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

[lightfoot]

Well, I get your irony, but to straighten the facts even further...it is 1mil if you don't divorce, half (0.5mil) if you do.
If one to limit themselves to 400-500K/year-that's a VERY good living, but you ain't buying a respectable lake or a ranch with this kind of money IF you pay cash.
I agree with Elwar, though, the easiest path would be to wait a little (2-5 years) and then simply borrow against btc. No cap gains ensue.

True. If one with wealth does the (ha ha) borrow trick then as long as the interest payment is <800,000 a year you're set. That's a good 20 million house, I guess you could live in one of those. Maybe. But you do have to do upkeep, which runs into the classic trap of "mo money, mo problems".

Bob's ranch will be cool and will also require a fair bit of annual $$$ to run. So you have to figure that in as well. Same thing with a Lambo, they're cheap and all but you need to do a lot of maintenance which pretty much requires buying an Italian or two to take care of it :-)

Life is full o' problems.

[gembitz]

1OOK gogog+ WEEEEEEEEEEE

[lightfoot]

Close but not quite. 47.8k on Stamp

[ChartBuddy]

Explanation

[suchmoon]

don't even understand what Bitcoin is

Please tell us that Bitcoin is not money.

[Toxic2040]

I don't see a problem. I'm just reporting the conclusions of perfect mathematical and scientific analysis and modeling using confirmed sources.

Wow, proudhon, you really suck at math.  

[OgNasty]

Yes. 1BTC is still 1BTC. inferior currencies are much less interesting.

I often see people make this claim but it simply is not true.  If that were the case then taxes would certainly be easier, but it isn't.  $1=$1 but 1 BTC does not equal 1 BTC, at least in the eyes of the law.  It's all fun and games to pretend that Bitcoin is it's own thing, but it isn't.  I feel like people with this attitude are LARPing as Bitcoiners, but actually have no idea what they're doing, don't pay taxes, and likely don't even understand what Bitcoin is.  I'd love to see the face of someone's accountant when they utter the phrase, "1 BTC is 1 BTC" as that is the sort of stupidity that people tell stories about to their friends over a beer and a laugh.

I always saw "1 BTC is 1 BTC" as some sort of hopeful saying. If the world decided to abandon fiat and accept crypto then 1 BTC would indeed become 1 BTC, as the value of BTC would be itself. Or perhaps all of crypto would be smaller parts of the bigger true currency and Bitcoin would be a part of that.

Nope.  1 BTC is almost never 1 BTC in the sense it is used.  Nearly all BTC purchased by retail users these days have a different cost basis and therefore different tax liabilities making them have different values to those that hold them.  Still, it's fun to pretend that 1 BTC equals 1 BTC, especially when you're trying to get ignorant people to pay massively inflated crypto prices for goods using past crypto prices as a basis for current valuation which seems to be extremely popular around here.  

[JayJuanGee]

1000$, invested 10 years ago in various assets:



Those who claim that it is better to invest in gold than in bitcoin will be especially pleasantly surprised.

Even though I did send you a merit, I do believe that it is a bit unfair to pick 10 years as an investment timeline, and probably something like 8 years would be a more fair representation..

Just noticed that I passed 3k activity. It's been a long grind.

Merit is easy. Activity takes time.  

Posts take time, too....

hahahahaha

I smelled the scent of a burning, outdated currency. What happens when a dollar burns? It becomes a Bitcoin  

How's your short going PMcoiner?

 

bottie-bot does not have a time machine to see what I did in 2014-2015, so it is trying to provoke a response with numbers.
Sowwy, I am NOT a sharing type.   #nohomo

Yeah, but dee botsie-bot already does noews enuff... to establish dat u b in dee whiney curmudgeon categories rather than in dee active ongoing BTC investor one... so in udder wurds, u be half as richie as you could have been if uie-pooie had not been so whimpy and whiney.

 

 

[goldkingcoiner]

How's your short going PMcoiner?

 

What short? Im hodling.

Yes. 1BTC is still 1BTC. inferior currencies are much less interesting.

I often see people make this claim but it simply is not true.  If that were the case then taxes would certainly be easier, but it isn't.  $1=$1 but 1 BTC does not equal 1 BTC, at least in the eyes of the law.  It's all fun and games to pretend that Bitcoin is it's own thing, but it isn't.  I feel like people with this attitude are LARPing as Bitcoiners, but actually have no idea what they're doing, don't pay taxes, and likely don't even understand what Bitcoin is.  I'd love to see the face of someone's accountant when they utter the phrase, "1 BTC is 1 BTC" as that is the sort of stupidity that people tell stories about to their friends over a beer and a laugh.

I always saw "1 BTC is 1 BTC" as some sort of hopeful saying. If the world decided to abandon fiat and accept crypto then 1 BTC would indeed become 1 BTC, as the value of BTC would be itself. Or perhaps all of crypto would be smaller parts of the bigger true currency and Bitcoin would be a part of that.

Nope.  1 BTC is almost never 1 BTC in the sense it is used.  Nearly all BTC purchased by retail users these days have a different cost basis and therefore different tax liabilities making them have different values to those that hold them.  Still, it's fun to pretend that 1 BTC equals 1 BTC, especially when you're trying to get ignorant people to pay massively inflated crypto prices for goods using past crypto prices as a basis for current valuation which seems to be extremely popular around here.  

Kind of like how much buying power 1 USD has in first world countries compared to third world countries? Then 1 USD isn't 1 USD either

[Richy_T]

I often see people make this claim but it simply is not true.  If that were the case then taxes would certainly be easier, but it isn't.  $1=$1 but 1 BTC does not equal 1 BTC, at least in the eyes of the law.  It's all fun and games to pretend that Bitcoin is it's own thing, but it isn't.  I feel like people with this attitude are LARPing as Bitcoiners, but actually have no idea what they're doing, don't pay taxes, and likely don't even understand what Bitcoin is.  I'd love to see the face of someone's accountant when they utter the phrase, "1 BTC is 1 BTC" as that is the sort of stupidity that people tell stories about to their friends over a beer and a laugh.

Now, see, I feel like people who don't have this attitude are LARPing as Bitcoiners, have no idea what they're doing and likely don't even understand what Bitcoin is.

[OgNasty]

1000$, invested 10 years ago in various assets:



Those who claim that it is better to invest in gold than in bitcoin will be especially pleasantly surprised.

Very interesting image.  Thanks for posting as it shows just how even the best of investment opportunities in the world appears to be trash next to Bitcoin!  It made me do a little calculating and see what the value of $1,000 would be if it were invested in the NastyMining IPO back in June of 2012.  The result, $1,000 invested in NastyMining would be worth $20,136.36 today.  Additionally, you would have received $1,331,098.23 in BTC distributions at their current value.  That makes a current total of $1,351,234.59 gained from a $1,000 investment in NastyMining (now NastyFans.org) in less than a decade if you never sold or spent your distributions.

Even with turning $1,000 into $1,351,234.59 over the last decade, there are still users who complain and have even left me negative trust for speaking this factual information.  Let that be a lesson to you...  Don't judge your success by what you hear from the peanut gallery.  The more amazing your accomplishments, the more hate you will receive from those watching from the sidelines.  That's just how miserable people react to the success of others.

That BTC return in a decade is amazing no doubt.

EDIT: Oops, this data doesn't include the BTC distributions that went out before GLBSE was closed...  I'll have to locate that and update this post as the real return will be significantly higher with that data included.

[Toxic2040]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

Still floating at 47k-48K

since diff is about  15.55 vs all 23.1 when coins were 63k

the math is:

23.1/15.55 = 1.4855


and 1.4855 x 47.5 = 70.5k

So the earnings a miner does now would be like mining a 70.56k coin back in April 2021

So while we are yet to hit 70K as a miner I am earning the equivalent of 70k+

Yeah 2021 this time it is different has a bit more truth  as each day passes.

Oh next  diff is due in 13-14 days and we are at  +4.07% which is fine with me

if we stay at this rise diff will be 16.18. far lower then the 23.1 it was when coins were 63k.

[d_eddie]

re:weekend

the 1h and 4h are fairly ambiguous

the 2h and 3h add some more possible insight

see where these option end at today I suppose

looks pretty flat to me but could flare up at any moment

dyor

2h


3h

stronghands

Your sorcery with lines seems to be working, sir. Flare it did.

[suchmoon]

That makes a current total of $1,351,234.59 gained from a $1,000 investment in NastyMining (now NastyFans.org) in less than a decade if you never sold or spent your distributions.

Nice attempt at gaslighting, you spamming little shit.

Here are the facts. You collected bitcoins for an investment, and you repaid fewer bitcoins. Despite the obvious loss, you claimed 100%+ ROI in dollar value, even though you never collected dollars. Now you're taking this even further and assigning today's dollar value to bitcoins that you repaid, and original (2012) dollar value to bitcoins that you didn't repay, to further embellish your imaginary profit.

But hey, some people in this thread believe in lizard conspiracy so your spam might work. Good luck.

[ChartBuddy]

Explanation

[BobLawblaw]

I’ll happily walk people through the math that don’t believe these are facts.

I come back to Bitcointalk for a day and see this bullshit?

Go fuck yourself dude.

[goldkingcoiner]

That makes a current total of $1,351,234.59 gained from a $1,000 investment in NastyMining (now NastyFans.org) in less than a decade if you never sold or spent your distributions.

Nice attempt at gaslighting, you spamming little shit.

Here are the facts. You collected bitcoins for an investment, and you repaid fewer bitcoins. Despite the obvious loss, you claimed 100%+ ROI in dollar value, even though you never collected dollars. Now you're taking this even further and assigning today's dollar value to bitcoins that you repaid, and original (2012) dollar value to bitcoins that you didn't repay, to further embellish your imaginary profit.

But hey, some people in this thread believe in lizard conspiracy so your spam might work. Good luck.

Oh wow he really did that? What a dickhead. I thought he sounded like a bullshitter.