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

[Biodom]

Dollar buys half of RE in comparison with 2020:

https://www.nbcnews.com/business/real-estate/home-prices-high-mortgage-rates-how-much-money-to-afford-rcna120801

That said...
..If you had $324K (worth an average house price) on Jan 1 2020 in the bank, you could buy only about 3/4 of a house (if you are buying in "cash" and with current average house prices at $446 thou), but
..if you had $324K in SP500, you can still buy that house as SP500 went proportionally up (SPY from 321.7 to 421.19, roughly matching the rise in house prices)
...if you had $324K in bitcoin back then (34.5 btc), you can buy two averagely priced houses right now with no mortgage (if you want 'em) and have about $100K leftover (0.34 house).

Bottom line is that in this case you would be essentially unaffected by the affordability crisis described in the link.
Just FYI and another description of why it "pays" to be in bitcoin, long term.

I kind of like your set up Biodom - but still from where are you getting your numbers for BTC?  

When I look at January 2020, I see BTC prices around $8k, so if I put $324k into BTC I get right around 40.5 BTC, and so if I look at current BTC prices, $1.215 million (which is about a 3.75x price appreciation.. .which is quite a bit more than double appreciation for BTC prices.

Ps. Even if I calculate from your numbers of 34.5 BTC (which is a BTC price of about $9,400 in January 2020), yet at the time that I type this post, that 34.5 BTC is still valued at more than $1 million which would still be more than 3x the value of $324k rather merely a doubling of value... and of course, we might not need to be so selective about the time frames that we attempt to compare, because we also likely realize that the longer time frame that we use to look back at BTC versus real estate, BTC prices are greatly outperforming real estate price appreciations... which could put any bitcoiner (hodler and/or accumulator) in a decently good position if they are trying to figure out how to save up for being able to get into a home purchase.

I don't know, i just got a price off of some long term chart, it could be either 8K or 9K.
Re about tripling vs doubling-I got doubling plus 1/3 of the price of the average house in US, not the $$ number.
It is of course, more in $$ because houses appreciated about 30% (at least).
Yes...bitcoiners did better than real estate..that was the point.

Nobody should feel sad buying a home with bitcoin. I bought my house with fiat from selling bitcoin in the last bull run. Isn’t that why we got into bitcoin, to make life better? What do we gain by HODLING until death, not enjoying some of the fruits of our labor?

I will sell more bitcoin in 2025 and buy multiple rental properties also.

I am angling to buy another property too in 2025, but not for renting.
The idea is to "escape" hot summers here.
Potential areas: Canada, New Hampshire or Michigan (from more to less expensive, typically).
Some water view is a must, got tired of not seeing water on a daily basis (river, lake or ocean-whichever will do just fine).

[Biodom]

what is bitcoin price
when held to "maturity"?
much more than now, lol

# Sunday haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Well friends, my DCA days are over. It's time to start selling. I'm a little sad to spoil my stash, but it's about something important. For years I was not satisfied with the city and the institution where I work. I was recently invited to a prestigious institution with better pay and less working hours. For opsec reasons, I don't want to say what I work, I'll just say that it's a very good position, and only 1 month of working days is required per year. My work is a hobby and there is no question of retiring, because that's what I'll be doing anyway.

The city is large, with a rich history and culture, with many places for entertainment, recreation and restaurants. The people are good, cordial and I feel very well there for 1 year now. So I decided to buy an apartment. I'm putting off the idea of a house for now because I don't have that many bitcoins. My plan for the apartment is to use a mortgage, paying only 20% of the price now. It's a small percentage of my bitcoins, so I'll be able to swallow it. When the price reaches some level, I have decided to repay the entire loan by selling bitcoins, and my goal is to sell no more than 10% for the purpose. It's all worth it, because it's how I drastically change my lifestyle in the right direction. And I'm insured with my bitcoins, in case of financial difficulties to sell some more and not lose the apartment.

congrats!

a while back i sold a respectable chunk of my corn to retire early. best decision ever. bitcoin is a tool and there are many ways to use it. so dont second guess yourself and enjoy the benefits bitcoin brings.

Even though I don't really disagree with your overall point vapourminer, there seems to be a decently-sized difference between you and ivomm, and ivomm has not been in bitcoin even as close to as long as you, and he had also been engaging in a variety of early sellings along the way and even trading and other kinds of over doing it in terms of trading using various forms of leverage too.. so I don't really have anything against ivomm, but I doubt that the measured-ness and the cushioning of his BTC selling is even close to yours.

Thanks for the warning... I get the sense that now I am going to be better prepared to be able to panic in the future when "we" bitcoiners have continued to fail/refuse to sufficiently build and prepare like you would like to happen in these here parts.

What do you suggest?  BIGGER blocks?  A change in BTC's governance? Or something else?

I've already said everything pertinent to the subject. Do you expect me to repeat myself? I try to avoid discussions that go around in circles these days. I know your MO is to use a hundred words when three would do but some of us have other things to do.

No problem.  I have largely said what I was planning to say on the topic too.. at least for the moment, but surely it might become more of a theme in these parts, depending on how quickly or well the lighting network fixes might be (assuming some kind of a fix) or even also depending on the various attacks from large third-party players who would like to get rich upon bitcoiners and perhaps do not have any good intentions in terms of allowing for individuals to mostly freely use bitcoin without having to get permission from governments and/or from financial institutions.

[eXPHorizon]

Heros and Villains always have the same back story. PAIN . The difference is what they choose to do about it. Villain says : The world hurt me ima hurt it back. Hero says : The world hurt me and i will not let it hurt anyone else. Heros use pain , the Villains are used by it.

Villains are driven by Hate.

Heros are driven by Hope.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

fuck you to buddy.

Hey WO I am running my pick the difficulty game. It Is free and lots of picks are left

https://bitcointalk.org/index.php?topic=5431167.new#new

A shot for a free 0.001 btc

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

I am angling to buy another property too in 2025, but not for renting.
The idea is to "escape" hot summers here.
Potential areas: Canada, New Hampshire or Michigan (from more to less expensive, typically).
Some water view is a must, got tired of not seeing water on a daily basis (river, lake or ocean-whichever will do just fine).

I would suggest looking into how those localities handle squatters. I suspect we're going to see an increase in that kind of thing in the near future.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

Few days ago my bud flew over my house with a FJ with some mad speed and pulled a cobra maneuver.. One of the rare moments i been left speechless with a open mouth 😆

[Biodom]

I am angling to buy another property too in 2025, but not for renting.
The idea is to "escape" hot summers here.
Potential areas: Canada, New Hampshire or Michigan (from more to less expensive, typically).
Some water view is a must, got tired of not seeing water on a daily basis (river, lake or ocean-whichever will do just fine).

I would suggest looking into how those localities handle squatters. I suspect we're going to see an increase in that kind of thing in the near future.

Oh, my..you are right.
Apparently, squatters have rights in some states. Wow.
Well, Michigan is 15 years, NH is 20 years of continual occupation...and Alberta just abolished the "Squatters rights" altogether recently (and British Columbia and Ontario already did it beforehand).
I am not sure why US still has these somewhat ridiculous "rights" on the books; maybe so the available land is cultivated?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

Oh, my..you are right.
Apparently, squatters have rights in some states. Wow.
Well, Michigan is 15 years, NH is 20 years of continual occupation...and Alberta just abolished the "Squatters rights' altogether recently (and British Columbia and Ontario already did it beforehand).
I am not sure why US still has these somewhat ridiculous "rights" on the books; maybe so the available land is cultivated?

I believe that's what's referred to as "adverse possession". Even without that being in effect, squatters can be a pain (and expensive) to be rid of.

[JimboToronto]

It's Bitcoin Sunday.
The battle for thirty grand
Is still raging on.

Bouncy bouncy bounce...
But still pretty well sideways.
It gets tedious.

It's not a problem.
One coin is still worth one coin.
That's what's important.

The honey badger
Will always go its own way.
Shout, "go Bitcoin go".

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Howell to Clifton
Been working on the coin mine
Clifton to Howell

It is quite a loop.
Fixing the gear buying gear
cause I mine the corn

Day after day mine.
Sunday to Saturday mine.
must mine more crypto.    (apologies to jjg but it fit)

30 k all day
33 k  coming Monday
I hope for buddy

He can do that lift
wo wants 33 k now.
I  wait for monday.

[Biodom]

Marc Andreessen's techno manifesto..whether you agree or disagree..those are quite bold strokes.

https://a16z.com/the-techno-optimist-manifesto/

I kind of like it, albeit he thinks that we can fit 50 bil people on Earth.

We believe change only happens on the margin – but a lot of change across a very large margin can lead to big outcomes.

[hisslyness]

c'mon buddy! Show us $30,159.00

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com