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

[nullius]

[...]

Two different things wanteth the true man: danger and play.  Therefore wanteth he woman, as the most dangerous plaything.

I am surely NOT proclaiming such proclivities to be a bad thing (even if a potential weakness).  

 

   #nohomo

My own pet theory is that if you (indefinite “you”—not you, Jay) are not strong enough to be the boss in a relationship with a cunning, manipulative, oftentimes quite predatory creature, then you should #gohomo.  Consider that to be Nature’s way of preventing you from pissing in the gene pool with your whiny weakling heirs.

You worthless wretch.  ...consider the health benefits of homosexuality.

A Real Man wants women.  A Real Man does not want for his women to be such safe little sweeties as the incel crowd demands that women should become for them.

Too sweet fruits—these the warrior liketh not.  Therefore liketh he woman;—bitter is even the sweetest woman.

I don’t put sugar in my coffee, I drink my liquor straight, and I don’t like “too sweet fruits” who present no challenge.

What would be the fun of having a naturally aggressive, competitive, domineering personality, if women were perfectly passive damsels who would submit to just any idiot with a penis?

[criptix]

https://twitter.com/fiatcurrency/status/1313553029166174215

no more stimulus negotiations till after the election - btc down a tad, stonks follow suit

Orange man bad!!!! 

[Toxic2040]

[600watt]

(...)

Thanks man, I appreciate the comment, which applies to most of us here.

About exposure, yeah, this is the only thing I'll regret when we moon. The fiat I could've invested in BTC, but didn't... Well, it is what it is, now I'm in HoDL mode and will wait it out.

As LFC says, we may get there next year. I'm OK even if we get there in 2022-2023. Of course, "getting there" means different things to different people. For me, it means BTC = $100k. I do expect BTC to reach far higher values than this though, even reaching $1M and beyond.

We'll know soon enough.



Thanks, AlcoHoDL.

(...)

thing is... it isn't. you could just buy more/re-allocate  
don't you feel short on btc?

[ivomm]

I just got my Coinbase Visa card and I tested it with a small POS purchase. It is working   This is a huge relief for me, since SEPA transfers from exchanges takes several days and some banks are declining them. My situation is such that I have to use 2 banks and thus I have to wait at least 2 days to receive the fiat. So  I'm no longer afraid that there will be an unforeseen expense that I have to make within hours or days. Naturally, what I am going to do next is to buy bitcoins with all my saved salary after the taxes and fees. Then transfer almost all to my cold storage and keep some very small stash in my Coinbase account. From there, I can immediately transfer to the Visa card and make a purchase.

This provokes some thoughts that I want to share with you. I know that I am at the very beginning of a long way that the hardened hodlers have taken. So some of the things will be very familiar to them, I guess.

With each year of hodling, I feel more confident that the best way of living for me is to think about everything in terms of Bitcoin, not fiat. I mean, if I choose to sell a bigger part of my stash, it would be not for some impressive amount of fiat, but for something that will change my life. As the years pass by, I find that I have less interest in the current price and less heart jumps when it falls.

I am thinking seriously about a new place to live, with good climate, healthcare, etc. Hopefully, where to find really good people and true friends. Unless I have a clear idea of what I want and how to achieve this, it is pointless to sell for some fiat shitcoin. Whether usd or euro, it will lose half of its value in terms of real estate in a few years. I need to travel more and visit some of these possible destinations. I have to study these places if I can settle there and have a better life.

The only problem that I personally have is that unless Bitcoin catches up Gold in the next years, I won't be able to achieve this with my current modest stash. So the solution is only one - DCA. Slow and steady do the job. For the last 2 years I've increased my stash with 30% only relying on DCA. I think that another 50% increase in the following 15 years is possible, if the price is below Gold's of course. And if I keep my good although low paid job (internationally speaking). So I am thinking of waiting 15-ish years for an early retirement and to start spending what is needed for the new life.  By then of course there will be no need for fiat mediator, a direct buy of real estates should be possible everywhere much sooner

Having said that, it would be better hypothetically speaking, if I could predict a bigger bear period to increase my stash by just one sell and rebuy. It would be a serious temptation not to sell something, if for a few weeks we make 4-5-6x increase whithout a correction. But in all other scenarious of natural growth, I think I will have the strenght to remain calm and not to sell.

[nutildah]

https://twitter.com/fiatcurrency/status/1313553029166174215

no more stimulus negotiations till after the election - btc down a tad, stonks follow suit

Orange man bad!!!!  

That's OK, we'll live... Congress just can't give money to the people who need it without giving 1,000,000x as much to the wealthiest 1%; its impossible for them... that's just the way that it is. Meanwhile the price of everything has jumped at least 10% this year.    Another stimulus package would only drive up inflation all the more.

[becoin]

Having said that, it would be better hypothetically speaking, if I could predict a bigger bear period to increase my stash by just one sell and rebuy. It would be a serious temptation not to sell something, if for a few weeks we make 4-5-6x increase whithout a correction.

Don't do that!
I know a lot of people that sold all their bitcoins at $100 and then at $1000 expecting a correction that never happened. Now they hate bitcoin.

[JimboToronto]

Didn't post my usual morning greeting today because I'm preoccupied by Hurricane Delta.

It increased to category 4 and is headed straight toward our homes in Quintana Roo.

Talked to our custodians and hopefully trees are being cut that might fall on our houses, water tanks are being secured and windows are being boarded up.

We told one to abandon the property and go to a government shelter. We expect all our thatched roofs to be a write-off.

Luckily our main house and storage building have concrete roofs. We told our friends there that they can b&e the place if they need shelter.

Nothing like Daddy Nature to remind you about the real world. Hopefully no lives will be lost.

[xhomerx10]

Didn't post my usual morning greeting today because I'm preoccupied by Hurricane Delta.

It increased to category 4 and is headed straight toward our homes in Quintana Roo.

Talked to our custodians and hopefully trees are being cut that might fall on our houses, water tanks are being secured and windows are being boarded up.

We told one to abandon the property and go to a government shelter. We expect all our thatched roofs to be a write-off.

Luckily our main house and storage building have concrete roofs. We told our friends there that they can b&e the place if they need shelter.

Nothing like Daddy Nature to remind you about the real world. Hopefully no lives will be lost.

 
 With any luck it will track northward a little sooner than predicted. 
Very nice of you to offer shelter to your friends - hopefully they wont need it.
We're Qunitana Rooting for you Jimbo!  Stay safe.

[Hueristic]

Didn't post my usual morning greeting today because I'm preoccupied by Hurricane Delta.

It increased to category 4 and is headed straight toward our homes in Quintana Roo.

Talked to our custodians and hopefully trees are being cut that might fall on our houses, water tanks are being secured and windows are being boarded up.

We told one to abandon the property and go to a government shelter. We expect all our thatched roofs to be a write-off.

Luckily our main house and storage building have concrete roofs. We told our friends there that they can b&e the place if they need shelter.

Nothing like Daddy Nature to remind you about the real world. Hopefully no lives will be lost.

Dig in and stay safe buddy, if I prayed i'd drop one for you.

[JimboToronto]

Thanks to all for the support.

Dig in and stay safe buddy, if I prayed i'd drop one for you.

We don't have to dig in. We're safe in Toronto.

It's our friends in Mexico we're concerned about... and of course our properties.

They do have some experience at this though. They say this reminds them of Wilma (2005).

[Hueristic]

Thanks to all for the support.

Dig in and stay safe buddy, if I prayed i'd drop one for you.

We don't have to dig in. We're safe in Toronto.

It's our friends in Mexico we're concerned about... and of course our properties.

They do have some experience at this though. They say this reminds them of Wilma (2005).

HAH! reading comprehension FAIL on my part!

[sirazimuth]

RIP Eddie....


https://www.youtube.com/watch?v=6M4_Ommfvv0

[criptix]

https://twitter.com/fiatcurrency/status/1313553029166174215

no more stimulus negotiations till after the election - btc down a tad, stonks follow suit

Orange man bad!!!!  

That's OK, we'll live... Congress just can't give money to the people who need it without giving 1,000,000x as much to the wealthiest 1%; its impossible for them... that's just the way that it is. Meanwhile the price of everything has jumped at least 10% this year.    Another stimulus package would only drive up inflation all the more.

I dont want to be short humanity, but that would be good for bitcoin  


Oh talking about short humanity, look at this:

https://www.wsj.com/articles/cme-nasdaq-to-launch-water-futures-contract-11600853401

[philipma1957]

https://twitter.com/fiatcurrency/status/1313553029166174215

no more stimulus negotiations till after the election - btc down a tad, stonks follow suit

Orange man bad!!!!  

That's OK, we'll live... Congress just can't give money to the people who need it without giving 1,000,000x as much to the wealthiest 1%; its impossible for them... that's just the way that it is. Meanwhile the price of everything has jumped at least 10% this year.    Another stimulus package would only drive up inflation all the more.

I dont want to be short humanity, but that would be good for bitcoin  


Oh talking about short humanity, look at this:

https://www.wsj.com/articles/cme-nasdaq-to-launch-water-futures-contract-11600853401

So easy to stop that bs. just stop fucking. no new customers demand decreases problem solved.

[Toxic2040]

some evening charts

could have been worse as far as Tuesdays go   

#dyor

1h


4h

#stronghands

[JayJuanGee]

I just got my Coinbase Visa card and I tested it with a small POS purchase. It is working   This is a huge relief for me, since SEPA transfers from exchanges takes several days and some banks are declining them. My situation is such that I have to use 2 banks and thus I have to wait at least 2 days to receive the fiat. So  I'm no longer afraid that there will be an unforeseen expense that I have to make within hours or days. Naturally, what I am going to do next is to buy bitcoins with all my saved salary after the taxes and fees. Then transfer almost all to my cold storage and keep some very small stash in my Coinbase account. From there, I can immediately transfer to the Visa card and make a purchase.

This provokes some thoughts that I want to share with you. I know that I am at the very beginning of a long way that the hardened hodlers have taken. So some of the things will be very familiar to them, I guess.

With each year of hodling, I feel more confident that the best way of living for me is to think about everything in terms of Bitcoin, not fiat. I mean, if I choose to sell a bigger part of my stash, it would be not for some impressive amount of fiat, but for something that will change my life. As the years pass by, I find that I have less interest in the current price and less heart jumps when it falls.

I am thinking seriously about a new place to live, with good climate, healthcare, etc. Hopefully, where to find really good people and true friends. Unless I have a clear idea of what I want and how to achieve this, it is pointless to sell for some fiat shitcoin. Whether usd or euro, it will lose half of its value in terms of real estate in a few years. I need to travel more and visit some of these possible destinations. I have to study these places if I can settle there and have a better life.

The only problem that I personally have is that unless Bitcoin catches up Gold in the next years, I won't be able to achieve this with my current modest stash. So the solution is only one - DCA. Slow and steady do the job. For the last 2 years I've increased my stash with 30% only relying on DCA. I think that another 50% increase in the following 15 years is possible, if the price is below Gold's of course. And if I keep my good although low paid job (internationally speaking). So I am thinking of waiting 15-ish years for an early retirement and to start spending what is needed for the new life.  By then of course there will be no need for fiat mediator, a direct buy of real estates should be possible everywhere much sooner

Having said that, it would be better hypothetically speaking, if I could predict a bigger bear period to increase my stash by just one sell and rebuy. It would be a serious temptation not to sell something, if for a few weeks we make 4-5-6x increase whithout a correction. But in all other scenarious of natural growth, I think I will have the strenght to remain calm and not to sell.

Seems to me that you have engaged in a lot of good introspective and personalized thinking there, and some of your plans have evolved a bit over the years to become somewhat more solid and specific because you have spent a couple of years in a kind of solid BTC accumulation mode with a better idea regarding how your BTC stash is building up with the passage of time.

You also have established a pretty decently solid projection regarding how much BTC you should be able to accumulate over the coming years and even tentatively projecting out your balance for 15 years in order to have decently good chances of reaching your personalized version of fuck you status goals.

Surely, seems reasonable to me to be projecting out 15 years, because a lot of people take 30 years or more to attempt to accumulate for their retirement (or fuck you stash) and still after 30 years have not accumulated enough of a stash value in order to actually be able to meaningfully follow through with anything close to the level of comfortable retirement that they were anticipating.. and sure sometimes goals have to be tempered down in order to account for the reduced value of their investments and their failure to really establish a sufficiently large enough investment stash.

Sure it is possible that BTC never reaches gold parity, and maybe still you will not have been a failure in having had counted on BTC, but instead had a bit more modest of a bitcoin stash value than expected.  Maybe it would not be bad to consider a scenario (not saying that it is likely) in which BTC kind of tops off in the $100k-ish arena... that is still nearly a 10x appreciation from today's prices.. so wouldn't it still be possible to work with something like that? Even if it is more modest than expecting?

Overall, it seems that odds are pretty decent that BTC is going to meet and perhaps double gold's valuation in the coming 8 to 12 years, and maybe 16 years on the outside range of that.. and of course, none of those kinds of price performances are guaranteed, and you know that, too.

I personally do think that shaving off some profits on the way up could well be a good idea (even if you are feeling that you are too much in a kind of ongoing BTC accumulation stage)... especially experiencing a scenario of 5x to 6x in any time period that is less than 6 months would likely be a sign that a bit of shaving off profits may well be prudent.. even if that is only shaving off 5% or 10% of your stash.. but yeah, if you continue to shave off too much of your stash before you are really ready because you are betting on an upcoming BTC correction rather than being willing to leave those shavings behind, then there could end up developing a kind of cumulative effect that causes you to conclude that you had been selling way too much BTC too soon.  So in that scenario, if you were to shave some off, and then you shave off some more, then pretty soon you start to feel that your stash is quite shrunken, and you are then hoping the BTC price comes back down below your selling points in order that you can buy back.

Personally, without actually seeing your specifics, I am thinking that you have developed some fairly decent skills at projecting out various possible BTC price performance scenarios, so you should be able to project out a few different scenarios and be able to find some kinds of balances in order that you are going to feel comfortable with your chosen quantity of BTC sales under those various scenarios and you are NOT going to transform into a kind of desperation state because of selling too much BTC on the way up... If you are not able to project out those kinds of scenarios, then it would seem best to error on the side of selling lower quantities of BTC on the way up... presuming that we go UPpity, at some point.

[philipma1957]

So easy to stop that bs. just stop fucking. no new customers demand decreases problem solved.

Woah woah woah... Lets not throw the bathwater out with the baby here. How about we just provide free contraception, birth control, and abortions instead?

Or at least make one of those stamp cards for abortion clinics... you know, buy 4 abortions and get the 5th for just one dollar.

bjs and muff jobs also work. 

[nullius]

That's OK, we'll live... Congress just can't give money to the people who need it without giving 1,000,000x as much to the wealthiest 1%; its impossible for them... that's just the way that it is. Meanwhile the price of everything has jumped at least 10% this year.  :-\  Another stimulus package would only drive up inflation all the more.

“Stimulus” is Orange Kerensky’s euphemism for what Leninists call “UBI”.

The difference is that Trump is a more cunning Communist.  He works like a drug pusher.  Once the American people get a few hits of “stimulus”, they will be hooked.  Moreover, this stratagem has the benefit that the “fiscally conservative Republicans” will not scream bloody murder—rather like how Obama could arbitrarily murder brown people overseas without the American left making much of a fuss.

Tell me, how many American retirees are not in a state of permanent financial dependency on Social Security, even amongst those with other sources of income?

(The question is rhetorical.  I’m not interested in any response.)

Oh talking about short humanity, look at this:

https://www.wsj.com/articles/cme-nasdaq-to-launch-water-futures-contract-11600853401

So easy to stop that bs. just stop fucking. no new customers demand decreases problem solved.

Or #gohomo.

I couldn’t help but notice that in some regional homosexual subcultures, “breeder” is a slang term for a heterosexual, with the pejorative tinge of a slur.

* nullius wants heirs.

So easy to stop that bs. just stop fucking. no new customers demand decreases problem solved.

Woah woah woah... Lets not throw the bathwater out with the baby here. How about we just provide free contraception, birth control, and abortions instead?

Or at least make one of those stamp cards for abortion clinics... you know, buy 4 abortions and get the 5th for just one dollar.

You, personally, are a disgusting degenerate.

Do you suitably inform females of that attitude of yours before you do anything that has any nonzero probability of causing pregnancy?  If you ever actually do such a thing...  I think that they have a right to know.  (For my part, I will not touch a woman with a ten-foot pole if she has that attitude.  Not even if she’s a supermodel.)

I wrote the above before I saw this, but it’s for you.  Do the world a favour.  Don’t stop fucking:  #gohomo.  And look into “bug-chasing”.  By way of postnatal abortion.


Reviewing all of the above, I think that it is high time for a technocratic conspiracy of robots to kill all humans.  Mercifully.

[nutildah]

The difference is that Trump is a more cunning Communist.  

Oh I get it now, you think everybody is a communist! Sure, we're all on a spectrum from Joe Stalin to Bernie Sanders when it comes down to brass tax (which should be increased BTW).

I couldn’t help but notice that in some regional homosexual subcultures, “breeder” is a slang term for a heterosexual, with the pejorative tinge of a slur.

Similar to how 'little people' will sometimes refer to non-little people as "reachers," as they depend on them to retrieve things placed on high shelves otherwise out of reach. As with all perjoratives, you can decide to find humor in it or to take it personally.

You, personally, are a disgusting degenerate.

Not sure how to take that. Is it meant to be a complement? Surely its not as bad as having a cybersex thread with a minor in the Off Topic section of the forum.

Do you suitably inform females of that attitude of yours before you do anything that has any nonzero probability of causing pregnancy?

Yes, and I make them sign a standard waiver as well. Out of curiosity, do you always refer to women as females? I heard they think that's, like, really hot.

If you ever actually do such a thing...

Can't say that I have. Heard about it though. As the first child born and raised on Antarctica, I grew up in isolation from the female specie, but thanks to my research on the internet I can now pinpoint their physical differences from males with great accuracy. It's a moot point though because my wedding tackle has been thoroughly frostbitten.

(For my part, I will not touch a woman with a ten-foot pole if she has that attitude.  Not even if she’s a supermodel.)

That's OK. Sometimes I get the feeling that's not a problem you have to worry about.