Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5860. (Read 26716038 times)

Why the passive-aggressive NFT hatred here?
NFTs do not interfere with btc "mission" at all.
To think that there will be ONLY bitcoin and nothing else is a little one-dimensional.

That said, most of NFTs would have low value, but some would have a non-zero value.
It's perfect for smaller groups, which are fond of some project.
No different from baseball cards collection.
Again, not to have WO-NFT is a mistake.

EDIT: say, for example, that you reached some high level in a game-make screenshot, converge to NFT, keep/display in your digital collection, sell to people who have vanity.
I remember my son playing Runescape and trading various objects (swords, etc). Basically the same thing, but outside of the game.

Last few weeks' prices gave me a little déjà-vu. Kiong of Crypto.

https://twitter.com/100trillionUSD/status/1373967209765212160?s=20

Gogogogo

My contribution to the world of NFT:

https://bitcointalksearch.org/topic/selling-this-post-as-a-nft-5325734

That could be NFTs or substitute various ICOs, various shitcoins, various other schemes of the day involving various combinations of the above or some other "innovation" that deceive peeps to invest in crapola (and likely remove them from their bitcoin)...

I Did it years ago. works great

Oliver didn't like Bitcoin a few years ago. To be fair, he didn't like "crypto" in general and mentioned many other altcoins back then. John said corn wasn't worth $15k. He's right you know, it's worth a lot more now.

That is not going to work, d_eddie.

Dee broke dummy needs to make up for all the stupid shit that he did in the past 7 years by failing and refusing to buy bitcoin by continuing to engage in the same dumb behaviors.

Don't you know nuttin?

First off, fuck NFT's. They are absolute garbage and are distracting from Bitcoin.

Second, no. Bitcoin is not dead. Have orders in place @ $56.5k down to $52k $53k. Looked like I was getting close to getting at least the first order filled, but number decided to go up instead.

This is fine. Everything is fine. HODL and so on and so forth.

Acculumatorate teh corn.

EDIT: FWIW



EDIT2: Neat. Filled @ $56.5k
EDIT3: Filled @ $56k
EDIT4: Filled @ $55.5k

I am a bit troubled by your framing of bitcoiner thinking as "black and white," and largely I am not even really disagreeing with your various assessments, but something is still bothering me about the way you said it.

To me, it seems quite possible to engage in a kind of argumentation and stubborness about likelihood of a certain course of events happening, such as bitcoin either going to reserve status or going to zero, without being guilty of "black and white" thinking.

In some sense, there remains an attempt to describe a dynamic of sound money in the sense that all value will end up gravitating into it, in the event that it truly ends up being clearly and surely the most sound of money, but at the same time, how long would that take and does it even matter for many of us, if we might be dead anywhere from 10 years to 80 years from now.  

Yeah, sure we want to know the likely future direction of the asset in which we are investing some or a significant part of our value (whether time or money or both).. but in the end, there are some dynamics that a large number of us bitcoiners are going to recognize in terms of our humbleness regarding being able to attempt to predict where bitcoin might be going and when it might get there, and sure the more that we try to pinpoint both of those, the more difficult it becomes to establish both - even though maybe the stock to flow charts do a decent job of such attempt while at the same time any of us can criticize or clarify such charts as referring to price range that bitcoin might go (that does surely seem to be in an UPpity direction) rather than getting caught up on a specific price or a specific time..

And at the same time, it would seem that any honest intellectual would attempt to be open to any such price model to be capable of shifting in one direction or another in order to attempt to account for facts (price dynamics) as they evolve rather than being caught upon (or locked into) what has already happened and letting the already happen limit the ongoing tweakenings of the chart that may well be necessary, reasonable and prudent.

In other words, none of us should attempt to be so arrogant as to assert that our model, whether it is Plan B's stock to flow, or some other model is so predictive that we were able to capture the future perfectly.. blah blah blah.. what a bunch of bullshit to claim to be that arrogant, even if the chart ends up playing out as way more correct than even thought to be likely... which seems to be ongoingly happening  in regards to bitcoin.. so I am not even suggesting that Plan B invented anything new with his chartenings - but surely he was able to capture some already existing ideas and continue to play them in a way that resonates with peeps (at least some peeps) in being better able to attempt to understand where bitcoin has been and where it is likely to go (even though I will also agree that there are some peeps who have also drunk too much of the koolaide of such a chart and fail/refuse to engage in their own critical thinking, whether it has to do with the chart or otherwise attempting to better understand bitcoin and its price dynamics).



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Hahahahahaha

Homer beat me to it.

Salt Bae

https://twitter.com/nusr_ett/status/1374053922038497293?s=21

they expire on Friday, but it's not a huge deal. I have a lot of btc hodled so maybe I should have hedged with puts or something. I'm completely exposed on the downside.

Haha, same here. Bought for my wife at a few dozens of dollars below yesterday's top.
It's jinxed. I can't remember* a single occasion where i didn't buy without the price dipping within an hour later.
But as a hodler, it's bothering me like a lumberjack's fart in a russian forest.

“Time to buy: Gold slips; 22K price falls below Dh200 in UAE”

So apparently if gold price drops it’s “Time to buy”... but if Bitcoins price drops then it’s a bubble. Wow thank you so much media.

https://www.khaleejtimes.com/business/markets/time-to-buy-gold-slips-22k-price-falls-below-dh200-in-uae

Edit:

Would like to add this quote here from John Oliver’s last night show

“Lies go down easier when you want them to be true”

How about you buy some, hodl it some, and call it a month?

O.k. It seems that we largely agree about what we see, but surely have differing ways of attempting to describe it and also differing ways of anticipating what remains probable, possible and/or likely to happen next.. and yeah, none of us have a crystal ball exactly, but it does remain important to consider both macro circumstances in which ongoingly peeps (including new ones) are getting into bitcoin (retail, already richie peeps and institutions) and also that since about September the "banana" or whatever you want to call it has been "happening."  So, yeah there might be a number of days or weeks or even close to month gaps between each time that king daddy has been touching upon new ATHs (starting since about November/December).

So, yeah, it seems important to consider when the last time an ATH had been reached and surely are we going to have another ATH soon^tm.. or are we going to coil for a while before attempting to strike the ATH again. or are we going to trickle down for a bit and have a correction...

So, yeah, I will also quibble with you a bit too Phillip in regards to your using $43k as a kind of measuring point in terms of the "range" that we are in, currently... because sure, at one point $43k was a place that we had needed to break above but we clearly broke above it about 6 weeks ago, and whether that price point really has any significant meaning at this time, besides being pulled out of your ass (hahahahahahaha), seems to remain a question future happenings rather than something that is actually grounded in the current dynamics of our lil king daddy fiend.. sure something might happen in regards to $43k... but something might happen in regards to $20k, too.. .. but still $20k seems to have about as much important as your seemingly randomly selected $43k.. in my humble bumble opinion.

By the way, I will admit that my use of $52k/$53k as the bottom of our current price range may also seem a wee bit random, and sure such range (or bottom of the current range) does seem to me to be a bit of a moving target, and likely more measureable from how far we have gone UPpity and how fast we have gone UPpity rather than attempting to measure from where we had been and whether those earlier price points might be relevant at this time.. and yeah we may well come to differing assessments regarding relevancy of earlier price points that we had crossed and the way in which we had crossed those earlier price points (suggesting whether there might be some kind of need or compelling inclination to retest them once BTC's price momentum starts to go in that direction).

To me, it does seem that when we are at the top of any price range that we happen to be in that is making new ATHs on a fairly regular basis, then anything less than around 15% price corrections (calculating from whatever latest ATH may have happened to hit) seem to be largely noise.... and going beyond 15%, such as going to $43k (which is 30%-ish) seems to be somewhat random in terms of whether BTC is likely to correct to that particular level or some other level, and surely historically we have seen all kinds of percentages of corrections that do not necessarily magically hover around 30%, even if that might feel like a nice random correction level to select.. but in the end, we could get a price correction that is anything from 15% to 60% and then end up hovering somewhere in the middle of that correction area and not even hovering at one point before dee kingie either decides to resume UPpity or decides that there is not enough buy support to keep it going UP or to even keep it flat and we end up in some longer period of DOWNity (or flat that is somewhere within a much greater than 15% correction place.. and perhaps in a 30% or even ending up in a greater than 50% correction area).

Of course, currently, many of us are considering that any BTC price correction greater than 50% is not very likely in the coming 3-18 months (apart from a flash dip).. given the ongoing macros and other factors already mentioned... so yeah, 30% may be a fair round about range to consider.. even though seemingly somewhat random in terms of attempting to figure out 1) where we are at, 2) how we got here and 3) where we might end up going, somewhat based on the first two.

Probably I have ruffled you enough for now.. hahahahahahaha.. #nohomo

I bought more calls so naturally its get to the choppa time. what a joke

Is Bitcoin dead?  Should I just turn it into an NFT now?

If you bring up #NFTs in this topic one more time i am ignoring you!

Yeah.. That was the "dumb boomer" part of what I experienced listening to it.   And frankly I pretty much hate the whole boomer bashing culture of BT etc.  But while he seems to be stuck like a broken record (yes, vinyl) on the whole 'why can't I make my own bitcoin' thing, he calls Saif out every SINGLE time he frames things in a completely black and white manner.  Saif might be the pinnacle of the sort of black and white thinking bitcoiners are famous for.  And of COURSE bitcoin creates black and white thinkers.  It may be the most black and white thing we ever see in our life.

But how can Kyosaki be so prescient and so dumb at the same time?  I do not think he can.  Triple digit millionaires do not get there by accident.  Anyway.. this whole cognitive dissonance is what threw me for such a loop with this podcast.

I am a keto bitcoiner.  So criticizing Ammous for his polarity is maybe a bit hypocritical.  And the crazy thing is... Bitcoin *IS* a binary bet.  Still. It's just the odds are swinging crazily in favor of the corn.  And all the "toxic bitcoiners" are right.  But this is also costly, even if it is a correct framing.

I really cringe at all the #HFSP type of positioning intelligent BTC'ers display.  But perhaps that is part of being GenX?  I am half boomer, half millennial basking in the warm glow of the corn.

I suppose I can only expect some tension.  Luckily I am being constantly enriched in the process...  lol whatever (the song of my people).