Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7674. (Read 26709337 times)

You are essentially describing the path to greater adoption. Bitcoin won't become big because of an increasing use, but because of more and more value being captured in this asset class.

I didn't post the "$10k guaranteed" Penguin meme this time. Adam, we miss you 

Every day he continues referring to Bitcoin as "Bitcoin Core" on his website is an opportunity to redeem himself squandered.

Pretty much; he's shown time and time again all he gives a shit about is himself

Haha

No

Roger has had lots of chances, all of which he has squandered

I was thinking an indicator of how immature the bitcoin (trading) industry still is, are the fees. Maker/Taker fees north of 0.5% are common across the exchanges. Compare that to the stock market, fees are close to zero.

There is little competition yet, but the business models of the current exchanges will be terminated once the big boys get in. Can’t see that taking a long time anymore (in a free market), there simply is too much money to be made.

Not around that I know...

Still the thread is fully correlated to BTC that’s why it’s still around 

While it's logical, it still shocks me.

Shroomskit still around? Or did he get sectioned yet?

Strange you can’t believe it....

This is the thread of threads on the forum...

It would be strange if it wasn’t going anymore

I cannot believe that this thread is still going.

And Jimbo is still doing his morning greetings 

And JJG is still carrying on with his nonsense.

Ah, good to see you all again. Shame Adam isn't around anymore.

I did not expect to see this today, it has gone faster than I thought.



(Hi 10,074)  Now 9,892

This weekend will be interesting, FOMODL, thx, jojo69  

The bulls have to push more, at 10,500 the bears will be exhausted and the stampede will be epic.

#StrongHats

After successfully combating murphys law in numerous manifestations, i finally managed to transfer my windoze installation to new hardware, while watching BTC go up to break $10k tonight.

#hodl

EDIT: Acronis, if you read this, i'll never buy your drive imaging software ever again, because it just sucks. Macrium Reflect FTW!

Hmmm to reach 10K again while waking up ... early morning though satisfied

The many messages of different friends always fun to see

Some positive notes on Bitcoin's potential:
https://www.goldmoney.com/research/goldmoney-insights/time-to-learn-about-money?gmrefcode=gata

jbreher and I go way back... (or at least it seems like it)

It's like jbreher and I are good ole buddies who love to hate each other.  And, I am not even sure which one of us loves the hating moar better....

At some point, perhaps, jbreher will snap out of his bcash delusions that seems to be fogging his thinking in a lot of other regards, too, and that might help him out.. perhaps?  Perhaps?   There have been times that I thought that I was giving up on jbreher, but he does seem like he might have a few redeeming values, if you don't allow him to deviate at all into BIG BLOCKER nonsensical gobble-dee-gook.

In other words, jbreher might even have to take some "starting over" lessons from someone like mindrust..** I know that jbreher has a lot of respect and sympathy for members like jonoiv, but someone like mindrust could likely serve as a kind of better example that has different issues from jbreher but could kind of complement jbreher in various ways... so in that regard, it seems that jbreher might be able to get something out of a kind of "starting over" approach to bitcoin, as long as he can try to stay focused on bitcoin and don't get too caught up into believing scammers like Craig wright and some of the other nonsense that comes out of some of those camps and ends up getting repeated by the bear... .   

Or maybe the military would be better.  I know that jbreher is likely too old for the military, but getting some back to basics training and not allowing him to deviate into BIG BLOCKlandia could be helpful.

So, in essence, going back to bitcoin basics could potentially be helpful for jbreher..  perhaps?  Perhaps?


**don't get me wrong.. I am not saying that mindrust is really fixed in any kind of meaningful and helpful way, because in recent times, he seems to be devolving into more shitcoins too, but at least, I liked the idea of starting over, which could be helpful four our love-dovey picnic table snacker.

What you are saying sounds good in theory, because, yeah if the BTC price moves way too much, too fast, then in those circumstances many of us might get nervous about the sustainability of BTC prices.. .  but, personally, I would get really nervous about putting too much of my actual corn on any exchange to cash out in BIGLY increments.. especially all of it and fuck even 50% would be a potential problem to either have so much cash on exchanges or even dealing with banks or whatever to get it converted over, in the event that I want to make sure that I have possession of the value instead of it getting locked up for months or even longer.

You might need to explain it a bit more specifically about some of these concepts.. but I believe that I get what you are asserting, in theory.  Especially explain what the fuck is Shannon rebalancing strategy or Kelly criterion... at least your interpretation, links and maybe how they might apply to bitcoin... bitcoin is a kind of special beast, if you had not noticed.

By the way, in 2015-ish, when BTC prices were around $250, I had created a decently elaborate plan that involved quite a few specifics of a pretty heavy cashing out of BTC as the price went up, and so I kind of followed a plan for a while, including until BTC prices got to around $2k or $3k, but I found that I was winding up with way too fucking much fiat, so I felt that I needed to tweak my plan in order to lessen the amount of BTC that I was selling./.... because really my more elaborate plan of cashing out of bitcoin was on a longer time horizon.. .such as way further into the future... maybe even like mid 2020s-ish, but the point was that the cashing out plan was not supposed to be taking place in 2017... so I tweaked in order that I would not sell so much.

I might be experiencing some similar dilemmas, this time around (presuming that the BTC price goes shooting up), so I do feel that I am a bit more prepared for larger cashing out of BTC at various strategic locations, I still am NOT really feeling as if I want to cash out BIG proportions of BTC - even if I might end up losing based on some subsequent BTC price corrections that might come after BTC prices go to $200k in less than a year (if that were to happen).

So, maybe, since you brought up those ideas, Millionero, you may want to flesh them out a bit.  You do not necessarily give away your specific BTC holdings, but maybe describe in terms of percentages or timeline and how various BTC price performance scenarios (talking in terms of price movement in terms of quantity and time) might cause you to employ different cashing out behaviors.

I just literally merited both of you...

Yes, of course we are going to get agreement from jbreher... It's like jbreher is a great example of someone ready, willing and able to reach consensus...  right?  right?  right?


.....like when hell freezes over, for example.



This one is for you, jbreher.  Sorry; I had to do it.



You will thank me later.   

You can avoid that problem by observing a Shannon rebalancing strategy.  Rational investing, or speculating, is about sizing your bets.  Kelly criterion illustrates the principle.
Then again, if corn hits $200k next year, I'm going to violate my own advice and sell most of my stack.

You won't give up, will you.  You are doubling down on dumb.  That's just great.



Oh you are so fucking excited about the BTC price going up, so now all of a sudden you have to get sloppy and start referring to some manipulated exchange as if it were the reference price. 

When the BTC price is moving around a lot, it generally becomes more important to refer to a solid BTC price reference .. and frequently when the BTC price starts to move even more, the BTC prices get more and more out of alignment....

Of course, it could be possible that exchanges are NOT going to get out of wack, as much because the BTC market is getting BIGGER - but it is NOT too likely... and it is likely we are ging to continue to have shenanigans on various exchanges, and sometimes those price differences become an actual topic to discuss.. and try to figure out why price differences are happening. 

You were not trying to figure out BTC price differences in various locations.  Instead you were referring to the Bitmex BTC price as if it were an accurate reference price.... get a grip.. .and try to accept the 2015 Las Vegas agreement (or whatever the fuck it was called).. as mentioned by jojo (provided for your ease of reference, below).


Otherwise, just try meditating.  That might help, too.

  You will thank me later for providing such help to you.. at least, you will be thankful on the far and deep inside.