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

[JayJuanGee]

You always say that there is no point in Hodling Bitcoin forever. We must sell some of them with time when we are getting good return. If someone has average price in double or triples then wont it be good idea to sell them when Bitcoin touched its ATH of 67k.

What is point in making some profit from investment that you cannot spend. The joy in investing is being able to spend some of your profit without tampering with your capital. People who will choose to sell off some of what they have been holding after the increase in price to me will not be doing something wrong.

I think that selling Bitcoin for fiat currencies because of the price is silly. I prefer to take my profits in Bitcoin.

If you must spend some of your Bitcoin, do so based on your need to spend, not on the fiat price of Bitcoin.

Why not both?

When any of us get to various stages of being in considerable profits, it may not really matter so much if you sell some at 20x profits or at 50x or at 100x or perhaps some other higher x x... .. but at the same time, there can be some extra utility in terms of either making fiat-valued purchases (whether straight from bitcoin or having to go to fiat first) or selling into dollars and keeping those dollars as available in case you want to use them later.. especially when we are in for a while we can see BTC prices moving up and down and we can even use something like the 200-week moving average to guide us regarding how frothy we might consider the BTC price to be (in dollars) even though we might end up being wrong.

Sure dollars are not that likely to hold their value in the long term, but we already know that sometimes they might hold their value better than bitcoin during some of the correction periods and even some of the extreme correction periods that are likely going to continue.. whether the supercycle theory ends up playing out in the future, I am going to take the supercycle theory with a pretty BIG ASS grain of salt... but yeah, in the end, we can balance these kinds of allocations as we like, including deciding the extent to which we might keep some of our toes in both worlds, and sometimes it is good to have some of the traditional accounts in order to NOT be unduly drawing attention to ourselves, especially if we were to ONLY hold bitcoin or maybe some kind of strange sets of assets that mostly raises red flags... I am not going to say what is what because these are likely to be somewhat discretionary balances, and some of these balances might not work out for some of us as well as we think if we might not attempt to balance in ways that don't unduly make us look like someone who does not fit in, even if we might not really fit in, sometimes it can be helpful to look like we fit in, even if it might sometimes end up costing us some value in the process.

You always say that there is no point in Hodling Bitcoin forever. We must sell some of them with time when we are getting good return. If someone has average price in double or triples then wont it be good idea to sell them when Bitcoin touched its ATH of 67k.

Yes of course. In any investment you use the profit made from the capital to buy things for yourself. You can't store your bitcoins in the wallet forever. When you die who will come spend the money for you therefore, you have to spend you profit to buy things and have some fun. I believed everyone is investing in bitcoin and when the all time high has reached then you sell some and keep some then use the sell money to buy things.

That's pretty dumb... but hey whatever, you do you Mate2237.

<troll>

<troll food>....

.....

<troll>

troll food

<troll>.....

troll food

<and even more troll food>

Oh ffs Jay, stop feeding it.

"Troll food."  Hahahahahaha

That's cute.

.... It's all entertainment, ....

Absolutely bro. Its why I love this here famous thread. And I got no one on ignore. Scroll wheel etc.

This guy was paid 32 #Bitcoin    to hold up this sign on a busy street in 2011 ✨

"STOP THE FED! USE BITCOINS!!!"

Seems that no one had quoted you..

[ChartBuddy]

Explanation
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[JayJuanGee]

Knowing it is AI text makes me not want to read it, though. It feels like a waste of my time.

My feelings exactly, every fucking time I see a JJG post.

Me too.

Passphrase in my head.
Jay's going to hypnotize me.
Should I be worried?

Yes. You should.

Or not.

It's only money.

 

Reminds me of saying something about a recent meeting that I had with a real world guy about bitcoin, and I was showing him quite a few bitcoin-related things, and he was acting like he understood what I was talking about, then it became more and more clear that he did not understand very much of what I was talking about so I had to go from talking to teaching, and we were even going to do a bitcoin transaction.. that was part of the reason for our meeting, and his use of an intermediary to provide a bitcoin address for me, caused a quite a bit of frustration.. and gosh, I almost sent some bitcoin... but the delay in the communications of the intermediary caused me too many questions to be raised in my head about going through with any such transaction..

We did not end the meeting on bad terms, so I may well be meeting with him again, and we will see if we might end up doing a bitcoin transaction at some point.. I do not mind spending time with bitcoiners and/or bitcoin wannabe'ers so long as I don't end up getting taken advantage of too much.. .. and since sometimes there can be oversharing in these kinds of situation.. trust does seem to end up coming into relevance when dealing with people face to face and sometimes working out potential transaction terms and maybe just negotiating and even attempting to educate people who may well just be genuinely dumb, even though sometimes there might be questions about if they are genuine, genuinely dumb or something else might be going on.. but we sometimes take chances on people when we are interacting in the real world.. a world of quasi-strangers, a world of known people and a combination of those knowns and unknowns, and surely sometimes we feel better if several people we know are also acquainted with the person with whom we are meeting (kind of like a reference), but that still does not necessarily mean the person is going to act with correctness and do the right thing when the push comes to shove. and sometimes "the right thing" or the better thing or even a set of reasonable things is subject to interpretation.

[edited out]

If you see price of Bitcoin 10 or 12 years back it was merely about 1 dollar or even less. In ten years time that 1 dollar has gone up to 67k$ and now a days trading at 35k. I was just refering to JJG doctrine that there is no point in Hodling Bitcoin forever.

That does not seem to be my doctrine, because I tend to believe in the idea of not selling all of your bitcoin, even if you might well sell on the way up, but never really with an expectation of being able to buy back.. but sure if you are beyond BTC accumulation phase and into maintenance stage then you are going to have different ideas, and I have not even worked out for myself liquidation stages, but there could be some circumstances in which you don't see yourself living very long, so you become more aggressive into your selling of principle.. not just selling profits (or passive income amounts)...  But even in liquidation stages, there could be some legacy concerns too.. if something might be set up for legacy and being able to feel comfortable with the way it might be managed post death/incapacitation.

What you said about collectors might be correct as there are few here who have Bitcoin with average price around 999$.

I think that selling Bitcoin for fiat currencies because of the price is silly. I prefer to take my profits in Bitcoin.

If you must spend some of your Bitcoin, do so based on your need to spend, not on the fiat price of Bitcoin.

If you are looking to get profit in Bitcoin then 1 Bitcoin is still equal to 1 Bitcoin and will remain same even after 10 or 20 years.

That does not make much if any sense... are you saying that you could just set up a system in which you sell bitcoin forever, but you never deplete your principle?  Those are the kinds of things that I am trying to talk about, even though surely personally, I feel that I need to be being more aggressive in my own employment of selling as much as I should be selling.

Yes of course. In any investment you use the profit made from the capital to buy things for yourself. You can't store your bitcoins in the wallet forever. When you die who will come spend the money for you therefore, you have to spend you profit to buy things and have some fun. I believed everyone is investing in bitcoin and when the all time high has reached then you sell some and keep some then use the sell money to buy things.

I will be happy if my Bitcoins are of any use to my family after I leave this world

Some kind of a succession should at least be considered, even if some of us might still not be sure if we have it worked out exactly.

Sunday or Monday
Depending on your timezone
Ouch! A red dildo.
#haiku

But, it wasn't really that BIG.. did not even get down beyond the mid $34ks and we had lower $34ks just two days before that... It is not easy to get excited about these kinds of price moves, right?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[nutildah]

NFL Week IX
'Merican footie, fuck yeah
Time flies up in here.

[ChartBuddy]

Explanation
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[DirtyKeyboard]

Hey Buddy?  I was waiting for you.  Don't worry, you got this...  And there you are.

Sorry if this is old news, well it is old news, but it might be new news here.  And there's no gnus like good gnus.

I was reading this Did the ETF Pump happenhttps://www.reddit.com/r/CryptoCurrency/comments/17oa8ra/did_the_etf_pump_already_happen/ and came upon this https://www.reddit.com/r/CryptoCurrency/comments/17oa8ra/comment/k7xbu3a/?utm_source=share&utm_medium=web2x&context=3 reply from user pbandwhey

"Blackrock reportedly seeded their spot ETF in October.

https://x.com/ericbalchunas/status/1716487573588070728?s=61&t=911XcFq5FV9qoH1Ja3r1TQ"

I only post this because I remembered someone posting here that it would be highly illegal for a fund provider like Blackrock to prebuy assets before opening said fund and having orders from outside money to buy the assets of the new ETF, and if I was a better poster I would find that post and might yet still in the future.

Hold on tight everybody.  It always goes down before it goes up before it doesn't.

Edit: Like a fool I made plurals into possessives.

[Hueristic]

NFL Week IX
'Merican footie, fuck yeah
Time flies up in here.

OK, I just looked and EVERY team won that had a better record, All top 6 Teams played bottom 6 teams so that means there is NO change in standing and this week was a PUSH all around!

What are those Odds?

[Negotiation]

Waiting on a solid 36k maybe over night.

Hopefully hit 36k soon 

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[seek3r]

NFL Week IX
'Merican footie, fuck yeah
Time flies up in here.

Yeah ur right.. time flies if I have a look at the gamedays.
See ya at the upcoming rivalry week @ fantasy!



Need that W to fall not further behind!
Already excited for ur final roster... Fortunately, some of ur key players have a bye week 

[El duderino_]

Marbella, Monday
Sun, breakfast, sports for morning.
Bitcoin is the way.

[Antisthenes]

Real estate consists of land and any existing structures.

Indeed.
Land is required for any RE structure, making it also step one, whilst investor pockets are still full.
Maintenance usually occurs when the pockets are empty.

As Mark Twain said, "they don't make it anymore".

Nice, somehow I think I’ve heard this before. [coming from you]

Bare land can offer immediate income. Arable land can be leased or sharecropped to farmers. Bush lots can be logged or used to harvest firewood (preferably on a sharecrop basis).

In my previous post I intended to write “substantial income”.
Now, keep in mind that you and I live in different continents.
Logging is not permitted here [of course I do within personal limits*, guilty], whereas renting bare land to farmers is more of a joke than anything else.
*. Plant more than you cut.

By avoiding any construction you can avoid tax increases. You just have to play it smart.

Oh hello, I’m starting to lose connection here Jimbo, WTF is tax?
Property tax has to be one of the filthiest measures ever implemented on humanity.

I pay less than $2000 per year in taxes for 400 acres and a 25 acre private lake in prime Muskoka cottage country because I live within the confines of the local municipal zoning bylaws. I'm allowed a trailer for habitation between May 15 and Oct 15. I got a used 37' trailer with two tipouts, bathtub and 3 bunk guest bedroom for less than $2000. The lake is so pure you can drink from it and I intend to keep it that way. I bought a pedal boat and plan to get a canoe. No motors will be allowed. My land is a nature preserve.

I remember when you bought it - right before the previous bull run - also around the time Elwar bought his personal Titanic.
Good luck with finding 400 acres for sale around these here parts.

But excuse me, you are “allowed” what?
I would give exactly zero fucks about any of that Jimbo. [allowed for habitation, motors and all that bullshit]
My dream is to own a little hill-top, dig a autonomous dwelling place inside of it, and enjoy nature and simple living thereafter.
All this with total disrespect to the system, exactly how the shepherds do it in the mountains. Can’t wait for the next bull run tbh.
#off.grid

It's also increasing in value. There's no reason why you can't invest in land and enjoy it.

No intention of ever selling that place, nor it would even be possible, if you catch my drift.

Me too.

Yeah, fuck you too.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Lida93]

Good day Bitcoinland.
The price is back up over
Thirty-five thousand.

Not gonna only be a good day
but a good green two months of 2023 for bitcoin people.

Saying this as a result of a news about six different AI chatbots experiment forecasting a 45k price for bitcoin as the year winds down.

Although would have loved it if it was a perfect number 7 and not 6 AI's.
https://news.bitcoin.com/15k-to-45k-6-ai-chatbots-weigh-in-with-conservative-bitcoin-forecasts-for-years-end/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

[xhomerx10]

Preev.com is live once again

[ChartBuddy]

Explanation
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