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

[marcus_of_augustus]

Lightning Network, Bitcoin’s Crossing the Chasm Superpower

... good read for those WO tech. Innovators and Early Adopter entrepreneurs tinkering with the Lightning Network

... this is the way, use your low time preference to build for the future

[El duderino_]

[ChartBuddy]

Explanation

[JayJuanGee]

For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets.

Well said.

Very well said…. Though I would less enjoy it …. Way less ….

I decided to consider only the 200wk value as my 'current account value' for various considerations such as taking loans, etc.

Good idear..

Now you are talking...



 

I don't really plan to sell much or even anything at almost any price point.
Well, if it comes to 1.5mil in a year or two (if we are in the super-cycle), sure, I would sell a couple of coins to do something silly, lakes or whatnot.

I am glad that you have decided to come down a wee bit from your $10 million target before doing anything.... the insight of over abundance may well be starting to become a wee bit more concrete, no?

 

For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets.

Well said.

Very well said…. Though I would less enjoy it …. Way less ….

Yeah same...  

I guess different people have different thresholds for this...

I honestly do not know how I will react to the next bear if we have one historically similar.  I *guess* it will be like the last...  painful, but part of the ride.  Bitcoin (and poker) have taught me to handle loss well in life.  But it is not easy for me yet.

We are at the same level of thinking and experience over this matter I guess

Have you ever considered the stake of poker we are playing at the "Bitcoin Table"?  I know for sure you've played higher stakes poker than me...  but if we translate our Bitcoin bankrolls into a buy-in.  Pretty big game huh?

Personally, I believe that there is no real need to consider bitcoin as poker.  So let's say you started out with 1k chips, and sure you have been up and down, and you even had lost most of your chips so you were down to a bit more than 300 chips a few times, but then in recent times, you have gained back and you have over a 250k chips, and so ever now and again, you are moving your chips around in such a way that you end up losing 30k to 130k chips in a matter of weeks and gaining those chips back over 6 months or maybe it takes you a few years to get back to previous chip levels, but at any time, you are able to take out several times your initial 1k chips without even hardly blinking, and you have pretty decent confidence that your chips are likely to grow in the coming years, and that you have good chances that you could even get up to 1,000k chips in this cycle.... so I am not even sure how much it should matter if you have good systems in place, then you are already pretty confidence that your chips have been growing and you have been able to get multiple times of your initial investment back if you want (and maybe you have taken that amount out along the way too?).

One thing I want to do before I die, and more likely in the next 2-7 years is enter some WSOP events with my bitcoin "roll"...  Maybe even the main event.  Though I am not sure I have the stamina (or skill) to have much chance in that one!

I looked up WSOP and see that it means World Series of Poker.  Gosh.. that would be foolish to take anything resembling a large portion of your stash for some kind of fame and fortune gambling event, but let's say for example, you have established a fuck you status of $2 million... and for some reason (perhaps BTC price appreciation), you have acquired $100 million in wealth.. then yeah, you have liberty to take anywhere between $2 million and $10 million and maybe give few shits about whether you win or lose in such a WSOP event.. .. .and so I am not quibbling about taking large amounts into something like WSOP.. I am quibbling taking anything that you might be implying to be your whole stash or anything even close to approaching more than 10% of your networth.. presuming that at such time you would be in a status that is magnitudes higher than your fuck you status..and you are only taking small percentages of such stash.. 10% of the total value at the most..  

[Syke]

I wanted to ask my friend about Cuban, since to some extent I think *he* is the lucky one... sold a useless business (broadcast.com) at the height of the dotcom bubble.  

Looks like he got about $1b in 1999. If he had invested that in S&P 500, he'd have $5.4b today. His estimated net worth is $4.3b. Marc Cuban's new book, "How to lose $1b."

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[vapourminer]

chartbuddy, if youre gonna try to dominate the forum (a perfectly normal goal), at least get that number up while youre at it.

[bitcoinPsycho]

chartbuddy, if youre gonna try to dominate the forum (a perfectly normal goal), at least get that number up while youre at it.

Seems to be working

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

CB-no hat trick for ya.

Why such a slow night at WO?
Spending your cashola and being "fat" and happy? lol

[aysg76]

US hitting a debt ceiling
https://youtu.be/orakE9t1tpo

Bitcoin can solve this?

Bitcoin is the solution itself and can help those who want it but government does not give damm about debt ceiling and they will say no problem we will print more notes and then inflation ruin the economy.

But bitcoin is solution to all this only if you can seek future or are aware to see current scenario also.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Hueristic]

Not so fast there CB!

LMAO

Crazy night eh? I feel you as I've been there WAY too many times!
Did you check on your bike yet? Hopefully no lasting scars there.

Spend the day hydrating and it'll all be funny stories by the end of the week.

Pit pat piffy wing wong wang!

(ahh.. I also just figured out what the end of this post meant...  I hope you are OK!  And yeah... some ibuprofen might be in order?)

Spent the day recovering, took an extra Vike and got the bike straightened out, all good now.

[AlcoHoDL]

Not so fat there CB!

LMAO

Crazy night eh? I feel you as I've been there WAY too many times!
Did you check on your bike yet? Hopefully no lasting scars there.

Spend the day hydrating and it'll all be funny stories by the end of the week.

Pit pat piffy wing wong wang!

(ahh.. I also just figured out what the end of this post meant...  I hope you are OK!  And yeah... some ibuprofen might be in order?)

Spent the day recovering, took an extra Vike and got the bike straightened out, all good now.

Have been skimming through WO posts lately, too much happening IRL. I didn't quite get what happened to you, was it a motorcycle accident? Bike thrown in a ditch or what? Anyways, hope you get well soon man, fuck the bike, you can buy 10 of them soon. Stay safe!

[Hueristic]

Not so fat there CB!

LMAO

Crazy night eh? I feel you as I've been there WAY too many times!
Did you check on your bike yet? Hopefully no lasting scars there.

Spend the day hydrating and it'll all be funny stories by the end of the week.

Pit pat piffy wing wong wang!

(ahh.. I also just figured out what the end of this post meant...  I hope you are OK!  And yeah... some ibuprofen might be in order?)

Spent the day recovering, took an extra Vike and got the bike straightened out, all good now.

Have been skimming through WO posts lately, too much happening IRL. I didn't quite get what happened to you, was it a motorcycle accident? Bike thrown in a ditch or what? Anyways, hope you get well soon man, fuck the bike, you can buy 10 of them soon. Stay safe!

LOL, no, got wasted and dropped it on my lawn when I got home last night and pulled my back out picking it up in the dark so left it lying there all night.

[philipma1957]

Not so fat there CB!

LMAO

Crazy night eh? I feel you as I've been there WAY too many times!
Did you check on your bike yet? Hopefully no lasting scars there.

Spend the day hydrating and it'll all be funny stories by the end of the week.

Pit pat piffy wing wong wang!

(ahh.. I also just figured out what the end of this post meant...  I hope you are OK!  And yeah... some ibuprofen might be in order?)

Spent the day recovering, took an extra Vike and got the bike straightened out, all good now.

Have been skimming through WO posts lately, too much happening IRL. I didn't quite get what happened to you, was it a motorcycle accident? Bike thrown in a ditch or what? Anyways, hope you get well soon man, fuck the bike, you can buy 10 of them soon. Stay safe!

LOL, no, got wasted and dropped it on my lawn when I got home last night and pulled my back out picking it up in the dark so left it lying there all night.

Thats funny.

I had a friend back in the Navy say 1978 do a face plant and skid on the highway he looked like raw tenderized meat and limped for months.
He did heal up this was pre helmet laws a helmet would have helped him quite a bit.

[ChartBuddy]

Explanation