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

[Hueristic]

SO where are all those that told me I was insane when I said El Salvador is NOT a place you want to move to?

https://www.youtube.com/watch?v=2KrF6TsQvr4

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[savetherainforest]

SO where are all those that told me I was insane when I said El Salvador is NOT a place you want to move to?

https://www.youtube.com/watch?v=2KrF6TsQvr4

That's why they need BTCiTcoin. To build more prisons. The moment a prison is not overcrowded and there are less people you can interact with, loneliness interferes. Self development happens from the pain of loneliness and you appreciate more the presence and interaction of another human. More prisons and less interaction between people makes them grow as a society.    

[d_eddie]

... earlier ITT: Using Bitcoin-collateralized loans to buy more Bitcoin.

Risky AF. Given how lucky I have been in life, I'm not sure I have the fortitude (even with the plate-training) to handle a strategy like that - even with 5%-10% of my stash.

Seems like the down-side risk is way too high IMO.

Ultimately, I get that NGU on a long-enough timeline, but the short-term volatility might fuck you hard without lube, and that's never fun.

Especially if they haven't enema'd and showered beforehand, if you catch my meaning...

This is something I am also facing, and kind of feel like you do.  I am going to need to come up with some cheddar due to things going on in my world...  This is one option.  Borrow against my stack?  Or just sell some.

Or another option is a line of credit... a loan not collateralize against the corn, but backed up by it for me.  In other words... get a loan and then HOPEFULLY pay it off with a smaller amount of Bitcoin than it would have taken to do right now.

But on the other hand there is ALWAYS the possibility that BTC goes down, and I lose that bet.  

Meh.

I feel you both. I've been thinking for a long time, trying to find a way to live off corn without actually spending corn. It seems impossible until you realize it only depends fundamentally on a NGU state.

Collateralized debt that can be margin called when NGD is risky. I don't like the looks of it. However, clever system might be devised in the (hopefully near) future when there are enough happy bitcoiners to create a demand.

Debt that is backed by corn, with an implicit bet that NGU (with some corn erosion if not). This could be viable if the time horizon is long enough - say, over 4 years? That's the first time range that came to my mind for some reason. Especially if the loan can be repaid earlier with a discount on the unpaid interest (for unpaid time), this really can get workable. It is tantamount to a long position with low margin on perpetual futures. If the corn goes up seriously, you shave off as much as needed to pay out the loan.

The system that feels the most comfortable to me uses out of the money covered call options. You write (sell) some call options now, promising you'll sell the corn at a certain strike price on a certain date. You get paid a premium for this promise. You get the premium immediately. I would write a call option @300k today, but since the strike price is so preposterously out of the money, the premium would be slim. On expiry, two things can happen: either the price is below 300k, so no one will ask you to buy at that price, and you're good; or the price is above that, so you are forced to sell for "only" 300k per coin.

There might be other ways. Or better said, I'm sure there are - but some are risky (DeFi trickery involved), and as for the others, I'm willing to hear and learn. Which better place for that than the WO?

[Phil_S]

Look like Palma, Grand Canaria, but I am not sure...

Palma is fairly big.

That town on the photo is small, it doesn't even look like a tourist place.



I would agree it's Spain. Some kind of small hiking trail?

[ChartBuddy]

Explanation

[Expert2022]

Today before 9 UTC we will see the movement in Bitcoin Now it remains to be seen whether this will be a pump up to 50k or a dump up to 45k. i could be wrong What do you guys think of the BTC chart?

[Richy_T]

......
Top tip: If you only specify one, it auto-scales the other. That way you don't mess with the aspect ratio.

Your "Top Tip" term reminded me of the hilarious "Top Tips" listed in Viz. Love that hilarious mag.
Had to Google it, because of course I did.

That may not be entirely coincidental

[Hueristic]

Well I have no clue but I can definitely say it wasn't time wasted!

[fr4nkthetank]

new shitcoin hack
600m+
will people learn ? no

[ChartBuddy]

Explanation

[NoorulHuda]

https://mobile.twitter.com/WuBlockchain/status/1508616388440903680


https://mobile.twitter.com/WuBlockchain/status/1508787061662576647


https://m.vietnamnet.vn/en/sci-tech-environment/vietnam-prepares-legal-framework-for-virtual-assets-virtual-currency-826055.html

[NoorulHuda]

Well I have no clue but I can definitely say it wasn't time wasted!

These are same places just due to girl ass size.

[savetherainforest]

Where we at WO’s

First right = merit worthy

Exact name of the place.

Probably Tenerife or one of those islands around it. Because going to Chile would be probably too far.    

[ChartBuddy]

Explanation

[philipma1957]

If bitcoin gets into million(s) and most of WO regulars are still around, i think the best bang for the money would be to seek life extension procedures.

More years = more chances to develop Alzheimer's.

No thanks.


They really need to solve that one first.

You don't need to fight Alzheimer's if it never develops.
In other words-organs and tissues that are rejuvenated (less age functionally than the clock shows) are less prone to disease.
Aging is a fundamental condition, Alzheimer's is a consequence of an aged brain tissue (typically).

When I was talking about fighting aging, I was not talking about being 80 perpetually. That would be nonsensical.
How about 40 or even earlier?

Its feasible for a 20 year old rich person to age slower. and I would say it is worthwhile.

But at 65 I am looking to age backwards not slower.

[Hueristic]

some shitcoinery news if you havent heard...pretty major exploit seems to have rattled the markets

The Ronin bridge has been exploited for 173,600 Ethereum and 25.5M USDC.

The Ronin bridge and Katana Dex have been halted.

https://twitter.com/Ronin_Network/status/1508828722085867521

dyor


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good time to be stacking sats...im sure they will just print more eth


stronghands

I can't believe these scammers actually think 9 nodes constitutes decentralization!

Sky Mavis’ Ronin chain currently consists of 9 validator nodes. In order to recognize a Deposit event or a Withdrawal event, five out of the nine validator signatures are needed. The attacker managed to get control over Sky Mavis’s four Ronin Validators and a third-party validator run by Axie DAO.

The validator key scheme is set up to be decentralized so that it limits an attack vector, similar to this one, but the attacker found a backdoor through our gas-free RPC node, which they abused to get the signature for the Axie DAO validator. 

The Level of retardness ETH continues to display is astounding.



https://roninblockchain.substack.com/p/community-alert-ronin-validators

[ChartBuddy]

Explanation

[Biodom]

If bitcoin gets into million(s) and most of WO regulars are still around, i think the best bang for the money would be to seek life extension procedures.

More years = more chances to develop Alzheimer's.

No thanks.


They really need to solve that one first.

You don't need to fight Alzheimer's if it never develops.
In other words-organs and tissues that are rejuvenated (less age functionally than the clock shows) are less prone to disease.
Aging is a fundamental condition, Alzheimer's is a consequence of an aged brain tissue (typically).

When I was talking about fighting aging, I was not talking about being 80 perpetually. That would be nonsensical.
How about 40 or even earlier?

Its feasible for a 20 year old rich person to age slower. and I would say it is worthwhile.

But at 65 I am looking to age backwards not slower.

Of course, but this is what would make such potential treatment insanely valuable.

As far as bitcoin is concerned, I am a bit alarmed that M. Saylor keeps getting deeper in debt to buy bitcoin.
He should have done it earlier, imho.
Leverage would make his ownership more tenuous and potentially prone to margin calls at the inopportune time.

[ChartBuddy]

Explanation

[pakhitheboss]

Those who are trying to create the Bitcoin Energy FUD, they should go through the Bitcoin carbon emission data for 2021 and stop this propaganda.