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

[fillippone]

I dabble in GBTC because I can trade it in IRA and the realized gains are not taxable (that is, until I take $$ from the account).
If i can simplify @fillipone's great thread it would be that I invest in GBTC to "gorge" on the increased premium during the bull run.
During the last bull market premium topped 100% at least a couple of times.
If something similar would happen again, it would outperform btc in $$ terms.
That said, it's not a major position for me.

Well, I think that I would do the same if I were in the position to trade net of taxes.
Better pay taxes tomorrow, rather than today. And I am sure that If my Tax burden is BIG enough, at the end eventually someone will find the way to avoid that (funny): maybe defaulting on a GBTC - collateralised loan from my bank? Everyone would be happy!

But, wait! we should be discussing this on that thread, not here!

^^ Nice wall of text JJ!

<....Link to a Wall of Text>

Holy fuck!!!!

Your walls of text, fillippone, surely put my relatively non-substantive and insufficient walls to shame.

I feel so little (on behalf of my walls)... relatively speaking.



Just like Boxer (referring to Animal Farm) I must try harder.

There, it took a while to search for it, JJG

JJG³: The Italian Job

Wait actually that is unfair, they don't compare. fillippone's English is very good, and his content too.

JJG³: #rekt in Italy

Dear Lord, there’s an inside Joke and a 22k pages thread. I think I’m lost.

I think I just joined the WO family, It was maybe a reaction to my first post here, and @Last of the V8s compared our WoT's!

[1714169900]

1714169900

[1714169900]

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[Ibian]

Boxer was an idiot. So, fitting.

[JayJuanGee]

^^ Nice wall of text JJ!

<....Link to a Wall of Text>

Holy fuck!!!!

Your walls of text, fillippone, surely put my relatively non-substantive and insufficient walls to shame.

I feel so little (on behalf of my walls)... relatively speaking.



Just like Boxer (referring to Animal Farm) I must try harder.

There, it took a while to search for it, JJG

JJG³: The Italian Job

Wait actually that is unfair, they don't compare. fillippone's English is very good, and his content too.

JJG³: #rekt in Italy

Dear Lord, there’s an inside Joke and a 22k pages thread. I think I’m lost.

I think I just joined the WO family, It was maybe a reaction to my first post here, and @Last of the V8s compared our WoT's!

Wow!!!  I don't recall even seeing that additional historical beat down that I had received.

Sucks to be me.    

Makes me feel like the Rodney Dangerfield of the WO thread, if I could hold myself out so presumptuously.

Boxer was an idiot. So, fitting.

You see what I am trying to say?... even a fucking retarded pickle like Ibian one-upping me....  

 

[marcus_of_augustus]

You know @pashaas, you just exaggerating. Men get real, read arguments of the other side. Take a deep breath.  World will look much brighter

#lockdownsceptics

You and LFC are not the brightest people around here isn't it?

If both of you understand why hospitals are getting overwhelmed than you will realize how much full of schit you both are.

Hospitals aren't overrun though.

... that was the point of the lockdowns, to buy some time, wait for vaccine/treatments and stop hospitals getting overrun, triaging and fatality rates going up to 5-10%.

I'm pretty sure with the lockdown release and subsequent second wave we'll see hospitals get overrun everywhere now, let's see, happy to be wrong on this one.

This is a marathon, not a sprint. Wuhan lab birthed bio-engineered Sars-CoV-2 into the world and it's not going anywhere now. Some reports have it as a bio-weapon that's been designed to be around for at least 2-3 years for maximal disruptive effect.

[degxtra1]

For Everyone still beliving in dedaly COVID 19 virus - please do something for yourself and read bellow link.

According to the latest immunological and serological studies, the overall lethality of Covid-19 (IFR) is about 0.1% and thus in the range of a strong seasonal influenza (flu).
In countries like the US, the UK, and also Sweden (without a lockdown), overall mortality since the beginning of the year is in the range of a strong influenza season; in countries like Germany, Austria and Switzerland, overall mortality is in the range of a mild influenza season.
Even in global “hotspots”, the risk of death for the general population of school and working age is typically in the range of a daily car ride to work. The risk was initially overestimated because many people with only mild or no symptoms were not taken into account.
Up to 80% of all test-positive persons remain symptom-free. Even among 70-79 year olds, about 60% remain symptom-free. Over 95% of all persons develop at most moderate symptoms.
Up to 60% of all persons may already have a certain cellular background immunity to Covid19 due to contact with previous coronaviruses (i.e. common cold viruses).
The median or average age of the deceased in most countries (including Italy) is over 80 years and only about 4% of the deceased had no serious preconditions. The age and risk profile of deaths thus essentially corresponds to normal mortality.
In many countries, up to two thirds of all extra deaths occurred in nursing homes, which do not benefit from a general lockdown. Moreover, in many cases it is not clear whether these people really died from Covid19 or from weeks of extreme stress and isolation.

https://swprs.org/a-swiss-doctor-on-covid-19/

You want us to read a link from what was formerly called Swiss Propaganda Research, whose editors are unknown (just like BTC-e's owners) and which is labelled as a source of disinformation. Okey dokey then.

uhmm.. labelled?
Mate, sorry tell me where they lie on their 1st page conclusions about Covidiot's19 plandemia you can find here: https://swprs.org/a-swiss-doctor-on-covid-19/, give at least one example (obviously as JJG could say on this occasion two, three or four or maybe even more lies examples would better).
But of course, it's labeled by your trustworthy source - so obviously smart guy like you don't need to read that...   That's for what we got labels !


Now, to you @pasha, and few others: read this again, shouldn't be labelled as biased - it's from NYT.

Dr. Horton called the paper retracted by his journal a “fabrication” and “a monumental fraud.” But peer review was never intended to detect outright deceit, he said, and anyone who thinks otherwise has “a fundamental misunderstanding of what peer review is.”

https://www.nytimes.com/2020/06/14/health/virus-journals.html

#fightcorruptedscience
#lockdownsceptics

[jojo69]

plot twist

LFC is an asymptomatic super-spreader

[JayJuanGee]

[edited out]

give at least one example (obviously as JJG could say on this occasion two, three or four or maybe even more lies examples would better).

I might be being misinterpreted in regards to my historical thoughts on evidentiary burdens.

How much evidence any member might need in a forum like this in order to sufficiently substantiate claims remains a bit of a discretionary judgement call regarding what the member believes that s/he had been attempting to show and whether or not the evidence that the member had provided had been sufficient and/or whether the claims had been undermined by counter-evidence (in this case, Yefi's response).

For example, if yefi's rebuttal sufficiently undermined your initial proclamations and evidence, degxtra1 (which did seem a bit extraordinary), then there might not be a need for Yefi to provide more examples of his rebuttal of your claims because the burden would have been on you in the first place to provide extraordinary evidence to substantiate your extraordinary claims or maybe in a lesser scenario to at least resubstantiate or buttress your earlier claim(s) that had already come off as a bit weak or extraordinary on their face.  

By the way, I had been trying NOT to take sides on this one, except when my initial were mentioned, as I thought through the matter and reviewed some of your seemingly dogmatic points, degxtra1, I had initially thought that you were a bit full of shit in what you had been proclaiming, yet, I will admit that the topic seems to be kind of getting away from me in terms of the details, so I remain somewhat unsure whether Yefi's response had sufficiently undermine your original seemingly weak and extraordinary claims or not.. because the burden might have been on you, degxtra1, for the whole time, and you had merely just failed to provide a strong enough case in the first place.  

TLDR:  In other words, the mere fact that a member (namely yefi) attempted to rebutt your claim does not shift the burden to that rebutting member if you had provided a weak claim in the first place.  

plot twist

LFC is an asymptomatic super-spreader

Good thing that LFC has been ongoingly HODLing his BTC because we would not want him spreading contaminated BTC around.

Go back in your house, LFC.. and don't come out until BTC reaches $56,789.01!!!!!!   You are not even allowed to window-shop for trips, lambos, hookers or blow (or yachts either), until we reach the proper BTC price threshold.... 

[Icygreen]

So you want some truth?  Legend, whomever put this together.
Gill Bates adgenda:
https://www.youtube.com/watch?v=sSK8zjaBmVg

[lightfoot]

I will say, Bill Gates is a dickhead. The shit he pulled on Paul in the 90's was just sad....

[Tash]

I will say, Bill Gates is a dickhead. The shit he pulled on Paul in the 90's was just sad....

Paul understood the code and made it all work, same with Monte Davidoff who was hired in 1975
Bill's roll is to play the young start-up, the wiz kid. Serious business is all done by father and other string pullers at that time,

Bill’s mother working at management at IBM was in a position to get the hands on the operating system as IBM hat develop the new much better Unix written in C. The old was of no use any-longer, to basic.

High shool friends.... or a kid watching a grown man do some work? Bill Gates born 1955


The story is that in 1969 after you sold a lemonade you went to the tech store and bought a ASR-33 Teletype


MS-DOS released on August 12, 1981
First windows was released in November 20, 1985
Windows 3.11 November 8, 1993
Windows 95
and then in a universe far far away
The Xerox Alto from 1 March 1973 with 3 button mouse, gui, overlaping windows, network startup/operation, lots of games,... Roll Eyes
https://www.youtube.com/watch?v=9H79_kKzmFs

The Wang 2200 S from May, 1973
http://www.wang2200.org/images/cpu_2200s.jpg

[Biodom]

A sad trader story..

https://www.marketwatch.com/story/finance-isnt-worth-losing-your-life-over-the-heartbreaking-story-of-a-rookie-trader-who-racked-up-700000-in-debt-2020-06-14

Somehow, the guy levered his $16K account to get a $700K position
No leverage, please, unless you want to lose your btc.

[rdbase]

Havent been on the good ol' WO thread in a week and what I see first thing is about Kill Gates. Atleast that is his new nick name for some of the stuff he is trying to pull during the pandemic to have everybody chipped like dogs.
He has gotten bored in his old end of life I would assume.

A sad trader story..

https://www.marketwatch.com/story/finance-isnt-worth-losing-your-life-over-the-heartbreaking-story-of-a-rookie-trader-who-racked-up-700000-in-debt-2020-06-14

Somehow, the guy levered his $16K account to get a $700K position
No leverage, please, unless you want to lose your btc.

Some 20 year old kid committed suicide after going into negative $730k on his robinhood account. So it aint just crypto thats ruining lives right now.
https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#5e93cc155928
Might be the same person. Just saw it mentioned on mister down to $1300 livestream.
Anyways
Been on this for the past 1/2 hour watching Tone vays saying ethereum is a scam on his livestream from an hour ago.
https://www.youtube.com/watch?v=_PXU0thDHCU&t=1026s

"Tone vays is bearish saying down to $1k"

Scary times we all are living in right now.

[cAPSLOCK]

Hmm I have a bad feeling...   Like something around the corner.  Hope I'm wrong.

[jbreher]

having one or two million in silicon valley might just make you comfortable

I take it you've never been to (e.g.) Palo Alto?

[jbreher]

people who end up intubated stand a real chance of dying.

Hmm. I'm not really trying to argue that you are wrong. I'm currently hunkered down. While I resent what I feel is government overreach in the liberty/safety balance, I'm happy enough to be careful on my own recognizance. But the following had me scratching my head: https://www.youtube.com/watch?v=UIDsKdeFOmQ

I realize that this is an uncorroborated report, and it is anecdotal if true, at that. But it seems sincere, and has me questioning the entire medical response to this thing. At least in my mind.


edit: I see Tash beat me to it. Whatevs.

[jbreher]

One more story that has given me a lot of courage, believe me, it is not over yet, more stories will be made.

Mr. Smith worked at a Silicon Valley tech company when he purchased $3,000 worth of Bitcoin in October 2010. “I had no idea how much to invest, but I was getting paid pretty well at the time, so I decided on $3,000.” Because Bitcoin was worth only $0.15 a piece at the time, his initial investment gave him around 20,000 Bitcoins.

From the very start, Mr. Smith knew that he was playing the long game, deciding to see just how high Bitcoin could go. For the next three years, he hodled his investment, only occasionally checking how Bitcoin is performing. But when Bitcoin hit $350, and then $800 just days later, Mr. Smith knew that it wouldn’t be wise to wait any longer.

He cashed out $2.3 million, quit his job

He should never have cashed out as thats worth $190,000,000 today.

OTOH, going from wage slave to 2.3M is categorically different from going from 2.3M and free to 190M and free.

[jbreher]

^^^If not cashed out what the point of investing, taking it with to the grave?  $190,000,000 today billionare tomorrow.

Try reading this thread and learn something.

https://bitcointalk.org/index.php?topic=5255623.0

Jeebus. Is there a tl;dr version?

[jojo69]

OTOH, going from wage slave to 2.3M is categorically different from going from 2.3M and free to 190M and free.

indeed

much like going from no electricity to a little light and comms is a waaaaaay bigger jump than going from a little light and comms to leaving the door open with the AC on

[JayJuanGee]

having one or two million in silicon valley might just make you comfortable

I take it you've never been to (e.g.) Palo Alto?

I have been there.

O.k.  Let me see if I can attempt to 'splain my assertion to you.

There are a lot of people who don't have shit in regards to investments or savings (even if we account for home ownership, too), and surely having any kind of investment portfolio is going to be a whole hell of a lot more than many people, even in the US of A, where we have way more access to credit and financial services than so many people on the planet. However, many of us still have a lot of difficulties building some kind of investment portfolio.

Here's a decent article on the topic of the lack of current investment savings on average, even including some of the better off categorizing.  

So, in that regard, even just having a mediocre investment portfolio of $1 million or $2million (Let's say 1.5 Million, which is in the middle) is going to put these kinds of people way in front of the vast majority of other people (maybe even 3x or more of the average of the better off of the folks coming on retirement), whether we are talking about silicon valley or other places in the country.    And, for sure, the cost of living for any particular area is going to hamper the extent to which the accumulated amount of wealth meets either "fuck you" status or "filthy rich" status.  

There are places in the world in which $1.5 million, (and maybe even some places in the USA - so long as a guy/gal has fairly humble needs) would allow a kind of entry level "fuck you" status, even if there might be some questions regarding future value of such dollar denominated amounts, but there still might be ways in which a BTC portfolio might have decent chances of being able to outperform the value of the dollar in terms of maintaining its value in dollar denominated terms.

You (picnic bear) and I could go on and on in regards to various details, but I maintain that my point still stands regarding the fact that having $1.5 million in investment capital still would allow someone to be much more comfortable than the average American who tends to have inadequately been able to build up any kind of meaningful investment portfolio, whether we are referring to bitcoin or to other assets that might be in their quasi-liquid portfolio... and whether we are referring to Palo Alto or any other place in the country... of course, they are going to need more in Palo Alto, yet $1.5 million puts them in a decent position.

Another problem that people have is to have a lot of their investment in their house, and I suppose I was presuming that quasi-liquid investment assets might have advantages over having assets in the personal home, presuming that the investment is actually owned (equity value) by the person, rather than being owned largely by the bank... but I was not really going into details regarding that, and merely presuming a kind of additional comfort that comes from having $1.5 million as compared to the average american that has little to no savings in terms of a quasi-liquid investment portfolio.

Can you find it deep down inside of ur little selfie (maybe the non-argumentative portion of picnic bear to the extent that it might exist way on the deep down inside? hahahahahahaha) to appreciate what I am saying, Picnic bear? I was not really trying to argue "fuck you" status, but just a kind of supplementation status that a $1.5million dollar investment portfolio provides that might end up putting such hypothetical person in a better position than the average american, even if living in an expensive part of the country (such as palo alto, and maybe even if it might be more prudent for them to move to San Jose or some outlying area that is going to be a bit less expensive than Palo Alto specifically, which was still in the silicon valley as I had mentioned in the first place.. rather than Palo alto, specifically).

[kellrobinson]

whomever whoever put this together.