Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6781. (Read 26715426 times)

 You are missing something.

 Those people are not in need of survival rations yet; just a little help.  In fact, 40% of the people in that line of cars were looking for help for the first-time.  Many people lost their jobs due to the lock-downs and other restrictions implemented due to Covid-19 have run out of unemployment benefits, likely much of the savings they may have had.  Since the second stimulus bill has been stalled for months, Americans are not getting the second promised $1200 relief check either.   One thing that you don't see by looking at the picture is that many people in that line of cars also received a turkey - which is essential for a proper "Thanksgiving" dinner.  This particular image isn't about survival food, this is food that has been donated by people (and companies) who 'have' trying to make sure that people who are a little low on funds will still be able to have a proper Thanksgiving dinner with family - which is a luxury.   Americans are generous people - in fact, they are likely among the most generous people you will find.

 There is a program in the USA called SNAP which stands for Supplemental Nutrition Assistance Program that provides food (or a food-purchasing card) for individuals and families in need.  It varies by state but generally a family of 4 can still have an income of >$3000 per month and still qualify for the benefit.  Americans are far from destitute.

What I would like to know is if that is also part of the stupidity of society (the same that think credit is for spending, when it is the other way around). I mean, food for "surviving" is cheap as fuck. As in probably cheaper than the gas used to go collect it. So, unless they are also giving "luxury food" in those food banks I really don't understand it. How does it work? How much food and what "quality" do they give? I was thinking that maybe they give a few months worth of food for one trip... but that wouldn't probably fit into the trunk of a single vehicle.

I really feel like I am missing something here.

Although I see some weak-hands-whiplash during the night, now we are back above $18K. I still can't believe that so soon after the mostly bearish 3 years we are here - well above the 2x line. I mean for someone with 115% savings into BTC, it was quite exhausting to check the price over and over again and see that it either can't hold $8K, or even makes endless barts around $6.4K.

And that night in 2018 when we fell to $3.1K. Geez! I couldn't sleep well thinking from where I can get more  fiat to buy the dip. Back then the banks didn't offer big loans with good interest, or at least I didn't know about it. So I'd drained my two credit cards, although the interest of the missing sum was 14% per year. I was 30% below my average investment price. I remember when I went to the supermarket I didn't buy some expensive food, because I was so depressed. I continued to DCA until I decided to take a small loan with 4.9% yearly interest in early March. I had the opportunity to take 5x bigger sum, but I decided to wait in case some crash follows. So I've bought between $9K and $7.7K. Then the most dramatic crash I've witnessed happened. But this time I was so used to crashes, that I said to myself: meh, if this price holds for several months I will go to the bank for the new loan. But now I don't want to risk getting covid infection.

So I continued to DCA and in the summer an unexpectedly big profit in gpu mining allowed me to get even more BTC's. I know it is best not to sell anything untill 200K, but... because of my belief in Bitcoin, I took a bigger risk with these loans. So, I've decided to sell these coins, they weren't mine after all. Thus the bank will get from me several hundred bucks, while I get from it several tens of thousands   It is time for me to close the loans, replace the damaged hardware and to learn how to hodl in exponential growths. Man, this is harder than I thought! 30K, 50K, 100K, ... how I will resist the temptation to sell too much too early, I don't know. The problem is that I have only one dream - a big luxury house or a villa at some paradise beach/island. No more greasy streets, dull life and stupid bosses and people around me! I just need to summon all my mental powers so that this change will cost me like 1/5th of my stash one day, when we are well above 100K.

Are you fcking kidding me?

Wow what a hard question to answer.

BTC is still an infant.

It is quite small. Well under 400,000,000,000 cap I think it is 327 billion at the moment.

So if I keep it hidden with clever tech do I attract many governments that attempt to shut me down ?


So is the wise path to play along until it gets too big to fail?

ie a 5 trillion market cap seems hard to attack. Especially if 4 trillion is in the hands of large investors.

So I am inclined to not go hidden and paint a target on my back when it comes to BTC.

I am pro shitcoin (just a few are needed) for this reason.

XMR or some other coin can be the sneaky coin that paints a target on its back.

LTC and Doge can do small transactions.

This thread has a lot of BTC maximumist (sp)  people I am not one of them.

  1 coin makes it easier for governments of the world to control.
 As in your question we know that governments will be doing this.

There is a less than zero chance, in any future scenario, that governments of the world would tell crypto brokers and exchanges to "Shut down all Bitcoin^TM buying and selling. But the other shitcoins? Yeah they're cool, they can keep trading as normal." If a worldwide shutdown were to happen, it would be all crypto or nothing being bought/sold on public exchanges. But by then CBDC would likely be a huge worldwide thing, so difficult for them to sell the public on a double standard. Also, the more major corporations, investment banks, and HNW investors take large positions in Bitcoin, the less likely it will ever be outlawed.

~past cycles~...

Note that one line is incomplete, as is one year.

2016 should be included, for better comparison of the 4 year cycles.

 In which other country can poor people line up at a food bank while sitting in an air-conditioned, luxury vehicle, listening to music on a factory-installed, 200+ W, 6 speaker, sound system surfing the internet on their iPhone 11 max pro??  It doesnt get any better than this; not even close.  This makes 'Best country in the world' seem like a gross understatement.

Sup folks? I need some crazy hat   (if possible, of course)

Thanks  

RSI above 84 on the 3D chart rarely holds without a proper correction 20% plus). The problem is timing the local top. It could be $23k for all we know 

RSI above 84 on the 3D chart rarely holds without a proper correction 20% plus). The problem is timing the local top. It could be $23k for all we know 

I am happy I sold 2 pieces

1 piece  at 17900 and 1 piece at 18200

Happy bull market. Price drags me back to here again.

Love you all.

Have i been talking to walls the past 3 years? Or just Baby boomers? Im out of this bs, anyone sent me  PM when they will wanna give me my Coins back or finance some real skill. Peace

Then you will realize he is one of the more accurate indicators around here...