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

[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 !

Are you referring to something in the ballpark of the current BTC price $15,500 to $16,400 -ish  or some other BTC reference price.. like a potential correction or a BTC price rise?

So for example, if you were referring to current BTC prices, then wouldn't a 3x price increase assist you in accelerating your goals.... that would be in the $45k to $50k price arena?

No sadly that’s based off my projected trading profits in 2021.  They will be short what I need by a factor of 3. 

It turns out that retiring is much more expensive than anyone would have imagined.

[Cryptotourist]

To anyone who is not a complete moron I simply say wear a respirator with P100 filters.

I guess I'm a complete moron, you absolute all American cunt.

It's exactly why we did the whole survival thing in the first place: To survive.

About that, humanity seems to have survived through the ages just fine without P100's.

So when i see conspiracy theories on this I want to crawl through the  ethernet cable and beat the shit out of people that say it is fake or  it is bull shit .

[coughs intentionally]

Boo!



multiLOL

I guess that’s because we are communists. 

Indeed, the worst kind, western.

FTFY:

It turns out that retiring paying taxes is much more expensive than anyone would have imagined.

[HairyMaclairy]

Dude your Greek you don’t pay any tax

[600watt]

what happened? you sold?  

An unforeseen problem (in the form of help) required an additional monthly sum of money.
https://bitcointalk.org/index.php?topic=178336.msg54458717#msg54458717

owning no coins in post halving period (where price usually explodes) is a tough one. you seem to have the commitment and the knowledge, so I am sure that you will make it back. good luck, mate.

[Karartma1]

#BTFD

#BangThyFaceDammit

[OutOfMemory]

#BTFD

#BangThyFaceDammit

Dips don't age well, lately. 

[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 !

Are you referring to something in the ballpark of the current BTC price $15,500 to $16,400 -ish  or some other BTC reference price.. like a potential correction or a BTC price rise?

So for example, if you were referring to current BTC prices, then wouldn't a 3x price increase assist you in accelerating your goals.... that would be in the $45k to $50k price arena?

No sadly that’s based off my projected trading profits in 2021.  They will be short what I need by a factor of 3. 

It turns out that retiring is much more expensive than anyone would have imagined.

you want to retire solely on trading profits? when I try to decide if I could retire I just naively count my net worth and figure out if this could last for some decades. and the family. and the kids. and the kids of relatives. which feels I would never get there. and also: since selling 100% of stash is out of the question, (never more than 50% is the plan), the whole game needs to be played with half the sum to begin with.
then again, making a plan that requires to lose 50% of the best money ever created, is kind of stupid. it would be much better to retire on a plan like getting dividends from stocks or interest (like it used to be) from saved capital.

I hope some secure and reliable financial infrastructure will develop soon enough around bitcoin, that is letting bitcoiners keep their coins, earning interest in lending them out. or, even better, use part of btc stash as collateral to get a loan, and pay back the loan with bitcoin price rising over the long run.  I heard that is what rich people do/did with big/valuable real estate: they never sell it, all they do is using it as collateral for cheap loans, and then use the price appreciation of the real estate to pay back the loan. the family stays rich forever.

[Arriemoller]

People with extreme left wing views are more intolerant aggressive and dumber than others, a new study finds.
University of Melbourne was involved, have you answered any questionnaires from them lately, Hairy?
https://psyarxiv.com/3nprq

[Arriemoller]

Dude your Greek you don’t pay any tax

you're

[600watt]

Dude your Greek you don’t pay any tax

you're

And a big congats to Bob and Rick!

congrats



 

[Globb0]

Plan Bs latest looks on track wow

Note screen shot is from worldometer website. we are mooning to an all time high for covid cases each and every day

[vapourminer]

To anyone who is not a complete moron I simply say wear a respirator with P100 filters. MSA makes a nice model that does the job even if a POS coughs on you.

properly fitted p100s are easier to breath through than n95s anyway, and are actually pretty comfortable. i used p100s for years in my line of work so maybe im just used to them.

and nothing gives more peace of mind knowing than aint nothing getting through them, basically.

one thing i did do is buy a couple brands with different fittings so i would have a better supply of cartridges in case one brand had a shortage. although if left sealed the carts have a pretty good shelf life.

[birr]

Problem with masks is the air that goes around them, especially at the bridge of the nose.  Masks claim to filter out 95 percent (or whatever) but really only filter what goes through the material.  I worked as a carpenter for many years, and I often wore the N95 masks in very dusty environments.  Somehow the masks never seemed to get as dirty as you would expect.
I'm sure the big rubber respirators that look like gas masks work better.

[Arriemoller]

Dude your Greek you don’t pay any tax

you're

And a big congats to Bob and Rick!

congrats



 

Yeah, but mine was a typo 'cause of my cheap useless keyboard. Hairy just can't spell, and he is a native speaker.

[Arriemoller]

I really need a new keyboard, it misses like every seventh or so keystroke for some reason.

[Arriemoller]

Maybe it's all those times my cats have pushed of my desk.

Se, now it missed "it".

And now "e"

See what I have to work with here.

[vapourminer]

NB I don't condone the use of organs without the expressed consent of their previous owners.

edit: Why the hell does a lambo cost more than a set of lungs installed?

yeah and the resale value of the lungs probably doesnt deprecate either. sounds like the better deal to me.

@phil. heres to a speedy recovery to you and your wife.

[dragonvslinux]

The Fibonacci projection from March low to July break-out looks to be pointing to a pull-back to 1.618 at $14K or otherwise continuation to the 2.618 at $20K. Also to note the current logarithmic growth band we are facing resistance ("third lowest") was also the same resistance as late 2018, support & resistance in early 2019, as well as 2020 to some degree.



I'm liking the good of what happened in May 2020, with a Weekly candle of 22% that broke through it  
Also happy to buy the dip in the $12-14K if price goes the other way. Lower log band currently sitting at $12.1K.


Shorter-term...

I think there's still room to move down to $15.5K strong volume support, that will likely be very well defended. I also don't think the correction needs to go any deeper after very recently making new 3-year highs at $16.5K. The current level is old resistance that will likely become new support before moving higher again. The trend is your friend.

[strawbs]

It's happening again - I've started getting messages from friends-of-friends asking whether I think they should invest in xxx shitcoin, because apparently it's the new bitcoin.

So 2017.

[Globb0]

You may have a problem with system interrupting or something.

What does task manager say is happening when it misses typing?