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

[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)

[dieselmeister]

now the try, to get the day candle under 50k ... btw on low volume

[OutOfMemory]

now the try, to get the day candle under 50k ... btw on low volume

and there's minor resistance support at $50k as well.

EDIT: seems like it's already time for sleep ... 

[Hueristic]

Just LOL...

JesusChristIsKingTrumpWonTheElection

https://arstechnica.com/gadgets/2021/03/rookie-coding-mistake-prior-to-gab-hack-came-from-sites-cto/

[dieselmeister]

now the try, to get the day candle under 50k ... btw on low volume

and there's minor resistance at $50k as well.

hope we stay above, that would be a bullish signal ...

[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!

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 know a guy who won 2 million € on the lottery and in 2 years' time he was up to the neck in debt.

It's not easy to be rich if you don't have brains. You can be super-rich though.

[erre]

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.

Energy is everything. As already noted, with free energy we would be able to create elements instead of mining it.
For space mining we would need to reach orbit with an heavy payload, go to the the asteroid, land, use a lot of energy to probe and mine materials, escape the gravity of the asteroid and come back to earth. I cannot extrapolate any good number but the cost of orbit seems to exponentially grow for biggest ships, and this is a huge ship. Maybe you can do it cheaper with nuclear explosions project-orion-style, but meh.
I suppose that at the current energy costs this is not convenient even if you do not consider the billions in hardware and research.

[El duderino_]

Wow, the amount of Bitcoin held on exchanges CONTINUES to drop, as people move their purchased bitcoin into cold storage to HODL.

Bullish.

Great work
@glassnode
 for providing this data.

https://twitter.com/PositiveCrypto/status/1367185355057881088?s=20

[Wekkel]

The squeeze is getting tighter indeed. When daily $10k candles?

[lightfoot]

Just LOL...

JesusChristIsKingTrumpWonTheElection

https://arstechnica.com/gadgets/2021/03/rookie-coding-mistake-prior-to-gab-hack-came-from-sites-cto/

CTO is a moron. Probably did it to fix a minor problem.

[El duderino_]

https://twitter.com/DocumentingBTC/status/1367193277934534657?s=20

 

[Richy_T]

Energy is everything. As already noted, with free energy we would be able to create elements instead of mining it.
For space mining we would need to reach orbit with an heavy payload, go to the the asteroid, land, use a lot of energy to probe and mine materials, escape the gravity of the asteroid and come back to earth. I cannot extrapolate any good number but the cost of orbit seems to exponentially grow for biggest ships, and this is a huge ship. Maybe you can do it cheaper with nuclear explosions project-orion-style, but meh.
I suppose that at the current energy costs this is not convenient even if you do not consider the billions in hardware and research.

You don't mine the asteroid in-situ, you fly it back to earth (or lunar) orbit and mine it close to home (scifi type stories are typically based on options that are not available to us in reality). You basically only fly a (or multiple) engines out there. FWIW, asteroid gravity is pretty nominal (why they are asteroids and not a planet) but that's not really relevant to the scenario I'm describing anyway.

Here's an article that seems relevant. I don't have time to give it a deep read right now though.

https://space.nss.org/technologies-for-asteroid-capture-into-earth-orbit/

[Hueristic]

I know a guy who won 2 million € on the lottery and in 2 years' time he was up to the neck in debt.

It's not easy to be rich if you don't have brains. You can be super-rich though.

True Dat.

If you owe the bank $100, that’s your problem; if you owe the bank $100 million, that’s the bank’s problem.

[Hueristic]

Energy is everything. As already noted, with free energy we would be able to create elements instead of mining it.
For space mining we would need to reach orbit with an heavy payload, go to the the asteroid, land, use a lot of energy to probe and mine materials, escape the gravity of the asteroid and come back to earth. I cannot extrapolate any good number but the cost of orbit seems to exponentially grow for biggest ships, and this is a huge ship. Maybe you can do it cheaper with nuclear explosions project-orion-style, but meh.
I suppose that at the current energy costs this is not convenient even if you do not consider the billions in hardware and research.

You don't mine the asteroid in-situ, you fly it back to earth (or lunar) orbit and mine it close to home (scifi type stories are typically based on options that are not available to us in reality). You basically only fly a (or multiple) engines out there. FWIW, asteroid gravity is pretty nominal (why they are asteroids and not a planet) but that's not really relevant to the scenario I'm describing anyway.

Here's an article that seems relevant. I don't have time to give it a deep read right now though.

https://space.nss.org/technologies-for-asteroid-capture-into-earth-orbit/

Get it into orbit and use it to tether (and as material for) a space elevator.

[DaRude]

https://twitter.com/btc_archive/status/1366840463773364232?s=21

Money printer is going Brrrr and they're out there cheer leading, trying to convince everyone how somehow that should not cause inflation. Frankly they'd be shooting themselves in the foot (even more so) if they allowed ETF right now. Can you imagine the front page headlines Brrrr printer printed gazillion dollars, on separate and totally unrelated news, BTC ETF is the best performing ETF and saw a gazillion dollar inflow in the same time period  2+2=??

[erre]

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!

I screenshotted this and sent it to my wife, because that's exactly  my thinking and my dream.

I have a good job, I've made some career and my spending capacity increased, but all that I am able to do with it is to buy things I don't need to relieve the stress of increased responsibilities at work. I cannot buy time, only sell my time for money. And I cannot even choose how much time or when, because responsibilities and such.

I am not becoming rich with my salary and i will not be able to retire early, that's just a decent salary for a middle class life. Projections says I will be able to retire at the age of 70.

Bitcoin is my last hope to live a full time life.