Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8530. (Read 26709924 times)

It has intrinsic value but part of that value is that it has the potential to replace currencies. They actually call it a cryptocurrency...so maybe it should be used as one.

The trend has not been toward more uses in spending but less. I have to agree with Mark Cuban on this one...if you can't use it other than just speculating on it, then what's the point? Just speculate on any number of other things with limited amounts.

My hope has always been that it will replace the dollar. Without the dollar, the US cannot print money out of nowhere to fund its endless wars.

Yet you have already handsomely profited from the SoV and appreciation due to scarcity qualities of BTC?

I mean... Bitcoin is working as intended... If there wasn't an intrinsic value to it (including speculation/appreciation) why would it hold any value as a currency? How would it be different than just "numbers" in a bank account referring to some FIAT debt waiting to be repaid by another person?

It all goes to the hand to me. It just needs to hold some value to a more widespread public and it will end being a better means for payment. Not the other way around.

Also, mainstream adoption needs more time... and if it that adoption is led by greed... well, that is a great motivator I think. So just let it be.

And they'll say equally uncomplimentary things about white devils, but if we sit down and start talking like individuals we'll find we're all rather lovely and not responsible for the gross societies we find ourselves marooned in. The chicks are mental though.

And don't order the tortured bat if they invite you out.

This frustrates me as my support for Bitcoin is as a currency, not as some sort of replacement for gold to be exchanged and used for long term savings. The plan was to replace fiat...not just exchange value in fiat.

I have not seen anything to get my hopes up on this at all. When BitPay turned into BitCashPay we lost a major advance toward using Bitcoin as a currency. I have learned that BTCPay is a great solution for this but most companies just want to sign up for a service and have money deposited in their bank accounts.

I have had to move from paying my hosting services in bitcoin to dusting off the old credit card.

Years ago I started work on a cheap, simple device to put in a retail store so they can easily accept bitcoin without having any knowledge of bitcoin. Now I feel like if I were to approach a business owner they would start talking to me about "crypto" and shitcoins and get lost in the speculation of it all...finally passing on plugging in my device.

Oh well, maybe another ETF to make the price in fiat go higher...

yay

You can't fool anyone. You are also a two digits schrodinger stash hodler. Maybe two digits satoshis though.

Information of interest.




Source: https://twitter.com/ChartsBtc/status/1221825736593424385
            https://bitcoin.clarkmoody.com/dashboard/

I may or may not have been stacking thousands of satoshis.. or even six-digits satoshis,  you fucks!!!!!   

I get that too.

There can be a certain amount of nerdiness in early adopter-ness of BTC... and that nerdiness can attract some folks to gravitate into shitcoins way more than the shitcoins deserve because there seems to be a lot of potential innovation that is confusing regarding the value contribution potentials - without realizing that there is also a lot of innovation going on with bitcoin, too, even while there might be more nerdy stuff going on with a number of the shitcoins, including the fact that some guys could get into shitcoins and learn all aspects of the coin, which might be a lot harder to do in bitcoin, even in terms of getting any of your ideas heard in bitcoin when there seem to be so many really smart people who might already be working on ideas that you thought that you had in regard to some potential bitcoin innovation. 

But, yeah, mindset could change significantly with some people who might have bought into BTC early or played around with the tech early, and then kind of forgot about their dust wallets (that currently have a lot of value), and sure some early nerds likely had purposefully cleared the various dust from their wallets, including making some (now seemingly) dumb purchases with their dust wallets - but geez the value had gone up...

And, on the other side of that coin, there continue to be a lot of people who tell stories that fall into a kind of common theme about thinking that they understand bitcoin because they had heard the word several times but then later they realize that they did not know shit because they were too willing to lump bitcoin into a kind of category that ended up being inaccurate.. even old-timer bitcoiners can be a bit guilty of that (including yours truly, even though I hate to think of myself as an old timer when my bitcoin (mind-kinda-blown) starting point is in the late 2013/early 2014 arena).

Yep. I know I have said in the past that I was a "double digit" BTC hodler but:

1) I could have been lying or misrepresenting reality.

2) That was in the past. That could have changed already.

3) Maybe I can not access my stash anymore. Haven't tried lately to be honest so maybe that is true even if i don't know it!

4) Even if it is still the case, that could substantially change soon if I decide to sell some. Or maybe I already did? Who the fucking knows.

SCHRODINGER STASH!

it is a different mindset. i had a strategy for mining that worked for my situation as far as how much was long term vs play btc. but also consider at that time i wasnt in in for the long term value that may or may not moon/crater at any moment. it was for fun and belief in the tech. i wanted to use it. not just collect it.

i still have that respect of course. but with the 50 thousand percent increase in value (or whatever it is) now greed factors in

I think I might be racist.

China is an incubator for everything bad; disease, pollution, and totalitarian methodology.

Their sheeplike, give-a-fuck attitude has become a hazard to all civilization.

Their "divergent cultural mores" around truthtelling are repugnant.

There, I said it.

Definitely agree with all this.
Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?

Since it seems to be becoming a sin (or a crime) to be "observant" - even in this thread.

I was thinking about ordering one of these kits, just for funzies:

All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated.

You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses.

I have seen people LITERALLY wipe out (FIAT) millions in a short amount of time. And we all know Searing inclination for play girls


P.S.: I seem to recall some post about how jbreher lost *15,000BTC* on a bad investment in the past. There's that as a great example.

Damn you JJG, you’re way too observant in this thread.

Insert boating accident quip

You, LFC, responded faster than I was able to edit my post...  so I had added a few more little quips in there.. directed at you, personally...  .. I am quite the comedian (and inadvertent stalker wannabe, too)...

I personally believe that Searing is attempting to find a bit of a different balance in his future strategy... because I don't believe that he wants to really inject too much new value into BTC... but yeah, it is difficult to figure out a way to buy on the way down, if you are not really in the income earning mode that gives you extra disposable income that you choose to put into BTC when you have already a decent amount of value in BTC (including having had invested a bit more than you feel that you can afford to lose ... at least on paper)... 

He still has WAY more than that. I don't consider he did so wrong (it is easy retrospectively) selling at around $4000K in his particular situation. Otherwise he would have probably panic sell way more at the final bottom ($3.2K).

I am of the opinion that selling what he NEEDED at that time, made him a stronger hodler for the rest of his more than healthy stash. A price that had to be paid to have some peace of mind.

Good!
Buy on the way down damn it.

He's got about 98 of them (at least after those anticipated sales of those shitcoins)... not to be too specific and to break his opsec (which happens to be around the same ballpark quantity as you, LFC)...       

Of course, he can deny every fucking word that I scribbled in this baby wall of text, and I would not be offended in respect to his likely boating accident, even though it was a fresh water accident since he happens to be kind of far away from oceans...  

Maybe I know too much? #nohomo  

How would you play it bkbirge?

I am thinking that of us are gaining confidence that the bottom of this particular cycle is in.  But you are not feeling so confident?

Remember our current local bottom in mid-December was $6,424, so we do seem to be creating some distance from that $6,424 price point - but maybe we cannot really rest with confidence until we break above $10k.. and start playing around with staying above $10k?  Hard to say for sure, no?

I agree that the article seems to be suggesting UP before DOWN, while asserting that the bottom is likely in.. especially difficult odds to get any BTC below $6k into the future.
 
Personally, I don't really believe in the sentiment of the article because it seems to be trying to predict the next low points to buy BTC, and I suppose that it assumes that people already bought BTC in the recent $6ks and $7ks... which would cause the thesis of the article to make a bit more sense. 

If a person has not bought any BTC yet, then the considerations and calculations would likely end up being quite different from the persons who had already bought decent amounts of BTC in the $6ks and $7ks.. perhaps?  Perhaps? 

Another consideration would still be if a person is in the early BTC accumulation zone or if s/he has been in the bitcoin accumulation game for a while, and if the person is in the just getting started mode, then waiting for low BTC prices might not be a great strategy forward... especially since we have had a lot of dip already and a lot of BTC price consolidation for the whole last half of 2019.  You seeing our current BTC price predicament differently, bkbirge?