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

[somac.]

I have offically joined the ranks of retired WO gentleman. Working just seems kinda pointless.

I don't have any immediate plans to sell a big chunck of my stash - I'll just dip into it as needed.

Go Bitcoin go!

I think this might be becoming a thing... my last day is April 2nd..  officially retiring early.  Sold a smallish chunk to diversify so that if we have an 80% crash, I can ride it out without selling the dip... but yeah.. mostly the same plan.   good feelings

Definitely good to see people freeing themselves from slavery via BTC.

I can retire myself, but my employer is currently going through a large round of layoffs, so I'll be getting redundancy later on this year. Free money is free money, so I can wait.

It's nice to get 6-12 mo of free money.
I haven't decided yet.

I'm pretty damn lucky that's for sure.

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[AlcoHoDL]

Great news! Someone upgraded the Bitcoin protocol to allow for the purchase of NFTs!

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

Thanks for this, I wasn't at all aware of "Colored Coins". Their website is down, they don't seem to be very popular these days, which does not take away from their significance. Speaking of popularity, for all we know, NFTs, in their current implementation, may die out sooner than we think, or they may not. This NFT thing is new to me and I need to read/research more about it to be able to have an informed opinion. The thing that bothers me is that it involves Ethereum, just like the ICO craze. I've never owned Ethereum and don't intend to, purely out of principle (I absolutely hated their blockchain transaction reversal fiasco that happened years ago). To me, anything involving Ethereum has a tendency to be a solution looking for a problem—yes, I'm that biased against it...

Will watch this space and see how things go. One should be open to new ideas and be ready to embrace and support them if they are worthy and useful in solving real problems and making our lives better. Having said that, history in this space has taught us time and time again that there is only one King Daddy, and that's Bitcoin. So, I would be much more supportive of NFTs that could use Bitcoin as the basis for their settlement layer.

[Arriemoller]

False confirm.

Must avoid false confirmation:

How caring, to check how women dress (not men, oh dear, of course) before they do something they might regret. The poor young ladies risk a personal punitive lightning thunder or something even worse, such as the confirmation getting unconfirmed.

I'm pretty sure they have a dress code for boys as well, if they show up in shorts and no shirt they would most certainly not be confirmed.
dress code for confirmation is ok in my opinion.

[Arriemoller]

Totally of topic and everything, I just want to brag a little.

I actually served a weekend in that unit, (with the homeguard) as the regular personal got time of.

https://www.youtube.com/watch?v=w02pj5xpgAA

[FatFork]

Calling it now. New ATH on Saturday $67K.

Math and science.

Confirmed

Yeap! I've been crunching the numbers for hours... his math checks out.

[Paashaas]

Bank of New York Mellon Invests in Crypto Startup.

Bank of New York Mellon Corp is investing in a cryptocurrency startup, the latest move by a traditional Wall Street player to embrace digital assets.

The startup, Fireblocks, builds tools for the secure storage and transfer of bitcoin and other cryptocurrencies. BNY Mellon plans to use Fireblocks’s technology to underpin a new business that the bank unveiled last month, in which it plans to serve as a custodian for digital assets on behalf of institutional investors.

[shahzadafzal]

Bank of New York Mellon Invests in Crypto Startup.

Bank of New York Mellon Corp is investing in a cryptocurrency startup, the latest move by a traditional Wall Street player to embrace digital assets.

The startup, Fireblocks, builds tools for the secure storage and transfer of bitcoin and other cryptocurrencies. BNY Mellon plans to use Fireblocks’s technology to underpin a new business that the bank unveiled last month, in which it plans to serve as a custodian for digital assets on behalf of institutional investors.

Doesn't sound appealing, what they actually mean by "custodian for digital assets".

[Dabs]

For those looking at health insurance, you might want to take a look at life insurance too. Start with Term Life 10 years or something similar. It is "pure" life insurance with no add ons, and is relatively cheap (depending on your age) for the coverage.

Something like $40 per month for $500k coverage for about 40 years old. Older is higher up to around 85 years old and the last decade is much much higher in premiums.

Then, the private life insurer might also have health insurance in addition to any government health care benefits you may already have in your country. It may be worth it to add to anything you have right now if you can afford a little bit, working or not.

As for our favorite hated alt, everything that didn't happen yet on bitcoin happened there, ICOs, NFTs, DeFi ... so it's probably worth it to take another unbiased look, and why you have the big boys also looking at them. There are literally thousands of projects that are on that space, with more than 90%, maybe even 95% not going anywhere, but there is that small 1% hidden gem and whether or not the tech is good, it might spark and give you excellent returns. DYOR.

[bitebits]

^ What am I going to do exactly with those dollars when dead?

shorts

[El duderino_]

I have offically joined the ranks of retired WO gentleman. Working just seems kinda pointless.

I don't have any immediate plans to sell a big chunck of my stash - I'll just dip into it as needed.

Go Bitcoin go!

Congrats

[Dabs]

^ What am I going to do exactly with those dollars when dead?

I have heirs. Even if you don't have any, you'd probably like to be buried and have everything taken care of, so there are "death plans" for that purpose. A small "token" life insurance plan assigning a close friend to be beneficiary and a "dead man's switch" email saying "here, you get $100k when i died, please bury my body somewhere, or cremate it, ble bleh and keep the change."

[lightfoot]

^ What am I going to do exactly with those dollars when dead?

I have heirs. Even if you don't have any, you'd probably like to be buried and have everything taken care of, so there are "death plans" for that purpose. A small "token" life insurance plan assigning a close friend to be beneficiary and a "dead man's switch" email saying "here, you get $100k when i died, please bury my body somewhere, or cremate it, ble bleh and keep the change."

Think: "What would a Pharaoh do?"

Edit: This would also be a good time to do the cyronics thing. If you have nothing to lose, why the fuck not? Just get the following tattoed on your forehead and put on your tank:

Hello!
In my brain is the seed code to 1 bitcoin.
Revive me and it is yours.

Include the public key and a signed message saying the above on the bitcoin.

When 1btc is enough to buy a planet you can be SURE that people will do anything to get your mind back. Then go and withdraw your other 100 BTC and be a God in the future.

[AlcoHoDL]

For those looking at health insurance, you might want to take a look at life insurance too. Start with Term Life 10 years or something similar. It is "pure" life insurance with no add ons, and is relatively cheap (depending on your age) for the coverage.

Something like $40 per month for $500k coverage for about 40 years old. Older is higher up to around 85 years old and the last decade is much much higher in premiums.

Then, the private life insurer might also have health insurance in addition to any government health care benefits you may already have in your country. It may be worth it to add to anything you have right now if you can afford a little bit, working or not.

As for our favorite hated alt, everything that didn't happen yet on bitcoin happened there, ICOs, NFTs, DeFi ... so it's probably worth it to take another unbiased look, and why you have the big boys also looking at them. There are literally thousands of projects that are on that space, with more than 90%, maybe even 95% not going anywhere, but there is that small 1% hidden gem and whether or not the tech is good, it might spark and give you excellent returns. DYOR.

+1 WOsMerit.

As for the term "Life Insurance", I interpret it as a pension (a lump sum and/or monthly payment) after a certain age, say, 60 y/o.

As for when I die, frankly, I don't care at all what will happen to my body. They can bury it, burn it, or throw it in the trash. When I die, that body won't be me. I'd recommend the cheapest and easiest way of disposing of it.

[BitcoinBunny]

Bit of a dip back down to where we were yesterday. Oh well.

You know it's surprising how many people still approach me with the alt coin story "My mate had a buddy say Hex is the next big thing so do you think..."
NO! They are all pyramid copy cat schemes trying to siphon your money away from the greatest asset in the world. No one ever needed a painting asset to do something else than just exist and be kept safe: "yeah but this one has transaction tokens and that one has privacy built in and that one sends a pigeon to the moon when you use it so blah di blah di blah." Get fucked. All you need is the simplest digital asset that exists and nothing else. BTC.

I guess we can expect more of that as crypto goes mainstream.

Sigh... all I want to do is keep my assets safe in BTC, let them grow over a period of time, retire a bit earlier than I otherwise would and have young willing models such as Riley Reid sit on my face.
What is so hard to understand about that?!

[Dabs]

^ What am I going to do exactly with those dollars when dead?

I have heirs. Even if you don't have any, you'd probably like to be buried and have everything taken care of, so there are "death plans" for that purpose. A small "token" life insurance plan assigning a close friend to be beneficiary and a "dead man's switch" email saying "here, you get $100k when i died, please bury my body somewhere, or cremate it, ble bleh and keep the change."

Think: "What would a Pharaoh do?"

Edit: This would also be a good time to do the cyronics thing. If you have nothing to lose, why the fuck not? Just get the following tattoed on your forehead and put on your tank:

Hello!
In my brain is the seed code to 1 bitcoin.
Revive me and it is yours.

When 1btc is enough to buy a planet you can be SURE that people will do anything to get your mind back. Then go and withdraw your other 100 BTC and be a God in the future.

Pharaohs are mean. They killed everyone when they died. (Or everyone willingly got sacrificed for their great leader, thinking they will all accompany him to the next life.)

If you get revived, it might be possible you forget the seed code. Still, not a bad idea. You might have to spend a few corns today to get stored in deep freeze cryo cold storage... I think that's what Hal did.

If you did get revived, you should be able to remember something short and secure like an email password kind of thing. Your 12-24 word seed can be semi-private / semi-public (engraved or stamped on metal) with 0.0001 BTC in it, but you have an additional passphrase to the 1 BTC or 10 BTC stored in it. And another one with the rest of your stash.

Also depends on how you died, and if you can still be actually be revived.

For "proof", you can publish the address that contains 1 BTC. Anyone can look at any block explorer and see "hey, this dead guy is for real, wake him up damnit."


With only 100 BTC, you'll be very okay in the future, but you won't be a god. Remember, there are other gigachads who never died and have thousands of BTC, not to mention maybe the corporations that never sold are now masters of the other planets or something.

you: What year is it?
mad scientist that woke you up: oh, it's about a few thousand years since you died, does the year matter? gimme my 1 bitcoin, it's worth $100 billion today. Enough for me to buy a week's worth of bread. After you, I have a bunch of dead bitcoiners to wake up too, you're the 200th one, don't worry.

[Torque]

With one exception: “The scarcity is artificial.  Anyone can make perfect copies of it.”

The scarcity of ownership is artificial, but it's as real as physical scarcity. There can only be one owner. So this point is moot/baseless too, BUT my objection pertains to those goods where ownership is not needed to be able to enjoy the good. As in, picture files, digital music or similar items. The issue here is enforcing DRM based on NFTs. This could be a thing, right, but then apart from the technical details, the creator, too, should be prevented from making additional copies ("reprints") of the creation. So you release, say, a tune as a NFT, and as a consequence no radio can legally broadcast it? Or can they? You sure shouldn't be allowed to release more "declassified" copies, or you are "inflating" the supply. Or I can use the song even if I don't "own" my copy's NFT? So you decide once and for all how many copies you are releasing? Shaky technical terrain. Shakier legal terrain. IANAL. Some legislation will be needed. No, not the SEC, that's right.

Copyright laws and ownership laws already cover this. NFTs are not only unnecessary (and redundant), but not recognized by law. They bring nothing necessary that is missing to the table. And introduce new problems that don't exist.

Another solution looking for a problem that either doesn't exist, or is not really a problem.

^{(I'm gonna go out on a limb and just say it: young people are naive and stupid for believing in this NFT shitscam.)}

[d_eddie]

you: What year is it?
mad scientist that woke you up: oh, it's about a few thousand years since you died, does the year matter? gimme my 1 bitcoin, it's worth $100 billion today. Enough for me to buy a week's worth of bread. After you, I have a bunch of dead bitcoiners to wake up too, you're the 200th one, don't worry.

You: What a bleak future. No more than 21 million weeks' worth of bread on the planet! How many humans left?

[BitcoinBunny]

^ What am I going to do exactly with those dollars when dead?

I have heirs. Even if you don't have any, you'd probably like to be buried and have everything taken care of, so there are "death plans" for that purpose. A small "token" life insurance plan assigning a close friend to be beneficiary and a "dead man's switch" email saying "here, you get $100k when i died, please bury my body somewhere, or cremate it, ble bleh and keep the change."

Think: "What would a Pharaoh do?"

Edit: This would also be a good time to do the cyronics thing. If you have nothing to lose, why the fuck not? Just get the following tattoed on your forehead and put on your tank:

Hello!
In my brain is the seed code to 1 bitcoin.
Revive me and it is yours.

When 1btc is enough to buy a planet you can be SURE that people will do anything to get your mind back. Then go and withdraw your other 100 BTC and be a God in the future.

Pharaohs are mean. They killed everyone when they died. (Or everyone willingly got sacrificed for their great leader, thinking they will all accompany him to the next life.)

If you get revived, it might be possible you forget the seed code. Still, not a bad idea. You might have to spend a few corns today to get stored in deep freeze cryo cold storage... I think that's what Hal did.

If you did get revived, you should be able to remember something short and secure like an email password kind of thing. Your 12-24 word seed can be semi-private / semi-public (engraved or stamped on metal) with 0.0001 BTC in it, but you have an additional passphrase to the 1 BTC or 10 BTC stored in it. And another one with the rest of your stash.

Also depends on how you died, and if you can still be actually be revived.

For "proof", you can publish the address that contains 1 BTC. Anyone can look at any block explorer and see "hey, this dead guy is for real, wake him up damnit."


With only 100 BTC, you'll be very okay in the future, but you won't be a god. Remember, there are other gigachads who never died and have thousands of BTC, not to mention maybe the corporations that never sold are now masters of the other planets or something.

you: What year is it?
mad scientist that woke you up: oh, it's about a few thousand years since you died, does the year matter? gimme my 1 bitcoin, it's worth $100 billion today. Enough for me to buy a week's worth of bread.

With only 21 million BTC I doubt 1 BTC can ever only buy a loaf of bread unless you believe in a future where there is still digital asset trading and the population decreases 10.000 fold, regardless of the exchange rate to dollars.

It's become clear on the usually toxic area of Twitter that most newbies are glad to be even holding 1 BTC.
I reckon they will all be millionaires.
In a few years even holding 0.1BTC will be hard to achieve for newcomers. In fact, most people probably cannot achieve THAT without enormous saving effort already.
100BTC holders will live like kings, no doubt.

[YourMother]

CATASTROPHIC

RUN FOR YOUR FUCKING LIVES

Aaah, the good old days haha

I remember trolling the fuck out of the Bitcoin community along with NotLambChop and JorgeStolfi...
It's sad that those 2 fucks fell for their own FUD in the end.

8+ years later I'm retired with a close to double-digit $million fortune. What an incredible experience it's been. Traded so many shitcoins I thought I would end up broke.

Congrats to everyone who made it.

[Dabs]

You make a CD, and someone will rip it to an mp3 format with no DRM....

It's already being done on things like iTunes or Spotify, while most people will pay a monthly fee, there are those who decrypt the downloaded ogg files so they can play them offline in any other device. Or find ways to download the songs.

And doing analog recordings (then back to digital) also work, but that's a rather roundabout way of doing it.