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

[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

[Elwar]

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.

Nice. Still haven't embraced the sea shanty craze but here's the song we listened to when we first spent the night at the seastead site to test our Internet:
https://www.youtube.com/watch?v=nzcv5TJkJBA

[xhomerx10]

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

 jealous

[AlcoHoDL]

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

Just to throw in the electronic engineer's spin on this: positive feedback loops are nasty things that destabilize systems. It's the designer's duty to make absolutely sure there are no positive feedback loops in a system, or it can potentially collapse and become uncontrollable. Positive feedback loops are used to build oscillators (i.e., things that go up and down periodically, and never stabilize).

On the other hand, instability is not always a bad thing. The F-15 Eagle is more stable but less agile than the F-16 Fighting Falcon. The superior agility of the latter is due to its inherent instability.

Just sayin'...

Edit: Added F-15/16 comment.

[AlcoHoDL]

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

 jealous

Candidate for the post-$100k WO era. Flower included (tulips forbidden).


Edit: I'm hooked to this tune: Sabilu feat. Mian (Mira & Christopher Schwarzwalder Remix) *

* Blame Cryptotourist, who infected me with the Schwarzwalder bug.

[OutOfMemory]

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.

Arrie, Happy Birtday, man!
It's ok to feel a bit old at 60, because it's just an alternative expression for a bit less young  
I'll drink some Gin to you tonight!

[OutOfMemory]

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

 jealous

Candidate for the post-$100k WO era. Flower included (tulips forbidden).

Yeah, and i promote Darth Vader's helmet, individually designed by xhomerx10, for the $1.000.000 era 

[shahzadafzal]

This above timeline reminds me of this timeline I did back in 2018... I think I seriously need to update it now!


Adding to this what will happen if Satoshi Nakamoto reveals himself

“Coinbase says the entire crypto market could be destabilized if Bitcoin's anonymous creator is ever revealed or sells their $30 billion stake”

https://www.businessinsider.com/bitcoin-creators-30-billion-destabilize-crypto-market-coinbase-risks-2021-2

[icopress]

jealous

xhomerx10, I think this is the very moment when you need to shed a tear, (when you regretted that the design of his hat was not created by you).

By the way, welcome new members to the WO Gang.

Bitpoleon Hoster	JayJuanGee 18253	El duderino_ 12250	Bitpoleon 8282	HairyMaclairy 7567	jojo69 6764	LFC_Bitcoin 6548	JimboToronto 5292
bitserve 5089	Caesar 4671	Torque 4601	Bitpoleon 3689	philipma1957 0430	BobLawblaw 3476	Bitpoleon 3116	d_eddie 3095
Elwar 3056	xhomerx10 2800	Bitpoleon 2679	VB1001 2578	Hueristic 2550	Bitpoleon 2460	Biodom 2259	kurious 2113
600watt 2057	Arriemoller 1960	Lambie Slayer 1945	Paashaas 1868	Three Musbiteers 1853	lightfoot 1830	fillippone 1800	Globb0 1769
Wekkel 1762 ______________	Cryptotourist 1665 __________	serveria.com 1589 __________	yefi 1585 __________	Phil_S 1579 __________	Gyrsur 1530 __________	cAPSLOCK 1513 __________	AlcoHoDL 1393 __________

[Karartma1]

<...>

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

Quoted for reference.
Please someone help me remember when it happens!

I can't wait to see math and science confirmed again here! I'll surely put this on my calendar boy!

[Arriemoller]

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.

dispite that you are feeling old, happy birthday

Thank you very much!

[vroom]

nice coil. soon?

[LFC_Bitcoin]

nice coil. soon?

Hopefully!
It hasn’t been this settled/calm/low volatility for a while. Even the WO is quiet AF. Almost feels a bit eery, possibly explosive moves next week?

[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.

Nice. Still haven't embraced the sea shanty craze but here's the song we listened to when we first spent the night at the seastead site to test our Internet:
https://www.youtube.com/watch?v=nzcv5TJkJBA

Listened to that for the last 20 minutes and it helped me calm down and get to something I was working on to actually start to solve the issue I was having.
And yes I heard it was all the craze now since people are bored and getting cabin fever so they turn to what the sea sailors use to do so to cure their sail faring absence while at sea.
And it actually works!

But anyways, here is the video that looks like where Mr. Boring company came from while visiting L.A to do that interview with Joe Rogan from the previous video.

https://youtu.be/u1zPPJly95M
I don't know what he has against bitcoin really, and just loving his dogecoin.
I just guess memes love memes.

[xhomerx10]

If you guys are bored, you should try this feta and tomato pasta.  I guess it went viral and my duaghter wanted to make it - damn it's good!

https://www.washingtonpost.com/food/2021/02/11/baked-feta-pasta-recipe-tiktok/


edit: You can all eat like El_duderino and JimboToronto tonight

[Parazyd]

If you guys are bored, you should try this feta and tomato pasta.  I guess it went viral and my duaghter wanted to make it - damn it's good!

https://www.washingtonpost.com/food/2021/02/11/baked-feta-pasta-recipe-tiktok/

Damn this looks good