Bitcoin Forum
November 23, 2020, 11:01:37 PM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Poll
Question: When ATH?
Nov. 2020 - 44 (35.5%)
Dec. 2020 - 43 (34.7%)
Jan. 2021 - 12 (9.7%)
Feb. 2021 - 5 (4%)
Mar. 2021 - 5 (4%)
After Mar. 2021 - 15 (12.1%)
Total Voters: 124

Pages: « 1 ... 27211 27212 27213 27214 27215 27216 27217 27218 27219 27220 27221 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 27236 27237 27238 27239 27240 27241 27242 27243 27244 27245 27246 27247 27248 27249 27250 27251 27252 27253 27254 27255 27256 27257 27258 27259 27260 [27261] 27262 27263 27264 27265 27266 27267 27268 27269 27270 27271 27272 27273 27274 27275 27276 27277 27278 27279 27280 27281 27282 27283 27284 27285 27286 27287 27288 27289 27290 27291 27292 27293 27294 27295 27296 27297 27298 27299 27300 27301 27302 27303 27304 27305 27306 27307 27308 27309 27310 27311 ... 27585 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 24377434 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (151 posts by 39 users deleted.)
nullius
Copper Member
Sr. Member
****
Offline Offline

Activity: 448
Merit: 2043


There is only one Bitcoin.


View Profile WWW
September 16, 2020, 08:00:56 PM

You know why an IT company like Snowflake (SNOW) can IPO with a stock price ~$250/share, instead of something like $1/share or even $0.01/share?

Doesn’t the name of the company say it all?


Snowflake investors are smart, mature, individually empowered people with high self-esteems and excellent Mental Health™.  They don’t have their heads in the cloud.  It’s not as if they could get caught up in an avalanche of FOMO, or anything like that.

#thestockmarketisafraud

That, too.

Anyway, isn’t it well-known that many Wall Street types are addicted to SNOW?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1606172497
Hero Member
*
Offline Offline

Posts: 1606172497

View Profile Personal Message (Offline)

Ignore
1606172497
Reply with quote  #2

1606172497
Report to moderator
1606172497
Hero Member
*
Offline Offline

Posts: 1606172497

View Profile Personal Message (Offline)

Ignore
1606172497
Reply with quote  #2

1606172497
Report to moderator
Hueristic
Legendary
*
Offline Offline

Activity: 2548
Merit: 1796


Doomed to see the future and unable to prevent it


View Profile
September 16, 2020, 08:09:49 PM

New poll. Sorry I've been slacking on my WO duties  Kiss



Might have to pull out a rusty pipe for you slacking in them there unpaid duties.
nullius
Copper Member
Sr. Member
****
Offline Offline

Activity: 448
Merit: 2043


There is only one Bitcoin.


View Profile WWW
September 16, 2020, 08:15:04 PM

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
https://www.deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/%3famp=1510623395

Here's a working thread:
https://deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/

Deeponion is a red-tag scam, and I think that I have seen that taxonomy elsewhere; I haven’t tried to track it down, but I doubt that it be original to their forum.
Searing
Legendary
*
Offline Offline

Activity: 2646
Merit: 1359


Clueless!


View Profile
September 16, 2020, 08:18:15 PM

New poll. Sorry I've been slacking on my WO duties  Kiss



We on WO all really know what is going on ...and how you are making the 'big bucks' on here....with the rubber room/whips and the extreme torture

of making folk (for $$$) endure such while making them read aloud all the WO posts as we post on WO in real-time.....

devilishly clever as a torture and S & M business...well played, well played indeed! Smiley

ack!...the horror! ..which reminds me I have to setup my next *cough* appointment. Smiley
Toxic2040
Legendary
*
Offline Offline

Activity: 980
Merit: 1925



View Profile
September 16, 2020, 08:24:46 PM

New poll. Sorry I've been slacking on my WO duties  Kiss



We on WO all really know what is going on ...and how you are making the 'big bucks' on here....with the rubber room/whips and the extreme torture

of making folk (for $$$) endure such while making them read aloud all the WO posts as we post on WO in real-time.....

devilishly clever as a torture and S & M business...well played, well played indeed! Smiley

ack!...the horror! ..which reminds me I have to setup my next *cough* appointment. Smiley



JayJuanGee
Legendary
*
Offline Offline

Activity: 2450
Merit: 3458


How much alt coin diversification is needed? 0%?


View Profile
September 16, 2020, 08:26:32 PM


moonshot 14k by oct 1

and ath soon after.


I thought about this a lot. And i am pretty sure that is going to happen.

Don't tell me that your thoughts are able to predict the future.  I am not going to believe it.    Tongue

[ edited out]

I trust this prediction, @philipma1957
..so that segwit wasn't the end of btc, after all Wink

My take: short term traders will push btc up 40-50% pretty soon with a plan to then switch over to 'another coin' and ride the up wave another 50%. I don't particularly care about this strategy...staying put, but the outlined scenario would likely to happen (either fully or to a degree).

You have a similar outline in your thinkenings.  Shocked

Must be dee true, den.
bkbirge
Sr. Member
****
Offline Offline

Activity: 952
Merit: 440



View Profile
September 16, 2020, 08:30:34 PM
Merited by JayJuanGee (1), LFC_Bitcoin (1)

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC

philipma1957
Legendary
*
Offline Offline

Activity: 2856
Merit: 2836



View Profile
September 16, 2020, 08:32:30 PM


moonshot 14k by oct 1

and ath soon after.


I thought about this a lot. And i am pretty sure that is going to happen.

Don't tell me that your thoughts are able to predict the future.  I am not going to believe it.    Tongue

Yes they can and very often do so. I know it is hard to believe so I don't talk about it a lot as most people would think I am kidding or I am crazy.

In this case I am simply giving all on the thread a chance to load up.

  Especially proudhon this post is dedicated to him with an honorable mention to mindrust as they both could make some nice profit here.
aesma
Hero Member
*****
Offline Offline

Activity: 1246
Merit: 619


fly or die


View Profile
September 16, 2020, 08:35:37 PM

https://www.youtube.com/watch?v=WrR95PFYDFQ Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet

really fascinating stuff

Fast forward to 22:30 if you want to hear his explanation of why he tweeted against Bitcoin in 2013 vs. now.

Basically he says "I really don't remember tweeting it then. Yes, I'm an idiot."  Cheesy

I also stand corrected, he mentions building up $600M cash reserve on the balance sheet over the years. Wow. That's being super frugal as a small company.  Shocked

@45:30 he discusses finally "getting Bitcoin".

So his company has all this cash in the bank, and he starts seeing inflation and zero interest rates eating it away (7-8% per year). That was his impetus for swapping the cash balance for Bitcoin. Interesting. Smart.

At an average of 100$ in 2013 he could have saved his company 470$ millions ^^
vapourminer
Legendary
*
Offline Offline

Activity: 3066
Merit: 1698


what is this "brake pedal" you speak of?


View Profile
September 16, 2020, 09:10:03 PM

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC


mindrust fish = used to have btc
nullius
Copper Member
Sr. Member
****
Offline Offline

Activity: 448
Merit: 2043


There is only one Bitcoin.


View Profile WWW
September 16, 2020, 09:11:08 PM
Last edit: September 16, 2020, 09:35:54 PM by nullius
Merited by JayJuanGee (1)

At an average of 100$ in 2013 he could have saved his company 470$ millions ^^
could have

Hey.  At negligible extra electricity cost on computers running anyway, I “could have” made more than that (anonymously!) by idle-mining a mere 855 blocks back in 2009–10.  Figuring at current USD/BTC rates—on a total HoDLing that “would have” exceeded MicroStrategy’s current total acquisitions.

So many people “could have”!

Hindsight, etc.

So, Saylor is now doing what he can do now.  So am I.  So are you.

Basically he says "[...] Yes, I'm an idiot."  Cheesy

[...] @45:30 he discusses finally "getting Bitcoin".

Edited to add:

Many people missed out just by not paying attention.  (For my part, I don’t want to say exactly when I became conscious of Bitcoin—but I was aware of the cryptography list, and an occasional lurker there.  Thus, I “could have” even been in Bitcoin from 2009-01-03—while we are on the subject of “could have”.)

To have idle-mined even one block, and just backed up the keys (an easy concept for anyone familiar with PGP, etc.), would now be worth $550k.  And growing.  For a cost that would have been, as a practical matter, effectively zero.  Even those who saw Bitcoin as a toy “could have” hedged that way—just in case it turned into something valuable.

Everybody in the world potentially has a “could have” story here.  So, Saylor’s is that his company could have bought the same amount of Bitcoin for $470m less.  Eh.  Big deal.  He didn’t do it.
xhomerx10
Legendary
*
Offline Offline

Activity: 2576
Merit: 3382


Go! BTC Go!


View Profile
September 16, 2020, 09:38:22 PM

Oh, I could do more.  I could probably eat every other day, sell the car, sell the home, live in a tent and cycle to work.
Hmmm...
aesma
Hero Member
*****
Offline Offline

Activity: 1246
Merit: 619


fly or die


View Profile
September 16, 2020, 09:40:16 PM

Yeah I also heard about it (or rather read something on the internet) early on but I didn't open that link, or maybe I opened the tab but saved it for later... When I finally got to it it was about 350$, still cheap, however I was poor back then, on benefits in fact, so not ideal to buy a bag.

Depending on where the price is going in the next decade or two, I could still have a life changing amount.

Of course for Saylor it's not life changing either way.

edit : the worst part is that from my teen years end of the 1990s up to 2013 I was running a couple of CPUs and GPUs on SETI@home, and when at school I installed that on dozens of computers... Not that I regret doing SETI, it's still what led me to mining, but what I was doing was so close to mining already !
JayJuanGee
Legendary
*
Offline Offline

Activity: 2450
Merit: 3458


How much alt coin diversification is needed? 0%?


View Profile
September 16, 2020, 11:06:11 PM
Last edit: September 16, 2020, 11:30:48 PM by JayJuanGee

Wow... The price seems to have held up really well over 11k even through some pretty heavy selling over the previous hour.  The buyers are definitely there at 11.  Interesting.

Very interesting indeed.



Must be more buyers than sellers.  



I don't know.

Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets? Risk of ban will get smaller and smaller when more listed companies follow MSTR.

https://twitter.com/100trillionusd/status/1306119800255639559?s=21

If Apple and Microsoft announce a long term holding position in BTC

Along with Samsung ,AMD and Nvidia.

500k a coin could happen.

Something to dream about.

I am sorry to be such a miserable pleb.  But I really need that to happen.  My job is killing me today.  It is sucking the soul out of me through my ass and grinding it into a fine pulp.  And I have never been a trader, and am probably almost as good at the titanium plates exercise as Bob, and have lived through all the booms and busts, and have very rarely complained.

But I might not be able to make it to the moon.  I can't take much more than this.  I think I am going to either go insane and end up on the news, and in jail or dead, or just in the water under some tall bridge.

I know money does not buy happiness.  In fact it sort of seems like it might challenge it, lol.  But it *DOES* allow one to stop being a slave making someone else money.


What is your fuck you level that you would need?  $6million, like Biodom?

At $500k per coin, you would need 12 coins bare minimum, but recently, I had been suggesting that it is better to use the 200 Week moving average as the calculator for whether you have reached fuck you status.. assuming that you can project what level you need.

The 200 week moving average is moving up pretty quick, it is like $100 to $200 per week, and currently it is at about $6,700.. so that would be good for some peeps with at least 298.5 coins.  I have been using $2 million as a good approximation of fuck you status.. perhaps 10 years ago, $1 million could have been sufficient, but times have changed a bit.

Of course, if we were to go up to $500k quickly, there is no way in hell that the 200 week moving average would catch up very quickly... especially since the 200 week moving average represents approximately a  4 year average (on the weekly candle).

Even if it took 4 years to go from here to $500k, probably the moving average would still be somewhere in the middle, if NOT a bit on the lower side of the middle, so anyhow, I am still currently thinking that giving bitcoin's ongoing volatility and ongoing likelihood to continue to be volatile, we need to use something like the 200 week moving average to figure our bottom - of course, unless we are completely cashing out of BTC, and personally, I do not recommend that kind of nonsense.

I am sorry to be such a miserable pleb.  But I really need that to happen.  My job is killing me today.  It is sucking the soul out of me through my ass and grinding it into a fine pulp.  And I have never been a trader, and am probably almost as good at the titanium plates exercise as Bob, and have lived through all the booms and busts, and have very rarely complained.

But I might not be able to make it to the moon.  I can't take much more than this.  I think I am going to either go insane and end up on the news, and in jail or dead, or just in the water under some tall bridge.

I know money does not buy happiness.  In fact it sort of seems like it might challenge it, lol.  But it *DOES* allow one to stop being a slave making someone else money.

How much fiat do you need to take out during the expected parabolic stage next year?

$2,000,000 - $3,000,000?

Money doesn’t buy happiness but it gives you options. Being broke doesn’t make you happy either.

That is a decently BIG question.  Personally, I would expect that the amount that any of us might take out should not exceed what we would need within the next 3-4 years, and that would be extreme... Of course, if there is some kind of BIG expense item, then that would end up skewing the amount with a lump sum amount too.. and I suppose that is precalculated to be a reasonable amount of withdrawal.   

Personally, I would be willing to keep more in bitcoin and maybe if nervous take out 2-3 years worth of living expenses rather than a BIGGER chunk.

I have not completely thought about these kinds of withdrawals because my expected strategy was going to continue to be to merely take out between 1-3 months at a time, as needed... but I can see why it might be practical to take out up to two years at a time..

I will have to give some further thoughts to these ideas a bit more when I start to think about withdrawing more.. and sure there is some potential need to think about cashflow considerations for 2-4 years in advance and perhaps longer.. but I am thinking that if the cashflow horizon is 4 years or more, then why not just keep that portion in BTC and let BTC do its thingie-ma-jiggie, whatever that might be, but I am personally thinking that i don't even really feel any need to take out great quantities in this particular upcoming 4-year cycle. 

Will I regret it?  Not sure.  Might be worth some potential tweakening thoughts.
sirazimuth
Legendary
*
Offline Offline

Activity: 2100
Merit: 1679


born once atheist


View Profile
September 16, 2020, 11:34:13 PM
Merited by JayJuanGee (1), Last of the V8s (1), Icygreen (1)

....
Everybody in the world potentially has a “could have” story here.  ....
you got that right dude....

coulda woulda shoulda...
Held my tesla stock I bought at $40.

coulda woulda shoulda...
Held all the free litecoins I won in a contest.

coulda woulda shoulda...
Held all the darkcoin I mined.

coulda woulda shoulda...
Bought a house before 2008 meltdown.

coulda woulda shoulda...
Invested that $50 in bitcoin around 2010 when I stumbled upon the website, instead of giving up and thinking it's just a scam.

coulda woulda shoulda...
Never started drinking.

coulda woulda shoulda...
Never touched drugs.

coulda woulda shoulda...
Never wasted my time at college.
(well I did learn how to support myself without sponging off mommy and daddy by selling weed, so there is that)

coulda woulda shoulda...
Learned to code  (beyond G code)

coulda woulda shoulda...
Practiced guitar more instead of just fun strumming silliness.

coulda woulda shoulda...
Followed my instincts and never trusted the asshole who pulled a knife on me and served 10 years.

coulda woulda shoulda...
Saved my closest friend, musical genius/bandmate of 30 years from putting a bullet in his head.

Hindsight is always 20/20.

You move on....
savetherainforest
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 520


Plant 1xTree for each Satoshi earned!


View Profile
September 17, 2020, 12:03:33 AM

WO Recap without any bias...
[...]
-Lambie bambie is alive.
[...]
-JJG going off topic - keywords; Dip, Stack, DCA, Buy order, But, If, likely-


- Good to see we still got some good old fashion FUD bimbo hanging around. Maybe she bought some coin now she feeling confident. Smiley

- I often wonder if JiJiGi ... is some iLLuminati bullsh!t cryptic singer of encrypted text in his long tedious messages. And when he actually writes short stuff he actually goes off-topic from his personal agenda of speaking to the masses of his lodge. Smiley Cheesy Cheesy
JayJuanGee
Legendary
*
Offline Offline

Activity: 2450
Merit: 3458


How much alt coin diversification is needed? 0%?


View Profile
September 17, 2020, 12:07:55 AM

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC

For now that seems to be adequate, but surely, I am thinking that soon we might need more specificity in the sub .01 BTC arena.

At the moment, .01BTC is still approaching $110, and even now, there are folks with lower BTC balances, and sure in the future, if we do another 10x (to $100k per BTC) or even 100x (to $1 million per BTC), there are likely going to be emerging hierarchies with the sub .01 BTC territory. 

I will concede that we could probably cross that scalability list when getting there, even while considering that at some point in the future, soontm, maybe the whole list will need to be re-thunk?
Biodom
Legendary
*
Offline Offline

Activity: 2506
Merit: 1642



View Profile
September 17, 2020, 12:10:02 AM


What is your fuck you level that you would need?  $6million, like Biodom?


er, it is what you calculated/implied from the $150k/year to "live OK in my area" that I provided.
It is just a matter of living in our city, not that i spend too much on nonsense.
I am sure that I know of a few places where I can live very well on a quarter of this, but why fantasizing about "fu status" and only talking about "fu" in some cheaper country and/or smaller cities and or rural areas?

I'll up the ante and say that, actually, 250K/year is more like it (for "fu") or $7.5mil if it is realistic or even possible to live 30 years more.
If 40 years, then it is $10mil, lol.
savetherainforest
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 520


Plant 1xTree for each Satoshi earned!


View Profile
September 17, 2020, 12:14:41 AM
Last edit: September 17, 2020, 12:31:52 AM by savetherainforest


What is your fuck you level that you would need?  $6million, like Biodom?


er, it is what you calculated/implied from the $150k/year to "live OK in my area" that I provided.
[...]


But why not just start a business and force everyone to pay you in crypto?  Roll Eyes
Something trivial but always necessary, like a plumbing company. Smiley

Or maybe you can start a hobby like gardening to cut costs? (Also they taste better Smiley )

philipma1957
Legendary
*
Offline Offline

Activity: 2856
Merit: 2836



View Profile
September 17, 2020, 12:19:40 AM


What is your fuck you level that you would need?  $6million, like Biodom?


er, it is what you calculated/implied from the $150k/year to "live OK in my area" that I provided.
It is just a matter of living in our city, not that i spend too much on nonsense.
I am sure that I know of a few places where I can live very well on a quarter of this, but why fantasizing about "fu status" and only talking about "fu" in some cheaper country and/or smaller cities and or rural areas?

I'll up the ante and say that, actually, 250K/year is more like it (for "fu") or $7.5mil if it is realistic or even possible to live 30 years more.
If 40 years, then it is $10mil, lol.

Yeah if you live in my suburb and own the house out right. With it paid off and a new car paid off.  you still need 100k a year pretax to be okay.

with the assumption health insurance does not get stupid expensive.

I am 63 my wife is 64.  So 30 x 100k = 3 million pretax I would be good.

So if my coins became 6,000,000 I would sell 1/2 pay the tax and hodl 1.8 million cash along with 3 million in coin.

Problem is I doubt my coins go to that value. ( ie don't have 12btc on hand)
Pages: « 1 ... 27211 27212 27213 27214 27215 27216 27217 27218 27219 27220 27221 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 27236 27237 27238 27239 27240 27241 27242 27243 27244 27245 27246 27247 27248 27249 27250 27251 27252 27253 27254 27255 27256 27257 27258 27259 27260 [27261] 27262 27263 27264 27265 27266 27267 27268 27269 27270 27271 27272 27273 27274 27275 27276 27277 27278 27279 27280 27281 27282 27283 27284 27285 27286 27287 27288 27289 27290 27291 27292 27293 27294 27295 27296 27297 27298 27299 27300 27301 27302 27303 27304 27305 27306 27307 27308 27309 27310 27311 ... 27585 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!