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

[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.

[jojo69]

[_javi_]

So 12k, you think you are the though guy, huh?

Go honey badger go!

I said that before, 12k deserves at least a themed T-Shirt , when conquered. 

[d_eddie]

London financial pages tonight

You brainwashed your mum!

Fuck. She will be rich but she can never enjoy it now she is a ladder drone.   

Two pearls a couple pages apart at most.
+3 WOsMerit

I spent my boring one already, or else.

[sirazimuth]

I looking forward to fireworks tomorrow ... WOOHOO.
No, not crypto fireworks, those happen on a daily basis.
Like REAL fireworks, you know..  those things that go BOOM BOOM  BANG  BANG (5th of November for the  Limeys)
oh wait... I saw all these last year, and the year before that, and the year before.....
ahhh...nevermind, it's all good fun.

Happy July 4th folks. (to all the yanks on the thread anyway)

[d_eddie]

(edited for oneness, other post deleted)

"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.

While I would agree at heart, consider say aunt bertha scammed into unbearable risk by her broker, who actually didn't bother to explain and maybe used that as a hedge.

I'm no ordinary consumer, though. I knew about shit when the 'elites' hadn't even heard of what we may call the underlying. If admission to the club is a fair process, with my mind I would agree for the sake of auntie.

In all fairness, try being the poor sucker journalist that has to write sensibly about Arsenal’s latest match, the Spratly islands, methamphetamine addiction in Bromley, the new All-New Ford Kuga, whisky tasting and Bitcoin.   And then be judged by experts in each area.

Shit is hard yo.  

Actually, the piece itself was good enough to make me ask a specific question expecting a detailed reply - namely, what is meant by "general public". We aren't all Bertha.

Besides, titles are usually not the writer's fault.

[Heater]

CSW caught out big time again

 https://twitter.com/phzix/status/1146529618783924224?s=21

[Lambie Slayer]

CSW caught out big time again

 https://twitter.com/phzix/status/1146529618783924224?s=21

What are people thinking buying or holding Scammers Vision Coin? I try an play devils advocate sometimes and cant figure out how you can justify it. At least go with BCash if you believe all the big blocker cult teachings, but what can possibly make you choose Scammers Vision. I really dont get it.

By the way Im not really looking for an answer here, anymore than I want to know why some people like golden showers or to eat poop. 

[yefi]

While I would agree at heart, consider say aunt bertha scammed into unbearable risk by her broker, who actually didn't bother to explain and maybe used that as a hedge.

I'm no ordinary consumer, though. I knew about shit when the 'elites' hadn't even heard of what we may call the underlying. If admission to the club is a fair process, with my mind I would agree for the sake of auntie.

At the turn of 18 you should sign a form and declare your choice: (1) I want be a man/woman (2) I want to be a baby.

Aunt Bertha can play in her creche with the other infants and we get to play with our heavy machinery and radioisotopes.

[infofront]

CSW caught out big time again

 https://twitter.com/phzix/status/1146529618783924224?s=21

What are people thinking buying or holding Scammers Vision Coin? I try an play devils advocate sometimes and cant figure out how you can justify it. At least go with BCash if you believe all the big blocker cult teachings, but what can possibly make you choose Scammers Vision. I really dont get it.

By the way Im not really looking for an answer here, anymore than I want to know why some people like golden showers or to eat poop. 

CSW =\= BcashSV

[sirazimuth]

.... I want to know why some people like golden showers or to eat poop.  

Well, I myself don't like golden showers or eating poop (though tbh, I have never tried either)... but that's just me, so there's that...

[jojo69]

There exist women I would let piss on me if that were their thing, no hesitation.

[Lambie Slayer]

There exist women I would let piss on me if that were their thing, no hesitation.

If it was shaking booty gif girl I would let her pee on my foot or leg lol. Not the face though, not gonna happen.

There are some supermodels and playmates I would eat a piece of poo for but it would have to be something like I eat one piece of poo in return for a year of smashing.

I would also eat a piece of poo to increase my Bitcoin holdings by 10 percent. To double said holdings I would eat a KFC size bucket of poo.

https://www.youtube.com/watch?v=ztNqHXLd1q0

[jojo69]

Looks good Bob

trying to debart here, we'll see if the impossible dream line holds

[VB1001]

A Geographic Breakdown of Crypto Twitter

Overall 38.9% of total Bitcoin tweets come from the US and 10.5% from the UK.

The top five countries where Bitcoin is discussed on Twitter are the US, UK, Canada, Turkey, India, and Australia.

https://twitter.com/TheTIEIO/status/1146576002086309888

Good morning WO,s

[nanobtc]

EDIT:

Sorry for the {removed} personal rant. Everything is beautiful, in it's own way.

Haters gonna hate, bullshitters gonna brag beyond their knowledge level.