Bitcoin Forum
August 13, 2022, 08:57:31 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

Pages: « 1 ... 29631 29632 29633 29634 29635 29636 29637 29638 29639 29640 29641 29642 29643 29644 29645 29646 29647 29648 29649 29650 29651 29652 29653 29654 29655 29656 29657 29658 29659 29660 29661 29662 29663 29664 29665 29666 29667 29668 29669 29670 29671 29672 29673 29674 29675 29676 29677 29678 29679 29680 [29681] 29682 29683 29684 29685 29686 29687 29688 29689 29690 29691 29692 29693 29694 29695 29696 29697 29698 29699 29700 29701 29702 29703 29704 29705 29706 29707 29708 29709 29710 29711 29712 29713 29714 29715 29716 29717 29718 29719 29720 29721 29722 29723 29724 29725 29726 29727 29728 29729 29730 29731 ... 31204 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25776193 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
proudhon
Legendary
*
Offline Offline

Activity: 2030
Merit: 1229



View Profile
October 19, 2021, 06:57:08 PM

euro next? old ATH 54203 Euro on bitstamp. just 600 euro away.

ATH just under 54200 € on Kraken.

It's happening tonight.

I don't see it

Oh look our bullish indicator has popped up!

hahahahaha

Proudhon confirms that if we might have doubts about our bitcoin investment, he surely is letting us know that we are in the right investment.. and causing no coiners to cry on a daily basis..

Just think about his bitcoin is a bubble song from early 2013.. in retrospect it seems like a no coiner crying song.. and sure his real message in there (especially looking at the end) shows bitcoin going to $1million but the bears crying the whole time... so surely proudhon is ongoingly representing/channeling that bear cry and the cry of the no coiner.. so it is quite entertaining to see the no coiner tears throughout that song... and to appreciate that at some point. the bears and the nocoiners should have figured out the matter, especially if they were to put together a song/video on the topic.

wink wink.. "hi proudhon, you lovely at least double-blind donkey."



1660381051
Hero Member
*
Offline Offline

Posts: 1660381051

View Profile Personal Message (Offline)

Ignore
1660381051
Reply with quote  #2

1660381051
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1660381051
Hero Member
*
Offline Offline

Posts: 1660381051

View Profile Personal Message (Offline)

Ignore
1660381051
Reply with quote  #2

1660381051
Report to moderator
1660381051
Hero Member
*
Offline Offline

Posts: 1660381051

View Profile Personal Message (Offline)

Ignore
1660381051
Reply with quote  #2

1660381051
Report to moderator
JayJuanGee
Legendary
*
Offline Offline

Activity: 3080
Merit: 6893


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
October 19, 2021, 07:00:46 PM


Whilst there is a delay in the action – a quick personal story…

The company I work(ed) for changed to a different retirement account custodian.  This change also caused us employees to lose our ability to select/trade stocks with our 401 and Roth funds.  Now ALL of your savings had to go into one of the custodial savings funds (made up of a basket of crappy stocks/bonds).
I had a nice nest egg that I have been saving for over 30 years in this program just waiting for the ETF and the chance to take my savings to the “next level”.    Of course I was anticipating this ETF from the day the Winkle boys first applied.   I did put a large portion of my savings into the Grayscale products and that was nice – for a short duration.
My company/custodian forced us to liquidate our brokerage selections and move into the pre-selected death spiral funds.   Of course this happened this summer when the dip occurred and I got wrecked with the move.
With the most certain bull run that was coming I really only had two choices.
1. withdraw all the retirement savings and pay the early penalty
2. quit the company – thus allowing the funds to be freed for a short stint while I shop for a new custodian (the IRS gives you 60 days to re-invest into a new qualified instrument).

I quit my job, took the retirement funds and am riding the wave for 60 days.  It has already paid for a couple years salary.  

Fingers crossed – breath held.
In the infamous words of the ESPN Ocho announcer Pepper Brooks  “It's a bold strategy, Cotton. Let's see if it pays off..”

You are correct that it is a risky... strategy.. and another option would have been to take a loan from your 401k or to invest into bitcoin in separate funds.. but sure, maybe your 401k loan limit is quite low and sure maybe you do not have enough separate funds to make any kind of meaningful and significant investment into bitcoin.. so it does seem that you have given a decent amount of assessment of the risks (maybe not enough of an assessment, but you do not seem to be flying blind).. which is about as much as anyone can hope for under such desperate (seemingly highway robbery-like circumstances).

By the way, EatonABooger if you have not already gotten back into BTC with your 401k funds, then where are you with that?  You can do self-directed, but that usually would have required setting something up in advance (before quitting your job) and then you can get the 401k funds and then invest them through your self-directed system... otherwise, if you are just riding out the 60-days then it appears that you are going to have to pay the penalty (10%-ish) (and perhaps the taxes) if you do not find a authorized new custodian, no?  Might be better to completely take the funds if BTC performs well enough, too... Maybe you got into BTC in the $40ks or $50ks with those retirement (401k) funds?
ChartBuddy
Legendary
*
Offline Offline

Activity: 1540
Merit: 1269


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
October 19, 2021, 07:01:24 PM


Explanation
BobLawblaw
Legendary
*
Offline Offline

Activity: 1302
Merit: 4409


Welcome to Costco. I love you.


View Profile
October 19, 2021, 07:12:41 PM

Dumb question:
So you mean i can rent a 40-bucks-per-month linux VM with 2TB hdd space at some random hoster, set up a full and lightning node over tor and i'm a node operator?
I only require to make $40 in fees (minimum) to finance the vm.

You could try?

Honestly not sure how to answer that. I'm doing a lot of active channel management on the node, on a daily basis.
serveria.com
Legendary
*
Offline Offline

Activity: 1610
Merit: 1029


Balls of steel. This time is different.


View Profile WWW
October 19, 2021, 07:23:09 PM

Closing in on ATH girls  Cool around 1k to go...
OutOfMemory
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1826


#BTCdramaQueen


View Profile
October 19, 2021, 07:24:12 PM
Merited by JayJuanGee (1)

Dumb question:
So you mean i can rent a 40-bucks-per-month linux VM with 2TB hdd space at some random hoster, set up a full and lightning node over tor and i'm a node operator?
I only require to make $40 in fees (minimum) to finance the vm.

You could try?

Honestly not sure how to answer that. I'm doing a lot of active channel management on the node, on a daily basis.

From what i've learned about these nodes is that you have to do a lot of active channel management to make it serve in a profitable way, among other things like practical understanding. It's not suitable for set-and-forget operation, imo.
Need to ask somewhere else on this forum for rented vm experiences. I just don't have the right infrastructure/isp to run a node privately at home 24/7, also i suffer from at least 3 power outages each year. The longest duration off grid was 9 hours. Neighbors, who are supplied by landlines coming from a different city were off grid for two full days when the power poles collapsed in a row after the cables were torn apart by a falling tree. It creates a kind of "pulling-force wave" in both directions from the breaking location.
bitcoinPsycho
Legendary
*
Offline Offline

Activity: 1848
Merit: 1258


$120000 by 2023 confirmed 🇺🇦


View Profile
October 19, 2021, 07:24:26 PM

Mbitr
Legendary
*
Online Online

Activity: 1302
Merit: 1115


Bitcoin needs you!


View Profile
October 19, 2021, 07:25:21 PM
Merited by El duderino_ (4), JayJuanGee (1)

HI-TEC99
Legendary
*
Offline Offline

Activity: 2408
Merit: 1681



View Profile
October 19, 2021, 07:31:32 PM
Merited by El duderino_ (4), JayJuanGee (1), Mbitr (1)

Hueristic
Legendary
*
Offline Offline

Activity: 3178
Merit: 3401


Doomed to see the future and unable to prevent it


View Profile
October 19, 2021, 07:37:16 PM
Merited by El duderino_ (3), JayJuanGee (2)

https://www.documentcloud.org/documents/21085729-ag-1359255-irs%5C_rule%5C_bank%5C_account%5C_reporting

Quote
We, the undersigned Attorneys General, write on behalf of our respective states regarding the current Internal Revenue Service (IRS) proposal that your administration is advocating, which would provide the federal government with access to nearly every American’s bank account and financial transaction information.1 As the chief legal officers of our states, we find this proposal wholly unacceptable and oppose any requirement of its kind. It is at best overly burdensome and at worst it is illegal. As such, we ask you to rescind this proposal immediately.

Quote
This proposal stands in direct opposition to privacy that Americans are entitled to and deserve. The Federal Government combing through almost every American’s bank account without cause, or even suspicion, is unacceptable, illegal and contrary to the well-founded constitutional principles against illegal searches and seizures.

Quote
The primary role of the government is to protect person and property, and it is our duty to protect the people of our states, which is why we oppose this reckless abuse of federal power. Americans are justifiably outraged by this policy and see it as illegal, intrusive, wholly unnecessary and costly.
OutOfMemory
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1826


#BTCdramaQueen


View Profile
October 19, 2021, 07:41:04 PM



The momentum is great. We needed to break $60k several times to stay on top of it before china got out. This time we just went through the magic number barrier in a matter of a few days and we're still rising.
Thrilled what will happen at/after breaking ATH...


*rocketgif*
EatonABooger
Member
**
Offline Offline

Activity: 147
Merit: 34


View Profile
October 19, 2021, 07:42:42 PM
Merited by vapourminer (4), JayJuanGee (1), Mbitr (1)


Whilst there is a delay in the action – a quick personal story…

The company I work(ed) for changed to a different retirement account custodian.  This change also caused us employees to lose our ability to select/trade stocks with our 401 and Roth funds.  Now ALL of your savings had to go into one of the custodial savings funds (made up of a basket of crappy stocks/bonds).
I had a nice nest egg that I have been saving for over 30 years in this program just waiting for the ETF and the chance to take my savings to the “next level”.    Of course I was anticipating this ETF from the day the Winkle boys first applied.   I did put a large portion of my savings into the Grayscale products and that was nice – for a short duration.
My company/custodian forced us to liquidate our brokerage selections and move into the pre-selected death spiral funds.   Of course this happened this summer when the dip occurred and I got wrecked with the move.
With the most certain bull run that was coming I really only had two choices.
1. withdraw all the retirement savings and pay the early penalty
2. quit the company – thus allowing the funds to be freed for a short stint while I shop for a new custodian (the IRS gives you 60 days to re-invest into a new qualified instrument).

I quit my job, took the retirement funds and am riding the wave for 60 days.  It has already paid for a couple years salary.  

Fingers crossed – breath held.
In the infamous words of the ESPN Ocho announcer Pepper Brooks  “It's a bold strategy, Cotton. Let's see if it pays off..”

You are correct that it is a risky... strategy.. and another option would have been to take a loan from your 401k or to invest into bitcoin in separate funds.. but sure, maybe your 401k loan limit is quite low and sure maybe you do not have enough separate funds to make any kind of meaningful and significant investment into bitcoin.. so it does seem that you have given a decent amount of assessment of the risks (maybe not enough of an assessment, but you do not seem to be flying blind).. which is about as much as anyone can hope for under such desperate (seemingly highway robbery-like circumstances).

By the way, EatonABooger if you have not already gotten back into BTC with your 401k funds, then where are you with that?  You can do self-directed, but that usually would have required setting something up in advance (before quitting your job) and then you can get the 401k funds and then invest them through your self-directed system... otherwise, if you are just riding out the 60-days then it appears that you are going to have to pay the penalty (10%-ish) (and perhaps the taxes) if you do not find a authorized new custodian, no?  Might be better to completely take the funds if BTC performs well enough, too... Maybe you got into BTC in the $40ks or $50ks with those retirement (401k) funds?

1. quit job   >>  check
2. take the 100% cash-out option (except for the 20% that the custodian is required to hold back for taxes - in case I do not roll back into a plan) >>  check
3. immediately invest into BTC / ETH  >> check
4. wait out the 60 days and let the market "hopefully" moon  >>  in process
5. cash out BTC/ETH and put the funds equivalent to those in step 2 back into a qualified retirement plan that allows brokerage options (letting me pick almost anything that is on the exchanges)
6. invest the retirement funds back into Greyscale and new ETF products
7. report back to nice folk at W.O. forum with results.
8. pick out party attire for the 100K hoot nanny

Note: yes, there will be taxes on short term gains
Note: yes, one could just bail on the plan and leave the funds in BTC / ETH depending on how the market behaves - will have to look at pro/con
JayJuanGee
Legendary
*
Offline Offline

Activity: 3080
Merit: 6893


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
October 19, 2021, 07:45:08 PM
Merited by Farmer Bill (1)

BTC futures ETF is now live; congratulations, guys! Though I don't hold any BTC right now, I'm still happy for this launch as BTC has played a critical role in making me the net worth that I have right now. Eternally grateful. Moreover, since all my friends here still have most of their exposure in BTC, I'm happy.

I'll get back in the game when it feels right, but right now? No way. Again, I'm not bearish on BTC, I'm actually bearish on every effing thing (stocks, crypto, commodities, etc.)

Congratulations again, yet another big day for BTC.

For sure, it is too bad that you have painted yourself into your own losing corner.. and that remains your choice, even though I understand that psychologically it is difficult to actually do the thing that would be more financially profitable.. and you likely even can recognize and appreciate what that is, even if you are too stubborn to actually act in a way that is quite likely to benefit you financially.

Again, even if you are not able to see and recognize it.. there is a quite likely noman's land region between $55k and $80k.. so in that sense there are pretty damned decent odds that we are pretty much going straight to $80k.. and sure maybe even to $100k.. and of course, nothing is guaranteed.. but not making any preparations for noman's land.. gives you pretty low chances of getting in much cheaper.. for this run through this zone or possible ever..  though of course, anything is possible... and we get corrections all the time.. just like we had corrections back down to $17k when we had entered noman's land between $17,250 and $23,500 in December 2020.. wait.. we did not have any opportunities to buy again in that price zone, right?  About the lowest that we have since been able to buy has been around $28,600.. so there goes those opportunities in the $17k to $24k even though theoretically they were possible at various points, they never materialized, even though the "theoretical" opportunities were there....

In other words, if we are truly a bitcoin bull, we should always be prepared for both UP and down... especially the UP part, because the UP part can sometimes play out quite viciously, even though we sometimes believe that we can enter upon future opportunties.. when king daddy goes into punishing mode, the future opportunities might never come.
BitcoinBunny
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1248



View Profile
October 19, 2021, 07:45:48 PM

El duderino_
Legendary
*
Offline Offline

Activity: 1862
Merit: 9088


Observing No-Coiners.


View Profile
October 19, 2021, 07:46:16 PM
Merited by julian071 (1)

euro next? old ATH 54203 Euro on bitstamp. just 600 euro away.

ATH just under 54200 € on Kraken.

It's happening tonight.

I don't see it

Look better
serveria.com
Legendary
*
Offline Offline

Activity: 1610
Merit: 1029


Balls of steel. This time is different.


View Profile WWW
October 19, 2021, 07:47:04 PM
Merited by JayJuanGee (1), keystroke (1)

3. immediately invest into BTC / ETH  >> check

OMG no please no...  Shocked  /shitcointalk  Cool
Hueristic
Legendary
*
Offline Offline

Activity: 3178
Merit: 3401


Doomed to see the future and unable to prevent it


View Profile
October 19, 2021, 07:50:09 PM
Merited by JayJuanGee (1)

^^^^--- Runs from the fallout!





Stupid board took so long to post the fiucking gif its down 4 posts.
HI-TEC99
Legendary
*
Offline Offline

Activity: 2408
Merit: 1681



View Profile
October 19, 2021, 07:59:34 PM
Last edit: October 19, 2021, 08:27:21 PM by HI-TEC99
Merited by Paashaas (1)

realsteelboy
Member
**
Offline Offline

Activity: 214
Merit: 21


View Profile
October 19, 2021, 08:00:31 PM

Most certainly gentlemen. What a time to be alive

 Grin
ChartBuddy
Legendary
*
Offline Offline

Activity: 1540
Merit: 1269


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
October 19, 2021, 08:01:23 PM


Explanation
Pages: « 1 ... 29631 29632 29633 29634 29635 29636 29637 29638 29639 29640 29641 29642 29643 29644 29645 29646 29647 29648 29649 29650 29651 29652 29653 29654 29655 29656 29657 29658 29659 29660 29661 29662 29663 29664 29665 29666 29667 29668 29669 29670 29671 29672 29673 29674 29675 29676 29677 29678 29679 29680 [29681] 29682 29683 29684 29685 29686 29687 29688 29689 29690 29691 29692 29693 29694 29695 29696 29697 29698 29699 29700 29701 29702 29703 29704 29705 29706 29707 29708 29709 29710 29711 29712 29713 29714 29715 29716 29717 29718 29719 29720 29721 29722 29723 29724 29725 29726 29727 29728 29729 29730 29731 ... 31204 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!