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

[Hueristic]

1992  rate was 7.875% 30 years

We paid it off in 7 years. I quit smoking in 1996 so at that time 25 a week for smokes went to pay mortgage down. Homes were cheap in 1992 compared to now.

The mortgage was not too high. So 125 a month x 12 = 1500 a year extra for the mortgage. NJ lets you pay it down without penalty. Our house is over 500k now a nice jump from 144k in 1992.

No that's not nice, its a cost of living increase that is insidious as you pay more in taxes yet if you sell you cannot go anywhere else cheaper.

Its a massive scam nationwide to fleece the middle class.

Whats worse is its our tax money that was used to buy all our property values up for the benefit of the hedge funds.

Before I click on the source I'm like "well that's obviously ChatGPT blah blah blah." ... click, "yup, no surprise, lol."
Be interested to know your prompt though I know what words/names were obviously included in it.

that's literally the joke.

Bitcoin over $30K ??

Oh no, the whales can't have that going on for long.

No no no.

Time to Bart smack it back down in 3...2...1...

Doing their best to scare the sheeple while they accumulate themselves, once the flood gate open put on your goggles.

[1714220899]

1714220899

[Biodom]

1992  rate was 7.875% 30 years

We paid it off in 7 years. I quit smoking in 1996 so at that time 25 a week for smokes went to pay mortgage down. Homes were cheap in 1992 compared to now.

The mortgage was not too high. So 125 a month x 12 = 1500 a year extra for the mortgage. NJ lets you pay it down without penalty. Our house is over 500k now a nice jump from 144k in 1992.

No that's not nice, its a cost of living increase that is insidious as you pay more in taxes yet if you sell you cannot go anywhere else cheaper.

Its a massive scam nationwide to fleece the middle class.

Whats worse is its our tax money that was used to buy all our property values up for the benefit of the hedge funds.

Sometimes a house is just mostly a living space and that's how I rationalize it.
Somehow, I never thought about it as an investment, but I understand many people are thinking otherwise.

Texas is not great in appreciation..I calculate just about 3% per year in the last 23 years vs Phil's 4.25% a year (from his numbers, assuming, arbitrarily, $520K for current as 'above 500').

Of course, 'bitchy' Texas RE taxes of almost 2% are not in the calculation.
I probably paid a bit more than 200 grand for RE tax+HOA fees over the duration.
There goes the appreciation "idea".

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

1992  rate was 7.875% 30 years

We paid it off in 7 years. I quit smoking in 1996 so at that time 25 a week for smokes went to pay mortgage down. Homes were cheap in 1992 compared to now.

The mortgage was not too high. So 125 a month x 12 = 1500 a year extra for the mortgage. NJ lets you pay it down without penalty. Our house is over 500k now a nice jump from 144k in 1992.

No that's not nice, its a cost of living increase that is insidious as you pay more in taxes yet if you sell you cannot go anywhere else cheaper.

Its a massive scam nationwide to fleece the middle class.

Whats worse is its our tax money that was used to buy all our property values up for the benefit of the hedge funds.

Before I click on the source I'm like "well that's obviously ChatGPT blah blah blah." ... click, "yup, no surprise, lol."
Be interested to know your prompt though I know what words/names were obviously included in it.

that's literally the joke.

Bitcoin over $30K ??

Oh no, the whales can't have that going on for long.

No no no.

Time to Bart smack it back down in 3...2...1...

Doing their best to scare the sheeple while they accumulate themselves, once the flood gate open put on your goggles.

https://www.in2013dollars.com/us/inflation/1992

"a 1992 dollar is 2.17 today" from link above

so 2.17 x 90k down payment = 195k my home is 540k

I spent 18k a year to stay in my home this includes everything. even paying the mortage

I would have spent 24k a year in rent and 6k in utilities or 30k a year.

so 31 x 12k  = 372k saved by owning the home.

I am 340k ahead of core inflation rate
I am 372k ahead of renting.

that's a net of 712k better off.

Which is most of my net worth as I am under 1.3 million in worth. Not counting my pensions.

Yeah maybe going into the dow in 1992 and renting would have been better.

And buying 100 btc for 1200 really would have been better.

[Hamza2424]

Keep going up, Make each and every one of those crying, who still haven't filled up the bags. Because we need something like this.

[Hamza2424]

https://www.in2013dollars.com/us/inflation/1992

"a 1992 dollar is 2.17 today" from link above

so 2.17 x 90k down payment = 195k my home is 540k

I spent 18k a year to stay in my home this includes everything. even paying the mortage

I would have spent 24k a year in rent and 6k in utilities or 30k a year.

so 31 x 12k  = 372k saved by owning the home.
I am 340k ahead of core inflation rate
I am 372k ahead of renting.
that's a net of 712k better off.
Which is most of my net worth as I am under 1.3 million in worth. Not counting my pensions.
Yeah maybe going into the dow in 1992 and renting would have been better.
And buying 100 btc for 1200 really would have been better.

ohh noo this is one of those reasons why I hate maths..

[JayJuanGee]

Bitcoin over $30K ??

Oh no, the whales can't have that going on for long.

No no no.

Time to Bart smack it back down in 3...2...1...

Are you trying to use reverse psychology? 

There's no way that you really could be cheering for DOWNity, amInotrite?


Oh?  .........wait.....     I forgot.. you want get back to your soothsayer wannabe numerologenies.. even though that voo-doo science barely even works, half the time... even though you surely continue to swear by it.. and even proclaim that it's working on a regular basis.. You are surely going to have to come up with some kind of a new theory when the BTC price starts gravitating around some other price point.. ... will it be your whining about $50k can't be breached to the upside or maybe it will be your crying about the inability to get over $100k? .

 

1992  rate was 7.875% 30 years

We paid it off in 7 years. I quit smoking in 1996 so at that time 25 a week for smokes went to pay mortgage down. Homes were cheap in 1992 compared to now.

The mortgage was not too high. So 125 a month x 12 = 1500 a year extra for the mortgage. NJ lets you pay it down without penalty. Our house is over 500k now a nice jump from 144k in 1992.

No that's not nice, its a cost of living increase that is insidious as you pay more in taxes yet if you sell you cannot go anywhere else cheaper.

Its a massive scam nationwide to fleece the middle class.

Whats worse is its our tax money that was used to buy all our property values up for the benefit of the hedge funds.

Sometimes a house is just mostly a living space and that's how I rationalize it.
Somehow, I never thought about it as an investment, but I understand many people are thinking otherwise.

Texas is not great in appreciation..I calculate just about 3% per year in the last 23 years vs Phil's 4.25% a year (from his numbers, assuming, arbitrarily, $520K for current as 'above 500').

Of course, 'bitchy' Texas RE taxes of almost 2% are not in the calculation.
I probably paid a bit more than 200 grand for RE tax+HOA fees over the duration.
There goes the appreciation "idea".

Yeah.. there might be some circumstances in which your house is storing value at a greater rate than the cost of living, but for the most part it is merely causing you to lose money less quickly than the renters.  The renters are fucked even worse, especially if they also do not otherwise invest in anything... since it seems that the vast majority of any kind of investment that many (most) people make is into their houses or if they might have a 401k at their job, and some people do not even take advantage of their 401k plans, but it would be the other place in which there might be investments. .. otherwise people are less likely to have investments or to be in a practice of investing in things that might either keep up with inflation or perhaps outperform inflation in small ways (maybe lucky ways if they don't fuck it up too much).   

Bitcoin might not completely resolve (fix) these matters, but it does seem to give some decent potentials for outperformance of the cost of living rises.. that surely is even likely to beat both property ownership and also stocks and commodities.. even if there are not exactly guarantees, there do seem to be pretty decent odds that bitcoin is going to continue to outperform all other asset classes - and if you are whimpy about such an idea then take a smaller bitcoin position and if you are more bullish about it, then take a larger position.. working out the details of how much of a position to take, whether to reallocate or diversify are also questions that likely have to do with our ongoing living in ways that in order to be practical (and living in the real world with expenses and also various kinds of volatility (should we call them battles resisting the greatest transfer of wealth in history?)) we are likely going to need to keep some value in various fiat systems and in bitcoin.. without getting too greedy and still having bitcoin to cross over the finish line at various points in time (without losing it or getting it taken from us at various points in our short lives when we might need it).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

[Torque]

1992  rate was 7.875% 30 years

We paid it off in 7 years. I quit smoking in 1996 so at that time 25 a week for smokes went to pay mortgage down. Homes were cheap in 1992 compared to now.

The mortgage was not too high. So 125 a month x 12 = 1500 a year extra for the mortgage. NJ lets you pay it down without penalty. Our house is over 500k now a nice jump from 144k in 1992.

No that's not nice, its a cost of living increase that is insidious as you pay more in taxes yet if you sell you cannot go anywhere else cheaper.

Its a massive scam nationwide to fleece the middle class.

Whats worse is its our tax money that was used to buy all our property values up for the benefit of the hedge funds.

Yeah, totally agree.

After 5 years living on our property, our tax man reassessed ours based on skyrocketing land values in the area.

Our property value went up ~40%.

Most people would be like "Hell yeah! My house/land value increased ~40% in just 5 years!"

Well so did my yearly property taxes by that same amount. On a property I already paid for in full and plan to never leave.

So no, this fkn sucks. I'd be happier if for the rest of my life they valued my house and land at $0.

[JayJuanGee]

And buying 100 btc for 1200 really would have been better.

It is difficult (and maybe not realistic to hypothesize like that) to just pick a lump sum price, and to say that I could have afforded to buy 100 BTC for $12 each and then mostly have had been able to hang onto them for 12 years blah blah blah... when the fact of the matter was that you were shedding BTC for almost all of those last 12 years... except maybe more recently you are trying to figure out how to hang onto more BTC, but you still seem to have an ongoing dollar biasness that makes it difficult for you to hang onto your BTC...

That's part of the reason that dollar cost average buying is better for really solidifying a position is that it can end up taking place over a decently long time and will also have better chances of facilitating strong hands and longer term thinking in regards to maintaining the stash ... and don't be trying to sell BTC in order to buy more BTC at cheaper prices. even though surely if you are in a business (the mining business) that causes you to have regular income coming in through BTC, then you are somewhat of a forced seller.. but you still need to figure out your HODL mostly cold storage targets along the way.. so let's say even if you had regularly screwed up and you are kind of continuing to regularly screwing up (maybe you cannot be fixed), but just for the sake of other members who might find themselves in similar situations, there are needs to accumulate and to keep some of that value in cold storage so that you are not tempted to sell it and to try to buy back later..

Sure selling small amounts of BTC on the way up might be o.k... but ONLY small enough amounts that you are not really depleting your principle.. although with more elderly people who are  getting into their 60s or even late 60s, they might not really be in any kind of accumulation stage anymore but instead either maintenance or even perhaps quite likely liquidation stages.. so once you get to a more elderly stage, you likely are considering ways to spend your wealth.. but if you are not sure how many years that you might be living then you may well be teetering more between liquidation and maintenance and maybe not even trying to spend too much too quickly.

None of us can know the exact solution for anyone else.. even though we may well realize that if we have an investment timeline that is 4-10 years or longer, then we may well be mostly trying to focus on BTC accumulation through the three most common BTC accumulation methods of DCA, buying on dips and lump sum investing.. while at the same time keeping a kind of eye on the prize of making sure that our BTC is mostly growing while we are in the accumulation stages, and if we spend any BTC, then we are doing spend and replace

Hopefully replacing with more BTC than the quantity of BTC that we had spent, even if it might cost us a bit more if we don't time some of our spend and replaces very well... and shit does some times happen.. including mistakes sometimes happen along the way too.. maybe the mistakes are in a state of almost inevitable.  For sure, I am not even suggesting that I am free from mistakes.  I am still making little tweaks here and there to continue to figure out ways to take advantage of my mid-June Binance US windfall in which I ended up with quite a few extra Tether USD.. since within hours (or was it minutes) of the actual windfall, I had pretty much bought back more than 125% of the quantity of the BTC that I had sold, just so that I could at least lock into place that I would not end up with fewer BTC out of the whole situation.. so even if I already feel that I have more BTC than I need, I did not want my mid-June windfall to cause me to have fewer BTC than I had planned to have had - even though I had received a premium price for many of them, and even if I used all of my remaining USDT to buy back more BTC at these here prices, I would be able to buy a decent quantity of BTC --- and part of my point in referring to mistakes is that no matter what any of us might do (or decide to do or to plan) then there are going to be dilemmas and potentially a variety of paths forward and some paths are more obvious than others, and some paths have a variety of tradeoffs that need to account for personal factors. and the various better solutions (since there are probably more than one) are not always clear.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

And buying 100 btc for 1200 really would have been better.

It is difficult (and maybe not realistic to hypothesize like that) to just pick a lump sum price, and to say that I could have afforded to buy 100 BTC for $12 each and then mostly have had been able to hang onto them for 12 years blah blah blah... when the fact of the matter was that you were shedding BTC for almost all of those last 12 years... except maybe more recently you are trying to figure out how to hang onto more BTC, but you still seem to have an ongoing dollar biasness that makes it difficult for you to hang onto your BTC...

That's part of the reason that dollar cost average buying is better for really solidifying a position is that it can end up taking place over a decently long time and will also have better chances of facilitating strong hands and longer term thinking in regards to maintaining the stash ... and don't be trying to sell BTC in order to buy more BTC at cheaper prices. even though surely if you are in a business (the mining business) that causes you to have regular income coming in through BTC, then you are somewhat of a forced seller.. but you still need to figure out your HODL mostly cold storage targets along the way.. so let's say even if you had regularly screwed up and you are kind of continuing to regularly screwing up (maybe you cannot be fixed), but just for the sake of other members who might find themselves in similar situations, there are needs to accumulate and to keep some of that value in cold storage so that you are not tempted to sell it and to try to buy back later..

Sure selling small amounts of BTC on the way up might be o.k... but ONLY small enough amounts that you are not really depleting your principle.. although with more elderly people who are  getting into their 60s or even late 60s, they might not really be in any kind of accumulation stage anymore but instead either maintenance or even perhaps quite likely liquidation stages.. so once you get to a more elderly stage, you likely are considering ways to spend your wealth.. but if you are not sure how many years that you might be living then you may well be teetering more between liquidation and maintenance and maybe not even trying to spend too much too quickly.

None of us can know the exact solution for anyone else.. even though we may well realize that if we have an investment timeline that is 4-10 years or longer, then we may well be mostly trying to focus on BTC accumulation through the three most common BTC accumulation methods of DCA, buying on dips and lump sum investing.. while at the same time keeping a kind of eye on the prize of making sure that our BTC is mostly growing while we are in the accumulation stages, and if we spend any BTC, then we are doing spend and replace

Hopefully replacing with more BTC than the quantity of BTC that we had spent, even if it might cost us a bit more if we don't time some of our spend and replaces very well... and shit does some times happen.. including mistakes sometimes happen along the way too.. maybe the mistakes are in a state of almost inevitable.  For sure, I am not even suggesting that I am free from mistakes.  I am still making little tweaks here and there to continue to figure out ways to take advantage of my mid-June Binance US windfall in which I ended up with quite a few extra Tether USD.. since within hours (or was it minutes) of the actual windfall, I had pretty much bought back more than 125% of the quantity of the BTC that I had sold, just so that I could at least lock into place that I would not end up with fewer BTC out of the whole situation.. so even if I already feel that I have more BTC than I need, I did not want my mid-June windfall to cause me to have fewer BTC than I had planned to have had - even though I had received a premium price for many of them, and even if I used all of my remaining USDT to buy back more BTC at these here prices, I would be able to buy a decent quantity of BTC --- and part of my point in referring to mistakes is that no matter what any of us might do (or decide to do or to plan) then there are going to be dilemmas and potentially a variety of paths forward and some paths are more obvious than others, and some paths have a variety of tradeoffs that need to account for personal factors. and the various better solutions (since there are probably more than one) are not always clear.

Everybody in bitcoin deserves whatever price they got...and sometimes people 'grow' into it.
That said, who knew in 2012 the extent of what transpired in 2020, for example.
2008 was just a glimpse, although it is kind of crazy when you start to fully comprehend this.

[HI-TEC99]

...

After 5 years living on our property, our tax man reassessed ours based on skyrocketing land values in the area.

Our property value went up ~40%.

Most people would be like "Hell yeah! My house/land value increased ~40% in just 5 years!"

Well so did my yearly property taxes by that same amount. On a property I already for paid in full and plan to never leave.

So no, this fkn sucks. I'd be happier if for the rest of my life they valued my house and land at $0.

It could be worse. Would you rather live here with no property taxes?





I'd bring toilet paper to compliment the food.

[ivomm]

JUST IN: BlackRock has re-filed for spot bitcoin ETF, the resubmission was dated 6/29, Nasdaq just posted tho. They just added Coinbase like everyone else.

Here are the goods…

They actually have agreement & term sheet.

Not just “expecting to enter into SSA”.

https://twitter.com/NateGeraci/status/1675929147795709957

[Biodom]

...

After 5 years living on our property, our tax man reassessed ours based on skyrocketing land values in the area.

Our property value went up ~40%.

Most people would be like "Hell yeah! My house/land value increased ~40% in just 5 years!"

Well so did my yearly property taxes by that same amount. On a property I already for paid in full and plan to never leave.

So no, this fkn sucks. I'd be happier if for the rest of my life they valued my house and land at $0.

It could be worse. Would you rather live here with no property taxes?





I'd bring toilet paper to compliment the food.

insufficient information...

if gf/wife a "thing"...choice #1
if not...Starlink Internet..choice #2

for "toilet paper' you can:

a. quickly rappel down to the ocean bare naked (nobody to see it, right?)
b. do a dog-style wipe on the grass...gross, I know, but you need to "fertilize" those plants 
c. the winner: use the bidet you thoughtfully installed beforehand.

[HI-TEC99]

...

After 5 years living on our property, our tax man reassessed ours based on skyrocketing land values in the area.

Our property value went up ~40%.

Most people would be like "Hell yeah! My house/land value increased ~40% in just 5 years!"

Well so did my yearly property taxes by that same amount. On a property I already for paid in full and plan to never leave.

So no, this fkn sucks. I'd be happier if for the rest of my life they valued my house and land at $0.

It could be worse. Would you rather live here with no property taxes?





I'd bring toilet paper to compliment the food.

insufficient information...

if gf/wife a "thing"...choice #1
if not...Starlink Internet..choice #2

for "toilet paper' you can:

a. quickly rappel down to the ocean bare naked (nobody to see it, right?)
b. do a dog-style wipe on the grass...gross, I know, but you need to "fertilize" those plants  
c. the winner: use the bidet you thoughtfully installed beforehand.

Do bidets run on water you got from the well? I doubt they are hooked up to the local water grid there.

I doubt the gf/wife would be too happy at being forced to do a dog-style wipe on the grass.

[Biodom]

...

After 5 years living on our property, our tax man reassessed ours based on skyrocketing land values in the area.

Our property value went up ~40%.

Most people would be like "Hell yeah! My house/land value increased ~40% in just 5 years!"

Well so did my yearly property taxes by that same amount. On a property I already for paid in full and plan to never leave.

So no, this fkn sucks. I'd be happier if for the rest of my life they valued my house and land at $0.

It could be worse. Would you rather live here with no property taxes?





I'd bring toilet paper to compliment the food.

insufficient information...

if gf/wife a "thing"...choice #1
if not...Starlink Internet..choice #2

for "toilet paper' you can:

a. quickly rappel down to the ocean bare naked (nobody to see it, right?)
b. do a dog-style wipe on the grass...gross, I know, but you need to "fertilize" those plants  
c. the winner: use the bidet you thoughtfully installed beforehand.

Do bidets run on water you got from the well? I doubt they are hooked up to the local water grid there.

I doubt the gf/wife would be too happy at being forced to do a dog-style wipe on the grass.

1) ESG dictates that I got to use rain water storage for that, hehe
2) yeaaah, I imagined asking mine about it, so a solid "no"

...family style rappelling can still work, lol

EDIT: you made me laugh, buddy, so...thanks!

[bitcoinPsycho]

<green_phallus.jpg>

 

African Nigroo

Not what you want

close the door on the way out jackass

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com