back up to 1.2486.  I made a whole bunch of BTC buys.. small ones within a pretty short period of time because I was playing around and learning and also I had given myself a 6 month budget that I divided by 26 to have weekly budgets that I tried to stay within with my bunch of scattered and somewhat random ongoing purchases of small quantities.

And think about your first reading list in November 2014, but then your decision that you must buy right away, but it took you until Mid-2015 to actually act.. you lucky bastard.  I had already been buying all the way through 2014, but you were beginning to buy in 2015 when the BTC price was mostly between $200 and $300 for most of the 2015.. maybe mostly in the mid to lower $200s.. like $230 to $240 for quite a long time in 2015.

Think about it too.. from building up a stack of BTC, but still having some uncertainties along the way, because face it, if we actually had conviction, we would have sold our houses (or whatever) and put it all into bitcoin.   I was not going to do that because I was not that convicted, and I just did not want to have all my eggs in one bitcoin basket.  Even in late 2014 (maybe around August or September when BTC prices were in the upper $300s for a considerable amount of time, I was considering cashing out about half of my 401k and putting it into bitcoin, which would have largely doubled my BTC stash.. and I just could not bring my lil selfie to do it.  I felt that I had already put enough into bitcoin, which was then getting close to 10% of my quasi-liquid investments value.. and I was thinking that was enough... lucky or smart or whatever.. it still worked out, and I have no regrets - even though perhaps I may have been even richer if I could have managed all of that good enough NOT to lose them in my early 2017 sim port hack that took a decent quantity of my coins... maybe I would have lost more?  Don't know?  Don't know.  Maybe it would not have mattered.?   I feel lucky that a very fucking size-able loss of BTC hardly ended up making much of a difference in my overall wealth because BTC's appreciation more than made up for the loss in a relatively short period of time.. was that lucky or what (maybe unlucky too, depending on how a guy might look at the matter?).

Some of the coincidental smartness too, came with work and just an ability to have time to ponder on the bitcoin topic rather than maybe having some other daunting situation that I would have had to spend my mental powers.. seems like a kind of luckiness.

The phrase "Don't tase me, bro!" has just taken on a whole new meaning.

Nothing. Only common sense. -> Out of context reporting by lamestream assholes.

Reporter interview: "Do you think there could be crackdown on crypto usage."

Powell: "Well to be honest there is very little illicit usage when it comes to crypto..."

Reporter (*cuts off Powell*): "Yeah but do you think there is going to be crackdown on crypto usage?"

Powell: "Listen Jim, there is very little illicit usage when it...."

Reporter (*cuts off Powell*): "Yeah but do you think there is going to be at least SOME crackdown on crypto usage?"

Powell: "Well sure, there COULD be SOME crackdown on illegal accounts and ensuring AML / KYC procedures are followed so that...."

Reporter (*cuts off Powell*): "Do you think an identity check on private wallets for transactions over $3000 hurt crypto?"

Powell: "Something like that could really hurt crypto and kind of kill the original use case, which was to just make financial services accessible to everyone....."

Reporter (*cuts off Powell*): "Ok thanks, that's all I needed to know. Bye."

https://www.cnbc.com/2021/04/12/bitcoin-kraken-ceo-jesse-powell-warns-of-cryptocurrency-crackdown.html

Ugh.  I will say that as much as I see Powell as one of the good guys, I have also always seen him as sort of looking upon the US with some distaste.  I thought it was meaningful that his exchange originally seemed to be preferential towards EUR/BTC pairs instead of USD.  Nothing wrong with that, obviously but I feel he was showing his hand a little.  The idea that the US would be too backwards, or crooked would fit what I feel like his narrative is.  But that is compete conjecture, and I also think he could be right if so.

I wonder what he knows?