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

[JayJuanGee]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

[...]

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

Funny, those are the first things I would skip to not have to spend my bitcoins.

Meh, I do understand P_shep, if some things can bring joy in your life then you gotta do some of those things.....

I feel a little bit badly, because similar to Jimbo, I am likely transitioning more into a kind of liquidation phase of my life, but that should not signify that I do not understand the trade offs that take place when guys (and gal) are in an accumulation phase.

Accordingly, I doubt that it is a good mindset to get into comforts of consumption and asserting that bitcoin has allowed you to consume more, especially if you are exercising that consumption and taking those rewards in such a way that is robbing from your future self.

Yeah, do whatever you want, it is your choice and your life, but I really doubt that I would be anywhere near as comfortable as I am today financially (which also gives psychological benefits, too) if I had been overly rewarding myself along the way.  Sure, there are ways to be frugal with your consumption and still live it up in various ways, but until guys and gal establish means in which they do NOT have to draw from their BTC in order to consume or NOT able to time their consumption towards ensuring that they are ONLY cashing out during times in which the BTC price is at high points rather than stripping themselves of their BTC stash, there should remain efforts to assess if guys (and gal) are still largely still building their BTC stash, especially during what they would be considering their accumulation phase.. and within parameters of their stash targets.

Sure, when I got into BTC in late 2013, I was likely advantaged in several ways because I already had a decent amount of capital that I could move from other investments into bitcoin, but I still wanted to attempt to control my entrance into bitcoin.

I created some BTC accumulation targets for myself, and I had some FOMO feelings, too, and I was kind of feeling stress that I was NOT going to be able to meet my own BTC accumulation targets... because the way that BTC prices were kind of staying high, so yeah, I welcomed dips and continued to buy, and some people would accuse me of being dumb because I was buying BTC all along the way through the whole 2014 downtrend, rather than waiting for the BTC price to go down (which was far from certain in my thinking and so in some sense I had to hold myself back from blowing all my allocated wadd of fiat too soon in terms of my ongoing purchasing of BTC and to continue to pace myself throughout).   

There is a certain amount of artificiality in a lot of these considerations about goals of how many BTC is wanted or how many dollars should be spent and blah blah blah because sometimes my goals would be established in terms of quantity of BTC that I artificially thought that would be good to have, but then there was also some measurings in terms of the dollar value, which was kind of strange too, in a kind of juggling sense.  So, everyone likely can appreciate what was happening to me during the 2014 and 2015 period, there was some perception of the amount of BTC was surely going up, but the dollar value was going down and not even close to the value of what I had put in... sure other guys have talked plenty about that, too.

Even after I had felt that I had largely accumulated enough BTC in late 2014 and reached my goals (as my goals had gone up, too), I still could not feel comfortable spending BTC through the vast majority of 2015 or 2016, even though my BTC holdings had largely gone into profits territory.. so yeah, there was a bit more comfort the more that the holdings were in profits, to shave a bit off here or there and even reconsideration that I had already largely met my goals by late 2014, anyhow, so based on my having had really overinvested by continuing to DCA through 2015 and 2016, it was not like I was feeling like I had any shortage of BTC... in terms of considering my initial goals.. and then the subsequent price movements of BTC greatly going beyond the most bullish of expectations.

Accordingly, I might feel some guilt in some sense that I have no really druthers about shaving some BTC off here or there and even living it up from BTC, to the extent that I want to, yet I doubt that I could have reached such a status in my 20s or 30s because there is almost no way that I would have had enough capital to have been able to reach such a comfort levels, and surely my amount of leveraging, in any situation would have been limited, and even with decent leveraging, it would have been quite difficult to reach real comfort levels in terms of feeling that I had accumulated enough in order to transition into consumption with my BTC.. and then regretting the consumption later, anyhow, I am going to stop for now, since I might (perhaps?) be getting a bit repetitive here anyhow.. not that it matters, too much... 

[El duderino_]

Go elsewhere with altcoin shilling

[El duderino_]

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

[...]

Basically, the situation I'm in is if I didn't have BTC to supplement my income I'd have a very sad life; never eating out, no holidays, no 'nice' things every-so-often.
I'm VERY lucky to have BTC. Very.

Funny, those are the first things I would skip to not have to spend my bitcoins.

Meh, I do understand P_shep, if some things can bring joy in your life then you gotta do some of those things.....

*FFS its Thursday

^

[serveria.com]

I think BTC is going to rise.

Ohh wow no sh*t?    You should start offering some paid financial/investment advice ASAP.

Edit: didn't even notice who posted this   living legend!  

Edit 2: first time I see a donator badge... impressive..

[jojo69]

I think BTC is going to rise.

oh   my   god

[JayJuanGee]

Oh it wasn't a real bet, don't be silly, just a joke really. god. anyway i don't have that kind of money any more, it all went in a goating accident a while back. god. you people shouldn't take yourselves so seriously, nerds.anyways i let my cousin's friend use this account soemtimes so you just don't know what you're talking about..

Hahahahahaha

That's what bossian is going to be saying to LFC, either in late 2020 or in early to mid 2021... hahahahahaha..   You must be channeling the future Bossian.  


By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

[Last of the V8s]

I think BTC is going to rise.

oh   my   god

he seems well https://www.youtube.com/channel/UCWqPhofXxGG3CQ5P7DTvM7g

[Last of the V8s]

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

[Dabs]

I think BTC is going to rise.

Oooooh... hey there tortilla ... remember me?

[LFC_Bitcoin]

Only just saw @jack Twitter bio -

[JayJuanGee]

but then i figure if folks like me we not actually using bitcoin what good is it?

so, no regerts.

Fuckin' a dude.

If nobody uses said commodity for its intended purpose, it is indeed no different from a Ponzi scheme. I can't help but think if there was more people with your mindset, Bitcoin would have arrived to a greater degree within the mainstream than it currently has. However, it is doing just fine, so hodlers HODL on, if you must.

I'd be a millionaire by now if I didn't keep spending 0.1BTC here, 0.05BTC there on takeaways and stuff over the years.
I like to think I helped the cause.
Though in reality, it probably ended up in the hands of whales :/

If you are in the accumulation phase of your bitcoin, then any spending of bitcoin should be obviously considered as having a replacement (a subsequent buy).

Once you get to your maintenance or liquidation phase, then you are likely to have a bit more flexibility, which might allow you to  consider the size and/or portion of your bitcoin a little bit differently, and surely maintenance means what it's name implies.....

In other words, no matter what phase you are in, you should be considering how you are spending your money in terms of gresham's law, and of course, spending the worse monies first, and if you are really depleting the size of your bitcoin holdings because of spending, then you likely have invested too much into bitcoin....   I am not saying that there is NOT any value in spending bitcoin, and I have spent some and found some value in trying to play around or figure out the bitcoin ecosystem in that direction... ... and so spending bitcoin would merely amount to whatever it's dollar value at the time, and so who fucking cares if it would add up to a $million right now.. because you still have to live, and most people can only stock so much away into investing, anyhow.

Right, I mean this all makes sense to me, but at the end of the day, Bitcoin's utility is what gives it its value. Gold doesn't have value just because it is scarce, it has value because you can do cool and/or useful shit with it. If everybody just HODLs bitcoin and nobody actually uses it, then we have a Tragedy of the Commons type situation on our hands where everyone is acting out of selfish interest at the expense of the common good, which inevitably dooms everybody.

Then there's this line of reasoning which I think is also relevant:

You are making the same point twice... and quoting Eric Voorhees... and both of you are incorrect...   Fuck that bullshit.. .  

Of course, you can spend bitcoin if you like, and there are plenty of folks spending it, but there is no reason to rush into such attempting to assert that bitcoin is less valuable because you cannot spend it enough today...   Yeah, it would be nice to ask my neighbor to take some bitcoin from me, but more than 90% of my neighbors don't know what the fuck bitcoin is...

I don't give any shits, and I can spend other kinds of money until they start to catch on and they end up buying from me at $75k... or whatever is the price when they start to understand the value of king daddy...

Anyhow, if you have other kinds of money to spend, then spend that crap, first.   The spending of bitcoin and the desire to spend bitcoin will come when it comes.... and surely, if had some kind of emergency, I can cash out some of my bitcoin for that, even if the vendor is NOT going to take it directly..,. There continue to be avenues to cash out bitcoin.. at least, so far, even though there does seem to be some passive/aggressive wars on bitcoin too.. such as shutting down of Local bitcoins and such as exchanges becoming more hostile and freezing liquidation avenues.

Regarding gold having value, it likely has less value because of its various utilities like industrial uses and jewelry.. I doubt that gold has value because of those industrial uses.. even though having gold as jewelry can be a decent way to transport some value without anyone really noticing..  

Gold seems to get a decent amount of its actual value from its scarcity and durability, and sure tangibility used to be a thing with gold and to be able to show it off.. and perhaps some of that tangible value in gold might come back during an apocalypse, Armageddon or something like that, but I am not going to spend much of my energies preparing for Armageddon.  

Most of us here should realize that bitcoin's value comes way the fuck more from how valuable it is in the scarcity sense and the ongoing sound money aspects including future expectations regarding how it's various use cases and adoption will continue to increase because of its soundness.  

Sure there are some systems in bitcoin that are going to be developed and continue to be developed to allow increased means to spend or cash out of bitcoin (and maybe even awareness will make it easier to just ask your neighbor if they will accept the payment in bitcoin), which surely are good things, but still no need to rush that shit.. and let those various shitcoins take up some of that spend as soon as possible space... that is if anyone trusts to hold any of those shitcoins long enough to transact in them..  

[cAPSLOCK]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

[JayJuanGee]

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

I would not take the other side of that bet, even though I proclaimed it in a kind of trollish way.  Hey, seriously thinking, though, $3,122 might have up to a 2.33321% chance of happening in the coming few years. I am still not going to bet it, though, even if there were a way to structure a bet that allowed me to have my chosen odds. 

I was thinking though, that there could be a way for you to just delay payment, beyond expectations without having to really put anything up..  - the bossian way.     Take advantage of hairybairy being a "nice guy"  Test his limits.  I have some relatives that do that kind of shit... then no one trust them and they just continue to spiral down and down and down.  Just trying to be helpful, here.   

[Last of the V8s]

Hmm Risto's trust page is a shitshow.

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

I would not take the other side of that bet, even though I proclaimed it in a kind of trollish way.  Hey, seriously thinking, though, $3,122 might have up to a 2.33321% chance of happening in the coming few years. I am still not going to bet it, though, even if there were a way to structure a bet that allowed me to have my chosen odds.  

I was thinking though, that there could be a way for you to just delay payment, beyond expectations without having to really put anything up..  - the bossian way.    Take advantage of hairybairy being a "nice guy"  Test his limits.  I have some relatives that do that kind of shit... then no one trust them and they just continue to spiral down and down and down.  Just trying to be helpful, here.  

I guess you're right, there is that tiny chance. But I am not a betting man really.
Thank you for this advice now. Hairy can beg for his fake bet tx

[JayJuanGee]

Good morning, being above 10,000 looks good.



They say the same as us, but they go into more details.

ergo, JJG is female.

His salty cunt does qualify him for quasi-female status.

Aren't "we" (that is not "royal" we, by the way) in a bad mood today?   

[JayJuanGee]

Hmm Risto's trust page is a shitshow.

By the way, V8, maybe you could negotiate with HairyBairy to extend your bet by another year?  Of course, you are going to be right sooner or later, it is just a matter of time, no?

Wanna bet?
No seriously JJG it's never going back to 3122. Gut-wrenchingly low maybe, 3122 no. Not even a wick.

I would not take the other side of that bet, even though I proclaimed it in a kind of trollish way.  Hey, seriously thinking, though, $3,122 might have up to a 2.33321% chance of happening in the coming few years. I am still not going to bet it, though, even if there were a way to structure a bet that allowed me to have my chosen odds. 

I was thinking though, that there could be a way for you to just delay payment, beyond expectations without having to really put anything up..  - the bossian way.     Take advantage of hairybairy being a "nice guy"  Test his limits.  I have some relatives that do that kind of shit... then no one trust them and they just continue to spiral down and down and down.  Just trying to be helpful, here.   

I guess you're right, there is that tiny chance. But I am not a betting man really.
Thank you for this advice now. Hairy can beg for his fake bet.

Snap out of it, V8.  You appear to have been watching too many trump speeches.



You will thank me, later.   

[Last of the V8s]

@Cora
maybe we found something bitcoin doesn't fix?

[DaRude]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

Hmm there's only one way to know for sure, lets wait to see if it starts shilling monero again

[HairyMaclairy]

I can confirm that V8 is an Officer and a Gentleman. In fact, he has actively chased me to pay his dues.  Kudos. 

[kurious]

I think BTC is going to rise.

Look a ghost!

Someone hacked Risto's account?

Hmm there's only one way to know for sure, lets wait to see if it starts shilling monero again

Most of the Monero OG crowd might prefer he didn't speak for the coin, he disappeared under a cloud.  Last I saw anything about him was when the castle burned down around the time of rumours he'd gone off the rails...