Bitcoin Forum
March 29, 2020, 03:46:59 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What causes you more fear? (credit:Micg)
Coronavirus - 92 (55.1%)
Bitcoin - 75 (44.9%)
Total Voters: 167

Pages: « 1 ... 25813 25814 25815 25816 25817 25818 25819 25820 25821 25822 25823 25824 25825 25826 25827 25828 25829 25830 25831 25832 25833 25834 25835 25836 25837 25838 25839 25840 25841 25842 25843 25844 25845 25846 25847 25848 25849 25850 25851 25852 25853 25854 25855 25856 25857 25858 25859 25860 25861 25862 [25863] 25864 25865 25866 25867 25868 25869 25870 25871 25872 25873 25874 25875 25876 25877 25878 25879 25880 25881 25882 25883 25884 25885 25886 25887 25888 25889 25890 25891 25892 25893 25894 25895 25896 25897 25898 25899 25900 25901 25902 25903 25904 25905 25906 25907 25908 25909 25910 25911 25912 25913 ... 26472 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21577702 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. (143 posts by 33 users deleted.)
xhomerx10
Legendary
*
Offline Offline

Activity: 2338
Merit: 2867


Aceeasi Marie cu alta palarie


View Profile
January 20, 2020, 04:33:46 PM

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 Smiley



1585496819
Hero Member
*
Offline Offline

Posts: 1585496819

View Profile Personal Message (Offline)

Ignore
1585496819
Reply with quote  #2

1585496819
Report to moderator
1585496819
Hero Member
*
Offline Offline

Posts: 1585496819

View Profile Personal Message (Offline)

Ignore
1585496819
Reply with quote  #2

1585496819
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
LFC_Bitcoin
Legendary
*
Online Online

Activity: 2030
Merit: 2939


One of the world's leading Bitcoin-powered casinos


View Profile
January 20, 2020, 04:43:55 PM

@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
fillippone
Hero Member
*****
Offline Offline

Activity: 658
Merit: 2786


I drink wine in glass bottles.


View Profile
January 20, 2020, 04:48:43 PM



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

Quote
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

This is pure coincidence.
Stock to flow model has never been meant to be used like this.

So, good to write a nice 200 word article, but not for trading.
VB1001
Hero Member
*****
Online Online

Activity: 546
Merit: 1763


<<CypherPunkCat>>


View Profile
January 20, 2020, 05:08:25 PM
Merited by fillippone (1)

Yes, the price could be located 1000 above or 1000 below, but the trend follows the graph and at this moment it coincides.
JayJuanGee
Legendary
*
Online Online

Activity: 2212
Merit: 2504


How much alt coin diversification is needed? 0%?


View Profile
January 20, 2020, 05:09:13 PM

@mindrust @bitserve

Its always very difficult how much a person should net worth need to be living whit out worries....  Like parts of the world, metropolitan cities, cheap countries or what ever

Here on how would it be for a poker player, interesting discussion on how much would a poker player need for net income a year to be living and playing the game as a profession....

https://www.youtube.com/watch?v=EO4ZNsTOpRE&t=1765s

On who's side would you chose?? Staples or Polk?

They also talk many points you both have said ....  

The whole video is about 1 hour 20 minutes, and a bit more than the first half seems to be batting around ideas regarding how much you need to make in order to be sustainable in a poker profession, and also to be considered a poker professional.

I agree that some of the discussion points are similar, but I think that generally, you do not need as much money to retire (or to say "fuck you") in the event that you are also NOT involved in having an activity (such as poker playing).  So if your income requires you to continue to engage in some kind of activity, you are going to have additional considerations regarding sustaining that activity and your overhead costs in respects to both money and/or time necessary to spend on that activity.

With an income that comes from building up to a certain level of assets (in this case referring to the number of bitcoins accumulated to be sustainable), the ONLY real activity that should be required is figuring out how to manage your asset in terms of storing, transporting, converting and accounting... which might also involve some decision-making regarding timing of cashing out, in the event that you do not figure out some kind of blind reverse dollar cost averaging approach - which could also work in some circumstances - presuming that you are using the money/bitcoins on a periodic basis to pay for some expenses and/or to convert into dollars in order to pay for various expenses that cannot be easily paid through bitcoin.

I think that each of them make very good points in terms of attempting to account for expenses in which might come about, even though  some of their back and forth might have devolved into a kind of a definitional concern about what constitutes a professional poker player, which I tended towards agreeing more with Polk regarding that in order to call yourself a "professional" anything, you should be attempting to sustain yourself through the income of that thing that you are proclaiming "professional" status.
Biodom
Legendary
*
Offline Offline

Activity: 2268
Merit: 1457



View Profile
January 20, 2020, 05:20:08 PM

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

I do also have a GREAT and almost FREE health care here. In Spain $1-$2 million would probably be the equivalent of that $5million for US. Again, depends on many factors.

And yes, one could go with a lower figure if he already has a home, retirement pension, additional income, less years to live, very frugal lifestyle, etc etc...

But the geographical factor is *EXTREMELY* important.

Fortunately I plan to always live here. Not just because of "cost of living" but QUALITY of living... and WEATHER! *Most* of the world (including many parts of my damn country!) is too fucking cold for my taste.

Now you mentioned Spain, I was actually considering of buying 2 x 500k€ flats in Barcelona and AirBnb the fuck out of them.  Grin

Work while having a vacation. Sound like a brilliant idea.

Not the best of the ideas. Touristic apartments are having a regulation tightening specially in Barcelona. Risky business I would say. You might be earning like a boss this year and the next one be out of the market because of some regulation that forbids you to rent it. In fact that is ALREADY happening.

Also Barcelona (and Madrid) and among the most expensive cities to live in Spain. Higher salaries yeah, but if you are not gonna work there you will just "enjoy" the higher cost of living. Still, WAY lower than US, of course.

About renting... currently the best investment are more "modest" 2-3 room apartments valued from 50 (reform usually needed) to 250K (more premium zones) € that you can rent for 5-10% that. Long term, so hassle free.
Or lousy apartments with many rooms near universities that you can rent to students.

It's a job in itself to take care of your "business" and properties but it's a reasonably safe investment with a good return if you know what you are doing.

Congrats for ranking up, @bitserve!
Can someone living in Barcelona or Madrid afford the season tickets?
That's the question, Wink
VB1001
Hero Member
*****
Online Online

Activity: 546
Merit: 1763


<<CypherPunkCat>>


View Profile
January 20, 2020, 05:24:16 PM
Merited by JayJuanGee (1)

Adam Back on Satoshi Emails, Privacy Concerns and Bitcoin's Early Days

Quote
Bitcoin software

“I didn't help to create Bitcoin, I didn't program anything nor participate in any programming task. Around the time the software came out, Satoshi sent it to me, but I didn't help him with that.

“Hal Finney could have reviewed the early Bitcoin code. I have never met Hal in person, but I really liked his inventiveness and enjoyed discussing topics on the cypherpunks list or in email with him. If ‘cypherpunks write code,’ Hal was a code writer, for sure.

“There has been some speculation about who may have helped Satoshi review the Bitcoin code prior to release because of the email that he sent to the list in November 2018. But it seems that Satoshi programmed Bitcoin first before writing the paper and probably he, himself, made several revisions to the code, and later others — like Hal, for example — may have helped review comments or bug reports or doing small bug fixes, just as when you write text and ask someone to review the grammar.”

https://cointelegraph.com/news/adam-back-on-satoshi-emails-privacy-concerns-and-bitcoins-early-days
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 1442
Merit: 1542


Project: BitcoinGirl.club


View Profile WWW
January 20, 2020, 05:26:14 PM

Good afternoon WO!
Observing @ $8,652
Biodom
Legendary
*
Offline Offline

Activity: 2268
Merit: 1457



View Profile
January 20, 2020, 05:28:33 PM
Last edit: January 20, 2020, 05:47:14 PM by Biodom
Merited by JayJuanGee (1)


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:


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

I agree with a notion that 2mil is still probably OK in most of US (not in NY, SF, San Diego, San Jose and several more), but $5 mil is solid as a "FU money" (updated to $5mil from $2.5 mil) described here:
https://www.youtube.com/watch?v=qGC9FY65HBo

haiku motif that I stole from you know who:

Yesterday, corn was
such an easy game to play..
oh oh...yesterday
gentlemand
Legendary
*
Online Online

Activity: 2324
Merit: 2406


Welt Am Draht


View Profile
January 20, 2020, 05:32:19 PM
Merited by infofront (1)

I agree with a notion that 2mil is still probably OK in most of US (not in NY, SF, San Diego, San Jose and several more), but $5 mil is solid as a "FU money" (updated to $5mil from $2.5 mil) described here:
https://www.youtube.com/watch?v=qGC9FY65HBo

50 is fuck you money. If you have 3-4-5 decades left then 5 million will provide a reasonable amount above the average income plus a few toys and a decent house if you want it to last the rest of your days. No way could you be having sex with Lambos every night unless you want the classic lottery win outcome of winding up penniless less than 5 years down the line.

And if you do nothing about inflation you'll starve to death on 5 million too. What buys a holiday now might not buy lunch by the time you're ready to croak. Luckily there's this Bitcoin thing that might do OK as long you hang on to some.
JayJuanGee
Legendary
*
Online Online

Activity: 2212
Merit: 2504


How much alt coin diversification is needed? 0%?


View Profile
January 20, 2020, 05:33:05 PM

Yeah, that's exactly the problem. The grace period makes it difficult to really know if I a post has been edited right after being posted.

It seems no one really knows how to detect it.

as soon as the person posts here have archive.org capture it? and use the archive shot as proof of unaltered
post?

EDIT: meh could just send several i guess, and link the one they want.

Require the stamping on a blockchain...

BSV anyone?  hahahahaha along with the weather and earthquake data


P.s... never mind me, I don't even know what is a blockchain... I just heard of it happening, out there.
LUCKMCFLY
Hero Member
*****
Offline Offline

Activity: 910
Merit: 852



View Profile
January 20, 2020, 05:41:25 PM

Nice..

Quote
Bitcoin Energy value just hit an all time high.

The network is stronger, and more valuable, than ever before.


Source: https://twitter.com/caprioleio/status/1219196321892052992
Biodom
Legendary
*
Offline Offline

Activity: 2268
Merit: 1457



View Profile
January 20, 2020, 05:53:39 PM
Last edit: January 20, 2020, 06:44:32 PM by Biodom

Nice..

Quote
Bitcoin Energy value just hit an all time high.

The network is stronger, and more valuable, than ever before.


Source: https://twitter.com/caprioleio/status/1219196321892052992

Network is stronger because of peeps like vapourminer, Searing, etc perhaps still buying and running those incredibly loud machines.
Personally, I feel that people might think of contributing by running a regular node, mining and/or running a LN node.
I love speculation, don't take me wrong, but we need to fight (still) for decentralization.
rdbase
Hero Member
*****
Offline Offline

Activity: 1372
Merit: 504


bustadice.com


View Profile
January 20, 2020, 05:55:49 PM
Merited by El duderino_ (2)

@servebit, so you are a Leo fan.... that’s makes two of us ....  Cool

Not so much... to be brutally honest. I have always thought he was a bit too much baby-faced (specially in the past, ie Titanic) and skinny to be a man, as if he had been an ill born child or something.

But I had to chose between that... or this:





... and I think I choose wisely.
Better to be a pissed off crazy cowboy than a somali pirate. Grin

Congrats to your next step into the WO legendary sphere!
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1424


lose: unfind ... loose: untight


View Profile
January 20, 2020, 06:05:22 PM

the new BSv directive is to pivot and try to separate BSv from CSW, shills are out in force trying to push this.

Where do you get this tripe?
JayJuanGee
Legendary
*
Online Online

Activity: 2212
Merit: 2504


How much alt coin diversification is needed? 0%?


View Profile
January 20, 2020, 06:16:03 PM
Merited by bkbirge (1)

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.

Personally, I think that there tends to be a lot of posting of high and falutin numbers that just seem way too pie in the sky that might cause failure and refusal to pull the trigger by letting the perfect be the enemy of the good.

Of course we have to adequately account for changes in cost of living and things like that, but really by the time someone actually pulls the fuck you trigger, s/he should already have a decent idea regarding his/her previous lifestyle and to be able to continue to live within that lifestyle. 

There can be several factors that cause someone to require less in retirement/"fuck you" status than while being in some kind of "job."  1) Some of the expenses of the "job" as mentioned in my above post, but also, 2) just the fact that you might not necessarily feel that you need to continue to stack value and put that value into your retirement/"fuck you" fund because you have already reached the aspired passive income level towards which you had been aiming.

Regarding the second point.  I recall so many years of taking at least 10% or more of my income and putting it towards various investments, and after a while that fund starts to be able to sustain itself in some kinds of ways.  By the time, you get to retirement/"fuck you" status, you should have already been weaning yourself from having to input additional value into that fund.  Of course, you could have a passive income that is 10% or higher than the amount that you need in order that you would just continue to be putting value into the fund at about a rate of 10% which would hypothetically be consistent with your past investments habits/practices.

Of course, in the end, the factors will need to be weighed including known expenses and a bit of the known unknowns and the unknown unknowns, and sure there are going to be unknown unknowns that go way the fuck beyond your preparations, but if you have seriously put thought into the matter and adequately prepared, the outrageous unknown unknowns would have been such unlikely events anyhow, and we should not be planning our lives around events that are so damned unlikely.. like Armageddon or whatever.. yeah, Armageddon has about a 1% chance of happening, so don't fuck up your whole life and your ability to retire because you put way the fuck disproportionate preparation into that... like 20% or even 50% like some people seem to be inclined in those kinds of ways to prepare for holy shit not going to happen events - and I am NOT sure if that is just a means to talk themselves out of actually pulling the fuck you lever when they really should (but yeah, ultimately their discretion, and the above remain just factors to consider rather than trying to tell anyone what to do with their ultimate conclusions regarding what is important to them).
jbreher
Legendary
*
Offline Offline

Activity: 2702
Merit: 1424


lose: unfind ... loose: untight


View Profile
January 20, 2020, 06:21:47 PM

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
Quote
“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.”

Hmm. CZ sez put your money in his trust. Cui Bono?
bkbirge
Sr. Member
****
Offline Offline

Activity: 742
Merit: 307



View Profile
January 20, 2020, 06:41:41 PM
Merited by JayJuanGee (1)

yeah, Armageddon has about a 1% chance of happening, so don't fuck up your whole life and your ability to retire because you put way the fuck disproportionate preparation into that... like 20% or even 50% like some people seem to be inclined in those kinds of ways to prepare for holy shit not going to happen events - and I am NOT sure if that is just a means to talk themselves out of actually pulling the fuck you lever when they really should (but yeah, ultimately their discretion, and the above remain just factors to consider rather than trying to tell anyone what to do with their ultimate conclusions regarding what is important to them).

I don't really disagree with any of what you said, including the unquoted parts. But having seen the medical issues destroy people's finances more than once, in my personal list of things it's on my list of "it's comin' down the pike" rather than "small chance Armageddon scenario", so as you point out each person has that different list of factors they consider at various priorities.

I totally get that some might see the large numbers and say "fuck it" instead of saving now, hopefully few to none on here, but I just consider it a journey. If I end up there great, if not, well I tried and will continually evaluate my options with regard to whatever curve balls life is throwing at me or likely to throw at me at the time.
bkbirge
Sr. Member
****
Offline Offline

Activity: 742
Merit: 307



View Profile
January 20, 2020, 06:45:07 PM

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
Quote
“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.”

Hmm. CZ sez put your money in his trust. Cui Bono?

Yep, sure reads sort of self serving on his part.
efialtis
Sr. Member
****
Offline Offline

Activity: 336
Merit: 658


MONO AEK


View Profile WWW
January 20, 2020, 06:45:14 PM

Good evening guys,

enjoying some greek wine and observing $8660... You guys with me?!
Pages: « 1 ... 25813 25814 25815 25816 25817 25818 25819 25820 25821 25822 25823 25824 25825 25826 25827 25828 25829 25830 25831 25832 25833 25834 25835 25836 25837 25838 25839 25840 25841 25842 25843 25844 25845 25846 25847 25848 25849 25850 25851 25852 25853 25854 25855 25856 25857 25858 25859 25860 25861 25862 [25863] 25864 25865 25866 25867 25868 25869 25870 25871 25872 25873 25874 25875 25876 25877 25878 25879 25880 25881 25882 25883 25884 25885 25886 25887 25888 25889 25890 25891 25892 25893 25894 25895 25896 25897 25898 25899 25900 25901 25902 25903 25904 25905 25906 25907 25908 25909 25910 25911 25912 25913 ... 26472 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!