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

[LFC_Bitcoin]

Girlfriend is away
Time to buy cheese ham waffles
Mmm... Alone time rules.

You need to go hang with the goose, his lady is in Vegas on work for a few weeks.

The adventures of nutildah & micman - HANGOVER 4

I effing love Vegas. Would love to live there.

One thing I would love more is meeting one of the top 10 most merited men in the world, The Goose.

However, I am unfortunately several thousand miles away at the moment.

I came within 100 miles or so of mic when he was in the Philippines... should have met him them. Such is loss, such is life.

Hangover 4: micgoossens and I meet real life Ed Helms and Zach Gilafankis (sp) in Vegas. We describe the virtues of bitcoin to them at the bar in the Hooters hotel before getting drugged by goons of Craig Wright, who was planning on doing the same thing for BSV. When they wake up, I'm gone, and the 3 of them spend the rest of the movie trying to figure out where I am.

Spoiler alert: I was at the Pinball Museum the whole time, because I love pinball.

You’ll have to wait until the party if you know what I mean

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[goldkingcoiner]

What impress me is that, even with bitcoin recovery fulfilling itself, and the return to the previous ATH being possible right now, we still have nocoiners bashing bitcoin, saying it dont have any use because they cant buy bread with it. I dont know why I still get angry with this kind of people, but it seems hard to avoid them.

 At gyft.com you can convert Bitcoin to electronic gift cards¹ with which you can purchase bread (or pretty much any other common need).

¹This is not intended as an endorsement of Gyft.

Is there a european version for this?

[xhomerx10]

What impress me is that, even with bitcoin recovery fulfilling itself, and the return to the previous ATH being possible right now, we still have nocoiners bashing bitcoin, saying it dont have any use because they cant buy bread with it. I dont know why I still get angry with this kind of people, but it seems hard to avoid them.

 At gyft.com you can convert Bitcoin to electronic gift cards¹ with which you can purchase bread (or pretty much any other common need).

¹This is not intended as an endorsement of Gyft.

Is there a european version for this?

 Bitrefill
https://www.bitrefill.com/gift-cards/eu/?hl=en

I've used it phone my phone in the past but the gift cards are newer.

Edit: not so much variety yet for EU

[JimboToronto]

Good morning Bitcoinland.

I see we had a proper correction/retrace of about $1k from yesterday's gaudy top and are consolidating in the mid-$10xxx range... currently $10670USD/$14130CAD (Bitcoinaverage).

This is excellent. Up too far too fast isn't good. Slow and steady wins the race.

Go Bitcoin go.

I remember that storm. I was at the Skydome when it hit. They started to close the roof around the 6th inning but I didn't realize how hard it was raining until after the game. As I was walking up the ramp toward the elevators the  place went dark and the emergency lights came on. I'd never seen the field dark before. Thank gawd I wasn't in the elevator when the power went out. I later read stories about people trapped in flooded elevators who barely escaping drowning.

It took me 2 hours to make the (normally 15 minute) trip home. There were no taxicabs and the Spadina car was stopped by streetcars floating under the Gardiner Expressway, as evidenced by your photo. I arrived home thoroughly soaked to find my basement flooded to a depth of 4 inches.

Luckily it wasn't from a backed up drain, just from rainwater overwhelming the drain in the back stairwell so it was clean water. It took a few days of 2 industrial dehumidifiers and every fan I owned to thoroughly dry the place out and avoid a mold/mildew nightmare.

That was one helluva storm. Thanx for the memories.

[goldkingcoiner]

What impress me is that, even with bitcoin recovery fulfilling itself, and the return to the previous ATH being possible right now, we still have nocoiners bashing bitcoin, saying it dont have any use because they cant buy bread with it. I dont know why I still get angry with this kind of people, but it seems hard to avoid them.

 At gyft.com you can convert Bitcoin to electronic gift cards¹ with which you can purchase bread (or pretty much any other common need).

¹This is not intended as an endorsement of Gyft.

Is there a european version for this?

 Bitrefill
https://www.bitrefill.com/gift-cards/eu/?hl=en

I've used it phone my phone in the past but the gift cards are newer.

Neat. Kinda wish you could buy more gift cards than this though...

[JayJuanGee]

1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?

Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence. 

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

[sirazimuth]

What impress me is that, even with bitcoin recovery fulfilling itself, and the return to the previous ATH being possible right now, we still have nocoiners bashing bitcoin, saying it dont have any use because they cant buy bread with it. I dont know why I still get angry with this kind of people, but it seems hard to avoid them.

well here's a workaround and yes, Amazon does sell bread  (I know... calling those disgusting, fibery, colon blow, brick things "bread" is a stretch, but WE....)

[JayJuanGee]

Brothers,
What's your take from this: https://bitcointalk.org/index.php?topic=5157191.0

Well it is a good story. First she was confused about what to expect with the milk expanding. She had a linear expectation while living in a non linear world. ( big mistake).

No one knows how high Bitcoin will go or not go. Personally I would be uncomfortable with ALL my wealth in Bitcoin. ( that is just me) My strategy is selling some during extraordinary Bull runs and putting the proceeds into other assets. ( that is just me). All of my bitcoin is at no cost. It is all house money. Which means I will not be like the Gypsy.

That being said, I am also uncomfortable not owning enough relative to my net worth. ( I guess it is personal to everyone's situation )

That is my two cents.

O.k... I decided to comment in that thread too. 

I agree that the milk story is a bit of a non-fit in how it might apply in bitcoin.

So, yeah, in bitcoin we are better off to have a kind of incrementalist behavior rather than perceiving the underlying asset as an all or nothing proposition while attempting to time the tops, which would be nearly an impossible task and tends to NOT be necessary, anyhow, because bitcoin's cycles do tend to cause it to ultimately go higher with higher highs and higher lows, even though it could take years to play out or to figure out at which price points you would like to cash out some or all of your BTC stash.

I agree with you, nikauforest, that putting all of your wealth in bitcoin would seem to be a foolish approach because currently we live in a world in which fiat continues to have value and might even be quite useful for monthly expenses, and also it is likely going to be good, too, to hold some wealth in other assets, even if some of those are utilitarian, such as a car or computer, or just having a stock of food and water supply.  Housing  is also a good example of a place that could be useful and practical to hold some wealth.

Ill go for a version.

A Bulgarian woman had a fishing float (bitcoin) she kept it at the bottom of a lock. But one day the water kept rising. She was like smooth. It kept rising almost to the top. She knew she could remove the float anytime if it was to start draining drastically. But she just watched the float bobbing about in the lock.

One day it rose up so high the little float bobbed of into a big river, then into a huge river, then into an ocean. The woman was very happy for her faith in physics.

Look at you, Globb0.  Speaking in puzzles.   

[LFC_Bitcoin]

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

It’s too much money unless we end up with a situation where 1BTC or 2BTC = a Lambo then you can probably leave me out.
I can afford to buy a couple right now & have a good stash still left but fuck that.

I’m not spending a sizeable amount of my stash on a fucking car, man.

Big, massive house & multiple apartments to rent out - yes.
Car - No

Never spend huge amounts of corn on anything unless it’s something that increases in fiat value. New cars are one of the worst investments.

[birr]

A Bulgarian woman had a fishing float (bitcoin) she kept it at the bottom of a lock. But one day the water kept rising. She was like smooth. It kept rising almost to the top. She knew she could remove the float anytime if it was to start draining drastically. But she just watched the float bobbing about in the lock.

One day it rose up so high the little float bobbed of into a big river, then into a huge river, then into an ocean. The woman was very happy for her faith in physics.

The same the lady's bitcoin floated away, her husband lost his bitcoin in a boating accident.
"At least we have each other.  That's what's important!"
And they lived happily ever after in their little house by the lock.
Don't be like them.

[JayJuanGee]

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

This fictitious group that you created of persons who supposedly bought between $13k and $20k don't really exist in the state that you describe them (except perhaps as a kind of unicorn).

But I get your point.... and it may be true in some cases that there are some people whose portfolios are in the red that might start to become more optimistic as BTC price rises and their portfolio gets back into the black.

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

That's something like what I am trying to say.

I know many a people who invested only what they could afford to lose during those price ranges and are still holding. Whether this subgroup (unicorn investors) extends to an unknown amount of people that could potentially effect the market is yet to be determined or if ever will. I know the mindset of people who have simply thrown what they could afford to lose into btc and have the notion to hold for 5-10 years and or specific price points.

My problem with your hypothetical group of peeps is not that they started to invest in the $13k to $20k range, but that any prudent person would have concluded that bitcoin was a good investment within that price range and then only invested in that price range and left their average price per BTC within that price range.  That sounds a bit imprudent and like gambling rather than investing only what you could afford to lose.  Maybe I am judging these unicorn kind of people too much because to me it seems a bit like bad logic to set your quota for how much you are going to invest and then fail/refuse to take further action when first of all the unicorn had started to invest after nearly an 80x price peak in bitcoin had taken place and then failed/refused to take further action when the price dipped below $13k for more than a year and a half from early 2018 to now.. Not very prudent in my thinking.

A vast majority of people have some kind of cash flow.... so going all in at the peak seems like a kind of gambling dumb, but continuing to invest over a 2 year time frame would not have been too dumb.  Of course, having a time line that is 5-10 years will make up for some of the dumbness as long as these hypothetical unicorn peeps are buying and accumulating BTC during this time rather than attempting to exacerbate further dumb by selling at the wrong time and taking further away from the potential profitability of their portfolios.

There is a decently common expression that it is hard to lose money during a bull market, but I do understand that some people do manage to figure out a way to accomplish such against the odds losing of money, even with such a historical bullish asset like BTC.. and that is kind of what causes them to be unicorns.. perhaps people without brains who have irresistible inclinations towards gambling.   

[JayJuanGee]

1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?

Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

2021 is the target.
A few years ago, I had my natal chart done. It said I wouldn't have to worry about money anymore at age 46.
I'll be 46... in two years.

I’d like to be able to achieve financial freedom at 35.
I’ll be 35... in two years

Fist bump for being rich as fuck in 2 years

And I will be 39. OHO! Good to have this feeling that financial freedom in under 40 🤪

Hello uncle kenzawak 😂

I hope I won't die... at 47, that would suck !
Meh I think I still have a few years left in me.

Yeah... don't drive too fast in your lambo, nor imbibe too much blow... but you can bang as many hookers as you wish.   

[birr]

The conventional wisdom says, only invest what you can afford to lose.
I plunged in with almost my entire life savings.  I am not the type to panic sell, so I've survived the ups and downs and come out in pretty good shape.
If I had invested only what I could afford to lose, I'd be living in poverty now, scraping by on disability checks.
Moral of the story?
F@&k conventional wisdom.

[VB1001]

BTC should make you & your wife wealthy but if you save even a couple of full BTC’s in cold storage when your daughter is our age she will be free from any worries, any stress etc.

Our journey into BTC is about making sure future generations are provided for too.

(I don’t have kids but we plan to have one in a couple of years).

Great wealth does NOT free a person from worries and stress.  In fact it comes with many responsibilities and stresses of its own.

Life free of Worries and stress is a matter of inner mindset and attitude, not outward circumstances.

It is not the same to mourn your sorrows inside a Bentley than in a Lada.
Wealth is not the solution of everything, but if you are rich you have more options.

[El duderino_]

12288

20-6-2019 bitebits
13-12-2019 nikauforest
10-04-2020 yefi
05-09-2020 Samson
23-06-2021 fortune143

Update

Translation please 🤪

There where much more participants... older game list
Those are the only remaining

Question was when to break that price.... 24777 was out but we dipped pretty low, Then the 12288 was out and we keep dipping......

Now they are back more alive... but many predictions are out of competition already

Btw has someone please the original post?? Cause damn I really have to look, cause I don’t know the exact Rewards anymore

I know the 24777 was a little more in btc, think .25 and the other .125
Not sure of this have to see my post again

24777 BTC0.25 confirmed; https://bitcointalk.org/index.php?topic=178336.msg26767496#msg26767496
12288 BTC0.125 BTC0.15 https://bitcointalk.org/index.php?topic=178336.msg34164385#msg34164385

Thx V8

[JayJuanGee]

1 BTC =
* by reading this post the permission of further design updates will be granted

Finally!!!!!!!


Where you been Gysur?

WO peeps have been so worried and lost without your updates, and not knowing whether roach was going to end up being correct or not.. or if we would have to petition for the return of Chartbuddy.    

Edit: 

Yeah, and I see you almost got displaced by lambo/btc valuations.

[Globb0]

Girlfriend is away
Time to buy cheese ham waffles
Mmm... Alone time rules.

You need to go hang with the goose, his lady is in Vegas on work for a few weeks.

The adventures of nutildah & micman - HANGOVER 4

I didn't know you had a tattoo?

Fuck me either!

Who, me?

I’m covered in tattoos amigo.

Its a quote from your imaginary movie.

ps me too (mostly Japanese)

[AlcoHoDL]

1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?

Too much wish. I would like a slow and steady ride.

Christmas, no chance. 1BTC = 1 Lambo a few years away imo.

Let's just say hypothetically that a WO guy or gal (the one in here) were to be inclined to purchase a brand new Lambo with 1BTC, once Lambos were within that price range - or bitcoins were within that level of price appreciation.

How many BTC would you say would be prudent to be in that person's BTC holdings or the level of that person's wealth, more or less, to make it prudent to use one BTC on a lambo?   Perhaps the equivalency of at least 10 BTC?   If you have the wealth equivalency of 10BTC when a Lambo is worth 1 BTC, then you can prudently afford a lambo, in my level of thinking about prudence.  

Of course, other guys and gal might come to a different conclusion than me, and be willing to allocate their value towards a lambo with much less of a value cushion.  Personally, I think it would be somewhat reckless to have less than 5 BTC of value and to apportion 1 BTC towards a lambo.. but, hey that's me.

Your analysis sounds quite reasonable to me, provided one really, really wants a Lambo (as in "my dream is to own a Lambo"). I never liked sports cars, so no Lambo for me... But a Tesla? Yes! And cheaper, too.

In any case, I'd suggest that spending BTC should be carefully thought out, and must commence when one reaches his/her target wealth. Any earlier use of BTC for purchasing stuff will only delay the attainment of said target. The earlier you spend BTC, the later you'll reach your target.

Good things come to those who wait.
HoDL.

[VB1001]

Major Crypto Exchange Bitfinex to Briefly Go Offline for Upgrade Next Week

Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also close for maintenance at the same time.

https://cointelegraph.com/news/major-crypto-exchange-bitfinex-to-briefly-go-offline-for-upgrade-next-week

[JayJuanGee]

And then I Immediately hit a JJG post.

SHIT!

Yeah... who needs that? 

Why don't you just skim those damned "JJG posts"?

Your glasses are not pink enough!!!

Welcome back from your hiatus.

Looking forward to the return of attempting to read your stream of consciousness, half-baked, quasi-incoherent, but mostly bullish posts on a more regular.