Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9627. (Read 26607446 times)

Gonna catch up tomorrow

Into HODLsleep

Good night WO brothers

I would argue to always stay diversified as possible but I've no idea on personal details and where the correct balance lies for anyone of course.    Too many people are way too stressed in their jobs and stress will damage your health no doubts but thats not often considered fully.

LFC great post, I do think similar.  It would seem BTC is reacting to monetary policy which is weaker and DOW for now is speculating on future trade flows, any barrier to trade being a negative opposite to the benefits mutual trade can bring.
Yuan being devalued which is no benefit to the people who must suffer that cost encourages greater usage of BTC across the population of communist china who miss the benefits capitalism should bring them.

Bullish video by nic trades - https://www.youtube.com/watch?v=vt-qhanpvQ8
https://youtu.be/bqDZyuJmQeo?t=391

Never really agreed with this narrative though I realise its not completely serious but BTC has to circulate as some kind of economy, at every price it has to be reasonable to buy or sell.   Monetary velocity would be smarty pants take on that, lots of circulation is good for underlying value from that usage.

A few hours ago PlanB tweeted:
https://twitter.com/100trillionUSD/status/1158226096325705728?s=20


Well, things are going south:
USD CNH:
https://www.fxstreet.com/news/usd-cnh-rallies-to-fresh-highs-as-us-treasury-calls-china-as-currency-manipulator-201908052232

USD HKD
https://www.bloomberg.com/news/newsletters/2019-08-05/currency-manipulator



I think this is the main reason behind this green move.

Trump said China is Devaluing FX and playing unfair..
WOW
Who was the first to play with currency starting QE?

Go bitcoin GO!

Vod is very, very wealthy from bitcoin. I’d say only possibly Bob or another person (who I won’t name as he may not want me to) are on a similar monetary level as Vod.

I will say, Mic, that the point with this kind of action should not really be so much about how much to invest, but rather about whether how much that a person has already invested has given that person enough security to be able to have reached a certain level of fuck you status.

Of course there are levels of fuck you status, and surely some people want to get freed from some of their JOB obligations before they have even achieved full fuck you status.

So, in some sense, an investment of "time" into BTC (or it seems to be a bit more a convoluted "crypto" concpet with this guy?) does become an additional aspect of investment that the guy might believe will pay off enough that he can move away from a current income stream that he does NOT consider to be as self-fulfilling as bitcoin/crypto.

hahahahahaha


Surely would be funny to lure (or troll) Vod into this thread and to test his level of bitcoin dedication.   I cannot recall him ever posting in this thread.  Hm?

You had some bad experiences?

Of course, when you have no money and you have no assets of any kind, you likely tend to be more risk taking and also you tend to be more radical in your politics, including redistribution because you have a tendency to conclude that the status quo does not have much if any value (at least from your personal perspective)..

At least your stupid ass bot or whatever the fuck you are seem to be self-aware enough to realize that you are spouting out a lot of mumbo jumbo that is not even worthy of repetition... it is like you are trying to string too many ideas together.. which probably is a purposeful aim of yours.  I like the lil piggie, though.   

It's the saw that even a dweeb hits a correct point every once in a blue moon, or maybe even more frequently if s/he/it plays the numbers game.

Stocks today -



Crypto today -

Credit - https://twitter.com/axelunlimited/status/1158485039128035328?s=21

@jchervinsky
Bitcoin is doing exactly what it's designed for today:

- Fed cuts interest rates, making money cheaper
- China devalues yuan, escalating currency war
- Dow falls 760 points, losing January 2018 highs
- Bitcoin rises 7.5%

If you're surprised, you haven't been paying attention.

https://twitter.com/jchervinsky/status/1158474753427963904?s=21

OMG I can"t believe that I'm about to turn in my resignation letter to the government tomorrow after I decided to go all in on Bitcoin and Blockchain technology.

I'm scared, nervous, excited, and happy all at once. No guts no glory.

Hello Crypto revolution!



https://twitter.com/TheCoinDad/status/1158209187178012672?s=20


I have to say, i'm not advising people to do exactly this..... But F*** I do say don't take this mainly BTC investing to soft cause you might regret....

For me and imo the rule of only invest what you're willing to lose applies more on the sh*tcoins (ALT-coins)

I do not believe to "only buy BTC with what you're willing to lose, cause for me buying BTC= winning big time"

I don't say buy, lay back and tomorrow you be rich, No no noooo... keep working keep creating wealth, but to buy pieces of BTC with that cash flow, also keep learning reading everyday and try to use BTC where and when you can.....

Srry, but for me the time of saying only invest what you are willing to lose = over


Now, I say... buy to be safe !!!!!!!!!

I guess we'll all have to sacrifice either time or money and choose between a young (middle-aged) man with a modest house and with a Lambo on the drive and an old fart with a mansion pulling up to the club in a Lambo 

^
That gif really made me laugh

FFS

Is that Vod, by the way

The ones who miss out will become even more hostile.  We know about FOMO, but we may have only experienced the start of HFMO (hatred from missing out).
https://twitter.com/NickSzabo4/status/1157693376898064384?s=20

indeed, r0ach is a perfect example

Money makes you think twice on who you let into your life.

Btw, this is a reason why we BTC

No, it is not a pump and dump. it is a single organization pump and dump.

Actually, I do something very similar in that I create very conservative expectations; however, even though my tentative cash projections used to use 6% as a kind of per year increase in value of BTC, I upped that to 12%.  I am perfectly fine with moving back to 6% or even lower, but I just tentatively conclude that 12% is more realistic (even though it is still likely to be really conservative).. but even if BTC were to perform really conservatively over the coming years (which does not seem too likely), it is still a very great bet, not only for the price appreciation that she has already provided but also for the "potential of a profit" that might not end up being realized in the real world.   


Yeah, surely people love explanations for things, and they try to make bitcoin out to be some kind of widely known asset.  Fuck those stories... people don't know shit about bitcoin because if they did they would take a bit of a stake in it.  Furthermore, maybe a decent number of people have heard the name, "bitcoin", but merely because they heard the name does not mean that they know shit about what it actually is... even if they might even have some talking points about it.. that are at least 90% likely to be inaccurate.  Even a decently large percentage of people who I know who have actually bought bitcoin frequently get mislead in their understanding of what bitcoin is... probably the most informed people are proportionately in this thread and some threads like this one that may exist in some other areas of the interwebs to the extent that they are not coopted by misinformation shills/trolls that can easily begin to dominate and distract the thread contents if you do not have at least a few relatively strong voices calling bullshit on them from time to time.  We have quite a few peeps in this thread willing to call bullshit on the troll/shills on a regular basis - so we are good in that respect.



Yeah.. gosh.. I don't really know how to get people out of their inclinations towards both unit bias, which seems to be part of the informational arena that contributes to their either not getting into any investment of bitcoin or getting distracted into shitcoins.  Some of the movements towards sats can maybe help in this regards, but lots of people seem to need to learn through their own explorations of their own stupid... and none of us are really immune from such, even if we have kind of grown enough into realizing the repetitive claims of the various shitcoin camps are not likely to be true, even while they seem to continue to figure out some decent new ways to be creative in their attempts to mislead people into valuing their shit projects.



I am not trying to denigrate average Joes, but there are tendencies that average Joes have to attempt to short-cut matters and to take their own path, etc. etc. etc...

I just don't conclude that they learn that easily... and for that reason I still am inclined to believe that we are going to have at least one more pump of shitcoins, scams, ICOs etc etc.. Sure, I would prefer for it NOT to happen, but I just don't know how people all of a sudden become smarter and start to do the right thing rather than gambling on crap.


$20k is not really a barrier... but there should be some resistance between here and sub-$20k-ish.. Maybe in the $17.5 arena..?  Perhaps also the next area of resistance that might be a psychological barrier might be $50k to $70k arena... then of course, after that will be $100k... and surely I am hard-pressed to even attempt to get into specifics about what could happen because we have to see how slow or fast the price gets there and also how many corrections there are along the way.. including how much time those corrections play out... Surely fractal patterns can  be decent guidelines in terms of levels of reasonableness and even measures like the Mayer multiple can give some decent indications about whether the current BTC market is in an overbought or oversold territory and provide some ideas about the sustainability of such price levels (even though that is not a given either, just a kind of reference guide).