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

[marcus_of_augustus]

https://m.youtube.com/watch?v=c9mr3FZtKXA

Bitcoin is luv 

She must be high

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[El duderino_]

next move up is setting up to be quite explosive again.

the bull flag upward pennant beneath 50k looks strong and if it's right about the exchanges getting cleaned out of corn .... well the only resolution to lack of corn is higher prices

[bitserve]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair.

How is a home not an investment?

Is rent free where you are?

[Torque]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair.

How is a home not an investment?

Is rent free where you are?

Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment.

[OutOfMemory]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair.

How is a home not an investment?

Is rent free where you are?

Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment.

Depends on how you look at it.
It's an investment that "returns" a major part of your everyday life, in terms of recreation, privacy and space to express yourself (and moar).

[Arriemoller]

I bought myself a model rocket from the UK today, decided to start launching rockets again, something I did when I was younger.
It's gonna be interesting to see what the customs fee is, if any, now that brexit is done.

When I was a kid I used to make rockets out of paper towel tubes and one time I ran out of wadding so I substituted tissue paper (woops i was a dumb kid) So when the cone shot off the rubber band melted and the rocket fell to the ground while the parachute with the cone floated in the sky till I couldn't see it and was gone.

Now here is the fucking sick part!

I got home and the cone was sitting on the front walk to my front stairs!!!

you just can't make this shit up!

Reality is a really weird place to live.

Nice. I used to do Estes rockets, loved the Scrambler (3 C engines) then I got into Aerotech bigger rockets with the F and G engines. Still have one in my closet along with a few motors, wonder if I can still get them.

I could get back into that as a hobby, although since I'm a pilot I now have to follow all FARs.

Cool, yeah they were Estes when i was a kid.

I keep telling myself to get a pilots license but I am just one lazy fuck these days.

The one I bought is actually an Estes, it's the Estes 7000 Bull Pup 12D
https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2047675.m570.l1313&_nkw=+Estes+7000+Bull+Pup+12D&_sacat=0

I bought that one because it's very similar to the SAAB missile Rbs 15 Gungnir, you basically just need to put a shorter cone on it and paint it green or grey, and that's exactly what I plan on doing.

[friends1980]

$48,6K.

Are we poor bored again?

[El duderino_]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair.

How is a home not an investment?

Is rent free where you are?

Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment.

Yes it is.... its an investment for a little piece of mind as an always last back up, diversification tool, a store of value likely to increase overtime, when you pass away its still a leftover for your kids etc you can see many ways why its good and I still and always will prefer it over renting a place....

Like in Belgium loans are cheap AF buy a house of X-price, pay a bit up front and loan the sh*t out of it.... renting is a lot of times more expensive ... and you get d*ck for it ...

[lightfoot]

Yeah, we're poor again. God it sucks.

[OutOfMemory]

$48,6K.

Are we poor bored again?

We are not entertained...
Honey badger, do something!

[El duderino_]

Yeah, we're poorrer again. God it sucks.

FTFY          and indeed it s*cks donkeyc*ck

[ivomm]

MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes  $MSTR... MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins.

https://twitter.com/michael_saylor/status/1361651387457748995

[Arriemoller]

I'm not really sure if "taking profits" in fiat can really be considered correct phraseology any longer.
I don't think you guys are getting just how far gone the current fiat banking systems are. It's like saying taking profits in Zimbabwe dollars, or taking profits in Venezuelan bolivars, argentine pesos ... at some point it's nonsensical to talk about taking profits if you're buying a higher risk devaluing asset

It depends what you're buying. fiat or an investment (which your home is not) then probably not but if you're materially improving your life (even in trivial or ephemeral ways) then I think it's fair.

How is a home not an investment?

Is rent free where you are?

Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment.

Yes it is.... its an investment for a little piece of mind as an always last back up, diversification tool, a store of value likely to increase overtime, when you pass away its still a leftover for your kids etc you can see many ways why its good and I still and always will prefer it over renting a place....

Like in Belgium loans are cheap AF buy a house of X-price, pay a bit up front and loan the sh*t out of it.... renting is a lot of times more expensive ... and you get d*ck for it ...

Actually, according to my economics 101 course, tho only investment a private person can do is buying real estate, all other purchases are regarded as consumption. (Not sure if "konsumtion" translates to consumption in English).

[friends1980]

Yeah, we're poorrer again. God it sucks.

FTFY          and indeed it s*cks donkeyc*ck

Donkeyco*in sounds like a great shitcoin as a noble alternative for Dogecoin or so. What are we waiting for?

[BobLawblaw]

Donkeyco*in sounds like a great shitcoin as a noble alternative for Dogecoin or so. What are we waiting for?

 Ya know... I wonder about launching "AnusCoin" - It's basically a total ripoff of Bitcoin, but max issuance is 455,455. Everything works on the same halving timeline as Bitcoin.

 In theory, this should appreciate 46 times faster than Bitcoin.

[Syke]

Your home is only an investment if you plan to one day sell it (for more than you bought it); if you don't ever plan to leave, then it's not really an investment.

It's typical to own a big expensive house while working, then selling it and retiring to a smaller inexpensive house. Investment.

[El duderino_]

https://twitter.com/BitcoinMemeHub/status/1361667381458702341?s=20

[Arriemoller]

 Took a look at the Estes Scrambler on the tube, looks like a cool rocket with the payload section and the three engines.

Going to bed dreaming of the moon.

[BobLawblaw]

NGU

[marcus_of_augustus]

... mind virus of holding bitcoin on corporate balance sheet has spread to Europe, 1 case in recorded in Germany

https://www.benzinga.com/markets/cannabis/21/02/19682496/synbiotic-se-becomes-the-first-publicly-traded-company-in-germany-to-hedge-against-euro-currency

Given the excessive increase in money supply in both the euro and USD zones, there is legitimate concern about a massive devaluation of fiat money. The cannabis company SynBiotic SE (XETRA; ISIN: DE000A2LQ777 / WKN: A2LQ77) is therefore set to become the first listed company in Germany to hedge against the devaluation of the euro with bitcoin. Hence, SynBiotic SE has started to shift some of its free liquidity into bitcoin.

SynBiotic SE CEO Lars Müller says of the decision: "Our decision focused less on price fluctuations than the risk of devaluation of euro and dollar. Bitcoin is the exact antithesis of traditional currencies: its volume is limited to 21 million units. This limit is fixed and inviolable, which the cryptocurrency‘s decentralized organization and the blockchain‘s tamper-proof nature in turn guarantees. For this reason, we have more long-term confidence in bitcoin than in euros or dollars, where a central institution, influenced by politicians, can expand the money supply immeasurably. In addition, the cannabis sector in particular has had very positive experiences with bitcoin as a simple and digital means of payment. Several SynBiotic subsidiaries already accept payments in bitcoin in addition to payments in euros."