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

[julian071]

Dibs on Terschelling!

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[AlcoHoDL]

I'm selling almost every day (DCA) to pay for our lake.

We started with regular cars, then lambos, now ranches and lakes...soon whole building blocks and/or villages, then islands, maybe asteroids, planets, stars, etc
  

For me, Bitcoin has "bought" me the most important thing in the universe: time, and the peace of mind that I can survive and do anything I ever wanted to do, without having to work for it. My life is already full, no need for Lambos or lakes. I own two wonderful houses, one in the city, another in the countryside, right next to a beautiful beach. My car is 6 years old and in pristine condition. Frankly, sometimes I'm trying to think of what to buy, but I'm out of ideas...

tl;dr: The most important thing that Bitcoin can buy, is TIME! The time one needs to do the things that really matter (and these are almost never material, although most people have been conditioned/brainwashed to think they are).

Thank you, Bitcoin!

Indeed. Time and peace of mind are almost as important as health and family (including friends).

Luckily my life is also full and has been for many years. I haven't had a "real job" in 45 years. I have lots of family/friends and my health is pretty good for my age. I haven't really worried for years even when I was poor. Now I have enough Bitcoin to not have to worry about money ever again.

As for the lake, it's just the means to even more peace of mind and a place to enjoy my time in a peaceful healthy environment.

No question, Jimbo, your life and attitude towards Bitcoin is a model case of how it should be done.

I'm sure your new private lake will give you years of enjoyment (is the pic from there?). My Bitcoin stash is nowhere near what's needed to buy a whole lake (!!!), but I was fortunate enough to already own a seaside home, which is more than enough for my needs.

Buying a lake... Wait! When Bitcoin reaches $1M it may even be possible for us little fish too!

[Dabs]

I'd actually like to have a property with a lake too. Then I'd go somewhere in the middle, and depending on how deep it was, throw something overboard and try to look for it. Maybe a box or a bottle with something heavy so it sinks. Or you build something that you can sink underwater and keep there, like an underwater cave or "habitat" or safe or something.

If the place has winter, then whatever you put there is literally in cold storage, frozen.

[AlcoHoDL]

I'd actually like to have a property with a lake too. Then I'd go somewhere in the middle, and depending on how deep it was, throw something overboard and try to look for it. Maybe a box or a bottle with something heavy so it sinks. Or you build something that you can sink underwater and keep there, like an underwater cave or "habitat" or safe or something.

If the place has winter, then whatever you put there is literally in cold storage, frozen.

I like this idea, not just for things, but for people! Maybe Elwar could integrate it with some of his seastead designs. Like, you can live normally above sea-level, but you can also go "down" under the sea, in an all-windowed room, to see everything. That would be awesome.

[Richy_T]

Problem with heavy stuff on other planets is that it's incredibly expensive to move it here. That is, as long as energy is as expensive as it is. But then again, with near free energy we could make any material we wanted right here.

Edit: although this does spell good news for the future power grid on Mars.

Energy is pretty cheap in space. You also don't need a whole lot of power as even quite low thrusts will eventually get you where you want to go.

[Richy_T]

I'm selling almost every day (DCA) to pay for our lake.

We started with regular cars, then lambos, now ranches and lakes...soon whole building blocks and/or villages, then islands, maybe asteroids, planets, stars, etc
  

You missed out my favourite from the list I'm looking forward to most; the gentlemen's club.

What is this, GTA?

I was careful enough not to reveal specific amounts, but yeah, shopping takes a whole new meaning for a Bitcoin HoDLer. I just buy what I want. I don't look at prices. I'm not talking about extravagant stuff, but before Bitcoin I used to check the prices to be sure I'm in my budget. Not anymore. The good thing is that I'm not into luxurious (read: expensive) stuff, so anything I need is now well within my reach. That's what I meant by "peace of mind" in my earlier post.

The only thing missing (apart from the pump to $1M) is being able to buy stuff directly with Bitcoin.

Always a little wary as not caring about the price of things is how so many with new-found wealth lose everything. A jetski here, a Merc for your friend(s) there and soon, your accountant is telling you some bad news. It's good to stay grounded but on the other hand, I could probably be spending a little more for things that need it.

Buying stuff directly with Bitcoin is out for anything under around 2k with fees right now but if you don't mind indirectly, Newegg takes them through bitpay and purse.io works well. I've even seen a scattering of companies willing to roll the dice with LN.

[bitebits]

Seems we need to wait for an ATH a bit longer.



https://twitter.com/cryptoboy82/status/1367143702427172868

[Phil_S]

As for the lake, it's just the means to even more peace of mind and a place to enjoy my time in a peaceful healthy environment.

And you can put seastead in the middle of the lake!

[Richy_T]

And you can put seastead in the middle of the lake!

I think that may miss the point.

JT may have just doxxed himself though.

[Biodom]

As for the lake, it's just the means to even more peace of mind and a place to enjoy my time in a peaceful healthy environment.

And you can put seastead in the middle of the lake!

er, that would be a lakestead (under a "personal" flag)  

[Elwar]

Just watched the RGB demo call. I am still confused as to how it works and I have delved deep into colored coins for several years. I guess that wasn't the point of the demo, explaining the underlying mechanisms (which I have perused but still don't quite get it).

They showed the app on testnet creating an asset then transferring an asset. They said it will be able to work over the liquid network, Lightning Network as well as the regular bitcoin blockchain. All anonymously such that nobody can tell what has been transferred by looking at the transaction.

One big sneak peak they gave was that future development will include staking and DEX with Bitcoin. Defi is coming to Bitcoin. They said it's about a year out.

Their app is still in alpha stage, coming out on iPhone soon.

[Parazyd]

50k+ is the new normal.

[Dabs]

I'm selling almost every day (DCA) to pay for our lake.

We started with regular cars, then lambos, now ranches and lakes...soon whole building blocks and/or villages, then islands, maybe asteroids, planets, stars, etc
  

You missed out my favourite from the list I'm looking forward to most; the gentlemen's club.

What is this, GTA?

I was careful enough not to reveal specific amounts, but yeah, shopping takes a whole new meaning for a Bitcoin HoDLer. I just buy what I want. I don't look at prices. I'm not talking about extravagant stuff, but before Bitcoin I used to check the prices to be sure I'm in my budget. Not anymore. The good thing is that I'm not into luxurious (read: expensive) stuff, so anything I need is now well within my reach. That's what I meant by "peace of mind" in my earlier post.

The only thing missing (apart from the pump to $1M) is being able to buy stuff directly with Bitcoin.

Always a little wary as not caring about the price of things is how so many with new-found wealth lose everything. A jetski here, a Merc for your friend(s) there and soon, your accountant is telling you some bad news. It's good to stay grounded but on the other hand, I could probably be spending a little more for things that need it.

Buying stuff directly with Bitcoin is out for anything under around 2k with fees right now but if you don't mind indirectly, Newegg takes them through bitpay and purse.io works well. I've even seen a scattering of companies willing to roll the dice with LN.

What's nice about some things like, for example, namecheap, and you want to have a domain last a long time, you set aside some BTC from a year ago, put it in a separate wallet, then only withdraw what you need to pay for the renewal next year. You do end up paying a bit more in terms of BTC, but it's as if you've already covered payments for several years into the future.

As for your own personal stash that you are constantly withdrawing for spending purposes, I'm pretty sure most people would (or should) be looking the numbers to see that it would last them for the rest of their life, at least in 30 year time periods, according to how much they are spending now.

Being careless about spending is what leads to problems and disasters. Must watch where the money goes, maybe not all the time, but in general you have an idea if you're still good or need to make adjustments.

[Phil_S]

Energy is pretty cheap in space. You also don't need a whole lot of power as even quite low thrusts will eventually get you where you want to go.

It's not as simple as going from point A to point B.

'Points of interest' in space (like asteroids) are not stationery, but flying as incredible speed.

For example, when NASA sent a spacecraft to Pluto, it took 9 years to get there, but they only had 1 day to actually study Pluto.

Only 1 day because the spacecraft couldn't just 'stop' once it arrived.

Relative speed during Pluto flyby was 13.78 km/s (49,600 km/h; 30,800 mph) so it would requite extraordinary amount of energy to 'stop'.

[OutOfMemory]

As for the lake, it's just the means to even more peace of mind and a place to enjoy my time in a peaceful healthy environment.

And you can put seastead in the middle of the lake!

er, that would be a lakestead (under a "personal" flag)  

Reminds me of this lil pic (not by me):



Lakestead?
DIY! 

[600watt]

I'm selling almost every day (DCA) to pay for our lake.

We started with regular cars, then lambos, now ranches and lakes...soon whole building blocks and/or villages, then islands, maybe asteroids, planets, stars, etc
  

For me, Bitcoin has "bought" me the most important thing in the universe: time, and the peace of mind that I can survive and do anything I ever wanted to do, without having to work for it. My life is already full, no need for Lambos or lakes. I own two wonderful houses, one in the city, another in the countryside, right next to a beautiful beach. My car is 6 years old and in pristine condition. Frankly, sometimes I'm trying to think of what to buy, but I'm out of ideas...

tl;dr: The most important thing that Bitcoin can buy, is TIME! The time one needs to do the things that really matter (and these are almost never material, although most people have been conditioned/brainwashed to think they are).

Thank you, Bitcoin!

coming from a very poor family and I never had any meaningful amount of money way into my 30ies. then bitcoin happened. and one day i was - of all places -strolling through the aisles of a giant home depot store when it dawned on me that prices of things lost their meaning and that i could fill up my cart with what ever i wanted - but -unlike a kids dream in a toys`r us store- the magic was gone. i bought nothing.

[OutOfMemory]

^ you were just learning how to use/invest money wisely.

[Biodom]

As for the lake, it's just the means to even more peace of mind and a place to enjoy my time in a peaceful healthy environment.

And you can put seastead in the middle of the lake!

er, that would be a lakestead (under a "personal" flag)  

Reminds me of this lil pic (not by me):



Lakestead?
DIY!  

a cool pic...I am imagining an underwater "Dr Evil"-like mechanism that activates ashore and extends the pier toward the house, then rapidly (relatively speaking) "snaps" back.

re money...bitcoin trains us to spend less because of it's presumably very high price in the future.
However, if and when such future arrives, people would need to have some 'wealth' classes-it is not very easy to learn how to spend properly if you grew up in a family of modest means.
You might spend in a "wrong" fashion. Listen to some Saylor's remarks about the "rich" thinking on how to do it.

[Richy_T]

Energy is pretty cheap in space. You also don't need a whole lot of power as even quite low thrusts will eventually get you where you want to go.

It's not as simple as going from point A to point B.

'Points of interest' in space (like asteroids) are not stationery, but flying as incredible speed.

For example, when NASA sent a spacecraft to Pluto, it took 9 years to get there, but they only had 1 day to actually study Pluto.

Only 1 day because the spacecraft couldn't just 'stop' once it arrived.

Relative speed during Pluto flyby was 13.78 km/s (49,600 km/h; 30,800 mph) so it would requite extraordinary amount of energy to 'stop'.

No, you're right, it's not point A to point B. Most things of interest are orbiting the sun so it is a case of matching orbit. This means speeding up or slowing down at strategic points. Typically, one would accelerate for approximately half the journey then decelerate for the other half. Depending on many factors, you might have a long time to do this. Even with quite modest (sub 1G) accelerations, it it possible to travel long distances in quite short times (particularly if one is not having to worry about human cargo). This can be achieved with a photon drive which means you can obtain power from the sun or, for some parts of the journey, a solar sail arrangement (which we are not at yet but given time)...

The Pluto flyby being so fast was because it was designed as a flyby, because that better suited the mission parameters rather than a matched orbit. Apples and oranges really. Also bear in mind that the sun is quite weak out in the vicinity of pluto (30-49 AU) vs the asteroid belt (~2.5AU) - inverse-square law. So plenty of energy available for maneuvering.

[Richy_T]

coming from a very poor family and I never had any meaningful amount of money way into my 30ies. then bitcoin happened. and one day i was - of all places -strolling through the aisles of a giant home depot store when it dawned on me that prices of things lost their meaning and that i could fill up my cart with what ever i wanted - but -unlike a kids dream in a toys`r us store- the magic was gone. i bought nothing.

I like to tinker with things and I was explaining to a friend that a $4 electronic module from ebay brings me more joy than a new car ever could. (I do need a new car though. F.U. again, Carvana)