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

[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.

[JSRAW]

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.

If you're asking others then would say you're not ready to quit yet mentally.

[Biodom]

Also, is your 127.2 years accounting for medical?

Some countries are less skimpy in providing medical care to their citizens as US of A. There is that.

Yea, I know, they had to pay bigger and badder taxes in the interim, but the sight of 60-61 year olds being fired en masse by the efficient US corporate system with such people having to fill 5 years doing some random work to pass the time until Medicare kicks in (at 65) is something that you cannot think about positively, really.

This is not my situation, mind you, but a good friend of ours was let go at 61 (from highly specialized company) and had to move back to Canada (her native land) to get medical care after being in US for most of her adult life.

Otherwise, in US it is ACA, which does not allow any decent money to be made before slapping $20K/year or above cost on you for minimal benefits.
We like to be brutal to our constituents/citizens, but, hey, bitcoin ownership fixes this.

[Sayeds56]

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.

You think Stock market will go Bearish by the End of 2021?

[Dabs]

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.

Don't quit just yet. However, you could cash out the equivalent of maybe 5 years to act as a buffer, then you can live on that for about 5 years. The rest of the 122.2 years worth, kept in BTC, might appreciate some more. Gives you time to think about what to really do in 5 years.

Your job will allow you to look "normal" for the time being, and your attitude may change somewhat as you should be more secure and relatively happier in life.

You are not going to live another 127 years anyway ...


The other thing to consider is to cash out 25 years worth, put that in traditional investments, and live on the interests alone for the next 30+ years. You will still have 100+ years worth of bitcoin, which, in 25 years time, could be worth a thousand years of living expenses. Then you could go crazy, or do whatever you want, within reason.

[Biodom]

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.

You think Stock market will go Bearish by the End of 2021?

I was mostly referring to bitcoin "winter" season and yes, it is likely to happen..maybe by the end of 2021, maybe a bit later.
No guarantees, of course.

[greenslope]

Who has enough fiat to double xrp marketcap? CBs? Crazy over-leveraged HF? Someone here?

[Sayeds56]

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.

You think Stock market will go Bearish by the End of 2021?

I was mostly referring to bitcoin "winter" season and yes, it is likely to happen..maybe by the end of 2021, maybe a bit later.
No guarantees, of course.

https://www.youtube.com/watch?v=le0fTpVBu44

[BitcoinBunny]

I once thought about becoming a politician.

But then sadly, I'm not a complete and utter imbecile.

Oh well. Hodle and retire early seems the best option now.  




Question; how long would a politician live without any police protection available and a lack of incarceration as a consequence of murder?

[Sayeds56]

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.

No worries, We will soon see Bitcoin above 72K. Bitcoin ETF has been filed by Galaxy in the USA.

[BitcoinBunny]

Who has enough fiat to double xrp marketcap? CBs? Crazy over-leveraged HF? Someone here?

It's already gone down again.

Long term alts don't work and short term it is easy to get burned also if you don't know what you're doing or just get unlucky.

[OutOfMemory]

Who has enough fiat to double xrp marketcap? CBs? Crazy over-leveraged HF? Someone here?

It's already gone down again.

Long term alts don't work and short term it is easy to get burned also if you don't know what you're doing or just get unlucky.

Erm, wrong coin, wrong thread 

*insert batslap*

 

[eddie13]

Barely broke ATH and everyone is talking about cashing out..

[20kevin20]

Barely broke ATH and everyone is talking about cashing out..

Every dump is another chance to purchase BTC cheap, so let's just support them all then lol

[Elwar]

@cryptomanran
Let's bet that $BITCOIN breaks All Time High the day Coinbase lists next week!
https://twitter.com/cryptomanran/status/1380254708506501133?s=21

I bet it magically breaks ATH the day before the Coinbase listing. On Coinbase at least.

Not to toot my own horn but....

[JimboToronto]

Barely broke ATH and everyone is talking about cashing out..

Only fools "cash out".

Smart people cash in.