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

[BitcoinBunny]

@philipma1957

Had to think of you.

30 mixed sized eggs from an upmarket supermarket was in our big monthly delivery.

£5. Thought that was an eggs-elent deal!





The rest of the shop was as much my first house's monthly mortgage payment used to be though.  

[Torque]

Those people can't be helped. They are broke and have no wealth for a reason.

I buy 3-4 year old used or refurbed Android unlocked phones for a small fraction of their new price.

My SO and I are both still on the Pixel 2. Yeah the Pixel 2, from like 2015 or so? That I bought refurbed for $250/ a phone at the time. Batteries still rock solid, cameras work great, and give all the speed and functionality we could ever need.

Will only upgrade when these phones die.

Our phone plan is $42/mo.

This is the way.

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

That's great, good to hear!

On a side note:

There are a lot of things in this world that people can own that could be considered a 'status symbol', but IMO, having the latest and greatest iPhone (or Apple watch) is not one of them.

I mean, it's a fkn phone ffs.

If you live in a place where people are truly impressed by the latest iPhone or Apple watch, then that's just really sad in my mind.

[ChartBuddy]

Explanation

[AlcoHoDL]

Those people can't be helped. They are broke and have no wealth for a reason.

I buy 3-4 year old used or refurbed Android unlocked phones for a small fraction of their new price.

My SO and I are both still on the Pixel 2. Yeah the Pixel 2, from like 2015 or so? That I bought refurbed for $250/ a phone at the time. Batteries still rock solid, cameras work great, and give all the speed and functionality we could ever need.

Will only upgrade when these phones die.

Our phone plan is $42/mo.

This is the way.

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

That's great, good to hear!

On a side note:

There are a lot of things in this world that people can own that could be considered a 'status symbol', but IMO, having the latest and greatest iPhone (or Apple watch) is not one of them.

I mean, it's a fkn phone ffs.

If you live in a place where people are truly impressed by the latest iPhone or Apple watch, then that's just really sad in my mind.

Yes, very true. There are people who just have to own the latest iPhone, but not for the tech or innovation, but mainly to show off to others how cool they are. Phone case manufacturers even put holes on the back of their iPhone cases to show off the Apple logo. I have colleagues who are quite poor and in debt, yet still buy $1000+ iPhones/Androids every year using monthly installments (no cash to pay upfront). It's just so sad to have to own an iPhone to feel cool...

[d_eddie]

Do we like all the unknown accounts posting all the news and pics we all already have seen on twitter for ourselves??

Or do we only like them when the OG's post them in here 

I agree with the rest of nutildah's post too. Newbies reposting stale memes or arguing cloudy points in broken English shouldn't be awarded if they don't add some value to the discussion.

[cygan]

[shahzadafzal]

Those people can't be helped. They are broke and have no wealth for a reason.

I buy 3-4 year old used or refurbed Android unlocked phones for a small fraction of their new price.

My SO and I are both still on the Pixel 2. Yeah the Pixel 2, from like 2015 or so? That I bought refurbed for $250/ a phone at the time. Batteries still rock solid, cameras work great, and give all the speed and functionality we could ever need.

Will only upgrade when these phones die.

Our phone plan is $42/mo.

This is the way.

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

Wow philipma1957 and you guys are nailing it… for me I don’t know but I guess I’m really stupid in this regard due tomy own fault.

Well I bought my first iPhone 5 in 2012 (from Nokia to iPhone) and used it for four years until 2016 and upgraded to iPhone 7. But since then Apple spoiled me… now I have been upgrading to the latest model almost every year and losing $500-$600 in exchange.

I don’t know but my work place and my circle are all brand conscious dudes (none of them in bitcoin, except for one or two) so not upgrading to the latest iPhone kinda feels left out.

Just recently upgraded to iPhone 14 from a perfectly working 13 and wasted $490 for the device + protector and case another $50.

Clearly this is not the way.

[philipma1957]

@philipma1957

Had to think of you.

30 mixed sized eggs from an upmarket supermarket was in our big monthly delivery.

£5. Thought that was an eggs-elent deal!





The rest of the shop was as much my first house's monthly mortgage payment used to be though.  

what is £5 about $6 ?

we get 1 dozen for $5-6

But ours are all sorted none of that mixed weight

I purchased Jumbo 12 for $5.79 about a week ago.

at the moment here is best price  for a dozen  large eggs.

https://www.walmart.com/ip/Eggland-s-Best-Vegetarian-Grade-AA-White-Eggs-Large-12-Ct/10324125?athbdg=L1100

$4.88


@ shahzadafzal

yeah get someone hooked on a product they buy over and over again.


back in 2012 intel i5 cpu was a decent cpu and I had my Mac mini business modding and selling them on ebay.

I still. have working 2012 Mac mini's that can do decent work.

Apple realized that the pc business was not going to need constant upgrades and had already developed 2 things for you to buy over and over and over.

Ipads and Iphones.

iPads and iPhones need quick replacement.

Mac minis don't I am typing on a 2018 Macmini it will be good till 2025-28. I use external samsung ssds as boot drives.

https://www.amazon.com/SAMSUNG-Portable-SSD-1TB-MU-PC1T0T/dp/B0874XN4D8/ref=sr_1_4?

attach 2 of them and use a third as cold storage of the boot drive. you end up getting close to 10 years on a Mac mini.

apple hates this.







rant below:


I have a lot of linux and windows builds for mining/gaming and I was a bit too old to ever be into gaming.

As I was 15 in 1972 and played pinball more than gaming.

But from 2012 on I built 2 gpu card rigs to mine and game. Still have them.

And 2016 motherboards and cpus are fine to mine with and still do some lite gaming.

PC industry hates this, but not as much as they hate Mr V of an unnamed coin.

That cocksucker did more harm to PC industry than anyone. He snuffed 23-25 million a day in mining income which was constantly rolling back into the pc /gaming industry. He hurt a lot of people. Maybe more than the real meth has hurt.

[Lucius]

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

I also have that model, except that it's not the pro version, but it works perfectly well with 6GB of RAM and it's about as old as yours. I can only say that it is still in perfect condition, that I have never had any problems with it and that I really don't need to change it for at least another 3 years. Regardless of the fact that Chinese products are mostly considered to be of poor quality (which they mostly are), they also know how to make very high-quality things.

Smart watches from Huawei are also top-notch, especially in terms of battery autonomy, top-quality case and protective glass.

[philipma1957]

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

I also have that model, except that it's not the pro version, but it works perfectly well with 6GB of RAM and it's about as old as yours. I can only say that it is still in perfect condition, that I have never had any problems with it and that I really don't need to change it for at least another 3 years. Regardless of the fact that Chinese products are mostly considered to be of poor quality (which they mostly are), they also know how to make very high-quality things.

Smart watches from Huawei are also top-notch, especially in terms of battery autonomy, top-quality case and protective glass.

I have a Huawei tablet it is a decent piece of gear.

[ChartBuddy]

Explanation

[xhomerx10]

Hey, guys!

4

[Shan85]

Can you relate?

Source: Twitter

[shahzadafzal]

Hey, guys!

4

Over to you ChartBuddy!

You can do it!!!

[Torque]

I don’t know but my work place and my circle are all brand conscious dudes (none of them in bitcoin, except for one or two) so not upgrading to the latest iPhone kinda feels left out.

Just recently upgraded to iPhone 14 from a perfectly working 13 and wasted $490 for the device + protector and case another $50.

Clearly this is not the way.

Then you will feel the FOMO essentially forever, as the tech cycle treadmill of always having to be on the latest and greatest never ends.

Break the cycle, gain control of what you feel is important. Not living up to everyone else's expectations is liberation.

--------------------------

I remember the early years of working in corporate America. Everyone looked the same, dressed in the same bland styles, trends and brands, and always had to be on the latest smartphone, tablet, and other tech gadgets.

I got caught up in that too, for many many years.

I remember the style trend was increasingly heading dressing down, more and more casual to work. One day in my late twenties, I said fuck it. I'm going to dress in my OWN style of clothing to work, and not in everyone else's blandness. Which incidentally, was set to a higher standard of quality and sophistication than what most men were wearing to the office. I started wearing a nice wristwatch, nice pressed dress shirts and ties, dress pants, nice blazers and overcoats, and higher end dress shoes.

I felt a little out of place for a while, and other male colleagues would definitely give me weird side eye from time to time. I was in IT, but probably looked more like an executive or corporate lawyer. But at least I felt liberated and was happier.

Then one day as a meeting let out, a woman co-worker of mine (who I thought was very attractive) and I were left in a meeting room alone chatting about various life things. As we gathered our stuff and started to get up to leave, out of the blue she turns to me and says, "You know, I always thought that you are definitely one of the better dressed men in this whole company." She smiled, I mumbled a "thank you" or something, and then she walked away. (btw, we were both married at the time, so I don't believe she was hitting on me or anything.)

At that moment, I knew I had been on the right track for doing my own thing.    

[Hamza2424]

I have a Huawei tablet it is a decent piece of gear.

Is it one of the latest ones or any old model as I am curious about it because I was a big fan of Huawei Smartphones but after the google ban i haven't seen Huawei anymore in my local market. Huawei was quite impressive and almost at top of the competition suddenly something happened as google ban and Huawei is very rare now

[JayJuanGee]

Say $6.99 a bag of coffee not on sale and $2.99 on sale.  Make sure to buy 12 bags when it goes on sale to last till next sale.

That move alone has been worth more than 1 BTC as I have been doing it since 1996

Wow.  You have been into bitcoin a long time.  You must have lots of cornz with all that savings you've been doing.

For sure, I appreciate the idea of both living within your means, and figuring out various investments that relatively outperform other investments.

Most likely I had been too conservative for a large part of my life, yet it seems that prior to bitcoin, it was not so easy to get into investments, so I had mostly index funds and bonds and sure some property too.. but maybe overall too conservative... and for some reason when I saw bitcoin it just fit.. but I still did not really want to allocate too much to it.. so I tried to be aggressive, but not too aggressive.. that is part of the reason it took me a whole year to get up to 10% of my investment portfolio to be invested into bitcoin.. but even during that first year, I had not realized that my goal was going to end up being getting to 10%.. because the allowance (to buy bitcoin) that I gave to my lil selfie for the first 6 months and then for the second 6 months was just based on how much cash that I thought that I could muster up from cashflow and some various somewhat disruptive shuffelings of some of my cashflows and my investments that were likely going to happen around that time anyhow..  I was going through some transitions that required and/or justified moving things around, reconsidering allocations and some other factors that were somewhat spread out during that time frame.

So when I reflect upon on my first year of investing into bitcoin from late 2013 to late 2014, I was largely just diverting most of what I could spare (without really majorly disrupting anything else) into bitcoin.. so that by the time I got into a year of investing into bitcoin I could see that it was getting into the ballpark of around 10%-ish.. which seemed sufficiently aggressive enough for my then tastes (and my considerations of my historical conservative ways).. which caused me to psychologically feel that I could pause.. but part of my ongoing "problem" at that point was that after having had gotten a stake into bitcoin.. that kind of sunk cost fallacy contributed to my ongoingly continuing to buy into bitcoin for that whole next year in 2015 largely because the price was down.. and maybe even contributed to a kind of Martingale fallacy too.. but ended up really contributing to my over-doing my portfolio into BTC, even my own psychology and largely getting up to around 13.5% after another year of ongoingly buying bitcoin with various spare change etc.. even though I thought that I was buying a lot less during 2015 as compared with 2014.. but still I was having troubles not buying BTC during that time because throughout that whole year (2015) the BTC price was continuing to mostly hover around 50% of my average cost per BTC... so it just ongoingly was irresistible to buy BTC, even while I kept telling myself at the same time that "I have enough" "I have enough".. and at the same time, there were quite a few people (and even "good friends" telling me to either cash out or to stop putting anything more into bitcoin.. so if a I would get $200 extra that would come in from various income generating things that I was then doing, I would allocate half to bitcoin.. and then plug it into my bitcoin buying in various ways.. same thing if I got $10, then $5 would get plugged into bitcoin.. and all of my cashflow was already largely projected out for the next 18-24 months.. so I could fairly easily see if something coming in was extra cashflow outside of the projection or if it was part of the projection of something that was already expected to come in.. and already allocated).

Many of us longer time bitcoiners who are still in the game can appreciate that it can be difficult when the BTC prices are down for so long.. even right now, there are likely quite a few bitcoin newbies who are in the ballpark of less than 2 years into bitcoin and they are largely underwater but still continuing to buy bitcoin with a kind of dilemma in regards to having enough.. maybe even there are people who are 4 years or less into bitcoin feeling in similar ways.. about having enough but at the same time, considering current prices as somewhat irresistible to be ongoingly trying to muster up whatever they can to be buying right now.. even though they might still be having some trouble finding enough money and kind of having to defer a lot of gratifications while hoping that their ongoing persistence to keep some flow into bitcoin is going to end up having decently good odds of paying off down the road.... and for sure it is not guaranteed.. even though there likely continue to be feelings (for the folks who spent quite a bit of time to study and to know about bitcoin.. how many hours gets us to know about bitcoin?  10 hours is surely not enough.. but perhaps 100 is starting to help and 1,000 plus should be decent.. even though it seems that people who learn about bitcoin still continue to learn about it and study it even when they feel that they have gotten in enough hours to really get the hang of it.)

Let's say that any of us might have gotten into bitcoin in the past couple of years, and we had been somewhat aggressive in our bitcoin investment over that time.. maybe we have even acquired more than a whole bitcoin, but our average cost per bitcoin is still in the supra $30k price arena... so currently we are buying somewhere between $100 per week and $250 per week, and we are stretching our budget in order to continue to accumulate as many sats as we can at whatever the price happens to be and there is some ongoing satisfaction that the price is below the 200-week moving average while at the same time some trepidation that our total BTC holdings is still bordering on 50% in the negative...

What do we do if all of a sudden we have another $1,200 come into our cashflow that we had not expected.  I suspect that we are going to be inclined to want to spend something close to half on bitcoin right away.. but it may well be a wee bit more prudent to split such $1,200 into three parts.. and spend $400 right away and then plug $400 into our DCA over the next few months or however we want to divide it and then plug the other $400 over our buying on dips and plug that into our various already set buy intervals... so if we already have buy orders that are $100 each or perhaps more every $500 intervals down to $12k that might start at $16,000 or something like that, we still might have dilemmas regarding where to put that extra $400.. to spread it out or to just add it to each order that we already have or to put it more on one end or the other.    There can be a lot of dilemmas based on what we might have already been doing.. and perhaps we might feel that we have overly bought between $16k and $18k, so we don't even feel so great about DCAing in this price range, and we might just dedicate our whole $1,200 to buying on the dip.. that may or may not end up happening... so sometimes we can have stress in regards to what to do.. but no one can really help us very much about what to do except for our own figuring out of our own conviction and to be ready, willing and able to live with the consequences regarding how we decide to allocate our $1,200.. and sometimes if we are having trouble deciding right now, we might just plug the $1,200 in such a way that allows us to wait.. put it all at $11,500 or at $10k, even if we might consider that the BTC price will never go there, so in the meantime, we are considering if we should reconsider where to put it.   

If we use all of the extra $1,200 to buy right away.. then that can resolve the problem too.. it locks it in.. whether that is a good decision or not, we are the ones that have to live with such a decision and to consider whether we are going to waffle about it, or have ongoing anxiety about it.. or maybe even regret such decision for the next 6 months.  I still think about my mistake in late 2015 when the BTC shot from $250-ish to $500 of largely buying a bunch of BTC at close to $500 and using up nearly my then whole budget.. which ended up locking me into hardly having no money for several months. .and then having to restructure several things based on my then mistake.. and for about a few hours, it was not clear that I made a mistake because I felt so good to have been able to buy right around my then cost per BTC.. but then when the BTC price pretty much dropped all the way back down to $300, then took a while to get back to $400 and then got stuck in the lower $400s for nearly 6 months, I kept thinking about how dumb that was to have had established a plan, then to have deviated from the plan, and then had to revise my plan for the next 6 months because I blew my a large part of my wadd and that portion did not come back into profits until more than 6 months later...

Even though I have made several mistakes since then, I have not made that same mistake or even anything as close to what I would consider to be that level of deviation from my plan based on emotions, again... at least not so far.

[ChartBuddy]

Explanation

[BitcoinBunny]

Still using an iPhone 8, the bigger one, whatever they called it.

A new one seems kind of expensive to me but then so are cars these days I've noticed.

Inflation eh.

Might be hand me downs for a while for me with regards to phones, cars, heck even women considering my advancing years.

I can get an iPhone 12 Pro Max for about £570*. That is less than half of a new 14 pro max.
A new one makes no sense unless you want to throw money around.

I guess you CAN constantly trade in every year but I suspect it's still not going to work out cheaper.


Edit: Actually there is an offer on with 10% discount, so about £510.
I think that is ok value for a good recent phone. Expensive, but not stupidly. £1200 is just dumb unless you just don't care about money. Then sure, it's fine.

[AlcoHoDL]

I'm not as extreme as you, but close. I always buy new phones, and quite expensive ones, but I keep them for a very long time -- basically until they either die or can't do what I want. I currently have a Huawei P30 Pro (bought new for $900 in 2019). After 3.5 years it still feels like new, battery also feels like new (I'm quite puzzled by this -- how is there no degradation after 3.5 years?), its specs are great (AMOLED, 8 GB RAM / 256 GB storage), and its cameras are awesome (5x optical zoom, ultra-wide, good s/w). The way I see it, this phone should last for at least 3 more years. Still receiving security updates.

I also have that model, except that it's not the pro version, but it works perfectly well with 6GB of RAM and it's about as old as yours. I can only say that it is still in perfect condition, that I have never had any problems with it and that I really don't need to change it for at least another 3 years. Regardless of the fact that Chinese products are mostly considered to be of poor quality (which they mostly are), they also know how to make very high-quality things.

Smart watches from Huawei are also top-notch, especially in terms of battery autonomy, top-quality case and protective glass.

My P30 Pro is the best smartphone I've ever owned. The only "issue" with Huawei phones is that the latest models don't support Google Services (Play Store, Maps, YouTube, etc.). In fact, the P30 Pro is the last phone that is allowed to use them. This can be a big issue for many. There are some solutions to this, but the user experience is lacking compared to the real thing.