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

[bitserve]

1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess  

I think one thing that sinks lottery winners is that it the total cost of ownership of any item far exceeds the mere purchase price. Big houses cost a lot of money over time for upkeep/maintenance, as do Lambos. Rich people budget for this, flash rich people buy big houses for their family members then start getting hit up for repairs, maintenance, etc. Or they buy a "business" that needs a lot of capital that you shovel in because.... well you bought it.

Something to think about.

All true. They are not used to manage money and many are easy prey for unscrupulous financial advisors, personal bankers, etc. Also, many decide to be excessively generous with other family members etc... or, as you say, decide to start/buy business without having the slightlest idea of how to manage one and, what is even worse, employing family members thus creating a totally unprofitable sink hole that they are afraid to stop on time.

That way, and even without ever going into a lambos, hookers and coke spending spree, maybe even before substantially changing their life they find themselves bankrupt (sometimes without being aware of it until years after the fact).

Preserving/increasing wealth is a job in itself that requires some skills and dedication, otherwise easy comes easy goes.

That being said, I don't think the average OG Hodler would easily fall into above mistakes...

[JSRAW]

We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state.  A slippery slope no doubt

Yeah, this is a valid concern for many of us... I've heard of people who won the Lottery (several $M) and two years later they were penniless and owing to banks...

I think it's up to the individual, his character and attitude towards life. Personally, I feel it won't change me or affect my mental state etc., but no one really knows until he gets into that "fuck you rich" state. We'll know soon enough. 

Simple:
1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess 

My first step would be keeping my mouth shut and emotions in check for fair amount of time. 

[JimboToronto]

Good morn Bitcoinland.
One one six two six dollars
Bitcoinaverage).

Sideways (slightly up)
OK but somewhat boring-
I need more coffee.

Go go Bitcoin go.
Go Bitcoin go Bitcoin go.
Go go Bitcoin go.

1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess  

I think one thing that sinks lottery winners is that it the total cost of ownership of any item far exceeds the mere purchase price. Big houses cost a lot of money over time for upkeep/maintenance, as do Lambos. Rich people budget for this, flash rich people buy big houses for their family members then start getting hit up for repairs, maintenance, etc. Or they buy a "business" that needs a lot of capital that you shovel in because.... well you bought it.

Something to think about.

All true. They are not used to manage money and many are easy prey for unscrupulous financial advisors, personal bankers, etc. Also, many decide to be excessively generous with other family members etc... or, as you say, decide to start/buy business without having the slightlest idea of how to manage one and, what is even worse, employing family members thus creating a totally unprofitable sink hole that they are afraid to stop on time.

That way, and even without ever going into a lambos, hookers and coke spending spree, maybe even before substantially changing their life they find themselves bankrupt (sometimes without being aware of it until years after the fact).

Preserving/increasing wealth is a job in itself that requires some skills and dedication, otherwise easy comes easy goes.

That being said, I don't think the average OG Hodler would easily fall into above mistakes...

It's hard to get rich
And not get caught up in it.
You must still think poor.

Ignore your new wealth
And spend like you always did
When you were dirt poor.

Scrimp on ev'rything
Keep your spending just as low
As in poverty.

It's never easy
And in time you'll find that you'll
Be spending faster.

Hopefully by then
You'll have saved enough money
And built good habits.

You can start living
Happily ever after.
Don't be n-word rich.

Hookers, Lambos, blow
Are obviously just traps
That keep suckers poor.

[600watt]

https://research.arcane.no/news/equinor-partners-with-bitcoin-mining-company

more flaring stuff. big company.

it is a state owned, globally active, multibillion energy giant. if this works (and I don't see why it shouldn't) it will change the bitcoin mining landscape.

Mining cryptocurrency requires a lot of electricity to power computers, while a valuable commodity is wasted, and carbon emissions are created when we flare. By connecting these inverse pains, we can satisfy both needs with no cost to market expense.

besides the fact that this will make bitcoin hash power grow even stronger, it will also make the case against the "bitcoin-uses-too-much-energy" critique.

Digital flare mitigation offers a win-win alternative for producers and investors alike

digital flare mitigation...  

you heard it here first.  very good find V8

[Last of the V8s]

yes there's a whole world out there

https://www.upstreamdata.ca/datacenters

https://greenidgellc.com/

[600watt]

yes there's a whole world out there

https://www.upstreamdata.ca/datacenters

https://greenidgellc.com/

woah - is this real? gonna order some of those and drill a small hole into the local gas pipeline... 

[600watt]

lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

[Dabs]

lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

Sleep on it for a few days. You've been running that business for how long? What's a few more days to really think about it or plan to get a good buyer to turn it over to?


As for OG hodlers, some of us here have gone through 90% (or higher) losses, so taking care of any potential future earnings should be manageable. Wealth preservation.

A few simple rules everyone should be doing: Don't spend more than you earn, save or invest the difference, avoid debt.

[Febo]

A few simple rules everyone should be doing: Don't spend more than you earn, save or invest the difference, avoid debt.

That is pretty much the only rule you need to follow to be rich. It does not really matter how much you earn. If you spend more than you earn, then you will never be rich. If you save some and try to implement you will sooner or latter see results.

[serveria.com]

lately been contemplating about selling my business. after more than two decades it is kind of boring and even the thought of selling didn't get me exited. but then - all of a sudden - it dawned on me that this would enable me to shove some 6 digit fiat amount into bitcoin. not sure if this is reckless, stupid or brilliant.

I had similar thoughts about selling some RE I own. 6 digit fiat amount in btc is something which is hard to resist...

[jojo69]

Money wont change the essence of the person, at best/worst it will amplify it.

mmmmmmmmmmmmmmmm

[lightfoot]

Money wont change the essence of the person, at best/worst it will amplify it.

If someone is already an asshole, in all likelihood they just become a rich asshole.

(that was quote I heard on here pre-2013 btw)

Indeed. People go on about how "power corrupts" but to be honest,

"power reveals".

It simply reveals the kind of person that was always there, doesn't change anything about them.

Something to always keep in mind.

[explorer]

Good morn Bitcoinland.
One one six two six dollars
Bitcoinaverage).

Sideways (slightly up)
OK but somewhat boring-
I need more coffee.

Go go Bitcoin go.
Go Bitcoin go Bitcoin go.
Go go Bitcoin go.

1. Make some of your biggest dreams come true.
2. Otherwise continue to live your life "normal"*

*maybe to new living standards, though.

I'd get some land, a stable and some horses, a small skatepark and independent energy source(s) for my home, maybe a foreign place for holiday and run/hide purposes.
No supercar(s), no castles, no seasteads, no bling, no hos, no blow. Wait... a garden of weeden, maybe. yeah, i guess  

I think one thing that sinks lottery winners is that it the total cost of ownership of any item far exceeds the mere purchase price. Big houses cost a lot of money over time for upkeep/maintenance, as do Lambos. Rich people budget for this, flash rich people buy big houses for their family members then start getting hit up for repairs, maintenance, etc. Or they buy a "business" that needs a lot of capital that you shovel in because.... well you bought it.

Something to think about.

All true. They are not used to manage money and many are easy prey for unscrupulous financial advisors, personal bankers, etc. Also, many decide to be excessively generous with other family members etc... or, as you say, decide to start/buy business without having the slightlest idea of how to manage one and, what is even worse, employing family members thus creating a totally unprofitable sink hole that they are afraid to stop on time.

That way, and even without ever going into a lambos, hookers and coke spending spree, maybe even before substantially changing their life they find themselves bankrupt (sometimes without being aware of it until years after the fact).

Preserving/increasing wealth is a job in itself that requires some skills and dedication, otherwise easy comes easy goes.

That being said, I don't think the average OG Hodler would easily fall into above mistakes...

It's hard to get rich
And not get caught up in it.
You must still think poor.

Ignore your new wealth
And spend like you always did
When you were dirt poor.

Scrimp on ev'rything
Keep your spending just as low
As in poverty.

It's never easy
And in time you'll find that you'll
Be spending faster.

Hopefully by then
You'll have saved enough money
And built good habits.

You can start living
Happily ever after.
Don't be n-word rich.

Hookers, Lambos, blow
Are obviously just traps
That keep suckers poor.

Good to see you're still here dropping wisdom 

[Toxic2040]

Good to see you're still here dropping wisdom 

+2 WOsMerits


--------

Much wisdom and more importantly in my opinion..empathy shown over the last pages WO's. This is why I hang my hat here.

+1 WOsMerit guys


--------


the Elephants song leads cadence as the march goes on
1h


toe jam and elbow grease
4h

#stronghands

[friends1980]

A few simple rules everyone should be doing: Don't spend more than you earn, save or invest the difference, avoid debt.

That is pretty much the only rule you need to follow to be rich. It does not really matter how much you earn. If you spend more than you earn, then you will never be rich. If you save some and try to implement you will sooner or latter see results.

Also, you need very little to be happy.

And be careful, cuz new property creates new costs: Taxes for cars and houses. Room for shoes and clothes. Electricity for smartphones and TVs. And so on.

This is where the brilliant BTC comes in. You buy it and you don't even pay banks or taxes (in theory).

[BobLawblaw]

Money wont change the essence of the person, at best/worst it will amplify it.
If someone is already an asshole, in all likelihood they just become a rich asshole.

Indeed. People go on about how "power corrupts" but to be honest,
...
It simply reveals the kind of person that was always there, doesn't change anything about them.

#meta

I'm capable of being an incredible asshole (As Rick, and some of you can attest to). Always have tended towards assholism, since my teen years, as a self-protection mechanism, but for the most part I'm usually a chilled out, if not a bit of a cold and distant person.

The fact that I'm now "rich" has not fundamentally changed the person that I am. I'm still an asshole, but the "rich" correlation leaves me a bit befuddled as to how that has any impact on my behavior (maybe I'm a bit more cocky and flaunty on rare occasions, tho; usually in response to someone looking down upon me or being judgemental)

Have nicer toys and lifestyle now, but don't feel I have any meaningful "power" or have been corrupted in any way, beyond the damage I have done to myself with substances; I've never been the type to seek out "power" to begin with, mostly because of introversion and a desire to be left alone.

If I'm being absolutely honest with myself, I would say that years of therapy has made me a better person today, than when I was in highschool/college/early career.

Speaking exactly to your "power corrupts", have seen that play out in various forms over the course of my life, and it's extremely sad to see happen - Good people being utterly corrupted into compassionless monsters.

Just wanting to offer an alternate view from someone who engages in a lot of self-introspection and has had the benefit of gaining tools to help me cope with life and the human condition.

I guess to the final point, yes, perhaps it can - more clearly - reveal the kind of person that was always there. Can't argue with that.

HODL strong, brothers. Nice to see this slow, and steady upward climb, as I'm presently observing ~$11,675 USD/BTC.

[aesma]

Nobody using "margin" then ?

First week of august I was in vacation at my parents' seaside home, with my sister, brother and his family, and older half-sister and her family. My brother is making 3 times more money than me and his partner has inherited money so they spend quite a lot (bought a large flat and remade it for a 6 digits amount on top), but they can and still save money. My older half sister, meanwhile, is always spending more than she earns, and asking my father for money... She was brought up by her mother after the divorce from my father, and it shows, her mother was unable to save anything either, for example she rented a flat in Paris all her life, until she simply couldn't because prices have become crazy. If she had bought one instead, like was easy in the 70's and 80's, she would be rich now. I'm sure if you give a large amount of money to someone like that, millions earned at the lottery let's say, it will end in tears.

[d_eddie]

Weekend or weekday
Hodlers are making it through
The endless sideways







#haiku

[d_eddie]

By the way, I managed to withdraw everything from Bitmex before going through the latest KYC/AML doorway. Anybody still keeping funds with them must complete identification before they can trade, deposit or withdraw.

[Gyrsur]

By the way, I managed to withdraw everything from Bitmex before going through the latest KYC/AML doorway. Anybody still keeping funds with them must complete identification before they can trade, deposit or withdraw.

same story with Bitstamp some time ago (don't remember which year it was). Bitstamp switched to KYC/AML. I had 0.00x (or was it 0.0x ?) BTC on Bitstamp and decided to disappear into the dark.  

BTW, how is your trading system working, d_eddie?