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

[jbreher]

You can use your BTC stash as collateral for a 5% interest rate personal loan - borrow $10,000 with $40,000 of BTC
Celsius.network

I've earned interest with them for a year now, a good business.

I suppose. Unless the entire scheme goes pear-shaped. Used to be that wirecard was viewed as a safe thing. Even last week. Then they came up as 'missing' $2B USD.

[jbreher]

@jbreher and @JJG were discussion spending $92K from a $2.3mil account as an exercise, 4% yearly and all...
That's all peachy, unless either $ value significantly declines or, alternatively, market would not appreciate for, say, 20-30 years.
Then, all money is gone in 25 years, someone is a 90 year old man (if you start at 65) in relative poverty (if social programs collapse or become highly insufficient).
I tend to believe that 4% is hogwash and recent events show that we don't know what to expect down the pike.
It is probably wise to have some residence paid out by 65; at least take this part of the equation out.

Regarding yearly withdraws: 3% sounds much more realistic, at least I use this number for calculations.

I'm certainly not is disagreement with you here. I just parroted 4%, as this has been a rule of thumb (at least from my understanding) employed by CFPs, based upon decades of data. Of course, with the recent orgy of money printer go brr, with all that purchasing power getting locked up in zero-velocity asset purchases (for how long?), I think we may soon be entering a new monetary era where all bets are off.

[jbreher]

a $92K annual drawdown on $2.3M. Not shabby, but neither is it anywhere near what I was making when I was a wage slave. And I ain't typical retirement age yet, so allowances need be made to extend the principal that many more years.

[edited out]

Spot on!

Steve Jobs once said: "For the past 33 years, I have looked in the mirror every morning and asked myself: 'If today were the last day of my life, would I want to do what I am about to do today?' And whenever the answer has been 'No' for too many days in a row, I know I need to change something."

Calling yourself a wage slave for too long means you really need to change something in your life. Not all people can achieve getting enjoyment from work.

There should be some choice in the kinds of work that we do,

Probably fuck you status continues to be somewhat about having the option to do stuff that others may or may not agree with because it is your choice to engage in such activity(ies), and not strictly something(s) that you are doing because you have to in order to feel monetarily comfortable.

Well, yah. My last job, most of my time was spent in various industry consortia and standards bodies, developing the specifications and standards to which the entire industry adheres to. I really did enjoy the work. But my wages being paid by one of the corporations developing products that adhere to those standards and specifications, my daily priorities were set by that employing corporation.

So once my future economic condition seemed certain, I tendered my resignation. And continued participating -- on a personal basis -- in the various consortia and standards bodies. Did that for another year on my own dime. Just buttoning up the architectures of the standards in which I had a vested interest.

Now I'm done with that too. I follow the developments from afar, but no longer drive them. And spend significant time upon avocation and hobbies.

[jbreher]

I'm totally fine with sitting at this range until bcash or BSv go bankrupt.

You're making no sense. Blockchains don't go bankrupt.

[vapourminer]

..... i live within my means and plan accordingly.

I absolutely live within my means also and will never go in cc debt again. It's just that it's not always convenient to pay with cash.
I just swipe and pay off every month. The only time I have a wad of cash in my pocket is when I sell my annual crop of....  (ehem) ....tomatoes!   

idea being i would either draw on cash reserves and/or sell whatever needed to make up the difference. so "cash" is just the easiest way to describe it.. NO loan and debt would be taken, or i simply dont buy it.

so, really a check (perhaps a bank check), once i knew the account could cover it, was used. cash can be.. awkward. which speaks volumes as to where this society is going.

[JayJuanGee]

a $92K annual drawdown on $2.3M. Not shabby, but neither is it anywhere near what I was making when I was a wage slave. And I ain't typical retirement age yet, so allowances need be made to extend the principal that many more years.

[edited out]

Spot on!

Steve Jobs once said: "For the past 33 years, I have looked in the mirror every morning and asked myself: 'If today were the last day of my life, would I want to do what I am about to do today?' And whenever the answer has been 'No' for too many days in a row, I know I need to change something."

Calling yourself a wage slave for too long means you really need to change something in your life. Not all people can achieve getting enjoyment from work.

There should be some choice in the kinds of work that we do,

Probably fuck you status continues to be somewhat about having the option to do stuff that others may or may not agree with because it is your choice to engage in such activity(ies), and not strictly something(s) that you are doing because you have to in order to feel monetarily comfortable.

Well, yah. My last job, most of my time was spent in various industry consortia and standards bodies, developing the specifications and standards to which the entire industry adheres to. I really did enjoy the work. But my wages being paid by one of the corporations developing products that adhere to those standards and specifications, my daily priorities were set by that employing corporation.

So once my future economic condition seemed certain, I tendered my resignation. And continued participating -- on a personal basis -- in the various consortia and standards bodies. Did that for another year on my own dime. Just buttoning up the architectures of the standards in which I had a vested interest.

Now I'm done with that too. I follow the developments from afar, but no longer drive them. And spend significant time upon avocation and hobbies.

Sometimes new chapters open, but never really stops some of the reminiscing.  Surely, I am glad to move on from some of my earlier positions, but there can still be some good memories about the good ole days, whether those memories relate to some of the duties, or the relationships with workers or just the fact that we were younger back then... hahahaha

And, sometimes any of us might not be able to tell certain stories, such as "I remember when... blah, blah, blah" if we might be outside of an audience who might be able to relate to such a story.... Some stories just don't work well or even at all with certain audiences.

Some other factors could be speculating about:

1) "if I knew then what I know now........"

or

2) "if I had accumulated the same amount of wealth then as I have now......."

or sadder

3) "I wished that now I had the energy that I had back then...... "

You might have some other examples of what ifs... or just ways to attempt to learn how to go forward now based on what you may have learned and/or experienced in the past... and some of the details of those memories might fade a bit, too... or even considering which parts are important... and might keep coming back into memory.

[OutOfMemory]

Calling yourself a wage slave for too long means you really need to change something in your life. Not all people can achieve getting enjoyment from work. Some are incapable, others lazy, others just unlucky, although I don't really believe luck can fully define someone. One can make his/her own luck in life, or he/she falls into the "incapable" category. But at least you've got to try. If you fail, try again, and if you fail again, maybe you're not able to do it, or you need to re-evaluate your goals, and Bitcoin can help in such cases, but not everyone is in this situation. Not everyone is a wage slave.

True. But the actual work of one's career can also change drastically over time, to become much less meaningful.

For example, when I first got into IT programming in the mid 90's, the work was actually very meaningful and fun. We were building business software applications from complete scratch, and there was a sense of passion, creativity and analysis in what I was doing day to day. Programmers could use their brains to bang out code to build custom use cases and custom UIs, were respected and revered, and got paid accordingly for their creative analysis and technical knowledge.

By the time I got out of that career in the 2010's, IT programmers were reduced to simply integrating off-the-shelf, expensive closed-source software into existing business environments. They essentially became glorified software "babysitters", having to spend their days trying to integrate and debug software that was poorly-written by someone else, often with poor performance, poor configuration, archaic APIs, missing or incomplete documentation, lack of expertise, etc. And these software integrations were often initiated under ridiculous time schedules and low/inadequate budgets, with use-case and performance expectations that could not be met in the time allotted. Or ever. It became soul-crushing work, and I started having bouts of anxiety and depression that I never had in the beginning of my IT career.

What the IT career became in the end, was not something I had signed up for in the beginning. So I got out.

No wonder you tend to be so jaded...

 

Yeah I'll admit I'm pretty jaded against the IT profession.

In addition to the work quality going into the toilet, you know what else has sucked? Here's a hint:

Average salary for IT Senior Architect (10 yrs+ experience) in the U.S. in 2007: ~$120K/year.

Average salary for IT Senior Architect (10 yrs+ experience) in the U.S. in 2020: ~$110K/year.

Yep you read that right. The average salary not only hasn't increased in 13 years to keep up with inflation, it has actually gone backwards, while asset price inflation has skyrocketed in the same amount of time.

People are getting absolutely screwed by the existing financial system, and they don't even realize it.

Reads like my past career a bit.
Sometimes i ask myself if my memory problems are some kind of protection from my inner "me" to not be able to work in the IT business again.
Hypnosis recently turned out to help of some sort, though.

good night WO  

[aesma]

I'm also in IT but a mere technician. Pretty boring. I could get a better degree through night classes, or continue to hone my skills and certifications (started the Cisco routing & switching course) but I'm not sure I really want to do either.

[OutOfMemory]

I'm also in IT but a mere technician. Pretty boring. I could get a better degree through night classes, or continue to hone my skills and certifications (started the Cisco routing & switching course) but I'm not sure I really want to do either.

Network administration is just a lot less creative kind of IT work.
I liked it until i mastered it, as long it was interesting food for my hungry mind...

[Toxic2040]

the evening wall report

A good day for hodlers as bitcoin closes at $$9,355.46 with decent volatility but low volume. 

accumulate, buy the dips and hodl...its all I got today but after 7+ years still seems to be working      #dyor
1h


0.236 resistance at $9.43k and then top of cloud at $9.46k to find sunlight
4h


saved from a twist mid-July as a spigot starts to form     
D

#stronghands

[sirazimuth]

I'm also in IT but a mere technician. Pretty boring. I could get a better degree through night classes, or continue to hone my skills and certifications (started the Cisco routing & switching course) but I'm not sure I really want to do either.

Network administration is just a lot less creative kind of IT work.
I liked it until i mastered it, as long it was interesting food for my hungry mind...

Our network administrator IT dude (or wtf his title is ) is pretty talented actually.
He knows how to turn it off and turn it on again....

[smartcomet]

https://twitter.com/archillect/status/1274408206920531968/photo/1

[sirazimuth]

John Oliver nails it again.
I'd be curious to know how many folks around here have actually been tested.
I haven't but I plan to. I'm actually wondering if I had or actually even have this thing. Asymptomatic, etc.
Stay safe everyone and get tested....And yeah, I know for us yanks, easier said than done..... but it phukking shouldn't be.

Well I finally got tested. The irony being when I tried to get tested by signing up online, I was disqualified
because I was not a public health worker, firefighter, police officer and I did not show symptoms.
Wtf? I would have thought being asymptomatic is reason to get tested to make sure you are not unknowingly spreading it.
If I had symptoms I wouldn't bother getting tested as I'd just assume I had it and take appropriate measures.
Anyway I did a routine doctor visit for something unrelated. and guess what ? I got tested..... Negative. 

[LUCKMCFLY]

It is a good time to continue in Hodl mode!

Daily profit for HODLING BTC since 2013 Data taken since 29/10/2018 @ 10:45am (UTC) Updated every hour #bitcoin #btc #cryptocurrency #blockchain #cryptotrade #profit #digitalmine

Source: https://twitter.com/digital_mine_/status/1274487210646044672

[CryptoYar]

Only 3.5 million or 19% of the circulating supply is traded in the crypto market, and the rest of the circulating supply of bitcoins is strongly held by the people.

And another 20% ​​bitcoin circulating supply is probably lost, it is because of the death of investors or missing private keys.

Source: News.bitcoin.com

[lightfoot]

Yeah I'd have to agree with Torque: IT is really starting to suck. Cloud makes it worse, now you have no control, no real input, and all the responsibility when your vendor fucks up. Which they do and their answer is "so? who gives a fuck, send us that money".

Coupling that with the bullshit of making cloud "op/ex" which means it competes with staff for money. And when that "op/ex" is really a 3 year commitment with minimums that can't be lowered without massive penalties, the only choice is to fuck the workers. Sounds like cap/ex to me, but that's yet another way they fuck you.

Go back to the past, the future is not what it used to be....

[Tash]

So there have been some coin shortages in recent times, in a drama theater just around the corner

[Arriemoller]

Hi guys

long time no see. Hope everybody is well, I will not try and catch up, have read the last couple of pages tho.
I have been down the rabbit hole of power tools, I decided to give the battery powered ones a try now that batteries have improved, I hated the older type batteries that would die on you in like a year.
I ended up buying some Makita copies from China and some third party high capacity batteries and a knock of double charger. All for a third or less of the price of the original.
I also bought some rather unexpensive stuff named Meec, from a local chain that's supposed to be good. And now I'm working on building a converter so I can use the Makita batteries in those (Meec) tools.
A mans got to have a hobby.

[Arriemoller]

Remember when I told you about the real reason why Sweden didn't lock down?
Well, now a newspaper finally wrote about it.

https://www.spectator.com.au/2020/06/is-this-the-real-reason-sweden-didnt-lockdown/?utm_medium=email&utm_campaign=WORL%20%2020200619%20%20AL&utm_content=WORL%20%2020200619%20%20AL+CID_121f0a0a7c8ae823fa38dfd0950a443b&utm_source=CampaignMonitor_Australia&utm_term=Is%20this%20the%20real%20reason%20Sweden%20didnt%20lockdown

[VB1001]

3 Ways Bitcoin Traders Can Spot and Avoid Crypto Market Manipulation

https://cointelegraph.com/news/3-ways-bitcoin-traders-can-spot-and-avoid-crypto-market-manipulation