Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8253. (Read 26711568 times)

OK, just to humor you, I watched it. Oddly, I don't recall the world's financial system undergoing a Global Currency Reset on 2014 Jul 20.

South Korea passes one of the world’s first comprehensive cryptocurrency laws

https://techcrunch.com/2020/03/05/south-korea-passes-one-of-the-worlds-first-comprehensive-cryptocurrency-laws/

Gotcha, fam.

Hell, I chortled.

Unh, ... yeah, ... I dunno.

In my experience, schoolchildren typically live in close contact with parents and other older peeps. Like, you know, for the 18 hours a day that they are not at the communicable contamination centers.

Congrats on the cessation of the whoring out of your reputation for a few miserable shekels.

You are wrong, and I was there.

Boomers at the time in the mid to late 1980's were totally gushing over a system called "AT&T Connect". This was to be a global network that companies could tie into and consumers could access through the wonder of 64k ISDN access. It would run using X.400 messaging, Novell's NDS directory service, and the beauty of IPX/SPX networking protocols, big enough to cover the Earth.

Think France's MiniTel on steroids. All run and centralized by your loving Phone Company.

While this was going on a bunch of us working with places like FTP software and Wollogong and such had turned the ChaosNet protocols (which is why 10.x.x.x is a private internet address block, it used to be the ChaosNet block) were writing PKTDRV packet drivers to allow IPX equipped PC's to speak TCP/IP and join the wild world of USENet on the Internet with SMTP mail and DNS for host lookups.

That was developed by the teens and early twenties people including me. Jobs and other Boomers latched onto it once it blew past Connect but you can bet they were all behind the IPX and Appletalk bandwagon when the Internet was being built.

So no, Boomers did not build the internet. They wanted to build yet another pile of crap that matched their existing worldview.

What halving? I thought this was the coronavirus observer. 

Only r0ach a likes will hate those ....

Oh gawd... gotta roll my eyes at the immaturity of this savage idea.    

Get a grip,  Ibian.


Edited: 

Whoaza!!!!!  bkbirge already addressed this much more eloquently than me....

I agree (when looking at short timeframe charts). So if there's no pump within the next couple of hours, i guess it's sideways again (or bart finishes his haircut soon).

days of the week remains an arbitrary social construct concept.

You should realize by now that there are many bitcoiners who do not buy too much into arbitrary social constructs, including yours truly.....  

 

I love halvings.

All good things must come to an end...

At least, that is what "we" are told.

 



I am sure glad to be missed... Thanks.. vapourminer...      

I am going to hold back in making any substantive response to Gyrsur's post currently because 1) he framed the question quite weirdly... "the DCA strategy"... hahahahahaha  have you heard of such a thing?, 2) there's 60 pages between my current readings and the current postings, so a) I am quite behind, and b) I have some confidence that either i) some charitable member has attempted to answer Gyrsur's question or ii)  Gyrsur has reasked the question in one or more of the subsequent 60-ish pages.


Edit:

You see (see below).  I told you that some member would respond... that was the one that I mentioned above as option 2)b)i)...... Thank you Xhomer....


I agree with everything that you said xhomer.... the only two clarifications that I would make is:

1) the $307.69 per every 2 weeks from a hypothetical $8k budget suggests that the hypothetical person is spreading their DCA value injections over a full calendar year (26 times).   I took out my calculator to verify your numbers.

2) DCA is o.k. with UP, DOWN, SIDEWAYS or whatever, it does not matter; however it presumes both that the investor a) has inabilities or unwillingness to predict the market price and b) overall, in the long run, the value of the asset is going to go up, at least that you would be able to cash out at profit at some point.  

If the investor does not have enough confidence in an asset that they believe that it is going to go above their cost per unit at some point after DCAing for a while, then they should not be investing in such asset in that kind of DCAing way.  Using DCA is usually intended as a long-term kind of investment strategy, but employing DCA still would not mean that the investor is locked into investing in the long term, especially if the investor loses confidence in the chosen asset in the future (sometime after beginning DCAing)....

Of course, all of us hear that we should buy high and sell low, which surely is a true concept if we can achieve it, so it is always preferable to be able to cash out of any investment, whether incrementally or in lump sums at a profit, so DCA has the best odds of allowing investors who don't really know about short term price movements to employ a strategy that increases their chances of having some time in the future in which they can cash out at profits, but of course, profits are not guaranteed, even by using solid DCA strategies, and if the investor comes to the conclusion that his/her investment is no longer viable, and is not going to recover from whatever downtrend or ever increasing downward spiraling, then DCA would not stop them from pulling out of their investment completely at some point that s/he perceives to be best for him/her.

Sure, bitcoin has downward spirals and extreme negative price points for extended price periods, so some people might decide to pull out of their investment and even their DCA plan at the worst time and when BTC prices are the best, but that would just mean either that they invested too much, or they did not have sufficient confidence in the long term viability, because they were shaken by the extremes that can happen, and of course, even with bitcoin there continues to be no guarantee that it might not end up in a never ending downward spiral, but if you do not invest more than you can afford to lose, then you would not be scared to either ride BTC prices all the way down to zero or even to continue to follow your DCA plan.  You could end up being wrong and losing anything, or becoming richie (or more richie) because you continue to buy all he way down and when the BTC price recovers while you were able to bring down your cost per BTC during that whole negative price performance period.

Edit 2:


I agree with this akhjob assessment, too.

hashtag notanargument

A power plant in New York’s Finger Lakes region has set up its own Bitcoin mining operation, using the electricity it produces to generate about $50,000 worth of the virtual currency every day.

oh dear lord

for our meager blessings we give thanks

Yep... exactamente... difficult to type when hands are full.    


hahahahaha

Good one, JSRAW....

What I had been doing was completely voluntary, but there was a bit of other peep(s) involved that sometimes ended up causing a bit of involuntariness (and compromise(s)).... and also, coincidentally, a couple of short-lived incidents with damaged tires that took a bit longer than expected to resolve but with completely reasonable and favorable resolutions.


Largely, it's coming from me, so I doubt that you can cause it from the outside.... but I am expecting a decent amount of similar phenomenon's into the future...... no guarantees, of course.


Seems that I am much older than you, dude... so you should not be too presumptuous about any of your speculations in this direction.

@jjg its Thursday, if there is one day not to return... then its today!

I had been thinking about responding to this post for about a week, jbreher; however, I had just been getting caught up with other matters before I was able to actually type out a message.

I suppose that in the past week, you may have added more to your position, too, jbreher.  I recall that I had around 16 buy orders fill when  I first saw your post, but then I had a couple more fill within the past couple of days when we dipped down to $8,410.

So, yeah, it has been a pretty productive buying session (not sure if it is over yet), even though this time around it had taken nearly a $600 drop before any of my buy orders even began to trigger, but in the end we got a decent amount of correction and my sell and buy orders hit this one pretty well in a kind of best case scenario way. 

Seems that I am playing with a smaller portion of my holdings than you, though.. not that I have any precise information about your total holdings, beyond some internal conjectures.. that may or may not be accurate.. not that they are specifically relevant to the whole scheme of things in terms of overall strategies.

So, yeah, currently, getting pretty damned close to hitting sell orders in the $9,300 area, even though, you have likely already been hitting sell orders, since you seem to be continuing to play both tighter spreads and tighter increments than me, too.

Coronavirus update:

- There are 97,070 confirmed cases worldwide, including 3,351 deaths.

- 84 countries infected. South Africa, Boznia & Herzegovina, the West Bank, French Guiana and Slovenia added.

- large increase in cases in Italy, from 3,089 to 3,858, fatalities from 107 to 148. Cases in Greece +200%, Belgium +120% & Netherlands +100%.

- Italian government orders all sporting events to take place without fans until April 3.

- 11 new cases of coronavirus in Westchester County, first 2 cases in San Francisco and 2 new cases in New York City. Tennessee and Nevada reporting first cases. California declares state of emergency.

- Lebanon sees cases double to 31, Norway 72. Switzerland reports first death and 80 cases.

- Seattle closes 26 schools.

- Japan will suspend existing visas for visitors from China and South Korea and quarantine them for two weeks.

- HSBC evacuates London office due to confirmed coronavirus case. First death in the U.K, 115 infections.

- India will close all schools in Delhi for the rest of the month.

- Iran announces all schools and universities will be closed for a month. Outbreak happening in Iranian prisons, goverment will release 54,000 prisoners ''temporarily''.

- Greece closing schools and universities and cancelling large public gatherings.

- Hong Kong dog diagnosed with "low-level" coronavirus infection, first case of a likely human to animal transmission.

- Travel sector collapses.

- Israel orders quarantine for arrivals from France, Germany, Spain, Switzerland and Austria.

- Chinese scientists claim that the Covid-19 virus has probably genetically mutated to two variants: S-cov & L-cov. They believe the L-cov is more dangerous, featuring higher transmitibility and inflicting more harm on
   human respiratory system.

- European bank stocks are down 25% in 13 trading days. U.S 10-year treasury yield to a new all-time low, stocks are collapsing again.

- All mosques and churches closed in area of Bethlehem.

- Covid-19 spreading route is already unstoppable.