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

[ChartBuddy]

Explanation

[1714698907]

1714698907

[El duderino_]

Let’s grind up brothers

[TrustedBitcoiner]

[edited out]

200 weeks of dca'ing!! dude thats crazy, don't do that

Buy ~50% of what you ideally would want to invest right now.
then buy more if price is significantly lower then your initial buy price.

That's a kind of retarded suggestion that you have in terms of general applicability.

In udder words, generally speaking, the financial and psychological practicalities of normies no doesn't work like the way that you are wanting them to work.

In udder words, you seem to be wanting to push normies more into gambling than they already tend to want to do.. which is emphasizing the wrong kinds of tendencies that no does not work out too good for actual long term investing...

Imagine bitcoin will be worth $0 10 years from now, weather you dca'ed in or not, you lose 40K period the end. DCA does NOTHING to mitigate the risks

it does however mitigate your ability to "get in early"... which I heard is kind of a big deal when it comes to investing  

hit the allin button people, its not safe, but it's your only hope!

[Hueristic]

today's airspace over america and over europe...

I remember back in the late 90's finding out they were still using windows 3.11 and being shocked that not only they were using such an old Os but that they relied on Microcrap to begin with so I have just been waiting for this day.

*I think it was while we were doing the Y2K rollout.

[JayJuanGee]

[edited out]

200 weeks of dca'ing!! dude thats crazy, don't do that

Buy ~50% of what you ideally would want to invest right now.
then buy more if price is significantly lower then your initial buy price.

That's a kind of retarded suggestion that you have in terms of general applicability.

In udder words, generally speaking, the financial and psychological practicalities of normies no doesn't work like the way that you are wanting them to work.

In udder words, you seem to be wanting to push normies more into gambling than they already tend to want to do.. which is emphasizing the wrong kinds of tendencies that no does not work out too good for actual long term investing...

Imagine bitcoin will be worth $0 10 years from now, weather you dca'ed in or not, you lose 40K period the end. DCA does NOTHING to mitigate the risks

it does however mitigate your ability to "get in early"... which I heard is kind of a big deal when it comes to investing  

hit the allin button people, its not safe, but it's your only hope!

DCA does mitigate the risk, you dumb twat.

Furthermore, each person has the ability to apportion DCA, buying on dip, lump sum and HODL... some of that is likely to change with the passage of time, so if you are in a position that Philip had been seeming to suggest to invest, which is $100k over 4 years, you may well not even have half of that at the moment that you start it.

But even a normie might only have something that is closer to $40k for the whole budget, but they also do not have $20k that they can apportion right away, an they might be lucky if they have $4k or $5k that they could apportion right away, but no one is saying that they necessarily need to make radical changes to their investment portfolio, so it may well be the case that DCA is the only real practical way to get in without causing too many psychological and/or financial difficulties.

Maybe we are back to describing the hypothetical, TrustedBitcoiner.  What are the circumstances of the hypothetical person that you are wanting to describe TrustedBitcoiner?  You are talking about a person who already has half of the amount that they are planning to invest over 4 years, or you want them to take out a loan or what?  What does the rest of the investment portfolio look like this supposed hypothetical person that you are wanting to describe?

Are you talking about someone who already has an investment portfolio of $100k and they are trying to get to a 10% bitcoin allocation?  Or what?  Maybe we need some particulars instead of your spouting out nonsense about putting up 50% in advance as if you were at some kind of a roulette table.  hahahaha.. you unrealistic pie in the sky gambling nincumpoop.

[Hueristic]

FTX have found some "change" in the couch:

https://www.wsj.com/articles/ftx-says-it-has-located-more-than-5-billion-in-cash-liquid-assets-11673452986

facepalm

Translation: hidden/stolen assets being bartered for leniency.

[ChartBuddy]

Explanation

[TrustedBitcoiner]

[edited out]

200 weeks of dca'ing!! dude thats crazy, don't do that

Buy ~50% of what you ideally would want to invest right now.
then buy more if price is significantly lower then your initial buy price.

That's a kind of retarded suggestion that you have in terms of general applicability.

In udder words, generally speaking, the financial and psychological practicalities of normies no doesn't work like the way that you are wanting them to work.

In udder words, you seem to be wanting to push normies more into gambling than they already tend to want to do.. which is emphasizing the wrong kinds of tendencies that no does not work out too good for actual long term investing...

Imagine bitcoin will be worth $0 10 years from now, weather you dca'ed in or not, you lose 40K period the end. DCA does NOTHING to mitigate the risks

it does however mitigate your ability to "get in early"... which I heard is kind of a big deal when it comes to investing  

hit the allin button people, its not safe, but it's your only hope!

DCA does mitigate the risk, you dumb twat.

Furthermore, each person has the ability to apportion DCA, buying on dip, lump sum and HODL... some of that is likely to change with the passage of time, so if you are in a position that Philip had been seeming to suggest to invest, which is $100k over 4 years, you may well not even have half of that at the moment that you start it.

But even a normie might only have something that is closer to $40k for the whole budget, but they also do not have $20k that they can apportion right away, an they might be lucky if they have $4k or $5k that they could apportion right away, but no one is saying that they necessarily need to make radical changes to their investment portfolio, so it may well be the case that DCA is the only real practical way to get in without causing too many psychological and/or financial difficulties.

Maybe we are back to describing the hypothetical, TrustedBitcoiner.  What are the circumstances of the hypothetical person that you are wanting to describe TrustedBitcoiner?  You are talking about a person who already has half of the amount that they are planning to invest over 4 years, or you want them to take out a loan or what?  What does the rest of the investment portfolio look like this supposed hypothetical person that you are wanting to describe?

Are you talking about someone who already has an investment portfolio of $100k and they are trying to get to a 10% bitcoin allocation?  Or what?  Maybe we need some particulars instead of your spouting out nonsense about putting up 50% in advance as if you were at some kind of a roulette table.  hahahaha.. you unrealistic pie in the sky gambling nincumpoop.

fair enough, I'm think more along the lines of Philip has X amount (cash in hand) he's comfortable putting into bitcoin and how best to go about that. to which i say put in half Now and hope that it dips below where you bought so he can put in the rest.

[ChartBuddy]

Explanation

[philipma1957]

FTX have found some "change" in the couch:

https://www.wsj.com/articles/ftx-says-it-has-located-more-than-5-billion-in-cash-liquid-assets-11673452986

facepalm

Translation: hidden/stolen assets being bartered for leniency.

so IIRC 8 billion is missing.

He gives back 5 billion
He gambled away 2 billion
Has a billion stashed

Get 3-5 years.

Or 200 million a year to say in a "nice" prison.

I know his parents put up a 2 million house for part of the bail.

I did see a quick note online that 2 others put up bail money and their names are hidden to "protect" them from harassment.

I would love to know who they are.

[ChartBuddy]

Explanation

[Xian01]

I think it's time for the running of the bulls.

[Gachapin]

I think it's time for the running of the bulls.

question is, if or better to where we fall back afterwards

[TrustedBitcoiner]

holy crap

my short isnt looking so good 

[ChartBuddy]

Explanation

[Gachapin]

holy crap

my short isnt looking so good  

Hint: you shorted after a 77% drawdown, and BTC at that...

[proudhon]

holy crap

my short isnt looking so good  

There is no chance this holds.

[JimboToronto]

@TrustedBitcoiner

DCA isn't all about accumulating Bitcoin.

I'm currently using DCA to sell Bitcoin to pay my capital gains tax arrears. Rather than selling a chunk of it at once, I'm spreading it out as thin as I can. I talked to the revenue agent assigned to my collection file and explained that selling enough to pay it all now would be foolhardy and that spreading it out over time reduces the risk.

He's fairly aware of Bitcoin (and "crypto") and asked me what I thought of altcoins. Of course I steered him away from shitcoins and told him about steering clear of Ethereum when Vitalik first presented his white paper at Anthony Diorio's Decentral 9 years ago. I explained that pre-mining ethers was an unconscionable scam that I wanted no part of, despite the fact I could have bought them for pennies (in BTC).

That's why I invested in Bitcoin and refused to daytard (gamble) with my investment. I believed in Bitcoin as a world-changing technology and knew my investment would pay off.

I suppose buying when I could was a form of DCA. I didn't base it on a payday (job-free since 1976!) but rather on what I could afford and cherry-picked the dips as best as possible. Now I'm DCAing my sells.

The revenuer seemed to understand and cut me some slack (thanx Bob Dobbs). He's happy with the $15K per month I'm shooting him and I should be OK until the end of April when another >$1M capital gain hits the books. It was so much easier being poor.

Don't knock DCA. It works both ways.

[Gachapin]

I buy new ones because I want to make sure they are perfectly sealed and waterproof, so I can wash them under running water when they get dirty.

I believe that my first cell phone was sometime in the mid-90s, even though I cannot remember exactly.. yet it seems that once I started using cell phones, I had never not had one (Oh and I am pretty sure that my first mobile communication device was a beeper in 1996 - but I am not 100% sure that I did not have a mobile communication device prior to that)... anyhow, the point that I am wanting to make is that I cannot remember ever feeling any kind of need to wash any of my devices under running water when they get dirty.. but I know sometimes, I want to listen to them and to take them in the shower.. so there is some needs for some level of water proof and water resistance.. and surely, there are concerns about dropping in the toilet and things like that, which has never happened to me, either.

In the 2009-2012-ish timeframe, I used to go through all kinds of bluetooth headphones because of their lack of waterproofness, especially sweat from the ears going into the buds.. I used to buy those around the back of the neck ones.. and geez I remember paying $60 per pair in 2010-ish.. and then maybe they ended up coming down to $30 per pair in 2015 or 2016.. and then even it seems that I had trouble with the over the head earmuff type ones too for many years. I went through a lot of those too... I bet I had gone through more than 40 headphones between about 2009 to 2017.. I think that the waterproof (sweatproof) technology got better for the blue tooth headsets after that.

I also take it into the shower frequently. The washing I do not so often, but it kind of amazes me to be able to do that with an electronic device

For the sweatproof earphones, have you ever tried professional inears for musicians (like for drummers etc)? I have some from Shure and they can withstand quite a lot of sweat (used them while doing sports).

I see cell phones as an object of daily utility, not as a status thing (lol).

For sure.  Audio.. gosh I used to go through a lot of mobile cassette players... prior to digital transformation.

yeah.. especially Walkmans broke very easily.  Never had one that worked for more than 1-2 years. particularly the expensive and flat ones used to brake quite quickly.
Bigger tape decks were much taffer in my memory.

There is no reason for me to change them every year.  

I'm usually not more frequent than every couple of years, but there tends to be a hand-me-down component that I have historically done..

I have always tended to buy top of the line and part of my thing was storage.. and I had developed systems to try to keep as much music as possible.. so when the memory increased, then I would get a new phone just for the storage.. 1 TB.. around 70k songs.. why not?

I am pretty sure that the top of the line storage in 2014/5 was around 64GB.. and then in 2016-ish was 128GB .. so seemingly vast improvements with each of those doublings.. 256GB, then 512GB and then now 1TB.. I might do 2TB.. but it seems that 1TB getting almost all of my music.. which was something that I like to have.. but then it is not really that I need any of it any one given time... I tend to listen to podcasts on the phone more than music anyhow.. but music tends to play through my computer on a nearly ongoing basis since around 2010-ish.... and I do not tend to stream.. just play already stored songs.. which causes me not to keep up to date with trends as well.. .. but still there is quite a bit of synching of computer songs with phone songs.. which is great.. which is one of the utilities... and a lot of other utilities, too.. can you imagine how many pictures that we have with a pretty advanced camera in our pockets.. and easy peasy to store those too. as compared to just 5 years ago.. and who took pictures with their phones prior to 2007?  Not very common, even though technically possible to see those grainy photos for the phones that even had a camera.. why would you need a camera on a phone?  hahahahaha  I am not even saying that cameras everywhere bring us freedom exactly.. we (the normies) are kind of getting beat up by some of these technologies, too.

The development is amazing.  And I love to buy stuff I need (want) to use.  But for me the yearly changes in smartphone tech rn are so miniscule that I'm ok with replacing my phone all 3 years or so.

I just remembered that Saylor predicted quite some of the scale of this mobile revolution.... good chances that he might be right on BTC as well

Actually, I like it when they get a little bit older and lose value, so I can handle them more naturally without any fear that they get scratched or brake.

Subscription in the country I'm in are dirt cheap when going for Sim only (without phone).  6GB monthly data, free calls, free messages at 6$/month.

quite a bit of world-wide mobility.. something that the powers that be seem to hate.. and are surely engaging in ongoing draconian measures to try to disempower normies in regards to their mobilities.. it is o.k. for the elite to be mobile, but not for the riff raff.

mobility, probably yes.  But tptb love to be able to watch and listen to you anywhere via your smartphone

[Xian01]

There is no chance this holds.

You're probably right.

The Bitcoin/fiat price has been quite boring, but then again, we aren't in this for the fiat, right?