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1281  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2019, 11:37:23 PM
Surely you have a gay frogs man video to back up your points?
1282  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2019, 11:36:16 PM
It must be depressing to be a conservative.  In the long run, you always lose the culture wars:

  • allowing women to vote
  • allowing education for girls
  • allowing racial desegregation
  • separation of church and state
  • gay marriage
  • stopping Catholic priests from kiddy fiddling
  • not being allowed to use racial epithets at work
  • and now losing the fight on climate change




It must be exhausting to be constantly on the wrong side of history
1283  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2019, 11:06:48 PM
It would be a nice irony if the outcome of Brexit was a break up of Great Britain with Scotland achieving independence and Northern Ireland joining Ireland while England and Wales stay in the EU.  

But when you play with matches, sometimes shit catches on fire, yo.
1284  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2019, 11:03:18 PM
Welcome back V8. Don’t be a stranger.
1285  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2019, 11:02:47 PM

I have to add Georges Lemaître's, one of the former high priests of physics, big bang theory as the second most unbelievable and hand wavey cult theory out there  Roll Eyes  Big foot seems a bit more likely. Bitcoin will be overtaken by a shitcoin is of course the most pernicious and dishonest of all cult theories.

"The ultimate singularity is the Big Bang, which physicists believe was responsible for the birth of the universe. We are asked by science to believe that the entire universe sprang from nothingness, at a single point and for no discernible reason. This notion is the limit case for credulity. In other words, if you can believe this, you can believe anything. It is a notion that is, in fact, utterly absurd, yet terribly important. Those so-called rational assumptions flow from this initial impossible situation. Western religion has its own singularity in the form of the apocalypse, an event placed not at the beginning of the universe but at its end. This seems a more logical position than that of science. If singularities exist at all it seems easier to suppose that they might arise out of an ancient and highly complexified cosmos, such as our own, than out of a featureless and dimensionless mega-void.” - Terance Mckenna

So what exactly do you propose as an alternative? 
1286  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 03, 2019, 09:28:30 PM
When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

When you do you think we will break out of the flag?

I think we will break in maximum 1 month, possibly sooner. But things can change. That's my thought from today's prospective.

Agreed. I think Bakkt will cause us to break upwards out of the flag.  I think a real risk of another mini blow off top in the next 30 days.  I would even say we have a 10% chance achieving a new ATH in September.

Appreciate your flexible thinking.  It is important not to get stuck in mental models.
1287  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 03, 2019, 09:12:22 PM
When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

When you do you think we will break out of the flag?
1288  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 03, 2019, 01:22:35 AM
One more BTC bull run and that's it. I'll be unemployed, living on passive income just like makrospex.

Merited, but bitcoin does not provide passive income, unless you are into rehypothecation games with blockfi, etc.
BTC is a hard money, but you need to exchange it to soft money to live off of (for now).
It's totally possible to replace a salary with interest payments on Bitcoin holdings without selling.
If you have held for enough years.
The only option I know is Celsius.

yes, blockfi and Celsius, but such interest is not "native" to bitcoin blockchain and comes from a third party re-hypothecating your btc that you "lend" to them.
Essentially, you have to assume that they don't go belly up somehow and would always return your btc.
Do you feel lucky, hodler?
That is true, you must investigate their reputation and trust them.

I've held since 2013, i feel like I earned the reward.  Superhuman patience is required that very few posses.


Freebitco.in gives you %4.08/year with a daily compounding interest. I have some bitcoins there. A bit risky but I am biting the bullet here.

I have been biting at the chomps about whether I should respond to this thread of conversation, and you surely have to weigh your risks when you put some of your BTC stash with some of those third party entities to "earn interest."

I can surely understand the urge to earn more BTC, but there is really no free lunch, and personally, I think that many peeps are going to be way the fuck better off to just accumulate as much BTC as you can by just buying it or any other reasonable way that is available to you without putting your principle at unnecessary risks.

Accordingly, if you are able to accumulate a sufficient amount of BTC, then you can live off of it's likely appreciation in value, which seems to be goddamned likely, especially if you have at least a 5 year timeline (3.5 years has been the historical bare minimum in BTC, but history does not guarantee future results). 

So, I am suggesting to accumulate enough that you can calculate a withdrawal rate that goes to a decent amount of years in your life that is likely to only affect maintenance levels of withdrawal of your BTC but then you can also go on a more aggressive withdrawal rate if you believe that your life is going to end at a certain period of time (which is likely difficult to measure with any kind of precision).

In previous posts, I have gone into detail about what I would consider to be a reasonable maintenance withdrawal rate, which is 1% per quarter.  Anyhow, you can apply BTC quantities to your own life style situation (or expectation of standard of living) to figure out how many BTC you would need in order to be able to sufficiently use BTC income to pay for all of your expenses or to supplement any other income that you might have in order to achieve a maintenance level of withdrawal versus a depletion of principle rate of withdrawal.  Of course the depletion of principle rate of withdrawal is the more aggressive of the withdrawal systems.

Check out Alex mashinsky's background, he's CEO founder of Celsius.  I think putting 30% of holdings with him is a good risk level, if you have alot accumulated.  I spend the interest as I get it, I'm retired.  And prefer to sell Bitcoin when it's overvalued then spend it now.  But if there's other ones out there, would like to investigate those as well.  Blockfi has very low lending limits.

We have warned you repeatedly to stay away from these guys.

Don’t come crying to us when they collapse.
1289  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 03, 2019, 12:14:19 AM
Observing page 24,900.

Only 100 pages to go to 25 kilopages!
1290  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 03, 2019, 12:08:35 AM
2015 fractal that everyone loves to hate



1291  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 02, 2019, 08:51:06 PM



Fuck you, alts
1292  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 02, 2019, 08:18:31 PM
Will Bakkt trigger an upside break out of the bull market flag to $15k?  I think there is a chance.



1293  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: September 01, 2019, 10:14:16 PM
19k sats and all is well....

1294  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 01, 2019, 09:40:20 PM
15 minute chart

1295  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 01, 2019, 07:13:27 PM
4 hour chart.

Middle band is Bollinger bad width, which is a measure of volatility.  Volatility is currently ultra-low.

Bottom band is volume.  Volume is currently ultra-low.

Bitcoin doesn’t like to sit around on its hands.

We are winding up for a big power move.  Probably up. I give us a maximum of 48 hours before she blows her top.

1296  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 01, 2019, 04:34:29 AM
Anyone here feels this Sunday is going to bring the price of bitcoin into over 10K again?

I feels yes, anyone got analysis for this weekend?

price is irrelevant
Current price movement of bitcoin is not that much important to the long term holders(like you) but it is something always connected with holding bitcoin.

If the price of bitcoin go back to few cents then no one will be holding that right now.

If the price of Bitcoin went back to a few cents, the members of this board would likely buy all of them....   We are the buyers of last resort. 

Which is precisely the reason why that will never happen. 
1297  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 01, 2019, 12:52:05 AM
From little things, great things grow

1298  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 31, 2019, 10:33:06 PM
Look at the youth of Hong Kong fighting for their freedom against impossible odds

Are you kidding? All those poor souls are victims of Anglo-American propaganda machine. Google, YouTube, Twitter, Facebook removing every day hundreds of anti-protest accounts of Hong Kong youth that really see what is going on there. These companies have really become departments of the US Ministry of Truth. What a waste of talent...


They are fighting an extradition law which would destroy the separate Hong Kong separate legal system.  Why do you consider this objectionable?

Please use logic and facts in your response
1299  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 31, 2019, 10:06:56 PM
Foundations firming nicely for a bounce.  Max height of bounce 11.3kish

1300  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 31, 2019, 09:53:35 PM

I dunno, life was pretty good at least until 2001

Compared to what?

I feel that we have become inured to steadily decreasing aesthetic expectations.  The young do not value the things already lost as they never experienced them.  Soon, a cell kept above 10C and a daily ration of soylent green may seem like paradise.

With all due respect, that’s not quite right

Look at the youth of Hong Kong fighting for their freedom against impossible odds
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