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

[philipma1957]

Just received below SMS... only if it was BTC...


It's a trap!!!

To me, it looks like you are richie.   

<snip>..sorry it was becoming too long to quote

[edited out]

In addition: my IRAs and bitcoin would, hopefully, provide the bulk of the future cash flows.

Sure there is going to be some variance in the timeline on a lot of these matters, and for sure, the longer that any of us had contributed into a system, then we might have become reliant upon being able to get some income stream from various work-related retirement systems that we had invested into.

Attacks on the pension systems had surely gone into higher modes since the 80s, and yes it seems that there was borrowing against and mal-investment in regards to social security systems too - since those systems should have been self-sustaining, except that the government was allowed to borrow against that particular system - and yeah of course other health and welfare benefits have been juggled in a variety of ways too... to contribute towards difficulties in keeping them solvent.  

So, yes some of those systems have decent chances of imploding..

Of course, many of us in bitcoin have considered that bitcoin is a way to supplement or to replace some of the other directions that we might have otherwise been able to receive cashflow after we are no longer ready, willing and/or able to work.

Some of us may have been contributing more heavily into bitcoin, and it may have not even been for reasons of believing that we were going to need bitcoin to supplement our status quo cashflow areas, but then maybe in more recent times, including since March 2020, it has become more apparent (to some folks) that various aspects of status quo and traditional systems are imploding faster and more severely than we thought to be likely or possible.

I am not sure if 20 BTC is going to be enough to supplement the cashflow of any person, even though it seems that something like 100 BTC right now would be enough - yet of course, devil is in the details in regards to how much we need and when we need it..

I guess when I mentioned 100 BTC being enough, it is building on Phillipma's assertion from a month ago or so that 100BTC would not be enough for a 50-year old right now, and saying dumb shit about that 50-year old needing to sell some of his BTC blah blah blah.. which just seemed bonkers to me... actually to me it seems that around 82 BTC would be more than enough to be in entry-level fuck you status as long as you are able to wait until the BTC price returns above $24.4k - assuming that at some point in the coming 3-12 months or so that BTC prices will return above the 200-week moving average that is currently at $24.4k.

Anyway, of course, money management.. and of course no guarantees.. and surely by the time we start to get into our 50s or later, then it would seem that many of us shoudl have already created and maintained some investment portfolio that goes beyond merely having BTC and perhaps taking our other income sources, whether social security, pension, 401ks and/or other sources like that with a grain of salt... but still the various uncertain sources of income likely have greater than zero present value.. unless you really are assigning high values to Armagaeddon scenarios.

82x16800= 1,377,600 while it may be a nice chunk of change it is not entry level fuck you status.

[1714579569]

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[1714579569]

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[1714579569]

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[Torque]

WELP, they destroyed The Witcher, don't even try to watch it unless you want to puke.

Even though I know it's Henry Cavill's last season on it, I'm not even about to watch that hot mess, or ever again. Nor any of the "spin offs".

Season 2 was bad enough.

It's about sending a message. Full boycott.

Down with the bullshit agenda that Hollywoke is pushing.

[ChartBuddy]

Explanation

[Tipeform$]

Most common response I’ve been hearing wrt to #BitcoinBTC  is that people feel they “missed it.” This couldn’t be further from the truth.



TWITTER

If you look at the Halving Halbin chart here, Bitcoin will start to rise from the beginning of 2024.  And in 2023, the price of Bitcoin will remain in the tumbling state.

And there is enough time in 2023 to hold and it would be best to start holding from here in 2022 at the latest.  Because now is the perfect time to hold Bitcoin.

Ho ho Hold ✅✅✅..

[Tipeform$]

Bitcoin has been stuck between $16,000-$17,000 for one week.




Please quote my post...

[xhomerx10]

Most common response I’ve been hearing wrt to #BitcoinBTC  is that people feel they “missed it.” This couldn’t be further from the truth.



TWITTER

If you look at the Halbin chart here, Bitcoin will start to rise from the beginning of 2024.  And in 2023, the price of Bitcoin will remain in the tumbling state.

And there is enough time in 2023 to hold and it would be best to start holding from here in 2022 at the latest.  Because now is the perfect time to hold Bitcoin.

Ho ho Hold ✅✅✅..

 Ah, the good ole Halbin chart.  Where would be be without it?  If I had any merits I would have given all of them all to you but only if you promised not to post any more investment advice.

[ChartBuddy]

Explanation

[JayJuanGee]

Do not - I repeat - do not ever merit me, or I will rip you a new one.

Lookie uie pooie   

Merit begging through reverse psychology.






Merit begging



Merit begging




Merit begging 






You Fuck.

Merits

You obviously didn't understand Merits. You claim they are worthless, on the other hand you give them so much (negative) attention, which shows how important they are to you.
Explain.

Exactly!!!  That's what I had b trying to say.

Be patient, bro, don't vent your anger here.

What anger? Trust me, you don’t want to see me angry.

What are you going to do?  Throw your cookies & milk on the floor?

Go on...

Do it.

Do it.

Oh JJ, WTF is going on with that hashrate, it can’t be front-running something-something can it?

I can ONLY do so much to attempt to help you to help ur lil selfie.

Hint, Hint:   Remember you are looking at shadows on the cave wall, try to find and then move closer to the entrance of the cave, then at least you will start to get closer to the light.   Also, it may be good if you can try to move close enough to the entrance in order that you are able to actually see outside.

Yes.  I know.  Baby steps.

I am not going to expect you to be ready, willing and/or able to go straight outside.

But, if you would at least move towards the entrance, you will be making progress in contrast to where you seem to be, currently.

[smartcomet]

off topic

i write some thoughts about The Next-Generation Decentralized Social Media

Introduction
The Next-Generation Decentralized Social Media is a decentralized, trustless, uncensored network.

Every user sets a node in local PC, mobile phone, or renting a cloud server for fast connection. There are several Directory Servers in the network which store all users’ public information: IP/domain, name, site etc . A user can follow another user by pull the latter’s IP/Domain from the Directory Server to node.

Every user has a private key and public key pair, the latter is users account number. When a user sends a tweet to the network(actually to followers), must signs it first. One of followers may re-tweet, comment or like the tweet. The user can delete the tweet too, after that a deletion tweet will send to the followers, and quotation of the tweet will be deleted from followers’ node.

nostr is coming

https://www.btctimes.com/news/what-is-nostr-and-how-do-i-use-it

[ChartBuddy]

Explanation

[philipma1957]

WELP, they destroyed The Witcher, don't even try to watch it unless you want to puke.

Even though I know it's Henry Cavill's last season on it, I'm not even about to watch that hot mess, or ever again. Nor any of the "spin offs".

Season 2 was bad enough.

It's about sending a message. Full boycott.

Down with the bullshit agenda that Hollywoke is pushing.

good to read this as I quit after season 1.

[philipma1957]

Bitcoin has been stuck between $16,000-$17,000 for one week.




Please quote my post...

done

[JayJuanGee]

Season's Greetings to all WOers!

We may be a little lower that many of us had predicted for this time of year ($17k vs. $100k+), but a true WOer knows that GTCTTWW.

Be well, love and be loved, enjoy yourselves, and... HoDL!

Can't remember what it means.

Brain no doesn't work that great at all times.


 

could the hashrate drop have to do with Texas miner shut down to support the power grid due to cold weather?

Could be, could be, dear Watson.
Just don’t forget that they are losing money[?] in the process. It’s a very thin line between miners shutting down, difficulty re-adjusting, and mining again with a smaller difficulty.

I recall that the largest bitcoin miner (Core Scientific) had filed for bankruptcy.

But that's probably not related.

 

[ChartBuddy]

Explanation

[xhomerx10]

Season's Greetings to all WOers!

We may be a little lower that many of us had predicted for this time of year ($17k vs. $100k+), but a true WOer knows that GTCTTWW.

Be well, love and be loved, enjoy yourselves, and... HoDL!

Can't remember what it means.

Brain no doesn't work that great at all times.


 

 I'm pretty sure it's an acronym for Gay-Themed Christmas Tradition Titillates Wall Watchers

 I'm sure if you thought about it a little longer though it would come to you... since it's a good thing and you will have waited for it to come to you.

[Popkon6]

Bitcoin has been stuck between $16,000-$17,000 for one week.




Please quote my post...

Good picture

It is true that the price of Bitcoin is stuck here for a long time, but the chances of an increase are very low.  Bitcoin price could fall further, experts say.  But we have no reason to despair.  Dumping will be for pumping...

[ChartBuddy]

Explanation

[JayJuanGee]

[edited out]

The Long Island railroad model is only an illustration of the issue.

Yes.  It seems that I accounted for that it was only an example.. or illustration or whatever.

how bout this.

USA go to school in 1975 lots of good cheap colleges get out at 21-22 zero debt get a job blank blank blank..

USA go to school in 1996 not as many good cheap colleges get out at 23-24 as you need a masters to compete with the ones that graduated in 1975 and you have a small loan maybe 25k

USA go to school in 2017 almost any college cost at least 60k more like 200k get out at 23-24 you better have a masters to compete with the ones that graduated in 1975 and 1996 and you have a larger loan over 100k.


that is the education twist on the Long Island Railroad example I gave.

You're still not really saying much of anything.  So what?  Largely you seem to be recognizing some potentially conceded hypotheticals, and the points that you are trying to make?  How do your points relate to what we are talking about here?  

As to why I use USA simple USA is still the fiat standard (how long does it have?)

and USA so far was able to heavily fuck the world market by raising % rates for the dollar.

Which is many countries are trying to do BTC and which is why the dems let SBF shit all over (JJG you will love this) BTC using FTX and all the shitcoins (other than LTC + Doge).

Oh gawd..    You just love simple scenarios.   Yes.. there was a lot of bullshit fraud going on in the SBF/FTX/Alameda case.  Yes.. the US Govt seems to be quite threatened by bitcoin from several angles... so there seems to be various kinds of mud-stirring going on that might involve collusion to allow SBF/FTX/Alameda to fuck around with bitcoin in terms of not having bitcoin to back up what they were doing and to be engaged in a kind of fractional reserve that involved no bitcoin.. and a lot of fake shit.. yes.. so what?  what are you saying? exactly?  Are you trying to make some narrow causal statements in regards to how dirty the USA Govt is going to play and that's why you don't believe in buying bitcoin and instead you are going to buy I-Bonds?

Does this clarify it a bit more.

Please remember it is always or almost always just written in stream of consciousness.

It does not really clarify very much.  We don't disagree that various kinds of shit is happening that relates to bitcoin, and it has historically been happening, and it is likely to continue to happen and also we are still discovering some of the various connections of SBF/FTX/Alameda to bitcoin and surely, there might be some attempts to cover some of that up too, but it may well be too difficult to cover some of those relationships up.. We will see, but bitcoin is not merely about the description that picks out various things that are going on and then NOT really having much of any kind of point except maybe to say things are messy or maybe you want to say BTC prices are going down?  or would you rather say that bitcoin prices are going up?  You see that it sometimes can be difficult to figure out what point that you are wanting to make..

yes, we know that there are all kinds of dynamics that relate to cost of living getting worse for Americans.  Are you familiar with any of Jeff Booth's ideas in terms of the price of tomorrow or even maybe some of the podcasts that he has recently participated in?  I can give you some links, but I am not sure if that will help if you might not listen to them and you just point out various facts that a lot of us really already know, but just pointing out "stream of conscious" facts does not always necessarily lead to the various conclusions that you want to make.. or your speculations about when x, y or z is going to happen.  Does it?  

I know that you just love to make specific predictions, but what good is that going to do?   maybe a lot of us might NOT be in great disagreement if you are making directional and long term predictions rather than specifics (as long as you keep your stupid-ass talking up of doggie coin or keep litecoin pumping out of it), but if you are trying to lock-in specific kinds of short-term predictions in a sorcerer guru wannabe way, then you are more likely to receive push back.. maybe not from everyone..

[edited out]

82x16800= 1,377,600 while it may be a nice chunk of change it is not entry level fuck you status.

If you had read the post, I am going by the 200-week moving average which is currently $24,400..   I am not suggesting that any BTC would be spent below the 200-week moving average.. but the 200-week moving average can likely serve as a kind of gauge for folks who are long-term oriented.

If you are thinking in dollars and you are wanting to cash out right now, then yeah you will need more, but not too many people here are very excited about holding much of their Investment portfolio in dollars, except maybe you.

Yes, I will concede also that an investment portfolio would not necessarily ONLY have bitcoin and dollars in it, so there are a lot of ways to end up feeling that you are either at or pretty fucking close to fuck you status, merely because you currently have 82 BTC and perhaps some other assets?  

Perhaps you also have stocks and bonds and property and some PMs and maybe you even have a pension plan and social security too... whether your age is 50 or you might be another age would also contribute whether you consider yourself to be close to entry level fuck you status or perhaps exceeding it.  We would need to figure out what is the whole package before we start to poo poo someone who happens to have 82 BTC at this time and to be suggesting that maybe they don't have enough, because I would think that a 50 year old with 82 bitcoin right now would feel as if he is in pretty decent shape.. except perhaps if you are trying to spin the whole situation into an assertion that this vacuous and gambling 50 year old does not have anything except the 82 bitcoin, and yeah, then he is in a much worse situation if he has not really balanced out his investments in a variety of ways and he has not been able to generate any other cashflow sources in his life.. so maybe if he were to ONLY have 82 bitcoin in your spinning of the scenario, then maybe he would have to keep working or find a job in which he can build other aspect (assets within) his investment portfolio before he is able to feel that he is at or near fuck you status. 

By the way, there are a lot of ways to measure wealth, and I have never been the one to suggest to put all of your assets in bitcoin, and I also believe diversification is a good idea, especially once you start to build your investment portfolio.. and yeah, when I refer to diversification, I am not referring to buying shitcoins.. .

[Negotiation]

~snip~

I am not sure if 20 BTC is going to be enough to supplement the cashflow of any person, even though it seems that something like 100 BTC right now would be enough - yet of course, devil is in the details in regards to how much we need and when we need it..

~snip~

Anyway, of course, money management.. and of course no guarantees.. and surely by the time we start to get into our 50s or later, then it would seem that many of us shoudl have already created and maintained some investment portfolio that goes beyond merely having BTC and perhaps taking our other income sources, whether social security, pension, 401ks and/or other sources like that with a grain of salt... but still the various uncertain sources of income likely have greater than zero present value.. unless you really are assigning high values to Armagaeddon scenarios.

Having said all that I totally appreciate you, if everyone was as smart as you, think Bitcoin would already be a real currency in many countries. But although I'm not entirely sure, hope that Bitcoin will one day become a real currency like gold was a currency in the primitive days, I think it will be, even though we know that every currency is unstable. But the difference is that the area of change is a little more or less and it is also true that it is not right to judge Bitcoin by all kinds of differences.

Finally, it can be said that every person needs to have a deep understanding of Bitcoin like you(That is the Example of Knowledge), so that Bitcoin can become more prosperous in the world.

[ChartBuddy]

Explanation