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

[lightfoot]

Meantime we seem to be stuck at or around $50k. God this being poor is hard.

[1715110772]

1715110772

[El duderino_]

[JSRAW]

Premature celebration is injuries to health...

[lightfoot]

It does have utility though: You can snort blow through a $100 bill off a hooker's ass.

[BitcoinBunny]

I was wrong, we are pretty much seeing that bottom again. Not that it is such a bad bottom.



Guess 50K is such a psychological barrier, it will take a bit of pumping time to fully leave that behind.
Plenty of people happy to sell at 50K. 100K will be a huge test when it comes.

[lightfoot]

You know, screw Lambo: I want one of these....



It's a Hot Wheels "Twin Mill". I can't believe someone built one...

[vapourminer]

You know, screw Lambo: I want one of these....



It's a Hot Wheels "Twin Mill". I can't believe someone built one...

i always wanted one of those Mosler Twinstar dual engine cadillacs. extra engine in the trunk ftw. cuz how do you see around those blowers anyway.

https://www.thedrive.com/news/34138/the-mosler-twinstar-was-a-dual-engine-575-hp-90s-super-cadillac

[savetherainforest]

I was wrong, we are pretty much seeing that bottom again. Not that it is such a bad bottom.



Guess 50K is such a psychological barrier, it will take a bit of pumping time to fully leave that behind.
Plenty of people happy to sell at 50K. 100K will be a huge test when it comes.

I see 39-42K.

[BitcoinBunny]

I was wrong, we are pretty much seeing that bottom again. Not that it is such a bad bottom.



Guess 50K is such a psychological barrier, it will take a bit of pumping time to fully leave that behind.
Plenty of people happy to sell at 50K. 100K will be a huge test when it comes.

I see 39-42K.

Yes possible probably.

[Dabs]

You know, this forum is surprisingly good for thoughts on how to handle a fuckton of new wealth. Without it I'd probably be rolling around naked in a room full of $100 bills or something.....

Not that the above is a bad thing, but it would require me to cash in the coins and that would be a bad idea. Better idea is to think about what makes you happy, what you may have always wanted, and not to let what you want grow into some weird next level of a "boat for my boat!" sort of thing.

Interesting stuff.

What you'd want to do is calculate what your annual expenses are, which are usually close to, but not the same as your annual income (from salaries, or other investments.)

Then you work from there, maybe if you are really into corn and want to live off it, you should target at least 25x of your annual expenses, as that is the normal number people go with in the traditional finance world.

So let's pretend you can live and survive on about $50k annually (current price of 1 BTC), then you'd ideally want to at least have 25 BTC to be comfortable for the next 30 or more years. In traditional finance, they expect at least 4% growth, so 4% of $1.25m is $50.

Expecting that while corn is volatile, it still appreciates much faster than 4% per year, so the rest of your stash should theoretically last forever at the annual expenses already estimated. If it goes up, then your stash might last shorter.

There are other things to consider, but generally that's part of the idea.

[JimboToronto]

Good morning Bitcoinland.

I see we're bouncing up and down around $50k... currently $49622USD/$62406CAD (Bitcoinaverage).

Up a little since yesterday.
___

Dollar cost averaging isn't just for buying. Sometimes it's good for selling.

For the last few years my philosophy has been to buy whenever possible and sell only when absolutely necessary. Now it's absolutely necessary or me to sell $2m worth of coins by May to finish paying for our lake.

My OTC contact has assured me there's no problem as long as it's spread out. They're only open Monday-Friday. I figured the best approach is to sell a coin a day until it's done. Today will be the 3rd day in a row.

DCA at its finest.

[LFC_Bitcoin]

https://twitter.com/trylolli/status/1364616849376354309?s=21





https://twitter.com/btc_archive/status/1364608051559432196?s=21

[OutOfMemory]

I sometimes have prophetic dreams.

... common sheeple folk.

to rodeo some billionaire pricks.    

*edit(): I also am perverted sometimes and think I am "a God" and like to pretend like I'm knowing when the price will dip again and I buy the dip so I can sell/dump later to buy the next dip.

 

Easy on the coke, it might wreck you faster than you think...

@Gyrsur, @Karartma1, thanks guys, for the useful info/links.

@Gyrsur: Yes, using Kraken, and everything goes through Fidor Bank (Munich). When you say 1000 € upper limit, you mean per transaction? Can I transfer, say, 900 € on the 1st of the month, another 900 € on the 10th, and another 900 € on the 20th? Haven't been able to check the link you provided, sorry if this is already mentioned there.

I know for a fact that we Euro-landers will face difficulties in enjoying our newfound wealth... I think the IRS in the USA are better. They are brutal and check everything, but at least they seem to be more knowledgeable and once you pay your dues they don't bother you. Or so I've heard.

I as understand it right if your crypto-related transaction from/to the bank is over 1000 EUR the bank is forced to report it somehow. this are just plans at the moment to go in this direction. but it will come, I am sure.

Hmm, strangely i only read about "bitcoin transactions with value over € 1000". Means that wallet providers have to implement an interface to track KYC bitcoin transactions over a value of €1000. I don't see tracking EUR transactions from exchange to bank here.

The government wants to restrict the anonymity of crypto payments. It will not succeed in doing this, but will only sell wallet providers and custodians abroad. Legal uncertainty will be the result. The fight against cryptocurrencies is part of the financial repression of this federal government. Only a year ago, the anonymity of gold transactions was reduced to 2,000 euros. With crypto assets, the government is now going even further.

It's more clear in untranslated version, imho.
It wouldn't make much sense to capture EUR going from/to wallet providers to banks, but they want to sniff into btc transactions, because they lack the ability to monitor money flows like with fiat. Prove me wrong  
It's only my opinion on the contents of the article. I don't welcome monitoring and control of flows (whichever currency) at all.

still not convinced about the direction how it should developing (Banks included)?

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.n-tv.de%2Fwirtschaft%2Fder_boersen_tag%2FBankenverband-fordert-strengere-Regulierung-von-Kryptowaehrungen-article22382819.html

And this is the kind of banker statement that makes me sick.
In my opinion, the "then they will fight us" era is still ahead of us.

[Hueristic]

And this is the kind of banker statement that makes me sick.
In my opinion, the "then they will fight us" era is still ahead of us.

This is well behind us, they are just doing everything they can to keep the price down while they secretly accumulate.

[yefi]

Oh gawd.. yefi...

you are not going to stand up for synthetic meat, are you?

 

I was hoping I'd sit down for it.

Honestly, I don't have a high opinion of most the food we produce right now, but then we have the food we deserve: cheap, convenient, tasty, nutritionless and contaminated.

Does removing the organism really change things? Our problems are here already.

[OutOfMemory]

And this is the kind of banker statement that makes me sick.
In my opinion, the "then they will fight us" era is still ahead of us.

This is well behind us, they are just doing everything they can to keep the price down while they secretly accumulate.

German banks? I ain't so sure about that. Otherwise, i don't know for sure, so...

[Paashaas]

[AlcoHoDL]

And this is the kind of banker statement that makes me sick.
In my opinion, the "then they will fight us" era is still ahead of us.

This is well behind us, they are just doing everything they can to keep the price down while they secretly accumulate.

German banks? I ain't so sure about that. Otherwise, i don't know for sure, so...

Earlier today someone here in WO mentioned a German online bank called N26. The guy later deleted his post... I checked out their website and they seem professional enough and quite welcome to EU clients opening bank accounts online for free. They even provide a Mastercard debit card (virtual card for free, physical card for a one-off shipping cost of 10 €).

Sounds interesting for EU citizens if N26 is crypto-friendly, as was implied by the phantom poster.

[yefi]

still not convinced about the direction how it should developing (Banks included)?

https://translate.google.com/translate?hl=&sl=de&tl=en&u=https%3A%2F%2Fwww.n-tv.de%2Fwirtschaft%2Fder_boersen_tag%2FBankenverband-fordert-strengere-Regulierung-von-Kryptowaehrungen-article22382819.html

And this is the kind of banker statement that makes me sick.
In my opinion, the "then they will fight us" era is still ahead of us.

Love how they become statist toadies when it suits them. How about the state takes over the banks as well as currency issuance? "Oh, no, no! We need independent banking system, you can't trust big government"

[macson]

Today is a big day for me. Thanks to BTC, and partially to you all here, I am debt-free today. I quit my job, and I paid off ten years of debt, now I own my house and a few acres in the clear.
My wife and I live fairly simply. Old paid-for cars (that I can fix), no cable TeeVee. A large garden and a small shooting range in the back yard.

I quit smoking cigarettes, and DCA that amount into BTC. Doing this payoff burned a big chunk of the corn, but  it is a better thing to do for myself, now. We won't be wealthy, but this is the American dream for me. YMMV.

proud of you brooo ^{(commendable Bitcoin)}

Micheal Bought the dip!



https://twitter.com/michael_saylor/status/1364561973363490817?s=21

Another 19,000 Bitcoin in the MSTR treasury!


EDIT: WOW! Looks who's Legendary now! “In retrospect, it was inevitable”

Damn Michael... do not give bankers a chance to party.