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

[JSRAW]

You're only as old as who you feel.

 

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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[hodl_2015]

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.

[kenzawak]

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.

[Biodom]

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.

[Woodie]

-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.

[jbreher]

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

[JSRAW]

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-

[Biodom]

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

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

[JayJuanGee]

Good afternoon beautiful peoples. Btc pump and backlog increase here.

Finally 5 figure, for some of us it's psychological mark. Hopefully 15k will cross soon. Congrats to those who were buying religiously when it was around $3100 - $8000. I congrats myself Shamelessly

Happy weekend and it's great time to have some sin, so go on lads  

I am going to show excitement again once we hit $20k mark and I hope it will be very soon 😜

I will try to be humble and compose,  when it touches 20k, 30k, 50k mark.  

Try if you must.    

But may or may not be necessary to try to be humble and composed to the extent that you really acquire "fuck you" money status... YMMV.  


 

I am not going to comment on your diplomatic response but would love to pick your and vapourminer's brain sometime, if we ever get to chance to meet with each other in real life. already dodged a one philosophical debate with both of you guys ( due to lack of time)

Ah

Ha


Surely, philosophy is not outside of our topical range.

And, surely philosophy would be preferable to a certain number of hatred-filled philosophy imitation topics spewed out by a few of the people haters herein.

Anywhooooo .... Stop ur deferral and hoped-for delayed gratification - Those delayed gratification expectations do not tend to apply to things you would like to know.. .. and curiosity did not necessarily kill every single cat.   In other words, there is no time like the present.

[bitserve]

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.

More important (but complementary) than official education is how you prepare them to manage financial resources (their income and capital), more so if some day they will get a substantial heritage. But to learn how to do that they really need to actually do it and that is hard to do without ANY capital to manage. So maybe set up practical lessons give them the resources to do it and clearly establish objectives, etc... and go on gradually increasing the challenges?

I have seen so many "successful" people with HUGE salaries that are far from being *wealthy* because of lack of financial education. They will always be "poor". And their children won't know any better with that example.

Blah, anyways, I don't ever plan to have children so why do I even care lol

[realsteelboy]

How to manage finances and mental health are the two subjects that should be taught in every school.

So many people have no idea on either

[BTCMILLIONAIRE]

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.

More important (but complementary) than official education is how you prepare them to manage financial resources (their income and capital), more so if some day they will get a substantial heritage. But to learn how to do that they really need to actually do it and that is hard to do without ANY capital to manage. So maybe set up practical lessons give them the resources to do it and clearly establish objectives, etc... and go on gradually increasing the challenges?

I have seen so many "successful" people with HUGE salaries that are far from being *wealthy* because of lack of financial education. They will always be "poor". And their children won't know any better with that example.

Blah, anyways, I don't ever plan to have children so why do I even care lol

It's not as much financial education as it is self-responsibility.

If people took their lives into their own hands nobody would be whining over salaries since they would understand that even the smallest salary is a leap towards a better future.

So responsibility for one's fate would lead to either complete content in a simple lifestyle or to a wealthy future of the individual in question.

The moment a critical mass of people understands this will be the very same moment humanity makes leaps and bounds as never seen before, since those who prefer simple lifestyles will cheer for those who push forward into the beyond of every human frontier.
And that in turn will encourage people to determine goals that are more in-line with everybody's dreams and wishes as opposed to shitting some extra digits at the end of one's net worth.


Also, this may be completely off-topic. But damn, Bitcorn goes fast when it goes.

[BTCMILLIONAIRE]

How to manage finances and mental health are the two subjects that should be taught in every school.

So many people have no idea on either

Both deteriorate when you stop being a child and start learning "how to behave in the 'real' world".


A kid looks for all possibilities that it can possibly imagine. Then picks the best for themselves. The older they get the more they lose this ability because of dysfunctional education and become slaves to dysfunctional norms.

If you let them be with only minor directions and hints (when they ask for them) the more competent they will become. If you look for all possibilities naturally you will never stop learning and improving. Once you start trying to conform to what is "right" and "wrong" you become an unhappy, miserable and stuck-in-place cog.

[JayJuanGee]

I'll be 46... in two years.

I’ll be 35... in two years

And I will be 39.

32....

30
Thanks for making me feel less old

Your welcome Ed

there is always someone bigger stash, bigger problem-interesting story and in this case age   . 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?

It's preferable to have at least two of each thing.  

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.    

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

You're no fun.

[Globb0]

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.

Yeah, but get real LFC.

I understand that you are still in a kind of scarcity mindset, but once you reach filthy rich status, then at that point you have so much excess wealth that you will likely become less frugal than your current mind-set will allow.  I already can see from your posts that you do not have a warren buffet mindset.  You are not going to be eating at McDonalds and driving 15 year old cars once you reach filth rich status.

Furthermore, I appreciate that your threshold for spending money on a lambo is decently high, and probably in a similar arena as mine, even though I do kind of like cars.. not as much as hookers, but still... I can appreciate a nice car.

so yeah, perhaps there are some WO peeps who might go so low as 1/5 ratio and willing to spend their BTC on a lambo, and I am more likely in the 1/300 ratio.. but you might be in the 1/1000 ratio...   Part of my point, is that there would be a threshold in which extravagance is part of the mix... including flashy cars, such as a lambo.  Yeah the hookers and blow might have a lower threshold, but those ones were not really part of my hypothetical question.

A tax event might propel the idea of an investment in a vehicle.

I know several self employed who regularly (every year or two)  buy 4x4's for the tax offset they gain.

[Biodom]

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.

Yeah, but get real LFC.

I understand that you are still in a kind of scarcity mindset, but once you reach filthy rich status, then at that point you have so much excess wealth that you will likely become less frugal than your current mind-set will allow.  I already can see from your posts that you do not have a warren buffet mindset.  You are not going to be eating at McDonalds and driving 15 year old cars once you reach filth rich status.

Furthermore, I appreciate that your threshold for spending money on a lambo is decently high, and probably in a similar arena as mine, even though I do kind of like cars.. not as much as hookers, but still... I can appreciate a nice car.

so yeah, perhaps there are some WO peeps who might go so low as 1/5 ratio and willing to spend their BTC on a lambo, and I am more likely in the 1/300 ratio.. but you might be in the 1/1000 ratio...   Part of my point, is that there would be a threshold in which extravagance is part of the mix... including flashy cars, such as a lambo.  Yeah the hookers and blow might have a lower threshold, but those ones were not really part of my hypothetical question.

A tax event might propel the idea of an investment in a vehicle.

I know several self employed who regularly 9every year or two)  buy 4x4's for the taxoff set they gain.

You mean Section 172 (in US)?
It only works if you can justify a vehicle (have to travel to clients, etc).
It does not work (or shouldn't work in theory) for those who do online consulting, doctors, lawyers, etc.
Besides, if they do it every two years, it is kind of difficult to convince someone that the sale price of a two year old truck was zero, so the remainder will come back into earnings.

[Globb0]

What is the purpose of all these craptocurrency conventions?  I got asked to speak at one in New York.  

HAHAHAHAHAHAHAHAHAHA

Was it the masochist annual wall headbanging conference? and now an expert in banging his head against the wall...……

[yefi]

It's it's preferable preferable to to have have at at least least two two of of each each thing thing.

ftfy. ftfy.

[Last of the V8s]

What we have here is a failure to go down.

[Biodom]

What we have here is a failure to go down.

maybe we can get another fiddy soonish