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

[hisslyness]

Morning!

So, I bought some BTC today for the first time since 2014.

I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.

Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this.
The plan is of course to repay the loan in full in December and do something fun with the profit.
I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.

So, as you can see the whole point is to make money without having to put in any of my own.

I did accept the offer to up the loan with 50 000, the money should be in my account on Monday, I will move it to another bank and do this buy from another broker, the brokers I use take about 10% commission, so my firs goal will be to reach break even.

Update on my loan experiment.
I have now reached break even.

10% commission? To buy Bitcoin?

[1713449762]

1713449762

[1713449762]

1713449762

[LoyceV]

The Fud on gold is fear of Asteroid mining.

Long term gold will be 10x to 100 more accessible than it is now.

The Earth's core is closer by:

there's enough gold in Earth's core to coat its surface in 1.5 feet of the stuff
~
Wood has calculated that 1.6 quadrillion tons of gold must lie in Earth's core.

Why else is Musk Bezos and Branson in space?

It's a pissing contest for rich tax avoiders.

[philipma1957]

Enlighten me: why has the gold price been dropping in the past year?

(image source)

From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position?

The Fud on gold is fear of Asteroid mining.

Long term gold will be 10x to 100 more accessible than it is now.

Why else is Musk Bezos and Branson in space?

I don't believe that is true, Musk and Bezos going to space to open a gold mine. Space mining for Rare Earth Metals and Minerials, will mean it is no longer rare and no longer valuable. I can see mining Rare Space Metals/Mineral (what every that would be, or could be... i think the periodic table has most elements discovered)

Nevertheless, i don't see space mining as a threat as the investment needed will never be recoup.

EDIT: Yes, there is massive amounts of GOLD in space... MASSIVE!!...

Long term (100+ years)  if the human race is to survive we will be mining gold and other metals.

It is possible to drop a large rock of gold onto the moon.  Since gravity is 1/6 that of earth and no friction to burn the rock of gold.

The key is if a magnetic  force field style elevator  moon to earth and earth to moon is buildable. Simple place a rock of gold in the steel case that magnetic force raises and lowers back and forth to the moon and earth.

Whether this is buildable I do not know.

But the logistics of getting asteroid gold to earth should be solved it it is possible.
Thus the idea that gold is a true long term storage of wealth is not as good as it was in say 2000 or 1990.

Study how aluminum dropped 95% or more once a method to refine it was found. We know are certain the asteroids are loaded with gold. Gold still is a great metal to do electrical work but it may end up being far far far more common than it is today.

If you are a long term company holding 10 billion $$ in gold and 0 $$  in BTC is starting to  look dumb.

[philipma1957]

The Fud on gold is fear of Asteroid mining.

Long term gold will be 10x to 100 more accessible than it is now.

The Earth's core is closer by:

there's enough gold in Earth's core to coat its surface in 1.5 feet of the stuff
~
Wood has calculated that 1.6 quadrillion tons of gold must lie in Earth's core.

Why else is Musk Bezos and Branson in space?

It's a pissing contest for rich tax avoiders.

Except the core may not be so stable to tap.

[gembitz]

LOOK AT HER GOOOOOOOOOOOOOOOO 60K CLOSEEE    WE MOONING WEEEEEEEEE

[ChartBuddy]

Explanation

[BitcoinBunny]

Worries about inflation is mentioned in the UK tabloids quite a bit these days. The media are also making things worse by encouraging panic buying.




Some tabloids / news outlets (note most of what you read is written by content writers and NOT journalists) are talking about potential interest rate rises in the UK.
I don't see how it would help since Joe Biden is printing more dollars than his son is able to snort coke from a whore's asscrack.
That (since the dollar the reserve currency for so many countries), the price of oil, lack of gas supplies in western Europe will have more to do with things than anything else. Though the UK's lack of getting cheapskate / slave workers coming over from the EU probably does affect us also.
Plus the "pandemic".
Lack of availability of semi conductors (or at least political issues with China / Taiwan).


Not mentioned in the graph, most of the British based whores increased their prices by about 10% from what I can gather.

At least I have protected myself by investing in BTC and using condoms.

[Fatman3001]

[cygan]

this can't be a coincidence anymore, can it?


https://twitter.com/TechDev_52/status/1447576603530305543

[goldkingcoiner]

LOOK AT HER GOOOOOOOOOOOOOOOO 60K CLOSEEE    WE MOONING WEEEEEEEEE

Hodl your horses there, skippy. Proudhons math says we will drop to 20k in the next hour!

[Torque]

#Bitcoin is a bank in cyberspace run by incorruptible software.

https://twitter.com/michael_saylor/status/1447259796365844481

[Fatman3001]

#Bitcoin is a bank in cyberspace run by incorruptible software.

https://twitter.com/michael_saylor/status/1447259796365844481

fingers crossed

[xhomerx10]

Worries about inflation is mentioned in the UK tabloids quite a bit these days. The media are also making things worse by encouraging panic buying.




Some tabloids / news outlets (note most of what you read is written by content writers and NOT journalists) are talking about potential interest rate rises in the UK.
I don't see how it would help since Joe Biden is printing more dollars than his son is able to snort coke from a whore's asscrack.
That (since the dollar the reserve currency for so many countries), the price of oil, lack of gas supplies in western Europe will have more to do with things than anything else. Though the UK's lack of getting cheapskate / slave workers coming over from the EU probably does affect us also.
Plus the "pandemic".
Lack of availability of semi conductors (or at least political issues with China / Taiwan).


Not mentioned in the graph, most of the British based whores increased their prices by about 10% from what I can gather.

At least I have protected myself by investing in BTC and using condoms.

 I'm not surprised.

  Bitcoin price Oct 11, 2020   US$11,371.0
  Bitcoin price Oct 11, 2021   US$57,274.6
   +$US45,903.6

 Beats the hell out of a second hand Ford Focus... or even a first hand Ford Focus with a full tank of petrol.

[ChartBuddy]

Explanation

[Paashaas]

Google partners with Bitcoin and crypto marketplace Bakkt.

Today Bakkt, a Bitcoin and crypto marketplace and custodian, announced a partnership with Google to extend the “reach and usability of digital assets to meet rapidly evolving consumer demand.”

Bakkt users will now be able to add their virtual Visa Debit cards into Google Pay to purchase goods and services in-store and online, wherever Google Pay is accepted. Bitcoin payments will be converted into fiat to make these purchases.

[LFC_Bitcoin]

Evening bulls, when 60k?

[marcus_of_augustus]

Google partners with Bitcoin and crypto marketplace Bakkt.

Today Bakkt, a Bitcoin and crypto marketplace and custodian, announced a partnership with Google to extend the “reach and usability of digital assets to meet rapidly evolving consumer demand.”

Bakkt users will now be able to add their virtual Visa Debit cards into Google Pay to purchase goods and services in-store and online, wherever Google Pay is accepted. Bitcoin payments will be converted into fiat to make these purchases.

... this seems big

... I wouldn't trust Google not to datarape it's google pay users but if you don't mind trading privacy for convenience, which many don't apparently, then this has potential to drastically expand btc usage

[suchmoon]

Has the Queen banned the use of percentages, or is there some sort of lizard conspiracy to make this chart extremely dumb and useless?

[Farmer Bill]

Evening bulls, when 60k?

Laughter is the best medicine

I'm still laughing my socks off at that cartoon.

[Torque]

Morning!

So, I bought some BTC today for the first time since 2014.

I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.

Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this.
The plan is of course to repay the loan in full in December and do something fun with the profit.
I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.

So, as you can see the whole point is to make money without having to put in any of my own.

I did accept the offer to up the loan with 50 000, the money should be in my account on Monday, I will move it to another bank and do this buy from another broker, the brokers I use take about 10% commission, so my firs goal will be to reach break even.

Update on my loan experiment.
I have now reached break even.

I took a 0% interest for 18 months loan in 2020 for $10k, bought bitcoin with it.

Sold some ~$9k of btc earlier this year to pay off the loan when bitcoin hit $48k/btc, and kept the rest in btc.

#stillwinning