Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6171. (Read 26711019 times)

Some interesting read (partly offtopic) from a well-known nocoiner and permabear: https://www.gmo.com/europe/research-library/waiting-for-the-last-dance/

This guy is a major douche and he also claimed BTC was dead and a bubble several times but I could agree with some points regarding the stock market.  

Some more of him:

20. "What is the future value of the dividend stream of bitcoin? It is nil. It will never pay you a dividend. If you're desperate, can you eat it? No you can't. Its entire value is on the greater fool, is it not? So bitcoin could be worth $1 million a unit if you can find someone to pay it."

21. "Bitcoin is 100% faith. Come the next market phase where faith is at a minimum, what do we think will happen to a stock whose entire reason for existence is faith and nothing but faith?"

rOach? 

Thanks man, yeah been using that but alot of apps missing like Bravo.

Fdroid, if you are doing that...

I used to post on the ann back in the day when I was being fire-hosed literally thousands of them daily for the
three months I was "mining" them on a pool that turned out to be a giant scam. (Turns out, I scammed the scammers, lol)
I gifted thousands to random folks who posted an address. Shows you how seriously I took it.
Look how that turned out now. You watch, you'll be able to buy a Tesla with them pretty soon.

(don't bat slap me bros, I didn't mention the shitcoin now did I?)


GO BITCOIN

I think late Feb or early March we'll see another leg up.

I believe this is the way it's going to go for Bitcoin from this point forward...

...sideways sideways sideways, boom! then more sideways, sideways, then boom!

It's going to catch the masses completely by surprise each time.

Well Goddamn it, I lost a day!

I actually thought of posting a chow shot the other day of my New York strip at the casino but don't have the board setup on my phone and actually barley know how to use android. I removed all the fucking google shit and now its impossible to install anything!

Mutually exclusive, can never happen.


OK.

First off this is a dead end as stated above.

Fungibility is BTC holy grail and liquid is a trojan horse and these are a few reasons off the top of my head. I'm sure any dev can give a much better synopsis.

1. A federated model is more dangerous than a transparent chain. At least on a transparent chain you know everything can be traced. A trusted setup with built in failure points is dangerous for a few reasons.

a) even if you trust the nodes they can be compromised without your knowledge.
b) the false sense of security will stop further research into layer one correct solutions.

2. Liquid is on a second layer which can never be as secure as a first layer one.

3. Solutions already exist as proven by monero and apparently ZK-Starks works as well as ZK-Snarks without the trusted setup which of course makes any ZK-snarks implementation a non-starter.

4. As has been proven by big blockers to get any major hard fork in bitcoin seems to be a fools errand and I would love to be wrong on this.


It sucks that Hal was working on the fungibility issue right after launch and still do this day there is not even a coherent plan for a layer one solution. This proves to me that there are forces behind the scenes that are blocking this entirely doable fork.

I have come to the conclusion that BTC is just going to be a store of wealth chain with large actors holding the majority of the wealth but at least eventually this will force the Institutions to keep the books clean in the future when full adoption has progressed.

Lighting will fill the gap for micro fast transactions and for privacy Monero is the only current solution.

OK.  Argue with me.

and this is my constructive post for the month.

 They might have to if you're coked up too often ⍨

Get real man, You can lose 50% of your investment in one trade if you buy a shit coin on its top. Most of them are pump and dump coins. They are meant to pull out money from the pockets of new comers in crypto space.

Or... those hookers aren't going to fuck themselves.... 

BTC has already broken Falling wedge. The next resistance is at 42 K and if it breaks 42k then its next Target is 45K that means new ATH.

When next significant leg up?

Getting bored of this range. Those Lambo’s aren’t going to buy themselves.

Stop whining would you?  Just sell all your BTC and leave. Mindrust material.

Most of us bought Alts.... most important is that we have at least 85% in BTC ....

So here's another proof guys: never mess with shitcoins! 

Just checking in on these FRIYAY's



Home cooked "ugly dressed" as how jimbo would say ... but still delicious imo ...

I have bought shitcoin during almost every bitcoin boom.

First time (up to $266) I bought NMC, PPC and LTC. I spent more bitcoins to get them than I could get out today.

Last time (up to $20k) I bought ETH. I spent more on the ETH than I could get today. Though I bought those for the Blue Frontiers token (which failed miserably, but they refunded our ETH due to not reaching their goal).

Your shitcoin will jump 25-50% in a day. But it will also fall that much just as easily. And in the end, the only people using those coins are thinking they are going to make a lot of money that they can cash out into something else. Like bitcoin or dollars. Just acknowledge that you are pump and dump and try to get out at the top.

If you didn't sell any Bitcoin or mess around with garbage coins, you wouldn't have to worry about making anything back. Just hodl your bitcoins and enjoy getting rich.

All Musk was doing was having fun playing with the kind of fools that trade shitcoins. He even chose the most ridiculous one for his hilarious little game.
_____

I agree we have to get all the shitcoin talk into the shitcoin speculation folder and out of the Bitcoin speculation folder, especially WO.

"lol" a lot of nubies are losing money because of this chaotic..

I'm kinda doing the same. Even if I'm like down like 20-30k dogo... I'm still up 10-20% corn. But just because you win stuff because someone, it doesn't mean you need to like someone. The whole sh1tstorm is about the fact that a simple whale with the volumes that go around, can't f^ck up the charts. But a cunty billionaire can ruin everything with "fat slippery butterfingers" .