Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8531. (Read 26709924 times)

@ Searing, I could have told you for free that selling 13BTC for $3xxx last year was a bad idea.
I hope you still have at least 20-25 left because that was a bad move, brother.

I guess you and Searing share the factor that you were earning some of your income in BTC rather than in fiat, so one thing that puts any BTC earner in the lead of a fiat earner is that s/he is forced to consider his/her HODL strategy ... or allocation regarding what is the ratio of BTC to fiat.   So, there is an implied knowledge of BTC, and a likely conscious measure regarding how much of that value needs to be treated like a longer term investment versus used for daily living expenses.

So many times, we run across situations in which people are living in a way that is way too close to their income, so they do not have any more room for investment, so if your income is in BTC, and if you are in that spending a lot of value situation, then you are likely going to have to cash out most of your BTC.

So the forced consideration regarding whether you are living well within your means or NOT becomes the bigger, question, and I would not conclude that the mere fact that you went through a lot of BTC would be a sign of your being irresponsible, especially if you are getting paid in BTC (that is mining).  That is true with any business.  You would likely be fucked, if you had a business but people made you feel guilty if you spent money that you earned from the business, because the ONLY way that you can NOT spend money from your business to keep the business going is to have another business or source of income that covers the expenses of the business.

Earning money in BTC forces the investment versus spending idea, and none of us are going to get rich from BTC if we do not first have a plan that pretty much restrains us in terms of living within our means.  Yeah, if we have a few hundred thousand of income per year, we are less likely to feel restrained in our living choices than someone who might only have $10k or $20k in income per year.

I appreciate that people with real high standards of living from the start and even high income that have been spoon fed to them from their parents or some other lucky source can also screw up these kinds of wealth preservation matters if they live beyond their income source and might not recognize the extent to which mommy/daddy is going to cut them off or other ways that their income might end up drying up, even if we might say that they won their fortunes in a lottery or some other fortunate situation such as being able to sell a successful business and to have a lot of proceed from such sale that they are able to work with.

Even landing a good job and that "good job" could end up NOT having a long term income, and I suppose some shitcoiners might have discovered some of the shitty aspects of getting involved in those shitcoins, even if some of the skills might be transferrable and they might not have squandered away their credibility, in the event that some projects might NOT help people in terms of building their credibility in the space... in order to ensure future income with skills that have been learned in the space.

Nice share, I forget about the Guppy as it's signals are so irregular. Unless I'm mistaken, the indicator is based on MAs, similar to the MA Ribbon (which is prettier, for reference sake  )

China has banned us many times. Its time for some payback and to ban them. Here is Scott Adams on a China Travel Ban preventing them to come to the US.

https://twitter.com/ViktorGodDoom/status/1221442409562660864

Every nation should ban Chinese nationals from coming into their country until they quit eating bats, Corona V is under control, and Bitcoin is fully legalized.

Trump was quick to demand a travel ban during the Ebola outbreak before he was elected but he wont ban China rn bc he wants to keep pumping the stock market till the election.

If you have a Chinatown in your city do yourself a favor and stay the fuck out for now.

Scientists are still researching a way to use nano size text walls of JJG to bore the virus to death but its in early stages thus far.

Bitcoin Price Indicator That Called 2019 Bull Run Flashes Green Again


https://cointelegraph.com/news/bitcoin-price-indicator-that-called-2019-bull-run-flashes-green-again

https://twitter.com/HsakaTrades/status/1220820646482997248

I'm a bull one year older, but I'm still a bull.

Understood, I tend to get a little grumpy at the "but" thing.

And since I mentioned "but", #nohomo :-)

Turning more bullish Bitcoin today  Wouldn't be surprised at all to see a test of $10K this week based on 2019 extrapolation.


I'm now thinking $8K could very well be the swing low. That's enough indicators telling me we'll continue to move higher mid/long-term.

When I first mentioned about Bitcoin to my team leader at work (early 2017), he almost laughed at me, as did most of my colleagues. They kept joking about it and making fun of me for some time. Then they kept quiet. No mention about it. Recently some of my colleagues have talked to me in private, asking me how to buy BTC. My team leader is now doing a Master's course at the local uni, where he told me he saw ads for courses on cryptocurrency and the Blockchain...

We're all early adopters, even the "latecomers".

This thing hasn't even started.

GTCTTWW. HoDL!

Interesting if not exactly full of details...
https://cointelegraph.com/news/new-research-shows-bitcoin-denominated-payments-still-a-fantasy

I still can't believe how few have discovered BTC. Sometimes I just like to marvel at this beautiful beast and recount how lucky we are. Staying humble while winning the lottery in slow motion may be a challenge   It won't be secret for long, enjoy and HODL

Good news, a random internet personality says it's unlikely that btc will fall to $6 USD. (OK, title is hilarious, but they actually mean $6k). Still, I think they are really going out on a limb here with that wild projection...
https://cointelegraph.com/news/different-type-of-shakeout-trader-says-bitcoin-unlikely-to-hit-6

heh yeah the 1st time panic mode kicks in.. welcome to the show.

ive never panic sold btc but, like you, ive sorta "panic bought" things, which is basically the same. of course in 2011-2013 or so there was a lot less confidence in btc so the ability to turn majick internetz money into real stuff was an easy sell.

ive looked up my prev mining addys when i gpu mined btc as i wanted to sign messages saying those addys were mine for various purposes if needed. cringworthy is an understatement as to the amount btc that i mined. ive got a small fraction left, and thats all that matters. its a win in my book. no regerts.

TL;DR: HODL is the best stratagy.

I agree with both sections of your post.

About (1), I have many Chinese friends and I know (they've told me) many things about their society and culture. You are summarizing some issues nicely in your post. We saw a similar thing happening in the Soviet Union when the race against the west was more important than human rights. We also see it in countries like China where there's poor hygiene, unsanitary living conditions, and bad practices in regard to processing, selling and eating animals that can be dangerous to humans. I hope that this serves as a wake-up call for them to sort things out, learn from it, and establish laws and regulations that help prevent such incidents from happening in the future.

As for (2), it's just me being over-analytic in what I said. There are things that someone might say that could imply something that isn't true... Kinda like the #no-homo tag we add to something that could be taken the wrong way... Hope it's now clearer.

The rate of inflation matters. Compare btc's with fiat's and you'll see. Or maybe you won't.

1) I do agree that China needs a serious review of many of their internal and external policies. Things that worked great in the old days (improper food handling, no government regulations, no proper standards of hygiene that are enforced, no real quality control or oversight) seem great when populations are small and stakes are low but wind up causing serious issues when populations grow.

This is an old issue, I think of it as a "shitting in the streets" sort of problem. When there are very few people in a location, shitting in the streets is not a big issue. Once you pass a critical mass of people living in an area then doing so starts to spread major diseases. Which is why you have "governments" formed to outlaw shitting in streets and why you then have people jumping up and saying "I always shat in the streets and I will defend my right to shit in the streets to the death" or whatever. Thus forms the first political parties :-)

Note: This is not unique to China. Check out the recent spate of problems in the US with vegetables being contaminated with what appear to be human feces. This is an interesting problem. My theory is that in the old days illegal immigrants picked the vegetables and being experienced learned not to shit in the fields. When they were removed and replaced by less experienced domestic laborers these new employees did not recognize the importance of not shitting in the fields and.... shat in the fields. This can be fixed with proper training, field port-a-potties, and breaks to shit in a box however that will drive up labor costs. Such is life.


2) Anytime one says "I'm not a (whatever), BUT" the addition of the word "BUT" tends to invalidate the first part of the sentence. It's a cheap and pointless way to try and say you're not an "X" while saying something that could be construed as support of "X". Just say the statement and be done with it.

So just say "Given what's happening and what BLB posted (live rat eating), I thing that China has got to do a thorough house clean-up and get their act together ASAP..." and be done with it. :-)

The outcome of over-controlled population. The worst in a human gets suppressed for ages, in critical times it breaks loose. This is just a symptom of a culture that was "normalized" too much.
Just saw a video on titter (pun intended) of two men who got the throat cut because they were from wuhan. Police and all surrounders wear masks. I saw it on the mobile, so i can't post a link. (turkish source, so i can't check). This will probably grow to dramatic dimensions. Mankind is overdue, as it seems.
To anyone who asks himself why ancient higher developed civilizations "disappeared" so quickly...

As far as i remember, the panic level at SARS and MERS or Zika times were way lower than today. "Social" media also contributes to rising fear levels, obviously.

----

Bitcoin charts look promising again, quite some shorts liquidated according to titter's"whalealert". We have yet to see economical consequences of the china situation, factories shut down atm, etc...
Change a parameter in a complex system, watch the whole thing change in many aspects.

50/50 odds: Somewhere around Tucson's annual gem show, correct?
http://www.tucsongemshows.net/coming.html

Where art thou gembitz   

Safe flight El Dude

WTF guys?

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

I'm no racist, but given what's happening and what BLB posted (live rat eating), I thing that China has got to do a thorough house clean-up and get their act together ASAP...