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

[Phil_S]

Remember when I told you about the real reason why Sweden didn't lock down?
Well, now a newspaper finally wrote about it.

I remember that we established it wasn't the real reason.

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[Hueristic]

Trump rolled and trolled:

https://www.bbc.com/news/world-us-canada-53129524

Yay Zoomers!

 

W0w

Those attending the rally had to sign a waiver protecting the Trump campaign from responsibility for any illness. Hours before the event began, officials said six staff members involved in organizing the rally had tested positive.

[Biodom]

Who or rather what is sitting on bitcoin lately, I wonder?
Maybe some mad quant who wants to show planB the "error" of his ways?

M. Keiser says something interesting here...not sure what % is in jest and what % is real.
https://cointelegraph.com/news/paul-tudor-jones-to-be-biggest-bitcoin-holder-in-2-years-max-keiser

In Bitcoin’s case, it’s Bitcoin that’s observing us. As I’ve argued before, starting at around block 300,000, I started noticing that Bitcoin was becoming self-aware.

[JayJuanGee]

https://twitter.com/selfbankt/status/1274272910870446080?s=20

Gradually, then suddenly . . .

The Times, Saturday June 20th :

"I cashed in my funds to invest in bitcoin. It may be volatile, but even seasoned investors are taking a small punt on the leading cryptocurrency."

https://www.thetimes.co.uk/article/i-cashed-in-my-funds-to-invest-in-bitcoin-wzfjh52j9
https://archive.vn/khpRa

yay boomers

Don't call me a party poop, you fucks.. but here goes:

Even after reading through the article, I am not clear regarding how much of 83 year old David's investment portfolio that he decided to put into bitcoin, and it looks like a few hundred here and there, so maybe he did not invest very much, even though his situation seems to be getting a decent amount of hype.

At his age, I am not even sure if he can confidently assert that he has a 5-year investment time horizon.  So I would have a difficult time recommending even my common asserted initial investment range of 1% to 10% of your quasi-liquid assets, because with such a likely short-term investment horizon, 83 year old David should not be considered as really investing, but instead a kind of gambling on the shorter term, and of course, if you are gambling, you should be making sure that you are only using relatively small amounts, even if he might end up gambling on the correct outcome...

As many of you here likely realize by now (if you have read any of my ramblings) I tend to NOT be very passionate about gambling nor about posters who come into this thread and encourage gambling, especially if they are suggesting gambling as an investment strategy for the general population (gambling takes a lot of skills) and especially for 83 year olds who might not have a lot of time to recover if they gamble incorrectly...

So just given the fact that 83 year old David has an investment time-horizon of something in the couple of years arena, (and it seems that there was some kind of quote in the article that attributed David's expectation that BTC could triple in value in the next couple of years), I would recommend an allocation that is less than my normal for David which would be in the 1% to 3% range for the average 83 year old that might only have a couple of years to invest and maybe even on the lower end, depending on their circumstances, of course.

I would recommend only a higher portion to go into BTC if such an 83 year old really could afford to lose the whole amount invested because that 83 year old investor is otherwise way more wealthy than he can even expect to be able to spend in his remaining years, then if that is the case, then maybe such a typical 83 year old could go above the 3% range - and surely, he would be in a better position to understand the particulars of his situation than me, but I am just responding to the general idea of a typical 83 year old who might be considering diversifying into bitcoin (when they should already be in a kind of liquidation stage of their investment lives) and based on that picture he does not necessarily look like he has any kind of genetic gift or perhaps luck that would cause him to be outside of the typical 83 year old - except maybe it appears that he is not disabled yet and he does not seem to have dementia setting in, based on the assumptions, so I would not expect him to be outside of the range of a typically healthy 83 year old that would allow him to have an investment timeline that is greater than a couple of years, at best.      


Note:  I edited the above message- even while I notice that I was being responded to (Biodom?  maybe others?) - after reading the article that V8 provided that is outside of the paywall (thanks for that) .

[Biodom]

https://twitter.com/selfbankt/status/1274272910870446080?s=20

Gradually, then suddenly . . .

The Times, Saturday June 20th :

"I cashed in my funds to invest in bitcoin. It may be volatile, but even seasoned investors are taking a small punt on the leading cryptocurrency."

https://www.thetimes.co.uk/article/i-cashed-in-my-funds-to-invest-in-bitcoin-wzfjh52j9
https://archive.vn/khpRa

yay boomers

Don't call me a party poop, you fucks.. but here goes:

I am not clear regarding how much of his investment portfolio he decided to put into bitcoin, and at his age, I am not even sure if he can confidentally assert that he has a 5-year investment horizon.  So I would have a hard time recommending even my common asserted range of 1% to 10%, because with such a likely short investment horizon, he should not be considered as really investing, but instead gambling on the shorter term, and of course, he could end up being correct... but I don't really agree with gambling, especially for 83 year olds... so just given the fact that his investment time horizon is likely only 2 years, I  would recommend 1% to 3% for the average 83 year old, and maybe only a higher portion if he really could afford to lose the whole amount invested because he is otherwise way more wealthy than he can even expect to spend, then if that is the case, then maybe he could go above the 3% range - and surely, he would be in a better position to understand his situation than me, but I am just responding to the general idea of an 83 year old and based on that picture he does not necessarily look like he has any kind of genetic gift or perhaps luck that would allow him to have an investment timeline that is greater than a couple of years, at best.      

A recent study has shown that people over 72 under-perform the market (and the rest of fellow investors).
This perfectly explains Buffett's lack of performance for the last 15 years or so.
He did great in the previous 40-45, hence people still bought BRK-A. They would have been better off buying "spiders" (SP500).
So, yes, 1-3% sounds about right for a 83 year old-just to hedge against a small probability of a $ calamity.

OT: sorry, @LFC, Mbappe to Liverpool is a pipe dream.

[AlcoHoDL]

Nice discussion! Just too many things happening IRL that I can only skim through the posts, let alone replying...

[edited out]

"So I got out", you said. That's what I mean by not being a wage slave. You saw that you were becoming one, so you decided to change things. Wage slavery is when you are afraid to make changes and endure a life of misery by spending half your life doing things you don't want to do, especially when you know you can do much better. I consider myself blessed in that respect, because I'm currently getting paid very well to do things so interesting and exciting that I would gladly pay for to do. But if things go south and I feel I need to change something, I will certainly try to change it.

It seems to me that anyone could get sucked into a kind of complacency, and I cannot even really blame them for getting sucked in.

The more curious that you are, and the more that you continue to attempt to build your skills and to make sure that you have options, the less likely that you might get sucked into one profession that either becomes boring, or you feel that you are being exploited because you are not being advanced through the ranks in order to be able to transition into the learning and development of new skills.

Surely, if the promotion rates are small or the industry is shrinking, we could end up kind of getting fucked because we might have and some false reliance upon the direction of the industry and whether our skills were going to be valued with the passage of time.

When I was gaining my independence in the 80s and 90s, I had recognized various computer related programing and development to be lucrative and future oriented skills, but I never personally developed those skills because I had other interests, even though I could recognize a decent amount of future-poofing into  developing those kinds of skills - perhaps so long as you do not get too trapped into some jobs that are too narrowly focused.. that might end up not giving you either upward promotion potential or the ability to laterally move if you were to want to exercise such option.

Of course, tying this into bitcoin could be that someone who has a decent amount of skills in software, hardware and firmware (whatever the fuck that is?) could develop bitcoin skills on the side, and of course, many of us also realize that we might not need to know shit about any of the technicals to be able to invest in bitcoin, but investing in bitcoin might still take 10-20 years or even more to really get to fuck you status, especially if you are only able to garner $100 per month (or some modest amount) to be able to invest into stacking sats.

Whether we are talking about personal employment skills or even side investments, each of us continues to have some obligations to attempt to secure our own future by trying to make sure that whatever investments that we are making, whether we are investing into building skills or we are investing financially is to be attempting to avoid getting trapped without hardly any options, so of course, when we are younger, we might have very few skills and maybe very little finances to be able to exercise a wide variety of options, but if we have any kind of brain (even if we might be mentally challenged) we can strive to build our skills and our finances in a way that builds our options..  Most humans have abilities to learn skills, but it takes work too, and sure there is luck involved too, while ongoing preparations and not going to crazy with burning your capital or your bridges will likely lead to more situations in which you are able to run into "lucky" breaks along the way.

Yeah, it's true that our status can change (more likely to worsen than improve) due to life/society/world changes beyond our control, and life can change from kind to nasty, and even cruel. So we shouldn't be reassured that what we currently have and how we've currently arranged our lives can be maintained indefinitely. Same (even more so) applies to Bitcoin, which can turn our status from "fuck you rich" to "fucked up" and back again in a short amount of time, so short that we should not really plan our future based solely on Bitcoin. That's why it's important to have a solid base level of (more or less) guaranteed financial status and ability to maintain a minimum but acceptable standard of living, to which Bitcoin can add the small (or larger) perks and "fuck you" elements that will satisfy some of our desires.

Life is short, and the more you explore the world, the more you realise how small you are, how little you know, and how small our time on this planer really is. It kind of tragic, really, if you think about it. I guess that our perception of time is fine tuned in such a way that we tend to ignore it and assume we'll live forever, and act as such. The older and the wiser we get, the more we realise that there's so much more out there, so much knowledge and experiences to gain, but so little time. It's kind of like two aspects of our being, working against each other: the body gets weaker, the brain/mind gets wiser, up until they cannot support each other (and then the brain fails too, and that's the end of it).

What does all this have to do with Bitcoin? Probably very little, I guess it's those leaves I'm smoking that still have an effect...

[JimboToronto]

Trump rolled and trolled:

https://www.bbc.com/news/world-us-canada-53129524

Yay Zoomers!

 

W0w

Those attending the rally had to sign a waiver protecting the Trump campaign from responsibility for any illness. Hours before the event began, officials said six staff members involved in organizing the rally had tested positive.

Trump supporters are
Not exactly the brightest
Nor the most careful.

Darwin Awards? Lawl?
No! Spreading disease is
No laughing matter.

[JayJuanGee]

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

Been using Mint for about a year and a half now. As a complete IT-noob, I was able to find instructions on how to make a bootable stick, install successfully and set it up aftwerwards (thanks to YT).

Upsides:
Easy to handle, no forced updates, no AntiVirus needed, flexible in customization/appearence, comes with lots of pre-installed s/w.

Downsides:
Had driver problems with integrated GPU lots of times because my Ryzen 7 (from march 2019) was seemingly not fully supported by the latest version at that time (has changed now with the latest mint version available), gaming on Linux is still a struggle despite Steam/Proton, trouble shooting can also be a challenge if you don`t find the answer to your problem easily on google/YT (and even then results of success may vary).

Bottom line:
I will stick with Linux for everyday activities on the net, but am thinking about getting an extra machine with MS for gaming only.
Alternatively, there is a new Brazilian distro - Linuxfx 10 - out that is not only supposed to look like Win 10, but also to be able to handle .exes (so far, from what I know, it is in Portuguese only, though).

Hope that helped.

P. S.: Hi everybody.

You happen to know anything about bitcoin?  Just asking.

Hi.   

[JayJuanGee]

Stop saying “My Nigga” or I’m going to kneel on your neck for 9 minutes. LOL

If you do, will the whole world start rioting & stealing shit because of my demise?

Probably not

LOL yeah, me either. If someone kneeled on my neck they would probably win a free meal at Denny’s and a six pack of Budweiser.

hahahahaha

True dat.

You had not been too appreciated in the forum in recent times (last year or so), but at least you have not been banned, so far.

How are you feeling in regards to bitcoin? I recall that sometimes you can go through some unreasonably bearish and even worldly pessimistic phases, hopefully you have not sold too many of your satoshis in anticipation for summer shopping or some other out of touch world perspective?     **

**Please note that I am largely attempting to razz you and stir your pot a bit, QuestionAuthority, because I had not seen you around in these parts very much recently, so I don't mean any ill-will.. that's for sure, and would not mind getting some kind of on-the-ground QA updates from you (as a BTC OG), even if there might be some variance in our perspectives..  Doesn't hurt to have some variance from time to time.. and maybe some of us might be able to welcome you back by get pissed off at you.. for asserting that you are cashing out a decent percentage of your BTC for early Christmas shopping or some nonsense like that.  

[Toxic2040]

Been using Mint for about a year and a half now. As a complete IT-noob, I was able to find instructions on how to make a bootable stick, install successfully and set it up aftwerwards (thanks to YT).

Upsides:
Easy to handle, no forced updates, no AntiVirus needed, flexible in customization/appearence, comes with lots of pre-installed s/w.

Downsides:
Had driver problems with integrated GPU lots of times because my Ryzen 7 (from march 2019) was seemingly not fully supported by the latest version at that time (has changed now with the latest mint version available), gaming on Linux is still a struggle despite Steam/Proton, trouble shooting can also be a challenge if you don`t find the answer to your problem easily on google/YT (and even then results of success may vary).

Bottom line:
I will stick with Linux for everyday activities on the net, but am thinking about getting an extra machine with MS for gaming only.
Alternatively, there is a new Brazilian distro - Linuxfx 10 - out that is not only supposed to look like Win 10, but also to be able to handle .exes (so far, from what I know, it is in Portuguese only, though).

Hope that helped.

P. S.: Hi everybody.

Pretty strong opener for a newbie..

+1 WOsMerit


Hai! 


--------

You happen to know anything about bitcoin?  Just asking.

Hi.   

Now now Juan...be nice. Remember..we have to lure these new guys in nice and slow.   





-------
Number two kid called...day is getting better and better. 


So much better in fact that I feel the need for you all to suffer thru more dad jokes...

round 2

What do you call a can opener that doesn’t work? A can’t opener!

How many tickles does it take to tickle an octopus? Tentacles!

What did the buffalo say when his son left? Bison!

Why don’t crabs donate? Because they’re shellfish.

Did you hear about the Italian Chef that died? He pasta way.

Did you hear about the restaurant on the moon? Great food, no atmosphere.

[JayJuanGee]

Price projection for the next few days

I suppose that the bright side of your BTC price prediction going into late July (up before down) is better than down before up, no?

[JayJuanGee]

Price projection for the next few days

I suppose that the bright side of your BTC price prediction going into late July (up before down) is better than down before up, no?

Can we touch 8000$ before going up because I am feeling this can touch 8000$ figure in July then we will go on some good high.

Can't you leave good enough alone, Indymoney?  You party poop!!

Finally, we have a random unimportant bitcoin naysayer wannabe sorcerer drawing squigg-a-lie lines like a 6-year old proclaiming "UP" before "DOWN"...    

Why screw up the rare jupiter9-like karma?

 

[degxtra1]

Trump supporters are
Not exactly the brightest
Nor the most careful.

Darwin Awards? Lawl?
No! Spreading disease is
No laughing matter.

Do you think supporters of his opponents are much brighter?

https://off-guardian.org/2020/06/10/the-worst-literal-hitler-ever/

[Hueristic]

Trump supporters are
Not exactly the brightest
Nor the most careful.

Darwin Awards? Lawl?
No! Spreading disease is
No laughing matter.

In general that has been my observation as well.

[QuestionAuthority]

Stop saying “My Nigga” or I’m going to kneel on your neck for 9 minutes. LOL

If you do, will the whole world start rioting & stealing shit because of my demise?

Probably not

LOL yeah, me either. If someone kneeled on my neck they would probably win a free meal at Denny’s and a six pack of Budweiser.

hahahahaha

True dat.

You had not been too appreciated in the forum in recent times (last year or so), but at least you have not been banned, so far.

How are you feeling in regards to bitcoin? I recall that sometimes you can go through some unreasonably bearish and even worldly pessimistic phases, hopefully you have not sold too many of your satoshis in anticipation for summer shopping or some other out of touch world perspective?     **

**Please note that I am largely attempting to razz you and stir your pot a bit, QuestionAuthority, because I had not seen you around in these parts very much recently, so I don't mean any ill-will.. that's for sure, and would not mind getting some kind of on-the-ground QA updates from you (as a BTC OG), even if there might be some variance in our perspectives..  Doesn't hurt to have some variance from time to time.. and maybe some of us might be able to welcome you back by get pissed off at you.. for asserting that you are cashing out a decent percentage of your BTC for early Christmas shopping or some nonsense like that.  

I’m doing pretty good Jay. Laying low until this whole death-by-virus shit ends.

I don’t come to this forum very much anymore. It just doesn’t seem valid now. I’m still a bitcoin purist and this place is mostly for shitcoins now. I have a few coins left in cold storage and I’ll probably end up willing them to my kids when I die because I don’t see the million dollars a coin happening in my life time. I got tired of trying to gleen out a few bucks from guessing Bitcoins peaks and valleys. I’m into weed now. Legal marijuana chain stores are where it’s at now. My cannabis shares have even proven to be pandemic proof. People love to get stoned. It’s better than alcohol, more addicting, more expensive, more renewable, easier to produce and cheaper to produce. It even has medicinal value. It’s the perfect investment.

[Biodom]

Stop saying “My Nigga” or I’m going to kneel on your neck for 9 minutes. LOL

If you do, will the whole world start rioting & stealing shit because of my demise?

Probably not

LOL yeah, me either. If someone kneeled on my neck they would probably win a free meal at Denny’s and a six pack of Budweiser.

hahahahaha

True dat.

You had not been too appreciated in the forum in recent times (last year or so), but at least you have not been banned, so far.

How are you feeling in regards to bitcoin? I recall that sometimes you can go through some unreasonably bearish and even worldly pessimistic phases, hopefully you have not sold too many of your satoshis in anticipation for summer shopping or some other out of touch world perspective?     **

**Please note that I am largely attempting to razz you and stir your pot a bit, QuestionAuthority, because I had not seen you around in these parts very much recently, so I don't mean any ill-will.. that's for sure, and would not mind getting some kind of on-the-ground QA updates from you (as a BTC OG), even if there might be some variance in our perspectives..  Doesn't hurt to have some variance from time to time.. and maybe some of us might be able to welcome you back by get pissed off at you.. for asserting that you are cashing out a decent percentage of your BTC for early Christmas shopping or some nonsense like that.  

I’m still a bitcoin purist and this place is mostly for shitcoins now.

WO? Hardly...and not even true for bitcointalk as a whole.
Somewhat true for the WHOLE space if you lump btc and alts together.

[sirazimuth]

..............
 ....(if you have read any of my ramblings) ....
..............

Oh come on now jay... let's be serious, everyone in here reads every last word of your "ramblings".
Why, I have no idea why you would think otherwise....

....
I’m into weed now. ...

You and me both bro, though I gave up using it years ago. Legal growing is far more fun, healthy and lucrative.

[Tuco Benedicto Pacifico]

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

Been using Mint for about a year and a half now. As a complete IT-noob, I was able to find instructions on how to make a bootable stick, install successfully and set it up aftwerwards (thanks to YT).

Upsides:
Easy to handle, no forced updates, no AntiVirus needed, flexible in customization/appearence, comes with lots of pre-installed s/w.

Downsides:
Had driver problems with integrated GPU lots of times because my Ryzen 7 (from march 2019) was seemingly not fully supported by the latest version at that time (has changed now with the latest mint version available), gaming on Linux is still a struggle despite Steam/Proton, trouble shooting can also be a challenge if you don`t find the answer to your problem easily on google/YT (and even then results of success may vary).

Bottom line:
I will stick with Linux for everyday activities on the net, but am thinking about getting an extra machine with MS for gaming only.
Alternatively, there is a new Brazilian distro - Linuxfx 10 - out that is not only supposed to look like Win 10, but also to be able to handle .exes (so far, from what I know, it is in Portuguese only, though).

Hope that helped.

P. S.: Hi everybody.

You can run a win version in a VM with GPU passthrough for finicky programs.

Yeah, tried VM also. Managed to set it up, but after restart there was a display issue.The VM appeared as a square in the middle of the screen, leaving about half the distance to each side unused. Basically meaning that my display had shrunk by 50%.I looked through all the display options on Mint, but the best I could find was "maximize windows". Which did indeed maximize the VM window - but not what was displayed in the window...I still downloaded one of my favourite games and managed to log into my account. After loading was finished, it took me back to the account screen, though.

I also cound not connect an external hd, usb port was not detected. Might have to do with the passthrough-option you mentioned (which I have not looked into. Is that on Mint or VM or both?).

But I agree that having a properly working Win-VM on Linux would be the best of both worlds.

[JSRAW]

@fillippone BitcoinGirl.Club my apologies, got busy at work and rl stuff. Next time for sure.. #nohomo

[Phil_S]

Darwin Awards? Lawl?
No! Spreading disease is
No laughing matter.

Both sides doing it Jimbo.
Spreading disease is bipartisan.