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

[AlcoHoDL]

InvestAnswers just said something I've been thinking about for a while.

Although paying off my mortgage is something I could do with the BTC gains he pointed out if you borrow against 2-3% it's really (almost) free money considering the massive inflation rate.
Michael Saylor has been talking about the near zero business loans also.
At least mortgages for individuals are still low, unlike ridiculous credit card rates.

Furthermore I believe BTC will go much higher.
A $1 million BTC and even $10 million BTC in the next 5-10-15 years will not surprise me. Well before my mortgage ends anyway.

Also, these free interest loans on furniture etc make sense since you will really pay less over the entire period rather than in 1 chunk today, again due to inflation.

For you, yes paying on a low interest mortgage while letting your bitcoin ride is probably the way to go for now.

But keep in mind, that you may still want to pay if off earlier than 30 years.

Here's why: Most people don't anticipate ever getting laid off (even once, much several times) and don't believe ageism is even a thing.

You really think that you'll stay employed for 30 years solidly straight with enough income (adjusted for insane inflation) to keep paying that mortgage every month/year and still have enough income left over to survive? You think that you'll be payed the same or more at 60 yrs of age, than you were making at 30? Think again. The time of 30 year careers is over. More like 15 at best, and then you have a career crisis.

Exactly. That's why I have a rule: Never ever get loans. Want a better car? Save money, invest in Bitcoin, whatever, until you can afford to pay the full amount. Want a better house and can't buy it? Stay at your current house until you can afford the better one. I don't want to have to pay back some bank for decades and being forever tied to them. The only loan I would consider getting is to buy a house if I didn't own a house. Fortunately I own my house. It's not the most luxurious house, but it's mine, and I don't owe anyone anything.

...and Bitcoin can greatly help do the above!

[1714792293]

1714792293

[1714792293]

1714792293

[eddie13]

What's up everybody. King Bitcoin is treating us well I see.

Still almost 100 percent net worth invested exclusively in our lord and savior and loving it. Plenty of time to diversify in the grave.

1040 days into the Bull Market and all is well.  

Ha ha, same..

I didn’t do it on purpose though..

[eddie13]

InvestAnswers just said something I've been thinking about for a while.

Although paying off my mortgage is something I could do with the BTC gains he pointed out if you borrow against 2-3% it's really (almost) free money considering the massive inflation rate.
Michael Saylor has been talking about the near zero business loans also.
At least mortgages for individuals are still low, unlike ridiculous credit card rates.

Furthermore I believe BTC will go much higher.
A $1 million BTC and even $10 million BTC in the next 5-10-15 years will not surprise me. Well before my mortgage ends anyway.

Also, these free interest loans on furniture etc make sense since you will really pay less over the entire period rather than in 1 chunk today, again due to inflation.

For you, yes paying on a low interest mortgage while letting your bitcoin ride is probably the way to go for now.

But keep in mind, that you may still want to pay if off earlier than 30 years.

Here's why: Most people don't anticipate ever getting laid off (even once, much several times) and don't believe ageism is even a thing.

You really think that you'll stay employed for 30 years solidly straight with enough income (adjusted for insane inflation) to keep paying that mortgage every month/year and still have enough income left over to survive? You think that you'll be payed the same or more at 60 yrs of age, than you were making at 30? Think again. The time of 30 year careers is over. More like 15 at best, and then you have a career crisis.

Exactly. That's why I have a rule: Never ever get loans. Want a better car? Save money, invest in Bitcoin, whatever, until you can afford to pay the full amount. Want a better house and can't buy it? Stay at your current house until you can afford the better one. I don't want to have to pay back some bank for decades and being forever tied to them. The only loan I would consider getting is to buy a house if I didn't own a house. Fortunately I own my house. It's not the most luxurious house, but it's mine, and I don't owe anyone anything.

...and Bitcoin can greatly help do the above!

This feels like a great time to have cheap debt to me..

I almost bought a house just now because it was a good deal and cheap debt, but they screwed around and I basically told em to forget about it..

[gembitz]

I know I'm way way late with the ATH fireworks but I gotta do it for the "I was here when corn was in 5 digits" posterity:

ETFzzz + NFTzzz = ATHzzz    OGOGOGGOGGG

[proudhon]

Party's over! Bitcoin death resuming.

[gembitz]

$100,000 BTCBTCBTC ===> Lets Goooooo    haaa

[serveria.com]

I hear there are special "rich people therapists" which help people come to terms with their absurd levels of wealth.

Or better invite one to the 100k party... 
I'll have to fly one to my private island, yes.

[JayJuanGee]

Yes. Kraken ATH broken. 64999 gentlemen.

We don't use Kraken in these here parts.  

Hadn't you noticed?

 

What about that double top that you had been expecting (hoping for), podyx?

hahahahahahaha


sucks to be uie pooie.

 

I am blessed to see $66000 in my life. BTC used to struggle at $1 and now its x66000 of that price.
I may live or may not, BTC will be the revolution this world needs.

Huh?

What happened to the $36,500 that you were hoping for?

$36500 is coming according to the 3H Stoch on BTCUSDT.

You mean that you did not either sell to buy lower or buy less because you were waiting for lower prices?

[cAPSLOCK]

Bob, are you sure you are doing 2K a month? based on your routing fees, you need to be routing over $1M a month to be making $2k a month....
You may want to double check your accounts. BTW, is LOOP your most active channel?

You may very well be correct that I have miscounted something somewhere. LOOP is not my most active channel, but it's up there.

I don't mean to post intentionally erroneous information - It is very possible I've fucked up my calculations somewhere.

I'm looking at it from the perspective of adding up all the numbers, minus what it cost to open all the channels and rebalance things, to where I am today, and the node is a few hundred sats away from breaking even. On further consideration, I don't believe it's fair to state I've spent $2k on opening and rebalancing channels, either.

Frustrating, to say the least, that I cannot properly figure this out, and quite very possibly miscalculated the theoretical profit.

Again, kinda upset you bastards brought be back to running Lightning, but think I'm having a much better go of it this time around... in theory.

I'm glad you're back.  We're the banks now, sir.  These stupid little Raspberry Pis might be worth something someday!

[gembitz]

Yes. Kraken ATH broken. 64999 gentlemen.

We don't use Kraken in these here parts.  

Hadn't you noticed?

 

What about that double top that you had been expecting (hoping for), podyx?

hahahahahahaha


sucks to be uie pooie.

 

I am blessed to see $66000 in my life. BTC used to struggle at $1 and now its x66000 of that price.
I may live or may not, BTC will be the revolution this world needs.

Huh?

What happened to the $36,500 that you were hoping for?

$36500 is coming according to the 3H Stoch on BTCUSDT.

You mean that you did not either sell to buy lower or buy less because you were waiting for lower prices?

yobit upping====> $BTC $67238.46 weeeeeeeeeeeeee

https://yobit.net/en/trade/BTC/USD

[ChartBuddy]

Explanation

[JayJuanGee]

THIS IS GENTLEMEN!!!

What about your rah rah rah for BIG blocks?  You forgot about that for the moment fatty, and your shitcoins too?

 

New ATH every week till the end of the year ?

heard that one before.

Don't be jinxing us, aesma.

 

Tomorrow will will see a downtrend !

Yeah right.   

You must have not got the memo about:  "How bitcoin works and how bitcoin doesn't work (like dat)"


hahahahahahaha

Sucks to be "out of touch", no?

Hopefully, you did not sell too much too soon because of such expectations that you have.

[serveria.com]

Yes. Kraken ATH broken. 64999 gentlemen.

We don't use Kraken in these here parts. 

Hadn't you noticed?

 

What about that double top that you had been expecting (hoping for), podyx?

hahahahahahaha


sucks to be uie pooie.

 

I am blessed to see $66000 in my life. BTC used to struggle at $1 and now its x66000 of that price.
I may live or may not, BTC will be the revolution this world needs.

Huh?

What happened to the $36,500 that you were hoping for?

$36500 is coming according to the 3H Stoch on BTCUSDT.

You mean that you did not either sell to buy lower or buy less because you were waiting for lower prices?

Great job, JJG, my man! Stinky bears exposed. Now desperately trying to join the party. That's FOMO at it's best! 

[JayJuanGee]

Looking forward to this (this year, perhaps, perhaps?):

Bill Gates says 640k should be enough for anyone.

He was right. $640k per corn sure is enough for me.

I am going to admit that even $64k is enough to me, but I understand that the momentum is against me.

Gonna have to suffer.

Sucks to be me.


 

it's chopper time! fasten your seat belts and enjoy the ride, the chopper will have a busy time in the coming months

You also got merit chopper from @El duderino_ on bitcoin breaking new ATH 

haha, indeed! thanks @dude! 

Yeah just insane how fast the choppa was provided

I think @vroom was sitting ready a few days now

Vroom is a bot... Don't u know nuttin?

Get the chopper ready for 67k. And do not brag with your holdings on social media. Just read they kidnapped a kid in UK because he bragged about his crypto holdings.

Link or it did not happen.

[lightfoot]

InvestAnswers just said something I've been thinking about for a while.

Although paying off my mortgage is something I could do with the BTC gains he pointed out if you borrow against 2-3% it's really (almost) free money considering the massive inflation rate.
Michael Saylor has been talking about the near zero business loans also.
At least mortgages for individuals are still low, unlike ridiculous credit card rates.

Furthermore I believe BTC will go much higher.
A $1 million BTC and even $10 million BTC in the next 5-10-15 years will not surprise me. Well before my mortgage ends anyway.

Also, these free interest loans on furniture etc make sense since you will really pay less over the entire period rather than in 1 chunk today, again due to inflation.

More to the point, if I took out a half million mortgage at 4% then I would have covered the whole interest payment for the year like... this morning.

So yeah. I've been debt averse all my life. Maybe it's better to take on some debt than sell some corn. Thinking about this.

[El duderino_]

[Richy_T]

So yeah. I've been debt averse all my life. Maybe it's better to take on some debt than sell some corn. Thinking about this.

I view debt as risk. It can place you in a bad position if things go wrong (it's basically a slightly different take on options trading). Doesn't mean it shouldn't be done but consider all the angles.

[ChartBuddy]

Explanation

[nanobtc]

Congrats to the regulars, I know there are many smiles around. Welcome to newbies. We don't need any steenkin' shills, either.

[JayJuanGee]

Well, I guess the moment has come.

I've been a "lurker" for a year now, maybe even more, been following the forum but mostly this thread in particular and a bit of the Italian board on a daily basis, with the occasion of the new ATH break today, seeing the Helicopter being adopted again after some months just gave me an inner feeling I had to do it... I decided to finally sign up my account here on bitcointalk.

What else can I say other than a big hello to everyone, and keep the #hodl strong!

Have a great day/night  

Welcome to joy-town!

Man it's been a day. Can't believe we spent 6 months in the wilderness there.

Thanks!
Joy-town, this perfectly represents the W.O. even from how I've experienced it from the "outside", finally I can be an active part of this.

Looking forward  

Yes... maybe give us a bit of your background and introduction to BTC.. of course, you do not need to break opsec or provide actual numbers, but just to get some ideas... about some struggles that you may have had.. like all of us in accumulating BTC perhaps and making mistakes along the way.. .. and whatever current plans that you might have...

Sure there are some of us who might be losing touch with normies.. and I suppose that the longer that we have been accumulating and holding, then we are going to have some of those kinds of troubles, even with relatively modest investments of $10 per week over 8 years or something like that.

The coin remains strong.

One of those moments in which we have to recognize and appreciate that "the trend is your friend", and you are not doing yourself any favors if you are betting against the corn in times like these.

I hear there are special "rich people therapists" which help people come to terms with their absurd levels of wealth.

I'll have to fly one to my private island, yes.

i thought private islands always came with therapists.

or is it some sort of "upsell" thing?

Gosh.. all the things that we have to learn about... including what comes with or does not come with such private islands... 

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now
https://www.cnbc.com/2021/10/20/paul-tudor-jones-says-crypto-is-his-preferred-inflation-hedge-over-gold-right-now.html

What a shock.

I glanced at that write-up, and watched the 2.5 minute video, and PTJ does seem to be struggling somewhat with being able to use the word bitcoin, and seems to show that he is having some trouble in terms of understanding what differentiates bitcoin from "crypto".,. even though he does seem to be buying bitcoin rather than any other kinds of crypto coins.. but he is not exactly clear about specifics of what he is doing...

He also seems to NOT really understand (or want to say) the difference between some kind of financial product (such as an ETF) that represents future prices even while he does assert that holding the actual asset (referring to bitcoin) may well be the better way to get bitcoin exposure (and learning about how to hold and manage holdings, too)...

He may have learned that it is better for him to be vague about what he is doing in terms of potential legal jeopardy...  - especially if he is responding to the media - rather than getting too much into specifics and be accused of pumping a product that he is in..