Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6066. (Read 26713348 times)

legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
500 btc to 59k @stamp?? only 500...

'Only'?

500 btc is serious loot these days.

The Monley Fool just bragged they bought 100 btc. Smiley

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
That's what Ochs did with the Times and Franklin did with Poor Richards' Almanac: Provide consistent quality information that you pay a subscription for. Hearst knew the value of shock crap news, thus came the "penny papers" where you only paid a penny but each day the news had to sell itself to your tastes. Thus salacious crap (Remember the Maine!)

Unfortunately on the Internet the penny paper model won (ad based articles) so the ones that make money are not based on accuracy but on salaciousness. In that world yes you have to research every news item to death.

Personally I prefer to outsource that to a reputable company. Sometimes even those reputable sources can be corrupted by ad revenue and shock jock crap (hello Wall Street Journal, what the fuck happened). And here we are....

I believe the dependence on advertising also affected things. When you lean almost copletely on advertising, your numbers become important at all costs. I believe most papers only charge to prevent people from using them for fuel (obviously not an issue with internet-based platforms).
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon


99 500 bitcoin millionaires Smiley
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"

They will surely missed it and they're the one who's been fooled. Who's next?

lol funny. All they've done for the past decade is spam B's search results with "I wouldn't buy Bitcoin, I'd buy such and such shitty stock instead".

They still mentioned bitcoin as a long term HODL.. and maybe paralleling the rational that Michael Saylor has been providing to the space in terms of his intended BTC investment timeline and purpose for investing/hedging in bitcoin to preserve value.

i actually just put in sell orders that are over $100,000/coin. felt odd kinda - almost surreal - thats like something i didnt expect to do for long time yet (least year or maybe two i figured soonest).

Haven't done my sell orders above $100k, yet... but surely feeling like I need to do them soon... I might wait until we get into the $70ks.. even though I appreciate that UPpity BTC price moves could well happen quite quickly, I am still also considering some varying other matters that could affect my choices regarding both the increments and quantities of such supra-$100k sell orders, and I frequently prefer to not have to redo my orders (in either direction) once I set them.. absent some kind of surprise happening that might cause me to feel like I need to engage in such redoings.  

By the way, I may have to reconsider my BTC buy orders, too... currently they are set at $1,000-ish increments, and it may well service my psychology and finances better to put them at $1.5k-ish increments in the near future..   got that floating around in my head, too.

Bill Gates = neutral on bitcoin. Still doesn't like it, but he is on record saying he is not short on bitcoin, nor does he have any (and Microsoft too, does not want to invest at this time.) Gates is no longer on the board of MS.

In recent times, there have been a decent number of bitcoiners who have been arguing that anyone who fails refuses to take an adequate stake in bitcoin proportionate to their wealth are effectively short on bitcoin, so sure those kinds of assertions are quite provocative, not only in the sense of the concept of "what is being short" but also the concept of what is a reasonable stake.  I personally continue to assert that from a starting point, 1% to 10% would be a reasonable stake, and surely such stake could be adjusted upon studying the space and studying one's own personal circumstances - and surely, I have also asserted that anyone with a less than 4-year investment timeline should end up either skewing in the low end of my recommended starting range and may well be the ONLY peeps who might be justified in NOT investing in bitcoin - even if lower ends of the investment range could still be justifiable and prudent, even for someone with a shorter than 4-year investment time horizon.
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
FULL DISCLOSURE: A sell order has been placed at a price target. Looking to officially take some profit to give us liquidity to start building on the land ASAP.
legendary
Activity: 3122
Merit: 1538
yes
LN is here [...]

I am playing around with LN via custodial wallets. It's only small potatoes and custodial really works easy. Your mum could use it once she practices a bit.

Whether it will be LN or something else, the free markets will find a way to make Bitcoin roll like water out of our mobile wallets. No doubt.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Bill Gates = neutral on bitcoin. Still doesn't like it, but he is on record saying he is not short on bitcoin, nor does he have any (and Microsoft too, does not want to invest at this time.) Gates is no longer on the board of MS.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
Now if we could just all Average Joes to treat every article they read with suspicion first, then verify (or not), they'd get a lot smarter and more savvy.

"Don't trust, verify."

Gee, where have I heard that one before?

This is exactly why subscription based news is superior to penny papers: You select a news source, PAY FOR IT, and if it turns out to be crap you cancel the subscription and buy a better quality news source.

That's what Ochs did with the Times and Franklin did with Poor Richards' Almanac: Provide consistent quality information that you pay a subscription for. Hearst knew the value of shock crap news, thus came the "penny papers" where you only paid a penny but each day the news had to sell itself to your tastes. Thus salacious crap (Remember the Maine!)

Unfortunately on the Internet the penny paper model won (ad based articles) so the ones that make money are not based on accuracy but on salaciousness. In that world yes you have to research every news item to death.

Personally I prefer to outsource that to a reputable company. Sometimes even those reputable sources can be corrupted by ad revenue and shock jock crap (hello Wall Street Journal, what the fuck happened). And here we are....
legendary
Activity: 3794
Merit: 5474
Quote
Briefly stated, the Gell-Mann Amnesia effect is as follows. You
   open the newspaper to an article on some subject you know well.
   In Murray's case, physics. In mine, show business. You read the
   article and see the journalist has absolutely no understanding
   of either the facts or the issues. Often, the article is so wrong
   it actually presents the story backward -- reversing cause and
   effect. I call these the "wet streets cause rain" stories. Paper's
   full of them.

   In any case, you read with exasperation or amusement the multiple
   errors in a story, and then turn the page to national or
   international affairs, and read as if the rest of the newspaper
   was somehow more accurate about Palestine than the baloney you
   just read. You turn the page, and forget what you know.

Now if we could just all Average Joes to treat every article they read with suspicion first, then verify (or not), they'd get a lot smarter and more savvy.

"Don't trust, verify."

Gee, where have I heard that one before?
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"


Dude... that has the word "crypto" in it.

Twice. 

It's gonna piss off JJG!


crypto crypto crypto


Cmon jay... gimme a batslap!   (No homo, I promise...)

I know... I know... I know... I already responded to this shit-stirring post... but the ideas contained therein may need another angle of response:






Think about it.....








One does not simply ask for a batman slap.   







A batman slap comes at a time when it is needed or deserved... and of course, it can come from any member, that's for sure.. seen some pretty decent batman slaps in these here parts.





Surely, asking for a batman slap remains a kind of provocative taunting that does deserve some degree of punishment, so I will admit that angle... .you provocative lil twat, sirazimuth. 
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Of course I understand that, it would just help in the meantime is all I mean. Layer 2 is coming and it is a good thing, but obviously still needs more time.

18 months?

LN is here, although it does say "experimental", but that's also what Bitcoin says. There's about 1085 BTC in LN right now (maybe more, I'm not updated with real time numbers.) .. just took a quick look, 16k nodes, 38k channels, 1084 BTC ($55.8 million)

And although not strictly Layer 2, the wrapped bitcoins are at least 100k BTC now.

I've dabbled a bit with LN on testnet, with small amounts. You can "buy" something called "starblocks" ... but it's not physical (and it's all testnet anyway.)
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
Quote
Briefly stated, the Gell-Mann Amnesia effect is as follows. You
   open the newspaper to an article on some subject you know well.
   In Murray's case, physics. In mine, show business. You read the
   article and see the journalist has absolutely no understanding
   of either the facts or the issues. Often, the article is so wrong
   it actually presents the story backward -- reversing cause and
   effect. I call these the "wet streets cause rain" stories. Paper's
   full of them.

   In any case, you read with exasperation or amusement the multiple
   errors in a story, and then turn the page to national or
   international affairs, and read as if the rest of the newspaper
   was somehow more accurate about Palestine than the baloney you
   just read. You turn the page, and forget what you know.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Of course I understand that, it would just help in the meantime is all I mean. Layer 2 is coming and it is a good thing, but obviously still needs more time.

18 months?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto

Of course, if everyone just switched over to native segwit addresses they could save 50% on their fees. This would also have the added benefit of allowing more transactions per block too. Anyone out there who complains of fees and are still using legacy addresses deserve it.

ill keep my legacy addys for the most part. i dont care about the bigger fees (as opposed to segwit) as its generally just a small fraction of the overall amount transferred anyway. i try to plan ahead and liquidate what i think ill need in the coming timeframe plus a bit of slop just because i know im an idiot and like shiny objects.

but yeah this messes up small transactions but isnt that what L2 is for?

sorry for my olde skoole legacy fixation. just another hobby for me.

You can set up a segwit wallet now, and then use new addresses from there as change when you spend some from your legacy addresses. Then at least future spends from native segwit addresses will have smaller fees.

It also disciplines you during the migration process. I only have legacy compatible addresses (segwit that begins with 3) for those who still need them, otherwise it's all segwit (bc1q...)
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Why do you write dates "month/day/year", it's counterintuitive  Undecided
day/month/year is the way to go, from the smaller unit to the biggest  Cheesy

ISO 8601. The right format for the modern age.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
but hats off for publicly admitting it. it will give their followers something to think about.  this is a weird phenomenon: individuals or entities with lots of followers that repeat for years that bitcoin is tulip mania have been a great disservice for their followers: kept them from buying bitcoin. i wonder if some of them "feel" some kind of sense of responsibility and give it a second thought. maybe mfool is an example of that.

The interesting thing is that those who have dismissed it have typically done so based on surface level stuff and almost no deep analysis, often betraying a fundamental misunderstanding of how value works. A prime candidate for the Gell-Man amnesia effect. What are they getting wrong in other areas?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Why do you write dates "month/day/year", it's counterintuitive  Undecided
day/month/year is the way to go, from the smaller unit to the biggest  Cheesy

The "standard" now is using year-mm-dd. That's specified in an ISO or something. So today would be something like 2021-02-18 for February 18 2021, or 21 February 2021.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
Bears out of ammo finally?

Like someone said earlier, better if they sell their coins now then later.

Cheap coins....

(Yes, I just said that 51k coins are cheap. Jesus....)
hero member
Activity: 1133
Merit: 819
Bears out of ammo finally?

Like someone said earlier, better if they sell their coins now then later.
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