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241  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 07, 2024, 06:39:20 AM


Years ago when I noticed my blood sugar starting to rise, I cut out all sugars and starchy foods like potatoes, rice, bread, cakes, cookies, candies, etc. I started using stevia in my morning coffee. It soon started bugging me though because it gave me a funny feeling in my mouth and made me drool. I reverted to a single spoonful of pure cane sugar in my coffee. Within a few months I'd lost 30lb and when I asked my doctor how my blood sugar was, she replied, "remarkably better, in fact better than mine".

I later did some research and found an article from the University of California medical school explaining the glycemic chemistry of fructose and how it affects our blood sugar levels, and hence diabetes. It seems fructose is really a poison but nature provides an antidote in the form of fiber. Unfortunately most commercially available fruit juices have had all the fiber filtered out of them. Almost all soft drinks except pure soda water contain a particularly unhealthy ingredient called high-fructose corn syrup or glucose-fructose without any fiber. Fructose is sweeter than sucrose so sleazy businesses can save a buck by using a smaller (and thus cheaper) amount of fructose in their products than they would with real cane or beet sugar. At least in Mexico they still use real cane sugar in their Coca-Cola.

I'm not at my principle residence where I have access to the article I'm citing but if I get a chance I'll post a link.

TLDR- Stevia's OK but real cane sucrose is better.

Yep...this explains it in detail:

https://www.eufic.org/en/whats-in-food/article/what-is-glucose-fructose-syrup-qa

Weight-wise, fructose is indeed 1.2-1.8 times sweeter than sucrose, albeit sucrose is basically glucose and fructose molecules bonded together by a chemical bond called glycosidic linkage. As the cited article describes, it is different in what is called glucose-fructose or fructose-glucose, which are made from starch. That glucose-fructose is being added almost everywhere (especially in processed foods), though, so it is hard to "escape" from it being consumed by almost everyone.
242  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 07, 2024, 03:22:54 AM
Apparently, the rumor is that BlackRock already lined up $2bil from the existing bitcoin investors during wk1.
Analysts are stunned...no kidding.

https://www.forbes.com/sites/digital-assets/2024/01/06/insider-leak-reveals-huge-blackrock-bitcoin-etf-bazooka-will-blow-expectations-out-of-the-water-after-16-trillion-ethereum-xrp-solana-and-crypto-price-boom/

EDIT: some bank estimated before that btc has a 118X multiplier, which means for every $1 bil invested, the market cap goes up 118 bil. Not sure how they calculated this, but if true, then it is about $236 bil added in a week, which is roughly $12K/btc....nice (that 10K candle might happn, if not on a daily, then on the weekly, perhaps).

243  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 08:44:15 PM
I really like this, doing more than most exchanges in the space have

https://twitter.com/vaneck_us/status/1743300722928619779
Good to know...I am planning to slowly sell some of my money market funds into bitcoin ETFs in my IRAs (as we go from currently "lucrative" 5.4% to 4-4.5% interest in 2024, presumably). I was leaning toward Invesco or Fidelity before, but now will give VanEck a look, for sure. My money market funds are just a portfolio stabilizer...and now I want to "destabilize" it a bit, ha ha.

I suppose from experience you might know that you are going to have several options, and I imagine that some employers offer 401ks or various kinds of funds to employees, but they might not have very many options... .. It would be interesting to here what kinds of options that people have, and historically various kinds of government 401ks have not had any options for ETFs, and they have ONLY offered various kinds of index funds, so it will be interesting to see if some employers might start to offer more kinds of options in the funds that are available to the employees.



401a/k/b are usually limited..I have a couple, but they only offer index or sector funds..no fun, basically.
However, when you switch jobs, you can roll those funds from 401a/k/b into an IRA, tax free, and in IRA you may have everything, including foreign (Canadian, for example) securities (including ETFs) and even options.
244  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 08:29:28 PM
As for caffeine intake, I take plenty. Not from coffee, but from Coca-Cola. I'm almost ashamed to say it, but I'm addicted to it. It's of the "Zero" variety, so there are no calories, but there is caffeine (and other chemicals). I think I may have become immune to it by now, I don't sense any caffeine effect by drinking or not drinking coffee, as long as I take my daily fix of Coke.

There may be zero calories in Coke Zero but the artificial sweeteners in diet/zero drinks are more difficult for our body to process. It's advisable to take carbonated drinks as little as possible.

Advised by whom..again?
This is a "legend", nothing more.
In short, it is not carbonation, but the other "stuff".

https://www.scripps.org/news_items/5224-are-carbonated-beverages-harming-your-health

Quote
“While soda and other carbonated drinks have been associated with negative health effects, carbonation is not harmful in and of itself,”

245  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 08:23:13 PM
How do y'all take your coffee when chart watching?
I usually do a sugar and splash or milk/heavy whipping cream but Im out of sugar!  So I did manage to find a bag of brown sugar and tried it. To my surprise it pairs well!  

With sugar and milk. And drugs.

Fun fact: I’ve never had coffee. I did have a neighbor growing up who used to drink his coffee with mushrooms in the morning. I thought that was weird until I got older.

This could be the last week without an ETF approval. I feel like there’s a good chance we could see a massive price swing next week. There will certainly be big news one way or the other.

Since caffeine is considered a drug, anyone who drinks coffee everyday is technically a drug addict. Good on you for staying clean Tongue

Mushrooms and coffee? I don't think my stomach could keep that down.


Caffeine is considered a drug only because in some people it acts as a CNS stimulant.
For example, they can't sleep shortly after drinking a cup of coffee.
Personally, I have absolutely ZERO stimulus from drinking coffee, so I drink it mostly for taste and/or with food.
However, caffeine is known for many other positives:

1. you could live longer (duh!)
2. less likely to develop type 2 diabetes
3. less likely to develop Parkinson's
3. decrease risk of colon cancer, stroke and Alzheimer's
4. less likely to develop heart failure


source for above:
https://www.hopkinsmedicine.org/health/wellness-and-prevention/9-reasons-why-the-right-amount-of-coffee-is-good-for-you

on balance:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8467199/

I know at least a couple negatives too: not good for younger children and Meniere's disease (causing vertigo and tinnitus) sufferers.
246  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 03:27:08 AM
~snip

as avatar-szed it looks like this


 Originally, I only made this one and only in this size:

 

I think all the corners I cut have now come back to bite me Smiley (only wrt hats though)


Very nice!
One comment- in avatar size bitcoin word is not very clear, although it is great on original.
I wonder if it is possible to increase contrast somehow (when it is an avatar size)?

 Thanks for the tip!  Is this better?




Definitely!
247  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 03:08:21 AM
I really like this, doing more than most exchanges in the space have



https://twitter.com/vaneck_us/status/1743300722928619779

Good to know...I am planning to slowly sell some of my money market funds into bitcoin ETFs in my IRAs (as we go from currently "lucrative" 5.4% to 4-4.5% interest in 2024, presumably). I was leaning toward Invesco or Fidelity before, but now will give VanEck a look, for sure. My money market funds are just a portfolio stabilizer...and now I want to "destabilize" it a bit, ha ha.
248  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 02:51:20 AM
A few years ago, I took a shortcut while making a hat for cygan.  I looked and looked for his original avatar in a large enough size to work with but the largest image was only 80X80 px and the square patch on the hat is about 250X250 px.  Never having seen a 1 Deutsche mark coin before, I didn't know the basis for the "bitcoin" he was using - I thought it was an image of a collectible but I coudn't find it anywhere.  Fast forward to today and after a couple of PMs I was enlightened.  I asked him if the 1994 on the coin had any significance and he said "No" and suggested that 2009 would be more appropriate.

 This is what he used to use:



and here's the new coin I minted today because as you know, there were no Deutsche marks minted after ~2001 (it can never be easy):



and subsequently placed on a newly constructed original:



as avatar-szed it looks like this


 Originally, I only made this one and only in this size:

 

I think all the corners I cut have now come back to bite me Smiley (only wrt hats though)


Very nice!
One comment- in avatar size bitcoin word is not very clear, although it is great on original.
I wonder if it is possible to increase contrast somehow (when it is an avatar size)?
249  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 06, 2024, 02:40:32 AM
....

....I’ve never had coffee. I did have a neighbor growing up who used to drink his coffee with mushrooms in the morning. .....

Do you live on another planet?

Some people cannot consume caffeinated drinks and decaffeinated coffee is largely meaningless, imho.
I did not drink coffee regularly until my 20ies; I have a cup daily now, but not more.
Many younger adults I know (family and their friends) don't drink coffee either...some prefer Dr. Pepper (it's a Texas "thing", mostly, but i saw it at a convenience store in London, surprisingly). If you see it-give it a try as it tastes differently from Coca-cola and Pepsi.

EDIT: sorry that I was answering a comment addressed to somebody else  Cheesy
250  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2024, 05:24:17 PM
JustIN Bieber: Exceptional Trustworthy Females (ETFs) win approval.



AI? (can't see knuckles)

Of course it is. I said Trustworthy...
 Grin

Gorgeous. Give me a fully functioning robot like this and I can dump my GF any day.

See my edit above. AI is getting (too) intelligent.

Oh my words....!!!!......Gorgeous....!!!

For a reference her face beauty score is 84 while Emma Watson got just 75

 

Top pic-"uncanny valley"/photoshop vibe, just look at those pupils  Roll Eyes.
Bottom pic-more alive and "homey" for sure (an actress who played a character from "Harry Potter").
251  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2024, 05:11:38 PM
Where is here? WO? Your country?

@JayJuanGee called "   Poor roger", and you called I'm from WO is my country nice  Cheesy  Cheesy  Cheesy

Warren Buffet (93 years old), is located here  Cheesy, still invests like a 20-30 year old with ONE stock at 50% of his company investment portfolio.
MSTR had borrowed money to invest in bitcoin, essentially on margin, and M. Saylor is 58 yo.

'Warren Buffet, M. Saylor, Colonel Sanders' some off more people is the golden man, I was talking about most the lazy people. Cheesy  Cheesy  Cheesy

Eat-Sleep-HODLE Cheesy  Cheesy  Cheesy

Actually, you wrote the word "here', then proclaimed that "here" people don't care about anything but vacations at 60, so I was wondering where such "here" is?
It certainly isn't where I am.
252  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2024, 04:39:14 PM
The BTC halving is now less than 100 days away.

New ATH incoming?

x



Mathematically, the projection of these number series is $36280 by halving, but I don't want to believe this number (too small).
If by a % of prior ATH, the repeat of prior 'arrangement' (between the prior ATH in 2017 and 49% of it at halving in 2020) is even slightly smaller at $34236, which also feels a bit low.

IMHO, 45-55K is where we should 'aim' at.
253  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2024, 06:38:23 AM
Very few people can be found here who take the decision to invest around the age of sixty.

Where is here? WO? Your country?

Warren Buffet (93 years old), is located here  Cheesy, still invests like a 20-30 year old with ONE stock at 50% of his company investment portfolio.
MSTR had borrowed money to invest in bitcoin, essentially on margin, and M. Saylor is 58 yo.
254  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2024, 10:20:41 PM
I am mentally ready for a 10K daily up-candle...soonish.
It could Bart down later...or not...I just want to make a screenshot for my personal history folder  Grin.
255  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2024, 08:22:42 PM
The stars are aligned for $200k Bitcoin in 2025.



respect...Mooch is based.

BTW, Valkyie and Ark also filed 8-A forms (in addition to VanEck, Grayscle and Fidelity who filed previously).
https://www.theblock.co/post/270379/fidelity-grayscale-filing-8-a-forms-show-progress-for-spot-bitcoin-etf-applications
256  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2024, 08:19:31 PM



Apparently, David Hasselhoff reacts to acceleration faster than his passenger... So funny!

I remember I was hooked on that show.

All I remember from Knight Rider is a music refrain and lights...those lights...oh my!
257  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2024, 05:14:03 PM
ETF is coming for sure, apparently (Matrixport be damned): Fidelity, Grayscale and VanEck just filed the 8-A forms:

https://cryptoslate.com/bitcoin-etf-decision-may-be-imminent-as-grayscale-files-exchange-registration-form-bloomberg-analyst/


Initially there were many in the race for the first spot Bitcoin ETF: BlackRock, VanEck, Grayscale Investments, Hashdex, Valkyrie, Fidelity, Invesco, WisdomTree, Ark 21 Shares, and Franklin Templeton.

Now only Grayscale, VanEck and Fidelity have filed their 8-A.

https://cryptoslate.com/bitcoin-etf-decision-may-be-imminent-as-grayscale-files-exchange-registration-form-bloomberg-analyst/

at least some of the others would probably file later today or tomorrow (I don't believe that SEC would allow Fidelity, but not BlackRock, lol).
I am just glad that GBTC is among the first...I want that 8% discount gone ASAP.
I also wonder if arbs would play with those ETFs...we shall see if prices would deviate from NAV significantly, and they could (in a short timespan).
258  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2024, 04:45:51 PM
ETF is coming for sure, apparently (Matrixport be damned): Fidelity, Grayscale and VanEck just filed the 8-A forms:

https://cryptoslate.com/bitcoin-etf-decision-may-be-imminent-as-grayscale-files-exchange-registration-form-bloomberg-analyst/

Quote
A Form 8-A is typically filed when an ETF is approved.
259  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2024, 03:22:49 AM

yea, 67 is now a full SocSec age....used to be 65, but then they changed to something weird (for most: some years plus months, but for people born after 1960-67 years exactly).
I still have a few years to go, but for people approaching the date and still working the question is: do i take it at full retirement age (FRA, like 67 or slightly less ) or at 70. More money at 70 (as much as 24% more), but you miss out on 3 years when you could have used the cash to, for example, invest in something like bitcoin, property, etc. Considering that SocSec would have some kind of "crisis" by 2033-2035 (with a potential 20-23% cut), maybe it literally pays to take it at FRA.

Any of us in bitcoin should be able to make up the difference between 62 and 68 or whatever it might be, so I am sort of a fan to just start collecting it right away.. but surely the variables are going to differ. .and then how much is it that you need in order to be at fuck you status (even if you are not completely there)?  

Let's say for example that a few years ago, you thought that your social security, pension and 401k and/or whatever else you have (not counting bitcoin) was going to be able to pay around 140% of your monthly expenses, but then a lot of things might have had to have been cut in half in regards to your expectations, so I am not saying any of that would be going to zero, including social security, but the debased dollars are likely causing it to be way lees able to pay your expenses than you had anticipated.. Accordingly, you need a supplement, and in comes bitcoin... so maybe you don't have full entry level fuck you status with bitcoin but if you have 50% of entry-level fuck you status, then it may well be enough to supplement your other items... yet with anything, it sure would feel comfortable to have a wee bit of a cushion, and likely bitcoin will have good chances of keeping up with inflation (debasement) in such a way that it makes up for several of the short-falls of the other funds..

Of course, we likely don't have guarantees, yet bitcoin does seem to be an ongoingly great hedge as a supplement income..


Without going into too much detail..of course it matters, but only if you continue to work.
Say, you decided to take soc sec at 62, but continue to work..this would result in government "taking/deducting" $1 out of each $2 you earn above $22320 per year. They simply subtract these $$ from your "benefit", presumably until there is a "0", potentially, so there is ABSOLUTELY no point in getting social security at 62 if you continue to work and make average salary (or above) in US, which is currently 60k/year. Sure, if you make 22-23K (or below), then, by all means, taking soc sec at 62 might make sense.

https://www.ssa.gov/pubs/EN-05-10069.pdf

That said, if bitcoin continues to deliver, this would be all academic.
260  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 03, 2024, 07:35:41 PM
It's kind of funny that they had to roll out "bazooka" Cramer (in reverse mode, of course) to cool the momentum  Roll Eyes.
It "worked' like a charm...for now.

As far as ETF's are concerned...Invesco has 0% fees for 6mo/5bil in assets (0.59% after that), next is Fidelity with 0.39%.
Imho, Blackrock would come up with...drum roll...0.36% or so, beating Fidelity, but just barely.
We should know by the EOW.
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