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

[cAPSLOCK]

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

Naaaah not cashing out bro.... 

It is one of the simplest concepts in Bitcoin... the Neo/Morpheus meme.  And there are even folks amongst us who still think in terms of "cashing out".

It's a fine line, but an important one.  As long as fiat is still the lingua franca of commerce we will have to convert bitcoin to monopoly money to make a purchase.  For example when we are building our race track, or figuring out we will need to expand the garage for the McLaren.

But people who UNDERSTAND Bitcoin realize that this is just some vestigial friction that must be tolerated when it is actually time to EAT one of the Marshmallows we have saved up from having low time preference.

We are beginning to see this play out now... the most optimal "exit strategy" is not to exit.

It is to borrow against the most pristine asset the world has ever known. 

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[Dabs]

Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

It happens. That's life. Some of us were not in very good positions to keep or maintain or hodl and had to survive, even before the pandemic, even before the bear market.

Basically what eddie13 said too.

At some point, because I simply do not have enough sats, I will also have to "cash out" a little bit. Hopefully there will be more of it left so the "no exit strategy" will work in a few years.

As a mentor of mine once said, it is a problem of having "too much month at the end of the money."

[micky123]

Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..

That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..
Were, even at sub 10k levels..

I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..
I’m doing much better these days, but not everyone have disposable income for wild investments..



On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..
How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?

Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..

Doesn’t seem like the most optimal situation to me..
What do you think?

Well... i have been dormant for a while, only recently came back on. I do not regret converting my BTC into Fiat, especially since it gave me the freedom to not be in Debt! In hindsight, i can say that i made full use of the bitcoin i had, it actually all boils down to what makes you happy i guess! In my case, i used it for paying off my mortgage much faster than the 20 year plan i had (paid off in 2 years!). Paid off a new car, bike and went on umpteen holidays which is something my wife and I both love, invested in my hobby of diecast collection, which in itself is worth a fair bit right now!

Do i regret not having all 21 BTC, sure i do, i would have retired without a second thought if i had that kind of purchasing power but then i am looking at a retirement at 40 opposed to 50 which was my earlier plan and it is all because of Bitcoin!

[_javi_]

Coinbase $COIN share trading is suspended for some mins...

Bitcoin is never suspended... and now we dump  

[micky123]

Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

It happens. That's life. Some of us were not in very good positions to keep or maintain or hodl and had to survive, even before the pandemic, even before the bear market.

Basically what eddie13 said too.

At some point, because I simply do not have enough sats, I will also have to "cash out" a little bit. Hopefully there will be more of it left so the "no exit strategy" will work in a few years.

As a mentor of mine once said, it is a problem of having "too much month at the end of the money."

Dabs my friend, good to see you active on these forums! Heard you went through tough times too. Hope all well now!

[JayJuanGee]

I used to send $$$ to Gox, Mark K. owes me.

Here's my birthdate here:
Date Registered:    July 02, 2013, 02:30:41 PM

I tried to mine some litecoin, never got a block. I was already late to the game on hardware to mine BTC. I knew about BTC a year before, but better late than never.

You started your BTC forum experience as a miner of litecoin?  So, when did you start buying BTC?  in 2013 or later?  Did you wait until 2021?  hahahaha

By the way, everyone is in BTC profits, even those persons who bought a week ago... that's what ATHs do to BTC HODLer/accumulator peeps.

Look away for 30 seconds, miss the new ath

Huh?

Largely, I have been seeing BTC prices gravitating in the upper end of the BTC price range since about December  2020 when the ATH was breached once again (around 3 years after the previous time that it had been breached).  So, sure, since December 2020, we have had a few BTC price corrections and even a month between ATHs on three occasions, but still many ongoing ATHs along the way - and hardly enough inaction to really get bored or even to believe that something is awry..

Sure peeps get bored and want to read negativity, even into a positive situation, but still this situation continues to be almost too good to be true in terms of how it continues to be happening.. in other words, let's see some Ron Paul "it's happening" memes going on since about December 2020.. believe it or don't.. we have ongoing ccccciiiittttttttteeeeeeee,,,

, and no I do not really buy Phillips assertion of gradual sloping upwards blah blah blah.. but the fact of the matter is that we do have ongoing slopening upwards without really BIG corrections along the way, so far.  A great scenario and the "stability" of BTC prices that peeps be wishing for and that I claim does not exist in bitcoin. but even though I claim stability in BTC prices does not exist - especially during a war, we have been largely experiencing the thing that I ongoingly claim does not exist.  Go figure ur lil selfie.

[Dabs]

"too much month at the end of the money."

Dabs my friend, good to see you active on these forums! Heard you went through tough times too. Hope all well now!

Hey there my friend!

Yes, quite active, particularly on this thread, not on the other sections as much. This is my fav spot.

Still grinding through life, maybe I have 10 to 20 years to retirement, hopefully sooner. Trying to stack sats, ending up spending them. There were a few kind people along the way and I am very grateful to them, and there were a few dead projects that came back to life and I've been getting some value out of them, sort of like a DCA into BTC.

If it goes up like I hope it would (and kind of expect, just a matter of time, a rising tide lifts all boats, but alts and tokens are not a good topic on this particular thread) then I'll probably do okay.

[micky123]

"too much month at the end of the money."

Dabs my friend, good to see you active on these forums! Heard you went through tough times too. Hope all well now!

Hey there my friend!

Yes, quite active, particularly on this thread, not on the other sections as much. This is my fav spot.

Still grinding through life, maybe I have 10 to 20 years to retirement, hopefully sooner. Trying to stack sats, ending up spending them. There were a few kind people along the way and I am very grateful to them, and there were a few dead projects that came back to life and I've been getting some value out of them, sort of like a DCA into BTC.

If it goes up like I hope it would (and kind of expect, just a matter of time, a rising tide lifts all boats, but alts and tokens are not a good topic on this particular thread) then I'll probably do okay.

Great to hear that you are fighting it all the way! Still doing the charity work? I wouldn't mind contributing a bit towards that!

[philipma1957]

Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..

That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..
Were, even at sub 10k levels..

I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..
I’m doing much better these days, but not everyone have disposable income for wild investments..



On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..
How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?

Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..

Doesn’t seem like the most optimal situation to me..
What do you think?

I should have more than I do. But I have finally managed to position myself with mining to have a very good year.

I have a very good income stream setup now from the mining. I could retire and in a way I have retired other than running the mining farms.

At 64 I want to continue mining and stacking until 70.

So I have skin in the game. A lot of gear


I gave away 10-12 btc in the difficulty promos I ran for years to promote BTC.  Although Suchmoon did give me about 5 of the 12 coins to give away.  I used to use my signature to earn btc to give it away. I now do not have a signature actually a lot of Bitcointalk is people making $$ from signatures.

It was a very different game in the 2012-2016 era

After 2017 it was and is a large business.

[JayJuanGee]

Chopper update once again needed 

'

vroom.. dee bot... put ur chopper asap.. would be nice.  In udder wurds, wake dee fuck up.. you have no rights to sleep.. especially if new ATHs are being touched upon.      

Time for some FOMO to kick in?

With these images, are you trying to suggest that BTC is grandpa coin?   Your little diggs on bitcoin and your ongoing disgruntledness remains somewhat subliminal, no?

You really believe that there are better (technologically speaking) coins out there, but for some reason you fail/refuse to recognize and appreciate that bitcoin is NOT merely technology - its a paradigm shifting phenomenon that could completely ossify in its current state.. and still blow the fuck away the various material insignificant improvements that you are somewhat subliminally whining would make bitcoin "better".. in fact you better come up with something that is at least 10x better than bitcoin before you even have a chance of displacing a phenomenon whose time has come to disrupt the world and to transfer the wealth from the naysayers (whiners) to the believers and action takers (taking a stake in bitcoin).

[Biodom]

Anyhow, I am having some trouble relating to anyone who has known about bitcoin, and who had been into BTC for 7 years or so to actually have only in the neighborhood of 1 BTC.. even though I do understand that there might be ways of explaining it, it seems to not be a very good example of how to approach this asset class.

Being poor, being born into a shit situation/location, living paycheck to paycheck, and sometimes not even that..

That’s why I have been so adamant about NOT selling, because these lottery tickets are basically irreplaceable..
Were, even at sub 10k levels..

I’ve managed to get and hold onto more than one, but any pragmatic person in many of my past situations would have sold them all to keep up in real life, but I did not, and still will not..
I’m doing much better these days, but not everyone have disposable income for wild investments..



On another note, I bet half or more of DT1 on this forum can’t even sign a half a Bitcoin, much less one whole Bitcoin.. Many not even 1/4 or even 1/10th a coin..
How do you feel about most of the democratically elected community leadership on this forum (DT) don’t even have any skin in the game?

Especially the 3rd world althunter circle with +10 positive trust each in a circlejerk for “finding alts” and being obsessed with leaving red tags.. Most not even having 1/4mm sat to rub together..

Doesn’t seem like the most optimal situation to me..
What do you think?

A good analysis of life's travails.
DT1? You mean on bitcoin forum ? Sorry, i don't follow that DT thingie.

[gallianooo]

What time the COINBASE cotation ? still nothing on the NASDAQ..

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $63,090
It's time for $100k!!!

[Biodom]

What time the COINBASE cotation ? still nothing on the NASDAQ..

it is not trading yet.

[Parazyd]

Good afternoon WO!
Observing @ $63,090
It's time for $100k!!!

[BitcoinBunny]

I love waking up to a new ATH, these super pump years every four years gives me such a rush.
Too bad the coming year, with it's year long dump, will do the opposite, or will it?
I will try to sell the top-ish and park the money in stocks for the coming bear year, let's see if that can't give some kind of similar feeling, at least it will hopefully lessen the "down" feeling (if I pick the right stocks).
I'm thinking something stable and somewhat boring, like Ericson.

Don't worry, it's only for a year, then I'll be all in on bitcoin again, just parking my money to save it from the bear year.

Sounds risky to me.

Nah, even if the stonks should dump they probably won't dump as much as bitcoin traditionally does during the bear year.

You might be right. In that scenario however I think it will be alts that would face the biggest exists.
I mean, the Dogecoin rallies. Really? 

Because it is well backed by hard iron = ie lots of asics.

If you believe in satoshi that pow and decentralized structure is good  (ie BTC)  than the step to have some belief for LTC/Doge merge mined coins does exist.

Basically almost no coins other than BTC make sense but LTC/Doge do if you believe that pow and decentralized structure works.

I did not bring up the subject of an alt coin you did.

I was asked not to talk about alts in this thread a while back. So I simply ask you to do the same.


BTW I cash in Doge yesterday and today. I convert them into LTC.  I then sold some of the LTC in fiat and the rest into you guess it BTC.

Please do me a favor and do not talk about DOGE or LTC.  
If you mine Doge/LTC like I do it is a way to get discounted BTC that is why DOGE rallies.

Here is the math. 20x L3+ miners earn  61 usd a day in ltc and now 39 usd a day in Doge that is 100 usd a day.

they burn 336 kwatts to do it. so at 10 cent power 100-33.6 = 66.4 profit.

or I pay 33.6 cent on the dollar for that coin which I change into BTC

That means I buy btc at 21504 a coin. With 10 cent power

And I buy Btc at 10752 with 5 cent power.

That is why Doge rallies along with LTC

I will make you a deal and not defend doge it you do not talk about it here.

This is not about ego bro it is simply why DOGE whales along with LTC.

My understanding is/was most of these alts go up and down as day traders / whales are messing around on exchanges.

Not wanting to piss on anyone's parade -  mining or otherwise, especially here of the WO guys (well except Proudhon maybe - but within reason). If you can make money from mining LTC/Doge I hope it goes stratospheric.  

[Dabs]

If you can make money from mining LTC/Doge I hope it goes stratospheric.  

How about from "staking" or the equivalent in DeFi? hehe.. not shilling any particular one...

Good timing on Doge ... just went up again.

[proudhon]

Looks like the Coinbase IPO will be the ice burg that sinks the ship. Amiright? Down 1.5% (on the 3hr)

[BitcoinBunny]

Looks like the Coinbase IPO will be the ice burg that sinks the ship. Amiright? Down 1.5% (on the 3hr)

Down 1 or 2 per cent is like a lama farting in the wind. 

[Dabs]

Off topic: anyone into Essential Amino Acids? I just got recommended it by a friend, I've always thought just a bunch of Whey Protein would cover most of it. The theory being that the EAAs are more easily absorbed by the body, whereas protein may come in, but it also goes out.

Anyway, ordered a small bag to try it out.