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

[Biodom]

Life was giving me a hint at the grocery store



went over my head..oh well
as the proverbial saying (from a hairdresser) goes "you can't do them all".

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[xhomerx10]

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.

Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most...

What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

 Wait a second, I can't trust my brother, mother, children or spouse but I can trust a lawyer to give them (my family) the letter detailing how to obtain my Bitcoin after I die?  Not happening.  I'd rather die with my coin and enrich all my WO hodlers than trust a lawyer over my loving family.

edit: added some brackets for clarity.

[xhomerx10]

Life was giving me a hint at the grocery store



went over my head..oh well
as the proverbial saying (from a hairdresser) goes "you can't do them all".

 Is that the WO thread when BTC hits 200k?

[AlcoHoDL]

[...]

In other meaningful news.

https://twitter.com/barrysilbert/status/1293882537492840449
Pump it up Novo!

Fixing the FT ad title:

"Now is always the time to invest in bitcoin."

I hate to be quibbling.. but seems that my systems have been rebooted... and I cannot help my lil selfie.

In substance, I'm not disagreeing with you AlcoHoDL, but I thought that "we" have kind of modified our thinkenings on such BTC accumulation topic based on some degree of recognition that we cannot travel back in time (at least not in practice, so far).  

Accordingly, our overall statement would go something like this:

The best time to buy BTC would have been several years ago;

The second best time would have been a shorter time horizon into the history, such as yesterday, last week or last month;

The third best time to buy BTC is that you better fucking get your shit in order and start making your BTC buying preparations immediately.. and without delay...  and get your ass buying lil fiends, now... and keep buy often until reaching your BTC accumulation goal.. which hopefully is a sufficiently aggressive accumulation goal... 1% is o.k. and 10% is likely MOAR better..

PS to the advert (to cover our asses):  #DYOR  .. #YMMV.... #BTMFD.

Many of us recognize that in recent times, we had been through another (comparing to the 2014/15/16 period) LONG ASS period of more than 2.5 years in which BTC accumulation could have been been accomplished in much more moderate, modest and slow paced ways, but we are likely entering into a phase in BTClandia (nothing is guaranteed in BTClandia) in which moderate, modest and slow-paced may be becoming a less prudent way of going about BTC accumulation (and acquiring a meaningful BTC stake).. and front-loading might end up being more prudent and practical than moderation, modesty and/or slow-pacedness.. (again, nothing is guaranteed in BTClandia)...

I sense my 12k toes tingling

Essentially we're saying the same thing. I just removed the impossible (the past). Of course, if I could travel back in time, buying BTC would be the very first thing I'd do. I still haven't forgiven myself for not buying moar in 2015, ending up spending the same amount of fiat I had then, to buy much less corn later. Hesitation is costly in bitcoinlandia, the early bird gets the worm, the later bird is still OK, but it has to wait. But it's still OK.

History has shown that buying BTC whenever you can, has been (most of the time) a very profitable move. Add a few years in the future, and (perhaps) you could replace "most"  with "all" in the previous sentence. Can you imaging someone buying right at the ATH point? I have a friend who did so in 2017. He must be so sad now... Should he be? Maybe not. I could place a bet that his face will turn from to in a couple of years. So, subtracting the impossible, the best time to buy is now, or in the near future if you think you can outsmart it (hahaha).

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.

Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most...

What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

xhomerx10 just replied with a near-exact copy of what I was about to write.

[Biodom]

Life was giving me a hint at the grocery store



went over my head..oh well
as the proverbial saying (from a hairdresser) goes "you can't do them all".

 Is that the WO thread when BTC hits 200k?

I guess, it is, at least it was advertised  

[AlcoHoDL]

Life was giving me a hint at the grocery store



went over my head..oh well
as the proverbial saying (from a hairdresser) goes "you can't do them all".

Is that the WO thread when BTC hits 200k?

Yes (not to scale).

[Last of the V8s]

 

[JohnnyUranus]

To all pundits how do you guys pronounce Kamala?

Those are two words in a single sentence that I have never heard. Google still has not told me what the meaning of Kamala is...

Means "lotus" or "pale red" in Sanskrit. In Sanskrit this is a transcription of both the feminine form कमला and the masculine form कमल, though in modern languages it is only a feminine form. ... It is also another name of the Hindu goddess Lakshmi.

Kamala means horrible in Finnish

[JayJuanGee]

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.

Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most...

What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

 Wait a second, I can't trust my brother, mother, children or spouse but I can trust a lawyer to give them (my family) the letter detailing how to obtain my Bitcoin after I die?  Not happening.  I'd rather die with my coin and enrich all my WO hodlers than trust a lawyer over my loving family.

edit: added some brackets for clarity.

O.k.  don't pass it onto the lawyer, pass it on to your beloved brother billy..  When you are dead, you are not going to fucking care if billy is irresponsible, drinks a lot of billy beer and cannot keep any of his affairs straight because you are dead... so yeah... billy gets the coins to distribute to your heirs or whatever is your estate instructions to him in the letter that gets opened after your death rather than the ratt lawyer...**



**By the way, I was just using lawyer as an example.. so I am not sure why to get so worked up over specifics that would have been within your complete and total discretion, anyhow, including neither consulting with or using a lawyer to handle your legal needs.. or whatever you discretionarily choose to do.

[Indymoney]

Life was giving me a hint at the grocery store



went over my head..oh well
as the proverbial saying (from a hairdresser) goes "you can't do them all".

 Is that the WO thread when BTC hits 200k?

Its too much we need some better way to advertise this not here right now

[JayJuanGee]

[edited out]

Essentially we're saying the same thing. I just removed the impossible (the past). Of course, if I could travel back in time, buying BTC would be the very first thing I'd do. I still haven't forgiven myself for not buying moar in 2015, ending up spending the same amount of fiat I had then, to buy much less corn later. Hesitation is costly in bitcoinlandia, the early bird gets the worm, the later bird is still OK, but it has to wait. But it's still OK.

Can't argue with you there.

History has shown that buying BTC whenever you can, has been (most of the time) a very profitable move. Add a few years in the future, and (perhaps) you could replace "most"  with "all" in the previous sentence.

This too... agree.

Can you imaging someone buying right at the ATH point? I have a friend who did so in 2017. He must be so sad now... Should he be? Maybe not. I could place a bet that his face will turn from to in a couple of years. So, subtracting the impossible, the best time to buy is now, or in the near future if you think you can outsmart it (hahaha).

I gotta quibble here.  I am not going to doubt that there are some outlier cases that bought at the top and just sat on their hands for more than 2.5 years... but that really is not a very smart strategy to just let their investment sit without buying some more..   I don't have too much sympathy for these kinds of folks, but there would be a decent amount of respect for anyone who actually makes sure NOT to sell at a loss, even though part of the inclination is going to be to cash out way too much too early once their holdings get into profits... again to the extent that this hypothetical (and likely over-represented) investor actually exists.

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.

Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most...

What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

xhomerx10 just replied with a near-exact copy of what I was about to write.

Well, I am going to have to give you the same exact response that I gave to xhomer.. except making my response with an image rather than words.

[D. Lerk]

My grown-up kids and wife of decades are educated in the convoluted process of retrieving my coins should I get hit by a bus.

I don’t worry about them conspiring to “rob” me, because if that were to happen my life would have been a worthless sham and my problems far bigger than mere money.

Perspective.

[Toxic2040]

[jojo69]

https://www.youtube.com/watch?v=h5y3GPiOy_E

[_javi_]

Somebody doesnt want 12k

Slaughter that mini-bearwhale!!!

[LFC_Bitcoin]

Somebody doesnt want 12k

Slaughter that mini-bearwhale!!!

Seemingly a tough nut to crack atm. We’ll break through by the end of this weekend, I think.

[Biodom]

OT: City (Sterling) did not score into the empty net from 6-8 feet.

Bayern/City would be probably more interesting than Bayern/Lyon, but who knows.

[LFC_Bitcoin]

OT: City (Sterling) did not score into the empty net from 6-8 feet.

Bayern/City would be probably more interesting than Bayern/Lyon, but who knows.

[D. Lerk]

Somebody doesnt want 12k

Slaughter that mini-bearwhale!!!

Seemingly a tough nut to crack atm. We’ll break through by the end of this weekend, I think.

There’s often an attack on support or resistance in the wee hours, 3-5 Sunday am, Liverpool time.

[Indymoney]

OT: City (Sterling) did not score into the empty net from 6-8 feet.

Bayern/City would be probably more interesting than Bayern/Lyon, but who knows.