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

[xhomerx10]

Hi, a long time without publishing here, for my part everything is fine, but with many open fronts in work life, I hope to return soon when everything stabilizes.
Hugs.

 Thanks for checking in VB!

[Richy_T]

Stop trying to give those fucktwats any benefit of the doubt here.  It is not called for.  The matter is much more complicated than some good will spin, including that they were attacking bitcoin and its governance, and you can fuck off with your attempts at good faith arguments, even if there may have been some people who did engage in good faith in their support for those various attack vectors and scams.

You are simply wrong. I thought you had improved over the years I have been away but scratch the surface and it's the same old JJG so rather than get in some kind of mud slinging match, I'll simply roll my eyes and move on. 

[Richy_T]

So, in retrospect, was it a good decision to pay off all debt with BTC money? Paying off debt = cashing out = selling your precious coins. So if you have just hedl and went on with your monthly payments wouldn't it have been more profitable?

Clearly, in retrospect, it would have been best to take advantage of every line of credit possible and put your children in hock to buy Bitcoin but the truth is that debt is a burden and liability and the future is uncertain. If you can eliminate debt without destroying your stash, it's definitely worth considering.

We need some news to pump the market. How about this one.  

Turn ON the Printer 

Brrrrrrrr indeed.

[AlcoHoDL]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Happy birthday Arrie, may you live long and be healthy to enjoy your riches!

Hi, a long time without publishing here, for my part everything is fine, but with many open fronts in work life, I hope to return soon when everything stabilizes.
Hugs.

Hey VB, nice to hear from you. Hope you'll be back before $100k, you wouldn't want to miss the party.

[ivomm]

Craig Wright probably timed his law suit against the Core developers to try to crash the market, but badger don’t care.

Why is this lunatic mentioned  here at all? He is zero, nobody, nocoiner - a shadow of an evil spirit who lost his chance to get rich and seeking someone to believe in him. His name should be erased from all articles and books related to Bitcoin. It is like writing an article about a great monarch and including a paragraph about some imbecile in a lunatic asylum claiming to be him. His name and initials are not worthy of this epic forum as well.

[Parazyd]

Craig Wright probably timed his law suit against the Core developers to try to crash the market, but badger don’t care.

Why is this lunatic mentioned  here at all? He is zero, nobody, nocoiner - a shadow of an evil spirit who lost his chance to get rich and seeking someone to believe in him. His name should be erased from all articles and books related to Bitcoin. It is like writing an article about a great monarch and including a paragraph about some imbecile in a lunatic asylum claiming to be him. His name and initials are not worthy of this epic forum as well.

He still acts as a sort of a threat and is incoveniencing core devs. Additionally, him and others similar to him are scamming people with shitcoins and are taking away from what is important.

[rdbase]

Dedicated to @Elwar and to all seasteaders!
Was searching for his last post but only can spend a few minutes since am currently watching a footie match ) with his mention of seaward to escape all the monotony of landbased life:

Dancing to a sea shanity:
https://www.youtube.com/watch?v=g3zSH5jzFHw

Just like someone shown Vitalik dancing at a conference on stage.

[Sayeds56]

wait a minute... is it Pakistani flag on her back?

Aapne ghabrana nahi hai..

Boss got laser eyes!

[bitcoinPsycho]

That's Horace. He's from the UK. We don't like talking about him very much. Sorry this photo leaked.

Man, you're wrong, this is a caricature of the president of Ukraine (Zelensky). But to be honest, I don’t understand at all why they started talking about Ukrainian politics in this thread.

Thats some hat

[Torque]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Congratulations!

You know that saying about old fools, right?

"You don't get to be old by being a fool." 

[jojo69]

its the best bitcoin song ever made

https://www.youtube.com/watch?v=JaMJi1_1tkA

I've survived to my present age, without ever contracting any sexual diseases.

I now have full-blown AIDS after watching that diseased production.

Skipped HIV. Straight to AIDS.

Thanks, asshole.

https://www.youtube.com/watch?v=d0nERTFo-Sk


https://www.youtube.com/watch?v=GTQnarzmTOc

[jojo69]

https://en.wikipedia.org/wiki/Cryptonomicon

[JayJuanGee]

@Mishacrypto_com
#Bitcoin  ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21


Know what I’m sayin’

I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year.

Yeah, we would NOT want bitcoin prices going parabolic expectedly unexpectedly in the near-term future.  

That would sure suck!!!!!

It's not like I had not (I am sure that others, too) been stacking sats for the past over 7 years (sure time periods are going to have varied, but anyone in bitcoin for over a few years would have had time to stack some sats decently, no? - even you somac spomac - been on the forum as long as me), and I would hate for our lillie fiends to go up in value too quickly.  

Don't get me wrong its fun when it does go parabolic, but those moves always lead to crashes. And crashes burn noobs hard as they are inexperienced.

You can wish all that you want that such a parabolic rise does not happen, but does not seem like there is a lot that you or anyone else can do about it.  I could care less either way, too, but bitcoin just seems poised for such craziness whether we like it or not and whether we get some corrections along the way that make the overall upward curve to appear more gradual because the top takes longer to play out.

A nice consistent rise will be better off for the common worker (i'm pretending that they would actually buy BTC here, rather than wasting their savings on useless crap),

First of all bitcoin does not work like dat.   Sure, it might not go parabolic, but it is NOT likely to get stuck here, either in order to make some kind of smooth and reasonable curve.

Regarding regular peeps:  Fuck them.  They better get the fuck into bitcoin in some kind of stake, otherwise they are going to get front run the fuck out of by the BIG ass players that seem to be continuing to come into the space.

Just like we cannot do anything about BTC's price movement, we also cannot do shit to protect regular peeps from their lil selfies in which many of them fail and refuse to actually take some actions in terms of stacking some sats or otherwise figuring out ways to get a meaningful stake in bitcoin.

I want these people to be able to grow their worth at a steady rate as a fuck you to the CBs and various modern feudal lords who have been destroying the value of their labor as much as possible since time began.

Get out of here with your bleeding heart nonsense.

They can still get into bitcoin at $500k or $1million and they might even still be ahead of others at that point.

I have no clue beyond the various price models based on probabilities what BTC prices are going to do in the coming years, but even though it seems to be much better for regular peeps to start right now or start as soon as possible, they can still start whenever they get around to it.. whether that is at $75k, or $256k or $750k, or $1.5 million or $5million... You have no information that the happening of regular peeps to get into bitcoin much later is still not going to end up helping them out, overall - even though sure, many of us longer term HODLers realize some advantages to having had gotten into bitcoin earlier than others, but I am still going to be telling people the same fucking thing as I have been saying for the last 7 years or so, and that is get the fuck started as soon as possible and figure out your plan to get some kind of stake.. and the BTC price does not matter as much as getting the fuck started and figuring out something... we cannot hold their hands if they fail/refuse to get started accumulating bitcoin.  

My dream is of the wealth divide returning to the levels of the 50s.

Bitcoin helps a lot of these matters, but you cannot remove all of the hoarding behaviors of BIGGER players and have a kum-ba-ya distribution of bitcoin.  Peeps have had nearly 12 years to learn about bitcoin and get into it, and sure there are some signs in recent times that they are going to get front run, but what we going to do?  

Not going to happen I know but that is why it is a dream.

Snap out of it, somac spomac!!!!!!

Let's deal with reality rather than wishing for things that are very unlikely to happen, and we already know that bitcoin has hype cycles and peeps gotta attempt to learn about it and how to deal with such BTC price dynamics rather than wishing for some kind of situation that is not.

You really are a miserable sod.

My tone was only intended for emphasis about the substance of the silly things that you had said about caring about the poor lil guys who are failing/refusing to get into bitcoin because it is too scary for them, blah blah blah..  bitcoin gives no shits.... nothing personal.... it is not about me, and it is not about you and what you wish blah blah blah...**  

** unless perhaps you are attempting to build some bitcoin-related vehicles that attempt to help in your preferred direction - beyond expressing wishes about things that are not going to happen in any kind of easy way and especially not on their own.  By the way, builders do have rights to wish about ways that they can attempt to build bitcoin, but at the same times, it is surely best that such builders (or even propagandists that are promoting a bitcoin vision) attempt to work within reality in terms of some things being way more feasible than others, and wishing that bitcoin were less volatile in terms of its prices seems to be way fucking pie in the sky kind of thinking to me rather than really attempting to deal with the reality of how things are rather stuck on a roof looking at stars, like I already argued in my above attached post

Is it dumping time yet or what exactly?

Of course, it is always dumping time - just a matter of whether you are on the prevalent side or not... You dump first.  

[savetherainforest]

That's Horace. He's from the UK. We don't like talking about him very much. Sorry this photo leaked.

Man, you're wrong, this is a caricature of the president of Ukraine (Zelensky). But to be honest, I don’t understand at all why they started talking about Ukrainian politics in this thread.

But you have to admit, he does really look a bit like Napoleon.    

[AlcoHoDL]

Is it dumping time yet or what exactly?

The thing about Bitcoin is that it's always dumping time. And it's always pumping time. And if you buy and HoDL, you always win.

Kind of like Alice-In-Wonderland money.

[JayJuanGee]

So, in retrospect, was it a good decision to pay off all debt with BTC money? Paying off debt = cashing out = selling your precious coins. So if you have just hedl and went on with your monthly payments wouldn't it have been more profitable?

P.S. Happy BD!  

I don't know what the he will answer but from a purely accounting point of view that would be like borrowing money to buy Bitcoin and that carries risk. I opened a thread on the subject yesterday and all the answers are contrary to borrowing money against your Bitcoin.

I glanced at that thread (and put it on my watchlist - surely not a bad topic), Poker Player, and I am considering providing a response there.. Maybe I will link this response?

As you may know, I am NOT a very BIG fan of some of the recent hype about putting your bitcoin at risk with third parties and various recent Defi products and some of the baloney that comes with some of the pushing of various products.

But there are a whole hell of a lot of ways to leverage debt to your advantage, so in that regard, debt is not bad in and of itself - especially if you know how to leverage it to your advantage.

Let's get out of all or nothing thinking because you might not just take out a loan (or not pay back a loan) and completely put that in bitcoin - even though some people have done those kinds of things with results in both directions..  Surely some of the major considerations that anyone should make when using debt includes considering their cashflow abilities to service the debt, and how they are planning to use some or all of the value that they get from the debt.  Sure, the debt can also be used to bolster cashflow reserves, too.  Some of the worst kinds of debts relate to buying consumption goods and various depreciating products, and better kinds of debts relate to investing, business, self, and ways that have decent chances of appreciating (or at least holding) value.

Sure, bitcoin could go either way, so in that regard, it could be good to increase your bitcoins from 10 to 12 by taking out a $100k loan that might have a 5 year term (or not paying some of your existing loans), but surely, there should be considerations of cashflow during that time and ability to service such debts whether bitcoins go up or down during such time - so you would not necessarily rely on bitcoins appreciating in value, even though you hope (or theorize) that they do.

[icopress]

That's Horace. He's from the UK. We don't like talking about him very much. Sorry this photo leaked.

Man, you're wrong, this is a caricature of the president of Ukraine (Zelensky). But to be honest, I don’t understand at all why they started talking about Ukrainian politics in this thread.

But you have to admit, he does really look a bit like Napoleon.    

What would you understand, just a year ago he hosted a humorous show and starred in films - now he is the president of Ukraine.

[Erumo]

He is like a dogecoin - meme president, elected just for fun and because there were no other “honest” candidates.
Ukranians voted for him just to have a laught.

[JayJuanGee]

Stop trying to give those fucktwats any benefit of the doubt here.  It is not called for.  The matter is much more complicated than some good will spin, including that they were attacking bitcoin and its governance, and you can fuck off with your attempts at good faith arguments, even if there may have been some people who did engage in good faith in their support for those various attack vectors and scams.

You are simply wrong. I thought you had improved over the years I have been away but scratch the surface and it's the same old JJG so rather than get in some kind of mud slinging match, I'll simply roll my eyes and move on. 

I think that I have improved over the years, but sure maybe it depends upon the topic.  I have surely forgotten about things, and some parts of my body do not work as well either.  Anyhow, seems to me that I have not lost my ability and/or attempt to be nice to you, even if some strong language was thrown in your direction.  eye roll back to you.   

[Dabs]

Well, if you can borrow a billion dollars at near zero percent interest, and then use those funds to buy corn, and those debts are payable with all sorts of conditions several years later ... ... wait, that's exactly what MSTR did.

And just quoting something someone said more than ten years ago.

Indeed there is nobody to act as central bank or federal reserve to adjust the money supply as the population of users grows. That would have required a trusted party to determine the value, because I don't know a way for software to know the real world value of things. If there was some clever way, or if we wanted to trust someone to actively manage the money supply to peg it to something, the rules could have been programmed for that.

In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.

   Satoshi Nakamoto, February 18, 2009