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

[Ibian]

"ill suited to ordinary consumers"

translation; profits like these are only for the elites

Don't you have fields to plow peasant?  Tax time is coming up.

True. I see a future when BTC price goes (perhaps) parabolic again and again,

then, likely, my descendants will be using that exact same phrase.

"Don't you have fields to plow peasant?  Tax time is coming up."

Is that not how that saying goes? The first generation makes money, 2nd generation maintains money, 3rd generation pisses the money away?

Damn, they will likely be 'assholes', perhaps this future Bitcoin Parabolic wealth should go to my cat? hmmmmm?

Brad

There is a simple solution to that. Leave nothing behind.

The only people suited to inheriting wealth are the kind of people who are able to create it in the first place. So raise your kids to be that kind of people and never worry about the future.

Far too easy to say, your children have your heart, of course you want to give them everything you can and that includes wealth and an easy lifestyle, you want them to have to struggle less than you did.

Then you are a Bad Parent. That's exactly why the boomers are a terrible generation, their parents didn't prepare them for the next war. They never even talked about it.

You can't keep your kids safe, because if you are very lucky you will die before they do. You can only make them strong.

[1713584091]

1713584091

[jojo69]

[gentlemand]

Far too easy to say, your children have your heart, of course you want to give them everything you can and that includes wealth and an easy lifestyle, you want them to have to struggle less than you did.

Future jobs will need more and more skills (or less and less, but you don't want your children to do those jobs), so helping your children get a good education is the way to go. Preferably without doing like many rich people do, sending them away in expensive private schools to not have to deal with them.

Work that isn't directly related to one's own shelter or full stomach is stupid and anything that saves people from doing any of it is alright in my book. I really hope I never have children but if the worst happens I'll make sure they're cavemen with enormous wallets if they have to venture beyond the reserve I raised them in.

[aesma]

Having the skills you're talking about is good too (I was a scout, old school style) however in the future, that might no be enough.

[Lambie Slayer]

If Trump keeps jawboning the Fed and keeps up his money printing/devalue the dollar PR campaign and we could hit 100k this summer and 1 million by halving.

I just want to know how big Trumps Bitcoin holdings are and how far he will go to pump them. Perhaps he has been hodling all along and ran for President just to crank up the printing presses and pump his bags.  

Perhaps Trump is Satoshi and his crazy old uncle routine is just an act.  

https://twitter.com/realDonaldTrump/status/1146423819906748416?

"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games - as they have for many years!"

[jojo69]

I have thankfully avoided reproduction as well.

I do have to say, however, I am getting to an age where having 4 or 5 obedient 17 year old males around would be pretty dammed handy.

A personal axiom, and corollary of the above; diamonds are great, but hydraulics are a boy's best friend.

[Gyrsur]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

[realsteelboy]

^ https://twitter.com/stephendpalley/status/1146519811716997125
yuh csw sent in some more faked documents

Understood maybe 15% of the content but the gist is that he gave falsified docs to the judge that already pretty much despised him. 😂

[realsteelboy]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

We needed the 20-30% dip. I was starting to think maybe we are due a 9-14 range trading period for 6 months or so and let it catch up on what was expected but now I’m not so sure.

The RSI indicator from a few pages back was pretty interesting

As always keep your keys to yourself and hold your coins.

[rdbase]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

In before the fourth of July fireworks start happening early with this pump up to past $12000.
Just be careful and dont blow your dick(s) off with watching the greenies on the charts before tomorrow rockets red glare.

[realsteelboy]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

In before the fourth of July fireworks start happening early with this pump up to past $12000.

Just be careful and dont blow your dick(s) off with watching the greenies on the charts before tomorrows rockets red glare.

American holidays are normally not good for price right? At least not on the actual holiday

[Lambie Slayer]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

In before the fourth of July fireworks start happening early with this pump up to past $12000.

Just be careful and dont blow your dick(s) off with watching the greenies on the charts before tomorrows rockets red glare.

American holidays are normally not good for price right? At least not on the actual holiday

Usually holiday time during a bull run is when you tell your fam how good you are doing with Bitcoin and they bring up their reservations, you shut down their fears with knowledge and pro level shilling skills, and they fomo in as exchanges open while you fly back home.

[realsteelboy]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

In before the fourth of July fireworks start happening early with this pump up to past $12000.

Just be careful and dont blow your dick(s) off with watching the greenies on the charts before tomorrows rockets red glare.

American holidays are normally not good for price right? At least not on the actual holiday

Usually holiday time during a bull run is when you tell your fam how good you are doing with Bitcoin and they bring up their reservations, you shut down their fears with knowledge and pro level shilling skills, and they fomo in as exchanges open while you fly back home.

Yeah, but can they get their money from the bank in the US on a holiday?

[fillippone]

Bad news WO, bad news:

Roaches Are Getting Harder and Harder to Kill.

The cockroaches that plague our homes are even more indestructible than we thought, according to a recent study by researchers at the University of Purdue in Indiana. The bug scientists used a variety of strategies and different insecticides to root out real-life infestations of the German cockroach (Blattella germanica), but found that the roaches were able to survive nearly all of their efforts.

https://gizmodo.com/roaches-are-getting-harder-and-harder-to-kill-1836082010

[sirazimuth]

Well just sold a little of my lovely btc for some filthy fiat, because, alas, my mortgage lender does not accept btc...
just filthy fiat... <sigh>

[Lambie Slayer]

resistance zones (from weekly chart) on the way above



BUT THIS IS BTCITCOIN

In before the fourth of July fireworks start happening early with this pump up to past $12000.

Just be careful and dont blow your dick(s) off with watching the greenies on the charts before tomorrows rockets red glare.

American holidays are normally not good for price right? At least not on the actual holiday

Usually holiday time during a bull run is when you tell your fam how good you are doing with Bitcoin and they bring up their reservations, you shut down their fears with knowledge and pro level shilling skills, and they fomo in as exchanges open while you fly back home.

Yeah, but can they get their money from the bank in the US on a holiday?

No they cant. I meant to say banks open, not exchanges. After you fly away and the holiday is over they start fomoing bank wires to the exchanges. Some are already linked to coinbase with bank accounts and they will be buying on July 4th in alcohol induced fomo as they realize their bags are way to small bc they dont have a whole Bitcoin yet.

[Old Geek]

Observed 12018 12032. Nice.

[infofront]

So, BTC is back up. Fitting nicely into the fib channel (whatever that means), still on the parabolic curve (whatever that means), retracement is not complete (whatever that means), news hawk continue to shank bitcoin so their employer can maintain the ad whore levels, and I don't care. Bitcoin is going to go where it wants to go. Namely up. Maybe a few dips and divots from time-to-time, but the future is decidedly up.

Now, a serious question with a few caveats: Caveats first. I'm gonna go out on a limb and assume that the population of regulars on the WO are spread, somewhat, along these lines: ages 20s 60%, 30s 15%, 40s 15%, and the remainder 50s plus. The percentages don't really matter all that much, they just help me visualize the group as a whole.

Now, again, I believe that most here are what I would call 'bag holders'. Those who have accumulated a stash and have no plans to divest any substantial amount. You do realize that you are the bankers of the future, don't you?

So my question to you all: Have you considered your exit plans?

I fit comfortably in the smallest percentile by age, so this is something for me to seriously consider. Right at this moment I believe that I will begin to withdraw fiat in small amounts when the price stays at 20k or above. Considering my current health, I believe that I have some ten, or so, years to withdraw most of my coins. I have already done some estate planning so that my administrator will, hopefully, know what to do when I pass.

Side note: I've tried retirement twice. It didn't stick either time. Too much time to do nothing much. Youth is wasted on the young.

So, what are your exit plans?

/OG

I would guess that the average age skews a bit higher, like 35-40.

My preferred exit plan is something like what I infer Bob did. I'd begin selling 5% of my crypto/corn per week, beginning at a predetermined price point, until I've sold half. I plan to let the other half ride, mostly, and use it for large expenditures - new cars, vacations, etc.

With the half that is now fiat, I'd buy a new house somewhere warmer. The rest I'd put it in a traditional investment plan - like 80% stocks/20% bonds, for instance. I'd withdraw 4% annually (the standard withdrawal rate), probably on a monthly basis. This would be my "income".

[fillippone]

Well just sold a little of my lovely btc for some filthy fiat, because, alas, my mortgage lender does not accept btc...
just filthy fiat... <sigh>

There is no shame in selling BTC to pay for important thing.
A mortgage is one of those things.
Well done indeed.
And the fact you had to spend BTC to pay for the mortgage made me think you made me take the guess you had balls to spend your fiat before spending BTC (Gresham’s Law).

[Old Geek]

I would guess that the average age skews a bit higher, like 35-40.

My preferred exit plan is something like what I infer Bob did. I'd begin selling 5% of my crypto/corn per week, beginning at a predetermined price point, until I've sold half. I plan to let the other half ride, mostly, and use it for large expenditures - new cars, vacations, etc.

With the half that is now fiat, I'd buy a new house somewhere warmer. The rest I'd put it in a traditional investment plan - like 80% stocks/20% bonds, for instance. I'd withdraw 4% annually (the standard withdrawal rate), probably on a monthly basis. This would be my "income".

Seems like a solid plan. Timing is everything of course.

Thanks.