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Question: Sept. 21 Closing Price:
$0 - 3 (3.5%)
<$8,000 - 4 (4.7%)
$8,000-$8,500 - 1 (1.2%)
$8,500-$9,000 - 1 (1.2%)
$9,000-$9,500 - 2 (2.4%)
$9,500-$10,000 - 6 (7.1%)
$10,000-$10,500 - 16 (18.8%)
$10,500-$11,000 - 18 (21.2%)
$11,000-$11,500 - 17 (20%)
$11,500-$12,000 - 5 (5.9%)
>$12,000 - 7 (8.2%)
>$20,000 - 5 (5.9%)
Total Voters: 85

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21368768 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. (106 posts by 21 users deleted.)
realr0ach
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September 11, 2019, 06:17:19 AM

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it. Wink

The day the through-hulls erode and you take on water and die so you don't have to hear about any more digital shitcoin scams.
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September 11, 2019, 06:24:24 AM

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it. Wink

I don't think this means what you think it does.

You are happy when you buy a boat because you'll be experiencing new stuff which you haven't before.

You are happy when you sell it, not because the boat was a pain in the ass to maintain. It is because you have what you wanted from the boat and you are happy with the memories you have. I haven't been there done that but I imagine it makes the person even happier because you get some extra cash too by selling it.

If a person is happy just because he is getting rid of his boat, he either bought the wrong boat in the first place or he is simply bored.

I can't imagine myself being happy for selling my favorite toy.

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September 11, 2019, 06:30:10 AM

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it. Wink
Exact same saying in Italian too: it must be true then!

<snip>

I think the way VB1001 is reporting that saying is actually how I always been told that sentences, nevertheless the one saying that to me kept buying boats! So yes, a little bit of irony is involved!

Edit: I actually lost all my private keys in a boating accident.
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September 11, 2019, 06:33:32 AM

Over the last year a ridiculous amount of hashpower has come online.  It has more than doubled since it's recent low 2018/19.

Who is adding the new machines?

Is there a new chip out there we have not really met yet?

I am seriously been waiting for a big gun like Samsung to start bringing their first chips online.

There just is not that much room to improve on either the base layer nor the logic. Silicon is at such a compressed node there are minuscule gains for the last few years and sha-256 is just a simple algorithm. Maybe there are some being kicked out on TSMC 7nm (I'm pretty sure all that capacity is spoken for way in advance right now) but even that would be exponential gains.

To get true gains would need as new substrate which it would be possible to see in this space but considering it would come from a company US owned rather than one in a dark nation there is small chance it will pop up in the blue. Similar to QC being on the horizon for the last what 5 years now?

I dunno if some chip manufacturer wanted to get their own design up and running, even if it was the same specs more or less as the existing ones... a BIG house like Samsung could spin out a wafer or two and then bring up a big pile of machines all at once...

I would expect testnet hashrate would have shown some interesting things as well...


Bitmain just announced their new S17e and T17e, the sudden spike in hash rate could be related to "burn-in" testing of these @bitmain </sarcasm>:

https://shop.bitmain.com/product/detail?pid=000201909090946242359e6UNfR00660

https://shop.bitmain.com/product/detail?pid=00020190910142542689Q3nfwAtK06CE

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September 11, 2019, 06:45:37 AM

Maan $8k feels like a dream I would instabuy...

We all say that, but then when it comes we are all like, oh man I dunno...is 6k around the corner?

That moment when 50-100K is a dream, a instant buy.....

I always buy anyway. Today did it too. It is just it would be good to have more of those firesale prices before the big boom.

Already spent $500 on btc  this month. Will have another disposable income of $1000 next week. Probably will feed it to Bitcoin again.

Surely, I don't mind buying more BTC when the price goes down, but I don't really wish for it.

Probably we are in a bit of a different place, you and I.  Or alternatively, we just think slightly differently about it.

Currently, within my BTC investment fund, the ratio is about 96% bitcoin, 3% fiat and 1% shitcoins.  Therefore, a drop in value of my whole BTC portfolio drops so much of the total value that I merely prefer the BTC price to go up rather than down; however, I understand that BTC dropping from time to time is inevitable. 

Perhaps a bit of another problem that I am facing recently is a bit of a restructuring of how much I am selling.  For some reason, I think that I used to sell a bit more when the BTC price went up, maybe I was even bordering on 1.5% of the value for every 10% the BTC price went up, these days it seems to be a quite a bit less than 1% for every 10%, so maybe in that regard, I am not generating as much cash (relatively speaking) when the BTC price goes up in order to be anxious about the BTC price coming back down.

I understand that in your situation you are not selling anything, so the dips are your opportunities to "value buy" relatively speaking.

Maybe HODLers and accumulators like us start to think a bit differently, in a kind of natural way, once we feel comfortable with the amount of BTC that we have accumulated relative to our whole finances, and maybe that is part of my problem?  I came into bitcoin with a decently large lump sum, yet even though it took me more than a year to invest all of that lump sum in order to get where I wanted to be, you might not be in such position, yet, which kind of goes to show that investing can take a whole life time, but I still tentatively believe that bitcoin has a real decent chance to serve as a short cut to that whole wealth accumulation process, as long as guys, like you continue to recognize such opportunities and take action in the direction of continuing to build and accumulate and not getting too desperate with their underlying inclinations to engage in leveraging behaviors.
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September 11, 2019, 06:45:55 AM

Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.

Looking at charts couple of times per month is okay. Staring at charts every day is waste of time.
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September 11, 2019, 06:48:25 AM

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it. Wink

I don't think this means what you think it does.

You are happy when you buy a boat because you'll be experiencing new stuff which you haven't before.

You are happy when you sell it, not because the boat was a pain in the ass to maintain. It is because you have what you wanted from the boat and you are happy with the memories you have. I haven't been there done that but I imagine it makes the person even happier because you get some extra cash too by selling it.

If a person is happy just because he is getting rid of his boat, he either bought the wrong boat in the first place or he is simply bored.

I can't imagine myself being happy for selling my favorite toy.



Of course you enjoy it, but it's a constant ruin.

Mooring, revisions, a lot, a lot of fuel, the sea spoils everything, it is very beautiful but in the end you sell it and buy a smaller one if you like the sea, a powerful outboard more than enough, to go diving or do water skiing with your friends and your girls. Wink
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September 11, 2019, 06:51:28 AM

I just remember reading through the GitHub commit timeline for BSV, seeing that they had decided to keep in dozens (or hundreds) of changes made by Core and ABC devs since 0.10. Its really only "Satoshi's Vision" if you believe Wright is Satoshi. That's the only way in which the "SV" portion of BSV makes sense as its pretty far from a return to the original protocol.

Well, other than the fact that it get closer each release.

Don't remember Satoshi ever espousing data storage in the blockchain.

Yet every Bitcoin-derived blockchain is capable of storing data.

good thing that the real deal bitcoin does not attempt to incentivize such stupid-ass behaviors to take away from its actual money value use case and security on the base layer, when there are plenty of other already existing and even more efficient systems that are more than able to adequately serve those kinds of storage of data functions.

In other words, the fact that bitcoin does not get distracted by stupid ass other use cases that are not related to monetary value and monetary security, that likely means that bitcoin is going to appreciate in value (street price) way the fuck more naturally and perhaps even violently upwards than any of the bitcoin imitators that get distracted by other less important use cases, especially on their base layers.
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September 11, 2019, 07:01:03 AM

Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.

Looking at charts couple of times per month is okay. Staring at charts every day is waste of time.

Most of the bitcoiners addicted to the price checking few times a day,not worse IMO.

But checking the prices every 5 minutes will give serious psychological problems.
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September 11, 2019, 07:12:02 AM
Merited by Last of the V8s (1), Dunkelheit667 (1), JSRAW (1)

@JJG

You should charge for these personal portfolio cashing out strategies.


Hahahahahaha

Yeah... some people make money engaged in such work.  

I suppose mine is kind of giving back.

There are a lot of folks in bitcoin who provide a lot of free services, at least in terms of attempting to spread quality information.  

I feel that I have personally benefited from the spreading of quality information by others, and surely if there are folks out there who are willing to do a bit of homework and brainstorming regarding their own situations, they can benefit from such free information on the interwebs and become stronger HODLers of bitcoin, because they are able to sort through their making of their plans which leads to carrying out of their plans, whether it happens to be their accumulation plan, their maintenance plan, their selling plan or some combination of the above.  Whatever stage of bitcoin(er) they happen to be.
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September 11, 2019, 07:32:34 AM

Just got this error (from the board) when posting

Quote
An Error Has Occurred!
Hacking attempt...


Has anyone seen this before?

I have never seen that message before.  You are talking about posting to this forum, right?  This thread, too?

Just got this error (from the board) when posting

Quote
An Error Has Occurred!
Hacking attempt...


Has anyone seen this before?

keep calm.
the thinking is theymos is tinkering about

edit confirmed https://bitcointalk.org/index.php?topic=5183521.msg52419213#msg52419213

Rescued by V8... Fastest forum member in the universe, when he is not distracted by real life.   Wink
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September 11, 2019, 07:59:27 AM
Merited by Last of the V8s (1)

^

This image deserves at least 3 merits.

I disagree.

You all dump on r0ach for his hateful rhetoric but if you support the image above along with it's caption then you are no better than him.

Have a fucking heart man.

I was going to refrain from this one, but after I saw several responses, I changed my mind.

 I will say that I think that V8 is fine with his image, and his image seems to communicate a point.  Maybe we do not agree with the point or how it was communicated, but it is within a range of V8's discretion and his, perhaps  lame attempt at humor ... haahahahahaha... .

By the way, there are certain kinds of jobs that require certain skills and abilities, which seems to be a truth of the post, and V8's post attempts to humorously communicate irony of that point, perhaps lamely, as I mentioned and perhaps some folks won't get his humor or consider him engaging in micro-aggressions.. which I don't agree with those assessments, but of course, disagreeing is fine, also. 

Anyhow, degree makes a difference, so in that regard, from time to time, Roach is at quite unacceptable extreme in the level of his hate and even what appears to be his calls to action in carrying out various forms of hate.  Saying V8's post is the same as Roach's baloney mumbo jumbo quite misses the mark in the creation of a very much false equivalence.   
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September 11, 2019, 08:00:29 AM

Bitmain just announced their new S17e and T17e, the sudden spike in hash rate could be related to "burn-in" testing of these @bitmain </sarcasm>:

Surely they burn-in on a private blockchain. Right? Right!
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September 11, 2019, 08:13:56 AM

Bitmain just announced their new S17e and T17e, the sudden spike in hash rate could be related to "burn-in" testing of these @bitmain </sarcasm>:

Surely they burn-in on a private blockchain. Right? Right!

Naturally... It that was not the case, we would be talking about a Chinese company involved in unethical business practices...
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September 11, 2019, 08:26:03 AM


They look nice. If I started such collection, I would be accused of collecting shiny objects.


Collecting shiny objects?  Say it ain't so...

 Smiley


Just in case the shiny objects are traceable, I am going to preserve my opsec.   Tongue Tongue
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September 11, 2019, 08:49:00 AM

~Snip~

+1
Holy Moly Stash management 101

Tweak it a little bit JSRAW?  Something like that might work for you?  Perhaps?

Yeah, it could, for sell plans everyone needs their tweaking according to their target, situations, etc. Timing of price increment in each stage is crucial, though. Unfortunately, no one can predict this scenario or downtrend, so I am not rigid with my sell stage.

Before, I start to comment, let's remember, again, that I was responding to some of the goals that mindrust had presented, including that he was planning to cash out everything at $100k, so the parameters of his thinking was different from yours,  even though some variation of that same cashing out projection could still work for you, JSRAW, with some tweaking... and maybe even you would not start cashing out until after $150k or whatever is comfortable for your situation...  
~Edited ~

Sir, Yes, sir, I remember. And your calculation was spot on, in the context of mindrust and I agree with almost everything which you mentioned in your reply to me.

I have okay stash despite entering very late into BTC or crypto in general (Aug, 2017). Luckily I benefited from the last bull run, and this helped me to acquire more corns religiously in the bearish trend, meanwhile my 50%-80% monthly salary comes in BTC too, which i hardly cash out. So I divided my stash into 2 small stashes according to my current needs.

Yes.  Surely, earning that percentage of your income in BTC can require a certain amount of cashing out on a regular basis, unless you are targeting that level of accumulation, which I usually tell regular peeps that they should start out by accumulating 1% to 10% of their total investment portfolio in BTC; however, if BTC appreciates, then I would not necessarily recommend reallocation unless the person really does not have any back-up investments.

Surely, these days some people are thinking differently in terms of whether they should have some traditional investments, and it could be a bit of a different story if you have already gotten locked into some of them or whether they are fluid investments, or if there are penalties for moving them around.

I am also not opposed to starting out by investing fairly heavily in one investment, especially when you are younger, and then to branch out after you have already decently established yourself in the investment, which could be quite applicable to a bitcoin investment.



1. The first stash is for the next bull run, and I can follow a more or less similar strategy which you suggested but with slightly different sell zone and % with some tweaks. I can even fancy my early retirement with this BTC stash, but retirement in age of 32-35 doesn't suit me, which I have mentioned a couple of times.

Fair enough.  I will speculate that if you have 10x or 100x the amount of your most bullish expectations then you might consider a kind of retirement or change of activities, but who knows.  I think that levels of rich can change perceptions, but we cannot really count on such things happening. 

By the way, probably, currently my level of rich is only about 2x to 3x of my most bullish of expectations from a few years ago, so I am not quite in the stage of life changing levels of richness, but I do feel quite good about where I am at.  On the other hand, if bitcoin does another considerable exponential growth, then that is going to change matters for me in terms of actual action.  I am o.k. it if does or if it does not, and either way, I am expecting to have some decent fun in the coming years.

But if it does go shooting up, then surely I am going to have to up my game, and maybe even rethink some of my activities to a kind of higher level, which is not a bad problem to have.. but "the next one" is still not a bird in the hand, and it remains only a theory or a possibility at this point.

2. Second is Long Term Aka retirement Stash, which fixed for a minimum 15-20 Years or more and I strictly want to maintain this percentage with at least 40% of my total holding due to my future plans, and it doesn't include any hooker,blow or any material thingy etc. shout out to gang : Not a party pooper though. Grin

hookers, lambos, blows, yachts and other luxury items are just symbols or fun expressions.  Of course, there is going to be variation.  You party poop.


With my second stash, I am hoping that BTC is not going to lose its value in the next 15-20 years, but in case it happens, then I am going to act accordingly and look for another option ofcourse. speaking of another options i do have 6-8% of shitcoins in my portfolio though Grin. 0 Bcash.

Good to have other possible plans, just in case BTC is not worth more in the future.  That's for sure.  Regarding your bcash stash, sorry for your loss.

BTC is first investment of my life but its not the last.

Yes.  You may need to diversify, at some point, but it might not be a problem for you to continue to build in BTC,and then find a point of comfort for diversification, and of course, as long as BTC goes up then you will be in a better and better position to figure out what kind of diversification works for your own comfort level.
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BTFD, on to 15K a coin !!!!


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September 11, 2019, 09:16:51 AM

micgoossens
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BTFD, on to 15K a coin !!!!


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September 11, 2019, 09:19:26 AM



Who's on which button here ??
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BTFD, on to 15K a coin !!!!


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September 11, 2019, 09:22:06 AM
Merited by LFC_Bitcoin (1)



https://twitter.com/100trillionUSD/status/1171487517347991553?s=20
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September 11, 2019, 09:33:40 AM
Merited by VB1001 (1)

I have seen some comments of yachts.

When you have a boat there are only two happy days:

- The day you buy it and the day you sell it. Wink



Look at this picture and tell me you don't want it  Grin

Maintenance costs on a 100m ($200M) super yacht aren't that bad

Costs per year
$4,000,000 to $15,000,000 on maintenance
$2,000,000 on crew (30 crew supplement)
$350,000 dockage
$300,000 on provisioning (food/drinks/wine cellar/etc.)
$240,000 insurance
$36,000 on navigation, TV, etc.

Other costs
$1.1 million on refits every few years


Totaling at something like $7M to $20M a year ....

So it's not as bad as you think....  Wink
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