--Megabytes snipped--
--Terabytes snipped--Last time I merit a novel, I swear  --A disgruntled Wall (of text) Observer member
I also don’t believe in to long posts at the WO  Seems I'm not alone... |
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Dude's dream
3 choppers passing
waking up to take a piss
no I'm not dreaming
#haiku
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I have been telling a buddy since 40k every time it goes up 5k because I told him at 4k to grab all he can and he called me stupid. Not sure he likes me anymore.  I stopped telling anyone. But many people around me ask, and I help. Some of them went full in. Today one friend told me he just took a loan to buy more (Saylor-style). Another one asked if it's time to sell. Told him... buy when you can sell when you must. Life is good Haha, yup, but I'm rubbing it in. I actually started telling him somewhere around $800 but just recently when we were at 4k (what was that 2 yrs ago?) I told him LAST chance! You probably don't have to rub in anything. It surely rubs itself in like sandpaper when he sees the price... ....It rubs the lotion on its skin. It does this whenever it is told.... 4k was exactly 4 years ago... I'm on the same page. I always did little proselitism, only talking to a few people who showed interest or "looked right" for this club. With one person in particular, I went overboard to explain DCA and suggesting specific exchanges, specific amounts and offering help. After some time, I asked "how's DCA going?" and the answer was "it's too late now". It must have been 2019 or 2020. Of course it wasn't too late at all. I said so, but you know how it goes. So I have a question: is there a restrospecive DCA calculator online? I think I saw it once. What I mean is a page where you enter the initial date, the weekly/monthly/whateverly amount, and it shows what the result would be today? I'd like to rub it in gently. |
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Mind flies far from work
Candlelight? One color: green
Just one of those days
#haiku
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Accounting Standards Update 2023-08 might be an important contribution to the special status of this bull cycle. It has been mentioned before, but the consequences haven't struck me until now.
With the old rules, if you had bitcoin on your balance and you bought low, you'd still look (balance wise) as poor as when you bought it. With the new rules, you appear to be as rich (balance wise) as the bitcoin price allows.
I hope this won't be a precursor of taxing the 'unrealized capital gains'. I don't know the tax code too well, but I doubt they would (or could) do that to companies. |
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Accounting Standards Update 2023-08 might be an important contribution to the special status of this bull cycle. It has been mentioned before, but the consequences haven't struck me until now. This update to accounting rules states that some assets (you know the C word? Well, bitcoin in particular) have to be accounted at fair value in balance sheets. "Fair value" in this context is basically market value. It used to be different: With the old rules, if you had bitcoin on your balance and you bought low, you'd still look (balance wise) as poor as when you bought it. With the new rules, you appear to be as rich (balance wise) as the bitcoin price allows. The update will become mandatory at the end of 2024, but companies could opt in by the end of 2023. Some well known entrepreneurs opted in as early as they could. Guess one name? Michael "Lazereye" Saylor. Why is this such a big deal? Because it allows companies to stuff btc in their balance sheets in place of cash or gold; btc that can be bought, hedl there and left to grow, selling only when necessary. In other words, the new rules could (and I'm guessing, will) turn several companies (again: think MicroStrategy) into followers of JimboToronto's way: "Buy whenever you can, sell only when necessary." We still have no idea what's coming, guys. Or should I say gentlemen? |
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Not just any cow
Strong legs on greening pastures
Mother of all bulls
#haiku
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But this time we will be dining with the gold plated chopsticks  I beg to differ. Gold plated sticks are heavy and slippery. Disposable is the way to go IMHO! Well, he mentioned "gold plated" not "solid gold" so shouldn't be heavy. We'll be able to afford solid gold starting from $100k+  Gold plating bamboo sticks isn't really practical though is it?  @OutOfMemory I'm a fan of disposables, and I wash them too! Although real disposable sticks (the ones that get broken in on first - and only - use) are too short and ugly to reuse. My favorites are Japanese style wooden sticks, with pointy tips, a little shorter than the Chinese blunt ones. The best ones have grippy tips and are sanded. |
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New ATH today? Either that or it's ramen for dinner again! But this time we will be dining with the gold plated chopsticks I beg to differ. Gold plated sticks are heavy and slippery. Disposable is the way to go IMHO! |
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From https://u.today/bitcoin-btc-to-drop-to-50000 Investment strategies in this climate should be approached with caution. Accumulators have proven to be a wise choice, previously enabling clients to acquire Bitcoin at a 24% discount to the spot rate. Additionally, implementing Unconditional Fixed Coupon Convertibles (UFCC) could provide a yield on long Bitcoin positions, irrespective of price fluctuations.
WTH are these accumulators? |
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A possible ATH right before the halving. Big shots lining up to get some corn.
"This time is different" feels different this time.
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Shiver through the herd
The bulls are getting ready
Here comes the stampede
#haiku
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xhomerx10, Toxic2040, will you please stop it? (I'm running out of merits ) |
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That site won't load in my Firefox. nitter.net has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site.
Maybe it wont work because your browser doesn't allow legacy http connections? put this in the address bar: about:preferences#privacy hit enter scroll way down the page and look for HTTPS-Only Modeyou can disable it (probably not a great idea) or add an exception for nitter.net If that's not it, it might be your operating system or perhaps your anti-virus/malware software? Nice thinking xhomerx10, but I had already HTTPS-Only Mode disabled. The wording of Firefox's error message makes me think it is Nitter that insists on https. |
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That site won't load in my Firefox. nitter.net has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site.
The issue is most likely with the website, and there is nothing you can do to resolve it. You can notify the website’s administrator about the problem.
Learn more…
Websites prove their identity via certificates, which are valid for a set time period. The certificate for nitter.net expired on 1/27/2024.
Error code: SEC_ERROR_EXPIRED_CERTIFICATE
I have been using Nitter for a while, but once these errors started creeping up, I've gone back to Twitter X, which recently seems to let me view the posts even without being logged in (which was the issue that drove me to Nitter in the first place). Any suggestions on making Nitter work again for me? |
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I think it’s maybe a good idea to set yourself a fiat value in sales and then try to hit that, rather than a certain amount of bitcoin you sell. How much fiat do you need to satisfy your needs for the next four years (from end of 2025) until we get ready to do it all again.
So, you are following a different path from JJG, which is primarily focused on the BTC part of the stash. Of course, the selling is activated by triggering some fiat-denominated values. But I guess it is a consequence, rather than the trigger. I tend to believe in the case of USD debasement you could sell too early. As always, the Wall Observer will be a fun place to see the wild emotions of fellow bitcoin bros.
As always. We are here for this, after all. I think the 4-year cycles will be more and more subdued as time goes on. Going from 3.125 to 1.5625 isn't like going from 25 to 12.5. Proportional effect isn't applicable IMO: the ratio of "new" to "old" bitcoin does matter, and I believe the effects of halvings will get negligible (close to zero) long before that ratio goes to zero. I've said this before, long before (and therefore independently from) the ETFs. But the introduction of spot ETFs will, in my scenario, act as an additional stabilizer, leveling out the big halving waves even more than they would have on their own. |
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Just noticed we hit 33000 pages.
Wow. Remember what a big deal it was to reach 1000 pages?
Or page parity, for that matter. The next milestone is post parity. Before we can reach character parity, she will likely ask JJG to step aside. You mean to count the characters of all other members except for yours truly?  That sucks, for yours truly.Yes, I meant count the total characters in diz here thread. I'm afraid she isn't going to be able to keep up if she finds too many characters, ehm, cough cough. So maybe someone could take a lil breaky when character parity time comes, you know, like, to help her out a lil bit? Just sayin'... |
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Just noticed we hit 33000 pages.
Wow. Remember what a big deal it was to reach 1000 pages?
Or page parity, for that matter. The next milestone is post parity. Before we can reach character parity, she will likely ask JJG to step aside. |
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when ever i feel anxious i like to think about reindeer  Hello BitcoinBunny, I wish I were Santa to have my sleigh pulled around by a six pack of such reind... ...oops not you, Bunny? I see, it's our resident analyst cat. Sorry |
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