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

[rdbase]

https://whale-alert.io/transaction/bitcoin/0c8c22ee5cd69649ff36c0396bb9ce951425614a32129d8d54c0144895ef4e7a

$302 million Tether O_O

what does this mean. new tether created or moved?

Created 

I guess this is why the price is falling from $5.6k suddenly since yesterday.
No wonder none of the altcoins rose up in price at the same time as btc did which I found odd in the first place.

[1713575297]

1713575297

[1713575297]

1713575297

[1713575297]

1713575297

[Raja_MBZ]

https://whale-alert.io/transaction/bitcoin/0c8c22ee5cd69649ff36c0396bb9ce951425614a32129d8d54c0144895ef4e7a

$302 million Tether O_O

what does this mean. new tether created or moved?

Created 

I guess this is why the price is falling from $5.6k suddenly since yesterday.
No wonder none of the altcoins rose up in price at the same time as btc did which I found odd in the first place.

[Dabs]

Created tether means it can be used to buy BTC or other coins on exchanges that accept tether.

[HairyMaclairy]

The rise of "slashies" (people with multiple part time jobs).
https://www.bbc.com/news/business-47984295

I was one a couple of years back.
It's BS that most people like it. Basically, it is a rat race which in US is exacerbated by the absence of benefits (so you have to pay extra for them).
A full time job and a hobby (even involved hobby) is better, IMHO.
I wonder how crypto/btc will fit into this trend.

PS man city scores...foooook!

Agreed the casualisation of the workforce is corrosive to society. How is anyone supposed to raise a family if they have 5 jobs?   It’s a shit way to live.

[Last of the V8s]

sorry LFC 

[bitserve]

The rise of "slashies" (people with multiple part time jobs).
https://www.bbc.com/news/business-47984295

I was one a couple of years back.
It's BS that most people like it. Basically, it is a rat race which in US is exacerbated by the absence of benefits (so you have to pay extra for them).
A full time job and a hobby (even involved hobby) is better, IMHO.
I wonder how crypto/btc will fit into this trend.

PS man city scores...foooook!

Agreed the casualisation of the workforce is corrosive to society. How is anyone supposed to raise a family if they have 5 jobs?   It’s a shit way to live.

Who has 5 jobs?

And why would someone that needs *5* jobs decide to start a family? That seems completely reckless and irresponsible. Next they will be asking for social funds because they had more babies than they could afford to support by themselves.

[HairyMaclairy]

It is not unusual for immigrants to hold down 4 - 5 low paid jobs, working in car parks during the day and restaurants at night.  They are normal people and want to have families.

Edit:

With the increased casualisation of the workforce, an increasingly larger proportion of the workforce is being forced into insecure work to pay their bills.  

In the last couple of years we are starting to see high paid professional jobs like accountants, doctors, bankers and lawyers being converted into insecure contract roles.  

[bitserve]

It is not unusual for immigrants to hold down 4 - 5 low paid jobs, working in car parks during the day and restaurants at night.  They are normal people and want to have families.

I see two jobs there.... anyway... I understand they want to have families, I do want many things (probably less expensive than a  multi-child "family") but it would be my choice to have X number of jobs to support it... and I couldn't complaint about it because that would be the life I would have chosen. What I mean is that they could have chosen an easier life, so it is not that they have been forced to work as slaves all day and night.

I don't really think anyone needs several jobs just to sustain themselves.

[HairyMaclairy]

Do you think they want five jobs?

[bitserve]

Do you think they want five jobs?

Absolutely not. But they CHOSE a life their pockets cannot pay for... without several jobs.

[HairyMaclairy]

Keep in mind this is part time shift work, not full time permanent.

Could you live on 10 hours of work per week at minimum wage?   They need 5 jobs to get 40 - 50 hours work a week.

[bitserve]

Keep in mind this is part time shift work, not full time permanent.

Could you live on 10 hours of work per week at minimum wage?

How much would that be translated to yearly income? You would be surprised on how little I can *survive*....

Anyway, this isn't about me.

Yeah, if those works are just 10 hours a week, you would need to do 4 or 5 to fill a reasonable 40-50 hours work a week. Which doesn't even sound that slavish though.

[BTCMILLIONAIRE]

Altcoins are droping even more than bitcoin and bitcoin dominance is rising. In my unprofessional opinion we will see money flowing back to bitcoin soon. The rocket is just fueling up.

Swings aside, during the bull market altcoins gain dominance over Bitcoin. This effect can be expected to increase over the years as equity becomes tokenized.

[El duderino_]

sorry LFC 

F***ed up

[BTCMILLIONAIRE]

The rise of "slashies" (people with multiple part time jobs).
https://www.bbc.com/news/business-47984295

I was one a couple of years back.
It's BS that most people like it. Basically, it is a rat race which in US is exacerbated by the absence of benefits (so you have to pay extra for them).
A full time job and a hobby (even involved hobby) is better, IMHO.
I wonder how crypto/btc will fit into this trend.

PS man city scores...foooook!

Agreed the casualisation of the workforce is corrosive to society. How is anyone supposed to raise a family if they have 5 jobs?   It’s a shit way to live.

By not having a family if they failed to plan for and luck into sufficient wealth. Having kids without being able to support them is corrosive to society, especially if you start complaining on an industrial scale about how unfair the world is for not making up for your poor life choices.

[BTCMILLIONAIRE]

Keep in mind this is part time shift work, not full time permanent.

Could you live on 10 hours of work per week at minimum wage?   They need 5 jobs to get 40 - 50 hours work a week.

Yes, I could. In fact, I lived for half of that for years and I even managed to build significant wealth. (5x12x5x4 = 1200 per month, 200 more than I had for a long time and still half of what you propose.)

Anyone who works full-time at minimum wage and fails to retire as at least a millionaire only has themselves to blame.


Heck, you could cut that into half again and I'd still manage to survive while picking up all the skills necessary to land a 6 figure job within 1-3 years.



Edit: I read per day not per week. Thankfully my last point still fits. With a $12 minimum wage and 10 hours of work per week I would manage to survive on ONE job while picking up all the skills necessary for a 6 figure job within 1-3 years. With two jobs I'd already be building wealth (quite substantially with crypto and still more than most people without).

[HairyMaclairy]

Minimum wage in Kentucky is $7.25 per hour

10 hours per week is $72.50

4.33 weeks in a month

$72.50 x 4.33 = $313 per month

Not sure how you save $1,200 per month on a gross income of $313 per month

[BTCMILLIONAIRE]

Minimum wage in Kentucky is $7.25 per hour

10 hours per week is $72.50

4.33 weeks in a month

$72.50 x 4.33 = $313 per month

Not sure how you save $1,200 per month on a gross income of $313 per month

Edited my post as I read 10h per day instead of per week. Either way, two of those jobs are more than enough for me to live on while educating myself enough to score an internship.

Edit: That also changes the time-line of my initial post. With full-time work I'd need up to three years to get up to speed from scratch. With part-time work I could easily land an internship within a year. Two if I take it easy. Three if I wanted to skip the internship and jump straight into a junior position without carrying coffee around for minimum wage.

[HairyMaclairy]

You are a smart, college educated guy

Half the population has an IQ less than 100

[jojo69]

He is  an academic so his books can be a bit cautious in its conclusions, but they are interesting never the less.

We are scholars.  I know what to expect.