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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25492966 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. (158 posts by 14 users with 9 merit deleted.)
ChartBuddy
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October 19, 2021, 06:01:32 PM


Explanation
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Reply with quote  #2

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cygan
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in crypto we trust💎🖐start hodl.exe


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October 19, 2021, 06:03:55 PM
Merited by El duderino_ (5), JayJuanGee (1)

BlackHatCoiner
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In maths we're familiar with.


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October 19, 2021, 06:09:04 PM

Reaching new milestones soon.

Price:


ATH:
HI-TEC99
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October 19, 2021, 06:31:55 PM
Merited by El duderino_ (5)

gembitz
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October 19, 2021, 06:34:33 PM



YOU KICKED MY DOG!  Grin Cheesy Cry  OOOOF
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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October 19, 2021, 06:35:41 PM

euro next? old ATH 54203 Euro on bitstamp. just 600 euro away.

ATH just under 54200 € on Kraken.

It's happening tonight.

I don't see it

Oh look our bullish indicator has popped up!

hahahahaha

Proudhon confirms that if we might have doubts about our bitcoin investment, he surely is letting us know that we are in the right investment.. and causing no coiners to cry on a daily basis..

Just think about his bitcoin is a bubble song from early 2013.. in retrospect it seems like a no coiner crying song.. and sure his real message in there (especially looking at the end) shows bitcoin going to $1million but the bears crying the whole time... so surely proudhon is ongoingly representing/channeling that bear cry and the cry of the no coiner.. so it is quite entertaining to see the no coiner tears throughout that song... and to appreciate that at some point. the bears and the nocoiners should have figured out the matter, especially if they were to put together a song/video on the topic.

wink wink.. "hi proudhon, you lovely at least double-blind donkey."

OutOfMemory
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October 19, 2021, 06:45:38 PM

Hoe much did you have to "invest" in your node to "earn" ~+$2k USD, and how long did it take?

Playing with 4BTC total liquidity. Built up to that over a month. Not inclined to add another coin to the node at this point. Think I've provided enough liquidity for now. Can't be sure how I ended up on the BOS List, either, TBH...

Dumb question:
So you mean i can rent a 40-bucks-per-month linux VM with 2TB hdd space at some random hoster, set up a full and lightning node over tor and i'm a node operator?
I only require to make $40 in fees (minimum) to finance the vm.
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October 19, 2021, 06:48:45 PM

It's happening...  Cool

SELL FARM, WIFE, CHIKUNZ = BTCUY CORN  Grin  YEEEEEEEE WOOT

good one Smiley
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October 19, 2021, 06:57:08 PM

euro next? old ATH 54203 Euro on bitstamp. just 600 euro away.

ATH just under 54200 € on Kraken.

It's happening tonight.

I don't see it

Oh look our bullish indicator has popped up!

hahahahaha

Proudhon confirms that if we might have doubts about our bitcoin investment, he surely is letting us know that we are in the right investment.. and causing no coiners to cry on a daily basis..

Just think about his bitcoin is a bubble song from early 2013.. in retrospect it seems like a no coiner crying song.. and sure his real message in there (especially looking at the end) shows bitcoin going to $1million but the bears crying the whole time... so surely proudhon is ongoingly representing/channeling that bear cry and the cry of the no coiner.. so it is quite entertaining to see the no coiner tears throughout that song... and to appreciate that at some point. the bears and the nocoiners should have figured out the matter, especially if they were to put together a song/video on the topic.

wink wink.. "hi proudhon, you lovely at least double-blind donkey."



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October 19, 2021, 07:00:46 PM


Whilst there is a delay in the action – a quick personal story…

The company I work(ed) for changed to a different retirement account custodian.  This change also caused us employees to lose our ability to select/trade stocks with our 401 and Roth funds.  Now ALL of your savings had to go into one of the custodial savings funds (made up of a basket of crappy stocks/bonds).
I had a nice nest egg that I have been saving for over 30 years in this program just waiting for the ETF and the chance to take my savings to the “next level”.    Of course I was anticipating this ETF from the day the Winkle boys first applied.   I did put a large portion of my savings into the Grayscale products and that was nice – for a short duration.
My company/custodian forced us to liquidate our brokerage selections and move into the pre-selected death spiral funds.   Of course this happened this summer when the dip occurred and I got wrecked with the move.
With the most certain bull run that was coming I really only had two choices.
1. withdraw all the retirement savings and pay the early penalty
2. quit the company – thus allowing the funds to be freed for a short stint while I shop for a new custodian (the IRS gives you 60 days to re-invest into a new qualified instrument).

I quit my job, took the retirement funds and am riding the wave for 60 days.  It has already paid for a couple years salary.  

Fingers crossed – breath held.
In the infamous words of the ESPN Ocho announcer Pepper Brooks  “It's a bold strategy, Cotton. Let's see if it pays off..”

You are correct that it is a risky... strategy.. and another option would have been to take a loan from your 401k or to invest into bitcoin in separate funds.. but sure, maybe your 401k loan limit is quite low and sure maybe you do not have enough separate funds to make any kind of meaningful and significant investment into bitcoin.. so it does seem that you have given a decent amount of assessment of the risks (maybe not enough of an assessment, but you do not seem to be flying blind).. which is about as much as anyone can hope for under such desperate (seemingly highway robbery-like circumstances).

By the way, EatonABooger if you have not already gotten back into BTC with your 401k funds, then where are you with that?  You can do self-directed, but that usually would have required setting something up in advance (before quitting your job) and then you can get the 401k funds and then invest them through your self-directed system... otherwise, if you are just riding out the 60-days then it appears that you are going to have to pay the penalty (10%-ish) (and perhaps the taxes) if you do not find a authorized new custodian, no?  Might be better to completely take the funds if BTC performs well enough, too... Maybe you got into BTC in the $40ks or $50ks with those retirement (401k) funds?
ChartBuddy
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October 19, 2021, 07:01:24 PM


Explanation
BobLawblaw
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Welcome to Costco. I love you.


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October 19, 2021, 07:12:41 PM

Dumb question:
So you mean i can rent a 40-bucks-per-month linux VM with 2TB hdd space at some random hoster, set up a full and lightning node over tor and i'm a node operator?
I only require to make $40 in fees (minimum) to finance the vm.

You could try?

Honestly not sure how to answer that. I'm doing a lot of active channel management on the node, on a daily basis.
serveria.com
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Balls of steel. This time is different.


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October 19, 2021, 07:23:09 PM

Closing in on ATH girls  Cool around 1k to go...
OutOfMemory
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October 19, 2021, 07:24:12 PM
Merited by JayJuanGee (1)

Dumb question:
So you mean i can rent a 40-bucks-per-month linux VM with 2TB hdd space at some random hoster, set up a full and lightning node over tor and i'm a node operator?
I only require to make $40 in fees (minimum) to finance the vm.

You could try?

Honestly not sure how to answer that. I'm doing a lot of active channel management on the node, on a daily basis.

From what i've learned about these nodes is that you have to do a lot of active channel management to make it serve in a profitable way, among other things like practical understanding. It's not suitable for set-and-forget operation, imo.
Need to ask somewhere else on this forum for rented vm experiences. I just don't have the right infrastructure/isp to run a node privately at home 24/7, also i suffer from at least 3 power outages each year. The longest duration off grid was 9 hours. Neighbors, who are supplied by landlines coming from a different city were off grid for two full days when the power poles collapsed in a row after the cables were torn apart by a falling tree. It creates a kind of "pulling-force wave" in both directions from the breaking location.
bitcoinPsycho
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THE NEXT 2.4 YEARS ARE CRITICAL🍄💊


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October 19, 2021, 07:24:26 PM

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Financial aid for users: https://bit.ly/2SMY8gi


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October 19, 2021, 07:25:21 PM
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October 19, 2021, 07:37:16 PM
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https://www.documentcloud.org/documents/21085729-ag-1359255-irs%5C_rule%5C_bank%5C_account%5C_reporting

Quote
We, the undersigned Attorneys General, write on behalf of our respective states regarding the current Internal Revenue Service (IRS) proposal that your administration is advocating, which would provide the federal government with access to nearly every American’s bank account and financial transaction information.1 As the chief legal officers of our states, we find this proposal wholly unacceptable and oppose any requirement of its kind. It is at best overly burdensome and at worst it is illegal. As such, we ask you to rescind this proposal immediately.

Quote
This proposal stands in direct opposition to privacy that Americans are entitled to and deserve. The Federal Government combing through almost every American’s bank account without cause, or even suspicion, is unacceptable, illegal and contrary to the well-founded constitutional principles against illegal searches and seizures.

Quote
The primary role of the government is to protect person and property, and it is our duty to protect the people of our states, which is why we oppose this reckless abuse of federal power. Americans are justifiably outraged by this policy and see it as illegal, intrusive, wholly unnecessary and costly.
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October 19, 2021, 07:41:04 PM



The momentum is great. We needed to break $60k several times to stay on top of it before china got out. This time we just went through the magic number barrier in a matter of a few days and we're still rising.
Thrilled what will happen at/after breaking ATH...


*rocketgif*
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October 19, 2021, 07:42:42 PM
Merited by vapourminer (4), JayJuanGee (1), Mbitr (1)


Whilst there is a delay in the action – a quick personal story…

The company I work(ed) for changed to a different retirement account custodian.  This change also caused us employees to lose our ability to select/trade stocks with our 401 and Roth funds.  Now ALL of your savings had to go into one of the custodial savings funds (made up of a basket of crappy stocks/bonds).
I had a nice nest egg that I have been saving for over 30 years in this program just waiting for the ETF and the chance to take my savings to the “next level”.    Of course I was anticipating this ETF from the day the Winkle boys first applied.   I did put a large portion of my savings into the Grayscale products and that was nice – for a short duration.
My company/custodian forced us to liquidate our brokerage selections and move into the pre-selected death spiral funds.   Of course this happened this summer when the dip occurred and I got wrecked with the move.
With the most certain bull run that was coming I really only had two choices.
1. withdraw all the retirement savings and pay the early penalty
2. quit the company – thus allowing the funds to be freed for a short stint while I shop for a new custodian (the IRS gives you 60 days to re-invest into a new qualified instrument).

I quit my job, took the retirement funds and am riding the wave for 60 days.  It has already paid for a couple years salary.  

Fingers crossed – breath held.
In the infamous words of the ESPN Ocho announcer Pepper Brooks  “It's a bold strategy, Cotton. Let's see if it pays off..”

You are correct that it is a risky... strategy.. and another option would have been to take a loan from your 401k or to invest into bitcoin in separate funds.. but sure, maybe your 401k loan limit is quite low and sure maybe you do not have enough separate funds to make any kind of meaningful and significant investment into bitcoin.. so it does seem that you have given a decent amount of assessment of the risks (maybe not enough of an assessment, but you do not seem to be flying blind).. which is about as much as anyone can hope for under such desperate (seemingly highway robbery-like circumstances).

By the way, EatonABooger if you have not already gotten back into BTC with your 401k funds, then where are you with that?  You can do self-directed, but that usually would have required setting something up in advance (before quitting your job) and then you can get the 401k funds and then invest them through your self-directed system... otherwise, if you are just riding out the 60-days then it appears that you are going to have to pay the penalty (10%-ish) (and perhaps the taxes) if you do not find a authorized new custodian, no?  Might be better to completely take the funds if BTC performs well enough, too... Maybe you got into BTC in the $40ks or $50ks with those retirement (401k) funds?

1. quit job   >>  check
2. take the 100% cash-out option (except for the 20% that the custodian is required to hold back for taxes - in case I do not roll back into a plan) >>  check
3. immediately invest into BTC / ETH  >> check
4. wait out the 60 days and let the market "hopefully" moon  >>  in process
5. cash out BTC/ETH and put the funds equivalent to those in step 2 back into a qualified retirement plan that allows brokerage options (letting me pick almost anything that is on the exchanges)
6. invest the retirement funds back into Greyscale and new ETF products
7. report back to nice folk at W.O. forum with results.
8. pick out party attire for the 100K hoot nanny

Note: yes, there will be taxes on short term gains
Note: yes, one could just bail on the plan and leave the funds in BTC / ETH depending on how the market behaves - will have to look at pro/con
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