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

[OROBTC]

...

Moar consolidation in the Bitcoin industry.  LibertyX is that company that struck a deal with CVS and 7-Eleven to allow buying BTC for cash.  I wrote positively about buying BTC from them at a local CVS some months ago.  They are apparently the largest BTM operator as well.  Link:

https://bitcoinmagazine.com/business/ncr-acquires-bitcoin-atm-provider-libertyx

I have no idea what this might mean for BTC price speculation though..

[1714008112]

1714008112

[1714008112]

1714008112

[1714008112]

1714008112

[1714008112]

1714008112

[1714008112]

1714008112

[Macadonian]

...

Moar consolidation in the Bitcoin industry.  LibertyX is that company that struck a deal with CVS and 7-Eleven to allow buying BTC for cash.  I wrote positively about buying BTC from them at a local CVS some months ago.  They are apparently the largest BTM operator as well.  Link:

https://bitcoinmagazine.com/business/ncr-acquires-bitcoin-atm-provider-libertyx

I have no idea what this might mean for BTC price speculation though..

Probably will not affect the price of BTC that much if anything at all but it is positive news for sure.

[serveria.com]

The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.

When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks   oh how i love to see JayJuanGee merit it since he was the biggest advocate for it

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.

Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

That's what happens when you spend your entire wage on hookers & blow....  

[Macadonian]

The future we are anticipating some years ahead from now like bitcoin would be mainstream and used by all like mode of payment maybe coming soon than we expect it to be.

When local residents will be willing to take Bitcoin payments then nobody can stop it to further rise and intially this was main aim that it could be used as alternate to fiat.I see this coming true soon and hope to see some more posters on the wall in my area also.

Lol not too long ago, EVERYONE here was saying. We do not need the Small People in here(BTC)... We only need the Rich Folks   oh how i love to see JayJuanGee merit it since he was the biggest advocate for it

Time has proven me Wise, Again and again.

Huh?  What has a no coiner like you said that was correct, exactly?

Have you coordinated your actions with your supposed words?

Have you bought any BTC since your supposedly losing BTC in GOX in early 2014?  or you just ongoingly begging and failing to actually act to actually buy some BTC, even if you might ONLY be able to afford $10 per week?

Even ONLY a year of buying BTC at $10 per week would have put you in a better place than merely ongoingly whining as a no coiner... You would have had $530 invested which would be 0.02364BTC - current $945 value.. - about a 79% return in one year. it's a start, and better than nothing... You gotta do what you gotta do, and in bitcoin it seems that it is better to do something beyond just whine.

Of course, 7 years of $10 per week would have put you in even a better position of having had invested $3,660, but having nearly 4 BTC and $166,451 of value - about a 44.5x return over 7 years...

So for sure the earlier you get started the better, and just stick with some kind of plan, even if a modest one and down the road you have decent chances being in a better place, even if positive returns are not guaranteed, bitcoin still does seem to be amongst the best (if not the best) of investments to make, even currently and even considering upside potential versus downside risk.

Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

That's what happens when you spend your entire wage on hookers & blow....  

A good investment

[eXPHorizon]

That's what happens when you spend your entire wage on hookers & blow....  

Nah that aint me, i did try Cocaine once tho. But i seen how it Turned my friends into Toilet going maniacs lol i instantly quit and told them this aint for you and me boys. Sucks to be me huh

BUT, i can tell you 1000% that there are individuals in here with us who have no problem with it

I am in this situation exacly because of them, i lost all my Fortune because of the Cocaine Addicts.

Coding isnt hard if you are tought about it at a certain age.. It is all about being told how to do it. Without that.. i doubt there would be any Cocaine Coders



HEY IT IS YOUR FAULT FOR BRINGING IT UP

[ChartBuddy]

Explanation

[eXPHorizon]

Dear bitcoin minimalists please use this ramp

As the aged skater, i'd quickly shred down this ramp instead of trying to jump the stairs or slide the handrail and probably break some bones 

I know what you mean, Some see a Steep fall, WE SEE ADRENALINE

[Macadonian]

I am watching house of cards again I forgot that they mention Bitcoin a couple of times during the show pleasant surprise.

[JayJuanGee]

I encourage all of you out there to stop and smell the roses.

Life is so much more than Money...

Spoken like a real no coiner...

 

*SNIP

So many questions.

Nothing wrong with having questions.. gotta expect that not everyone has time or abilities to study BTC 24/7, so this remains a place for brainstormening.. .. but sure in the end, you are responsible to formulate your own opinions and strategies in response to the information that you have or believe that you have.

Good luck... hopefully you have been buying BTC all along (probably DCAing is designed for guys like you), which would likely mean that you picked up some coins in the lower $30ks.. right?  We were there for a decent amount of time over the past nearly 2.5 months, so far (again, not sure if we might be returning to potentially pick up some more if you have not already done so..).

That I have.

Part of the magic of DCA remains the quasi-blindness of it.  You are not blind to the overall concept of fundamentals, but you can be blind mostly blind regarding the short term price direction, and still end up profiting quite stupendously 5-10 years or even longer down the road... so if you cannot afford $50 per week, then cut down to something that you can afford, such $10 per week or even a smaller amount..

Of course, there can some advantage in maintaining some degree of investment aggressiveness, but do what you can do.. .. not just referring to Kylapoiss, here.

"People joke that Bitcoin isn’t really a trading strategy, it’s an exit strategy. What we want to hold is a form of non-sovereign store of value forever [...] I took a survey: the average Twitter user thinks it’s going to last 3500 years. Nobody’s in a hurry with Bitcoin. We’re thinking that it’s the future of property."

The average twitter user is either a bot or an idiot depending how you measure it.

I am kind of agreeing with you Richie on this particular point.. and it causes Saylor to appear weird to be asserting such nonsense, even if it were true.. just like his claim that BTC appreciates 200% (or even if he is just saying 100%) per year, that is nearly pure ludicrous to invest into BTC based on such specific expectations.....

On the other hand, I do agree with his overall view about bitcoin being a long term play.. and also his overall perception that bitcoin is going to go up forever, Laura.. but there might be some decently long periods of downity between some of the periods of UPpity.

[Toxic2040]

the noon wall report at 1:37pm

sharp declines start the week off for bitcoin with the price currently trading at $38.8k

1h



4h

#stronghands


some news of the last week

https://www.cnbc.com/2021/08/02/crypto-news-senates-infrastructure-bill-proposal-record-nft-trading.html

only a few i thought of note

1. Amazon denies report that it plans to accept bitcoin as payment

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon,” an Amazon spokesperson told CNBC.

good..we dont need bezoscoin either

4. Crypto industry critiques infrastructure bill

If passed, the provision would define a “broker” as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.”

the 'trading on behalf' is the key..hodler unaffected

[ChartBuddy]

Explanation

[Richy_T]

On the other hand, I do agree with his overall view about bitcoin being a long term play.. and also his overall perception that bitcoin is going to go up forever, Laura.. but there might be some decently long periods of downity between some of the periods of UPpity.

Yes. Though I lean more towards an s-curve. I just think anyone that gives any weight to twitter is making a mistake.

[JayJuanGee]

Deep but true, when you check out the exotic cars surrounding the loser 🤷

Except it's probably the opposite, hodlers are likely driving cheap clunkers.

Exactly... A true HoDLer would never waste her precious BTC on a depreciating pile of metal parts.

Well, once he gets one or two magnitudes higher than fuck you status there might be a wee bit of a different game going on in terms of whether the HODLer feels that he can sell his bitcoin as fast as they appreciate in value...

Otherwise I agree that a certain level of cushion may well be necessary to achieve first (before starting to overly consume).... ..

If you think about it, reaching two magnitudes is pretty damned high, .. so for example, if entry-level fuck you status is $2 million, then two magnitudes would be $200 million.. ..  

Of course, there might be some need to spread the one order of magnitude and then the two orders of magnitude over a couple of cycles, rather than over one cycle.  In 2013, there were two orders of magnitude of value appreciation over one cycle but then a correction back down that made it more than one order of magnitude, and in 2017, there was close to two orders of magnitude, but not quite and of course a correction back down to make it really one order of magnitude.  Then so far in this cycle, we could argue that we are teetering on one order of magnitude.. if we take approximately $4,200 in April 2019 as our jumping off point. My point then becomes that the orders of magnitude may well need to be measured over a couple of cycles, but at some point fuck you status might clearly be reached and then at another point if there are a couple of magnitudes above fuck you status, there is a lot of cushion (aka excess value causing some of the frugality to be potentially tempered).

Getting back to $2 million fuck you status starting out point, then two orders of magnitude to $200 million is a whole hell of a lot of extra cash (value) that can be used beyond personal goals without really even coming close to putting a dent in the cushion that exists in terms of the personal goals, even if the personal goal of fuck you status was subsequently doubled (to $4million) or quadrupled ($8 million)..  

There might be other cushions that exist too, in terms of measuring the actual value of the portfolio such as measuring wealth from the 208-week moving average or from the 104-week moving average that causes even more justification (cushion) to not have any need to compare if the t-bones were to cost $7 per pound, $16 per pound or $100 per pound... and maybe just buy because there is a desire to eat of t-bones... and food has moved from 10% of the monthly budget down to less than .1%, so if there are expenses that cause that portion of the budget to go to 1%, then that still is less than the amount (such as 10%)  previously spent.

Similar could be happening with lodging.. It can be like holy fuck to look at some of the costs of lodging, depending on location, but if the level of wealth went up a couple of magnitudes, then paying way more might not sting as badly... so let's say lodging used to cost $3k per month, but whether renting or upgrading, there could be some changes, and sure, those people already locked into an arrangement might not suffer very high differences in prices in the beginning, but if the rents went up double or triple, then sooner or later the landlord will be raising rents, and there also might be some realization that the property values are up too.. so maybe the rent becomes $10k or more per month, but if the value of wealth went up from $2 million to $200 million, there might be an ability to shake that water off of the duckies back. .. and even to over-consume housing property (rentals or purchases).

Same would be true with transportation.. regular car, luxury car, or even a highly-depreciating luxury car with little utility beyond status or symbolic.

I am not even suggesting that there would be no cognizance of a budget, but just suggesting that the cushion becomes so great that there is just a lot of excess.. and sure my 0.21BTC-ish is not really exactly what I am referring to - but still.

[edited out]

Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

Of course you did not.  That may well mean that you did not have $10 per week for the past 7 years either..

sucks to be you.

Maybe you would have needed to reduce your amount to $1 per week then? Poor lil fella... who happens to contradict his lil selfie..

Cannot figure out how to garner up $1 per day or $1 per week, then you probably are going to have to have fun staying poor.

Hard to believe your plea of poverty statements that contradict prior statements, even though for sure you have been begging (with incredulity) for a decently-long time.

[eXPHorizon]

You can Clearly see Jays Personality, he has 1000+ BTC and is harrasing a person with no money and quite enjoying in it. Imagine people, you harrasing a person who helped you build up your Fortune. Very Clever and fulfilling aint it ? Thats why he is doing this, he cant help him self but to spread only hate and misery. This is his only rule in life


This just shows what kind of a person he is.

[ChartBuddy]

Explanation

[AlcoHoDL]

You can Clearly see Jays Personality, he has 1000+ BTC and is harrasing a person with no money and quite enjoying in it. Imagine people, you harrasing a person who helped you build up your Fortune. Very Clever and fulfilling aint it ? Thats why he is doing this, he cant help him self but to spread only hate and misery. This is his only rule in life

This just shows what kind of a person he is.

Wasn't it YOU that was asking for 3 BTC via PMs? Who is harassing who here? And why should anyone give 3 of his/her hard-earned BTC (or even 3 shits) to you? And what exactly have you done to help WOers build their fortunes? This sounds like Cryptonian-Bozo-The-Clown talking.

I think you live in cloud cuckoo land... Snap out of it while you still can (if you still can).

[eXPHorizon]

I hope you guys are seeing what i am seeing. That is all i have to say and that is all is needed to be said.

[philipma1957]

I hope you guys are seeing what i am seeing. That is all i have to say and that is all is needed to be said.

Yeah I see you refusing to dca day after day.

[Hhampuz]

I hope you guys are seeing what i am seeing. That is all i have to say and that is all is needed to be said.

Brotherman, just apply yourself and do something useful with your time rather than wasting it. Jealousy is a bitch and it won't get you anywhere in life, believe you me. JJG (if he has 1000's of coins, i dont care either way) can afford to just sit around and talk shit (not a jab at JJG, I quite enjoy your walls from time to time  ). You always have to start somewhere, as does everyone else. Time could likely be the only thing more valuable than BTC at this point so USE IT WELL!

That's all, hope y'all are having a good Monday.

[JayJuanGee]

[edited out]

Juan, no i do not have 10 $ at the end of the Month to spend on Bitcoin.

That's what happens when you spend your entire wage on hookers & blow....  

Wait a minute, serveria... don't tell me that I have been trying to work with this loser, aka eXPHorizon, and he just has no ability for self-control.

Deferred gratification is a thing in bitcoinlandia, but there can be some ability to live much moar better once establishing a decent base of value and BTC holdings.

I have always been of the theory that life style can be increased as wealth goes up, so probably in the earliest years of BTC accumulation there is the most need to live frugally, but if the goal is to get to $2million, there can be increases in living it up as the portfolio becomes more valuable.  Something like this:

Less than $10k - pretty extreme frugality

$10k-$20k - continued but lesser frugality

$20k -$100k - somewhat frugality

$100k-$250k - overall prudence

$250k-$750k - prudence and buying extra nice things from time to time

$750k-$2million - no problems treating yourself regularly

$2 million - $4 million - (comfortably in fuck you status) stay within your budget, but you don't have to work anymore and there should be a considerable amount of an ability to relax because you should know your budget from having had gotten here

$4 million plus - (double and more of fuck you status) you could likely double your life style.. but it is up to you because you are pretty comfortably in fuck you status.

I know this description is a bit lame.. but just attempting to address the idea that the splurging comes later and increases with greater levels of wealth and thinking that reaching FU status would be a decent part of the goal.

That's what happens when you spend your entire wage on hookers & blow....  

I am in this situation exacly because of them, i lost all my Fortune because of the Cocaine Addicts.

You are responsible for your own situation. Of course, each of us start with limitations, so I am not going to blame you for having 100x less than other guys, but I am going to blame you for failing and refusing to take prudent measures to help yourself.. such as something modest enough as investing into bitcoin at $10 per week.

You can Clearly see Jays Personality, he has 1000+ BTC and is harrasing a person with no money and quite enjoying in it.

I clearly said aspire to 0.21 BTC first, and work your way up.  Clearly I am inspiring kind of guy, and you are a horse/donkey who will not drink dee water - you dumb horse/donkey.

In the olden days we used to aspire towards 21 BTC, then later we began to aspire towards 10 BTC and then later 2.1 BTC and then 1 BTC and now 0.21 BTC.. These are starting point aspirations, and you gotta do what you are able to do.

In terms of your being a no coiner, you are fair game for anyone to tell you that you are a lost puppy (mixed metaphor, but that's fine especially with a no coiner who don't know nuttin).

Imagine people, you harrasing a person who helped you build up your Fortune.

If you are referring to ur lil selfie as "helpful" you better be more specific because the evidence remains quite contrary to your assertions.

Very Clever and fulfilling aint it ?

Well, yes.  If no coiners do not either learn how to get their shit together, then they might as well be denigrated and told to fuck off because they are not contributing.  The evidence seems quite overwhelming that you fit such a category, and I am quite surprised that forum admins allow you to hang out with us, because the evidence (your own behaviors) show that you are a disingenuine dweeb who fails and refuses to help his lil selfie and therefore is likely setting the worst of examples, not even counting your begging part and your other earlier lame attempts to shill scams.

Thats why he is doing this, he cant help him self but to spread only hate and misery.

Only dweebs like ur lil selfie deserve such rath.  You fail and refuse to take any actions or set any good example... hard to even find any value in that...beyond showing what not to do.. and that is not very helpful in the whole scheme of things because we already have plenty of those kinds of examples in this here world of ours.

This is his only rule in life

You are exaggerating.  I have other rules in life, too.

This just shows what kind of a person he is.

You are talking about my avatar, right?  Not my IRL, right?

Not that your opinion matters.. but perhaps if you were to clarify, you might start to appreciate why your continuing as a no coiner causes inabilities to relate to forum members (including regulars on this thread) and also showing your own lack of credibility or good judgement whether referring to your stance regarding BTC or some other topic such as what avatars on the forum are like or might be like.