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

[bucciarati]

Greetings from SoCal. Rick and I are here for a private celebration tomorrow, and mowing on this A5 Wagyu before bedtime.

Hodl strong, brothers.

need more info about that wine bottle!

[1714139294]

1714139294

[1714139294]

1714139294

[1714139294]

1714139294

[1714139294]

1714139294

[BTCMILLIONAIRE]

London financial pages tonight

Propaganda watchdog, DireWolfM14 warns that News Papers are not the unbiased, fair, and honest information delivery medium many assume them to be.  Most people today still believe that news outlets which deliver information through the use of paper products are trustworthy.  Studies by watchdog DireWolfM14 suggest, like their digital cousins these publications are wrought with bias, misinformation, omissions, and in some cases demonstrable lies.  "It's a tragedy that these organizations aren't held accountable for misleading people," DireWolfM14 stated in a recent interview.  "The fact that they can omit relevant information from a news story allows them the steer a certain narrative, and promote bias within their readership, a bias that may not develop if the readers were well informed."

When asked to provide a specific example DireWolfM14 was quoted as saying "Just pick up any news paper that has written an article or Op-Ed about bitcoin, and I'll prove to you the reporter is a shithead who doesn't know his ass from a hole in the ground."

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.  

Very simple solution. Print and clearly declare opinions of people from as many sides as you can identify and sensibly fit into an article. If you still feel like commenting afterwards you can do so at the end of the article. Anything else is bullshit and not journalism.

So if someone's getting shit for writing crap he's getting it in all fairness for being a journalistic failure.

[JayJuanGee]

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

First, you seem to be skewing the ages a bit young, here. 

Maybe in shitcoins, the ages are lower like you suggest.

Second, you can start to withdraw 1% per quarter at any time without too BIG of a likelihood that you will draw into principle too much.  You should not have to wait for supra $20k prices to begin your withdrawal plans.  Of course, if your specifics might vary, depending on your average cost per BTC and I am kind of assuming that you are already in profits that are likely 5x or more.. but if your profits are less than 5x, then I see why you might be waiting until $20k plus before you start cashing out.

[JayJuanGee]

Going into that very very very early HODLsleep

Goodnight WO-bro’s

Btc keep up the pump

BoB please do please your Karhu!
Its just needed for us all.

It's the vegetarian diet your girlfriend has you on, you're running out of caloric energy to stay awake and now are falling asleep dreaming of eating pork. Mic you need a rack of ribs and a beer stat!

Though from all the meat I ate before..... the least I ate was pork

Now let me HODLdream of eating a Green Dildo (no homo  )

Thanks for the "no homo" clarification.    

[vroom]

I'm just going to leave this here: http://www.loser.com/

[JSRAW]

https://medium.com/coinmonks/bitcoins-bull-run-this-is-what-s-different-compared-to-2017-28d239cd7256

Main and only points to read:

1. Retail vs institutional money
2. Geopolitics - Big game
3. facebook

[DeathAngel]

Good morning guys, nice to wake up to an overnight pump, I see we even briefly touched $12,000 again. The next 3 or 4 days will be interesting. We could creep back over $12,000 again & stay there, who knows a weekend AYH could come

Hopefully we don’t go back to 4 figures because that would suck.

[Majormax]

.....

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.

Pretty standard investment regulation... Derivatives of complex/risky instruments are limited to knowledgable ( 'professional' ) traders only. This is already the rule on many trading platforms, it will just be extended gradually to the more regulated Crypto exchanges.

[kenzawak]

Good morning guys, nice to wake up to an overnight pump, I see we even briefly touched $12,000 again. The next 3 or 4 days will be interesting. We could creep back over $12,000 again & stay there, who knows a weekend AYH could come

[wwzsocki]

The Crypto Fear & Greed Index jumped in last month from 27 which means FEAR, to 79 showing Extreme Greed. This is good in my opinion because more greed equals more buying.



If you want to check Crypto Fear & Greed Over Time go to https://alternative.me/crypto/fear-and-greed-index/.

[JSRAW]

^ when 90 or 100%?   waiting passionately.....

[realr0ach]

A Republican president posting on Twitter arguing America should convert to a communist command economy haha.



But it's not even his real motivation.  Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation.  The only three options are:

1)  Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat.  It would send some assets and physical metals to the moon and create hilarious levels of income equality.  Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer.  The nation would probably implode two days later.

2)  Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts

3)  Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system

[Wilhelm]

A Republican president posting on Twitter arguing America should convert to a communist command economy haha.



But it's not even his real motivation.  Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation.  The only three options are:

1)  Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat.  It would send some assets and physical metals to the moon and create hilarious levels of income equality.  Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer.  The nation would probably implode two days later.

2)  Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts

3)  Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system

You are wrong. The US monetary system (and the EU too) is debt based and made to work optimally under ever increasing debt.
Check out the youtube video "The biggest scam in the history of mankind"

As long as people use and believe in the dollar they can keep printing (generating money). This requires politicians to do the acting game.

If you go back to the gold standard you will need to be accountable and have the gold on hand. Being accountable is not something politicians are good at ;-)
There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.

[fillippone]

There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.

And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.

EDIT:
Yes, tungsten filled Bullion is a real thing, even for expereinced traders: How A Manhattan Jeweler Wound Up With Gold Bars Filled With Tungsten


EDIT2:
Intreesting read on the topic: How Germany got its gold back

[Wilhelm]

There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.

And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.

I was told  that the rate they got their gold back was exactly the same as the some US goldmine
* Probably a conspiracy story, but interesting *

[mindrust]

Almost everything we have right now, including iPhones, the internet, tesla, google, led tv's, bmw etc etc all these exist because of inflation.

What really happens is, inflating FIAT currencies are stealing intellectual properties from those who invent them.

Overpopulation + inflation = cheap brain power for new inventions

If we were still living under the gold standard world population wouldn't be more than 2-3 billions rn probably but iPhone wouldn't exist neither.

While FIAT currencies  steal from people, people also have to steal from other people in order to survive, some call this "competition"

Mankind had to make that sacrifice. It seems the Tech is advanced enough.

Now Thanos (with yellow hair) seeks ways to delete that excessive population.

[Wekkel]

Interesting proposition but is it true?

[Gyrsur]

There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.

And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.

EDIT:
Yes, tungsten filled Bullion is a real thing, even for expereinced traders: How A Manhattan Jeweler Wound Up With Gold Bars Filled With Tungsten

I've checked when the discussion within the Gov startet to bring home all German Gold (second largest Gold reserve worldwide after United States of America) and it was in 2012. over 50% ALL of the German Gold was at this time in US (New York), UK (London) and France (Paris). Paris is emptied now but I dont know exactely about  London. And our friends in America disagreed about to inspect the Gold Reserve of the German Gold in New York.   but public discussions about that in the German press were suppressed.

EDIT: the plan was changed somehow to "not to bring all the German Gold back". Paris yes fully. New York some Gold and London nothing brought back.

https://translate.google.de/translate?hl=de&sl=de&tl=en&u=https%3A%2F%2Fwww.handelsblatt.com%2Ffinanzen%2Fgeldpolitik%2Fbundesbank-warum-das-gold-ueberhaupt-im-ausland-lagert%2F11151440-2.html

During the Cold War, it was quite intentional to keep German gold "west of the Rhine" and as far as possible outside the country's borders.  Since the introduction of the euro on both sides of the Rhine, at least for the location of Paris, there is no longer the argument that the gold stored there can be exchanged for foreign currency in a crisis situation. Therefore, this storage location is to be dissolved in the coming years.

That does not apply to New York and London.  As a result, only 300 out of more than 1,500 tonnes of gold are shipped from the United States to Germany, while the 35,640 bars in London remain unaffected.  There are good reasons for this, as Thiele emphasizes: "Gold can be loaned in the event of a crisis or exchanged for another currency.  Therefore, part of the gold remains in the deposits in New York and London."

EDIT2: FT article and also the article above are to calm the ordinary people. speaking the truth in Bitcoin terminology: "Your Keys, Your Bitcoin. Not Your Keys, Not Your Bitcoin"

[rdbase]

https://medium.com/coinmonks/bitcoins-bull-run-this-is-what-s-different-compared-to-2017-28d239cd7256

Main and only points to read:

1. Retail vs institutional money
2. Geopolitics - Big game
3. facebook

You cant forget about the usual tether printing of billions to pump the price which happens every time there is a bull run.
Looks like china pumped the price past $12k last night despite americains being too busy to trade their bitcoins.
Shooting own rockets to the moon.

[ivomm]

Funny video 
https://www.facebook.com/DankCoinMemes/videos/2255367118108623/