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

[ChartBuddy]

Explanation

[BitcoinBunny]

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.

[Torque]

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 young people don't anticipate ever getting laid off (even once, much less 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? Or even adjusted for inflation? Think again. The time of 30 year careers with ever increasing income that keeps up with inflation is over. More like 15 at best, and then you'll hit a wall and have a career crisis. Throw in a failed marriage with some kids, and watch your financial net worth nearly reset back to zero.

Btw, this pandemic forced more people into early retirement than any other downturn in history (other than the Great Depression). And this won't be the last one, there will be major shake outs like this every 7-10 years.

[JayJuanGee]

http://bitcoinsperperson.com/

Well, part of the reason that I had mentioned that the new accumulation goal had moved down from 1 BTC to 0.21BTC was because it was getting tougher and tougher to even attempt to have such a goal of 1 BTC, even when we had dipped down to $28,600. 

So for sure, even the 0.21 BTC is going to get out of reach.. and yeah we might have to start pricing those initialBTC accumulation goals in satoshi's in order to make them sound bigger.  A goal of 21 million satoshis might still be reachable, but yeah maybe 10 million satoshis would be more realistic for normies, and surely once one goal level is reached, then they can move up to the next goal level, whatever that might be.. but getting off zero would surely be a good start.

64000 is the new 6400 haha

To me, it seems more like the new $18k.. we are probably not going to be seeing too much of $64k anymore, even though people will wait for the price to come back down to such price points.. and yeah.. sure it is possible that the BTC price will come back down.. but it is not guaranteed.. that's for sure.

[Lambie Slayer]

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.  

[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!

[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.