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

[savetherainforest]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

he later said that he bought doggiecoin for his little X, so he might not be completely ambivalent about it.

He told us 1.5Bn were spent on Bitcoin... How much exactly did he spend on Dogecoin?

Man... I've been trading Doge for more then a week now. And I can tell you there is some weird buying pressure happening all the time. There is more money then there is dodge. And I made some simple math about the supply of doge per year, and it is way less then the amount the central banks are printing.            

Mathematically, deflation is unsustainable due to the infinite nature of having no cap. Once it gets so popular that miners decide to mine more doge, the market will quickly start diluting the price. Once the price dilutes, the people will start swapping it for Bitcoin.

BULL'F-iNG-SHEEEEEiiiiTTTT!!!!

The World NOW! All the World/Earth needs a minimum of 20 Trillion $ per year to keep inflation above 0%. If they don't print 20+ Trillion $ per year, they go under 0% and that is deflation and that means you will buy stuff cheaper in the supermarket for the same money you had. And now when it comes to Doge, if our favorite meme Doge coin can only produce around 5.256 billion coins per year, then that means there is a deficit of 19.994744 $ US Trillion. So that means that Doge needs to be at around 20$ US per coin then add like between 0.5% and 2% increased value per year for it to keep a moderation on inflation. (even if at this point it is 100% a deflationary coin, even with the 10K coins per minute. Basically you would need between 150K < > 250K coins per minute of Doge to be released on the market for the inflation of the World to stay above 0% ... is that clear enough for you??)

[Torque]

Does anyone have the list of WO members that need to be woken up at 50K?
...
BobLawblaw

Not selling at $50k. Decided we don't have any reason to, even on principle. Rick and I both have enough fiat set aside to last us comfortably for the rest of our unnatural lives.

Decided we're going to sell another mil when we're ready to start building on the ranch. The weather turned to shit overnight, so I suspect that's going to delay the engineering survey for possibly two weeks, but we are remaining patient, and not in a hurry to get the deal done.

Due diligence on a land deal the size we are considering is nontrivial. The agent repping us even commented "I've never worked on a deal this large for personal use"

Reminds me of my 70+ acre land deal a few years back.

The look on my agent's face when he said, "You mean you're gonna...pay cash for the whole thing?"  

And thank the gods I got the house built when I did...lumber prices are now through the roof.

[vapourminer]

Does anyone have the list of WO members that need to be woken up at 50K?

So far i remembered..

OutOfMemory
BobLawblaw

wake up?? for 50k?? *shudder* maybe 75k would be worth waking up for, just to hit snnoze bar while glancing at the chart.

i have lulz amount set to fire at 50k, just for reasons so ill know when it was.

[Dabs]

Not selling at $50k. Decided we don't have any reason to, even on principle. Rick and I both have enough fiat set aside to last us comfortably for the rest of our unnatural lives.

Don't sell it all then, borrow against it. May have to give up custody, but that usually means to another large institution like Gemini.

I take it you mean, you already have, in fiat, at least 25 times your annual expenditures, calculated for the rest of your lives, at about a 4% withdrawal rate, invested in some trad-fi stuff (stocks, bonds, etfs) that would probably yield at least 5%?

Awesome!

Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.


As for Doge or any other coins/tokens, it's not necessarily that there is an infinite supply, but the rate of that supply coming into existence. Technically, some coins have infinite supply, but will take several decades to double in total supply, so it is a bit misleading to look at it in terms of "is it capped or not?"

Bitcoin is also the same way. People keep focusing on the year 2140, when the last bitcoin is mined, but forget or do not realize that a hundred years before that, in 2040 (which is only 19 years away from now), we will already have 20.9 million coins, or 99% of the supply.

As early as 2030 (9 years from now) we will have more than 20.5 million coins. It's the last half million that will take until 2140.

[jojo69]

And thank the gods I got the house built when I did...lumber prices are now through the roof.

[BobLawblaw]

Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.

I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional n BTC in this lifetime, to give you some perspective.

[macson]

€ 40k on the way

https://twitter.com/tyler/status/1359869412707344385

[Dabs]

I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional n BTC in this lifetime, to give you some perspective.

You could look at some of those multi-sig wallet providers, like Blockstream, Casa or Unchained Capital. They also offer services on how to transfer coins to heirs upon your passing.

Other open-source, do-it-yourself multisig software includes Caravan, Electrum, Lily, Nunchuk and Specter, among others.

I have personally offered this to a few people as well by simply holding one of the keys and taught them how to use one of these digital dead man's switches to send me an email with the remaining key and instructions who to send or contact. You might want to do something similar with your estate lawyer, as simple as providing a sealed envelope or something like that.

*edited* to n.

[Biodom]

Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.

I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional n BTC in this lifetime, to give you some perspective.

avoid the highways, at least for today.
100 cars pileup at FW:
https://www.dallasnews.com/news/weather/2021/02/11/winter-weather-causes-hazardous-conditions-on-north-texas-roads/

[OutOfMemory]

Trash-80 COCO > Comodore 64.

Absolutely. After my MC-10 I got a Coco, then a Coco2, and then a Coco3.

The only advantage the C-64 had was a built-in FDD, but that was half the fun... installing the 512KB memory upgrade, third-party FDD controller, and external drive.

By the time I installed Microware OS9/6809, I was rockin' with multi-user, multi-tasking goodness. Installed "Deskmate" a GUI-based desktop suite.

The only problem was that I had no mouse so I used a joystick to move the cursor. Shortly after that I decided to take a break from computers and come back when they were more user-friendly. That was with the arrival of Win95. It took a while to get used to using a mouse instead of a joystick.

I think you are confusing the C64 with the Amiga500?
Neither the C64 (breadbox) nor the C64-II had a FDD built in. I omitted the datasette drive back then, went straight to a 1541 (external) FDD.
The Amiga looked much like the C64-II but had a 3,5" FDD built in on the right side.
Or did you mean the C128? I can't ffs remember if it had a built in FDD.

Does anyone have the list of WO members that need to be woken up at 50K?

So far i remembered..

OutOfMemory
BobLawblaw

wake up?? for 50k?? *shudder* maybe 75k would be worth waking up for, just to hit snnoze bar while glancing at the chart.

i have lulz amount set to fire at 50k, just for reasons so ill know when it was.

Hmm, thanks for reminding me. However, i'm not sure as i was.
Reason: I have a (small) enlargement of the house going on, but it's still in pause mode because of winter. So i put the money me and wifey have saved in BTC in december. The work should go on within the next weeks, i have to cash out at least half of what i put into BTC. If i decide to cash out at $50k, i'd only liquidate half of the original BTC amount, because i'd have the whole money back. As things develop, i'd rather wait as long as i can.

Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.

I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional n BTC in this lifetime, to give you some perspective.

Sir  


EDIT: Read about modem hax0rs movies, wanted to add the movie "23", sporting an original DEC PDP-11 computer. It was a german movie, maybe it was translated/synchronized in english as well, which i don't know.

Battery's drained and the power supply i can't find for the heck of it. See you later (maybe at new ATH?)

[Hueristic]

Just an FYI, the market is setting up for a squeeze.

https://datamish.com/btcusd/360d

[marcus_of_augustus]

56k

[P_Shep]

For awhile, back in the old modem days, I was able to tell if it connected at 56k or at 28.8k (or slower) just by listening to the whishy noise it makes, sort of like white noise with beeps. There was an audible beep tone that told me I connected at 56k.

On Wandavision recently, they used a modem and I noticed they made the effort to use the shorter tones that would have been appropriate to the time rather than the longer negotiation which came later.

Finally got around to watching Hackers last month. Definitely worth a watch.

Btw later I realized the guy from hackers was the actor from "Elementary", which was also a very awesome tv show.

And trainspotting.

[El duderino_]

Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.

I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional n BTC in this lifetime, to give you some perspective.

Also a bit important = when a dude is talking about retiring its "mostly" a person of 50-60y of age... Waiting 20y then...   

BTC is one of the most important things in a bitcoiners life, but much more important is to joy life and spend when spending is needed...

Everyone could get sick, ill, die at ages or whatever when its not planned and at 70-80 etc are some experiences not the same as when we are younger...

So always choose to live life at its fullest

 

[BobLawblaw]

And trainspotting.

The scene with broheim detoxing and the baby crawling on the ceiling was pretty far out.

[xhomerx10]

I hope they learnt a lesson with GameStop!

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

 DeepF_Value likely didn't donate (enough) to the right party.

[xhomerx10]

Does anyone have the list of WO members that need to be woken up at 50K?

So far i remembered..

OutOfMemory
BobLawblaw

 Please put me down for a 200k wake-up call.
 Good night!

[UnDerDoG81]

Day after day spectacular news! Thats enough fuel to bring us to Mars. Yet we are still in the earth atmosphere. Whats going on? f2pool really?

[xhomerx10]

Does anyone have the list of WO members that need to be woken up at 50K?
...
BobLawblaw

Not selling at $50k. Decided we don't have any reason to, even on principle. Rick and I both have enough fiat set aside to last us comfortably for the rest of our unnatural lives.

Decided we're going to sell another mil when we're ready to start building on the ranch. The weather turned to shit overnight, so I suspect that's going to delay the engineering survey for possibly two weeks, but we are remaining patient, and not in a hurry to get the deal done.

Due diligence on a land deal the size we are considering is nontrivial. The agent repping us even commented "I've never worked on a deal this large for personal use"

 You should build a structure visible from space like the Almeria greenhouses only in the shape of the Bitcoin symbol.  Oh wait... opsec

[Richy_T]

Any second now?