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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368617 times)
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June 10, 2023, 06:45:54 AM
Merited by El duderino_ (10), fillippone (5)

some impressions from prague Grin
charles bridge, czech national bank and czech philharmonic appear in new light Cool


 
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June 10, 2023, 07:22:28 AM

Most people here will be driving a brand new car in approximately 24 months from now.  Smiley
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June 10, 2023, 08:39:21 AM

All they can do is shake the weak hands.

Do you blame them for wanting to survive?
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June 10, 2023, 09:42:51 AM

Brutal

I tell ya its tough out there. Being in crypto gets you no respect.

Went to the barber today, said what kind of haircut can I get for 100 DOGE

He said 100 DOGE gets you a shampoo of my balls

Then he doused me with barbicide and set me on fire

No respect at all

Didn't you see the no dogs sign outside the door?



Wait for your respect when bitcoin bull arrive and you get a whole county hair taken care of with 1 doge haha


Most people here will be driving a brand new car in approximately 24 months from now.  Smiley

Hope seeing you there with Ferrari Purosangue or Porsche Macan.

No space for weak hands. Haha
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June 10, 2023, 10:19:25 AM
Merited by JayJuanGee (1)

So these days US bans bitcoin while China and Russia unban bitcoin. Its a BRICS world in the making. Crazy how there is an Inverse Cramer ETF yet the bitcoin ETF was always tantalizingly too risky (or whatever flaky garbage was peddled to the public).

This move by the SEC is meant to precipitate legislation from an absolutely inept congress, not that I care to delve into US politics... And soon the Fed will be up for their next chicken-Wednesday. Rates will pause and maybe inflation will be "behind us". Most cannot digest the fact that a decrease in the rate of inflation is still inflation, and that is why I love the corn.


The US is currently trying to safeguard its financial system, but it has not banned Bitcoin. However, no government has the power to ban Bitcoin completely. They can only try and slow its growth, which has already been huge over the past decade.

China has legally banned Bitcoin within its mainland. Bitcoin cannot be mined or traded there. It is using Hong Kong as a proxy to attract American Bitcoin entrepreneurs, something it has been doing for over a decade.

Russia, facing economic sanctions and the possibility of being blacklisted by the FATF, has no other option but to allow its Banks to deal in Bitcoin. Without Bitcoin, Russia's economy would struggle. We can expect them to declare Bitcoin as a legal tender in the coming years.

The BRICS is an organization that is largely based upon two countries: China and India. While China wants to adopt a Dedollarisation policy similar to Russia, India does not want to. China wants to replace the dollar with the Yuan, but India is currently in a border dispute with China and accepting the Chinese currency as a replacement doesn't favour India's growth.

India has not banned Bitcoin because they have already placed a tax bracket on it before creating regulations. At the moment, their banking network is not struggling, unlike the US, Russia, or China. If and when it does, we may see India act in a similar manner to those countries.

Overall, it's important to understand that governments cannot completely ban Bitcoin, but they can try to slow its growth.
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June 10, 2023, 10:41:50 AM
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Most people here will be driving a brand new car in approximately 24 months from now.  Smiley

Never buy brand new, always a shitty investment. As soon as you drive it off the forecourt it loses value. I always go for 6-9 months old.

I will be getting a new whip in the next bull cycle again, well a 6-9 month old one Smiley
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June 10, 2023, 10:59:53 AM
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Most people here will be driving a brand new car in approximately 24 months from now.  Smiley

Never buy brand new, always a shitty investment. As soon as you drive it off the forecourt it loses value. I always go for 6-9 months old.

I will be getting a new whip in the next bull cycle again, well a 6-9 month old one Smiley

I'm considering upgrading from this



to this



in the next bull cycle.
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June 10, 2023, 11:37:34 AM
Last edit: June 10, 2023, 12:18:40 PM by JayJuanGee
Merited by LFC_Bitcoin (2), Paashaas (1)

Does not matter much as getting rich was never my agenda.

Good thing that you did not get rich.

In some sense, you have been successful especially since it would be difficult to become too richie if you had been buying a lot of your coins between $30k and $60k and then selling most if not all of them there coins at $20k and then focused upon promoting and buying uncle sam's IBonds at $16k.

Sucks to be uie-pooie, even if you might have been achieving your having fun staying poor mission.

 Cry Cry Cry Cry Cry


Brutal

I tell ya its tough out there. Being in crypto gets you no respect.

Wow...    Shocked Shocked Shocked

You must be competing with Philip in regards to who can have fun staying poor the MOAR quickly.

Have you thought about Ibonds?


Went to the barber today, said what kind of haircut can I get for 100 DOGE

He said 100 DOGE gets you a shampoo of my balls

Then he doused me with barbicide and set me on fire

No respect at all

Oh?  Even MOAR better.  

Philip appreciates dee essence of dee doggie coin too..


Several times, Philip told us that he believes doggie coin is probably going to be the ONLY POW coin standing (though yeah of course Philip is projecting out 30-ish years to the extent that he knows shit regarding how the various POW coins work and how the incentives to mine doggie coin are better (from his dumbass point of view) than bitcoin..).


If you know quality and you have long term thinking can't go wrong with a wee bit of doggie... - especially if your objective involves having fun staying poor.

Ps.. I am starting to feel a wee bit bad in regards to overly beating up (focusing) on Philip.. he does not even completely deserve it.. I am kind of sorry Philip..,.., there might not be enough depressing things in bitcoinlandia to talk about.. so I suppose there can develop feelings of gotta lash out  .   Wink Wink Wink

Most people here will be driving a brand new car in approximately 24 months from now.  Smiley
Never buy brand new, always a shitty investment. As soon as you drive it off the forecourt it loses value. I always go for 6-9 months old.

I will be getting a new whip in the next bull cycle again, well a 6-9 month old one Smiley

If you are worried about value.. then frequently three years is pretty good on the depreciation and still having good chances of being like new.. partly depending on how much it might have had been used too... but hey.. yeah, the markets surely do change and some cars hold their value more than others.. but we could not necessarily count on newer cars (less than 3 years old) holding their value very well.

In my own situation, several times I had mentioned that in more than my first 20 years after leaving home, I had never bought any new cars (unlike a lot of my friends), and around 2010 or so - I was starting to feel that I had a lot of excessive income, savings and investments, so at some point, we might no longer care about whether some of our "consumables" are holding their value .. because we don't mind spending some excessive money.. and at the same time, I do get what might be your point.. which might be that there are too many people who buy way too many depreciating consumables way too early in their living (or what should be investing periods of their lives), but if they had invested their money in decently good ways, then at later points.. maybe 10, 20 or 30 years later, then they likely could end up in a place in which they might be able to spend way more than they had been doing in what should have had been in their earlier investing and saving years.

Many of us likely realize that if we are building our own wealth and starting out without too many resources or income and maybe we have to invest in ourselves (college or some kind of learning or trade), and it may well be quite difficult to really build wealth in such a way that we have excess wealth at any time prior to 10 years into our building of our savings/investing.. and sometimes we might have some difficulties getting to that point even after 20 or 30 years, so how are we going to know if we have reached a kind of "excess wealth" status, or if we might be living within a kind of false perception of the solidness of our own situation?

It seems to me that getting involved in bitcoin likely does help us to be able to build a kind of potential of being able to short-cut the amount of time that it is going to take to get to a kind of excess wealth status.. and still I have my doubts absent some unusual, lucky or false sense of reality circumstances, about getting to a kind of "excessive wealth status" in less than 10 years..

...and frequently we are likely going to be needing some decent amounts of wealth cushion in our lives prior to pulling various forms of fuck you levers** (and maybe that could be part of the rationale for diversifying some of our wealth as we have gained wealth.. in order to that we might not have all of our wealth in one or two assets.. such as ONLY in bitcoin and cash.. even though I surely am not against the idea of focusing and not diluting investing amounts in our earlier stages of building our investment portfolio, which may well end up meaning ONLY having a couple of investments in the first several years (maybe even the first 5-8 years or so).. but at some point, there likely is some needs for diversification outside of bitcoin - such as into equities, property, commodities, bonds (or cash equivalents).. and surely shitcoins are not really necessary as a diversification.. even if they might scratch some kind of a gambling itch.. so long as their amounts are kept in the low-ish category.. perhaps less than 10 % of the size of our bitcoin investment size might be within the realm of acceptable.

** surely I recall some forum members (WO participants) telling us how within their bitcoin (and shitcoin) journies they had pulled the fuck you lever way too early.. which really seems to be problematic to get into a position to have to go back to working as a Wallmart greeter after believing that you had enough wealth to support the costs of a yacht and including the lifestyle of hookers, Lambos and blow... (and yeah many times these guys and gals are not really going to disclose exactly and we may well be able to reasonably infer the situation and they may well end up admitting to how tricky it can be to get to a kind of excessive wealth status that might rise to reasonable expectations of fuck you status - rather than pie in the sky thinking status) and surely my own perception is to build the wealth to such a level that you would be living off the income from the principle (passive income) which would be in the ballpark of 4% per year, rather than depleting the principle.. and easier said than done to accomplish appropriate valuations regarding what is the value of the principle. and then how to calculate withdrawing the 4%.. and do you really have enough to start withdrawing and are you overly withdrawing or what?  and is your investments their value.. or sufficiently appreciating (on average) to justify your 4% withdrawal rate..
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June 10, 2023, 11:40:12 AM
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June 10, 2023, 12:24:31 PM

Meanwhile..
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June 10, 2023, 12:47:13 PM
Last edit: June 10, 2023, 01:05:57 PM by Paashaas
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Most people here will be driving a brand new car in approximately 24 months from now.  Smiley

Never buy brand new, always a shitty investment. As soon as you drive it off the forecourt it loses value. I always go for 6-9 months old.

I will be getting a new whip in the next bull cycle again, well a 6-9 month old one Smiley

Yhea, depreciation value is notorious the moment driving off from the dealer. Will import a car from Germany they have bigger supply and it is substantial cheaper, preferably between 1000km/621miles and 10.000km/6.213miles range. It will be a Mercedes, BMW ore a Porsche.

Nevertheless, knowing what's coming, it is fun and exciting at the same time looking around for models to pick from.

Hope seeing you there with Ferrari Purosangue or Porsche Macan.

No space for weak hands. Haha

Would love driving a Ferrari portofino, it is the ultimate leisure car for those sunny day's. Who knows what will happen maybe in 10 a 20 years lol.
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June 10, 2023, 01:24:54 PM

Brutal

I tell ya its tough out there. Being in crypto gets you no respect.

Went to the barber today, said what kind of haircut can I get for 100 DOGE

He said 100 DOGE gets you a shampoo of my balls

Then he doused me with barbicide and set me on fire

No respect at all

If my barber shampoos my balls for 100 doge I am getting a lot of ball shampoos Grin
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