Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6512. (Read 26723255 times)

Is refusing to sell coin to pay off debt basically the same as going into debt to buy coin?
Kinda the thought process I have been struggling with..

WHEN is this thing gonna blow off some steam?? Amazing.

Well I thought I would be waiting longer before I came back to congratulate everyone on 30k.
I feel like I was just here yesterday for 20k. 

You're probably right. I, too, have long forgone any evangelism. But this chick does care about her financial future, we've been talking money and stocks for a long time, she seemed so helpless... well, I failed and told her.

I'll be sure to poke her some more at 100k. She does deserve it if she doesn't get any btc and clings to her losing strategy of buying stocks and selling at the first dip wondering why she didn't pick the "really magic stock".

What a way to start 2021 BTC Golden Bull Run.

Another ATH!

$30,000

I had another chat with my friend, the gal who likes to discuss savings/stock market with me. Classical weak hands type. I wrote about her a while back, on Dec 7, 2020. Price was around the old ATH @19k . (here: https://bitcointalksearch.org/topic/m.55770951 )

Today she wrote me and started with a message like "Why is Bit coin rising? The government should ban it cuz launder drug money blah blah".

My first replies were curt.  "Bitcoin: one word or you'll sound like a noob. The primary cleaning agent for laundering is USD by far."

Then she said: "I am afraid, blah blah, so many types of bitcoin, how do I buy blah blah"

I was gentler. "Only one kind, ticker is XBT or BTC. The other 'types' look cheaper because they're junk. Don't touch them."

I went on - You need to open an account at an exchange. Try Bitstamp or Kraken. Avoid Coinbase if you can. You'll need to go through KYC/AML, money laundering my ass. Once you have a bunch, you'll need to make yourself a wallet and transfer them into your own possession. Bitcoiners say "Not your keys, not your coins".

Long story short, I held up to her barrage of questions and gave her a crash course. More than anything, I told her to buy and hold. I spelt it wrong, just like this: hold. She's not advanced enough yet to be taught proper spelling. I said it might go down. I'm pretty sure it will go down and you'll suffer. That is when you have to buy more. That's the difference between happy and sad in the long run.

At the end she said "Oh thank you. But you know, call me chicken but I won't."

I'm pretty sure she'll come around. She'll probably want some at 50k. What could I reply to that?

"Of course you're free to do as you please. Bitcoiners say 'Have fun staying poor' "

https://twitter.com/krakenfx/status/1340054489106137088

#NgU

The year started badly for me, I've been in bed for the last couple of days. High fever (up to 40 degC), diarrhea, it's fucking torture... Could be a cold, a flu, or COVID-19, I don't know. What I do know, is that I had to go to different places the last couple of weeks and most people I met either did not wear masks properly, or not at all. FUCKS! Measured my fever just now, it's 38 degC. It could mean it's subsiding. I hope so.

Lots of merit-worthy posts out there, you guys are awesome, my phone is next to my bed, trying to catch up. No merits to pass on, but that's no problem I see many of you have taken care of that.

Going back to bed, and hopefully whatever bug or virus I have will clear away soon.