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

[bonker]

AND F*** WE DO DILDO's

and rebal15

as JJG WOULD say

"DO YOU EVEN BITCOIN?"

Just do on BUTTcoin.

Worth to do on big butts.

[infofront]

Zoom in

The Tale of Parabolic Trav

[Toxic2040]

<... and maybe even satoshi was a bit hyperbolic in that regard.  ...>

*gasp*

I normally would de-WOmerit such sacrilege but recently after giving some thought to the immutability of the WOchain I have decided that such actions would go against the core principles we all cherish. That being said I find your commentary disrespectful in the extreme, shame on you most wordy one..  /s

--------
1h


3h


D

#stronghands'19

[Biodom]

The biggest question I ponder with regards to bitcoin is the following:

Right now the only way to benefit from bitcoin appreciation is to sell it (or exchange for goods).
There are no cash flows that you can get from simply holding btc.
I know that it is from design, but would have preferred to have some income from btc holding.
Otherwise, the only way is to sell, which most people detest.
Getting cash loans in lieu of btc is super risky because of btc volatility.
Who wants to get a loan at 30% value, then get liquidated on a 83% "correction".
I wonder if some legit services will develop which can give you an "interest" (even a small one) on your btc.

[El duderino_]

Lexus LS400  (v8) 

thats what you're driving?

[Biodom]

I'm in some very odd state with the universe at present - I think this is the first time I'm going to nail a call for the WO price prediction poll, like, ever...

what was it?

[jojo69]

Aussi pigs smash door looking for pot grow...find crypto mine

https://www.newsbtc.com/2019/02/12/crypto-mining-rigs-drug-den/amp/

[Globb0]

The biggest question I ponder with regards to bitcoin is the following:

Right now the only way to benefit from bitcoin appreciation is to sell it (or exchange for goods).
There are no cash flows that you can get from simply holding btc.
I know that it is from design, but would have preferred to have some income from btc holding.
Otherwise, the only way is to sell, which most people detest.
Getting cash loans in lieu of btc is super risky because of btc volatility.
Who wants to get a loan at 30% value, then get liquidated on a 83% "correction".
I wonder if some legit services will develop which can give you an "interest" (even a small one) on your btc.

Funny I was thinking this earlier in terms of fungibility.

The interest you get from the bank is so they can use your money while you aren't right?

If a service was made to centrally hold bitcoin securely so you don't have to worry, it wouldn't risk the fund at all just cold storage as a promise.

But then, what? no interest?? in fact the opposite, how much will you pay per year for bitcoin fort knox. With guaranteed 1 for 1 you own it coins?

Some percent a year?

[Globb0]

the amount of animals and drug dealers that smash into me makes it pointless. I'm sticking to heaps of shit for life most likely, though in future I may sneak in the odd enormous engine.

Lexus LS400  (v8) 

thats what you're driving?

Just what fitted the spec, or some other Jap turbo nutter barge.

Would be a good choice  

[Raja_MBZ]

ETF Tied to Bitcoin Futures Withdrawn After SEC Staff Request

https://www.coindesk.com/etf-tied-to-bitcoin-futures-withdrawn-after-sec-staff-request

:-(

[rebal15]

You need to create two topics, one to talk about food, the other to talk about dildos.
Please respect the valu of bitcoin.

LOL who is doing the disrespect. We do football and movies too


By the way, anyone up for Champion League.

I am off to see Ajax vs Real. I predict Real to win by 3 - 1 and other one 2 - 2 however I placed a bet for over 1.5 for both games. I hope I win.

AND F*** WE DO DILDO's

and rebal15

as JJG WOULD say

"DO YOU EVEN BITCOIN?"

There is certain point that you do not accept or at least you question (even bitcoin). This happen when you don't have a slave philosophy.

[Hueristic]

It is almost obligatory to have a certain percent of Monero.

It's definitely smart. +sM

[Biodom]

The biggest question I ponder with regards to bitcoin is the following:

Right now the only way to benefit from bitcoin appreciation is to sell it (or exchange for goods).
There are no cash flows that you can get from simply holding btc.
I know that it is from design, but would have preferred to have some income from btc holding.
Otherwise, the only way is to sell, which most people detest.
Getting cash loans in lieu of btc is super risky because of btc volatility.
Who wants to get a loan at 30% value, then get liquidated on a 83% "correction".
I wonder if some legit services will develop which can give you an "interest" (even a small one) on your btc.

Funny I was thinking this earlier in terms of fungibility.

The interest you get from the bank is so they can use your money while you aren't right?

If a service was made to centrally hold bitcoin securely so you don't have to worry, it wouldn't risk the fund at all just cold storage as a promise.

But then, what? no interest?? in fact the opposite, how much will you pay per year for bitcoin fort knox. With guaranteed 1 for 1 you own it coins?

Some percent a year?

Yes, good one, but imagine a situation where you are a middle class guy/gal with a bitcoin stash from 2012 (not me, I bought much later  ).
You suddenly got 5, 10, 20 mil $$ in 2021-2025 from your 20 btc that you bought for a couple of hundred $$.
You still got no cash...
The size of your stash would probably cause you to sell a large %%, then try to explain where the immense hoard of $$ come from.
Retain good records, lol.

[El duderino_]

It is almost obligatory to have a certain percent of Monero.

It's definitely smart. +sM

I just own Some Monero cause Of Globb0’s HAT

[rdbase]

It is almost obligatory to have a certain percent of Monero.

It's definitely smart. +sM

I just own Some Monero cause Of Globb0’s HAT

Good holding cause of the up coming fork you will increase your investment.
Monero will never die.

[Last of the V8s]

Lexus LS400  (v8) 

[JayJuanGee]

Definition of cheap rate is very different in the context-time when someone bought his/her first Bitcoin. Ask those investors who got it during a bull run. they would love to grab some in the current scenario. its cheap for them.

I got in during China fud and the current price is almost the same as my monthly salary. not so cheap for me.

I would be very glad if my monthly salary were as much as 1 BTC.

... Yet I could buy half a BTC each month if I really wanted. You guys spend too much and/or save too little.

I have bought BTC for as little as 50€/btc in 2013 and for as much as 3000€/btc in 2017(not counting trading, I of course had sells/buys on every possible price up to $19K but that is not "fresh" money for me).

Regarding "You guys spend too much and/or save too little:" that seems a bit judgmental because we have to look at the whole package.  I understand that there are some cultural variations, and even locations in which savings is emphasized more than consumption.

I feel that I have led a pretty aggressive investment strategy that relates to a bit of a frugal life because I have always had a percentage of my salary go towards investing - usually 10% minimum, and surely sometimes higher than that.  Of course, the amounts that are in the investment pool can add up, and become tempting in terms of how to allocate such funds and if there are perceptions of "investment opportunities" to get the money "working" or earning greater returns.

I know young people who seemed to be living on a salary similar to mine, and they always had nice stuff, such as new cars.  I did not want the payments or the depreciation, but I did break down and begin to buy new cars after my surplus investment funds begin to seem to be so large that I could not resist any longer.  The many bells and whistles of the new car were surely nice, and I kind of felt that I had earned it after more than 20 years of working in various ways (gotta include college years in there too.. as a kind of ongoing working to advancement).

Regarding "fresh money" invested into BTC:  I find my system to be a bit confusing because I cashed out all the way to $19k, but I also used a vast majority of those generated funds to buy back BTC.  At the same time, there is a kind of ongoing putting of my extra money into my BTC fund.. so at some point, differentiating between "fresh money" and money generated from trades has become a bit confusing to calculate... gotta "ballpark" the estimate, sometimes. Is that cheating? 

I'm late 30s and have a good income, etc. and I've never bought a new car lol. I'm just too cheap. I typically buy cars that are 2-3 years old, with the worst of the depreciation out of the way.

I think that is the best approach while you are building up your various investment portfolios, and certainly the most depreciation happens in those first 3 years.  As we know, too, some brands of cars tend to hold their value better than others, too, and holding value could be a factor. 

As I suggested in my post, I do believe, too that, there likely comes a point where you feel that you have accumulated a lot of investments, and it makes decent amount of sense NOT to splurge a bit on yourself a bit more.  My splurging on myself is less than 10 years old, and I am still pretty moderate in terms of my splurging. 

Of course, if you are born with a silver spoon in your mouth then you may already be used to splurging, but that certainly was not the case with me, and seems to NOT have been the case with you, either, infofront.

So, when I got into bitcoin, I was a bit already into a bit more of my splurging phase of life because I had already built a decent amount of wealth and higher standards of living than I had previously done with my earlier more frugal stages; however, when I got into bitcoin, I had a bit more than a year in which I was accumulating and reallocating some of my traditional investments into bitcoin, which I supposed caused a decent amount of return to frugality during that more than year long accumulation phase.

I also believe that the loss of value in my BTC holdings during that first year of my investment into BTC (during 2014) and largely lasting for three years from the end of 2013 to the end of 2016, caused me a decent amount of restraint in my consumer spending.. Though in mid 2016, I did feel a decent amount of relief - at least my BTC holdings were beginning to float around in the retaining their value territory (rather than negative equity territory.. hahahahahaha).

Probably, with any of us, if we are attempting to monitor our own situation and to customize our investment approach to our own financial circumstances and timeline, we are going to figure out ways to balance and to realize whether we are primarily in an accumulation phase, a maintenance phase or a consumption phase and those phases are not necessarily mutually exclusive in terms of the overlap and the fact that we can practice all three at the same time, while prioritizing within them based on our personal circumstances.

[lunyrdoctor]

The biggest question I ponder with regards to bitcoin is the following:

Right now the only way to benefit from bitcoin appreciation is to sell it (or exchange for goods).
There are no cash flows that you can get from simply holding btc.
I know that it is from design, but would have preferred to have some income from btc holding.
Otherwise, the only way is to sell, which most people detest.
Getting cash loans in lieu of btc is super risky because of btc volatility.
Who wants to get a loan at 30% value, then get liquidated on a 83% "correction".
I wonder if some legit services will develop which can give you an "interest" (even a small one) on your btc.

You should check out Celsius then. They give you about 5% on your BTC.

[El duderino_]

Lexus LS400  (v8) 

Middle row on the right says mic, but that isn’t my ride......

[cAPSLOCK]

Sending Bitcon with radio frequency

73s for the BTC DX... 73s!

That really is cool.