Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BayAreaCoins]

I'm printing paper wallets on toilet paper now.

It's the virus times version of Casascius coins

But that only works if you have toilet paper on hand. If you're fresh out and you call around and find the nearest tissue paper is at a store hundreds or thousands of miles away, you can simply drive to a closer ATM and get several sheets to wipe. Here in the US, that may be 20 bucks per wipe, but you do what you got to do.

Guys look at the master races who dont use toilet paper at all but a so called bidet

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

The fan dry takes forever... it's best to just use a bit of toilet paper or a washcloth.  Dripping dry feels really gross and isn't really an option lol... just letting yall know!

I have several Brondell bidets.  Good investments even when there is plenty of TP available.

[lightfoot]

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

[JayJuanGee]

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.

- hodl is such fkcud up

only real scale & use can fix bitcoin

- finally:

hodl: no use case

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

Not too many people using paper wallets these days, but likely can have a lot of practicality in the way that you are using them, jimbo.

[Biodom]

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

R you kidding?
It could be installed on the existing toilet.

Luxe bidet neo 120 on Amazon-$50
order before they ran out, lol

[nutildah]

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

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.

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.

[Ibian]

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.

Heh even then, it won't work. Hodlers hodl on, and the coming rise will be that much more impressive. I don't even know what a plustoken is.

[Ibian]

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

Slightly off topic:

A math meme that is funny rather than stupid:
Solve carefully!
     230 - 220 x 0.5 =

You probably won't believe it, but the answer is 5!

Source:

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

what the hell is that nonsense about

[bitebits]

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

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.

[Icygreen]

@Geovanydesiju10
Quick Reminder" No one holding #bitcoin  lost anything Example: If you had 0.01BTC Before this Market sell off Guess what: You still have 0.01BTC in your wallet You only loose if you anxiously try to convert BTC to worthless FIAT
https://twitter.com/geovanydejesu10/status/1238564266879471618?s=21

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.

I think that's called intrinsic value 

[Ibian]

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

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.

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

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

[BayAreaCoins]

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

It takes up the same exact room as a normal toilet seat.  Plus it is slam proof, heated, and has a light in the pot.

The sprayer(s) go in and out of the lid.  The remote controls the spray temp, pressure, movement, seat temp, fan temp/speed, carbon filter fan in the shitter and a "cleaning" button for the sprayers.

https://www.brondell.com/swash-1400-bidet-toilet-seat/

[BTCMILLIONAIRE]

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

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.

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.

This isn't about reflexivity because the argument is precisely that dollars are not reflexive over time when it comes to their functionality as money, and your example doesn't hold either.

Either way, instead of wasting so much time on shitposting you might want to actually use that same energy on trying to actually understand what is being said.

Perhaps you might even be able to figure out that 1 USD at time t (e.g. in the year 1995) is almost never the same as 1 USD at time s =/= t (e.g. today). Your example doesn't hold regardless of the presence of a central bank as it concerns the argument at hand.

Go back to playing Minecraft instead of trying to pretend that the minting date of currency having no impact on its value when spent at the same time is some sort of revelation.

[BTCMILLIONAIRE]

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

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.

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

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

Are these pseudo-art retards trolling or are they geniuses when it comes to laundering money? What is even going on in that world?

[BayAreaCoins]

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

[JayJuanGee]

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

What does that mean?

If you were playing with $1,000, then depending on your entry and your exit, you could have made up to $100,000-$1,000 = $99,000-$650?  which would mean if you were working with $1,000 as capital, you could have made $98,350?  Of course, if you were only betting $100, then you would have just been able to make $10,000-$100 = $9,900-$650= $9,250?

Something seems to be missing, in regards to your entries and exits and then in what circumstances you would actually be able to achieve 100x?

... You have to be willing to loose it all first.

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.

Bitcoin does not seem to work like that.  We rarely go from a state of extreme excitement, and transition into pure sideways... I am having difficulties remembering any situations that were really like that.. yeah of course consolidation extremes will frequently narrow, but still seems difficult to see how we could go from such a great red candle of just a few days into a kind of boring status... such scenario seems quite unlikely.. even if you might be hoping for such.

[JayJuanGee]

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

I am still mad at you from earlier.. but sure.. what you are saying, with pictures and everything, makes some kind of senses.. 

Thus, thanks for the help... and thanks for causing the theoretical to transition into a kind of realistic practical.   

[JayJuanGee]

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.

Overall, I like your plan.   

The only supplemental suggestions that I would make is that 1) you consider NOT getting so caught up on round numbers or solely a BTC long term strategy that involves only buying BTC on the dip and limiting your entry points and 2) you consider some flexibility on your 6-8 month shaving off of profits plan.. 

In other words, I would suggest that create a plan to periodically invest in bitcoin, no matter what the price... (aka DCA) such as $100 per month.... or some other amount that you conclude to be both reasonable and an amount that you will not miss in the event that bitcoin were to go to shit...
 
Even $10 could be reasonable, though since you already have accumulated more than a whole bitcoin, I conjecture that you could reasonably afford much more than $10 per month for such DCA efforts (and not even miss it... the price of two fancy coffees).

Regarding your plan to shave off some profits at 6 months after the halvening, sure that might be a good plan.. but BTC price growth periods of the last couple of halvenings took well over a year to play out and arguably each of them took in the ballpark of 18months after the halvening to really show their stuff.. so you may be selling yourself quite short with such a short 6 month window, and really do you believe $2k is going to make you feel better?  sure, maybe it will, but maybe it would make you feel even moar better if that $2k ends up being in the $10k to $20k region in 5-10 years .. which seems to be a way better investment horizon for someone who is just getting in with a bit more than 1 BTC currently.

[Icygreen]

The virus is a worry. I originally overreacted and purchased 200 n100 masks, 4 pairs of swimming goggles and 10 entire boxes of 12 x250ml hand sanitizer, this expensive water filter big berky, 400 dollars worth of cans, pasta,cereals and rice. I have some weaponry and even a thermal scope that i traded for a weird modern art kind of picture a while back. Only used it one time with my friend to search for his dog that escaped at night.
If things get really bad I will do my best to survive the virus or civil unrest. I hope things will not get crazy and that in a few months we get back on track.
The only thing of any possible future value that you can protect easily is your private key. In my area I expect nobody would really even consider the residents would have such a thing. The other thing is, if I didn't make it out of this, then that's another 1.1 btc deflation.  
I do agree that when something like this happens, it does put investing and striving after an improved living standard into perspective. Although now I have a whole btc I am sitting here almost smug and happy. I don't even want to hear about covid19.
I finally become a member of the new wealthy elite in digital money   and we immediately get drive back to the barter system.

Great to know we've got Joe's like you out there ready to fight for it! Welcome to the WO's, your battle hardened hedge is safe in BTC. One of us!
Honey badger DGAF!

https://twitter.com/selfbankt/status/1238546534465224706

[VB1001]

Good morning WO,s

Imagine thinking that printing money solves the problem caused by printing money.

https://twitter.com/Bitcoin/status/1238608438797701121

Bitcoin is halving its block reward at the same time the Central Banks will be doing the craziest money printing experiment in history.

The writing will be on the wall with very bold letters.

Seems almost scripted.

https://twitter.com/hodlonaut/status/1238466643522658306

Bullish, always bullish

[JayJuanGee]

Guys, sorry for saying this but fuck crypto.

We are all going to die if they don't fix this shit soon. (or we'll wish we are dead) There are far more important shit going on and bitcoin's price is the last thing I am worried about right now. A lot changed in the last 24 hour.

The virus is spreading like how do you spell that shit expotential wat... error54 exponential? something like that.

We try NOT to muddy our thoughts too much with the concept of crypto in this thread, but instead attempt to focus more on king daddy, aka Bitcoin.

Accordingly, bitcoin might not be any kind of exact solution to a lot of the ongoing bullshit in the world, but it can serve as a kind of hedge that might provide some degree of peace of mind... Yeah, sure bitcoin is not any kind of complete solution, but it is something, and part of the reason that some of us invest into bitcoin is not ONLY for the get rich quick aspects of bitcoin, but also that it provides some solid framework that can motivate world actors to attempt to be more honest and accountable ..in a way that also rewards the pursuit of self interests in a free market kind of way... Of course, it is not perfect, but it is a kind of sanity hedge... and I suggest that you invest some finances and psychology into attempting to understand it, without devolving into a going overboard state.   In other words, get a grip, mindrust... and aim towards putting king daddy back into providing some kind of meaning in your life.

Just trying to raise awareness.

This shit is serious. I didn't care about it much tbh till yesterday. Now the more I read about it makes me even more sicker than selling the bottom.

No you are not.

You are just having a really bad day.
Your judgement is off by orders of magnitude.

Oh, and grow a set, will ya?

I'll go away if that's going to make you feel better.

They always say that they are going to go away.. but they don't... they just become more and more and more bitter.....

Much better to figure out some balance and get back into bitcoin in some kind of a balanced way - otherwise you are going to be kicking yourself (and us) for much longer than any of would want to experience.

just came back from the future. already have bought a castle and an island with BTCitcoin. did anything important happened?  

what happened to user "mindrust"? he was a good TA guy too.

He actually believed in TA too much.. which seemed to have contributed to the problem that he put himself in.