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

[Cryptotourist]

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.

Point granted.
But I want to be my own bank.

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 don’t want a loan, thank you very much. My keys - my BTC.

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.

Sorry, I’m not “all rich”, I’m the new kind of rich.

How do you think Musk had billions to invest in Space X (he borrowed heavily against Tesla stock to the tune of billions)?

By shilling for shitcoins?
Musk is a verified attack vector on BTC.

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

You don’t have to, if you don’t want to. Lawfully, in another country. Oh Pandora!

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.

I guess you missed my haiku.
When most BTC is owned by banks or custody's - giving in return whatever - it will have the same fate as gold. Heavily suppressed.

Let’s not do that, shall we?
BTC stands for power to the people.

Below is a post of mine that was deleted in another thread for being "off-topic," so I am reposting it here... because it would not be off-topic in these here parts.. and I believe it is an important point in regards to what some members might consider to be influencing (or threats to) bitcoin's current UPpity price pressures.

Nice one J. #nofomo

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[shahzadafzal]

[Cryptotourist]

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.

Apparently it is you - who is seriously flawed.
Loving the soundest currency humanity has ever seen, cannot be compared to a “rock”. Or NFT’s, but it is comparable to math though.
Gotta love the math!

But I did learn something. I learned to evolve. Bitcoin has a limited shelf life, and you don't seem to get that. I advise you to not put your faith too much on it after 2030. That's like the D day for BTCitcoin. (maybe even earlier)

How about - news flash - BTC evolves too!

Try to not get sidetracked into other realities. Observe your own!    

Said the shitcoin holder.

Dude, you used to be a good poster. Whatever credibility you had is evaporating very quickly.
What the hell happened to you? I assume you’ve been consumed by bitterness & are suffering from being blinded by shitcoins or something.

Elementary dear Watson: _ U _ _ O _ _ _ _

I'm actually trying to help people from around here to observe the truth.

The truth and yourself, have parted a long time ago boyo.

[ChartBuddy]

Explanation

[heslo]

In 2013 Michael Saylor said "Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling". He changed his mind? Or just a good poker player telling us Bitcoin is future and at the end will hammer Bitcoin once he got out?

People can change their mind when faced with evidence contrary to their original thoughts; that's a sign of strength

[somac.]

Sellers doing everything possible to keep price down before what will probably be the week we break ATH and move to the 70k region.

[nutildah]

In 2013 Michael Saylor said "Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling". He changed his mind? Or just a good poker player telling us Bitcoin is future and at the end will hammer Bitcoin once he got out?

C'mon, clearly he'll say whatever helps make his investors more money. That's all he's ever done.

[ChartBuddy]

Explanation

[ivomm]

We've come so close today - $ATH-3.4%, €ATH-0.5%. May be we are hours away from a new €ATH.

[AlcoHoDL]

We've come so close today - $ATH-3.4%, €ATH-0.5%. May be we are hours away from a new €ATH.

I concur.

[bucciarati]

We've come so close today - $ATH-3.4%, €ATH-0.5%. May be we are hours away from a new €ATH.

i think the thing is not about btc surpassing previous ath (that is a fact in my opinion, and could very well be today or tomorrow) but how will play price discovery after that ..

don't go too emotional in next two months !

[ChartBuddy]

Explanation

[ivomm]

Shitcoiners when asked what their shitcoin is used for.

https://twitter.com/Excellion/status/1450004754587861013

[psycodad]

Meanwhile in an alternate universe, the doggie meme coin is pumping like crazy while corn goes sideways.

A lot of severly dehydrated geezers out there it seems.. I have no other explanation for that

[BitcoinBunny]

Meanwhile in an alternate universe, the doggie meme coin is pumping like crazy while corn goes sideways.

A lot of severly dehydrated geezers out there it seems.. I have no other explanation for that

"Investing" in Doge is just as stupid as "investing" $11.8 million into a single Cryptopunk NFT and hoping an even bigger idiot comes along later to buy it from you.

They both have no use or are any good at maintaining value because of inflation. (With Doge the number of tokens, with NFT the sheer infinite amount of possibilities in colour pixels in a matrix and change the size of that matrix whenever you feel like it).

If you can create & sell them or temporarily trade them then good luck to you, but eventually someone will be left holding something totally useless that will most likely never trade at the same you bought it again when the hype is over.

It's actually good that there are so many "competitors" to Bitcoin because they immediately show why these will fail and why Bitcoin will succeed:
The competitors are not rare and are for 99% of them not decentralised. Even that last 1% is not certain since many competitors do not get attacked (yet) and no one has even been interested in forking them simply because they have no value. No one cares.

[ChartBuddy]

Explanation

[eddie13]

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.

Hey, hold on a minute Jay,  AWOL wo bro Yogi Jbreher never strategically "placed CAPITALS and bolded locations" (Well he might have occasionally, but whatever...) and your lil selfie didn't bitch at him for not doing that.
I will acknowledge, however, you surely bitched about various other objectionable big block thingenings he indulged in and discussed on this here thread. Perhaps... perhaps??

This response is to Save the RF.. not jbreher.. so I am not sure about what connection that you are making.

I may seem bitter or wtf u say there, but I don't rly care much about anything. I eat cookies, chocolate, drink coffee and play video games all day long. (Keto cookies & chocolate and all organic ofc...  ... maybe I'l share my youtube channel with you guys one day... teach you 'poor folk' some cooking skills )    

I believe that I saw one of your cookbooks.

Gotta love those little flash crashes.

Especially if you have PTSD after 8 years of Bitcoin holding

The last 8 years have been pretty damned good.. I must admit.. even if there were some stressful periods in there too.. but if you had been erroring in on the side of HODLing, as you say, UnDerDoG81.. cannot really complain about the last 8 years.

Just think .. a mere $10 per week of buying for the past 8 years would have gotten  you nearly 5 bitcoin and nearly $300k in value.. just gotta be erroring on the side of HODLing or accumulating, as you say UnDerDoG81.

Would you consider that $10 a week investment a decent success?
Or did he still fail?

[heslo]

https://twitter.com/BitcoinMagazine/status/1450058727680364548

BREAKING: ProShares to launch #Bitcoin futures ETF on New York Stock Exchange tomorrow – NY Times

[ChartBuddy]

Explanation

[savetherainforest]

I may seem bitter or wtf u say there, but I don't rly care much about anything. I eat cookies, chocolate, drink coffee and play video games all day long. (Keto cookies & chocolate and all organic ofc...  ... maybe I'l share my youtube channel with you guys one day... teach you 'poor folk' some cooking skills )    

I believe that I saw one of your cookbooks.

I know the cure for corona.... and probably even aids or cancer. Just with foods.