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

[cygan]

 

[1714310139]

1714310139

[1714310139]

1714310139

[1714310139]

1714310139

[1714310139]

1714310139

[xhomerx10]

Bullish!

What is that device looks awesome?

It's a Raspberry Pi Zero with an eInk screen.
I published the source code here: https://github.com/parazyd/ticker/

And the display is this: https://www.waveshare.com/wiki/2.13inch_e-Paper_HAT

(Cat photo not included)

https://coingape.com/coinbase-coin-pre-ipo-share-price-on-ftx-reaches-594-pre-market-valuation-near-150b/?utm_source=btc$coin&utm_medium=telegram&utm_campaign=traffic

 Sounds like an unfair pre-mine.  I'm staying away.

[Richy_T]

If it looks like it's happening while the US still have about as much power as they have today, there will be a mighty reaction. Bitcoin can't be stopped and we know it, but it can be badly maimed/hampered. One thing is let the Saylors sail, the hedgies hedge, and the Musks musk, quite another is China dumping free falling US debt, or oil suppliers going "btc only, please". I definitely don't want btc to look like a serious balance-of-power threat to usd as it is now.

I think BRICS will make their own play first and I have a feeling it's coming this year.

[Biodom]

Bullish!

What is that device looks awesome?

It's a Raspberry Pi Zero with an eInk screen.
I published the source code here: https://github.com/parazyd/ticker/

And the display is this: https://www.waveshare.com/wiki/2.13inch_e-Paper_HAT

(Cat photo not included)

https://coingape.com/coinbase-coin-pre-ipo-share-price-on-ftx-reaches-594-pre-market-valuation-near-150b/?utm_source=btc$coin&utm_medium=telegram&utm_campaign=traffic

 Sounds like an unfair pre-mine.  I'm staying away.

Margins might declines, so, yes, 150bil is rich. At 50-75bil, I might bite, but it is not very likely in a short term.
It will probably be a good buy at the end of the bear market of 2022-2023.

[Richy_T]

I've just calculated that I can now use my BTC to cover my living expenses for the next 127.2 years!

Should I quit my job?

Might be time to move out of the hollow in the tree?

[Biodom]

If it looks like it's happening while the US still have about as much power as they have today, there will be a mighty reaction. Bitcoin can't be stopped and we know it, but it can be badly maimed/hampered. One thing is let the Saylors sail, the hedgies hedge, and the Musks musk, quite another is China dumping free falling US debt, or oil suppliers going "btc only, please". I definitely don't want btc to look like a serious balance-of-power threat to usd as it is now.

I think BRICS will make their own play first and I have a feeling it's coming this year.

yes, no sudden threats to PTB, please...we don't want a "nip 'them in the bud" situation after some $ emergency, however, it seems that stablecoins actually strengthen the $, so it should be fine.

[Richy_T]

https://coingape.com/coinbase-coin-pre-ipo-share-price-on-ftx-reaches-594-pre-market-valuation-near-150b/?utm_source=btc$coin&utm_medium=telegram&utm_campaign=traffic

IPO price in dollars. The market is quite "hot" right now with government sanctioned counterfeit dollars.

[20kevin20]

Should I quit my job?

Oh man, should we get into a 2015-like crypto winter you may want to reconsider that job, lol.

What I'd do is keep a stash of cash for at least 12-24mo of expenses on the side just in case BTC somehow screws up for a while and YOLO.

[JayJuanGee]

Too bad that you ONLY bought a few bitcoins, you cheap bastard.  

We already talked about some peeps who like to brag about their low buy-in prices, but they ONLY bought a small quantity and then just sit on it for the whole time.. sure it could work out fine, but it also could have worked out even MOAR better to continue to stack sats... bringing UP your average BTC buy in price, but also increasing your BTC stash, too.

My story is not to dissimilar to your own except I had the fortune to twig to Bitcoin a little earlier. I did continue to stack for a while and played with mining etc but eventually it kinda became like pissing into an olympic-sized pool so I stopped. In retrospect, of course I wish I'd gone all-in at the beginning and bought even more more along the way but to be upset about that would be to soil the amazing experience the last 8 years has been.

Hm?  Maybe I would need more details, and surely I am not trying to screw with your OPsec, so it really does not matter too much to me if you got into bitcoin via mining or BTC purchases because sometimes there could be some of the same dynamics of a kind of ongoing purchasing that attempts to reach an accumulation target.. whether that started to take place in 2012-ish or 2013/2014-ish.

My story is that it largely took me a year from late 2013 to late 2014 to reach my accumulation target - but I still could not just sit on my then stake so I largely continued to accumulate through 2015 (albiet somewhat lower quantities or percentages of my stash overall because I had a sense by late 2014 that I had already more than adequately established a sufficient BTC stake).

I think that by late 2015 and even into early 2017, I went into a kind of maintenance stage but I continued to still be a bit nervous (or would it be insecure?) about if I had enough BTC.. even though I had already told my lil selfie that I had enough in late 2014.. so it was a kind of ongoing weirdness in my psychology about whether I really did have enough.  

By the time early to mid 2017 came along, I really was feeling less insecurity about whether I had enough BTC.. and funny thing was that change in my mindset also coincided with a decently large part of my stash getting removed from me.. but I was still starting to more solidly consider that I have more than enough BTC.

Of course, our stories likely diverge a bit with the shitcoinery bullshit that was coming into the space in 2017 (and yes referring to BIG blocker nonsense), and sure you suggest that you hung onto your bitcoin stash during that period (until present), but I was getting the sense that you failed and refused to continue to prepare for BTC UPpity during that time, and so you can sugar coat all that you like, but if you are worried that lumber prices might have doubled in the past several months, that really should seem like a BIG so fucking what for anyone who actually adequately prepared for bitcoin UPpity in the recent years... so your statement in itself (which likely reflects how you really feel about your level of richie) seems to reflect something problematic in your preparation for UPpity.. .. and sure maybe I am wrong? and sure maybe you can set me straight on these presumptions, but my own preparations have caused me to transition (especially based on BTC's price performance since September of now more than 6x) into a kind of NOT giving any shits about price rises of various goods that I want, including if they might have doubled in recent times.

Where am I going wrong in my thinkenings and presumptions about your likely failure/refusal to adequately pee pare ur lil selfie for UPpity, Richy?

By the way, some of the BIG blockers really got reckt in either buying into Bcash or failing/refusing to keep an adequate BTC stash.. and I apologize if I am actually lumping you into that category because I do recall that you have stated that you have hung onto your BTC stash.. but those kinds of levels of "hanging onto your BTC stash" are likely relative terms and bitcoin's price appreciation might have rescued you and maybe several other BIG blockers from their stupid ass levels of dumb to the extent that they hung onto some of their BTC... but they are no where even close to where they would have been if they had got completely out of those various bcash scammenings... which scammenings from Bcashes are ongoing, even if they are quite a bit less convincing, they are still trapping newbies into their worthless coins /projects.

nice morning  

buying a couple thou worth a la Boblawblaw style today.... replacement
Yes, I like to buy 'them ATHs, lol.

That's not a great strategy, Biodom..

especially for a longer term bitcoiner.. and likely demonstrates that you inadequately pee pared ur lil selfie (baby talk intended) for UPpity.

 

 

By the way, I do appreciate that earning a cashflow does cause for money coming in to need to be distributed, and surely, I am not saying that a year ago, you should have leveraged against cash that you did not have based on cashflow that you expected to have, so there remains that bit of an angle that is going on, too... that is a kind of exception to the intensity of my criticism of buying on the way up rather than buying on the way down... and also Bawb's strategy has been to sell BTC at various points lower and then to buy higher (but to buy BTC back while it is dipping), and I would not recommend that strategy either even though, so far, it seems to have been working out for him with the BTC price continuing to go UPpity.

[LFC_Bitcoin]

https://twitter.com/blockbytch_/status/1381995166907604996?s=21

[lightfoot]

I completely separate one from another, but, admittedly, it is getting difficult to do with each additional step-up in btc.
Prior 85% plunges are cautionary tales, though...to not count your P/L too early.
EDIT: moar ATHs

Good point: You don't want to buy a lot of stuff that requires money to maintain without having the money in a stable place. The right thing to do is take out enough to support the thing plus all the things the thing needs (for example could you really park your McLaren on the street next to your townhouse? Probably need a garage, mechanic, etc) in the event that the bitcoin goes on a serious sale.

Same for work, I'd say make sure you have 10 years or so in the bank in case Bitcoin drops and you need to spend some time re-learning how to work.

I'm just trying to keep my skills sharp at this point. I'd become a marshmallow in about 30 days otherwise.

[Biodom]

A thought occured: can SEC (US) prevent third countries exchanges from posting stock tokens of US companies? The testing ground is 'nance and its desire to trade tokenized TSLA.
Of course, US & China are precluded, but it is an interesting development. Would Coinbase go for something like this? You betcha.
https://www.thestreet.com/crypto/bitcoin/tesla-stock-token-binance

[bitcoinPsycho]

[JayJuanGee]

62840 wow nice!
Wonder if we go pump round 2 ahead of or after COIN is open to the public? Any chances we pump to 65000 USD in next 24 hours I wonder.

Not a chance of $65k in the next 24 hours.  So don't even think it.    


 

nice morning 

buying a couple thou worth a la Boblawblaw style today.... replacement
Yes, I like to buy 'them ATHs, lol.

Same here, I'm always afraid to buy the dip but never scared of buying at ATH.

I must be a bit dumb.

Yes you are.  Nohomo.

[bitcoinPsycho]

62840 wow nice!
Wonder if we go pump round 2 ahead of or after COIN is open to the public? Any chances we pump to 65000 USD in next 24 hours I wonder.

Not a chance of $65k in the next 24 hours.  So don't even think it.    


 

nice morning  

buying a couple thou worth a la Boblawblaw style today.... replacement
Yes, I like to buy 'them ATHs, lol.

Same here, I'm always afraid to buy the dip but never scared of buying at ATH.

I must be a bit dumb.

Yes you are.  Nohomo.

JJB

[Parazyd]

62840 wow nice!
Wonder if we go pump round 2 ahead of or after COIN is open to the public? Any chances we pump to 65000 USD in next 24 hours I wonder.

Not a chance of $65k in the next 24 hours.  So don't even think it.    


 

Math and science?

[shahzadafzal]

Wow! Guys!

I've just calculated that I can now use my BTC to cover my living expenses for the next 127.2 years!

Should I quit my job?

This is tough shit.

No mat at least wait for the $100k party, it’s just around the corner!

[Richy_T]

Of course, our stories likely diverge a bit with the shitcoinery bullshit that was coming into the space in 2017 (and yes referring to BIG blocker nonsense), and sure you suggest that you hung onto your bitcoin stash during that period (until present), but I was getting the sense that you failed and refused to continue to prepare for BTC UPpity during that time, and so you can sugar coat all that you like, but if you are worried that lumber prices might have doubled in the past several months, that really should seem like a BIG so fucking what for anyone who actually adequately prepared for bitcoin UPpity in the recent years... so your statement in itself (which likely reflects how you really feel about your level of richie) seems to reflect something problematic in your preparation for UPpity.. .. and sure maybe I am wrong? and sure maybe you can set me straight on these presumptions, but my own preparations have caused me to transition (especially based on BTC's price performance since September of now more than 6x) into a kind of NOT giving any shits about price rises of various goods that I want, including if they might have doubled in recent times.

Where am I going wrong in my thinkenings and presumptions about your likely failure/refusal to adequately pee pare ur lil selfie for UPpity, Richy?

By the way, some of the BIG blockers really got reckt in either buying into Bcash or failing/refusing to keep an adequate BTC stash.. and I apologize if I am actually lumping you into that category because I do recall that you have stated that you have hung onto your BTC stash.. but those kinds of levels of "hanging onto your BTC stash" are likely relative terms and bitcoin's price appreciation might have rescued you and maybe several other BIG blockers from their stupid ass levels of dumb to the extent that they hung onto some of their BTC... but they are no where even close to where they would have been if they had got completely out of those various bcash scammenings... which scammenings from Bcashes are ongoing, even if they are quite a bit less convincing, they are still trapping newbies into their worthless coins /projects.

Opsec indeed prevents me from divulging too much. I did have a reasonable appraisal of Bitcoin's potential fairly quickly so whilst not having an accumulation target per se, I bought what I could with money I had lying around and would have bought a similar amount later but the banks were messing with the poor chap I was dealing with so that was that (though hopefully that went well with him). I bought in drips and drabs after that as more options became available but when you have a good stash, the more you're putting in, the more you're risking losing on the downside. Perhaps not the optimal way to view things but hindsight is always 20-20.

The fork was pretty much a non-event for anyone with a cool head on their shoulders. When it occurred, everyone was left with an equal amount of each coin. If the fork was successful, it would go to the moon, if not, BTC was likely still set to go to the moon. It was only those chasing greed, trying to maximize their funds or with hard-line agendas that felt the need to sell all of one to buy the other. I like to leave room for the chance that I am wrong so I kept both. That's all I'll say about the fork here because that's all that's relevant but I have a few opinions about it.

but if you are worried that lumber prices might have doubled in the past several months, that really should seem like a BIG so fucking what for anyone who actually adequately prepared for bitcoin UPpity in the recent years...

Frugal living can be a hard habit to break. You should see my car. But just as you talk about preparing for "uppity", spending more than is needed is similarly antithetical to benefiting from that movement. We are talking about what could be an $8000 shed probably coming out at around $15,000 or more in this market. That's a difference not to be sniffed at.

[JayJuanGee]

62840 wow nice!
Wonder if we go pump round 2 ahead of or after COIN is open to the public? Any chances we pump to 65000 USD in next 24 hours I wonder.

Not a chance of $65k in the next 24 hours.  So don't even think it.    


 

Math and science?

Hahahahaha

Just seemed like fun to say it.

Wow! Guys!

I've just calculated that I can now use my BTC to cover my living expenses for the next 127.2 years!

Should I quit my job?

This is tough shit.

Yeah but how are you calculating the value?  based on $63k?  Sure you might get lucky, but we should not be basing our fuck-you lever pulling planning on luck (not to bring up luck again, because luck might be a past appreciation rather than something that you anticipate as a given, especially "good" luck).

  If you are using $63k or anything close to that, then that kind of framing would not be a good measure.. there are peeps here that you could ask about their experiences in doing that (I am not going to provide names).  

Now if you are using some other kind of calculation, would be interesting to hear about it.  

You know my measure, which is currently just over $11k and seems to be going up a few hundred every week.. so in no time, we should be supra $20k with that one.. I am sure that there are other less conservative measures, and I suppose that those could be used as well for guys who might be on the margins (or is it on the cusp?  or on the threshold) of pulling the fuck you lever.. and not clear about if it would be too risky..

Also, is your 127.2 years accounting for medical?

By the way, any calculation that can go as far as 127.2 years, should also be able to have a built in function to figure out an amount (that might be slightly lower) that is perpetual.. meaning that you are ONLY living off of the passive income... of course, since all of us are mortal, we could have a kind of provision that ends up UPping the spending in what we project to be our last years of life in order to use up most or all of it - to the extent that we are not planning to pass on wealth.

By the way (II), even though I am using a calculator that only is currently giving me $11k per coin, right now, I am actually using 12% per year as an amount that I can withdraw based on that indicator rather than the traditional 4%.. so the low number is not as bad as it might seem, and it still gives me numbers that are quite great, even for my situation and projecting into the future.. I mean I already have income coming in that I am trying to surpass in order that I can start dipping into my corns.

@pierre_rochard
Buying #bitcoin  at the 2013 ath of $1,200 was smart.

Buying #bitcoin  at the 2017 ath of $20,000 was smart.

Buying #bitcoin  at today's ath is smart.

This is about long term accumulation of #bitcoin , not short term trading or trying to time the market.

Few understand this.
https://twitter.com/pierre_rochard/status/1381984503904804865?s=21




Few

Yeah but we are not even likely close to parallels of either the 2013 ATH or the 2017 ATH in terms of getting to a place of a blow off top or even the feeling of getting to a place of a blow off top, as some folks want to project that bitcoin is in an unsustainable location.. so few understand (with any kind of conviction) that bitcoin is not even close to a blow off top.  Of course, the ones who are HODLing their BTC and buying BTC do understand that we are not even likely close to parallels of either the 2013 ATH or the 2017 ATH in terms of a blow off top.

[JimboToronto]

Frugal living can be a hard habit to break. You should see my car.

There's nothing wrong with frugal living.

I live in a dirt cheap rented basement apartment and wear second-hand clothes.

Some things you don't go cheap on though, like high-quality food and drink.

One thing I learned from my poverty days was that when you start earning, keep spending as if you were poor.

Wasting money on things like fancy clothes, homes or cars is just plain foolish.