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

[Torque]

CSW citing a hurricane in Florida as a reason why he's unable to transfer half the BTC.   BAHAHAHA
So rekt. Next is contempt of court?
https://www.coindesk.com/craig-wright-aims-to-challenge-court-decision-that-cost-half-his-bitcoins?utm_source=twitter&utm_medium=coindesk&utm_term&utm_content&utm_campaign=Organic%20&amp&__twitter_impression=true

I can't believe that idiot Narcissist let things go all the way to court just to be shown as a complete fraud.

Oh wait... yeah I can.

[Biodom]

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).

That's right. Sadly I'll have to break some bitcoins for FIAT to make that possible. (Depends on the investment, probably all, but 1)

I haven't decided what to do with the (imaginary) money yet. Maybe buying a few flats and renting them away to the wage slaves. The easiest,  o brainer, but a bit disgusting way to do it.

What other passive income ideas have you got? Help me out!

I am starting to think even $1m won't be enough to live free. Maybe I aimed too low. Shoulda aimed for $10m instead. :d Aand its going up, need to buy more before it leaves the surface of the earth completely.

This is one of the questions I am pondering as well.
A modification of your plan: buy vacation properties, then hire a management company to deal with them.
vacation properties in good vacation spots in US have a 5%-10% (of the property cost) yearly cash flow.Considering that with good credit score you'll need to put down only 5-10% of the property cost, it does sound interesting (not my idea, but i kinds of like it).
Another advantage: you get to go on vacation at your own property where you carve out a week or two for yourself,

[vroom]

I predict a violent price explosion within the next 5 days. The spiral spring is charged and ready to release it's energy.

Maybe September 1st?!

Missed only by one day!

I expected a bigger move, let's see where this current movement will end.

[hodl_2015]

The new level to watch out is 10.100 usd on the btc cme chart.
If the 4h candle closes above that line it will be bullish at least for the short term.

observing $10,111

[bitcoinPsycho]

CSW citing a hurricane in Florida as a reason why he's unable to transfer half the BTC.   BAHAHAHA
So rekt. Next is contempt of court?
https://www.coindesk.com/craig-wright-aims-to-challenge-court-decision-that-cost-half-his-bitcoins?utm_source=twitter&utm_medium=coindesk&utm_term&utm_content&utm_campaign=Organic%20&amp&__twitter_impression=true

if the hurricane destroyed the private keys, that's a good reason

[El duderino_]

We have thousands of years of history on world reserve currencies.

They all have shelf lives. They all have multi decade lead-in periods.

Given the technology now available, having the next world reserve currency be non-sovereign makes totally logical sense.

via Imgflip Meme Generator

https://twitter.com/travis_kling/status/1168555133455589376?s=21

[Torque]

The most lucrative RE in the future will be Senior housing complexes and near retirement housing complexes.

The second most lucrative will be young professional apartments in major city hubs.

Because neither of these two groups will be able to afford houses in the future, and likely won't even want them.

[El duderino_]

Thirty percent of all investment-grade securities now have negative yields. In other words, investors who acquire the debt and hodl to maturity are guaranteed to make a loss.

Why not just buy #Bitcoin and HODL?

https://twitter.com/bitcoin/status/1168311553134751744?s=21

[mindrust]

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).

That's right. Sadly I'll have to break some bitcoins for FIAT to make that possible. (Depends on the investment, probably all, but 1)

I haven't decided what to do with the (imaginary) money yet. Maybe buying a few flats and renting them away to the wage slaves. The easiest,  o brainer, but a bit disgusting way to do it.

What other passive income ideas have you got? Help me out!

I am starting to think even $1m won't be enough to live free. Maybe I aimed too low. Shoulda aimed for $10m instead. :d Aand its going up, need to buy more before it leaves the surface of the earth completely.

This is one of the questions I am pondering as well.
A modification of your plan: buy vacation properties, then hire a management company to deal with them.
vacation properties in good vacation spots in US have a 5%-10% (of the property cost) yearly cash flow.Considering that with good credit score you'll need to put down only 5-10% of the property cost, it does sound interesting (not my idea, but i kinds of like it).
Another advantage: you get to go on vacation at your own property where you carve out a week or two for yourself,

At some point we all are going to realize there isn't "easy money" probably. (at least easy streaming money) BTC is the easiest money I've known so far. I made nearly as much (or more) money in 2 years from BTC by DCA'ing with pocket money than what I got from my job in 7 years.

Buying and renting properties is not really "passive". As others pointed out above, it is just another business where you still have customers.

Maybe It will be a better business than what you have now, maybe not but it is not really "passive"

Passive means "no effort" You spend effort to collect those damn rents.

[becoin]

is it safe to invest in btc now?

No, it is too risky!
But you risk even more if you don't have any bitcoins!

[_javi_]

Happy 10k again!

observing moonshoot 10107 usd at bitstamp

take it easy, corn! slow and steady...

[bitcoinPsycho]

CSW citing a hurricane in Florida as a reason why he's unable to transfer half the BTC.   BAHAHAHA
So rekt. Next is contempt of court?
https://www.coindesk.com/craig-wright-aims-to-challenge-court-decision-that-cost-half-his-bitcoins?utm_source=twitter&utm_medium=coindesk&utm_term&utm_content&utm_campaign=Organic%20&amp&__twitter_impression=true

if the hurricane destroyed the private keys, that's a good reason

Apparently his dog ate his paper wallet

[Torque]

If everything around you is going up in price, as you hodl your [safe] fiat, that should be a huge red flag to you.

Ask a Venezuelan or Argentinian.

[Biodom]

The most lucrative RE in the future will be Senior housing complexes and near retirement housing complexes.

The second most lucrative will be young professional apartments in major city hubs.

Because neither of these two groups will be able to afford houses in the future, and likely won't even want them.

This seems to be correct. I see several multistory (17-20 stories tall) retirement buildings under construction smack in the middle of the otherwise healthy area in my city.
Luxury apartments for seniors (independent living, but with some medical staff, etc).
Second also correct, many such buildings are going up like mushrooms.
However, perhaps a bit too expensive a project to take on as a hodler/developer.

[Biodom]

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).

That's right. Sadly I'll have to break some bitcoins for FIAT to make that possible. (Depends on the investment, probably all, but 1)

I haven't decided what to do with the (imaginary) money yet. Maybe buying a few flats and renting them away to the wage slaves. The easiest,  o brainer, but a bit disgusting way to do it.

What other passive income ideas have you got? Help me out!

I am starting to think even $1m won't be enough to live free. Maybe I aimed too low. Shoulda aimed for $10m instead. :d Aand its going up, need to buy more before it leaves the surface of the earth completely.

This is one of the questions I am pondering as well.
A modification of your plan: buy vacation properties, then hire a management company to deal with them.
vacation properties in good vacation spots in US have a 5%-10% (of the property cost) yearly cash flow.Considering that with good credit score you'll need to put down only 5-10% of the property cost, it does sound interesting (not my idea, but i kind of like it).
Another advantage: you get to go on vacation at your own property where you carve out a week or two for yourself,

At some point we all are going to realize there isn't "easy money" probably. (at least easy streaming money) BTC is the easiest money I've known so far. I made nearly as much (or more) money in 2 years from BTC by DCA'ing with pocket money than what I got from my job in 7 years.

Buying and renting properties is not really "passive". As others pointed out above, it is just another business where you still have customers.

Maybe It will be a better business than what you have now, maybe not but it is not really "passive"

Passive means "no effort" You spend effort to collect those damn rents.

you don't spend much effort if it is a vacation house as it is going either through management company, airbnb, vrbo, etc.
At least, this is my understanding of it. So far I was only the vacationer in those, though.

[JimboToronto]

Less than half are wage slaves?

That's a good thing.

[makrospex]

^
Breakout....

i’m the last person able to do this ........

I almost went blind trying to read that, ha ha

you can avoid that, just quote the message and read properly 

...or copy/paste into a text editor.

[Biodom]

^
Breakout....

i’m the last person able to do this ........

I almost went blind trying to read that, ha ha

you can avoid that, just quote the message and read properly  

right, that's exactly what i did, hence the prior post

[Phil_S]

Maybe lucrative at first, but eventually they'll build too many "young professional apartments" buildings in one city, and crash the market.

[SuperTA]

Less than half are wage slaves?

That's a good thing.

This must be an older graphic, the user base has definitely grown hasn't it? *I fell extremely into this graphic except for the religious aspect, which I find quite surprising.

Yes, it's pretty old. From 2013. But i think that my hat would match with his jeans.

https://www.zerohedge.com/news/2013-03-10/demographics-bitcoin