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

[bitserve]

please do. will it be a "sod off" announcement and split immediately or will he give the traditional two weeks notice (or whatever).

It's going to take Rick at least a couple months to transition away cleanly.

Presently looks like he's targeting end of February for retirement, to coincide with a final round of stock vesting.

It'll be done completely above board and professionally.

Congrats to you both! Achievement unlocked! Even if Bitcoin price will keep surging... you bought TIME which is another (even more) scarce thing.

Now enjoy life with Rick, and also the exciting Bitcoin journey with your remaining stash in the years to come.

Cheers!

[rdbase]

....and yes: poor mindrust!    

You got that right.
Sorry lol

Actually he still active around the forum??

https://bitcointalk.org/index.php?action=profile;u=176777

Well yeah,
He has a signature to uphold for a gambling site.
Just because he is getting ostracized on the WO thread doesn't mean he can't use the rest of what it has to offer.
I would post the "Never go full..." Robert Downey Jr. in el noir face to follow up on this but I am not that cruel.

Also congrats to Bob & Rick.
From what I remember being in this thread for not so long (almost 1.5 years now) I don't think I've seen Rick before. Was he the one holding the avatar of Pickle Rick on his hat?  

Dear Wise Wall:  How the fuck did this clown get merit source status?
-snipped-
Edit:  Fixed typo.

He has russian connections.
Didn't you know? They run this mutha!

Typo? Oh the world is at an end.

[FullNode]

It's true, time doesn't have a price,If I could I would do the same as them

[FullNode]

Grayscale Rakes in More Than $115 Mln in Bitcoin in One Day

https://u.today/grayscale-rakes-in-more-than-115-mln-in-bitcoin-in-one-day

Here’s Why Stone Ridge Bought 10,000 Bitcoin ($162 Million)
The co-founder of Stone Ridge explains his fascination with Bitcoin and why his company bought $162 million worth of it.

https://decrypt.co/48137/heres-why-stone-ridge-bought-10000-bitcoin-162-million

[philipma1957]

I've always thought, that if I retired, I'd probably need to maintain at least double my salary coming in just to pay for all the things I'd need to do to stop me getting bored out of my mind.
That being the case, I'm not going to retire anytime soon, even if Moon^TM.

my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins.

and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that).

ive never understand how someone can get bored.

yeah have to agree with you on bolded part of the quote.

[BobLawblaw]

I don't think I've seen Rick before. Was he the one holding the avatar of Pickle Rick on his hat?  

Rick has never posted here.

He has threatened to create an account several times.

Maybe when he retires, finally

[btcbeliever]

...
I feel obliged to come to the defence of English teeth, which tend to be in generally good condition. However, I was shocked to see the state of teeth in Scotland and Ireland during visits - appalling. Unfortunately, they give the entire British Isles an undeserved reputation for poor teeth, when it is in fact the Celtic nations which deserve the reputation. Perhaps Celts have a genetic disposition towards poor teeth? The Scottish diet is also horrific, so perhaps another correlation. Athough, the numbers of those with particuarly crooked teeth (which can be easily fixed at adolescence) in Scotland suggests it might be down to parental and societal apathy....
...

https://www.ericdavisdental.com/facial-orthotropics-for-your-child/why-raise-unhealthy-children/how-our-ancestors-formed-full-faces-and-straight-teeth/

[JayJuanGee]

careful now... showy mountaintop ahead...

Even if BTC prices fail  to go above December 2017 levels by this December, there is no such 3 year fractal pattern in bitcoin...

Bitcoin happens to have a 4-year-ish fractal pattern, so there happens to be a whole another year to get above that there mountaintop...

What will actually happen, may well be another story.....

[cAPSLOCK]

I don't think I've seen Rick before. Was he the one holding the avatar of Pickle Rick on his hat?  

Rick has never posted here.

He has threatened to create an account several times.

Maybe when he retires, finally

He would get a hero's welcome.  I imagine it could be a little much.

[JimboToronto]

Good morning Bitcoinland.

Still hanging tough over $16k... currently $16195USD/$21320CAD (Bitcoinaverage).

Nice and steady. Go Bitcoin go.

Today was a good day

Rick is officially planning his exit/retirement tonight

Congrats. Welcome to the cub Rick.

Hopefully he's seen enough of Bob's early retirement to avoid the common traps of having much more time and much less routine.

This why early retirement should be done as young as possible. The fewer established routines, the less stress upon retirement. Maintaining a business or two is actually good for a retirement unless you allow it to stress you.

Enjoy job emancipation.

[FullNode]

Just a scenario .. unlikely, but not impossible

https://twitter.com/100trillionUSD/status/1326948877019324423

Needs an illustration of this would look like if Americans had any style, which they don’t.

I hope that the new QE Infinity® printers will let people produce $100 trillion banknotes of such elegance from the safety of their prisons “homes”.

For you Americans, “Hundert Billionen” means what you would call 100 trillion-with-a-T:

Anyway, hyperinflation is ugly.

German Papiermark

https://en.wikipedia.org/wiki/German_Papiermark
When I published the graph I was reading some of this, to understand a little the graph Plan B, terrible where hyperinflation arrived

[Torque]

Grayscale Rakes in More Than $115 Mln in Bitcoin in One Day

https://u.today/grayscale-rakes-in-more-than-115-mln-in-bitcoin-in-one-day

"According to their recent report, in Q3 this year, Grayscale had approximately $1.05 bln in crypto. However, this figure skyrocketed to $7 bln in a short time after that.

In Q3, the company had laid its hands on 77 percent of all BTC mined during that time."

So Barry is the bull whale who has been sucking up everything? Who knew?

[FullNode]

Grayscale Rakes in More Than $115 Mln in Bitcoin in One Day

https://u.today/grayscale-rakes-in-more-than-115-mln-in-bitcoin-in-one-day

"According to their recent report, in Q3 this year, Grayscale had approximately $1.05 bln in crypto. However, this figure skyrocketed to $7 bln in a short time after that.

In Q3, the company had laid its hands on 77 percent of all BTC mined during that time."

So Barry is the bull whale who has been sucking up everything? Who knew?

https://bitcointreasuries.org/

[CryptoYar]

I voted for $20,000 

[gembitz]

21k BTC weeeeeeeeeeeeeee  gogogoggg//^$$$

 

[Paashaas]

Institutional technicians (Citi) are now publishing bull-porn charts with $300k+ 2021 targets.

https://twitter.com/BitcoinMunger/status/1327300143104798720

[Biodom]

Re btc in retirement funds-eu has XBT provider (bitcoin tracker one)-I managed to buy it in Fidelity Roth IRA, but it is completely illiquid in US because of some SEC complains.
A few months ago decided to put 50% of one Roth IRA account into GBTC+whatever I had in bitcoin tracker one (not much).
Why not? Many people thought the same, probably, hence the increase in Barry's fund from 1bil to 7 bil and growing fast.

Re retirement per se, here are my 2c:

Providing that btc "behaves" like a good bull this year, I am thinking of instituting a "dialed down" work.
Thankfully, I can do it at my work place-at first, reduce by 44% with salary decrease of only 26%, then, next year, start taking a whole summer off, another 23% hit.
In the end, I will be making about 60-61% while working much less and taking all-summer vacations.
All I would need to do is to supplement that 40% that would be missing, which is much easier than to finance the whole retirement Bob's style.

[Torque]

OT: [Arnold voice] Ha ha ha Dave Portnoy, what an id-ee-iot! Ha ha ha

https://decrypt.co/48160/two-big-investors-who-sold-their-bitcoin-would-be-up-40-today

[JayJuanGee]

Re btc in retirement funds-eu has XBT provider (bitcoin tracker one)-I managed to buy it in Fidelity Roth IRA, but it is completely illiquid in US because of some SEC complains.
A few months ago decided to put 50% of one Roth IRA account into GBTC+whatever I had in bitcoin tracker one (not much).
Why not? Many people thought the same, probably, hence the increase in Barry's fund from 1bil to 7 bil and growing fast.

Re retirement per se, here are my 2c:

Providing that btc "behaves" like a good bull this year, I am thinking of instituting a "dialed down" work.
Thankfully, I can do it at my work place-at first, reduce by 44% with salary decrease of only 26%, then, next year, start taking a whole summer off, another 23% hit.
In the end, I will be making about 60-61% while working much less and taking all-summer vacations.
All I would need to do is to supplement that 40-45% that would be missing, which is much easier than to finance the whole retirement Bob's style.

I am glad that you, Biodom, are being somewhat creative with your way of looking into these kinds of matters.

So, in accordance with your recent calculations and some of our previous conversations, you should ONLY need around $2.4 to $2.7 million (40-45%-ish) in principle rather than the $6 million that you had mentioned - making the amount of principle a wee bit more reachable.

I see that currently, BTC's 208-week moving average are approaching $7k, so as I type, to be conservative and prudent, a $2.4 to $2.7 million in principle would ONLY require 342.86 to 385.715 BTC to meet your maintenance of current lifestyle expectations. 

On a positive note, many of us should be expecting the 208-week moving average to continue to move up in the coming years - especially given current BTC prices, recent BTC price performance and some of the expectations around BTC price performance (including the various legitimate BTC price models, which seem to be largely playing out within previous/recent expectations).  Another possibility could be to shave off some BTC at prices that are much higher than 208-week moving average prices in order to NOT have so much of the expectations in BTC.. but then you would  be stuck with attempting to maintain that principle in other assets... currently, that shaving off would only require 147.24 to 165.65 BTC (based on current $16,300 BTC prices), and surely that would be risky to shave off all of the BTC in order to ensure adequate principle, even though some combination of approaches could be doable - depending on the size of your BTC stash - which would then bring you to some variation of Bob's approach in terms of cashing out some reasonable portion rather than all of your BTC stash.

[Torque]

OT: The MSM has done such a mind-fuck on the public with regard to Bitcoin being a "scam", that even high net worth investors/share holders are squeamish about the optics around prudent Bitcoin investment.

https://old.reddit.com/r/Bitcoin/comments/jtekcz/investing_companies_afraid_to_admit_they_like/

If they feel that way, imagine what the majority of Average Joes feel about Bitcoin. Ugh. Fkn media.