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1841  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 25, 2021, 02:32:12 AM
How about a bit of sweet, sweet hopium:

https://bitcoinmagazine.com/culture/is-this-bitcoin-price-run-bringing-hyperbitcoinization

A large article with MANY salient points.

Quote
In 2017, everyone was selling their bitcoin for a Lambo. In 2022, don't be surprised if people are selling their Lambos for bitcoin.
1842  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2021, 06:04:19 PM

75% of my stash goes nowhere this cycle. I have sold some at $60,000 & at $65,000. I even panic sold some at $57,xxx & $56,xxx recently. I have extracted a large amount of cash already & have some corn on an exchange which will be sold this year too. I’m waiting for hopefully better prices before the bull run ends on them though.

I can guarantee 75% of my stash isn’t touched this cycle. Some I’ve sold already though & that will total 25% before Christmas. I won’t regret it either. I will be retired at 35 with a new home without a mortgage, no debt, a lump sum of fiat to get me through to the next cycle. Probably look to invest in some stonks & maybe a small apartment or two to rent out also.

75% going nowhere though.
25% partially sold & will all be sold by New Year.

No regrets, after buying & HODLING since 2014 this is the first time I’ve extracted significant funds from bitcoin. I think I deserve it, less pressure & panic watching charts. Peace of mind is something important I think.

Sounds like a solid plan, well executed. Below is a small critique (from a different perspective).

1. It is more relevant for those who don't have other investments. With bitcoin still appreciating nicely, what's the point of selling an asset that appreciates 100% a year and gain an asset (RE) with rents at about 5-7% a year (plus some appreciation)? Of course, if it is a diversification move, than it is another story.
2. I don't really see a point of being retired at 35. In most cases, it does not end up well, but of course, there are exceptions.
3. Paying off the mortgage and spending cash that could gain more than mortgage (3% or even below) also sounds like a move that is typically not advisable. It is more secure this way, of course.

To conclude: nicely done, but you will need to think a bit more as to how employ the cash generated. Does UK have cap gains taxes?
If so, i hope that they are more modest than they are projected to be here soon.

EDIT: btw, check out the fatfire reddit for tips on wealth
1843  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2021, 04:21:23 AM
@JJG

jeez...asking for a source for an extended passage in the age of google, etc. Really? With your typical OCD-like attention to details and incessant quotations?

Almost as soon as I 'declared' you a humanoid, you put me back in a "they pull me back in" situation.
People typically don't want to convince anyone that they are people by being prone to something contradictory to their displayed "ego".
Bad upgrade?
Sad.

1844  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2021, 03:39:30 AM
Farewell Cardano.

to me it looks like a possible short-influenced play, which is possibly indicative as to where we are in our diminished cycle.
not truly relevant to us, though, which makes it kind of a nuisance rather then important on the balance.
I am a bit more concerned (in the near term) about the latest verbiage coming from India.
1845  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2021, 02:02:18 AM
This is unfortunate..go to a hotel, for crying out loud.
I spent a few days last winter without power (see Houston winter storm), it was extremely unpleasant as the temperature was dropping down to 40[oF] (aka 4-5 in oC) inside. Almost nobody has wood furnaces around here.

The portable heaters are actually helping quite a lot, so a hotel should be unnecessary. It's just turning into a real pain in the ass trying to find anyone able or willing to work on it. If there's no response to my various evening's emails by lunchtime tomorrow, I may have to have a go myself  Shocked


Still, cold air abounds.
Who knows when warmth next shall come?
Might not see Sunday

#deathly haiku

dude...on one hand "hotel should be unnecessary", but on the other hand "might not see Sunday".
the solution is simple: put that plastic (or cash) down and get worm, seriously.

I would have done it in a minute last year, but there were NO hotels available since the whole city was frozen with NO electricity. js.
1846  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2021, 01:23:57 AM
Returning home after a period of travel, to find my central heating furnace has died. To summarize a very long (and doubtless boring) story, my furnace is of a very specific type and no local tradesmen are interested in either trying to repair it (which I think is unlikely, since it's 30 years old) or replace it.

So I'm on Day 5 of zero heating and it's 1C outside. Brrrrrr. I made a trip to collect some portable heaters which are currently being rotated around various rooms in the house, which is helping.  But there's no end in sight to this situation. I've fired off several late night emails to various suppliers and contractors in the hope that at least one of them will reply favourably by morning.

I keep checking the Bitcoin price to try to find some positivity in an otherwise cold and cheerless house. In that regard, today is looking a little more optimistic than recent days.

Thought I'd share my tale of woe here in search of some WO brotherly love. I need a (virtual) group hug  Undecided

image loading...

This is unfortunate..go to a hotel, for crying out loud.
I spent a few days last winter without power (see Houston winter storm), it was extremely unpleasant as the temperature was dropping down to 40[oF] (aka 4-5 in oC) inside. Almost nobody has wood furnaces around here.
1847  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 23, 2021, 11:08:28 PM
BTW, regarding inflation..around here all building stones (marble, porcelain, etc.) suddenly shoot up upwards in price (30% or more)..contractors are saying that this is due to the supply chain problems. Inflation is definitely outpaces gold rn, bitcoin is still able to hold on.

A funny factoid: meat-eating/collecting bees

https://gizmodo.com/flesh-eating-bees-renounced-pollen-for-rotting-meat-1848112925

Never thought that it would be possible.
1848  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 23, 2021, 07:02:08 PM
^ [re pic above] wouldn't that be too distracting, lol.
1849  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2021, 11:21:07 PM
HODL
I never get that: if you didn't sell at $69k, why would you sell when it is $56k?

Plenty stupid people out there like the ones shilling & buying meta verse "land".  Roll Eyes

maybe you should leave metaverse out of it as far as stupidity is concerned?
people were saying the same about the internet and, yes, some of meta projects "RIGHT NOW" look ridiculous.
I am not so sure what would happen in 10 years.

My thesis now is that btc is not an investment for me anymore, it is my savings account (with a pretty nice appreciation rate).
Investments are other unnamed projects with a tiny allocation in each, almost like a seed fund.
Most of those seeds would die, but some, hopefully, pan out....just like bitcoin did looking at it back from 2021 to 2013-14.
1850  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2021, 08:32:04 PM
..This is communists taking advantage of those who cannot think well for themselves.

With the perpetrator bonding out for $1,000, I have grave concerns with the trajectory this country is on the precipice of navigating.

Commies? Think China, mostly, with c-suits at Walmart, etc HAPPY to get all the goods from.
How did it happen? By 'it' I mean who is responsible for the de-industrialization?
How come they didn't care to help commies to build up their country which was done, as it is clear now, at OUR expense.

Apart from this distraction, I think that bitcoin cycles are already largely diminished, therefore the price dynamics will follow a random trajectory with a trend up, but we are not going to get an average of 200% per year anymore (maybe 50-100%).
1851  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2021, 12:09:11 AM
Sup, WO?

...spending my weekends looking at marble, quartzite, porcelain, whatever...getting dizzy...SO has big renovation plans....
Imho, it is a mistake to renovate instead of buying a new house, but...whatever.

I might look at houses IF some version of SALT deduction increase would pass as RE tax here is gruesomely high.

I have grown to be somewhat indifferent to time based predictions of bitcoin glory, dgaf whether 200K happens this winter, in 2022 or 2024 as long as it eventually happens. In stock-to-flow terms were are clearly under-performing as btc S2F is ALREADY close to gold's, but the market cap is 1:10 of gold.
1852  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 20, 2021, 04:28:33 AM
Also: about peer reviewed papers - make sure you check who it was that reviewed the paper and where it was published. I could send in a paper which states human shit cures cancer to an "institute" in India and get it published in some BS "science journal" with 50 peer reviews from some indian scientists nobody has ever heard of and probably don't even exist or who do exist and only care about making money.

I would only have to pay a few thousand dollars.

Best way to deal with this is to look up the journal's "Impact Factor". This shows how many times papers have been cited in other journals and their resultant quality.

IF >20=Science, Nature, JAMA
IF <2=Indian Times, DUH, etc.



This is not as good a guide as it once was. There is a lot of stuff that is absolutely not reproduciable in the higher up journals. Publishing has always been somewhat political and a who you know type thing and I feel that it is only getting worse. Though in this case I imagine the Indian Times is indeed shitter. But certainly don't trust the leading journals.

I myself am listed as a author (not first or last) in a recent enough paper published in Nature communications and currently have another paper in the same journal under review.

I also published in Nature, both as a first and last author (not recently, though) and it was very tough to get done as they receive vastly more papers than they could publish.
Many people in our field never had a paper published there and several of mine were rejected as well, then published in lesser journals.

Yep, they would get flooded with papers. We don't often publish in such high ranking journals but if we think we have even a small chance we'll generally take it. No loss if they don't accept, especially if outright rejection (as it's quicker), then just move down the line. Having those high ranking papers does help come grant time so it's definitely worth a shot. Mind you no grants for me this round, but thanks to Bitcoin I really don't care anymore.  

Whats the APC for publishing in Nature? 9-11k USD? Might as well just submit your paper to Arxiv and hope somebody stumbles across it before you die of old age. Lips sealed

Yes, indeed, now is as it switched to OA, but it used to be much less, but it is paid from grants anyway, not from the own pocket. But the true new outrage is the review charge (~2K euro). Now, I mostly teach (don't want to write grants anymore), but when i published there last, there was no charge for review...it is quite ridiculous.
Arxiv is great (and very popular) for physics, much less so for Biology.
1853  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 20, 2021, 01:19:06 AM
Also: about peer reviewed papers - make sure you check who it was that reviewed the paper and where it was published. I could send in a paper which states human shit cures cancer to an "institute" in India and get it published in some BS "science journal" with 50 peer reviews from some indian scientists nobody has ever heard of and probably don't even exist or who do exist and only care about making money.

I would only have to pay a few thousand dollars.

Best way to deal with this is to look up the journal's "Impact Factor". This shows how many times papers have been cited in other journals and their resultant quality.

IF >20=Science, Nature, JAMA
IF <2=Indian Times, DUH, etc.



This is not as good a guide as it once was. There is a lot of stuff that is absolutely not reproduciable in the higher up journals. Publishing has always been somewhat political and a who you know type thing and I feel that it is only getting worse. Though in this case I imagine the Indian Times is indeed shitter. But certainly don't trust the leading journals.

I myself am listed as a author (not first or last) in a recent enough paper published in Nature communications and currently have another paper in the same journal under review.

I also published in Nature, both as a first and last author (not recently, though) and it was very tough to get done as they receive vastly more papers than they could publish.
Many people in our field never had a paper published there and several of mine were rejected as well, then published in lesser journals.
1854  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 19, 2021, 07:25:37 AM
Observing an awesome Lunar eclipse...in the South part of North Am...like a crawling shadow.
Got my telescope out, but it is clear without anything, even binoculars.
1855  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 19, 2021, 12:36:33 AM
Biodom, you happen to have me on ignore?  Cheesy
As for the other statement, announcing my good-bye... The little one woke up and stole mommy  Roll Eyes
So, no intense breathing tonight...


Oh, sorry, a bit of work in the meatspace today..I just saw a post and "latch" on without checking the comments.

I am COMPLETELY relaxed about bitcoin now for a multitude of reasons.
I did not buy or sell, just think that it is much more likely to succeed than to fail now and feel good about it, price fluctuations notwithstanding.
1856  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2021, 09:08:18 PM
I much prefer reading WO when we are downity, I can almost sense how different folks deal with it in how they reply:

Meme poster - hiding behind humour
Miner poster - hiding behind dca at scale
TA/Charts poster - hiding behind perceived intelligence
Finger pointing poster - hiding behind blame
Hopium poster - hiding behind bull characteristics
FUD poster - hiding behind bear characteristics

The commonality is we all recognises the price movement we just express it different ways. I find that highly enjoyable to figure out who is who based on their posting habits purely as a distraction away from the downity. Did I miss any poster types?

yea, you missed HODLer poster-those dgaf about a 20% "plunge", but become squeamish at -80% down, posting about a missed opp of selling at the top and buying right there (at 0.2 the prior price).
1857  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2021, 02:55:42 AM
You and me both my friend.
Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.
I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.)
We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago.

Never mind the observable universe is only ~13 Billion light years. Who knows what lays beyond...

Well, physicists tell us that the DIAMETER of the observable Universe is 90 bil light years. I am not sure how they derived this number considering that it is only 13.8 bil years old, as you probably meant. You are absolutely right that it is most likely MUCH bigger (beyond the observable part).

I leave you with this snippet:
Quote
It is plausible that the galaxies within our observable universe represent only a minuscule fraction of the galaxies in the universe. According to the theory of cosmic inflation initially introduced by its founders, Alan Guth and D. Kazanas,[25] if it is assumed that inflation began about 10^−37 seconds after the Big Bang, then with the plausible assumption that the size of the universe before the inflation occurred was approximately equal to the speed of light times its age, that would suggest that at present the entire universe's size is at least 3 × 10^23 (1.5 × 10^34 light-years) times the radius of the observable universe.[26]

https://en.wikipedia.org/wiki/Observable_universe

that's a LARGE place.
1858  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2021, 02:15:47 AM
You and me both my friend.


Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.

I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.)

We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago.

Yes, what a fascinating topic.
From our current knowledge, a Galactic 'Empire' might not be possible (the speed of light is a limiting factor)..watching, but not particularly liking the "Foundation".
That said, I am reasonably confident that life exists elsewhere as long as there are energy flows and relative climate stability.
In fact, I really favor the panspermia hypothesis (life spreads between planets of different stars).
There is a peculiar factoid of life starting on Earth a very short time (in geological terms) after the stable crust has formed, which is not explained very well so far.
1859  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2021, 12:48:32 AM
Market is looking for the time Congress would bolt out of there for a vacation (since they are 'ideating' about new ways to raise revenue for the build program), imho.
https://bgrdc.com/wp-content/uploads/2021/01/2021-Combined-Congressional-Calendar-BGR.pdf

Prediction: bearish to flattish Nov 16-19, bullish Nov 20-Nov 28, then flattish/bearish Nov 29-Dec 10, then a nice finish for the year: Dec 11-Dec 31 with a relatively mild year end profit taking since we appreciated about ~117 100% so far and not 1000%. In case or a large move, this could change, of course.
1860  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 15, 2021, 02:00:10 AM
Thie is getting way beyond popcorn level.
Interesting times.

Thanks, good to know. Question: Did you guys do the Astra Zenica vaccine there, or Sinovax, or Sputnik? Curious to see how those stack against good ole Moderna 5G tech.

This would be funny if it wasn't sad (about 5G crap).
In my home state of TX, it is "damn the torpedoes".
No mask mandate, no vaccine mandate, no req to wear mask at businesses and the work place.
It is more freedom, though, which I respect (in comparison with all those dictatorial mandates in some other countries). We shall see.
Would I have preferred students in masks for the time being? Maybe, but most of them do this on their own (without a req).
At least, no one yells at you for wearing (or not wearing) a mask anywhere, which is a plus, I suppose.
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