Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Searing]

4000 USD ?!?

It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done. But then what would I do with my free time?

I guess I could go back to Candy Crush or BOINC. I abandoned those in late 2014 to give BTC and Cryto a try.

And what will you do with a mere $8000? You should be working on making that sum grow!

I hope that at least this Bitcoin game has been much more exciting (and lucrative) than Candy Crush

Attic mining

Go to attic sell 3k of crap bit by bit. Empty attic. Buy btc
3k. Then fix paint attic. Make rec room. Increase value of house 10k

Win/Win

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[JimboToronto]

I'm 49 and a smoker. Not sure I'll be around in 20 years. Should stop delaying going to the doctor...If I do go to the doctor and the prognosis is poor, I'll cash out then. I'm getting paranoid that my partner won't be able to figure out what to do with my BTC if I should meet an untimely and sudden demise; and then they'll just be burned coins.

Ok, fair enough. But if you do make it another 20 years, keep in mind that things like Medicare, Pensions, and Social Security will likely have gone the way of the dodo. Not to mention run away inflation. You may be wishing for yourself or your loved ones that you had held on to those 2 bitcoins. Perhaps pass them along to your heirs instead of cashing out?

 

When I was 20 years old I thought I'd never live to see 35. Let's just say I partied pretty hearty. Sex & drugs & rock & roll. (Kids today can't handle their methamphetamine.)

I also realized that by the time I reached old age, all the other babyboomers would strain the system so badly I wouldn't be able to depend on the government to support me. Unfortunately I made the mistake of investing in real estate, paying compound interest on mortgages. That ended in bankruptcy.

Luckily when I was 64 years old, I discovered Bitcoin. Now that I'm in my 70th year, I realize I might live until I'm 135. I'm glad to have my bitcoins to fall back on.

Hopefully I won't be able to spend them all and my nieces and nephews will be rich some day.

[jojo69]

Money gives freedom, spent money doesn't.

It does if what you spent it on is real productive assets and infrastructure for self sufficiency.






also...you crack me up Jimbo!   lol

[hodl_2015]

I'm 49 and a smoker. Not sure I'll be around in 20 years.

An (otherwise) healthy human body is surprisingly good at getting rid of toxic substances and recovering after you quit smoking. Many cells get completely replaced every few month anyway. Long term health effects statistics are mostly if you keep smoking, but are reduced to almost normal a couple years after quitting.
Quid smoking today, and if you must, delay seeing the doctor. If you still have not made up your mind a year later, you will at least feel a lot better already and not worry about seeing a doctor.

[bitserve]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Feel free to not answer the question for privacity reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever.

I'm not selling. I'm just a bit more extravagant with my regular savings

That's another thing. If you were already able to buy that lambo with your non-new wealth and do it now because of the additional "cushion" thanks cryptocurrencies that's way different and reasonable.

[bones261]

Thanks for all the encouragement, people. Now all I have to do is actually make the right decisions, especially about the smoking. That habit is nothing but a drain on my financial resources and health. It's so hard though. Tried many times and failed. Maybe I will try vaping. At least that is a little easier on the lungs but not the heart.

[bitserve]

Money gives freedom, spent money doesn't.

It does if what you spent it on is real productive assets and infrastructure for self sufficiency.






also...you crack me up Jimbo!   lol

Of course.... But please don't confuse spent money with INVESTED money. Spent money is gone.

[bitserve]

Thanks for all the encouragement, people. Now all I have to do is actually make the right decisions, especially about the smoking. That habit is nothing but a drain on my financial resources and health. It's so hard though. Tried many times and failed. Maybe I will try vaping. At least that is a little easier on the lungs but not the heart.

Look, I a few years ago I had to quit smoking for health reasons. I was a three pack a day smoker. I didn't really wanted to quit, I loved smoking. Yet I did know I should quit. ANyway, to make the story short.... Now I am a happy vaper and never looked back. Try it, but don't go with the cheap store vaping stuff or you will be disapointed. If you have any questions about it, just feel free to ask. You can do it with no effort if you really want.

P.S.: Oh, and you are confussed that it is not also good for the heart. Maybe you are referring to nicotine which, ok, it has some moderate impact on temp artery constriction but it is minimal in comparison to smoked tobacco plus you don't really need to use nicotine (I do). Vaping is hundreds of times less harmful that smoked tobacco.

[JimboToronto]

OMG another ATH. 

Gotta run to the ballpark if I wanna see the first pitch.

Hopefully we'll be over $3900 by the time I get back.

[practicaldreamer]

Attic mining

Go to attic sell 3k of crap bit by bit. Empty attic. Buy btc
3k. Then fix paint attic. Make rec room. Increase value of house 10k

Win/Win

That is a very good idea Searing. I have all manner of shite laying around that could well raise a few quid.

How do others here feel about paying $4k for a coin when you might well have initially paid $400 or if you're lucky $4 ?

I feel a bit odd about it (not done it yet BTW). Would pull up my cost average for one thing. I suppose that at least if I were to buy from the 'attic' then it wouldn't seem so bad.

But I do still believe - and, I suppose, now more than ever. $10k is well within sights over the next 18 to 24 months. What other investment could give me that kind of return over the same timespan ?

[hodl_2015]

Thanks for all the encouragement, people. Now all I have to do is actually make the right decisions, especially about the smoking. That habit is nothing but a drain on my financial resources and health. It's so hard though. Tried many times and failed. Maybe I will try vaping. At least that is a little easier on the lungs but not the heart.

If you want my non-medical, non-smoker(ever), but computer programmer opinion, I would first stick to a fixed number of cigarettes per day/week, then cut it down slowly, maybe even 1/4 cigarettes at a time. And definitely find something else to chew on and play with, maybe get a huge box of wooden dowels at the hardware store. The habit is more addictive than the chemicals.

[jojo69]

OMG another ATH. 

Gotta run to the ballpark if I wanna see the first pitch.

Hopefully we'll be over $3900 by the time I get back.

GO JAYS!!!

[practicaldreamer]

Thanks for all the encouragement, people. Now all I have to do is actually make the right decisions, especially about the smoking. That habit is nothing but a drain on my financial resources and health. It's so hard though. Tried many times and failed. Maybe I will try vaping. At least that is a little easier on the lungs but not the heart.

If you want my non-medical, non-smoker(ever), but computer programmer opinion, I would first stick to a fixed number of cigarettes per day/week, then cut it down slowly, maybe even 1/4 cigarettes at a time. And definitely find something else to chew on and play with, maybe get a huge box of wooden dowels at the hardware store. The habit is more addictive than the chemicals.

If you want my advice as an ex smoker, explore vaping.

[Meuh6879]

is this real life? can somebody hold my hand please 

[bitserve]

Thanks for all the encouragement, people. Now all I have to do is actually make the right decisions, especially about the smoking. That habit is nothing but a drain on my financial resources and health. It's so hard though. Tried many times and failed. Maybe I will try vaping. At least that is a little easier on the lungs but not the heart.

If you want my non-medical, non-smoker(ever), but computer programmer opinion, I would first stick to a fixed number of cigarettes per day/week, then cut it down slowly, maybe even 1/4 cigarettes at a time. And definitely find something else to chew on and play with, maybe get a huge box of wooden dowels at the hardware store. The habit is more addictive than the chemicals.

I do agree that habit is more addictive than the chemicals (I was a COMPULSIVE smoker yet my addiction was not so strong as in other people ie would not go in a hurry to buy more in the middle of the fucking night). But, what you are suggestion of limiting/restricting the number of cigarrettes doesn't work. If you allow yourself a pack, you will think one or two more wouldn't make difference, and go on.

A real smoker cannot restrict the number, the only way is to QUIT. And vaping will help you LOADS here.... Just don't do both smoking and vaping at the same time, or you will quit vaping instead

[DaRude]

Bam guess this is an express train i guess we won't be stopping at the $3k station
https://youtu.be/gkime9M4z34

[ErisDiscordia]

Is it going to crash upwards all the way through 4K$?? 

[bones261]

About the smoking thing... Have you tried vaping? The vaping industry has evolved amazingly in last 5 years.

I haven't tried that. However, one of my goals is to eliminate this expense from my budget. Is vaping cheaper?

About the "heritage" you should be instructing her already on this stuff and what to do.

My partner is actually a he. We are not transgendered, so male pronouns are much preferred. (Not offended though at you. Common mistake. You don't know me and naturally assuming a straight relationship will always be the default assumption.) The problem with sitting down with him is that he fails to try and understand bitcoin. He has made it clear that I am not to spend any of our fiat on more bitcoin. I have on rare occasion did something sly to get a little more. Now when I try to sit him down, he knows how much my BTC is worth, and the pressure to sell from him starts up.The main issue is actually the amount of time that I spend tending to my BTC and Alts on the internet. Reading, fiddling with code. He hated Candy Crush and BONIC just as much when it took my time away from him.

ABout the richness... Maybe it won't make you rich... but try make it at least a sum that could change anything in your life.

True, the yield on it has been vastly better than my 401K.

Btw, some people consider that money is for spending. I think the money is for BEING ABLE to spend it. YOu are only able to spend money that you haven't already spent. Money gives freedom, spent money doesn't. Unless you know you only have like a few months left.....

True, even if I only have a few month left, at least the BTC will be able to pay for the funeral expenses right now. One less burden for my partner, if he can figure out how to liquidate the BTC.

[Meuh6879]

Feeling like I'm going to be driving that Porsche this winter !

I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it?

Ask Roger Ver.
He has a lambo in Tokyo (yellow).

[jimmy_007vn]

did bitcoin get segwit yet?