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2481  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 24, 2021, 02:07:32 AM

On KRAKEN i can withdrawal "unlimited" amount in crypto.

Why would you want to do that?

Do they have a bitcoin withdrawal related policy/practice, by the way?


Seems that you are missing my point.. on purpose, I don't know.

Likely you appreciate that this thread is about bitcoin, and many of us (maybe I am referring to the royal us, here) do not know what the fuck this crypto concept is that you had mentioned.. so why use such a vague term herein when we are talking about bitcoin in this here thread.. unless you are being specific about what you are talking about exactly and sure fiat is relevant to this thread too.. we have ourselves a bitcoin and a USD thread, here, no?  and sure from time to time other fiats are referred to and sometimes shitcoins, too... and sometimes connections are attempted to be made in regards to any other topics in terms of how they might relate to bitcoin.

Now if you want to refer to more general concepts and refer to shitcoins, and not about bitcoin, then why talk about that here?  If you were referring to bitcoin, then why not use the word bitcoin.. because you are amongst friends here, and if you use the word bitcoin, we will know what you are talking about... If you use the vague-ass concept of crypto we may infer that you meant bitcoin, but why infer when you can just come out and say it, directly.  Bitcoin...  bitcoin bitcoin bitcoin...  .not that difficult to say once you get used to it.. .and it is not like bloody mary came out after I said it, right?
<snip>

He refers to crypto limits because it is LITERALLY what the policy says (they don't differentiate between cryptocurrencies).
Therefore, why don't you bring it to the attention of Kraken and Coinbase instead?

Honestly, with @JJG entity on the prowl, we are going to lose probably 90% of new posters. Who knows, maybe that's the task at hand.
The post above sounds like newbie abuse to me. js
2482  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2021, 08:01:03 PM
“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

Are you kidding? The limit is only up to the point of how much you hold and can realistically move. If they own 10K btc, why would there be a limit of 100 btc?
2483  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2021, 07:09:20 PM
FYI: with higher btc prices the whale category has been re-calibrated to above 100btc, which makes sense due to a comparison between >100btc holders and overall number of whales. Above 1000 btc is probably a blue whale.
https://ccnews24.net/bitcoin-whales-100-to-1k-btc-increased-their-holdings-from-december-2020-by-331k-btc/

Well, the rest of the article (apart from the heading) still shows old denominations that look incorrect to me (by the species preponderance).
2484  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2021, 12:22:30 PM
Some on WS could be following Bobby Lee's idea: that btc will go to 300K and then to $30K (he mentioned 90% decline from the top) within 2-3 years.

Since when did we start following Bitcoin price sorcerers?

remember how much credibility Vinny Lingham had in about March 2017.. when the price was in about the $1.2k arena and had dipped to $800 area, and then he said that sub $500 was inevitable because many rich folks that he knew were selling blah blah blah.. and anyone who followed Lingham's advice surely should have been regretting any such thing.

If you take it at a face value, there is no point for an investment house to buy in now, then show a 45% decline from here within 3 years.

Makes sense to me that since they do not know the future, they are considering getting in now..

Yes, it would pop up first according to Bobby Lee

Fuck Bobby Lee and the "according to" aspect of your comment.

and pretty much everyone else,

Yes.. a kind of "royal we".. Lingham had proclaimed "everyone" who is anyone is selling too, but ended up saying that at the bottom of the then BTC price correction... and BTC prices never ever to return to those levels after those wise words and the representations about what "everyone" was doing.

but as long as the downside from 300K is 90% the numbers above are not very desirable for a 3-3.5 year hold.

Biodom... recommends:  Dont buy bitcoin.. wait for 3 or 3.5 years or so, so you don't miss opportunity costs with your money..

That makes a lot of sense, Biodom.


NOT

Personally, I think that Bobby is wrong and btc trajectory would be different,

Well, at least you recognize that angle.

but it is certainly a possibility (maybe 1-5%).

Yes, a lot of things are possible, and we do not put more than 1% to 5% value into matters with those kinds of probabilities, and gosh are you being generous to go up to 5% with your assignment of probabilities to such scenario that "could, possibly, might happen?"

Normally, one reads all of the text, then responds to the conclusion.
The idea could be presented as thesis, then antithesis, then synthesis.
Check on those concepts. This is reading comprehension 101.
Instead, you are slicing each individual phrase, which makes no sense whatsoever, unless  you are either a computer program or you did not receive education pass the elementary school (it is OK if this is the case, you achieved a lot, was right on bitcoin and accumulated wealth, but it would explain many things in your posts).

Additionally, presenting someone's idea, then disagreeing with the idea means that you did not agree with the idea, don't you think?
2485  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2021, 12:53:45 AM
Some on WS could be following Bobby Lee's idea: that btc will go to 300K and then to $30K (he mentioned 90% decline from the top) within 2-3 years.
If you take it at a face value, there is no point for an investment house to buy in now, then show a 45% decline from here within 3 years.
Yes, it would pop up first according to Bobby Lee and pretty much everyone else, but as long as the downside from 300K is 90% the numbers above are not very desirable for a 3-3.5 year hold.
Personally, I think that Bobby is wrong and btc trajectory would be different, but it is certainly a possibility (maybe 1-5%).
2486  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 22, 2021, 11:50:07 PM
It's just a pre-Coinbase IPO dip.
WS is trying to create a discount.
2487  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 22, 2021, 08:09:22 PM
<snipped a bunch of nonsensical remarks>

I did not bring the subject-it was in Elwar, vroom, whoever else posts.
Besides, WO (according to bitcointalk rules-check them out) could have posts OFF topic (by design).

However, that said, it is a little strange that your bowel movements are ON topic here, but some digital developments are not.

"Stupid is as stupid does" F. Gump


2488  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 22, 2021, 07:40:56 PM

He is funny, but someone already bid $35K.
his auction ends on April 1 and I assume that he put up a high enough price that nobody would win.
It would be interesting to see where it ends up trading at.
This NFT actually does have value as "John Cleese making fun of NFTs" NFT.
Paradoxically, he just created value by poking fun at something.
Who knows, maybe he gets it......naaah (he will chicken out by putting up some "crazy" minimal price).
2489  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 22, 2021, 07:20:02 PM
Why the passive-aggressive NFT hatred here?
NFTs do not interfere with btc "mission" at all.
To think that there will be ONLY bitcoin and nothing else is a little one-dimensional.

That said, most of NFTs would have low value, but some would have a non-zero value.
It's perfect for smaller groups, which are fond of some project.
No different from baseball cards collection.
Again, not to have WO-NFT is a mistake.

EDIT: say, for example, that you reached some high level in a game-make screenshot, converge to NFT, keep/display in your digital collection, sell to people who have vanity.
I remember my son playing Runescape and trading various objects (swords, etc). Basically the same thing, but outside of the game.
2490  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2021, 06:26:46 PM
True words:

Quote
If you treat #bitcoin  like a fiat asset, it will treat you like a fiat holder

source: https://twitter.com/pierre_rochard/status/1373417055999959051?s=21

True, but, overall, there are some truly nut cases on that thread.
2491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2021, 04:49:37 PM
My take on this is that bitcoin is a chance for humanity as a whole to transition to a better system.
It would be something akin to a cruel joke if this is somehow curtailed after 12 years in the making.

That said, the trajectory is unclear, the current patch of following the "predicted" graph notwithstanding.
Everybody expect a straight path at a 45 degree angle to 150-200K, then a typical bear market to, say, 60K.
However, we might get something that not many are prepared for-a brief and violent correction from 60-80K to 35-40K, then flat, then a rise to above 288K, maybe even above 500k.
The difference: earlier correction, then rise to higher than expected.
Personally, I am quite comfortable with a 52-60K range. In my book, it could continue for months, but how likely is this? Not very.

How bitcoin looks like in a higher inflation background? We expect it to be very bullish, albeit gold is declining despite apparently higher inflation expectations.
Does it show that inflation would be followed by a stronger deflation pulse? If so, then why oil is rising? Maybe gold is being de-monetized (in favor of btc) and gold's movement is irrelevant?

Interesting nugget: I was checking some RE around the country and it is an amazing picture. In some spots things are stable, while in others there is an incredible bump up in the last 6-12 mo. COVID effect (escape from the cities)?
What happens if you buy now at that 1.5-2X bumped price? Most likely it would slowly go down in the next 10-20 years, which makes buying in those places and prices a non-starter, hence someone cannot even exchange btc proceeds into something stable aka real estate (at favorable locations). Of course , you can buy if you want to be there, but you are bound to lose money on many of the current "deals", imho.
2492  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2021, 02:41:56 AM

What does the profit on GPU mining look like at the moment? Any hopes it will calm down soon? I just want to get an upgrade so I can play Cyberpunk decently.

Exactly, I need 3080 for games.
Hoping against reality that 3080ti would be nerfed (sorry, eth miners) and less in demand.
2493  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2021, 12:32:00 AM
Oh bloody hell, stop going down will you.

Every time i look at the daily chart, it starts trending down  Grin.
The solution..never look at daily, so I either glance at CMC a couple times a day for a snapshot and/or look at weekly/monthly.

OT:
check out this joke: https://www.ebay.com/itm/EVGA-3080-FTW3-Ultra-Opened-Box-Sale-Individual-Contents/164766631285
someone is dissing buying bots
2494  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2021, 05:29:40 PM
Yeah, I was discussing this with my gf the other day. She has family members that have told loads of other family members. It’s really irritating, I don’t want to be having to face questions like -

‘So how many bitcoin do you have’
‘What are they all worth’
‘When will you sell’

Mind your own damn business. I don’t ask to see your wages or bank statements, assholes.

Tell them to learn how to use a block explorer. Cheesy

Let's assume, just for the sake of argument that LFC gf name is Elizabeth (I have no idea).
Instead of saying anything about bitcoin, retort by saying "Liz and I are thinking about splitting".
They would leave you alone and converge on a "poor Liz".
A risky proposition, perhaps, as some "retaliation" and sad face might follow, but maybe needed for the future opsec.
Otherwise, things would go out of hand shortly.

Thankfully, my wife is very discreet about it. We never tell anything even to our children.
Eventually, they would know, but not yet, although there could be some debate about this as their life path could be different (or not).
My worry is that knowing anticipation of the future 'reward' might result in the current passivity.
2495  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2021, 05:17:21 PM
I've set up my Bitcoin monitoring phone app to alert me when corn crosses 50/60/70/80/90/100k €, using a special sound. I heard it a few times today.

Nwice!

Gilfoyle's sound?  Grin
https://www.youtube.com/watch?v=uS1KcjkWdoU
2496  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2021, 10:44:27 PM
Price going down yo!

Every time we get anything close to clear of $59,100.

Hmmmm.


Patience.
We had that before, in February.
Just wait out for the higher magnitude pump that breaks through and lifts the price to around $65k, before we get another little correction.
We're still oh-so-early  Wink

Not very early, but 'midterm', maybe, like AMZN from 2008-2010.
2497  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2021, 11:34:51 PM
<snip>n a few years even holding 0.1BTC will be hard to achieve for newcomers. In fact, most people probably cannot achieve THAT without enormous saving effort already.
100BTC holders will live like kings, no doubt.

Considering that there are about 10-15K people with more than 100 BTC, it is unlikely that they will live like kings (not enough kingdoms, lol).
If btc 'consumes' a large swath of fiat, it would probably be the equivalent of $500 mil, give or take.
2498  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2021, 04:02:42 PM
Re term life insurance.
If you have a family and a mortgage, it makes perfect sense to do it (in amount to at least fully cover the remaining mortgage), albeit it gets more expensive if you get it later in life.
One little tip: if you are choosing between two companies and are serious about it-you would get a physical out of it from each, sometimes with details about your params that you did not bother to collect otherwise-good to make life style adjustments. Example-HbA1C (many check this one), PSA (not all do this one), etc. I would rec TIAA-cheaper than many others and less hassle. Note this: the nurse would come to your house to collect blood, etc., no need to go anywhere, as they usually ask you to do in US of A.
2499  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2021, 05:48:53 AM
I have offically joined the ranks of retired WO gentleman. Working just seems kinda pointless.

I don't have any immediate plans to sell a big chunck of my stash - I'll just dip into it as needed.

Go Bitcoin go!


I think this might be becoming a thing... my last day is April 2nd..  officially retiring early.  Sold a smallish chunk to diversify so that if we have an 80% crash, I can ride it out without selling the dip... but yeah.. mostly the same plan.   good feelings Smiley

Definitely good to see people freeing themselves from slavery via BTC.

I can retire myself, but my employer is currently going through a large round of layoffs, so I'll be getting redundancy later on this year. Free money is free money, so I can wait.

It's nice to get 6-12 mo of free money.
I haven't decided yet.
2500  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2021, 03:32:55 AM
I'm still working, mostly because it's funny to not really care and be truly honest with people. And let's face it: I am too lazy to try and figure out how to sign up for my own health care.

So far they are thinking of promoting me, which would be bad.

Yes, Office Space is oddly accurate.


I can't work for anyone anymore...just can't....after retirement...I can live my 2x my modest previous lifestyle with no debt and get another 1.4k this summer from

soc sec...this is off of 'traditional' investments...I would have to take up a life of crime...


but only use BTC if I need to for medical emergencies or something else...but 'essentially' if you can get by without....that's the way to go...HODL.

It is damn hard to 'suddenly' stop HODL'ing when Morgan Stanely today just announced for their elite over $2 million customers,

they will 'allow' them in their private BTC club...with Morgan Stanely...newbies come in all shapes and wealth...

sheesh...

https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html

has to be working with so much angst/fear wealthy among the above..in their rush and FOMO to get some BTC...

I wonder how much morgan Stanley is sticking them with for their services...dumb asses...

brad


True dat.

Re wealthy clients...if they start with already a LOT of money, they will surely get more, while if you start right here with a modest investment, your upside is probably limited to 10-100X
It is not very little, especially the latter number, but it is not millions of %. That ship has sailed.
BTW, I think that all this harking against shitcoins misses one point: it is advisable to invest SMALL amounts of money in all kinds of seemingly crazy crypto projects.
That's what venture investors do with early companies and they have great returns (on average).
Maybe limit it to 1% (in total), so 10 projects at 0.1% or whatever.
You are not going to miss that 1%, especially with btc going up at about 200% average, but you can possibly hit something special as far as returns are concerned.

That said, crypto projects now learned the worst habits of regular companies and instead of distributing a significant chunk in the first round, they are holding back 90-95% with a gigantic pre-mine going to insiders.
Starting here, I would mostly stay away. There are hundreds of projects again with very bad tokenomics.

Sticking to bitcoin makes sense.
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