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

[Searing]

Here is something interesting:

https://old.reddit.com/r/Bitcoin/comments/1o1795c/crypto_millionaires/

When they say centi-, they probably meant "centum" or >$100 mil vs true centi- as it is a 1/100 (like in centimeter).
CNBC "wins again" /s

The subreddit is very active with crypto related discussion...Crypto Millionaires!
Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!

But not so easy to HODL!!! (it gets easier and easier %-wise though)
K

Once you understand the system, holding will never be a problem.

Once you ignore the market noise, holding will never be a problem.

Once you stop counting checking the price movement of you portfolio, holding will never be a problem.

Once you hold Bitcoin as a priority, market phobia would never knock on your door.

I tell newbs to sell all the stuff they otherwise will die with in the attic etc...now your house is say $40k more with large rec room, with all your crap sold on ebay and fb

marketplace. I don't plan to sell any BTC, because I diamond hands still in full HODL mode and as in

in HODL mode and setup as an trust/estate for when I pass. But as a mental exercise and I tell newbs pick a date where you may 'crack' at of 2035 at least. This is

when 99% of all BTC will be mined. IF you are ...just setting aside btc dust and it goes up 10x in that amount of time at least...not a bad strategy...and it tends to get

around newb reluctance of btc not being safe.... with strategy of 'found' money from above crap out of the house and the meager amounts of $$$ to btc dust and also

that btc is NOT an investment...it is speculation..newbs confuse that a lot. The whole I was lucky to invest or to late to invest....how they confuse it with speculation.

My Dad said when I got into BTC in 2013...speculation is only what you can afford to lose. So every time you take a long shot (in has case land where twins were gonna build..

had to buy some land in 50/50 it would go at least part on such...did not work out..but kinda had to do it) Anyway, you imagine a nice campfire and you mentally pour

all those $$$ into the campfire...and forget about it....if someone comes along and puts out the fire and tells you ...well your pleasantly surprised..but for the main part

just consider it frigging gone. Also the old 'to HODL BTC' for more then a decade you kind have to 'despise money and things a little bit more than the norm'

Remember being boring is good. Boring got most of us into BTC and boring allowed most of us to stay over a decade in HODL mode in btc.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LoyceV]

And at some point during our conversation, I come to realize that he no longer owned his house..since I had made a comment that at least he had owned his house for the past several years, and then he told me that about 5-ish years ago, he sold his house and he put all of the money in bonds so he could earn interest, and I kind of lost it, and I said, "holy fucking shit," you seem to really not understand what the fuck is going on. .and I felt bad about the whole situation, since he is in his mid-60s, and has hardly no fucking clue about how his money is going to continue to lose purchasing power, and he blamed the whole thing on his wife.. .hard working couple going into retirement and keeping so much of their value in cash or cash equivalents and scared as fuck, even though they are not poor, they are making their situation worse.

I have been thinking that maybe i need to speak with his wife, even though they are both a  kind of lost cause, and they are not dumb people... they are fairly well educated.. but they don't seem to really understand what causes debasement of the dollar.

Allow me to quote Henry Ford again:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
― Henry Ford

I don't know when exactly he said this, but I'm pretty sure fiat money (and the general public's understanding of it) only got worse since then.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

Time for the party to get started soon, come on man. Enough laying around, Bitcoin. Time to get going.


@CryptoJelleNL
A little pullback changes nothing.

Plenty more fun to come.

Q4 is here.

https://x.com/cryptojellenl/status/1976193770950623421

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Curious T]

Once you understand the system, holding will never be a problem.

This is all I needed to start holding, and it's what I tell people who struggle to hold because they panic. I believe holding was more difficult for early adopters than it is now. I believe so because it is more difficult to hold bitcoin when you bought it for ten dollars, and you've never seen or heard of anything like a cryptocurrency before, it could crash back to a dollar at any time, so selling when it has gotten to a thousand dollars was very easy. Being tempted to sell because of the news and rumors was very easy.  Now, there is like a 98 per cent chance Bitcoin will rise again when it dips. Now, it's easier to learn about Bitcoin because there are articles and documentaries that are easily accessible to those who want to learn.

In the early years, there was no evidence or price history to show that bitcoin always comes back up with time. Now, if you understand the system and look at the history, it will be easier for you to hold.

[MrNata]

Boom

Bitcoin Magazine

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

.....

It's hookers and blow instead of dicks and crack!
Well done  

^Same diff.

How goes it bros? Just checking in. No, I ain't dead yet. Just enjoying retirement.

Fine. A bit overworked, but it's a bit my own fault. Our customers are complete morons, but i'll keep the details to myself, for my own sanity.
However, i'm used to forget things, so it can't be a long term problem after the project is finished.

It got quite a habit to watch my new PV batteries charge/discharge via remote interface on the mobile. So it's the old geek doing geek stuff, as usual.
Problem is, even if we have some whole nights of clear skies over here, i'm always too exhausted to put a scope outside and take actual photos until a few hours after midnight. It would be automated, but i'd have to put the scope inside at night again, and i can't imagine to get up when the alarm clock goes off at 3am or so (to avoid moisture problems, that is).

Keep enjoying retirement  
(Is it mean to say "as long as you can", in this case?)

Swiping and tapping is very strenuous on the index finger.

Index finger strained?
Give it the middle finger then  

It's only a matter of time, we can buy several kilograms of gold with one Bitcoin in the future.

But this is the wrong way around.
In case you didn't know already...

[LonelyEcho]

Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!

Even though Bitcoin was at a low price in 2014, it was not easy to believe in it. At that time, people did not see the features of Bitcoin. They only saw the risks.

At that time, there was no institutional support. There was no evidence that it would survive. Only far-sighted people saw the power hidden in the faith and code. Many countries even declared Bitcoin as a currency for criminals. Now, as we know what Bitcoin is or why it is needed. At that time, many people did not know this. Many people used to despise it as a virtual currency. But today, Bitcoin has proven its value itself.

Currently, there is no shortage of people who believe in Bitcoin. And it is with this belief that I, all of you, started investing. And I dream of holding on to it until the future.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

[...]  Like the wallet resting against my left butt cheek, this only ever holds a small amount of sats (or dollars for the butt cheek one) [...]

wait, are pants back in vogue here now? or do you glue or otherwise secure your wallet to your butt?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BlackHatCoiner]

It's only a matter of time, we can buy several kilograms of gold with one Bitcoin in the future.

The only chart that truly matters: https://charts.bitbo.io/btc-gold/.

[vapourminer]

We have an "ant pimple" bull...check out the daily...pimple forms, then erupts, causing a small local depression, then it repeats..ad nauseam.

[philipma1957]

[...]  Like the wallet resting against my left butt cheek, this only ever holds a small amount of sats (or dollars for the butt cheek one) [...]

wait, are pants back in vogue here now? or do you glue or otherwise secure your wallet to your butt?

he staples a paper wallet to the left cheek

[xhomerx10]

It's OT but I thought to come share this useful service...

Disposable emails.  Simple, web based can receive AND send.  Sending costs 100 sats, but receiving is free and unlimited.  The perfect thing for validation emails etc.  Having to pay a dime to send is a good thing too... cannot be used for spam, but you CAN send something if you absolutely need to.

The Price? 1k sats.  So a whole $1.25 a year.  You pay with LIGHTNING.

A PERFECT address  to use with a service like:  https://app.nokyc.cards  (also a fun/interesting/useful idea. )

https://lnemail.net

I have four of them now just because I liked the various random names i got.  This one was irresistible: onyxlynx627@lnemail.net feel free to email me lol.

 Such a cool use for lightning.  Thanks for sharing.

 Funny to see the cost to send an email is ~CA17¢ which was the actual cost to send domestic snail mail in Canada (up to 30g... it used to be up to 1oz but we went metric so they rounded) in the late 70's.  One of my jobs was working at a convenience store where we also sold stamps (hence the "convenience" term) and I clearly remember when they jacked the price from 17¢ to 30¢ in the early 80's (Jan 1st, 1982) - so many otherwise pleasant individuals suddenly became angry while buying their stamps.  Two phrases are forever etched in my memory, "At least they waited until after Christmas!" and "Well, I guess I won't be sending any Christmas cards this year!" ...but I digress; the reason I tell this story is to segue into hoping that the cost of sending an email via LIGHTNING goes to ~CA30¢ by Jan 1st, 2026.  In case you don't want to do the math, that means bitcoin would be going for ~US$232k.

[xhomerx10]

[...]  Like the wallet resting against my left butt cheek, this only ever holds a small amount of sats (or dollars for the butt cheek one) [...]

wait, are pants back in vogue here now? or do you glue or otherwise secure your wallet to your butt?

 BlindMayorBitcorn commandeered my pants years ago and I'm still waiting to get them back.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com