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Poll
Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 19 (19.6%)
1-10% - 11 (11.3%)
11-20% - 12 (12.4%)
21-30% - 15 (15.5%)
31-40% - 4 (4.1%)
41-50% - 10 (10.3%)
51-60% - 8 (8.2%)
61-70% - 5 (5.2%)
71-80% - 3 (3.1%)
81-90% - 2 (2.1%)
91-99% - 0 (0%)
100% - 8 (8.2%)
Total Voters: 97

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21781056 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (147 posts by 36 users deleted.)
birr
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June 23, 2019, 02:58:09 PM


A Bulgarian woman had a fishing float (bitcoin) she kept it at the bottom of a lock. But one day the water kept rising. She was like smooth. It kept rising almost to the top. She knew she could remove the float anytime if it was to start draining drastically. But she just watched the float bobbing about in the lock.

One day it rose up so high the little float bobbed of into a big river, then into a huge river, then into an ocean. The woman was very happy for her faith in physics.

The same the lady's bitcoin floated away, her husband lost his bitcoin in a boating accident.
"At least we have each other.  That's what's important!"
And they lived happily ever after in their little house by the lock.
Don't be like them.
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June 23, 2019, 02:58:19 PM

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

This fictitious group that you created of persons who supposedly bought between $13k and $20k don't really exist in the state that you describe them (except perhaps as a kind of unicorn).

But I get your point.... and it may be true in some cases that there are some people whose portfolios are in the red that might start to become more optimistic as BTC price rises and their portfolio gets back into the black.


Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

That's something like what I am trying to say.

I know many a people who invested only what they could afford to lose during those price ranges and are still holding. Whether this subgroup (unicorn investors) extends to an unknown amount of people that could potentially effect the market is yet to be determined or if ever will. I know the mindset of people who have simply thrown what they could afford to lose into btc and have the notion to hold for 5-10 years and or specific price points.

My problem with your hypothetical group of peeps is not that they started to invest in the $13k to $20k range, but that any prudent person would have concluded that bitcoin was a good investment within that price range and then only invested in that price range and left their average price per BTC within that price range.  That sounds a bit imprudent and like gambling rather than investing only what you could afford to lose.  Maybe I am judging these unicorn kind of people too much because to me it seems a bit like bad logic to set your quota for how much you are going to invest and then fail/refuse to take further action when first of all the unicorn had started to invest after nearly an 80x price peak in bitcoin had taken place and then failed/refused to take further action when the price dipped below $13k for more than a year and a half from early 2018 to now.. Not very prudent in my thinking.

A vast majority of people have some kind of cash flow.... so going all in at the peak seems like a kind of gambling dumb, but continuing to invest over a 2 year time frame would not have been too dumb.  Of course, having a time line that is 5-10 years will make up for some of the dumbness as long as these hypothetical unicorn peeps are buying and accumulating BTC during this time rather than attempting to exacerbate further dumb by selling at the wrong time and taking further away from the potential profitability of their portfolios.

There is a decently common expression that it is hard to lose money during a bull market, but I do understand that some people do manage to figure out a way to accomplish such against the odds losing of money, even with such a historical bullish asset like BTC.. and that is kind of what causes them to be unicorns.. perhaps people without brains who have irresistible inclinations towards gambling.    Cheesy Cheesy Cheesy Cheesy
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June 23, 2019, 03:02:51 PM


1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?
Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

2021 is the target.
A few years ago, I had my natal chart done. It said I wouldn't have to worry about money anymore at age 46.
I'll be 46... in two years.

I’d like to be able to achieve financial freedom at 35.
I’ll be 35... in two years Cheesy

Fist bump for being rich as fuck in 2 years Cheesy
And I will be 39. OHO! Good to have this feeling that financial freedom in under 40 🤪

Hello uncle kenzawak 😂

I hope I won't die... at 47, that would suck !
Meh I think I still have a few years left in me.

Yeah... don't drive too fast in your lambo, nor imbibe too much blow... but you can bang as many hookers as you wish.    Cheesy Cheesy Cheesy
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June 23, 2019, 03:04:27 PM
Merited by JayJuanGee (1)

The conventional wisdom says, only invest what you can afford to lose.
I plunged in with almost my entire life savings.  I am not the type to panic sell, so I've survived the ups and downs and come out in pretty good shape.
If I had invested only what I could afford to lose, I'd be living in poverty now, scraping by on disability checks.
Moral of the story?
F@&k conventional wisdom.
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June 23, 2019, 03:08:17 PM


BTC should make you & your wife wealthy but if you save even a couple of full BTC’s in cold storage when your daughter is our age she will be free from any worries, any stress etc.

Our journey into BTC is about making sure future generations are provided for too.

(I don’t have kids but we plan to have one in a couple of years).

Great wealth does NOT free a person from worries and stress.  In fact it comes with many responsibilities and stresses of its own.

Life free of Worries and stress is a matter of inner mindset and attitude, not outward circumstances.

It is not the same to mourn your sorrows inside a Bentley than in a Lada.
Wealth is not the solution of everything, but if you are rich you have more options.
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June 23, 2019, 03:09:12 PM

12288

20-6-2019 bitebits
13-12-2019 nikauforest
10-04-2020 yefi
05-09-2020 Samson
23-06-2021 fortune143

Update
Translation please 🤪

There where much more participants... older game list
Those are the only remaining

Question was when to break that price.... 24777 was out but we dipped pretty low, Then the 12288 was out and we keep dipping......

Now they are back more alive... but many predictions are out of competition already

Btw has someone please the original post?? Cause damn I really have to look, cause I don’t know the exact Rewards anymore

I know the 24777 was a little more in btc, think .25 and the other .125
Not sure of this have to see my post again Roll Eyes
24777 BTC0.25 confirmed; https://bitcointalk.org/index.php?topic=178336.msg26767496#msg26767496
12288 BTC0.125 BTC0.15 https://bitcointalk.org/index.php?topic=178336.msg34164385#msg34164385


Thx V8
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June 23, 2019, 03:12:12 PM



1 BTC =
* by reading this post the permission of further design updates will be granted

Finally!!!!!!!


Where you been Gysur?

WO peeps have been so worried and lost without your updates, and not knowing whether roach was going to end up being correct or not.. or if we would have to petition for the return of Chartbuddy.    Cheesy Cheesy Cheesy

Edit: 

Yeah, and I see you almost got displaced by lambo/btc valuations.
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June 23, 2019, 03:14:56 PM
Merited by LFC_Bitcoin (1)

Girlfriend is away
Time to buy cheese ham waffles
Mmm... Alone time rules.

You need to go hang with the goose, his lady is in Vegas on work for a few weeks.

The adventures of nutildah & micman - HANGOVER 4

Cheesy

I didn't know you had a tattoo?

Fuck me either!



Who, me?

I’m covered in tattoos amigo.

Its a quote from your imaginary movie.

ps me too (mostly Japanese)
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June 23, 2019, 03:17:30 PM


1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?
Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

Your analysis sounds quite reasonable to me, provided one really, really wants a Lambo (as in "my dream is to own a Lambo"). I never liked sports cars, so no Lambo for me... But a Tesla? Yes! And cheaper, too.

In any case, I'd suggest that spending BTC should be carefully thought out, and must commence when one reaches his/her target wealth. Any earlier use of BTC for purchasing stuff will only delay the attainment of said target. The earlier you spend BTC, the later you'll reach your target.

Good things come to those who wait.
HoDL.
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June 23, 2019, 03:18:14 PM

Major Crypto Exchange Bitfinex to Briefly Go Offline for Upgrade Next Week

Quote
Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also close for maintenance at the same time.

https://cointelegraph.com/news/major-crypto-exchange-bitfinex-to-briefly-go-offline-for-upgrade-next-week
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June 23, 2019, 03:19:13 PM

And then I Immediately hit a JJG post. Smiley

SHIT!


Yeah... who needs that? 

Why don't you just skim those damned "JJG posts"?


Your glasses are not pink enough!!! Cheesy Cheesy Tongue

Welcome back from your hiatus.

Looking forward to the return of attempting to read your stream of consciousness, half-baked, quasi-incoherent, but mostly bullish posts on a more regular.   Cheesy Cheesy Cheesy
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June 23, 2019, 03:25:30 PM

Meanwhile, Bel Air mansion could easily become a venue for the 100k party. Who needs Vegas when you have this:

https://www.businessinsider.com/most-expensive-lease-los-angeles-mansion-for-rent-price-photos-2019-6

Fill it up with booze, hoes and blow and it's ready for the ultimate party!  Cool

Champaigne pinball machine looks cool too Grin

$1.5m per month but I guess we could negotiate and rent it for 1-2 nights...  Grin

This is what you want to rent for a month.



https://tix.newportmansions.org/ecommerce/inc/breakers.html


I wouldn't pay 100k $100 to go to a party with you freaks.
Whoazzzzzaaaa!!!!!  Shocked Shocked  We got a BIG spender, here.  

Birr Got massivly hosed by MyMonero.com so I can empathize with not wanting to celebrate other people being stinking rich when you got fuked out of that group.

That's an enlightening new perspective on the incel phenomenon.

I had to google "incel", I guess I am out of social media shit by a pretty wide margin, So trans gender bathrooms are no longer the wacko rage?

And then I Immediately hit a JJG post. Smiley

SHIT!


Yeah... who needs that?  

Why don't you just skim those damned "JJG posts"?

It's a must these days! I remember back in the day when you could actually read a JJG post catch up with the thread and sneak 8 hours of sleep in! Tongue

Well, got company and have to get something done today. L8rs all. Smiley
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June 23, 2019, 03:26:37 PM

1 more day till my first month of Keto is complete 16 3 to 14 7 so far, so good.

I did it before for like a month or two.  I'm not fat but just did it to see how low of body fat I could get.  It works, but it's completely pointless.  Your body identifies the condition as a sort of starvation mode, so the second you stop it immediately hoards all the carbs and stuff it can get.  In other words, keto is the most pointless yoyo diet on the entire planet unless your name is Sylvester Stallone and you need to temporarily have 4% body fat for the movie Rambo II.

In the movie I think he said he had zero energy and felt like he was going to die the entire time.  If you want to actually get into shape, you need to change your diet permanently and not do a yoyo diet, and also cardio exercise.  For people that don't want to or can't run, if you're rich, buy a swimming pool and elliptical machine, if you're not, buy an elliptical machine.
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June 23, 2019, 03:50:03 PM

What impress me is that, even with bitcoin recovery fulfilling itself, and the return to the previous ATH being possible right now, we still have nocoiners bashing bitcoin, saying it dont have any use because they cant buy bread with it. I dont know why I still get angry with this kind of people, but it seems hard to avoid them.


 At gyft.com you can convert Bitcoin to electronic gift cards1 with which you can purchase bread (or pretty much any other common need).

1This is not intended as an endorsement of Gyft.


I get your point that if you want to spend your bitcoins, there are ways to accomplish such spending goals. 


Be we all know that there is no immediate need to spend your bitcoins, unless you know that you are dying in a short period of time and you would rather spend them while you are living rather than leaving them to heirs. 

Otherwise, there will likely be more spending friendly regulations and means to spend your bitcoins in a few years.... to the extent that you might want to start spending them in the near future.

With the reduction in services of Localbitcoins, I am still hoping that in the near future, some like services are going to evolve.  One thing that was nice about local bitcoins was that anywhere in the world you could find someone who would be willing to trade bitcoins - of course, BIGGER cities offered more advertisers.. but at least there were means for peer to peer exchanging of bitcoins and cash.
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June 23, 2019, 03:54:29 PM
Last edit: July 03, 2019, 01:50:04 AM by VanguardVale
Merited by El duderino_ (1)

Bitcoin is just 25% in the current bull cycle until the price of bitcoin hits its next peak, the cryptocurrency still has a lot of room for growth. However, there will be a resistance at $11,700 as the price of bitcoin tends to rally for five weeks before hitting the breaks. The current rally is supported by both fundamental and technical factors, and there is enough evidence to suggest that the huge price targets being doled out by bulls are more than just wild fantasies.
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June 23, 2019, 03:59:35 PM


I'll be 46... in two years.

I’ll be 35... in two years Cheesy


And I will be 39.


32....
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June 23, 2019, 04:01:46 PM

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

It’s too much money unless we end up with a situation where 1BTC or 2BTC = a Lambo then you can probably leave me out.
I can afford to buy a couple right now & have a good stash still left but fuck that.

I’m not spending a sizeable amount of my stash on a fucking car, man.

Big, massive house & multiple apartments to rent out - yes.
Car - No

Never spend huge amounts of corn on anything unless it’s something that increases in fiat value. New cars are one of the worst investments.


Yeah, but get real LFC.

I understand that you are still in a kind of scarcity mindset, but once you reach filthy rich status, then at that point you have so much excess wealth that you will likely become less frugal than your current mind-set will allow.  I already can see from your posts that you do not have a warren buffet mindset.  You are not going to be eating at McDonalds and driving 15 year old cars once you reach filth rich status.

Furthermore, I appreciate that your threshold for spending money on a lambo is decently high, and probably in a similar arena as mine, even though I do kind of like cars.. not as much as hookers, but still... I can appreciate a nice car.

so yeah, perhaps there are some WO peeps who might go so low as 1/5 ratio and willing to spend their BTC on a lambo, and I am more likely in the 1/300 ratio.. but you might be in the 1/1000 ratio...   Part of my point, is that there would be a threshold in which extravagance is part of the mix... including flashy cars, such as a lambo.  Yeah the hookers and blow might have a lower threshold, but those ones were not really part of my hypothetical question.
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June 23, 2019, 04:12:23 PM
Merited by JayJuanGee (1)

Good afternoon beautiful peoples. Btc pump and backlog increase here.

Finally 5 figure, for some of us it's psychological mark. Hopefully 15k will cross soon. Congrats to those who were buying religiously when it was around $3100 - $8000. I congrats myself Shamelessly Cheesy

Happy weekend and it's great time to have some sin, so go on lads  Smiley


I am going to show excitement again once we hit $20k mark and I hope it will be very soon 😜
I will try to be humble and compose,  when it touches 20k, 30k, 50k mark.  Undecided

Try if you must.    

But may or may not be necessary to try to be humble and composed to the extent that you really acquire "fuck you" money status... YMMV.   Wink Wink


 Cheesy Cheesy Cheesy


I am not going to comment on your diplomatic response but would love to pick your and vapourminer's brain sometime, if we ever get to chance to meet with each other in real life. already dodged a one philosophical debate with both of you guys Cheesy ( due to lack of time)
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June 23, 2019, 04:15:44 PM


1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?
Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

Spending 1 BTC on a lambo when you have 10, it's still as dumb as it gets. You are putting 10% of your wealth on a god damn car, which will not stop there because those cars are high maintenance. So you better be making at least 10k a year only reserved for the car.

If you had 20.. then maybe, and it couldn't be one of the brand new ones, should be something more modest like an used Gallardo which goes for around 90k.

You'll also have to deal with taxes, because you can't buy a car or a house without getting taxed the fuck out, which means having to report where every single satoshi comes from, which is a nightmare within itself. I have for instance payments from signature campaigns from years ago which im not sure how I should exactly prove they come from there as the websites don't exist anymore (Coinut for instance, used to pay you on their website, and I didn't took any screenshots of the payments or anything... so you tell me). Then there's the forks nightmare, then there's the trading which occurred on exchanges which no longer exist nightmare... and so follows. Those are just motivations to hodl the thing, I don't even want to think about any of that. Im hoping there's some sort of amnesty at some point and we are allowed to sell without having to deliver all those details from ages ago which nobody has kept track of 100%.
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June 23, 2019, 04:17:29 PM


1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?
Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

Your analysis sounds quite reasonable to me, provided one really, really wants a Lambo (as in "my dream is to own a Lambo"). I never liked sports cars, so no Lambo for me... But a Tesla? Yes! And cheaper, too.

In any case, I'd suggest that spending BTC should be carefully thought out, and must commence when one reaches his/her target wealth. Any earlier use of BTC for purchasing stuff will only delay the attainment of said target. The earlier you spend BTC, the later you'll reach your target.

Good things come to those who wait.
HoDL.

Fair enough regarding the differing purchase preferences.

Also, fair enough regarding what wealth thresholds are preferable to be met prior to going on any kind of spending spree.

Surely, with bitcoin's volatility, each of us would need to be careful regarding going into "fuck you" status too early.  So we should make sure that we have our bases cover first before we start burning too many bridges in terms of our historical ways that we had been able to make money, presumptively through work.

No matter what these contemplations should not necessarily be framed in terms of all or nothing thinking, because even though there are no certainties in bitcoin, we could still frame our BTC wealth in a kind of minimum expected rate of return.  Currently, my thinking is that I can presume that I will not ever have to cash out my BTC below $5k (even though that is not a 100% certainty, it currently remains a base in which I am willing to consider myself  likely BTC value and returns over the years to come). 

Guys and gal are going to come to differing conclusions about what is their base value and whether they can start to spend some of their value or at least begin to increase their lifestyle a little.  So instead of buying 10 year old cars, start buying 3 year old cars and things like that.  After a while, there will be weekly steak dinners or some other previously conceived extravagances that are happening on the more regular as the wealth increases or at least getting towards the goal becomes closer and closer and even perhaps reached prior to actually meeting the threshold amount.

I guess what I am trying to say is that there is likely no real black and white, even though I understand the idea of threshold and attempting to make progress towards certain thresholds before getting too wild in terms of spending... so surely we are on a similar page, there.
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