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

[xhomerx10]

Spent plenty of time in Thailand in the past, haven't been there in years.
Maybe this won't be so easy, it is kinda obscure place to go. Here's better images of the boat, the locals, and the launch of a boat. Done in 30 knots of wind!
I'll add some of the monuments here if need be later.

Vietnam?

bit like this boat style





Mui Ne?

Its not Mui Ne, Phu Quoc, or Nha Trang but it's certainly Vietnam. More hints =  water color and wind strength. Hmmmm......

Giving up? Here's the pagoda in the center of the town.


I see the corn slid down a bit. 8670 now.  $101,700,000 sale to make that move.
Whale poop I believe.

 Linh Quang Pagoda: the oldest temple on Phu Quy island.  That explains the wind too.

 That was one of the toughest yet even with the full images.

edit:

Code:

https://www.google.com/maps/@10.5111999,108.9447211,3a,75y,139.86h,95.33t/data=!3m6!1e1!3m4!1sAF1QipPYYEyX8bu_hfLujxmcopcSq7iVeoj6wto-vitG!2e10!7i11000!8i5500

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[LUCKMCFLY]

Tic tac tic tac ... Halving ..

” The second halving event dropped Bitcoin’s daily issuance rate from ~3,600 BTC to the current ~1,800 BTC per day. This ultimately pushed BTC into the most recent bull run of 2017 where the asset saw a +2,800% increase over the following 18 months.”

The patterns are similar, just wait for the next behavior:



Source: https://www.newsbtc.com/2020/01/20/bitcoin-halving-isnt-priced-in-based-on-this-indicator-which-means-price-will-react/

[JayJuanGee]

Let's say you come up with $1million as nice round number. Again, this could as low as $500K in some countries and just for a very modest lifestyle up to $5 million for US, with many years to live, and with a nice lifestyle.

Daym you need $5m to live in the US?

Even becoming a hnwi is not enough? Fuuck.

Should have gone all in   (aimed for the head)

I am not exactly saying you need $5 Million to live in the US.

$5Million is my *UP TO* / most conservative reasonable figure for living with a NICE lifestyle in the US. It includes the following factors:

- Around 50 years remaining life expectancy.

- Absolutely no other income, retirement pension, or additional net worth.

- No additional net worth also mean you would need to buy or rent a home.

- In the USA housing can be incredible expensive depending on where you plan to live. Maybe you want live in the middle of Manhattan or in... San Francisco? Donno.

- Also health expenses can be EXTREMELY costly there.

- You might get involved in some legal issue, lawyers/trials are INCREDIBLY costly there.

- TAXES... You will have to pay taxes, at least capital gains.

- I considered a "NICE" lifestyle... nowhere near a really a rich (Gatsby style) lifestyle, but still nice.

- Maybe you want to have childrens, pay them a good education... and or have a wife, maybe even divorce her... All that shit is *EXPENSIVE* yo!

- I didn't consider any potential/additional ROI on your capital and/or future investments. That's completely outside of my calculation, otherwise I would have to also take into account the possibility of negative returns or you just losing it all on a lousy investment because of you thinking you are the fucking Warren Buffet. No, I am just considering the principal as if it were a pot from which you would be spending until it gets depleted.

- I allowed for a safe margin (25-40%) of remaining wealth upon your death, be it liquid or your bought home, etc... just in case.


And, taking all the above into consideration (plus many more factors!)... I just took that *MAXIMUM* figure right out of my ass. Because I can.  

If $5million is your goal, then you need

BTC price                                           BTC quantity

$5k - (anticipated lowest, currently) = 1,000 BTC

$8,600 - (today's price, while typing) =  581.4 BTC

$10k - (reasonable extreme bottom price in 2 years) = 500 BTC

$25k - (reasonable extreme bottom price in 5 years) =200 BTC

$100k - (reasonable extreme top price within 2 years) = 50 BTC

$250k - (reasonable extreme top price in 5 years) = 20 BTC

I personally believe that $2million is decently enough because that gives you $6,666 / mo of passive income.  We should be considering average USA locations rather than the extremes of NYC or SF... .. of course, the higher the cost of living of your preferred location, the more that you need.

By the way, we should also know that BTC does not need to be your exclusive source of income or assets in order to still serve as "fuck you" money and also to be calculated while considering the balancing of other assets and possible income that you might have from other sources that would not necessarily interfere with your ability to claim to have reached a kind of "fuck you" status

[bkbirge]

This would be hilarious if it weren't so sad.

https://cointelegraph.com/news/binance-ceo-suggests-crypto-exchanges-are-safer-than-keeping-ones-keys

“Many hardcore crypto [organizations] advocate storing your own keys. But the truth is, today most people are not able to secure a key even from themselves (losing it). A trusted centralized exchange is #SAFUer for most people. The numbers speak for themselves. Need to work on wallets.”

[bkbirge]

If $5million is your goal, then you need
BTC price                                           BTC quantity

$5k - (anticipated lowest, currently) = 1,000 BTC
$8,600 - (today's price, while typing) =  581.4 BTC
$10k - (reasonable extreme bottom price in 2 years) = 500 BTC
$25k - (reasonable extreme bottom price in 5 years) =200 BTC
$100k - (reasonable extreme top price within 2 years) = 50 BTC
$250k - (reasonable extreme top price in 5 years) = 20 BTC

I personally believe that $2million is decently enough because that gives you $6,666 / mo of passive income.

Always good to see numbers like this. $5 mil is a good goal to have, and the passive income from that would put you in the wealthy status in the USA.

But of course as people age these goals need to be updated, I know a lot of folks here are younger but if you hit a medical emergency or some other such family emergency that requires you to dip into your capital you can be wiped out.

So personally I think JJG's $2 mil figure is good but I'd want a lot of padding to cover those possible (inevitable) times, therefore I'd also peg $5 mil as a decent benchmark for this. Though everyone would be different here I guess.

[VB1001]

I'm glad bitserve, although you were already Legendary without the change of rank.

[JimboToronto]

What kind of game are you guys playing with my nick? 

Cong Rats Bi-tserve

[LFC_Bitcoin]

Week commencing Monday 20th January 2020 - WO BTC millionaire tracker.

115.741 BTC to have $1,000,000 USD right now.

[efialtis]

Week commencing Monday 20th January 2020 - WO BTC millionaire tracker.

115.741 BTC to have $1,000,000 USD right now.

Dont remind me man - I didnt listen to the guys running sportsbet/bitcasino when they wanted to pay me for freelance stuff in BTC back in 2013/2014 and insisted on getting paid in €€€ 

[Paashaas]

Breaking News:U.S. Congress proposes that Crypto transactions below $200 shall be free from taxes!.

139 G.Gain from disposition of virtual currency

(a)In general
Gross income of an individual shall not include gain, by reason of changes in exchange rates, from the disposition of virtual currency in a personal transaction (as such term is defined in section 988(e)). The preceding sentence shall not apply if the gain which would otherwise be recognized on the transaction exceeds $200.

(b)Virtual currency
For purposes of this section, the term virtual currency means a digital representation of value that is used as a medium of exchange and is not otherwise currency under section 988.

pdf

[xhomerx10]

Wall observer thread...
Where many merits are sprayed,
And legends be made.

Grats bitserve.

  Nice one

 Just yesterday, my daughter asked me what happened to Haiku Sundays.  She has yet to reach her teens and already she's accusing us WO members of having a short attention spans.  I told her were just extremely focused on Bitcoin; she rolled her eyes.

[P_Shep]

What kind of game are you guys playing with my nick? 

We ll don e, bits erve!

[xhomerx10]

DA FUCK! 

 Congratulations Bitserve!

 By the way, if you think Spain is cold, you should avoid Canada at all costs.
 https://www.youtube.com/watch?v=K1N5JRcSXOM

[JimboToronto]

Just yesterday, my daughter asked me what happened to Haiku Sundays.  She has yet to reach her teens and already she's accusing us WO members of having a short attention spans.  I told her were just extremely focused on Bitcoin; she rolled her eyes.

I still usually post haikus on Sundays.

I've just missed the last few Sundays due to travel or spotty internet in the jungle.

A Monday haiku
Will have to suffice this week.
It's just a day late.

Nice to see your daughter reading WO. Does she have a BTC stash?

[VB1001]

Bitcoin Price Matches Stock-to-Flow Forecast as $100K Halving Nears

Bitcoin (BTC) now almost perfectly aligns with the historically accurate price chart, which has charted its growth from pennies to digital gold.

According to data from Digitalik, a resource that monitors Bitcoin's position relative to the Stock-to-Flow model, as of Jan. 20, BTC/USD is exactly where it should be.

$8.6K Bitcoin sticks rigidly to forecasts

https://cointelegraph.com/news/bitcoin-price-matches-stock-to-flow-forecast-as-100k-halving-nears

[P_Shep]

Bitcoin Price Matches Stock-to-Flow Forecast as $100K Halving Nears

Bitcoin (BTC) now almost perfectly aligns with the historically accurate price chart, which has charted its growth from pennies to digital gold.

According to data from Digitalik, a resource that monitors Bitcoin's position relative to the Stock-to-Flow model, as of Jan. 20, BTC/USD is exactly where it should be.

$8.6K Bitcoin sticks rigidly to forecasts

https://cointelegraph.com/news/bitcoin-price-matches-stock-to-flow-forecast-as-100k-halving-nears

I wonder what would happen if, instead of halving every 4 years, the reward incrementally dropped every block so you didn't get these abrupt changes.

[VB1001]

The asics would burn.
Perhaps there would be less volatility and the price increase would have been progressive from the beginning.

[VB1001]

Meanwhile, in Sudan:



https://twitter.com/AleZ2016/status/1218869472464965633

Someday nature will charge us the bill.

[xhomerx10]

Just yesterday, my daughter asked me what happened to Haiku Sundays.  She has yet to reach her teens and already she's accusing us WO members of having a short attention spans.  I told her were just extremely focused on Bitcoin; she rolled her eyes.

~snip

Nice to see your daughter reading WO. Does she have a BTC stash?

 After seeing the amount of time I spend on Bitcoin-related matters, she's developed an bit of an aversion to it.  She'll come around

[LFC_Bitcoin]

@APompilano
The stock market is closed today.

The banks are closed today.

But Bitcoin never takes days off.

https://twitter.com/apompliano/status/1219267772670267396?s=21