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

[mladen00]

Scooped another $500 of dip $18,050.

Somebody stop me !

You're late 3-4 yrs to write about it on wo

(dont be stupid)

[wxa7115]

Wow new wave of FUD incoming... lifting 21m coins limit, US banning private wallets cmon bears you can do better! What about China bans BTC? That one should work it always did... 

If they could do better then they would be doing it already, the fact that is what they are using shows how weak their position really is, lifting the 21 million coin limit is never going to happen and anyone seriously proposing that will be laughed out of the room, if anything I am seriously questioning myself whether I should ever read anything from cointelegraph ever again.

[Toxic2040]

another temporal shift?  i was not notified...again

this aggression will not stand...man   

[cAPSLOCK]

I just want to take a moment to thank Bob for digging the price out of the 17s singlehandedly by rapid fire $500 purchases on PayPal and Kraken.

[cAPSLOCK]

Assuming the new poll should read 12/13 closing price?  Or we doing a next October prediction ala MicDude?

[JayJuanGee]

How high will BTC go when ETH screws up again and all those BTC on eth are lost/burnt?

If that happens in a few years, Bob will probably be the only living human being left with any BTC.

He will have bought every single last one on paypal?

Oh?

Paypal does not have "infinite" supply of corns?

Or maybe, just maybe, there are just better hobbies out there for you, Bob? You’ve already won this game. Don’t just go back to bed, wake up and go win at another game. Buy a vineyard or something. I did. Without selling a single fracking sat.

Maybe, just maybe, I'm living life on my terms, having a blast, and know that I hold more BTC in reserve than I could reasonably spend in my lifetime.

I'm not wired to dump more BTC than I need to attain specific goals.

It turns out I oversold a bit this last round, and am now going slightly insane with part of the unallocated windfall.

Sue me.

Its clearly a lifestyle habit hard to stop

It clearly makes little to no sense, but at least bawb understands it.   

[infofront]

Old poll:



New poll corrected 

[Dabs]

Read from all sources, it's always good. CoinTelegraph is not saying it, they are quoting someone else as saying it. If anything, the basic fundamentals of bitcoin that we all know can not be changed without consensus. That implies, some certain parameters will never change, such as the halving and money supply, the 10 minute block times, etc.

Addresses may change, new scripts may get added, but the core rules will never change no matter what. There is not enough money at this point (and for maybe awhile now) to try and change it. CZ once mentioned a roll back, and we know that can not be done either. A re-org maybe, but not a roll back to more than a few hours ago.

If you're set for life like Bob or some others, looking into your corns once a year and keeping updated about all the new stuff that's happening may be all you need to do. It's like an annual rebalancing of your portfolio.

Wow new wave of FUD incoming... lifting 21m coins limit, US banning private wallets cmon bears you can do better! What about China bans BTC? That one should work it always did...  

If they could do better then they would be doing it already, the fact that is what they are using shows how weak their position really is, lifting the 21 million coin limit is never going to happen and anyone seriously proposing that will be laughed out of the room, if anything I am seriously questioning myself whether I should ever read anything from cointelegraph ever again.

[BobLawblaw]

Scooped another $500 of dip $18,050.
Somebody stop me !

You're late 3-4 yrs to write about it on wo
(dont be stupid)

...

[Biodom]

I think you need another hobby, Bobby. Maybe an outdoor one, far far away from screens and buttons.

I mean no disrespect, but I’ve always been somewhat perplexed by your trading activities.

I have the opposite problem from you. I avoid paying any more taxes than I have to, so I’ve actually never sold. Borrowed against, yes, but never sold. When I die, my heirs will assume my date of death cost basis. My charities can ignore any cost basis while I’m still alive. A charitable remainder trust or even Opportunity Zone investments (of which there are many in Texas; Dallas even) could help defer, minimize, or eliminate capital gains taxes. And there’s always Puerto Rico calling.

But still, I have never sold. Because I have faith that tomorrow’s price, at least historically, is more likely to be up than down, especially time-averaged. Sure, some years I have had to squint and extend my time averaging window by a LOT. But hey, patience has paid off so far, although I’ve only really been playing this game since triple digit days.

You could have avoided paying NIIT by selling less, way less, while still enjoying a respectable income. You could have taken out loans against your corn and watched those loans shrink to relative dust as the price of corn inexorably marches on.

The ironic part is that as an Obama-bashing, psilocybin tripping, gun-toting, supposedly black ultra-conservative, you have paid more to the good ol’ US of A government coffers in taxes than most people have even dreamed of investing in corn. Myself, an unapologetic progressive ugly libtard clean to the bone, is pulling every (legal) trick in the book to hang on to every damn sat I can. Even dying if I have to.

I’ve even risked earning about 20% of my stash in interest over the years, the ultimate form of DCA. Not your keys, not your Bitcoin yeah yeah yeah, but crikey people, we’re already full-throttled on speculative risk, what’s a little custodial risk while we’re at it? I’ve never gone all in and randomly execute full balance withdrawals just so they never get too used to mine being theirs. Back in the day, some semi-respectable bearers doled out upwards of 15%! That’s still a decent 7.5% if you only went half in. Besides the irksome risk of total loss, the shittiest part of earning interest is admittedly the fecking taxes, but this is small price to pay for continuing to grow your corn, especially in down years. Plus the interest I’ve earned has been more than enough to compensate for the interest I owe on my corn-collateralized loans. While the time averaged price of Bitcoin marches on to the beat.

I see you sleeplessly beating yourself up for selling low and buying higher. Maybe stop selling so much? Do you really have that much more faith in your conventional investments than corn? Do you really need that much more stinky fiat?

Maybe you are just addicted to buying? Maybe you sell just to have the means to buy again? Even with 23.8% taxes, even with massive stimuli and inflation and government spending, you still sell into fiat, only to buy back less corn at higher prices at 4 in the morning? Why, Bob, why? Why did you sell so damn much in the first place? What are all these alluring... reasons?

Have you somehow secretly lost faith, or perhaps never really trusted in the future of corn? Do Elon Musk and Warren Buffett whisper sweetly in your ear, “Buy TSLA, buy BRKA, give US your dirty fiat!”
Maybe that sweet, sweet baby-faced Elon promises a better moonshot for you? 

Or maybe you just love the smell of burnt popcorn and fiat in the morning?

Or maybe, just maybe, there are just better hobbies out there for you, Bob? You’ve already won this game. Don’t just go back to bed, wake up and go win at another game. Buy a vineyard or something. I did. Without selling a single fracking sat.

I am not sure about bitcoin, maybe it is just resting, but speculative stocks will crash at some point, maybe within the next 3-4 mo, although this might be an unpopular opinion.
IPOs are jumping 200% from the open, deeply unprofitable stocks going up 100-200% on dubious news, it is really difficult to invest consciously.
I sold some stonks, getting ready to buy GBTC in "stonks" accounts, premium is not that bad right now.
Not sure to employ now or wait for lower. In any case, I am just being greedy   .

[infofront]

MassMutual makes $100 million Bitcoin investment

The logarithmically increasing flow of institutional money into bitcoin is in full swing!

[cAPSLOCK]

Scooped another $500 of dip $18,050.

Somebody stop me !

You're late 3-4 yrs to write about it on wo

(dont be stupid)

Heal thyself, physician.

[cAPSLOCK]

MassMutual makes $100 million Bitcoin investment

The logarithmically increasing flow of institutional money into bitcoin is in full swing!

The longer they say stuff like this the better.  Corn is 18k and it's still an upstart!



I think they heard Bob's twitching finger was buying it all up and decided they better make their move.

[DaRude]

Read from all sources, it's always good. CoinTelegraph is not saying it, they are quoting someone else as saying it. If anything, the basic fundamentals of bitcoin that we all know can not be changed without consensus. That implies, some certain parameters will never change, such as the halving and money supply, the 10 minute block times, etc.

Addresses may change, new scripts may get added, but the core rules will never change no matter what. There is not enough money at this point (and for maybe awhile now) to try and change it. CZ once mentioned a roll back, and we know that can not be done either. A re-org maybe, but not a roll back to more than a few hours ago.

If you're set for life like Bob or some others, looking into your corns once a year and keeping updated about all the new stuff that's happening may be all you need to do. It's like an annual rebalancing of your portfolio.

Wow new wave of FUD incoming... lifting 21m coins limit, US banning private wallets cmon bears you can do better! What about China bans BTC? That one should work it always did...  

If they could do better then they would be doing it already, the fact that is what they are using shows how weak their position really is, lifting the 21 million coin limit is never going to happen and anyone seriously proposing that will be laughed out of the room, if anything I am seriously questioning myself whether I should ever read anything from cointelegraph ever again.

It's still possible to propose fundamental rule changes, but in any case would result in a fork

[serveria.com]

I just want to take a moment to thank Bob for digging the price out of the 17s singlehandedly by rapid fire $500 purchases on PayPal and Kraken.

Everybody say thanks to Bawb!  We need that BobLawBlaw buying the fucking dip meme... El Dude where art thou? 

[d_eddie]

Maybe you are reading too much into it. Banks have alert triggerings of all sorts. Ie:

- Amounts significantly over the usual for your profile.
- Abnormaly high number of tx's.

Not this for sure.

- Origin/destination to flagged accounts (ie: Accounts completely blacklisted, suspicious accounts, Bitcoin exchanges?).

Most likely this, as Dabs suggested.

- Tx's to/from other countries (this one is the main one when it is not clearly justified considering your informed profile).

Impossible. I routinely wire abroad, similar or larger amounts.

There are several reasons why banks NEED to do this:

1- To protect themselves from huge fines for not supervising money flow in accordance to KYC/AML and other regulations they are subject to.
2- To protect clients from having their funds extracted by hackers, etc...
3- To know what their clients are doing to detect trends and business opportunities.

Good point. Given the hoops I have to jump through to order a transfer, I would exclude 2, at least in my case. 1 and 3 are the most likely. In case of 3,

Hello? Is there anybody in there? Did you get it? Yes, that's right, I'm buying "crypto" ! Ah, which "crypto" you ask? Hm... this is reserved info. Would you like some paid counseling? As if I were, say, a bank? (I actually am a bank. My own.)

What do you think would most probably apply in your case for having triggered a confirmation alert?

They probably have Kraken pre-flagged and will have made phone calls to the taxman already. Well as long as I don't sell I'm fine. And no, sir, I'm not selling at this time.




EDIT (And thanks for the merit, Bawb!)

[serveria.com]

Scooped another $500 of dip $18,050.
Somebody stop me !

You're late 3-4 yrs to write about it on wo
(dont be stupid)

...

Please forgive him as he's not aware of the rusty pipe... 

[Toxic2040]

New poll corrected 

 

+1 WOsMerit


-----

noon charts and some speculation

hmmm...MassMutual...straight open market buy off Coinbase?   what do you think?
4,500btc*$19,000=$85,500,000

https://twitter.com/whale_alert/status/1337080233401470980


just dont know...looks like we should correct...feels like we should correct
but all these damn billionaires and hedges have way too much cash sitting around waiting on dip
i dont like it
the good news is most of them are not day traders..probably long term hodlers..for now

dyor

tied it off right into a knot
1h


sure looks like a bounce..kitteh not happy
4h

stronghands

[Biodom]

... know that I hold more BTC in reserve than I could reasonably spend in my lifetime.

You could simplify it a bit by setting a fixed (in fiat) amount of extra money to spend, or not spend. If you really want to unreasonably spend everything in your lifetime, you will need either an estimate of how much time you have left or fudge it a bit more, then divide your corns by that number of years, and you have a maximum number or ceiling to liquidate.

A nice number to assume would be 30. Since , as you know, plenty of sources say 25x of your annual expenses and in theory you should be able to live on 4% of that for the rest of your life.

So, if you have say, 300 corns, then divide that by 30, that means you can probably spend 10 corns every year, and you'll be unreasonably spending everything until it runs out. It will take 30 years to deplete, and as the price fluctuates, goes up, or goes down, probably going up for the next 30 years, you'll end up with more fiat than you know what to do with.

Imagine being "forced" to spend 1 corn a month for the next 30 years.

If you're still alive in 30 years, you'll either run out of corn but have a lot of fiat, OR you didn't spend all your corn and can keep drawing on it.

If you're not already a billionaire, do not get a private jet. You will need more than the price of the plane to pay for it, maintenance, expenses, a full tank of fuel everytime you fly, salary for your pilot, all sorts of paperwork. I think flying first class or even business class, when you do need to travel, is quite okay with a lot of people already.

Funny, you are describing a plan that I concocted a few years back...dividing by 30, etc.
However, I deviated from it...don't want to cash out and spend yet, lol

[HI-TEC99]

Hey guys im not active here so i dont remember any names really but wasnt there some guy who was ultra bearish almost every day here? What happened to him? Is he still around? I remember at like around 10k he was telling everyone to short for financial freedom or something

There have been dozens like that over the years... Kwukduck (sp?), Proudhon (just a joker... not serious), Notlambchop (paid anti-Bitcoin shill), Fonzie... the list goes on and on.

Add "cut your loose" falllling to the list. Last posted September 09, 2014.