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

[xhomerx10]

I like to read this thread in a British accent so it's as if I'm watching Coronation Street.

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[Biodom]

I like to read this thread in a British accent so it's as if I'm watching Coronation Street.

....aristocrats, lol.

[suchmoon]

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...

I have no way to prove it but I'm guessing that this 100xFU group is very very small and most ideologically-dedicated hodlers are probably in the < 1.0 FU territory and they didn't get there by blowing money on lambos and iphones unless they started with a 10+ FU inheritance.

From my own experience, when I was poor AF I was driving a beamer that I couldn't afford, and now that I'm... less poor I'm driving a cheap shitbox that gets me from A to B and I couldn't care less if it's not cool. I do believe there is a correlation.

[ChartBuddy]

Explanation

[Biodom]

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...

I have no way to prove it but I'm guessing that this 100xFU group is very very small and most ideologically-dedicated hodlers are probably in the < 1.0 FU territory and they didn't get there by blowing money on lambos and iphones unless they started with a 10+ FU inheritance.

there are probably only about 500 people or so with 100XFU in bitcoin, maybe even less now due to wealth evaporation.
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95

From my own experience, when I was poor AF I was driving a beamer that I couldn't afford, and now that I'm... less poor I'm driving a cheap shitbox that gets me from A to B and I couldn't care less if it's not cool. I do believe there is a correlation.

I am of the opposite opinion...at $200mil (5000 btc) you might choose what pleases you and if it is a lambo (or something smaller), then you would be driving it.
A matter of individual choice. It could be a lambo AND shitbox (on alternative days), lol. The 'shitty' looking car could even be like a Dom's Charger (with 900hp). Just for luls.

[Toxic2040]

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 $1k - Too frugal to pay attention

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.

$40 million plus - (double and more of pretty comfortably in fuck you status)out of the fuck you status and beginning fuck me? fuck you! status

$400 million plus -(double and more of fuck me? fuck you! status)out of fuck me? fuck you! status and beginning you are all fucked! 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.

added a few needed descriptors i thought for science

even better perhaps we can convert this into something we can all relate to in these here parts...so to speak

anyway..bitstamp price around time of posting


Less than 0.02539BTC - Too frugal to pay attention

Less than 0.2539BTC - pretty extreme frugality

0.2539BTC-0.5083BTC - continued but lesser frugality

0.5083BTC -2.542BTC - somewhat frugality

2.542BTC-6.360BTC - overall prudence

6.360BTC-19.06BTC - prudence and buying extra nice things from time to time

19.06BTC-50.83BTC - no problems treating yourself regularly

50.83BTC - 101.6BTC - (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

101.6BTC 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.

1,015BTC plus - (double and more of pretty comfortably in fuck you status)out of the fuck you status and beginning fuck me? fuck you! status

10,150BTC plus -(double and more of fuck me? fuck you! status)out of fuck me? fuck you! status and beginning you are all fucked! status


probably need to attach some krill to whale status to each of those as well...a new whale chart eh?

what was i doing..

[gembitz]

39k weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[ChartBuddy]

Explanation

[Victorycoin]

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

Honestly said same think with @JayJuanGee agree time to time maked nice moment in bitcoin world, All things considered you have a lot of experience with Bitcoin and a lot of skills that you have acquired. We can give very few details about bitcoin but here you have presented bitcoin in great detail from which you can get a lot of good ideas. On the other hand, since you are constantly sharing your experience we can hope that in the future we will be able to learn a lot from him.

[sirazimuth]

.....

gembitz is active again, is that a good or bad sign?

Rather than being either good or bad, it's probably a wee sign.

.....

that made me chuckle, jay, then I almost weed.

no wait...actually I grow weed....

....Alfred farted with such force .....

This stopped my scanning in its trax and made me read the whole post....

.....

Any sm post always stops me scanning...

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Dude seriously... get rid of that that "need 3 btc... urgently" nonsense in your avatar.
Its not doing you any favors.
If I had 10,000 btc to my name, I would not give you a single sat. And I'm pretty sure no one else would either in this thread.
Quit begging.

[Toxic2040]

..oh yea..charts

moar consolidation

#dyor

1h



4h



D

#stronghands

[philipma1957]

.....

gembitz is active again, is that a good or bad sign?

Rather than being either good or bad, it's probably a wee sign.

.....

that made me chuckle, jay, then I almost weed.

no wait...actually I grow weed....

....Alfred farted with such force .....

This stopped my scanning in its trax and made me read the whole post....

.....

Any sm post always stops me scanning...

.....

Dude seriously... get rid of that that "need 3 btc... urgently" nonsense in your avatar.
Its not doing you any favors.
If I had 10,000 btc to my name, I would not give you a single sat. And I'm pretty sure no one else would either in this thread.
Quit begging.

I have considered point 0.01 btc at ck solo pool on a rental.

and giving him eXPHorizon 0.0625 btc if the block hits.

but he would still most likely bitch and moan that I made 6.10 btc off him if I hit the block.

[JayJuanGee]

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...

I have no way to prove it but I'm guessing that this 100xFU group is very very small and most ideologically-dedicated hodlers are probably in the < 1.0 FU territory and they didn't get there by blowing money on lambos and iphones unless they started with a 10+ FU inheritance.

You may well have a valid point that I am exaggerating the ease upon which to get to both fuck you status and also to 100x fuck you status, after having had reached fuck you status...

I may just have to say "uncle" on this one, but let me give one more shot to an explanation.

Both of us likely realize that bitcoin does provide a vehicle of both getting to fuck you status and also to 100x fuck you status in theory, but likely also acknowledge that a lot of mistakes can be made along the way.

There is NOT exactly any objective fuck you status, but the concept of getting to a place in which you would be able to live off of the withdrawal of the income of 4% per year, so the latest working-point presumption is that $2 million would serve as enough to get to entry-level fuck you status, which would be $6,666 of passive income per month. 

Let's just be conservative and suggest that the 52-week moving average is our base BTC price, and currently the 52-week moving average is at $32,700...  So entry-level fuck you status would be 61.162 BTC, and 100x fuck you status would be 6,116.2 BTC.

O.k.   Sure.. it would be a pretty rare bird of bitcoiner to both accumulate and to hang onto 6,116.2 BTC, but 10x or more of fuck you status at 611.62 BTC would not be very far out of reach, right?

I think that I will just back off this one for now, even though I do believe that I was making a fairly decent point regarding that a person could get very far above fuck you status and not give great considerations to spending once getting several times above fuck you status, and sure 100x is neither necessary, but also probably not as easy as I was making it out to seem.. but instead actually getting to regular fuck you status of $61.162 BTC and several times above fuck you status has surely been reachable and would likely have similar effects as a matter of kind even if not in degree.

In other words, I am not conceding that getting to regular fuck you status is necessarily difficult, and it should be coming down reasonably well in the coming years, whether this cycle or the next one.

From my own experience, when I was poor AF I was driving a beamer that I couldn't afford, and now that I'm... less poor I'm driving a cheap shitbox that gets me from A to B and I couldn't care less if it's not cool. I do believe there is a correlation.

I am not necessarily going to go along with this, but I do agree that there are quite a few people (and probably a majority as you seem to suggest) who do over consume in depreciating products and end up stifling their ability to even rise to the level of fuck you status.  So sure the one who ends up getting ahead later in life do probably have a decent amount of conservatism in their youthful spending, and maybe they are also disinclined to be flashy in their consumption, even at latter times, but I do believe that peeps can learn to become more flashy in later years based on having had built greater levels of excess wealth.

[xhomerx10]

I found a way to make a quick 2 bucks for nothing with the promise of another 5 if you fill out the Nielsen's ratings survey.  Watch your mailbox eXPHorizon!  Maybe you can also wait for your neighbours to get their mail and offer to get rid of their junk mail for them.   You pocket the 2 bucks and put the rest in the recycle bin.  Easy money.

https://lifehacker.com/dont-toss-out-the-cash-hiding-in-your-junk-mail-1847397294

[Hueristic]

I found a way to make a quick 2 bucks for nothing with the promise of another 5 if you fill out the Nielsen's ratings survey.  Watch your mailbox eXPHorizon!  Maybe you can also wait for your neighbours to get their mail and offer to get rid of their junk mail for them.   You pocket the 2 bucks and put the rest in the recycle bin.  Easy money.

https://lifehacker.com/dont-toss-out-the-cash-hiding-in-your-junk-mail-1847397294

Hah, just remembered I got a letter from them with a dollar bill in it and a letter asking for me to do the one page survey in the envelope a few years ago.

[ChartBuddy]

Explanation

[xhomerx10]

The first new car I bought was brand new; I was young and foolish and took a loan for the full amount.  It wasn't a high-end car by any means but it did have a nice engine in it for my price range.  Within 6 weeks, an older guy in an unfamiliar neighbourhood blew through a yield sign and t-boned me.  I didn't buy another new car for 30 years.  My favourite along the way was an old Toyota Tercel hatchback.  I picked it up for $1800 certified from a private seller.  I had to eventually duct tape around the rear window because one of the rear tail lights kept filling up with water and the furthest I could drive it before the CV joints seized was about 50 km depending on the weather.  A friend's wife tried to set me up with a co-worker and while I hated that sort of thing, I was in a good mood when the woman called me so I said, "Let's go for dinner tonight!" and she said, "I already made dinner..." so I asked, "What are you having?" and she said, "Kraft Dinner".  So I told her to throw it out and I'd pick her up in 15 minutes.  While we were on the way to dinner she said, "Do you feel safe driving this car?"  Yep... that car saved me a lot of money.  A lot of money.

[xhomerx10]

I found a way to make a quick 2 bucks for nothing with the promise of another 5 if you fill out the Nielsen's ratings survey.  Watch your mailbox eXPHorizon!  Maybe you can also wait for your neighbours to get their mail and offer to get rid of their junk mail for them.   You pocket the 2 bucks and put the rest in the recycle bin.  Easy money.

https://lifehacker.com/dont-toss-out-the-cash-hiding-in-your-junk-mail-1847397294

Hah, just remembered I got a letter from them with a dollar bill in it and a letter asking for me to do the one page survey in the envelope a few years ago.

 They taped a toonie to my letter.  It was pretty heavy on one side so I was really curious what the heck was in this letter.  I kept the money and shredded the rest... I don't even listen to local radio.

[Hueristic]

They taped a toonie to my letter.  It was pretty heavy on one side so I was really curious what the heck was in this letter.  I kept the money and shredded the rest... I don't even listen to local radio.

HAH, I wouldn't fill out a form for a Toonie either!!

had to google what it was

[xhomerx10]

They taped a toonie to my letter.  It was pretty heavy on one side so I was really curious what the heck was in this letter.  I kept the money and shredded the rest... I don't even listen to local radio.

HAH, I wouldn't fill out a form for a Toonie either!!

had to google what it was

 At first, I was on the fence as to whether it was worth opening the envelope for $2 but then I found out it was toonie Tuesday at KFC and it was also National Fried Chicken Day (not an actual stat holiday if anyone was wondering) so it was like the planets had aligned to get me a tasty chicken sandwich just for opening the envelope.