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

[Paashaas]

Institutional technicians (Citi) are now publishing bull-porn charts with $300k+ 2021 targets.

https://twitter.com/BitcoinMunger/status/1327300143104798720

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[Biodom]

Re btc in retirement funds-eu has XBT provider (bitcoin tracker one)-I managed to buy it in Fidelity Roth IRA, but it is completely illiquid in US because of some SEC complains.
A few months ago decided to put 50% of one Roth IRA account into GBTC+whatever I had in bitcoin tracker one (not much).
Why not? Many people thought the same, probably, hence the increase in Barry's fund from 1bil to 7 bil and growing fast.

Re retirement per se, here are my 2c:

Providing that btc "behaves" like a good bull this year, I am thinking of instituting a "dialed down" work.
Thankfully, I can do it at my work place-at first, reduce by 44% with salary decrease of only 26%, then, next year, start taking a whole summer off, another 23% hit.
In the end, I will be making about 60-61% while working much less and taking all-summer vacations.
All I would need to do is to supplement that 40% that would be missing, which is much easier than to finance the whole retirement Bob's style.

[Torque]

OT: [Arnold voice] Ha ha ha Dave Portnoy, what an id-ee-iot! Ha ha ha

https://decrypt.co/48160/two-big-investors-who-sold-their-bitcoin-would-be-up-40-today

[JayJuanGee]

Re btc in retirement funds-eu has XBT provider (bitcoin tracker one)-I managed to buy it in Fidelity Roth IRA, but it is completely illiquid in US because of some SEC complains.
A few months ago decided to put 50% of one Roth IRA account into GBTC+whatever I had in bitcoin tracker one (not much).
Why not? Many people thought the same, probably, hence the increase in Barry's fund from 1bil to 7 bil and growing fast.

Re retirement per se, here are my 2c:

Providing that btc "behaves" like a good bull this year, I am thinking of instituting a "dialed down" work.
Thankfully, I can do it at my work place-at first, reduce by 44% with salary decrease of only 26%, then, next year, start taking a whole summer off, another 23% hit.
In the end, I will be making about 60-61% while working much less and taking all-summer vacations.
All I would need to do is to supplement that 40-45% that would be missing, which is much easier than to finance the whole retirement Bob's style.

I am glad that you, Biodom, are being somewhat creative with your way of looking into these kinds of matters.

So, in accordance with your recent calculations and some of our previous conversations, you should ONLY need around $2.4 to $2.7 million (40-45%-ish) in principle rather than the $6 million that you had mentioned - making the amount of principle a wee bit more reachable.

I see that currently, BTC's 208-week moving average are approaching $7k, so as I type, to be conservative and prudent, a $2.4 to $2.7 million in principle would ONLY require 342.86 to 385.715 BTC to meet your maintenance of current lifestyle expectations. 

On a positive note, many of us should be expecting the 208-week moving average to continue to move up in the coming years - especially given current BTC prices, recent BTC price performance and some of the expectations around BTC price performance (including the various legitimate BTC price models, which seem to be largely playing out within previous/recent expectations).  Another possibility could be to shave off some BTC at prices that are much higher than 208-week moving average prices in order to NOT have so much of the expectations in BTC.. but then you would  be stuck with attempting to maintain that principle in other assets... currently, that shaving off would only require 147.24 to 165.65 BTC (based on current $16,300 BTC prices), and surely that would be risky to shave off all of the BTC in order to ensure adequate principle, even though some combination of approaches could be doable - depending on the size of your BTC stash - which would then bring you to some variation of Bob's approach in terms of cashing out some reasonable portion rather than all of your BTC stash.

[Torque]

OT: The MSM has done such a mind-fuck on the public with regard to Bitcoin being a "scam", that even high net worth investors/share holders are squeamish about the optics around prudent Bitcoin investment.

https://old.reddit.com/r/Bitcoin/comments/jtekcz/investing_companies_afraid_to_admit_they_like/

If they feel that way, imagine what the majority of Average Joes feel about Bitcoin. Ugh. Fkn media. 

[bkbirge]

OT: The MSM has done such a mind-fuck on the public with regard to Bitcoin being a "scam", that even high net worth investors/share holders are squeamish about the optics around prudent Bitcoin investment.

https://old.reddit.com/r/Bitcoin/comments/jtekcz/investing_companies_afraid_to_admit_they_like/

If they feel that way, imagine what the majority of Average Joes feel about Bitcoin. Ugh. Fkn media. 

I think at this point most working in the financial area are going to be aware of btc and how good it is. They may not be maximalists like here but I think it quite likely they continue to trash talk while accumulating. This is fine. The people that are going to lose out are the typical retail investors that haven't bothered to educate themselves to any depth about it, or the larger part of the world's population that doesn't have a pot to piss in and are unbanked. So, new elite from btc, but still a category of elites.

[Toxic2040]

some noon charts

bitcoin continues to be bought and sold around $16.25k with steady upwards consolidation

steady as  she goes

#dyor

1h


4h

#stronghands

[HairyMaclairy]

I've always thought, that if I retired, I'd probably need to maintain at least double my salary coming in just to pay for all the things I'd need to do to stop me getting bored out of my mind.
That being the case, I'm not going to retire anytime soon, even if Moon^TM.

my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins.

and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that).

ive never understand how someone can get bored.

Yes I am sorry to report that I met with my financial advisor today and I would have to take out of Bitcoin 3 times my current target in order to retire in 2021.  Looks like I’m gonna be here until 2025 guys !

[V8s Road Warrior]

2020 just gets worse and worse 

[600watt]

I've always thought, that if I retired, I'd probably need to maintain at least double my salary coming in just to pay for all the things I'd need to do to stop me getting bored out of my mind.
That being the case, I'm not going to retire anytime soon, even if Moon^TM.

my retirement goal required three times what i figured was the "normal" amount i needed. took longer but i do like huge safety margins.

and boredom? i have never been bored in my entire life. i have far too many interests and hobbies. i love learning and trying new things (and have the scars and broken bones to attest to that).

ive never understand how someone can get bored.

Yes I am sorry to report that I met with my financial advisor today and I would have to take out of Bitcoin 3 times my current target in order to retire in 2021.  Looks like I’m gonna be here until 2025 guys !

all the guys that can't sell at bull runs (like me) will be right here with you. hodling and getting ready for the next one. 

[DaRude]

OT: The MSM has done such a mind-fuck on the public with regard to Bitcoin being a "scam", that even high net worth investors/share holders are squeamish about the optics around prudent Bitcoin investment.

https://old.reddit.com/r/Bitcoin/comments/jtekcz/investing_companies_afraid_to_admit_they_like/

If they feel that way, imagine what the majority of Average Joes feel about Bitcoin. Ugh. Fkn media. 

That's why PayPal supporting bitcoin derivatives was so important. Sure it's an additional "derivative" onramp, but more importantly, it's changing the perception of BTC from druggies/pornogrophers/terrorists money to a serious stable/profitable investment, yet people bitched about it not passing their purity tests. We're on the right path, this is one of the transition stages, it's just a matter of time.

[explorer]

[sirazimuth]

....

Edit: also I have better teeth. ...,

Well, that’s not exactly saying a lot.
I think my grandmother has better teeth than that dude, and she’s been 6 feet under for 20 years....

[LFC_Bitcoin]

https://twitter.com/100trillionusd/status/1327235801592238081?s=21

[LFC_Bitcoin]

@karenSanmol
We found the first time someone said "Bitcoin is going to the moon".

The price of #bitcoin   was $0.11

https://twitter.com/karensanmol/status/1327307056332890120?s=21

[Toxic2040]

[Torque]

@karenSanmol
We found the first time someone said "Bitcoin is going to the moon".

The price of #bitcoin   was $0.11

https://twitter.com/karensanmol/status/1327307056332890120?s=21

How is it that so many of these Bitcoin OGs fall into the shitcoin trap? That Bimmerhead dude should be a Bitcoin gazillionaire by now (and a maximalist).

[lightfoot]

No shit. I am totally bored watching bitcoin being stuck here at a mere 16.400.

[LFC_Bitcoin]

@karenSanmol
We found the first time someone said "Bitcoin is going to the moon".

The price of #bitcoin   was $0.11

https://twitter.com/karensanmol/status/1327307056332890120?s=21

How is it that so many of these Bitcoin OGs fall into the shitcoin trap? That Bimmerhead dude should be a Bitcoin gazillionaire by now (and a maximalist).

Some of them got in too early, if that’s a thing. I mean for example I’ve had shitcoins worth less than $1 each & discarded them after seeing no significant pumpage. I think it’s a patience thing, or lack of. Some people were just too early & didn’t think what we see today would be possible. We were lucky to arrive at the right time, through luck or fate.

[V8s Road Warrior]

Some of this comparison is a bit forced, some holds.



mostly it seems to be about authoritarianism; the communism side needs drawing out.

so thanks Gott we have a chance of being sovereigns ourselves