Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6696. (Read 26717338 times)

https://www.zerohedge.com/crypto/pizza-hut-accept-bitcoin-ethereum-pies-venezuela

That is a great quote.

I could not find the quote in that article, but I did find the quote in Saylor's tweet in which he referenced that Medium article.

Here's the link:  https://twitter.com/michael_saylor/status/1333825940573593600

You know what they say ‘Youth is wasted on the young’ by the time we have the mental clarity to appreciate our actions and the long term effect they have on our lives we already missed those opportunities and they are way behind us.

It is natural to be excited about bitcoin and its potential and to want to have an endless party with our earnings when we are young but it is only when you are older when you realize that such thing is simply not worth it, one of those frivolous things are fancy cars, lambos as the community call them, even if they have no intention to buy specifically a Lamborghini, but why do we need one? Who are we trying to impress? It is way better to not focus ourselves in medium maximization and to focus on how we can use that medium to actually achieve happiness.

In recent years I've come to fully believe and trust in "the pursuit of happiness".  It sounds cliché but, it is the best compass for an individual's life decisions... in my opinion.

This obviously looks different for everyone.  For some folks, the thought of having a stash of inheritance for their kids, or family, really fulfills their hopes and desires for their life.  They choose to save and be frugal and invest in other activities in their life (even if they have the money to do other "cooler" things).

For others the thought of blowing cocaine off of expensive hookers ass's while they are passed out on one of their lambos could be described as their happiness.

For many (most) others our happiness lies somewhere in between but, shifts back and forth during our life cycle.

The toughest part about finding your "happiness compass" is laying down all of the social, family, and cultural pressures that are bestowed upon you.  Be a little selfish and dig down deep. Think about what you really want and what makes you truly happy .  Don't do things to make others happy or obtain their expectations of you... you will end up being bitter and resenting them or yourself.

This all sounds a little cliché but, since I have embraced this fully, I've never regretted a single life decision from that point on and I am far and above happier than I've ever been in my life before.  I've made some REALLY tough decisions over the years many of which affected my immediate family and friends.  However, assuming I have 10 seconds of thoughts prior to my last breathe, I can leave this world knowing that all is well and I've got no regrets.

*steps off soap box*

So you're trying to say bear hunting season is not yet over? 

Saylor:


https://t.co/bQjYkvRa1S

Haha, I love this guy.

http://www.buffalocreekguideservice.com/services/black-bear/

"Black Bear hunts are conducted out of Hyde County, North Carolina. This land has more Black Bear per square mile than anywhere in the world. The bears in NC do not hibernate, and huge tracts of farmland with corn and soybean fields surround this area."

"North Carolina is a “natural bait” only state and therefore we use corn and peanuts to lure in our bears. "



Its all starting to make sense now. In a far away land called Carolina, they literally use corn to lure bears in so they can kill them. Its all connected and part of the cosmic plan.

You sir, are very wise.

Anyone not following a similar recommendation/approach is going to end up with massive regrets before they die.

I see so many here joking about blowing their bitcoin "winnings" on fancy cars, frivolous shit and such, and inwardly I know some of them aren't really joking.

When you're right, you're right. Apologies to all you Lambo dealers trawling WO daily looking for future customers. 

Gentz, I know we have spent years plotting things like the 100k party, but I have had my mind on another festivity for WO's to participate in......

This could be done either in groups or individually......

Its something I think deep down you all want to do, whether you will admit it or not......

Something that with the right WO hand sign in the right pic could have legendary implications that resonate across the Bitcoin universe......

A trend that could result in the unfortunate(but still worthwhile) extinction of several species of mammals.....


What I am proposing is for some noble WO member to travel deep into the heart of Carolina and......

KILL A BEAR (then flash the WO hand sign in a pic )



https://www.carolinasportsman.com/features/do-it-yourself-carolina-bear-hunting/

We could even have a small BTC bounty and whoever kills the bear w the WO sign first then other members would send a donation to their address as a token of appreciation. I certainly would make a donation if someone beats me to the first kill.  


 

I agree that it is NOT easy being a bitcoin HODLer.

Going from rags to riches and back to rags again... and then hoping that riches will come back... at some point.. hopefully soon ^tm.

Kind of wished that when I was in that transitory "rich" status, I would have cashed some out.. and valued my wealth in fiat.....



hahahahahaha




NOT



You seem to be arguing definitionally regarding what is a "HODLer"  

A true HODLer would not depart with his/her coins until... blah blah blah.

Hardly makes sense because there are all kinds of variations in the positions of peeps, including their entry points.

Of course, there are perceptions regarding whether the price is going up from any given point or if it is going to reverse.

Sure there are various round numbers in which there might be some psychological hang-ups and consideration that the price might reverse.


I'll refer you to BTC price prediction models of stock to flow, 4 year fractal and exponential scurve adoption based on metcalfe principles and networking effects.  


Agree.. the battle is futile.. but does not stop it from being waged...

Sure it could take weeks or even months to play out... but still.. odds are against fighting it... but NOT going to stop the wisheners for DOWNity to have hopenium and to press their luck.


You left out Lambo dealers... You fuck!!!!!   

Yes, top limit estimate, in 2009 dollars. Not a prediction.

Waiting for $20k - ATH was too easy.

Seems to me that we are still in no man's land.. recall in early 2017, BTC prices came within about 20 dollars of the previous ATH of $1,163... on January 4/5 and then took a bit of a vacation until about late February when it finally surpassed the previous ATH..  Stayed at, near or slightly above previous ATH for  about 3 weeks, and then made one last sub ATH dippening in mid-March to slowly rise above by early April and to never see previous ATH again...

That's part of the reason that it is considered (by some) as "no man's land" because in the whole scheme of things taking a few months to get through no man's land might feel like a long time, it really could be problematic to attempt to trade it or to expect to sell and to buy back lower because there is a kind of inclination towards UPpity.. and a kind of UPpity that causes a "we not coming back" dynamics.

In this situation, we have only been in no man's land since about November 16... and really all does seem to be "going as planned" even though the specifics cannot really be foretold.. and sure, it may not work out the same, but still seems to me that the evidence is still pointing towards very decent odds that we are in a "passing through" territory rather than "let's get worried" territory, and maybe 6 months from now (and maybe shorter) this location will be largely, if not completely behind us... and I am not even saying that we might not revisit this area at a later date  - which surely could happen - because one thing about the future, is it remains much more difficult to figure out before it happens rather than after it had already happened, but then by the time we figure it out, it is no longer the future.  Go figure.   

FYI



*Edit - at current prices of said coke and BTC

Where are all the rockets in this thread that were promised? 

I thought we made new ATH on all exchanges today? Disappointed.

The screenshot comes from http://bitcoinity.org/markets/bitstamp/USD

Specifically, I am pretty sure that is Bitstamp as it was passing through (to $19,918) as nutildah said in his post that he did not catch the exact top.  



Whoops... I should have read the very next post... soullyG answers..

The 100k mark will be interesting, yes Hodlers will sell some large amounts to fund 100k parties across the globe, but as much of these funds will be given to hookers and coke dealers attending the parties, we can expect said whores and dealers to want in on the action and to invest much of their earnings into Bitcoin.

It is the ultimate marshmallow challenge.  Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.

For me personally the formula revolves around comfortable retirement and a little diversification into property.  I just don't want to spend much money on stupid shit, or even living large.  And I am acutely aware that the longer I wait the more I will be left with in the end.

That is where the real crux is, in my opinion.  Where that point is for each whale/minnow.

I feel the closest we can get is roughly = length of time hodled * number of coins hodled * personal moon target

The problem is that last variable is subjective and likely to change every few weeks/months/years!