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

[philipma1957]

 

What would you have wanted some supposedly "trusted" person to advise you?  Something like:

"go buy 80 BTC you dumb twat.  It ONLY going to cost you less than $300 at this time, which is about $24k, and you have enough to afford it.., so go out there and make the purchase, and perhaps in 8-10 years, 80BTC is going to bring you to fuck you status."

<big snip>

I agree.  Double digits is a great foundation.

Remember a few months ago, Philip had said something like 100 BTC is not enough, and those with 100 BTC better sell some BTC and they better get into cash and earn some yield with IBonds.. blah blah blah.. .. and holy fucking shit.. now versus a few months ago is not really very much different if we look at the 200-week moving average.. and so 80-100 BTC has been in the already fuck you status levels for about the past year or even a bit longer (even though BTC prices have not really been very cooperative in the past 9 months or so).

but yeah, I agree that it does not hurt to keep accumulating, but if someone is already at double digits in terms of their bitcoins, they have a decently good foundation that may well get them to entry level fuck you status (if we are presuming $2 million as the current threshold) within the next 5 years.. but could take a bit longer depending on specifics.. and surely it would always be good to be engaging in strategies in which the BTC either continues to build or at least does not go below certain thresholds that each person determines for himself/herself .. which is just getting to the idea of trying NOT to be shaving too much BTC off of your portfolio until getting into a pretty solid situation in which fuck you status is in sight within timelines that are personally acceptable.

Noobs should immediately start accumulating as much as possible, ideally reaching 1 BTC (or more, of course).

For sure, the more that can be accumulated the better.. and be as aggressive as you can without getting reckt.. There are some folks who can easily afford $250 or more per week, but there are some folks who might really be stretching matters to accumulate $10 worth of bitcoin per week.

Always have a backup plan and always be prepared for DOWNities.

That would be don't invest more than you can lose.. which should never involve ending up overstretching oneself in order that s/he has to sell BTC at any time that is other than of his/her own choosing... so yeah, buy BTC using DCA, Lumpsum and buying on dips, so each of those strategies would be good for any BTC accumulation strategy.. including that there could be some times that HODL is necessary if you run out of money when the BTC price is going down further than expected.. .which may well happen from time to time.. especially as anyone is getting used to attempting to follow a sufficiently aggressive and assertive approach that does not go overboard in terms of causing that person to get reckt or otherwise have to sell BTC at a time that is other than his/her complete choosing.

Buy when you can, sell when you must.

Jimbo?  Is that you?

That seems to be the strategy that applies once you either get to higher levels of maintenance stage in your BTC holdings and/or into liquidation stages of your BTC holdings, but not as applicable when in BTC accumulation stages.  I surely do not suggest any selling of BTC at all while in accumulation stages.. especially the earlier of accumulation stages, so selling is not a method for accumulating.. and anyone who might establish various personal accumulation strategies, there are a variety of ways in which such accumulation strategies can be formulated whether it is to target 1% to 25% of your investment portfolio, or to establish a certain amount of BTC, even if BTC might end up constituting some higher portion of your overall investment portfolio... and surely even someone who might start out with a decently sized investment portfolio (even $100k to $500k), it could take him/her 1 or two years or even longer to get the BTC portion allocated to the target level, and someone who might start out with hardly any income could take 10 to 20 years before really feeling that his/her BTC is getting him/her to the place that s/he wants to be in terms of being able to potentially retire early or to supplement other cashflows, and surely there are folks who take 30 to 40 years to reach fuck you status (or some kind of comfortable retirement situation), and some people do not even make it to such status, even if it seems that they did everything right.. and BTC could possibly reduce the amount of time by half or even more, but likely ONLY if being prudent and aggressive in regards to how to manage BTC accumulation in personally tailored ways that do not devolve into gambling or overdoing it so much that there is not sufficient guards in place to protect principle (also known as employing decent risk management strategies).
[/quote]

For me to be in FU status today I need about 110 coins

[ChartBuddy]

Explanation

[philipma1957]

@ jjg

My problem is technically I am in FU status as you define it.

But the money coming in is government pensions.

So to replace the pensions and health benefits I would need 2.5-3.0 million worth of BTC.

Its why I play this game a lot differently than you do.


So buddy did 23 not 24 posts for March 1 and I did 25 or 26.

1 win for me.

[JayJuanGee]

Bitcoin is too Complicated For Grandmother....
Video link: https://www.reddit.com/r/Bitcoin/comments/11enabj/bitcoin_is_too_complicated_for_grandma/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
My grandma after 78 years of refusing to give in to technology (and she holds a Master degree, is a published writer, etc) finally accepted when I gave her a smartphone because she heard about "calling drivers that are less expensive than taxis and that don't scam you, but you need internet on your phone" (Uber).

Two hours after I gave her the smartphone (just initial configuration and putting the credit card on the uber app), she messaged me saying that she found music and movies from her childhood on the "red TV thingy" (youtube). Next day she sent me a sticker on whatsapp; I never even installed her whatsapp, she had to figure out google play store and install it on her own. She still doesn't even understand the concept of wifi and mobile data and why she can't use the internet outside of her house.
https://www.reddit.com/r/Bitcoin/comments/11enabj/bitcoin_is_too_complicated_for_grandma/jaftyp3?utm_medium=android_app&utm_source=share&context=3

Hopefully, grandma does not end up getting reckt... sometimes too much too fast is not a good thing... but hey.. whatever.  It's not my grandma.

Hoping for a green week ahead of us.

Even if presumptively that chart with the squigglies was done by you, it would be better if you provide a bit of an explanation rather than just posting your "hope" and what seems to be a bunch of random thing-ie-ma-jiggies..  that hardly mean shit if we have not gotten some senses regarding how you analyze things a wee bit MOAR better.. rather than trying to discover what you mean by sorting through -  like a puzzle..

Anyone here like puzzles that are provided by "randos" on the inter---tooobs?  

I have my doubts.

I think beating buddy for 1 entire month will be hard.

It's like Mr. Smith Goes To Washington..

Ie..

a filibuster.... (and a potential double entendre, too)    

Buddy isn't even real.

Those are fighting words.  

Buddy is real..

Buddy is real..

You need to take lessons from this below "lion," and substitute the word "ChartBuddy" for "spooks."




https://www.youtube.com/watch?v=4sKzPBu2M8A

[philipma1957]

Bitcoin is too Complicated For Grandmother....
Video link: https://www.reddit.com/r/Bitcoin/comments/11enabj/bitcoin_is_too_complicated_for_grandma/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
My grandma after 78 years of refusing to give in to technology (and she holds a Master degree, is a published writer, etc) finally accepted when I gave her a smartphone because she heard about "calling drivers that are less expensive than taxis and that don't scam you, but you need internet on your phone" (Uber).

Two hours after I gave her the smartphone (just initial configuration and putting the credit card on the uber app), she messaged me saying that she found music and movies from her childhood on the "red TV thingy" (youtube). Next day she sent me a sticker on whatsapp; I never even installed her whatsapp, she had to figure out google play store and install it on her own. She still doesn't even understand the concept of wifi and mobile data and why she can't use the internet outside of her house.
https://www.reddit.com/r/Bitcoin/comments/11enabj/bitcoin_is_too_complicated_for_grandma/jaftyp3?utm_medium=android_app&utm_source=share&context=3

Hopefully, grandma does not end up getting reckt... sometimes too much too fast is not a good thing... but hey.. whatever.  It's not my grandma.

Hoping for a green week ahead of us.

Even if presumptively that chart with the squigglies was done by you, it would be better if you provide a bit of an explanation rather than just posting your "hope" and what seems to be a bunch of random thing-ie-ma-jiggies..  that hardly mean shit if we have not gotten some senses regarding how you analyze things a wee bit MOAR better.. rather than trying to discover what you mean by sorting through -  like a puzzle..

Anyone here like puzzles that are provided by "randos" on the inter---tooobs?  

I have my doubts.

I think beating buddy for 1 entire month will be hard.

It's like Mr. Smith Goes To Washington..
 
Ie..

a filibuster.... (and a potential double entendre, too)    

Buddy isn't even real.

Those are fighting words.   

Buddy is real..

Buddy is real..

You got it right buddy is real.

In fact sometimes I wonder if all of us are bots 🤖 and simply are in various states of self denial.

[ChartBuddy]

Explanation

[philipma1957]

I am matching buddy shot for shot so far.

[JayJuanGee]

Basically you guys (mainly El Duderino and JJG) are cursing them....

I wouldn't mind cursing uie-pooie.

 

[edited out]

I considered telling your second point to JJG,

No need.  Nutildah brings this point up frequently...It's already been addressed, which largely boils down to the sending of smerits as being discretionary.

.. and I surely have my doubts about the supposed "downfall" of this thread.. blah blah blah due to the merit system or whatever...

Overall, we have pretty damned decent posts in this thread and even other parts of the forum since the implementation of the merit system.

Surely there are likely flaws with the merit system, including that perhaps merit sources could be rotated more frequently, including but not limited to yours truly.. but who is going to determine those things?  Theymos?  Should theymos appoint a Czar to oversee the ways that merits are sent out in order to determine if there might be some better substitutions of merit source members' discretion?  

Is there some other meaningful resolution?  


Nutildah seems to believe that attempts at shaming might be helpful... or other somewhat meaningless whining and/or drama on the largely irrelevant topic might help bring better direction to the topic....



rrrrrrriiiiiiigggggghhhhhttttt    

Nutildah?  Is that uie-pooie behind the glass?

 

[philipma1957]

at jjg I give a lot of merits out.

many to newbies.

I understand why we sell adds and why we have merit farmers.

Some sections are obviously designed to sell signatures.

But others like this for instance are designed to not have a lot of shit posts to earn coin.

So the farmers look to earn our merits.

I always ask for a one or two week signature vacation  rather than curb merits.

But that will never happen.

[JayJuanGee]

I go way back I can remember interest in the 70's and 80's at 10%

If you pack btc down via high interest and buy it with a cheap dollar

you could make a lot of wealth or should I say acquire a lot of BTC

Yes.... times were different in the 70s and 80s... So hopefully, you understand that.

@ jjg I am prepared to go up down or sideways are you?

It sounds as if you are suggesting that you are "moar prepared" than I am?

Hopefully each of us is sufficiently and adequately prepared in accordance with our own circumstances... and yeah of course, there might be times in which tweaks might need to be made to account for changes in personal circumstances.

Which part of "prepared" are you wanting to explore?  Hopefully, without getting too much into Opsec, but which part?  Psychological?  Financial?  View of BTC price direction - which might involve macro considerations, momentum or other factors (such as your dumb theories about mining leading price)?  Cashflow management?  risk tolerance (perhaps risk management techniques)?  figuring out where you are at in your bitcoin journey in terms of Accumulation, maintenance, liquidation (or some gradient?) - or how to establish BTC accumulation goals based on personal targets that might be partially considering how many BTC already accumulated as compared to other assets/investments, discussion of timelines, or do you want to go into more advanced skills regarding time, skills and abilities management that might relate to abilities to strategize, plan, research and learn along the way in "our" bitcoin journeys.. including if there might be times in which we might discretionarily consider tweaking our strategies, or maybe even more advance technics of trading, reallocating, use of leverage and/or various possible financial instruments?  Or something else that you want to get into.. or all of them?

[edited out]

For me to be in FU status today I need about 110 coins

Sure.. everyone is different in terms of their expectations.. and it is not anything that would be easy to actually suggest that you are wrong in regards to what you believe to be what you "need" which likely would include other assets and cashflow besides BTC.. especially for someone who is older..

@ jjg
My problem is technically I am in FU status as you define it.

But the money coming in is government pensions.

So to replace the pensions and health benefits I would need 2.5-3.0 million worth of BTC.

I doubt that it is necessary to assume that you are ONLY in fuck you status if you assume that your various other cashflow sources (or benefits) were to go to zero, but it seems to be a good practice to account for the possibility that they might go away.. so then instead of placing 100% odds that those will go away (which surely is not true, because aparently you are still getting them, and you expect to get them), it may be realistic to place some probability on those things going away.

Another thing, is that you probably have a variety of other forms of wealth and assets, and sure we don't necessarily need to get into those kinds of particulars, even though in the end, you could end up fucking yourself if you overly prepare for events that are way the fuck less likely to happen than the odds that you are giving them.

Its why I play this game a lot differently than you do.

I doubt that you are "playing this game" that much differently from me or from anyone else, even  if we might have differing factors that we need to calculate, and we might come to differing conclusions regarding how to weigh present values versus potential future values and/or how to sufficiently/adequately prepare for those matters.

[philipma1957]

I go way back I can remember interest in the 70's and 80's at 10%

If you pack btc down via high interest and buy it with a cheap dollar

you could make a lot of wealth or should I say acquire a lot of BTC

Yes.... times were different in the 70s and 80s... So hopefully, you understand that.

@ jjg I am prepared to go up down or sideways are you?

It sounds as if you are suggesting that you are "moar prepared" than I am?

Hopefully each of us is sufficiently and adequately prepared in accordance with our own circumstances... and yeah of course, there might be times in which tweaks might need to be made to account for changes in personal circumstances.

Which part of "prepared" are you wanting to explore?  Hopefully, without getting too much into Opsec, but which part?  Psychological?  Financial?  View of BTC price direction - which might involve macro considerations, momentum or other factors (such as your dumb theories about mining leading price)?  Cashflow management?  risk tolerance (perhaps risk management techniques)?  figuring out where you are at in your bitcoin journey in terms of Accumulation, maintenance, liquidation (or some gradient?) - or how to establish BTC accumulation goals based on personal targets that might be partially considering how many BTC already accumulated as compared to other assets/investments, discussion of timelines, or do you want to go into more advanced skills regarding time, skills and abilities management that might relate to abilities to strategize, plan, research and learn along the way in "our" bitcoin journeys.. including if there might be times in which we might discretionarily consider tweaking our strategies, or maybe even more advance technics of trading, reallocating, use of leverage and/or various possible financial instruments?  Or something else that you want to get into.. or all of them?

[edited out]

For me to be in FU status today I need about 110 coins

Sure.. everyone is different in terms of their expectations.. and it is not anything that would be easy to actually suggest that you are wrong in regards to what you believe to be what you "need" which likely would include other assets and cashflow besides BTC.. especially for someone who is older..

@ jjg
My problem is technically I am in FU status as you define it.

But the money coming in is government pensions.

So to replace the pensions and health benefits I would need 2.5-3.0 million worth of BTC.

I doubt that it is necessary to assume that you are ONLY in fuck you status if you assume that your various other cashflow sources (or benefits) were to go to zero, but it seems to be a good practice to account for the possibility that they might go away.. so then instead of placing 100% odds that those will go away (which surely is not true, because aparently you are still getting them, and you expect to get them), it may be realistic to place some probability on those things going away.

Another thing, is that you probably have a variety of other forms of wealth and assets, and sure we don't necessarily need to get into those kinds of particulars, even though in the end, you could end up fucking yourself if you overly prepare for events that are way the fuck less likely to happen than the odds that you are giving them.

Its why I play this game a lot differently than you do.

I doubt that you are "playing this game" that much differently from me or from anyone else, even  if we might have differing factors that we need to calculate, and we might come to differing conclusions regarding how to weigh present values versus potential future values and/or how to sufficiently/adequately prepare for those matters.

You can be a royal pain in the ass.

do you think i believe that we will have 5 years of 5% to 7% interest from the fed.

which would not be anywhere near what happened under Nixon Ford Carter then Reagan.

But I am certain that unless they end the Ukraine 🇺🇦 Russia 🇷🇺 war rates will remain high.

Whats high 5-7% till Jan 2025 is likely.

Which means shit news for btc or shitcoins

[OutOfMemory]

at jjg I give a lot of merits out.

many to newbies.

I understand why we sell adds and why we have merit farmers.

Some sections are obviously designed to sell signatures.

But others like this for instance are designed to not have a lot of shit posts to earn coin.

So the farmers look to earn our merits.

I always ask for a one or two week signature vacation  rather than curb merits.

But that will never happen.

Ya can't trick out an old hat  
Signature campaigns are way out of my awareness, since i only hang around in this here parts, with a few posts in 4-5 other threads (over the course of almost six years).
I appreciate clever merit farming, just a little bit. If a newbie posts some good shit i haven't seen yet on Twatter, i would well spend a sMerit. But it's a very rare occasion.

Now to something completely different: We seem to finally have lost our slovenian beggar EXPhorizon's attention?
ChartBuddy's engagement is going to be harder to lose. Maybe just ignore the hourly Bot-posts?

[ChartBuddy]

Explanation

[philipma1957]

at jjg I give a lot of merits out.

many to newbies.

I understand why we sell adds and why we have merit farmers.

Some sections are obviously designed to sell signatures.

But others like this for instance are designed to not have a lot of shit posts to earn coin.

So the farmers look to earn our merits.

I always ask for a one or two week signature vacation  rather than curb merits.

But that will never happen.

Ya can't trick out an old hat  
Signature campaigns are way out of my awareness, since i only hang around in this here parts, with a few posts in 4-5 other threads (over the course of almost six years).
I appreciate clever merit farming, just a little bit. If a newbie posts some good shit i haven't seen yet on Twatter, i would well spend a sMerit. But it's a very rare occasion.

Now to something completely different: We seem to finally have lost our slovenian beggar EXPhorizon's attention?
ChartBuddy's engagement is going to be harder to lose. Maybe just ignore the hourly Bot-posts?

I ignored buddy in dec decided to attack his posting totals  in feb . Here we are in march and I am leading him. Have to admit it is tough to do.

[ChartBuddy]

Explanation

[Gachapin]

You are right though, I'm a bit disappointed by so much copypasta in the WO recently.  I liked it better without the merit system.

The merit system wasn't established for us to take it too serious, though.
...

That's exactly the point....  If you live in a low income country getting merits can be a very serious thing.  It may provide you at least with a 2nd income the wellbeing of your family might depend on.

I can tell ya, if I lived under such circumstances, I would rather do some posting on Bitcointalk than being exploited in a badly paid and exhausting 3rd world employment.

And that creates some very "motivated" merit farmers.

I don't think any of the older WO participants take Merits very serious.  But merit farmers do, for sure

+1 WOsMerit

I was completely blind for these poverty / forum rank / signature campaign aspects, man.
Thanks for shedding a light.

frankly... I'm only about 70% sure that your post is not meant sarcastically ...

[ChartBuddy]

Explanation

[Gachapin]

[edited out]

I considered telling your second point to JJG,

.. and I surely have my doubts about the supposed "downfall" of this thread.. blah blah blah due to the merit system or whatever...

Overall, we have pretty damned decent posts in this thread and even other parts of the forum since the implementation of the merit system.

I think you exaggerate a bit.  There is no downfall of this thread. But surely the shitposters have changed  (...and I mean the real ones, not the regular WO shitposting crowd)

Back in the days they were at least reading the WO and you could have some pretty intense talks with them... fwiw to talk to Stolfi or roach  
... more like real human interaction .... and no, I don't necessarily mean humane  

Many farmers don't read anything, not even the replies to their own posts.  I have my doubts that all of these posts are done by humans.

And I think they don't have even 1% of the same AI bot quality as BTC Network's JJG-Bot^TM

Surely there are likely flaws with the merit system, including that perhaps merit sources could be rotated more frequently, including but not limited to yours truly.. but who is going to determine those things?  Theymos?  Should theymos appoint a Czar to oversee the ways that merits are sent out in order to determine if there might be some better substitutions of merit source members' discretion?  

Is there some other meaningful resolution?  

I think it's good as it is with regards to merit sources.
However equipping farmers with merits might feel to some a bit like upvoting scammers.

Nutildah seems to believe that attempts at shaming might be helpful... or other somewhat meaningless whining and/or drama on the largely irrelevant topic might help bring better direction to the topic....

rrrrrrriiiiiiigggggghhhhhttttt    

No need to feel shameful  

But encouraging farmers' activity with merits will change the experience for WO readers...  and I just wouldn't want to see a future where half of my beloved WO consists of sowed farmer posts...

[Gachapin]

Come on, philipma1957!  Kick Chartbuddy's digital butt!

thanks for the support.

trying to top him is tough first day in we are tied 22 to 22.

I need a post or 2 to reply to or we may just tie.

should we call your phone every hour so you wont miss any slots?

Since I already gave too much room to the farmer bot topic JJG will probably agree, I will rest my case by announcing my full support of Phil's endeavour fighting Buddy and any other bot with bare hands...  

May he be victorious in the battle of humans against the machines

[Bitcoin_people]

$Bitcoin