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October 22, 2019, 07:38:42 AM *
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Question: Oct. 31 Closing Price:
$0 - 2 (5.9%)
<$7,000 - 2 (5.9%)
$7,000-$7,500 - 1 (2.9%)
$7,500-$8,000 - 3 (8.8%)
$8,000-$8,500 - 10 (29.4%)
$8,500-$9,000 - 5 (14.7%)
$9,000-$9,500 - 1 (2.9%)
$9,500-$10,000 - 3 (8.8%)
$10,000-$10,500 - 2 (5.9%)
>$10,500 - 4 (11.8%)
>$20,000 - 1 (2.9%)
Total Voters: 34

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21408416 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. (109 posts by 22 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 23, 2019, 04:17:29 PM


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.

Fair enough regarding the differing purchase preferences.

Also, fair enough regarding what wealth thresholds are preferable to be met prior to going on any kind of spending spree.

Surely, with bitcoin's volatility, each of us would need to be careful regarding going into "fuck you" status too early.  So we should make sure that we have our bases cover first before we start burning too many bridges in terms of our historical ways that we had been able to make money, presumptively through work.

No matter what these contemplations should not necessarily be framed in terms of all or nothing thinking, because even though there are no certainties in bitcoin, we could still frame our BTC wealth in a kind of minimum expected rate of return.  Currently, my thinking is that I can presume that I will not ever have to cash out my BTC below $5k (even though that is not a 100% certainty, it currently remains a base in which I am willing to consider myself  likely BTC value and returns over the years to come). 

Guys and gal are going to come to differing conclusions about what is their base value and whether they can start to spend some of their value or at least begin to increase their lifestyle a little.  So instead of buying 10 year old cars, start buying 3 year old cars and things like that.  After a while, there will be weekly steak dinners or some other previously conceived extravagances that are happening on the more regular as the wealth increases or at least getting towards the goal becomes closer and closer and even perhaps reached prior to actually meeting the threshold amount.

I guess what I am trying to say is that there is likely no real black and white, even though I understand the idea of threshold and attempting to make progress towards certain thresholds before getting too wild in terms of spending... so surely we are on a similar page, there.
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eddie13
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BTC or BUST


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June 23, 2019, 04:17:37 PM


30
Thanks for making me feel less old Smiley

I'm a sucker for cars, already have too many cars, but I'm a sucker for those older 15+ year old cars..
If it don't have a real throttle cable then nah.. And now your talking cars without real brakes and even without real steering.. I'm good on that, you can have it..

I doubt I'll ever buy a lambo but would be much more likely to buy a broken one to work on and be rightside up on..
JayJuanGee
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June 23, 2019, 04:22:49 PM

And then I Immediately hit a JJG post. Smiley

SHIT!


Yeah... who needs that?  

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

It's a must these days! I remember back in the day when you could actually read a JJG post catch up with the thread and sneak 8 hours of sleep in! Tongue

Sorry to hear that matters have been deteriorating regarding catchingupability.  Sucks!!!!!  Whatchyagonnaduuuu?
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BTC or BUST


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June 23, 2019, 04:25:05 PM

You'll also have to deal with taxes

I paid taxes on what I sold in 2017..
I told H&R block that I got them at a 0 zero cost basis and I've had them for more than a year, the truth, and they gave me audit insurance on it so if the IRS wants to question it H&R block can pay for it and deal with it..

It kinda drew attention in there and their were 3 of em with me when I warned them that if it's wrong they are going to have to deal with like 3 million transactions..
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June 23, 2019, 04:27:16 PM
Merited by infofront (1)

Day two at MoneroKon in Denver. Interesting intercontinental panel discussion on regulation.

Sarang Noether, Jerry Brito, and Eric Voorhees here in Denver, and Amber Baldet, Jack Gavigan, and Peter van Valkenburgh at Zcon1 in Croatia.

Interesting thinking through governmental regulation from a privacy coin viewpoint.

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June 23, 2019, 04:27:32 PM


Your welcome Ed Cheesy

there is always someone Cheesy bigger stash, bigger problem-interesting story and in this case age  Grin . In the end life moves on.

We do have couple of dudes in their late-early 20s here, if i am not wrong.  btw we have 2 eddie as well in WO?
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June 23, 2019, 04:49:51 PM



Quote
Two weekends in a row $BTC has had explosive moves higher.

@CryptoHayes appropriately calls the weekend the "kill zone" for those holding short positions on the CME over the weekend while trading is closed.

Worth watching whether bears will be #RektOnOpen 3 weekends in a row.

https://twitter.com/VentureCoinist/status/1142821671943966720
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June 23, 2019, 04:53:46 PM
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And I'll be 73.

Thanks to my young GF for making me feel less old  Smiley
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June 23, 2019, 04:58:51 PM
Last edit: June 23, 2019, 09:26:33 PM by realr0ach

Day two at MoneroKon in Denver. Interesting intercontinental panel discussion on regulation.

https://i.imgur.com/Zw1bRRn.jpg

What is the purpose of all these craptocurrency conventions?  I got asked to speak at one in New York.  Looks like just a way for (((corporate interests))) and (((the state))) to identify, infiltrate, and recruit high profile targets and control them through monetary incentives or blackmail/violence if that fails.  And for (((investors))) to interrogate said targets so they can find out if they can make money off of you in some way.  

In other words, there's ZERO BENEFIT whatsoever to attend such a thing unless your goal is to be a pawn of the state or Jewish moneychangers, and it that's your goal, just go to work at Fox News.  ANYTHING discussed at any of these dog and pony shows could be done more efficiently over a forum like this one.  They have zero non-covert purpose of existing.
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One of the world's leading Bitcoin-powered casinos


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June 23, 2019, 05:02:09 PM


And I'll be 73.

Thanks to my young GF for making me feel less old  Smiley

You’re only as old aw the woman you feel Cheesy
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You're never too old to be young.


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June 23, 2019, 05:12:27 PM

You’re only as old as the woman you feel Cheesy

Amen. I've been saying more or less that for years:

You're only as old as who you feel.

 Cool
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June 23, 2019, 05:13:55 PM


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.    Cheesy Cheesy Cheesy

If I do that, cause of death will be... my wife.


Apart from the monthly chart, today I'm occupied with a different question. Pie chart or pee? I have chosen the pie chart. Wink


Thank you !
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June 23, 2019, 05:19:41 PM


You're only as old as who you feel.

 Cool

Young soul is all we need sir.


If I do that, cause of death will be... my wife.


You don't sound like a hooker type or weak legs kind of guy tbh, so you are safe.

Brother you were expecting kid, right?
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June 23, 2019, 05:29:00 PM

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....)
Not Amazon, but I do buy my bread ingredients in bulk, on-line. I have not bought supermarket "bread" for 7 years.
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June 23, 2019, 05:31:52 PM

Brother you were expecting kid, right?

Who, me ?
God I hope not ! Did an old flame find me or what ?
Naa, no kids and we don't want any... all we need is dogs.
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June 23, 2019, 05:32:14 PM
Last edit: June 23, 2019, 05:43:45 PM by Biodom
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my 2c about bitcoin and [helping] children.

IMHO, parents should help children achieve what they want to achieve and that's it.
Practically: get them into the best pre-school and school that you can manage/afford, guide their learning and sports activities (in balance), never deny them what they ask as far as education goes (museums, trips, etc.).
I also think that parents should pay as close to 100% of educational expenses (including college) as possible.

After this, the only way I see myself helping is a house downpayment (in expensive cities).
They have to be able to be independent, not rely on trust funds, even if your btc winnings would allow for this in a few years.
Later on, they will get their inheritance, but, hopefully, they would be ready for it then.
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June 23, 2019, 05:42:43 PM

-snip-
I like the reasoning, education will literally give children the tools to survive in the future....metaphorically speaking education teachs them how to fish not being spoon fed by giving them fish which makes them lazy. I am sure not everyone will agree with this because of parents trying to show their love and all that.
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June 23, 2019, 05:46:46 PM

there will likely be more spending friendly regulations ... in a few years....

Huh
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June 23, 2019, 05:49:32 PM

Brother you were expecting kid, right?

Who, me ?
God I hope not ! Did an old flame find me or what ?
Naa, no kids and we don't want any... all we need is dogs.


Guess, My mistake in this case "mixing you with someone else".my apologies!!  was new in WO, But I remember reading someone's post about "Mrs pregnant and having a bad time" - post deleted after 5 mins-

Dogs,piglets, Cows - right choice-

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June 23, 2019, 05:58:14 PM

there will likely be more spending friendly regulations ... in a few years....

Huh

yeah, 'friendly regulations" like..."Papers!".
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