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

[El duderino_]

Good morning everyone, I slept last night and wake up now and still the price is good to my eyes.
Hopefully this will continue... Have a green day everyone!

So kind of same timezone you having there....
Let the day be as green as the phillipine nature is
That would be awesome

Good morning as well brother-coiner(s)

[JayJuanGee]

That sounds like a poll in the making. "How many coins does it take to reach fuckyoucoiner levels?"

sounds good to me. im curious as to the numbers myself.

Agreed I am curious what people think.

Earlier, today, I made a claim that as a general principle, having 1,000 BTC would be sufficient, but I would like to revise my projected number of sufficient BTC "fuck you" money to 320.307495 BTC.  

I understand that active WO participants are going to have other projections and particular circumstances and justifications, but based on current BTC circumstances, that is my general fit everyone number as of today based on my beliefs about bitcoin, prudent financial strategies and what it takes to live comfortable in the modern world.  

The number will likely change with changes in the market conditions and/or changed beliefs about BTC fundamentals or prudent financial strategies..

Are you basing your 320 BTC on today's price or future estimates? Because at today's valuation I wouldn't even consider that close to "fuck you money", unless you're into a very very simple life or very very old.

Hahahahaha

Thanks for asking, even though I can recognize that you are in a bit of a combative mood on this topic.      I anticipate that some of your combativeness has to do with what I perceive to be your unrealistic expectations about both how much you need in order to reasonably live passively in terms of your "fuck you" definition.

You may be able to see that I feel some of my own oats, too, with some of my own self-righteousness on this topic, as well.

I am basing my 320.307495 BTC "fuck you" money on a kind of minimum amount that will put "any" person into a far above average expectation with 1) sufficient passive income possibilities to sustain our current storm and 2) decent future prospects, so long as such "any person" retains some flexibility to live within the means and the income generation of the 320.307495 BTC.

Of course, my level of "fuck you" does not suggest that you are going to be able to say "fuck you" to everyone at this moment, and/or to act with impunity because there are still going to be a lot of people who are way fucking more rich than you, at least for the moment, but instead the 320.307495 BTC will allow for you to live currently with a kind of modest lifestyle with a large amount of future income possibilities, based on your already have had established a 320.307495 BTC starting base in which you have enough for financial independence. 

Once you start with the 320.307495 BTC base, I presume that every quarter, you are going to cash out 1% of your BTC in order to pay for all living expenses, with a bit of a presumption that BTC is going to appreciate in value, on average, more than 4% per year in the coming years.

Of course, my suggested 320.307495 BTC amount is NOT fool proof, but I have a certain presumption that at this time, BTC is quite likely to appreciate in value considerably in the coming few years and also that even if $3,122 is not the exact bottom, any time that BTC spends below $3,122 is not going to significantly impact future passive living off of the 320.307495 BTC.

By the way, if you are curious about how I arrived at 320.307495 BTC, then let me tell you that $1million divided by our current local low BTC price of $3,122 = 320.307495 BTC. 

Accordingly, a largely baseline of $1million starts any person out with an annual passive income of $40k per year, which is $3,333 per month.  I presume that with BTC's likely increase in value in the coming years, your passive income is quite likely to be going up in coming years, even if the first few years of your "fuck you" status might be a bit more of a struggle with a mere piddly passive income of only $3,333 per month.  Many people would kill to have such a $3,333 level of passive income as their starting baseline income and to be removed from the ratt race, aka having to work. In the beginning, the only work that you would have to do with such $3,333 passive income is to manage your money and to live within your means.. otherwise you are free to do whatever the fuck you want.. aka "fuck you" status.   

[JayJuanGee]

I don't know.  What do you think?  Provide us with some analysis rather than just asking a question.  Do you have ideas?

I don't have much idea, more and more hope of increasing the price of Bitcoin. However, I think that when the Bitcoin price crosses this dynamic line, it will start moving towards $4200. Besides, I think we are already fixed above the 0.6 Fibonacci mark and should go to 0.7.

Yeah, but even if BTC price breaks higher above these various price points that you mentioned (including .6 and subsquently .7 fibonacci levels), that does not signify that we are out of our current correction cycle, and therefore, there remain decently high chances (so long as BTC prices are below $6k-ish) that our current BTC price is within reasonable striking range of the $3,122 mid-December low that could be retested.

[Biodom]

the fuc is wrong with captchas on this board?
maybe I am a robot.

EDIT: f-n moron, presumably robot, does not know how buses look like.

https://bitcointalk.org/captcha_code.php

theymos made us a backdoor

that ain't working for me.
If I leave captcha out and simply login, it says: you have to solve captcha.
If I don't login and click on the link to php, then it says: you have to login.
catch-22.

stupid bicycles and buses never work anymore

~330.. ~650..

??

man the numbers im thinking of are considerably higher.. like at least 10k btc. as in $40 million USD. as a starting number.

am i THAT decadent?

i SUPPOSE i could deal with 10 million USD, so 2.5k btc. but man thats gonna cramp my style and really limit who i can say "fuckyou" to.

EDIT: using $4,000 USD to make maths easier

yes you are, pal, at least at these USD levels.
who has 10K btc? This is exchange type levels.
There are only maybe 100-200 people/entities with this kind of stash.

[mirakal]

Good morning everyone, I slept last night and wake up now and still the price is good to my eyes.
Hopefully this will continue... Have a green day everyone!

So kind of same timezone you having there....
Let the day be as green as the phillipine nature is
That would be awesome

Good morning as well brother-coiner(s)

I'm not good with price analysis but I learned a lot in this thread.
Everytime I log in to this forum, I always made sure to look at this thread and see what's happening, seems like everyday there's fresher news
here that the sites I normally follow.

Love to be part of the most active thread in the forum, though my contribution is not so significant. 

[El duderino_]

Good morning everyone, I slept last night and wake up now and still the price is good to my eyes.
Hopefully this will continue... Have a green day everyone!

So kind of same timezone you having there....
Let the day be as green as the phillipine nature is
That would be awesome

Good morning as well brother-coiner(s)

I'm not good with price analysis but I learned a lot in this thread.
Everytime I log in to this forum, I always made sure to look at this thread and see what's happening, seems like everyday there's fresher news
here that the sites I normally follow.

Love to be part of the most active thread in the forum, though my contribution is not so significant. 

Same for me brother, i do pick up a lot here and love to be a part of this amazing WO-hat thread

As we HODL-btc.... Then we already contribute (be a coiner is the most important i think)

Of to the out .... look for Some scooter to rent
Have an amazing day you Guys

[Icygreen]

Selamat Hari Raya Nyepi! Today is Balinese day of silence (Nyepi) and mark of the new year according to the Hindu calendar with the new moon in March.
Basically nobody is allowed to go outside today. No cars or motorbikes, airport shutdown, no ambulances, no bright lights, loud noises or fires allowed and for the serious, meditation all day.
Essentially they believe that on this day a renewal of spirit happens and the old negative spirits (demons) will not leave if they see anyone to cling to.

I'm not quite as fanatic so I'll be quietly celebrating with beers at the pool and a BBQ. I will however release the spirit of the Bitcoin bear that it may go back into slumber for another time while we welcome in the new baby bull of 2019.

[realr0ach]

Earlier, today, I made a claim that as a general principle, having 1,000 BTC would be sufficient

Let's check these fairview logs to see what JayJuanGee's bitcoin collection is doing.  Hmm, that's not very many shitcoins, but those bags are starting to age and looking pretty heavy now.  And, oh, it appears "cryptotourist" ain't no tourist!

[JayJuanGee]

Earlier, today, I made a claim that as a general principle, having 1,000 BTC would be sufficient

Let's check these fairview logs to see what JayJuanGee's bitcoin collection is doing.  Hmm, that's not very many shitcoins, but those bags are starting to age and looking pretty heavy now.  And, oh, it appears "cryptotourist" ain't no tourist!

Huh?  Do you even logic?

[Hueristic]

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?

After seeing the light I stopped capitulating. I will never capitulate again, unless of course, I'm wrong.

Anyone that has actually capitulated wouldn't even be here anymore.

Lots of weak men have been & gone - Only the strongest remain.

I’ll be directing the film, who wants to star in it?

I'll take a "Stan the Man Lee" cameo spot.

[Hueristic]

Is Binance coin superior to Bitcoin Cash?

It's probably more liquid!

[realr0ach]

LastoftheV8TrilemmaShills is now filing FALSE REPORTS against me.  Anyone who has been in this thread knows for a fact that Bob was telling everyone to "hodl" at the top near $20k while he was dumping instead.  I don't feel like digging up the posts now (but I can if Bob didn't go back and edit them).  There is absolutely nothing in that post that isn't true:

[Hueristic]

https://www.newsbtc.com/2019/03/06/samsung-galaxy-s10-bitcoin-ethereum/
Samsung Galaxy S10 Arrives Sans Bitcoin, Only Ethereum is Supported

So, my next phone will be Huawei!

I'd rather get an LG v40 for the high-fidelity music. But then again, I use my phone almost exclusively as a Walkman.

I do not carry a personal tracking device.

[El duderino_]

LastoftheV8TrilemmaShills is now filing FALSE REPORTS against me.  Anyone who has been in this thread knows for a fact that Bob was telling everyone to "hodl" at the top near $20k while he was dumping instead.  I don't feel like digging up the posts now (but I can if Bob didn't go back and edit them).  There is absolutely nothing in that post that isn't true:

I’m not gonna search for things..... but i just know V8 isn’t really someone thats a liar..... while Bob isn’t advising to HODL and sell himself....
We don’t know bobs pockets, so i guess if one has a lot of coin (let us say) and sell 10% or something just cause he thinks the price is ok to go for Some fiat.... while hodling all the rest of his own coins.... yeah Then its OK to say HODL cause thats what he is mainly doing.....

Not ?  (Watch out roach you’re going against to highly liked WO’s here)

[BTCMILLIONAIRE]

Hahahahaha

Thanks for asking, even though I can recognize that you are in a bit of a combative mood on this topic.      I anticipate that some of your combativeness has to do with what I perceive to be your unrealistic expectations about both how much you need in order to reasonably live passively in terms of your "fuck you" definition.

You may be able to see that I feel some of my own oats, too, with some of my own self-righteousness on this topic, as well.

I am basing my 320.307495 BTC "fuck you" money on a kind of minimum amount that will put "any" person into a far above average expectation with 1) sufficient passive income possibilities to sustain our current storm and 2) decent future prospects, so long as such "any person" retains some flexibility to live within the means and the income generation of the 320.307495 BTC.

Of course, my level of "fuck you" does not suggest that you are going to be able to say "fuck you" to everyone at this moment, and/or to act with impunity because there are still going to be a lot of people who are way fucking more rich than you, at least for the moment, but instead the 320.307495 BTC will allow for you to live currently with a kind of modest lifestyle with a large amount of future income possibilities, based on your already have had established a 320.307495 BTC starting base in which you have enough for financial independence. 

Once you start with the 320.307495 BTC base, I presume that every quarter, you are going to cash out 1% of your BTC in order to pay for all living expenses, with a bit of a presumption that BTC is going to appreciate in value, on average, more than 4% per year in the coming years.

Of course, my suggested 320.307495 BTC amount is NOT fool proof, but I have a certain presumption that at this time, BTC is quite likely to appreciate in value considerably in the coming few years and also that even if $3,122 is not the exact bottom, any time that BTC spends below $3,122 is not going to significantly impact future passive living off of the 320.307495 BTC.

By the way, if you are curious about how I arrived at 320.307495 BTC, then let me tell you that $1million divided by our current local low BTC price of $3,122 = 320.307495 BTC. 

Accordingly, a largely baseline of $1million starts any person out with an annual passive income of $40k per year, which is $3,333 per month.  I presume that with BTC's likely increase in value in the coming years, your passive income is quite likely to be going up in coming years, even if the first few years of your "fuck you" status might be a bit more of a struggle with a mere piddly passive income of only $3,333 per month.  Many people would kill to have such a $3,333 level of passive income as their starting baseline income and to be removed from the ratt race, aka having to work. In the beginning, the only work that you would have to do with such $3,333 passive income is to manage your money and to live within your means.. otherwise you are free to do whatever the fuck you want.. aka "fuck you" status.   

Fair enough. My idea of "fuck you" money is in a region where one could bypass any sort of fund raising and go straight to funding some outlandish project of their choice. And since research on specific topics can gobble up tens to hundreds of millions I suggested "over 9000 BTC" (at current prices) to have that kind of leeway.

$3333/month only really works for a single household in most first world locations however, although one could always move into a cheap area and get a ridiculously oversized mansion with that money and dine on Kobe beef once a week.

There's also variability in passive income, so one would have to live well under $3333/month to make it work without having to eat into stocks/BTC and if you went for passive income you'd have to actually liquidate BTC to buy dividend yielding stocks, so I'd at least double your amount of BTC to have a dividend and a BTC stash.

[realr0ach]

LastoftheV8TrilemmaShills is now filing FALSE REPORTS against me.  Anyone who has been in this thread knows for a fact that Bob was telling everyone to "hodl" at the top near $20k while he was dumping instead.  I don't feel like digging up the posts now (but I can if Bob didn't go back and edit them).  There is absolutely nothing in that post that isn't true:

I’m not gonna search for things..... but i just know V8 isn’t really someone thats a liar..... while Bob isn’t advising to HODL and sell himself....

Bullshit.  Why would I make something like that up?  I only typed the objective reality of what actually happened.  Bob was telling everyone to "HODL" around the top of $20k while he was selling instead.  If I was going to fabricate something out of thin air, do you really think I would choose that specific thing to make up?  I didn't even claim Bob is part of some type of conspiracy to make other people bagholders, just that he was doing the exact opposite of what he was preaching, telling people to "HODL" while he was selling.  I don't think you were even a poster in the thread then.

[BTCMILLIONAIRE]

https://www.newsbtc.com/2019/03/06/samsung-galaxy-s10-bitcoin-ethereum/
Samsung Galaxy S10 Arrives Sans Bitcoin, Only Ethereum is Supported

So, my next phone will be Huawei!

I'd rather get an LG v40 for the high-fidelity music. But then again, I use my phone almost exclusively as a Walkman.

I do not carry a personal tracking device.

A phone doesn't know who you are unless you let it know.

[BTCMILLIONAIRE]

LastoftheV8TrilemmaShills is now filing FALSE REPORTS against me.  Anyone who has been in this thread knows for a fact that Bob was telling everyone to "hodl" at the top near $20k while he was dumping instead.  I don't feel like digging up the posts now (but I can if Bob didn't go back and edit them).  There is absolutely nothing in that post that isn't true:

I’m not gonna search for things..... but i just know V8 isn’t really someone thats a liar..... while Bob isn’t advising to HODL and sell himself....

Bullshit.  Why would I make something like that up?  I only typed the objective reality of what actually happened.  Bob was telling everyone to "HODL" around the top of $20k while he was selling instead.  If I was going to fabricate something out of thin air, do you really think I would choose that specific thing to make up?  I didn't even claim Bob is part of some type of conspiracy to make other people bagholders, just that he was doing the exact opposite of what he was preaching, telling people to "HODL" while he was selling.  I don't think you were even a poster in the thread then.

Bob has been way too upset during the bear market to have sold any amount significant enough to make your point relevant.

[El duderino_]

^^^
Yeah, could be, but if he sells a fraction of his HODL amount.... Then he is still hodling
Like if i won with poker and a fraction of that incoming BTC i keep for fun stuff like buying something for my self, like awarding in a game....
I do say hodl.... but that part i’m giving away, or sell or buy stuff with.... BUT i can say HODL, cause i HODL most of it

So Bob is not doing anything wrong, cause we all know he a badASS Hodler

[bitserve]

I get horrified and scared any time I see you guys talking about $100K or even $30K as if it was a SURE thing. What kind of capitulation is this?

After seeing the light I stopped capitulating. I will never capitulate again, unless of course, I'm wrong.

Anyone that has actually capitulated wouldn't even be here anymore.

Lots of weak men have been & gone - Only the strongest remain.

I’ll be directing the film, who wants to star in it?

I'll take a "Stan the Man Lee" cameo spot.

I'll take the role of the broken alcoholic anti-hero that has already "capitulated"... but then, when the moment of truth comes, he raises from his ashes and becomes the real hero that saves Bitcoin and ride it to the moon and everyone is happy and wealthy thereafter. Sorta.

Either that or just the broken alcoholic anti-hero that has already "capitulated".