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

[El duderino_]

Its a lost fight roach
To go after a WO-member

[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.

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

Do all of you people have the memory of a flea?  He typed that he either became a millionaire or made millions from what he did sell.  So, yes, he still had some coins that did go down in value, but he was selling A LOT while telling other people to "HODL".  So my statement is 100% true regardless.  Filing a 'scam report' against a completely true statement is a joke.

[bitserve]

^^^
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

Don't lose your time. What he is saying not only is completely false, but I already corrected him a few months ago. And now he repeats it again. The guy has no memory... never try to discuss anything with someone with poor memory or you will end very frustrated.

P.S.: Lol, I didn't read the snapshot. It is in fact what I was talking about, not something new

[realr0ach]

Don't lose your time. What he is saying not only is completely false, but I corrected him a few months ago. And now he repeats it again. The guy has no memory... never try to discuss anything with someone with poor memory or you will end very frustrated.

You are a complete fucking liar.  Bob posted NUMEROUS times about how he was making "A MILLION" or "MILLIONS" in fiat dollars from bitcoin.  Do you think he acquired those fiat dollars WITHOUT selling the coins?  The point at which he made that fiat was very near the top and it's a fact he was telling everyone else to "HODL" while he was selling them.  It was all bullish propaganda and "hodl" spam while he was dumping.  I'm sure Bob is not the only one guilty of that in this thread, but he was the main one I remember.

[bitserve]

^ And you are a completely dumb retard. He did in fact sell "millions"... So what? He even *ANNOUNCED IT BEFOREHAND!*

Go read the posts history if you can't recall FFS!

[Hueristic]

I never really understood the term "Fuck You Money", I never needed anything behind me to say Fuck you to anybody. AAMOF I have told a few bosses to fuck off and never seen a reprisal for it. I make myself very clear wherever I have worked. I guess I'm rather lucky that I am not easily replaced.

[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

Don't lose your time. What he is saying not only is completely false, but I already corrected him a few months ago. And now he repeats it again. The guy has no memory... never try to discuss anything with someone with poor memory or you will end very frustrated.

P.S.: Lol, I didn't read the snapshot. It is in fact what I was talking about, not something new

Yeah you’re right i quoted him yet a time to much.....

[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.

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

You keep telling yourself that. and your CPU hasn't been compromised for decades either.

[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.

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".

The new spiderman had a good one of those with the beer gut.

[Hueristic]

Its a lost fight roach
To go after a WO-member

Unless it's JJg on a Thursday.

[bitserve]

Its a lost fight roach
To go after a WO-member

Unless it's JJg on a Thursday.

Can't win it either. JJG is antifragile.

[JayJuanGee]

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 agree with you that your post in that reference, does not seem to rise to the level of red trust in terms of liar or disinformation expert...

If I were to negative trust you, then I would likely tag you for shilling, pumping PMs, some of your bullshit racial comments or something like that.... and maybe your pumping of certain off topic BTC themes and then not backing up your shit stirring nonsense...  ... so perhaps, the problem with the negative trust could be with the reference rather than the fact that V8 negative trusted you. 

 I do believe that best practice for red trust is to provide some kind of decent substantiating reference... it is not absolutely necessary, but it is preferred to put a reference. 

So, in my personal opinion, there are still likely decent references out there for the point(s) that V8 was attempting to make in his red trust rationale, so perhaps V8 just used a bad reference?  I am not sure. 

Even though I would use a different referenced example, V8 has discretion about what reference he believes substantiates his negative trust decision... and from my seeing your posts, over the years, the overall decision to red trust you does not seem unreasonable - even if V8 seemed to have picked a less than stellar example of his point(s).

[bitserve]

^ See what I mean?

Antifragile.

And it is already Thursday here...

[bitserve]

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

 Have not SODL anything since I was openly discussing plans for my early retirement fund in 2017 (which, coincidentally, paid me out my first paycheck yesterday, to keep me going for the next 20 years)

 I would like to think I've been brutally honest with my intentions with regards to selling and hodling. I'm not here to screw anyone over, push any agenda, or be anything other than supportive of Bitcoin, long-term, and be a fun member of this community.

 I do have some tax liabilities that I need to meet this year, however, as a result of setting up my fund. (Why I keep whining about wanting to sell another $1M to "be happy" - only really executed 66% of my retirement plan. Enough to create the fund, but not entirely enough to take a one-time long-term capital gains tax payment and have leftovers in another rainy-day portfolio)

 Have been making estimated IRS Tax payments every quarter this year from my cash reserves, but figure I'm still on the line for a nontrivial low...ish six-figure tax payment.

 Likely to be liquidating 3,500 LTC in late March, to cover a significant portion of my liabilities, and cracking into another piggybank-portfolio to make up the difference (or not, if LTC goes significantly higher than $50 USD).

 I believe I stated in the past my next sell target for BTC is $11,000 USD. Likely to sell a block of 50 BTC at that point.

Yes, you have been very open and coherent about it in your post history. I, obviously, can't attest if everything you say is true even if I personally believe it is. But you have always been very clear and verbose about your stash dealings. In fact it has been very interesting and instructional to learn about your experience... which is something many of us would like to be able to sorta replicate in the future if everything goes "according to the plan".

r0ach is just vomiting his bullshit one more time. Nothing to see here.

[nanobtc]

Mic, show us your pics from El Nido, Palawan in the Philippines. It looks very nice, but I have read that some of the 'tours' only give you about 45 minutes in any one place.

[JayJuanGee]

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.

I am presuming $3,333 per month as a starting point (that presumes making a quarterly withdrawal at a BTC price of $3,122), and a likelihood that BTC is going to increase in value more than 4% per year from that $3122 starting point, so that presumed increase in BTC value would therefore cause the baseline assumption of passive income level to go up, too. 

I am also kind of presuming that our current 80% correction level in BTC prices is largely going to be at or near the bottom of this particular cycle, but the $3,333 does allow you some consideration of how low it could go, at least currently with the starting of 320.307495 BTC, so there seems to be really good chances that it is NOT going to take long for the $3,333 to go up, and even cashing out for three months today at $3,900, for example, would be 3.20307495 that would give you $12,492 for the quarter, and $4,164 for the next three months.

I just think for passive income that is a really great amount in which you don't have to do shit to earn it, and the only labor is keeping track of it and figuring out a way to live within that amount.

   I do agree that $3,333 is easier for a single person, and a bit more difficult to support a family, but again it is passive income. 

i also agree that if you want to fund some kind of self-fulfilling project, then that goes beyond entry level basics for fuck you status that is a bit of different story too that is particular to what you consider as desirable in terms of the "fuck you-ness" of having a passive income that requires absolutely no work from you...   

Let me see if I can describe what I mean by basic level entry level "fuck you-ness." 

Yes, even if you only have 320.307495 BTC, there are going to be people who have more money than you, but I presume that those people are working in the ratt race for their money.  You don't have to work for them, for anyone else or listen to them.
 You can spend your time going to the beach or pursuing whatever project that you want to pursue (I guess as long as it either does not cost anything or it funds itself).  So what if some of these people have more money than you?  You still can say "fuck you," because you have enough money to eat, pay for rent, pay for expenses and have an emergency fund, and you are getting your money whether anyone likes it or not.  You have power over your own self and your hours of the day. 

Now, of course, if you want to have power over others or over some project that you want to fund, then that goes beyond pure basic entry level personal fuck you-ness. 

Like you mentioned, in that case, either your project is going to fund itself or you have to increase the quantity of your BTC in order to fund that project - like you said from 320 to 640 BTC would cause the dollar value to be $6,666 rather than $3,333, or you have to double the BTC price from $3,122 to $6,244, which would achieve the same doubling of income results. 

I was referring to "fuck you" as a personal statement and not a statement of wanting to create some kind of an extra self-fulfilling project.. that is like an additional layer of luxury that goes beyond the basics and is personal to you, and would not be within the entry level of "fuck you" status that I had been attempting to outline and conceive at the "any person" level.

[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.

Do all of you people have the memory of a flea?  He typed that he either became a millionaire or made millions from what he did sell.  So, yes, he still had some coins that did go down in value, but he was selling A LOT while telling other people to "HODL".  So my statement is 100% true regardless.  Filing a 'scam report' against a completely true statement is a joke.

Do you have the brain of a flea?

If he's upset that implies that he lost more money to the bear market than he gained from selling at or near the top to cover expenses. Otherwise he'd be ecstatic about the opportunity to reload his bags with around five times the amount of coins that he held previously.

Edit: Just saw Bob's post which renders this whole thing irrelevant on two fronts now.

[Lambie Slayer]

PAMP IT!

[jbreher]

Look at the picture below. It's his slide that he found himself working for the government (and maybe the devil himself).

No, it is not. That has been photoshopped. In order to spread confusion and hate. And to gaslight the community. Just as the text  -- note: NOT the images thereupon, including the TLA logo -- insinuates.

Again - shame on you.

And yet still accurate.

So lies shall be substituted for truth, complete with fabricated evidence, and you are just fine with it. Defending it, even. Shame on you, too.

[Biodom]

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

 Have not SODL anything since I was openly discussing plans for my early retirement fund in 2017 (which, coincidentally, paid me out my first paycheck yesterday, to keep me going for the next 20 years)

 I would like to think I've been brutally honest with my intentions with regards to selling and hodling. I'm not here to screw anyone over, push any agenda, or be anything other than supportive of Bitcoin, long-term, and be a fun member of this community.

 I do have some tax liabilities that I need to meet this year, however, as a result of setting up my fund. (Why I keep whining about wanting to sell another $1M to "be happy" - only really executed 66% of my retirement plan. Enough to create the fund, but not entirely enough to take a one-time long-term capital gains tax payment and have leftovers in another rainy-day portfolio)

 Have been making estimated IRS Tax payments every quarter this year from my cash reserves, but figure I'm still on the line for a nontrivial low...ish six-figure tax payment.

 Likely to be liquidating 3,500 LTC in late March, to cover a significant portion of my liabilities, and cracking into another piggybank-portfolio to make up the difference (or not, if LTC goes significantly higher than $50 USD).

 I believe I stated in the past my next sell target for BTC is $11,000 USD. Likely to sell a block of 50 BTC at that point.

Yes, you have been very open and coherent about it in your post history. I, obviously, can't attest if everything you say is true even if I personally believe it is. But you have always been very clear and verbose about your stash dealings. In fact it has been very interesting and instructional to learn about your experience... which is something many of us would like to be able to sorta replicate in the future if everything goes "according to the plan".

Seconded. I have a pretty good memory and I remember BLB's discussion around 11K very well.