Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7539. (Read 26723770 times)

500.  About as high as I ever went.  Just remembering it scares the shit out of me. But it was probably different in the 80s.  Your's probably cleaner.

I mean, even if you don't agree to meet with any of us shorter-term WO plebs personally, I hope that at least you will allow some of us to visit your island, and maybe provide free appetizers?  No pressure.

 


Like you mentioned, Biodom, I am going to take that proclamation with a BIG ass large grain of salt.... maybe even proclaim that they are full of shit.

They are likely trying to describe bitcoin as being way the fuck more mature than it is, otherwise, like you mentioned, we would be in $100k plus price territories... 

The more I think about it, the more I suspect that the article is full of shit in however they arrive at such purported adoption/investment level measures.

On the other hand, I do agree that likely the trend for more and more traditional investors to be getting involved in bitcoin is likely to be increasing on a regular basis (the longer that bitcoin is around with a kind of Lindy effect).

I was reborn on LSD in the 1960s.

Does that make me Generation X?

If I took 500 mcg (oh for the Sandoz that used to come in through Stanford) now would I become Generation Alpha?

 

Yeah, I noticed it was trying to portray a pure" trickle down" economy model.

Haven't finished it, dryer died so i'm arms deep in the timer mechanism right now.

36% large investors hold crypto (25% btc and 11% the second one)?
https://markets.businessinsider.com/currencies/news/crypto-assets-bitcoin-owned-large-investors-institutional-fidelity-survey-percentage-2020-6-1029293753

Maybe, but only minuscule amounts, otherwise there is no way we would still be vacillating between bull and bear around here.

So... my thinking is most people here will be in pretty good financial shape after this, and the next cycle.  And of course it's relative to what they invested.  And of course there will be some folks who are already "there" and will just be getting filthier.

As to my experience I *will* say I have been through ALL bitcoins major cycles.  I came in when it first went to the unbelievable height of ~$32 (on Gox) back in 2011, and have held through all the following cycles.  I will NOT say anything about of what that means for me.   But I expect my financial foundation will be very different within that 5 year window as well.

the noon wall report


Legacy markets flail today as bitcoin continues to be stuck in a tight consolidation pattern. Nasdaq hits 10k under the onslaught of brrrrrrr.    


still transitioning this wafer thin liquidity zone
4h


market dynamics should resolve in a upwards direction by this weekend imho
if not
I would expect a rapid retest of the $9k zone or lower before the end of the month
with the market poised as it is...its a perfect spot to smash longs...
I am not sure what narrative that would fit under..but if I was a bear I would be looking closely at this setup   #dyor
D

#stronghands

If you are suggesting half a decade to become filthy [rich], then you seem to be suggesting two more up cycles (the one that we are in, plus another one, no)?

One up cycle (the one we are in) would thereby achieve a kind of normal rich/comfortable, and the next cycle would lock in "filthy" status?

What about the guys (and gal) who blow their loads on this next (current) cycle?  What's going to happen to those wadd blowers?  There must be some "wadd blower" in our midst, no?

In other words, are you sure that some of the current WO participants are not going to screw up their own situations?

I do tend to agree with a kind of presumption that anyone who is currently investing in bitcoin because they have become sufficiently acquainted with bitcoin and largely aiming at BTC accumulating is likely going to be able to do much better with their investment portfolios than those people who do not invest in bitcoin (or adequately know about it - or take action in regards to getting started with a meaningful/adequate BTC allocation), yet there is also a phenomenon in which a large number of BTC investors make a sufficient number of ongoing mistakes that causes them to largely financially perform mediocrely in their bitcoin investment(s) rather than really being able to prosper from their bitcoin investment/involvement.

I likely could even include myself in such mediocre performance group in regards to where I am at with my bitcoin as compared to where I could have been under more optimal practices... because I have been maneuvered out of a certain meaningful quantity of my coins (likely I am to blame for my own situation)...

What is the percentage of BTC HODLers who really figure out ways to play their BTC investment/involvement to a kind of meaningful perfection?  besides hairy?  (hahahahaha... I believe that even hairy would likely admit to some mistakes along the way, perhaps?)

Are there any BTC HODLer/accumulators who have been through at least one up and down BTC price cycle going to proclaim that s/he has not made any mistakes in their bitcoin investment?

Maybe I should not be fighting you too much in regard to your proclamations of impending richie status on the masses of regular WO participants, cAPSLOCK?  

There likely are a decent number of regular WO participants (at least historical ones) who have already come quite close to locking in a kind of "richie" status, especially if they have largely held through a couple of up/down BTC price cycles.. and even if they may have made a decent number of mistakes with their BTC along the way, they still may have been able to achieve a decent amount of richie status from their BTC investment/involvement, so long as staying persistent in mostly HODL and accumulating through more than one up/down BTC price cycles..

Is that what we are saying, cAPSLOCK?  Based on your forum registration date, you must have at least a couple of up/down BTC price cycles under your belt, cAPSLOCK?  But you are not already at a kind of "filthy" status?

By the way, I do not consider myself at "filthy" status yet, but maybe i would not need two more cycles to achieve "filthy" status, and maybe one more cycle (this current one that we seem to be in) would be good enough for me?  Perhaps.? let's see how it goes and whether I screw anything up in my own style/approach. (we have discussed before that filthy status has both objective and subjective elements to it, so whether my own perception of "filthy" status involves less than 1 BTC, 10 BTC or more than 50 BTC would likely be a matter of discretionary OPsec privacy....     )

@realDonaldTrump https://twitter.com/realDonaldTrump/status/1270333484528214018

Well, looks like we were down between he COULD BE a 75yr old ANTIFA provocateur scanning and blocking police comms with his phone, or COULD BE an alien. Both are as likely, but a coin flip fell on ANTIFA so here it is

The idea of the movie is ok, but the ending sucks big time.

Its a bad example of capitalism (?).. what do socialist pretend? Somebody (state) in the platform saying how much you can take??

Watch anything else...

You know... does it count for nothing that just about all us fuckers (including mindrust again) are going to be filthy with "financially... independently... nuh nuh nuh" within half a decade?

We are all part of the rainbow elite.  Boomers to babes...

-GenX (the can't we all just get along shut the fuck up generation)

Teehee... GenX

Well, "Social network" boosted Zuck. I am sure they aim to have the same effect, which, I doubt, will happen. There is not much of the story there.
Judge by yourself: a couple of rich guys vacationing in Ibiza, some friend introduces them to bitcoin, then a brilliant moment of realization that it could be important. Buying 100K btc (not more than a $1mil then), then founding Gemini, which is great, but a minor (by volume) exchange. Enjoying ever richer lifestyle. Fin.

It's not going to sell/inspire.

That platform flick is pretty demented.

They can take some artistic liberties. Certainly they can find a pair of handsome, young, black twin actors. They can modify the story a bit to make them grow up in the Baltimore housing projects or something.

Are you going to urge the boomers to be nice or not? Let's just get that cleared up.

since btc is doing nothin', I wonder if Nasdaq will make it to 10K today?
Even chances, IMHO.
Anybody's up for buying any puts?
That would be a counter-trend move as everyone is buying calls+buying bankrupt companies' worthless (in the future) stock.

EDIT: made it!

Nobody fits into the exact mold.

We are each individual snowflakes..... 

Hahahahaha

Just joking, in part, but there remains a bit of a problem to try to suggest that anyone is responsible for any particular policy direction, because policy directions come from an amalgamation of factors, including the fact that even power brokers might be making deals behind the scenes, and regular people might not even know how much they are being mislead, from time to time, about the purpose of various initiatives and the impact, and there frequently is ONLY so much that any person can do at various stages of their lives.

I had periods of my life that I was relatively active and proactive, and several times, I had to pay various prices for my proactivity, and sometimes, I look back at what I may have accomplished, and I am not even sure about whether some of my proactivity paid off.  There were several times that I recall achieving some institutional changes that were perceived to have been  injustices, and looking back at the whole thing, I am NOT even sure if the changes stuck or that they caused more fairness and without some reversion back to other kinds of injustices.  It can be difficult to both influence systems to lessen the abuse of individuals or to cause lessons learned from the past to become standardize practices of new individuals who come into power and want to make their mark, including the fact that some people come into power and are abusive of their powers - which might cause some people to wonder how much of a role they can play in trying to ensure justice, fairness and lack of abuses of discretion (especially if they had fought some of those battles in the past when they had more energy and youth). 

Of course, getting older might cause some less activism and even some changes in mindset, and for example, even though I am very disinclined to go out onto the street to send messages of injustice and protest for change, I still believe that the younger people putting their bodies on the line are largely working in the favor of the people in their attempts to draw attention to a variety of injustices in the system, even if some of them might be attempting to personally profit from looting or some other kinds of more extreme expressions of their self-interests that may well not be more helpful than hurtful.