Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8135. (Read 26712708 times)

I have jumped in with both of my feet. I told myself if I ever had an opportunity under 5k I would make sure I have an entire bitcoin. Last of my money for non essentials in and now have about 1.1 bitcoin.
I have 2 alt coins but they are worth less than 500 dollars in total. 6 months after the reward reduction I will just extract 2k dollars for the new opportunities fund. I am expecting this will result in still holding an entire bitcoin which I will hodl for my retirement fund or if it reaches the 500k USD level before I may extract 100k and use it to buy 50k gold and 50k silver.

The thing I really like about bitcoin is that they can will stick to 21 million.  I am no longer worried about my fiat savings eroding now they are invested in other assets. These are high risk to some, but I view the risk to reward far easier to sleep with than the sure loss with no possible upside of accumulating fiat.

I will be watching this thread again because some members predictions had helped me increase my small bitcoin holdings by weaving in and out. I won't sell even .1 before 20k. This I believe will be in around 8 months.

Hey fam,

i hope everyone used the fuck up on bitmex to make loads of BTC - probaly the most profitable day in history for me.

100x with a discount of 650$ lol


I would sacrifice my first born for such an opportunity again

Well said.

Since Bitcoin markets have no nanny holding their hands, the lows can be extreme lows but the subsequent highs can also be extreme highs.

It will probably be a dull next 6 months while the market basically drifts sideways before we see action again.

How does a bitcoin back up work with a paper wallet, in case you lose or destroy your paperwallet?

https://nypost.com/2013/05/15/43-8-million-for-this/

Paint is not fungible. Some people are just really stupid.

Funny seeing you argue so hard against the idea of a reflexive property but not really surprising.

One thing is always equal to itself regardless of how its value changes.

If you want to say

X1 ≠ X2, with X1 being the value of something in 1984 and X2 being the value of something today

then sure, there's a case to be made for that.

However, a dollar bill printed in 1995 has absolutely the same value as a dollar bill printed today. You can hold them up side by side, and they will both buy you the same amount of coffee. You have to clarify what conditions you are comparing X1 to X2, otherwise you're just not making sense.

Bidets are cute but take up serious space. How do you fit them in the bathroom?

Bitcoin is not fungible. And that is a problem IMO. Already today you see that mixed coins are worth less (Coinbase freezing your account) and coins without a transaction history (straight from the miners) or auctioned by the US Marshals are sold for a premium.

So sorry to wake you up at this time of the day but 1 BTC really is not like the other 1 BTC.

But if I take my fiat and convert it to cash, I can use it as toilet paper. You can't do that with BTC.

Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.

Slightly off topic:


Source:

*SPOILER ALERT*
https://twitter.com/3j0hn/status/913447235534315520

This whole PlusToken affair stinks to high heaven for me. I'm thinking clandestine CCP operation or similar.

Who else can get away with a $3billion crypto-Ponzi scheme in the first place? Then suspiciously (stupidly) dump the 13,000 bitcoin on the market at the lows for the cycle? IFF the perpetrators are clever enough to remain hidden from authorities they wont be stupid enough to dump on Bitfinex liquidating to fiat in one go at market rates. They would have sold off over time into the highs. IFF they are clandestine CCP operatives protected from prosecution they can run a Ponzi scheme and dump for maximal disruption of bitcoin pricing.

I don't particularly care for the 1 BTC = 1 BTC argument and I wouldn't focus on, or even mention, it to sell anyone on the idea of BTC.

But here you keep ignoring the time variable when you try to assert 1 USD to be 1 USD.

This is only ever true in an isolated snapshot of an arbitrary "now". The functionality of 1 USD at any time t is different from the functionality of 1 USD at any time s that is sufficiently far from t. This does not happen with BTC.

I'm not sure in what other way to verbalize the fact that 1 USD is not always going to be 1 USD. It's not about the paper bill, or the number that shows up in a bank account. Those are entirely arbitrary and irrelevant when it comes to the functionality as money.

If you had a fiat currency without a central bank (or a functional equivalent) you'd have the 1 USD = 1 USD argument in the same way that you have 1 BTC = 1 BTC.

Bidets are cute but take up serious space. How do you fit them in the bathroom?

Good morning Bitcoinland. Happy Friday the 13th.

We may be a bit lower than at this point yesterday, but with a different perspective. Instead of being down a couple of grand, we're up a couple of grand from an all-year low... currently $5748USD/$7960CAD (Bitcoinaverage).

This smells like capitulation to me. We've had former hodlers break down and sell the dip (my heart weeps for you). We had massive volume. We've had a sizeable correction back up. We had gnashing of teeth and wringing of hands. Looks like up to me.

Go Bitcoin go.


I don't think you understand what we mean by hodling.

The word was first coined by Gamekyuubi in a drunken typo-filled rant during the bursting of the late 2013 bubble. He basically said that he wasn't panic selling and was going to hodl with the implication that the price would rise again.  

It has since become a symbol of long-term belief in the importance and durability of Bitcoin. It implies that one has invested in Bitcoin for the long term and that short-term price fluctuations are immaterial.

It contrasts against tarding, which is gambling on the price of Bitcoin for the purpose of achieving fiat currency profits by buying and selling bitcoins utilizing short-term price fluctuations.

Hodling doesn't mean you don't use bitcoins.

I consider myself a hodler because most of my coins are in cold storage that I've made inaccessible even to myself without a fair amount of travel and trouble (for security reasons).

I still buy coins when I can, most recently right here in the jungle from a friend who was cash strapped and needed air fare to fly to Canada to straighten out a financial matter. She sold me back some of the coin I paid her for my first property here.

I have used coins to pay for land, dental work, musical instruments, travel, and the general costs of living an enjoyable life.

I carry a paper wallet with me when I travel with enough coin to cover an emergency and several empty paper wallets so I can sweep and return what's left over several times if necessary.

Hodling doesn't mean not using Bitcoin. It simply means not tarding.

How do you get your arse dry afterwards? Do they have an arse dryer like a hot air hand dryer?

Yes, I do agree with your comparison between BTC and USD. That's why I do like BTC.

But still...

1 USD (with its inherent shitty features, like unpredictable emission rate, risk of being turned into completely useless paper and whatever you want to add here) = 1 USD (with its inherent shitty features, like unpredictable emission rate, risk of being turned into completely useless paper and whatever you want to add here)

It's just an equal sign with both *IDENTICAL* values at each side of the equal sign. That shouldn't be debatable.

Like "cmqñljer=cmqñljer" where I don't know what "cmqñljer" really is, nor its characteristics, nor I do really care... but I can safely say that 1cmqñljer = 1 cmqñljer.

But... If I wanted to really explain its advantages I would focus on them instead of just saying that 1cmqñljer = 1 cmqñljer which I don't think is a very good argument to convince anyone. And the same applies to 1BTC = 1BTC.

Anyways, people will keep repeating it at each and every dump as some sort of miraculous Vodoo. I know. I will just have to live with it as I have done all this years

How do you get your arse dry afterwards? Do they have an arse dryer like a hot air hand dryer?

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.