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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (13%)
8/11 - 8 (6.5%)
8/18 - 6 (4.9%)
8/25 - 8 (6.5%)
After August - 73 (59.3%)
Total Voters: 123

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26487633 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
El duderino_
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February 17, 2021, 07:50:29 PM

Bitcoin was just featured on the BBC due to it going over 50K.
GF asked so how high will it go.
My answer: "$10 million by 2026"
GF: "No way, there's no way you can go from 50K to 10million"
Me: "Would you have believed it going to 50K when it was at 50cents in 2011?"
GF: "True"

I hope your GF doesn't know the real quantity of your stash...

If not, keep it that way...



Fuck it. Snow outside, but I need a walk...

$52k when I'm back.

Indeed its 52
LFC_Bitcoin
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#1 VIP Crypto Casino


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February 17, 2021, 07:55:32 PM

Fuck Christmas.

The 12-18 months after the block reward halving is my fun time.

Wekkel
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yes


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February 17, 2021, 07:57:23 PM

Where is that dude with his Four Tops theory?
lightfoot
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I fix broken miners. And make holes in teeth :-)


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February 17, 2021, 07:58:02 PM
Merited by BobLawblaw (1)

Gotta tell you, I remember people thinking it was going to fall once Biden came in. Hasn't worked out that way which could mean Bitcoin is more than a disaster hedge.

Damn interesting day.
Dabs
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February 17, 2021, 08:00:04 PM

First bit in bold - you need to buy, e.g. Apple, to benefit from the future value of Apple; you do not need to buy MSTR to benefit from the future of bitcoin, you can just buy BTC (and indeed not pay the premium which MSTR currently commands).

Second bit in bold - so how does an investor see the benefit of the increase of value? Or indeed MSTR? Only by relying on future decisions/actions on the part of Saylor/MSTR - seems like a delegation of responsibility that could easily fall foul to a change in how the market view their actions (the “sentiment” I mention above).

future value = probably go up.
not sell = they borrow against it on it's then current value.

As long as the asset continues to appreciate, they can keep doing that. They do that with real estate that keeps rising in value, like Manhattan apartments facing Central Park are worth millions or something like that.

Really don’t follow your point about future value = probably go up ... that is self evident but if one buys BTC directly you also see that result?

And yes, your second point is exactly what I am saying ... MSTR need to decide to do this, and then borrow in the traditional markets to show that return ... I fail to see how it is advantageous for bitcoin to expose itself to traditional market activities and sentiments.  If for instance MSTR fall out of favour, they make some mis-step that results in a fall in their stock price, Saylor gets ousted by the board and the strategy changes - do you think that will be net beneficial for bitcoin - I think not, hence my original end in tears post.  

Nor do I see what the benefit is to the investors - unless for some reason they can invest in MSTR and not in BTC - better for them not to delegate their approach to bitcoin to MSTR to decide on their behalf.

Well.. okay. For us retail or normal people, we probably don't need to buy MSTR. But there are other people who don't know or can't buy BTC directly, particularly some institutions. So they get MSTR instead or they get any of the other stuff like GBTC, ABTC, EBIT, QBTC, there are a few more out there.

Saylor, having been CEO for at least 30 years of the company he founded, is unlikely to step down any time soon, plus most of the videos on their website are him talking, and maybe a couple of the other board members. I think he'll be around for the next 10 years at least, and then when he hands it off to his successor, everyone will still be happy.

I'm not buying MSTR myself, I would rather get the other ETFs now available for exposure to BTC, but valid or legal to hold in government registered retirement or savings accounts. Some are tax deferred and some are tax free. You just have to live with the premiums.

Of course, keep hodling the rest in your own wallets.
Dabs
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February 17, 2021, 08:02:08 PM

https://www.fool.com/investing/2021/02/17/the-motley-fool-announces-5-million-investment-in/

That posted yet?

It's a small investment, but their mailing list/business, etc!!!  oh emm gee...

Quote
Finally, we aren’t buying overpriced ETFs as our route into Bitcoin. We are buying Bitcoin directly.

Interesting. They are buying BTC, not other containers. I wonder where from, most likely Coinbase, as rumor has it that's who took care of both Tesla and MSTR.
El duderino_
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February 17, 2021, 08:03:20 PM


facebook privacy album
El duderino_
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February 17, 2021, 08:08:29 PM

Richy_T
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February 17, 2021, 08:09:27 PM
Merited by DaRude (1)

Quick and dirty. Because I wanted it and someone was asking too.



Way too much work. I think I'll make one from scratch at 60k Cheesy

Edit: Dammit. I just realized I'm still short another 0. Hang on Cheesy
Richy_T
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February 17, 2021, 08:13:18 PM
Merited by BobLawblaw (10), HairyMaclairy (1)

Better

OutOfMemory
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February 17, 2021, 08:16:33 PM
Merited by Torque (1), BobLawblaw (1)

Stay warm and safe, friends.
Is this really you, Bob?  Grin

Faced with the prospect of freezing to death, you become pretty fucking cheery when the heat comes back on.

Long version:
(feel free to skip to the end)

We got power outages after heavy snowfall and/or storms (or much snow followed by rain) over here, about two times per winter. Normally they last 6-10 hours, because we're in an area where quite many households per square mile are supplied, at least for countryside measures, so these come first when the powerlines are repaired.
This winter we had a power outage lasting for two and a half day (!), because one of the two largest 380 Kilovolt lines ripped apart, which sends a shockwave between the neighboring poles to the left and right. They had to cut away and rebuild almost three quarter miles of power lines. Luckily, we live across the main street, which is the border of the two power supply zones. It were a good 10 hours without power, no hassle. We all got energy efficient houses, they keep the warmth inside a little longer, as long as you keep the doors and windows closed.

Now, three years ago, we had power outage number two (of the winter). No more than six hours BUT when the energy supply company switched the line on and off repeatedly, our heating system died (geothermal heat pump) and the support guy needed two days to get to us. A brilliant guy, he already pre-ordered the needed parts, or else we eould have to wait another 2 weekdays for the repair. Temperatures were just around freezing. Temperature went down a good 9 degrees inside, so we slept in sleeping bags with our clothes on.

So far so good, last summer the heating fucked off because a lightning hit near our house and killed the electronics through the outside temperature sensor. SARS-CoV-2 made the service companies half as quick and the brilliant guy already left for a better job. Now it took seven days (over the weekend) for the tech to show up, with nothing but his toolbox  Roll Eyes He needed almost two hours to know what to do and which parts to order. A VERY talkative dude, with little skill. He knew a shitload about cars, as i was forced to find out. It was friday again, so he showed up four days later with the parts and repaired the system SLOW AF.
I never seen a tech working this slow before. I swear you could watch him thinking!
If we suffer a defect in winter, we're fucked. We would have to move out for a while or freeze to death.

That's why my plans after taking profit near the peak of this cycle includes an autonomous photovoltaic power supply for the house., maybe coupled with wind energy.

Short version:
I can really feel you, bro Grin

43k € [Kraken]

Congrats Euro-WOers!

Edit: And soon $52k.

Already touched 52K..  lets party!   Grin Shocked
* OutOfMemory saying "alright" to himself.
* OutOfMemory goes to the shelter for a fresh bag of weed.



*edited some details

cAPSLOCK
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February 17, 2021, 08:19:41 PM

Where is that dude with his Four Tops theory?

??

cAPSLOCK
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February 17, 2021, 08:22:54 PM

Stay warm and safe, friends.
Is this really you, Bob?  Grin

Faced with the prospect of freezing to death, you become pretty fucking cheery when the heat comes back on.

We live close to a Fire Station, so I am attributing our continued power to that... but our house is old... really only insulted with rat skeletons, and we have had at least 2 pipes burst.  Finding a plumber here is... well... pretty much impossible right now.
Richy_T
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February 17, 2021, 08:27:27 PM

Gotta tell you, I remember people thinking it was going to fall once Biden came in. Hasn't worked out that way which could mean Bitcoin is more than a disaster hedge.


See, I would take that as evidence that it is one Cheesy
marcus_of_augustus
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February 17, 2021, 08:31:45 PM

perfect. I especially like how the hastily added zeroes are glitching, fits the ethos of the gif and btc!!

Better


Richy_T
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February 17, 2021, 08:33:27 PM


We live close to a Fire Station, so I am attributing our continued power to that... but our house is old... really only insulted with rat skeletons, and we have had at least 2 pipes burst.  Finding a plumber here is... well... pretty much impossible right now.

Learning some basic plumbing is very worthwhile. As well as keeping some bits and pieces on-hand. Wherever we've had pipes burst before, I've put cutoffs so I can isolate those parts of the house when things get bad. Being without heat is one think (get an emergency heater too) but being without water will have you downright miserable.
Richy_T
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February 17, 2021, 08:35:17 PM

perfect. I especially like how the hastily added zeroes are glitching, fits the ethos of the gif and btc!!


I *wish* they were hasty. Smiley They are actually moving extremely smoothly. It's the underlying gif that's unstable.
Wekkel
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February 17, 2021, 08:35:44 PM

Where is that dude with his Four Tops theory?

??



The bearish TA prophecy  Cheesy
Phil_S
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February 17, 2021, 08:38:05 PM

Historically, good times come after inauguration: first at 2013, and then at 2017.

Told ya.
El duderino_
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February 17, 2021, 08:42:11 PM

Historically, good times come after inauguration: first at 2013, and then at 2017.

Told ya.

Don't tell obvious stuff please


j/k  Tongue Kiss
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