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

[savetherainforest]

Big: https://i.imgur.com/QAuHAJv.png

Updated new user Hat: mikeywith

https://www.wohats.com/

That sh!t will get us into trouble at some point...

I already feel leeches breathing on my neck and had to tell everyone that I sold and bought some cent stock coin like XRP. ... I will soon have less sh!tcoins to throw the blame on and telling people I lost money on them, but that:  "I'm confident in BTCiTcoin."

[BTCaesar]

it is so me... as a newbie!

[sirazimuth]

So I always like to check the latest bitcoin-obituaries  during a pump for the "other side" commentary.
And this dude doesn't disappoint.
You know they are completely out of touch when they start with the tulip nonsense.

"Blah blah blah... tulips... blah blah blah... echoing same no coiner shit, different day... blah blah blah...."

Not to overwork the cliché, but I cant resist...have fun staying poor!

[Xian01]

[sirazimuth]

lol...
I swear, my edit to above post came before I saw this one^

[cAPSLOCK]

Talking about all ahead one third, have you heard that Elwars cruise ship Satoshi is getting scrapped?
They couldn't get insurance.

https://mailchi.mp/ba2ecae563e0/satoshis-final-voyage?e=613696359f

Oh man.  That REALLY stinks.

[savetherainforest]

What bull market??   ... We are flat lining for a few months now. Until you see 200% rise per month, there is nothing to see here.

[cAPSLOCK]

Trolololo's 2014 updated chart.

$100k @ 16-07-2021?

Not enough S in trollolol's curve.

[OROBTC]

...

The "Christmas Star" is now out tonight (western sky in the USA).  This happens when the planets Jupiter and Saturn get very close to each other in the sky.  Tomorrow the two planets will be so close that they will look like one star.

This happens very rarely.  After tomorrow, it will not happen again in our lifetimes.  *



* astronomy nerd as a kid

[xhomerx10]

https://www.foxnews.com/world/russian-scientist-covid-19-vaccine-death-st-petersburg

 
 Well that's just great! The Russian Covid vaccine's side effects include plummeting and stab wounds.  Hopefully these side effects aren't prevalent with our vaccine (if we get one that works on the current mutation)

[xhomerx10]

...

The "Christmas Star" is now out tonight (western sky in the USA).  This happens when the planets Jupiter and Saturn get very close to each other in the sky.  Tomorrow the two planets will be so close that they will look like one star.

This happens very rarely.  After tomorrow, it will not happen again in our lifetimes.  *



* astronomy nerd as a kid

 Thanks for the heads up - this is something I wanted to see and didn't realize it was today!  Time flies when you're watching ATHs.
Just checked the current cloud cover in my area and it'll be about 2 hours before we have clear skies (even if only briefly).  Hoping they haven't set by then.

[Elwar]

The demand for cabins was nil. Even with the lowest prices we could possibly offer and break even, nobody wanted to live on it.

While I'm sympathetic with the whole seasteading idea and I respect you for standing up and actually trying to do something rather than enjoying your likely riches, this is the critical bit, as several posts have already pointed out.

The prices you quoted ("starting from" - which seems to threaten much higher numbers) weren't that high in themselves, but that would only get you an inner cabin - no sea view. Basically, a closet to sleep in and not much more.

But the real issues come when one actually considers the reality of living there. Maintenance expenses that look like a real menace. Who's going to pay for the fuel, the food, the cleaning? Rhetorical question: me of course. I'm not sure the "only BTC accepted" policy was expressely stated by you, but it's as likely as not, and it doesn't look good to an oldschool hodler. Would it have been just crappy fiat - well, maybe, who knows. But my cornz? OMG nooo!

Imagine having to splurge btc for every drink. Maybe for plain water, too... with the monopoly market that inevitably ensues on such a closed, isolated community. Mostly consisting in millionaires, go figure. Scary as hell for the small fish.

I won't even mention the risk of having dinner table neighbors that engage in endless, unsolicited tirades. Oops, I just did! (j/k)

And with the hard rules about living onboard - rules usually made and enforced by the captain, not the stakeholders, there's the sizable risk of imaginary freedom turning into perpetual obedience. The thing we were trying to run away from in the first place.

An auction usually "starts from". Out of 100 rooms for sale during the auction only 10 were sold. So in every category of cabin you could have purchased at the lowest price. We wanted the auction to catch any problems where someone wants two rooms right next to each other or in front of each other but someone else wants that room. Let the highest bidder have it.

Correct about paying for food and electricity. You have to pay for your own food. I know it's kinda crazy to consider no free food but we were trying something quite radical.

I'm not sure what you mean by "hard rules about living onboard". You think there would be more rules on a ship run by anarchists than the island that was .5 miles from the ship or on land that was 6 miles from the ship?

Did people truly think we were putting the ship 200 miles out in middle of international waters with no way to escape?

We were closer to downtown Panama City than commuters that drive to the city every day from out of town. People living in the outer suburbs could have literally rented a cabin on the ship and commuted to work and been to the city faster than their former neighbors. People literally live on the island that would be swimming distance from the ship.

If this is what people believed it may have been our marketing that did us in.

Then again, we realized that the Internet is for talking. Not for doing. We believed people wanted a sort of Bitcoin city as a testing ground for living on bitcoin. We believed people wanted to test out seasteading even if it was just the first step at a much cheaper price than any seastead in the future will ever ever be again (we paid less than scrap prices for what was essentially a ready made seastead, just the cost of the raw material). All future seasteads will need to pay for not only the raw material but the labor, shipyard costs, government interference, and likely a company that actually wants to make a profit instead of a couple of guys that want to make something happen so much that they're willing to break even as long as we can make something great happen.

[True Myth]

The demand for cabins was nil. Even with the lowest prices we could possibly offer and break even, nobody wanted to live on it.

While I'm sympathetic with the whole seasteading idea and I respect you for standing up and actually trying to do something rather than enjoying your likely riches, this is the critical bit, as several posts have already pointed out.

The prices you quoted ("starting from" - which seems to threaten much higher numbers) weren't that high in themselves, but that would only get you an inner cabin - no sea view. Basically, a closet to sleep in and not much more.

But the real issues come when one actually considers the reality of living there. Maintenance expenses that look like a real menace. Who's going to pay for the fuel, the food, the cleaning? Rhetorical question: me of course. I'm not sure the "only BTC accepted" policy was expressely stated by you, but it's as likely as not, and it doesn't look good to an oldschool hodler. Would it have been just crappy fiat - well, maybe, who knows. But my cornz? OMG nooo!

Imagine having to splurge btc for every drink. Maybe for plain water, too... with the monopoly market that inevitably ensues on such a closed, isolated community. Mostly consisting in millionaires, go figure. Scary as hell for the small fish.

I won't even mention the risk of having dinner table neighbors that engage in endless, unsolicited tirades. Oops, I just did! (j/k)

And with the hard rules about living onboard - rules usually made and enforced by the captain, not the stakeholders, there's the sizable risk of imaginary freedom turning into perpetual obedience. The thing we were trying to run away from in the first place.

An auction usually "starts from". Out of 100 rooms for sale during the auction only 10 were sold. So in every category of cabin you could have purchased at the lowest price. We wanted the auction to catch any problems where someone wants two rooms right next to each other or in front of each other but someone else wants that room. Let the highest bidder have it.

Correct about paying for food and electricity. You have to pay for your own food. I know it's kinda crazy to consider no free food but we were trying something quite radical.

I'm not sure what you mean by "hard rules about living onboard". You think there would be more rules on a ship run by anarchists than the island that was .5 miles from the ship or on land that was 6 miles from the ship?

Did people truly think we were putting the ship 200 miles out in middle of international waters with no way to escape?

We were closer to downtown Panama City than commuters that drive to the city every day from out of town. People living in the outer suburbs could have literally rented a cabin on the ship and commuted to work and been to the city faster than their former neighbors. People literally live on the island that would be swimming distance from the ship.

If this is what people believed it may have been our marketing that did us in.

Then again, we realized that the Internet is for talking. Not for doing. We believed people wanted a sort of Bitcoin city as a testing ground for living on bitcoin. We believed people wanted to test out seasteading even if it was just the first step at a much cheaper price than any seastead in the future will ever ever be again (we paid less than scrap prices for what was essentially a ready made seastead, just the cost of the raw material). All future seasteads will need to pay for not only the raw material but the labor, shipyard costs, government interference, and likely a company that actually wants to make a profit instead of a couple of guys that want to make something happen so much that they're willing to break even as long as we can make something great happen.

Your passion is inspiring.  If there is one thing in this life that is worth living for its passion for what you believe in.  I for one, did check your prices and offerings. I thought they were quite fair. Unfortunately, I'm not in a position to pursue that living at this point in my life.

Best of luck in future endeavors.

* Edit
If your approach to this was from a business perspective, it truly was a niche market.  Must like sea life and own bitcoin is unfortunately a very small percentage of the current day population.

[True Myth]

There are an awful lot of consecutive green daily candles lately. Total of 8 to be precise.

Last time we had 8 in a row was back in June 2019.

Obligatory 9th red candle achieved. Next 8 green daily  candle run may now commence.

[sirazimuth]

If you (American citizen who qualified for 1st stimulus payment) turned your $1200 free money check from the government into bitcoin on  April 30, 2020 (bitcoin@$8,784) it would now be worth  $3210. (approx)
(and yes, I understand that most folks weren't in a position to do this, sadly. I'm just saying.)

Now it looks like more free money in the works....GO BITCOIN!!

....

(oops! post delete!... I gotta remember to scan back in thread before posting a "new" bitcoin related tweet, because if it's more than 30 seconds old, it has already been posted here, lol)

[lightfoot]

If you (American citizen who qualified for 1st stimulus payment) turned your $1200 free money check from the government into bitcoin on  April 30, 2020 (bitcoin@$8,784) it would now be worth  $3210. (approx)
(and yes, I understand that most folks weren't in a position to do this, sadly. I'm just saying.)

Now it looks like more free money in the works....GO BITCOIN!!

....

(oops! post delete!... I gotta remember to scan back in thread before posting a "new" bitcoin related tweet, because if it's more than 30 seconds old, it has already been posted here, lol)

Yup. I put half in bitcoin, half went to the food bank. Probably do the same with the next one, I really wish the Govt would stop sending money and start sending btc.

[True Myth]

Observing upward price pressure on the BTC front.

$23,860 USD currently and moving upward.

Buy walls supporting at least a short push to $24k again.

[sirazimuth]

half went to the food bank. Probably do the same with the next one, I really wish the Govt would stop sending money and start sending btc.

Kudos to you dude. That's very generous. Maybe I best start working on your medallion.

(img.unavailable atm) 

[philipma1957]

What bull market??   ... We are flat lining for a few months now. Until you see 200% rise per month, there is nothing to see here.

You are  right. this is 2016 and next year will be 2017 which means we push 15-20x todays price.

Around december 21 , 2020

[philipma1957]

If you (American citizen who qualified for 1st stimulus payment) turned your $1200 free money check from the government into bitcoin on  April 30, 2020 (bitcoin@$8,784) it would now be worth  $3210. (approx)
(and yes, I understand that most folks weren't in a position to do this, sadly. I'm just saying.)

Now it looks like more free money in the works....GO BITCOIN!!

....

(oops! post delete!... I gotta remember to scan back in thread before posting a "new" bitcoin related tweet, because if it's more than 30 seconds old, it has already been posted here, lol)

Yup. I put half in bitcoin, half went to the food bank. Probably do the same with the next one, I really wish the Govt would stop sending money and start sending btc.

Norway kind of did this.