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

[Globb0]

It wont change me. Now blow some more coke up my arse damnit jeeves

[1680016723]

1680016723

[gentlemand]

Yeah, this is a valid concern for many of us... I've heard of people who won the Lottery (several $M) and two years later they were penniless and owing to banks...

I think it's up to the individual, his character and attitude towards life. Personally, I feel it won't change me or affect my mental state etc., but no one really knows until he gets into that "fuck you rich" state. We'll know soon enough. 

Anyone who does well out of Bitcoin will have been tormented for several years before benefiting. It won't have arrived out of nowhere. That's a very different launchpad compared buying a scratchcard on your way to picking up some chemicals for the meth lab.

Years will have been sent delaying gratification (not 'high time preference' which is a phrase that needs a shotgun blast in the perineum) and that's a lot of time to refine some discipline.

[El duderino_]

There is an unconfirmed report that Risto Pietila has died. By his own hand, people are saying. More if I get it.

We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state.  A slippery slope no doubt

This is it for me too. I am developing a strategy to keep sanity every new 10k increase or so. Bitcoin became something too big in my life, I did not expect it to be this way but, as I said, this is it.
Now I understand when they say "with great power comes great responsibility".

Confession
I recently lost more than 10 btc. I am not disclosing how that happened, still makes me mad. This has been haunting me for the last two years.
I am slowly re-building my bitcoin wealth by stacking as many sats as I possible can and exchange my leftover fiat at the end of the month.
This is the reason why you will see me changing my avatar from time to time as I join sig ad campaigns.

This is where I stand today, feels good to have finally shared my story with you.

Closing like Jimbo would do: Go BTC go!

Stack those sats !!

But recently or a few years back?  (Losing 10 coins?)

[OutOfMemory]

We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state.  A slippery slope no doubt

Yeah, this is a valid concern for many of us... I've heard of people who won the Lottery (several $M) and two years later they were penniless and owing to banks...

I think it's up to the individual, his character and attitude towards life. Personally, I feel it won't change me or affect my mental state etc., but no one really knows until he gets into that "fuck you rich" state. We'll know soon enough. 

Simple:
1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess 

[vapourminer]

There is an unconfirmed report that Risto Pietila has died. By his own hand, people are saying. More if I get it.

Coincidentally, I was thinking of him the last few days as one of the Bitcoin OG's whom I believe struggled with mental health issues,  and wondering how he'd managed. 
 As I understand, he gained and lost a fortune several times and scammed some folks along the way.
We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state.  A slippery slope no doubt

Don't do it, Icygreen.. don't let the fortune get to you.  Try to remain calm / your old normal self; and keep all your same friends (and job too).      No hookers, lambos or blow...   stay away from those.   

Gotta stay vigilant humble and charitable. I believe you've described part of the process as a sort of fuck you status. All of a sudden, fuck this fuck that, fuck him, because, you know.... I gots mine.

yeah never forget where you came from, you could find yourself right back to where you started. in my case being poor back in the day. paycheck to paycheck? that was paradise, i usually was out of money a day or two after payday.. dark times and mainly my fault.

being poor gives a pretty good perspective on finally having enough money to not worry too much about your next meal (or your next lambo perhaps).

mental health is a tough thing to self judge, after all how do you judge the state of your brain when your brain only can see whats interpreted and filtered (or even altered in many cases) through itself. if you cant trust your own brain.. well i cant see that being much fun at all.

edit: i may of screwed the quotes up

[lightfoot]

1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess 

I think one thing that sinks lottery winners is that it the total cost of ownership of any item far exceeds the mere purchase price. Big houses cost a lot of money over time for upkeep/maintenance, as do Lambos. Rich people budget for this, flash rich people buy big houses for their family members then start getting hit up for repairs, maintenance, etc. Or they buy a "business" that needs a lot of capital that you shovel in because.... well you bought it.

Something to think about.

[marcus_of_augustus]

Money wont change the essence of the person, at best/worst it will amplify it.

If someone is already an asshole, in all likelihood they just become a rich asshole.

(that was quote I heard on here pre-2013 btw)

[Philipma1957cellphone]

We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state.  A slippery slope no doubt

Yeah, this is a valid concern for many of us... I've heard of people who won the Lottery (several $M) and two years later they were penniless and owing to banks...

I think it's up to the individual, his character and attitude towards life. Personally, I feel it won't change me or affect my mental state etc., but no one really knows until he gets into that "fuck you rich" state. We'll know soon enough.  

A co worker at my wife's job won two lotteries in one month. 2 MILL AND 7 MILL

he ended up divorced and working as an airport security guard.

The job he quit paid 110k the airport job was less then 1/2 that. It took under three years for the money to be lost.

[bitserve]

1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess  

I think one thing that sinks lottery winners is that it the total cost of ownership of any item far exceeds the mere purchase price. Big houses cost a lot of money over time for upkeep/maintenance, as do Lambos. Rich people budget for this, flash rich people buy big houses for their family members then start getting hit up for repairs, maintenance, etc. Or they buy a "business" that needs a lot of capital that you shovel in because.... well you bought it.

Something to think about.

All true. They are not used to manage money and many are easy prey for unscrupulous financial advisors, personal bankers, etc. Also, many decide to be excessively generous with other family members etc... or, as you say, decide to start/buy business without having the slightlest idea of how to manage one and, what is even worse, employing family members thus creating a totally unprofitable sink hole that they are afraid to stop on time.

That way, and even without ever going into a lambos, hookers and coke spending spree, maybe even before substantially changing their life they find themselves bankrupt (sometimes without being aware of it until years after the fact).

Preserving/increasing wealth is a job in itself that requires some skills and dedication, otherwise easy comes easy goes.

That being said, I don't think the average OG Hodler would easily fall into above mistakes...

[JSRAW]

We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state.  A slippery slope no doubt

Yeah, this is a valid concern for many of us... I've heard of people who won the Lottery (several $M) and two years later they were penniless and owing to banks...

I think it's up to the individual, his character and attitude towards life. Personally, I feel it won't change me or affect my mental state etc., but no one really knows until he gets into that "fuck you rich" state. We'll know soon enough. 

Simple:
1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess 

My first step would be keeping my mouth shut and emotions in check for fair amount of time. 

[JimboToronto]

Good morn Bitcoinland.
One one six two six dollars
Bitcoinaverage).

Sideways (slightly up)
OK but somewhat boring-
I need more coffee.

Go go Bitcoin go.
Go Bitcoin go Bitcoin go.
Go go Bitcoin go.

1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess  

I think one thing that sinks lottery winners is that it the total cost of ownership of any item far exceeds the mere purchase price. Big houses cost a lot of money over time for upkeep/maintenance, as do Lambos. Rich people budget for this, flash rich people buy big houses for their family members then start getting hit up for repairs, maintenance, etc. Or they buy a "business" that needs a lot of capital that you shovel in because.... well you bought it.

Something to think about.

All true. They are not used to manage money and many are easy prey for unscrupulous financial advisors, personal bankers, etc. Also, many decide to be excessively generous with other family members etc... or, as you say, decide to start/buy business without having the slightlest idea of how to manage one and, what is even worse, employing family members thus creating a totally unprofitable sink hole that they are afraid to stop on time.

That way, and even without ever going into a lambos, hookers and coke spending spree, maybe even before substantially changing their life they find themselves bankrupt (sometimes without being aware of it until years after the fact).

Preserving/increasing wealth is a job in itself that requires some skills and dedication, otherwise easy comes easy goes.

That being said, I don't think the average OG Hodler would easily fall into above mistakes...

It's hard to get rich
And not get caught up in it.
You must still think poor.

Ignore your new wealth
And spend like you always did
When you were dirt poor.

Scrimp on ev'rything
Keep your spending just as low
As in poverty.

It's never easy
And in time you'll find that you'll
Be spending faster.

Hopefully by then
You'll have saved enough money
And built good habits.

You can start living
Happily ever after.
Don't be n-word rich.

Hookers, Lambos, blow
Are obviously just traps
That keep suckers poor.

[600watt]

https://research.arcane.no/news/equinor-partners-with-bitcoin-mining-company

more flaring stuff. big company.

it is a state owned, globally active, multibillion energy giant. if this works (and I don't see why it shouldn't) it will change the bitcoin mining landscape.

Mining cryptocurrency requires a lot of electricity to power computers, while a valuable commodity is wasted, and carbon emissions are created when we flare. By connecting these inverse pains, we can satisfy both needs with no cost to market expense.

besides the fact that this will make bitcoin hash power grow even stronger, it will also make the case against the "bitcoin-uses-too-much-energy" critique.

Digital flare mitigation offers a win-win alternative for producers and investors alike

digital flare mitigation...  

you heard it here first.  very good find V8

[Last of the V8s]

yes there's a whole world out there

https://www.upstreamdata.ca/datacenters

https://greenidgellc.com/

[600watt]

yes there's a whole world out there

https://www.upstreamdata.ca/datacenters

https://greenidgellc.com/

woah - is this real? gonna order some of those and drill a small hole into the local gas pipeline... 

[600watt]

lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

[Dabs]

lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

Sleep on it for a few days. You've been running that business for how long? What's a few more days to really think about it or plan to get a good buyer to turn it over to?


As for OG hodlers, some of us here have gone through 90% (or higher) losses, so taking care of any potential future earnings should be manageable. Wealth preservation.

A few simple rules everyone should be doing: Don't spend more than you earn, save or invest the difference, avoid debt.

[Febo]

A few simple rules everyone should be doing: Don't spend more than you earn, save or invest the difference, avoid debt.

That is pretty much the only rule you need to follow to be rich. It does not really matter how much you earn. If you spend more than you earn, then you will never be rich. If you save some and try to implement you will sooner or latter see results.

[serveria.com]

lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

I had similar thoughts about selling some RE I own. 6 digit fiat amount in btc is something which is hard to resist...

[jojo69]

Money wont change the essence of the person, at best/worst it will amplify it.

mmmmmmmmmmmmmmmm

[lightfoot]

Money wont change the essence of the person, at best/worst it will amplify it.

If someone is already an asshole, in all likelihood they just become a rich asshole.

(that was quote I heard on here pre-2013 btw)

Indeed. People go on about how "power corrupts" but to be honest,

"power reveals".

It simply reveals the kind of person that was always there, doesn't change anything about them.

Something to always keep in mind.