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

[JayJuanGee]

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.

Good to hear, brother. Congrats on meeting and possibly exceeding your target (you still have some BTC I presume). Regardless, you've met your target, and while your target may seem too mundane/plain/simple for many, I'd say that this is a target worth having. Setting the right target for one's life is a very difficult thing. For me, having an overly extravagant lifestyle, Lambos, hookers, blow and all that, seems so futile and pointless... Maybe the "hookers" part is OK sometimes.   Of course, to each their own.

Another important point in your post is being debt-free. This is the most important for me. IMHO, owing anything to banks/people/whoever is the single most stressful thing in life. I've never owed anyone anything. My planning has kept it that way. It's good that you've reached this state.

All the very best man, enjoy!

Setting some realistic targets is probably good.
I could already pay off the mortgage and buy nice things and still keep some BTC right now if I wanted.
5x and I guess I could retire but I will probably leave it till 10x. We will see if BTC achieves that by say 2026-2027. If we are talking 20x then retirement would probably include a big new home I guess. Still keeping some BTC from my original stash in either case.

I don't really need anything but it would be nice to retire in my 40s. I still have a massive lust to play certain type of video games and I can't see that changing. A bit of travelling every 2-3 months would be great in a post Covid world.
Hookers I can already afford but maybe it is another incentive at retirement to have more of that, I'm not sure.

A Lambo absolutely does not interest me at all. I'd be happy with a Tesla Model Y probably in the mid 2020s / potential BTC retirement. Don't need a new car right now.

My BTC investment came from gambling winnings. It was the last bet I ever played after being addicted to gambling starting 15 years ago, I recouped all my total losses I ever had with a big hunch that I was right about. Instead of blowing that money, it went into BTC. And I've never had a gambling problem since.

Maybe the early retirement will all happen, maybe not.

Oh gosh.  For sure, having enough flexibility that a 10x or 20x might occur from here to 5-6 years is within the realms of reach, even though we know far from guaranteed.

So, in the meantime continuing to invest in BTC likely remains a good thing, and surely not a whole hell of a lot of people are able to retire in their 40s anyhow.. so you would be quite far ahead of many people and even into their 50s unable to really retire.

Also, if you have 5-6 years to think about it, you surely should be able to figure out the budget that you are going to need, even though you could project some of that in advance, and I really understand the real life issue that actually getting there in terms of BTC prices becomes way more concrete than merely projecting 10x or 20x in advance.

Surely, many regulars here already understand that my system is not relying on peaks in BTC price, even though I do understand that you could actually figure out ways to play BTC price peaks to your advantage, but for me, I don't really care too much on a personal level because I am using the 208-week moving average and I have been feeling comfortable once it went above $5k.. and so now that it is at $9,300 it is nearly double comfort because it is going up around $200 per day in recent times.. so I personally feel so much cushion NOT to have to worry.

So, yeah, it could take some time for guys to really come around to considering relying on the 208-week moving average rather than focusing on BTC price peaks, even if they might be able to diversify out some value upon BTC price peaks - if that is part of the longer term strategy.  I, personally, feel better relying on the 208-week moving average because in that way, I feel way more comfortable just keeping a very overwhelming majority of my value in BTC and just spending such value as I need it, whether it might be making quarterly withdrawals on a systematic basis or whether it might be some BIGGER purchases that I might want to make, and so far, it seems to me that I have had so much fiat from which I can spend, so I do not even feel any kind of need to touch any of my BTC... but of course, if the BTC price were to correct down to the area of the 208-week moving average, then there also could come some perception (from me) that maybe I do not have enough cash to just spend willy nilly, and in that regard, there does tend to be some benefits to projecting out cashflow for 6-18 months or even longer so that some cash might be cashed out of bitcoin, to the extent needed if there appears that there might  be some potential short-falls in cashflow within such projected 6-18 month period in advance.

[samson]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

Quite probably both, as a HODler who cares, it's just a matter of time....

[savetherainforest]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

"Black guy dies first!" ...

[El duderino_]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

"Black guy dies first!" ...

So you still are able to say a correct thing in here 

[DaRude]

M1 (not M2 or M3!), revised numbers...it is at...$18 tril (from $4 tril in feb 2020 and $1.3 tril in 2008)
https://fred.stlouisfed.org/series/M1

[OutOfMemory]

Performing like a shitcoin:

https://finance.yahoo.com/quote/GME

Heh, i am still holding for the spirit of the squeeze 

[RoomBot]

Awesome to see OKCoin dump BeeCash And SV

Also awesome:  Tesla buying BTC1.5 Billion

HODLERS are HAPPY!

[El duderino_]

Awesome to see OKCoin dump BeeCash And SV

Also awesome:  Tesla buying BTC1.5 Billion

HODLERS are HAPPY!

Hello brother

Long time

[savetherainforest]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

"Black guy dies first!" ...

So you still are able to say a correct thing in here 

Don't worry.... my altcoin agenda is just political.      ....  I'm creating a buildup for "crypto crusades" against high level investors and billionaires. I'm just doing crytos Gods work of creating awareness against manipulation. And I do still believe in BTCiTcoin for at least the next 5-10 years. Then I'l probably dump for other things.

[aesma]

Bisq flashing on my left monitor, a sell has happened, then I look at the price : less than 39000€ WTH ! (not my selling price, but the average price)

Bought back with my usual profit elsewhere so no issue, in fact if it's crashing there is no risk for me, but I need to buy before a bounce.

The price on Kraken is moving like mad, I'm removing my offers, don't need that stress right now.

Sounds like you do have "issues," aesma, in which you are doing the opposite of what actually has been shown to work for years and years and years in bitcoinlandia.

What works is selling on the way up and buying on the way down.  

Sorry for your additional losses due to dumb.

Ah ah don't worry what I do is arbitraging, I sell on one medium above the current price and buy back at the current price. I split the gains half in fiat half in BTC.

The only thing is I do it manually so I have to be relatively quick to minimize the risk if the price is climbing, but considering my sell premium the risk is only to earn less, not to lose. Unless there is a freak accident, but even then, my sells are only 0.01BTC at a time. I've already earned much more than that.

When I'm busy, away or sleeping I deactivate my offers. Now I also do it if the price is moving like crazy.

[d_eddie]

-llama talk-

You are having way too much in this thread lately.

... and I thought we were gonna stop at like 200k!

[Arriemoller]

Calling him dangerously insane because he argues for synthetic beef isn't a great starter. Producing beef is incredibly wasteful, not to mention you have to butcher an animal.

I'm a proud carnivore, yet I would gladly switch to synthetic meat when it is similar in taste and cost. There's simply no reason not to.

After what I have read on the subject so far, it seams that synthetic meat lacks a lot of the nutrients that natural meat has.

Cows and what not, eat natural food and get all the nutrients in that food, synthetic food is just cells grown in a dish (or similar) with only the basics for cell survival.

I wish it would be as good as real meat, it would help stop the maltreatment of animals that takes place in many countries.
Until then I will just have to try to chose meat from good farms.

[proudhon]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

https://youtu.be/Vrl17DKeCGo?t=34

[Gyrsur]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

https://youtu.be/Vrl17DKeCGo?t=34

https://youtu.be/H6wl-EyhXl0

[vapourminer]

Performing like a shitcoin:

https://finance.yahoo.com/quote/GME

Heh, i am still holding for the spirit of the squeeze 

i feel like i will be kinda disappointed if i actually make money on gme..

[hisslyness]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

https://youtu.be/Vrl17DKeCGo?t=34

https://youtu.be/H6wl-EyhXl0

Wow! everyone was excited!

[d_eddie]

i feel like i will be kinda disappointed if i actually make money on gme..

Well, disappointed is overstating it slightly, in my case.
I considered GME as a crazy diamond hand training exercise.

[Gyrsur]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

https://youtu.be/Vrl17DKeCGo?t=34

https://youtu.be/H6wl-EyhXl0

Wow! everyone was excited!

pls watch the whole thing it's very funny.  

but music is nice the Russian soul is deep as f**k.  

EDIT: baseline could be more advance and drums are really bad. but anything else with some production knowledge you can get a top 20 single.

seams the official video here: https://youtu.be/tUBVEKzsZ-k

[Sayeds56]

What are we more likely to hit?

$40,000 or $60,000?

I say it’s about 50/50.

$40,000. 100% confirmed.

https://www.youtube.com/watch?v=-4AtBBVZ73U

https://youtu.be/Vrl17DKeCGo?t=34

https://youtu.be/H6wl-EyhXl0

I say 60k Probability is 70% and 40K 30%

https://www.reddit.com/r/BitcoinNews/comments/lq8ebl/bitcoin_still_on_track_to_300k_price_prediction/

[aesma]

Good morning Bitcoinland.

Another day another dip, but not quite as deep as yesterday... currently $48730USD/$61463CAD (Bitcoinaverage).

Wish I could buy this dip but I'm in sell mode. I need $2mCAD cash by May to finish paying for my lake (no mortgages for me!) so I need to sell a coin a day, which is what my OTC contact can comfortably handle.

Luckily the price is still higher than it was last week when I started selling for the purchase deposit.

Go Bitcoin go.

Nice ! How big is the lake, can you land a plane on it ?