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

[Richy_T]

The problem with this line of reasoning is that the most intuitive solution is: All means of production, not only labor, should be in the hands of the laborers. That's communism, or some variation thereof.

Yes, doesn't really pass the litmus test of slavery which is the inability to walk away (unless one considers being subject to natural processes like thermodynamics and gravity to be slavery). Also most people put the "collar" around their own neck

Personally, I could live in the house I own and grow and kill my own food to my own benefit but I'd still have to stump up $ in taxes so if there's any slavery, it's right there.

[1714770778]

1714770778

[1714770778]

1714770778

[ChartBuddy]

Explanation

[JayJuanGee]

a nice round of scrabble on sunday would have something now


https://twitter.com/Vizique/status/1448285978582474755

I can't see the word HODL anywhere on the board. Tsk, tsk.

Of course a distracting shitcoin variation of scrabble.. and seems to create the impression that bitcoin is just one of many other cryptos.. blah blah blah.. nonsense..

Mark Cuban somehow received a new asshole last night, in the form of a forced space-time gravitational anomaly on Twitter, created by the mass of people exposed to his retard takes on Spaces about Bitcoin.

Dude is NGMI.

Link or it did not happen.

 

As long as 60k hold the move will be only to go up. Target is new all time high, it's not hard to see this.

It's either November, December or January, Take your time ₿.

We are not really in a "take your time" zone, even though anything can happen.

60.5-61k is the new….

It's nothing..

It is not too likely that we are going to be hanging out here for very long... but sure, anything could happen..

$60k is like $18k... Do you remember hanging out at $18k very much?  Sure we passed through there a few times, but we did not hang out there very much..

Again, anything could happen, but $60k-ish seems like a pretty big nothing burger to me.. at least tentatively speaking.

Zoom out dude!!!!!!!!!

Don't get distracted by short-term stuckenings and believing that there is some kind of meaning of significance contained therein... when there likely is little to no significance.

On the other hand, if we are still hanging out in these upper $50ks to lower $60ks in the coming month, then may well have to reassess the situation.... yet until then, let's not get short-term noise side-tracked.

60.5-61k is the new….

Consolidation, I'd say.

As long as 60k hold the move will be only to go up. Target is new all time high, it's not hard to see this.

It's either November, December or January, Take your time ₿.

Indeed…. Though January is a little far from here perhaps

WTF? I'm thinking next week.

Yeah... a week or two more likely.. even though for sure anything can happen..

The next few days are critical..^tm as Ognasty already said in a couple of his recent posts that by this Tuesday has decent chances.. at least when considering the new ATH and 6 digits likely to follow soon thereafter, and sure that might be a bit too bullish too, but seems like a decent scenario to continue to have UPpity pressures... ongoingly.

I wonder what happened to proudhon and his funny posts. May be he is verifying his math and science:

Ehi! I have an open bet with him! Please don’t make him disappear!

<…>
So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

I will venture to say that the above quoted post does not represent an open bet... and I remember proudhon posting that at around the time that it happened.

Essentially, that is an offer from proudhon to give you $10k worth of bitcoin if bitcoin ever reaches $170k... and I am pretty sure that he is good for it, even though he otherwise comes off as a trolling dweeb.

For some reason, he must like you...   hahahahahaha   #nohomo.

[Torque]

I think that you don't get the idea: instead of selling bitcoin and PAYING up to 50% in taxes, you get cash that you need now. Then, for example 3 years later (of course you borrow somewhere close to the peak price) when bitcoin is at ATH, you can use a FRACTION of bitcoin that you borrowed against to close your loan. Taking a loan would be having the necessary chunk of cash now, but effectively selling bitcoin at a price of 3 years LATER.

At LTV of 25% the interest is 1%. You can't get a loan like this when you buy a house, at least in US.

I am not planning to either sell or take a loan at the moment, but this "method" surely beats selling and paying a HUGE amounts of tax.
All rich do this. How do you think Musk had billions to invest in Space X (he borrowed heavily against Tesla stock to the tune of billions)?

TL;DR Want to pay lotta tax, sell; don't want to pay tax (lawfully), take a loan.

EDIT: you can also use a part of the loan to reinvest in bitcoin options, if you are super bullish or bearish and leverage your position.

Which specific service are you talking about? Inquiring minds want to know.

[OgNasty]

We seem to have hit a weekend patch of profit taking, which was to be expected.  I think once the sellers are exhausted and the buyers are back in the office on Monday, we'll see a reversal.  At the moment I'm thinking that Tuesday will be the day we break to a new all time high and set off for the next resistance point (if there is one).  It would be a bit of a disappointment if this rally failed to produce new highs, and I don't think the big boys would let that happen.  This could very well be the last stop before the six figure destination of this train. 

Dunno what you are seeing, but you are wrong.    

The volumes are too low to matter.

I see pump. Imminent PUMP !!!               

Still seeing a weekend pump? Cooler heads prevail friend. We all want the price to go up but you have to watch the market and listen to what it’s trying to tell you. There are ebbs and flows to this. It isn’t a straight ride to $200K. The leveraged longs make sure of it. We gotta keep liquidating them so no Johnny come latelys get rich overnight with dumb bets.

[El duderino_]

A little game, I’m very curious someone remembers this as well and knows who I’m talking about, my post can be a bit wrong but in bigger lines this is what he was saying kind of.



A remember a post …… written a looong time ago by a member of the WO-thread, a frequent poster, one I not always could say rather he’s a long term believer bull or not….

I do remember the post where he said somewhere half way last bearmarket

This time in a year from now, a lot of WO members will not be active in here anymore or with BTC etc (probably cause he thought we where going way lower as we did and stay there for a long period etc)

I think he suggested a future where BTC was at higher prices like now, but 10-15 years from that post or something…

Pretty typical speculation coming from a bitcoin naysayer (and sure a no coiner).. sounds like someone as extreme as Joinovi.. but off the top of my head, I cannot remember the specific member who said that.... but yeah.. not a bad idea to keep track of some of the dweebs and their all knowing statements that tend to come out as nearly the opposite of correct... hahahahaha.. happens quite a bit in these here parts.. and not even as if any of us know what is going to happen, but some of us seem to be quite a bit more correct than others... at least in terms of attempting to prepare for UP, in case bitcoin might catch on.

Naaaah Majormax …..

I don’t know…. But haven’t seen him a lot in the WO anymore as well….

[JayJuanGee]

Forcing someone to work for you isn't allowed, but paying someone to work for money so he doesn't starve is totally accepted.

This reminds me of this :



Working 9-5 day job with the same boring routine and for others to make them rich just to get a part of it with all the burden is for sure most distrubing form of modern slavery.We thought slavery was past concept but the system never removed it but just developed new ways of it which still many don't understand.

Are you proclaiming that Marx was right? 

In essence, the extraction of the surplus value of labor ends up going to the property owners in the event that the lumpen proletariat masses are not able to garner up enough resources to protest and to overturn the exploitative classes and get their jack booted thug boots off of the necks of the working class plebs.

A little game, I’m very curious someone remembers this as well and knows who I’m talking about, my post can be a bit wrong but in bigger lines this is what he was saying kind of.



A remember a post …… written a looong time ago by a member of the WO-thread, a frequent poster, one I not always could say rather he’s a long term believer bull or not….

I do remember the post where he said somewhere half way last bearmarket

This time in a year from now, a lot of WO members will not be active in here anymore or with BTC etc (probably cause he thought we where going way lower as we did and stay there for a long period etc)

I think he suggested a future where BTC was at higher prices like now, but 10-15 years from that post or something…

Pretty typical speculation coming from a bitcoin naysayer (and sure a no coiner).. sounds like someone as extreme as Joinovi.. but off the top of my head, I cannot remember the specific member who said that.... but yeah.. not a bad idea to keep track of some of the dweebs and their all knowing statements that tend to come out as nearly the opposite of correct... hahahahaha.. happens quite a bit in these here parts.. and not even as if any of us know what is going to happen, but some of us seem to be quite a bit more correct than others... at least in terms of attempting to prepare for UP, in case bitcoin might catch on.

Naaaah Majormax …..

I don’t know…. But haven’t seen him a lot in the WO anymore as well….

I don't know.. Majormax was frequently suggesting that we need to prepare for down before UP, but saying that he believed that the long term was generally UP.. or at least that is my impression.. so he did not come off as being as extremely negative in the long term as the kind of person that you were describing.  He frequently was trying to assert that guys needed to continue to prepare for down before up.. .because we tend to be our own worse enemies in terms of expecting bitcoin to go straight up without major price corrections along the way...

and sure in the end he was too bearish...

I do recall that at the bottom of the 2018 correction and even into early 2019, he was proclaiming that we were not going to see $10k again for 1-2 years and other overly bearish baloney like that.. and he ended up being wrong as soon as May 2019...... but did not stop him from continuing to post his concerns about down before up.. and yeah maybe he was the one that you were remembering...

And, yeah he has not been around as much, and surely he seemed to be inclined to come out at times that the BTC price was dropping and saying I told you so.. blah blah blah..

[BitcoinBunny]

Celsius sounds too good to be true with their massive return on stable coins, almost 9%.
That is a better return than you'd probably get with renting out properties.

It may be fine for everyone at the moment, but I'd certainly would never transfer a large part of my bag to them.
Who knows what type of attacks the central banks and associated protective bodies will mount in the next 5-10 years.
They can't take down Bitcoin but they can certainly go after big companies who are promising people the world and are a threat to their buddy bankers like Jamie Dimon and his cronies.
If these f*ckers think Celsius is in the way of their big existing buddy banks being custodians of people's BTC (which I think is where things are headed) because they got into the game late, I'm not sure Celsius will be left alone and could be a big rug pull for people's BTC. I hope not. Just my cautious opinion.

To put it this way: I think Bitcoin will outlive Celsius.

[ChartBuddy]

Explanation

[Hueristic]

Naaaah Majormax …..

I don’t know…. But haven’t seen him a lot in the WO anymore as well….

I remember him, he went AWOL before that Micgoossen dude disappeared.

Time flies!

[serveria.com]

Is a shitcoiner considered a nocoiner?

I'm trying to save myself from something dumb I may have said.

It wasn't dumb IMO. The speaker being an important, famous guy in the cryptocurrency world doesn't make him less of a nocoiner if he holds no btc. Even further, if hypothetically someone held, say, 100$ of shitcoins and 0.5$ of corn, I would stretch the term a bit and call them shit-nocoiners. On the contrary, someone holding 100$ of btc and 0.5 of shitcoins could be called a no-shit coiner.

Can a doge investor like savetherainforest guy be considered a dogshit-coiner? 

[El duderino_]

Another Sunday,
Bitcoin is doing its thing….
Fake out possible.

[OutOfMemory]

Is a shitcoiner considered a nocoiner?

I'm trying to save myself from something dumb I may have said.

It wasn't dumb IMO. The speaker being an important, famous guy in the cryptocurrency world doesn't make him less of a nocoiner if he holds no btc. Even further, if hypothetically someone held, say, 100$ of shitcoins and 0.5$ of corn, I would stretch the term a bit and call them shit-nocoiners. On the contrary, someone holding 100$ of btc and 0.5 of shitcoins could be called a no-shit coiner.

Can a doge investor like savetherainforest guy be considered a dogshit-coiner? 

See what you did?
You scared him, now he's dumping his last Bitcoin to go all-in on Doge 

[Biodom]

I think that you don't get the idea: instead of selling bitcoin and PAYING up to 50% in taxes, you get cash that you need now. Then, for example 3 years later (of course you borrow somewhere close to the peak price) when bitcoin is at ATH, you can use a FRACTION of bitcoin that you borrowed against to close your loan. Taking a loan would be having the necessary chunk of cash now, but effectively selling bitcoin at a price of 3 years LATER.

At LTV of 25% the interest is 1%. You can't get a loan like this when you buy a house, at least in US.

I am not planning to either sell or take a loan at the moment, but this "method" surely beats selling and paying a HUGE amounts of tax.
All rich do this. How do you think Musk had billions to invest in Space X (he borrowed heavily against Tesla stock to the tune of billions)?

TL;DR Want to pay lotta tax, sell; don't want to pay tax (lawfully), take a loan.

EDIT: you can also use a part of the loan to reinvest in bitcoin options, if you are super bullish or bearish and leverage your position.

Which specific service are you talking about? Inquiring minds want to know.

Celsius (not promoting them as i just did the research, but did not place any loans with them yet).

LedgerX is the place in US where you can sell essentially covered calls against your btc.
Advantage: you also get cash now for a HIGHER bitcoin price sell, essentially. You place a covered call at 75K, get some cash (did not look lately, but should be at least $10K for later timelines).
If bitcoin gets to above 75K, this means that you sold your btc at 75K+current premium (10K in my example)=85K (beats 61K peeps were selling for this week).
If bitcoin does not get to 75K, then option expires and you may get your bitcoin back or sell the option AGAIN.

[Biodom]

We are talking about the lake property correct?

Jimbo is the lake owner. We have a couple fishing ponds and cattle watering holes on the ranch, but nothing approaching a description of a lake.

When I say 10 years away, that's us moving out there and abandoning our suburban home altogether - Having all the subsistence infrastructure being well established and running by then.

Probably going to spend 4 days at the ranch, and 3 days in the city for a little bit, and see how that works out. Realistically, it won't be until early spring until the barn/home goes up at end of Phase 1 construction.

Phase 2 construction is for our main home, solar arrays, greenhouses, and my studio building.

Phase 3 has not properly come into focus yet, but likely to involve buying up more land, building a citadel 1000ft high, and doing a geological project on a heretofore unforeseen scale, to build a proper lava moat surrounding the citadel.

Hopefully end of 2025-ish

EDIT: No problems with data, electrical, or water service where we are building. Robust, new infrastructure in place.

Well, THIS would stand even in the troubled times...food supply ensured, electricity too, and high elevation for tactical advantage  
My wife wants a lake and my son recently told me that his dream home is a ranch. I am absolutely NO rancher myself, but a serene lake sounds appealing.
The only thing about a ranch...you can mine there as much as you want, no neighbor complains. I am missing mining in person a bit and my current host is closing by next summer.
What to do? Sometimes i think that when i retire, mining would be something to put some energy into, but in the city warehouses (to rent or own) are darned expensive.

[savetherainforest]

Oh gawd... you are amazing.. if you do not say so ur lil selfie.  

I know u guys love bitcoin. But it's flawed. U can't love math, it's just math. It's like loving a rock. Or those rock NFT jpgs.

[ChartBuddy]

Explanation

[El duderino_]

[El duderino_]

[JayJuanGee]

Oh gawd... you are amazing.. if you do not say so ur lil selfie.  

I know u guys love bitcoin. But it's flawed. U can't love math, it's just math. It's like loving a rock. Or those rock NFT jpgs.

Might we label it as ironic that you have been participating in this thread for so long, but you seem to have learned absolutely nothing... you don't even seem to understand bitcoin basics beyond recognizing that somehow maths are involved... go figure?

So in essence, you are amazing in your own right, as I already mentioned to be spewing out the same kinds of uninformed baloney-pieces that you were spewing out a few years ago... the only difference is that you failed/refused to strategically place CAPITALS and all bold in inopportune locations to emphasize the most unimportant pieces of your largely incoherent nonsense.