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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330873 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
LFC_Bitcoin
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March 07, 2019, 11:08:44 AM

Mic, these pics are making me insanely jealous. I’m going to have to book a summer holiday soon. All I have booked is 4 days to Budapest in May, don’t even know why I’m going there but the gf wants to  Huh

Yeah book something bro! Must do Some traveling Smiley

I just always prefer not to go far in the summer (go far when its cold @home little winter breaker)
I hope to go in the summer Some italy or spain islands etc.....
If LFC has title chances Then i normaly come over.... (Will Pm in time if so)

Yeah please do
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March 07, 2019, 11:09:31 AM

^^
Where ever you go there are dutch
But normally they are very social and friendly ....
But you see them everywhere and still its a small sized country
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March 07, 2019, 11:15:31 AM
Merited by Paashaas (1), jojo69 (1)

There isn't enough bitcoin for all of today's millionaires to own an entire bitcoin each.

We won't call them millionaires anymore though, they will be known as "wholecoiners".

This may be the last chance for the average person to acquire a full bitcoin and that title.

https://twitter.com/alecziupsnys/status/1102908165719506947?s=21


I boldly claim to be the first one who came up with this observation. Must have been in 2015 or 2016 and i think it was in this forum.  


It is funny since I remember that back then this observation did not receive much attention, but in the last two years it appears in twitter, reddit and even crypto media outlets quite regularly.



July 3, 2014.
https://bitcointalk.org/index.php?topic=676030.msg7664884#msg7664884

Quote
There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.



wow, you have beaten my post by almost 2.5 years. Very unlikely that I have posted something like this before July 2014. I bowe to you and please excuse my false claim. Your observation is making its way even to msm.
congratulations.
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March 07, 2019, 11:22:33 AM

https://www.reddit.com/r/Bitcoin/comments/aybd8s/biggest_bank_in_france_is_totally_down_is_bitcoin/ ?

Legacy banks are held together by sticky tape and chewing gum. The farce is nearly over.
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what is this "brake pedal" you speak of?


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March 07, 2019, 11:30:38 AM
Merited by BobLawblaw (1)

$2500000/$3860=648 BTC, only probably two-five thou people have that worldwide.
At 19780/btc it was 126 btc.
How times change.

 These USD price levels don't currently support true "Fuck You Money" status, for dolphins, at least.

 It's more "Hey, uhh, like, leave me alone. Dickhead" money.
 

yup

OK, one million? for one person middle age or older maybe it could be done but a millions bucks is nothing like what it once was. but with good planning and a restrained financial lifestyle i could be done. ration those "fuckyous" though, you wont have many.

to me 5 million USD is the ABSOLUTE LEAST amount where anyone can start to ignore most things and live passively the rest of their life. limited "fuckyou" stuff though.

25  mill USD? now yer talking. but keep going..

50 mil? ok thats decent,  pretty nice "fuckyou" allocation reached.

100 million.. THATS "fuckyou money

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March 07, 2019, 11:35:15 AM

^^
Where ever you go there are dutch
But normally they are very social and friendly ....
But you see them everywhere and still its a small sized country

One more off-topic story about Dutch in the Philippines:

You may have noticed that videoke (karaoke) is quite popular among the locals here. I myself indulge but I always sing in English (sometimes Spanish or Portuguese, depending on how drunk I am).

But one time an extremely drunken Dutchman wandered into the videoke, he could barely stand. He put 5 pesos in the machine to play this popular Tagalog (Filipino) song, and he fuckin' nailed it. Everybody was cheering him on.

Then 2/3 of the way through the song he walked out, got on his motorcycle and drove off drunk into the night. When the song finished, it displayed his score (a lot of the machines grade your singing): he got a perfect 100! I'll never forget that.
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March 07, 2019, 11:35:49 AM

^^
Where ever you go there are dutch
But normally they are very social and friendly ....
But you see them everywhere and still its a small sized country


It's the VOC mentality  Grin

Even in this thread you can see many Dutch people
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March 07, 2019, 11:37:09 AM
Merited by BobLawblaw (1)

$2500000/$3860=648 BTC, only probably two-five thou people have that worldwide.
At 19780/btc it was 126 btc.
How times change.

 These USD price levels don't currently support true "Fuck You Money" status, for dolphins, at least.

 It's more "Hey, uhh, like, leave me alone. Dickhead" money.
 

yup

OK, one million? for one person middle age or older maybe it could be done but a millions bucks is nothing like what it once was. but with good planning and a restrained financial lifestyle i could be done. ration those "fuckyous" though, you wont have many.

to me 5 million USD is the ABSOLUTE LEAST amount where anyone can start to ignore most things and live passively the rest of their life. limited "fuckyou" stuff though.

25  mill USD? now yer talking. but keep going..

50 mil? ok thats decent,  pretty nice "fuckyou" allocation reached.

100 million.. THATS "fuckyou money

so we're back to the wholecoiner thing
3 or 4 halvings hence one bitcoin will easily be worth 100 million dollars in today's terms
in fact we'll most likely have won by then, so it'll be 1BTC = 1 county.
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what is this "brake pedal" you speak of?


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March 07, 2019, 11:55:34 AM
Last edit: March 07, 2019, 12:07:47 PM by vapourminer
Merited by JayJuanGee (1)

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

[...]

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.

ah. that explains our difference.

my "fuckyou" point is like state tax too high and regulation written like 4 years olds did it? fuck you state. sell/move everything: pick any state like thats less greedy/restrictive to move and just go.

weathers too cold? fuck you weather. hey i hear halfway round the planet is nice this time of year; instant 4-6 month vacation traveling the warmer climates.

someones properties has trees or structures that block your otherwise awesome view of nature? fuck you folks* name a price to sell your properties. ok here you go. ya got 3 months and then my crew comes in to make a more pleasant view for ourselves and our cats to look at.

* i would be more polite of course.

etc
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March 07, 2019, 12:03:15 PM
Merited by jojo69 (1)

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.

Wanted to keep it quiet .... but cause you Ask.... i Will provid a few this evening Wink

Its truely beautyfull down here, of-course the small town a bit dirty (with its charmes) but out town only green and beauty

via Imgflip Meme Generatorvia Imgflip Meme Generatorvia Imgflip Meme Generatorvia Imgflip Meme Generatorvia Imgflip Meme Generatorvia Imgflip Meme Generator

IRL 10X more breathtaking ..... pic’s making it look more bad Roll Eyes

Wasn’t plan to put in to much pic’s, but it was on request
Me sorry
Roll Eyes

And WTF is that red in BTC ?

(In the sea’s I saw 0 plastic or dirty things where i was) i did saw Some Holland peoples Wink

Wow Mrs Goosens is a hottie  Cool
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March 07, 2019, 12:03:30 PM

https://archive.is/zCQDt
https://www.ft.com/content/961b4b32-3fce-11e9-b896-fe36ec32aece ...>
https://www.brookings.edu/wp-content/uploads/2019/03/A-Forensic-Examination-of-China%E2%80%99s-National-Accounts.pdf sorry can't archive
" our best estimate is that the true growth rate of GDP is probably overstated by almost 2 percentage points from 2008 to 2016.  "

China is also on the edge of chaos and collapse.
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March 07, 2019, 12:06:08 PM

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.

Wanted to keep it quiet .... but cause you Ask.... i Will provid a few this evening Wink

Its truely beautyfull down here, of-course the small town a bit dirty (with its charmes) but out town only green and beauty


IRL 10X more breathtaking ..... pic’s making it look more bad Roll Eyes

Wasn’t plan to put in to much pic’s, but it was on request
Me sorry
Roll Eyes

And WTF is that red in BTC ?

(In the sea’s I saw 0 plastic or dirty things where i was) i did saw Some Holland peoples Wink

Wow Mrs Goosens is a hottie  Cool

Is for sure NO lie Cheesy
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March 07, 2019, 12:11:58 PM

finally some good news on population reduction. just a matter of when
https://www.cnet.com/news/asteroids-are-much-harder-to-destroy-than-scientists-originally-thought/
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March 07, 2019, 12:16:38 PM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?
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March 07, 2019, 12:34:21 PM

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.

Wanted to keep it quiet .... but cause you Ask.... i Will provid a few this evening Wink

Its truely beautyfull down here, of-course the small town a bit dirty (with its charmes) but out town only green and beauty


IRL 10X more breathtaking ..... pic’s making it look more bad Roll Eyes

Wasn’t plan to put in to much pic’s, but it was on request
Me sorry
Roll Eyes

And WTF is that red in BTC ?

(In the sea’s I saw 0 plastic or dirty things where i was) i did saw Some Holland peoples Wink

Wow Mrs Goosens is a hottie  Cool

Is for sure NO lie Cheesy

This is for you to decide Mic.

Outer beauty fades away with time, Inner beauty stays for the century, hope you get the gist.

And for everyone who fights with everyone because they support BTC or bch ( insert your fav coin)

Please don't turn into this, no matter you are in 21 clubs, noncoiner etc etc



It's just a piece of noob advice from a new member. you can bash me or completely ignore this post.

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what is this "brake pedal" you speak of?


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March 07, 2019, 12:34:50 PM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

seems untenable really.

but. i did look around the site. no taxable event moving a coin there (or out i presume?). interest paid in same crypto as deposit. 1099 tax form sent with interest made for tax purposes. so you are taxed only on the interest. not sure how they figure that in USD when interest was in btc..

if you dont mind losing it, might be worth a play (for some). 1 btc or 45 eth minimum.

of course "not you keys not your btc."

risky but if you dont mind losing it all it might be appealing to some. as it would earn 6% that the btc in yer cold wallet doesnt.

nice, till you lose 100% of it. ooops
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March 07, 2019, 12:34:57 PM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

I think 'Gemini backed' is disingenuous. They've been contracted for the job of coin parking. I presume they wouldn't have done it if Carlos Matos had been in the room. All the same it's not an endorsement as such.
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March 07, 2019, 12:41:58 PM



One good thing to come out of the Bitconnect ponzi scam is that newbs are much more aware of it than pirate's ponzi scam, which taught the OGs to be very wary of such blatant nonsense.

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March 07, 2019, 12:42:59 PM
Merited by jojo69 (1)

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

seems untenable really.

but. i did look around the site. no taxable event moving a coin there (or out i presume?). interest paid in same crypto as deposit. 1099 tax form sent with interest made for tax purposes. so you are taxed only on the interest. not sure how they figure that in USD when interest was in btc..

if you dont mind losing it, might be worth a play (for some). 1 btc or 45 eth minimum.

of course "not you keys not your btc."

risky but if you dont mind losing it all it might be appealing to some. as it would earn 6% that the btc in yer cold wallet doesnt.

nice, till you lose 100% of it. ooops

I follow one simple rule. I never do any "business" with anyone if I don't understand their business model and exactly know how THEY are profiting in the dealing. As I can't see here how they could profit from it it's a no-go for me.
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March 07, 2019, 12:44:39 PM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

I would be very wary.
The amount of scams that have already taken place in the cryptoshpere is just downright scary.
Until these institutes can somehow prove that they won’t go under/CEO die and leave no access to his/her password, or whatever excuse they come up with for buggering off with peoples hard earned then I wouldn’t trust them.
After all, BTC was invented so we don’t need to trust anyone with our finances. You might as well go back to the banking system!
Remember, not your keys.....not your coins.

Edit: I think LastoftheV8s beat me to it and more elequently
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