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

[JimboToronto]

....

Dude,  I'm gonna break my cardinal rule and bite and give you your much sought after attention.
With your shitty attitude towards this thread/topic, why are you even hanging out here, ffs?
And while your at it, it's a public forum, so at least check your punctuation/spacing/caps so you don't look like the idiot you are.

You answered your own question.

[1714329966]

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[1714329966]

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[1714329966]

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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

My primary source of bitcoin accumulation is through signature campaigns here. Can't use credit card to buy bitcoin.

You should never use a credit card to buy Bitcoin, only cash. Cash is anonymous.

_______

Edit: I just noticed that my activity and merit are finally at par. It's been a long way.

Use anonymous cash to buy Pseudonym Bitcoin  

This is a great example (even though it is sad and a bit depressing, too).

Historically, I have tended to lecture forum members about any kind of overly dependence on merely earning bitcoin rather than buying bitcoin.. because sometimes there can be ways to earn money (including fiat) that is going to allow you to buy way more bitcoin than you are able to from earning, whether we are referring to a signature campaign or other ways that you might be able to get paid for providing goods, services and/or labor...

Accumulating Bitcoin with slow pace is better then no accumulation at all. There are ways to get Bitcoin like p2p trading in Binance but the issue is you need to perform KYC with Binance and that expose you. So its better not to get exposed by such platforms.

You are right that I must look to buy Bitcoins from members here but for that I need to figure out how to settle transaction.

You cant say when one will make it to 1 BTC, no one can predict future price of Bitcoin.

[philipma1957]

Have you reached 1BTC yet?

If not, what the fuck are you doing with your life?

What are you gonna tell your future kids and grandkids when they ask you why your bitcoin stash is so pathetic when you knew about it in 2023 or earlier?

You might be being too harsh LFC.  I surely agree with the idea of shaming nocoiners and low coiners who had not been sufficiently aggressive, but even $100 per week would have had need to be investing since the beginning of 2020 in order to get to the accumulation of 1BTC.

And there surely are some people who are not even able to invest $100 per week, but yeah sure, if they are able to invest $100 per week and they are not, then they should be shamed.. but then another question is when did they find out about bitcoin.. early 2020 or some later point.

By the way, the $10 per week person would have had to be investing since June 2016 in order to get to 1 BTC.

Don't get me wrong, I am not trying to give anyone any kind of free pass, but the fact of the matter, is that it is getting more and more difficult to accumulate a whole BTC.. and that seems to be part of the reason that we are likely going to NOT be too elitist in terms of maybe currently having a kind of expectation that people currently (or recently) finding out about bitcoin might need to shoot for some lower level goal.. such as 21 million sats or maybe 10 million sats or maybe even 1 million sats. .but surely if they have known about bitcon for a few years, they should already be past those levels..

again depending on their monthly budget and/or how aggressive that they are able to be without screwing things up too much in terms of losing their coins.. which would be even a worse outcome for those who might end up overdoing it in such a way that they are not able to hang onto whatever coins that they are able to accumulate.. because I think that part of this bitcoin accumulation game should be creating such a strategy that you are constantly and continuing to build your BTC stash until you get to such a point that is close to your own fuck you status... and that could take 20-30 years in regular systems, even though bitcoin likely has been able to provide ways that even normies could have gotten to fuck you status in less than 10 years. .which surely is not a usual kind of investment, and bitcoin seems to continue to be a strong investment in terms of short-cutting the getting to fuck you status as long as you don't screw things up by over doing it too much.

@BritishHodl
..........[edited out]........
They'll want to own ONE #Bitcoin  just to say "fuck you".

That's the real hunger games.

When logic drains away.

And emotion takes over.

Desire for status takes over.

Animal instinct of the wealthiest takes over.
https://x.com/britishhodl/status/1706297759928557576

Even my entry-level fuck you status chart shows that it could take until late 2043 for one 1 BTC to be enough for entry-level fuck you status... and sure, it is probably way easier to be trying to front-load your BTC investment to try to get the 1BTC earlier rather than later, but still I doubt that it is fair to presume that everyone is able to invest aggressively in order to get to 1 BTC quicker than their cashflow and expenses allow them to get there.. and surely anyone with an investment portfolio of $100k or more could end up choosing to allocate 25% to BTC investments, but it is not clear that s/he would still be able to get to 1 whole bitcoin right away or if it would necessarily be good advice to immediately reallocate his/her investment portfolio in order to get 1 BTC in there at this time.. so there are some individualistic particulars that are best to be attempting to accounting.

Have you reached 1BTC yet?

If not, what the fuck are you doing with your life?

What are you gonna tell your future kids and grandkids when they ask you why your bitcoin stash is so pathetic when you knew about it in 2023 or earlier?

Reasons for me not reaching to 1 BTC:

1) Bitcoin was already above 10k when I started accumulating it.

2) It's not easy for me to accumalte bitcoin as it's declared illegal in my country (Pakistan). My primary source of bitcoin accumulation is through signature campaigns here. Can't use credit card to buy bitcoin.

My pace is slow but I am still not giving up on bitcoin accumaltion.

This is a great example (even though it is sad and a bit depressing, too).

Historically, I have tended to lecture forum members about any kind of overly dependence on merely earning bitcoin rather than buying bitcoin.. because sometimes there can be ways to earn money (including fiat) that is going to allow you to buy way more bitcoin than you are able to from earning, whether we are referring to a signature campaign or other ways that you might be able to get paid for providing goods, services and/or labor...

So surely, I have sympathies for when forum members (or any other normies) have a lot of difficulties figuring out how to get BTC based on their own physical location that may well either be hostile to bitcoin or not really having ways in which you are able to find ways to purchase bitcoin... and there could be some ways that you might be able to buy some bitcoin from forum members. that is if you are able to generate some cash in other ways.. but of course, hopefully you are ongoingly trying to figure out ways that you are able to get BTC besides merely relying on signature campaigns... but surely persistence with signature campaigns could also get you over 1 BTC in less than 10 years.. maybe even less than 5 years.. .. but maybe those days are gone?

Absolute mad man, but you gotta love it.
@saylor
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin . As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR
https://t.co/GbJtUoQfXv
https://x.com/saylor/status/1706278284651077714

If it mooned to 200k he would go from 4.68 billion to over 26 billion

Do you think he will be able to cash out that much in time?

Saylor and/or MSTR is likely not going to cash out, but if he/MSTR wanted to cash out more than $26 billion at around those $200k-ish prices (or close to $32 billion in my corrected stats), he/MSTR could do that.

Sounds like you don't know nuttin, @Sophokles.

http://

Do you think he will be able to cash out that much in time?

Saylor isn't going to cash out the bitcoin.  You and Laura Shin apparently don't understand: "It's going up forever".

what is he going to do with it, then? Only watching it grow and drink beer!

You sound really lost @Sophokles.

Do you really believe that if bitcoin were to go to $200k and Saylor's/MSTR's coins go up from just under $5 billion to nearly $32 billion, then he is going to need to sell in order to reap benefits from having such cornz? 

Try MOAR harder.  You can do better than that.  Can't you?

[edited out]

Strictly speaking, to arrive at net worth (or rather net asset value for MSTR), you need to subtract 4.68 bil from your number, arriving at 26.96 bil, but what's extra few bil among WOers, lol. Btw, currently, MSTR has a negative net asset value, which did not preclude wall street from assigning multi billion $$ valuation to the company.

In fact, current MSTR valuation (at $4.615 bil) suggests that wall street is valuing btc to be at least $58,738 sometime soon (4.615bil+4.68bil=9.295bil/158245btc=~$58738/btc

Those are fair points, but it seems to me that we were talking about the value of the BTC going up from a little less than $5 billion to a little more than $32 billion... so you seem to be making a different point, at least from the one that I was making.. maybe Phil could end up agreeing with you that was what he was talking about... perhaps?  I surely wasn't talking about that.

If it moons from 5 to 32

he would sell around 10

all the rest would essentially be free.

And once he pays taxes on the 10 dropping back to 6.  He has 6 cash to wait for a buy the dip move.

[Hamza2424]

....

Dude,  I'm gonna break my cardinal rule and bite and give you your much sought after attention.
With your shitty attitude towards this thread/topic, why are you even hanging out here, ffs?
And while your at it, it's a public forum, so at least check your punctuation/spacing/caps so you don't look like the idiot you are.

  simply if you are not fluent in English, approach Grammarly.. It might fix it.

Currently, my focus for goals is
1. work as well as possible so that my financial condition is guaranteed.
2. looking for someone with whom I can have a serious relationship.
3. DCA to smooth my intention to reach 1 bitcoin or more if I can.

Hmm, Best of Luck buddy for your Goals.. If you are really as dedicated as you are saying..  

Accumulating Bitcoin with slow pace is better then no accumulation at all. There are ways to get Bitcoin like p2p trading in Binance but the issue is you need to perform KYC with Binance and that expose you. So its better not to get exposed by such platforms.

You are right that I must look to buy Bitcoins from members here but for that I need to figure out how to settle transaction.

You cant say when one will make it to 1 BTC, no one can predict future price of Bitcoin.

Better to look for it in the local section as it will be easier for you, the Seattle transection, and find out the most suitable person to deal with. For identity abuse, most people do not really care about it, as they might be unaware of the consequences, But it should be taken into count.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

With the threat of a mtgox massive sudden dump on the market seemingly not being an issue for another year, the current threat seems to be Binance failing as a result of reduced investment. This is likely caused by wider economic issues and historically high interest rates. I suspect these problems are short term and temporary, but may create a nice dip to buy in the coming weeks.

[eXPHorizon]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

....

Dude,  I'm gonna break my cardinal rule and bite and give you your much sought after attention.
With your shitty attitude towards this thread/topic, why are you even hanging out here, ffs?
And while your at it, it's a public forum, so at least check your punctuation/spacing/caps so you don't look like the idiot you are.

The question i repeatedly asked myself regarding our good ole RealRoach...
In every serious thread there's a serious troll, it seems.

[...]

R0ach was much better. He was entertaining at least, if you excluded all the Nazi shit.

Now we have a failed beggar nocoiner basement-living incel who found god... 

I don't mind. My Ignore list is empty and always will be. WO is much better that way. Raw & uncensored. Just use a mouse with a good, heavy, free-rolling scroll wheel.

[JayJuanGee]

http://

Do you think he will be able to cash out that much in time?

Saylor isn't going to cash out the bitcoin.  You and Laura Shin apparently don't understand: "It's going up forever".

what is he going to do with it, then? Only watching it grow and drink beer!

You sound really lost @Sophokles.

Do you really believe that if bitcoin were to go to $200k and Saylor's/MSTR's coins go up from just under $5 billion to nearly $32 billion, then he is going to need to sell in order to reap benefits from having such cornz?  

Try MOAR harder.  You can do better than that.  Can't you?

Those guys never sell their assets. Not a piece of it, and I know there are other ways to make profits from those assets without selling them. I tried to figure out what they were thinking.

I doubt that you were posting in a way that any of us (in these here parts) should be taking seriously.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

....

Dude,  I'm gonna break my cardinal rule and bite and give you your much sought after attention.
With your shitty attitude towards this thread/topic, why are you even hanging out here, ffs?
And while your at it, it's a public forum, so at least check your punctuation/spacing/caps so you don't look like the idiot you are.

The question i repeatedly asked myself regarding our good ole RealRoach...
In every serious thread there's a serious troll, it seems.

[...]

R0ach was much better. He was entertaining at least, if you excluded all the Nazi shit.

Now we have a failed beggar nocoiner basement-living incel who found god... 

I don't mind. My Ignore list is empty and always will be. WO is much better that way. Raw & uncensored. Just use a mouse with a good, heavy, free-rolling scroll wheel.

Yadi yada bla bla bla.

To you and others it may seemed like Begging sure but it was more of a crowdfunding step to a Master Plan you can not even comprehend the level and detail it would go into.. I am not surprised that you n others are so limited on perspectives.

I guess i owed ya the Explanation but nah no more you can judge on however you like and make up storys to fit your persona.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

https://www.coindesk.com/policy/2023/09/26/us-house-lawmakers-push-secs-gensler-to-approve-spot-bitcoin-etf-immediately/

U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’
Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.
By Jesse Hamilton
AccessTimeIconSep 26, 2023 at 2:46 p.m. CDT
Updated Sep 26, 2023 at 2:49 p.m. CDT
Lawmakers from both parties are urging U.S. Securities and Exchange Commission Chair Gary Gensler to move on approving a spot bitcoin ETF. (Win McNamee/Getty Images)

Four members of the House Financial Services Committee – including Rep. Tom Emmer, the majority whip in the House leadership – called on the SEC to move forward to approve ETF applications, and they'll be able to ask him about it at a hearing this week.

The industry is waiting for the regulator to act after the SEC lost a court fight over its decision to reject Grayscale's spot bitcoin ETF application.
The U.S. Securities and Exchange Commission (SEC) should listen to the courts and give up efforts to block bitcoin exchange traded funds (ETFs) from regulatory approval, a bipartisan group of lawmakers argued Tuesday in a letter to SEC Chair Gary Gensler.

On the eve of his scheduled appearance before the House Financial Services Committee, four members of that panel sent Gensler a letter contending that a spot bitcoin ETF is “indistinguishable” from the crypto futures ETFs for which the agency has already granted its blessing. Because of that, the agency should sign off on applicants requesting SEC approval, such as Fidelity, BlackRock’s iShares and Grayscale Investments, which shares CoinDesk’s parent company, Digital Currency Group.

“The SEC's current posture is untenable moving forward," said the letter from Reps. Mike Flood (R-Neb.), Tom Emmer (R-Minn.), Wiley Nickel (D-N.C.) and Ritchie Torres (D-N.Y.). "Following the Court of Appeals' decision, there is no reason to continue to deny such applications under inconsistent and discriminatory standards."
Last month, a judge in the D.C. Circuit Court of Appeals' instructed the SEC to rethink its view on these applications. Circuit Judge Neomi Rao wrote that the agency’s rejection in the Grayscale case had been "arbitrary and capricious."

The House lawmakers urged the SEC to approve the outstanding applications “immediately.” Gensler is set to appear in an SEC oversight hearing in that committee on Wednesday, so the members will have a chance to question him on the topic.

A bitcoin ETF could allow investors a much easier way to put money into the cryptocurrency market, because ETFs are designed to be simple to trade in and out of through brokerage accounts.

Emmer, who is a member of the House leadership as majority whip, Flood and Torres are members of the Congressional Blockchain Caucus in the House.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

https://www.coindesk.com/policy/2023/09/26/us-house-lawmakers-push-secs-gensler-to-approve-spot-bitcoin-etf-immediately/

U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’
Members of the House Financial Services Committee – two from each party – wrote a letter to Securities and Exchange Commission Chair Gary Gensler urging ETF action.
By Jesse Hamilton
AccessTimeIconSep 26, 2023 at 2:46 p.m. CDT
Updated Sep 26, 2023 at 2:49 p.m. CDT
Lawmakers from both parties are urging U.S. Securities and Exchange Commission Chair Gary Gensler to move on approving a spot bitcoin ETF. (Win McNamee/Getty Images)

Four members of the House Financial Services Committee – including Rep. Tom Emmer, the majority whip in the House leadership – called on the SEC to move forward to approve ETF applications, and they'll be able to ask him about it at a hearing this week.

The industry is waiting for the regulator to act after the SEC lost a court fight over its decision to reject Grayscale's spot bitcoin ETF application.
The U.S. Securities and Exchange Commission (SEC) should listen to the courts and give up efforts to block bitcoin exchange traded funds (ETFs) from regulatory approval, a bipartisan group of lawmakers argued Tuesday in a letter to SEC Chair Gary Gensler.

On the eve of his scheduled appearance before the House Financial Services Committee, four members of that panel sent Gensler a letter contending that a spot bitcoin ETF is “indistinguishable” from the crypto futures ETFs for which the agency has already granted its blessing. Because of that, the agency should sign off on applicants requesting SEC approval, such as Fidelity, BlackRock’s iShares and Grayscale Investments, which shares CoinDesk’s parent company, Digital Currency Group.

“The SEC's current posture is untenable moving forward," said the letter from Reps. Mike Flood (R-Neb.), Tom Emmer (R-Minn.), Wiley Nickel (D-N.C.) and Ritchie Torres (D-N.Y.). "Following the Court of Appeals' decision, there is no reason to continue to deny such applications under inconsistent and discriminatory standards."
Last month, a judge in the D.C. Circuit Court of Appeals' instructed the SEC to rethink its view on these applications. Circuit Judge Neomi Rao wrote that the agency’s rejection in the Grayscale case had been "arbitrary and capricious."

The House lawmakers urged the SEC to approve the outstanding applications “immediately.” Gensler is set to appear in an SEC oversight hearing in that committee on Wednesday, so the members will have a chance to question him on the topic.

A bitcoin ETF could allow investors a much easier way to put money into the cryptocurrency market, because ETFs are designed to be simple to trade in and out of through brokerage accounts.

Emmer, who is a member of the House leadership as majority whip, Flood and Torres are members of the Congressional Blockchain Caucus in the House.

The SEC gives a fuck:

January bound: SEC sets decision date on Ark, 21Shares bitcoin ETF

The Securities and Exchange Commission has posted an apparent reminder it doesn’t want to rush a decision on approving or denying the latest wave of spot bitcoin ETFs. 

<...>

But the SEC revealed Tuesday — weeks before that deadline — that it would take until Jan. 10 to approve or deny the product.

[sirazimuth]

…
Now we have a failed beggar nocoiner basement-living incel who found god…

…..

Oh (mythical) gawd! Don’t get me started…

[philipma1957]

…
Now we have a failed beggar nocoiner basement-living incel who found god…

…..

Oh (mythical) gawd! Don’t get me going…

what do you like for your god no one?

an atheist or a nihilist.

i am more of an agnostic i am just smart enough to know i simply dont know

[AlcoHoDL]

Fun calculation:

On 1 August 2017, Bitcoin Cash (BCH) forked from the main Bitcoin (BTC) blockchain. If you had x BTC at that time, you were given x BCH. Consider the following 2 choices:

1. Keep the forked BCH,
2. Sell the forked BCH and buy BTC.

Picking option (1) in September 2017, your x BCH, then worth around x * $500, today would be worth x * $200 ---> 60% LOSS

Picking option (2) in September 2017, your x BCH, then worth around x * $500 would buy you x * $500 / $4000 BTC at that time, which today would be worth x * $26000 * $500 / $4000 = x * $3250 ---> 550% GAIN

For exact values, replace x with the amount of BTC you had at the time of the fork.

Prices are rough & rounded approximations of spot prices of then and now. The difference in outcome is so huge that the accuracy of prices used is almost irrelevant. We're talking about 1 to 2 orders of magnitude gain in picking (2) vs. (1).

tl;dr: Fork your mother if you want fork! Get rid of all your shitcoins ASAP ---> convert to BTC ---> wait. Tried & tested, never fails.