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

[cAPSLOCK]

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

I think this balance is so important.  I have thought a lot about what I will leave my kids.  And to be honest one thing I am afraid of is just handing them more money than they could ever spend, and possibly ruining their lives by doing so.

This is as compelling a reason to enjoy the fruits of my risk even when it might not be "the best time".  I have several times told the story of buying my wife an I a trip for an anniversary.  A week on an island cost an amount that would equal a really nice car TODAY.  And I expect that sometime in the next few years the expense will be a significant percentage of a house on that same island.

And my smart wife asked why we were going to do that.  My answer was simple.  We had lived through thick and thin with this stuff, and there are two basic outcomes if we spend a little now:

1.  Bitcoin goes up so much tat our trip will have cost a car or house worth of money in the not so distant future.  But this is a 'problem' we most certainly WANT to have!

2.  Something unexpected makes Bitcoin not work, and eventually what we have is worth very little... Well, we got a week in paradise out of it at least!

Win/Win.  And at least 'till now it's turning out to be #1.  And I do not regret it one bit.

We die.  And random ass shit can take us out. And a bunch of 256 bit number are not going to mean ANYTHING after we are gone.  And like I said, though I want to bless my kiddos I don't want to make life so easy they drown in it.

I *WILL* be buying my Lambo, or Ducati, or East TX ranch, or island house (it's that last one, by the way...), and it will be filled with the finest wine, and whisky, good food, and whatever accoutrements my wife wants.  And maybe one day Strawbs will come over and drink some of that whisky and look at the sunset.  Maybe others of you can come for a visit too!

And it's not going to be that far in the future either...  Many of us have been at this for over a decade.   There is NOTHING wrong with enjoying the spoils.  Just as there is nothing wrong with living simply and dying rich if you want to.  But I'll be doing the former.


*EDIT* The Dude said the same thing, but with much greater economy of words.

We save BTC to be financial free…

Which is; providing us some tools which makes us happy….

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

I know my choice.

[d_eddie]

for me it's more about how life unfolds and what I like to do in that moment.

Many of us have been at this for over a decade.   There is NOTHING wrong with enjoying the spoils.  Just as there is nothing wrong with living simply and dying rich if you want to.  But I'll be doing the former.

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

Bring into your grave
Rosy sunsets, lambos
Don't bring your bitcoin


#haiku

[julian071]

In the NL we say: A shroud (lijkwade, a shroud for the dead) has no pockets.

It is indeed, like cAPSLOCK so uneconomically said, about finding a balance.

BTW I do have a separate BTC address for my daughter. 

[nanobtc]

Well said, cAPSLOCK.

[ChartBuddy]

Explanation

[OutOfMemory]

@cAPSLOCK:

When you know in advance what you are going to do with your corn, you have a big advantage. You can't get distracted too easily, and your children will inherit that from you. Even if they get fuck-you-rich through some part of your Bitcoin, they should know how they handle it well, at least have a good idea about it.
Now, by acting this grounded way your words make me believe you do, you are teaching them how to find balance between humbleness and living a (possibly) financially free life.
I think you can't do much more than that.

EDIT: They learn to verify, and how to keep faith as well from you, i suggest.

Despite the light headache and scratchy throat, i will take my nightly nap now. Have a good #hodlsleep

[sirazimuth]

Tonight I went out to eat with an old friend I've known for almost 50 years.
We were roommates for awhile back in the eighties and threw many parties at the house we rented.
We always had a great band booked too. (the ones I played in, so that made bookings easy and convenient)
We were like two aging boomers reminiscing at the bar. He's the social type (unlike me) and was chatting with the folks next to him, as well as myself.
So he knows I'm a bitcoiner. I tried talking him into the club many years ago to no avail.
Now he thinks he missed the train. I simply told him, as I tell anyone that brings up the subject in conversation, (I never bring it up myself, a rule I strictly adhere to) "its never too late to buy bitcoin."
When the bill came, he was ready to split it. I was like, "no worries brother, I got this one." I also told the bartender to put the the tab of the friendly folks sitting next to us on the bill.
They thought I was joking. I said no, I'm serious. They were very grateful and dumbfounded. "Thank you, sir, that's never happened to us before. You are very kind."
I replied "my pleasure. Pay it forward when, like me, you have the ability to do so."
It felt really good to be generous to random friendly strangers you meet on a random night out. I cant take it with me, so that's the kind of thing I like to do with my corn.

Thank you bitcoin.

(edited punctuation etc.)

[ChartBuddy]

Explanation

[JayJuanGee]

Why is it so strange that you like to post your consumption pictures at times in which it is quite ambiguous about cashing out any BTC...

I am not striving to hate on your consumption.. but just seems to be a weird pattern of yours... .,. remember at $600/700 in late 2016, when you were doing the same thing?  and you also did it at a kind of weird time in terms of when you got your Tesla, no?  or maybe that time was more normal during the early 2021 run up to to $64,895, no? For sure, you are not the ONLY one.. but still comes off as strange with weird mixed messages for this here cat.

There is no pattern to me buying stuff that relates to the price of BTC. I know for you that would be the way to go about it, for me it's more about how life unfolds and what I like to do in that moment. As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

I think this balance is so important.  I have thought a lot about what I will leave my kids.  And to be honest one thing I am afraid of is just handing them more money than they could ever spend, and possibly ruining their lives by doing so.

This is as compelling a reason to enjoy the fruits of my risk even when it might not be "the best time".  I have several times told the story of buying my wife an I a trip for an anniversary.  A week on an island cost an amount that would equal a really nice car TODAY.  And I expect that sometime in the next few years the expense will be a significant percentage of a house on that same island.

And my smart wife asked why we were going to do that.  My answer was simple.  We had lived through thick and thin with this stuff, and there are two basic outcomes if we spend a little now:

1.  Bitcoin goes up so much tat our trip will have cost a car or house worth of money in the not so distant future.  But this is a 'problem' we most certainly WANT to have!

2.  Something unexpected makes Bitcoin not work, and eventually what we have is worth very little... Well, we got a week in paradise out of it at least!

Win/Win.  And at least 'till now it's turning out to be #1.  And I do not regret it one bit.

We die.  And random ass shit can take us out. And a bunch of 256 bit number are not going to mean ANYTHING after we are gone.  And like I said, though I want to bless my kiddos I don't want to make life so easy they drown in it.

I *WILL* be buying my Lambo, or Ducati, or East TX ranch, or island house (it's that last one, by the way...), and it will be filled with the finest wine, and whisky, good food, and whatever accoutrements my wife wants.  And maybe one day Strawbs will come over and drink some of that whisky and look at the sunset.  Maybe others of you can come for a visit too!

And it's not going to be that far in the future either...  Many of us have been at this for over a decade.   There is NOTHING wrong with enjoying the spoils.  Just as there is nothing wrong with living simply and dying rich if you want to.  But I'll be doing the former.


*EDIT* The Dude said the same thing, but with much greater economy of words.

We save BTC to be financial free…

Which is; providing us some tools which makes us happy….

Better to buy and use them cause whiteout knowing time is up and our body lays between the wooden planks…

The coffin is for everyone, one just needs to decide ending in one with a lot of BTC or with some BTC and lots of experiences….

I know my choice.

Seems that bitcoin provides an opportunity that you are likely to be able to have both...

Remember?

Why not both?

Now if you try to cash out way too much too soon, then you will never be able to build up enough principle.

But getting through a whole cycle provides quite a bit of freedom and options, and getting through a couple of cycles provides more freedoms... especially if you maintained some semblance of management over your BTC stash..and sure a bit of front-loading at various points early on or just aggressively DCA'ing has historically been helpful to provide more options later, too..

I am not a very BIG prescriber to valuing your BTC in terms of what it ended up being valued at later (like complaining that you spent too many BTC blah blah blah), because you did have the choice to splurge by using your BTC or by using lesser forms of value such as fiat and/or even to spend and replace portions of your BTC so that you were not necessarily spending your BTC at a bottom of a correction, without mitigating some of the impact on your total investing/savings preferences.

[Biodom]

Willy Woo on "What bitcoin did" podcast with Peter McCormack.
An interesting conversation..WWoo is kind of skeptical on S2f, bullish on bitcoin overall, but suggests to keep minimum 15% in cash (stables), up to 40% on spikes.

https://www.youtube.com/watch?v=7OdpjKM4eJ0

[Richy_T]

SURPRISE; SURPRISE...

Antigen test before going to sleep turned out to be positive.
This time i took the test when my nose was running, as it did before a few times today. Additionally i harrumphed a few times and spit in a glass, put the nasal swab into that for a short moment, then went on with the analysis of the sample: Two euqally dense red lines after about half a minute.
So that's it. My ticket out of vaccination mandate for half a year after being tested negative again.

Will delay my scheduled photoshoots, however  

F

[Richy_T]

Bring into your grave
Rosy sunsets, lambos
Don't bring your bitcoin

Alternatively

Bitcoin: Finally you can take it with you.

[Richy_T]

When the bill came, he was ready to split it. I was like, "no worries, I got this brother."

That puts me in mind of a TV show worth watching, since the thread has had some of that recently. "Inside No 9". The episode I'm thinking of in particular is S03E02 "The Bill".

[Biodom]

Regarding bequeathing, I haven't decided yet what to do.

It mostly depends on the overall value with respect to $$.
Different value means things could be organized differently: RE, trust(s), organizing a charity or contributing to one, etc., etc.
Depending on the number of zeroes, you could do one type of things or another as direct inheritance could be a blessing or a curse.

[ChartBuddy]

Explanation

[JayJuanGee]

[edited out]

 As we all know you are much better at managing your stash then me and that's just the way it is. But on the other hand, I have a Lambo

I know that you are excited.. .so I suppose that might be part of the reason that I am holding back... another part surely is personal discretion. .so not trying to take any of that away.

Call me a party poop if you must.

[strawbs]

And maybe one day Strawbs will come over and drink some of that whisky and look at the sunset.  Maybe others of you can come for a visit too!

Still looking forward to it cAPS. And to returning the favour at my mountain retreat sometime.

[Arriemoller]

(I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

Given the rest of the content of your post, the science of when water freezes might be considered fairly relevant. In truth, both are arbitrary and fine

I am poking the bear with that.  But I do also mean it...  As I said C is better for science (and cooking which IS science really) for sure.  0=freezing 100=boiling.

But 0-100 in F represents a (less exact) useful range of general temperatures for the outside environment with better granularity in between at the unit. 0=cold as hell and 100=Texas.  with 60-80 being a nice 20 point comfort zone.  But you only get about half the whole number granularity with the "science numbers".

If we can only have one scale its Celsius all day long, obviously... but the good old fahrenheit still has a place, I think.

Fun fact, When Anders Celsius first invented the scale it was 100 for freezing and 0 for boiling, it was later inverted.
Pro tip, use half scales, ie 21,5 C for more granularity.

[ChartBuddy]

Explanation

[Arriemoller]

Soo many good posts, I'm unfortunately out of merits, so, all of you, have some WOs merits.