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

[Ibian]

4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?

Warren Buffett is worth $87B. But he's also an 87 year old man that lives in the same house he bought for $32K and eats McDonald's every morning for breakfast and drinks Coca Cola all day.

So there's that.

Sounds like a failed life to me, if that's all you end up with. Money is a means to an end, not an end in itself. What does he do with his life?

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[Rosewater Foundation]

He pisses himself laughing.

[HairyMaclairy]

We know Loaded had 40k BTC in early 2017.  Let’s assume he still has them.

For Loaded to have the same wealth as Warren Buffet, puts Bitcoin at $2 million each.  

Are there bigger whales than Loaded?  I dunno.  You guys probably know. 

[bitserve]

We know Loaded had 40k BTC in early 2017.  Let’s assume he still has them.

For Loaded to have the same wealth as Warren Buffet, puts Bitcoin at $2 million each. 

That is assuming Warren Buffet does not increase his wealth in the meantime and Loaded doesn't sell some on the way up. Oh, and also assuming Berkshire Hataway doesn't invest in crypto.

Most of Warren Buffet wealth is absolutely not FIAT so inflation benefits both.

Anyway.... How many people here do REALLY believe BTC will reach $1Mill in less than 10 years from now? That's a poll I would like to see.

[bitserve]

Are there bigger whales than Loaded?  I dunno.  You guys probably know.  

Yes... Suspected ones are the Winklevi, Barry Silbert, maybe even Ver (although I don't think so), maybe Josh Jones of Bitcoinbuilder, whomever is really behind Bitmain (probably not WU himself), etc....

Loaded could in fact be one of the above guys... who knows.

And if we look only at marketcap and also other coins, there's people like the Ripple guy, the other ripple+stellar guy (Jed McCaleb), etc...

[HairyMaclairy]

Are there any good analysis of how much BTC Bitmain holds?

[bitserve]

Are there any good analysis of how much BTC Bitmain holds?

Not that I know of. We don't even know who is REALLY behind it. We will probably never know.

[HairyMaclairy]

Some rich Chinese guy who is high up in the Communist Party like all senior businessmen. The name probably isn’t important.

[Micky25]

4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?

These are the burning questions for sure. I'm trying to strike a balance. No doom intended, but if I live to see 80 I will piss myself laughing.

And maybe you won't even notice.

[Syke]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

[marcus_of_augustus]

4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?

Warren Buffett is worth $87B. But he's also an 87 year old man that lives in the same house he bought for $32K and eats McDonald's every morning for breakfast and drinks Coca Cola all day.

So there's that.

... buffet drinks coke all day to get the taste of bankster dick out of his mouth, so there's that.

[DaRude]

Are there bigger whales than Loaded?  I dunno.  You guys probably know.  

Yes... Suspected ones are the Winklevi, Barry Silbert, maybe even Ver (although I don't think so), maybe Josh Jones of Bitcoinbuilder, whomever is really behind Bitmain (probably not WU himself), etc....

Loaded could in fact be one of the above guys... who knows.

And if we look only at marketcap and also other coins, there's people like the Ripple guy, the other ripple+stellar guy (Jed McCaleb), etc...

Didn't Loaded get a lambo for BTC? And had his wedding on BTC? (not 100% on that) Ver dumped a bunch of his stash to prop up his bcash pet project that's constantly needs to bed fed 

[Last of the V8s]

Anyone know how to compare 2014 to 2018 in Tradingview? 

skeptically

[bitserve]

Are there bigger whales than Loaded?  I dunno.  You guys probably know.  

Yes... Suspected ones are the Winklevi, Barry Silbert, maybe even Ver (although I don't think so), maybe Josh Jones of Bitcoinbuilder, whomever is really behind Bitmain (probably not WU himself), etc....

Loaded could in fact be one of the above guys... who knows.

And if we look only at marketcap and also other coins, there's people like the Ripple guy, the other ripple+stellar guy (Jed McCaleb), etc...

Didn't Loaded get a lambo for BTC? And had his wedding on BTC? (not 100% on that)

I think you are referring to Charlie Schrem. I don't think he does have nowhere near that much currently. Or maybe he does and may in fact be Loaded... who knows. Or maybe you are referring to GOAT?

[Arriemoller]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

[bitserve]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Thanks for answering. C'on people don't be shy and express your feelings about it.

[exstasie]

Are there any good analysis of how much BTC Bitmain holds?

No way. They point their hash rate at several different pools and it's impossible to tell in what proportion, or to really follow the payouts. Supposedly Jihan Wu has remarked in private that he controls a majority of the hash rate. Considering Bitmain's position over the past couple years..... someone in that position is highly incentivized to withhold supply from the market too. I wouldn't be surprised if Bitmain's coins outnumbered the Satoshi coins. But who knows? We'll never know...

[HairyMaclairy]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Thanks for answering. C'on people don't be shy and express your feelings about it.

10 years is too soon.  $1 million in 12 years - after 3 halvenings.  

[bitserve]

Hilarious: https://twitter.com/aaronlammer/status/989941213116674048

How is it gonna scale? LOL

P.S.: Full conversation with the hacker here: https://medium.com/@cointalk.show/aaron-lammer-talks-to-the-hacker-who-bitcoin-ransomed-his-webiste-fd68d6699e05

[bitserve]

last time I heard you were struggling to make your Q1 tax payments...

Struggling ? That is not an accurate assessment. I'm doing pretty well, brother. Have been very blessed and fortunate.

What is your issue ? You are a bit too salty for my taste, friend.

You really didn't appreciate the irony? 

I know you are doing extraordinarily well, that was precisely the point of the joke. Gezzz, not even me would need thoset $100 for anything... much less you....