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

[fragout]

Observing $11447. I expect a snap back up
or not

[1686157927]

1686157927

[aesma]

BCash confirmation times 😂😂😂😂..👇

https://twitter.com/terryjones0001/status/1298215679678701570?s=21

Jbreher....? 

I haven't followed BCH in years, I hodl one just in case it moons to 1 million $

Is 15 confirmations the normal thing for a BCH transaction ?

[AlcoHoDL]

About spending some of your corn now...

The only two things I've bought with my corn are my Trezor (soon to become the most expensive h/w wallet in the world -- excluding the coins in it), and a site subscription (fortunately only paid once).

Whenever I think of spending some of my corn, I think of Laszlo's pizza story...at which point I log out of my wallets and order two double pepperonis using fiat. Somehow the pizzas taste better that way...

GTCTTWW.

HoDL.

But does your spending really count, AlcoHoDL?

I bet that you really spent and replaced... those lilly corns,  AmiNOTkoreck?

I am thinking further.. not specifically about you, AlcoHoDL, but maybe none of us really ever arrives at any kind of perfect "fuck you" status?

We are all just fuck you status wannabes?

 

I might be exaggerating a bit because even if none of us would reach a kind of dictator of an island status, but there are graduation of options within fuck you status, too.

Remember mindrust said something like, "who needs to be rich anyhow, these days?"  The world is fucked with a virus and multiple travel and consumption restrictions, so where you going to spend all of that "on paper" wealth?  In other words, to some extent mindrust was proclaiming that there might not be any value in being wealthy.

Ok..  we do not need to go that far (such as mindrust) in our thinking to realize that wealth is still going to give more options than if NOT having wealth, right?  

Don't get me wrong, because I am also NOT suggesting that guys have to reach some extremely exorbitant level of wealth before they can either pull a kind of fuck you lever or to proclaim that they are in a kind of fuck you status, even if they choose to continue to work (hopefully as something that they really want to do rather than have to do).

Let's say that a guy is not really going to feel comfortable with achieving fuck you status until the value of all of his potentially income producing assets (or quasi-liquid) assets are  securely in thee $2million of total value region (for a presumably $6,667 per month passive income).  Of course, he could diversify out of corn.. or he can keep a decent chunk in corn, but try to consider what the BTC bottom might be?  
Recently, haven't we had been using the 200 week moving average as a kind of bottom for the BTC price, which would be around $6,500, currently.  

So, yeah if $2million is your fuck you status level, you better have 307.7 BTC or the equivalent of that in BTC and other assets (considering what the bottoms of those other assets might be, too).  A question might be whether $2million is really the necessary minimum or would such fuck you status wannabe peep be able to be o.k. with $1million.. which yeah, is half the quantity of expected passive income of $3,333 rather than $6,667 per month.

We should be capable of figuring out these kinds of things for our lil selfies, including having a financial/psychological cushion that is NOT too unreasonable that will still allow us to pull the "fuck you" lever at a time in our lives that we should be able to still enjoy it while trying to appreciate what real world factors we are dealing with, including known, unknowns and unknown unknowns.

Well, I didn't replace my spent BTC. Not specifically for those purchases. But I did purchase several coins since then, so, technically, I did replace them. But you know what I mean...

mindrust said a lot of things. It's easy to go all philosophical with comments like "who needs to be rich anyhow, these days?" So, I'm asking you, mindrust, why have you made those other investments? After all, "who needs to be rich anyhow, these days?" Fuck you!

I think mindrust has crossed the line of sanity and has entered the first stage of his transformation into a r0ach-like entity. I don't think there is much hope for him, other than BTC dropping below the price point he sold, so that he has a chance to rebuy, which he probably won't take due to ego taking over his mind. OTOH, if Bitcoin keeps rising and enters 6 digits (i.e., in a few years' time), many bears and weak hands, not only mindrust, will have to suffer a miserable existence, knowing that they were in the rocket and got off. Willingly. By choice. A once-in-a-lifetime chance wasted.

Fuck-you rich. Will we ever reach that status? Probably not. But possibly yes! Those coins we have may end up being valued at million dollars each. So, even double (dare I say, single) digits may take us to that state of being able to say a loud "FUCK YOU" to anyone we want, without worrying about consequences or caring about reactions. Kind of like "El Duderino" mode on steroids.

BTW, I really like it when I see those $3,333 and $6,667 numbers in your posts. Most people would just type $6,666, but you took care of that extra one dollar that would make the sum a nice, round $10k. I like that. Shows you pay attention to details. A rarity in this rotten day & age. Keep it up.

[AlcoHoDL]

About spending some of your corn now...

The only two things I've bought with my corn are my Trezor (soon to become the most expensive h/w wallet in the world -- excluding the coins in it), and a site subscription (fortunately only paid once).

Whenever I think of spending some of my corn, I think of Laszlo's pizza story...at which point I log out of my wallets and order two double pepperonis using fiat. Somehow the pizzas taste better that way...

GTCTTWW.

HoDL.

But does your spending really count, AlcoHoDL?

I bet that you really spent and replaced... those lilly corns,  AmiNOTkoreck?

I am thinking further.. not specifically about you, AlcoHoDL, but maybe none of us really ever arrives at any kind of perfect "fuck you" status?

We are all just fuck you status wannabes?

 

I might be exaggerating a bit because even if none of us would reach a kind of dictator of an island status, but there are graduation of options within fuck you status, too.

Remember mindrust said something like, "who needs to be rich anyhow, these days?"  The world is fucked with a virus and multiple travel and consumption restrictions, so where you going to spend all of that "on paper" wealth?  In other words, to some extent mindrust was proclaiming that there might not be any value in being wealthy.

Ok..  we do not need to go that far (such as mindrust) in our thinking to realize that wealth is still going to give more options than if NOT having wealth, right?   

Don't get me wrong, because I am also NOT suggesting that guys have to reach some extremely exorbitant level of wealth before they can either pull a kind of fuck you lever or to proclaim that they are in a kind of fuck you status, even if they choose to continue to work (hopefully as something that they really want to do rather than have to do).

Let's say that a guy is not really going to feel comfortable with achieving fuck you status until the value of all of his potentially income producing assets (or quasi-liquid) assets are  securely in thee $2million of total value region (for a presumably $6,667 per month passive income).  Of course, he could diversify out of corn.. or he can keep a decent chunk in corn, but try to consider what the BTC bottom might be?

Recently, haven't we had been using the 200 week moving average as a kind of bottom for the BTC price, which would be around $6,500, currently.  

So, yeah if $2million is your fuck you status level, you better have 307.7 BTC or the equivalent of that in BTC and other assets (considering what the bottoms of those other assets might be, too).  A question might be whether $2million is really the necessary minimum or would such fuck you status wannabe peep be able to be o.k. with $1million.. which yeah, is half the quantity of expected passive income of $3,333 rather than $6,667 per month.

We should be capable of figuring out these kinds of things for our lil selfies, including having a financial/psychological cushion that is NOT too unreasonable that will still allow us to pull the "fuck you" lever at a time in our lives that we should be able to still enjoy it while trying to appreciate what real world factors we are dealing with, including known, unknowns and unknown unknowns.

Okay if two million in btc is f u status you need three million not 2. if you cash the 3 and pay tax ending up with 2 million in cash gives me 33 years at 6666.66 a month.

Now if I did all of the above and btc goes to 50k a coin I would never be happy I cashed in the three million in coin or about 290 coins.

If I was looking to cash 290 coins. I would need at least 210 more to hodl.

Now the numbers above mean I need 500 coins . I am 63 if you are younger add 9 coins for each year you are younger.

I e

63 you need 500. cash 290
62 you need 509. cash 295
61 you need 518 cash  300

most people here dont have that much coin.

In good time, philipma1957, in good time.

Soon, you won't have to have that many coins to achieve what you want. That's the beauty of Bitcoin. Year by year, the same amount of BTC buys you MOAR things. So, for the same things you need less BTC.

[El duderino_]

Given everything going on in the global economy, we began accumulating #Bitcoin  starting in March and holding it as a reserve asset on our balance sheet.

My latest article explains the full reasoning behind this decision. Feedback is welcome

https://twitter.com/cgimmer/status/1297891383227842561?s=21

Good read

[cAPSLOCK]

So was 11330 the capitulation on this pullback?

What say ye, Toxic et al?

I assume we really don't want to dip under 11140-ish for very long...

[Toxic2040]

So was 11330 the capitulation on this pullback?

What say ye, Toxic et al?

I assume we really don't want to dip under 11140-ish for very long...

Its Tuesday...

[Toxic2040]

Pretty big shake ups across the board in all markets today. Seems like a continuation of this consolidation trend we have been in...in other words, a healthy pullback. I think as long as $10.8k to $11kish hodls into September its a positive over the coming months.

#dyor
1h


4h

#stronghands

[BobLawblaw]

Everyone should just take the day off from this thread IMO.

Things are looking ugly, yo.

[fillippone]

When gods fail.
Jameson Lopp, one of my bitcoin idols, just gone full retard, selling his soul to a meaningless ICO:

Not an equity offering.
Not yo' mama's ICO.
A guaranteed share of cash flow.
https://token.inx.co

https://twitter.com/lopp/status/1298262107478081547?s=20

He has been advising this company for a long time, according to one of his tweet asking for a clarification (“hacked?”).

Digging the website you discover that:



So he bought USD 2,500 of this shit and now he want to dump it on us.
Samson Mow part of the Gang.
Dear Lord.

I know people desperately want to separate you from your money, but I thought he were rich enough to avoid this, at least for the moment (given the amount of money he put in that money-burning pit called Casa).
Tell me guys no one ever of you sponsored an ICO... I have faith in the WO gang

[jbreher]

BCash confirmation times 😂😂😂😂..👇

https://twitter.com/terryjones0001/status/1298215679678701570?s=21

Jbreher....? 

Ten minutes per block targeted, ten minutes per block achieved. Just like clockwork. What are you trying to imply? That satoshi's target of ten minutes per block is a bad idea? I disagree with that notion. If you don't like ten minutes per block, you could always switch to ether or lite or some other crapola.

[Toxic2040]

Everyone should just take the day off from this thread IMO.

Things are looking ugly, yo.

im just not seeing that...corn trading over 11.3ish atm...think i liked you better when you smoked and drank     

back to plate training sir


------
the noon wall report at 10:35am

#dyor
D

#stronghands

[LUCKMCFLY]

Hello WO Family! Here an update from @ChartsBtc

#bitcoin halving candles

Source:https://twitter.com/ChartsBtc/status/1298263090765545474

[Last of the V8s]

sad train is sad. also a bit weird

[Toxic2040]

sad train is sad. also a bit weird

those lips tho..

[El duderino_]

Everyone should just take the day off from this thread IMO.

Things are looking ugly, yo.

Last week you where saying things are looking good.....  

Is a pullback that bad?

Though the WO will always be the same, we laugh up together and cry down together 

[Toxic2040]

-snipped-

Though the WO will always be the same, we laugh up together and cry down together 

+1 WOsMerit

[JayJuanGee]

[edited out]

Fuck-you rich. Will we ever reach that status? Probably not. But possibly yes! Those coins we have may end up being valued at million dollars each. So, even double (dare I say, single) digits may take us to that state of being able to say a loud "FUCK YOU" to anyone we want, without worrying about consequences or caring about reactions. Kind of like "El Duderino" mode on steroids.

I hate to beat a dead horse  (ok.. I don't mind beating a dead horse.. I admit it)

BUT

something is telling me that if you need bitcoin to reach $1million per coin in order to reach fuck you status, something is NOT quite right with your approach.

#justsaying






Regarding saying fuck you with out consequences... I hope that pregnant lady slaps you in the face and wrestles you to the ground.


 

#justsaying

 

[edited out]

In good time, philipma1957, in good time.

Soon, you won't have to have that many coins to achieve what you want. That's the beauty of Bitcoin. Year by year, the same amount of BTC buys you MOAR things. So, for the same things you need less BTC.

Unless you screw up by believing that you have to cash out into something more "stable" such as fiat.

[Phil_S]

Portnoy went full cryptonian with twitter trolling... "I will save #bitcoin and #Crypto if they ask me nicely."
What a moron.

[JayJuanGee]

Given everything going on in the global economy, we began accumulating #Bitcoin  starting in March and holding it as a reserve asset on our balance sheet.

My latest article explains the full reasoning behind this decision. Feedback is welcome

https://twitter.com/cgimmer/status/1297891383227842561?s=21

Good read

I agree that the underlying article is a good read with a decent (and varied) amount of analysis, but still who/what is Snappa?  Never heard of them.

https://snappa.com/about

Are they much of a playaaa?

Edit:

Oh I found this.  Appears that such company does about $3million revenue per year....

Everyone should just take the day off from this thread IMO.

Things are looking ugly, yo.

oh gawd    

Biting my tongue,  for now:



#nohomo

Edit 2:  I see that boldie moldie toxic moxic addressed the stirrenings in my thinkenings.. to the extent incomplet turrenings have such thinks... hahahahahaha

Everyone should just take the day off from this thread IMO.

Things are looking ugly, yo.

Last week you where saying things are looking good.....  

Is a pullback that bad?

Though the WO will always be the same, we laugh up together and cry down together 

Some guys (and gal) do not cry.. they throw flamboyant temperature tanturums, #nohomo